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रत्ननामनी एग्रो इंडस्ट्रीज निदेशकों की रिपोर्ट, रत्ननामनी एग्रो इंडस्ट्रीज निर्देशकों द्वारा रिपोर्ट

रत्ननामनी एग्रो इंडस्ट्रीज

बीएसई: 507652  |  NSE: N.A  |  ISIN: INE679N01016  |  Edible Oils & Solvent Extraction

खोजें रत्ननामनी एग्रो इंडस्ट्रीज कनेक्शन Mar 14
निदेशकों की रिपोर्ट वर्षांत : Mar '15
 DEAR MEMBERS,
 
 The Directors have pleasure in presenting their Report and Audited
 Accounts of the Company for the year ended March 31,2015.
 
 FINANCIAL RESULTS:
 
 Turnover:
 
 Current Period (In Rs.)               Previous Year (In Rs.)
 
 197000                                402000
 
 During the financial year 2014-15 the turnover of the company is lesser
 as compare to the previous year. The financials for the financial year
 2014-15 is as follows:-
 
 
 PARTICULARS                                  Current           Previous
                                              Period            Period
                                            31.03.2015        31.03.2014
 
 I. Revenue From Operations                   197000              402000
 
 II. Cost of Sales                             83000              122000
 
 III. Gross profit (I-II)                     114000              280000
 
 IV.  Operating expenses:
 
 (1)  Selling and marketing                       -                   -
 Expenses
 
 (2)  Administrative expenses                 114000              415000
 
 (3)  Depreciation and                          1670                1964
 amortization of assets
 
 (4)  Foreign currency exchange                   -                   -
 gains(losses), net
 
 Total Operating Expenses                     115670              416964
 
 V.   (1) Results from operating              (1670)            (136964)
 activities (III - IV)
 
 (2) Gains / (Loss) on sale of                    -                   -
 long-term investments
 
 (3) Other Income                               4000              175000
 
 (4)  Other expenses:                             -                   -
 
 (i) finance costs                                -                   -
 
 (ii) Others                                      -                   -
 
 (5)  Long Term Investment                        -
 Written off
 
 VI.  Income before                           (2330)             (38036)
 
 income tax
 
 (1) Current Income Tax                           -                   -
 
 (2) Deferred Tax Liability /                     -                   -
 (Asset)
 
 VII. Net Profit After Tax                    (2330)             (38036)
 
 (3) Others                                       -                   -
 
 VIII. Profit for the                         (2330)             (38036)
 period (VI-VII)
 
 
 OPERATIONS:
 
 * Standalone financial performance
 
 The Company has successfully achieved several milestones in the past
 and has continued its journey in this year too in spite of the
 difficult phase through which most of the Indian infrastructure
 industry is passing through. During the Period under review the total
 revenue has decreased from 402000.00 to Rs. 197000.00. The year under
 review has been another very tough year for the Infrastructure
 Industries which is passing through recessionary phase in last three
 years.
 
 Modest growth, coupled with delays in settlement of claims/ litigations
 with the clients, slower industrial growth, high interest rate, delays
 in projects, delay in payments from clients etc. has continuously put
 the company into stress. Though, the Company is taking all the setbacks
 positively and believes to sustain corporate stability with low cost
 and high quality work. We strongly believe that infrastructure sector
 is bound to grow at a very good pace in the coming financial year.
 
 In spite of the above, your company has achieved decent Turnover of Rs.
 197000, during the year 2014-15. This indicates itself that the
 company''s management has proved its ability to retain business, in fact
 added new customers, in tough times of industry.
 
 DIVIDEND:
 
 * Considering the losses from last few years the directors of company
 has not recommended any dividend for the current Period.
 
 TERM DEPOSITS:
 
 * During the Period under review, your Company has not accepted any
 deposit under Section 58A of the Companies Act, 1956 read with
 Companies (Acceptance of Deposits) Rules, 1975.
 
 Information under Section 196-202 of Companies Act, 2013 and Rule 3-10
 of the Companies (Appointment and Remuneration of Managerial Personnel)
 Rules, 2014
 
 * None of the employees was in receipt of remuneration exceeding the
 limit specified under section 196-202 of Companies Act, 2013.
 
 PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:
 
 * All related party transactions that were entered during the financial
 year were in the ordinary course of the business of the Company and
 were on arm''s length basis. There were no materially significant
 related party transactions entered by the Company during the year with
 Promoters, Directors, Key Managerial Personnel or other persons which
 may have a potential conflict with the interest of the Company
 
 DIRECTOR''S RESPONSIBILITY STATEMENT:
 
 Pursuant to the requirements of Section 134 (5) of the Companies Act,
 2013, it is hereby confirmed:
 
 * that in the preparation of the annual accounts, the applicable
 accounting standards have been followed along with proper explanation
 relating to material departures, if any;
 
 * that 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, 2015 and of the profit or loss of the Company for the
 period under review;
 
 * proper and sufficient care for the maintenance of adequate accounting
 records in accordance with the provisions of the Companies Act, 2013
 for safeguarding the assets of the Company and for preventing and
 detecting fraud and other irregularities;
 
 * That annual accounts of the Company have been prepared on a ''going
 concern'' basis.
 
 * That internal financial controls have been laid down to be followed
 by the company and that such controls are adequate and were operating
 effectively.
 
 * That proper systems have been devised to ensure compliance with the
 provisions of all applicable laws and that such systems were adequate
 and operating effectively.
 
 AUDITORS
 
 * The Board has proposed the appointment of M/S P. Dalai & Co.,
 Chartered accountants as a Statutory Auditor of the Company until the
 conclusion of Next Annual General Meeting of the company at
 remuneration as the Board of Directors may determine, subject to the
 approval of the shareholders in the Annual General Meeting of the
 company;
 
 CONSERVATION OF ENERGY, RESEARCH AND DEVELOPMENT, TECHNOLOGY,
 ABSORPTION AND FOREIGN EXCHANGE EARNING & OUTGO.
 
 * The information required under the Companies Act, 2013 with respect
 to conservation of energy, technology absorption and foreign exchange
 earnings/outgo is appended hereto as Annexure : A and it forms part of
 this Report.
 
 EMPLOYEE RELATIONS
 
 * The employee relations in the Company continued to be positive.
 Information as per Section 217(2A) (134) of the Companies Act, 1956
 (the Act) read with the Companies (Particulars of Employees) Rules,
 1975 forms part of this Report. As per the provisions of Section (136)
 219(1) (b) (iv) of the Act, the Report and Accounts are being sent to
 the shareholders of the Company excluding the statement on particulars
 of employees under Section 217(2A) (134) of the Act. Any shareholder
 interested in obtaining a copy of the said statement may write to the
 Secretarial Department at the Registered Office of the Company.
 
 SUBSIDIARIES
 
 * To Closure of the Subsidiaries companies an application is to be made
 U/s 560 of the companies Act to the Registrar of Companies, to strike
 off the name of the Subsidiary Companies.
 
 TRADE RELATIONS
 
 * Your Directors wish to record appreciation of the continued unstinted
 support and co operation from its Customers, suppliers of
 goods/services, clearing and forwarding agents and all others
 associated with it. Your Company will continue to build and maintain
 strong association with its business partners.
 
 CORPORATE GOVERNANCE
 
 * As per clause 49 of the Listing Agreements entered into with the
 Stock Exchanges, Corporate Governance Report with auditors certificate
 thereon and Management Discussion and Analysis are attached and form
 part of this report. As per clause 55 of the Listing Agreements entered
 into with the Stock Exchanges, a Business Responsibility Report is
 attached and forms part of the annual report
 
 13. VIGIL MECHANISM:
 
 * The Company has adopted a Vigil Mechanism in form of whistle blower
 policy. It aims at providing means to employees to raise complaints and
 to receive feedback on any action taken and seeks to reassure the
 employees that such vigil mechanism shall provide for adequate
 safeguards against victimization of directors and employees who avail
 of such mechanism and also make provisions for direct access to the
 Chairperson of Audit Committee in exceptional cases. This neither
 releases employees from their duty of confidentiality in the course of
 their work nor can it be used as a route for raising malicious or
 unfounded allegations against people in authority and / or colleagues
 general.
 
 14. RISK MANAGEMENT:
 
 * The Company has already in place, a Risk Management Plan. Brief
 details of various types of risk are provided in the Management
 Discussion and Analysis section of the Annual Report.
 
 15. Acknowledgements
 
 * The Directors thank the Company''s customers, vendors, investors,
 business associates, bankers for their support to the company. The
 Directors appreciate and value the contributions made by every member
 of the Green earth family across the country.
 
 16. AUDITORS & AUDITORS REPORT
 
 Auditors'' Qualifications and Management''s Reply:
 
 17. PARTICULARS OF EMPLOYEES None of the employees exceed the limit of
 drawing remuneration, therefore Provisions of that not applicable to
 the company.
 
 18. EXTRACT OF ANNUAL RETURN:The Extract of Annual Return of the
 Company in Form MGT-9 for the Financial Year ended 31st March, 2015 is
 given in Annexure - C and forms part of the Directors'' Report
 
                               For & on behalf of the Board of Director
 
                           Sd/-                Sd/-                Sd/-
            (Rokibhai Vaghela)     (Ripal Chauhan)   (Bhagabhai Bharwad)
                     Director            Director              Director
                DIN: 05201644       DIN: 05346014         DIN: 05346010
 
 Place: AHMEDABAD
 Date: July 10, 2015
 
 
स्रोत: रेलीगरे टेचनोवा

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