Mar 31, 2014
Dear members,
The Directors hereby present the Twenty Second Annual Report of your
Company with the Audited Accounts for the period ended 31st March,
2014.
Financial Results
(Rs in lacs)
Particulars Year ended Year ended
31.03.2014 31.03.2013
Total Revenue from operations
& other Income 1,32,000 0.00
Total Expenses 14,85,602 7,693,790
Profit/Loss before exceptional
and extraordinary items and tax (13,53,602) (7,693,790)
Exceptional Items 0.00 0.00
Profit/Loss before extraordinary
items and tax (13,53,602) (7,693,790)
Extraordinary Items 0.00 0.00
Profit/Loss before tax (13,53,602) (7,693,790)
Tax expenses-Current 3,000 4100
Deferred tax 42443 (11450)
Profit(Loss) from the period from
continuing operations (13,99,045) (7,686,440)
Dividend
For the Financial Year 2013-14, your directors do not recommend any
dividend.
Performance Overview
During the period under review, the performance of the Company is not
satisfactory. However, your Directors are confident of achieving
better financial results in the years to come.
Issue of Shares
During the period under review, your Company has not issued any
shares.
Fixed Deposits
The public liability in the form of Public Deposits is nil as the
Company has not accepted any public deposits.
Internal Controls and adequacy
The Internal control systems are commensurate to the size of the
operation of the Company. Whenever it is required, the systems and
procedures are upgraded to suit the changing business needs.
Corporate Governance and due Compliances
Your Company has taken necessary steps to give effect to the Corporate
Governance. Your Company has complied with the requirements regarding
corporate governance as required under clause 49 of the Listing
Agreement of the Stock Exchanges where its shares are listed. A
Certificate from the Statutory Auditor regarding compliance of
conditions of corporate governance is attached to this report.
Directors
Your Company is taking necessary steps to increase the board size. It
will add few well known experts in the industry in which your Company
is proposed to do business.
Auditors
The retiring auditors, M/s.Ramraj & Co., Chartered Accountants, have
expressed their willingness to continue in office, if re-appointed.
They have furnished to the Company a certificate of their eligibility
for appointment as auditors, pursuant to section 139 of the Companies
Act, 2013. The Board of Directors recommends to the members to appoint
them as auditors and fix their remuneration.
DIRECTORSÂ RESPONSIBILITY STATEMENT
1. In the preparation of the annual accounts for the year ended 31st
March, 2014, the applicable accounting standards had been followed
along with proper explanation relating to material departures.
2. The 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 state of affairs of
the company at the end of the year ended 31st March, 2014 and of the
profit or loss of the company for the period.
3. The 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.
4. The Directors had prepared the annual accounts on a going concern
basis.
Conservation of energy, Technology absorption, Foreign exchange
earnings and outgo
Your company has no business activities in relation to conservation of
energy, technology Absorption, foreign exchange and outgo.
Particulars of employees
No employee has received remuneration, which will apply the provisions
of section 217(2A) of the Companies Act, 1956 read with the Companies
(Particulars of employees) rules, 1975.
Acknowledgement
Your Directors thank the investors, Bankers and Business associates
for the continued support extended to your Company. Your Directors
also thank various Government Departments for the support extended by
them. Finally your Directors wished to place on record their
appreciation to the employees at all levels for their hard work and
commitment.
For and on behalf of the Board of Directors
Sd/- Sd/-
Chennai N.Aravind A.Anitha
Date: 30.08.2014 Director Director
Mar 31, 2012
To the Members,
The Directors hereby present the Twentieth Annual Report of your
Company with the Audited Accounts for the period ended 31st March,
2012.
Financial Results
(Rs in lacs)
Particulars Year ended Year ended
31.03.2012 31.03.2011
Total Revenue from operations
& other Income 267,265 10,638,150
Total Expenses 418,941 9,081,757
Profit before exceptional and
extraordinary items and tax (151,676) 1,556,393
Exceptional Items - -
Profit before extraordinary
items and tax (151,676) 1,556,393
Extraordinary Items - -
Profit before tax (151,676) 1,556,393
Tax expenses-Current & Deferred tax 41,241 16733
Profit(Loss) from the perid from
continuing operations (192,917) 1,539,660
Dividend
For the Financial Year 2011-12, your directors do not recommend any
dividend.
Performance Overview
During the period under review, the performance of the Company is
satisfactory. However, your Directors are confident of achieving better
financial results in the years to come.
Issue of Shares
During the period under review, your Company has not issued any shares.
Fixed Deposits
The public liability in the form of Public Deposits is nil as the
Company has not accepted any public deposits.
Internal Controls and adequacy
The Internal control systems are commensurate to the size of the
operation of the Company. Whenever it is required, the systems and
procedures are upgraded to suit the changing business needs.
Corporate Governance and due Compliances
Your Company has taken necessary steps to give effect to the Corporate
Governance. Your Company has complied with the requirements regarding
corporate governance as required under clause 49 of the Listing
Agreement of the Stock Exchanges where its shares are listed. A
Certificate from the Statutory Auditor regarding compliance of
conditions of corporate governance is attached to this report.
Directors
Your Company is taking necessary steps to increase the board size. It
will add few well known and experts in the industry in which your
Company is proposed to do business.
Auditors
The retiring auditors, Ramraj & Co., Chartered Accountants have
expressed their willingness to continue in office, if appointed. They
have furnished to the Company a certificate of their eligibility for
appointment as auditors, pursuant to section 224(1B) of the Companies
Act, 1956. The Board of Directors recommends to the members to appoint
them as auditors and fix their remuneration.
Your Company is in the process of obtaining confirmation of balances
from various parties mentioned in the Auditors' Report.
The Company has also taken steps to appoint suitable in house personnel
in order to strengthen the internal control procedures.
The qualifications given in the Auditors' Report are self explanatory.
DIRECTORS' RESPONSIBILITY STATEMENT
1. In the preparation of the annual accounts for the year ended 31st
March, 2012, the applicable accounting standards had been followed
along with proper explanation relating to material departures.
2. The 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 state of affairs of
the company at the end of the year ended 31st March, 2012 and of the
profit or loss of the company for the period.
3. The 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.
4. The Directors had prepared the annual accounts on a going concern
basis.
Conservation of energy, Technology absorption, Foreign exchange
earnings and outgo
Your company has no business activities in relation to conservation of
energy, technology Absorption, foreign exchange and outgo.
Particulars of employees
No employee has received remuneration, which will apply the provisions
of section 217(2A) of the Companies Act, 1956 read with the Companies
(Particulars of employees) rules, 1975.
Acknowledgement
Your Directors thank the investors, Bankers and Business associates for
the continued support extended to your Company. Your Directors also
thank various Government Departments for the support extended by them.
Finally your Directors wished to place on record their appreciation to
the employees at all levels for their hard work and commitment.
For and on behalf of the Board of Directors
Sd/- Sd/-
Chennai N.Aravind A.Anitha
DATE: 01.09.2012 DIRECTOR DIRECTOR
Mar 31, 2010
The Directors hereby present the Eighteenth Annual Report of your
Company with the Audited Accounts for the period ended 31st March 2010.
Financial Results
(Rs. in
Lakhs)
Particulars Period ended Period ended
31.03.2010 31.03.2009
Profit / (Loss) before
depreciation & tax 41.88 31.26
Less: Depreciation 0.49 0.49
Profit / (Loss) before extra
ordinary items 41.39 30.77
Investment in business
written off - 29.61
Profit / (Loss) after extra
ordinary items 41.39 1.16
Less: Provisions for tax 0.12 0.36
Add: deferred tax Asset 41.27 0.80
Profit / (Loss) after tax 0.29 2.93
Add: Profit / (Loss) b/f from
previous year (166.17) (169.91)
Net Profit / (Loss) carried over (124.60) (166.17)
Dividend
Your Directors are unable to recommend any Dividend for the period,
due to the insufficient of profit earned by your Company.
Performance Overview
During the period under review, your Company has done quite good
business to the tune of turnover in Rs. 248.00 Lacs and the profit
before tax was Rs.41.39 Lacs.
Issue of Shares
During the period under review, your Company has not issued any shares.
Fixed Deposits
The public liability in the form of Public Deposits is nil as there is
no public deposit accepted.
Internal Controls and adequacy
The Internal control systems are commensurate to the size of the
operation of the Company. Whenever it is required, the systems and
procedures are upgraded to suit the changing business needs.
Corporate Governance and due Compliances
Your Company has taken necessary steps to give effect to the Corporate
Governance. Your Company has complied with the requirements regarding
corporate governance as required under Clause 49 of the Listing
Agreement of the Stock Exchanges where its shares are listed. A
Certificate from the Statutory Auditor
regarding compliance of conditions of corporate governance is attached
to this report.
Directors
Your Company is taking necessary steps to increase the board size. Your
board will add few well known and experts in the Industry in which your
company is proposed to do business as Independent Directors.
Auditors
The retiring auditors, M/s.Ramraj & Co., Chartered Accountants have
expressed their willingness to continue in office, if appointed. They
have furnished to the Company a certificate of their eligibility for
appointment as auditors, pursuant to section 224(1B) of the Companies
Act, 1956. The Board of Directors recommends to the members to appoint
them as auditors and fix their remuneration.
Your Company is in the process of obtaining confirmation of balances
from various parties mentioned in the Auditors Report.
The Company has also taken steps to appoint suitable in house personnel
in order to strengthen the internal control procedures.
The qualifications given in the Auditors Report are self explanatory.
Directors Responsibility Statement
1. In the preparation of the Annual accounts for the year ended 31st
March 2010, the applicable accounting standards have been followed
along with proper explanation relating to material departures.
2. The 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 year ended 31st March 2010 and of the
profit or loss of the company for the period.
3. The 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.
4. The directors had prepared the annual accounts on a going concern
basis.
Conservation of Energy, Technology Absorption, Foreign Exchange
Earnings & Outgo Your Company has no business activities in relation to
conservation of Energy, Technology Absorption, Foreign Exchange
Earnings & Outgo.
Particulars of Employees
No employee has received remuneration, which will apply the provisions
of Section 217(2A) of the Companies Act, 1956 read with the Companies
(particulars of Employees) Rules, 1975.
Acknowledgement
Your Directors thank the Investors, Bankers and Business associates for
the continued support extended to your Company. Your Directors also
thank various Government departments for the support extended by them.
Finally, Your Directors also wish to place on record their appreciation
to the employees at all levels for their hard work, dedication and
commitment.
For and On behalf of the Board of Directors
Sd/- Sd/-
N Aravind A Anitha
Director Director
Place : Chennai
Date : 02nd September 200
Mar 31, 2009
The Directors hereby present the Sixteenth Annual Report of your
Company with the Audited Accounts for the period ended 31st March
2009.
Financial Results
(Rs. in Lakhs)
Particulars Period ended Period ended
31.03.2008 31.03.2007
Profit / (Loss) before
depreciation & tax 31.26 2.93
Less: Depreciation 0.49 0-65
Profit / (Loss) before extra
ordinary items 30.77 2.28
Investment in business written off 29.61 -
Profit / (Loss) after extra
ordinary items 1.16 2.28
Less: Provisions for tax 0.36 -
deferred tax 2.93 11.87
Profit/(Loss) after tax 0.80 2.28
Add: Profit / (Loss) b/f
from previous year (169.91) (184.06)
Net Profit / (Loss) carried over (166.17) (169.91)
Dividend
Your Directors are unable to recommend any Dividend for the period,
due to the insufficient of profit earned by your Company.
Performance Overview
During the period under review, your Company has done quite good
business to the tune of turnover in Rs 122 Lacs and the profit before
tax was Rs. 1.16 Lacs.
Issue of Shares
During the period under review, your Company has not issued any shares.
Fixed Deposits
The public liability in the form of Public Deposits is nil as there is
no public deposit accepted Internal Controls and adequacy
The Internal control systems are commensurate to the size of the
operation of the Company Whenever it is required, the systems and
procedures are upgraded to suit the changing business needs.
Corporate Governance and clue Compliances
Your Company has taken necessary steps to give effect to the Corporate
Governance. Your Company by complied with the requirements regarding
corporate governance as required under Clause 49 of the Listil
Agreement of the Stock Exchanges where its shares are listed. A
Certificate from the Statutory Audit regarding compliance of conditions
of corporate governance is attached to this report.
Directors
Your Company is taking necessary steps to increase the board size.
During the year your company appointed Mr. P Thirumalai kumar, a
capital market expert & well known corporate advisor in the indus as
Director of the Company from 01st January 2009. Your board will add few
well known and expert the industry in which your company is proposed to
do business as Independent Directors.
Auditors
The retiring auditors, M/s. Ramraj & Co., Chartered Accountants have
expressed their willingness continue in office, if appointed. They have
furnished to the Company a certificate of their eligibility appointment
as auditors, pursuant to section 224( 1B) of the Companies Act, 1956.
The Board of Direct recommends to the members to appoint them as
auditors and fix their remuneration.
Your Company is in the process of obtaining confirmation of balances
from various parties mentione the Auditors Report.
The Company has also taken steps to appoint suitable in house personnel
in order to strengthen the inter control procedures.
The qualifications given in the Auditors Report are self explanatory.
Directors Responsibility Statement
1. In the preparation of the Annual accounts for the year ended 31st
March 2009, the applid accounting standards have been followed along
with proper explanation relating to man departures.
2. The directors had selected such accounting policies and applied
them consistently and judgments and estimates that arc reasonable and
prudent so as to give a true and fair view state of affairs of the
company at the end of the year ended 31st March 2009 and of the pro
loss of the company for the period.
3. The directors had taken proper and sufficient care for the
maintenance of adequate account records in accordance with the
provisions of this Act for safeguarding the assets of the con and for
preventing and detecting fraud and other irregularities.
4. The directors had prepared the annual accounts on a going concern
basis.
Conservation of Energy, Technology Absorption. Foreign Exchange
Earnings & Outgo
Your Company has no business activities in relation to conservation of
Energy, technology Absor foreign Exchange Earnings & Outgo.
Particulars of Employees
No employee has received remuneration, which will apply the provisions
of Section 217(2A) Companies Act. 1956 read with the Companies
(particulars of Employees) Rules 1975
Acknowledgement
Your Directors thank the Investors, Bankers and Business associates for
the continued support extended to your Company. Your Directors also
thank arious Government departments for the support extended by them.
Finally, Your Directors also wish to place on record their appreciation
to the employees at all levels for their hard work, dedication and
commitment.
For and On behalf of the Board of Directors
N Aravind A Anitha
Director Director
Place : Chennai
Date : 22nd August 2009