International Data Management Directors Report, Intl Data Mgmt Reports by Directors
International Data Management
BSE: 517044|SECTOR: Computers - Hardware
Jan 14, 16:01
0.8 (4.92%)
VOLUME 1,705
International Data Management is not listed on NSE
Download Annual Report PDF Format 2014 | 2013 | 2011
Directors Report Year End : Mar '14    « Mar 13
To the Members
 The Board of Directors of the Company presents herewith the Thirty
 Seventh Annual Report together with the Audited Accounts of the Company
 for the Accounting year ended 31st March, 2014.
 The highlights of the financial results of the Company are as follows:
                                                           (Rs. in Lacs)
                                                 Financial Year
 Particulars                           2013 - 2014      2012 - 2013
 Other Income                                24.05                -
 Profit/(Loss)                              (0.69)           (4.56)
 Depreciation                                 0.11             0.11
 Profit/(Loss) Before Tax                   (0.80)           (4.67)
 Profit/(Loss) After Tax                    (l-l7)           (4.67)
 Accumulated Losses                      (1725.04)        (1723.87)
 Review of Operations
 During the year under review loss of Rs.1.17 lacs has been reported by
 the company as against the loss of Rs. 4.67 lacs for the previous year.
 No business could be undertaken due to paucity of working capital and
 other business constraints.
 In view of the loss for the year under review as well as past
 accumulated losses, your directors express their inability to recommend
 In accordance with the provisions of the Section 152 of the Companies
 Act, 2013 and the Articles of Association of the Company, Mr. Neelesh
 Agarwal, Director will retire by rotation at the forthcoming Annual
 General Meeting and being eligible offers himself for re-appointment.
 Directors'' Responsibility Statement
 As required under Section 217 (2AA) of the Companies Act,
 19S6 your Directors confirm that:
 (i) in the preparation of the Annual Accounts for the financial year
 ended at 31st March, 2014; the applicable accounting standards have
 been followed along with proper explanation relating to material
 departure (if any);
 (ii) appropriate accounting policies have been selected and applied
 consistency and that tie judgments and estimates made are reasonable
 and prudent so as to give a true and fair view of the state of affairs
 of the Company as at March 31,2014 and of the loss of the Company for
 the said period;
 (iii) proper and sufficient care has been taken for the maintenance of
 adequate accounting records in accordance with the provisions of the
 Companies Act, 1956 for safeguarding the assets of the Company and for
 preventing and detecting of fraud and other irregularities; and
 (iv) in view of expected future business, the annual accounts for the
 financial year ended at 31 March, 2014 have been prepared on a going
 concern basis.
 Auditors and Auditors'' Report
 The Auditors of the Company, S.D. Chopra & Associates (FRN - 003789N),
 Chartered Accountants; retire at the ensuing Annual General Meeting
 have confirmed their eligibility and willingness to accept the office
 of Auditors if re- appointed. As per the provisions of the Companies
 Act, 2013 read with the Companies (Audit and Auditors Rules), 2014, it
 is proposed to re-appoint M/s. S.D. Chopra & Associates (FRN -
 003789N), Chartered Accountants, as the auditors of the Company to hold
 the office from the conclusion of ensuing Annual General Meeting until
 the conclusion of 40 Annual General Meeting of the Company,
 The Auditors'' Report with notes to accounts are self- explanatory and,
 therefore, do not call for further comments.
 Particulars of Employees
 During the year under review, none of the employees of the Company is
 drawing salary in excess of me limits prescribed by Section 217(2A) of
 the Companies Act, 1956 read with the Companies (Particulars of
 Employees) Rules, 1975.
 Public Deposits
 Your Company has not accepted any Public deposits. As such, no amount
 of principal or interest was outstanding as on the Balance Sheet date.
 Conservation of Energy, Technology Absorption And Foreign Exchange
 Earnings and Outgo.
 As there has been no business activities in the company during the year
 under review, the information required under Section 217(l)(e) of the
 Companies Act, 1956 read with the Companies (Disclosures of Particulars
 in the Report of the Board of Directors) Rules, 198B is nil and hence
 The Directors wish to record their appreciation to the Government
 authorities, Bankers and Shareholders for their co-operation and
 unstinted support extended to the Company.
                                            By Order of the Board 
                               For and on behalf of Board of Directors
                      Suresh Chand Sharma         Neelesh Agarwal 
                      Director                    Director
 Place : New Delhi 
 Date :29th May 2014
Source : Dion Global Solutions Limited
Quick Links for internationaldatamanagement
Explore Moneycontrol
Stocks     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Others
Mutual Funds     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Copyright © Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of is prohibited.