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Chartered Logistics Ltd.

BSE: 531977 | NSE: | Series: NA | ISIN: INE558F01026 | SECTOR: Transport & Logistics

BSE Live

Oct 27, 16:00
14.61 0.69 (4.96%)
Volume
AVERAGE VOLUME
5-Day
1,149,752
10-Day
1,039,465
30-Day
396,922
418,685
  • Prev. Close

    13.92

  • Open Price

    14.61

  • Bid Price (Qty.)

    14.61 (66992)

  • 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

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  • Bid Price (Qty.)

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  • Offer Price (Qty.)

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Chartered Logistics is not listed on NSE

Annual Report

For Year :
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Director’s Report

ANNUAL REPORT 2005-2006 DIRECTOR'S REPORT To, The Shareholders, CHARTERED CARRIERS LIMITED Yours Directors are pleased to present the Annual Report together with the Audited Accounts of the Company for the year ended March 31st, 2006. FINANCIAL RESULTS: The Financial results for the year ended March 31st, 2006 are summarized as under: Rs. in lacs 31/03/2006 31/03/2005 Total Income 4589.05 3387.26 Profit/(Loss) before depreciation and taxes 162.16 122.73 Less: Depreciation 93.18 96.46 Less: Provision for taxes 19.90 10.56 Less: Deferred Tax Credit 0.31 2.95 Less: Fringe Benefit Tax 2.12 0.00 Less: Current Tax 0.51 0.00 Excess (Short) Income Tax Provision in earlier 0.10 0.00 year Profit (Loss) After Tax 46.24 12.76 DIVIDEND: In view of the results, the Board of Directors is unable to recommend any dividend for the year 2005-2006. OPERATION: The company had good year in terms of turnover as well as profit during the year, its gross income increased to Rs.4589.05 lacs as against Rs.3387.26 lacs in previous year. During the year company has reported Net Profit of Rs.46.24 lacs as against Net Profit of Rs.12.76 lacs in the previous year. FUTURE OUTLOOK: The Company expects that market condition will improve in the coming year and perform reasonably well. STOCK EXCHANGES: The company's shares are listed on Ahmedabad and Mumbai Stock Exchanges, the company has paid necessary listing fees for the year 2006-2007. DIRECTORS: In accordance with the provisions of the Companies Act, 1956 and the Articles of Association of the company. Mr. Mangilal Bohra and Mrs. Nisha Kalyan retires by rotation and being eligible, offers themselves for reappointment. DIRECTORS' RESPONSIBILITY STATEMENT: In terms of Section 217(2AA) of the Companies Act, 1956 the Directors would be state that: 1. In the preparation of the Annual Accounts, the applicable accounting standards have been followed alongwith proper explanation relating to material departures; 2. The Directors have selected such accounting policies and applied them consistently and made judgments 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 the period; 3. The Directors have taken proper and sufficient care for the maintenance of of accounting records in accordance with the provisions of this Act for safeguards in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting frauds and other irregularities; and 4. The Directors have prepared the Annual Accounts on a going concern basis. DEPOSITS: During the year Company has not accepted any deposits under Section 58-A the Companies Act, 1956. PARTICULARS REQUIRED TO BE FURNISHED BY THE COMPANIES DISCLOSURE OF PARTICULARS IN THE REPORT OF THE BOARD OF DIRECTORS) RULES, 1988: The Company has no activities relating to conservation of energy or technology absorption. There has been no foreign exchange earning or outgo during the year under review. PARTICULARS OF EMPLOYEES COVERED UNDER THE (PARTICULARS OF EMPLOYEES) RULES, 1975: The company does not have any employee in the category as specified under Section 217(2A) of the Companies Act, 1956. AUDITORS AND AUDITORS' REPORT: M/s. Raman M. Jain & Co., Chartered Accountants, retire as auditors of the company at the ensuing Annual General Meeting and are eligible for re- appointment. The notes to the accounts referred to in the Auditors Reports are self explanatory, and therefore do not call for any further comments. ACKNOWLEDGEMENTS: Your Directors record their appreciation for the valuable services rendered by all the employees of the company, their gratitude to the Banks and to the Members of the Company for their support. For and on behalf of Board of Directors Place: Ahmedabad Gyanchand Gandhi Date : September 1, 2006 Chairman

Director’s Report