Moneycontrol
SENSEX NIFTY
Richirich Inventures Directors Report, Richirich Inven Reports by Directors
YOU ARE HERE > MONEYCONTROL > MARKETS > EDIBLE OILS & SOLVENT EXTRACTION > DIRECTORS REPORT - Richirich Inventures

Richirich Inventures

BSE: 519230|ISIN: INE102C01020|SECTOR: Edible Oils & Solvent Extraction
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
LIVE
BSE
Jul 24, 13:30
3.19
-0.16 (-4.78%)
VOLUME 800
Richirich Inventures is not listed on NSE
Array
Download Annual Report PDF Format 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010
Directors Report Year End : Mar '14    Mar 13
The Members of the Company
 
 The Directors present the Annual Report on the business and operations
 of your company for the year 2013-2014.
 
 FINANCIAL HIGHLIGHTS:                                   Rs. in Lakhs
 
                                                2013-14       2012-13
 
 Income from Operations                          18.54         42.52
 
 Profit (Loss) before Extra-Ordinary Items        3.06         24.16
 
 Profit/(Loss) before depreciation               12.28         33.59
 
 Depreciation                                     9.22         09.43
 
 Profit/Loss before Tax                           3.06         24.16
 
 Provision for Income Tax                         0.00          0.00
 
 Profit/Loss after Tax                            3.06         24.16
 
 Balance Brought Forward                       (47.14)       (71.30)
 
 Balance Carried to B/sheet                    (44.08)      (47.14)
 
 
 DIVIDEND:
 
 In view of brought forwarded losses the directors regret their
 inability to declare the dividend to conserve the resources.
 
 REVIEW OF PERFORMANCE:
 
 The company is taking various initiatives for new businesses.
 
 DIRECTORS
 
 In accordance with the provisions of the Companies Act, 1956 and the
 Articles of Association of the Company, Shri Ashok Chhajed, Director
 retires by rotation and being eligible, offers himself for re-
 appointment.
 
 DEPOSITS
 
 Your Company has not accepted deposits falling within the provisions of
 Section 58A of the Companies Act, 1956 read with the Companies
 (Acceptance of Deposits) Rules, 1975 during the year under review.
 
 Auditor''s Report:
 
 In respect of fixed assets
 
 As a result of unfortunate incident that our accounting software got
 corrupted and as a result substantial time was devoted to restore all
 accounting data of which some data lost while restoration and therefore
 company is not able to maintain records showing full particulars
 including quantitative details and situation of fixed assets. However
 management has initiated steps to prepare the proper records of
 available fixed assets.
 
 In respect of Code of Conduct
 
 During the year the company had set out the code of conduct for the
 affairs of the company which shall be placed before the meeting of the
 Board of directors of the company and shall be displayed at the website
 of the company thereafter.
 
 In respect of publication of Quarterly Results:
 
 Company will henceforth take appropriate steps to publish the
 Un-audited quarterly results for the publications in English as well as
 in the vernacular language.
 
 PARTICULARS OF EMPLOYEES:
 
 There is no employee having remuneration in accordance with the
 provisions of section 217(2A) of the companies Act 1956 read with the
 companies (Particulars of employee) Rules 1975 as amended.
 
 MANAGEMENT DISCUSSION & ANALYSIS REPORT:
 
 In terms of clause 49 of the listing agreement with the stock exchange,
 Management Discussion & Analysis report is enclosed and forms part of
 the report.
 
 CORPORATE GOVERNANCE:
 
 Report on corporate governance in compliance with clause 49 of listing
 agreement with the stock exchange is given in Annexure I. A certificate
 from the statutory Auditors confirming compliance is given in Annexure
 II.
 
 RESPONSIBILITY STATEMENT:
 
 As required u/s 217(2AA) of the companies Act 1956 your director
 confirms that in the preparation of the annual accounts:
 
 1) The applicable accounting standards have been followed along with
 proper explanation relating to material departures.
 
 2) Such accounting policies have been selected and applied consistently
 and reasonable and prudent judgments and estimates made, so as to give
 a true and fair view of the state of affairs of the company at the end
 of the financial year and the profit/loss of the company for that
 period.
 
 3) Proper and sufficient care has been taken for the maintenance of
 adequate accounting records in accordance with provisions of this act
 for safeguarding the assets of the company and for preventing and
 detecting fraud and other irregularities.
 
 4) The annual accounts have been prepared on a going concern basis.
 
 CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE:
 
 As required under rule 3 of the companies (Disclosure of Particulars in
 the report of board of directors) Rules 1998, the particulars relating
 to the conservation of energy, Technology absorption, and the foreign
 exchange earnings and outgo are also Nil.
 
 LISTING AGREEMENT:
 
 The securities of the company are listed with the Stock Exchange,
 Mumbai. The company has paid the annual listing fees.
 
 APPOINTMENT OF AUDITORS:
 
 M/s Deepak S.L.Agarwal& Co. Chartered Accountants the retiring auditors
 of the company have expressed their willingness to the effect that
 their re-appointment, if made would be within the prescribed limits
 specified under section 224 (1B) of the companies act, 1956. Therefore
 members are requested to appoint them as auditors of the company.
 
 CASH FLOW STATEMENT
 
 In conformity with the provision of Clause 32 of the Listing
 Agreement(s) the cash flow statement for the year ended 31st March 2014
 is annexed hereto.
 
 CAUTIONARY STATEMENT
 
 Statement in this Report, particularly those which relate to management
 Discussion & Analysis, describing the Company''s objectives,
 projections, estimates, expectations or predictions may be forward
 looking statements within the meaning of applicable laws or
 regulations. Actual results could however differ materially from those
 expressed or implied .Important factors that could make a difference to
 the Company''s operations include global and domestic conditions,
 changes in Government regulations and tax structure, economic
 developments with in India and the outside countries and other factors
 such as litigation and commercial relations.
 
 ACKNOWLEDGEMENT:
 
 The management is grateful to the government authorities, Bankers,
 Vendors, for their continued assistance and co-operation. The directors
 also wish to place on record the confidence of members in the company.
 
                                By Order of the Board of Directors
 
                                        Ashok M. Chhajed
 Place: Mumbai                               Director
 Date: 12/07/2014                         DIN: 02336676
 
 
 
Source :
Quick Links for richirichinventures
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 © e-Eighteen.com 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 moneycontrol.com is prohibited.