you are here:

OneSource Ideas Ventures Ltd.

BSE: 530805 | NSE: | Series: NA | ISIN: INE125F01024 | SECTOR: Diamond Cutting & Jewellery & Precious Metals

BSE Live

Sep 27, 16:00
15.95 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
2,062
10-Day
1,035
30-Day
912
17
  • Prev. Close

    15.95

  • Open Price

    15.95

  • 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)

OneSource Ideas Ventures is not listed on NSE

Annual Report

For Year :
2014 2013 2012 2011 2010 2009 2008 2002

Director’s Report

The Directors hereby present the 14th Annual Report together with the Audited Accounts for the period ended 31st March 2008. FINANCIAL RESULTS The working of the Company during the year under review resulted in a Net Profit of Rs. 1,06,047.00 (previous year Rs. (-) 4,06,385/-) ABOUT THE INDUSTRY: There has been no change in the Industry. There is stiff competition in the trade. However, the Company could achieve a small profit. FUTURE PROSPECTS: The efforts of your Directors to improve profits of the company are on. DIRECTORS: Mr. Iyer Hariharan and Smt. Pramilla Hariharan, Directors retire at the ensuring Annual General Meeting and are eligible for re-appointment as Directors. No Director of the company is disqualified under section 274(1) (g) of the Companies Act, 1956, from being appointed as director of this company. AUDITORS: Mr. R. Gurubatham, Auditor of the company retires at the conclusion of the ensuing Annual General Meeting and is eligible for re-appointment. DEPOSITS The Company has not accepted any deposits within the meaning of section 58 A of the Companies Act, 1956 read with Reserve Bank of Indias Directions for acceptance of Deposits by Non-Banking Non-Financial Companies. STATUTORY INFORMATION: None of the employees of the company are drawing remuneration in excess of the limits prescribed under section 217(2A) of the Companies Act, 1956, during the year under report. DIRECTORS RESPONSIBILITY STATEMENT Your Directors in terms of Section 217(2AA) of the Companies Act, 1956 confirm that: i) All applicable accounting standards have been followed in the preparation of the annual accounts. ii) Your 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 as of 31st March 2008 and of the profit of the company for the 12 months period ended that date. iii) Proper and Sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities, iv) The annual accounts have been prepared on going concern basis as stated in Note 21 of Notes on accounts. CONSERVATION OF ENERGY; RESEARCH & DEVELOPMENT: The information required under Section 217 (2) (e) is not applicable since the operations of the Company are not energy incentive. No foreign Exchange was involved during the year under report. CASH FLOW STATEMENT AS PER LISTING AGREEMENT. Cash Flow Statement is enclosed. ACKNOWLEDGEMENT Your Directors wish to express their full appreciation for the assistance and co-operation extended to us by its banker, Indian Overseas Bank. Your Directors wish to thank the esteemed shareholders for extending their unstinted co-operation and support in the Management of the Company. The Directors also wish to thank all the employees for their support and co-operation. By Order of the Board. Place : Coimbatore Date : 25.08.2008 Anand Loganathan Chairman of the Meeting

Director’s Report