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Directors Report of J. Taparia Projects Ltd.

Mar 31, 2014

The Members,

The Directors have pleasure in presenting the Annual Report of the Company together with Audited Accounts for the year ended on 31st March, 2014.

(Figures in Rs.)

CURRENT PREVIOUS YEAR YEAR

PROFIT/(LOSS) BEFORE TAXATION (4,048) 12,305

PROVISION FOR TAXES

Current tax

Deferred Tax (3,072) -

PROFIT AFTER TAX (7,120) 9,153

Brought forward from earlier years (8,74,062) (8,83,215)

Balance Carried To Balance Sheet(8,81,182) (8,74,062)

2. Future Performance

In the year under review, the Company has generated a Loss of Rs. 4,048/-. Your Directors are identifying prospective areas and will make appropriate investments that will maximize the revenue of the company in the current Financial Year.

3. Dividend

In view of Inadequate Profit, Your Directors regret their inability to recommend recommend any dividend for the year.

4. Auditors

The retiring Auditors M/s. Maroti & Associates, Chartered Accountants, Kolkata hold office till the conclusion of the Annual General Meeting and is eligible for reappointment expressing their willingness to be reappointed and to the effect that their appointment, if made, would be within the prescribed limits under section 141(3)(g) of the Companies Act, 2013 and that they are not disqualified for appointment. The matter is placed for consideration of members in this Annual General Meeting to pass the Resolutions at Item Nos. 3 of the Annual General Meeting Notice.

5. Directors

The Board commends the passing of the Resolutions at Annual General Meeting Notice for the appointment of Mr. Sanjit Dhawa as Managing Director of the company.

As per the provisions of Section 149 of the Act, which has come into force with effect from 1st April, 2014, an Independent Director is required to be appointed and shall hold office for a term up to maximum of five consecutive years on the Board of a company and shall not be liable to retire by rotation. In compliance with the provisions of Section 149 the company may place before the Members in General Meeting for their approval to appoint requisite Independent Directors. The Board in honor of the provisions The Company may place before the Members in General Meeting for their approval a name to be appointed as Non-Executive Women Director in AGM Notice.

Mr. Dilip Kumar Kanoria retires by rotation and being eligible, offers himself for re-appointment as non-executive director being eligible for retirement by rotation.

6. Personnel

In accordance with the requirement of Section 217(2A) of the Companies Act 1956, it is stated that no employee of the Company is in receipt of remuneration aggregating to Rs. 60,00,000/- or more for the year and Rs 5,00,000/- or more for part of the month.

7, Statutory Information

Particulars required to be furnished by the companies (Disclosure of particulars in the Report of the Board of Directors) Rules, 1988:

1. CONSERVATION OF ENERGY : NIL

2. TECHNOLOGY ABSORPTION & ADOPTION : NIL

3. FOREIGN EXCHANGE EARNING & OUTGO : NIL

8, Listing

Your directors are pleased to inform that the company had listed its equity share at BSE LTD. under direct listing norms. Our endeavor in this respect shall prove you a ready market on nationwide platform for trading in securities on a continuous basis adding prestige and importance to the company. The company can also raise additional funds from the public through the new issue market with a greater degree of assurance. The new funds sought to be raised break new ground for the Company and are steps towards our ambition to build a more global fund house.

9. Responsibility Statement

i. In preparation of the annual accounts, the applicable Accounting Standards have been followed.

ii. The Directors have selected such accounting policies and have 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 Financial Year.

iii. 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.

iv. The Directors have prepared the annual accounts on going concern basis.

10. Corporate Governance

As required under clause 49 of the listing agreement with the Stock Exchange, the Report on Corporate Governance together with Auditors view regarding compliance of the SEBI code of Corporate Governance is annexed herewith.

11. Acknowledgements

The Board wishes to place on record their gratitude for the co-operation and assistance received from all those who contributed by some means or other for the performance of the company and expect the same in the future.

For and on behalf of the board

Place: Kolkata Ranjeet Kumar Bihani Sanjit Dhawa

Date: 26th Day of May, 2014 Director Managing Director


Mar 31, 2013

The Members,

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

1. FINANCIAL RESULTS (Fig. in Rs.)

CURRENT YEAR PREVIOUS YEAR

PROFIT/(LOSS) BEFORE TAXATION 12,305 (1,88,760)

PROVISION FOR TAXES

Current tax (3,152) (3,473)

Deferred Tax - -

PROFIT AFTER TAX 9,153 (1,92,233)

Brought forward from earlier years (8,83,215) (6,90,982)

Balance Carried To Balance Sheet (8,74,062) (8,83,215)

2. FUTURE PERFORMANCE:

In the year under review, the Company has generated a Profit of Rs. 12,305/-. Your Directors are identifying prospective areas and will make appropriate investments that will maximize the revenue of the company in the current Financial Year.

3. DIVIDEND:

In view of Inadequate Profit, Your Directors do not recommend any dividend for the year.

4. AUDITORS:

The retiring Auditors Maroti & Associates, Chartered Accountants, Kolkata hold office till the conclusion of the Annual General Meeting and is eligible for reappointment.

5. DIRECTORS:

Mr. Dilip Kumar Kanoria retires by rotation and being eligible, offers themselves for re-appointment Mr. Amal Jain retires by rotation and being eligible, offers themselves for re-appointment

6. PERSONNEL: In accordance with the requirement of Section 217(2A) of the Companies Act 1956, it is stated that no employee of the Company is in receipt of remuneration aggregating to Rs. 60,00,000/- or more for the year and Rs 5,00,000/- or more for part of the month.

7. STATUTORY INFORMATION:

Particulars required to be furnished by the companies (Disclosure of particulars in the Report of the Board of Directors) Rules, 1988:

1. CONSERVATION OF ENERGY : NIL

2. TECHNOLOGY ABSORPTION & ADOPTION : NIL

3. FOREIGN EXCHANGE EARNING & OUTGO : NIL

8. RESPONSIBILITY STATEMENT:

i. In preparation of the annual accounts, the applicable Accounting Standards have been followed.

ii. The Directors have selected such accounting policies and have 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 Financial Year

iii. 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.

iv. The Directors have prepared the annual accounts on going concern basis.

9. CORPORATE GOVERNANCE:

As required under clause 49 of the listing agreement with the Stock Exchange, the Report on Corporate Governance together with Auditors view regarding compliance of the SEBI code of Corporate Governance is annexed herewith.

10. ACKNOWLEDGEMENTS:

The Board wishes to place on record their gratitude for the co-operation and assistance received from all those who contributed by some means or other for the performance of the company and expect the same in the future.

For and on behalf of the board

Ranjeet Kumar Bihani Sanjit Dhawa

Director Director

Place : Kolkata

Date : 24th Day of May, 2013


Mar 31, 2012

The Members,

The Directors have pleasure in presenting the Annual Report of the Company together with Audited Accounts for the year ended on 31st March, 2012.

1. FINANCIAL RESULTS (Fig. in Rs.)

CURRENT YEAR PREVIOUS YEAR

PROFIT/(LOSS) BEFORE TAXATION (1,88,760) 64,697

PROVISION FOR TAXES

Current tax (3,473) (19,992)

Deferred Tax - -

PROFIT AFTER TAX (1,92,233) 44,705

Brought forward from earlier years (6,90,982) (7,35,687)

Balance Carried To Balance Sheet (8,83,215) (6,90,982)

2. FUTURE PERFORMANCE:

In the year under review, the Company has generated a Loss of Rs. 1,88,760/-. Your Directors are identifying prospective areas and will make appropriate investments that will maximize the revenue of the company in the current Financial Year.

3. DIVIDEND:

In view of Loss, Your Directors do not recommend any dividend for the year.

4. AUDITORS:

The retiring Auditors Maroti & Associates, Chartered Accountants, Kolkata hold office till the conclusion of the Annual General Meeting and is eligible for reappointment.

5. DIRECTORS:

Mr.Mahavir Jain retires by rotation and being eligible, offers themselves for re appointment.

Mr. Sanjit Dhawa and Mr. Amal Jain where appointed as additional Director in the Board of the Company and who hold office till the date of Annual General Meeting. The Company has received notice from the members signifying their intention to propose appointment of them as director who will retire by rotation.

6. PERSONNEL:

In accordance with the requirement of Section 217(2A) of the Companies Act 1956, it is stated that no employee of the Company is in receipt of remuneration aggregating to Rs. 24,00,000/ or more for the year and Rs 2,00,000/ or more for part of the year.

7. STATUTORY INFORMATION:

Particulars required to be furnished by the companies (Disclosure of particulars in the Report of the Board of Directors) Rules, 1988:

1. CONSERVATION OF ENERGY : NIL

2. TECHNOLOGY ABSORPTION & ADOPTION : NIL

3. FOREIGN EXCHANGE EARNING & OUTGO : NIL

8. RESPONSIBILITY STATEMENT:

i. In preparation of the annual accounts, the applicable Accounting Standards have been followed.

ii. The Directors have selected such accounting policies and have 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 Financial Year.

iii. 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.

iv. The Directors have prepared the annual accounts on going concern basis.

9. CORPORATE GOVERNANCE:

As required under clause 49 of the listing agreement with the Stock Exchange, the Report on Corporate Governance together with Auditors view regarding compliance of the SEBI code of Corporate Governance is annexed herewith.

10. ACKNOWLEDGEMENTS:

The Board wishes to place on record their gratitude for the co-operation and assistance received from all those who contributed by some means or other for the performance of the company and expect the same in the future.

For and on behalf of the board

Place : Kolkata Ranjeet Kumar Bihani Dilip Kumar Kanoria

Date : 22nd Day of June, 2012 Director Director


Mar 31, 2011

The Members,

The Directors have pleasure in presenting the Annual Report of the Company together with Audited Accounts for the year ended on 31st March, 2011.

1. FINANCIAL RESULTS (Fig, in Rs.) CURRENT YEAR PREVIOUS YEAR

PROFIT/(LOSS) BEFORE TAXATIOPT 64,697 (1,29,312)

PROVISION FOR TAXES

Current tax (19,992) (13,191)

Deferred Tax - 51,600

PROFIT AFTER TAX 44,705 (90,903)

Brought forward from earlier years (7,35,687) (6,44,784)

Balance Carried To Balance Sheet (6,90,982) (7,35,687)

2. FUTURE PERFORMANCE:

In the year under review, the Company has generated a Profit of Rs. 44,705/-. Your Directors are identifying prospective areas and will make appropriate investments that will maximize the revenue of the company in the current Financial Year.

3. DIVIDEND:

In view of meager Profit, Your Directors do not recommend any dividend for the year.

4. AUDITORS:

The retiring Auditors Maroti & Associates, Chartered Accountants, Kolkata hold office till the conclusion of the Annual General Meeting and is eligible for reappointment.

5. DIRECTORS:

Shri Ranjeet Kumar Bihani & Hari Bhagawan Taparia retires by rotation and being eligible, offers themselves for re-appointment.

6. PERSONNEL:

In accordance with the requirement of Section 217(2A) of the Companies Act 1956 , it is stated that no employee of the Company is in receipt of remuneration aggregating to Rs 24,00,000 or more for the year rs 2,00,000 or more for part of the year.

7. STATUTORY INFORMATION:

Particulars required to be furnished by the companies (Disclosure of particulars in the Report of the Board of Directors) Rules, 1988;

1. CONSERVATION OF ENERGY : NIL

2. TECHNOLOGY ABSORPTION & ADOPTION : NIL

3. FOREIGN EXCHANGE EARNING & OUTGO_: NIL_

8. RESPONSIBILITY STATEMENT:

i. In preparation of the annual accounts, the applicable Accounting Standards have been followed.

ii. The Directors have selected such accounting policies and have 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 Finaneial Year.

iii. 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.

iv. The Directors have prepared the annual accounts on going concern basis.

9. CORPORATE GOVERNANCE:

As required under clause 49 of the listing agreement with the Stock Exchange, the Report on Corporate Governance together with Auditors view regarding compliance of the SEBl code of Corporate Governance is annexed herewith.

10. ACKNOWLEDGEMENTS:

The Board wishes to place on record their gratitude for the co-operation and assistance received from all those who contributed by some means or other for the performance of the company and expect the same in the future.

For and on behalf of the board

Place: Kolkata Ranjeet Kumar Bihani Dilip Kumar Kanoria Date : 28th day of June,2011 Directors Directors

 
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