Mar 31, 2014
Dear Members,
The Directors have pleasure in submitting their 31th Annual Report
with the audited accounts for the year ended March 31,2014.
(Amount in Rupees.)
Financial data results 2013-14 2012-13
Total Income 199611 36911
Total Expense 199995 125715
Depreciation & Amortization Expenses N.A. N.A.
Profit /(Loss) before tax (PBT) (385) (88804)
Net Profit / (Loss) after Tax (PAT) (385) (88804)
Performance Review 2013-14:
During the year under review, the Company has incurred a net loss of
Rs. 385/- as against net loss of Rs. 88804/- for the previous year.
Dividend:
In view of the losses incurred, your Directors regret their inability
to declare any dividend.
Auditors And Auditors Observations:
M/s. Shankarlal Jain and Associates, Chartered Accountants, the
Statutory Auditors of the Company retire at the ensuing Annual General
Meeting and in their place M/s. R. Sundaresan Aiyar & Co, Chartered
Accountants, be appointed as a Statutory Auditors of the company, the
remuneration to be determined by the Board of Director of the Company.
With regard to the Auditors observations, the same have been duly
explained in the notes, hence does not require any further
clarification.
Secretarial Compliance Certificate:
The Secretarial Compliance Certificate issued by a practicing Company
Secretary pursuant to Section 383A of the Companies Act 1956 read with
Rule 3 of Companies (Compliance Certificate) Rule, 2001 is annexed to
this Report.
Directors Responsibility Statement:
Pursuant to Section 217(2AA) of the Companies Act, 1956, the Directors
to the best of their knowledge and belief confirm that:
I) The applicable standards have been followed in the preparation of
the annual accounts and there are no material departure;
ii) The Directors have selected such accounting policies and applied
them consistently and made judgments and estimates that are reasonable
and prudent so as to give a true and fair view of the state of affairs
of the company as at March 31, 2014 and the loss of the company for the
year ended on that date.
iii) The 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; and
iv) The Directors have prepared the Annual Accounts ofthe Company on a
going concern basis.
Particulars as per section 217(2A) of The Companies Act, 1956:
Information as per Section 217(2A) of the Companies Act, 1956 read with
the Companies (Particulars of Employees) Rules, 1975: None of the
employees of your Company was in receipt of remuneration in excess of
the limits prescribed in the Companies (particulars of employees)
Rules, 1975 during the year and accordingly above Rules is not
applicable.
Conservation of Energy, Research & Development, Technology absorption,
Foreign exchange Earnings and Outgo:
This information is required as per section 217(1) (e) ofthe companies
Act, 1956 read with Companies (Disclosure of Particulars in the Report
of the Board of Directors) Rules, 1988 and forming part ofthe
Directors'' Report for the year ended March 31,2014
Since the company operations involve low consumption of energy the
company has no comments to offer as far as (a) conservation of energy
and (b) Technology absorptions are concerned.
Foreign Exchange:
The foreign exchange earnings and foreign exchange expenditure during
the period under consideration was Nil.
Acknowledgements:
The Directors place on record its deep appreciation for the dedicated
services of the executives and staff at all levels of the Company.
Grateful thanks are also due to Company''s Bankers, Statutory
Authorities, its patrons and all organizations connected with the
Company. Shareholders appreciation ofthe managements efforts at the
General Meetings ofthe Company and otherwise, is a great fillip to
strive for better performance year after year.
Place: Mumbai For and on behalf of the Board
Dated: 15th May, 2014 For W W TECHNOLOGY HOLDINGS LIMITED
Paresh Mulji Kariya
Chairman
DIN:00215937
Mar 31, 2010
The Directors have pleasure in submitting their 27th Annual Report
with the audited accounts for the year ended March 31, 2010.
OPERATIONS :
The operations of the company have resulted in a loss of Rs.2,62,663/-
during the year ended March 31, 2010 as shown below
Financial data results (Amount in Rupees.)
Year ended Year ended
31st March 2010 31st March 2009
Net Profit / (Loss) (2,62,663) (2,18,618)
Add: Fringe Benefit Tax (140) (1,669)
Add: Surplus / (Deficit) brought (77,41,979) (75,21,692)
fromtheprevious year
Surplus / (Deficit) Carried to (80,04,782) (77,41,979)
Balance Sheet
DIVIDEND :
In view of the loss, your Directors have not recommended any dividend
for the financial year ended March 31, 2010.
DIRECTOR :
Mr. Anil Patodia, Director of the Company retires at the ensuing Annual
General meeting and being eligible offers himself for reappointment as
Directors.
AUDITORS AND AUDITORS OBSERVATIONS :
M/s. Shankarlal Jain and Associates, Chartered Accountants, retires as
auditors of the Company at the ensuing Annual General Meeting and offer
themselves for reappointment.
With regard to the Auditors observations, the same have been duly
explained in the notes, hence does not require any further
clarifications.
SECRETARIAL COMPLIANCE CERTIFICATE ;
The Secretarial Compliance Certificate issued by a practicing Company
Secretary pursuant to Section 383A of the Companies Act 1956 read with
Rule 3 of Companies (Compliance Certificate) Rule, 2001 is annexed to
this Report.
DIRECTORS RESPONSIBILITY STATEMENT ;
Pursuant to the requirement under Section 217(2AA) of the Companies
Act, 1956 with respect to Directors Responsibility Statement, it is
hereby confirmed:
i) that in the preparation of the Annual Accounts for the year ended
March 31, 2010, the applicable Accounting Standards have been followed
alongwith 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 are
reasonable and prudent so as to give a fair view of the state of
affairs of the Company at the year ended March 31, 2010 and of the
profit of the 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 fraud and other irregularities.
iv) that the Directors had prepared the Annual Accounts for the year
ended March 31, 2010 on a going concern basis.
PARTICULARS OF EMPLOYEES ;
The particulars of the employees under the provision of section 217
(2A) of the Companies Act, 1956 are not given as no employees was in
receipt of remuneration exceeding Rs.24,00,000/- p.a., if employed for
the full year or Rs. 2,00,000/-p.m. if employed for part of the year.
INFORMATION PURSUANT TO SECTION 217 (1) (a) ;
The Company does not carry out any manufacturing activity therefore
Rule 2 of the Companies (Disclosure of particulars in the report of the
Board of Directors) Rules 1988, pursuant to Section 217 (1) (a) of the
Companies Act, 1956 is not applicable.
PARTICULARS ON CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION :
This information is required as per Section 217(l)(e) of the Companies
Act, 1956, read with the Companies (Disclosure of Particulars in the
Report of the Board of Directors) Rules, 1988 and forming part of the
Directors Report for the year ended March 31, 2010.
Since the Companys operations involve low consumption of energy, the
Company has no comments to offer as far as (a) conservation of energy
and (b) Technology absorptions are concerned.
FOREIGN EXCHANGE :
The Foreign exchange earnings and foreign exchange expenditure during
the period under consideration was NIL.
For and on behalf of the Board of Directors of
W W TECHNOLOGY HOLDINGS LIMITED
Sarita Mansingka
Chaiman
PLACE: MUMBAI
DATED: JULY 30, 2010
Mar 31, 2009
The Directors have pleasure in presenting herewith their 26th Annual
Report together with the Audited Accounts for the financial year ended
on 31st March, 2009.
Your directors have to report that your company has earned the
commission and brokerage of Rs. 8,78,955/- during the year under report
besides the interest of Rs. 12,066/- on the loans advanced by the
company. However the operations of the company have resulted into loss
of Rs.2,18,618/- during the year under report as against the loss of
Rs. 4,36,289/- during last year. The fringe benefit tax of Rs. 1,669/-
has been accounted resulting in the total loss of Rs.2,20,287/-. The
loss of Rs. 75,21,692/- has been brought forward from earlier years and
added and thus the accumulated loss of Rs. 77,41,979/- has been carried
to the balance sheet.
DIVIDEND.
In view of the loss, your directors have not recommended any dividend
for the year under report.
DIRECTORS:
Mr. S.L. Phalore retires by rotation and being eligible offers himself
for re- appointment.
Mrs. Neha Mittal resigned as a director of the company with effect from
15/12/2008.
DIRECTORS RESPONSIBILTY:
Pursuant to Section 217(2AA) of the Companies Act, 1956 your directors
confirm that
(i) in the preparation of the annual accounts the applicable accounting
standards has been followed.
(ii) they had selected such accounting policies and applied them
consistently and made judgements and estimates that are reasonable and
prudent so as to give a true and fair view of the state of affairs of
the company as on 31st March, 2009 and of the loss of the company for
the year ended on 31st March, 2009.
(iii) they 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) they had prepared the accounts on "going concern basis".
TECHNOLOGY ABSORPTION, RESEARCH & DEVELOPMENT:
Since the company is not carrying any manufacturing activity, the
information as required under section.217(l) (e) of the Companies Act,
1956 is not furnished. Like wise the question of environment and
pollution control does not arise.
FOREIGN EXCHANGE:
There was no Foreign exchange earning nor any foreign exchange
outgoings as such during the year under report.
PARTICULARS OF EMPLOYEES:
The company had no employee of the category specified under section
217(2 A) of the Companies Act, 1956.
AUDITORS:
The Auditors, M/s. Shankarlal Jain & Associates retire at the
conclusion of the ensuing Annual General Meeting and are eligible for
re-appointment.
FOR AND ON BEHALF OF THE BOARD OF DIRECTORS
Sarita Mansingka
Chairperson
Place: Mumabi Date: 31/07/2009.
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