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Directors Report of P M Telelinks Ltd.

Mar 31, 2014

The Members,

The Directors are pleased to present 34th Annual Report and Audited Accounts and the report on Company''s business and operations for the financial year ended 31 st March, 2014.

FINANCIAL RESULTS:

The performance during the year is as under

Particulars CURRENT YEAR PREVIOUS YEAR 31.03.2014 31.03.2013 (Rs. laks) (Rs. laks)

Sales 3056.29 3637.17

Other income 36.86 89.837

Total Income 3093.15 3726.98

Profit before Depreciation, Interest 20.48 46.63 and Exceptional items

DEDUCT

Depreciation 3,68 0

Interest 0 0

Profit before tax, prior period and 16.80 46.63 extraordinary items

Prior period adjustments 0 0

Extraordinary items 0 0

Provision for taxation ( net of deferred 0 0 tax adjustment)

Profit after tax 16.80 46.63

Income tax of earlier years 0 0

Surplus brought forward from last year (2043.12) (2089.75)

Balance available for appropriation -- --

APPROPRIATION

Proposed Dividend -- --

Transfer from General Reserve 1448.61 --

Balance c/f to Balance Sheet (577.71) (2043.12)

OPERATIONAL AND FINANCIAL PERFORMANCE

During the year ended March 31st , 2014 the Company has achieved a sale turnover of 3056.29 lakhs as against Previous year of Rs. 3637.17 Lakhs. For the Financial Year 2013-14 Your Company has earned a Profit Before Tax of 16.80 Lakhs against Profit of Rs. 46.63 lakhs.

SHARE CAPITAL

The Authorized Share Capital of the Company is Rs. 12,00,00,000/- (Tweleve Crores) divided into 1,20,00,000 (One Crore and Twenty Lakhs Rupees) Equity Shares of Rs. 10/- each and Paid -up Share Capital of Rs 10,07,50,000/- (Ten Crores and Seven Lakhs and fifty thousand Rupees) divided into 1,00,75,000 (One Crore and Seventy Five thousand)Equity shares of Rs 10/- each.

DIVIDENDS

In order to keep the resources for the operations of the Company, no dividend is recommended for the year ended 31 st March, 2014.

DIRECTORS

Mr. Ravi Surana Pukhraj (DIN :01777676) Director, retire by rotation and being eligible offer themselves for re-appointment at the ensuing Annual General Meeting.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Management Discussion and analysis Report for the Year under review as stipulated in Clause 49 of the Listing Agreement with Stock Exchanges, is presented as separate section forming part of the Annual Report.

FUTURE OUTLOOK:

The Company is looking for new avenues to increase the turnover and profitability.

DIRECTORS RESPONSIBILITY STATEMENT

As required u/s 217 (2AA) of the Companies Act, 1956, you Directors confirm that:

1. In preparation of Annual Financial Statement of Account for the period ended 31st March 2014, the applicable accounting standards have been followed along with proper explanation relating to material departures.

2. Directors 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 2013-2014 and the profit & loss of the company for that period.

3. 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 annual accounts for the year ended 31il March, 2014 have been prepared on a going concern basis.

Disclosures under Section 217(l)(d) of the Companies Act, 1956

Except as disclosed elsewhere in this report, there have been no material changes and commitments which can affect the financial position of the Company occurred between the end of the financial year of the Company and date of this report.

Particulars of Employees

There are no employees who are, in receipt of remuneration of R$.60 Lakhs or more per annum, if employed throughout the year or Rs.5 Lakhs or more per month if employed for a part of the year, falling within the provisions of Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975, during the year ended 31.03.2014.

Auditors

The auditors, M/s. N.K. JALAN & CO., Chartered Accountants, Mumbai, hold office until conclusion of the ensuing Annual Genera! Meeting, have confirmed their eligibility and willingness to accept office, if re-appointed. In terms of Section 139(2) and other applicable provisions of the Companies Act, 2013 the present auditors can only be re- appointment for a period of 3 consecutive years from the conclusion of the ensuing 34lh Annual Genera! Meeting till the conclusion of 37th Annua! General Meeting of the Company subject to ratification by the Members at every Annual General Meeting. The Audit Committee and Board of Directors recommend the re- appointment of Auditors for approval of the Members.

Auditors'' Report

The auditors view are self explanatory. The Board of Director shall take necessary steps towards depreciation calculation as per companies act in the following financial year."

Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo

Information on Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and outgo as required to be disclosed under Section 217 (1) (e) of the Companies Act, 1956,

read with Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988, are provided as an Annexure forming a part of this Report. Since the manufacturing activities are suspended the compliance reports required under Section 271(l)(e) are no longer applicable to the company.

a. Conservation of Energy : Not Applicable

b. Technology Absorption ; nil

c. Foreign Exchange Earnings ( on accural basis ) : NIL

d. Foreign Exchange Earned Outgo (on accural basis) : NIL

LISTING INFORMATION

The Equity Shares of your company are listed at the Mumbai Stock Exchange, in terms of Clause 38 of Listing Agreement, the listing fees for the financial year 2013-2014 have already been paid.

DEMATERIALISATION OF SHARES

As the members are aware, your company''s shares are tradable compulsorily In electronic form and your company has established connectivity with both the depositories viz. National Securities Depository Limited (NSDL) and Central Depository Limited (CDSL). The members are requested to dematerialize their physical holding in view of various advantages of holding the shares in dematerialized form. The company also follows the transfer cum demat procedure for quick transfer and dematerialization of shares.

M/s Aarathi Consultants Private Limited, 1-2-285, Domalguda, Hyderabad, a registered Depository Participant has been retained as Registrar and Share Transfer Agent.

Deposits

The Company has not accepted any deposits from the Public under section 58A of the Companies Act, 1956 and as such, no amount of principal or interest was outstanding as of the Balance Sheet Date.

CORPORATE GOVERNANCE:

Your company has been practicing the principles of good Corporate Governance over the years and the Board of Directors lays strong emphasis on transparency, accountability and integrity. The Company has taken adequate steps to ensure that the conditions of corporate Governance as stipulated in clause 49 of the listing agreements of the Stock Exchanges are complied with. Further a report on Corporate Governance and Auditors Certificate regarding compliance of the conditions of Corporate Governance as stipulated under Clause 49 of the listing agreement with Stock Exchanges is given in the Annual Report.

ACKNOWLEDGEMENTS

Your Directors convey their sincere gratitude and express their appreciation for the assistance extended by Company''s Bankers-HDFC Bank, Indian Bank, and various agencies of State and

Central Governments for their continued support and guidance. The industrial relations of the Company were cordial throughout the year under review.

Your directors wish to place on record their appreciation for the services rendered by all Officers, Staff and Workmen of the Company. Your Directors would also like to thank all the shareholders who have reposed their confidence on the Company.

Hyderabad By Order of the Board 27.08.2014 For P.M. TELELINNKS LIMITED

Sd/- (G. P. Surana) Managing Director


Mar 31, 2013

The Members,

The Directors hereby present the 33rd Annual Report of the Company together with the Audited Financial Statement of Accounts for the period ended on 31st March 2013.

FINANCIAL RESULTS:

The performance during the year is as under

CURRENT PREVIOUS YEAR3 YEAR 1.03.2013( 31.03.2012 Rs. in laks) (Rs.in laks)

Sales Other income 3637.18 4413.26

Yofit before Depreciation, Interest and

Exceptional items 46.63 154.60

DEDUCT

Depreciation 0 0

Interest 0 0

Profit before tax, prior period and

sxtraordinary items 46.63 154.60

Vior period adjustments 0 0

Extraordinary items 0 0

Provision for taxation ( net of deferred 0 0 tax adjustment)

Profit after tax 46.63 154.60

Income tax of earlier years 0 0

Surplus brought forward from last year (2089.75) (2244.36)

balance available for appropriation -- --

APPROPRIATION

Proposed Dividend -- --

Transfer from General Reserve -- --

palance c/f to Balance Sheet (2043.12) (2089.75)

OPERATIONAL AND FINANCIAL PERFORMANCE

Your Directors have to inform you that your Company has achieved a sale turnover of Rs 3637.17 Lacks,(Previous Year 4413.26. Lacs) during the year under review.

FUTURE OUTLOOK:

The Company is looking for new avenues to increase the turnover and profitability. FIXED DEPOSITS

Your Company has not accepted any deposits from the public for the year under review within the meaning of Section 58A of the Companies Act, 1956 and the Rules made there under.

FINANCES

The Company has dismantled obsolete machines and industrial sheds and also collected long outstanding dues from debtors and paid off to creditors.

AUDITORS''

M/s.G.Ramamohan & Co. Chartered Accountants, Auditors of the company will retire at the ensuing AGM of the Company and expressed their inability to be available for the next financial year and forwarded to the company their resignation letter. The board considered their wish and accepted .the board placed on record its gratitude for their service during their tenure. The board received communication from M/S. MJ JALAN& CO , CHARTERED ACCOUNTENTS, REPRESENTED BY Sri.M J Jalan, proprietor , expressing it''s willingness to take the appointment as Statutory auditors of your company from the financial year beginning on 1.4.2013. The members are requested to consider their appointment for the year 2013-14 on such remuneration as determined by the board.

DIRECTORS RESPONSIBILITY STATEMENT

As required u/s 217 (2AA) of the Companies Act, 1956, you Directors confirm that:

1. In preparation of Annual Financial Statement of Account for the period ended 31st March 2013, the applicable accounting standards have been followed along with proper explanation relating to material departures.

2. Directors 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 2012-2013 and the profit & loss of the company for that period.

3. 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. ''

CONSTITUTION OF AUDIT COMMITTEE

In accordance with the provisions of Section 292 A of the Companies Act, 1956 read with Clause 49 of Listing Agreement of the Stock Exchanges, the Board of Directors has constituted an Audit Committee with the following members of the Board.

1. Sri P Chandra Mohan Rao, Chairman

2. Sri G. P Surana, Managing Director

3. Sri C Raj Kumar

The Audit Committee discharges its duties, performs its functions and exercises its role in terms of provisions of Section 292 A of the Companies Act, 1956 and Clause 49 of Listing Agreement of the Stock Exchanges. The terms of reference of the Audit Committee are those as are governed by the provisions of Section 292 A of the Companies Act, 1956 and Clause 49 of the Listing Agreement of the Stock Exchanges.

DIRECTORS

Sri C Raj Kumar who retires by rotation during the ensuing Annual General Meeting and being eligible, offers himself for re-appointment. It is in the best interests of the Company, your Board of Directors commend for re-appointment of Sri C Raj Kumar as a Director of the Company. -

STATUTORY INFORMATION

Information on Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and outgo as required to be disclosed under Section 217 (1) (e) of the Companies Act, 1956, read with Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988, are provided as an Annexure forming a part of this Report. Since the manufacturing activities are suspended the compliance reports required under section 271 (1)(e) are no longer applicable to the company.

LISTING INFORMATION

The Equity Shares of your company are listed at the Mumbai Stock Exchange. In terms of Clause 38 of Listing Agreement, the listing fees for the financial year 2013-2014 have already been paid.

DEMATERIALISATION OF SHARES

As the members are aware, your company''s shares are tradable compulsorily in electronic form and your company has established connectivity with both the depositories viz. National Securities Depository Limited (NSDL) and Central Depository Limited (CDSL). The members are requested to dematerialize their physical holding in view of various advantages of holding the shares in dematerialized form. The company also follows the transfer cum demat procedure for quick transfer and dematerialization of shares.

M/s Aarathi Consultants Private Limited, 1-2-285, Domalguda, Hyderabad, a registered Depository Participant has been retained as Registrar and Share Transfer Agent.

CORPORATE GOVERNANCE:

Your company has been practicing the principles of good Corporate Governance over the years and the Board of Directors lays strong emphasis on transparency, accountability and integrity. The Company has taken adequate steps to ensure that the conditions of corporate Governance as stipulated in clause 49 of the listing agreements of the Stock Exchanges are complied with. Further a report on Corporate Governance and Auditors Certificate regarding compliance of the conditiQns of Corporate Governance as stipulated under Clause 49 of the listing agreement with Stock Exchanges is given in the Annual Report.

PARTICULARS OF EMPLOYEES

Information as required to be given under Section 217 (2A) of the Companies Act, 1956, read with Companies (Particulars of the Employees) Rules, 1975, has been provided as an Annexure, which form part of this Report.

ACKNOWLEDGEMENTS

Your Directors convey their sincere gratitude and express their appreciation for the assistance extended by Company''s Bankers-HDFC Bank, Indian Bank, and various agencies of State and Central Governments for their continued support and guidance. The industrial relations of the Company were cordial throughout the year under review.

Your directors wish to place on record their appreciation for the services rendered by all Officers, Staff and Workmen of the Company. Your Directors would also like to thank all the shareholders who have reposed their confidence on the Company.

By the order of the Boardfor PM TELELINNKS LIMITED



Date: 2-9-2013 Place: Secunderabad Sd/- (G.P.SURANA) MANAGING DIRECTOR


Mar 31, 2009

The Directors hereby present the 29th Annual Report of the Company together with the Audited Financial Statement of Accounts for the period ended on 31st March 2009.

FINANCIAL RESULTS:

The performance during the year is as under

CURRENT PREVIOUS YEAR YEAR 31.03.2008 31.03.2009 (Rs. in lakhs) (Rs. In lakhs)

Sales 0 669.00 Other income 13.92 46.00

Profit before Depreciation, Interest and Exceptional items 9.70 475.00

DEDUCT

Depreciation 0 0

Interest 0 0

Profit before tax, prior period and extraordinary items 0

Prior period adjustments 0 0

Extraordinary items 0 0

Provision for taxation ( net of deferred tax adjustment) 0 0

Profit after tax 0 0

Income tax of earlier years 0 0

Surplus brought forward from last year (2413.20) (2853.36)

Balance available for appropriation - -

APPROPRIATION

Proposed Dividend - -

Transfer from General Reserve - -

Balance c/f to Balance Sheet (2403.56) (2413.20)

OPERATIONAL AND FINANCIAL PERFORMANCE

Your Directors have to inform you that your Company has taken new activities in real estate business and achieved a sale turnover of Rs NIL,(Previous Year Rs.669 Lacs) during the year under review as there is no activity in the real estate sector. However your company is trying its best to cope up with the situation.

FUTURE OUTLOOK:

The Company is looking for valuable open lands, Farm Houses for Development and consequences sale to achieve .

FIXED DEPOSITS

Your Company has not accepted any deposits from the public for the year under review within the meaning of Section 58A of the Companies Act, 1956 and the Rules made there under.

FINANCES

The Company has dismantled absolute machines and industrial sheds and also collected long outstanding dues from debtors and paid of to the secured lender leaving the balance of only Rs 274 Lacs amount.

AUDITORS & AUDITORS REPORT

M/s.Ramamohan & Co. Chartered Accountants, Auditors of the company will retire at the ensuing AGM of the Company and being eligible have offered themselves for reappointment for the year 2009-10. The members are requested to consider their reappointment for the year 2009-10 on such remuneration as determined by the board.

DIRECTORS RESPONSIBILITY STATEMENT

As required u/s 217 (2AA) of the Companies Act, 1956, you Directors confirm that:

1. In preparation of Annual Financial Statement of Account for the period ended 31ST March 2009, the applicable accounting standards have been followed along with proper explanation relating to material departures.

2. Directors 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 2008-2009 and the profit & loss of the company for that period.

3. 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.

CONSTITUTION OF AUDIT COMMITTEE

In accordance with the provisions of Section 292 A of the Companies Act, 1956 read with Clause 49 of Listing Agreement of the Stock Exchanges, the Board of Directors has constituted an Audit Committee with the following members of the Board

1. Sri Shyam Sunder Dey, Chairman

2. Sri G P Surana, Managing Director

3. Sri P. Chandra Mohan Rao, Director

The Audit Committee discharges its duties, performs its functions and exercises its role in terms of provisions of Section 292 A of the Companies Act, 1956 and Clause 49 of Listing Agreement of the Stock Exchanges. The terms of reference of the Audit Committee are those as are governed by the provisions of Section 292 A of the Companies Act, 1956 and Clause 49 of the Listing Agreement of the Stock Exchanges.

DIRECTORS

Sri Sham Sunder Dey who retires by rotation during the ensuing Annual General Meeting and being eligible, offers himself for re-appointment. It is in the best interests of the Company, your Board of Directors commend for re-appointment of Sri Sham Sunder Dey as a Director of the Company.

STATUTORY INFORMATION

Information on Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and outgo as required to be disclosed under Section 217 (1) (e) of the Companies Act, 1956, read with Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988, are provided as an Annexure forming a part of this Report. Since the manufacturing activities are suspended the compliance reports required under section 271(1 )(e) are no longer applicable to the company.

LISTING INFORMATION

The Equity Shares of your company are listed at the Mumbai Stock Exchange. In terms of Clause 38 of Listing Agreement, the listing fees for the financial year 2008-2009 have already been paid.

DEMATERIALISATTON OF SHARES

As the members are aware, your companys shares are tradable compulsorily in electronic form and your company has established connectivity with both the depositories viz. National Securities Depository Limited (NSDL) and Central Depository Limited (CDSL). The members are requested to dematerialize their physical holding in view of various advantages of holding the shares in dematerialized form. The company also follows the transfer cum demat procedure for quick transfer and dematerialization of shares.

M/s Aarathi Consultants Private Limited, 1-2-285, Domalguda, Hyderabad, a registered Depository Participant has been retained as Registrar and Share Transfer Agent.

CORPORATE GOVERNANCE:

Your company has been practicing the principles of good Corporate Governance over the years and the Board of Directors lays strong emphasis on transparency, accountability and integrity. The Company has taken adequate steps to ensure that the Your company has been practicing the principles of good Corporate Governance over the years and the Board of Directors lays strong emphasis on transparency, accountability and integrity. The Company has taken adequate steps to ensure that the conditions of corporate Governance as stipulated in clause 49 of the listing agreements of the Stock Exchanges are complied with. Further a report on Corporate Governance and Auditors Certificate regarding compliance of the conditions of Corporate Governance as stipulated under Clause 49 of the listing agreement with Stock Exchanges is given in the Annual Report..

PARTICULARS OF EMPLOYEES

Information as required to be given under Section 217 (2A) of the Companies Act, 1956, read with Companies (Particulars of the Employees) Rules, 1975, has been provided as an Annexure, which form part of this Report.

ACKNOWLEDGEMENTS

Your Directors convey their sincere gratitude and express their appreciation for the assistance extended by Industrial Development Bank of India and Companys Bankers-Kotak Mahindra Bank Limited, IDBI Bank,Indian Bank,SBI and various agencies of State and Central Governments for their continued support and guidance. The industrial relations of the Company were cordial throughout the year under review.

Your directors wish to place on record their appreciation for the services rendered by all Officers, Staff and Workmen of the Company. Your Directors would also like to thank all the shareholders who have reposed their confidence on the Company.

By the order of the Boardfor P. M TELELINNKS LIMITED

Date: 2ND SEPTEMBER 2009 Sd/- Place: Secunderabad (G.P.SURANA) MANAGING DIRECTOR

 
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