Mar 31, 2014
Dear members,
The Directors have pleasure in presenting the 25th Annual Report of
the Company together with Audited Accounts for the year ended
31-03-2014.
FINANCIAL RESULTS
PARTICULARS (Rs. in Lakhs)
YEAR ENDED 31-03-2014 YEAR ENDED 31-03-2013
Total Income 100.00 52.64
Profit and Loss Before 0.90 (10.16)
Interest and Depreciation
Depreciation - -
Profit/(Loss) for the year 0.90 (10.16)
Profit (Loss) before Tax 0.90 (10.16)
Balance brought forward (447.29) (437.13)
Balance carried forward (447.63) (447.29)
MANAGEMENT DISCUSSION AND ANALYSIS REPORT
As required by Clause 49 of the Listing Agreement with Stock Exchange,
a detailed Management Discussion and Analysis Report is presented in a
separate section forming part of the annual report.
DIRECTORS
As per provisions of the Companies Act, 2013, Mr. Parth Dineshbhai
Kanabar and Mr, Rajeshwar Bhagat, Independent Directors, are proposed
to be reappointed at the ensuing AGM for a term of five years.
Mr. Shahank Vijay Panwar, Non-Executive Director, retires by rotation
at the ensuing AGM and being eligible offers himself for
re-appointment.
None of the Directors are disqualified under section 164 (2) of the
Companies Act, 2013.
DIVIDEND
Due to accumulated losses of the previous years, your Directors are
unable to recommend any dividend for the year under review.
AUDITORS
M/s. Arpan Chudgar & Associates, CHARTERED ACCOUNTANTS, Ahmadabad,
retire at the ensuing Annual General Meeting of the company and are
eligible for reappointment.
AUDIT REPORT & ACCOUNTS
The comments on statement of accounts referred to in the report of the
auditors are self-explanatory.
PARTICULARS OF EMPLOYEES
Particulars of employees required to be furnished under section 217
(2A) of the Companies Act, 1956 read with the Companies (Particulars of
Employees) Rules, 1975, as amended in 2011 to this report are- NIL.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION
In view of the nature of activities which are being carried on by the
Company, the particulars as prescribed under Section 217(1 )(e) of the
Companies Act, 1956 read with Companies'' (Disclosure of Particulars in
the Report of the Board of Directors) Rules, 1988 regarding
Conservation of Energy And Technology Absorption are not applicable to
the Company,
FOREIGN EXCHANGE EARNINGS & OUTGO
The Company mainly deals in domestic market and has NIL sales on
account of exports, thereby resulting NIL foreign exchange earnings and
outgo during the accounting Year 2013-14.
DIRECTOR''S RESPONSIBILITY STATEMENT
Pursuance to section 217(2AA) we state -
I) That in the preparation of the annual accounts the applicable
accounting standards had been followed and there is no material
departure;
ii) that your 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 true and fair view of the state
of affairs of the company at the end of the accounting year and of the
profit or loss of the company for that year;
iii) that your directors had taken proper and sufficient care for the
maintenance of adequate 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 and
iv) that your directors had prepared the annual accounts on a going
concern basis.
TAKEOVER
The Company has been taken over by Kamlesh D. Korodiya & Hiren Kumar
Rashiklal Doshi, vide Share purchase agreement(SPA) dated June 14,
2013, in compliance with SEBI(Substantial Acquisition of Shares and
Takeovers) Regulations, 2011. The Promoter Shareholding of 8,83300
Equity Shares of the Company was transferred to acquirers Kamlesh D.
Korodiya, commerce graduate having 15 years of experience in the field
of consultancy of accounts, taxation & software technologies and Hiren
Kumar Rashiklal Doshi, undergraduate engaged in the business of trading
in Fabrics, Textiles & Capital goods and having experience of 5 years,
on June 14, 2013 at Rs. 1/- per equity share in terms of the share
purchase agreement amongst themselves in terms of the provisions of
Securities & Exchange Board of India (Substantial Acquisition of Shares
and Takeovers) Regulations, 2011. The same was communicated to the
Stock Exchanges at the relevant times.
Further new Board has been introduced as Kamlesh D. Koradiya , Shashank
Vijay Panwar, Prajesh R. Rupareliya, Prajesh R. Rupareliya and Sunil
Ganesh Bhave in Place of the existing Board of Directors.
COMPLIANCE CERTIFICATE
Pursuant to requirements of Section 383A(1) of the Companies Act, 1956,
with respect to Compliance Certificate, the Company has obtained
Compliance Certificate from Practicing Company Secretary, for the
Accounting Year ended 31.03.2014.
CORPORATE GOVERNANCE REPORT
Your Company always places major thrust on managing its affairs with
diligence, transparency, responsibility and accountability thereby
upholding the important dictum that an organization''s corporate
governance philosophy is directly linked to high performance.
The Company understands and respects its fiduciary role and
responsibility towards its stakeholders and Society at large, and
strives to serve their interests, resulting in creation of value and
wealth for all stakeholders.
The Compliance report on corporate governance and a certificate from
M/s Arpan Chudgar & Associates, Chartered Accountants, Statutory
Auditors of the Company, regarding compliance of the conditions of
corporate governance, as stipulated under clause 49 of the listing
agreement with the stock exchanges, is attached herewith to this
report.
ACKNOWLEDGEMENT
Your directors wish to convey their thanks to their Employees,
Shareholders, Bankers and auditors for continuance of their support.
By Order Of the Board of Directors
For EMED .COM TECHNOLOGIES LIMITED
Sd/-
Place : Hyderabad Parth Dineshbhai Kanabar
Date : 19-08-2014 DIRECTOR
Mar 31, 2012
To The Members of M/s. EMED .COM TECHNOLOGIES LIMITED,
The Directors have pleasure in presenting the 23rd Annual Report of
the Company together with Audited Accounts for the year ended
31-03-2012.
FINANCIAL RESULTS (Rs. in Lakhs)
PARTICULARS YEAR ENDED YEAR ENDED
31-03-2012 31-03-2011
Total Income 0.84 1.13
Profit and Loss Before
Interest and Depreciation 0.019 1.66
Depreciation - -
Profit/(Loss) for the year 0.006 1.62
Profit (Loss) before Tax 0.006 1.62
Balance brought forward (437.13) (438.75)
Balance carried forward (437.13) (437.13)
DIVIDENDS
Your Company has earned a very small amount of profit during the year,
company is having carried forward losses for the previous years.
Therefore, no divided is proposed for the year under review.
FUTURE OUTLOOK
Your directors have tried to give momentum to current line of business
during the year and are very hopeful.
PUBLIC DEPOSITS
Your Company has not accepted any deposits within the meaning of
Section 58A & 58AA of the Companies Act, 1956 read with the Companies
(Acceptance of the Deposits) Rules, 1975 as amended from time to time.
PARTICULARS OF EMPLOYEES
In pursuance of the provisions of section 217(2A) of the Companies Act,
1956 read with the Companies (Particulars of Employees) Amendment Rules
2011, the Directors are to report that no employee was in receipt of
remuneration of Rs.60,00,000/- or more per annum or Rs.5,00,000/- or
more per month where employed for a part of the year.
DIRECTORS
In accordance with the provisions of Companies Act, 1956 and the
Articles of Association of the Company:-
1. Sri P Ratnakar Reddy retires by rotation at the ensuing Annual
General Meeting and being eligible offer himself for re-appointment.
2. Sri Sunny Dudhani was appointed as Additional Director on 07th
March, 2012. As per the provisions of Section 260 of the Companies Act,
1956,
Your Directors recommend their reappointment as a Director of the
Company. There was no other change in the Composition of the Board of
Directors during the year.
COMPLIANCE CERTIFICATE
Pursuant to requirements of Section 383A(1) of the Companies Act, 1956,
with respect to Compliance Certificate, the Company has obtained
Compliance Certificate from Practicing Company Secretary for the
Accounting Year ended 31.03.2012!.
REVOCATION OF SUSPENSION OF SHARES TRADING
As you are aware that the trading of shares of the company was under
suspension. With its continuous sincere
efforts, the Company has been able to get the revocation of suspension
of trading of its shares with BSE. In future, the Company is committed
to serve the stakeholders to increase the investment value.
REPORT ON CORPORATE GOVERNANCE
The Company is committed to maintain the highest standard of Corporate
Governance and adhere to the Corporate Governance requirements set out
by SEBI.
The report on Corporate Governance as stipulated under Clause 49 of the
Listing Agreement forms part of Annual report.
A separate section on corporate Governance and a Certificate from the P
Murali Mohana Rao, Partner M/S P Murli & Co., Chartered Accountants
regarding compliance of condition of Corporate Governance as stipulated
under clause 49 of the Listing Agreement with the Stock Exchanges, form
part of the Annual Report.
STATEMENT PURSUANT TO LISTING AGREEMENT
Presently the company's Equity shares are listed at:
1. Bombay Stock Exchange Limited (BSE), Mumbai and the company has
paid the Annual Listing Fees to the above Stock Exchange for the year
2012-13.
2. Hyderabad Stock Exchange, Listing Fee for 2012-13 is pending to be
paid.
DIRECTORSÃ RESPONSIBILITY STATEMENT
In accordance with the provisions of Section 217(2AA) of the Companies
Act, 1956, your Directors state:
1) That in the preparation of the Annual Accounts, the applicable
accounting standards have been followed.
2) That your 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 at the end of the financial year and of the
Profit & Loss of the company for that period;
3) That your Directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of the Act, for safeguarding the assets of the Company and
for preventing and detecting fraud and other irregularities;
4) That your Directors have prepared the annual accounts on a going
concern concept.
AUDITORSÃ REPORT
The notes to the accounts referred to in the AuditorÃs report and the
observations made in the report are Self explanatory and therefore do
not call for any further observation.
AUDITORS
M/s P MURALI & Co., Chartered Accountants, retiring auditors of the
Company being eligible offer themselves for reappointment as auditors
of the Company. M/s P MURALI & Co., Chartered Accountants have
furnished a certificate of their eligibility u/s 224 (1B) of the
Companies Act, 1956. The members are requested to reappoint the
auditors and authorize the Board of Directors of the Company to fix
their remuneration.
PERSONNEL
The relations between the management and the staff were very cordial
throughout the year under review. Your Directors take this opportunity
to record their appreciation for the co-operation and loyal services
rendered by the employees.
INFORMATION REQUIRED UNDER SECTION 217(1)(e) OF THE COMPANIES ACT 1956
READ WITH THE COMPANIES (DISCLOSURE OF PARTICULARS IN THE REPORT OF
BOARD OF DIRECTORS) RULES, 1988.
(a) Conservation of Energy: The Company is monitoring the consumption
of energy and is identifying measures for conservation of energy.
(b) (i) Research and Development (R & D): No research and Development
has been carried out.
(ii) Technology Absorption, adaptation and innovation: No technology
either indigenous or Foreign is involved.
(c) Foreign exchange earnings and outgo: Nil ACKNOWLEDGEMENTS
The Directors express their appreciation of the active help and
assistance rendered by Banks, Financial Institutions, the Medical
Professionals, the Officers and the other Employees of the Company.
By Order of the Board of Directors
For Emed.com Technologies Limited
Sd/- Sd/-
Place: Hyderabad M. SRIKANTH REDDY P. RATNAKAR REDDY
Date : 03.09.2012 DIRECTOR DIRECTOR
Mar 31, 2010
To The Members of M/s. EMED COM TECHNOLOGIES LIMITED.
The director have pleasure in presenting the 21th Annual Report of the
Company together With Audited Accounts for year ended 31.03.2010.
FINANCIAL RESULTS (Rs. in lakhs)
YEAR ENDED YEAR ENDED
31-03-2010 31-03-2009
Collections Nil Nil
Profit Income 2.11 0.94
Profit (Loss) before Tax 0.03 0.02
Balance brought forward (438.78) (438.79)
Balance earned forward (438.75) (436.79)
FIXED DEPOSITS
The Company has not accepted fixed deposits as on 31st MARCH 2010 so
to attract the provision of the Companies Act, 1956 read With the
(Acceptance of the Deposits) Rules, 1975 as amended from time to time.
INFORMATION REQUIRED UNDER SECTION 217 (1)(e) OF THE COMPANIES 1956
READ WITH THE COMPANIES (DISCLOSURE OF PARTICULARS INTHE REPORT OF
BOARD OF DIRECTOR) RULES, 1988.
(a)Conservation of Energy : The Company is monitoring the Conservation
of energy and is identifying measures for conservation of energy.
(b) Research and Development (R & D): No research and Development
has been carried out.
(ii)Technology Absorption, adaption and innovation-No technology either
indigenous or Foreign is involved.
(c) Foreign exchange earnings and outgo: Nit.
PARTICULARS OF EMPLOYEES
In pursuance of the provision of section 217 (2A) of the companies
Act, 1956 read with the Companies (particulars of Employees) Rules
1975, the Directors are to report that no employee was in receptor of
remuneration of Rs.24.00.000/- or more per annum or Rs.2.00.000/- or
more per month where employed for a part of the year.
DIRECTOR
Sri M. Sri kith Reddy, by rotation at the ensuing Annual General Meeting
and being eligible offer himself for re-appointment.
REPORT ON CORPRATE GOVERNANCE
corporate governance Report is set out as separate Annexure to this
Report.
MANAGEMENT DISCUSSIONS AND ANALYSIS REPORT:
Pursuant to Clause 49 of the Listing Agreement, a Management Analysis
Roped is given below:
A. INDUSTRY BACKGROUND
The hospital software and Telemedicine software is being developed in
our country to meet specific requirements of local hospitals.
B. INDUSTRY OUTLOOK
Non-availability of specialists in town and village has given room for
net worrying of the rural hospitals to specialty hospitals in cities.
Growth of hospitals and diagnostic centers all over the country has
also responsible for the development of software in Hospitals
operation, quality Validation, Emergency Care, etc.
C.INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:
The Company has adequate internal control system that defines roles and
responsibilities of people across various levels of the organization.
these systems facilitate effective checks and controls as well as tight
monitoring on a continuous basis.
D. MATERIAL DEVELOPMENTSN IN HUMAN RESOURCES/INDUSTRIAL RELATIONS:
The Company is able to retain the experienced staff, Company feels
confident of keeping its manpower costs to below industry norms, with
emphasis on becoming customer-centric, the staff are regularly exposed
to training & Orientation programmers not a only in their respective
fields but also in public relations.
STATEMNT PURSUANT TO LISTING AGREEMENT
presently the Company's Equity shares are listed at
1. Bombay Stock Exchange Limited (BSE), Mumbai and the company has not
paid the Annual Listing Fees to the above Stock Exchanges for the year
2010-10
DIRECTORS RESPONSIBILITY STATEMENT
As required under section 217(2AA) of the companies Act, 1956 which was
introduced by the companies (Amendment) Act, 2000, Your Directors
confirm that:
i) that in the preparation of the Annual Accounts, for the year ended
31st March, 2010, the applicable accounting standards have been
followed and there are no material departures;
ii) we have selected appropriated accounting policies and applied them
consistently and made judgments and estimates that are reasonable and
prudent so as to given a true an fair view of the state of affairs of
the company as on 31st March, 2010 and of the Loss of the company for
the financial year ended 31st March, 2010.
iii) we 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) we have prepared the annual accounts for the financial year ended
31 2010 on a going concern basis.
AUDITORS:
M/s. P. MURALI & Co., Chartered Accountants, retiring auditors of the
Company being eligible offer themselves for reappointment as auditors
of the Company. M/s P.MURAL.I & Co., Chartered Accountants have
furnished a certificate of their 224 (1B) of the Companies Act, 1958
Ten members arc requested to reappoint the auditors and authorize the
Board of Deodars of the Connery to fix their remuneration
PERSONNEL
The relations between the management and the staff were very cordial
throughout the year under review. Your Directors take this opportunity
to record their appreciation for the co-operation and loyal services
rendered by the employees.
SHIFTING OF REGISTERED OFFICE OF THE COMPANY:
In the month of August Company has shifted its Registered office from
Room No: 116, 2nd Floor, 1-2-379, Domalguda, Hyderabad- 500029. To #
1001, 3-6-286/1&2, Hyderguda, Hyderabad-500029.
ACKNOWLEDGEMENTS
The Directors express their appreciation of the active help and
assistance rendered by Banks, Financial Institutions, the Medical:
Professionals, the Officers and the other Employees of the Company
BY ORDER OF THE BOARD OF DIRECTORS
for emed.com technologies LIMITED
M VENUMADHAV P RATNAKAR REDDY
DIRECTOR DIRECTOR
PLACE : HYDERABAD
DATE : 02-09-2010
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