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तेजःसवी आहाराम निदेशकों की रिपोर्ट, तेजःसवी आहाराम निर्देशकों द्वारा रिपोर्ट

तेजःसवी आहाराम

बीएसई: 531628  |  NSE: N.A  |  ISIN: INE173E01019  |  Textiles - Spinning - Cotton Blended

खोजें तेजःसवी आहाराम कनेक्शन Mar 13
निदेशकों की रिपोर्ट वर्षांत : Mar '14
DEAR MEMBERS,
 
 The Directors have pleasure In presenting the Twentieth Annual Report
 together with the Audited Accounts of the Company for the year ended
 31st March, 2014.
 
 1. OPERATING RESULTS:                          (Rs. In lakhs)
                                      Current Year      Previous Year
                                      31.03.2014        31.03.2013
 
 Other Income                               1.11            2190.00
                                            1.11            2190.00
 
 Total Expenditure                         13.86              35.51
 
 interest                                 241.04             178.32
 
 Gross Profit/(Loss) after Interest 
 but Before Depreciation and             (253.79)           1976.17
 Taxation
 
 Depreciation                              13.24              54.78
 
 Net Profit/(Loss)                       (267.03)           1921.39
 
 The Directors report that the Net Loss of the Company for the year
 under report is Rs,267.03 lakhs as against Net Proflt of Rs. 1921.39
 Lakhs of previous year. Your Directors report that the Milt is not
 functioning with effect from 23.10.2007.  
 
 2.  DIVIDEND:
 
 The Directors do not recommend any dividend for the year under review.
 
 3.  DIRECTORS:
 
 The Board of Directors consists of both Executive and
 Non-executive/lndependent Directors who have vide and varied experience
 in different disciplines of Corporate functioning.
 
 Pursuant to the provisions Section 149 and 152 of Companies Act, 2013
 Mr.R. Vijay kumar and MrK.AIagirisamy proposed to be re-appointed as
 Independent Directors of the Company at the ensuing Annual General
 Meeting.
 
 A brief resume, expertise, shareholding in the Company and details of
 other Directorship of these Directors as stipulated under Clause 49 of
 the Listing Agreement with the Stock Exchange forms part of the Notice
 of ensuing Annual General Meeting.  ''
 
 4.  DIRECTORS'' RESPONSIBILITY STATEMENT-
 
 In terms of Section 217 (2AA) of the Companies Act, 1956, Your
 Directors declare:
 
 i) that in the preparation of the annual accounts, the applicable
 accounting standards have been followed;
 
 ii) that 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 at the end of the financial year and of the loss of the
 Company for that period;
 
 iii) that 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; and
 
 iv) that they have prepared the annual accounts on a going concern
 basis.
 
 5 INDEPENDENT AUDITOR''S OBSERVATION ON ACCOUNTS:
 
 In respect of observation made by Auditors Under Opinion (i), (ii) &
 (iii) of Independent Auditors Report, which are self-explanatory and
 require no further explanation.
 
 6. PUBLIC DEPOSITS:
 
 The Company does not have any Public deposit as at 31st March, 2014
 
 7 MANAGEMENT DISCUSSION & ANALYSIS AND CORPORATE GOVERNANCE:
 
 A report on Management Discussion and Analysis and a Status report on
 the compliance of Corporate Governance are annexed and form part of
 the Annual Report.
 
 8. REPORT ON SEXUAL HARASSMENT OF WOMEN AT WORK PLACE:
 
 In terms of the Sexual Harassment of Women at Work Place (Prevention,
 Prohibition and Redressal)Act 2013, which came Into force with effect
 from .23,04.2013, your Directors Report that forming an Internal
 Compliance Committee, will not arise, since the company is not having
 any women employee.
 
 9. AUDITORS:
 
 The Company s Auditors M/s. D. Sampathkumar & Co., Chartered
 Accountants, Chennai, are retiring at the conclusion of the ensuing
 Annual General Meeting and are eligible for re-appointment.
 
 10. PARTICULARS OF EMPLOYEES:
 
 In terms of the requirement of Section, 217 (2A) of the Companies Act
 1956, there are no employee who are drawing a remuneration of 
 Rs.60,00,000/- or more per annum or Rs.5,00,000/- or more per month 
 during the year ended 31st March, 2014,
 
 11.  INFORMATION AS PER SECTION 217 (1) (e) OF THE COMPANIES ACT 1956:
 
 Particulars required under Companies (Disclosure of particulars in the
 report of Board of Directors) Rules, 1988;
 
 A.  CONSERVATION OF ENERGY: Not applicable.
 
 B.  TECHNOLOGY ABSORPTION: Not Applicable.
 
 C.  FOREIGN EXCHANGE EARNINGS AND OUTGO:
 
 During the year under review, there is neither Foreign Exchange
 Earnings nor outgo.
 
 12.  ACKNOWLEDGEMENT:
 
 Your Directors wish to place on record their gratitude to the Central
 and State Governments, and the Share holders for their continued
 co-operation
 
                                   On behalf of the Board of Directors
                                             For STERLING SPINNERS LTD.
 
 
 Place : Chennai.                                (K.S.VENUGOPALA)
 Date : 27.08.2014                       CHAIRMAN CUM MANAGING DIRECTOR
 
 D.  SAM PATH KUMAR & CO.                  Phone: 24341189
 CHARTERED ACCOUNTANTS                     Now No. 5, South Boag Road,
                                            T. Nagar, Chennai-600 017
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • NEWS FLASH EVE : कंसो मुनाफा `142 Cr से घटकर `83 Cr (YoY)
  • NEWS FLASH EVE : कंसो आय `1135 Cr से घटकर `1035 Cr (YoY)

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