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Directors Report of Antariksh Industries Ltd.

Mar 31, 2014

Dear Members,

The Directors have pleasure in presenting their Annual Report together with the Audited Annual Accounts of the Company for the year ended 31st March, 2014.

WORKING :

During the year under review, the Company has incurred Loss of Rs.. 35,415/- (Previous Year Profit of Rs. 8,666/-).

FINANCIAL PERFORMANCE :

Year Ended Year Ended PARTICULARS 31.03.2014 31.03.2013 (In Rupees) (In Rupees)

Profit / (Loss ) before tax (35,415) 8,666

Less: Provision for taxation - 2,700

Profit after tax (35415) 5,966

Add: Balance Brought Forward 17,68,037 17,58,555

Add : Excess / (Short) Provision of Income tax - 3,516

Balance c/fd to Balance Sheet 17,32,622 17,68,037

DIVIDEND :

Your Directors do not recommend any dividend for the year under review.

DIRECTORS:

Mr. Prashant Vaidya, Director of the Company retires by rotation at the ensuing Annual General Meeting, and being eligible, offers himself for re-appointment at the ensuing Annual General Meeting.

DIRECTORS RESPONSIBILITY STATEMENT :

As stipulated in Section 217(2AA) of the Companies Act, 1956, your Directors subscribe to the Directors'' Responsibility Statement and confirm as under :

1. that in the preparation of the annual accounts, the applicable accounting standards have been followed;

2. that the 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 at the end of the aforesaid financial year and of the Loss of the Company for that period;

3. that the directors have 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 irregularities;

4. that the directors have prepared the annual accounts on a going concern basis.

INFORMATION REQUIRED AS PER LISTING AGREEMENT :

1. The shares of the Company are listed at The Stock Exchange, Phiroz Jeezeebhoy Towers, Dalal Street, Mumbai - 400001 and the annual listing fees for the year 2014-15 has already been paid on 25th April, 2014.

2. Clause 49 of the Listing Agreement regarding Corporate Governance is not applicable to the Company.

AUDITORS :

M/s. S. Jain Bohra & Company, Chartered Accountants, the Auditors of the Company, retire at the conclusion of the ensuing Annual General Meeting and being eligible, have offered themselves for re-appointment. They have further confirmed that the said appointment if made, would be in conformity with the provisions of Section 224(1B) of the Companies Act, 1956.

AUDITORS REPORT :

The observations made in the Auditors'' Report are self-explanatory and therefore do not call for any further comments.

FIXED DEPOSITS :

The Company has neither invited nor accepted any fixed deposit from the public or from its shareholders during the year under review.

INFORMATION PURSUANT TO SECTION 217(2A) OF THE COMPANIES ACT, 1956 :

The Company has not paid any remuneration attracting the provisions of Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975 during the year under review.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO :

Since the Company did not carry on any manufacturing activity, the requirements of Section 217(1)(e) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988 regarding conservation of energy and technology absorption are not applicable. There were no foreign exchange earnings and outgo during the year under review.

FOR & ON BEHALF OF THE BOARD OF DIRECTORS

Sd/- Sd/-

PRASHANT VAIDYA PRAVIN SHAH DIRECTOR DIRECTOR

PLACE : MUMBAI DATE : 31/07/2014


Mar 31, 2013

To, The Members,

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

WORKING :

During the year under review, the Company has incurred Profit of Rs. 8,666/- (Previous Year Loss of Rs. 2,25,541/-).

FINANCIAL PERFORMANCE

Particulars 2012-2013 2011-2012 (Rupees) (Rupees)

Profit / (Loss ) before tax 8,666 (2,25,541)

Less : Provision for Taxation 2,700

Profit after tax 5,966 (2,25,541)

Add : Balance brought forward 17,58,555 19,84,096

Add: Excess/ (Short)

Provision of Income tax 3,516

Balance c/fd to Balance Sheet 17,68,037 17,58,555

DIVIDEND :

Your Directors do not recommend any dividend for the year under review.

DIRECTORS

Mr. Pravin Shah, Director of the Company retires by rotation at the ensuing Annual General Meeting, and being eligible, offers himself for re-appointment at the ensuing Annual General Meeting.

Mr. Pradeep Nair, Director of the Company was died on 26/10/2012. The Board places on record its deep appreciation of valuable services rendered by him during his tenure as Director.

Mr. Achyuthan Nair was appointed as an Additional Director of the Company with effect from 08/10/2012. He resigned on 12/12/2012 from Directorship. The Board has placed on record its appreciation of valuable services rendered by him during his tenure.

Mr. Nilesh Kulkami was appointed as an Additional Director of the Company with effect from 12/12/2012and holds office upto the date of the ensuing Annual General Meeting of the Company. In terms of Section 257 of the Companies Act, 1956,the Company has received a notice in writing alongwith requisite deposit amount from a member signifying his intention to propose Mr. Nilesh Kulkami as a candidate for the office of Director.

DIRECTORS'' RESPONSIBILITY STATEMENT

As stipulated in Section 217<2AA) of the Companies Act, 1956, your Directors subscribe to the Directors'' Responsibility Statement and confirm as under:

1 - that in the preparation of the annual accounts, the applicable accounting standards have been followed;

2. that the 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 at the end of the aforesaid financial year and of the Loss of the Company for that period;

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

4. that the directors have prepared the annual accounts on a going concern basis.

INFORMATION REQUIRED AS PER LISTING AGREEMENT :

1. The shares of the Company are listed at The Stock Exchange,

PhirozJeezeebhoyTowers, Dalai Street, Mumbai -400001 and the annual listing fees for the year 2013-14 has already been paid on 12th April, 2013.

2. Clause 49 of the Listing Agreement regarding Corporate Governance is not applicable to the Company.

AUDITORS

M/s. S. Jain Bohra & Compan y , Chartered Accountants, the Auditors of the Company, retire at the conclusion of the ensuing Annual General Meeting and being eligible, have offered themselves for re- appointment. They have further confirmed that the said appointment if made, would be in conformity with the provisions of Section 224(1 B) of the Companies Act, 1956.

AUDITORS REPORT:

The observations made in the Audtors'' Report are self-explanatory and therefore do not call for any further comments.

FIXED DEPOSITS :

The Company has neither invited nor accepted any fixed deposit from the public or from its shareholders during the year under review.

INFORMATION PURSUANT TO SECTION 217(2A) OF THE COMPANIES ACT, 1956:

The Company has not pad any remuneration attracting the provisions of Section 217(2A)of the Companes Act, 1956 read with Companies (Particulars of Employees) Rules, 1975during the year under review.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO :

Since the Company did not carry on any manufacturing activity, the requirements of Section 217(1 )(e) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988 regarding conservation of energy and technology absorption are not applicable. There were no foreign exchange earnings and outgo during the year under review.

FOR & ON BEHALF OF THE BOARD OF DIRECTORS PRASHANT VAIDYA PRAVIN SHAH

DIRECTOR DIRECTOR

PLACE : MUMBAI

DATE : 23/07/2013


Mar 31, 2012

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

WORKING :

During the year under review, the Company has incurred loss of Rs. 2,25,541/- (Previous Year profit of Rs. 1,14,638/-). During the Financial Year 2011-12, the Company has paid reinstatement fees to Bombay Stock Exchange Ltd. and hence Incurred the Loss. The Company got relisted on Bombay Stock Exchange w.e.f. 22/12/2011.

FINANCIAL PERFORMANCE

2011-2012 2010-2011 (Rupees) (Rupees)

Profit/(Loss) before tax (2,25,541) 1,14,638

Less: Provision for Taxation - 38,000

Profit after tax (2,25,541) 76,638

Add : Balance brought forward 19,84,096 19,06,704 Add: Excess / (Short)

Provision of Income tax - 754

Balance c/d to Balance Sheet 17,58,555 19,84,096

DIVIDEND:

Your Directors do not recommend any dividend for the year under review.

DIRECTORS

Mr. Prashant Vaidya, Director of the Company retires by rotation at the ensuing Annual General Meeting, and being eligible, offers himself for re-appointment at the ensuing Annual General Meeting.

Mr. Achyuthan Nair resigned from the Directorship of the Company with effect from 16th April, 2012. The Board has placed on record its appreciation of the valuable services rendered by him during his tenure as a Director of the Company.

Mr. Pradeep Nair was appointed as an Additional Director of the Company with effect from 16th April, 2012 and holds office upto the date of the ensuing Annual General Meeting of the Company. In terms of Section 257 of the Companies Act, 1956, the Company has received a notice in writing alongwith requisite deposit amount from a member signifying his intention to propose Mr. Pradeep Nair as a candidate for the office of Director.

DIRECTORS' RESPONSIBILITY STATEMENT

As stipulated in Section 217(2AA) of the Companies Act, 1956, your Directors subscribe to the Directors' Responsibility Statement and confirm as under:

1. that in the preparation of the annual accounts, the applicable accounting standards have been followed;

2. that the 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 at the end of the aforesaid financial year and of the Loss of the Company for that period;

3. that the directors have 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 irregularities;

4. that the directors have prepared the annual accounts on a going concern basis.

INFORMATION REQUIRED AS PER LISTING AGREEMENT :

1. The shares of the Company are listed at The Stock Exchange, Phiroz Jeezeebhoy Towers, Dalai Street, Mumbai - 400001 and the annual listing fees for the year 2012-13 has already been paid on 21st April, 2012.

2. Clause 49 of the Listing Agreement regarding Corporate Governance Is not applicable to the Company.

AUDITORS

M/s. S. Jain Bohra & Company, Chartered Accountants, the Auditors of the Company, retire at the conclusion of the ensuing Annual General Meeting and being eligible, have offered themselves for re- appointment. They have further confirmed that the said appointment if made, would be in conformity with the provisions of Section 224(1B) of the Companies Act 1956.

AUDITORS REPORT:

The observations made in the Auditors' Report are self-explanatory and therefore do not call for any further comments.

FIXED DEPOSITS:

The Company has neither invited nor accepted any fixed deposit from the public or from its shareholders during the year under review.

INFORMATION PURSUANT TO SECTION 217(2A) OF THE COMPANIES ACT, 1956:

The Company has not any remuneration attracting the provisions of Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975 during the year under review.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO :

Since the Company did not carry on any manufacturing activity, the requirements of Section 217(1)(e) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988 regarding conservation of energy and technology absorption are not applicable. There were no foreign exchange earnings and outgo during the year under review.

FOR & ON BEHALF OF THE BOARD OF DIRECTORS

PRAVIN SHAH DIRECTOR

PRASHANT VAIDYA DIRECTOR

PLACE : MUMBAI DATE : 23/07/2012

 
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