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Directors Report of Enterprise International Ltd.

Mar 31, 2014

THE MEMBERS

The Directors have pleasure in presenting the Twenty fifth Annual Report together with Audited Accountsof the Company for the Financial year ended on 31 st March,2014.

1. FINANCIAL RESULTS:

The summarized Financial results are as under: (Rupees in Lacs) Year ended Year ended 31.03.2014 31.03.2013

Total Income 7067.00 3209.79

Profit before Interest depreciations Tax 58.84 73.03

Less: Interest 20.46 34.93

Profit before Depreciations Tax 38.38 38.10

Less: Depreciation 14.05 14.18

Profit/(Loss)beforeTax 24.33 23.92

Less: Provision for Tax 6.76 3.29

Profit/(Loss)afterTax 17.57 20.63

Add: Surplus brought forward 183.47 162.84

Surplus carried to Balance Sheet 201.04 183.47

2. OPERATIONS:

There has been marginal increase in the profit during the year. Your company expects better results during the current year.

3. DIVIDEND

In view of Marginal Profit the Board does not recommend any dividend.

4. DIRECTORS

Sri Gopal Das Sarda and Sri Aditya sarda retire at the ensuing Annual General Meeting in accordance with the provisions of Articles of Association of the Company and being eligible offer themselves for re-appointment.

5. AUDITORS

M/s K. M TAPURIAH & Co., Chartered Accountant, Kolkata, the Auditors of the Company hold Office until the conclusion of the forthcoming Annual General Meeting and being eligible offer themselves for re-appointment. The Company has received a letter from them to the effect that their re-appointment, if made, shall be within the limits prescribed U/s 141 of the Companies Act, 2013.

6. PERSONNEL

Your Directors place on record their appreciation for the dedication and contribution made by Employees.Particulars of Employeesas per Section217(2-A)of the Companies Act, 1956 read with the companies (Particulars of Employees) Rules, 1975 is not furnished as there was no Employee in receipt of remuneration exceeding the limits fixed under the said provisions of the Act.

7. AUDITORS REPORT

The note to the Accounts referred to in the Auditor''s Report are self explanatory and, therefore, donotcall for any fur the rcomment under Section217(3) of the Companies Act,1956.

8. STATUTORY INFORMATION

The Company has no activities requiring disclosures relating to conservation of Energy etc. The Technology is indigenous based on hand process. During the year under review the earnings in Foreign Currency was Rupees NIL and the Expenditure in Foreign Currency was Rs. 2882.40 Lacs.

9. DIRECTORS'' RESPONSIBILITY STATEMENT

Pursuant to the Provisions of Sub-section(2AA) of Section 217 of the Companies Act, 1956, your Directors confirm:

i) That in the preparation of the Annual Accounts, the applicable Accounting standards have been followed

ii) That the accounting Policies selected have been applied consistently and judgments and estimates made are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31st March, 2014 and of the Profit of the Company forthat year ended on thatdate;

iii) That proper and sufficient care had been taken 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) That the annual accounts had been prepared on a going concern basis.

10. SECRETARIAL COMPLAINCE CERTIFICATE

Pursuant to provision of Section 383 A (1) of the Companies Act, 1956, the Company has obtained Secretarial Compliance Certificate from a Company Secretary in wholetime practice. A copy of the Compliance Certificate is annexed herewith with the Directors Report.

11. DEMATERIALIZATION OF SHARES

The Company has tied up with National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) for dematerialization of shares. The ISIN No. allotted to the Company is INE439G01019. Investor can exercise dematerialization of shares through a recognized Depository Participant (DP) who is connected to NSDLor CDSL.

12. ACKNOWLEDGEMENT

Your Directors would like to place on record their sincere appreciation for the support and continued co-operation extended by Government Authorities, the Shareholders, Banks and Customers.

For and on behalf of the Board GOPAL DAS SARDA Chairman Place : Kolkata Date :29.05.2014


Mar 31, 2013

TO THE MEMBERS

The Directors have pleasure in presenting the Twenty fourth Annual Report together with Audited Accounts of the Company for the Financial year ended on 31st March, 2013.

1. FINANCIAL RESULTS :

The summarized Financial results are as under :

(Rupees in Lacs) Year ended Year ended 31.03.2013 31.03.2012

Total Income 3209.79 3276.76

Profit before Interest Depreciation & Tax 73.03 55.02

Less: Interest 34.93 29.98

Profit before Depreciation & Tax 38.10 25.04

Less: Depreciation 14.18 12.00

Profit/(Loss) before Tax 23.92 13.04

Less: Provision for Tax 3.29 3.58

Profit/(Loss) after Tax 20.63 9.46

Add: Surplus brought forward 162.84 53.38

Surplus carried to Balance sheet 183.47 162.84

2. OPERATIONS :

There has been marginal increase in the profit during the year. Your company will strive for better results during the current year.

3. DIVIDEND :

In view of Marginal Profit the Board does not recommend any dividend.

4. DIRECTORS :

Sri Jai Narayan Nathany and Sri Shibnath Mazumdar retire at the ensuing Annual General Meeting in accordance with the provisions of Articles of Association of the Company and being eligible offer themselves for re-appointment.

5. AUDITORS :

M/s K. M .TAPURIAH & Co., Chartered Accountant, Kolkata, the Auditors of the Company hold Office until the conclusion of the forthcoming Annual General Meeting and being eligible offer themselves for re-appointment. The Company has received a letter from them to the effect that their re-appointment, if made, shall be within the limits prescribed L''/s 224 (IB) of the Companies Act, 1956.

6. PERSONNEL :

Your Directors place on record their appreciation for the dedication and contribution made-by Employees. Particulars of Employees as per Section 217 (2-A) of the Companies Act, 1956 read with the companies (Particulars of Employees) Rules, 1975 is not furnished as there was no Employee in receipt of remuneration exceeding the limits fixed under the said provisions of the Act.

7. AUDITORS REPORT :

The note to the Accounts referred to in the Auditor''s Report are self explanatory and, therefore, do not call for any further comment under Section 217 (3) of the Companies Act, 1956.

8. STATUTORY INFORMATION :

The Company has no activities reouiring disclosures relating to conservation of Energy etc. The Technology is indigenous based on hand process. During the year under review the earnings in Foreign Currency was Rupees NIL and the Expenditure in Foreign Currency was Rs.2165.63 Lacs.

9. DIRECTORS'' RESPONSIBILITY STATEMENT :

Pursuant to the Provisions of Sub - section (2 AA) of Section 217 of the Companies Act, 1956, your Directors confirm :

i) That in the preparation of the Annual Accounts, the applicable Accounting standards have been followed

ii) That the accounting Policies selected have been applied consistently and judgments and estimates made are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31st March, 2013 and of the Profit of the Company for that year ended on that date ;

iii) that proper and sufficient care had been taken 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) That the annual accounts had been prepared on a going concern basis.

10. SECRETARIAL COMPANY CERTIFICATE

Pursuant to provision of Section 383 A (1) of the Companies Act, 1956, the Company has obtained Secretarial Compliance Certificate from a Company Secretary in whole- time practice. A copy of the Compliance Certificate is annexed herewith with the Directors Report.

11. DEMATERIALIZATION OF SHARES :

The Company has tied up with National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) for dematerialization of shares. The ISIN No. allotted to the Company is INE439G01019. Investor can exercise dematerialization of shares through a recognized Depository Participant (DP) who is connected to NSDL or CDSL.

12. ACKNOWLEDGEMENT :

Your Directors would like to place on record their sincere appreciation for the support and continued co-operation extended by Government Authorities, the Shareholders, Banks and Customers.

Place: Kolkata For and on behalf of the Board

Date : 29.05.2013 GOPAL DAS SARDA

Chairman


Mar 31, 2010

The Directors have pleasure in presenting their Twenty First Annual Report together with Audited Accounts of the Company for the Financial year ended on 31 st March, 2010.

1. FINANCIAL RESULTS

The summerised Financial results are as under:

(Rupees in Lacs) Year ended Year ended 31.03.2010 31.03.2009

Total Income 1905.90 1731.29

Profit before Interest

Depreciation & Tax 18.80 3.42

Less: Interest 0.37 0.50

Profit before Depreciation & Tax 18.43 2.92

Less: Depreciation 6.61 5.23

Profit /(Loss) before Tax 11.82 (1.86)

Less: Provision for Tax 1.59 0.57

Profit/(Loss) after Tax 10.23 (2.43)

Adjustment relating to earlier year taxation 0.04 0.57

Add : Surplus brought forward 130.52 133.52

Surplus carried to Balance Sheet 140.71 130.52

2. OPERATIONS:

Due to recession and wild fluctuation in exchange rates, the demand and prices of Silk Fabrics as well as Silk Yarn were very erratic. Your Company has posted a net Profit of Rs. 10.19 Lacs for the year. Efforts are being made to improve the protifitability.

3. DIVIDEND:

In view of marginal profit the Board does not recommend any dividend.

4. DIRECTORS:

Sri Jay Narayan Nathany retires at the ensuing Annual General Meeting in accordance with the provisions of Articles of Association of the Company and being eligible offers himself for re- appointment.

Sri Anjan Kumar Dutta was appointed as an Addition at Director during the year. A Notice has been received to propose his name as a Director of the Company liable to retire by rotation.

5. AUDITORS:

M/s K M Tapuriah & Co., Chartered Accountant, Kolkata, the Auditors of the Company hold office until the conclusion of the forthcoming Annual General Meeting and being eligible offers themselves for re-appointment. The Company has received a letter from them to the effect that their re-appointment, if made, shall be within the limits prescribed U/s 224 (1B) oh the Companies Act, 1956.

6. PERSONNEL:

Your Directors are place on record their appreciation for the dedication and contribution made by employees. Particulars of Employees as per Section 217(2-A) of the Companies Act, 1956 read with the companies (Particulars of Employees) Rules, 1975 is not furnished as there was no Employees in receipt of remuneration exceeding the limits fixed under the said provision of the Act.

7. AUDITORS REPORT:

The notes to the Accounts referred to in the Auditors Report are self explanatory and, therefore, do not call for any further comment under Section 217(3) of the Companies Act, 1956.

8. STATUTORY INFORMATION:

The Company has no activities requiring disclosures relating to conservation of Energy etc. The Technology is indigenous based on hand process. During the year under review the earnings in Foreign Currency was Rupees NIL and the Expenditure in Foreign Currency was Rs. 1500.04 Lacs.

9. DIRECTORS RESPONSIBILITY STATEMENT :

Pursuant to the Provisions of Sub-Section (2-A) of Section 217 of the Companies Act, 1956, your Directors confirm :

i) That in the preparation of the Annual Accounts, the applicable Accounting standards had been followed alongwith proper explanation relating to material departures;

ii) That the accounting Policies selected had been applied consistently and judgements and estimates made 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 on 31st March, 2010 and of the marginal profit of the Company for that year;

iii) That proper and sufficient care had been taken 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) That the annual accounts had been prepared on a going concern basis.

10. SECRETERIAL COMPANY CERTIFICATE :

Pursuant to provision of Section 383 A (1) of the Companies Act, 1956, the Company has obtained Secretarial Compliance Certificate from a Company Secretary in whole time practice. A copy of the Compliance Certificate is annexed herewith with the Directors Report.

11. DEMATERIALIZATION OF SHARES :

The Company has tied up with National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) for dematerialization of shares. The ISIN No. alloted to the Company is INE439G01019. Investor can exercise dematerialization of shares through a recognised Depository Participant (DP) who is connected to NSDL or CDSL.

12. ACKNOWLEDGEMENT :

Your Directors would like to place on record their sincere appreciation for the support and continued co-operation extended by Government Authorities, the Shareholders, Banks, Customers.

For and on behalf of the Board Place : Kolkata GOPAL DAS SARDA

Date : 31.05.2010 Chairman

 
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