Mar 31, 2014
The Directors have pleasure in presenting the 25th Annual Report of the Company together with Audited Accounts for the year ended 31-03-2014.
PARTICULARS (Rs. in Lakhs)
YEAR ENDED 31-03-2014 YEAR ENDED 31-03-2013
Total Income 100.00 52.64
Profit and Loss Before 0.90 (10.16) Interest and Depreciation
Depreciation - -
Profit/(Loss) for the year 0.90 (10.16)
Profit (Loss) before Tax 0.90 (10.16)
Balance brought forward (447.29) (437.13)
Balance carried forward (447.63) (447.29)
MANAGEMENT DISCUSSION AND ANALYSIS REPORT
As required by Clause 49 of the Listing Agreement with Stock Exchange, a detailed Management Discussion and Analysis Report is presented in a separate section forming part of the annual report.
As per provisions of the Companies Act, 2013, Mr. Parth Dineshbhai Kanabar and Mr, Rajeshwar Bhagat, Independent Directors, are proposed to be reappointed at the ensuing AGM for a term of five years.
Mr. Shahank Vijay Panwar, Non-Executive Director, retires by rotation at the ensuing AGM and being eligible offers himself for re-appointment.
None of the Directors are disqualified under section 164 (2) of the Companies Act, 2013.
Due to accumulated losses of the previous years, your Directors are unable to recommend any dividend for the year under review.
M/s. Arpan Chudgar & Associates, CHARTERED ACCOUNTANTS, Ahmadabad, retire at the ensuing Annual General Meeting of the company and are eligible for reappointment.
AUDIT REPORT & ACCOUNTS
The comments on statement of accounts referred to in the report of the auditors are self-explanatory.
PARTICULARS OF EMPLOYEES
Particulars of employees required to be furnished under section 217 (2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975, as amended in 2011 to this report are- NIL.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION
In view of the nature of activities which are being carried on by the Company, the particulars as prescribed under Section 217(1 )(e) of the Companies Act, 1956 read with Companies'' (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988 regarding Conservation of Energy And Technology Absorption are not applicable to the Company,
FOREIGN EXCHANGE EARNINGS & OUTGO
The Company mainly deals in domestic market and has NIL sales on account of exports, thereby resulting NIL foreign exchange earnings and outgo during the accounting Year 2013-14.
DIRECTOR''S RESPONSIBILITY STATEMENT
Pursuance to section 217(2AA) we state -
I) That in the preparation of the annual accounts the applicable accounting standards had been followed and there is no material departure;
ii) that your directors had selected such accounting policies and applied them consistently and 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 at the end of the accounting year and of the profit or loss of the company for that year;
iii) that your directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities and
iv) that your directors had prepared the annual accounts on a going concern basis.
The Company has been taken over by Kamlesh D. Korodiya & Hiren Kumar Rashiklal Doshi, vide Share purchase agreement(SPA) dated June 14, 2013, in compliance with SEBI(Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The Promoter Shareholding of 8,83300 Equity Shares of the Company was transferred to acquirers Kamlesh D. Korodiya, commerce graduate having 15 years of experience in the field of consultancy of accounts, taxation & software technologies and Hiren Kumar Rashiklal Doshi, undergraduate engaged in the business of trading in Fabrics, Textiles & Capital goods and having experience of 5 years, on June 14, 2013 at Rs. 1/- per equity share in terms of the share purchase agreement amongst themselves in terms of the provisions of Securities & Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The same was communicated to the Stock Exchanges at the relevant times.
Further new Board has been introduced as Kamlesh D. Koradiya , Shashank Vijay Panwar, Prajesh R. Rupareliya, Prajesh R. Rupareliya and Sunil Ganesh Bhave in Place of the existing Board of Directors.
Pursuant to requirements of Section 383A(1) of the Companies Act, 1956, with respect to Compliance Certificate, the Company has obtained Compliance Certificate from Practicing Company Secretary, for the Accounting Year ended 31.03.2014.
CORPORATE GOVERNANCE REPORT
Your Company always places major thrust on managing its affairs with diligence, transparency, responsibility and accountability thereby upholding the important dictum that an organization''s corporate governance philosophy is directly linked to high performance.
The Company understands and respects its fiduciary role and responsibility towards its stakeholders and Society at large, and strives to serve their interests, resulting in creation of value and wealth for all stakeholders.
The Compliance report on corporate governance and a certificate from M/s Arpan Chudgar & Associates, Chartered Accountants, Statutory Auditors of the Company, regarding compliance of the conditions of corporate governance, as stipulated under clause 49 of the listing agreement with the stock exchanges, is attached herewith to this report.
Your directors wish to convey their thanks to their Employees, Shareholders, Bankers and auditors for continuance of their support.
By Order Of the Board of Directors For EMED .COM TECHNOLOGIES LIMITED
Sd/- Place : Hyderabad Parth Dineshbhai Kanabar Date : 19-08-2014 DIRECTOR
Mar 31, 2010
To The Members of M/s. EMED COM TECHNOLOGIES LIMITED.
The director have pleasure in presenting the 21th Annual Report of the Company together With Audited Accounts for year ended 31.03.2010.
FINANCIAL RESULTS (Rs. in lakhs)
YEAR ENDED YEAR ENDED 31-03-2010 31-03-2009
Collections Nil Nil
Profit Income 2.11 0.94
Profit (Loss) before Tax 0.03 0.02
Balance brought forward (438.78) (438.79)
Balance earned forward (438.75) (436.79)
The Company has not accepted fixed deposits as on 31st MARCH 2010 so to attract the provision of the Companies Act, 1956 read With the (Acceptance of the Deposits) Rules, 1975 as amended from time to time.
INFORMATION REQUIRED UNDER SECTION 217 (1)(e) OF THE COMPANIES 1956 READ WITH THE COMPANIES (DISCLOSURE OF PARTICULARS INTHE REPORT OF BOARD OF DIRECTOR) RULES, 1988.
(a)Conservation of Energy : The Company is monitoring the Conservation of energy and is identifying measures for conservation of energy.
(b) Research and Development (R & D): No research and Development has been carried out.
(ii)Technology Absorption, adaption and innovation-No technology either indigenous or Foreign is involved.
(c) Foreign exchange earnings and outgo: Nit.
PARTICULARS OF EMPLOYEES
In pursuance of the provision of section 217 (2A) of the companies Act, 1956 read with the Companies (particulars of Employees) Rules 1975, the Directors are to report that no employee was in receptor of remuneration of Rs.24.00.000/- or more per annum or Rs.2.00.000/- or more per month where employed for a part of the year.
Sri M. Sri kith Reddy, by rotation at the ensuing Annual General Meeting and being eligible offer himself for re-appointment.
REPORT ON CORPRATE GOVERNANCE
corporate governance Report is set out as separate Annexure to this Report.
MANAGEMENT DISCUSSIONS AND ANALYSIS REPORT: Pursuant to Clause 49 of the Listing Agreement, a Management Analysis Roped is given below:
A. INDUSTRY BACKGROUND
The hospital software and Telemedicine software is being developed in our country to meet specific requirements of local hospitals.
B. INDUSTRY OUTLOOK
Non-availability of specialists in town and village has given room for net worrying of the rural hospitals to specialty hospitals in cities.
Growth of hospitals and diagnostic centers all over the country has also responsible for the development of software in Hospitals operation, quality Validation, Emergency Care, etc.
C.INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:
The Company has adequate internal control system that defines roles and responsibilities of people across various levels of the organization. these systems facilitate effective checks and controls as well as tight monitoring on a continuous basis.
D. MATERIAL DEVELOPMENTSN IN HUMAN RESOURCES/INDUSTRIAL RELATIONS:
The Company is able to retain the experienced staff, Company feels confident of keeping its manpower costs to below industry norms, with emphasis on becoming customer-centric, the staff are regularly exposed to training & Orientation programmers not a only in their respective fields but also in public relations.
STATEMNT PURSUANT TO LISTING AGREEMENT
presently the Company's Equity shares are listed at
1. Bombay Stock Exchange Limited (BSE), Mumbai and the company has not paid the Annual Listing Fees to the above Stock Exchanges for the year 2010-10
DIRECTORS RESPONSIBILITY STATEMENT
As required under section 217(2AA) of the companies Act, 1956 which was introduced by the companies (Amendment) Act, 2000, Your Directors confirm that:
i) that in the preparation of the Annual Accounts, for the year ended 31st March, 2010, the applicable accounting standards have been followed and there are no material departures;
ii) we have selected appropriated accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to given a true an fair view of the state of affairs of the company as on 31st March, 2010 and of the Loss of the company for the financial year ended 31st March, 2010.
iii) we 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; and
iv) we have prepared the annual accounts for the financial year ended 31 2010 on a going concern basis.
M/s. P. MURALI & Co., Chartered Accountants, retiring auditors of the Company being eligible offer themselves for reappointment as auditors of the Company. M/s P.MURAL.I & Co., Chartered Accountants have furnished a certificate of their 224 (1B) of the Companies Act, 1958 Ten members arc requested to reappoint the auditors and authorize the Board of Deodars of the Connery to fix their remuneration
The relations between the management and the staff were very cordial throughout the year under review. Your Directors take this opportunity to record their appreciation for the co-operation and loyal services rendered by the employees.
SHIFTING OF REGISTERED OFFICE OF THE COMPANY:
In the month of August Company has shifted its Registered office from Room No: 116, 2nd Floor, 1-2-379, Domalguda, Hyderabad- 500029. To # 1001, 3-6-286/1&2, Hyderguda, Hyderabad-500029. ACKNOWLEDGEMENTS
The Directors express their appreciation of the active help and assistance rendered by Banks, Financial Institutions, the Medical: Professionals, the Officers and the other Employees of the Company
BY ORDER OF THE BOARD OF DIRECTORS
for emed.com technologies LIMITED
M VENUMADHAV P RATNAKAR REDDY
PLACE : HYDERABAD
DATE : 02-09-2010