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Bansisons Tea Industries Ltd.

BSE: 519353 | NSE: | Series: NA | ISIN: INE856E01019 | SECTOR: Plantations - Tea & Coffee

BSE Live

Jan 24, 16:00
7.80 -0.40 (-4.88%)
Volume
AVERAGE VOLUME
5-Day
320
10-Day
380
30-Day
417
100
  • Prev. Close

    8.20

  • Open Price

    7.80

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
Volume
No Data Available
0
  • Prev. Close

    -

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

Bansisons Tea Industries is not listed on NSE

Annual Report

For Year :
2014 2013 2012 2011 2010 2009 2008 2006

Director’s Report

Dear Members, The Directors present herewith your Company''s Twenty Seventh Annual Report together with the Audited Accounts for the year ended 31 st March 2014. Financial Result (Rupees in Lakhs) Particulars As at As at 31st March 31st March 2014 2013 * Net Sales / Income from operations 126.67 95.84 * Other Income Interest (Net) 0.00 0.00 * Total Expenditure 121.35 92.64 * Gross Profit/(loss) after interest but 5.31 3.21 before Depreciation & Taxation * Depreciation 1.77 1.73 * Profit/(loss) for the year after Depreciation 3.55 1.48 * Profit/(loss) before Tax 3.55 1.48 * Provision for Taxation 0.00 0.00 * Current year Taxation 0.11 0.00 * Profit/(loss) after Tax 3.44 1.48 * Paid-up Equity Share Capital 619.75 619.75 * Reserves excluding Revaluation 0.00 0.00 OPERATIONS: The Company has concentrated its main activities in increasing the tea plantation maintenance of the bushes. DIVIDEND: Due to non-availability of distributable profitability your Directors regret their inability to recommend any dividend in respect of Equity shares for the year under review. DIRECTORS: In terms of article of Association of your Company read with Section 255 of the companies Act, 1956. Shri H. R Bezboorah, Binod Agarwal, Shri Sandeep Agarwal retires at the forthcoming Annual General Meeting, but being eligible offers themselves for reappointment. AUDITORS: M/s. Monoj Kumar Goyal, Chartered Accountants, Auditors of the Company retire at the ensuing Annual General Meeting and being eligible, offer themselves for reappointment. The Company has received a certificate from the Auditors that they are qualified under section 224(1 B) of the Companies Act 1956, to Act as the Auditors of the Company, if re-appointed. PERSONNEL: None of the employee of the Company is drawing remuneration exceeding the limits specified under section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975. PUBLIC DEPOSIT: Your Company has not accepted any deposit(s) within the meaning of Sec-58A of the Companies Act, 1956 and the rules made thereof. RESPONSIBILITY STATEMENT The Directors Confirms, 1. That in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures; 2. That the directors had selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent 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 of the profit or loss of the company for that period; 3. That the directors had taken proper and sufficient care for the maintenancee of adequate accounting records in accordance with the provisions of this Act for safe guarding the assets of the company and for preventing and detecting fraud and other irregularities; 4. That the directors had prepared the annual accounts on a going concern basis. SUBSIDIARY: The Company does not have any subsidiary within the meaning of Sec-4 of the Companies Act, 1956. STATEMENT PURSUANT TO LISTING AGREEMENT Presently the Company''s share are listed at the Stock Exchange Mumbai(BSE), Calcutta Stock Exchange, Madras Stock Exchange and Jaipur Stock Exchange. CORPORATE GOVERNANCE: Your Company has always been committed to the best practices in the governance of its affairs. The Board is taking efforts to comply the same. Kindly refer to ANNEXURE ''A'' to Directors Report. The Auditors Certificate on complaince with the mandatory requirements of Corporate Governance is given in Annexure A to this Report. AUDITORS REPORT: With reference to the observations made by the Auditors in their report, the directors are to state that the notes submitted by the Board as contemplated under section 217(3) of the Companies Act, 1956; forming part of Company''s Accounts are self explanatory and therefore do not call for any further clarification. INFORMATION PURSUANT TO SECTION 217(1 )(E) OF THE COMPANIES ACT, 1956 As per sec-217(1)(e) of the Companies Act, 1956 read with the companies Disclosure of Particulars in the Report of Board of Directors Rules, 1988 the relevant data pertaining to Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and outgo are setout as hereunder; ACKNOWLEDGEMENTS: Your Directors wish to place on record their appreciation of the continued support rendered by the Shareholders, Bankers, Central & State Government Bodies, Business Constituents, Tea Research Association, Tea Board, Siliguri Tea Auction Committee, Terai Indian Planters Association and Indian Tea Planters Association. Place : Siliguri By Order of The Boad Date : 29th August, 2014 Sd. S. L. Agarwalla

Director’s Report