Mar 31, 2014
Dear Stakeholders,
The Directors have pleasure in presenting the annual Report together
with the Audited Accounts for the year ended 31st March, 2014.
FINANCIAL PERFORMANCE
This year Company has made a loss of Rs.7,34,854/-.
CAPITAL
This year Company has sub divided face value of Equity Share from
Rs.10/- to Re.1/-. Subsequent to this, Share Capital of the Company is
4,35,98,000/- divided into 43598000 shares of Re.1/-.
DIVIDEND
In the event of losses, the Directors do not recommend any dividend for
the year ended 31st March 2014.
DIRECTORS
Mr. P.S. Gupta and Mr. Noor Mohammed Khan has resigned during the year.
The Board of Directors comprise of Mr. Dinesh Kumar Chouhan, Mr.
Sharad Dadhich, Mr. Maksud Khan and Mr. Ranjeet Ranjan Thakur.
LISTING
The equity shares of the company is listed at Bombay Stock Exchange
Limited.
DIRECTORS'' RESPONSIBILITY STATEMENT
In terms of section 217 (2AA) of the Companies Act, 1956, your
directors confirm:
(i) that in preparation of the Annual Accounts, the applicable
accounting standards had been followed;
(ii) that the applicable accounting policies have been consistently
followed and that they had 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 and of the
Loss of the Company for that period.
(iii) that 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; and
(iv) That they had prepared the annual accounts on a going concern
basis.
INFORMATION AS PER SECTION 217 (1) (E) OF THE COMPANIES ACT, 1956
Your Company has no activity relating to conservation of energy or
technology absorption. Your Company did not have any foreign exchange
earnings or outgo during the year.
PERSONNEL
None of the employees of the Company is in receipt of remuneration in
excess of limits prescribed under Section 217 (2A) of the Companies
Act, 1956.
DEPOSITS
Your Company has not accepted any public deposit during the period
under review.
MANAGEMENT DISCUSSION & ANALYSIS & CORPORATE GOVERNANCE REPORT
Management Discussion & Analysis and Corporate Governance report forms
part of the Directors'' Report.
AUDITORS
Mr. D.M.Oza & Associates, Chartered Accountants, Ahmedabad were
appointed as auditors of the company for the current financial year and
their term of office expires at the ensuing Annual General Meeting.
They being eligible offer themselves for re-appointment.
ACKNOWLEDGEMENTS
Yours Directors place on record their sincere appreciation for the
assistance and support received to the Company from the Shareholders,
Consultants and Auditors of the Company. Your directors express their
appreciation for dedicated and sincere services rendered by the
employees of the Company.
For and on behalf of the board
M.P. POLYPROPYLENE LIMITED
PLACE: Raisen
DATE: September 2, 2014 CHAIRMAN
Mar 31, 2013
Dear Stakeholders,
The Directors present the Annual Report and Audited Accounts for the
period from 01st day of April 2012 to 31st March 2013. Your company was
incorporated as a Limited Company on 25th day of May, 1978.
Your Company has not done any business activity during the previous
year. In the previous year the Income was from the profit on sale of
assets. In the current Financial Year the company has incurred a net
loss of Rs.17,66,750/-.
FINANCIAL PERFORMANCE
Particulars As on 31.03.2013 As on 31.03.2012
Gross Receipts 0.00 2,64,05,991.00
Expenditure 17,66,750 1,88,76,406.00
Net Profit/(Loss)before Tax (17,66,750) 75,29,585.00
Provision for Mat/ Defferred Tax/FBT 0.00 14,34,760.00
Profit/(loss) after tax (17,66,750) 60,94,830.00
CAPITAL
The Authorized Capital of your company is Rs. 10 Crores and the Paid up
share capital is Rs.4,35,98,000 as on 31st March 2013.
OPERATIONS
In the event of losses, the Directors cannot recommend any dividend for
the year ended 31st March 2013.
DIRECTORS
In accordance with the Companies Act, 1956, Mr. Dinesh Chauhan, who is
liable to retire by rotation at the ensuing Annual General Meeting and
being eligible offers himself for re-appointment. A motion for the
re-appointment of Mr. Dinesh Chauhan, as Director of the Company will
be placed before the Members in the ensuing AGM.
During the Year, the Board was further strengthened by appointment of 3
new directors, Mr.Sharad Dadhich ,Mr.Maksud Khan and Mr.Ranjeet Ranjan
Thakur as additional Directors. They are appointed as Non-Executive
Independent Directors. Mr.Maksud Khan and Mr.Ranjeet Ranjan Thakur,
young dynamic individuals have been appointed for introduction of
modern thinking as per new era and also to introduce latest technology
for advancement and growth. Mr.Sharad Dadhich, aged 41, is having more
than 20 years of experience in the corporate world. His rich and
dynamic exposure in various facets of business enterprise will be an
advantage for us and will empower our Board.
LISTING
The company is listed at Bombay Stock Exchange Limited. The suspension
in trading of Equity Shares of the Company has been revoked by BSE vide
its Notice No. 20120928-13 dated September 28, 2012.
DIRECTORS'' RESPONSIBILITY STATEMENT
In terms of section 217 (2AA) of the Companies Act, 1956, your
directors confirm:
(i) that in preparation of the Annual Accounts, the applicable
accounting standards had been followed; (ii) that the applicable
accounting policies have been consistently followed and that they had
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 and of the
Loss of the Company for that
period. (iii) that 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; and (iv) That they had prepared the annual accounts on
a going concern basis.
INFORMATION AS PER SECTION 217 (1) (E) OF THE COMPANIES ACT, 1956
Your Company has no activity relating to conservation of energy or
technology absorption. Your Company did not have any foreign exchange
earnings or outgo during the year.
PERSONNEL
None of the employees of the Company is in receipt of remuneration in
excess of limits prescribed under Section 217 (2A) of the Companies
Act, 1956.
DEPOSITS
Your Company has not accepted any public deposit during the period
under review.
MANAGEMENT DISCUSSION & ANALYSIS & CORPORATE GOVERNANCE REPORT
Management Discussion & Analysis and Corporate Governance report forms
part of the Directors'' Report.
AUDITORS
Mr. D.M.Oza & Associates, Chartered Accountants, Ahmedabad were
appointed as auditors of the company for the financial year 2012-2013
and their term of office expires at the ensuing Annual General Meeting.
They being eligible offer themselves for re-appointment.
The Auditors have in the auditor''s report on the accounts for the
period ended on 31st March 2013 have given Point No. (4) and have
reported some non-conformities with the Accounting Standards/
Principles generally accepted in India otherwise the Auditors Report is
self explanatory and therefore it does not require any further
explanation/clarification.
ACKNOWLEDGEMENTS
Yours Directors place on record their sincere appreciation for the
assistance and support received to the Company from the Shareholders,
Banks, Consultants, Auditors and clients of the Company. Your directors
express their appreciation for dedicated and sincere services rendered
by the employees of the Company.
For and on behalf of the board
M.P. POLYPROPYLENE LIMITED
PLACE: Raisen
DATE: September 04, 2013 CHAIRMAN
Mar 31, 2011
The Directors present the Annual Report and Audited Accounts for the
period from 01st day of April 2010 to 31st March 2011. Your company was
incorporated as a Limited Company on 25th day of May, 1978.
Your Company has not done any business activity during the previous
year and has incurred a net loss of Rs. 19,46,547/- as against the
previous year loss of Rs.14,33,163/-.
FINANCIAL PERFORMANCE
Particulars As on
31.03.2011 As on
31.03.2010
Gross Receipts 0.00 0.00
Expenditure 19,46,547.00 14,33,163.00
Net Profit/Loss before Tax (19,46,547.00) (14,33,163.00)
Provision for Mat/ Deff Tax/FBT 0.00 0
Profit/(loss) after tax (19,46,547.00) (14,33,163.00)
CAPITAL
The Authorized Capital of your company is Rs. 10 Crores and the Paid up
share capital is Rs.4,35,98,000 as on 31st March 2011.
OPERATIONS
Your directors regrets to inform you that your company has shown a Net
Loss of Rs. 19,46,547/- for the year under review. And hence, your
Directors are unable to recommend any dividend for the year ended 31st
March 2011.
MANAGEMENT
During the year, there is no change in Management of your company.
DIRECTORS
In accordance with the Companies Act, 1956, Mr. Dinesh Chouhan, who is
liable to retire by rotation at the ensuing Annual General Meeting and
being eligible offers himself for re-appointment. A motion for the
re-appointment of Mr. Dinesh Chouhan, as Director of the Company will
be placed before the Members in the ensuing AGM
DIRECTORS' RESPONSIBILITY STATEMENT
In terms of section 217 (2AA) of the Companies Act, 1956, your
directors confirm:
(i) that in preparation of the Annual Accounts, the applicable
accounting standards had been followed;
(ii) that the applicable accounting policies have been consistently
followed and that they had 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 and of the
Profit of the Company for that period.
(iii) that 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; and
(iv) That they had prepared the annual accounts on a going concern
basis.
INFORMATION AS PER SECTION 217 (1) (E) OF THE COMPANIES ACT, 1956
Your Company has no activity relating to conservation of energy or
technology absorption. Your Company did not have any foreign exchange
earnings or outgo during the year.
PERSONNEL
None of the employees of the Company is in receipt of remuneration in
excess of limits prescribed under Section 217 (2A) of the Companies
Act, 1956.
DEPOSITS
Your Company has not accepted any public deposit during the period
under review.
MANAGEMENT DISCUSSION & ANALYSIS & CORPORATE GOVERNANCE REPORT
Management Discussion & Analysis and Corporate Governance report forms
part of the Directors' Report. AUDITORS
M/s. Jain Chatterjee & Associates, Chartered Accountants, Bhopal were
appointed as auditors of the company for the financial year 2010-2011
and their term of office expires at the ensuing Annual General Meeting.
They being eligible offer themselves for re-appointment.
The Auditors have in the auditor's report on the accounts for the
period ended on 31st March 2011 have given comments in sub point No.
(f) to (h) of Point No. (4) and have reported some non-conformities
with the Accounting Standards/ Principles generally accepted in India
otherwise the Auditors Report is self explanatory and therefore it does
not require any further explanation/clarification.
ACKNOWLEDGEMENTS
Yours Directors place on record their sincere appreciation for the
assistance and support received to the Company from the Shareholders,
Banks, Consultants, Auditors and clients of the Company. Your directors
express their appreciation for dedicated and sincere services rendered
by the employees of the Company.
For and on behalf of the board
For M.P. POLYPROPYLENE LIMITED
PLACE: Dist :Raisen
DATE: May 20, 2011 CHAIRMAN
Mar 31, 2010
The Directors present the Annual Report and Audited Accounts for the
period from 01st day of April 2009 to 31st March 2010. Your company was
incorporated as a Limited Company on 25th day of May 1978.
Your Company has not done any business activity during the previous
year and has incurred a net loss of Rs. 14,33,163/- as against the
previous year loss of Rs.9,98,258/-.
FINANCIAL PERFORMANCE
Particulars As on
31.03.2010 As on
31.03.2009
Gross Receipts 0.00 1,010,626
Expenditure 14,33,163.00 2,008,884
Net Profit/Loss before Tax (14,33,163.00) (998,258)
Provision for Mat/ Deff Tax/FBT 0 0
Profit/(loss) after tax (14,33,163.00) (998,258)
CAPITAL
The Authorized Capital of your company is Rs. 10 Crores and the Paid up
share capital is Rs. 4,35,98,000 as on 31st March 2010.
OPERATIONS
Your directors regrets to inform you that your company has shown a Net
Loss of Rs. 14,33,163/- for the year under review. And hence, your
Directors are unable to recommend any dividend for the year ended 31st
March 2010.
MANAGEMENT
During the year, there is no change in Management of your company.
DIRECTORS
In accordance with the Companies Act, 1956, Mr. Noor Mohammad Khan, who
is liable to retire by rotation at the ensuing Annual General Meeting
and being eligible offers himself for re-appointment. A motion for the
re- appointment of Mr. Noor Mohammad Khan, as Director of the Company
will be placed before the Members in the ensuing AGM
DIRECTORS' RESPONSIBILITY STATEMENT
In terms of section 217 (2AA) of the Companies Act, 1956, your
directors confirm:
(i) that in preparation of the Annual Accounts, the applicable
accounting standards had been followed;
(ii) that the applicable accounting policies have been consistently
followed and that they had 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 and of the
Profit of the Company for that period.
(iii) that 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; and
(iv) That they had prepared the annual accounts on a going concern
basis.
INFORMATION AS PER SECTION 217 (1) (E) OF THE COMPANIES ACT, 1956
Your Company has no activity relating to conservation of energy or
technology absorption. Your Company did not have any foreign exchange
earnings or outgo during the year.
PERSONNEL
None of the employees of the Company is in receipt of remuneration in
excess of limits prescribed under Section 217 (2A) of the Companies
Act, 1956.
DEPOSITS
Your Company has not accepted any public deposit during the period
under review.
MANAGEMENT DISCUSSION & ANALYSIS & CORPORATE GOVERNANCE REPORT
Management Discussion & Analysis and Corporate Governance report forms
part of the Directors' Report AUDITORS
M/s. Jain Chatterjee & Associates, Chartered Accountants, Bhopal were
appointed as auditors of the company for the financial year 2009-2010
and their term of office expires at the ensuing Annual General Meeting.
They being eligible offer themselves for re-appointment.
The Auditors have in the auditor's report on the accounts for the
period ended on 31st March 2010 have given comments in sub point No.
(f) to (h) of Point No. (4) and have reported some non-conformities
with the Accounting Standards/ Principles generally accepted in India
otherwise the Auditors Report is self explanatory and therefore it does
not require any further explanation/clarification.
ACKNOWLEDGEMENTS
Yours Directors place on record their sincere appreciation for the
assistance and support received to the Company from the Shareholders,
Banks, Consultants, Auditors and clients of the Company. Your directors
express their appreciation for dedicated and sincere services rendered
by the employees of the Company.
For and on behalf of the board
For M.P. POLYPROPLENE LIMITED
PLACE: DIST: RAISEN
DATE: August 12, 2010 CHAIRMAN
Mar 31, 2009
The Directors present the Annual Report and Audited Accounts for the
period from 01st day of April 2008 to 31st March 2009. Your company was
incorporated as a Limited Company on 25th day of May 1978.
Your Company has been able to achieve a Total revenue of Rs. 1010626/-
and has a net loss of Rs. 998258/- as against the previous year loss of
Rs. 2006025/-.
FINANCIAL PERFORMANCE
Particulars As on 31.03.2009 As on 31.03.2009
Gross Receipts 1,010,626 6,863
Expenditure 9.02.329 8.14.013
Depreciation 11,06,555 11,98,875
Net Profit/Loss before Tax (9,98,258) (20,06,025)
Provision for Mat/
Deferred Tax/FBT 0 0
Profit/(loss) after tax (9,98,258) (20,06,025)
CAPITAL
The Authorized Capital of your company is Rs. 10 Crores and the Paid up
share capital is Rs. 4,35,98,000 as on 31st March 2009.
OPERATIONS
Your directors regrets to inform you that your company has shown a Net
Loss ofRs. 9,98,258/- for the year under review. And hence, your
Directors are unable to recommend any dividend for the year ended 31st
March 2009
DIRECTORS
In accordance with the Companies Act, 1956, Mr. Prem Sagar Gupta , who
is liable to retire by rotation at the ensuing Annual General Meeting
and being eligible offers himself for re-appointment. A motion for the
re-appointment of Mr. Prem Sagar Gupta, as Director of the Company will
be placed before the Members in the ensuing AGM
DIRECTORS' RESPONSIBILITY STATEMENT
In terms of section 217 (2AA) of the Companies Act, 1956, your
directors confirm:
(i) that in preparation of the Annual Accounts, the applicable
accounting standards had been followed;
(ii) that the applicable accounting policies have been consistently
followed and that they had 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 and of the
Profit of the Company for that period.
(iii) that 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; and
(iv) That they had prepared the annual accounts on a going concern
basis.
INFORMATION AS PER SECTION 217 (1) (E) OF THE COMPANIES ACT, 1956
Your Company has no activity relating to conservation of energy or
technology absorption. Your Company did not have any foreign exchange
earnings or outgo during the year.
PERSONNEL
None of the employees of the Company is in receipt of remuneration in
excess of limits prescribed under Section 217 (2A) of the Companies
Act, 1956.
DEPOSITS
Your Company has not accepted any public deposit during the period
under review.
MANAGEMENT DISCUSSION & ANALYSIS & CORPORATE GOVERNANCE REPORT
Management Discussion & Analysis and Corporate Governance report forms
part of the Directors' Report. AUDITORS
M/s. Jain Chatterjee & Associates, Chartered Accountants, Bhopal were
appointed as auditors of the company for the financial year 2008-2009
and their term of office expires at the ensuing Annual General Meeting.
They being eligible offer themselves for re-appointment.
The auditor's report on the accounts for the period ended on 31st March
2009 is self explanatory; therefore it does not require any further
explanation/clarification.
ACKNOWLEDGEMENT S
Yours Directors place on record their sincere appreciation for the
assistance and support received to the Company from the Shareholders,
Banks, Consultants, Auditors and clients of the Company. Your directors
express their appreciation for dedicated and sincere services rendered
by the employees of the Company.
For and on behalf of the board
For M.P. POLYPROPYLENE LIMITED
PLACE: DIST RAISEN
DATE: July 12, 2009 CHAIRMAN