The Directors have pleasure in presenting the 34th ANNUAL REPORT, for
the year ended 31st March, 2015.
I. FINANCIAL RESULTS :
PARTICULARS CURRENT PREVIOUS YEAR
Income from Operations 3784036.00 2534460.00
Other Income - -
Less: Total Expenditure 3744802.00 2461218.00
Profit / (Loss) Before Tax 39234.00 73242.00
Less : Taxation - -
Current Tax 7500.00 -
Mat Entitlement Credit - -
Profit / (Loss) After Taxation 31734.00 73242.00
Balance Carried to Balance Sheet 31734.00 73242.00
II. GENERAL REVIEW OF OPERATIONS :
The Indian Economy during the year displayed distinct signs of strong
long term growth. The Company could not carry out manufacturing &
Trading activity during the year under review. However the Company has
achieved a post tax profit of Rs. 31734.00 as compared Profit of Rs.
73242.00 in previous year.
III. DIVIDEND :
In order to conserve the resources of the board of directors are unable
to declare any dividend.
Mr. Bhavesh Vora Director of the company retire by rotation and being
offer eligible offer themselves for re-appointment.
V. SECRETARIAL AUDIT REPORT:
The Company has obtained Compliance Certificate from a Company
Secretary in whole time practice pursuant to section 383A of the
Companies Act, 1956 and is form part of the Balance Sheet.
M/s. Sanjay N Shah & Co., Chartered Associates, the retiring Auditors
have expressed their willingness to be re-appointed. It has been
proposed to reappoint M/s. Sanjay N Shah & Co; Chartered Accountants as
Auditors of the Company. The Company has received a Certificate from
them that they are qualified under Section 224 (1) of the Companies
Act, 1956 for appointment as Auditors of the Company. Members are
requested to consider their appointment at a remuneration to be decided
by the Board of Directors for the financial year ending March 31, 2015
as set out in the Notice convening the Meeting.
VII. AUDITORS REMARKS:
The remarks of the auditors are self-explanatory in nature and need no
VIII. STATUTORY INFORMATION:
The Company had no employees, drawing remuneration in excess of the
limits laid out under Section 217(2A) of the Companies Act, 1956, read
with the Companies (Particulars of Employees) Rules, 1975.
IX. CORPORATE GOVERNANCE:
As required under the Listing Agreement with The Culcutta Stock
Exchange Limited, a report on Corporate Governance is given in Annexure
A to this Report
X. ENERGY CONSERVATION:
Since the company has done trading activity during the year, the
provisions of energy conservation are not applicable during the year.
XI. DIRECTORS'' RESPONSIBILITY STATEMENT:
Pursuant to Section 217(2AA) of the Companies Act, 1956, your Directors
subscribe to the ''Directors Responsibility Statement'' and confirm
- In the preparation of the annual accounts, the applicable accounting
standards have been followed, along with proper explanation relating to
- 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 that period.
- The Directors have taken proper and sufficient care of the
maintenance of adequate accounting records in accordance with the
provisions of this Act, for safeguarding the assets of the Company and
for preventing and detecting fraud and other irregularities.
- The Directors have prepared the annual accounts on a going concern
Your Directors wish to thank the Company''s bankers and all other
associates, for their co-operation and support during the year.
For and on behalf of Board of Directors
Mrs. Disha Mehta
Chairman & Managing Director
Place : Kolkata
Date : 30th May, 2015