Mar 31, 2014
Dear Shareholders,
We are pleased to present the 22nd Annual Report of Unimode Overseas
Limited together with Audited Financial Statements and Auditor''s Report
for the Financial Year ended as on 31st March 2014. The Financial
Highlights for the year under review are given below:
Financial Results
2013-14 (In Rs.) 2012-13 (In Rs.)
(In Lacs) (In Lacs)
Total Income 2.27 2.65
Profit / (Loss) before Interest and (173) (2.29)
Tax
Interest 0 0
Profit / (Loss) before Tax (1.73) (2.29)
Profit / (Loss) before Tax (1.73) (2.29)
Provision for Taxation 0 0
Profit / (Loss) after Tax (1.73) (2.29)
Dividend
In view of the brought forward and current year losses, your Directors
have been unable to recommend any dividend. Business Operations
Overview & Future Outlook
The Company is planning to raise funds and start trading and
manufacturing activities at a larger scale. The management will
emphasize on leveraging its Trade Mark ''UNIMODE'' in the market and will
create long term assets for all stakeholders of the Company.
Performance
During the year under review, the Company was unable to resume its
trading activities due to some financial problems and the Company was
unable to attain the desired level of T urnover
The Loss before tax was Rs. 172,359.60 and No profit was carried to the
Balance Sheet. The loss is due to reason that company is unable to
resume its trading activities. The performance of the Company is
expected to get improved in the coming years..
Fixed Deposits
The Company has not accepted any deposits during the financial year
under review.
Directors
In terms of the provisions of Companies Act, 2013 and the Articles of
Association of the Company, Smt. Madhu Goyal, Director of the Company
is retiring by rotation and being eligible, offers herself for
re-appointment as non-executive Directors.
During the period, Shri Jatinder Kumar Nangia and Shri Ranjan Kapoor
were appointed as Independent Additional Director of the Company w.e.f
21/10/2013 and 11/07/2014 respectively. However, Mr. Sanjay Dhawan
resigned from the post of Director of the Company w.e.f. 21/10/2013.
Directors'' Responsibility Statement
Pursuant to Section 217 (2AA) of the Companies Act, 1956, the Directors
confirm:
i. that in the preparation of the Annual Accounts for the Financial
Year ended 31st March, 2014, the applicable Accounting Standards have
been followed along with proper explanation relating to material
departures;
ii. that the Directors had selected such accounting policies and
applied them consistently 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 the year under
review;
iii. that the 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; and
iv. that the Directors have prepared the Annual Accounts for the
Financial Year ended 31st March, 2014 on a ''going concern'' basis.
Particulars of Energy, Technology and Foreign exchange
A- Energy conservation - NIL
B- Technology absorption - NIL
C- Foreign Exchange earnings and out go - NIL
Personnel and Particulars of Employees
During the year, the Company did not have any employee.
Auditors
M/s K.L. Datta & Company, Chartered Accountants, Statutory Auditors of
the Company, retire at the conclusion of the ensuing Annual General
Meeting, have expressed their unwillingness to continue as Statutory
Auditors. M/s Sunil Kumar Gupta & Co., Chartered Accountants are
proposed to be appointed as Statutory Auditors of the Company in place
of retiring auditor and Company has received a certificate from them
that if appointment if made would be within prescribed limits under
Section 139 of the Companies Act, 2013.
Auditors'' Report
The Auditors Report is self explanatory and therefore do not call for
any further explanation u/s 217(3) of the Companies Act'' 1956.
Audit Committee recommendations
The Audit Committee of the Company has been constituted with Shri
Rakesh Jain and Smt. Madhu Goyal as Members and Sh. Jatinder Kumar
Nangia as Chairman of the Committee.
Corporate Governance Report
The Company has started compliance of Clause 49 of Listing Agreement.
It strives to attain high standards of corporate governance while
interacting with all our stakeholders.
A separate section on Corporate Governance along with Certificate,
confirming level of Compliance is annexed and forms part of the
Directors'' Report.
Appreciation
Your Directors greatly appreciate the efforts of all the creditors and
Investors for the support.
For and on Behalf of the Board
Date: 28th August, 2014
Jatinder Kumar Nangia Ranjan Kapoor
Unimode Overseas Limited Director Director
CIN No.L51909DL1992PLC048444 DIN No.06767274 DIN No. 00479483
Regd. Office: 16-A-17, First Floor,
Ajmal Khan Road, W.E.A.,
New Delhi-110005
Mar 31, 2013
Dear Shareholders,
The are pleased to present the Twenty First Annual Report of Unimode
Overseas Limited together with Audited Financial Statements and
Auditor''s Report for the Financial Year ended as on 31s1 March 2013.
The Financial Highlights for the year under review are given
Financial Results 2012-13 2011-12
(Rs.) (Rs.)
Total Income 264,833.00 7,017,507
Profit I (Loss) before
Interest and Tax (228,712.49) (92,534.00)
Interest 0 0
Profit/Loss before Tax (228,712.49) (92,534.00)
Provision for Taxation 0 0
Profit /(Loss)
after Tax (228,712.49) (92,534.00)
Performance
During the year under review, the Company has earned Gross Income of
Rs. 264,833.00, which is substantially lower in comparison to previous
year.
The company has incurred a loss of Rs. 228,712.49/- in comparison to
the loss of Rs. 92,534.00/- in previous year. The company could not
revive its business due to weak economic conditions and lack of
adequate capital to run the business. The Board is taking various steps
to raise funds for the company and it is expected that the performance
of the company will improve in the coming years.
Dividend
In view of the brought forward losses, your Directors are unable to
recommend any dividend.
Fixed Deposits
The Company has not accepted any deposits during the financial year
under review. Directors
In terms of the provisions of Companies Act, 1956 and the Articles of
Association of the Company, Smt. Madhu Goyal, Director of the Company
is retiring by rotation and being eligible, offers herself for
re-appointment and Mr. Narendra Kumar Goyal Independent Director of the
Company resigned from board.
Business Operations Overview & Future Outlook
The Company is planning to raise funds and start trading and
manufacturing activities in the larger scale. The management will
emphasize on leveraging its Trade Mark ''UNIMODE'' in the market and will
create long term assets for all stakeholders of the Company. The
Company''s performance is expected to show an improvement.
Directors'' Responsibility Statement
Pursuant to Section 217 (2AA) of the Companies Act, 1956, the Directors
confirm:
i) that in the preparation of the Annual Accounts for the Financial
Year ended 31st March, 2013, the applicable Accounting Standards have
been followed along with proper explanation relating to material
departures;
ii) that the Directors had selected such accounting policies and
applied them consistently 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 the year under
review;
iii) that the 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; and
iv) that the Directors have prepared the Annual Accounts for the
Financial Year ended 31sMarch, 2013 on a ''going concern'' baSte.
Particulars of Energy, Technology and Foreign exchange
A. Energy conservation - NIL
B. Technology absorption - NIL
C. Foreign Exchange earnings and out go: - NIL ,
Personnel and Particulars of Employees
During the year, the Company did not have any employee drawing a salary
of Rs. 5 Lakh per month or more. t
Auditors
M/s S. C. Garg & Associates, Chartered Accountants, Statutory Auditors
of the Company, retire at the conclusion of the ensuing Annual General
Meeting, being eligible offer themselves for appointment as statutory
auditors. The Company has received a certificate from them that their
appointment if made would be within prescribed limits under Section
224(1 B) of the Companies Act, 1956.
Auditors'' Report
The Auditors Report is self explanatory and therefore do not call for
any further explanation uI s 217(3) of the Companies Act'' 1956.
Audit Committee Recommendations
The Audit Committee of the Company comprises of Smt Madhu Goyal, Shri
Sanjay Dhawan as Members and Shri Rakesh Jain as Chairman of the
Committee. The Audit Committee recommended the approval of accounts.
Corporate Governance Report
The Company is complying Clause 49 of Listing Agreement. It strives to
attain high standards of corporate governance while interacting with
all our stakeholders.
A separate section on Corporate Governance along with Certificate from
K.L Datta & Co.,
Chartered Accountants, confirming level of Compliance is annexed and
forms part of the Directors'' Report.
Acknowledgements
Your Directors are grateful to the Shareholders for their support and
co-operation extended to the Company for many years.
For and on Behalf of the Board
Rakesh Jain Madhu Goyal
Director Director
Place: New Delhi
Date : 16th August, 2013
Mar 31, 2011
We are pleased to present the Nineteenth Annual Report of Unimode
Overseas Limited together with Audited Financial Statements and
Auditor's Report for the Financial Year ended as on 31sl March 2011.
The Financial Highlights for the year under review are given below:
Financial Results
2010-11 2009-10
(Rs) (Rs)
Total Income 70,89,691 10,40,121
Total Income 77,15,525 68,34,691
Profit / (Loss) before Interest and Tax, 7,69,025 4,66,131
Interest 0 0
Profit / (Loss) before Tax 7,69,025 4,66,131
Profit/Loss before Tax 7,69,025 4,66,131
Provision for Taxation 152620 78,530
Profit /(Loss) after Tax 616135 3,87,601
Performance
During the year under review, the Company have started trading
activities and achieved a turnover of Rs. 77,15,525.
The profit before tax was Rs. 7,69,025/- and Net Loss after adjustment
of accumulated loss was Rs. 48140521.39. The performance of the Company
is expected to be better in the coming years.
Dividend
In view of the brought forward losses, your Directors have been unable
to recommend any dividend. Business Operations Overview & Future
Outlook
The Company is planning to raise funds and start trading and
manufacturing activities in the larger scale. The management will
emphasize on leveraging its Trade Mark 'UNIMODE' in the market and
will create long term assets for all stakeholders of the Company,
Fixed Deposits
The Company has not accepted any deposits during the financial year
under review.
Directors
In terms of the provisions of Companies Act, 1956 and the Articles of
Association of the Company, Smt. Madhu Goyal and Shri Rakesh Jain,
Directors of the Company are retiring by rotation and being eligible,
offers themselves for re-appointment as non-executive Directors.
Directors' Responsibility Statement
Pursuant to Section 217 (2AA) of the Companies Act, 1956, the Directors
confirm:
i) that in the preparation of the Annual Accounts for the Financial
Year ended 31st March, 2011, the applicable Accounting Standards have
been followed along with proper explanation relating to material
departures;
ii) that the Directors had selected such accounting policies and
applied them consistently 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 the year under
review;
iii) that the 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; and
iv) that the Directors have prepared the Annual Accounts for the
Financial Year ended 31st March, 2011 on a 'going concern' basis.
Particulars of Energy, Technology and Foreign exchange
A. Energy conservation - NIL
B. Technology absorption - NIL
C. Foreign Exchange earnings and out go: - NIL
Personnel and Particulars of Employees
During the year, the Company did not have any employee drawing a salary
of Rs. 5 Lakh per month or more.
Auditors
M/s K. L. Datta & Company, Chartered Accountants, Statutory Auditors of
the Company, retire at the conclusion of the ensuing Annual General
Meeting, being eligible offer themselves for re- appointment. The
Company has received a certificate from them that their re-appointment
if made would be within prescribed limits under Section 224(1B) of the
Companies Act, 1956.
Auditors' Report
The Auditors Report is self explanatory and therefore do not call for
any further explanation u/s 217(3) of the Companies Act' 1956.
Audit Committee Recommendations
The Audit Committee of the Company has been constituted with Shri
Narinder Kumar Goyal, Shri Sanjay Dhawan as Members and Shri Rakesh
Jain as Chairman of the Committee.
Corporate Governance Report
The Company has started compliance of Clause 49 of Listing Agreement.
It strives to attain high standards of corporate governance while
interacting with all our stakeholders.
A separate section on Corporate Governance alongwith Certificate from
K.L Datta & Co., Chartered Accountants, confirming level of Compliance
is annexed and forms part of the Directors' Report.
Appreciation
Your Directors greatly appreciate the efforts of all stakeholders for
the support.
For and on Behalf of the Board
Rakesh Jain Madhu Goyal
Director Director
Mar 31, 2010
We are pleased to present the Eighteenth Annual Report of Unimode
Overseas Limited together with Audited Financial Statements and
Auditors Report for the Financial Year ended as on 31st March 2010.
The Financial Highlights for the year under review are given below:
Financial Results 2009-10 2008-09
Total Income 70,89,691 10,40,121
Profit / (Loss) before Interest
and Tax, 4,66,131 8,38,556
Interest 0 0
Profit / (Loss) before Tax 4,66,131 8,38,556
Profit/Loss before Tax 4,66,131 8,38,556
Provision for Taxation 78,530 95,910
Profit/(Loss) after Tax 3,87,601 7,42,646
Performance
During the year under review, the Company have started trading
activities and achieved a turnover of Rs. 68,34,691.
The profit before tax was Rs. 4,66,131/- and Net profit carried to the
Balance Sheet is Rs. 3,87,601. The performance of the Company is
expected to be better in the coming years.
Dividend
In view of the brought forward losses, your Directors have been unable
to recommend any dividend.
Business Operations Overview & Future Outlook
The Company is planning to raise funds and start trading and
manufacturing activities in the larger scale. The management will
emphasize on leveraging its Trade Mark UNIMODE in the market and will
create long term assets for all stakeholders of the Company.
Fixed Deposits
The Company has not accepted any deposits during the financial year
under review.
Directors
In terms of the provisions of Companies Act, 1956 and the Articles of
Association of the Company, Shri Sandeep Gupta and Shri Narinder Kumar
Goyal, Directors of the Company are retiring by rotation and being
eligible, offers themselves for re-appointment as non-executive
Directors.
During the period, Shri Sanjay Dhawan was appointed Additional Director
of the Company. Mrs. Madhu Goyal, Director of the Company joined the
promoter group and she is not an Independent Director of the Company.
During the year, Shri Indra Mohan Gupta and Shri Ashish Gupta,
Directors of the Company have resigned. The Board places on record its
gratitude for the services rendered by them during the tenure of their
Directorship of the Company.
Directors Responsibility Statement
Pursuant to Section 217 (2AA) of the Companies Act, 1956, the Directors
confirm:
i) that in the preparation of the Annual Accounts for the Financial
Year ended 31st March, 2010, the applicable Accounting Standards have
been followed along with proper explanation relating to material
departures;
ii) that the Directors had selected such accounting policies and
applied them consistently 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 the year under
review;
iii) that the 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; and
iv) that the Directors have prepared the Annual Accounts for the
Financial Year ended 31st March, 2010 on a going concern basis.
Particulars of Energy, Technology and Foreign Exchange
A. Energy conservation - NIL
B. Technology absorption - NIL
C. Foreign Exchange earnings and out go: NIL
Personnel and Particulars of Employees
During the year, the Company did not have any employee.
Auditors
M/s K. L. Datta & Company, Chartered Accountants, Statutory Auditors of
the Company, retire at the conclusion of the ensuing Annual General
Meeting, being eligible offer themselves for re- appointment. The
Company has received a certificate from them that their re-appointment
if made would be within prescribed limits under Section 224(1 B) of the
Companies Act, 1956.
Auditors Report
The Auditors Report is self explanatory and therefore do not call for
any further explanation u/s 217(3) of the Companies Act 1956.
Audit Committee Recommendations
The Audit Committee of the Company has been constituted with Shri
Narinder Kumar Goyal, Shri Sanjay Dhawan as Members and Shri Rakesh
Jain as Chairman of the Committee.
Corporate Governance Report
The Company has started compliance of Clause 49 of Listing Agreement.
It strives to attain high standards of corporate governance while
interacting with all our stakeholders.
A separate section on Corporate Governance alongwith Certificate,
confirming level of Compliance is annexed and forms part of the
Directors Report.
Appreciation
Your Directors greatly appreciate the efforts of Liquidator and
Investors for the support.
For and on Behalf of the Board
Rakesh Jain Narinder Kumar Goyal
Director Director
Mar 31, 2009
We are pleased to present the 17th Annual Report of Unimode Overseas
Limited together with Audited Financial Statements and Auditors Report
tor the Financial Year ended as on 31st March 2009. The Financial
Highlights for the year under review are given below:
Financial Results 2008-09 2007-08
(Rs) (Rs.)
Total Income 10,40,121 -
Profit / (Loss) before
Interest and Tax, 8,38,556 (11,08,029)
Interest - -
Profit/Loss before Tax 8,38,556 (11,08,029)
Provision for Taxation 95,910 -
Profit /(Loss) after
Tax 7,42,646 (11,08,029)
Performance
During the year under review, the management of the Company proposed
for voluntary winding up of the Company. Later on, a section of
shareholders who could not attend the Meeting had requisitioned an
Extra Ordinary General Meeting to declare the winding up proceeding
undertaken as null and void.
The Company had earned Rs. 10,40,121/- as interest on Income Tax Refund
and assignment of debt, which was treated bad debt in the earlier
years.
Dividend
In view of the brought forward losses, your Directors have not
recommended any dividend.
Business Operations Overview ft Future Outlook
The Company is not pursuing any serious business as of now. It is
proposing to start trading in fabric, garments etc. and also to leverge
UNIMODE the Trade Mark of the Company.
Fixed Deposits
The Company has not accepted any deposits during the financial year
under review.
Directors
In terms of the provisions of Companies Act, 1956 and the Articles of
Association of the Company, Shri Indra Mohan Gupta, Director of the
Company retire by rotation and being eligible, offer himself for
re-appointment as non-executive Director.
During the period, Shri Narinder Kumar Goyal, Smt. Madhu Goyal and Shri
Rakesh Jain were appointed Additional Directors of the Company.
Directors Responsibility Statement
Pursuant to Section 217 (2AA) of the Companies Act, 1956, Directors
confirm:
i) that in the preparation of the Annual Accounts for the Year ended
31st March, 2009, the applicable Accounting Standards have been
followed along with proper explanation relating to material departures;
ii) that the Directors had selected such accounting policies and
applied them consistently and made judgements and estimates 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 of the Company for the year under review;
iii) that the 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; and iv) that the Directors have prepared the Annual
Accounts for the Financial Year ended 31st March, 2009 on a going
concern basis.
Particulars of Energy, Technology and Foreign exchange
A. Energy conservation - NIL
B. Technology absorption - NIL
C. Foreign Exchange earnings
and out go - NIL
Personnel and Particulars of Employees
During the year, the Company did not have any employee.
Auditors
M/s K. L. Datta & Company, Chartered Accountants, Statutory Auditors of
the Company, retire
at the conclusion of the ensuing Annual General Meeting, being eligible
offer themselves for re-appointment. The Company has received a
certificate from them that their re-appointment if made would be within
prescribed limits under Section 224(1 B) of the Companies Act, 1956.
Auditors Report
The Auditors Report is self explanatory and therefore do not call for
any further explanation u/s 217(3) of the Companies Act 1956.
Audit Committee recommendations
The Audit Committee of the Company has been re-constituted with Shri
Narender Kumar Goyal,Mrs. Madhu Goyal as Members and Shri Rakesh Jain
as Chairman of the Committee.
Corporate Governance Report
The Company has started compliance of Clause 49 of Listing Agreement.
It strives to attaing high standards of corporate governance while
interacting with all our stakeholders.
A separate section on Corporate Governance alongwith from Chartered
Accountants K.L. Datta & Company, confirming level of Compliance is
annexed and forms part of the Directors Report.
Appreciation
Your Directors greatly appreciate the efforts of Liquidator and
Investors tor the support.
For and on Behalf of the Board
Sandeep Gupta Narinder Kumar Goyal
Director Director