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वर्धमान लैब निदेशकों की रिपोर्ट, वर्धमान लैब निर्देशकों द्वारा रिपोर्ट

वर्धमान लैब

बीएसई: 524796  |  NSE: N.A  |  ISIN: INE503F01014  |  Pharmaceuticals

खोजें वर्धमान लैब कनेक्शन Mar 13
निदेशकों की रिपोर्ट वर्षांत : Mar '14
Dear Members,
 
 The Directors are pleased to present the 29th Annual Report together
 with the Audited Accounts for the financial year ended 31st March,
 2014.
 
 FINANCIAL RESULTS:
 
                                                            (Amt in Rs)
 
 Particulars                                    2013-2014     2012-2013
 
 Sales & Other Income                            1,68,188        94,000
 
 Cost of Sales and Expenditure                   3,86,876      3,69,640
 
 Profit/(Loss) Before Depreciation
 Exceptional and Extraordinary
 items and Tax                                 (2,18,688)    (2,75,640)
 
 Less: Depreciation                                     -             -
 
 Profit/(Loss) Before Exceptional and
 Extraordinary items and Tax                   (2,18,688)    (2,75,640)
 
 Less: Exceptional Items                                -             -
 
 Profit/(Loss) Before Extraordinary
 items and Tax                                 (2,18,688)    (2,75,640)
 
 Add: Extraordinary Items                               -    (1,66,836)
 
 Profit/(Loss) Before Tax                      (2,18,688)    (4,42,476)
 
 Less: Provision Before Tax - Current                   -    (5,16,169)
 
                              Deferred                  -             -
 
 Net Profit/(Loss) for the Year                (2,18,688)    (9,58,645)
 
 
 During the period under review, the Sales & Other Income were Rs. 1.69
 Lacs and the Company has incurred a Net Loss before tax of Rs. 2.19
 Lacs.
 
 DIVIDEND:
 
 Keeping in view the financial status of the Company, your Directors do
 not recommend any dividend.
 
 PUBLIC DEPOSITS:
 
 Your Company has not accepted any deposit from the public within the
 meaning of section 58A of the Companies Act, 1956 during the year under
 review.
 
 SHARE CAPITAL & LISTING:
 
 Your Company is being traded with Bombay Stock Exchange Limited. The
 Company provides the facility to all members, investors & shareholders
 to dematerialise their shares through the services of National
 Securities Depository Limited.
 
 DIRECTORS:
 
 None of the Directors are disqualified from being appointed as Director
 as specified under Section 164(2) of the Companies Act, 2013.
 
 As per the provision of the Companies Act, 2013, Mr. Dharamchand Shah
 will retire in the ensuing AGM and being eligible, seek re-appointment.
 The Board of Directors recommend his re-appointment.
 
 The Company has, pursuant to the provisions of Clause 49 of the Listing
 Agreements entered into with Stock Exchanges, appointed Mr. Umesh
 Shivgonda Patil, Mr. Dayanand Babajirao Naik & Mr. Rajendra Vitthal
 Petare, as Independent Directors of the Company. The Company has
 received declarations from the said Independent Directors of the
 Company confirming that they meet the criteria of independence as
 prescribed both under sub-section (6) of Section 149 of the Companies
 Act, 2013 and under the said Clause 49. In accordance with the
 provisions of Section 149(4) and proviso to Section 152(5) of the
 Companies Act, 2013, these Directors are being appointed as Independent
 Directors to hold office as per their tenure of appointment mentioned
 in the Notice of the forthcoming AGM of the Company.
 
 The brief resume of Mr. Dharamchand Shah, Mr. Umesh Shivgonda Patil,
 Mr. Dayanand Babajirao Naik & Mr. Rajendra Vitthal Petare as required
 in terms of Clause 49 of the Listing Agreement with the stock
 exchanges, is included as annexure to this Annual Report.
 
 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:
 
 1. That in the preparation of the annual accounts for the financial
 Period ended 31st March, 2014, the applicable accounting standards have
 been followed along with proper explanation relating to material
 departures;
 
 2. That the Directors 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 Period;
 
 3. 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;
 
 4. That the Directors have prepared the accounts for the financial
 Period ended 31st March, 2014 on a going concern basis.
 
 AUDITORS:
 
 M/s. Agrawal Naredi & Co., Chartered Accountants, Jalgaon (Firm
 Registration No. 122480W), retire at the ensuing Annual General Meeting
 and have confirmed their eligibility and willingness to accept office,
 if re-appointed.
 
 A resolution seeking members approval for the appointment of the said
 auditors have been included in the notice for the Annual General
 Meeting. The Directors recommend their appointment.
 
 AUDITORS OBSERVATIONS:
 
 Observations made in the Auditors'' Report for the year ended 31st
 March, 2014 are self explanatory and therefore do not require further
 comments in this Annual Report.
 
 SECTION 383A OF THE COMPANIES ACT, 1956:
 
 The Company has obtained a Compliance Certificate from M/s. V.V.
 Chakradeo & Co., a Company Secretary in Whole Time Practice confirming
 that the Company has complied with the provisions of Companies Act,
 1956.
 
 CORPORATE GOVERNANCE:
 
 Your Company is committed to follow the guidelines of SEBI and Stock
 Exchanges from time to time Your Company implemented all of its major
 stipulation as applicable to the Company. The Statutory Auditors''
 certificate dated 29/05/2014, in accordance with clause 49 of Listing
 agreement and a report on Corporate Governance is annexed here to and
 forming part of the Directors'' Report.
 
 DISCLOSURE UNDER SECTION 217 (1) (e) OF THE COMPANIES ACT, 1956:
 
 Information as required under Section 217 (1) (e) of the Companies Act,
 1956 read with the Companies (Disclosure of particulars in the report
 of Board of Directors) Rules, 1988 are given in the annexure forming
 part of this report. Further, during the year under review, the Company
 has not transacted in Foreign Exchange.
 
 PARTICULARS OF EMPLOYEES:
 
 During the year under review, there were no employees drawing
 remuneration of Rs. 60,00,000 p.a. or Rs. 5,00,000 p.m. or more. Hence
 there is no information to be provided in accordance to Section 217
 (2A) of the Companies Act, 1956 read with the Companies (Particulars of
 employees) Rule 1975.
 
 ACKNOWLEDGEMENTS:
 
 The Board records its gratitude for all the Bankers of the Company for
 their continued support and confidence maintained throughout the year
 and look forward to better the same. Your Board takes this opportunity
 to record its appreciation to all who have supported the Company in its
 development.
 
 
                                     By Order of the Board of Directors
                                     For Vardhaman Laboratories Limited
 
 Place:- Sangli
 Date: 29/05/2014
 
 Registered Office:                    Sunil D Shah    Dharamchand Shah
 1393, Peth Bhag,                 Managing Director            Chairman
 High School Road,
 Sangli - 416 416.
स्रोत: रेलीगरे टेचनोवा

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