Home  »  Company  »  Aarcon Facilities  »  Quotes  »  Directors Report
Enter the first few characters of Company and click 'Go'

Directors Report of Aarcon Facilities Ltd.

Mar 31, 2014

Dear Members,

The Directors hereby present the 21st Annual Report together with the audited statement of account for the year ended on 31st March, 2014.

1. FINANCIAL RESULTS:

The financial Results for the year ended are as under:

Particulars Year ended Year ended 31-03-2014 31-03-2013

(Rs. In Lac)

Total Turnover and other income 3.72 154.08

Profit (Loss) before interest, depreciation and tax (4.06) 19.38

Interest 2.30 0.32

Depreciation 0.21 0.21

Profit (Loss) before tax (6.57) 18.85

Current Tax NIL 3.50

Deferred Tax Asset (2.07) (1.31)

Profit/ Loss after Tax (4.51) 16.66

Transfer to special reserve 0.00 3.77

Balance carried to Balance Sheet (4.51) 12.89

2. DIVIDEND:

Your Directors have not recommended any dividend for the year ended 31-03-2014.

3. PUBLIC DEPOSIT:

The company has not accepted any deposit U/S 58 A of the Companies Act, 1956 during the year under report.

4 REPORT ON CORPORATE GOVERNANCE:

Corporate governance report pursuant to clause-49 of the listing agreement entered with stock exchange is attached.

5. AUDITORS:

M/s. Amin Parikh & Co., Chartered Accountants, Auditors of the company retire at the ensuing Annual General Meeting and eligible for reappointment.

6. AUDITOR''S REPORT:

The observations of the auditors are explained whenever necessary, by way of appropriate notes to the account.

7. DIRECTOR''S RESPONSIBILITY STATEMENT: Your Board States that;

(i) In the preparation of the annual accounts for the year ended on 31st March 2014, the applicable accounting standards had been followed except interest income on loan given has not been added to other income as it is doubtful to recover and there had been no other material departures from the said standards.

(ii) The directors had 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 at 31st March, 2014 and of the profit of the company for the year ended on that day.

(iii) The directors had taken proper and sufficient care for the maintenance of adequate accounting statement 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 irregularities.

(iv) The directors had prepared the annual accounts for the year ended on 31st March 2014 on a going concern basis.

8. DIRECTORS:

The Company has received notice from member of the Company to appoint Mr. Rameshbhai Narshinhbhai Chauhan, Mr. Narendrakumar Chandubhai Patel and Mr. Kamal Bachubhai Pandya, Directors for their appointment as Independent Directors. The Board recommend to appoint them as Independent Directors.

9. SECRETARIAL COMPLIANCE CERTIFICATE:

Compliance certificate U/S 383(1A) of the Companies Act, 1956 obtained from practicing Company Secretary is attached herewith.

10. PARTICULARS OF EMPLOYEES:

Information in accordance with the provisions of section 217 (2A) of the Companies Act, 1956 read with the companies (Particulars of Employees) Rules, 1975 as amend regarding employees is NIL.

11. PARTICULARS REGARDING CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE INCOME AND OUTGO:

Information in accordance with the provisions of section 217 (1E) of the Companies Act, 1956 read with the companies (Disclosure of particulars in the report of the Board of Directors) Rules 1988 is NIL.

12. ACKNOWLEDGEMENT:

Your Directors Appreciate the Valuable co-operation and assistance received from the company''s Bankers, employees, customers and all those associated with the company during the year under review.

PLACE: VADODARA On Behalf of the Board DATED: 14.08.2014 BHARAT R. GUPTA Managing director


Mar 31, 2013

Dear Members,

The Directors hereby present the 20th Annual Report together with the audited statement of account for the year ended on 31st March, 2013.

FINANCIAL RESULTS:

The financial Results for the year ended are as under:

Particulars Year ended Year ended 31-03-2013 31-03-2012

(Rs. In Lac)

Total Turnover and other income 154.08 238.60

Profit (Loss) before interest, depreciation and tax. 19.38 13.50

Interest 0.32 0.00

Depreciation 0.21 0.21

Profit (Loss) before tax 18.85 13.29

Deferred Tax Asset (1.31) (13.32)

Profit/Loss After Tax 12.89 21.36

Transferto special reserve 3.77 2.66



2. DIVIDEND:

Your Directors have not recommended any dividend for the year ended 31-03-2013.

3. PUBLIC DEPOSIT:

The company has not accepted any deposit U/S 58 A of the Companies Act, 1956 during the year under report.

4. REPORT ON CORPORATE GOVERNANCE:

Pursuance to clause-49 of the listing agreement entered with stock exchange. A separate section on corporate government in the annual report of the company is attached tothe annual report.

5. AUDITORS:

M/s. Amin Parikh & Co., Chartered Accountants, Auditors of the company retire at the ensuing Annual General Meeting and eligible for reappointment.

5. AUDITOR''S REPORT:

The observations of the auditors are explained whenever necessary, by way of appropriate notes to the account.

7. DIRECTOR''S RESPONSIBILITY STATEMENT:

Four Board States that;

(i) In the preparation of the annual accounts for the year ended on 31st March 2013, the applicable accounting standards had been followed except interest income on loan given has not been added to other income as it is doubtful to recover and there had been no other material departures from the said standards.

(ii) The directors had selected such accounting policies and applied them consistently and made judgmentsand estimates that are reasonable and prudent so astogiveatrue and fairview of the state of affairs of the company as at 31st March, 2013 and of the profit of the company for the yearendedonthatday.

(iii) The directors had taken proper and sufficient care for the maintenance of adequate accounting statement 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 irregularities.

(iv) The directors had prepared the annual accounts for the year ended on 31st March 2013 on a going concern basis.

8. DIRECTORS:

Mr. Narendra Patel, Director retires by rotation at the ensuing annual general meeting of the company and being eligible offers herself for re-appointment.

9. SECRETARIAL COMPLIANCE CERTIFICATE:

Compliance certificate U/S 383(1A) of the Companies Act, 1956 obtained from practicing Company Secretary is attached herewith.

10. PARTICULARS OF EMPLOYEES:

Information in accordance with the provisions of section 217 (2A) of the Companies Act, 1956 read with the companies (Particulars of Employees) Rules, 1975 as amend regarding employees is NIL.

11. PARTICULARS REGARDING CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE INCOME AND OUTGO:

Information in accordance with the provisions of section 217 (IE) of the Companies Act, 1956 read with the companies (Disclosure of particulars in the report of the Board of Directors) Rules 1988 is nil.

12. ACKNOWLEDGEMENT:

Your Directors Appreciate the Valuable co-operation and assistance received from the company''s Bankers, employees, customers and all those associated with the company during the year under review.

PLACE: VADODARA On Behalf of the Board

DATED:23.05.2013 Sd/-

BHARAT R.GUPTA Managing director


Mar 31, 2012

Dear Members,

Your Directors hereby present the 19th Annual Report together with the audited statement of account for the year ended on 31st March, 2012.

1. FINANCIAL RESULTS:

The financial Results for the year ended are as under:

Particulars Year ended Year ended

2011-2012 2010-2011

(Rs. In Lac)

Total Turnover and other income 23.86 95.08

Profit (Loss) before interest, depreciation and tax. 13.51 2.37

Interest 0.02 0.03

Depreciation 0.21 0.21

Profit (Loss) before tax 13.29 2.13

Provision for fringe benefit tax 2.60 0.35

Add: Deferred Tax Asset 13.32 0.18

Profit/Loss After Tax 21.35 1.54

Transfer to special reserve 2.65 0.43

Balance carried to balance sheet. 30.81 9.46

2. DIVIDEND:

Your Directors have not recommended any dividend for the year ended 31-03-2012.

3. PUBLIC DEPOSIT:

The company has not accepted any deposit U/S 58 A of the Companies Act, 1956 during the year under report.

4. REPORTON CORPORATE GOVERNANCE:

Pursuance to clause-49 of the listing agreement entered with stock exchange. A separate section on corporate government in the annual report of the company is attach to the annual report.

5. AUDITORS:

M/s. Amin Parikh & Co., Chartered Accountants, Auditors of the company retire at the ensuing Annual General Meeting and eligible for reappointment.

6. AUDITOR'S REPORT:

The observations of the auditors are explained whenever necessary, by way of appropriate notes to the account.

7. DIRECTOR'S RESPONSIBILITY STATEMENT:

Your Board States that;

(i) In the preparation of the annual accounts for the year ended on 31st March 2012, the applicable accounting standards had been followed except interest income on loan given has not been added to other income as it is doubtful to recover and there had been no other material! departures from the said standards. {ii) The directors had 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 at 31st March, 2012 and of the profit of the company for the year ended on that day.

(Hi) The directors had taken proper and sufficient care for the maintenance of adequate accounting statement 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 irregularities.

(iv) The directors had prepared the annual accounts for the year ended on 31st March 2012 on a going concern basis.

8. DIRECTORS:

Mrs. Anupama Bharat Gupta, Director retires by rotation at the ensuing annual general meeting of the company and being eligible offers herself for re-appointment.

Mr. Kamal Pandya was appointed as additional director during the year. The Company has received notice under section 257 of the Companies Act,1956 proposing to appoint him as Director of the Company. Your Board recommends to appoint him as Director

9. SECRETARIAL COMPLIANCE CERTIFICATE:

Compliance certificate U/S 383(1A) of the Companies Act, 1956 obtained from practicing Company Secretary is attached herewith.

10. PARTICULARS OF EMPLOYEES:

Information in accordance with the provisions of section 217 (2A) of the Companies Act, 1956 read with the companies (Particulars of Employees) Rules, 1975 as amend regarding employees is nil.

11. PARTICULARS REGARDING CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE INCOME AND OUTGO:

Information in accordance with the provisions of section 217 (IE) of the Companies Act, 1956 read with the companies (Disclosure of particulars in the report of the board of directors) Rules 1988 is nil.

12. ACKNOWLEDGEMENT:

Your Directors Appreciate The Valuable co-operation and assistance received from the company's Bankers, employees, customers and all those associated with the company during the year under review.

PLACE: VADODARA On behalf of the board

3rd September, 2012

BHARATR. GUPTA Managing Director


Mar 31, 2011

Dear Members,

The Directors hereby present the 18th ANNUAL REPORT together with the Audited statement of the account for the year ended 31st March 2011.

(1) FINANCIAL RESULTS :

The financial results for the year ended are as under:

Year Ended Year Ended 2010-2011 2009-2010 (Rs. in Lac)

Total turnover and other income 95.08 10.36

Profit/Loss before Int., Dep. & Tax 2.37 0.56

Interest 0.03 0.05

Depreciation 0.21 0.20

Profit / Loss before Tax 2.13 0.30

Provision Fringe Benefit Tax 0.35 0.00

Add : Deferred Tax Assets 0.18 0.15

Profit/Loss after Tax 1.54 0.09

Transfer to special Reserve 0.43 0.06

Balance carried to Balance Sheet 9.46 7.92

(2) DIVIDEND:

Your Director''s do not recommend any dividend for the year.

(3) PUBLIC DEPOSIT:

The Company has not accepted any deposits u/s 58A of the Companies Act 1956 during the year under report.

(4) REPORT ON CORPORATE GOVERNANCE:-

Pursuance to clause-49 of the listing agreement entered with stock exchanges. A separate section on corporate Government in the annual report of the company is attached to the annual report.

(5) AUDITORS:

M/s. Amin Parikh & Co. Chartered Accountants, Auditors of the Company retire at the ensuing Annual General Meeting and are eligible for reappointment.

(6) AUDITORS'' REPORT :

The observation of the auditors are explained wherever necessary, by way of appropriate notes to the accounts.

(7) DIRECTORS'' RESPONSIBILITY :

Pursuant Section 217(2AA) of the Companies (Amendment) Act, 2000 the Directors confirm that:

(i) In the preparation of the Annual Accounts, the applicable standards have been followed.

(ii) Appropriate accounting policies been selected and applied consistently and have made judgment 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 at 31st March''2011 and of the Profit & Loss Account for the year ended on that day.

(iii) Proper and sufficient care has been take 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 irregularities.

(iv) The Annual Accounts have been prepared on a going concern basis.

(8) DIRECTORS:

Mr. Ramesh N. Chauhan, Director retires by rotations of the ensuing annual general meeting of the company and being eligible offers himself for re-appointment.

Mr. Narendra Chandubhai Patel was appointed as additional Independent Director during the year. He ceases to be director at the ensuing annual general meeting. The Company has received notice U/s. 257 of the companies Act, 1956 to appoint him as independent director.

(9) SECRETARIAL COMPLIANCE CERTIFICATE:

Secretarial compliance certificate as required under the provision of section 383 Al) of the companies Act, 1956 is annexed herewith.

(10) PARTICULARS OF EMPLOYEES:

Information in accordance with the provisions of section 217 (2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended regarding employees is nil.

(11) PARTICULARS REGARDING CONSERVATION OF ENERGY, TECHNOLOGY, ABSORPTION AND FOREIGN EXCHANGE AND OUT GO :

Information in accordance with the provision of section 217 (IE) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988 is Nil.

(12) ACKNOWLEDGEMENT:

Your Directors appreciate the valuable co-operation and assistance received from the Company''s Bankers, employees, customers and all those associated with the company during the year under review.

By order of the Board

Place : Vadodara Sd/-

Date : 28th July,2011 Director


Mar 31, 2010

The Directors hereby present the 17th ANNUAL REPORT together with the Audited statement of the account for the year ended 31st March2010.

(1) FINANCIAL RESULTS:

The financial results for the year ended are as under:

Year Ended Year Ended

(Rs. in Lac) 2009-2010 2008-2009

Total turnover and other income 10.63 10.36

Profit/Loss before Int., Dep. & Tax 0.56 1.73

Interest 0.05 0.51

Depreciation 0.20 0.20

Profit / Loss before Tax 0.30 1.01

Provision Fringe Benefit Tax 0.00 0.06

Add : Deferred Tax Assets 0.15 2.83

Profit / Loss after Tax 0.09 3.57

Transfer to special Reserve 0.06 0.20

Balance carried to Balance Sheet 36.42 36.33

(2) DIVIDEND:

Your Directors do not recommend any dividend for the year.

(3) PUBLIC DEPOSIT :

The Company has not accepted any deposits u/s 58A of the Companies Act 1956 during the year under report.

(4) Report on corporate Governance:-

Pursuance to clause-49 of the listing agreement entered with stock exchanges. A separate section on corporate Government in the annual report of the company is attached to the annual report.

(5) AUDITORS :

M/s. Amin Parikh & Co. Chartered Accountants, Auditors of the Company retire at the ensuing Annual General Meeting and are eligible for reappointment.

(6) AUDITORS REPORT:

The observation of the auditors are explained wherever necessary, by way of appropriate notes to the accounts.

(7) DIRECTORS RESPONSIBILITY :

Pursuant Section 217(2AA) of the Companies (Amendment) Act, 2000 the Directors confirm that:

(i) In the preparation of the Annual Accounts, the applicable standards have been followed.

(ii) Appropriate accounting policies been selected and applied consistently and have made judgment 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 at 31st March2010 and of the Profit & Loss Account for the year ended on that day.

(iii) Proper and sufficient care has been take 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 irregularities.

(iv) The Annual Accounts have been prepared on a going concern basis.

(8) DIRECTORS :

Mr. Ramesh N. Rohit, Director retires by rotations of the ensuing annual general meeting of the company and being eligible offers himself for re-appointment.

(9) Secretarial Compliance Certificate:

Secretarial compliance certificate as required under the provision of section 383 A1) of the companies Act, 1956 is annexed herewith.

(10) PARTICULARS OF EMPLOYEES:

Information in accordance with the provisions of section 217 (2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended regarding employees is nil.

(11) PARTICULARS REGARDING CONSERVATION OF ENERGY, TECHNOLOGY, ABSORPTION AND FORIEGN EXCHANGE AND OUT GO :

Information in accordance with the provision of section 217 (IE) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988 is Nil.

(12) ACKNOWLEDGEMENT :

Your Directors appreciate the valuable co-operation and assistance received from the Companys Bankers, employees, customers and all those associated with the company during the year under review.

By order of the Board of Directors

Place : Vadodara

Date : 15th July,2010

Chairman


Mar 31, 2009

The Directors hereby present the 16th ANNUAL REPORT together with the Audited statement of the account for the year ended 31st March2009.

(1) FINANCIAL RESULTS :

The financial results for the year ended are as under:

Year Ended Year Ended

(Rs. in Lac) 2008-2009 2007-2008

Total turn over and other income 10.36 62.56 Profit / Loss before Int., Dep. & Tax 1.73 1.33

Interest 0.51 1.05

Depreciation 0.20 0.20

Profit / Loss before Tax 1.01 0.08

Provision Fringe Benefit Tax 0.06 0.08

Add: Deferred Tax Assets 2.83 11.72

Profit / Loss after Tax 3.57 11.70

Transfer to special Reserve 0.20 0.02

Balance carried to Balance Sheet 36.33 32.76

(2) DIVIDEND:

Your Directors do not recommend any dividend for the year.

(3) PUBLIC DEPOSIT:

The Company has not accepted any deposits u/s 58A of the Companies Act 1956 during the year under report.

(4) Report on corporate Governance :-

Pursuance to clause-49 of the listing agreement entered with stock exchanges. A separate section on corporate Government in the annual report of the company is attached to the annual report.

(5) AUDITORS:

M/s. Amin Parikh & Co. Chartered Accountants, Auditors of the Company retire at the ensuing Annual General Meeting and are eligible for reappointment.

(6) AUDITORS REPORT:

The observation of the auditors are explained wherever necessary, by way of appropriate notes to the accounts.

(7) DIRECTORS RESPONSIBILITY :

Pursuant Section 217(2AA) of the Companies (Amendment) Act, 2000 the Directors confirm that:

(i) In the preparation of the Annual Accounts, the applicable standards have been followed.

(ii) Appropriate accounting policies been selected and applied consistently and have made judgment 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 at 31st March2009 and of the Profit & Loss Account for the year ended on that day.

(iii) Proper and sufficient care has been take 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 irregularities.

(iv) The Annual Accounts have been prepared on a going concern basis.

(8) DIRECTORS :

Mr. Rajendra M. Agrawal, Director has resigned as Director of the company for his personal reason. The Board appreciate the services rendered by him during his tenure as- Director.

Mr. Ramesh N. Rohit, Director retires by rotations of the ensuing annual general meeting of the company and being eligible offers himself for re-appointment.

(9) Secretarial Compliance Certificate :

Secretarial compliance certificate as required under the provision of section 383 A1) of the companies Act, 1956 is annexed herewith.

(10) PARTICULARS OF EMPLOYEES :

Information in accordance with the provisions of section 217 (2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended regarding employees is nil.

(11) PARTICULARS REGARDING CONSERVATION OF ENERGY, TECHNOLOGY, ABSORPTION AND FORIEGN EXCHANGE AND OUT GO :

Information in accordance with the provision of section 217 (1E) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988 is Nil.

(12) ACKNOWLEDGEMENT :

Your Directors appreciate the valuable co-operation and assistance received from the companys Bankers, employees, customers and all those associated with the company during the year under review.



By order of the Board

Place: Baroda

Date : 07-07-2009

Chairman

 
Subscribe now to get personal finance updates in your inbox!