Mar 31, 2014
Dear members,
The Directors have pleasure in presenting the Annual Report together
with the Audited Statement of Accounts for the year ended 31st March,
2014.
* FINANCIAL RESULTS:
The summarized financial results for the year ended 31st March, 2014
are as under:
(Rs. in Lacs)
Particulars 2013-2014 2012-2013
1. Profit before Interest, Depreciation
and Tax 133.08 9.53
2. Interest - -
3. Depreciation - -
4. Profit (Loss) Before Tax 36.50 9.53
5. Provision for taxation 0.00 0.00
6. Profit (loss) after Tax 36.50 9.53
* DIRECTORS:
Mr. Purvesh Chauhan director of the Company retires by rotation at this
annual general meeting and being eligible, offers himself for
reappointment. The board of directors recommends the appointment of the
directors.
* DIVIDEND:
Your director do not recommend dividend for the year.
* PUBLIC DEPOSITS:
The company has not accepted the fixed deposits during the year under
report.
* AUDITORS:
To re-appoint M/s. Ashok Rajpara & Associates, Chartered Accountants as
an auditor of the company up to conclusion of next annual general
meeting.
* AUDITORS REPORT:
The Auditors report is self-explanatory and so far, there is no
negative remark by the Auditors.
* DIRECTORS RESPONSIBILITY STATEMENT:
Pursuant to the requirement under section 217 (2AA) of the Companies
Amendment Act, 2000 with respect to Director Responsibility Statement
it is hereby confirmed:
1. That in the preparation of the annual accounts for the financial
year ended 31st March, 2014 the applicable accounting standards had
been followed along with proper explanation relating to material
departures.
2. 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 of
loss of the Company for the year under review.
3. That the directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provision 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 had prepared the accounts for the financial year
ended 31st March, 2014 on a going concern basis.
* PARTICULARS OF THE EMPLOYEES:
The Company has no employee to whom the provision of Section 217(2A) of
the Companies Act, 1956 read with the Companies (Particulars of
Employees) Rules, 1975 apply and so it is not applicable to the
company.
* CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNINGS AND OUT GO:
The additional information required under Section 217(1)(e) of the
Companies Act, 1956 relating to Conservation of energy, technology
absorption and foreign exchange earnings or outgoes is not applicable.
* MANAGEMENT DISCUSSION AND ANALYSIS REPORT:
Management discussion and analysis are covered in a separate report
annexed hereto and marked as Annexure "A"
* CORPORATE GOVERNANCE:
A separate report on corporate governance is enclosed as a part of this
annual report. Requisite Certificate from the Auditors of the company
regarding compliance of Corporate Governance as stipulated under clause
49 of the Listing agreement is annexed to the report of the corporate
governance. Adequate steps to ensure compliance of all mandatory
provisions of corporate Governance as provided in the listing
agreements of the Stock Exchanges with the Company.
* APPRICIATION:
The Directors wish to thank and deeply acknowledge the cooperation and
assistance received from the Bankers, Suppliers and shareholders. The
Director also wishes to place on record their appreciation of the
devoted services of employees of the Company.
DATE: 01/09/2014 FOR AND ON BEHALF OF THE
PLACE: AHMEDABAD BOARD OF DIRECTORS
SD/- SD/-
DIRECTOR DIRECTOR
Mar 31, 2013
Dear Members,
The Directors have pleasure in presenting the Annual Report together
with the Audited Statement of Accounts for the year ended 31st March,
2014.
- FINANCIAL RESULTS:
The summarized financial results for the year ended 31st March, 2014
are as under:
(Rs. in Lacs)
Particulars 2013-2014 2012-2013
1. Profit before Interest, Depreciation
and Tax 133.08 9.53
2. Interest - -
3. Depreciation - -
4. Profit (Loss) Before Tax 36.50 9.53
5. Provision for taxation 0.00 0.00
6. Profit (loss) after Tax 36.50 9.53
- DIRECTORS:
Mr. Purvesh Chauhan director of the Company retires by rotation at this
annual general meeting and being eligible, offers himself for
reappointment. The board of directors recommends the appointment of the
directors.
- DIVIDEND:
Your director do not recommend dividend for the year.
- PUBLIC DEPOSITS:
The company has not accepted the fixed deposits during the year under
report.
- AUDITORS:
To re-appoint M/s. Ashok Rajpara & Associates, Chartered Accountants as
an auditor of the company up to conclusion of next annual general
meeting.
- AUDITORS REPORT:
The Auditors report is self-explanatory and so far, there is no
negative remark by the Auditors.
- DIRECTORS RESPONSIBILITY STATEMENT:
Pursuant to the requirement under section 217 (2AA) of the Companies
Amendment Act, 2000 with respect to Director Responsibility Statement
it is hereby confirmed:
1. That in the preparation of the annual accounts for the financial
year ended 31st March, 2014 the applicable accounting standards had
been followed along with proper explanation relating to material
departures.
2. 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 of loss of the Company for the year under review.
3. That the directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provision 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 had prepared the accounts for the financial year
ended 31st March, 2014 on a going concern basis.
- PARTICULARS OF THE EMPLOYEES:
The Company has no employee to whom the provision of Section 217(2A) of
the Companies Act, 1956 read with the Companies (Particulars of
Employees) Rules, 1975 apply and so it is not applicable to the
company.
- CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNINGS AND OUT GO:
The additional information required under Section 217(1)(e) of the
Companies Act, 1956 relating to Conservation of energy, technology
absorption and foreign exchange earnings or outgoes is not applicable.
- MANAGEMENT DISCUSSION AND ANALYSIS REPORT:
Management discussion and analysis are covered in a separate report
annexed hereto and marked as Annexure "A"
- CORPORATE GOVERNANCE:
A separate report on corporate governance is enclosed as a part of this
annual report. Requisite Certificate from the Auditors of the company
regarding compliance of Corporate Governance as stipulated under clause
49 of the Listing agreement is annexed to the report of the corporate
governance. Adequate steps to ensure compliance of all mandatory
provisions of corporate Governance as provided in the listing
agreements of the Stock Exchanges with the Company.
- APPRICIATION:
The Directors wish to thank and deeply acknowledge the cooperation and
assistance received from the Bankers, Suppliers and shareholders. The
Director also wishes to place on record their appreciation of the
devoted services of employees of the Company.
DATE: 01/09/2014 FOR AND ON BEHALF OF THE
PLACE: AHMEDABAD BOARD OF DIRECTORS
SD/- SD/-
DIRECTOR DIRECTOR
Mar 31, 2011
The Members Parth Finstock Ltd.
The Directors have pleasure in presenting the Annual Report together
with the Audited Statement of Accounts for the year ended 31st March,
2011.
FINANCIAL RESULTS:
The summarized financial results for the year ended 31st March, 2011
are as under:
(Rs. in Lacs)
Particulars 2010-2011 2009-10
1. Profit before Interest,
Depreciation and Tax 0.00 0.00
2. Interest -- --
3. Depreciation -- --
4. Profit (Loss) Before Tax (0.068) (0.035)
5. Provision for taxation 0.00 0.00
6. Profit (loss) after Tax (0.068) (0.035)
DIRECTORS:
Vishal Mistry director of the Company retires by rotation at this
annual general meeting and being eligible, offers himself for
reappointment. The board of directors recommends the appointment of the
directors.
DIVIDEND:
Your director do not recommend dividend for the year.
FIXED DEPOSITS:
The company has not accepted the fixed deposits during the year under
report. AUDITORS:
Sangawat & Associates, Auditors of the Company retires at the
conclusion of this Annual General Meeting and appoint M/s. Bipinchandra
J. Modi & Co., Chartered Accountants as an auditor of the company up to
conclusion of next annual general meeting.
AUDITORS REPORT:
The Auditors report is self-explanatory and so far, there is no
negative remark by the Auditors.
DIRECTORS RESPONSIBILITY STATEMENT:
Pursuant to the requirement under section 217 (2AA) of the Companies
Amendment Act, 2000 with respect to Director Responsibility Statement
it is hereby confirmed:
1. 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.
2. 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 of
loss of the Company for the year under review.
3. That the directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provision 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 had prepared the accounts for the financial year
ended 31st March, 2011 on a going concern basis.
PARTICULARS OF THE EMPLOYEES:
The Company has no employee to whom the provision of Section 217(2A) of
the Companies Act, 1956 read with the Companies (Particulars of
Employees) Rules, 1975 apply and so it is not applicable to the
company.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNINGS AND OUTGO:
The additional information required under Section 217(1)(e) of the
Companies Act, 1956 relating to Conservation of energy, technology
absorption and foreign exchange earnings or outgoes is not applicable.
ACKNOWLEDGMENT:
The Directors wish to thank and deeply acknowledge the cooperation and
assistance received from the Bankers, Suppliers and shareholders. The
Director also wishes to place on record their appreciation of the
devoted services of employees of the Company.
DATE: 04.09.2011 FOR AND ON BEHALF OF THE
PLACE: AHMEDABAD BOARD OF DIRECTORS
Sd/-
CHAIRMAN
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