Sunday, 30 August 2009

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.

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