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

Directors Report of Ambitious Plastomac Company Ltd.

Mar 31, 2013

Dear Members,

The Directors have pleasure in presenting the Annual Report together with the Audited Statement of Accounts for the year ended 31 st March, 2013.

FINANCIAL RESULTS:

The summarized financial results for the year ended 31st March, 2013 are as under;

(Rs.in Lacs)

Particulars 2012-2013 2011-2012

Total Income 40.06 54.96

Total Expenditure 85.39 56.18

Profit / Loss before Depreciation, (45.33) (1.22) Extra Ordinary Items & Taxation

Depreciation Nil Nil

Extra Ordinary items 140.44 Nil

Provision for taxation Nil Nil

Profit / Loss after Tax (185.77) (1.22)

DIRECTORS :

Mr Dilip B. Sheth, Director of the Company retires by rotation at this annual generai meeting and being eligible, offer himself for reappointment. The Board of Directors recommends his reappointment

Board of Directors of the company has appointed Mr. Hardik K. Patel as additional director w.e.f. 01.03.2013 Board of Directors of the company has also appointed Mr, Pinkal R Patel as additional director of the company w.e.f. 24.04.2013. Accordingly they hold office upto the ensuing annual general meeting. Company has received notices from shareholders in writing proposing both these additional Director''s candidature for the office of the Directors. Board recommends their appointment as Director of the Company.

Mr. Dinkar Shrimali, Director of the company has resigned from the post of Directorship of the Company w.e.f. 01.03.2013.

DIVIDEND :

The director do not recommend dividend for the year

FIXED DEPOSITS:

The company has not accepted the public deposits during the year under report.

AUDITORS :

Vishves A. Shah & Co., Auditors of the Company retires at the conclusion of this Annual General Meeting and being eligible, are recommended for reappointment.

AUDITORS REPORT:

The Auditors report is self-explanatory and so far, there is no negative remark by the Auditors.

DIRECTORS RESPONSIBILITY STATEMENT :

Pursuant to the requirement under section 217 (2AA) of the Companies Amendment Act, 2000 with respect to Director Responsibility Statement it is hereby confirmed:

1. That in the preparation of the annual accounts for the financial year ended 31st March, 2013 the applicable accounting standards had been followed along with proper explanation relating to material departures.

2. 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 the Company at the end of the financial year and of the profit of loss of the Company for the year under review.

3. That the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provision of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

4. That the directors had prepared the accounts for the financial year ended 31st March, 2013 on a going concern basis.

CORPORATE GOVERNANCE :

As per Clause 49 of the Listing Agreement with the Stock Exchanges, a separate section on Corporate Governance together with a certificate from the Company''s Auditors confirming compliance there to is set out in the Annexure forming part of this report.

LISTING:

The shares of the Company are listed on Ahmedabad and Bombay Stock Exchange Limited.

MANAGEMENT DISCUSSION & ANALYSIS:

The Management Discussion and Analysis Report is attached herewith and forms part of the Director Report.

PARTICULARS OF THE EMPLOYEES :

The Company has no employee to whom the provision of Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 apply and so it is not applicable to the company.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUT GO :

The additional information required under Section 217(1)(e) of the Companies Act, 1956 relating to Conservation of energy, technology absorption and foreign exchange earnings or outgoes is not required as the company has not do such type activities.

ACKNOWLEDGMENT:

The Directors wish to thank and deeply acknowledge the cooperation and assistance received from the Bankers, Suppliers and shareholders. The Director also wishes to place on record their appreciation of the devoted services of employees of the Company.

DATE : 30.05.2013 FOR AND ON BEHALF OF THE PLACE: MUMBAI BOARD OF DIRECTORS,

SD/- CHAIRMAN


Mar 31, 2012

To, The Members of Ambitious Plastomac Company Ltd.

The Directors have pleasure in presenting the Annual Report together with the Audited Statement of Accounts for the year ended 31st March, 2012

FINANCIAL RESULTS:

The summarized financial results for the year ended 31st March, 2012 are as under: (Rs. in Lacs)

Particulars 2011-2012 2010-2011

Total Income 54.96 204.39

Total Expenditure 56.18 198.08

Profit / Loss before Depreciation & Taxation (1.22) 6.31

Depreciation Nil 6.72

Provision for taxation Nil Nil

Profit / Loss after Tax (1.22) (0.41)



DIRECTORS :

Mr. Alpesh Gupta, Director of the Company retires by rotation at this annual general meeting and being eligible, offer himself for reappointment. The Board of Directors recommends his reappointment.

Mr. Nayan B. Sheth, Director of the company has resigned from the post of Directorship of the Company w.e.f. 26.11.2011.

DIVIDEND :

Your director do not recommend dividend for the year.

FIXED DEPOSITS:

The company has not accepted the public deposits during the year under report.

AUDITORS :

Vishves A. Shah & Co., Auditors of the Company retires at the conclusion of this Annual General Meeting and being eligible, are recommended for reappointment.

AUDITORS REPORT:

The Auditors report is self-explanatory and so far, there is no negative remark by the Auditors.

DIRECTORS RESPONSIBILITY STATEMENT :

Pursuant to the requirement under section 217 (2AA) of the Companies Amendment Act, 2000 with respect to Director Responsibility Statement it is hereby confirmed:

1. That in the preparation of the annual accounts for the financial year ended 31st March, 2012 the applicable accounting standards had been followed along with proper explanation relating to material departures.

2. 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 the Company at the end of the financial year and of the profit of loss of the Company for the year under review.

3. That the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provision of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

4. That the directors had prepared the accounts for the financial year ended 31st March, 2012 on a going concern basis.

CORPORATE GOVERNANCE :

As per Clause 49 of the Listing Agreement with the Stock Exchanges, a separate section on Corporate Governance together with a certificate from the Company''s Auditors confirming compliance there to is set out in the Annexure forming part of this report.

LISTING:

The shares of the Company are listed on Ahmedabad and Bombay Stock Exchange Limited. Directors are pleased to inform that suspension in trading of shares of the company with Bombay Stock Exchange Limited has been revoked during the year and Trading in the Shares of the Company has been started on BSE w.e.f. 17th October 2011.

MANAGEMENT DISCUSSION & ANALYSIS:

The Management Discussion and Analysis Report is attached herewith and forms part of the Director Report.

PARTICULARS OF THE EMPLOYEES :

The Company has no employee to whom the provision of Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 apply and so it is not applicable to the company.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUT GO :

The additional information required under Section 217(1)(e) of the Companies Act, 1956 relating to Conservation of energy, technology absorption and foreign exchange earnings or outgoes is not required as the company has not do such type activities.

ACKNOWLEDGMENT :

The Directors wish to thank and deeply acknowledge the cooperation and assistance received from the Bankers, Suppliers and shareholders. The Director also wishes to place on record their appreciation of the devoted services of employees of the Company.

DATE : 25.06.2012 FOR AND ON BEHALF OF THE

PLACE: MUMBAI BOARD OF DIRECTORS,

SD/-

CHAIRMAN


Mar 31, 2011

To The Members of Ambitious Plastomac Co. Ltd.

The Directors have pleasure in presenting the Annual Report together with the Audited Statement of Accounts for the year ended 31st March, 2011

FINANCIAL RESULTS:

The summarized financial results for the year ended 31st March, 2011 are as under:

(Rs. in Lacs)

Particulars 2010-2011 2009-2010 1. Profit/Loss before Interest, Depreciation and Tax 6.32 7.77

2. Interest

3. Depreciation 6.72 6.72

4. Profit (Loss) Before Tax (0.40) 1.05

5. Provision for taxation

6. Profit (loss) after Tax (0.40) 1.05

DIRECTORS :

Mr. Dilip Sheth and Mr. Nayan Sheth, Directors of the Company retires by rotation at this annual general meeting and being eligible, offer themselves for reappointment. The board of directors recommends the appointment of the directors.

Mr. Girish Mehta ceased to be a Director due to death.

DIVIDEND :

Your director do not recommend dividend for the year.

FIXED DEPOSITS:

The company has not accepted the fixed deposits during the year under report.

AUDITORS :

Vishves A. Shah & Co., Auditors of the Company retires at the conclusion of this Annual General Meeting and being eligible, are recommended for reappointment.

AUDITORS REPORT:

The Auditors report is self-explanatory and so far, there is no negative remark by the Auditors.

DIRECTORS RESPONSIBILITY STATEMENT :

Pursuant to the requirement under section 217 (2AA) of the Companies Amendment Act, 2000 with respect to Director Responsibility Statement it is hereby confirmed:

1. That in the preparation of the annual accounts for the financial year ended 31st March, 2011 the applicable accounting standards had been followed along with proper explanation relating to material departures.

2. 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 the Company at the end of the financial year and of the profit of loss of the Company for the year under review.

3. That the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provision of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

4. That the directors had prepared the accounts for the financial year ended 31st March, 2011 on a going concern basis.

CORPORATE GOVERNANCE :

As per Clause 49 of the Listing Agreement with the Stock Exchanges, a separate section on Corporate Governance together with a certificate from the Company''s Auditors confirming compliance there to is set out in the Annexure forming part of this report.

LISTING:

The shares of the Company are listed on Ahmedabad and Bombay Stock Exchange Limited.

PARTICULARS OF THE EMPLOYEES :

The Company has no employee to whom the provision of Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 apply and so it is not applicable to the company.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUT GO :

The additional information required under Section 217(1)(e) of the Companies Act, 1956 relating to Conservation of energy, technology absorption and foreign exchange earnings or outgoes is not required as the company has not do such type activities.

ACKNOWLEDGMENT :

The Directors wish to thank and deeply acknowledge the cooperation and assistance received from the Bankers, Suppliers and shareholders. The Director also wishes to place on record their appreciation of the devoted services of employees of the Company.

DATE : 18.08.2011 FOR AND ON BEHALF OF THE

PLACE: AHMEDABAD BOARD OF DIRECTORS,

SD/-

CHAIRMAN


Mar 31, 2008

The Directors have pleasure in presenting the Annual Report together with the Audited Statement of Accounts for the year ended 31st March, 2008

FINANCIAL RESULTS:

The summarized financial results for the year ended 31st March, 2008 are as under:

(Rs. in Lacs)

Particulars 2007-2008 2006-2007

1. Profit/Loss before Interest, Depreciation and Tax (1.78) (77.97)

2. Interest

3. Depreciation 6.72 6.72

4. Profit (Loss) Before Tax (8.50) (84.69)

5. Provision for taxation

6. Profit (loss) after Tax (8.50) (84.69)

DIRECTORS :

Mr. Dinkar Shrimali and Mr. Girish Mehta, Directors of the Company retires by rotation at this annual general meeting and being eligible, offer themselves for reappointment. The board of directors recommends the appointment of the directors.

DIVIDEND :

Your director do not recommend dividend for the year.

FIXED DEPOSITS:

The company has not accepted the fixed deposits during the year under report.

AUDITORS :

Vishves A. Shah & Co., Auditors of the Company retires at the conclusion of this Annual General Meeting and being eligible, are recommended for reappointment.

AUDITORS REPORT:

The Auditors report is self-explanatory and so far, there is no negative remark by the Auditors.

DIRECTORS RESPONSIBILITY STATEMENT :

Pursuant to the requirement under section 217 (2AA) of the Companies Amendment Act, 2000 with respect to Director Responsibility Statement it is hereby confirmed:

1. That in the preparation of the annual accounts for the financial year ended 31st March, 2008 the applicable accounting standards had been followed along with proper explanation relating to material departures.

2. 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 the Company at the end of the financial year and of the profit of loss of the Company for the year under review.

3. That the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provision of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

4. That the directors had prepared the accounts for the financial year ended 31st March, 2008 on a going concern basis.

CORPORATE GOVERNANCE :

As per Clause 49 of the Listing Agreement with the Stock Exchanges, a separate section on Corporate Governance together with a certificate from the Company''s Auditors confirming compliance there to is set out in the Annexure forming part of this report.

LISTING:

The shares of the Company are listed on Ahmedabad and Bombay Stock Exchange Limited. However the trading of the shares of company was suspended.

PARTICULARS OF THE EMPLOYEES :

The Company has no employee to whom the provision of Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 apply and so it is not applicable to the company.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUT GO :

The additional information required under Section 217(1)(e) of the Companies Act, 1956 relating to Conservation of energy, technology absorption and foreign exchange earnings or outgoes is not required as the company has not do such type activities.

ACKNOWLEDGMENT :

The Directors wish to thank and deeply acknowledge the cooperation and assistance received from the Bankers, Suppliers and shareholders. The Director also wishes to place on record their appreciation of the devoted services of employees of the Company.

DATE : 28.08.2008 FOR AND ON BEHALF OF THE

PLACE: AHMEDABAD BOARD OF DIRECTORS,

SD/-

CHAIRMAN

 
Subscribe now to get personal finance updates in your inbox!