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Directors Report of Bombay Potteries & Tiles Ltd.

Mar 31, 2014

Dear Members,

The Directors are pleased to place before you the 80th Annual Report together with the audited accounts for the financial year ended on 31st March 2014.

OPERATIONS:

Your Directors have to report that the Company has not been able to take up any activity during the year under report and thus the expenses were kept at the minimum level which were highly essential for the Company. The operations of the Company have resulted in to a loss of Rs 2,34,158/- as against loss of Rs 3,05,208/- after provision for depreciation during last year which has been added to the accumulated loss of Rs 39.92,672/- resulting in to accumulated loss or Rs 42,26,830/-.

DIVIDEND:

In view of the loss, your directors have not recommended any dividend during the year under report.

FIXED DEPOSIT:

The Company has not accepted any Fixed Deposit and there are no Fixed Deposit outstanding or unclaimed.

DIRECTORS:

Mrs. Pramila V. Wadhwa, retire by rotation and being eligible offer herself for re-appointment

PARTICULARS OF EMPLOYEES :

Not a single employee was in receipt of remuneration of the limit prescribed u/s. 217 (2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION FOREIGN EXCHANGE EARNING AND OUTGO ETC.:

Particulars relating to the Conservation of Energy, Technology Absorption is not applicable to the Company. The Company does not have any Foreign exchange earning nor there is any Foreign Exchange outgo.

DIRECTORS RESPONSIBILITY STATEMENT AS PER SECTION 217 (2AA) OF THE COMPANIES ACT, 1956:

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 accounts for the financial year ended 31st March 2014 the applicable accounting standards have been followed :

(ii) That the directors have selected such accounting policies and applied them consistently and made judgement 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 loss of the Company for the year under review :

(iii) 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 the fraud and other irregularities:

(iv) That the Directors have prepared the accounts for the financial year ended 31st March 2014 on a ''going concern'' basis.

AUDITORS

M/s. Narendra Anil & Associates, Chartered Accountants, retire as Auditors of the Company and being eligible offer themselves for re-appointment. The Auditors have confirmed their willingness for re-appointment as Auditors of the Company and have submitted their written consent and necessary Certificate in compliance of Section 139 of the Companies Act 2013 read with the Companies (Audit & Auditors) Rules 2014.

FOR AND ON BEHALF OF THE BOARD

MANOJ V. WADHWA [CHAIRMAN]


Mar 31, 2013

The Directors are pleased to place before you the 79th Annual Report together with the audited accounts for the financial year ended on 31st March 2013.

OPERATIONS:

Your Directors have to report that the Company has not been able to take up any activity during the year under report and thus the expenses were kept at the minimum level which were highly essential for the Company. The operations of the Company have resulted in to a loss of Rs 3,05,208/- after providing depreciation as against loss of Rs 1,47,413/- after provision for depreciation during last year. A sum of Rs. 730/- being the provision for tax has been written back resulting in to a loss of Rs 3,04,478/- which has been added to the accumulated loss of Rs 36,88,194/- resulting in to a total accumulated loss of Rs 39,92,672/- as on 31.03.2013.

Your directors are assessing and analyzing the various options for the business of the Company, which would certainly require finance. Thus the options have to be worked out properly which could be implemented. However, the Company has to run the show and make required expenses.

DIVIDEND:

In view of the loss, your directors have not recommended any dividend during the year under report.

DIRECTORS:

Mr. Deepak V. Wadhwa, retire by rotation and being eligible offer himself for re-appointment.

AUDITORS:

M/s. Narendra Anil & Associates, Chartered Accountants, retire as Auditors of the Company and being eligible offer themselves for re-appointment

PERSONNEL:

Not a single employee was in receipt of remuneration of the limit prescribed u/s. 217 (2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975.

PARTICULARS REGARDING CONSERVATION OP ENERGY, ETC.:

Particulars relating to the Conservation of Energy, Technology Absorption is not applicable to the Company. The Company does not have any Foreign exchange earning nor there is any Foreign Exchange outgo.

DIRECTORS RESPONSIBILITY STATEMENT AS PER SECTION 217 (2AA) OF THE COMPANIES ACT, 19S6:

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 accounts for the financial year ended 31st March 2013 the applicable accounting standards have been followed :

(ii) That the directors have selected such accounting policies and applied them consistently and made judgment 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 loss of the Company for the year under review :

(iii) 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 the fraud and other irregularities :

(iv) That the Directors have prepared the accounts for the financial year ended 31st March 2013 on a ''going concern'' basis.

FOR AND ON BEHALF OF THE BOARD

MANOJ V. WADHWA

[CHAIRMAN]

PLACE : MUMBAI

DATED : 22.08.2013


Mar 31, 2012

The Directors are pleased to place before you the 78th Annual Report together with the audited accounts for the financial year ended on 31st March 2012.

OPERATIONS:

Your Directors have to report that the Company has not been able to take up any activity during the year under report and thus the expenses were kept at the minimum ievel which were highly essential for the Company. The operations of the Company have resulted in to a loss of Rs 1,47,413/- after providing depreciation as against loss of Rs 52,664/- after provision for depreciation during last year which has been added to the accumulated loss of Rs 35,40,781/- as on 31st March 2011 resulting in to a total accumulated loss of Rs 36,88,194/- as on 31.03.2012 .

Your directors are assessing and analyzing the various options for the business of the Company, which would certainly require finance. Thus the options have to be worked out properly which could be implemented. However, the Company has to run the show and make required expenses.

DIVIDEND :

In view of the loss, your directors have not recommended any dividend during the year under report.

DIRECTORS :

Mr. Manoj V. Wadhwa, retire by rotation and being eligible offer himself for re-appointment.

AUDITORS :

M/s. Anil Jaykant & Co., have informed the Company that they do not wish to seek re-appointment as Auditors of the Company. A special notice has been received by the Company under Section 225 (1) of the Companies Act 1956, from a member for appointing M/s. Narendra Anil & Associates, Chartered Accountants, as the statutory Auditors of the Company on remuneration as may be fixed by Board of Directors.

PERSONNEL:

Not a single employee was in receipt of remuneration of the limit prescribed u/s. 217 (2A) of the Companies Act, 1956 read with Companies ( Particulars of Employees) Rules, 1975.

PARTICULARS REGARDING CONSERVATION OF ENERGY, ETC. :

Particulars relating to the Conservation of Energy, Technology Absorption is not applicable to the Company. The Company does not have any Foreign exchange earning nor there is any Foreign Exchange outgo.

DIRECTORS RESPONSIBILITY STATEMENT AS PER SECTION 217 (2AA) OF THE COMPANIES ACT, 19S6:

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 accounts for the financial year ended 31st March 2012 the applicable accounting standards have been followed :

(ii) That the directors have selected such accounting policies and applied them consistently and made judgement 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 loss of the Company for the year under review :

(iii) 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 the fraud and other irregularities :

(iv) That the Directors have prepared the accounts for the financial year ended 31st March 2012 on a 'going concern' basis.

AUDITORS REPORT:

The Auditors observations except item No. 4 (f) relating to preference shares are self-explanatory and do not require any comments or clarifications. As regards the observation of the auditors regarding the provision of Section 80A of the Act, the directors explain that due to non-availability of finance neither the preference shares could be redeemed nor the dividend has been paid.

FOR AND ON BEHALF OF THE BOARD

MANOJ V. WADHWA

[CHAIRMAN]

PLACE : MUMBAI

DATED : 30th August 2012


Mar 31, 2011

Dear Members,

The Directors are pleased to place before you the 77th Annual Report together with the audited accounts for the financial year ended on 31st March 2011.

OPERATIONS:

Your Directors have to report that the Company has not been able to take up any activity during the year under report and thus the expenses were kept at the minimum level which were highly essential for the Company. The operations of the Company have resulted in to a loss of Rs. 52,664/- after providing depreciation as against loss of Rs. 24,685/- after provision for depreciation and Income tax during last year. The accumulated loss of Rs. 34,88,117/- has been brought forward and added to the above loss of Rs. 52,664/- resulting in to accumulated loss of Rs. 35,40,781/- which has been carried to Balance Sheet.

Your directors are assessing and analyzing the various options for the business of the Company, which would certainly require finance. Thus the options have to be worked out properly which could be implemented. However the Company has to run the show and make required expenses.

DIVIDEND:

In view of the loss, your directors have not recommended any dividend during the year under report.

DIRECTORS:

Smt. Pramila V. Wadhwa, retire by rotation and being eligible offer herself for re-appointment.

AUDITORS :

Messrs Anil Jaykant & Co., Chartered Accountants, retire as Auditors of the Company and being eligible offer themselves for re-appointment.

PERSONNEL :

Not a single employee was in 'receipt of remuneration of the limit prescribed u/s. 217 (2A) of the Companies Act, 1956 read with Companies ( Particulars of Employees) Rules, 1975.

PARTICULARS REGARDING CONSERVATION OF ENERGY, ETC. :

Particulars relating to the Conservation of Energy, Technology Absorption is not applicable to the Company. The Company does not have any Foreign exchange earning nor there is any Foreign Exchange outgo.

DIRECTORS RESPONSIBILITY STATEMENT AS PER SECTION 217 (2AA) OF THE COMPANIES ACT, 1956 :

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 accounts for the financial year ended 31st March 2011 the applicable accounting standards have been followed :

(ii) That the directors have selected such accounting policies and applied them consistently and made judgement 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 loss of the Company for the year under review :

(iii) 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 the fraud and other irregularities :

(iv) That the Directors have prepared the accounts for the financial year ended 31st March 2011 on a 'going concern' basis.

AUDITORS REPORT:

The Auditors observations except item No. 4 (f) relating to preference shares are self-explanatory and do not require any comments or clarifications. As regards the observation of the auditors regarding the provision of Section 80A of the Act, the directors explain that due to non-availability of finance neither the preference shares could be redeemed nor the dividend has been paid.

FOR AND ON BEHALF OF THE BOARD

MANOJ V. WADHWA [CHAIRMAN]

PLACE : MUMBAI DATED : 2nd September 2011


Mar 31, 2010

The Directors are pleased to place before you the 76th Annual Report together with the audited accounts for the financial year ended on 31st March 2010.

OPERATIONS:

Your Directors have to report that the balance stock of one flat along with Garage has been disposed off during the year under report. However, the Company has not been able to take up any other activity so far and thus the expenditure has been kept at the minimum level which was highly essential for the Company. The operations of the Company have resulted in to a loss of Rs 24,685/- after providing for depreciation and income tax as against loss of Rs 2,34,639/- during last year. A sum of Rs 1,38,399/- has been transferred from revaluation reserve on sale of flat against which the above loss of Rs 24,685/- has been set off resulting in to a profit of Rs 1,13,714/- which has been set off against brought forward loss of Rs 36,01,831/- and thus balance loss of Rs 34,88,117/- has been carried to Balance Sheet.

Your directors are assessing and analyzing the various options for the business of the Company, which would certainly require finance. Thus the options have to be worked out properly which could be implemented. Thus the Company has to run the show and make required expenses.

DIVIDEND:

In view of the accumulated loss, your directors have not recommended any dividend during the year under report.

DIRECTORS :

Mr Deepak V. Wadhwa retire by rotation and being eligible offer himself for re-appointment.

AUDITORS :

Messrs Anil Jaykant & Co., Chartered Accountants, retire as Auditors of the Company and being eligible offer themselves.for re-appointment.

PERSONNEL:

Not a single employee was in receipt of remuneration of the limit prescribed u/s. 217 (2A) of the Companies Act, 1956 read with Companies ( Particulars of Employees) Rules, 1975.

PARTICULARS REGARDING CONSERVATION OF ENERGY, ETC. :

Particulars relating to the Conservation of Energy, Technology Absorption is not applicable to the Company. The Company does not have any Foreign exchange earnings nor there is any Foreign Exchange outgo.

DIRECTORS RESPONSIBILITY STATEMENT AS PER SECTION 217 (2AA) OF THE COMPANIES ACT, 1956 :

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 accounts for the financial year ended 31st March 2010 the applicable accounting standards have been followed :

(ii) That the directors have selected such accounting policies and applied them consistently and made judgement 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 loss of the Company for the year under review :

(iii) 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 the fraud and other irregularities :

(iv) That the Directors have prepared the accounts for the financial year ended 31st March 2010 on a going concern basis.

AUDITORS REPORT:

The Auditors observations except item No. 4 (0 relating to preference shares are self-explanatory and do not require any comments or clarifications. As regards the observation of the auditors regarding the provision of Section 80 of the Act, the directors explain that due to non-availability of finance neither the preference shares could be redeemed nor the dividend has been paid.

FOR AND ON BEHALF OF THE BOARD

MANOJ V. WADHWA

CHAIRMAN

PLACE : MUMBAI

DATED : 2ND SEPTEMBER 2010

 
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