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Directors Report of Bridge Securities Ltd.

Mar 31, 2014

Dear Members,

The directors have pleasure in presenting their Eighteenth Annual Report together with Audited Accounts for the year ended on 31st March, 2014

FINANCIAL RESULTS

The financial result of the company for the year under review is summarized here in below for your consideration.

Year ended on 31st March, 2014 (Rs .)

Total Income 9,14,313

Total Expenditures (1,64,575)

Depreciation 22,696

Profit / (Loss) during the year 10,56,192

In view of brought forward losses your directors do not recommend any dividend.

OPERATIONS:

The year under review was a buoyant year for the capital markets. The Bombay Sock Exchange Sensitive Index touched heights, Yours directors put in all there possible efforts to earn as much profits as possible during the year, However in the closing Stages of the year the market was not that high as expected and due to the same profits as anticipated /Planned was not earned.

CORPORATE GOVERNANCE

A separate section on corporate governance and a certificate from the Auditors of the Company regarding Compliance of Conditions of Corporate Governance as stipulated under clause 49 of the listing agreement with the Stock Exchanges, form part of annual report.

DIRECTORS:

At the ensuing annual general meeting, Shri Dashrathlal P Thakkar (DIN 00195113) & Shri Bharatkumar Ratilal Shah (DIN 00230383) Director of the company will retire by rotation and being eligible, offers himself for reappointment

DIRECTORS RESPONSIBILITY STATEMENT:

As per Section 217(2AA) of the companies Act, 1956, the Board of Directors report that:

1) In the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;

2) Appropriate accounting policies have been selected and applied consistently and such judgments and estimates have been made 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 financial year and of the profit or loss of the company for that period:

3) Proper and sufficient care has been taken for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities

4) The annual accounts have been prepared on a going concern basis.

AUDITORS:

M/s. ASHVIN K YAGNIK & CO, Chartered Accountants, Ahmedabad, the auditors of the company retires at the annual general meeting and is eligible for reappointment. You are requested to appoint auditors and authorize the Board of Directors to fix their remuneration.

STATUTORY INFORMATION:

As no employee of the Company was in receipt of gross remuneration of Rs.2,00,000/- or more per annum during the year, provision of section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rule 1957 are NIL.

The Company (Disclosure of Particulars under Report of Directors) Rule 1988, regarding the Conservation of energy, technology absorption is not applicable to the company. The Company has neither any earning nor any outflow of foreign exchange during the year under review.

In accordance with Listing Agreement with the Sock Exchanges, It is hereby confirmed that the shares of the company are listed on following Stock Exchange and there are no arrears of listing fees:

1. Ahmedabad Stock Exchange, Ahmedabad

2. Bombay Stock Exchange, Mumbai

3. Vadodara Stock Exchange, Vadodara

ACKNOWLEDGEMENT:

The Board to express it sincere appreciation to all the staff members for their contribution to the performance of the company and to valued clients, bankers and shareholders for their continued support.

For and on behalf of Board of Directors

Place: Ahmedabad Mr. Pragnesh R. Shah Date: 28/04/2014 Chairman & Managing Director


Mar 31, 2010

The directors have pleasure in presenting their Fifteenth Annual Report together with Audited Accounts for the year ended on 31st March, 2010

FINANCIAL RESULTS

The financial result of the company for the year under review is summarized here in below for your consideration.

Year ended on 31- March, 2010

(Rs .in Lacs)

Total Income 137.19

Total Expenditures 113.96 Depreciation 0.88

Profit/(Loss) during the year 22.35

In view of brought forward losses your directors do not recommend any dividend.

OPERATIONS:

The year under review was a buoyant year for the capital markets. The Bombay Sock Exchange Sensitive Index touched heights, Yours directors put in all there possible efforts to earn as much profits as possible during the year, However in the closing Stages of the year the market was not that high as expected and due to the same profits as anticipated /Planned was not earned -

CORPORATE GOVERNANCE

A separate section on corporate governance and a certificate from the Auditors of the Company regarding Compliance of Conditions of Corporate Governance as stipulated under clause 49 of the listing agreement with the Stock Exchanges, form part of annual report.

DIRECTORS:

At the ensuing annual general meeting, Mr. Dashrath Thakkar Director of the company will retire by rotation and being eligible, offers himself for reappointment.

DIRECTORS RESPONSIBILITY STATEMENT:

As per Section 217(2AA) of the companies Act, 1956, the Board of Directors report that:

1) In the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;

2) Appropriate accounting policies have been selected and applied consistently and such judgments and estimates have been made 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 financial year and of the profit or loss of the company for that period:

3) Proper and sufficient care has been taken for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities

4) The annual accounts have been prepared on a going concern basis.

AUDITORS:

M/s. ASH VIN K YAGNIK & CO, Chartered Accountants, Ahmedabad, the auditors of the company retires at the annual general meeting and is eligible for reappointment. You are requested to appoint auditors and authorize the Board of Directors to fix their remuneration.

STATUTORY INFORMATION:

As no employee of the Company was in receipt of gross remuneration of Rs.2,00,000/-or more per annum during the year, provision of section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rule 1957 are NIL. The Company (Disclosure of Particulars under Report of Directors) Rule 1988, regarding the Conservation of energy, technology absorption is not applicable to the company. The Company has neither any earning nor any outflow of foreign exchange during the year under review.

In accordance with Listing Agreement with the Sock Exchanges, It is hereby confirmed that the shares of the company are listed on following Stock Exchange and there are no arrears of listing fees:

1. Bombay Stock Exchange, Mumbai

2. Vadodara Stock Exchange, Baroda

3. Ahmedabad Stock Exchange, Ahmedabad

ACKNOWLEDGEMENT:

The Board to express it sincere appreciation to all the staff members for their contribution to the performance of the company and to valued clients, bankers and shareholders for their continued support.

For and on behalf of Board of Directors Place: Ahmedabad Mr. Pragnesh R. Shah

Date: 27/04/2010 Chairman & Managing Director

 
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