Mar 31, 2014
Dear Members
The Directors have pleasure in submitting their 32nd Annual Report
together with the Audited Statements of Accounts for the year ended
31st March. 2014.
FINANCIAL RESULTS:
For the current For the previous
year ended year ended
31.03.2014 31.03.2013
(Amount in Rs.) (Amount in Rs.)
Gross Revenue 2,30,72,934 1,26,72,300
Profit for the period before
Depreciation and Taxation 2,55,714 2,36,583
Less: Depreciation 34,911 36,850
Profit before tax 2,20,803 1,99,733
Provision for Taxation
Current Tax 40,000 32,600
Deferred Tax (132) (162) 32,438
(Excess)/Short tax provision
for earlier years (553) 39,315 -
Profit after Tax 1,81,488 1,67,295
Add/(Less): Brought forward
profit of earlier year 1,38,46,506 1,36,79,211
Balance carried forward to
Balance Sheet 1,40,27,994 1,38,46,506
REVIEW OF OPERATIONS:
During the year under Report, the turnover of the Company amounted to
Rs. 2,30,72,934/- as compared to the previous year turnover of Rs.
1,26,72,300/-. Other income amounted to Rs. 96,789/- as against Rs.
95,673/- in the previous year.
Net Profit for the year is Rs. 1.81 lacs as compared to Rs. 1.67 lacs
in the previous year.
DIVIDEND:
With a view to strengthen the financial position of the Company and to
retain funds required for the operations of the Company the Directors
have not recommended any dividend out of the current year''s profit
FIXED DEPOSITS:
The Company does not have any deposits remaining unclaimed and/or
claimed but not paid for which information is required to be given in
this Report.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
EARNINGS AND OUTGO:
Information pursuant to section 217(l)(e) of the Companies Act, 1956
read with the Companies Act, 1956 (Disclosure of Particulars in the
Report of Board of Directors) Rules, 1988, relating to Conservation of
Energy and Technology Absorption is not applicable to your Company,
hence no information is disclosed in this regard.
The Company has however earned Foreign Exchange of Rs. 2,25,82,345/-
(Previous Year Rs. 1,24,19,778/-) and did not incurred any Foreign
Exchange outgo during the current year as given in Note 20 of notes
forming part of accounts.
PARTICULARS OF EMPLOYEES:
The Company has not paid any Salary above the prescribed limit to any
of its employees, for which the statement is required to be appended to
this Report.
DIRECTORATE:
The Board of Directors, at its meeting held on 01st November, 2013, has
appointed Mr. Sunil Hemchand Patel as a Director of the Company in the
casual vacancy caused by the resignation of Mr. M.J. Parekh. Mr. Sunil
Hemchand Patel, holds office up to the date of this meeting and is
eligible for appointment (and in respect of whom Notice in writing
under section 160 of the Companies Act, 2013 has been received from a
member by the Company) as a Director of the Company and is liable to
retire by rotation.
The Board of Directors, at its meeting held on 01st November, 2013, has
appointed Mr. Prasad Bhalchandra Kanekar as a Director of the Company
in the casual vacancy caused by the resignation of Mr, K.C. Mehta. Mr.
Prasad Bhalchandra Kanekar, holds office upto the date of this meeting
and is eligible for appointment (and in respect of whom Notice in
writing under sectionl60 of the Companies Act, 2013 has been received
from a member by the Company) as a Director of the Company and is
liable to retire by rotation.
The Board of Directors, at its meeting held on 01st November, 2013, has
appointed Mr. Anwar Chauhan as a Director of the Company, in the casual
vacancy caused by the resignation of Mr. K.C. Mehta. Mr. Anwar
Chauhan, holds office upto the date of this meeting and is eligible for
appointment (and in respect of whom Notice in writing under section 160
of the Companies Act, 2013 has been received from a member by the
Company) as a Director of the Company and is liable to retire by
rotation.
Mr, K.C. Mehta and Mr. M.J. Parekh have tendered their resignations
vide dated 11th November, 2013 from Directorship and Mr. T.K.
Gowrishankar has tendered his resignation vide letter dated 31st March,
2014 from Directorship. The Board would like to place on record their
appreciations for the valuable contributions made by Mr. K.C. Mehta,
Mr. M.J. Parekh and Mr. T.K. Gowrishankar during their tenure as
Directors of the Board.
Pursuant to section 255 of the Companies Act, 1956, Mr. Anwar Chauhan
is liable to retires by rotation and being eligible offer himself for
re-appointment.
DIRECTORS'' RESPONSIBILITY STATEMENT:
The Directors confirm:-
a. that in the preparation of the annual accounts, the applicable
accounting standards have been followed and that no material departures
have been made from the same;
b. that they 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 at the end of the financial year and of the Profit of the
Company for that period;
c. that they 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;
d. that they have prepared the annual accounts on a going concern
basis.
COMPLIANCE CERTIFICATE:
In accordance with section 383A of the Companies Act, 1956, and
Companies (Compliance Certificate) Rules, 2001, the Company has
obtained a certificate from a Company Secretary in whole time practice
confirming that the Company has complied with all the provisions of the
Companies Act, 1956 and a copy of such certificate is annexed to this
Report.
AUDITORS'' REPORT REMARK:
Report of Auditors'' is self explanatory and does not require further
elucidation.
AUDITORS:
M/s. Rdjendra & Company, Chartered Accountants, Mumbai, the Auditors of
the Company hold office, upto the date of the conclusion of ensuing
Annual General Meeting and are eligible for re-appointment. The Company
has received the confirmation from the retiring Auditors that their
appointment, if made at the Annual General Meeting would be within the
limit stipulated under section 141(3)(9) of the Companies Act, 2013.
ACKNOWLEDGEMENTS:
The Directors take this opportunity to thank the Bankers for their
continued help and co-operation. The Directors would also like to
place on record the appreciation of the services rendered by the
employees at all levels.
BY ORDER OF THE BOARD OF DIRECTORS
For ALNA TRADING AND EXPORTS LIMITED
S.H. PATEL
PLACE : MUMBAI (CHAIRMAN)
DATED : 30th MAY, 2014 DIN: 02614134
REGISTERED OFFICE:
Allana House, Allana Road,
Colaba. Mumbai - 400 001.
Mar 31, 2013
To, The Members of M/s. ALNA TRADING AND EXPORTS LIMITED
Mumbai.
The Directors have pleasure in submitting their 31st Annnal Report
together with the Audited Statements of Accounts for the year ended
31st March, 2013.
FINANCIAL RESULTS: For the current For the previous
year ended year ended
31.03.2013 31.03.2012
(Amount in Rs.) (Amount in Rs.)
Gross Revenue 12,672,300 9,275,068
Profit for the period before
Depreciation and 2,36,583 3,15,349
Taxation
Less: Depreciation 36,850 38,905
Profit before tax 1,99,733 2,76,444
Provision for Taxation
Current Tax 32,600 57,000
Deferred Tax (162) 32,438 (198) 56,802
(Excess) / Short tax
provision for earlier
years - 14.749
Profit after Tax 1.67,295 2,04,893
Add/(Less) : Brought
forward profit of
earlier year 1,36,79,211 1,34,74,318
Balance carried
forward to Balance Sheet 1,38,46,506 1,36,79,211
REVIEW OF OPERATIONS:
During the year under Report, the turnover of the company amounted to
Rs.1,26,72,300/- as compared to the previous year turnover of
Rs.92,75,068/-. Other income amounted to Rs.95,6 /3/-as against
Rs.3,82,772/- in the previous year.
Net Profit for the year is Rs.1.67 lacs as compared to Rs.2.05 lacs in the
previous year.
DIVIDEND:
With a view to strengthen the financial position of the Company and to
retain funds required for the operations of the Company the Directors
have not recommended any dividend out of the current year''s profit
FIXED DEPOSITS:
The Company does not have any deposits remaining unclaimed and/or
claimed but not paid for which information is required to be given in
this Report.
CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
EARNINGS AND OUTGO;
Information pursuant to section 2I7(l)(e) of the Companies Act, 1956
read with the Companies Act, 1956 (Disclosure of Particulars in the
Report of Board of Directors) Rules, 1988, relating to Conservation of
Energy and Technology Absorption is not applicable to your Company,
hence no information is disclosed in this regard.
The Company has however earned Foreign Exchange of Rs.1,24,19,778/-
(Previous Year Rs. 88,80,221/-) and did not incurred any Foreign
Exchange outgo during the current year as given in Note 20 of notes
forming part of accounts.
PARTICULARS OF EMPLOYEES:
The Company has not paid any Salary above the prescribed limit to any
of its employees, for which the statement is required to be appended to
this Report.
DIRECTORATE: .
Pursuant to section 255 of the Companies Act, 1956, Mr. T.K.
Gowrishankar is liable to retires by rotation and being eligible offer
himself for re-appointment*
DIRECTORS'' RESPONSIBILITY STATEMENT:
The Directors confirm
a. that in the preparation of the annual accounts, the applicable
accounting standards have been followed and that no material departures
have been made from the same;.
b. that they 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 at the end of the financial year and of the Profit of the
Company for that period;
c. that they 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;
d. that they have prepared the annual accounts on a going concern
basis.
COMPLIANCE CERTIFICATE:
In accordance with section 383A of the Companies Act, 1956, and
Companies (Compliance Certificate) Rules, 2001, the Company has
obtained a certificate from a Company Secretary in whole time practice
confirming that the Company has complied with all the provisions of the
Companies Act, 1956 and a copy of such certificate is annexed to this
Report.
AUDITORS'' REPORT REMARK:
Report of Auditors'' is self explanatory and does not require further
elucidation.
AUDITORS: ,
M/s. Rajendra & Company, Chartered Accountants, Mumbai, the Auditors of
the Company hold office, up to the date of the conclusion of ensuing
Annual General Meeting and are eligible for re- appointment. The
Company has received the confirmation from the retiring Auditors that
their appointment, if made at the Annual General Meeting would be
within the limit stipulated under section 224(1B) of the Companies Act,
1956.
ACKNOWLEDGEMENTS: .
The Directors take this opportunity to thank the Bankers for their
continued help and co-operation. The Directors would also like to
place on record the appreciation of the services rendered by the
employees at all levels.
FOR AND ON BEHALF OF THE BOARD
For ALNA TRADING AND EXPORTS LIMITED
PLACE: MUMBAI
DATED: 28th MAY, 2013 (CHAIRMAN)
REGISTERED OFFICE :
Allana House, .
Allana Road,
Colaba,
Mumbai-400 001.
Mar 31, 2012
To, The Members of M/s. ALNA TRADING AND EXPORTS LIMITED
Mumbai.
The Directors have pleasure in submitting their 30th Annual Report
together with the Audited Statements of Accounts for the year ended
31st March, 2017.
FINANCIAL RESULTS For the current For the previous
year ended year ended
31.03.2012 31.03.2011
(Rs.) (Rs.)
Gross Revenue 92,37,849 1,32,07,464
Profit for the period
before Depreciation and 3,15,349 2,07,014
Taxation
Less: Depreciation 38.905 41.093
Profit before tax 2,76,444 1,65,921
Provision for Taxation
Current Tax 57,000 4,000
Deferred Tax (198) 56,802 2.080 6,080
(Excess) / Short tax
provision for earlier
years 14.749 1.985
Profit after Tax 2,04,893 1,57,856
Add/(Less): Brought
forward profit of
earlier year 1.34.74.318 1.33.16.462
Balance earned forward
to Balance Sheet 1,36,79,211 1,34,74,318
REVIEW OF OPERATIONS:
During the year under Report, the turnover of the company amounted to
Rs.92,37,849/- as compared to the previous year turnover of
Rs.1,32,07,464/-. Other income amounted to Rs.3,82,772/-as against Rs.
63,782/- in the previous year.
Gross Profit before Depreciation and Taxation is Rs.2.76 lacs as
compared to Rs. 1.66 lacs in the previous year.
Contd 21-
DIVIDEND:
With a view to strengthen the financial position of the Company and to
retain funds required for the operations of the Company the Directors
have not recommended any dividend out of the current year''s profit .
FIXED DEPOSITS;
The Company does not have any deposits remaining unclaimed and/or
claimed but not paid for which information is required to be given in
this Report.
CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION. FOREIGN EXCHANGE
EARNINGS AND OUTGO:
Information pursuant to Section 217(l)(e) of the Companies Act, 1956
read with the Companies Act, 1956 (Disclosure of Particulars in the
Report of Board of Directors) Rules, 1988, relating to Conservation of
Energy and Technology Absorption is not applicable to your Company,
hence no information is disclosed in this regard.
The Company has however earned Foreign Exchange of Rs.88,80,221/-
(Previous Year Rs. 1,25,33,825/-) and did not incurred any Foreign
Exchange outgo during the current year as given in Note 22 of notes
forming port of accounts.
PARTICULARS OF EMPLOYEES:
The Company has not paid any Salary above the prescribed limit to any
of its employees, for which the statement is required to be appended to
this Report.
DIRECTORATE;
Pursuant to Section 255 of the Companies Act, 1956, Mr. MJ. Parekh is
liable to retires by rotation and being eligible offer himself for
re-appointment,
DIRECTORS'' RESPONSIBILITY STATEMENT:
The Directors confirm
a) that in the preparation of the annual accounts, the applicable
accounting standards have been followed and that no material departures
have been made from the same;.
b) that they 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 at the end of the financial year and of the Profit of the
Company for that period;
c) that they 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;
d) that they have prepared the annual accounts on a going concern
basis.
COMPLIANCE CERTIFICATE:
In accordance with Section 383A of the Companies Act, 1956, and
Companies (Compliance Certificate) Rules, 2001, the Company has
obtained a certificate from a Company Secretary in whole time practice
confirming that the Company has complied with all the provisions of the
Companies Act, 1956 and a copy of such certificate is annexed to this
Report.
AUDITORS'' REPORT REMARK;
Report of Auditors'' is self explanatory and does not require further
elucidation.
AUDITORS;
M/s. Rajendra & Company, Chartered Accountants, Mumbai, the Auditors of
the Company hold office, up to die date of the conclusion of ensuing
Annual General Meeting and are eligible for re- appointment. Hie
Company has received the confirmation from the retiring Auditors that
their appointment, if made at the Annual General Meeting would be
within the limit stipulated under Section 224(1B) of the Companies Act,
1956.
ACKNOWLEDGEMENTS:
The Directors take this opportunity to thank the Bankers for their
continued help and co-operation. The Directors would also like to
place on record the appreciation of the services rendered by the
employees at all levels.
FOR AND ON BEHALF OF THE BOARD
For ALNA TRADING AND EXPORTS LIMITED
PLACE: MUMBAI
DATED: 30th MAY, 2012 (CHAIRMAN)
REGISTERED OFFICE:
Allana House,
Allana Road, .
Colaba,
Mumbai-400 001.
Mar 31, 2010
The Directors have pleasure in submitting their 28th Annual Report
together with the Audited Statements of Accounts for the year ended
31st March. 2010.
FINANCIAL RESULTS: For the current For the previous
year ended year ended
31.03.2010 31.03.2009
(Rs.) (Rs.)
Gross Revenue 1,22,98,960 1,52,29,393
Profit for the period before
Depreciation and 1,12,129 6,52,729
Taxation
Less: Depreciation 43.417 45,890
Profit before tax 68,712 6,06,839
Provision for Taxation
Current Tax 3,100 1,85,000
Deferred Tax 288 15,335
Fringe Benefit Tax - 3.388 700 2,01.035
65,324 4,05,804
(Excess) / Short tax provision
for earlier years 2.161 (46.4771
Profit after Tax 63,163 4,52,281
Add/(Less) : Brought forward
profit of earlier year 1.32.53.297 1.28.01.015
Balance carried forward to
Balance Sheet 1,33,16,461 1,32,53,297
REVIEW OF OPERATIONS:
During the year under Report, the turnover of the Company amounted.to
Rs. 1,15,17,458/- as compared to the previous year turnover of Rs.
1,45,95,729/-. Other income amounted to Rs.7,81,502/- as against
Rs.6,33,664/- in the previous year.
Gross Profit before Depreciation and Taxation is Rs.1.12 lacs as
compared to Rs.6.52 lacs in the previous year.
Net Profit for the year is Rs.0.63 lacs as compared to Rs.4.52 lacs in
the previous year.
DIVIDEND:
With a view to strengthen the financial position of the Company and to
retain funds required for the operations of the Company the Directors
have not recommended any dividend out of the current years profit.
FIXED DEPOSITS:
The Company does not have any deposits remaining unclaimed and/or
claimed but not paid for which information is required to be given in
this Report.
CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
EARNINGS AND OUTGO:
Information pursuant to Section 217(l)(e) of the Companies Act, 1956
read with the Companies Act, 1956 (Disclosure of Particulars in the
Report of Board of Directors) Rules, 1988, relating to Conservation of
Energy and Technology Absorption is not applicable to your Company,
hence no information is disclosed in this regard.
The Company has however earned Foreign Exchange of Rs.l, 13,73,572/-
(Previous Year Rs.1,35,94,025/-) and did not incurred any Foreign
Exchange outgo during the current year as given in Note 12 of Schedule
J on Notes forming part of accounts.
PARTICULARS OF EMPLOYEES:
The Company has not paid any Salary above the prescribed limit to any
of its employees, for which the statement is required to be appended to
this Report.
DIRECTORATE:
Pursuant to Section 255 of the Companies Act, 1956, Mr. K.C. Mehta is
liable to retires by rotation and being eligible offer himself for
re-appointment.
DIRECTORS RESPONSIBILITY STATEMENT:
The Directors confirm :-
a) that in the preparation of the annual accounts, the applicable
accounting standards have been followed and that no material departures
have been made from the same;.
b) that they 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 at the end of the financial year and of the Profit of the
Company for that period;
c) that they 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;
d) that they have prepared the annual accounts on a going concern
basis.
COMPLIANCE CERTIFICATE:
In accordance with Section 383A of the Companies Act, 1956, and
Companies (Compliance Certificate) Rules, 2001, the Company has
obtained a certificate from a Company Secretary in whole time practice
confirming that the Company has complied with all the provisions of the
Companies Act, 1956 and a copy of such certificate is annexed to this
Report.
AUDITORS REPORT REMARK:
Report of Auditors is self explanatory and does not require further
elucidation.
AUDITORS:
M/s. Rajendra & Company, Chartered Accountants, Mumbai, the Auditors of
the Company hold office, upto the date of the conclusion of ensuing
Annual General Meeting and are eligible for re- appointment. The
Company has received the confirmation from the retiring Auditors that
their appointment, if made at the Annual General Meeting would be
within the limit stipulated under Section 224(1B) of the Companies Act,
1956.
ACKNOWLEDGEMENTS:
The Directors take this opportunity to thank the Bankers for their
continued help and co-operation. The Directors would also like to
place on record the appreciation of the services rendered by the
employees at all levels.
FOR AND ON BEHALF OF THE BOARD
For ALNA TRADING AND EXPORTS LIMITED
PLACE : MUMBAI
DATED: 29th MAY, 2010 (CHAIRMAN)
REGISTERED OFFICE :
Allana House,
Allana Road,
Colaba,
Mumbai-400 001.