Mar 31, 2014
The Members
The Directors have pleasure in presenting the 27th Annual Report
together with the Audited Statement of Accounts for the year ended
March 31, 2014
Financial Results and Operations
During the year under review there were no operations in the Company.
The other income was Rs.148.52 lacs as against Rs.128.08 lacs in the
previous year. After expenses, gross and net loss during the year under
review was Rs.1.65 lacs as against a profit of Rs.107.11 lacs for the
previous year.
Dividend
Since the Company was not operational during the year under review,
your Directors express their inability to recommend any dividend.
Deposits
During the year the Company has not accepted any deposits from public
under Section 58-A of the Companies Act, 1956.
Listing
After revocation of suspension by the Bombay Stock Exchange Limited the
shares of the Company can now be traded at BSE.
Application has also been made to the Delhi Stock Exchange for
revocation of suspension in trading of shares of the Company and the
same is under process.
Application has also been made to the U.P. Stock Exchange and the
Jaipur Stock Exchange for delisting the shares of the Company from them
and the same is under process.
Directors
Mr. Naveen Kohli and Mr. Anil Sood are liable to retire by rotation and
are eligible for re- appointment.
Auditors and Auditors'' Report
M/s S. K. Mehta & Co., Chartered Accountants, Auditors of the Company
retire at the conclusion of ensuing Annual General Meeting and being
eligible offer themselves for re- appointment. The Company has received
certificate from them to the effect that their re- appointment, if
made, would be in conformity with the section 224(IB) of the Companies
Act, 1956
The Notes on Accounts referred to in the Auditors'' Report are
self-explanatory and therefore do not call for any further comments.
Directors'' Responsibility Statement
Pursuant to the requirement under Section 217(2AA) of the Companies
Act, 1956, with respect to Directors'' Responsibility Statement, it is
hereby confirmed that:
(i) in the preparation of the annual accounts, the applicable
accounting standards have been followed and there are no material
departures from the same;
(ii) the 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 as at March 31, 2014 and of the profit of the Company
for the year ended on that date;
(iii) 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) the Directors have prepared the annual accounts of the Company on
a ''going concern'' basis.
Particulars of Employees
There is no employee under the category whose particulars are required
to be given under section 217(2A), as amended of the Companies Act,
1956.
Conservation of Energy, Technology Absorption and Foreign Exchange
Earnings and Outgo
Since the Company was not operational during the year, the information
regarding conservation of energy, technology absorption and R & D as
required to be disclosed is not given.
Foreign Exchange Earning and Outgo
During the year under review, the company has neither earned any
foreign exchange nor incurred and foreign exchange expenditure.
Corporate Governance
Y our Company is committed to maintain the highest standards of
Corporate Governance. The Directors adhere to the requirements set out
by the Securities and Exchange Board of India''s Corporate Governance
practices and have implemented all the stipulations prescribed. The
Report on Corporate Governance as stipulated under Clause 49 of the
Listing Agreement forms part of the Annual Report.
The requisite Certificate from the practicing Company Secretary, Ms.
Supreet Kaur Rekhi, confirming compliance with the conditions of
Corporate Governance as stipulated under the aforesaid Clause 49, is
annexed to this Report.
Acknowledgement
The Directors would like to express their appreciation for the
continued confidence reposed in them by the shareholders of the Company
and look forward to their continued support.
For and on behalf of the Board
For VIBROS ORGANICS LIMITED
Sd/-
(NAVEEN KOHLI)
CHAIRMAN & MANAGING DIRECTOR
Place: Noida
Dated: 21stMay 2014
Mar 31, 2013
The Directors have pleasure in presenting the 26th Annual Report
together with the Audited Statement of Accounts for the year ended
March 31, 2013.
Financial Results and Operations
During the year under review there were no operations in the Company.
The other income was Rs. 128.08 lacs as against Rs. 1.76 lacs in the
previous year. After expenses, gross and net profit during the year
under review was Rs. 107.11 lacs as against a loss of Rs. 17.53 lacs
for the previous year.
Dividend
Since the Company was not operational during the year under review,
your Directors express their inability to recommend any dividend.
Deposits
During the year the Company has not accepted any deposits from public
under Section 58-A of the Companies Act, 1956.
Listing
After revocation of suspension by the Bombay Stock Exchange Limited the
shares of the Company can now be traded at BSE.
Application has also been made to the Delhi Stock Exchange for
revocation of suspension in trading of shares of the Company and the
same is under process.
Application has also been made to the U.P. Stock Exchange and the
Jaipur Stock Exchange for delisting the shares of the Company from them
and the same is under process.
Directors
Mr. Vivek Jha and Mr. Narender Kumar Sood are liable to retire by
rotation and are eligible for re- appointment.
Auditors and Auditors'' Report
M/s S. K. .Mehta & Co., Chartered Accountants. Auditors of the Company
retire at the conclusion of ensuing Annual General Meeting and being
eligible offer themselves to re- appointment. The Company has received
certificate from them to that their re- appointment. if made,
would be in conformity with the Section 224(IB) of the Companies Act.
SIR
The Notes on Accounts referred to in the Auditors'' Report are
self-explanatory and therefore do not call for any further comments.
Directors'' Responsibility Statement
Pursuant to the requirement under Section 217(2AA) of the Companies
Act, 1956. with respect to Directors'' Responsibility Statement, it is
hereby confirmed that:
(i) in the preparation of the annual accounts, the applicable
accounting standards have been followed and there are no material
departures from the same;
(ii) the Directors have selected such accounting policies and applied
them consistently and made judgments and estimates lhat are reasonable
and prudent so as to give a true and tair view of the state of affairs
of the Company as at March 31. 2013 and of the profit of the Company
for the year ended on that date;
(iii) 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) the Directors have prepared the annual accounts of the Company on
a ''going concern basis.
Particulars of Employees
There is no employee under the category whose particulars are required
to be given under section 217(2 A ), as amended of the Companies Act,
1956.
Conservation of Energy, Technology Absorption and Foreign Exchange
Earnings and Outgo
Since the Company was not operational during the year, the information
regarding conservation of energy, technology absorption and R & D as
required to be disclosed is not given.
Foreign Exchange Earning and Outgo
During the year under review, the company has neither earned any
foreign exchange nor incurred and foreign exchange expenditure.
Corporate Governance
Company committed to maintain the highest standards of Corporate
Governance. the Director adhere to the requirements set out by the
Securities and Exchange Board of India''s Corporate Geomancer practices
and have implemented all the stipulations prescribed. the on
corporate Governance as stipulated under Clause 49 of the Listing
Agreement forms part of the Annual Report.
The requisite Certificate from the practicing Company Secretary. Mr.
Yatish Bhardwaj. confirming compliance with the conditions of
Corporate Governance as stipulated under the aforesaid Clause 49. is
annexed to this Report.
Acknowledgement
The Directors would like to express their appreciation for the
continued confidence reposed in them by the shareholders of the Company
and look forward to their continued support.
For and on behalf of the Board
For VIBROS ORGANICS LIMITED
Sd/-
(NAVEEN KOHLI)
CHAIRMAN & MANAGING DIRECTOR
Place: Noida
Dated: 30th May, 2013
Mar 31, 2012
The Members
The Directors have pleasure in presenting the 25lh Annual Report
together with the Audited Statement of Accounts for the year ended
March 3 1, 2012.
Financial Results and Operations
During the year under review there were no operations in the Company.
The other income was Rs. 1.76 lacs as against Rs. 0.40 lacs in the
previous year. After expenses, gross and net loss during the year under
review was Rs. 17.53 lacs as against Rs. 2.22 lacs for the previous
year.
Dividend
Since the Company was not operational during the year under review,
your Directors express their inability to recommend any dividend.
Deposits
During the year the Company has not accepted any deposits from public
under Section 58-A of the Companies Act, 1 956.
Revocation of Suspension in trading of Shares in BSE
Due to efforts of the Company, the Bombay Stock Exchange Limited has
revoked the suspension in trading of shares of the Company and the same
can now be traded at BSE.
Revocation of Suspension in trading of Shares in DSE
Application has also been made to the Delhi Stock Exchange for
revocation of suspension in trading of shares of the Company and the
same is under process.
Delisting of Shares from TJPSE and JSE
Application has also been made to the U.P. Stock Exchange and the
Jaipur Stock Exchange for delisting the shares of the Company from them
and the same is under process.
Directors
Mr. Narender Kumar Sood and Mr. Anil Sood are liable to retire by
rotation and are eligible for re- appointment.
Auditors and Auditors' Report
M/s S. K .Mehta & Co., Chartered Accountants, Auditors of the Company
retire at the conclusion of ensuing Annual General Meeting and being
eligible offer themselves for re-appointment. The Company has received
certificate from them to the effect that their re-appointment, if made,
would be in conformity with the Section 224(rB) of the Companies Act,
1956.
The Notes on Accounts referred to in the Auditors' Report are
self-explanatory and therefore do not call for any æfurther comments.
Directors' Responsibility Statement
Pursuant to the requirement under Section 217(2AA) of the Companies
Act, 1956, with respect to Directors' Responsibility Statement, it is
hereby confirmed that:
(i) in the preparation of the annual accounts, the applicable
accounting standards have been followed and there are no material
departures from the same; (ii) the 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 as at March 3 b 2011
and of the profit of the Company for the year ended on that date; (Hi)
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) the Directors have prepared the annual accounts of the Company on
a 'going concern" basis.
Particulars of Employees
There is no employee under the category whose particulars are required
to be given under section 21 7(2A), as amended of the Companies Act, ]
956.
Conservation of Energy, Technology Absorption and Foreign Exchange
Earnings and
Outgo
Since the Company was not operational during the year, the information
regarding conservation of energy, technology absorption and R&D as
required to be disclosed is no! given.
Foreign Exchange Earning and Outgo
During the year under review, the company has neither earned any
foreign exchange nor incurred and foreign exchange expenditure.
Corporate Governance
Your Company is committed to maintain the highest standards of
Corporate Governance. The Directors adhere to the requirements set out
by the Securities and Exchange Board of India's Corporate Governance
practices and have implemented all the stipulations prescribed. The
Report on Corporate Governance as stipulated under Clause 49 0f t]ie
Listing Agreement forms part of lire Annual Report.
The requisite Certificate from the practicing Company Secretary, Mr.
Manish Kumar Dixit, confirming compliance with the conditions of
Corporate Governance as stipulated under the aforesaid Clause 49, is
annexed to this Report.
Acknowledgement
The Directors would like to express their appreciation for the
continued confidence reposed in them by the shareholders of the Company
and look forward to their continued support.
For and on behalf of the Board
For VIBROS ORGANICS LIMITED
Sd/-
(NAVEEN KOHL1)
Place: Greater Noida CHAIRMAN & MANAGING DIRECTOR
Dated: 1st September, 2012
Mar 31, 2011
The Directors have pleasure in presenting the 24th Annual Report
together with the Audited Statement of Accounts for the year ended
March 31,2011.
Financial Results and Operations
Out of the part consideration received against the sale of land and
building of the company at Sikandrabad, Bulandshahar, pending dues of
the financial institutions have been paid in full.
Dividend
Since the Company was not operational during the year under review,
your Directors express their inability to recommend any dividend.
Deposits
During the year the Company has not accepted any deposits from public
under Section 58-A of the Companies Act, 1956.
Revocation of Suspension in trading of Shares in BSE
As a result of extensive efforts on the part of the Company, the Bombay
Stock Exchange Limited has granted in-principal approval for revocation
of suspension in trading of shares of the Company.
Delisting of Shares from UPSE and JSE
In view of there being no trading in the shares of the Company in the
U.P. Stock Exchange Association Limited and the Jaipur Stock Exchange
Limited and to curtail the expenses of the Company, the Board at its
meeting held on September 2, 2011, has passed a resolution to delist
the shares of the Company from the said two Stock Exchanges.
Directors
Mr. Narender Kumar Sood and Mr. Vivek Jha are liable to retire by
rotation and are eligible for re- appointment.
Auditors and Auditors' Report
M/s S. K .Mehta & Co., Chartered Accountants, Auditors of the Company
retire at the conclusion of ensuing Annual General Meeting and being
eligible offer themselves for re-appointment. The Company has received
certificate from them to the effect that their re-appointment, if made,
would be in conformity with the Section 224(IB) of the Companies Act,
1956.
The Notes on Accounts referred to in the Auditors' Report are
self-explanatory and therefore do not call for any further comments.
Directors' Responsibility Statement
Pursuant to the requirement under Section 217(2AA) of the Companies
Act, 1956, with respect to Directors' Responsibility Statement, it is
hereby confirmed that:
(i) in the preparation of the annual accounts, the applicable
accounting standards have been followed and there are no material
departures from the same;
(Ii) the 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 as at March 31,2011 and of the profit of the Company for
the year ended on that date;
(iii) 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) the Directors have prepared the annual accounts of the Company on
a 'going concern' basis.
Particulars of Employees
There is no employee under the category whose particulars are required
to be given under section 217(2 A), as amended of the Companies Act,
1956.
Conservation of Energy, Technology Absorption and Foreign Exchange
Earnings and Outgo
Since the Company was not operational during the year, the information
regarding conservation of energy, technology absorption and R & D as
required to be disclosed is not given.
Foreign Exchange Earning and Outgo
During the year under review, the company has neither earned any
foreign exchange nor incurred and foreign exchange expenditure.
Corporate Governance
Your Company is committed to maintain the highest standards of
Corporate Governance. The Directors adhere to the requirements set out
by the Securities and Exchange Board of India's Corporate Governance
practices and have implemented all the stipulations prescribed. The
Report on Corporate Governance as stipulated under Clause 49 of the
Listing Agreement forms part of the Annual Report.
The requisite Certificate from the practicing Company Secretary, Mr.
Manish Kumar Dixit, confirming compliance with the conditions of
Corporate Governance as stipulated under the aforesaid Clause 49, is
annexed to this Report.
Acknowledgement
The Directors would like to express their appreciation for the
continued confidence reposed in them by the shareholders of the Company
and look forward to their continued support.
For and on behalf of the Board
For VIBROS ORGANICS LIMITED
Sd/-
(NAVEEN KOHLI)
CHAIRMAN & MANAGING DIRECTOR
Place: Greater Noida
Dated: 2nd September, 2011
Mar 31, 2010
The Members
The Directors have pleasure in presenting the23n Annual Report
together with the Audited Statement of Accounts for the year ended
March 31, 2010.
A. FINANCIAL RESULTS AND OPERATIONS
Tn view of there being no production/sale during the last several years
and there also being no probability of the same in the near future, it
was considered prudent to sell off few assets and pay off the
outstanding liabilities. Accordingly, an agreement was executed to sell
the land and building situated at A -46, UPSIDC Industrial Area,
Sikandrabad, Bulandshahar, U.P. The advance/ part payment received in
this regard has been utilized in payment of dues of the financial
institutions and banks as per the OTS arrived at with them.
During the year, as per the OTS with the banks and financial
institutions, an amount of Rs. 39,17,208/- towards outstanding
interest dues was written off and total expenditures of Rs. 33,300/-
was incurred. Deferred revenue expenditure amounting to Rs. 12,22,758/-
was also written off.
B. DIRECTORS
Shri Anil Sood and Sliri Narender Kumar Sood are liable to retire by
rotation and are eligible for re- appointment.
D. AUDITORS
M/s S. K .Mehta & Co., Chartered Accountants, Auditors of the Company
retire at the conclusion of ensuing Annual General Meeting and being
eligible offer themselves for re- appointment. The Company has received
certificate from them to the effect that their re- appointment, if made
, would be in conformity with the Section 224(TB) of the Companies Act,
1956.
E. DIVIDEND
Since the Company was not operational during the year under review,
your Directors express their inability to recommend any dividend.
F. DIRECTORS' RESPONSIBILITY STATEMENT
Pursuant to the requirement under Section 217(2AA) of the Companies
Act, 1956, with respect to Directors' Responsibility Statement, it is
hereby confirmed that:
(i) in the preparation of the annual accounts, the applicable
accounting standards have been followed and there are no material
departures from the same;
(ii) the 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 as at March 31, 2010 and of the profit of the Company
for the year ended on that date;
(iii) 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) the Directors have prepared the annual accounts of the Company on
a 'going concern' basis.
G. STATUTORY STATEMENTS
(i) Particulars of Employees
There is no employee under the category whose particulars are required
to be given under section 217(2A), as amended of the Companies Act,
1956.
(ii) Conservation of Energy, Technology Absorption and Foreign Exchange
Earnings and Outgo
Since the Company was not operational during the year, the information
regarding conservation of energy, technology absorption and R & D as
required to be disclosed is not given.
(iii) Foreign Exchange Earning and Outgo
During the year under review, the company has neither earned any
foreign exchange nor incurred and foreign exchange expenditure.
H. DEPOSITS
During the year the Company has not accepted any deposits from public
under Section 58-A of the Companies Act, 1956.
For and on behalf of the Board
For VIBROS ORGANICS LIMITED
(NAVEEN KOHLI)
CHAIRMAN AND MANAGING DIRECTOR
Place: Greater Noida
Dated:2nd September,2010.
Mar 31, 2009
The Directors have pleasure in presenting the 22nd Annual Report
together with the Audited Statement of Accounts for the year ended
March 31, 2009.
A. FINANCIAL RESULTS AND OPERATIONS
During the year under review the production could not be re-commenced.
The Board of Directors are, however, taking steps lo resume production
at earliest. The plant for manufacture of ONCB/PNCB could not be
commissioned during the current year also because of financial
constraints being faced by the Company. During the year the total
Income was NIL whereas total expenditures were Rs. 109,663.00. Hence
total loss comes to Rs. 109,663.00 and after brought forwarding the
accumulated losses of previous years the total loss comes to Rs.
72,032,024.07.
U. SETTLEMENT/ RECONSTRUCTION OF TERM LOAN
The Company has submitted proposals with secured lenders for One Time
Settlement (OTS) of its outstanding working capital, which is
underactive consideration.
C.DIRECTORS
Shri Anil Sood and Shri Narender Kumar Sood are to retire by rotation
and are eligible for re-appointment.
D.AUDITORS
M/s S.K.Mehta & Co., Chartered Accountants, Auditors of the Company
retire at the conclusion of ensuing Annual General Meeting and being
eligible offer themselves for rc-appointment. The Company has received
certificate from them to the effect that their re-appointment ,if made
, would be in conformity with the Section 224(IB) of the Companies Act,
1956.
E.DIVIDEND
Since the Company was not operational during the year under review Your
Directors express their inability to recommend any dividend.
F.DIRECTORS' RESPONSIBILITY STATEMENT
Pursuant to Section 217(2AA) of the Companies Act, 1956, your Directors
hereby make their responsibility statement:
i) in the preparation of the annual accounts, the applicable accounting
standards have been followed along with proper explanation relating to
material departures;
ii) appropriate accounting policies have been selected and have 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 of the
profit or loss of the Company for that period;
iii) proper and sufficient care has been taken for the maintenance of
accounting records in accordance with the provisions of this Act for
safeguarding the assets of the Company and for preventing and detecting
fraud and other irregularities;
iv) the annual accounts have been prepared on a going concern basis.
G. STATUTORY STATEMENTS
i) PARTICULARS OF EMPLOYEES
There is no employee under the category whose particulars are required
to be given under section 217(2A), as amended of the Companies Act,
1956.
ii) CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNINGS AND OUTGO
Since the Company was not operational during the year, the information
regarding conservation of energy, technology absorption and R & D as
required to be disclosed is not given.
iii) FORIGN EXCHANGE EARNING AND OUTGO
During the year under review, the company has neither earned any
foreign exchange nor incurred and foreign exchange expenditure,
H.DEPOSITS
During the year the Company has not accepted any deposits from public
under Section 58-A of the Companies Act, 1956.
For and on behalf of the Board
For VIBROS ORGANICS LIMITED
SD/-
(NAVEEN KOIILI)
CHAIRMAN
Place: Sikandrabad(U.P.)
Dated: August 18, 2009
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article