Mar 31, 2014
The Members
We have pleasure in presenting the 17th Annual Report with Audited
Statements of Accounts for the year ended 31*1 March 2014.
(Amount in Rs.)
Particulars 2013-14 2012-13
Profit/ (loss) Before depreciation 601232 431660
Depreciation 95595 130356
Profit/(Loss) before tax 505637 301304
Provision for tax:
Current tax 174848 103483
Deferred Liability (Asset) -3769 -2339
Profit/(Loss) after tax 334558 303643
Keeping the Company''s expansion and growth plans in mind, your
Directors have decided not to recommend dividend fortheyear.
PUBLIC DEPOSITS
Your Company has not accepted any deposits falling within the meaning
of Sec. 58A of the Companies Act, 1956 read with the Companies
(Acceptance of Deposits) Rules, during the financial year under review.
LISTING:
The equity shares of your company are listed on Bombay Stock Exchange
Limited & Calcutta Stock Exchange Limited.
CAPITAL OF THE COMPANY:
The authorized capital of the company stands at Rs. 8,00,00,000 divided
into 80,00,000 shares of Rs. 10/- each fully paid up and the paid up
capital stands at Rs. 5,97,64,000 divided into 5976400 eq uity shares
of Rs. 10/- each fully paid up.
FORFEITURE OF SHARES
During the year 73,900 shares were forfeited due to Non-Payment of
Allotment Money.
DIVERSIFICATION OF BUSINESS
The management has decided to diversify the business activities into
Agriculture Activities including raising of crops and to produce
manufacture, process, all types
of the bio fertilizer, fruits & vegetable market due to high potential
and emphasis of the Government forthe development of Agriculture
Sector.
MANAGEMENT DISCUSSION AND ANALYSIS
A detailed review of operations, performance and future outlook of your
Company and its business is given in the Management Discussion and
Analysis, which forms part of this Report.
DIRECTORS:
In accordance with the Companies Act, 1956 read with Articles of
Association of the company the Director namely, Mr. Praveen Nair
retires by rotation and is eligible for re-appointment. Your Board
recommends the re-appointment of the Director.
Brief Profile of Mrs. D. Swayam Prabha Nair, Managing Director
During the year, Mrs. D. Swayam Prabha Nair was appointed as Managing
Director on 4th January 2014. A graduate having vast experience in
Administration & HR Management. She has been instrumental in
organization development, performance management, employee orientation
and training, employee relations, policy development, etc.
Brief Profile of Mr. G. Srikanth, Additional Director
During the year, Mr. G. Srikanth was appointed as Additional Directors
to hold office up to the date of ensuing annual general meeting. A
Chartered Accountant by qualification having 18 years experience in
handling entire gamut of Finance functions in Sugar, Power Industries.
Has worked at various levels and enriched himself with handling
multiple functions simultaneously. Has implemented excellent accounting
systems & procedures and internal control procedures during his tenure
with various companies. Has very good inter-personnel and communication
skills. He has been working independently for last few years and
helping clients trying up their Finance requirements from Banks &
Institutions. In view of versatile experience held by him, your
directors recommend their appointment.
DIRECTOR''S RESPONSIBILITY STATEMENT:
In pursuance of Section 217(2AA) of the Companies Amendment Act, 2000
yourdirectors confirm:
i) that in the preparation of the annual accounts the applicable
accounting standards have been followed along with proper explanations
relating to material departures.
ii) that 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 financial year.
iii) that the directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of this Act for safe guarding the assets of the company and
for preventing and deleting fraud and other irregularities.
iv) that the directors had prepared the annual accounts on the going
concern basis.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNINGS AND OUT GO:
The required information as per Sec.217 (1)(e) of the Companies Act
1956 is provided hereunder:
A. Conservation of Energy:
Your Company''s operations are not energy intensive. Adequate measures
have been taken to conserve energy wherever possible by using energy
efficient computers and purchase of energy efficient equipment.
B. Technology Absorption:
1. Research and Development (R&D) : NIL
2. Technology absorption, adoption and innovation : NIL
C. Foreign Exchange Earnings and Out Go:
Foreign Exchange Earnings : NIL
Foreign Exchange Outgo : NIL
PARTICULARS OF EMPLOYEES:
There is no employee who is falling under section 217 (2A). Therefore,
the disclosures required to be made under section (2A) of the Companies
Act, 1956 and the rules made there under are not applicable.
CODE OF CONDUCT:
The Code of Conduct has been circulated to all the members of the Board
and Senior Management and the compliance of the same has been affirmed
by them. Code of Conduct has also been placed on the website of the
company. Adeclaration to this effect is given in Annexure.
AUDITORS:
Pursuant to the provisions of Section 139(2) of the Companies Act,
2013, on rotation of audit firms, and based on the recommendation of
the Audit Committee, the Board has at its meeting held on August 30,
2014 recommended the re- appointment of M/s Hari Babu & Associates,
Chartered Accountants, Secunderabad, as the Statutory Auditors of the
Company to hold office from the conclusion of this Annual General
Meeting for a period of 3 yeaars in accordance with the Act, subject to
ratification of the shareholders at every Annual General Meeting. M/s
Hari Babu &Associates, Chartered Accountants, Secunderabad, have
confirmed that the appointment, if made would be within the prescribed
llimits under Section 141 of the Companies Act, 2013. Accordingly, the
appointment of M/s Hari Babu & Associates, Chartered Accountants,
Secunderabad, as the Statutory Auditors, is being proposed as an
Ordinary Resolution.
CORPORATE GOVERNANCE:
As a listed company, necessary measures have been taken to comply with
the listing agreements of Stock Exchanges. A report on Corporate
Governance, along with a certificate of compliance from the Auditors
forms part of this Report as Annexure.
ACKNOWLEDGEMENTS:
Your directors would like to express their appreciation for assistance
and cooperation received from clients, banks, investors, Government,
other statutory authorities and all others associated with the company.
Your directors also wish to place of record their deep sense of
appreciation for the excellent contribution made by the employees at
all levels, which enabled the company to achieve sustained growth in
the operational performance during the year under review.
DECLARATION BY DIRECTOR OF AFFIRMATION BY DIRECTORS AND SENIOR
MANAGEMENT PERSONNEL OF COMPLIANCE WITH THE CODE OF CONDUCT:
To the shareholders,
I, D. Swayam Prabha Nair, Managing Director of the Company do hereby
declare that the directors and senior management of the Company have
exercised their authority and powers and discharged their duties and
functions in accordance with the requirements of the code of conduct as
prescribed by the Company and have adhered to the provisions of the
same.
For and on behalf of the Board
Response Informatics Limited
Sd/-
D. Swayam Prabha Nair
Place: Hyderabad Managing Director
Date: 30.08.2014
Mar 31, 2013
We have pleasure in presenting the 16th Annual Report with Audited
Statements of Accounts for the year ended 31st March 2013.
FINANCIAL RESULTS:
(Amt. in Rs.)
Particulars 2012-2013 2011-2012
Profit / (Loss) before depreciation 431660 773796
Depreciation 130356 718896
Profit / (Loss) before tax 301304 718896
Provision for Tax
-Current Tax 103483 102380
-Deferred Liability (Asset) (2339) (142790)
Profit / (Loss) after Tax 303643 759306
DIVIDEND:
Keeping the Company''s expansion and growth plans in mind, your
Directors have decided not to recommend dividend for the year.
PUBLIC DEPOSITS:
Your Company has not accepted any deposits falling within the meaning
of Sec.58A of the Companies Act, 1956 read with the Companies
(Acceptance of Deposits) Rules, during the financial year under review.
LISTING:
The equity shares of your company are listed on Calcutta Stock Exchange
Limited.
CAPITAL OF THE COMPANY:
The authorized capital of the company stands at Rs. 8,00,00,000 divided
into 80,00,000 shares of Rs. 10/- each and the paid up capital of the
company stands at Rs. 5,96,28,000 divided into 5875300 equity shares of
Rs. 10/- each fully paid up and 175000 equity shares partly paid up.
MANAGEMENT DISCUSSION AND ANALYSIS:
A detailed review of operations, performance and future outlook of your
Company and its businesses is given in the Management Discussion and
Analysis, which forms part of this Report.
DIRECTORS:
In accordance with the Companies Act, 1956 read with Articles of
Association of the company the Director namely, Mr. I V S Suryanarayana
Raju retires by rotation and is eligible for re-appointment. Your Board
recommends the re-appointment of the Director.
During the year, Mr. Hemraj Baid, Mr. K. Ravi Kumar and Mr. K. Praveen
Nair were appointed as Additional Directors to hold office up to the
date of ensuring annual general meeting. In view of versatile
experiences held by them, your directors recommend their appointment.
BRIEF PROFILE OF MR. HEMRAJ BAID:
Name Mr. Hemraj Baid
Date of Birth 10/04/1965
Date of Appointment 09/08/2013
Qualifications B.com, FCS, LLB
No. of Shares held in the Company 64,700
Directorships held in other
companies (excluding private
limited and foreign 2
companies)
BRIEF PROFILE OF MR. K. RAVI KUMAR:
Name Mr. K. Ravi Kumar
Date of Birth 15/08/1954
Date of Appointment 09/08/2013
Qualifications B.Com, CA, ACS, OCP
No. of Shares held in the Company Nil
Directorships held in other
companies 2
(excluding private limited and
foreign companies)
BRIEF PROFILE OF MR. K. PRAVEEN NAIR:
Name Mr. K. Praveen Nair
Date of Birth 17/03/1973
Date of Appointment 09/08/2013
Qualifications Diploma in Electronics
No. of Shares held in the Company Nil
Directorships held in other
companies 2
(excluding private limited and
foreign companies)
DIRECTORS'' RESPONSIBILITY STATEMENT:
In pursuance of Section 217(2AA) of the Companies Amendment Act, 2000
your directors confirm:
i) that in the preparation of the annual accounts the applicable
accounting standards have been followed along with proper explanations
relating to material departures.
ii) that 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 financial year.
iii) that the directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of this Act for safe guarding the assets of the company and
for preventing and deleting fraud and other irregularities.
iv) that the directors had prepared the annual accounts on the going
concern basis.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE
EARNINGS AND OUT GO:
The required information as per Sec.217 (1) (e) of the Companies Act
1956 is provided hereunder:
A. Conservation of Energy:
Your Company''s operations are not energy intensive. Adequate measures
have been taken to conserve energy wherever possible by using energy
efficient computers and purchase of energy efficient equipment.
B. Technology Absorption:
1. Research and Development (R&D) : NIL
2. Technology absorption, adoption and innovation : NIL
C. Foreign Exchange Earnings and Out Go:
Foreign Exchange Earnings : NIL
Foreign Exchange Outgo : NIL
PARTICULARS OF EMPLOYEES:
There is no employee who is falling under section 217 (2A). Therefore,
the disclosures required to be made under section 217 (2A) of the
Companies Act, 1956 and the rules made there under are not applicable.
CODE OF CONDUCT:
The Code of Conduct has been circulated to all the members of the Board
and Senior Management and the compliance of the same has been affirmed
by them. Code of Conduct has also been placed on the website of the
company. A declaration to this effect is given in Annexure.
AUDITORS:
M/s. Hari Babu & Associates, Chartered Accountants, Hyderabad, will
retire as auditors of the company at the ensuing Annual General Meeting
and being eligible have expressed their willingness for reappointment.
Your directors propose the appointment of M/s. Hari Babu & Associates
as statutory auditors to hold office until the conclusion of the next
Annual General Meeting of the company.
CORPORATE GOVERNANCE:
As a listed company, necessary measures have been taken to comply with
the listing agreements of Stock Exchanges. A report on Corporate
Governance, along with a certificate of compliance from the Auditors
forms part of this Report as Annexure.
ACKNOWLEDGMENTS:
Your directors would like to express their appreciation for assistance
and co- operation received from clients, banks, investors, Government,
other statutory authorities and all others associated with the company.
Your directors also wish to place on record their deep sense of
appreciation for the excellent contribution made by the employees at
all levels, which enabled the company to achieve sustained growth in
the operational performance during the year under review.
DECLARATION BY DIRECTOR OF AFFIRMATION BY DIRECTORS AND SENIOR
MANAGEMENT PERSONNEL OF COMPLIANCE WITH THE CODE OF CONDUCT:
The shareholders,
I, P. Maheshwaran Nair, Director of the Company do hereby declare that
the directors and senior management of the Company have exercised their
authority and powers and discharged their duties and functions in
accordance with the requirements of the code of conduct as prescribed
by the Company and have adhered to the provisions of the same.
For and on behalf of the Board
Response Informatics Limited
Sd/-
Place: Hyderabad P. M. Nair
Date:03.09.2013 Director
Mar 31, 2012
We have pleasure in presenting the 15th Annual Report with Audited
Statements of Accounts for the year ended 31st March 2012.
FINANCIAL RESULTS:
(Amt. in Rs.)
Particulars 2011-2012 2010-11
Income 15,35,203 11,10,255
Expenditure 8,16,307 16,28,120
Profit before Tax 7,18,896 -5,17,865
Provision for Taxation -40,410 0
Profit after Taxes 7,59,306 -5,17,865
DIVIDEND:
Keeping the Company''s expansion and growth plans in mind, your
Directors have decided not to recommend dividend for the year.
PUBLIC DEPOSITS:
Your Company has not accepted any deposits falling within the meaning
of Sec.58A of the Companies Act, 1956 read with the Companies
(Acceptance of Deposits) Rules, during the financial year under review.
LISTING:
The equity shares of your company are listed on Calcutta Stock Exchange
Limited.
CAPITAL OF THE COMPANY:
The authorized capital of the company stands at Rs. 8,00,00,000 divided
into 80,00,000 shares of Rs. 10/- each and the paid up capital of the
company stands at Rs. 5,96,28,000 divided into 5875300 equity shares
of Rs. 10/- each fully paid up and 175000 Equity Shares partly paid up.
MANAGEMENT DISCUSSION AND ANALYSIS:
A detailed review of operations, performance and future outlook of your
Company and its businesses is given in the Management Discussion and
Analysis, which forms part of this Report.
DIRECTORS:
In accordance with the Companies Act, 1956 read with Articles of
Association of the company the Director namely Mr. P. Maheswaran Nair
retires by rotation and is eligible for re-appointment. Your Board
recommends the re-appointment of the Director.
DIRECTORS'' RESPONSIBILITY STATEMENT:
In pursuance of Section 217(2AA) of the Companies Amendment Act, 2000
your directors confirm:
i) that the directors in the preparation of the annual accounts the
applicable accounting standards have been followed along with proper
explanations relating to material departures.
ii) that 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 financial year.
iii) that the directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of this Act for safe guarding the assets of the company and
for preventing and deleting fraud and other irregularities.
iv) that the directors had prepared the annual accounts on the going
concern basis.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE
EARNINGS AND OUT GO:
The required information as per Sec.217 (1) (e) of the Companies Act
1956 is provided hereunder:
A. Conservation of Energy:
Your Company''s operations are not energy intensive. Adequate measures
have been taken to conserve energy wherever possible by using energy
efficient computers and purchase of energy efficient equipment.
B. Technology Absorption:
1. Research and Development (R&D) : NIL
2. Technology absorption, adoption and innovation : NIL
C. Foreign Exchange Earnings and Out Go:
Foreign Exchange Earnings : NIL
Foreign Exchange Outgo : NIL
PARTICULARS OF EMPLOYEES:
There is no employee who is falling under section 217 (2A). Therefore,
the disclosures required to be made under section 217 (2A) of the
Companies Act, 1956 and the rules made there under are not applicable.
CODE OF CONDUCT:
The Code of Conduct has been circulated to all the members of the Board
and Senior Management and the compliance of the same has been affirmed
by them. Code of Conduct has also been placed on the website of the
company. A declaration to this effect is given in Annexure.
AUDITORS:
M/s. Hari Babu & Associates, Chartered Accountants, Hyderabad, will
retire as auditors of the company at the ensuing Annual General Meeting
and being eligible have expressed their willingness for reappointment.
Your directors propose the appointment of M/s. Hari Babu & Associates
as statutory auditors to hold office until the conclusion of the next
Annual General Meeting of the company.
CORPORATE GOVERNANCE:
As a listed company, necessary measures have been taken to comply with
the listing agreements of Stock Exchanges. A report on Corporate
Governance, along with a certificate of compliance from the Auditors
forms part of this Report as Annexure.
ACKNOWLEDGMENTS:
Your directors would like to express their appreciation for assistance
and co-operation received from clients, banks, investors, Government,
other statutory authorities and all others associated with the company.
Your directors also wish to place on record their deep sense of
appreciation for the excellent contribution made by the employees at
all levels, which enabled the company to achieve sustained growth in
the operational performance during the year under review.
DECLARATION BY DIRECTOR OF AFFIRMATION BY DIRECTORS AND SENIOR
MANAGEMENT PERSONNEL OF COMPLIANCE WITH THE CODE OF CONDUCT:
The shareholders,
I, P. Maheshwaran Nair, Director of the Company do hereby declare that
the directors and senior management of the Company have exercised their
authority and powers and discharged their duties and functions in
accordance with the requirements of the code of conduct as prescribed
by the Company and have adhered to the provisions of
For and on behalf of the Board
Response Informatics Limited
Place: Hyderabad Sd/-
Date: 03.09.2012 P. M. Nair
Director
Mar 31, 2011
We have pleasure in presenting the 14th Annual Report with Audited
Statements of Accounts for the year ended 31st March 2011.
FINANCIAL RESULTS:
(Amt. in Rs.)
Particulars 2010-11 2009-10
Income 11,10,255 13,99,931
Expenditure 16,28,120 131,48,43
Profit before Tax -5,17,865 85,088
Provision for Taxation 0 41,570
Profit after Taxes -5,17,865 12,76,852
DIVIDEND:
Keeping the Company''s expansion and growth plans in mind, your
Directors have decided not to recommend dividend for the year.
PUBLIC DEPOSITS:
Your Company has not accepted any deposits falling within the meaning
of Sec.58A of the Companies Act, 1956 read with the Companies
(Acceptance of Deposits) Rules, during the financial year under review.
LISTING:
The equity shares of your company are listed on Calcutta Stock Exchange
Limited.
CAPITAL OF THE COMPANY:
The authorized capital of the company stands at Rs. 8,00,00,000 divided
into 80,00,000 shares of Rs. 10/- each and the paid up capital of the
company stands at Rs. 5,96,28,000 divided into 59,62,800 equity shares
of Rs. 10/- each.
MANAGEMENT DISCUSSION AND ANALYSIS:
A detailed review of operations, performance and future outlook of your
Company and its businesses is given in the Management Discussion and
Analysis, which forms part of this Report.
INSURANCE:
The company''s assets have been adequately insured against major risks.
DIRECTORS:
In accordance with the Companies Act, 1956 read with Articles of
Association of the company the Director namely Mr. K. Subba Rao retires
by rotation and is eligible for re- appointment. Your Board recommends
the re-appointment of the Director.
DIRECTORS'' RESPONSIBILITY STATEMENT:
In pursuance of Section 217(2AA) of the Companies Amendment Act, 2000
your directors confirm:
i) that the directors in the preparation of the annual accounts the
applicable accounting standards have been followed along with proper
explanations relating to material departures.
ii) that 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 financial year.
iii) that the directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of this Act for safe guarding the assets of the company and
for preventing and deleting fraud and other irregularities.
iv) that the directors had prepared the annual accounts on the going
concern basis.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE
EARNINGS AND OUT GO:
The required information as per Sec.217 (1) (e) of the Companies Act
1956 is provided hereunder:
A. Conservation of Energy:
Your Company''s operations are not energy intensive. Adequate measures
have been taken to conserve energy wherever possible by using energy
efficient computers and purchase of energy efficient equipment.
B. Technology Absorption:
1. Research and Development (R&D) : NIL
2. Technology absorption, adoption and innovation : NIL
PARTICULARS OF EMPLOYEES:
There is no employee who is falling under section 217 (2A). Therefore,
the disclosures required to be made under section 217 (2A) of the
Companies Act, 1956 and the rules made there under are not applicable.
CODE OF CONDUCT:
The Code of Conduct has been circulated to all the members of the Board
and Senior Management and the compliance of the same has been affirmed
by them. Code of Conduct has also been placed on the website of the
company. A declaration to this effect is given in Annexure.
AUDITORS:
M/s. Hari Babu & Associates, Chartered Accountants, Hyderabad, will
retire as auditors of the company at the ensuing Annual General Meeting
and being eligible have expressed their willingness for reappointment.
Your directors propose the appointment of M/s. Hari Babu & Associates
as statutory auditors to hold office until the conclusion of the next
Annual General Meeting of the company.
CORPORATE GOVERNANCE:
As a listed company, necessary measures have been taken to comply with
the listing agreements of Stock Exchanges. A report on Corporate
Governance, along with a certificate of compliance from the Auditors
forms part of this Report as Annexure.
ACKNOWLEDGMENTS:
Your directors would like to express their appreciation for assistance
and co-operation received from clients, banks, investors, Government,
other statutory authorities and all others associated with the company.
Your directors also wish to place on record their deep sense of
appreciation for the excellent contribution made by the employees at
all levels, which enabled the company to achieve sustained growth in
the operational performance during the year under review.
DECLARATION BY MANAGING DIRECTOR OF AFFIRMATION BY DIRECTORS AND SENIOR
MANAGEMENT PERSONNEL OF COMPLIANCE WITH THE CODE OF CONDUCT:
The shareholders,
I, P. Maheshwaran Nair, Director of the Company do hereby declare that
the directors and senior management of the Company have exercised their
authority and powers and discharged their duties and functions in
accordance with the requirements of the code of conduct as prescribed
by the Company and have adhered to the provisions of the same.
For and on behalf of the Board
Response Informatics Limited
Place: Hyderabad Sd/-
Date: 04.09.2011 P. Maheshwaran Nair
Director