Mar 31, 2014
Dear Members,
The Directors of your Company are pleased to present the Audited
Financial Statements of the Company for the financial year ended on
31st March, 2014.
Financial Results
The financial Results of the Company are summarized below:
(Amount in Lacs)
Particulars Financial Financial
year year
2013-2014 2012-2013
Total Revenue 520.91 381.01
Profit before Depreciation 383.27 244.62
Less: Depreciation 39.69 34.33
Profit before Tax 343.58 210.29
Provision for Tax(Net) 49.62 58.55
Profit after Tax 293.96 151.74
Transfer to Statutory Fund 58.79 30.35
Dividend
Keeping in view of the fund requirements of the Company and business
scenario, your Board proposes to plough back the profits in business of
the Company and create reserve for the Company. As a matter of this,
your board does not recommend any dividend for the financial year
2013-14.
Directors
During the Financial Year 2013-14, there is no change in the
directorship of the Company. Mr. Ram Babu Goyal has resigned from the
post of director of the Company w.e.f. 11/08/2014. The Board of
Directors placed on record its sincere appreciation to the contribution
rendered by him towards the growth of the Company during their
association with the Company
Proposals for the re-appointment of Mrs. Preeti Agarwal as Managing
Director, Mrs. Priyanka Agarwal as Whole Time Director, Mr. Ganesh Dass
Agarwal and Mr. Kishan Behari Jain as Independent Directors have been
included in the Notice of the Annual General Meeting for your approval.
Deposits
The Company has not accepted any fixed deposits from the Shareholders/
public during the year under review within the meaning of Section 58A
of the Companies Act, 1956.
Investment
At the end of the year under review, your Company has invested total
amount of Rs. 221.56 lacs in both, trade and non-trade investment.
Auditors
M/s P. R. Kumar & Co., Chartered Accountants, Statutory Auditors of the
Company holds office until the conclusion of this ensuing Annual
General Meeting and are eligible for re- appointment. M/s P. R. Kumar &
Co., the Statutory Auditors, have given their consent for
re-appointment under section 139(1) of the Companies Act, 2013 and
rules framed thereunder and furnished a certificate of their
eligibility as prescribed under the provisions of section 141 of the
Companies Act, 2013. The members are requested to approve their
re-appointment as statutory Auditors of the Company for a period of 3
(three) consecutive years, from the conclusion of ensuing Annual
General Meeting till the conclusion of the 32nd Annual General Meeting
of the Company to be held for the financial year 2016-17, subject to
annual ratification by the members at every Annual General Meeting in
accordance with the provisions of Section 139 of the Companies Act,
2013 and rules made thereunder and to fix their remuneration.
Corporate Governance
Pursuant to Clause 49 of the Listing Agreement with the Stock Exchange,
Report on Corporate Governance and Compliance Certificate on Corporate
Governance (Annexure 1) and Management Discussion and Analysis Report
(Part of the annexure 1) are annexed and form an integral part of this
Report.
Auditors' Report
The Auditors' Report along with Notes on Accounts are Self-explanatory
and therefore, do not call for any further comments or explanation.
Directors' Responsibility Statements
Pursuant to the requirement of Section 217(2AA) of the Companies Act,
1956 with respect to Directors' Responsibility Statements, it is hereby
confirmed:
i) that in preparation of the Annual Accounts for the financial year
ended 31st March, 2014, the applicable accounting standards had been
followed along with proper explanation relating to material departures;
ii) that the directors had selected such accounting policies and
applied them consistently and made judgments and estimates that were
reasonable and prudent so as to give a true and fair view of the state
of affairs of your Company at the end of the financial year and of the
profit of your Company for that period;
iii) that the directors had 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;
iv) that the directors had prepared the Annual Accounts for the
financial year ended 31st March, 2014 on a "going concern basis."
Energy Conservation, Technology Absorption, Foreign Exchange Earning
and Outgo
Information on conservation of energy, technology absorption, foreign
exchange earning and outgo required to be given pursuant to Section
217(1)(e) of the Companies Act, 1956, read with the Companies
(Disclosures of particulars in the Report of the Board of Directors)
Rules 1988 is mentioned below:
i) Conservation of Energy
Being Finance & Investment Company, this clause is not applicable for
the Company.
ii) Technology Absorption
The prescribed Form-B is not applicable to the Company.
iii) Foreign Exchange earning and outgo
Total Foreign Exchange Earning and Outgo.
Earnings: Nil
Outgo: Rs. 247,970/-
Particulars of Employees
During the year under review there are no employees whose particulars
are required to be disclosed pursuant to Section 217(2A) of the
Companies Act, 1956, read with the Companies (Particulars of Employees)
Rules 1975.
Employees
Employee's relations continue to be cordial during the year.
Acknowledgements
Your Directors wish to record their sincere gratitude for our valued
Business associates for the continuous co-operation, support and
assistance extended by them. We place on record our appreciation of the
commitment, dedication and hard work put in by employees of the
Company. We also thank our members for the continued support received
from them.
For and on behalf of the Board
Preeti Agarwal
Chairman & Managing Director
(DIN: 00011450)
J-15, Hauz Khas Enclave,
New Delhi-110016
Place: New Delhi
Date: 11th August, 2014
Mar 31, 2013
Dear Members,
The Directors of your Company are pleased to present the Annual Report
together with the Audited Statement of Profit & Loss Accounts of the
Company for the financial year ended 31st March, 2013.
Financial Results
The financial Results of the Company are summarized below:
(Amount in Lacs)
Particulars Financial Financial
year year
2012-2013 2011-2012
Total Revenue 381.01 277.20
Profit before Depreciation 244.61 175.10
Less: Depreciation 34.33 27.82
Profit before Tax 210.28 147.28
Provision for Tax(Net) 58.54 40.94
Profit after Tax 151.74 106.34
Transfer to Statutory Fund 30.35 21.27
Dividend
Keeping in view of the fund requirements of the Company and business
scenario, your Board proposes to plough back the profits in business of
the Company and create reserve for the Company. As a matter of this,
your board does not recommend any dividend for the financial year
2012-13.
Directors:
Mr. Ram Babu Goyal and Mr. Ganesh Dass Agarwal, Directors of the
Company, would retire by rotation at the forthcoming Annual General
Meeting of the Company. Proposals for their reappointment have been
included in the Notice of the Annual General Meeting for your approval.
Fixed Deposits
The Company has not accepted any fixed deposits from the Shareholders/
public during the year under review within the meaning of Section 58A
of the Companies Act, 1956.
Investment
At the end of the year under review your company has invested total
amount of Rs. 222.98 lacs in both, trade and non trade investment.
Auditors
M/s P. R. Kumar & Co., Statutory Auditors of the Company will retire at
the ensuing Annual General Meeting and being eligible for
re-appointment, you are requested to approve their reappoint as
statutory Auditors and to fix their remuneration at the forthcoming
Annual General Meeting.
Corporate Governance
Pursuant to Clause 49 of the Listing Agreement with the Stock Exchange,
Report on Corporate Governance and Compliance Certificate on Corporate
Governance (Annexure 1) and Management Discussion and Analysis Report
(Part of the annexure 1) are annexed and form an integral part of this
Report.
Auditors' Report
The Auditors' Report along with Notes on Accounts are Self-explanatory
and therefore, do not call for any further comments or explanation.
Directors' Responsibility Statements
Pursuant to the requirement of Section 217(2AA) of the Companies Act,
1956 with respect to Directors' Responsibility Statements, it is hereby
confirmed:
i) that in preparation of the Annual Accounts for the financial year
ended 31st March, 2013, the applicable accounting standards had been
followed along with proper explanation relating to material departures;
ii) that the directors had selected such accounting policies and
applied them consistently and made judgments and estimates that were
reasonable and prudent so as to give a true and fair view of the state
of affairs of your Company at the end of the financial year and of the
profit of your Company for that period;
iii) that the directors had 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;
iv) that the directors had prepared the Annual Accounts for the
financial year ended 31st March, 2013 on a "going concern basis."
Energy Conservation. Technology Absorption, Foreign Exchange Earning
and Outgo
Information on conservation of energy, technology absorption, foreign
exchange earning and outgo required to be given pursuant to Section
217(l)(e) of the Companies Act, 1956, read with the Companies
(Disclosures of particulars in the Report of the Board of Directors)
Rules 1988 is mentioned below:
i) Conservation of Energy
Being Finance & Investment Company, this clause is not applicable for
the Company.
ii) Technology Absorption
The prescribed form-B is not applicable to the Company.
iii) Foreign Exchange earning and outgo
Total Foreign Exchange Earning and Outgo.
Earnings: Nil
Outgo: Rs.142,701
Particulars of Employees
During the year under review there are no employees whose particulars
are required to be disclosed pursuant to Section 217(2A) of the
Companies Act, 1956, read with the Companies (Particulars of Employees)
Rules 1975.
Employees
Employee's relations continue to be cordial during the year.
Acknowledgements
Your Directors wish to record their sincere gratitude for our valued
Business associates for the continuous co-operation, support and
assistance extended by them. We place on record our appreciation of the
commitment, dedication and hard work put in by employees of the
Company. We also thank our members for the continued support received
from them.
For and on behalf of the Board
Preeti Agarwal
Chairman & Managing Director
(DIN: 00011450)
Place: New Delhi
Date: 29th May, 2013
Mar 31, 2012
Dear Members,
The Directors of your Company are pleased to present the Annual Report
together with the Audited Statement of Accounts of the Company for the
financial year ended 31st March, 2012.
Financial Results
The financial Results of the Company are summarized below:
(Amount in Lacs)
Particulars Financial Financial
year year
2011-2012 2010-2011
Total Revenue 277.20 185.61
Profit before Depreciation 175.10 81.97
Less: Depreciation 27.82 27.70
Profit before Tax 147.28 54.27
Provision for Tax(Net) 40.94 12.40
Profit after Tax 106.34 41.87
Transfer to Statutory Fund 21.27 8.37
Dividend
Keeping in view of the fund requirements of the Company and business
scenario, your Board proposes to plough back the profits in business of
the Company and create reserve for the Company. As a matter of this,
your board does not recommend any dividend for the financial year
2011-12.
Directors:
Mr. Kishan Behari Jain and Mr. Ganesh Dass Agarwal, Directors of the
Company, would retire by rotation at the forthcoming Annual Genera!
Meeting of the Company. Proposals for their reappointment have been
included in the Notice of the Annual General Meeting for your approval.
Fixed Deposits
The Company has not accepted any fixed deposits from the Shareholders/
public during the year under review within the meaning of Section 58A
of the Companies Act, 1956.
Investment
At the end of the year under review your company has invested total
amount of Rs. 622.98 lacs in both, trade and non trade investment.
Auditors
M/s P, R. Kumar & Co., Statutory Auditors of the Company will retire at
the ensuing Annual General Meeting and being eligible for
re-appointment, you are requested to approve their reappoint as
statutory Auditors and to fix their remuneration at the forthcoming
Annual General Meeting.
Corporate Governance
Pursuant to Clause 49 of the Listing Agreement with the Stock Exchange,
Report on Corporate Governance and Compliance Certificate on Corporate
Governance (Annexure 1) and Management Discussion and Analysis Report
(Part of the annexure 1) are annexed and form an integral part of this
Report.
Auditors' Report
The Auditors' Report along with Notes on Accounts are Self-explanatory
and therefore, do not call for any further comments or explanation.
Directors' Responsibility Statements
Pursuant to the requirement of Section 217(2AA) of the Companies Act,
1956 with respect to Directors' Responsibility Statements, it is hereby
confirmed:
i) that in preparation of the Annual Accounts for the financial year
ended 31st March, 2012, the applicable accounting standards had been
followed along with proper explanation relating to material departures;
ii) that the directors had selected such accounting policies and
applied them consistently and made judgments and estimates that were
reasonable and prudent so as to give a true and fair view of the state
of affairs of your Company at the end of the financial year and of the
profit of your Company for that period;
iii) that the directors had 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;
iv) that the directors had prepared the Annual Accounts for the
financial year ended 31st March, 2012 on a "going concern basis."
Energy Conservation, Technology Absorption, Foreign Exchange Earning
and Outgo
Information on conservation of energy, technology absorption, foreign
exchange earning and outgo required to be given pursuant to Section
217(l)(e) of the Companies Act, 1956, read with the Companies
(Disclosures of particulars in the Report of the Board of Directors)
Rules 1988 is mentioned below:
i) Conservation of Energy
Being Finance & Investment Company, this clause is not applicable for
the Company.
ii) Technology Absorption
The prescribed form-B is not applicable to the Company.
iii) Foreign Exchange earning and outgo
Total Foreign Exchange Earning and Outgo.
Earnings: Nil
Outgo: Rs.2,54,3 86/-
Particulars of Employees
During the year under review there are no employees whose particulars
are required to be disclosed pursuant to Section 217(2A) of the
Companies Act, 1956, read with the Companies (Particulars of Employees)
Rules 1975.
Employees
Employee's relations continue to be cordial during the year.
Acknowledgements
Your Directors wish to record their sincere gratitude for our valued
Business associates for the continuous co-operation, support and
assistance extended by them. We place on record our appreciation of the
commitment, dedication and hard work put in by employees of the
Company. We also thank our members for the continued support received
from them.
For and on behalf of the Board
For Surya India Limited
Preeti Agarwal
Chairman & Managing Director
(DIN: 00011450)
Place: New Delhi
Date: 03rd September, 2012
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