Rajesh Exports: MDA

Not much has been discussed in the MDA section except that, "the company will further strengthen its position in retail and other high margin businesses to further enhance the profitability in the coming years!"

Rajesh Exports: Director's Report

Green Flags

1. Sales up by 26% from 6893 crores to 8667 crores.
2. Net profit up by 104% from 101 crores to 207 crores.
3. Dividend recommended - 35%
4. No employees are drawing remuneration in excess of 24 lakhs per annum.

Red Flags

1. Auditors P. K. Rungta & Co. have confirmed that their appointment if made, would be in accordance with the limits specified under section 224 (1B) of the Companies Act, 1956.

Rajesh Exports: Notice

The main highlights I think are,

1. To appoint a director in place of Prashant Mehta who is present MD & Rajesh Mehta's i.e. Chairman's brother, who retires by rotation and being eligible, offers himself for re-appointment.

2. To appoint auditors and fix their remuneration.

Rajesh Exports: Contents

1. Notice
2. Report of Directors
3. MDA
4. Corporate Governance
5. Auditor's Report
6. Balance Sheet
7. Profit & Loss Account
8. Schedules to Balance Sheet
9. Cash Flow Statement
10. Balance Sheet Abstract

Case Study 1

Company : Rajesh Exports Ltd.
Sector : Cosumer Durables

Head Office : Bangalore

Auditors : M/s P. K. Rungta & Co.

Listing : NSE & BSE
Year End : 31st March

Annual Report under Focus : 2007-08
http://www.rajeshindia.com/files/annual-reports/14th_Annual%20Report_2007-08.pdf

Starting up...

Hi guys,

The prime objective of this blog is to analyze specific investments and comment on the same. Though I would be predominantly focusing on the Indian stock markets (sectors being consumer durables, metals & mining and IT); I am open to any constructive suggestions that you might have!!!

Hope you enjoy reading and commenting on it!