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ईकॉट हाईटेक टूलरूम निदेशकों की रिपोर्ट, ईकॉट हाईटेक टूलरूम निर्देशकों द्वारा रिपोर्ट

ईकॉट हाईटेक टूलरूम

बीएसई: 522245  |  NSE: N.A  |  ISIN: INE079L01013  |  Engineering

खोजें ईकॉट हाईटेक टूलरूम कनेक्शन Mar 13
निदेशकों की रिपोर्ट वर्षांत : Mar '14
Dear Members,
 
 The Directors have great pleasure in presenting their 23 rd Annual
 Report and the Audited accounts of the company for the year ended 31st
 March 2014.
 
 1.0 FINANCIAL RESULTS
 
 Year ended                                   31.03.2014     31.03.2013
 
 Profit & Loss before
 interestanddepreciation                           41.45          18.96
 
 Interest                                          12.78          15.67
 
 Depreciation                                      24.91          21.59
 
 Deferred tax asset/liability                     (2.05)          1 .19
 
 Profit and Loss after
 interest and depreciation                          1.71        (19.49)
 
 Provision for taxation                             0.70              -
 
 Profit / (Loss) after taxation                     1.01        (19.49)
 
 Balance Brought Forward
 from Previous year                              (44.29)        (24.80)
 
 Balance carried to
 Balance Sheet                                   (43.28)        (44.29)
 
 2.0 DIVIDEND:
 
 Considering the accumulated losses, your Directors have not recommended
 any dividend on equity share capital of the company for the year ended
 31st March 2014.
 
 3.0 AUSTERITY MEASURES:
 
 The Company continues to pursue austerity measures to achieve cost
 reduction.
 
 4.0 CORPORATE GOVERNANCE
 
 As per the Clause 49 of the Listing Agreement and in accordance with
 the provisions of the said Clause Audit Committee, Share
 holders/Investors Grievance Committee, Remuneration Committee has met
 and transacted business as laid down.
 
 In pursuance of Clause 49 of the Listing Agreement with the Stock
 Exchanges, Corporate Governance Report along with the Auditors
 Certificate are given elsewhere and form part of this report.
 
 5.0 TRADING IN THE SHARES / DEMAT OF SHARES
 
 Your shares are demated with ISNI Code INE 079L01013 and are approved
 both NSDL and CDSL with effect from May 2010.
 
 Your shares are traded at Bombay Stock Exchange.
 
 6.0 DIRECTORS
 
 The Company has, pursuant to the provisions of clause 49 of the Listing
 Agreement entered into with the Stock Exchange has appointed
 Mr.Rajapandian Sivalingam T, Mr.Muthulingam Sivarama Krishnan and
 Mr.Paramasivan Arunachala Devar as Independent Directors of the
 Company. The Company has received declarations from the appointee
 independent directors, that they meet the criteria of independence, as
 prescribed both under sub-section (6) of Section 149 of the Companies
 Act 2013 and under the said clause 49. In accordance with the
 provisions of section 149(4) and section 152 (5) of the Companies
 Act,2013, Mr.Rajapandian Sivalingam T, Mr. Muthulingam Sivarama
 Krishnan and Mr. Paramasivan Arunachala Devar are being appointed as
 Independent Directors to hold office as per their tenure of appointment
 mentioned in the Notice of the forthcoming AGM of the Company.
 
 Mrs. Karthiga Karthikeyan was appointed as an additional Director of
 the Company with effect from 31st July 2014 and holds office till the
 Conclusion of this Annual General Meeting. A notice has been received
 from the Member of the Company signifying his intention to propose
 Mrs.Karthiga Karthikeyan as a candidate for the office of Director of
 the Company under Section 160(1) of the Companies Act, 2013 and liable
 to retire by rotation.
 
 Mr.Iyempandi Subbiah Director of the Company retires by rotation and
 being eligible, offers himself for reappointment, in accordance with
 the requirements of Companies Act, 2013.
 
 7.0 INFORMATION UNDER SECTION 217(2A) & 217 (1) (E) OF THE COMPANIES
 ACT, 1956.
 
 During the year no employees has drawn salary in excess of the amounts
 prescribed under Section 217 (2A) of the Companies Act, 1956 read with
 (Companies particulars of employees) Rules 1975.
 
 8.0 FIXED DEPOSITS:
 
 The Company has not accepted any Fixed Deposits from the public from
 the date of commencement of Business.
 
 9.0 COMPANY SECRETARY:
 
 Steps are being taken to appoint a whole-time Company Secretary under
 the provisions of the Companies Act, 1956.
 
 10.0 AUDITOR''S REPORT
 
 With reference to point no.2(d) and point no.viii of the Auditor''s
 Report we would like to furnish our reply as under:
 
 (i) Non provision of gratuity and leave encashment : According to the
 management considering the number of employees, we are of the opinion,
 the leave encashment and gratuity will be accounted on cash basis.
 
 (ii) Internal Audit : The company''s average annual turnover has
 exceeded Rs. 5.0 crores, in the financial year 2013 - 2014. Hence the
 company will be appointing internal auditor in the financial year
 2014-2015
 
 11.0 AUDITORS
 
 The Auditors, M/s. Ramadoss & Co., Chartered Accountants, Chennai hold
 office up to the date of the ensuing Annual General Meeting and are
 eligible for re- appointment. As required under the provisions of
 Section 139 of the Companies Act, 2013, the Company has obtained
 written confirmation from M/s. Ramadoss & Co., that their appointment,
 if made, would be in conformity with the limits specified in the said
 section.
 
 12.0 RESPONSIBILITY STATEMENT
 
 To the best of their knowledge and belief and according to the
 information and explanations obtained by them, your Directors make the
 following statement in terms of Section 217 (2AA) of the Companies Act,
 1956:
 
 (a) That in the preparation of the annual accounts for the year ended
 March 31st 2014, the applicable accounting standards have been followed
 along with proper explanation.
 
 (b) That such accounting policies as mentioned in schedule 20 to the
 annual accounts have been selected and applied consistently and
 judgments and estimates that are reasonable and prudent made so as to
 give a true and fair view of the state of affairs of the company at the
 end of the financial year ended on March 31st 2014 and of the
 profit/loss of the company for that year;
 
 (c) That proper and sufficient care has been taken for the maintenance
 of adequate accounting records in accordance with the provisions of the
 Companies Act, 1 956, for safeguarding the assets of the company and to
 prevent and detect fraud and other irregularities;
 
 (d) That the Annual accounts for the year ended 31st March 2014 have
 been prepared on a going concern basis.
 
 13.0 CORPORATE GOVERNANCE
 
 A separate detailed corporate governance report is attached herewith.
 
 14.0 COMPLIANCE CERTIFICATE:
 
 As per the provisions of Section 383A of the Companies Act, 1956, a
 compliance certificate from a Company Secretary in whole time practice
 is annexed hereto which forms part of this Report.
 
 ACKNOWLEDGEMENTS
 
 The Directors wish to place on record their appreciation of the
 continuous support received by the Company from the investors,
 participating Banks, Central/State Government departments, its
 Customers and Suppliers.
 
 Place : Chennai                                            S. IYEMPANDI
 Date : 31.07.2014                                     Managing Director
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `781 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `904 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `788 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `736 Cr की बिकवाली
  • MARKET CUES : इंडेक्स ऑप्शंस में `490 की बिकवाली की
  • MARKET CUES : स्टॉक फ्यूचर्स में `393 Cr की खरीदारी
  • MARKET CUES : स्टॉक ऑप्शंस में `44.63 Cr की खरीदारी
  • IN F&O BAN : F&O बैन में Yes Bank शामिल
  • CLSA ON RELIANCE IND : BUY रेटिंग, लक्ष्य बढ़ाकर `2010/Sh
  • GOLDMAN SACHS ON RELIANCE IND : BUY रेटिंग बरकरार, लक्ष्य `1850/Sh

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