Mar 31, 2014
Dear Members,
The Directors have pleasure in presenting the Nineteenth Annual Report
together with the Audited Accounts for the year ended 31st March, 2014.
FINANCIAL HIGHLIGHTS: ( Rs.)
Particulars Year ended Year ended
31 March, 2014 31 March, 2013
Revenue:
Revenue from operations 239,682,551 376,551,535
Other income 7,847,587 2,349,798
Total Revenue 247,530,138 378,901,333
Expenses
Cost of infra contract works - 216,082,831
Employee benefits expense 21,670,737 20,021,343
Selling and marketing expenses 134,552,052 23,744,814
Finance Cost 7,354 1,250,105
Depreciation and amortisation expense 32,096,011 30,300,513
Other expenses 10,879,181 8,851,862
Total Expenses 199,205,335 300,251,468
Profit / (loss) before extraordinary
items and tax 48,324,803 78,649,865
Loss on account of fire accident 58,513,552 -
Profit / (loss) before tax (10,188,749) 78,649,865
Tax expense:
- Current tax 1,021,339 10,495,768
- Deferred tax charge/(credit) (8,696,624) (8,834,211)
- MAT Credit (1,021,339) (4,050,053)
Profit / (Loss) for the year
before Minority Interest (1,492,125) 81,038,361
Less: Minority Interest (2) 2,731
Net Profit / (Loss) for the year (1,492,123) 81,035,630
Earnings per equity share
Basic / Diluted (0.07) 3.92
REVIEW OF OPERATIONS:
For the financial year ended March 31, 2014, your Company had reported
consolidated total revenue of Rs. 2475.30 Lakhs as against Rs. 3789.01
Lakhs during the previous financial year. The company recorded a net
loss of Rs. 14.92 lakhs as against net profit of Rs. 810.36 lakhs
during the previous financial year. The reason for the loss in the
financial year is due to loss on account of fire accident occurred on
10th February, 2014 at the company''s the then registered office to the
tune of Rs.585.13 Lakhs. Otherwise the net profit would be Rs. 570.21
lakhs.
Attention of Members is drawn to an extensive damage caused by the
Major Fire Accident due to short circuit at the then Registered Office
of the Company situated at "Kartheek House", No.8-2-293/174/A25, Ground
& First Floor, Road No.14, Banjara Hills, Hyderabad 500034 Andhra
Pradesh, India, which completely destroyed the Physical Records,
Registers and Other documents upto 10.2.2014 and also affected the Data
Processing Equipment, including Computers and Servers placed in that
Registered Office. The Company has taken steps for recovering the data
from the Backup systems.
DIRECTORS:
In accordance with Section 149, 150, 152 & other applicable provisions
if any of the Companies Act, 2013 Mr Dasi Emmanuel, Director of the
company retires by rotation at the ensuing Annual General Meeting and
being eligible, offers himself for re-appointment.
Mr Vivek Kumar Ratakonda, Mr Venkata Surya Subrahmanya Lakshminarayana
Dronamraju and Mr Arumilli
Veerabhadra Rao Independent Directors of the Company be and are hereby
appointed for a period of block of 5 years not liable to retire by
rotation.
AUDITORS:
The Statutory Auditors, M/s Sarath and Associates, Chartered
Accountants, retire at this Annual General Meeting. The Board of
Directors pursuant to provisions of Section 139 and other if any of the
Companies Act 2013 read with Rules made thereunder recommends
appointment of M/s Sarath and Associates, as Statutory Auditors of the
Company for a period of block of four years from conclusion of this
annual general meeting till the conclusion of 23rd annual general
meeting in the calendar year 2018.
PUBLIC DEPOSITS:
The Company has not accepted any deposits within the meaning of
Companies Act, 2013 and the rules framed there under.
PARTICULARS OF EMPLOYEES:
None of the employees are in receipt of the remuneration as set out
under Companies Act 2013 read with Rules made there under and as such
the statement as required under the Companies Act, 2013 is not
applicable.
SUBSIDIARIES
Your Company has one wholly owned subsidiary namely Stampede Cloud
Services Private Limited.
The Ministry of Corporate Affairs has issued a General Circular
No.:2/2011 dated February 8,2011 granting a general exemption to the
companies stating the provisions of section 212 of the Companies
Act,1956 (Act")"shall not apply in relation to subsidiaries of
companies subject to the company fulfilling certain conditions stated
in the said circular. The Company is in compliance with the conditions
stipulated by the Ministry of Corporate Affairs, therefore, the
accounts and related reports of the subsidiary companies are not
attached to Annual Report of the company for the year ended March 31,
2014. The Company will make available the accounts related information
of the subsidiary companies upon request by any member/investor of the
Company or its subsidiaries. Further, the accounts and related
information of the subsidiary companies will be kept open for
inspection by any Member, at the registered office of the Company and
at the registered office of the subsidiaries during office hours of the
Company.
EMPLOYEE STOCK OPTION PLANS
Disclosures in accordance with Clause 12 of SEBI (Employee Stock Option
Scheme and Employee Stock Purchase Scheme) Guidelines 1999 are provided
in the Annexure ''A'' forming part of this report.
LISTING OF SHARES
The shares of the company are listed on Bombay Stock Exchange Limited
(BSE). The listing fee for the year 2014-15 has already been paid to
the BSE.
CORPORATE GOVERNANCE:
In accordance with Clause 49 of the Listing Agreement, a report on
Corporate Governance along with the Practicing Company Secretary
Certificate on compliance of conditions of Corporate Governance is
annexed herewith and forms part of this report.
DIRECTORS'' RESPONSIBILITY STATEMENT
In compliance to the provisions of Section 134(3)(c) of the Companies
Act, 2013 your Directors confirm the following:
a. in the preparation of the annual accounts, the applicable
accounting standards had been followed along with proper explanation
relating to material departures;
b. the 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 financial year and of the profit and
loss of the company for that period;
c. the 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;
d. the directors had prepared the annual accounts on a going concern
basis; and
e. 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;
f. 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.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARINGS
AND OUTGO:
The particulars as required under section 134(3)(m) of the Companies
Act 2013 read with Rules made there under if any are provided in the
Annexure B forming part of this report.
ACKNOWLEDGEMENTS:
Your Directors thank all the members, banks and regulatory and
governmental authorities for their continued support. We take this
opportunity to place on record our sincere thanks to out Bankers, State
and Central Government agencies for their timely support, co-operation
and valuable guidance.
Conservation of Energy: The Company uses electric energy for its
operations such as air conditioner, computer terminals, lighting and
utilities in the work premises. All possible measures have been taken
to conserve the energy.
Research and Development: Your Company has a modern R&D facility with a
state-of-the-art Technology centre working on various R&D project.
Technology absorption, Adaptation and Innovation: Your Company
continues to use state-of-art technology for improving the productivity
and quality of its products and services. To create adequate
infrastructure, the company continues to invest in the latest hardware
and software
For and on behalf of the Board
Sd/-
Place : Hyderabad Venkat Srinivas Meenavalli
Date : 12-07-2014 Chairman & Managing Director
Mar 31, 2013
Dear Members,
The Directors have pleasure in presenting the Eighteenth Annual Report
together with the Audited Accounts for the year ended 31st March, 2013.
FINANCIAL HIGHLIGHTS: ( Rs.)
Particulars Year ended 31 Year ended
March, 2013 31 March, 2012
Revenue:
Revenue from Operations 376,551,535 61,624,235
Other income 2,349,798 1,079,696
Total Revenue 378,901,333 62,703,931
EXPENDITURE:
Cost of Securities traded - 15,859,085
Cost of Infra Contract Works 216,082,831 -
Employee benefits expense 20,021,343 14,955,646
Selling and Marketing expenses 23,744,814 -
Finance costs 1,250,105 2,456,972
Depreciation and amortization expense 30,300,513 25,957,047
Other expenses 8,851,862 15,268,092
Total 300,251,468 74,496,842
Profit/(Loss) Before Tax 78,649,865 (11,792,911)
Less: Tax Expense (2,388,496) 3,015,556
Profit/(Loss) After Tax 81,038,361 (14,808,467)
Earnings / (Loss) per equity share
- Basic/Diluted 3.92 (0.92)
REVIEW OF OPERATIONS:
For the financial year ended March 31, 2013, your Company had reported
consolidated total income of Rs. 3789.01 Lakhs as against Rs. 627.04
Lakhs during the previous financial year. The company recorded a net
profit of Rs. 810.38 lakhs as against net loss Rs. 148.08 lakhs during
the previous financial year.
DIRECTORS:
In accordance with Section 256 of the Companies Act, 1956 Mr A
Veerabhadra Rao and Mr Shaik Gouse, Directors of the company retires by
rotation at the ensuing Annual General Meeting and being eligible,
offers themselves for re-appointment.
Mr Vivek Kumar Ratakonda, as appointed as Additional Director with
effect from 15.11.2012 and the Board commends for passing of the
respective resolution proposed in the Notice of the Annual General
Meeting.
AUDITORS:
The Statutory Auditors, M/s Sarath and Associates, Chartered
Accountants, retire at this Annual General Meeting. The Board of
Directors recommends appointment of M/s Sarath and Associates, as
Statutory Auditors of the Company for the financial year 2013-14.
PUBLIC DEPOSITS:
The Company has not accepted any deposits within the meaning of Section
58A of the Companies Act, 1956 and the rules framed there under.
PARTICULARS OF EMPLOYEES:
None of the employees are in receipt of the remuneration as set out
under Section 217(2A) of the Companies Act, 1956 and as such the
statement as required under Section 217(2A) of the Companies Act, 1956
is not applicable.
SUBSIDIARIES
Your Company has two wholly owned subsidiaries viz. Stampede Cloud
Services Private Limited and Stampede Infra and Properties Private
Limited in India.
The Ministry of Corporate Affairs has issued a General Circular
No.:2/2011 dated February 8,2011 granting a general exemption to the
companies stating the provisions of section 212 of the Companies
Act,1956 (Act")"shall not apply in relation to subsidiaries of
companies subject to the company fulfilling certain conditions stated
in the said circular. The Company is in compliance with the conditions
stipulated by the Ministry of Corporate Affairs, therefore, the
accounts and related reports of the subsidiary companies are not
attached to Annual Report of the company for the year ended March 31,
2013. The Company will make available the accounts related information
of the subsidiary companies upon request by any member/investor of the
Company or its subsidiaries. Further, the accounts and related
information of the subsidiary companies will be kept open for
inspection by any Member, at the registered office of the Company and
at the registered office of the subsidiaries during office hours of the
Company.
EMPLOYEE STOCK OPTION PLANS
Disclosures in accordance with Clause 12 of SEBI (Employee Stock Option
Scheme and Employee Stock Purchase Scheme) Guidelines 1999 are provided
in the Annexure ''A'' forming part of this report.
LISTING OF SHARES
The shares of the company are listed on Bombay Stock Exchange Limited
(BSE). The listing fee for the year 2013-14 has already been paid to
the BSE.
CORPORATE GOVERNANCE:
In accordance with Clause 49 of the Listing Agreement, a report on
Corporate Governance along with the Practicing Company Secretary
Certificate on compliance of conditions of Corporate Governance is
annexed herewith and forms part of this report.
DIRECTORS'' RESPONSIBILITY STATEMENT
In compliance to the provisions of Section 217(2AA) of the Companies
Act, 1956, your Directors confirm the following:
(i) that in the preparation of the Annual Accounts, the applicable
accounting standards have been followed and no material departures have
been made from the same;
(ii) that the 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 financial year and of the
profit or loss of the company for that period;
(iii) that the directors have 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;
(iv) that the directors have prepared the annual accounts on a going
concern basis.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARINGS
AND OUTGO:
The particulars as required under section 217(1)(e) of the Companies
Act 1956 read with Companies (Disclosure of Particulars in the report
of Board of Directors) Rules, 1988 are provided in the Annexure B
forming part of this report.
ACKNOWLEDGEMENTS:
Your Directors thank all the members, banks and regulatory and
governmental authorities for their continued support. We take this
opportunity to place on record our sincere thanks to out Bankers, State
and Central Government agencies for their timely support, co-operation
and valuable guidance.
For and on behalf of the Board
Place : Hyderabad Venkat Srinivas Meenavalli
Date : 07.09.2013 Chairman & Managing Director
Mar 31, 2011
TO THE MEMBERS OF STAMPEDE CAPITAL LIMITED
The Directors have pleasure in presenting the Sixteenth Annual Report
together with the Audited Accounts for the year ended 31st March, 2011.
Financial Highlights:
Particulars Year ended Year ended
2011 2010
Rs. Rs.
INCOME:
Securities Traded 14,318,090 127,756,617
Income from Securities Broking 368,200 623,262
Other Income 1,072,703 818,454
Total 15,758,993 129,198,333
EXPENDITURE:
Cost of Securities Traded 14,440,340 127,676,453
Employees Cost 145,394 4,283,947
Administrative and other 4,800,213 5,076,786
expenses
Interest 569,491 183,673
Depreciation 419,739 339,999
Total 20,375,177 137,560,858
Profit/(Loss) Before Tax (4,616,184) (8,362,522)
Less: Tax Expense - -
Profit/(Loss) After Tax (4,616,184) (8,362,525)
Loss brought forward from (44,273,312) (35,910,787)
earlier years
Loss carried forward to (48,889,496) (44,273,312)
balance sheet
Earnings / (Loss) per share (0.88) (1.64)
Basic/Diluted
REVIEW OF OPERATIONS:
For the financial year ended March 31, 2011, your Company had reported
a total income of Rs. 157.59 Lakhs as against Rs. 1291.98 Lakhs during
the previous financial year. The company recorded a net loss of
Rs.46.16 Lakhs as against net loss Rs 83.62 Lakhs during the previous
financial year.
DIRECTORS:
In accordance with Section 256 of the Companies Act, 1956 Mr. A.
Veerabhadra Rao, Mr. K. Bhaskara Reddy, Directors of the company
retires by rotation at the ensuing Annual General Meeting and being
eligible, offers themselves for re- appointment. During the period, Mr.
G. Venkatappaiah was resigned from the Board with effect from 22nd
July, 2011.
The following Directors were appointed as Additional Directors with
effect from 22nd July, 2011.
1. Mr. G. Linga Murthy
2. Mr. K. Avinash
3. Mr. D. Emmanuel and
Mr. G. Linga Murthy and Mr. K. Avinash were appointed as Whole Time
Directors of the Company with effect from 22nd July 2011.
Board commends for passing of the respective resolutions proposed in
the Notice of the Annual General Meeting.
AUDITORS:
The Statutory Auditors, M/s Sarath and Associates, Chartered
Accountants, retire at this Annual General Meeting. The Board of
Directors recommends appointment of M/s Sarath and Associates, as
Statutory Auditors of the Company for the financial year 2011-12.
PUBLIC DEPOSITS:
The Company has not accepted any deposits within the meaning of Section
58A of the Companies Act, 1956 and the rules framed there under.
PARTICULARS OF EMPLOYEES:
None of the employees are in receipt of the remuneration as set out
under Section 217(2A) of the Companies Act, 1956 and as such the
statement as required under Section 217(2A) of the Companies Act, 1956
is not applicable.
LISTING OF SHARES
The shares of the company are listed on Bombay Stock Exchange Limited
(BSE). The listing fee for the year 2010-11 has already been paid to
the BSE. During the year the Company has made a Allotment of 540,570
Equity Shares of Rs.10 each on preferential basis and obtained the
necessary approvals as necessary in this regard.
SCHEME OF ARRANGEMENT
Your company has approved the Scheme of Arrangement between the Company
and Stampede Holdings Limited in the Extraordinary General Meeting held
on 09.04.2011 which was approved by the Hon'ble High Court of Andhra
Pradesh on 19th June.2011. Pursuant to the Scheme of arrangement
1,50,00,000 equity shares of the Company were issued and allotted to
the shareholders of Stampede Holdings Limited on 22nd July 2011. The
provisions of all applicable laws are being complied with in respect of
the Scheme of Arrangement.
CHANGE OF NAME
During the year the name of the Company was changed from Brilliant
Securities Limited to Stampede Capital Limited and obtained Fresh
Certificate of Incorporation consequent upon change of name, from
Registrar of Companies, Andhra Pradesh, Hyderabad on July 19, 2011.
CORPORATE GOVERNANCE:
In accordance with Clause 49 of the Listing Agreement, a report on
Corporate Governance along with the Practicing Chartered Accountant
Certificate on compliance of conditions of Corporate Governance is
annexed herewith and forms part of this report.
DIRECTORS' RESPONSIBILITY STATEMENT
In compliance to the provisions of Section 217(2AA) of the Companies
Act, 1956, your Directors confirm the following:
(i) that in the preparation of the Annual Accounts, the applicable
accounting standards have been followed and no material departures have
been made from the same;
(ii) that the 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 financial year and of the
profit or loss of the company for that period;
(iii) that the directors have 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;
(iv) that the directors have prepared the annual accounts on a going
concern basis.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARINGS
AND OUTGO:
The company has no activities relating to Conservation of Energy,
Technology Absorption. The company has no Foreign Exchange earnings and
Outgo during the year under review.
ACKNOWLEDGEMENTS:
Your Directors thank all the members, banks and regulatory and
governmental authorities for their continued support. We take this
opportunity to place on record our sincere thanks to out Bankers, State
and Central Government agencies for their timely support, co-operation
and valuable guidance.
For and on behalf of the Board
G. Linga Murthy K. Avinash
Executive Director Whole Time Director
Place: Hyderabad
Date: 02.09.2011
Mar 31, 2010
The Directors have pleasure in presenting the Fifteenth Annual Report
together with the Audited Accounts for the year ended 31 stMarch, 2010.
Financial Highlights:
Particulars Year ended Year ended
2010 2009
Rs. Rs.
Income:
Securities Traded 127,756,617 --
Income from Securities Broking 623,262 --
Other Income 818,454 738,159
Total 129,198,333 738,159
Expenditure:
Cost of Securities Traded 127,676,453 --
Employees Cost 4,283,947 988,081
Administrative and other 5,076,786 3,006,153
expenses
Interest 183,673 --
Depreciation 339,999 245,137
Total 137,560,858 4,239,371
Pnofit/(Loss) Before Tax (8,362,522) (3,501,212)
Less: Tax Expense - 3,186
(Fringe Benefit Tax)
Profit/(loss) After Tax (8,362,525) (3,504,398)
Loss brought forward from (35,910,787) (32,406,389)
earlier years
Loss carried forward to (44,273,312) (35,910,787)
balance sheet
Earnings / (Loss) per share
Basic/Diluted (1.64) (0.69)
Review of Operations:
For the financial year ended March 31, 2010, your Company had reported
a total income of Rs. 1291.98 Lacs as against Rs. 7.38 Lacs during the
previous financial year. The company recorded a net loss of Rs. 83.62
lacs as against net loss Rs
1 35.04 lacs during the previous financial year.
Directors:
In accordance with Section 256 of the Companies Act, 1956 Mr.D.V.S.S.
Lakshminarayana, Director of the company retires by rotation at the
ensuing Annual General Meeting and being eligible, offers himself for
re-appointment.
Auditors:
The Statutory Auditors, M/s Sarath and Associates, Chartered
Accountants, retire at this Annual General Meeting. The Board of
Directors recommends appointment of M/s Sarath and Associates, as
Statutory Auditors of the Company for the financial year 2010-11.
Public Deposits:
The Company has not accepted any deposits within the meaning of Section
58A of the Companies Act, 1956 and the rules framed there under.
Particulars of Employees:
None of the employees are in receipt of the remuneration as set out
under Section 217(2A) of the Companies Act, 1956 and as such the
statement as required under Section 217(2A) of the Companies Act, 1956
is not applicable.
Listing of Shares:
The shares of the company are listed on Bombay Stock Exchange Limited
(BSE). The listing fee for the year 2010-11 has already been paid to
the BSE.
Corporate Governance:
In accordance with Clause 49 of the Listing Agreement, a report on
Corporate
Governance along with the Practicing Chartered Accountant Certificate
on compliance of conditions of Corporate Governance is annexed herewith
and forms part of this report.
Directors Responsibility Statement
In compliance to the provisions of Section 217(2AA) of the Companies
Act, 1956, your Directors confirm the following:
(i) that in the preparation of the Annual Accounts, the applicable
accounting standards have been followed and no material departures have
been made from the same;
(ii) that the 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 financial year and of the
profit or loss of the company for that period;
(iii) that the directors have 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;
(iv) that the directors have prepared the annual accounts on a going
concern basis.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
EARNINGS AND OUTGO:
The company has no activities relating to Conservation of Energy,
Technology Absorption. The company did not have any Foreign Exchange
earnings and Outgo during the year under review.
Acknowledgements:
Your Directors thank all the members, banks and regulatory and
governmental authorities for their continued support. We take this
opportunity to place on record our sincere thanks to out Bankers, State
and Central Government agencies for their timely support, co-operation
and valuable guidance.
For and on behalf of the Board
G. Venkatappaiah K.Bhaskara Reddy
Whole time Director Director
Place: Hyderabad
Date : 01.12.2010