टेरीगोल्ड (आई) निदेशकों की रिपोर्ट, टेरीगोल्ड (आई) निर्देशकों द्वारा रिपोर्ट

टेरीगोल्ड (आई)

बीएसई: 514478  |  NSE: N.A  |  ISIN: INE995B01011  |  Textiles - Terry Towels

खोजें टेरीगोल्ड (आई) कनेक्शन Mar 13
निदेशकों की रिपोर्ट वर्षांत : Mar '15
Dear Members,
 The Directors have pleasure in presenting their 23rd Annual Report on
 the business and operations of the company and the accounts for the
 financial year ended March 31,2015
 Particulars                               2014-15            2013-14
 Total Revenue
 Profit/(Loss) before Interest &
 Depreciation                              (1,02,493)         (91,363)
 Less: Interest and Depreciation            -                  -
 Depreciation & Tax                        (1,02,493)         (91,363)
 Profit/(Loss) before Tax                  (1,02,493)         (91,363)
 Less: Tax                                 -                  -
 Net (Loss)                                (1,02,493)         (91,363)
 Deficit Carried to Balance Sheet          (1,02,493)         (91,363)
 Review of Operations and State of Company''s affairs
 As you are aware that our unit is a 100% EOU and we do not have
 permission to sell in the domestic market to cope up with the changing
 fashion and demand. This is possible once the unit is revived its
 operations with the induction of Financial Investor with whom the
 negations are in advance stage, who needed information on the factual
 of loan position from SASFC is awaited under RTI Act,
 The unit is not operational since December 2004. The Company had
 suffered a major Fire Accident during August 2000 that destroyed the
 Stock and Assets and the Insurance Company repudiated the claim of the
 Company and resulted into a major cash crunch. The net worth of the
 company as on March 31, 2000 became negative and the Hon''ble BIFR had
 declared Company as Sick Industrial unit and registered the Case
 No.210/2000 on 02.03.2001 and appointed IDBI as operating Agency, who
 failed to formulate a rehabilitation package keeping in view the
 provisions of Section 18 of the SICA Act. The Company had filed Writ
 Petition before the Hon''ble High Court of AP in April 2015 against the
 dismissal orders of Hon''ble AAFIR in the Winding up orders of Hon''ble
 BIFR Bench-1.
 The Company had replied to the impugned NOTICE issued by ASREC (INDIA)
 LTD, the other secured creditors on 18.06.2015 u/sl3(2) of the SARFACEI
 Act 2002 on 20.07.2015 denying all the allegation therein in view of the
 existing paripasu charges with other secured creditors and have no
 jurisdiction to issue so. Your Directors arc perusing with ASREC for
 considering carrying out the Valuation of the mortgaged assets and to
 reach a Compromise settlement.
 The continued efforts of your Directors resulted into withdrawal of all
 the cases filed by M/s TVS Finance and Services Limited against your
 Company and its Directors.
 During the period under review, the Company have made a Net Turnover of
 Rs. NIL and posted a Loss of Rs. 1,02,493/- compared to previous year
 loss of Rs. 91,363/-.
 Amount transferred to reserves:
 No Amount has been proposed to transfer to Reserves.
 Proposed Dividend:
 No Dividend has been proposed (recommended) during the current year.
 The information required under section 134 of the Companies Act, 2013
 read with the Companies (Disclosure of Particulars in the report of
 Board of Directors) rules, 1988 is as follows:
 Technology Absorption              :     N.A
 Foreign Exchange earnings          :     Nil
 Foreign Exchange Outgo             :     Nil
 Number of Meetings of the Board held during the financial year ended
 31st March 2015.
 During the period from April 1, 2014 to March 31, 2015, Board Meetings
 were held on 16.08.2014, 26.10.2014. 02.12.2014, 30.04.2015.
 The Company has not invited/accepted any deposits from the public in
 terms of Section 73 of the Companies Act, 2013 during the Financial
 Year ended 3lst March, 2015.
 Issue of Equity Shares with Differential Rights, Sweat Equity, ESOS,
 The Company is having only Equity Shares and no any other types of
 Disclosure in respect of voting rights not exercised directly by the
 employees in respect of company''s (share capital & shares to which the
 scheme debenture) rules relates
 No any shares exercised by the employees in the company.
 Particulars of Loans, Guarantees or Investments under Section 186
 The company does not have any Loans, Guarantees or Investments which
 are required to be reported under Section 186 of the Companies Act,
 2013 read with Companies (Meetings of Board and its Powers) Rules,
 Particulars of Contracts or Arrangements with Related Parties Referred
 to in Sub- Section (1) of Section 188
 During the year there are no contracts or arrangements with related
 parties referred to in Sub Section (1) of section 188 of Companies Act,
 2013 which are required to be reported in the director''s report under
 section 188 of Companies Act, 2013.
 Details of Directors or Key Managerial Personnel who were appointed or
 have resigned during the Year
 During the year no Directors or Key Managerial Personnel have been
 appointed or have resigned.
 Directors Responsibility Statement under Section 134 of the Companies
 Act, 2013:
 Pursuant to the requirement under Section 134 of the Companies Act,
 2013 with respect to the Directors'' Responsibility Statement, the Board
 of Directors of the Company hereby confirms:
 1) That in the preparation of the annual accounts, the applicable
 accounting standards had been followed along with proper explanation
 relating to material departures;
 2) That the Directors had 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 profit and
 loss of the company for that period;
 3) That the Directors had taken 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
 4) The directors had devised proper systems to ensure compliance with
 the provisions of all applicable laws and that such systems were
 adequate and operating effectively.
 Explanations or Comments:
 No any observations
 Details in respect of adequacy of Internal Financial Controls:
 The Company is having the adequate Internal Financial Controls
 Separate section containing a report on performance and subsidiaries,
 associates & JVs included in the Consolidated FS of the Co:
 Not Applicable.
 Disclosures under sexual harassment of women at work place (Prevention,
 Prohibition and Redressal Act, 2013)
 Statutory Auditors:
 M/s C. Ramachandram & Co. Chartered Accountants FRN:002864S, Hyderabad
 was appointed for five years up to 28th Annual General Meeting subject
 to ratification by the members for re-appointment at the Annual General
 The Company has received letters from them to the effect that their
 appointment, if made, would be within the prescribed limits under
 Section 141(3) (g) of the Companies Act, 2013 and that they are not
 disqualified for appointment.
 Auditors Report
 M/s. C. Ramachandram & Co. Chartered Accountants (ICAI Regn.
 No.002864S) have issued Auditors Report for the Financial Year ended
 31st March, 2015 and there are no qualifications in Auditors'' Report.
 The names of companies which have become or ceased to be Company''s
 Subsidiaries, joint ventures or associate companies during the year
 During the Financial Year, no company is ceased as Company''s
 Subsidiary, joint venture or associate company.
 Material Changes and Commitments
 The company does not have any operations.
 Energy Conservation:
 Not Applicable
 Development and Implementation of Risk Management:
 Not Applicable
 Change in the nature of business
 There is no change in the nature of business of the Company.
 Details of Significant Orders Passed by the regulators, courts, and
 No any orders passed by any courts.
 Your Directors also thank the Shareholders, Suppliers, Service
 Providers, Consultants and other Stakeholders for the confidence
 reposed in your Company and their continued patronage.
                                              BY THE ORDER OF THE BOARD
                                          For Terrygold (India) Limited
                                         For and on behalf of the board
 Place: Hyderabad                                         S.S.R.KISHEN
 Date: 17/08/2015                        Chairman and Managing Director
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `271 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `309 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `58 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `299 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स ऑप्शंस में `413 Cr की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `124 Cr की बिकवाली की
  • HSBC ON CASTROL : BUY रेटिंग, लक्ष्य बढ़ाकर `165/Sh
  • MS ON FUTURE RETAIL : Overweight रेटिंग, लक्ष्य घटाकर `540/Sh
  • CREDIT SUISSE ON ITC : Outperform रेटिंग, लक्ष्य `330/Sh
  • MORGAN STANLEY ON GRASIM : Overweight रेटिंग, लक्ष्य `875/Sh

अभी देखें

प्रॉपर्टी गुरु




(August 06, 2018)

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