Mar 31, 2014
The Members,
The Directors are pleased to present 34th Annual Report and Audited
Accounts and the report on Company''s business and operations for the
financial year ended 31 st March, 2014.
FINANCIAL RESULTS:
The performance during the year is as under
Particulars CURRENT YEAR PREVIOUS YEAR
31.03.2014 31.03.2013
(Rs. laks) (Rs. laks)
Sales 3056.29 3637.17
Other income 36.86 89.837
Total Income 3093.15 3726.98
Profit before Depreciation, Interest 20.48 46.63
and Exceptional items
DEDUCT
Depreciation 3,68 0
Interest 0 0
Profit before tax, prior period and 16.80 46.63
extraordinary items
Prior period adjustments 0 0
Extraordinary items 0 0
Provision for taxation ( net of deferred 0 0
tax adjustment)
Profit after tax 16.80 46.63
Income tax of earlier years 0 0
Surplus brought forward from last year (2043.12) (2089.75)
Balance available for appropriation -- --
APPROPRIATION
Proposed Dividend -- --
Transfer from General Reserve 1448.61 --
Balance c/f to Balance Sheet (577.71) (2043.12)
OPERATIONAL AND FINANCIAL PERFORMANCE
During the year ended March 31st , 2014 the Company has achieved a sale
turnover of 3056.29 lakhs as against Previous year of Rs. 3637.17
Lakhs. For the Financial Year 2013-14 Your Company has earned a Profit
Before Tax of 16.80 Lakhs against Profit of Rs. 46.63 lakhs.
SHARE CAPITAL
The Authorized Share Capital of the Company is Rs. 12,00,00,000/-
(Tweleve Crores) divided into 1,20,00,000 (One Crore and Twenty Lakhs
Rupees) Equity Shares of Rs. 10/- each and Paid -up Share Capital of Rs
10,07,50,000/- (Ten Crores and Seven Lakhs and fifty thousand Rupees)
divided into 1,00,75,000 (One Crore and Seventy Five thousand)Equity
shares of Rs 10/- each.
DIVIDENDS
In order to keep the resources for the operations of the Company, no
dividend is recommended for the year ended 31 st March, 2014.
DIRECTORS
Mr. Ravi Surana Pukhraj (DIN :01777676) Director, retire by rotation
and being eligible offer themselves for re-appointment at the ensuing
Annual General Meeting.
MANAGEMENT DISCUSSION AND ANALYSIS REPORT
Management Discussion and analysis Report for the Year under review as
stipulated in Clause 49 of the Listing Agreement with Stock Exchanges,
is presented as separate section forming part of the Annual Report.
FUTURE OUTLOOK:
The Company is looking for new avenues to increase the turnover and
profitability.
DIRECTORS RESPONSIBILITY STATEMENT
As required u/s 217 (2AA) of the Companies Act, 1956, you Directors
confirm that:
1. In preparation of Annual Financial Statement of Account for the
period ended 31st March 2014, the applicable accounting standards have
been followed along with proper explanation relating to material
departures.
2. 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 2013-2014 and the profit &
loss of the company for that period.
3. Directors 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.
4. The annual accounts for the year ended 31il March, 2014 have been
prepared on a going concern basis.
Disclosures under Section 217(l)(d) of the Companies Act, 1956
Except as disclosed elsewhere in this report, there have been no
material changes and commitments which can affect the financial
position of the Company occurred between the end of the financial year
of the Company and date of this report.
Particulars of Employees
There are no employees who are, in receipt of remuneration of R$.60
Lakhs or more per annum, if employed throughout the year or Rs.5 Lakhs
or more per month if employed for a part of the year, falling within
the provisions of Section 217(2A) of the Companies Act, 1956 read with
Companies (Particulars of Employees) Rules, 1975, during the year ended
31.03.2014.
Auditors
The auditors, M/s. N.K. JALAN & CO., Chartered Accountants, Mumbai,
hold office until conclusion of the ensuing Annual Genera! Meeting,
have confirmed their eligibility and willingness to accept office, if
re-appointed. In terms of Section 139(2) and other applicable
provisions of the Companies Act, 2013 the present auditors can only be
re- appointment for a period of 3 consecutive years from the conclusion
of the ensuing 34lh Annual Genera! Meeting till the conclusion of 37th
Annua! General Meeting of the Company subject to ratification by the
Members at every Annual General Meeting. The Audit Committee and Board
of Directors recommend the re- appointment of Auditors for approval of
the Members.
Auditors'' Report
The auditors view are self explanatory. The Board of Director shall
take necessary steps towards depreciation calculation as per companies
act in the following financial year."
Conservation of Energy, Technology Absorption, Foreign Exchange
Earnings and Outgo
Information on Conservation of Energy, Technology Absorption, Foreign
Exchange Earnings and outgo as required to be disclosed 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, are provided as an Annexure forming a
part of this Report. Since the manufacturing activities are suspended
the compliance reports required under Section 271(l)(e) are no longer
applicable to the company.
a. Conservation of Energy : Not Applicable
b. Technology Absorption ; nil
c. Foreign Exchange Earnings ( on accural basis ) : NIL
d. Foreign Exchange Earned Outgo (on accural basis) : NIL
LISTING INFORMATION
The Equity Shares of your company are listed at the Mumbai Stock
Exchange, in terms of Clause 38 of Listing Agreement, the listing fees
for the financial year 2013-2014 have already been paid.
DEMATERIALISATION OF SHARES
As the members are aware, your company''s shares are tradable
compulsorily In electronic form and your company has established
connectivity with both the depositories viz. National Securities
Depository Limited (NSDL) and Central Depository Limited (CDSL). The
members are requested to dematerialize their physical holding in view
of various advantages of holding the shares in dematerialized form. The
company also follows the transfer cum demat procedure for quick
transfer and dematerialization of shares.
M/s Aarathi Consultants Private Limited, 1-2-285, Domalguda, Hyderabad,
a registered Depository Participant has been retained as Registrar and
Share Transfer Agent.
Deposits
The Company has not accepted any deposits from the Public under section
58A of the Companies Act, 1956 and as such, no amount of principal or
interest was outstanding as of the Balance Sheet Date.
CORPORATE GOVERNANCE:
Your company has been practicing the principles of good Corporate
Governance over the years and the Board of Directors lays strong
emphasis on transparency, accountability and integrity. The Company has
taken adequate steps to ensure that the conditions of corporate
Governance as stipulated in clause 49 of the listing agreements of the
Stock Exchanges are complied with. Further a report on Corporate
Governance and Auditors Certificate regarding compliance of the
conditions of Corporate Governance as stipulated under Clause 49 of the
listing agreement with Stock Exchanges is given in the Annual Report.
ACKNOWLEDGEMENTS
Your Directors convey their sincere gratitude and express their
appreciation for the assistance extended by Company''s Bankers-HDFC
Bank, Indian Bank, and various agencies of State and
Central Governments for their continued support and guidance. The
industrial relations of the Company were cordial throughout the year
under review.
Your directors wish to place on record their appreciation for the
services rendered by all Officers, Staff and Workmen of the Company.
Your Directors would also like to thank all the shareholders who have
reposed their confidence on the Company.
Hyderabad By Order of the Board
27.08.2014 For P.M. TELELINNKS LIMITED
Sd/-
(G. P. Surana)
Managing Director
Mar 31, 2013
The Members,
The Directors hereby present the 33rd Annual Report of the Company
together with the Audited Financial Statement of Accounts for the
period ended on 31st March 2013.
FINANCIAL RESULTS:
The performance during the year is as under
CURRENT PREVIOUS
YEAR3 YEAR
1.03.2013( 31.03.2012
Rs. in laks) (Rs.in laks)
Sales
Other income 3637.18 4413.26
Yofit before Depreciation, Interest and
Exceptional items 46.63 154.60
DEDUCT
Depreciation 0 0
Interest 0 0
Profit before tax, prior period and
sxtraordinary items 46.63 154.60
Vior period adjustments 0 0
Extraordinary items 0 0
Provision for taxation ( net of deferred 0 0
tax adjustment)
Profit after tax 46.63 154.60
Income tax of earlier years 0 0
Surplus brought forward from last year (2089.75) (2244.36)
balance available for appropriation -- --
APPROPRIATION
Proposed Dividend -- --
Transfer from General Reserve -- --
palance c/f to Balance Sheet (2043.12) (2089.75)
OPERATIONAL AND FINANCIAL PERFORMANCE
Your Directors have to inform you that your Company has achieved a sale
turnover of Rs 3637.17 Lacks,(Previous Year 4413.26. Lacs) during the
year under review.
FUTURE OUTLOOK:
The Company is looking for new avenues to increase the turnover and
profitability. FIXED DEPOSITS
Your Company has not accepted any deposits from the public for the year
under review within the meaning of Section 58A of the Companies Act,
1956 and the Rules made there under.
FINANCES
The Company has dismantled obsolete machines and industrial sheds and
also collected long outstanding dues from debtors and paid off to
creditors.
AUDITORS''
M/s.G.Ramamohan & Co. Chartered Accountants, Auditors of the company
will retire at the ensuing AGM of the Company and expressed their
inability to be available for the next financial year and forwarded to
the company their resignation letter. The board considered their wish
and accepted .the board placed on record its gratitude for their
service during their tenure. The board received communication from M/S.
MJ JALAN& CO , CHARTERED ACCOUNTENTS, REPRESENTED BY Sri.M J Jalan,
proprietor , expressing it''s willingness to take the appointment as
Statutory auditors of your company from the financial year beginning on
1.4.2013. The members are requested to consider their appointment for
the year 2013-14 on such remuneration as determined by the board.
DIRECTORS RESPONSIBILITY STATEMENT
As required u/s 217 (2AA) of the Companies Act, 1956, you Directors
confirm that:
1. In preparation of Annual Financial Statement of Account for the
period ended 31st March 2013, the applicable accounting standards have
been followed along with proper explanation relating to material
departures.
2. 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 2012-2013 and the profit &
loss of the company for that period.
3. Directors 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. ''
CONSTITUTION OF AUDIT COMMITTEE
In accordance with the provisions of Section 292 A of the Companies
Act, 1956 read with Clause 49 of Listing Agreement of the Stock
Exchanges, the Board of Directors has constituted an Audit Committee
with the following members of the Board.
1. Sri P Chandra Mohan Rao, Chairman
2. Sri G. P Surana, Managing Director
3. Sri C Raj Kumar
The Audit Committee discharges its duties, performs its functions and
exercises its role in terms of provisions of Section 292 A of the
Companies Act, 1956 and Clause 49 of Listing Agreement of the Stock
Exchanges. The terms of reference of the Audit Committee are those as
are governed by the provisions of Section 292 A of the Companies Act,
1956 and Clause 49 of the Listing Agreement of the Stock Exchanges.
DIRECTORS
Sri C Raj Kumar who retires by rotation during the ensuing Annual
General Meeting and being eligible, offers himself for re-appointment.
It is in the best interests of the Company, your Board of Directors
commend for re-appointment of Sri C Raj Kumar as a Director of the
Company. -
STATUTORY INFORMATION
Information on Conservation of Energy, Technology Absorption, Foreign
Exchange Earnings and outgo as required to be disclosed 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,
are provided as an Annexure forming a part of this Report. Since the
manufacturing activities are suspended the compliance reports required
under section 271 (1)(e) are no longer applicable to the company.
LISTING INFORMATION
The Equity Shares of your company are listed at the Mumbai Stock
Exchange. In terms of Clause 38 of Listing Agreement, the listing fees
for the financial year 2013-2014 have already been paid.
DEMATERIALISATION OF SHARES
As the members are aware, your company''s shares are tradable
compulsorily in electronic form and your company has established
connectivity with both the depositories viz. National Securities
Depository Limited (NSDL) and Central Depository Limited (CDSL). The
members are requested to dematerialize their physical holding in view
of various advantages of holding the shares in dematerialized form. The
company also follows the transfer cum demat procedure for quick
transfer and dematerialization of shares.
M/s Aarathi Consultants Private Limited, 1-2-285, Domalguda, Hyderabad,
a registered Depository Participant has been retained as Registrar and
Share Transfer Agent.
CORPORATE GOVERNANCE:
Your company has been practicing the principles of good Corporate
Governance over the years and the Board of Directors lays strong
emphasis on transparency, accountability and integrity. The Company has
taken adequate steps to ensure that the conditions of corporate
Governance as stipulated in clause 49 of the listing agreements of the
Stock Exchanges are complied with. Further a report on Corporate
Governance and Auditors Certificate regarding compliance of the
conditiQns of Corporate Governance as stipulated under Clause 49 of the
listing agreement with Stock Exchanges is given in the Annual Report.
PARTICULARS OF EMPLOYEES
Information as required to be given under Section 217 (2A) of the
Companies Act, 1956, read with Companies (Particulars of the Employees)
Rules, 1975, has been provided as an Annexure, which form part of this
Report.
ACKNOWLEDGEMENTS
Your Directors convey their sincere gratitude and express their
appreciation for the assistance extended by Company''s Bankers-HDFC
Bank, Indian Bank, and various agencies of State and Central
Governments for their continued support and guidance. The industrial
relations of the Company were cordial throughout the year under review.
Your directors wish to place on record their appreciation for the
services rendered by all Officers, Staff and Workmen of the Company.
Your Directors would also like to thank all the shareholders who have
reposed their confidence on the Company.
By the order of the Boardfor
PM TELELINNKS LIMITED
Date: 2-9-2013
Place: Secunderabad Sd/-
(G.P.SURANA)
MANAGING DIRECTOR
Mar 31, 2012
To The Members,
The Directors hereby present the 32nd Annual Report of the Company
together with the Audited Financial Statement of Accounts for the
period ended on 31st March 2012.
FINANCIAL RESULTS:
The performance during the year is as under
CURRENT PREVIOUS
YEAR YEAR
31.03.2012 31.03.2011
(Rs. in lakhs) (Rs. In lakhs)
Sales 4413.26 2281.18
Other income 6.63 7.44
Profit before Depreciation,
Interest and
Exceptional items 154.60 141.28
DEDUCT
Depreciation 0 0
Interest 0 0
Profit before tax, prior period and
extraordinary items 154.60 141.28
Prior period adjustments 0 0
Extraordinary items 0 0
Provision for taxation (net
of deferred tax adjustment) 0 0
Profit after tax 154.60 141.28
Income tax of earlier years 0 0
Surplus brought forward from
last year (2244.36) (2385.64)
Balance available for
appropriation à Ã
APPROPRIATION
Proposed Dividend à Ã
Transfer from General Reserve à Ã
Balance c/f to Balance Sheet (2089.73) (2244.36)
OPERATIONAL AND FINANCIAL PERFORMANCE
Your Directors have to inform you that your Company has achieved a sale
turnover of Rs 4413.26 Lacks, (Previous Year Rs.2281.18 Lacs) during
the year under consideration.
FUTURE OUTLOOK:
The Company is looking for valuable open lands, Farm Houses for
Development and sale and also value added goods for trading.
FIXED DEPOSITS
Your Company has not accepted any deposits from the public for the year
under review within the meaning of Section 58A of the Companies Act,
1956 and the Rules made there under.
FINANCES
Collected long outstanding dues from debtors and paid of to the secured
lender.
auditors
M/s.G.Ramamohan & Co. Chartered Accountants, are due for retirement at
the conclusion of thirty second Annual General Meeting. On the event of
their retirement, the company proposes to appoint M/s. Priyank G Dave,
as the statutory auditors -send- they have confirmed their eligibility
and willingness to accept office, if appointed for the financial year
2012 -13. Your directors recommend the app0ihtmeFiëef WM8. Rnyariik G
D6v6i,"Chartered Accountant as the Statutory Auditors of the company to
hold office from the conolusion of thirty second Annual General Meeting
untill the conclusion of the thirty third Annual General Meeting of the
company.
DIRECTORS RESPONSIBILITY STATEMENT
As required u/s 217 (2AA) of the Companies Act, 1956, you Directors
carffittri that:
1. In preparation of Annual Financial Statement of Account for the
period ended 31st March 2012, the applicable accounting standards have
been followed along with proper explanation relating to material
departures.
2. 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 2011-2012 and the profit &
loss of the company for that period.
3. Directors 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.
CONSTITUTION OF AUDIT COMMITTEE
In accordance with the provisions of Section 292 A of the Companies
Act, 1956 read with Clause 49 of Listing Agreement of the Stock
Exchanges, the Board of Directors
In accordance with the provisions of Section 292 A of the Companies
Act, 1956 read with Clause 49 of Listing Agreement of the Stock
Exchanges, the Board of Directors has constituted an Audit Committee
with the following members of the Board.
1. Sri P. Chandramohan
2. Sri G. P Surana, Managing Director
3. Sri C. Raj Kumar, Director
The Audit Committee discharges its duties, performs its functions and
exercises its role in terms of provisions of Section 292 A of the
Companies Act, 1956 and Clause 49 of Listing Agreement of the Stock
Exchanges.The terms of reference of the Audit Committee are those as
are governed by the provisions of Section 292 A of the Companies Act,
1956 and Clause 49 of the Listing Agreement of the Stock Exchanges.
DIRECTORS
Sri P. Chandra Mohan who retires by rotation during the ensuing Annual
General Meeting and being eligible, offers himself for re-appointment.
It is in the best interests of the Company, your Board of Directors
commend for re-appointment of Sri P. Chandra Mohan as a Director of the
Company.
STATUTORY INFORMATION
Information on Conservation of Energy, Technology Absorption, Foreign
Exchange Earnings and outgo as required to be disclosed 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,
are provided as an Annexure forming a part of this Report. Since the
manufacturing activities are suspended the compliance reports required
under section 271(1)(e) are no longer applicable to the company.
LISTING INFORMATION
The Equity Shares of your company are listed at the Mumbai Stock
Exchange. In terms of Clause 38 of Listing Agreement, the listing fees
for the financial year 2012-2013 have already been paid.
DEMATERIALISATION OF SHARES
As the members are aware, your company's shares are tradable
compulsorily in electronic form and your company has established
connectivity with both the depositories viz. National Securities
Depository Limited (NSDL) and Central Depository Limited (CDSL). The
members are requested to dematerialize their physical holding in view
of various advantages of holding the shares in dematerialized form. The
company also follows the transfer cum demat procedure for quick
transfer and dematerialization of shares.
M/s Aarathi Consultants Private Limited, 1-2-285, Domalguda, Hyderabad,
a registered Depository Participant has been retained as Registrar and
Share Transfer Agent.
CORPORATE GOVERNANCE:
Your company has been practicing the principles of good Corporate
Governance over the years and the Board of Directors lays strong
emphasis on transparency, accountability and integrity. The Company has
taken adequate steps to ensure that the conditions of corporate
Governance as in clause 49 of the listing agreements of the Stock
Exchanges are complied with. Further a report on Corporate Governance
and Auditors Certificate regarding compliance of the conditions of
Corporate Governance as stipulated under Clause 49 of the listing
agreement with Stock Exchanges is given in the Annual Report.
PARTICULARS of employees
Information as required to be given under Section 217 (2A) of the
Companies Act, 1956, read with Companies (Particulars of the Employees)
Rules, 1975, has been provided as an Annexure, which form part of this
Report.
ACKNOWLEDGEMENTS
Your Directors convey their sincere gratitude and express their
appreciation for the assistance extended by Company's Bankers-HDFC
Bank Ltd. Indian Bank, and various agencies of State and Central
Governments for their continued support and guidance. The industrial
relations of the Company were cordial throughout the year under review.
Your directors wish to place on record their appreciation for the
services rendered by all Officers, Staff and Workmen of the Company.
Your Directors would also like to thank all the shareholders who have
reposed their confidence on the Company.
By the order of the Boardfor
P M TELELINNKS LIMITED
Date: 4th SEPTEMBER 2012 Sd/-
Place: Secunderabad (G.P.SURANA)
MANAGING DIRECTOR
Mar 31, 2010
The Directors hereby present ihr 30th Annual Report of the Company
together will the Audited Financial Statement of Accounts for the
period ended on 31st March 2010.
FINANCIAL RESULTS:
The performance during the year is as under
CURRENT PREVIOUS
YEAR YEAR
31.03.2010 31.03.2009
(Rs. in lakhs) (Rs. In lakhs)
Sales 0 0
Other income 34.20 13.92
Profit before Depreciation,
Interest and
Exceptional items 17.91 9.64
DEDUCT
Depreciation 0 0
Interest 0 0
Profit before tax, prior period and
extraordinary items 17.91 9.64
Prior period adjustments 0 0
Extraordinary items 0 0
Provision for taxation
(net of deferred tax adjustment) 0 0
Profit after tax 17.91 9.64
Income tax of earlier years 0 0
Surplus brought forward
from last year (2403.56) (2413.20)
Balance available for appropriation à Ã
APPROPRIATION
Proposed Dividend à -
Transfer from General Reserve
Balance c/f to Balance Sheet (2385.64) (2403.56)
OPERATIONAL AND FINANCIAL PERFORMANCE
Your Directors have to inform you that your Company has taken new
activities in real estate business and achieved a sale turnover of Rs
NIL,(Previous Year Rs.NIL Lacs) during the year under review as there
is no activity in the real estate sector. However your company is
trying its best to cope up with the situation.
FUTURE OUTLOOK:
The Company is looking for valuable open lands, Farm Houses for
Development and consequences sale to achieve.
FIXED DEPOSITS
Your Company has not accepted any deposits from the public for the year
under review within the meaning of Section 58A of the Companies Act,
1956 and the Rules made there under.
FINANCES
The Company has dismantled absolute machines and Industrial sheds and
also collected long outstanding dues from debtors and paid of to the
secured lender leaving the balance of NIL amount.
AUDITORS & AUDITORS REPORT
M/s.G.Ramamohan & Co. Chartered Accountants. Auditors of the company
will retire at the ensuing AGM of the Company and being eligible have
offered thomselves for reappointment for the year 2010-11. The members
are requested to consider their reappointment for the year 2010-11 on
such remuneration as determined by the board.
DIRECTORS RESPONSIBILITY STATEMENT
As required u/s 217 (2AA) of the Companies Act, 1956, you Directors
confirm that;
1. In preparation of Annual Financial Statement of Account for the
period ended 31" March 2010. the applicable accounting standards have
been followed along with proper explanation relating to material
departures.
2. 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 2009-2010 and the profit &
loss of the company tor that period.
3. Directors 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.
CONSTITUTION OF AUDIT COMMITTEE
In accordance with the provisions of Section 292 A of the Companies
Act, 1956 read with Clause 49 of Listing Agreement of the Stock
Exchanges, the Board of Directors
In accordance with the provisions of Section 292 A of the Companies
Act, 1956 read with Clause 49 of Listing Agreement of the Stock
Exchangee, the Board of Directors has constituted an Audit Committee
with the following members of the Board,
1. Sri Shyam Sunder Dey, Chairman
2. Sri G.P Swrana, Managing Director
3. Sri P. Chandra Mohan Director
The Audit Committee discharges its duties, performs its functions and
exercises its role in terms of provisions of Section 292 A of the
Companies Act, 1956 and Clause 49 of Listing Agreement of the Stock
Exchanges. The terms of reference of the Audit Committee are those as
are governed by the provisions of Section 292 A of the Companies Act,
1956 and Clause 49 of the Listing Agreement of the Stock Exchanges.
DIRECTORS
Sri P. Chandra Mohan who retires by rotation during the ensuing Annual
General Meeting and being eligible, offers himself for re-appointment.
It is in the best interests of the Company, your Board of Directors
commend for re-appoinlment of Sri R Chandra Mohan as a Director of the
Company.
STATUTORY INFORMATION
Information on Conservation of Energy. Technology Absorption, Foreign
Exchange Earnings and outgo as required to be disclosed 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,
are provided as an Annexure forming a part of this Report. Since the
manufacturing activities are suspended the compliance reports required
under section 271(1)(e) are no longer applicable to the company.
LISTING INFORMATION
The Equity Shares of your company are listed at the Mumbai Stock
Exchange. In terms of Clause 30 of Listing Agreement, the listing fees
for the financial year 2010-2011 have already been paid.
DEMATERIALISATION OF SHARES
As the members are aware, your companys shares are tradable
compulsorily in electronic form and your company Has established
connectivity with both the depositories viz. National Securities
Depository Limited (NSDL) and Central Depostiory Limited (CDSL). The
members are requested to dematerialize their physical holding in view
of various advantages of holding the sharesi n dematerialized form. The
company also follows the Transfer cum demat procedure lor quick
transfer and dematerealization of shares.
M/s Aarathi Consultants Private Limited, 1-2-285. Domalguda,Hyderabad,
a registered Depository Participant has been retained as Registrar and
Share Transfer Agent.
CORPORATE GOVERNANCE:
Your company has been practicing (ho principles of good Corporate
Governance over the years and the Board of Directors lays strong
emphasis on transparency, accountability and integrity. The Company has
taken adequate steps to ensure that the conditions of [corporate
Governance as in clause 49 of the listing agreements of the Stock
Exchanges are complied with. Further a report on Corporate Governance
and Auditors Certificate regarding compliance of the conditions of
Corporate Governance as stipulated under Clause 49 of the listing
agreement with Stock Exchanges is given in the Annual Report,
PARTICULARS OF EMPLOYEES
Information as required to be given under Section 217 (2A) of the
Companies Act, 1956, read with Companies (Particulars of the Employees)
Rules, 1975, has been provided as an Annexure, which form part of this
Report.
ACKNOWLEDGEMENTS
Your Directors convey their sincere gratitude and express their
appreciation for the assistance extended by Companys Bankers-Kotak
Mahindra Bank Limited, Indian Bank, and various agencies of State and
Central Governments for their continued support and guidance. The
industrial relations of the Company were cordial throughout the year
under review.
Your directors wish to place on record their appreciation for the
services rendered by all Officers, Staff and Workmen of the Company.
Your Directors would also like to thank all the shareholders who have
reposed their confidence on the Company.
By the order of the Board for
P M TELELINNKS LIMITED
Sd/-
(G.P.SURANA)
MANAGING DIRECTOR
Date : 2nd SEPTEMBER 2010
Place: Secunderabad
Mar 31, 2009
The Directors hereby present the 29th Annual Report of the Company
together with the Audited Financial Statement of Accounts for the
period ended on 31st March 2009.
FINANCIAL RESULTS:
The performance during the year is as under
CURRENT PREVIOUS
YEAR YEAR
31.03.2008 31.03.2009
(Rs. in lakhs) (Rs. In lakhs)
Sales 0 669.00
Other income 13.92 46.00
Profit before Depreciation,
Interest and Exceptional
items 9.70 475.00
DEDUCT
Depreciation 0 0
Interest 0 0
Profit before tax, prior period
and extraordinary items 0
Prior period adjustments 0 0
Extraordinary items 0 0
Provision for taxation
( net of deferred tax
adjustment) 0 0
Profit after tax 0 0
Income tax of earlier years 0 0
Surplus brought forward
from last year (2413.20) (2853.36)
Balance available for
appropriation - -
APPROPRIATION
Proposed Dividend - -
Transfer from General Reserve - -
Balance c/f to Balance Sheet (2403.56) (2413.20)
OPERATIONAL AND FINANCIAL PERFORMANCE
Your Directors have to inform you that your Company has taken new
activities in real estate business and achieved a sale turnover of Rs
NIL,(Previous Year Rs.669 Lacs) during the year under review as there
is no activity in the real estate sector. However your company is
trying its best to cope up with the situation.
FUTURE OUTLOOK:
The Company is looking for valuable open lands, Farm Houses for
Development and consequences sale to achieve .
FIXED DEPOSITS
Your Company has not accepted any deposits from the public for the year
under review within the meaning of Section 58A of the Companies Act,
1956 and the Rules made there under.
FINANCES
The Company has dismantled absolute machines and industrial sheds and
also collected long outstanding dues from debtors and paid of to the
secured lender leaving the balance of only Rs 274 Lacs amount.
AUDITORS & AUDITORS REPORT
M/s.Ramamohan & Co. Chartered Accountants, Auditors of the company will
retire at the ensuing AGM of the Company and being eligible have
offered themselves for reappointment for the year 2009-10. The members
are requested to consider their reappointment for the year 2009-10 on
such remuneration as determined by the board.
DIRECTORS RESPONSIBILITY STATEMENT
As required u/s 217 (2AA) of the Companies Act, 1956, you Directors
confirm that:
1. In preparation of Annual Financial Statement of Account for the
period ended 31ST March 2009, the applicable accounting standards have
been followed along with proper explanation relating to material
departures.
2. 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 2008-2009 and the profit &
loss of the company for that period.
3. Directors 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.
CONSTITUTION OF AUDIT COMMITTEE
In accordance with the provisions of Section 292 A of the Companies
Act, 1956 read with Clause 49 of Listing Agreement of the Stock
Exchanges, the Board of Directors has constituted an Audit Committee
with the following members of the Board
1. Sri Shyam Sunder Dey, Chairman
2. Sri G P Surana, Managing Director
3. Sri P. Chandra Mohan Rao, Director
The Audit Committee discharges its duties, performs its functions and
exercises its role in terms of provisions of Section 292 A of the
Companies Act, 1956 and Clause 49 of Listing Agreement of the Stock
Exchanges. The terms of reference of the Audit Committee are those as
are governed by the provisions of Section 292 A of the Companies Act,
1956 and Clause 49 of the Listing Agreement of the Stock Exchanges.
DIRECTORS
Sri Sham Sunder Dey who retires by rotation during the ensuing Annual
General Meeting and being eligible, offers himself for re-appointment.
It is in the best interests of the Company, your Board of Directors
commend for re-appointment of Sri Sham Sunder Dey as a Director of the
Company.
STATUTORY INFORMATION
Information on Conservation of Energy, Technology Absorption, Foreign
Exchange Earnings and outgo as required to be disclosed 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,
are provided as an Annexure forming a part of this Report. Since the
manufacturing activities are suspended the compliance reports required
under section 271(1 )(e) are no longer applicable to the company.
LISTING INFORMATION
The Equity Shares of your company are listed at the Mumbai Stock
Exchange. In terms of Clause 38 of Listing Agreement, the listing fees
for the financial year 2008-2009 have already been paid.
DEMATERIALISATTON OF SHARES
As the members are aware, your companys shares are tradable
compulsorily in electronic form and your company has established
connectivity with both the depositories viz. National Securities
Depository Limited (NSDL) and Central Depository Limited (CDSL). The
members are requested to dematerialize their physical holding in view
of various advantages of holding the shares in dematerialized form. The
company also follows the transfer cum demat procedure for quick
transfer and dematerialization of shares.
M/s Aarathi Consultants Private Limited, 1-2-285, Domalguda, Hyderabad,
a registered Depository Participant has been retained as Registrar and
Share Transfer Agent.
CORPORATE GOVERNANCE:
Your company has been practicing the principles of good Corporate
Governance over the years and the Board of Directors lays strong
emphasis on transparency, accountability and integrity. The Company
has taken adequate steps to ensure that the Your company has been
practicing the principles of good Corporate Governance over the years
and the Board of Directors lays strong emphasis on transparency,
accountability and integrity. The Company has taken adequate steps to
ensure that the conditions of corporate Governance as stipulated in
clause 49 of the listing agreements of the Stock Exchanges are complied
with. Further a report on Corporate Governance and Auditors Certificate
regarding compliance of the conditions of Corporate Governance as
stipulated under Clause 49 of the listing agreement with Stock
Exchanges is given in the Annual Report..
PARTICULARS OF EMPLOYEES
Information as required to be given under Section 217 (2A) of the
Companies Act, 1956, read with Companies (Particulars of the Employees)
Rules, 1975, has been provided as an Annexure, which form part of this
Report.
ACKNOWLEDGEMENTS
Your Directors convey their sincere gratitude and express their
appreciation for the assistance extended by Industrial Development Bank
of India and Companys Bankers-Kotak Mahindra Bank Limited, IDBI
Bank,Indian Bank,SBI and various agencies of State and Central
Governments for their continued support and guidance. The industrial
relations of the Company were cordial throughout the year under review.
Your directors wish to place on record their appreciation for the
services rendered by all Officers, Staff and Workmen of the Company.
Your Directors would also like to thank all the shareholders who have
reposed their confidence on the Company.
By the order of the Boardfor
P. M TELELINNKS LIMITED
Date: 2ND SEPTEMBER 2009 Sd/-
Place: Secunderabad (G.P.SURANA)
MANAGING DIRECTOR
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