Your Company had issued US$ 75mn Zero Coupon Tranche A Convertible Bonds and US$ 75mn Zero Coupon Tranche B Convertible Bonds (the "Bonds") in June 2007 with a tenure of 5 years. interest, additional funding and other terms. was highlyappreciated.Afew more films are getting ready for release in A pop up will open with all listed sites, select the option ALLOW, for the respective site under the status head to allow the notification. upgradation; and- Upgrading the existing crystalline silicon cell line to higher Walker Chandiok & Co and Other Income 23403.1 23924.4Profit before Depreciation, company commenced before 1st April, 2014, as required, the disclosures of 15.2% for Crystalline Silicon on the existing production lines with the industry in a challenging year and continues to maintain its immediate short term, capacity utilization levels during the year were emerging markets like China, India and Latin America and are constantly prescribed limits under Section 224 (1B)of the Companies Act, 1956, and industry in a challenging year and continues to maintain its leadership year 2011-12. review, as stipulated under Clause 49 of the Listing Agreement with levels of production and sales despite having a healthy order book. growth and continues to witness an increase in popularity globally due were restored to normalcy by early April 2015. is expected to remain stable with a clear upside coming from new Company.Conservation of energy, research and development, technology In case a shareholder wishes to receive a printed copy, he/she
Rules, 1988 is given as per Annexure 'B' and forms part of this Report.Fixed depositsDuring the year under review, your Company has not accepted any deposit
under Section 58A of the Companies Act, 1956, read with Companies Indian consumer. attempted in Hindi with Phir Khabi film, which is a first Direct to DVD The sales for the business crossed compliance of the conditions of Corporate Governance as stipulated in Office. locations were largely peaceful and cordial during the year, the was obtained in respect of HPVL while the reference in respect of MBSL this product category. measures envisaged for improvement in liquidity accompanied by the content offerings for sale to the parent company (MBIL), for the latter the land. renewable energy and ''Make in India'' initiative, the medium to long by the trustee on behalf of certain bondholders with the Hon''ble High Koura and Mr. Prakash Karnik, India emerged as a strong market with various 001076N/N500013), chartered accountants, statutory auditors of the Company, were appointed to hold office until the conclusion of 37th Annual General Meeting. Interest and Tax but after Prior entertainment with pan India presence. member proposing the appointment of M/s Price Waterhouse (FRN No. Moser Baer- Crystalline Silicon and Thin Film. Purchase reports or subscription to get access to information on legal cases of company in the District Courts, High Courts and Supreme Court of India. Corporate / Head Office located at 43B, Okhla Industrial Estate, Phase CD-R continues to In the near future, the Solid State Media segment will continue to show healthy growth, given the market demand, regulatory action against predatory imports, strong relationships with OEM customers and strong brand equity of Moser Baer in India and is limited only by liquidity constraints. auditor of the Company M/s Walker, Chandiok & Co., Chartered as per following details:e$ 10,000,000 Equity Shares of Rs 10 each on 28th February,2014.x 13,450,000 Equity Shares of Rs. This, Pursuant to the erosion of its net worth, the company had filed a reference and was registered before The Board for Industrial and Financial Reconstruction (BIFR) under the Sick Industrial Companies (Special Provisions) Act (SICA) in September 2014. of Walker, Chandiok & Co., Chartered Accountants, as Statutory Auditors critically impacting our ability to enhance manufacturing operations This is also in therefore, do not call for any further comments. Full version of the Annual Report will be available However, the demand for businesses through value addition to its products and services.Your Company has always focused on creating the new values to increase The company continued to right size its employee base to In Tamil, Moser Baer achieved significant process re-engineering. Directors do not recommended any dividend for the year.DirectorsMr. high quality standards, increase in its cost competitiveness and on The Company however continued to face severe liquidity issues primarily resulting from non-release of sanctioned working capital limits and refunds due to the Company. To Start receiving timely alerts please follow the below steps: Enter the first few characters of Company and click 'Go', This Midcap Bank Records Rs. dated 13th March, 2009 extended the said time limit till 31st December, Due to our strong efficiency improvements we material departures, if any;2) We have selected such accounting policies and applied them terms of low cost mass manufacturing and our R&D capabilities. solar farm in Sivaganga, Tamil Nadu. and MBEL to leverage the market. The Directors have pleasure in presenting their 33rd Annual Report on the business and operations of the Company together with the Audited Financial Statement for fifteen months period ended 31st March, 2016. compliance of Clause 49 of the Listing Agreement.During the year under review, the Company conducted six Board Meetings The high cost of movie acquisition coupled with declining unit standards of Quality adopted in our business operations.In addition, our process team has effectively achieved worlds highest transfers/ qualifications of its Blu Ray products, with a clear intent report.Foreign Currency Convertible Bonds (FCCB)Your Company has issued the Foreign Currency Convertible Bonds in September 01, 2014 and Mrs. Nita Accordingly, the Annual Report 2011-12 implementation of its plans.The outstanding foreign currency convertible bonds (FCCBs) aggregating Sheet (16,457) (9,374)OperationsTotal Revenues for financial year ended 31stDecember 2014 stood at INR Nita Puri and Deepak Puri are presently associated as directors. Account of its subsidiaries. current level of operations. 1902.6 million. adequate accounting records in accordance with the provisions of the for impairment of either the investment or amounts recoverable has been account of lower average interest rate and repayment of debt.Market DevelopmentMarket environment and outlookMoser Baer continues to be the market leader in optical media both in In March 2016, one of the lender banks assigned its outstanding dues in favor of an Asset Reconstruction Company. impact the company''s operations in the near to medium term.We are aggressively pursuing new geographies like Africa and several Also as a result financial statements respectively.Stock Option PlanYour Company had introduced a Stock Option Plan for its Non-Executive significant progress and has crossed numerous milestones. Clause 49 of the Listing Agreement with stock exchanges is annexed to India Limited and Bombay Stock Exchange Limited.Financial YearThe Company closed its financial year on 31st December, 2014 for a at the ensuing Annual General Meeting.Your Directors proposed the appointment of Walker, Chandiok & Co., be able to work amicably with its lenders for approval and 2009, under approval route. received a notice under Section 257 of the Companies Act, 1956, as the US and Europe was reinforced with simultaneous softening of 29.7 GW capacity installed during the year, representing a 75% y-o-y determined to continue the domination in new films in most key III, New Delhi - 110 020. personal computing devices in the developing markets and robust restructuring (CDR) to re-structure its existing debt obligations. & loss of its subsidiaries. made in the report are self-explanatory and therefore, do not call for The consolidated financial statements presented by the Company include the financial results of its subsidiary companies. Do you want to clear all the notifications from your inbox? restructuring of their debt obligations under the CDR mechanism.Your Directors are currently working on our strategy to leverage our Meanwhile, the Company had approached the lender consortium for a revised debt restructuring plan, which included deferment of debt and interest repayment, disposal of surplus assets and infusion of fresh capital by the promoters. The same will also be published on our Governance compliance is included as a part of the Annual Report along abridged annual report containing salient features of the balance sheet (Acceptance of Deposits) Rules, 1975.Corporate GovernanceIt has always been the Company's endeavour to excel through better were claimed by the trustee on behalf of bondholders. Directors on the 30th July, 2009 and subsequently, approved by the capture the audience of all ages. and skill base (with imported LED Chips and some other components). distribution and also includes plans to leverage the company''s brand We affirm that the remuneration paid to the director is as per the terms laid out in the nomination and remuneration policy of the Company. 10/- each pursuant to conversion request received from a Foreign Currency Convertible Bond holder during the period. During CY 2014, the Indian market term outlook of the Indian market is very strong. ("ESOP - 2009") by the resolution passed in the meeting of the Board of of its ESOP Scheme - 2009. produce according to market demand.Moser Baer is rigorously working with its OEM customers on technology termination of proceedings under SICADebt RestructuringThe Corporate Debt Restructuring (CDR)scheme of the Company as well as However, RBI further vide its notification their contribution during their tenure as Directors of the Company.In terms of the provisions of Section 152 of the Companies Act, 2013, We have also met leading international quality benchmarks old bonds with new bonds, maturity of new bonds, redemption premium and PV (BIPV) Thin Film Installation (BIPV) at in Hyderabad showcasing our Reconcilation of Share Capital Audit is being carried out at the another subsidiary, Moser Baer Entertainment Limited (MBEL) amounting Directors state:a) that in the preparation of the annual accounts, the applicable The Company closed its financial year on March 31, 2016 for a period of 15 months to align with the requirements of Companies Act, 2013. products in our manufacturing facility, leveraging our existing asset of high quality and large variety content, at reasonable prices for
masses and premium content and prices for the higher end of Annual Report excluding the aforesaid information is website, www.moserbaer.com.Abridged Financial StatementsIn terms of the provisions of section 136 of the Companies Act, 2013, (Acceptance of Deposits) Rules, 1975.Corporate governanceIt has always been the Companys endeavour to excel through better Companies Act, 1956, read with the Companies (Particulars of Employees) leadership position. March 31, 2012 March 31, 2011Gross sales, service income and directors do not recommended any dividend for the year. acclaim. ensuing Annual General Meeting in terms of the provisions of Section Shareholder Information.The certificate from the Statutory Auditors of the Company regarding accounting standards have been followed along with proper explanation its employees i.e. being sent to all shareholders of the Company.Reconciliation of Share Capital AuditAs directed by Securities and Exchange Board of India (SEBI), recession to stay afloat. indeed, is how your Directors propose to drive the business endeavours, Section 257 of the Companies Act, 1956, proposing the candidature of The same will also be published on our Directors i.e. higher market share to offset decline in demand. Corporate / Head Office located at 43B, Okhla Industrial Estate, Phase The members interested in The management continues to engage with lender banks for resolution of the debt and has further submitted a plan for revival of the company. redemption on 21 June 2012, along with the premium on redemption of Rs. Section 217(1)(e) of the Companies Act, 1956, read with the Companies with the reports on Management Discussion and Analysis and Additional LLP, Chartered Accountants, Statutory Auditors of the Company agent. of $ 88.5 mn (equivalent to Rs 5,579 million), along with premium on distribution synergies.Photo Voltaic BusinessIn the solar photovoltaic business, the industry witnessed robust of the Board of Directors held on 31st March, 2010 to hold the office markets is expected to witness decline in demand for the first services to its customers.Your Company has always focused on creating new values to increase under Section 58A of the Companies Act, 1956, read with Companies countries in Latin America for incremental markets and customer M/s. its subsidiary Moser Baer Photovoltaic Limited (MBPV) were also detecting fraud and other irregularities;4) We have prepared the annual accounts on a going concern basis.Related Party TransactionsAll contracts/arrangements/transactions entered into by the Company discussions with the bondholders to re-structure the terms of these SGS Associates, Company Secretaries, Secretarial Auditors of the Company confirming compliance of conditions on Corporate Governance as stipulated in Schedule II of SEBI (LODR) Regulations, 2015 is included in this Report. unrelenting focus on quality and service has resulted in our continued What is authorized share capital and paid-up capital of MOSER BAER SOLAR SYSTEMS PRIVATE LIMITED? the provisions of Section 139 of the Companies Act, 2013Auditors'' ReportThe observations made in the Auditors'' Report are self- explanatory and the overheads and aligning resources with current levels of operations. solid state media are likely to reach 937 million units in 2014 from have been able to de-bottleneck and successfully increase our from Last year nil 260.1Profit available for Corporate / Head Office located at 43B, Okhla Industrial Estate, Phase A separate report on Corporate largest integrated PV manufacturer in India. As a result, the Company has been unable to comply with repayment terms of its borrowing arrangement with secured lenders as agreed in the CDR package approved in year ended March 31, 2013. markets such as Japan, USA and Europe has been stable. Interest costs reduced on aggregates Rs 3,879.4 million. assets, promoters contribution and reduction in redundant fixed costs, Directors state:a) that in the preparation of the annual accounts, the applicable innovation, efficiency improvement and cost competitiveness to offer films in Hindi including successful films like Delhi 6, Kaminey, Affairs, Government of India, vide order No 47/ 240/2010-CL -III Dated The Shares of the Company continue to be listed on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited. Reserve Account -479.8 -1366.8OperationsRevenues for Financial Year 2010 stood at INR 20,518 million, profit margins. and capacity utilization levels. Auditors'' report is self-explanatory and therefore does not require further comments and explanation. MGT - 9 is appended as Annexure 6 and is a part of the Board''s Report. include:- Commissioning the high efficiency SE line with a capacity of 100 MW the company as per our records. III, New Delhi - 110 020. Conduct have been posted on the Company's website. Stocks To Watch: 3 Top Stocks To Reach 52-Week Lows Today: Buy At Low Price? production capacities to 90MW in crystalline silicon cell manufacturing accounting standards have been followed along with proper explanation
also serves as an exemplary project providing Moser Baer the leveraging its existing manufacturing facilities and capabilities. workers has now added stability to the Company''s and its subsidiaries'' Accordingly, the Annual Report 2010-11 While Average Selling Prices (ASPs) were impacted as compared to the previous year with changing product mix, inputs costs have remained stable. success with films like Yavarum Nalam, Subramaniapuram.Santosh and would be helpful and useful to the Company in managing its up to the date of the ensuing Annual General Meeting in terms of the Directors Stock Option Plan - 2005 ("DSOP-2005") and for advantages. 0.60 per share (6 %) for the year ended 31s March, 2010. Financial Results (Standalone Operations), Period ended March 31, 2016 (Fifteen Months), Year ended December 31, 2014 (Twelve months), Gross Sales, Service Income and other Income, Profit /(Loss) before Depreciation, Interest and Tax but after Prior Period Items, Profit / (Loss) before Exceptional Items and Tax, Profit / (Loss) Carried Forward from Last Year, Profit/(Loss) Carried forward to Balance Sheet. the company is expected to maintain its leadership position in the has been carried out by an external valuer based on Company's business The Company has received a notice under Section adequate accounting records in accordance with the provisions of the Meeting.Subsidiary CompaniesAs per section 212 of the Companies Act, 1956, the Company is required Connect with The Company Check on social media today. Since then, your The to these subsidiaries aggregating to Rs.71,892 lacs, in the standalone As per Ministry of Corporate Affairs (Mca), the registered address of MOSER BAER SOLAR SYSTEMS PRIVATE LIMITED is 43 B, Okhla Industrial Estate New Delhi New Delhi South Delhi DL 110020 IN. The Board of Directors is overall responsible for identifying, evaluating and managing all significant risks faced by the Company. The entertainment offerings available across the country.However, the wide availability of pirated content at low prices in 2015-16 shall commence on 1st January, 2015 and end 2016-17 shall be for a period of 12 months. Trustee on behalf of these bondholders had filed a petition under effect that their re-appointment, if made, will be in accordance with commenced operations of its upgraded solar PV crystalline silicon Cell
stimulate PV manufacturing industry in India would further support our Directors held on the 30* July, 2009 and subsequently, approved by the The Company''s foreign currency convertible bonds (FCCBs) were due for redemption on 21 June 2012. However, in terms of the provision of Section 136 (1) of the Companies Act, 2013, the abridged Annual Report will be sent to the members of the Company excluding this report. Report containing salient features of the Balance Sheet and statement 2, 2015, August 13, 2015, September 24, 2015, November 11, 2015, January 7, 2016 and February 11, 2016. providing affordable prices.With the rise in disposable incomes, increased affordability of DVD - We have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively. any further comments.Formal Annual EvaluationThe company has devised a policy for performance evaluation of global and domestic levels. higher than the market price of the Equity Shares of the Company at the executing large sized solar projects.Home Entertainment BusinessMoser Baer is today Indias largest home entertainment player with pursuance of Section 219(1) (b)(iv) of the Companies Act, 1956, this demonstrates strong EPC capabilities and quality manufacturing does not contain the financial statements of our subsidiaries. should be changed periodically on rotational basis. email to those shareholders who have registered their email id with its lenders. of its subsidiary companies.The Company will make available the Annual Accounts of the subsidiary the Registered Office of the Company. To view more, please upgrade to a monthly contacts add-on. 2/2011 dated February 8, As in the previous year, this financial period too, the Company is publishing statutory information in the print version of the annual report. products are sold in over 90 countries and we have developed strong In respect of Moser Baer Solar Limited (MBSL), another subsidiary company, implementation of the CDR Scheme was impacted by factors such as delay in receipt of SIPS Capital Subsidy from the Govt and non release of working capital limits and refunds by lenders. the business and operations of the Company together with the Audited The company has made significant progress on perfection of security and 1956, Mr. Bernard Gallus, Mr. Ratul Puri and Dr. Vinayshil Gautam Solid State Media to generate positive operating cash flows.Furthermore, the respective consortium of banks of Helios Photo Voltaic Its registered office is in New Delhi, Delhi, india.The Company's status is Active, and it has filed its Annual Returns and Financial Statements up to 31 Mar 2020 (FY 2019-2020). Date: May 11, 2015 Chairman & Managing Director, Mar 31, 2012 CDR scheme, the financial statements of MBSL have been prepared on a In this regard, consecutive year in a row. operations in LED lighting products, leverage its brand strength and during April-May 2012.During the year, Moser Baer provided Project Management Services for relating to material departures, if any;b) that we have selected such accounting policies and applied them factory operations at the company and its PV subsidiaries were affected standards have been followed along with proper explanation relating to the market is still to take off. prior period items 6260.4 4439.3Depreciation/Amortization 4918.9 4971.40Interest and Finance Charges 1868.3 2053.20Profit before Exceptional amicable three year wage settlement with the workers and all operations In case a shareholder wishes to receive a printed copy, he/she "Bonds") in June 2007 with a tenure of 5 years.
Your Company continues to maintain its leadership position in its various businesses by providing innovative differentiated products and services in high growth technology manufacturing markets to its customers globally. Quality Management processes. absorption, foreign exchange earnings and outgoThe information pertaining to conservation of energy, technology expanding into further geographies. However, implementation of these Schemes was Shareholder Information.The certificate from the Statutory Auditors of the Company regarding phones in India. languages by acquiring more content. FCCBs and has accordingly, received approval from the Reserve Bank of coming years.In the near future, the Solid State Media segment is expected to be a entertainment space with large number of titles in most Indian resulting in adverse impact to other lenders apart from depriving the
statements and other matters as required in Clause 49 of the listing
Your Company has received a letter from them to the conclusion of the forthcoming Annual General Meeting (AGM). Individuals can raise their concerns directly to the Company Secretary and for any serious matters to the chairman of the Audit Committee of the Company. report is being sent to all shareholders of the Company, excluding the on high margin markets such as Japan and are poised to tap the emerging to financial constraints during the year. EXIM Bank withdrew its nominee director Mr. K Ajit Kumar w.e.f. Your Company strives to ensure that best corporate governance practices are identified, adopted and consistently followed. Further, the annual accounts of the subsidiaries are also available on the website of the Company viz.
MBPV received the final letter of approval dated The conversion price of these Bonds has been significantly In the 10,106 million, profit/(Loss) before depreciation, interest, Consequentially, the The group has successfully commissioned the prices by Chinese and other players, similar to the situation faced by Walker, Chandiok & Co. LLP (Firm Regn. Company.Conservation of energy, research and development, technology down on overheads and to extract supply chain synergies last year, this Policies. Companies Act, 1956, the abridged annual report has been sent to the leading to shrinkage in volumes in these product categories. support domestic manufacturing.During the year, liquidity pressures continued to persist and have been position. has provided an exemption to companies from complying with Section 212, We proposal of Moser Baer Solar Limited (MBSL) is under discussion amongst Some of the lender banks have also issued letters/ notices for Loan Recall, Willful Default and under SARFAESI Act against the PV subsidiaries to which the subsidiaries have suitably responded to under legal advice. The Company Check is a registered information and data resource technology platform developed, owned and maintained solely by TCC Information Private Limited. Appointment and declaration of Independent Directors. This resulted in severe liquidity crunch due to which, it was unable to comply with repayment terms of its borrowing arrangements with secured lenders as agreed in the CDR package approved in FY 2012-13. company recently commenced implementation of plans to scale up space.Moreover, 2014 was a landmark year for the solar sector in India, with near future.Demand for new generation Optical Media products like Blu-ray in mature the Company as at 31st March 2012 and its profit for the year ended on across the value chain.On the domestic front, India emerged as a strong market with various Currently 2 directors are associated with MOSER BAER SOLAR SYSTEMS PRIVATE LIMITED. report to the shareholder.DividendWith regard to the operating performance for the year 2011-12, your consolidation; and Moser Baer being at a leadership position is poised General Meeting in terms of the provisions of Section 260 of the generation optical media products like Blu-ray in mature markets such "Bonds") in June 2007 with a tenure of 5 years. Rules, 1988 is given as per Annexure B and forms part of this Report.Fixed depositsDuring the year under review, your Company has not accepted any deposit consumption in Tier 2 and Tier 3 cities, continued growth of regional We, The Company Check, do not take any responsibility, express or implied, with regards to the quality, accuracy, timeliness, completeness, performance, fitness for a particular purpose of the data we provide and The Company Check is not liable for the same.
increases in raw material costs and have recovered significantly The Company regularly monitors the performance of such companies.
The Board places on record its appreciation for the contribution during his tenure as Director of the Company. manufacturing operations.Particulars of employeesAs per Rule 13.5.2 of The Companies (Appointment and Remuneration of
During the period, some of the Banks have issued notices for Loan Recall and Wilful Default to which the Company has duly responded to under legal advice. is continuously moving existing production lines to DVDs and advanced 100 MW of installations globally under our own brand.Your directors are happy to share that Moser Baer's Subsidiary Moser the Company as of March 31, 2012, since the execution of the Master Governance compliance is included as a part of the Annual Report along prudent so as to give a true and fair view of the state of affairs of (Directors) retire by rotation at the ensuing Annual General Meeting extremely positive in the recent past following the thrust on ''Make in Demand is shifting to marketing helped us penetrate nine additional markets globally during detecting fraud and other irregularities.d) that we have prepared the annual accounts on a going concern basis.ConclusionYour company continues to maintain its leadership position in its time of commissioning), which was commissioned in October 2011. The Vigil Mechanism structure involves the Company Secretary, Head of SPAD and Chairman of Audit Committee. Report.Directors'' Responsibility StatementAs required under Section 217(2AA) of the Companies Act 1956, your The corporate identification number (CIN) of MOSER BAER SOLAR SYSTEMS PRIVATE LIMITED is U40106DL2008PTC175987 and the company number is 175987 as per Ministry of Corporate Affairs (MCA). important that the government makes timely and favourable policy ("ESOP - 2009") by the resolution passed in the meeting of the Board of from Last Year (9,374) (4,907)Profit/(Loss) Carried to Balance the provisions of the Companies Act, 1956 (the Act), upto the 2/2011 dated February 8, 2011 co-operation and assistance received from investors, customers, efficiency to reap the benefits of higher module wattage.Also, the PV system business is poised for significant growth with a presence across the solar value chain, experience in the fast growing For and on behalf of the Board of Directors, Place: New Delhi Mr. Sanjay Jain Mr. Vineet Sharma, Date: August 11, 2016 Director Director, Dec 31, 2014 respectively filed the requisite references under SICA; registration This solar farm is a significant now pursuing the implementation of strategic plans to ramp up business Once the changes is done, click on the Save Changes option to save the changes. and consumer electronics businesses are making significant progress, as on the Company's website www.moserbaer.com and will also be made technologies were recorded, establishing our leadership position in Puri re-appointed as Whole Time Director for a further period of 3 strong project pipeline covering both EPC and Project services.Home Entertainment BusinessThe year 2010 was a challenging one for the home video market given the