Mar 31, 2014
Dear Memebrs,
The directors have pleasure in presenting their NINETEENTH ANNUAL
REPORT together with Audited Accounts of your company for the year
ended 31st March 2014.
(Rs. In Lacs)
FINANCIAL RESULTS C.Y P.Y
Income from Operations 239.01 202.65
Total Expenses 235.38 202.75
Profit Before Interest, Financial
Charges & Depreciation 3.63 (-).10
Less: Interest & Financial Charges 0.05 0.00
Depreciation 0.12 0.15
Profit After Interest, Financial
Charges & Depreciation 3.46 (-) 0.25
Provision for Income Tax 0.74 0.02
Deferred Tax (-) 0.02 (-) 0.01
Profit Brought forward (-) 4.78 (-) 4.53
Less: Dividend NIL NIL
Balance in Profit & Loss Account (-) 2.05 (-) 4.78
Dividend
Due to inadequacy of profits your directors are unable to recommend
dividend for the year ending 31st March 2014.
Management Discussions and Analysis
Your company has issued no equity shares during the year. The company
is planning to commence publication of books and allied activities by
the end of the year 2015-16. The expansion program will continue and
IPO may be given in 2015-16. Management envisages bright future
prospectus for the company. Management Discussion and Analysis Report
is enclosed as per Annexure-1.
Directors
1. RAJ AN CHOPRA (DIN: 00092139) who was appointed as director of the
company by the Board of Directors and who ceases to hold office under
section 152 (6) of the Companies Act, 2013 at the ensuing Annual
General Meeting and is eligible to offer himself for reappointment.
2. VARINDER SEHGAL (DIN: 02846404) who was appointed as director of the
company by the Board of Directors and who ceases to hold office under
section 152 (6) of the Companies Act, 2013 at the ensuing Annual
General Meeting and is eligible to offer himself for reappointment.
Director''s responsibility statement
i) That in the preparation of the annual accounts the applicable
accounting standards had been followed along with the proper
explanation relating to material departures.
(ii) Appropriate accounting policies have been selected and applied
consistently and have made judgment and estimates that are reasonable
and prudent so as to give a true and fair view of state of affairs of
the company for the year ended 31st March 2014.
(iii) Proper and sufficient care has been taken for the maintenance of
adequate accounting records in accordance with the provisions of the
Companies Act, 2013 for safeguard the assets of the company and for
preventing and detecting fraud and other irregularities.
(iv) The annual accounts have been prepared on a going concerns basis.
Code of Conduct
A code of conduct for the board members and senior management of the
company has been laid down by the board and it posted on the web site
of the company. The same has been circulated to all the concerned who
have affirmed the compliancc with it. In terms of clause 49(D), of the
listing agreement CEO of the company has given declaration to that
effect which forms part of this report as Annexure -II.
Corporate Governance
As per listed agreement with stock exchanges the code of Corporate
Governance is already applicable to the company from the financial year
2003-2004. Accordingly report on Corporate Governance is enclosed as
per Annexure-III.
Auditors
M/s Chandra Kiran & Co., Chartered Accountants, the statutory auditors
of your company holds office until the conclusion of the ensuing Annual
General Meeting and is eligible for reappointment. The company has
obtained the required certificate from M/s Chandra Kiran & Co.,
Chartered Accountants, Jalandhar, the proposed auditors that if they
are appointed; it will be within the limits laid down by Section 139 of
Companies Act, 2013.
Auditors Report
The observations made in the Auditor''s Report are self explanatory and
therefore, do not call for any further comments as there are no adverse
remarks by the Auditors.
Compliance Certificates
The company has obtained Compliance Certificate from Practicing Company
Secretary as required under provision to section 203 of the Companies
Act, 2013.
Particulars of Employees
No employee is covered by section 134 of the Companies Act, 2013 read
with Companies (Particulars of Employees) Rules, 1975. As such the
information under this is NIL.
Particulars required to be furnished under the Companies (Disclosure of
Particulars in the report of Board of Directors) Rules, 1988:
(a) Part A and B: Pertaining to conservation of energy and technology
absorption are not applicable to the company.
(b) Foreign Exchange Earnings and Outgo: The Company has neither used
nor earned foreign exchange during the year under review.
Name of Stock Exchanges where the Equity Share of the company are
listed:
1. The Mumbai Stock Exchange Ltd.
2. The Ludhiana Stock Exchange Association Ltd.
Annual Listing fee is outstanding in respect of the all Stock Exchanges
except The Mumbai Stock Exchange Ltd.
Acknowledgment
Your directors wish to place on record their appreciation of the
valuable support given by our clients, Bankers, Government agencies and
share holders.
The Board also takes this opportunity to express its whole hearted
appreciation of the dedication and efforts put in by the employees
without which the good performance would not have been possible.
By order of the Board
For NOVA PUBLICATIONS INDIA LIMITED
Sd/- Sd/-
(SUNIL KUMAR CHOPRA) (RAJAN CHOPRA)
(DIN:00092090) (DIN.00092139)
Director Director
Place: Jalandhar
Dated: 01-09-2014
Mar 31, 2012
The directors have pleasure in presenting their SEVENTEENTH ANNUAL
REPORT together with Audited Accounts of your company for the year
ended 31st March 2012.
(Rs. In Lacs)
FINANCIAL RESULTS C.Y P.Y
Income from Operations 238.40 65.56
Total Expenses 236.96 65.14
Profit Before Interest,
Financial Charges & Depreciation 1.44 0.42
Less: Interest & Financial Charges 0.00 0.00
Depreciation 0.24 0.33
Profit After Interest,
Financial Charges & Depreciation 1.20 0.09
Provision for Income T ax 0.24 0.02
Deferred Tax 0.03 0.00
Profit Brought forward (-) 5.46 (-) 5.53
Profit available for appropriations (-) 4.53 (-) 5.46
Less: Dividend NIL NIL
Balance in Profit & Loss Account (-) 4.53 (-) 5.46
Dividend
Due to inadequacy of profits your directors are unable to recommend
dividend for the year ending 31st March 2012.
Management Discussions and Analysis
Your company has issued no equity shares during the year. The company
is planning to commence publication of books and allied activities by
the end of the year 2012-13. The expansion program will continue and
IPO may be given in 2013-14. Management envisages bright future
prospectus for the company. Management Discussion and Analysis Report
is enclosed as per Annexure- I.
Directors
1. Nirmal Kumar Chopra who was appointed as director of the company by
the Board of Directors and who ceases to hold office under section 260
of the Companies Act, 1956 at the ensuing Annual General Meeting and is
eligible to offer himself for reappointment.
2. Rajan Chopra who was appointed as director of the company by the
Board of Directors and who ceases to hold office under section 260 of
the Companies Act, 1956 at the ensuing Annual General Meeting and is
eligible to offer himself for reappointment.
3. Sh. Subhash Chander Kohli who was appointed as an additional
director of the company by the board of directors who ceases to hold
office u/s 260 of companies act 1956 at the ensuing annual general
meeting in respect of whom the company has received a notice in writing
from a member proposing his candidature for the office of director and
is eligible to offer himself for reappointment.
4. Sh. Varinder Sehgal who was appointed as an additional director of
the company by the board of directors who ceases to hold office u/s 260
of companies act 1956 at the ensuing annual general meeting in respect
of whom the company has received a notice in writing from a member
proposing his candidature for the office of director and is eligible to
offer himself for reappointment.
Director's responsibility statement
i) That in the preparation of the annual accounts the applicable
accounting standards had been followed along with the proper
explanation relating to material departures.
(ii) Appropriate accounting policies have been selected and applied
consistently and have made judgment and estimates that are reasonable
and prudent so as to give a true and fair view of state of affairs of
the company for the year ended 31st March 2012.
(iii) Proper and sufficient care has been taken for the maintenance of
adequate accounting records in accordance with the provisions of the
Companies Act, 1956 for safeguard the assets of the company and for
preventing and detecting fraud and other irregularities.
(iv) The annual accounts have been prepared on a going concerns basis.
Code of Conduct
A code of conduct for the board members and senior management of the
company has been laid down by the board and it posted on the web site
of the company. The same has been circulated to all the concerned who
have affirmed the compliance with it. In terms of clause 49(D), of the
listing agreement CEO of the company has given declaration to that
effect which forms part of this report as Annexure -II.
Corporate Governance
As per listed agreement with stock exchanges the code of Corporate
Governance is already applicable to the company from the financial year
2003-2004. Accordingly report on Corporate Governance is enclosed as
per Annexure-III.
Auditors
M/s Chandra Kiran & Co., Chartered Accountants, the statutory auditors
of your company hold office until the conclusion of the ensuing Annual
General Meeting and are eligible for reappointment. The company has
obtained the required certificate from M/s Chandra Kiran & Co.,
Chartered Accountants, Jalandhar, the proposed auditors that if they
are appointed, it will be within the limits laid down by Sec 224(1B) of
Companies Act, 1956.
Auditors Report
The observations made in the Auditor's Report are self explanatory
and therefore, do not call for any further comments as there are no
adverse remarks by the Auditors.
Compliance Certificates
The company has obtained Compliance Certificate from Practicing Company
Secretary as required under provision to section 383A (1) of the
Companies Act, 1956.
Particulars of Employees
No employee is covered by section 217 (2A) of the Companies Act, 1956
read with Companies (Particulars of Employees) Rules, 1975. As such the
information under this is NIL.
Particulars required to be furnished under the Companies (Disclosure of
Particulars in the report of Board of Directors) Rules, 1988:
(a) Part A and B: pertaining to conservation of energy and technology
absorption are not applicable to the company.
(b) Foreign Exchange Earnings and Outgo: The Company has neither used
nor earned foreign exchange during the year under review.
Name of Stock Exchanges where the Equity Share of the company are
listed:
1. The Mumbai Stock Exchange Ltd.
2. The Ludhiana Stock Exchange Association Ltd.
Annual Listing fee is outstanding in respect of the all Stock Exchanges
except The Mumbai Stock Exchange Ltd.
Acknowledgment
Your directors wish to place on record their appreciation of the
valuable support given by our clients, Bankers, Govt. agencies and
share holders.
The Board also takes this opportunity to express its whole hearted
appreciation of the dedication and efforts put in by the employees
without which the good performance would not have been possible.
By order of the Board
For NOVA PUBLICATIONS INDIA LTD
Sd/- Sd/-
(Sunil Kumar
Chopra) (Rajan Chopra)
Director Director
Place: Jalandhar
Dated: 01-09-2012
Mar 31, 2010
Dear Members,
The directors have pleasure in presenting their FIFTEENTH ANNUAL
REPORT together with Audited Accounts of your company for the year
ended 31st March 2010.
Financial Results (Rs. In Lacs)
2009-2010 2008-2009
Income from Operations 2.48 2.27
Total Expenses 1.94 1.49
Profit before depreciation 0.54 0.79
Less: Depreciation 0.47 0.68
Profit after Depreciation 0.07 0.11
Less: Preliminary & Public
Issue written off NIL NIL
Add: Profit on sales of Investments NIL NIL
Less: Loss on sales of Investments NIL NIL
Profit available for appropriation 0.07 0.11
Dividend:
Due to inadequacy of profits your directors are unable to recommend
dividend for the year ending 31st March 2010.
Management Discussions and Analysis
Your company has issued no equity shares during the year. The company
is planning to commence publication of books and allied activities by
the end of the year 2011-12. The expansion program will continue and
IPO may be given in 2011-12. Management envisages bright future
prospectus for the company.
Directors
Nirmal Kumar Chopra who was appointed as director of the company by the
Board of Directors and who ceases to hold office under section 260 of
the Companies Act, 1956 at the ensuing Annual General Meeting and is
eligible to offer himself for reappointment.
Director's responsibility statement
i) That in the preparation of the annual accounts the applicable
accounting standards had been followed along with the proper
explanation relating to material departures;
(ii) Appropriate accounting policies have been selected and applied
consistently and have made judgement and estimates that are reasonable
and prudent so as to give a true and fair view of state of affairs of
the company for the year ended 31st March 2010.
(iii) Proper and sufficient care has been taken for the maintenance of
adequate accounting records in accordance with the provisions of the
Companies Act, 1956 for safeguard the assets of the company and for
preventing and detecting fraud and other irregularities;
(iv) the annual accounts have been prepared on a going concerns basis
Corporate Governance
As per listed agreement with stock exchanges the code of Corporate
Governance is already applicable to the company from the financial year
2003-2004. Accordingly report on Corporate Governance is enclosed as
per Annexure-I.
Auditors
M/s Chandra Kiran & Co., Chartered Accountants, the statutory auditors
of your company holds office until the conclusion of the ensuing Annual
General Meeting and is eligible for reappointment. The company has
obtained the required certificate from M/s Chander Kiran & Co.,
Chartered Accountants, Jalandhar, the proposed auditors that if they
are appointed will be within the limits laid down by Sec 224(1B) of
Companies Act, 1956.
Auditors Report
The observations made in the Auditor's Report are self explanatory and
therefore, do not call for any further comments as there are no adverse
remarks by the Auditors.
Particulars of Employees
No employee is covered by section 217 (2A) of the Companies Act, 1956
read with Companies (Particulars of Employees) Rules, 1975. As such the
information under this is NIL.
Particulars required to be furnished under the Companies (disclosure of
Particulars in the report of Board of Directors) Rules, 1988.
(a) Parts A and B : pertaining to conservation of energy and technology
absorption are not applicable to the company.
(b) Foreign Exchange Earnings and outgo: The Company has neither used
nor earned foreign exchange during the year under review.
Name of Stock Exchanges where the Equity Share of the company are
listed..
1. The Ludhiana Stock Exchange Association Ltd
2. The Stock Exchange, Mumbai
3. Delhi Stock Exchange Association Ltd
4. Jaipur Stock Exchange Ltd
Annual Listing fee are outstanding in respect of the all Stock
Exchanges except Stock Exchange, Mumbai.
Acknowledgment
Your directors wish to place on record their appreciation of the
valuable support given by our client, Bankers, Govt, agencies and share
holders.
The Board also takes this opportunity to express its whole hearted
appreciation of the dedication and efforts put in by the employees
without which the good performance would not have been possible.
By order of the Board
For NOVA PUBLICATIONS INDIA LTD
Sd/- sd/-
(Sunil Kumar Chopra) (Nirmal Kumar Chopra)
Director Director
Place: Jalandhar
Dated: 30-06-2010.