The Malabar Trading Company Limited ("The Company") was incorporated on
18th April, 1980 under the Companies Act, 1956. The company made its
maiden public issue during June 1980 aggregating Rs. 3.00 lacs for
raising working capital and meeting issue expenses. The paid-up capital
of the Company post listing in 1980 was Rs. 5,00,000 divided into
50,000 equity shares of Rs. 10 each. The Company was incorporated with
the main object of trading, acting as distributors, commission agents
etc. Presently the registered office of the Company is situated at C-1,
1st Floor, Everest Building, Opp. BMC School, Dattapada Road, Borivali
(E), Mumbai - 400066.
In February, 2011, the Company altered its objects clause by inserting
objects relating to (i) Hospitality Entertainment and related
activities (ii) Healthcare related activities (iii) Agro food produce,
production and process including forward and back integration and (iv)
Infrastructure and construction activities, to be carried on either
directly or indirectly through joint venture/wholly owned
subsidiaries/acquisition of strategic stake in such entities in the
respective fields or otherwise and also obtained the approval of
members u/s 149(2A) of the Companies Act, 1956 to carry on these newly
In March, 2011, the Company issued 15,00,000 equity shares of Rs. 10
each at a premium of Rs. 62 per share upon conversion of warrants. In
August, 2011, the Company announced issue of Bonus Shares in the ratio
of 6 equity shares as bonus shares against every 1 share held. Post
bonus, the present paid-up share capital of the Company is Rs.
10,85,00,000 divided into 1,08,50,000 equity shares of Rs. 10 each.
The Company had acquired 99.87% stake in M/s IADFAC Laboratories
Private Limited ("ILPL") a Company engaged in lab testing of Dairy,
Food and other products. ILPL has ISO 17025 Certification, BIS, Egmark
& more. Further, the Company had also acquired 97.26% stake in M/s
Protect Nature Private Limited("PNPL"), a Company engaged in the
business of agro food produce, production and process including forward
and backward integration including manufacturing of fertilizers.
Pursuant to the said acquisitions, ILPL and PNPL became subsidiaries of
1.1 Previous year figures have been regrouped, reclassified and recast
wherever considered necessary to make them comparable with current year
1.2 None of the employees of the company were in receipt of
remuneration in excess of limits specified under section 217(2A) of the
Companies Act, 1956.
1.3 In the opinion of the Board, all the items of current assets, long
term loans and advances and other non current assets have a value on
realisation in the ordinary course of the business at least equal
to the amount at which they are stated.
1.4 The various balances of long term loans and advances, other non
current assets, trade payables, trade receivables and other items of
current assets, as well as current and non current liabilities are
unconfirmed from the parties concerned.
1.5 In absence of proper information in respect of trade payables as
to their status as Micro, Small and Medium enterprises as defined in
the Micro, Small and Medium Enterprises Development Act, 2006, Company
is not in a position to state information required
1.6 Income tax provision had been mae according to the Income Tax Act
and during the year, company had utilised MAT Credit of Rs. 136270/- to
pay the Income Tax Liability for F.Y. 2012-2013 as difference between
Income Tax at Normal Rate and Income TAX under MAT (Section 115JB).