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

Directors Report of Anubhav Industrial Resources Ltd.

Mar 31, 2014

The Members

Anubhav Industrial Resources Limited

The Directors' present the Annual report on the business and operations of your Company for the year 2013-14.

FINANCIAL RESULTS AND FUTURE OUTLOOKS:

During the year under Report, the Company has earned a Profit of Rs. 32547/- for the year ended 31st March, 2014 as against loss of Rs. 22161/- in the previous year.

DIVIDEND:

In view of conserving the resources, your directors do not recommend any dividend for the financial year 2013-14

DIRECTORS:

MR. Ramesh Kumar Khetan, Director of the Company is liable to retire by rotation at the ensuing Annual General Meeting and being eligible, offer himself for re-appointment.

Mr. Ramesh Kumar Khetan who was been appointed as additional director in the board meeting dated June 24, 2014 has been regularized as director in the Annual General Meeting.

Mr. Vijay Pandere who was been appointed as additional director in the board meeting dated June 24, 2014 has been regularized as director in the Annual General Meeting.

Mr. Santosh Mohite who was been appointed as additional director in the board meeting dated October 15, 2013 has been regularize as director in the Annual General Meeting.

Mr. Vijay Garg and Ms. Rita Garg has been resigned from Board dated October 15, 2013 CORPORATE GOVERNANCE

The Company has vigorously striven to follow the best corporate governance practices aimed at building trust among the key stakeholders, shareholders, employees, customers, suppliers and other stakeholders on four key elements of corporate governance - transparency, fairness, disclosure and accountability

MANAGEMENT DISCUSSION AND ANALYSIS

The Management Discussion and Analysis Report on the operations of the Company is provided in a separate section and forms part of this Report

PARTICULARS OF EMPLOYEES

No employee is covered under the Provisions of Section 217 (2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975.

DEPOSITS

The Company has not invited/accepted any deposits from the public during the financial year ended March 31,2014. There were no unclaimed or unpaid deposits as on March 31,2014.

INFORMATION UNDER SECTION 217 (1) (e) OF THE COMPANIES ACT, 1956

The particulars relating to conservation of energy and technology absorption required to be furnished pursuant to Section 217(1)(e) of the Companies Act, 1956, read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988 pertaining to conservation of energy and technology absorption, are not applicable to the Company.

Foreign Exchange Earnings and Outgo:

(a) Activities relating to exports; : N.A. initiatives taken to increase exports development of new export markets for products and services and export plans

(b) Foreign Exchange Earned : Rs. Nil (Previous year : Rs. Nil)

(c) Foreign Exchange Used : Rs. Nil (Previous Year : Rs. Nil)

DIRECTORS' REPONSIBILITY STATEMENT

Pursuant to Section 217(2AA) of the Companies Act, 1956, as amended by the Companies (Amendment) Act, 2000, the Directors confirm that -

(i) in the preparation of the annual accounts, the applicable accounting standards have been followed with proper explanations relating to material departures, if any.

(ii) appropriate accounting policies have been selected and applied consistently and the Directors have 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 Profits for the financial year from 1st April, 2013 to 31st March, 2014.

(iii) proper and sufficient care has been taken 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.

AUDITORS AND AUDITORS' REPORT:

M/s. Shyam C. Agarwal & Co, Chartered Accountants, existing Auditors will retire at the conclusion of the ensuing Annual General Meeting. Pursuant to the provisions of Section 139 of the Companies Act, 2013 and Companies (Audit and Auditors) Rules, 2014 and have expressed their unwillingness to continue as the statutory auditor of the Company. The Board of Directors at their meeting held on September 4, 2014 had recommended M/s. Shyam C. Agarwal & Co., Chartered Accountant, Mumbai, as the statutory auditor of the Company.

M/s. Shyam C. Agarwal & Co.,, Chartered Accountants, Mumbai, are proposed to be appointed as Auditors, to hold office up-to the conclusion of the next Annual General Meeting.

Pursuant to the provisions of Companies (Audit and Auditors) Rules, 2014, M/s. Shyam C. Agarwal & Co.,, Chartered Accountants has certified that the following:

a. They are eligible for appointment and are not disqualified for appointment under the Companies Act, 2013, the Chartered Accountants Act, 1949 and rules/regulations made thereunder;

b. The proposed appointment is as per the term provided under the Companies Act, 2013;

c. The proposed appointment is within the limits laid down by or under the authority of the Companies Act, 2013;

d. There are no proceedings against the audit firm or any partner of the audit firm pending with respect to professional matters of conduct.

The Board of Directors recommends to the shareholders the appointment of M/s. Shyam C. Agarwal & Co.,, Chartered Accountants, as Auditors of the Company.

The observations and comments given in the report of the Auditors read together with notes to accounts are self explanatory and hence do not call for any further information and explanation under Section 217(3) of the Companies Act, 1956.

ACKNOWLEDGEMENTS

Your Board takes this opportunity to place on record its appreciation for the dedication and commitment of employees shown at all levels which have contributed to the success of your Company. Your Directors also express their gratitude for the valuable support and co-operation extended by various Governmental authorities, including Ministry of Information and Broadcasting, Department of Telecommunication, Ministry of Corporate Affairs, Stock Exchanges, Depositories and other stakeholders including banks, financial Institutions, viewers, vendors and service providers.

For & on behalf of the Board of Director

Date: 14/08/2014 Place: Chandigarh

Sd/- Sd/- Vidya Chalke Santosh Mohite Director Director DIN: 02903650 DIN: 02953365


Mar 31, 2013

Dear Members,

Your Directors have pleasure in presenting to you the Twenty Eighth Annual Report together with the Audited Accounts of your Company for the year ended 31st March, 2013.

FINANCIAL RESULTS AND FUTURE OUTLOOKS

During the year under Report, the Company has earned a Profit of Rs 18,215/- for the year ended 31st March, 2013 as earned Profit of Rs. 7,540/- in the previous year.

DIVIDENDS

Your Director do not recommend any payment of dividend for the year ended 31st March, 2013.

DEPOSITS

The Company has not accepted any deposits to which the provisions of Section 58(A) of the Companies Act, 1956 are applicable.

PERSONNEL

The Companies (Disclosure of Particulars in the Report of Board of Directors) Rule, 1988. are not applicable. There was no employees covered by the provision of Section 217 (2-A) of the Companies Act, 1956.

DIRECTORS

In accordance with the provisions of the Companies Act, 1956 and Articles of Association of the Company Mr. Lok Nath Aggarwal who retires by rotation and being eligible, offers himself for reappointment.

DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to the requirement under Section 217(2AA) of the Companies Act. 1956 with respect to Directors' Responsibility Statement, it is hereby confirmed:

i. 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 ;

ii. 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 or loss of the company for the year under review ;

iii. that the Directors had 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 ;

iv. that the Directors had prepared the accounts for the financial year ended 31st March, 2013 on a 'going concern' basis.

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

Particulars under the Companies (Disclosure of Particulars in the report of the Board of Directors Rules, 1988) or conservation of energy, technology, absorption, foreign exchanges earnings and outgo are not applicable, since there is no manufacturing process involved and there has been no Import/Export.

AUDITORS

The present auditors M/s. S.C. Dewan & Co., Chartered Accountants, Panchkula, will retire at the forthcoming Annual General Meeting. They have confirmed their eligibility for reappointment and the Board recommends their re-appointment at the forthcoming Annual General Meetings.

for and on behalf of the Board of Directors

(LOK NATH aGGARWAL) (VIJAY KUMAR GARG) DIRECTOR DIRECTOR PLACE : CHANDIGARH DATED : 30th May, 2013


Mar 31, 2012

Dear Members,

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

FINANCIAL RESULTS AND FUTURE OUTLOOKS

During the year under Report, the Company has earned a Profit of Rs. 7,540/- for the year ended 31st March, 2012 as against loss of Rs. 41,387/- in the previous year.

DIVIDENDS

Your Director do not recommend any payment of dividend for the year ended 31st March, 2012.

DEPOSITS

The Company has not accepted any deposits to which the provisions of Section 58(A) of the Companies Act, 1956 are applicable.

PERSONNEL

The Companies (Disclosure of Particulars in the Report of Board of Directors) Rule, 1988, are not applicable. There was no employees covered by the provision of Section 217 (2-A) of the Companies Act, 1956.

DIRECTORS

In accordance with the provisions of the Companies Act, 1956 and Articles of Association of the Company Mr. Vijay Kumar Garg who retires by rotation and being eligible, offers himself for reappointment.

DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to the requirement under Section 217(2AA) of the Companies Act, 1956 with respect to Directors' Responsibility Statement, it is hereby confirmed:

i. 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 ; '

ii. 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 or loss of the company for the year under review ;

iii. that the Directors had 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 ;

iv. that the Directors had prepared the accounts for the financial year ended 31st March, 2012 on a 'going concern' basis.

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

Particulars under the Companies (Disclosure of Particulars in the report of the Board of Directors Rules, 1988) or conservation of energy, technology, absorption, foreign exchanges earnings and outgo are not applicable, since there is no manufacturing process involved and there has been no Import/Export.

AUDITORS

The present auditors M/s. S.C. Dewan & Co., Chartered Accountants, Panchkula, will retire at the forthcoming Annual General Meeting. They have confirmed their eligibility for reappointment and the Board recommends their re-appointment at the forthcoming Annual General Meetings.

For and on behalf of the Board of Directors

(LOK NATHAGGARWAL) (VIJAY KUMAR GARG) DIRECTOR DIRECTOR PLACE : CHANDIGARH DATED : 2nd July, 2012


Mar 31, 2011

Dear Members,

The Directors have pleasure in presenting to you the Twenty Sixth Annual R®Port to9ether with the Audited Accounts of your Company for the year ended 31 st March, 2011.

FINANCIAL RESULTS AND FUTURE OUTLOOKS

During the year under Report, the Company has incurred a loss of Rs. 41,387/- for the year ended 31st March, 2011 as against loss of Rs. 36,983/- in the previous year.

DIVIDENDS

Your Director do not recommend any payment of dividend for the year ended 31 March, 2011.

DEPOSITS

The Company has not accepted any deposits to which the provisions of Section 58(A) of the Companies Act, 1956 are applicable.

PERSONNEL

The Companies (Disclosure of Particulars in the Report of Board of Directors) Rule, 1988, are not applicable. There was no employees covered by the provision of Section 217 (2-A) of the Companies Act, 1956.

DIRECTORS

In accordance with the provisions of the Companies Act, 1956 and Articles of Association of the Company Mrs. Rita Garg, Director retires by rotation and being eligible offer herself for re-appointment.

DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to the requirement under Section 217(2AA) of the Companies Act, 1956 with respect to Directors' Responsibility Statement, it is hereby confirmed:

i. 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 ;

ii. 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 or loss of the company for the year under review;

iii. that the Directors had 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 ;

iv. that the Directors had prepared the accounts for the financial year ended 31st March, 2011 on a 'going concern' basis.

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

Particulars under the Companies (Disclosure of Particulars in the report of the Board of Directors Rules, 1988) or conservation of energy, technology, absorption, foreign exchanges earnings and outgo are not applicable, since there is no manufacturing process involved and there has been no Import/Export.

AUDITORS

The present auditors M/s. S.C. Dewan & Co., Chartered Accountants, Panchkula, will retire at the forthcoming Annual General Meeting. They have confirmed their eligibility for reappointment and the Board recommends their re-appointment at the forthcoming Annual General Meetings.

For and on behalf of the Board of Directors

(LOK NATHAGGARWAL) (VIJAY KUMAR GARG) DIRECTOR DIRECTOR

PLACE : CHANDIGARH DATED : 12th July, 2011

Find IFSC