Home  »  Company  »  Betala Global Se  »  Quotes  »  Directors Report
Enter the first few characters of Company and click 'Go'

Directors Report of Betala Global Securities Ltd.

Mar 31, 2014

Dear Members,

The Directors have pleasure in presenting the Twentieth Annual Report together with audited accounts for the year ended 31st March 2014.

WORKING RESULTS

The working results of your company for the year under report are as under:

31.03.2014 31.03.2013 In Rupees

Gross Income 4,32,679 1,99,010

Profit/(Loss) before Depreciation & Tax (2,24,328) 39,051

Less : Depreciation 85,216 85,216

Profit/(Loss) for the year before Tax (3,09,544) (46,165)

Less : Provision for Tax; - -

Profit/(Loss) after tax carried (3,09,544) (46,165) to Balance Sheet

PERFORMANCE

The company recorded a gross income of Rs. 4,32,679/- as against Rs. 1,99,010/- in the last year and incurred a loss of Rs. 3,09,544/- as against a loss of Rs.46,165/- during the last year. DIVIDEND

In view of the losses your directors regret their inability to recommend any dividend.

DIRECTORS

As per the provisions of the companies act 2013, Independent Directors are required to be appointed for the term of five consecutive years and shall not be liable to retire by rotation, Accordingly, all the independent directors of the company are to be appointed for a term of 5 years in the ensuing AGM.

The board consists of 2 independent directors and one Non executive director.

DIRECTORS RESPONSIBILITY STATEMENT

Directors responsibility statement as per section 217(2AA) of the Companies Act, 1956:

a) The Directors Confirm: that in the preparation of the annual accounts, the applicable accounting standards have been followed and that no material departures have been made from the same;

b) that they have selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give true and fair view of the state of affairs of the Company at the end of the financial year and of the profit & loss of the Company for that period;

c) that they 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;

d) that they have prepared the annual accounts on a going concern basis.

Corporate Governance:

As a listed Company, necessary measures are taken to comply with the listing agreements with-stock exchanges. A Report on Corporate Governance, along with certificate of Compliance from the Auditor is given in Annexure-B to this report.

Management Discussion and Analysis Report: -

A Management Discussion and Analysis Report is given as Annexure C to this report.

PARTICULARS OF ENERGY CONSERVATION. TECHONOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING AND OUTGO.

There are no information required to be disclosed under section 217(1) (e) of the Companies Act 1956, read with rule 2 of the Companies (Disclosure of particulars in the annual report of Board of Directors) Rules, 1988. No manufacturing activity is involved and hence particulars relating to conservation of energy and technical know how are not applicable. There has been no Foreign exchange earnings & outgo during the year.

REPLY TO AUDITORS QUALIFICATION

With reference to the qualification by the auditors vide point 3 (a) (b) (c) the company is taking steps to recover the loan given with interest and company has now received the money.

PARTICULARS OF EMPLOYEES

There are no employees falling within the purview of Section 217 (2A) of the Companies Act, 1956. As such no separate annexure is given.

AUDITORS

M/s. C.Ramasamy & B.Srinivasan, Chartered Accountants, auditors of the company retire at the conclusion of ensuing Annual General Meeting and are eligible for re-appointment.

ACKNOWLEDGEMENT

Your Directors would like to place on record their appreciation of the whole hearted support extended by the employees, bankers to the company as also the shareholders of the company.

On behalf of the Board of Directors

R.C.BETALA CHAIRMAN

Place: Chennai Date . 01.08.2014


Mar 31, 2013

The Directors have pleasure in presenting the Nineteenth Annual Report together with audited accounts for the year ended 31st March 2013.

WORKING RESULTS

The working results of your company for the year under report are as under:

31.03.2013 31.03.2012

In Rupees

Gross Income 1,99,010 2,03,724

Profit/ (Loss) before Depreciation & Tax 39.051 65.952

Less; Depreciation 85.216 85,215

Profit/(Loss) for the year before Tax (46,165) (19,263)

Less: Provision for Tax - -

Profit (Loss) after tax carried (46,165) (19,263) to Balance sheet

PERFORMANCE

The company recorded a gross income of Rs.1,99,010/. as against a loss of Rs.19.263/- during the last year.

DIVIDENT

In view of the losses your directors regret their inability to recommend any dividend.

DIRCETORS

Mr.R.C.Betala retire at this meeting and being eligible offers himself far reappointment.

DIRECTORS RESPONSBILITY STATEMENT

Directors responsibility statement as per section 217(2AA) of the Companies Act,1956;

a) The directors confirm: that in the preparation of the annual accounts the applicable accounting standards have been followed and that no material departures have been made from the same.

b) that they have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give true and fair view of the state of affairs of the company at the end of the financial year and of the profit & loss of the company for that period.

c) that they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the preventing and detecting fraud and other irregularities.

d) that they have prepared the annual, accounts on a going concern basis. '' ,

Corporate Governance:

As a listed company necessary manures are taken to exchanges. A Report on Corporate Governance along with the listing agreements with stock given in Annexure-B to this report. certificate of Compliance from the Auditor is given in Annexure-B to this report.

Management Discussion and Analysis Report:

A Management Discussion and Analysis Report is given as Annexure C to this report.

PARTICULARS OF ENERGY CONSERVATION TECHONOLOGY ABSERPTION

There are no information required to be disclosed under section 217 (1) (e) of the companies Act, 1956 read with rule 2 of the companies (Disclosure of particulars in the annual report of Board of Directors) Rules 1988 No manufacturing activity is involved and hence particulars relating to conservation of energy and technical knowhow are not applicable There has been.

REPLY TO AUDITORS QUALIFICATION

With reference to the qualification by the auditors vide point 3 (a) (b) (c) the company is taking steps to recover the loan given interest and hope to receive the same before 31.03.2014.

PARTICULARS OF EMPLOYEES

There are no employees falling within the purview of Section 217 (2A) of the is taking steps to recover the loan no separate annexure is given.

AUDITORS

M/s C.Ramasamy & B Srinivasan Chartered Accountants auditors of the company retire at the conclusion of ensuing Annual General Meeting and are eligible for re-appointment.

ACKNOWLEDGEMENT

Your Directors would like to place on record their appreciation of the whole hearted support extended by the employees'' bankers to the company as also the shareholders of the company.

On behalf of the Board of Directors

R.C.BETALA

CHAIRMAN

Place: Chennai

Date : 29.04,2013


Mar 31, 2012

TO SHAREHOLDERS

The Directors have pleasure in presenting the Eighteenth Annual Report together with audited accounts for the year ended 31st March 2012.

WORKING RESULTS

The working results of your company for the year under report are as under:

31.03.2012 31.03.2011 In Rupees

Gross Income 2,03,724 1,57,925

Profit1 (Loss) before Depreciation & Tax 65,952 19,240

Less : Depreciation 85,215 85,215

Profit1 (Loss) for the year before Tax (19,263) (65,975)

Less : Provision for Tax 1,99,383

Profif(Loss) after tax carried to Balance Sheet (19,263) (2,65,358)

PERFORMANCE

The company recorded a gross income of Rs. 2,03,724/- as against Rs.157,925/- in the last year and incurred a loss of Rs. 19,263/- as against a loss of Rs.65,975/- during the last year.

DIVIDEND

In view of the losses your directors regret their inability to recommend any dividend.

DIRECTORS

Mr. Rajiv P. Udani retire at this meeting and being eligible offers himself for reappointment.

DIRECTORS RESPONSIBILITY S TA TEMENT

Directors responsibility statement as per section 217(2AA) of the Companies Act, 1956:

a) The Directors Confirm: that in the preparation of the annual accounts, the applicable accounting standards have been followed and that no material departures have been made from the same;

b) that they have selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give true and fair view of the state of affairs of the Company at the end of the financial year and of the profit & loss of the Company for that period;

c) that they 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;

d) that they have prepared the annual accounts on a going concern basis.

Corporate Governance:

As a listed Company, necessary measures are 1aken 1o comply with 1he listing agreements with stock exchanges. A Report on Corporate Governance, along with certificate of Compliance from the Auditor is given in Annexure-B to this report.

Management Discussion and Analysis Report:

A Management Discussion and Analysis Report is given as Annexure C to this report.

PARTICULARS OF ENERGY CONSERVATION. TECHONOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING AND OUTGO.

There are no information required to be disclosed under section 217(1) (e) of the Companies Act 1956, read with rule 2 of the Companies (Disclosure of particulars in the annual report of Board of Directors) Rules, 1988. No manufacturing activity is involved and hence particulars relating to conservation of energy and technical know how are not applicable. There has been no Foreign exchange earnings & outgo during the year.

REPLYTO AUDITORS QUALIFICATION

The company is taking steps to recover the loan given with interest and hope to receive the same before 31.03.2013.

PARTICULARS OF EMPLOYEES

There are no employees falling within the purview of Section 217 (2A) of the Companies Act, 1956. As such no separate annexure is given.

AUDITORS

M/s. C.Ramasamy & B.Srinivasan, Chartered Accountants, auditors of the company retire at the conclusion of ensuing Annual General Meeting and are eligible for re-appointment.

ACKNOWLEDGEMENT

Your Directors would like to place on record their appreciation of the whole hearted support extended by the employees, bankers to the company as also the shareholders of the company.

By Order of the Board

For BETALA GLOBAL SECURITIES LIMITED

Sd/-

R.C.BETALA CHAIRMAN

Place : Chennai

Date : 31.07.2012


Mar 31, 2011

TO SHAREHOLDERS

The Directors have pleasure in presenting the Seventeenth Annual Report together with audited accounts for the year ended 31 st March 2011.

WORKING RESULTS

The working results of your company for the year under report are as under:

31.03.2011 31.03.2010 In Rupees

Gross Income 1,57,925 1,40,455

Profit/{Loss) before Depreciation & Tax 19,240 12,41,395

Less : Depreciation 85,215 85,215

Profit/{Loss) for the year before Tax (65,975) 11,56,180

Less : Provision for Tax 1,99,383 -

Profit/{Loss) after tax carried to Balance Sheet (2,65,358) 11,56.180

PERFORMANCE

The company recorded a gross income of Rs. 1,57,925/- as against Rs.1,40,455/- in the last year and incurred a loss of Rs. 65,975/- as against a profit of Rs.11,56,180/- during the last year.

DIVIDEND

In view of the losses your directors regret their inability to recommend any dividend.

DIRECTORS

Mr. S.Sasikumar retire at this meeting and being eligible offers himself for reappointment.

DIRECTORS RESPONSIBILITY STATEMENT

Directors responsibility statement as per section 217(2AA) of the Companies Act, 1956:

a) The Directors Confirm: that in the preparation of the annual accounts, the applicable accounting standards have been followed and that no material departures have been made from the same;

b) that they have selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give true and fair view of the state of affairs of the Company at the end of the financial year and of the profit & loss of the Company for that period;

c) that they 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;

d) that they have prepared the annual accounts on a going concern basis.

Corporate Governance:

As a listed Company, necessary measures are taken to comply with the listing agreements with stock exchanges. A Report on Corporate Governance, along with certificate of Compliance from the Auditor is given in Annexure-B to this report.

Management Discussion and Analysis Report:

A Management Discussion and Analysis Report is given as Annexure C to this report.

PARTICULARS OF EN ERG Y CONSERVATION, TECHONOLOG Y ABSORPTION AND FOREIGN EXCHANGE EARNING AND OUTGO.

There are no iniormation required to be disclosed under section 217(1) (e) oi the Companies Act 1956, read with rule 2 of the Companies (Disclosure ol particulars in the annual report ol Board ol Directors) Rules, 1988. No manufacturing activity is involved and hence particulars relating to conservation ol energy and technical know how are not applicable. There has been no Foreign exchange earnings & outgo during the year.

PARTICULARS OF EMPLOYEES

There are no employees tailing within the purview ol Section 217 (2A) ol the Companies Act, 1956. As such no separate annexure is given.

AUDITORS

M/s. C.Ramasamy & B.Srinivasan, Chartered Accountants, auditors ol the company retire at the conclusion ol ensuing Annual General Meeting and are eligible tor re-appointment.

ACKNOWL EDGEMENT

Your Directors would like to place on record their appreciation ol the whole hearted support extended by the employees, bankers to the company as also the shareholders of the company.

By Order of the Board

For BETALA GLOBAL SECURITIES LIMITED

Sd/-

R.C.BETALA

CHAIRMAN

Place : Chennai

Date : 06.05.2011


Mar 31, 2010

The Directors have pleasure in presenting the Sixteenth Annual Report together with audited accounts for the year ended 31 st March 2010.

WORKING RESULTS

The working results of your company for the year under report are as under:

31.03.2010 31.03.2009 In Rupees

Gross Income 1,40,455 24,000

Profit/(Loss) before Depreciation & Tax 10,70,965 (6,66,331)

Less .Depreciation 85,215 76,352

Profit/(Loss) for the year before Tax 11,56,180 (7,36,683)

Less:Provision for Tax

Profit/(Loss) after tax carried to Balance Sheet 11,56,180 (7,36,683)

PERFORMANC

The company recorded a gross income of Rs. 1,40,455/- as against Rs.24,000/- in the last year and earned a profit of Rs. 11,56,180/-as against a loss of Rs.7,36,683/-during the last year.

DIVIDEND

In view of the brought forward losses your directors regret their inability to recommend any dividend.

DIRECTORS

Mr. R.C.Betala retire at this meeting and being eligible offers himself for reappointment.

DIRECTORS RESPONSIBILITY STATEMENT

Directors responsibility statement as per section 217(2AA) of the Companies Act, 1956:

The Directors Confirm:

a) that in the preparation of the annual accounts, the applicable accounting standards have been followed and that no material departures have been made from the same;

b) that they have selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give true and fair view of the state of affairs of the Company at the end of the financial year and of the profit & loss of the Company for that period;

c) that they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the CompaniesAct, 1956, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d) that they have prepared the annual accounts on a going concern basis.

Corporate Governance:

As a listed Company, necessary measures are taken to comply with the listing agreements with stock exchanges. A Report on Corporate Governance, along with certificate of Compliance from the Auditor is given in Annexure-B to this report.

Management Discussion and Analysis Report:

A Management Discussion and Analysis Report is given as Annexure C to this report.

PARTICULARS OF ENERGY CONSERVATION. TECHONOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING AND OUTGO.

There are no information required to be disclosed under section 217(1) (e) of the Companies Act 1956, read with rule 2 of the Companies (Disclosure of particulars in the annual report of Board of Directors) Rules, 1988. No manufacturing activity is involved and hence particulars relating to conservation of energy and technical know how are not applicable. There has been no Foreign exchange earnings & outgo during the year.

PARTICULARS OF EMPLOYEES

There are no employees falling within the purview of Section 217 (2A) of the Companies Act, 1956. As such no separate annexure is given.

AUDITORS

M/s. C.Ramasamy & B.Srinivasan, Chartered Accountants, auditors of the company retire at the conclusion of ensuing Annual General Meeting and are eligible for re-appointment.

ACKNOWLEDGEMENT

Your Directors would like to place on record their appreciation of the whole hearted support extended by the employees, bankers to the company as also the shareholders of the company.

On behalf of the Board of Directors

Place: Chennai R.C.BETALA

Date : 19.04.2010 CHAIRMAN




Mar 31, 2000

The Directors have pleasure in presenting the Sixth Annual Report together with audited accounts for the period ended 31st March, 2000. WORKING RESULTS The working results of your Company for the period under report are as under:

31.03.2000 (in Rs.) Gross operating income 11,69,77,190

Profit before depreciation and tax 4,04,152

LESS :Depreciation 1,95,379

Profit for the year before taxation 2,08,773

LESS: Provision for taxation -

Profit after tax and carried to Balance Sheet 2,08,773

OPERATIONS

During the year ended 31st March, 2000 your Company has earned gross Income of Rs. 1169.77 lakhs. Your Company has recorded turnover of Rs.1167.67 lakhs from full fledged money changing business during its fourth year of operations as a money changer.

FUTURE PLANS

Your Company shall concentrate on money changing business which is its thrust area of o perations.

PARTICULARS OF ENERGY CONSERVATIONS, ETC.

No manufacturing activity isinvolved and hence particulars relating to conservation of energy and technical know how are not applicable. There is foreign exchange earnings of Rs.0.73 lakhs.

PARTICULARS OF EMPLOYEES

There are no employees falling within thepurview of Section 217 (2 A) of the Companies Act, 1956. As such no separate annexure is given. DIRECTORS Mr.Mohan Barathan and Mr.R.C.Betaia retire by rotation at the 6th Annual General meeting and being eligible offer themselves for re-appointment.

AUDITORS

M/s. Venkat & Rangaa, Chartered Accountants, Auditors of the Company, retire at the conclusion of this Annual Genera! Meeting and have offered themselves for re-appointment.

ACKNOWLEDGEMENT

Your Directorswould like to place on record their appreciation of the whole hearted support extended by the employees, Bankers to the Company as also the shareholders of the Company.

onbehalf of the Boardof Directors for BETALA GLOBAL SECURITIES LIMITED

MOHAN BARATHAN CHAIRMAN Place: Chennai Date :27th May, 2000.

 
Subscribe now to get personal finance updates in your inbox!