Mar 31, 2014
Dear Members,
The Directors present their Twenty Ninth Annual Report and Audited
Statement of Accounts for the year ended 31st March 2014.
FINANCIAL RESULTS:
The accounts for the year under review reflect a profit of Rs.
11,39,048/-. The Directors propose to appropriate the same as under:
Profit/(Loss) Before Tax Rs. 11,39,048
Less: - Appropriations
Provision for Taxation
Current Tax Rs. 3,52,000
Deferred Tax Rs. 50 Rs. 3,52,050
Profit / (Loss) After Tax Rs. 7,86,998
ADD:- Balance Brought Forward Rs. 1,12,17,260 Rs. 1,12,17,260
Rs. 1,20,04,258
Less : Transfer to Reserve Fund Rs. (1,58,000)
Contingent Provision Rs. 7,100 Rs. 1,61,100
BALANCE CARRIED FORWARD Rs. 1,18,53,358
DIVIDEND:
The Directors regret their inability to recommend any dividend for the
year under review.
WORKING & PERFORMANCE:
The performance of the Company was satisfactory during the year under
review. The Board of Directors are trying their best to further improve
the performance of the Company and are hopeful of better working
results in the coming year.
PARTICULARS OF EMPLOYEES:
There is no employee in respect of whom particulars pursuant to Section
217 (2A) of the Companies Act, 1956 read with the Companies
(Particulars of Employees) Rules, 1975; are required to be given.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, RESEARCH AND
DEVELOPMENT:
Your Directors are of the opinion that with respect to conservation of
energy and technology absorption as per Section 217 (1)(e) read with
Companies (Disclosure Particulars in the Report of Board of Directors)
Rules, 1988 are not relevant in view of the nature of business
activities of the Company and hence, are not required to be given.
FOREIGN EXCHANGE EARNINGS AND OUTGO:
During the year under review, there is no foreign exchange earning,
outgo and expenditure.
DIRECTORS RESPONSIBILITY STATEMENT:
The Directors report that:
i) In the preparation of the annual accounts, the applicable accounting
standards have been followed.
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 at the end of the financial year and of the profit and
loss account of the company for that period.
iii) The Directors have 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.
iv) The Directors have prepared the annual accounts on a going concern
basis.
v) The Directors had laid down internal financial controls to be
followed by the company and that such internal financial controls are
adequate and were operating effectively.
vi) The Directors had devised proper systems to ensure compliance with
the provisions of all applicable laws and that such systems were
adequate and operating effectively.
SECRETARIAL COMPLIANCE CERTIFICATE:
T. S. PAHADE & ASSOCIATES, Company Secretary, Nagpur has issued a
Secretarial Compliance Certificate for the FY 2013-14 in terms of
Proviso of Sub- Section (1) of Section 383(A) of the Companies Act
1956. The same has been received and attached to the Board Report.
DIRECTORS:
Shri Subhashchandra Amrutlal Chaudhari, retires by rotation and being
eligible, offers himself for re-appointment.
Apart from the above, there is no change as regard to the Directorship
of the Company.
LISTING OF SHARES:
The Shares of the Company continued to be listed on the Stock Exchange,
Mumbai and Madhya Pradesh. The Company has paid the annual listing fee
for the financial year 2014-2015.
The Equity Shares of the Company has the Electronic connectivity under
ISIN No. INE992I01013. To provide service to the Shareholders, the
Company has appointed M/s. Adroit Corporate Services Private Limited,
1st Floor, 19, Jaferbhoy Industrial Estate, Makwana Road, Marol Naka,
Mumbai-400 059 as Registrar and Transfer Agent of the Company for
existing physical based and allied Secretarial Services for its Members
/ Investors and for Electronic Connectivity with NSDL and CDSL.
PUBLIC DEPOSITS:
During the period under review, the Company has not accepted any public
deposit under Section 58A of the Companies Act, 1956.
AUDITORS:
M/s. B. Chhawchharia & Co., Chartered Accountants, Nagpur Statutory
Auditors of the company retires at the conclusion of the ensuing Annual
General Meeting and are eligible for re-appointment.
In accordance with the Companies Act, 2013, it is proposed to
re-appoint them from the conclusion of this Annual General Meeting till
the conclusion of the next Annual General Meeting, subject to the
approval of the shareholders. AUDITOR''S REPORT:
The observations made by the Auditors are self-explanatory and does not
require any clarification.
ACKNOWLEDGMENT:
Your Directors are grateful to Bankers for their continued support,
co-operation and assistance during the year. Your Directors express
their thanks for the sincere and dedicated efforts put in by the
workers, staff and officers during the year.
For and on behalf of the Board
Registered Office:
Imambada Road
Nagpur-440 018 W.H. KHATKHEDE S.A. CHAUDHARI
PLACE: NAGPUR DIRECTOR DIRECTOR
DATED: 11th August, 2014 (DIN : 00511856) (DIN : 00490356)
Mar 31, 2013
The Directors present their Twenty Eighth Annual Report and Audited
Statement of Accounts for the year ended 31st March 2013.
FINANCIAL RESULTS:
The accounts for the year under review reflect a profit of 7
10,93,943/-. The Directors propose to appropriate the same as under:
Profit/(Loss) Before Tax 7 10,93,943
Less: - Appropriations
Provision for Taxation
Current Tax 3,39,000
deferred Tax 7 56 7 3,39,056
Profit/ (Loss) After Tax 7,54,887
ADD:- Balance
Brought Forward 1,06,23,473 1,06,23,473
Transfer to Reserve Fund 1,51,000 1,13,78,360
Contingent Provision 10,100 1,61,100
BALANCE CARRIED FORWARD 1,12,17,260
DIVIDEND:
The Directors regret their inability to recommend any dividend for the
year under review.
WORKING & PERFORMANCE:
The performance of the Company was satisfactory during the year under
review. The Board of Directors are trying their best to further
improve the performance of the Company and are hopeful of better
working results in the coming year.
PARTICULARS OF EMPLOYEES:
There is no employee in respect of whom particulars pursuant to Section
217 (2A) of the Companies Act, 1956 read with the Companies
(Particulars of Employees) Rules, 1975; are required to be given.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION,
RESEARCH AND DEVELOPMENT:
Your Directors are of the opinion that with respect to conservation of
energy and technology absorption as per Section 217 (l)(e) read with
Companies (Disclosure Particulars in the Report of Board of Directors)
Rules, 1988 are not relevant in view of the nature of business
activities of the Company and hence, are not required to be given.
FOREIGN EXCHANGE EARNINGS AND OUTGO:
During the year under review, there is no foreign exchange earning,
outgo and expenditure.
DIRECTORS RESPONSIBILITY STATEMENT:
As per Provision of Section 217 (2AA) of the Companies Act, 1956, the
Directors confirm that:
a. In the preparation of annual accounts, the applicable accounting
standards have been followed along with proper explanation relating to
material departures.
b. The accounting policies have been consistently applied and
reasonable and prudent judgement and estimates have been made so as to
give a true and fair view of the state of affairs of the Company as at
31st March, 2013 and the Profit & Loss account of the Company for the
period.
c. Proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of the Companies
Act, 1956 has been taken for safeguarding the assets of the Company and
for preventing and detecting fraud and other irregularities.
d. The annual accounts have been prepared on a going concern basis.
SECRETARIAL COMPLIANCE CERTIFICATE:
T. S. PAHADE & ASSOCIATES, Company Secretary, Nagpur has issued a
Secretarial Compliance Certificate dated 1st July, 2013 in terms of
Proviso of Sub- Section (1) of Section 383(A) of the Companies Act
1956. The same has been received and attached to the Board Report.
DIRECTORS:
Shri Rajendra Prasad Mohanka, retires by rotation and being eligible,
offers himself for re-appointment.
Apart from the above, there is no change as regard to the Directorship
of the Company.
LISTING OF SHARES:
The Shares of the Company continued to be listed on the Stock Exchange,
Mumbai and Madhya Pradesh. The Company has paid the annual listing fee
for the financial year 2013-2014.
The Equity Shares of the Company has the Electronic connectivity under
ISIN No. INE992I01013. To provide service to the Shareholders, the
Company has appointed M/s. Adroit Corporate Services Private Limited,
1st Floor, 19, Jaferbhoy Industrial Estate, Makwana Road, Marol Naka,
Mufhbai-400 059 as Registrar and Transfer Agent of the Company for
existing physical based and allied Secretarial Services for its Members
/ Investors and for Electronic Connectivity with NSDL and CDSL. PUBLIC
DEPOSITS:
During the period under review, the Company has not accepted any public
deposit under Section 58A of the Companies Act, 1956. AUDITORS:
M/s. B. Chhawchharia &zCo., Chartered Accountants, Nagpur Statutory
Auditors of the company retires at the conclusion of the ensuing Annual
General Meeting and are eligible for re-appointment. AUDITOR''S REPORT:
The observations made by the Auditors are self-explanatory and does not
require any clarification. ACKNOWLEDGEMENT:
The Directors are grateful to Bankers for their continued support,
co-operation and assistance during the year. The Directors express
their thanks for the sincere and dedicated efforts put in by the
workers, staff and officers during the year
For and on behalf of
the Board
Registered Office: Imambada Road
Nagpur-440 018 W.H. KHATKHEDE S.A. CHAUDHARI
PLACE: NAGPUR DIRECTOR DIRECTOR
DATED: 25th July, 2013
Mar 31, 2010
The Directors present their Twenty Fifth Annual Report and Audited
Statement of Accounts for the year ended 31st March 2010.
Financial Results:
The accounts for the year under review reflect a profit of Rs.
1,313,221. The Directors propose to appropriate the same as under:
Profit/ Loss Before Tax Rs. 1,313,221
Less: - Appropriations
Provision for Taxation
Current Tax Rs. 405,800
Deferred Tax Rs. 75
Excess/(Short) Provision Rs. 5,267
for Tax
Fringe Benefits Tax Rs. NIL Rs. 411,142
Profit / (Loss). After Tax Rs. 902,079
ADD:- Balance Brought Forward Rs. 9,125,254
Excess Provision for Tax Rs. 21
BALANCE CARRIED FORWARD Rs. 10,027,354
DIVIDEND:
The Directors regret their inability to recommend any dividend for the
year under review.
WORKING & PERFORMANCE:
The performance of the Company was satisfactory during the year under
review. The Board of Directors are trying their best to further
improve the performance of the Company and are hopeful of better
working results in the coming year.
PARTICULARS OF EMPLOYEES:
There is no employee in respect of whom particulars pursuant to section
217(2A) of the Companies Act, 1956 read with the Companies(Particulars
of Employees) Rules, 1975: are required to be given.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, RESEARCH AND
DEVELOPMENT:
Your Directors are of the opinion that with the respect to conservation
of energy and technology absorption as per Section 217(1)(e) read with
Companies (Disclosure Particulars in the Report of Board of Directors)
Rules, 1988 are not relevant in view of the nature of business
activities of the Company and hence, are not requires to be given.
FOREIGN EXCHANGE EARNINGS AND OUTGO:
During the year under review, there is ni foreign exchange earning,
outgo and expenditure.
DIRECTORS RESPONSIBILTY STATEMENT:
As per Provision of Section 217(2AA) of the Companies Act, 1956, the
Director confirm that:
1. In the preparation of annual acounts, the applicable accounting
standars have been followed along with proper explanation relating to
material departures.
2. The accounting policies have been consistently applied and
reasonable and prudent judgment and estimates have been made so as
givea true and fair view of the state of affairs of the Company as at
31st March, 2010 and the Profit & Loss account of the Company for the
period.
3. Proper and sufficient care for the maintenance of adequate
accounting record in accordance with the provisions of the COmpanies
At, 1956 has een taken for safeguarding the assets of the Company and
for preventing and for detecting fraud and other irregularities.
4. The annual accounts have been prepared on a going concern basis.
SECRETRIAL COMPLIANCE CERTIFICATE:
M/S T.S. PAHADE & ASSOCIATES, Company Secretary, Nagpur has issued a
Secretrial Compliance Certificate in terms of Proviso of Sub-
Section(1) of Section 383(A) of the Companies Act 1956. The same has
been received and attached to the Board Report.
Directors:
Shri R.P. Mohanka, retries by rotation and being eligible, offers
himself for re-appointment.
LISTING OF SHARES:
The Equity Shares of the Company are listed on The Stock Exchange,
Mumbai ans Madhya Pradesh. The Company has paid annual listing fee for
the financial year 2010-2011.
The Equity Shares of the Company has the Electronic connectivity under
ISIN no. INE992I01013. To provide service to the Shareholders, the
Company has appointed M/s. Adroit Corporate Private Limited, 1st
Floor,19 Jaferbhoy Industrial Estate, Makwan Road, Marol Road, MArol
Naka, Mumbai-400059 as Registrar and Transfer Agent of the Company for
existing physical based and allied Secretrial Services for its Members/
Investors and for Electronic Connectivity with NSDL and CSDL.
PUBLIC DEPOSITS:
During the period under reciew, the Company has not accepted any public
deposit under Section 58 A of the Companis ACT, 1956.
AUDITORS:
M/s. Bankim V. Shah, Chartered Accountants, Mumbai auditors of the
company retire at the conclusion of the ensuing meeting are eligible
for re-appointment.
AUDITORS REPORT:
The observations made by the Auditors are self-explanatory and does not
require any clarification.
ACKNOWLEDGEMENT:
The Directors are grateful to Bankers for their continue support,
co-operation and assistance during the year. The Directors express
their thanks for the sincere and dedicated efforts put in by the
workrs, staff and officers during the year.
For and behalf of the Board
W.H. KHATKHEDE PRAFULLA DOSHI
DIRECTOR DIRECTOR
Registered Office:
Imambada Road
Nagpur-440018
PLACE: NAGPUR.
DATED: 4th September,2010
Mar 31, 2009
The Directors present their Twenty Fourth Annual Report and Audited
Statement of Accounts for the year ended 31st March, 2009.
FINANCIAL RESULTS:
The accounts for the year under review reflect a Profit of Rs.
1,265,793/-. The Directors propose to appropriate the same as under:
Profit / (Loss) for the year Rs. 1,265,793 Add: Balance brought
forward Rs. 8,252,263
Less: Provision for Taxation
- Current Tax Rs. 252,000
- Deferred Tax Rs. 139,802
- Fringe Benefit Tax Rs. NIL
- Short Provision for Taxation written off Rs. 1,000 Rs. 392,802
Balance carried to Balance Sheet Rs. 9,125,254
WORKING:
The Board of Directors are trying their best to improve the performance
of the Company and are hopeful of better working results in the coming
year.
DIVIDEND:
Directors regret their inability to recommend any dividend for the year
under review.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNINGS AND OUTGO:
Your Directors are of the opinion that particulars with respect to
conservation of energy and technology absorption as per Section 217(1)
(e) read with Companies (Disclosure of Particulars in the Report of
Board of Directors) Rules, 1988 are not relevant in view of the nature
of business activities of the Company and hence, are not required to be
given. There has been no foreign exchange earnings or outgo during the
year under review.
DIRECTORS RESPONSIBILITY STATEMENT :
The Directors confirm that:
a. In the preparation of annual accounts, the applicable accounting
standards have been followed along with proper explanation relating to
material departures.
b. The accounting policies have been consistently applied and
reasonable and prudent judgement and estimates have been made so as to
give a true and fair view of the state of affairs of the Company as at
31" March, 2009 and the Profit and Loss Account of the Company for the
period.
c. Proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of the Companies
Act, 1956 has been taken for safeguarding the assets of the Company and
for preventing and detecting fraud and other irregularities.
d. The annual accounts have been prepared on a going concern basis.
SECRETARIAL COMPLIANCE CERTIFICATE:
Mis.V.Ramachandran,Company Secretary,Nagpur has issued a Secretarial
Compliance Certificate in terms of Proviso of Sub-Section (1)of Section
383(A)of the Companies Act,1956.The same has been received and attached
to the Board Report.
PARTICULARS OF EMPLOYEES:
There is no employee,in respect of whom particulars pursuant to section
217(2A)of the Companies Act,1956,are required to be given.
DIRECTORS:
Shri W.H.Khatkhede,retires by rotation and being eligible offers himself
for reappointment.
PUBLIC DEPOSITS:
During the period under review,the Company has not accepted any public
deposits under Section 58A of the Companies Act,1956.
LISTING OF SHARES:
The Equity Shares of the Company are listed on The Stock Exchange Mumbai
and Madhya Pradesh.The company has paid the annual listing fees for the
financial year 2008-2009.
The Equity Shares of the Company has the Electronic connectivity under
ISIN No.INE992l01013.The company has Mis.Adroit Corporate Services
Private Limited,1 st floor 19,Jaferbhoy Industrial Estate,Makwana Road,
Marol Naka,Mumbai-400 059 as Registrar and transfer Agent of the company
for existing physical based and allied Secretarial Services for its
members /Investors and for Electronic Connectivity with NSDL and CDSL.
AUDITORS REPORT
The observations made by the Auditors in their report are self-explanatory
and have also been further amplified in the Notes to the Accounts.
AUDITORS:
M/s.Bankim V.Shah,Chartered Accountants,Mumbai auditors of the Company
retire at the conclusion of the ensuing meeting and are eligible for
reappointment.
ACKNOWLEDGEMENTS:
The Directors are grateful to Bankers for their continued co-operation
and assistance during the year.
The Directors express their thanks for the sincere and dedicated efforts
put in by all the -employees during the year.
For and on behalf of the Board
Place:NAGPUR W.H.KHATKHEDE PRAFULLA DOSHI
Dated:04.09.2009 DIRECTOR DIRECTOR
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