Mar 31, 2014
Dear Members,
The Directors have pleasure in presenting the Annual Report on the
business and operations of the Company together with the Audited
Accounts for the year ended 31st March, 2014.
FINANCIAL HIGHLIGHTS:
The summarized performance of the Company for the years 2013-2014 and
2012-13 is given below:
(in lacs)
Particulars For Financial Year Ended
March 31, 2014 March 31, 2013
Total Income 338.28 84.76
Total Expenditure 332.82 84.25
Profit after Depreciation but before Tax 6.92 0.51
Less: Current Tax 1.90 0.16
Add: Excess Provision of Income Tax of 0.00 0.00
Previous years
Profit / (Loss) After Tax 3.69 0.35
Proposed Dividend 0.00 0.00
Tax on Dividend 0.00 0.00
Transferred to Statutory Reserves 0.00 0.00
FINANCIAL PERFORMANCE:
During the year under review, Your Company has recorded a total income
of Rs. 338.28 (lacs) against Rs. 84.76 (lacs) in the previous year.
Profit after taxation for the financial year ended on 31st March, 2014
increased to Rs. 3.69 (lacs) as against Rs. 0.35 (lacs) in the
previous year.
DIRECTORS
Ms. Deeksha Sharma (DIN 06971436) who was co-opted as an additional
Director on the Board of the Company w.e.f 15th September, 2014 has
been appointed as a Director liable to retire by rotation.
Mr. Sanjay Rathore (DIN: 06971438) and Mr. Kuldeep Kumar (DIN:
06973941) who were co-opted as an additional Director on the Board of
the Company w.e.f 15th September, 2014 has been appointed as an
Independent Director on the Board of the Company.
Mr. Amit Kumar Saxena and Mr. Mukesh Kumar have resigned from the
Directorship with effect from 15th September, 2014.
AUDITOR
The Auditors M/s. Mrigank Rai & Associates, Chartered Accountants,
having firm registration no. 023818N being eligible offer himself for
re-appointment has given their consent to be appointed as Statutory
auditors for the Financial Year 2014-15.
The Company has received undertaking from M/s. Mrigank Rai & Associates
to the effect that his re- appointment, if made, would be in accordance
with the Act and that they are not disqualified for such re-
appointment.
A Board of directors of the company has recommended their
re-appointment in the ensuing Annual General Meeting.
RAISING OF CAPITAL:
Our Company raised the funds through following sources:
S.No. Mode of raising Funds Date of event Amount Raised
1 Bonus Issue 12/10/2013 16405000
2 Preferential Allotment 25/10/2013 30000000
3 Preferential Allotment 02/39/2014 43330000
RIGHT ISSUE:
During the year under review, the Board of Directors of Company did not
come with the Right Issue.
DIVIDEND
To Plough back the profits into the business, the Board of Directors
has not declared any dividend during the year.
DEPOSITS:
During the year under review, Your Company has not accepted the
deposits under section 58A of the Companies Act, 1956 and Companies
(Acceptance of deposits) Rules 1975 as amended upto date.
CONVERSION OF COMPANY FROM PRIVATE LIMITED TO PUBLIC LIMITED
Our Company was converted into Public Limited Company and consequently
the name was changed from "Funny Software Private Limited" to "Funny
Software Limited" vide fresh certificate of incorporation dated 23rd
August, 2014, issued by the Registrar of Companies, National Capital
Territory of Delhi & Haryana.
PUBLIC DEPOSIT
Your Company has not accepted any deposits from the public during the
year under review.
PARTICULARS OF EMPLOYEES
The provisions of section 217(2A) of the Companies Act, 1956 are not
applicable as no employee was in receipt of remuneration to the extent
laid down therein.
ENERGY, TECHNOLOGY & FOREIGN EXCHANGE
Information in accordance with the provision of Section 217 (I) (e) of
the Companies Act, 1956, read with Companies (Disclosure of Particulars
in the Report of Board of Directors) Rules 1988 being not
relevant/significant, are not given. There were no foreign exchange
earnings or outgo during the year under review.
DIRECTORS RESPONSIBILITY STATEMENTS
Pursuant to section 217 (2AA) of the companies ACT, 1956, 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
along with proper explanation relating to material departures.
(ii) That the directors have 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 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 fraud and other
irregularities;
That the Directors have prepared the accounts for the financial year
ended 31st March, 2014 on a going concern basis.
ACKNOWLEDGEMENT
The board wishes to express and place on records its gratitude for the
faith reposed in and cooperation extended to the company by the
shareholders of the company. Your directors wish to place on record
their deep sense of appreciation for the devoted and sincere services
of the executives, staff and workers of the company for its success.
Date: 22/09/2014
Place: New Delhi
By Order of the Board
For Funny Software Limited
Sachin Singh Deeksha Sharma
DIN:06938911 DIN: 06971436
Whole Time Director Director
Mar 31, 2011
Dear Members,
Your directors have the pleasure in presenting the Fourth Annual report
with the audited statement of accounts for the year ended on 31st
March'2011. Your directors are looking forward for continued cordiality
of relationship between the members and the directors.
Financial Results
The Company has not commenced any business activity during the year.
Dividend
Your directors do not propose to distribute any dividend for the year.
Future Outlook
Your directors hope to achieve good results in the coming years.
Public Deposits
The company has not accepted any deposit from the public during the
period and therefore, the provisions of Section 58A of the Companies
Act, 1956 and of rules made thereunder are not applicable.
Particulars of Employees
During the period, the Company has not paid salary to any employee in
excess of the limits specified under Section 217(2A) of the Companies
Act, 1956 read with Companies (Particulars of Employees) Rules, 1975,
as amended.
Conservation of Energy, Technology Absorption, Foreign Exchange
Earnings and Outgo
Information in accordance with the provisions of the section 217(1)(e)
of the Companies Act,1956 read with the Companies ( Disclosure of
Particulars in the Report of the Board of Directors) Rules, 1988
regarding Conservation of Energy, Technology Absorption and Foreign
Exchange Earnings and Outgo is as under:
a) Conservation of Energy :
(i) Electricity Consumption - Total Amount(Rs.) :N1L [Previous
Year:NlL] (Purchased)
b) Technology Absorption :NIL [Previous Year:NIL]
c) Foreign Exchange Earnings and Outgo:
i) Earnings :NIL [Previous Year:NIL]
ii) Outgo :NIL [Previous Year:NIL]
Auditors & Auditor's Report
M/s Kapoor Goyal & Associates, Chartered Accountants, Auditors of the
Company retires at the conclusion of the ensuring Annual General
Meeting and being eligible, offer themselves for re- appointment. The
auditors have confirmed that the appointment, if made, would be within
the prescribed limit specified in section 224(IB) of the Companies Act,
1956. The Auditor's report on the accounts of the Company is self
explanatory and requires no comments.
Directors Responsibility Statement
As required under Section 217 (2AA) of the Companies Act, 1956
(introduced by the Companies (Amendment) Act, 2000) your Directors
certify as follows:-
(1) In the preparation of the annual accounts, all the applicable
accounting standards as recommended by the Institute of Chartered
Accountants of India have been duly followed.
(2) The Directors had selected such accounting policies and applied
them consistently and made judgements and estimates that are reasonable
and prudent so as to give a true and fair view of the state of affairs
of the company as on 31st March,2011 and of the nil position of the
Profit & Loss Account for the year ended on that date.
(3) 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 fraud and other
irregularities.
(4) The Directors have prepared the annual accounts on a going concern
basis.
Acknowledgement
The Board gratefully acknowledge the support given by the shareholders
and look forward to their continued support.
For and on behalf of the Board
Place : Delhi
Date: 16.08.2011 Chairman
Mar 31, 2010
Dear Members,
Your directors have the pleasure in presenting the Fourth Annual report
with the audited statement of accounts for the year ended on 31st
March'2010. Your directors are looking forward for continued cordiality
of relationship between the members and the directors.
Financial Results
The Company has not commenced any business activity during the year.
Dividend
Your directors do not propose to distribute any dividend for the year.
Future Outlook
Your directors hope to achieve good results in the coming years.
Public Deposits
The company has not accepted any deposit from the public during the
period and therefore, the provisions of Section 58A of the Companies
Act, 1956 and of rules made thereunder are not applicable.
Particulars of Employees
During the period, the Company has not paid salary to any employee in
excess of the limits specified under Section 217(2A) of the Companies
Act, 1956 read with Companies (Particulars of Employees) Rules, 1975,
as amended.
Conservation of Energy, Technology Absorption, Foreign Exchange
Earnings and Outgo
Information in accordance with the provisions of the section 217(1)(e)
of the Companies Act,1956 read with the Companies ( Disclosure of
Particulars in the Report of the Board of Directors) Rules, 1988
regarding Conservation of Energy, Technology Absorption and Foreign
Exchange Earnings and Outgo is as under:
a) Conservation of Energy :
(i) Electricity Consumption - Total Amount(Rs.) :N1L [Previous
Year:NlL] (Purchased)
b) Technology Absorption :NIL [Previous Year:NIL]
c) Foreign Exchange Earnings and Outgo:
i) Earnings :NIL [Previous Year:NIL]
ii) Outgo :NIL [Previous Year:NIL]
Auditors & Auditor's Report
M/s Kapoor Goyal & Associates, Chartered Accountants, Auditors of the
Company retires at the conclusion of the ensuring Annual General
Meeting and being eligible, offer themselves for re- appointment. The
auditors have confirmed that the appointment, if made, would be within
the prescribed limit specified in section 224(IB) of the Companies Act,
1956. The Auditor's report on the accounts of the Company is self
explanatory and requires no comments.
Directors Responsibility Statement
As required under Section 217 (2AA) of the Companies Act, 1956
(introduced by the Companies (Amendment) Act, 2000) your Directors
certify as follows:-
(1) In the preparation of the annual accounts, all the applicable
accounting standards as recommended by the Institute of Chartered
Accountants of India have been duly followed.
(2) The Directors had selected such accounting policies and applied
them consistently and made judgements and estimates that are reasonable
and prudent so as to give a true and fair view of the state of affairs
of the company as on 31st March,2011 and of the nil position of the
Profit & Loss Account for the year ended on that date.
(3) 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 fraud and other
irregularities.
(4) The Directors have prepared the annual accounts on a going concern
basis.
Acknowledgement
The Board gratefully acknowledge the support given by the shareholders
and look forward to their continued support.
For and on behalf of the Board
Place : Delhi
Date: 20.08.2010 Chairman