The Directors of your Company are pleased to present the Audited
Financial Statements of the Company for the financial year ended on
31 March, 20.
The financial Results of the Company are summarized below:
As at 31st As at 31st
March 2014 March 2014
Profit (Loss) before Tax (5,16,917) (5,27,725)
Provision for Tax - -
Deferred Tax Saving/ (Expense) - -
profit (LOSS) after Tax (5,16,917) (5,27,725)
During the period company incurred loss of Rs.5,16,917 primarily become
of no operation.Effort are being made to lnitiate business activity
during the current year.
As the company incurred loss during the year, no dividend is proposed
to be declared.
Mrs. Shiwani Singh, Director of the Company, who is liable to retire by
rotation at the ensuing Annual General Meeting of the Company and being
eligible offer himself for reappointment.
The Company has not accepted any fixed deposits from the Shareholders/
public during the year under review within the meaning of Section 58A
of the Companies Act, 1956.
M/s Nidhi Bansal & Co., Statutory Auditors of the Company will retire
at the ensuing Annual General Meeting and being eligible for
re-appointment, you are requested to approve their re-appoint as
statutory Auditors and to fix their remuneration at the forthcoming
Annual General Meeting.
Clause 49 of the Listing Agreement relating to Corporate Governance
does not apply to the Company. -
The Auditors'' Report along with Notes on Accounts are Self-explanatory
and therefore, do not call for any further comments or explanation.
Directors'' Responsibility Statements
Pursuant to the requirement of Section 217(2AA) of the Companies Act,
1956 with respect to Directors'' Responsibility Statements, it is hereby
i) that in preparation of the Annual Accounts for the financial year
ended 31st March, 2014, the applicable accounting standards had been
followed along with proper explanation relating to material departures;
ii) that the directors had selected such accounting policies and
applied them consistently and made judgments and estimates that were
reasonable and prudent so as to give a true and fair view of the state
of affairs of your Company at the end of the financial year and of the
profit of your Company for that period,
iii) that the directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of the Companies Act, 1956 for safeguarding the assets of
the Company and for preventing and detecting fraud and other
iv) that the directors had prepared the Annual Accounts for the
financial year ended 31st March, 2014 on a going concern basis.
Energy Conservation. Technology Absorption. Foreign Exchange Earning
Information on conservation of energy, technology absorption, foreign
exchange earning and outgo required to be given pursuant to Section
217(1 )(e) of the Companies Act, 1956, read with the Companies
(Disclosures of particulars in the Report of the Board of Directors)
Rules 1988 is mentioned below:
i) Conservation of Energy
Being Finance & Investment Company, this clause is not applicable for
ii) Technology Absorption
The prescribed Form-B is not applicable to the Company.
Employee''s relations continue to be cordial during the year.
The Directors wish to record their sincere gratitude for our valued
Business associates for the continuous co-operation, support and
assistance extended by them. We place on record our appreciation of the
commitment, dedication and hard work put in by employees of the
Company. We also thank our members for the continued support received
By Order of the Board
For Multipurpose Trading and Agencies Ltd.
Place: New Delhi
r/o B-1, Kalindi