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Directors Report of Unijolly Investments Co Ltd.

Mar 31, 2014

Dear Shareholders,

The Directors present the Thirty second Annual Report together with the audited statement of accounts for the year ended 31st March 2014.

1. FINANCIAL RESULTS:

Current Year Previous Year Rupees Rupees

Profit before Depreciation 5,13,416/- 3,54,163/-

Less: Depreciation 468/- 627/-

Profit for the year before taxes 5,12,948/- 3,53,536/-

Less: Provision for current taxation (7,500/-) -

Add: Provision for deferred taxation 620/- 7,057/-

MAT credit entitlement 7,213/- -

Profit available for appropriation 5,13,281/- 3,46,479/-

Reserve fund 1,05,000/- 71,000/-

4,08,281/- 2,75,479/-

Surplus brought forward from last year 91,94,945/- 89,19,466/-

Surplus carried to balance sheet 96,03,226/- 91,94,945/-

2. DIRECTORS:

Sri. Murali D Kanuri retires by rotation and being eligible, offers himself for reappointment.

Sri. Harishchandra Prasad Kanuri retires by rotation and does not offer himself for reappointment.

Sri C. Kameswara Sharma and Dr. K.P. Reddy are proposed to be appointed as Independent Directors pursuant to the provisions of section 149, 150 and 152 read with Schedule IV and other applicable provisions of the Companies Act, 2013, and the Rules notified thereunder to hold office for a term of five consecutive years. These directors shall not be liable to retire by rotation. The Board is of the opinion that the proposed appointees have adequate skills, experience and knowledge and are independent of management.

Your Directors recommend their appointment on the Board.

3. DIRECTORS'' RESPONSIBILITY STATEMENT:

Pursuant to the requirement under Section 217(2AA) of the Companies Act, 1956 with respect to Director''s Responsibility statement, the Directors hereby confirm that:

i) in preparation of the accounts for the financial year ended 31st March 2014, the applicable accounting standard have been followed along with proper explanation relating to material departures;

ii) they have selected such accounting policies and applied them consistently and made judgment and estimate that were 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 or loss of the company for the year under review;

iii) they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with provision of the Companies Act,1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

iv) they have prepared the accounts for the financial year ended 31st March 2014 on a going concern basis.

4. AUDITORS:

The present auditors M/s. Ganesh & Rajendra Associates, Chartered Accountants, retire at the ensuing Annual General Meeting, and have not expressed their willingness to be reappointed as the Auditors. The company received a letter from a share holder proposing M/s C K S Associates, Chartered Accountants, Hyderabad, as Auditors.

In view of this, your directors propose appointment of M/s C K S Associates, (Peer Review Certificate No: 006803), Chartered Accountants, Hyderabad, as the Statutory Auditors of the Company from the conclusion of the ensuing Annual General Meeting till the conclusion of the sixth consecutive Annual General Meeting subject to ratification at each such meeting as per the provisions of section 139 of the Companies Act, 2013, and the Rules made thereunder, from whom a certificate as prescribed under section 139 (1) of the said Act confirming their eligibility for appointment has been obtained.

5. APPOINTMENT OF COMPANY SECRETARY:

As per section 383A of the Companies Act, 1956, the company is supposed to appoint a company secretary in whole time employment. The management has made efforts to comply with the same, but could not succeed in appointing a company secretary. Hence the company has obtained the compliance certificate from a practicing company secretary.

6. PARTICULARS OF EMPLOYEES:

The Company had no employees whose particulars are required to be mentioned pursuant to the provisions of Section 217 (2A) of the Companies Acts, 1956 read with the rules there under.

7. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:

Being an investment company, there are no particulars to be furnished in this report as required by Section 217 (l)(e) of the Companies Act, 1956, relating to conservation of energy and technology absorption. There were no foreign exchange earnings or outgo during the year.

FOR & ON BEHALF OF THE BOARD

Murali D. Kanuri C. Shanta Prasad (Director) (Director)

Place : Mumbai Dated: 30th May, 2014


Mar 31, 2013

To the Shareholders,

The Directors present the Thirty first Annual Report together with the audited statement of accounts for the year ended 31s1 March 2013.

1 FINANCIAL RESULTS:

Current Year Previous Rupees Year Rupees

Profit before Depreciation 3,54,163/- 8,42,313/-

Less: Depreciation 627/- 867/-

Profit for the year before taxes 3,53,536/- 8,41,446/-

Less : Provision for current taxation

Provision for deferred taxation 7,057/- (220/-

Prior year taxes (5,492/-)

Profit available for appropriation 3,46,479/- 8,35,734/-

Reserve fund 71,000/- 1,67,000/-

2,75,479/- 6,68,734/-

Surplus brought forward from last year 89,19,466/- 82,50,732/-

Surplus carried to balance sheet 91,94,945/- 89,19,466/-

2. DIRECTORS:

Smt. C. Shanta Prasad and Smt. K. Prabhavathi Directors retire by rotation and being eligible, offer themselves for reappointment.

3. DIRECTORS'' RESPONSIBILITY STATEMENT :

Pursuant to the requirement under Section 217(2AA) of the Companies Act, 1956 with respect to Director''s Responsibility statement, Lhe Directors hereby confirm that:

i) in preparation of the accounts for the financial year ended 31sf March 2013, the applicable accounting standard have been followed along with proper explanation relating to material departures;

ii) they have selected such accounting policies and applied them consistently and made judgment and estimate that were 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 or loss of the company for the year under review;

iii) they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with provision of the Companies Act,1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

iv) they have prepared the accounts for the financial year ended 31" March 2013 on a going concern basis.

4. AUDITORS:

M/s. Ganesh & Rajendra Associates, Chartered Accountants, retire as the auditors at the ensuing Annual General Meeting and being eligible offer themselves for re-appointment.

5. APPOINTMENT OF COMPANY SECRETARY :

As per section 383A of the Companies Act, 1956, the company is supposed to appoint a company secretary in whole time employment. The management has made efforts to comply with the same, but could not succeed in appointing a company secretary. Hence the company has obtained the compliance certificate from a practicing company secretary.

6. PARTICULARS OF EMPLOYEES :

The Company had no employees whose particulars are required to be mentioned pursuant to the provisions of Section 217 (2A) of the Companies Acts, 1956 read with the rules there under.

7. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO :

Being an investment company, there are no particulars to be furnished in this report as required by Section 217 (l)-(e) of the Companies Act, 1956, relating to conservation of energy and technology absorption. There were no foreign exchange earnings or outgo during the year.

FOR & ON BEH ALF OF THE BOARD

Murali D. Kanuri C. Shanta Prasad

(Director) (Director)

Place : Mumbai

Dated: 30th May, 2013


Mar 31, 2012

The Directors present the Thirtieth Annual Report together with the audited statement of accounts for the year ended 31st March 2012.

1. FINANCIAL RESULTS:

Current Year Previous Rupees Year Rupees

Profit before Depreciation 8,42,313/- 12,88,069/=

Less: Depreciation 867/- 1,239/-

Profit for the year before taxes 8,41,446/- 12,86,830/- Less : Provision for current taxation

Provision for deferred taxation (220/-) (7,420/-)

Prior year taxes (5,492/-) (2,31,626/-)

Profit available for appropriation 8,35,734/- 10,47,784/-

Reserve fund 1,67,000/- 2,10,000/-

6,68,734/- 8,37,784/-

Surplus brought forward from last year 82,50,732/- 74,12,948/-

Surplus carried to balance sheet 89,19,466/- 82,50,732/-

2. DIRECTORS:

Sri.K.Harish chandra Prasad and Sri Murdi D.Kanuri Directors retire by rotation and being eligible, offer themselves for reappointment.

3. DIRECTORS' RESPONSIBILITY STATEMENT :

Pursuant to the requirement under Section 217(2AA) of the Companies Act, 1956 with respect to Director's Responsibility statement, the Directors hereby confirm that:

i) in preparation of the accounts for the financial year ended 31st March 2012, the applicable accounting standard have been followed along with proper explanation relating to material departures;

ii) they have selected such accounting policies and applied them consistently and made judgment and estimate that were 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 or loss of the company for the year under review;

iii) they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with provision of the Companies Act,1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

iv) they have prepared the accounts for the financial year ended 31st March 2012 on a going concern basis.

4. AUDITORS:

M/s. Ganesh & Rajendra Associates, Chartered Accountants, retire as the auditors at the ensuing Annual General Meeting and being eligible offer themselves for re-appointment.

5. APPOINTMENT OF COMPANY SECRETARY :

As per section 383A of the Companies Act, 1956, the company is supposed to appoint a company secretary in whole time employment. The management has made efforts to comply with the same, but could not succeed in appointing a company secretary. Hence the company has obtained the compliance certificate from a practicing company secretary.

6. PARTICULARS OF EMPLOYEES :

The Company had no employees whose particulars are required to be mentioned pursuant to the provisions of Section 217 (2A) of the Companies Acts, 1956 read with the rules there under.

7. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO :

Being an investment company, there are no particulars to be furnished in this report as required by Section 217 (l)(e) of the Companies Act, 1956, relating to conservation of energy and technology absorption. There were no foreign exchange earnings or outgo during the year,

FOR & ON BEHALF OF THE BOARD

Murali D. Kanuri K. Harishchandra Prasad (Director) (Director)

Place : Mumbai Dated: 30th July, 2012


Mar 31, 2010

The Directors present the Twenty Eight Annual Report together with the audited statement of accounts for the year ended 31st March 2010.

1. FINANCIAL RESULTS:

Current Year Previous Rupees Year Rupees

Profit before Depreciation of taxes 5,33,688/- 6,04,563/-

Less: Depreciation 1,824/- 2,762/-

Profit for the year before taxes 5,31,864/- 6,01,801/-

Less : Provision for current taxation (3,300/-)

Provision for fringe benefit tax - (1,296/-)

Provision for deferred taxation 15,263/- 2,100/-

Prior year taxes (5/-) 4,385/-

Profit available for appropriation 5,43,822/- 6,06,990/-

Reserve fund 1,09,000/- 1,25,000/-

4,34,822/- 4,81,990/-

Surplus brought forward from last year 69,78,126/- 64,96,136/-

Surplus carried to balance sheet 74,12,948/- 71,07,221/-



2. DIRECTORS:

Sri Murali D. Kanuri and Sri K. Harishchandra Prasad Directors retire by rotation and being eligible, offers themselves for reappointment.

3. DIRECTORS RESPONSIBILITY STATEMENT :

Pursuant to the requirement under Section 21 7(2 A A) of the Companies Act, 1956 with respect to Directors Responsibility statement, the Directors hereby confirm that:

i) in preparation of the accounts for the financial year ended 31st March 2010, the applicable accounting standard have been followed along with proper explanation relating to material departures;

ii) they have selected such accounting policies and applied them consistently and made judgment and estimate that were 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 or loss of the company for the year under review;

iii) they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with provision of the Companies Act,1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

iv) they have prepared the accounts for the financial year ended 31st March 2010 on a going concern basis.

4. AUDITORS:

M/s. Ganesh & Rajendra Associates, Chartered Accountants, retire as the auditors at the ensuing Annual General Meeting and being eligible offer themselves for re-appointment.

5. APPOINTMENT OF COMPANY SECRETARY :

As per section 383A of the Companies Act, 1956, the company is supposed to appoint a company secretary in whole time employment. The management has made efforts to comply with the same, but could not succeed in appointing a company secretary. Hence the company has obtained the compliance certificate from a practicing company secretary.

6. PARTICULARS OF EMPLOYEES :

The Company had no employees whose particulars are required to be mentioned pursuant to the provisions of Section 217 (2A) of the Companies Acts, 1956 read with the rules there under.

7. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO :

Being an investment company, there are no particulars to be furnished in this report as required by Section 217 (l)(e) of the Companies Act, 1956, relating to conservation of energy and technology absorption. There were no foreign exchange earnings or outgo during the year.



FOR & ON BEHALF OF THE BOARD

Murali D. Kanuri K. Harishchandra Prasad

Director Director

Place: Mumbai

Dated: 30th July 2010



 
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