Mar 31, 2014
Dear Members,
The Directors have pleasure in presenting herewith the Twenty Ninth
Annual Report along with Audited Accounts of the Company for the year
ended 31st March, 2014.
FINANCIAL RESULTS
The summarized financial position of the Company for the financial year
ended 31st March, 2014 as compared to previous year is as under:
Amount
(Rs. in Lacs)
2013-2014 2012-2013
Total Income 49.83 147.62
Profit before Depreciation & Financial Charges 21.82 13.22
Less: Depreciation 1.30 0.77
Less: Financial Charges - -
Profit before Exceptional and Extraordinary
Items and Tax 20.52 12.45
Add: Extraordinary Items 5.00 -Profit before Tax 15.52 12.45
Less: Tax Expenses
Current Tax
Provision for Taxation 1.04 3.00
Deferred Tax 0.06 0.03
Profit after Tax 14.42 9.42
Add: Balance brought forward from previous year 65.73 56.31
Surplus/(Deficit) carried to Balance Sheet 80.15 65.73
DIVIDEND
With a view to conserve resources for general corporate purposes, your
Directors considered it prudent not to recommend any dividend for the
year under review.
OPERATIONS
During the year under review, the Total Income of the Company declined
from Rs. 147.62 in the preceding to Rs. 49.83 Lacs in the current year.
Net Profit stood at Rs. 14.42 Lacs in the current year as against Rs.
9.42 Lacs in the preceding year. Your Directors are making constant
efforts to improve the performance of the Company.
AUDITORS
The term of the present Auditors of the Company, M/s Om P. Agarwal &
Associates, Chartered Accountants, expires at the conclusion of the
ensuing Annual General Meeting and being eligible they have offered
themselves for re-appointment.
The Auditors observations read with notes to the accounts are self
explanatory and do not call for any further clarification or
explanation.
DIRECTORS
In accordance with the provisions of the Companies Act, 1956 read with
the Articles of Association of the Company Shri Sudhir Kumar
Parasrampuria, Director of the Company, retires by rotation at the
ensuing Annual General Meeting and is eligible for re-appointment.
In compliance with the provisions of Section 149 of the Companies Act,
2013, your Company is seeking to appoint Shri Gautam Lhila and Shri
Pradeep Kumar Dada as Independent Directors of the Company.
The Board has re-appointed Smt. Parwati Parasrampuria as Managing
Director of the Company for a further period of five years with effect
from 1st April, 2014 and the matter is placed for approval of Members
at the ensuing Annual General Meeting.
STATUTORY INFORMATION
A. PARTICULARS OF EMPLOYEES
As none of the Employees of the Company was in receipt of remuneration
in excess of the limits prescribed, the Particulars of Employees under
Section 217 (2A) of the Companies Act, 1956 read with Companies
(Particulars of Employees) Rules, 1975 as amended are not required to
be given.
B. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNINGS AND OUTGO
As the Company is not engaged in any manufacturing activity, the
details relating Conservation of Energy, Technology Absorption being
inapplicable are not required to be given. There have been no earnings
and expenditure in foreign currency during the year under review.
C. DIRECTORS'' RESPONSIBILITY STATEMENT
In terms of Section 217(2AA) of the Companies Act, 1956, the Directors
of the Company state in respect of the year ended 31st M arch, 2014
that: -
a) In preparation of Annual Accounts, the applicable Accounting
Standards have been followed along with proper explanation relating to
material departures.
b) They have 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 Financial year and of the Profit of the
Company for that year.
c) They 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.
d) They have prepared Annual Accounts on a going concern basis.
LISTING INFORMATION
The Equity Shares of the Company are presently listed at BSE Limited,
Mumbai and the Annual Listing Fee is paid up to date.
ACKNOWLEDGEMENTS
The Directors wish to place on record their sincere appreciation of the
co-operation received by the Company from the Company''s Bankers and
other Authorities. The Directors are also thankful to the shareholders
for abiding faith in the Company. Deep appreciation is also
acknowledged for the support and hard work put in by the employees of
the Company.
For and on behalf of the Board
Place: Kanpur (SUDHIR KUMAR PARASRAMPURIA)
Dated:12th August2014 CHAIRMAN
DIN-00358982
Mar 31, 2011
The Directors hereby present the Annual Report and the audited accounts
for the financial year ended 31st March 2011.
FINANCIAL RESULTS
The Company has done a profit of Rs. 2012013.85 after deduction of tax
Profit of Rs.5975248.94 is carried forward towards balance sheet. The
Board of Directors are positive towards future growth and hope that
with effective planning & the continued co-operation of the agencies
involved and support from the management and staff, the company would
further improve its performance.
DIRECTORS
At present, the Board of Directors of the Company comprises of
Directors, viz.Sudhir Kumar Parasrampuria, Smt Parwati Parasrampuria
and Km.Aarti Parasrampuria .There is no change in the composition of
the Board during the period under review. Sudhir Kumar Parasrampuria
will retire by rotation at the ensuing Annual General Meeting and
eligible offers himself for re-appointment. The Board recommends for
his re-appointment at the forthcoming Annual General Meeting of the
company.
AUDITORS
M/S Om P. Aganwal & Associates, Chartered Accountants, Kanpur, the
Statutory Auditors of the Company will retire at the conclusion of the
ensuing Annual General Meeting and have given their consent for
re-appointment. As required under the provisions of Section 224 (IB) of
the Companies Act, 1956, the company has received a certificate from
the said auditors to the effect that their re-appointment, if made,
would be in accordance with the limits specified in that Section. The
Board recommends the re-appointment of M/s Om P. Agarwal & Associates,
Chartered Accountants, Kanpur.Comments &. qualified remarks, if any in
Auditors report are self Explanatory and therefore do not require any
further clartification. As regards clause 4 of the Auditors Report
regarding payment of principal & interest by the specified parties it
is further clarified that the repayment of the principal is strongly
pursued also alternatively the management has taken steps for the
recovery of the same and in one case is adopting legal recourse.
ADDITIONAL INFORMATION PURSUANT TO SUCTION 217
Information in accordance with the provisions of Section 217 (1) (c) of
the Companies Act, 1956 read with Companies (Disclosure of particulars
in the report of board of Directors), Rules, 1988 is as under:-
(1) Conservation of Energy : N.A.
(2) Technology Absorption : N.A.
(3) Foreign Exchange Earnings and Outgo : Nil.
SECRETARIAL COMPLIANCE CERTIFICATE
Compliance certificate to section 383 A of the Companies Act, 1956 from
Company Secretary in practice is enclosed herewith.
DIRECTORS' RESPONSIBILITY STATEMENT.
Pursuant to Section 217(2AA) of the Companies Act, 1956, your Directors
confirm that;
i) in the preparation of the Annual Accounts, the applicable
accounting standards had been followed.
ii) they had selected such accounting policies and applied them
consistently and made judgment and estimates that are reasonable and
prudent so as to give a true and fair view of state of affairs of the
Company as at 31st March, 2011 and of the loss of the company for that
period.
iii) they had taken proper and sufficient care for the maintenance of
adequate accounting records in accordance with the provisions of the
Companies Act for safeguarding the assets of the Company and for
preventing and detecting frauds and other irregularities.
iv) they had prepared the Annual Accounts on a going concern basis.
ACKNOWLEDEMENT
The Board of Directors convey their appreciation and thanks for the
support extended to the company by banks and various Government
Authorities and also to the management and staff of the company for the
services rendered by them.
FOR & ON BEHALF OF THE BOARD
SD/- SD/-
(S.K.Parasrampuria) (Parvati Parasrampuria)
DIRECTOR DIRECTOR
Dated: 27th June 2011
Mar 31, 2010
The Directors hereby present the Annual Report and the audited accounts
for the financial year ended 31st March 2010.
FINANCIAL RESULTS
The Company has done a profit of Rs 1858577.22 after deduction of tax.
Profit of Rs 3938801.66 is carried forward towards balance sheet. The
Board of Directors are positive towards future growth and hope that
with effective planning & the continued co-operation of the agencies
involved and support from the management and staff, the company would
further improve its performance.
DIRECTORS
At present, the Board of Directors of the Company comprises of
Directors, viz.Sudhir Kumar Parasrampuria. Smt Parwati Farasrampuria
and Km.Aarti Parasrampuria. There is no change in the composition of the
Board during the period under review. Sudhir Kumar Parasrampuria will
retire by rotation at the ensuing Annual General Meeting and eligible
offers himself for re-appointment. The Board recommends for his
re-appointment at the forthcoming Annual General Meeting of the
Company.
AUDITORS
M/S Om P. Agarwal & Associates, Chartered Accountants, Kanpur . the
Statutory Auditors of the Company will retire at the conclusion of the
ensuing Annual General Meeting and have given their consent for
re-appointment. As required under the provisions of Section 224 (IB) of
the Companies Act, 1956, the company has received a certificate from
the said auditors to the effect that their re-appointment, if made,
would he in accordance with the limits specified in that Section, The
Board recommends the re-appointment of M/s Om P. Agarwal &- Associates,
Chartered Accountants, Kanpur. Comments & qualified remarks, if any in
Auditors report are self Explanatory and therefore do not require any
further clarification. As regards clause 4 of the Auditors Report
regarding payment of principal & interest by the specified parties it
is further clarified that the repayment of the principal is strongly
pursued also alternatively the management has taken steps for the
recovery of the same and in one case is adopting legal recourse.
ADDITIONAL INFORMATION PURSUANT TO SECTION 217 (1) (E)
Information in accordance with the provisions 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 is as under;-
(1) Conservation of Energy N.A.
(2) Technology Absorption. N.A.
(3) Foreign Exchange Earnings
and Outgo NIL
SECRETARIAL COMPLIANCE CERTIFICATE:
Compliance certificate to section 383 A of the Companies Act, 1956 from
Company Secretary- in - Practice is enclosed herewith.
DIRECTORS' RESPONSIBILITY STATEMENT:
Pursuant to Section 2l7(2AA) of the Companies Act, 1956. your Directors
confirm that:
i) in the preparation of the Annual Accounts, the applicable accounting
standards had been followed,
ii) they had selected such accounting policies and applied them
consistently and. made judgment and estimates that are reasonable and
prudent so as to give a true and fair view of state of affairs of the
Company as at 31st March, 2010 and of the loss of the company for that
period.
iii) they had taken proper and sufficient care for the maintenance of
adequate accounting records in accordance with the provisions of the
Companies Act for safeguarding the assets of the Company and for
preventing and detecting frauds and other irregularities,
iv) they had prepared the Annual Accounts on a going concern basis.
ACKNOWLEDGEMENT
The Board of Directors convey their appreciation and thanks for the
support extended to the company by banks and various Government
Authorities and also to the management and staff of the company for
the services rendered by them.
FOR & ON BEHALF OF THE BOARD
sd/- sd/-
(S.K. Parasrampuria) (Parwati parasrampuria)
DIRECTOR DIRECTOR
Dated: 01/09/2010
Mar 31, 2009
Gentlemen,
The Directors hereby present the Annual Report and the audited accounts
for the financial year ended 31st March 2009.
FINANCIAL RESULTS
The Company has done a profit of Rs. (105884.36) after deduction of
tax. Profit of Rs 2276310.03 is carried forward towards balance sheet.
The Board of Directors are positive towards future growth and hope that
with effective planning & the continued co-operation of the agencies
involved and support from the management and staff, the company would
further improve its performance.
DIRECTORS
At present, the Board of Directors of the Company comprises of
Directors, viz.Sudhir Kumar Parasrampuria, Smt Parwati Parasrampuria
and Km.Aarti Parasrampuria.There is no change in the composition of the
Board during the period under review.Sudhir Kumar Parasrampuria will
retire by rotation at the ensuing Annual General Meeting and eligible
offers himself for re-appointment. The Board recommends for his
re-appointment at the forthcoming Annual General Meeting of the
Company.
AUDITORS
M/S Om P. Agarwal & Associates, Chartered Accountants, Kanpur, the
Statutory Auditors of the Company will retire at the conclusion of the
ensuing Annual General Meeting and have given their consent for
re-appointment. As required under the provisions of Section 224 (IB) of
the Companies Act, 1956, the company has received a certificate from
the said auditors to the effect that their re-appointment, if made,
would be in accordance with the limits specified in that Section. The
Board recommends the re-appointment of M/s Om P. Agarwal & Associates,
Chartered Accountants, Kanpur.Comments & qualified remarks, if any in
Auditors report are self Explanatory and therefore do not require any
further clarification, As regards clause 4 of the Auditors Report
regarding payment of principal & interest by the specified parties it
is further clarified that the repayment of the principal is strongly
pursued also alternatively the management has taken steps for the
recovery of the same and in one case is adopting legal recourse.
ADDITIONAL INFORMATION PURSUANT TO SECTION 217 flUE)
Information in accordance with the provisions of Section 217 (1) (e) of
the Companies Act, 1956 read with Companies (Disclosure of particulars
in the report of board of Directors), Rules, 1988 is as under:-
(1) Conservation of Energy N.A,
(2) Technology Absorption N.A.
(3) Foreign Exchange Earnings and Outgo NIL-
SECRETARIAL COMPLIANCE CERTIFICATE:
Compliance certificate to section 383 A of the Companies Act, 1956 from
Company Secretary- in -Practice is enclosed herewith.
DIRECTORS'' RESPONSIBILITY STATEMENT:
Pursuant to Section 217(2AA) of the Companies Act, 1956, your Directors
confirm that:
j) in the preparation of the Annual Accounts, the applicable accounting
standards had been followed.
ii) they had selected such accounting policies and applied them
consistently and made judgment and estimates that are reasonable and
prudent so as to give a true and fair view of state of affairs of the
Company as at 31st March, 2009 and of the loss of the company for that
period.
iii) they had taken proper and sufficient care for the maintenance of
adequate accounting records in accordance with the provisions of the
Companies Act for safeguarding the assets of the Company and for
preventing and detecting frauds and other irregularities.
iv) they had prepared the Annual Accounts on a going concern basis.
ACKNOWLEDGEMENT
The Board of Directors convey their.appreciation and thanks for the
support extended to the company by banks and various Government
Authorities and also to the management and staff of the company for the
services rendered by them.
FOR & ON BEHALF OF THE BOARD
SD/- SD/-
(S.K. Parasrampuria)(Parwati Parasrampuria)
DIRECTOR DIRECTOR
Dated: 01/09/2009