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Relson India Directors Report, Relson India Reports by Directors
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Relson India
BSE: 502473|SECTOR: Computers - Software Medium & Small
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Directors Report Year End : Mar '14    « Mar 13
Dear Members,
 
 The Directors have pleasure in presenting the 28th Annual Report along
 with the audited Statement of Accounts for the year ended 31st March,
 2014.
 
 FINANCIAL PERFORMANCE
 
 The performance of the Company for the financial year ended 31st March
 2014 is summarized below:
 
                                                        (Amount in Rs.)
 
 Particulars                       For the year end    For the year end
                                         31.03.2014          31.03.2013
 
 Total Income                             2,310,146           2,662,734
 
 Less: Total Expenses                     1,609,637           1,412,085
 
 Net Profit Before Tax                      700,509           1,250,649
 
 Less: Tax Expenses                         196,930             395,000
 
 Net Profit for the Year                 23,483,227             855,649
 
 Add: Balance Brought forward
 from Previous Year                         503,579          22,627,578
 
 Balance carried to Balance sheet        23,986,806          23,483,227
 
 
 DIVIDEND
 
 Keeping in view the need to conserve the company''s resource, your
 Directors consider not declare any dividend during the year under the
 report.
 
 FIXED DEPOSITS
 
 Your Company has not accepted any fixed deposits from the public and is
 therefore not required to furnish information in respect of outstanding
 deposits under Non-Banking Financial Companies (Reserve bank)
 Directions, 1966 and Companies (Acceptance of Deposits) Rules, 1975.
 
 DIRECTOR
 
 Pursuant to the provision of section 255 of the companies Act, 1956 Ms.
 Anusuya Gupta director of the company, retires at the ensuing Annual
 General Meeting and being eligible, offers herself for reappointment.
 
 DIRECTOR''S RESPONSIBILITY STATEMENT
 
 In Accordance with the Requirements of Section 217(2AA) of the
 companies Act, 1956 your Directors wish to confirm the following:
 
 i) That the applicable accounting standards have been followed in the
 preparation of Annual Accounts.
 
 ii) That the directors have Selected such accounting Policies and
 Applied them consistently and made judgment and estimates that are
 reasonable and prudent so as to give a true and fair view of the state
 of affairs of the company for that 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 for safeguarding the assets of the company and for
 prevention and detection of fraud and other irregularities.
 
 iv) The annual account for the year ended March 31, 2014 have been
 prepared on a going concern basis.
 
 CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
 EARNINGS AND OUT GO:
 
 The Particulars as required U/s 217 (1) (e) of the companies Act, 1956,
 read with companies (Disclosure of particulars in the Report of Board
 of Directors) Rules, 1988 relating to conservation of energy,
 Technology, Technology Absorption, Foreign Exchange Earning and outgo
 are not Applicable to the company, as the company does not carry out
 any manufacturing activity and has no dealing with foreign exchange.
 
 PARTICULARS OF EMPLOYEES
 
 The Particulars as required U/s 217 (2A) of the companies Act, 1956,
 read with companies (particular of employees), there was no employee
 drawing remuneration in excess amount prescribed under Section 217 (2A)
 of the Companies Act, 1956 during the year ended 31st March 2014.
 
 AUDITORS
 
 The present tenure of M/s. AVS & Co., Chartered Accountants, Mumbai
 Statutory Auditor of the Company is expiring on conclusion of ensuing
 Annual General Meeting. In pursuance of Section 139 (1) of Companies
 Act, 2013 it is proposed to appoint M/s. AVS & Co., Chartered
 Accountants, Mumbai for the further tenure of one year.
 
 The Company has received consent by M/s. AVS & Co., Chartered
 Accountants, Mumbai to act as Statutory Auditor of the Company. If
 confirmed, the appointment will be made in accordance with Section
 139(1) of the Companies Act, 2013 and the Rules made there under and
 they satisfy the criteria stipulated under the provisions of Section
 141 of the Companies Act, 2013.
 
 AUDITOR REPORT
 
 The observation made in the Audit Report are self explanatory and
 therefore, do not call for any further comment U/s 217 of the Companies
 Act, 1956. The same have been noted for future compliance.
 
 SECRETARIAL COMPLIANCE CERTIFICATE:
 
 As required U/s 383 A of the Companies Act, 1956 a Secretarial
 Compliance Certificate from the Practicing Company Secretary is annexed
 hereto.
 
 ACKNOWLEDGEMENT
 
 The Board records its sincere appreciation for the continuing support
 and cooperation from bank, government authorities, shareholder, clients
 and staff of the Company.
 
 
                                         For and on Behalf of the Board
                                               For RELSON INDIA LIMITED
 
                                                            Pravin Jain
 Place: Mumbai                                                 Director
 Date: 29.05.2014                                        DIN : 01390983
Source : Dion Global Solutions Limited
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