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Chartered Logistics Ltd.

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

BSE Live

Nov 29, 10:33
12.35 -0.60 (-4.63%)
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AVERAGE VOLUME
5-Day
210,357
10-Day
604,331
30-Day
891,682
1,280,843
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    12.95

  • Open Price

    12.35

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    12.35 (791596)

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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Chartered Logistics is not listed on NSE

Annual Report

For Year :
2018 2016 2015 2014 2013 2012 2011 2010 2009

Director’s Report

The Directors are pleased to present the 13th Annual Report together with the Audited Accounts of the Company for the year ended March 31st, 2008. FINANCIAL RESULTS The Financial results for the year ended March 31st, 2008 are summarized as under: (Rs. in lacs) 31/03/2008 31/03/2007 Total Income 10659.63 7668.70 Profit (Loss) before Interest, depreciation and taxes 729.48 462.72 Less : Interest & Finance Charges 178.96 103.26 Less : Depreciation 270.65 216.42 Profit Before Tax 279.86 143.04 Less : Payment/ Provision for tax and FBT 76.41 15.93 Less: Deferred Tax Credit 8.92 26.39 Profit (Loss) After Tax 194.54 100.72 Excess/(Short) Provision of earlier year 0.70 0.00 Net Profit for the year 195.24 100.72 DIVIDEND In view of the results, the Board of Directors is unable to recommend any dividend for the year 2007-2008. OPERATION The company had good year in terms of turnover as well as profit during the year, its Total income increased to Rs. 10659.63 lacs as against Rs. 7668.70 lacs in previous year. During the year company has reported Net Profit of Rs. 195.24 lacs as against Net Profit of Rs. 100.72 lacs in the previous year. FUTURE OUTLLOK The Company expects that market condition will improve in the coming year and perform reasonably well. STOCK EXCHANGES The companys shares are listed on Mumbai (BSE) and Ahmedabad (ASE) Stock Exchanges; the company has paid necessary listing fees for the year 2008-2009 DIRECTORS During the year Mr. Ajay C Shah, Mr. Pankaj Gandhi and Mr. Sandeep M Shah were appointed as additional Directors by the Board under section 260 of the companies Act 1956. They holds the office upto the date of ensuing Annual General Meeting of the Company and are eligible for re-appointment as directors of the Company. The Company has received notices under section 257 of the Companies Act 1956 proposing their candidatures for appointment as directors of the company, subject to retire by rotation. In accordance with the provisions of the Companies Act, 1956 and the Articles of Association of the company, Mr. Mangilal Bohra and Mr. Kishore Gandhi retires by rotation and being eligible, offers himself for re-appointment. DIRECTORSRESPONSIBILITY STATEMENT In terms of Section 217 (2AA) of the Companies Act, 1956 the Directors would like to 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 adequate 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; 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 of 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 AUDITORSREPORT M/s Raman M Jain & Co., Chartered Accountants, retires 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 Lalit Kumar Gandhi Nisha Kalyan Date : September 4, 2008 Managing Director Whole Time Director

Director’s Report