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Directors Report of Vishvjyoti Trading Ltd.

Mar 31, 2014

Dear Members,

The Directors have pleasure in presenting the Annual Report and Audited Statements of Accounts for the financial year ended on 31 st March 2014.

FINANCIAL RESULTS:

(Rs. in Lakhs)

Particulars 2012-13 2012-13

Sales and Other Income 4764.72 11.39

Profit before Depreciation and Tax 7.34 -27.45

Depreciation 0.02 0.00

Profit before Tax 7.32 -27.45

Provision for fax 1.40 0

Provision for Deferred Tax 0 0

Prior Year Tax Adjustment 0 -0.01

Profit After Tax 5.92 -27,45

Add: Profit brought forward from previous year -46.31 -18.86

Balance Carried to Balance Sheet (40.39) (46.31)

During the year your Company has achieved a turnover of Rs. 45.04 Crores as against Nil turnover last year and has earned profit of Rs. 5,92 Lakh as against loss of Rs. 27.45 Lakhs during the previous year,

DIVIDEND:

Due to lackluster performance during the year and because of non-availability of sufficient cash fund as well as conserve resources for future, your Directors do not recommends any Dividend for the year under review.

DEPOSITS:

The Company has not accepted any Deposit from the Public during the year under review. As on 31 st March. 2014 no unclaimed deposits are lying with the Company.

PARTICULARS OF EMPLOYEES:

There were no employees in Company during the year under review.

The information as required by provisions of section 217(2A) of the Companies Act, 1956 read with the Companies (Particular of employees) amendments rules, 1975 is reported to be NIL.

AUDITORS:

The auditors of the Company M/s. Jain & Co. hold office until the conclusion of the ensuing Annual General Meeting and are recommended for re-appointment. The Company has received a certificate from the Auditors to the effect that their appointment, if made, would be within the prescribed limits under section 224 (1 -B) of the Companies Act, 1956.

DIRECTOR 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:

a That in the preparation of the annual accounts for the financial year ended 31 st March, 2013, the applicable accounting standards have been followed and there has been no material departure;

b That the Directors have selected such accounting policies were applied consistently and the Directors made judgments and estimates that are reasonable and prudent so as to give true and fair view of the state of affairs of the company at the end of financial year and of profit of the company for that year under review;

c That the directors have taken proper and sufficient care for the maintenance of the adequate accounting records in accordance with provisions of the Companies Act, 1956, for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

d That the annual accounts have been prepared on a going concern basis.

CORPORATE GOVERNANCE.:

Compliance of Clause 49 is applicable to the company from the current year and therefore the Company has adopted to follow the requirements of Corporate Governance as stipulated under clause 49 of the Equity Listing Agreement of Stock Exchange and accordingly, the Report on Corporate Governance forms part of the Annual Report.

The requisite certificate from a Practising Company Secretary regarding compliance with the conditions of Corporate Governance as stipulated in Clause 49 is annexed to this Report.

PARTICULARS UNDER SECTION 217 (I) (F.) OF THE COMPANIES ACT, 1956 RELATING TO CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING AND OUTGO:

As there is nil expenditure on the points mentioned above, no particulars furnished in this report as required under Section 217( 1 )(e) of the Companies Act, 1956 read with Companies (Disclosures of Particulars in the report of the Board of Directors) Rules. 1988 regarding conservation of energy, technology, absorption and foreign exchange earnings and outgo.

ACKNOWLEDGEMENT:

Your Directors wish to place on record their appreciation towards the contribution of all the employees of the Company and their gratitude to the Company''s valued customers, bankers, vendors and members for their continued support and confidence in the Company

By Order of the Board For Vishvjyoti Trading Limited

Kislior Gopal Patil Director

Place: New Delhi Date: 30.05.2014


Mar 31, 2013

Dear Shareholders,

The Directors have pleasure in presenting the Annual Report and Audited Statements of Accounts for the financial year ended on 31st March 2013.

FINANCIAL RESULTS:

(Rs. in Lakhs) Particulars 2012 -13 2011 -12

Sales and Other Income 11.39 0.01

Profit before Depreciation and Tax -27.45 -17.96

Depreciation 0.00 0.00

Profit before Tax -27.45 -17.96

Provision for Tax 0 0

Provision for Deferred Tax 0 0

Prior Year Tax Adjustment 0 -0.01

Profit After Tax -27.45 -17.95

Add: Profit brought forward from previous year -18.86 -0.91

Balance Carried to Balance Sheet (46.31) (18.86)

During the year your Company has received income of Rs.11.39 lakhs as compared to 0.01 lakhs in previous year and has incurred loss of Rs. 27.45 Lakhs as compared to loss of Rs. 17.95 lakhs during the previous year.

DIVIDEND:

Due to lackluster performance during the year and because of non-availability of sufficient cash fund as well as conserve resources for future, your Directors do not recommends any Dividend for the year under review.

REVOCATION OF SUSPENSION:

During the year, BSE Limited (BSE), where the Company''s Equity Shares are listed, have restored the listing status, earlier suspended due to penal reasons and permitted trading in Equity Shares of the Company w.e.f. 29.02.2012. Further, the Company''s securities were admitted into both Central Depository Services (India) Limited as well as National Securities Depository Limited. Consequently, the securities are now traded in both physical as well as dematerialised form. The Company has made payment of annual listing fees to the Stock Exchange.

CHANGES IN THE CAPITAL STRUCTURE:

i. INCREASE IN AUTHORISED CAPITAL

During the year the Authorized Capital of the Company has increased from Rs.24,50,000 to Rs.15,25,00,000 divided into 1,52,50,000 Equity Shares of Rs.10 each.

ii. ALLOTMENT OF EQUITY SHARES

During the year pursuant to shareholders approval at their Extra Ordinary General Meetings held on 26th September, 2012 and 17th January, 2013 respectively, the Board of Directors at their meeting held on 16th October, 2012 and 21st February,2013 have allotted 1,50,00,000 Equity Shares of Rs.10 each at par to certain investors and consequently, the Paid-up capital increased from Rs.24,50,000/- to Rs.15,24,50,000/-.

BOARD OF DIRECTORS AND CHANGE IN MANAGEMENT:

i. Composition of Board of Directors

The Board comprises of four Directors, of which three are Independent Directors.

ii. Changes during the year

During the year Mr. Yuvraj Shetty was appointed as Additional Director of the Company w.e.f. 22nd March, 2013.

Further, none of the Directors of the Company are disqualified under section 274(1) (g) of the Companies Act 1956.

DEPOSITS:

The Company has not accepted any Deposit from the Public during the year under review. As on 31st March, 2012 no unclaimed deposits are lying with the Company.

PARTICULARS OF EMPLOYEES:

There were no employees in Company during the year under review.

The information as required by provisions of section 217(2A) of the Companies Act, 1956 read with the Companies (Particular of employees) amendments rules, 1975 is reported to be NIL.

AUDITORS:

The auditors of the Company M/s. Jain & Co. hold office until the conclusion of the ensuing Annual General Meeting and are recommended for re-appointment. The Company has received a certificate from the Auditors to the effect that their appointment, if made, would be within the prescribed limits under section 224 (1-B) of the Companies Act, 1956.

DIRECTOR''S 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:

a That in the preparation of the annual accounts for the financial year ended 31st March, 2013, the applicable accounting standards have been followed and there has been no material departure;

b That the Directors have selected such accounting policies were applied consistently and the Directors made judgments and estimates that are reasonable and prudent so as to give true and fair view of the state of affairs of the company at the end of financial year and of profit of the company for that year under review;

c That the directors have taken proper and sufficient care for the maintenance of the adequate accounting records in accordance with provisions of the Companies Act, 1956, for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

d That the annual accounts have been prepared on a going concern basis.

CORPORATE GOVERNANCE:

Compliance of Clause 49 is applicable to the company from the current year and therefore the Company has adopted to follow the requirements of Corporate Governance as stipulated under clause 49 of the Equity Listing Agreement of Stock Exchange and accordingly, the Report on Corporate Governance forms part of the Annual Report.

The requisite Certificate from the Auditors of the Company M/s. Jain & Co., regarding compliance with the conditions of Corporate Governance as stipulated in Clause 49 is annexed to this Report.

PARTICULARS UNDER SECTION 217 (1) (E) OF THE COMPANIES ACT, 1956 RELATING TO CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING AND OUTGO:

As there is nil expenditure on the points mentioned above, no particulars furnished in this report as required under Section 217(1)(e) of the Companies Act,1956 read with Companies (Disclosures of Particulars in the report of the Board of Directors) Rules, 1988 regarding conservation of energy, technology, absorption and foreign exchange earnings and outgo.

ACKNOWLEDGEMENT:

Your Directors wish to place on record their appreciation towards the contribution of all the employees of the Company and their gratitude to the Company''s valued customers, bankers, vendors and members for their continued support and confidence in the Company

By Order of the Board

For Vishvjyoti Trading Limited

Sd/-

Place: Delhi Siddharth Panjri

Date: 30.05.2013 Director


Mar 31, 2011

Dear Members,

The Directors have pleasure in presenting the 27th Annual Report and Audited Annual Accounts for the year ended March 31, 2011.

FINANCIAL HIGHLIGHTS

The working results of the company briefly given below:

(Amount in Rs.)

PARTICULARS YEAR ENDED YEAR ENDED 31.03.2011 31.03.2010

Gross Receipts & Other Income 17677207 1485533

Less : Expenditure 17628383 537942

Profit/(Loss) before Taxation 48824 947591

Less : Provision for Taxation 17213 140000

Profit/(Loss) after Taxation 31611 807591

Add : Balance Brought Forward (122517) (930108)

Net Profit/(Loss)carried over to Balance Sheet (90906) (122517)

OPERATIONS

Your Company is exploring various business opportunities to secure business for the Company and striving hard to increase the profitability of the Company.

DIVIDEND

In view to conserve profit incurred, your Directors have not recommended any dividend for the year under review.

DIRECTORS

To strengthen the Board of Directors of the Company, the Company has appointed Mr. Siddharth Panjri as Additional directors of the Company, who hold the office till the ensuing Annual General Meeting and being eligible, offer themselves for being appointed as Directors of the Company. Mr. Nagaraj Babu M S, director, retires by rotation and being eligible, offers himself to be re-appointed in the ensuing Annual General Meeting.

Mr. Suresh Kumar Gupta has resigned as Director of the Company and the Board place on record its sincere appreciation for valuable services rendered by him during his tenure as Director of the Company.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO

In view of the nature of activities which are being carried on by the Company, Rules 2A and B of the Companies (Disclosure of particulars in the report of the Board of Directors) Rules, 1988, concerning conservation of energy and technology absorption respectively, are not applicable to the Company.

During the year under review, the Company had no foreign exchange earnings. The Company has not spent any foreign exchange on any account.

AUDITORS

M/s Jain & Co, Chartered Accountants, who retire at the conclusion of forthcoming Annual General Meeting and being eligible for reappointment, have expressed their willingness to be re-appointed as Statutory Auditors of the Company.

They have furnished a certificate to the effect that the appointment, if made, would be within the limit prescribed under section 224 (1B) of the Companies Act, 1956. Your directors recommend their appointment for another one year.

COMMENTS ON AUDITORS' REPORT

Auditors' Report does not contain any reservation, qualification or adverse remark on the annual accounts for the financial year ended March 31, 2011, hence no information or explanation is required under section 217(3) of the Companies Act, 1956.

DEPOSITS

In accordance with the restrictions and applicable provisions, the Company has neither invited nor accepted any public deposits during the year.

PARTICULARS OF EMPLOYEES

The Company has not employed any employee during the year and hence no information under section 217(2A) of the Companies Act, 1956 was required to be appended to this report.

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 along with proper explanations relating to material departures;

ii) The Directors have selected such accounting policies and applied them consistently and made judgment 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 31st March, 2011 and of the profit of the Company for the financial 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

v) The Directors have prepared the annual accounts of the Company on a 'going concern' basis.

ACKNOWLEDGEMENTS

Your Directors would like to thank all associates of your Company for the support received from them during the year.

For and on behalf of Board of Directors Vishvjyoti Trading Limited

Sd- Rakesh Saxena Director

Date : 18th August 2011 Place: Mumbai