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एटीएन टेलीफिल्म्स

बीएसई: 531790  |  NSE: N.A  |  ISIN: INE100B01026  |  Media & Entertainment

खोजें एटीएन टेलीफिल्म्स कनेक्शन
निदेशकों की रिपोर्ट वर्षांत : Mar '02
Your Directors have pleasure in presenting the 11th Annual Report of
 the Company with the Audited Statement of Accounts and the Auditors
 Report thereon for the Financial year ended 31st March, 2002. The
 summarized financial results for the year ended 31st March 2002 as
 compared with the earlier year stand as under:
                                             Year ended       Year ended
                                             31.03.2002       31.03.2001
                                                  (Rs.)            (Rs.)
 Profit before Taxation                    15,61,506.06     14,59,485.79
 Less Provision for Taxation - Current      1,20,000.00      1,24,000.00
 Deferred                                   3,93,620.00             0.00
 Profit after Taxation                     10,47,886.06     13,35,485.79
 Add: Deferred Tax Adjustment            1,13,33,570.47             0,00
                                         1,23,81,456.53     13,35,485.79
 Less: Income Tax for earlier year          5,64,728.00        13,909.00
                                         1,18,16,728.53     13,21,576.79
 Add: Balance brought forward from
 previous year                         (3,28,35,048.96) (3,41,56,625.75)
 Balance carried to Balance Sheet      (2,10,18,320.43) (3,28,35,048.96)
 In view of marginal profit of the Company during the year, the
 Directors express their inability to recommend any dividend for the
 Year ended 31.03.2002
 Board of Directors has recommended Bonus Shares in its Board Meeting to
 members in the ratio of 1:5 i. e. One Fully Paid-up Bonus Shares for
 every Five number of Equity Shares held in the Company, subject to
 approval of members in General Meeting. A sum of Rs. 3,00,00,000/-
 (Rupees Three Crores Only) is proposed to be capitalized from Share
 Premium Account by issuance of 1,50,00,000 Equity Shares of Rs. 2/-.
 During the year under review your company performance was satisfactory
 and your directors are confident of improvement in performance of the
 company in the current year.
 The Company had no foreign exchange earnings during the period under
 review. The foreign exchange outgo during the year was Rs. 65,000/-
 None of the employee of the Company was in receipt of remuneration in
 excess of limits prescribed under Section 217(2A) of the Companies Act,
 1956. Hence, particulars as required under the Companies (Particulars
 of Employees) Rules, 1975 are not given.
 Shri Santosh Kumar Jain and Shri Siddhartha Srivastava resigned from
 the Board of Directors of the Company with effect from 30th October,
 2001 and 15th November, 2001, respectively. The Board of Directors
 place on record their appreciation for the valuable services rendered
 by them during the tenure of their office.
 Shri Manish A. Pardiwala has been appointed as an additional Director
 of the Company with effect from 30th October, 2001. In terms of section
 260 of the Companies Act, 1956, he holds office upto the date of
 ensuing Annual General Meeting. The Company has received notice from a
 member pursuant to section 257 of the Companies Act, 1956 signifying
 his intention to propose the candidature of Shri Manish A. Pardiwala as
 Director of the Company. The appointment of Director requires the
 approval of members, for which necessary resolution has been
 incorporated in the notice of Annual General Meeting.
 In accordance with the provisions of the Companies Act, 1956 and the
 Companies Articles of Association, Shri PR. Parasuram retires by
 rotation at the ensuing Annual General Meeting and being eligible
 offers himself for reappointment.
 In accordance with the provisions of section 217(2AA) of the Companies
 Act, 1956, your Directors confirm that:
 i) in the preparation of the annual accounts, the applicable accounting
 standards have been followed;
 ii) they 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 31st March, 2002 and of the prof it of the Company for
 the year ended on that date;
 iii) they 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;
 iv) they have prepared the annual accounts on a going concern basis.
 The Company has not accepted any deposit within the meaning of Section
 58A of the Companies Act, 1956 and the rules made thereunder.
 Pursuant to Section 292A of the Companies Act, 1956 and Clause 49 of
 the Listing Agreement the Board has constituted the Audit Committee
 comprising of the following Directors as its members:
 1) Shri P. R. Parasuram
 2) Shri Paresh Shah
 3) Shri Santosh Kumar Jain
 4) Shri Manish Pardiwala
 Your company is not covered by schedule which requires to furnish
 details in Form A & B as per the provision of Section 217(1) (e) of the
 Companies Act, 1956 read with the Companies (Disclosures of
 Particulars in the report of Board of directors) Rules, 1988.
 M/S P. K. Ajitsaria & Co., Chartered Accountants, Auditors of the
 Company, have expressed their desire not to seek re-appointment as
 Auditors of the Company. The Board therefore recommends the appointment
 of M/S. Prodyot Bhattacharya & Associates, Chartered Accountants,
 Mumbai, as the Auditors of the Company at the ensuing Annual General
 Meeting. The Company has received a consent letter from them to the
 effect that their appointment, if made, would be within the prescribed
 limits under Section 224 (1 B) of the Companies Act, 1956. The Notes to
 Accounts referred to in the Auditors Report are self-explanatory, do
 not call for any further comments.
 A certificate from the Auditors of the Company regarding compliance of
 conditions of Corporate Governance as stipulated under Clause 49 of the
 Listing Agreement is attached to this Report.
 The Board expresses its sincere gratitude to the shareholders, bankers
 and clients for their continued support. The Board also wholeheartedly
 acknowledges the dedicated efforts of all the staff and employees of
 the Company.
                             For and on behalf of the Board of Directors
 ASHOK KUMAR MISHRA                                      P. R. PARASURAM
 Managing Director                                              Director
 Place: Mumbai
 Date: 4th July, 2002.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • BREAKING NEWS LOWER : देश में अब तक 45,24,317 कोरोना टेस्ट हुए
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  • BREAKING NEWS LOWER : अब तक 1,14,072 कोरोना मरीज ठीक हुए
  • BREAKING NEWS LOWER : देश में कोरोना से अब तक 6642 लोगों की मौत
  • BREAKING NEWS LOWER : पिछले 24घंटे में कोरोना के 9887 नए मामले मिले
  • BREAKING NEWS LOWER : पिछले 24 घंटे में कोरोना के 4611 मरीज ठीक हुए
  • BREAKING NEWS LOWER : पिछले 24 घंटे में कोरोना से 294 लोगों की मौत

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(August 06, 2018)

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