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Directors Report of WW Technology Holdings Ltd.

Mar 31, 2014

Dear Members,

The Directors have pleasure in submitting their 31th Annual Report with the audited accounts for the year ended March 31,2014.

(Amount in Rupees.) Financial data results 2013-14 2012-13

Total Income 199611 36911

Total Expense 199995 125715

Depreciation & Amortization Expenses N.A. N.A.

Profit /(Loss) before tax (PBT) (385) (88804)

Net Profit / (Loss) after Tax (PAT) (385) (88804)

Performance Review 2013-14:

During the year under review, the Company has incurred a net loss of Rs. 385/- as against net loss of Rs. 88804/- for the previous year.

Dividend:

In view of the losses incurred, your Directors regret their inability to declare any dividend.

Auditors And Auditors Observations:

M/s. Shankarlal Jain and Associates, Chartered Accountants, the Statutory Auditors of the Company retire at the ensuing Annual General Meeting and in their place M/s. R. Sundaresan Aiyar & Co, Chartered Accountants, be appointed as a Statutory Auditors of the company, the remuneration to be determined by the Board of Director of the Company.

With regard to the Auditors observations, the same have been duly explained in the notes, hence does not require any further clarification. Secretarial Compliance Certificate:

The Secretarial Compliance Certificate issued by a practicing Company Secretary pursuant to Section 383A of the Companies Act 1956 read with Rule 3 of Companies (Compliance Certificate) Rule, 2001 is annexed to this Report.

Directors Responsibility Statement:

Pursuant to Section 217(2AA) of the Companies Act, 1956, the Directors to the best of their knowledge and belief confirm that:

I) The applicable standards have been followed in the preparation of the annual accounts and there are no material departure;

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 the loss 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 ofthe Company on a going concern basis.

Particulars as per section 217(2A) of The Companies Act, 1956:

Information as per Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975: None of the employees of your Company was in receipt of remuneration in excess of the limits prescribed in the Companies (particulars of employees) Rules, 1975 during the year and accordingly above Rules is not applicable.

Conservation of Energy, Research & Development, Technology absorption, Foreign exchange Earnings and Outgo:

This information is required as per section 217(1) (e) ofthe companies Act, 1956 read with Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988 and forming part ofthe Directors'' Report for the year ended March 31,2014

Since the company operations involve low consumption of energy the company has no comments to offer as far as (a) conservation of energy and (b) Technology absorptions are concerned.

Foreign Exchange:

The foreign exchange earnings and foreign exchange expenditure during the period under consideration was Nil.

Acknowledgements:

The Directors place on record its deep appreciation for the dedicated services of the executives and staff at all levels of the Company. Grateful thanks are also due to Company''s Bankers, Statutory Authorities, its patrons and all organizations connected with the Company. Shareholders appreciation ofthe managements efforts at the General Meetings ofthe Company and otherwise, is a great fillip to strive for better performance year after year.

Place: Mumbai For and on behalf of the Board Dated: 15th May, 2014 For W W TECHNOLOGY HOLDINGS LIMITED

Paresh Mulji Kariya Chairman DIN:00215937


Mar 31, 2010

The Directors have pleasure in submitting their 27th Annual Report with the audited accounts for the year ended March 31, 2010.

OPERATIONS :

The operations of the company have resulted in a loss of Rs.2,62,663/- during the year ended March 31, 2010 as shown below

Financial data results (Amount in Rupees.)

Year ended Year ended

31st March 2010 31st March 2009

Net Profit / (Loss) (2,62,663) (2,18,618)

Add: Fringe Benefit Tax (140) (1,669)

Add: Surplus / (Deficit) brought (77,41,979) (75,21,692) fromtheprevious year

Surplus / (Deficit) Carried to (80,04,782) (77,41,979)

Balance Sheet

DIVIDEND :

In view of the loss, your Directors have not recommended any dividend for the financial year ended March 31, 2010.

DIRECTOR :

Mr. Anil Patodia, Director of the Company retires at the ensuing Annual General meeting and being eligible offers himself for reappointment as Directors.

AUDITORS AND AUDITORS OBSERVATIONS :

M/s. Shankarlal Jain and Associates, Chartered Accountants, retires as auditors of the Company at the ensuing Annual General Meeting and offer themselves for reappointment.

With regard to the Auditors observations, the same have been duly explained in the notes, hence does not require any further clarifications.

SECRETARIAL COMPLIANCE CERTIFICATE ;

The Secretarial Compliance Certificate issued by a practicing Company Secretary pursuant to Section 383A of the Companies Act 1956 read with Rule 3 of Companies (Compliance Certificate) Rule, 2001 is annexed 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:

i) that in the preparation of the Annual Accounts for the year ended March 31, 2010, the applicable Accounting Standards have been followed alongwith proper explanation 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 fair view of the state of affairs of the Company at the year ended March 31, 2010 and of the profit of the Company for that period.

iii) that the Directors had 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 fraud and other irregularities.

iv) that the Directors had prepared the Annual Accounts for the year ended March 31, 2010 on a going concern basis.

PARTICULARS OF EMPLOYEES ;

The particulars of the employees under the provision of section 217 (2A) of the Companies Act, 1956 are not given as no employees was in receipt of remuneration exceeding Rs.24,00,000/- p.a., if employed for the full year or Rs. 2,00,000/-p.m. if employed for part of the year.

INFORMATION PURSUANT TO SECTION 217 (1) (a) ;

The Company does not carry out any manufacturing activity therefore Rule 2 of the Companies (Disclosure of particulars in the report of the Board of Directors) Rules 1988, pursuant to Section 217 (1) (a) of the Companies Act, 1956 is not applicable.

PARTICULARS ON CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION :

This information is required as per Section 217(l)(e) of the Companies Act, 1956, read with the Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988 and forming part of the Directors Report for the year ended March 31, 2010.

Since the Companys operations involve low consumption of energy, the Company has no comments to offer as far as (a) conservation of energy and (b) Technology absorptions are concerned.

FOREIGN EXCHANGE :

The Foreign exchange earnings and foreign exchange expenditure during the period under consideration was NIL.

For and on behalf of the Board of Directors of

W W TECHNOLOGY HOLDINGS LIMITED

Sarita Mansingka

Chaiman

PLACE: MUMBAI

DATED: JULY 30, 2010


Mar 31, 2009

The Directors have pleasure in presenting herewith their 26th Annual Report together with the Audited Accounts for the financial year ended on 31st March, 2009.

Your directors have to report that your company has earned the commission and brokerage of Rs. 8,78,955/- during the year under report besides the interest of Rs. 12,066/- on the loans advanced by the company. However the operations of the company have resulted into loss of Rs.2,18,618/- during the year under report as against the loss of Rs. 4,36,289/- during last year. The fringe benefit tax of Rs. 1,669/- has been accounted resulting in the total loss of Rs.2,20,287/-. The loss of Rs. 75,21,692/- has been brought forward from earlier years and added and thus the accumulated loss of Rs. 77,41,979/- has been carried to the balance sheet.

DIVIDEND.

In view of the loss, your directors have not recommended any dividend for the year under report.

DIRECTORS:

Mr. S.L. Phalore retires by rotation and being eligible offers himself for re- appointment.

Mrs. Neha Mittal resigned as a director of the company with effect from 15/12/2008.

DIRECTORS RESPONSIBILTY:

Pursuant to Section 217(2AA) of the Companies Act, 1956 your directors confirm that

(i) in the preparation of the annual accounts the applicable accounting standards has been followed.

(ii) they had selected such accounting policies and applied them consistently and made judgements 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 on 31st March, 2009 and of the loss of the company for the year ended on 31st March, 2009.

(iii) they had 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.

(iv) they had prepared the accounts on "going concern basis".

TECHNOLOGY ABSORPTION, RESEARCH & DEVELOPMENT:

Since the company is not carrying any manufacturing activity, the information as required under section.217(l) (e) of the Companies Act, 1956 is not furnished. Like wise the question of environment and pollution control does not arise.

FOREIGN EXCHANGE:

There was no Foreign exchange earning nor any foreign exchange outgoings as such during the year under report.

PARTICULARS OF EMPLOYEES:

The company had no employee of the category specified under section 217(2 A) of the Companies Act, 1956.

AUDITORS:

The Auditors, M/s. Shankarlal Jain & Associates retire at the conclusion of the ensuing Annual General Meeting and are eligible for re-appointment.

FOR AND ON BEHALF OF THE BOARD OF DIRECTORS

Sarita Mansingka Chairperson

Place: Mumabi Date: 31/07/2009.

 
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