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Stellant Securities (India) Ltd.

BSE: 526071 | NSE: | Series: NA | ISIN: INE395F01023 | SECTOR: Finance - Investments

BSE Live

Jun 04, 16:00
5.70 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
7
10-Day
4
30-Day
123
31
  • Prev. Close

    5.70

  • Open Price

    5.70

  • Bid Price (Qty.)

    5.70 (19)

  • Offer Price (Qty.)

    0.00 (0)

Stellant Securities (India) is not traded on BSE in the last 30 days

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)

Stellant Securities (India) is not listed on NSE

Annual Report

For Year :
2013 2012 2010 2009 2008 2006

Director’s Report

To the Members, The Directors hereby present their Twenty Second Annual Report and the Audited Accounts for the year ended 31st March, 2013. FINANCIAL RESULTS: (Amount in Rupees) Year ended Year ended 31-03-2013 31-03-2012 Sales and Other Income 35,337,162 379,311,278 Profit before Depreciation and Tax (659,973) (6,217,837) Less: Depreciation 14,789 14,789 Profit/(Loss) before Tax (674,762) (6,232,626) Less: Provision for Taxation Profit/(Loss) After Tax (674,762) (6,232,626) Balance Brought Forward (22,313,793) (16,081,167) Balance carried over (22,988,555) (22,313,793) OPERATIONS: Turnover of the Company during the year under consideration was Rs. 3.45 crores as against Rs. 37.93 crores previous year. The Company has incurred net loss after tax, of Rs. 6.74 lacs for the year under consideration as compared to net loss after tax of Rs. 62.32 lacs in the previous year. DIVIDEND: In view of the losses incurred, your Directors do hot recommend any dividend for the year under review. FIXED DEPOSITS: The Company has neither invited nor accepted any deposits from public during the year under review under the Companies (Acceptance of Deposit) Rules, 1975 read with Section 58 A of the Companies Act, 1956. INDUSTRIAL RELATIONS: The Company has been continuously attempting to improve employee skills and productivity. Industrial relations generally remained cordial and satisfactory. PARTICULARS OF EMPLOYEES: Information in accordance with the provisions of Section 217 (2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) (Amendment) Rules, 1975 as amended, is not applicable as none of the employees is entitled to a remuneration of Rs. 60 lacs or more per year or Rs. 5 lacs or more per month. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING AND OUTGO: Provisions of Section 217(l)(e) read with the Companies (Disclosure of particulars in report of the Board of Directors) Rule, 1988 are not applicable to the Company. AUDITORS: Auditors, M/s. P. R. Agarwal & Awasthi, Chartered Accountants, retire and offer themselves for re-appointment. AUDITORS'' REPORT: As regard Auditors'' remark on non-payment of Income Tax liability, the Directors wish to clarify that the same could not be paid due to paucity of funds and the Company is making efforts to clear the same. SECRETARIAL COMPLIANCE CERTIFICATE: The Compliance Certificate received from a Practicing Company Secretary in accordance with the provisions of section 3 83A (1) of the Act read with the Companies (Compliance Certificate) Rules 2001 is being attached to the Directors'' Report. DIRECTORS'' RESPONSD3ILITY STATEMENT: As required under Section 217 (2AA) of the Companies Act, 1956, your Directors confirm that: (a) in the preparation of the annual accounts, the applicable accounting standards have been followed; (b) appropriate accounting policies have been selected and applied consistently and that judgments and estimates made are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at March 31, 2013 and of its loss for the year ended on that date; (c) 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. (d) the annual accounts have been prepared on a going concern basis. ACKNOWLEDGEMENT: Your directors would like to place on record their gratitude for the continuous support - and co-operation received from the, bankers, creditors and Government authorities. The Directors place on record their appreciation of the contribution made by the employees and the management. FOR AND ON BEHALF OF THE BOARD, STELLANT SECURITIES (INDIA) LTD. (Formerly SELLAIDS PUBLICATIONS (INDIA) LTD.) Place: Mumbai (Mangala Rathod) (Bhavesh Bafna) Dated: 30th May 2013 Director Director

Director’s Report