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बीएसई: 506313  |  NSE: N.A  |  ISIN: INE789D01014  |  Finance - General

खोजें शाश्वत टेक कनेक्शन Mar 13
निदेशकों की रिपोर्ट वर्षांत : Mar '14
Dear Members,
 
 The Directors have pleasure in presenting the Annual Report of the
 Company together with the Audited Statement of Accounts for the year
 ended 31st March, 2014
 
 1. SUMMARISED FINANCIAL RESULTS:
 
                                                             (In Lakhs)
 
 Particulars                                    2013-2014     2012-2013
 
 Total Income                                       10.35          3.93
 
 Less: Total Expenditure                            10.73          4.09
 
 Profit/(Loss) before Tax                          (0.38)        (0.16)
 
 Profit/(Loss) after Tax                           (2.98)        (0.16)
 
 EPS                                               (0.97)        (0.05) 
 
 
 2. OPERATIONS:
 
 The company has incurred loss of around Rs. 2.98 Lakhs as compared to
 last year''s loss of Rs. 0.16 Lakhs.
 
 3. DIVIDEND
 
 In View of loss incurred by the Company; your Directors do not
 recommend any dividend for the Financial Year ended on 31st March,
 2014.
 
 4. CHANGE OF NAME
 
 During the year under review, the Company has changed its name from M/s
 Zenzy Technocrats Limited to M/s Sashwat Technocrats Limited approval
 for which was sought from shareholders at the previous Annual General
 Meeting held on 5th July, 2013.
 
 5. INCREASE OF AUTHORISED SHARE CAPITAL
 
 The Authorised Share Capital of the Company was increased from Rs.
 3,00,00,000/- divided into 30,00,000 Equity Shares of Rs. 10/- each to
 Rs. 5,00,00,000/- divided into 50,00,000 Equity Shares of Rs. 10/-
 each.
 
 6. DIRECTORS
 
 Mr. Isaac Nadar (DIN No. 01593469) retires by rotation at the ensuing
 Annual General Meeting and being eligible has offered himself for
 re-appointment.
 
 Mr. Manish Jakhalia, Director (DIN 01847156) was appointed as an
 Independent Director of the Company w.e.f. 12.11.2011. It is proposed
 to appoint him for a tenure from 30th September, 2014 to 31st March,
 2019 and Shareholders'' approval is sought for the same at the ensuing
 Annual General Meeting.
 
 7. FIXED DEPOSITS
 
 During the year under review, the Company has neither invited nor
 accepted any fixed deposits from the public.
 
 8. AUDITORS
 
 M/s. SARA & Associates, Chartered Accountants (FRN 120927W), Statutory
 Auditors of the Company, will retire at the conclusion of the ensuing
 Annual General Meeting. They have offered themselves for reappointment
 and have confirmed that their appointment, if made, would be within the
 limits prescribed under the Companies Act, 2013. It is proposed to
 appoint them for the period commencing from the conclusion of this
 Annual General Meeting till the conclusion of the 43rd Annual General
 Meeting subject to ratification of their appointment by Shareholders at
 every Annual General Meeting and fixation of their remuneration by the
 Board of Directors;
 
 9. AUDITORS REPORT
 
 The Auditors have not made any qualification to the financial
 statement. Their reports on relevant notes on accounts are self
 explanatory and do not call for any comments under section 217 (3) of
 the companies Act, 1956.
 
 10. CORPORATE GOVERNANCE
 
 The Company makes its best efforts to voluntarily ensure proper
 Corporate Governance in the affairs of the Company and its daily
 functioning.
 
 11. CHANGE IN REGISTRAR AND SHARE TRANSFER AGENT
 
 The Company has appointed M/s Purva Sharegistry (India) Private Limited
 as the Registrar and Share Transfer Agents in place of M/s Ajel
 Infotech Limited. Members are requested to please take note of the
 same.
 
 12. PARTICULARS OF EMPLOYEES
 
 Particulars of the employees of the Company pursuant to Section 217
 (2A) of the Companies Act, 1956 is not given, as none of the employees
 come under the purview of these provisions.
 
 13. COMPANIES (DISCLOSURE OF PARTICULARS IN THE REPORT OF BOARD OF
 DIRECTORS) RULES, 1988
 
 The details relating to Conservation of energy, Technology Absorption
 and Foreign Exchange Earning and Outflow required to be attached in
 terms of section 217(1)(e) of the Companies Act, 1956 read with
 Companies (Disclosure of Particulars in the report of board of
 directors) Rules, 1988 are not given in view of the nature of
 activities of the Company. There is no Foreign Exchange earning or
 outgo during the year under review.
 
 14. 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 accounts for the financial year
 ended 31st March, 2014, the applicable accounting standards have been
 followed along with proper explanation relating to material departures;
 
 (ii) That the Directors have selected such accounting policies and
 applied them consistently and made judgments and estimates that were
 reasonable and prudent so as to give a true and fair view of the state
 of affairs of the Company at the end of the financial year and of the
 profit and loss of the Company for the year under review;
 
 (iii) That 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;
 
 (iv) That the Directors have prepared the accounts for the financial
 year ended 31st March 2014 on a ''going concern'' basis.
 
 15. ACKNOWLEDGEMENTS
 
 Your Directors would like to express their sincere appreciation and
 gratitude for the co-operation and assistance from its shareholders,
 bankers, regulatory bodies and other business constituents during the
 year under review.
 
 
                                         FOR AND ON BEHALF OF THE BOARD
 
                                              Sd/-                 Sd/-
                                   Manish Jakhalia          Rohit Doshi
 
 Place: Mumbai
 Date: 02.09.2014
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

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