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मेरी शेयरफिन लिमिटेड निदेशकों की रिपोर्ट, मेरी शेयरफिन लिमिटेड निर्देशकों द्वारा रिपोर्ट

मेरी शेयरफिन लिमिटेड

बीएसई: 511680  |  NSE: N.A  |  ISIN:  |  Finance - Investments

खोजें मेरी शेयरफिन लिमिटेड कनेक्शन
निदेशकों की रिपोर्ट वर्षांत : Mar '00
 The Directors have pleasure in placing before you their report and
 Accounts for the year ended MARCH 31, 2000.
 
 FINANCIAL RESULT
 
 The financial results for the year ended March 31, 2000 are summarised
 for your consideration
 
                                                  (Amount in Rupees)
                                             1999-2000        1998-1999
 
 Total Income                                55,85,022         25,55,595
 
 Profit/(Loss) before Depreciation & Tax      3,88,511       (12,66,647)
 
 Depreciation                                 3,33,911          3,27,049
 
 Provision for Income Tax                                         32,452
 
 Short Provision for Income Tax                 29,573            15,898
 
 Profit/(Loss) after Tax for the year           25,027       (16,42,046)
 
 Surplus/Brought forward from previous year  (8,27,279)         8,14,768
 
 Balance carried to Balance Sheet            (8,02,252)       (8,27,279)
 
 REVIEW OF OPERATION
 
 The year under review was a remarkable year in the history of stock
 market in India during which the volumes touched very high lewel.
 After presentation of Union Budget in February 2000 the market started
 downfall.  During September, 1999 to february, 2000 general sentiment
 in primary and secondary market was good.  This had positive effect on
 the working of your company.  However ever the risk also increased due
 to wide market fluctuation.  The Company could not improve its bottom
 line due to bad-debts and share trading loss.  Your directors have
 taken all possible steps to reduce the overheads.  Your directors are
 hopeful of better results during the current year.
 
 DIVIDEND
 
 In view of carried forward loss and accute need of substantial long
 term resources to build strong foundations for its future bussiness
 strategy, your Directors recommend that no dividend be paid for the
 year ended March 31, 2000.
 
 DEPOSIT
 
 Company did not accept any deposit from the public during the year
 under review.
 
 EMPLOYEE RELATIONS
 
 Relations between the employees and the management continued to remain
 cordial during the year under reveiw.  The Directors hereby place on
 record their appreciation of the efficient and loyal Services rendered
 by the Company's employees at all level.
 
 There was no employee Drawing remuneration of Rs. 6,00,000/- or more
 per annum or Rs. 50,000/- or more per month.
 
 STATUTORY DISCLOSURE OF PARTICULARS
 
 The requirement of disclosure, in terms of Section 217 (1) (e) of the
 Companies Act, 1956 of the steps taken as regards conservation of
 energy, technology absorption and foreign exchange earnings/outgo does
 not apply to your company.
 
 DIRECTORS
 
 In accordance with the provisions of the Companies Act, 1956 and the
 Articles of Association of the Company, Mr. MIHIR R. SHAH, retires by
 rotation at the ensuing Annual General Meet- ing and is eligible for
 re-appointment.
 
 AUDITORS
 
 M/s. M. R. Pandhi & Associates, Chartered Accountants, who were
 appointed by the members at their Last Annual General Meeting as the
 statutory Auditors of the Company for the year 1999 -2000 will be
 retiring on the conclusion of the forthcoming Annual General Meeting
 and are eligible for re-appointment.  Members are requested to Consider
 their re-appointment at a remuneration to be decided by the Board of
 Directors, for the financial year ending March 31 2001 asset out in the
 notice convening the meeting.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `1495 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `700 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `1190 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `753 Cr की बिकवाली
  • MARKET CUES : इंडेक्स ऑप्शंस में `546 Cr की बिकवाली
  • MARKET CUES : स्टॉक फ्यूचर्स में `97 Cr की खरीदारी
  • MARKET CUES : स्टॉक ऑप्शंस में `11.18 Cr की खरीदारी
  • HSBC ON INDUSIND BANK : Buy रेटिंग कायम, लक्ष्य `2000 से घटाकर `1825
  • CITI ON AMBUJA CEMENTS : Buy रेटिंग कायम, लक्ष्य `270 से बढ़ाकर `285
  • NOMURA ON MAX FINANCIAL : Buy रेटिंग कायम, लक्ष्य `550 से बढ़ाकर `700

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