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Directors Report of New Markets Advisory Ltd.

Mar 31, 2014

The Members of

New Markets Advisory Limited

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

FINANCIAL RESULTS (Amount in Rs.) Year ended Year ended PARTICULARS 31/3/2014 31/3/2013

Net Sales/ Income from Operations 47,500 1,03,000

Other Income 7,19,965 5,33,866

Total Expenditure 7,46,356 5,75,905

Depreciation 11,228 2,348

Profit/ (Loss) before Tax 9,881 58,613

Provision for Taxation 5,000 22,000

Net Profit/ (Loss) 4,881 36,613



PERFORMANCE

Sales and Income from Operations during the year was Rs. 47,500/- as compared to Rs. 1,03,000/- in the previous year. Due to accumulated losses; your Directors are unable to recommend any dividend. The management is exploring and examining the new areas for widening the activities of the company.

DIRECTOR''S RESPONSIBILITY STATEMENT

Pursuant to Section 217(2AA) of the Companies Act, 1956 the Directors confirm that:

1) In the preparation of the annual accounts, the applicable accounting standards had been followed;

2) Appropriate accounting policies as mentioned in Note No. 1 have been applied consistently and have 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 as at 31st March, 2014 and of the profit of the Company for Year ended on that date.

3) Proper and sufficient care has 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;

4) The annual accounts have been prepared on a going concern basis.

LISTING AGREEMENT

Pursuant to Clause 32 of the listing agreement with Mumbai Stock Exchange, the Company declares that its securities are listed on Mumbai Stock Exchange. Listing Fees have been duly paid to the Mumbai Stock Exchange for the year 2014-2015.

DIRECTORS

Mr. Komal Singh Jaroli, Director retires by rotation at ensuring Annual General Meeting and being eligible offer himself for reappointment. He will be re-appointed as Non-executive Independent Director for a period of five years.

Mr. Komal Singh Jaroli is C. A. and has vast experience in finance and tax management. The Board recommends his appointment.

FIXED DEPOSITS

The Company has not accepted Fixed Deposits from the public during the year under review.

EMPLOYEES

There was no employee in receiving remuneration beyond the limit prescribed under the provisions of Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975 as amended up to date.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

The company has no activities relating to conservation of energy or technology absorption hence, the information as required under section 217 (1)(a) of the Companies Act, 1956 read with Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988 is not applicable. The Company has no foreign exchange earning and outgo during the year under review.

AUDITORS

M/s. J. P. Chaturvedi & Co., Chartered Accountants, Auditors of the Company, retires on conclusion of the ensuing Annual General Meeting. However, they are eligible for reappointment and members are requested to appoint the Auditors for the year 2014-2015 and fix their remuneration.

SECRETARIAL AUDIT REPORT

The Company has obtained Secretarial Audit Report from M/s. GMJ & ASSOCIATES, Company Secretaries in whole-time practice under section 383A of the Companies Act, 1956 and it forms part of the balance sheet.

By Order of the Board of Directors

Place : Mumbai SHIRISH SHETYE PRAKASH SHAH Date : August 28, 2014 Director Director


Mar 31, 2013

To The Members of New Markets Advisory Limited

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

FINANCIAL RESULTS

(Amount in Rs.)

PARTICUT.RS Year ended Year ended 31/3/2013 31/3/2012

Net Sales/ Income from Operations 1,03,000 5,70,200

Other Income 5,33,866 2,30,860

Total Expenditure 5,75,905 6,68,947

Depreciation 2,348 1,460

Profit/ (Loss) before Tax 58,613 1,30,653

Provision for Taxation 22,000 40,372

Net Profit/ (Loss) 36,613 90,281

PERFORMANCE

Sales and Income from Operations during the year was Rs. 1,03,000/- as compared to Rs. 5,70,200/- in the previous year. Due to accumulated losses; your Directors are unable to recommend any dividend. The management is exploring and examining the new areas for widening the activities of the company.

DIRECTOR''S RESPONSIBILITY STATEMENT

Pursuant to Section 217(2AA) of the Companies Act, 1956 the Directors confirm that:

1) In the preparation of the annual accounts, the applicable accounting standards had been followed;

2) Appropriate accounting policies as mentioned in Note No. 1 have been applied consistently and have 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 as at 31st March, 2013 and of the profit of the Company for Year ended on that date.

3) Proper and sufficient care has 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;

4) The annual accounts have been prepared on a going concern basis.

LISTING AGREEMENT

Pursuant to Clause 32 of the listing agreement with Mumbai Stock Exchange, the Company declares that its securities are listed on Mumbai Stock Exchange. Listing Fees have been duly paid to the Mumbai Stock Exchange for the year 2013-2014.

DIRECTORS

Mr. Shirish Shetye, Director retires by rotation at ensuring Annual General Meeting and being eligible offer himself for reappointment.

FIXED DEPOSITS

The Company has not accepted Fixed Deposits from the public during the year under review.

EMPLOYEES

There was no employee in receiving remuneration beyond the limit prescribed under the provisions of Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975 as amended up to date.

AUDITORS

M/s. J. P. Chaturvedi & Co., Chartered Accountants, Auditors of the Company, retires on conclusion of the ensuing Annual General Meeting. However, they are eligible for reappointment and members are requested to appoint the Auditors for the year 2013-2014 and fix their remuneration.

SECRETARIAL AUDIT REPORT

The Company has obtained Secretarial Audit Report from M/ s. GMJ & ASSOCIATES, Company Secretaries in whole-time practice under section 383A of the Companies Act, 1956 and it forms part of the balance sheet.

Place : Mumbai, By Order of the Board of Directors

Date : May 30, 2013

REGISTERED OFFICE

71, Laxmi Building, 4th Floor, SHIRISH SHETYE PRAKASH SHAH

Sir P. M. Road, Fort, Mumbai-400001. Director Director

 
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