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We Win Ltd. Directors Report
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You can view full text of the latest Director's Report for the company.
Market Cap. (Rs.) 68.03 Cr. P/BV 2.87 Book Value (Rs.) 23.35
52 Week High/Low (Rs.) 109/36 FV/ML 10/1 P/E(X) 28.34
Bookclosure 22/09/2023 EPS (Rs.) 2.36 Div Yield (%) 0.00
Year End :2018-03 

The Directors have pleasure in presenting the Board's Report of the Company, together with the Audited Financial Statements (Consisting of Balance Sheet, Statement of Profit & Loss and Cash Flow Statement) and the Auditor's Report of the Company for the Financial Year ended 31st March, 2018.

1. FINANCIAL HIGHLIGHTS:

(Rupees in Lakhs)

Particulars

31st March 2018 (Rs.)

31st March 2017 (Rs.)

Revenue From operation

1771.23

1521.30

Other Income

24.77

7.04

Total Revenue

1,796.00

1,528.33

Profit (Loss) before tax

166.28

265.70

Current Tax

69.98

99.00

Deferred Tax

(9.94)

(22.03)

Profit / (Loss) After Tax

106.24

188.10

Earnings per Share (Rs.):-

Basic:

3.14

7.60

Diluted:

3.14

7.60

2. STATE OF COMPANY'S AFFAIRS:

During the financial year under review, the total Income (including other income) of the Company was Rs. 1,796 Lakhs against Rs. 1,528.33 Lakhs in the previous year. The Company has earned a Profit after tax of Rs. 106.24 Lakhs as compared to profit after tax of Rs. 188.10 Lakhs/- in the previous year.

Your Directors are continuously looking for avenues for future growth of the Company.

3. DIVIDEND:

Your Directors do not recommend any dividend for the year ended 31st March, 2018.

4. TRANSFER TO RESERVES IN TERMS OF SECTION 134(3)(J) OF THE COMPANIES ACT, 2013:

During the financial year under review, the Company has not transferred any amount to General Reserve account.

5. MATERIAL CHANGES BETWEEN THE END OF FINANCIAL YEAR AND DATE OF THE BOARD'S REPORT:

No material changes and commitments affecting the financial position of the Company occurred between the end of the financial year to which these financial statements relate and on the date of this report.

6. CHANGE IN THE NATURE OF BUSINESS:

There is no change in the nature of the business of the Company during the year.

7. WEB ADDRESS, WHERE ANNUAL RETURN U/S 92(3) HAS BEEN PLACED: www.surevin.com

8. MEETINGS OF THE BOARD OF DIRECTORS:

Following Meetings of the Board of Directors were held during the Financial Year 2017-18:

S. No.

Date of Meeting

Board Strength

No. of Directors Present

1

18/05/2017

5

5

2

05/06/2017

5

5

3

08/06/2017

5

5

4

14/07/2017

5

5

5

02/08/2017

5

5

6

05/08/2017

5

5

7

07/08/2017

5

5

8

14/08/2017

5

5

9

23/09/2017

5

5

10

14/11/2017

5

5

11

28/02/2018

5

4

9 DETAILS OF SUBSIDIARY/ ASSOCIATE COMPANIES/ JOINT VENTURES:

As on 31st March, 2018, the Company has following Associate Companies:

Sr.

No.

Name of the Company

Address

CIN/GLN

Subsidiary/

Associate

% of Shares held

Applica

ble

Section

1

Surevin

Weartech

40, Mandakini Housing Society,

U72900MP201

8PTC045213

Associate

40%

129(3) & 2(6)

Private Limited

Behind Reliance

Fresh, Kolar Road,

Bhopal (M.P.)

462042

Further statement containing the salient features of financial statements of aforesaid Subsidiary and Associate Companies are attached in Form AOC - 1 (Annexure I).

Further no Company has become or ceased to be Subsidiaries, Joint Ventures or Associate Company, during the financial year under review.

Surevin Weartech Private Limited incorporated on 08th March 2018 and has not yet closed its first financial year; therefore, company has not consolidated its financial statement with its associate company i.e. Surevin Weartech Private Limited.

10. PERFORMANCE OF SUBSIDIARY/ ASSOCIATES/JOINT VENTURE COMPANIES: NA

11. DIRECTORS:

(A) Changes in Directors and Key Managerial Personnel: NA

Mr. Abhishek Gupta (DIN: 01260263), Managing Director of the Company, who retire by rotation at the forthcoming Annual General Meeting and being eligible offer himself for reappointment.

(B) Declaration by Independent Directors:

Company has following two Independent Directors:

S. No.

Name & DIN

Date of Appointment

1

Ambreesh Tiwari

15/03/2017

(DIN: 01582960)

2

Awdhesh Shah

15/03/2017

(DIN: 00184656)

All the above named Independent Directors of the company have submitted their declarations to the effect that they meet the criteria of Independence as specified/provided in Section 149(6) of the Companies Act, 2013 and Regulation 16 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

A separate meeting of Independent Directors of the Company was conducted on 28th February, 2018 in terms of provisions of Schedule IV of the Companies Act, 2013. All the independent directors of the Company were present at the meeting.

(C) Re-appointment of Independent Directors: NA

(D) Formal Annual Evaluation:

Pursuant to the provisions of the Companies Act, 2013, Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Guidance Note on Board Evaluation issued by the Securities and Exchange Board of India on January 5, 2017, the Company has evaluated the performance of every Director, Independent Directors, Board and its Committees and Chairperson based on the criteria laid down by the Nomination and Remuneration Committee. Rating sheets were circulated to the directors for the purpose of evaluation. A summary of performance evaluation of the Board, its Committees and individual directors was prepared on the basis of rating sheets received from the individual directors and the same was placed before the Board.

12. AUDITORS:

(A) Statutory Auditors:

In terms of the provisions of Section 139 of the Companies Act, 2013, members of the Company in the 10th Annual General Meeting (AGM) held on 15th June, 2017 has appointed M/s Sandeep Mukherjee & Associates, Chartered Accountants (FRN: 009942C), as the Statutory Auditors of the Company for a period of three years i.e. up to the conclusion of the 13th AGM of the Company for the financial year 2019-20. The Company has already received the written consent and certificate pursuant to Section 139 of the Companies Act 2013 from M/s Sandeep Mukherjee & Associates, Chartered Accountants (FRN: 009942C), confirming their consent and eligibility under Section 139 and 141 of the Companies Act, 2013.

There are no qualifications or adverse remarks in the Auditors Report which required any clarification/explanation. The notes on financial statements are self-explanatory, and needs no further explanation.

Further the Auditors' Report for the financial year ended, 31st March, 2018 is annexed herewith for your kind perusal and information.

(B) Secretarial Auditors:

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and Rules made thereunder, the Company has appointed M/s S. Anjum & Associates, Practising Company Secretaries, to undertake the secretarial audit of the Company. Secretarial Audit Report for the financial year 2017-18 in the prescribed Form MR-3 is annexed to this Report. (ANNEXURE- II)

Pursuant to the provisions of Section 204(3) and 134(3) of the Companies Act, 2013, the Board of Directors of the Company Provides clarification with regard to the qualifications/ observations made/raised by the Secretarial Auditor in Secretarial Audit Report.

Company is in compliance with all the provisions of various acts applicable to the Company. However due to some unavoidable technical reasons/ practical difficulty, the Company has missed some point, of which the company taken note of and will ensure compliance in the future.

(C) Cost Auditors: NA

13. LOANS, GUARANTEES AND INVESTMENTS:

As on 31st March 2018, Company has given following Loans, Guarantee or provided securities and made Investments under section 186 of the Companies Act, 2013:

Sr.

Particular/Purpose/

Amount of

No.

Nature of Transaction

Transaction

1.

Investment in 4,000 Equity Shares of Rs. 10 each of Surevin Weartech Private Limited

Rs. 40,000/-

Total

Rs. 40,000/-

14. RELATED PARTY TRANSACTIONS:

During the financial year under review, the Company has not entered into any contracts / arrangements / transactions with its related parties under Section 188(1) of the Companies Act 2013. (ANNEXURE- III)

15. CORPORATE SOCIAL RESPONSIBILITY (CSR): NA

16. CONSERVATION OF ENERGY:

In terms of Section 134(3)(m) of the Companies Act, 2013 and the rules made there under, relevant information about:

(i) The steps taken or impact on conservation of energy: Nil

(ii) the steps taken by the company for utilizing alternate sources of energy: Nil

(iii) the capital investment on energy conservation equipments: Nil

17. TECHNOLOGY ABSORPTION:

In terms of Section 134(3)(m) of the Companies Act, 2013 and the rules made there under, relevant information about:

(i) the efforts made towards technology absorption: Nil

(ii) the benefits derived like product improvement, cost reduction, product development or import substitution: Nil

(iii) in case of imported technology (imported during the last three years reckoned from the beginning of the financial year)-

(a) the details of technology imported: Nil

(b) the year of import: Nil

(c) whether the technology been fully absorbed: Nil

(d) if not fully absorbed, areas where absorption has not taken place, and the reasons thereof: Nil

(iv) the expenditure incurred on Research and Development: Nil

18. FOREIGN EXCHANGE EARNINGS AND OUTGO:

In terms of Section 134(3)(m) of the Companies Act, 2013 and the rules made there under, relevant information about:

(i) The Foreign Exchange earned in terms of actual inflows during the year: Nil

(ii) The Foreign Exchange outgo during the year in terms of actual outflows: Nil

19. RISK MANAGEMENT:

Risks are events, situations or circumstances which may lead to negative consequences on the Company's businesses. Risk management is a structured approach to manage uncertainty. A formal enterprise wide approach to Risk Management is being adopted by the Company and key risks will now be managed within a unitary framework. As a formal roll-out, all business divisions and corporate functions will embrace Risk Management Policy and Guidelines, and make use of these in their decision making. Key business risks and their mitigation are considered in the annual/strategic business plans and in periodic management reviews. The risk management process in our multi-business, multi-site operations, over the period of time will become embedded into the Company's business systems and processes, such that our responses to risks remain current and dynamic.

20. INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE FINANCIAL STATEMENTS:

The Company has in place adequate internal financial controls with reference to financial statements.

21. DETAILS OF FRAUDS REPORTABLE U/S 143(12):

During the year under review, there is no fraud being or has been committed in the Company or against the Company by officers or employees of the Company, which are reportable by the Auditors to the Central Government or to the Board or to the Audit Committee under Section 143(12) of the Companies Act, 2013; therefore no disclosure required in this regard.

22. DEPOSITS:

Your Directors state that no disclosure or reporting is required in respect of Details relating to deposits covered under Chapter V of the Act, because there were no transactions on these items during the financial year under review.

During the financial year under review, the Company has accepted unsecured loans of Rs. 65,95,936/- from Directors of the Company.

23. VIGIL MECHANISM:

As per provisions of Section 177(9) and Section 177(10) of the Companies Act, 2013, the Company has established a Vigil Mechanism for directors and employees to report their genuine concerns and said mechanism is overseen by the Audit Committee of the Company and the Company has also made provisions for direct access to the Chairman of the Audit Committee.

24. COMMITTEES OF THE BOARD:

The Company's Board has following Committees:

A. Audit Committee:

Pursuant to the provisions of Section 177 of the Companies Act, 2013 and rules made there under, the Board has constituted Audit Committee. The Audit Committee consists of three Directors out of which two are Independent Directors. The Chairman of the Audit committee is an Independent Director. Committee consists of the following Directors:

S. No.

Name & DIN

Status (Chairman/ Member)

Category

1

Awdhesh Shah (DIN- 00184656)

Chairman

Independent/

Non-executive

2

Ambreesh Tiwari (DIN- 01582960)

Member

Independent/

Non-executive

3

Abhishek Gupta (DIN- 01260263)

Member

Promoter/ Executive

During the financial year under review, the Board has accepted all the recommendations of the Audit Committee.

B. Nomination and Remuneration Committee:

Pursuant to the provisions of Section 178 of the Companies Act, 2013 and rules made there under, the Board has constituted Nomination and Remuneration Committee. The Nomination and Remuneration Committee consists of three non-executive Directors out of which two are Independent Directors. The Chairman of the Nomination and Remuneration Committee is an Independent Director. The table sets out the composition of the Committee:

S. No.

Name & DIN

Status (Chairman/ Member)

Category

1

Awdhesh Shah (DIN- 00184656)

Chairman

Independent/

Non-executive

2

Ambreesh Tiwari (DIN- 01582960)

Member

Independent/

Non-executive

3

Sonika Gupta (DIN- 01527904)

Member

Non Independent/ Non-executive

C. Stakeholders Relationship Committee:

The Board has constituted Stakeholders Relationship Committee in accordance with the provisions of Section 178 of the Companies Act, 2013 and rules made there under. The Stakeholders Relationship Committee consists of three Directors out of which two are Independent Directors. The Chairman of the Stakeholders Relationship Committee is an Independent Director. Committee consists of the following Directors:

S. No.

Name & DIN

Status (Chairman/ Member)

Category

1

Ambreesh Tiwari (DIN- 01582960)

Chairman

Independent/

Non-executive

2

Awdhesh Shah (DIN- 00184656)

Member

Independent/

Non-executive

3

Sonika Gupta (DIN- 01527904)

Member

Promoter/ Non- executive

D. Corporate Social Responsibility (CSR) Committee:

The Board has constituted Corporate Social Responsibility (CSR) Committee in accordance with the provisions of Section 135 of the Companies Act, 2013 and rules made there under. The Corporate Social Responsibility (CSR) Committee consists of three Directors out of which two are Non-Executive Directors. Committee consists of the following Directors:

S. No.

Name & DIN

Status (Chairman/ Member)

Category

1

Abhishek Gupta (DIN: 01260263)

Chairman

Promoter/

executive

2

Sita Ram Gupta (DIN: 07620362)

Member

Non Independent/ Non-executive

3

Awdhesh Shah (DIN- 00184656)

Member

Independent/

Non-executive

25. REMUNERATION POLICY:

The remuneration policy as recommended by the Nomination and Remuneration Committee and approved by Board in Board meeting is annexed to this Report. (ANNEXURE- IV)

26. PARTICULARS OF EMPLOYEES:

The information required under Section 197 of the Act read with rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are given below:

a. The ratio of the remuneration of each Director to the median remuneration of the employees of the Company for the financial year:

S. No.

Name

Designation

Ratio to median remuneration

01.

Mr. Abhishek Gupta (DIN: 01260263)

Managing Director

12.38%

02.

Mrs. Sonika Gupta (DIN: 01527904)

Director

12.38%

b. The percentage increase in remuneration of each Director, Chief Executive Officer, Chief Financial Officer, Company Secretary in the financial year:

There was 16% increase in the remuneration of Mr. Abhishek Gupta (DIN: 01260263) Managing Director and Mrs. Sonika Gupta (DIN: 01527904) Director. However there was no increase in the remuneration of Mr. Pradeep Karambelkar Chief Financial Officer and Mr. Ashish Soni Company Secretary & Compliance Officer in the financial year 2017-18.

c. The percentage increase in the median remuneration of employees in the financial year:

Particulars

2017-18

2016-17

Percentage increase in median

remuneration in 2017-18

Median Remuneration of

108000

120000

(10%)

employees

d. The number of permanent employees on the rolls of Company:

Total permanent employees as on 31.03.2018 are 107.

e. Average percentile increase already made in the salaries of employees other than the_ managerial personnel in the last financial year and its comparison with the percentile increase in the managerial remuneration and justification thereof and point out if there are any exceptional circumstances for increase in the managerial remuneration:

On an average individual employees remuneration increased by 9% from Financial year 2016-17 to Financial year 2017-18, There was 16% increase in the remuneration of Mr. Abhishek Gupta (DIN: 01260263) Managing Director and Mrs. Sonika Gupta (DIN: 01527904) Director in the financial year 2017-18.

The increase in remuneration is in line with the market trends, cost of living and to ensure the retention of skilled staff and compliance of Minimum wages Act.

There are no exceptional circumstances for increase in the managerial remuneration.

f. Affirmation that the remuneration is as per the remuneration policy of the Company:

The Company affirms that the remuneration is as per the remuneration policy of the Company.

g. Statement containing the particulars of employees in accordance with Rule 5 (2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014:

S.

Name &

Remuneration

Nature

qualification

experience

Date of

age

Last

Relative

N

Designation

(Per

of

commencement

Employment

of any

o.

Annum)

Employment

whether

Contractual or

otherwise

e

of

employment

held

Director /Manager of the Company

1.

Pradeep

17,40,00

Permanent

Bsc,

15

28-Sep-16

45

Self

Nil

Karambel

0/-

MBA

years

employed

kar

(Finance

(Chief

&

Financial

Marketing)

Officer)

2.

Shraddha

Chansoria

(Head-

Admin)

13,80,00

0/-

Permanent

MBA

7

years

31-Jan-16

38

Self

employed

Nil

3.

Vineeta

8,40,000/

Permanent

MBA

5

31-Dec-16

27

Job in

Nil

Gupta

-

(HR)

years

private

(Manager)

company

4.

Shashank

Jain

(Head-

Operation

s)

7,92,000/

Permanent

MBA,

B.Com

16

years

01-Apr-12

41

Job in private company

Nil

5.

Dhruw

Kumar

Mishra

(Project

Head)

6,00,000/

Permanent

MBA

15

years

06-Dec-17

47

Job in private company

Nil

6.

Manish

Prajapati

(Head-

Development)

5,04,000/

Permanent

MBA

11

years

01-Jul-15

42

Job in private company

Nil

7.

Neeraj

Gupta

(Manager)

4,80,000/

Permanent

MBA

12

years

10-Aug-17

40

Job in private company

Nil

8.

Rahul Singh Bais (Head-Business)

5,03,580/

Permanent

MBA

9

years

01-Apr-06

36

Job in private company

Nil

9.

Anjali

Patel

(Head-

HR)

4,31,640/

Permanent

M.Ed

15

years

18-June-07

43

Job in private company

Nil

1

0.

Atul Jain

(Head-

Finance)

4,31,640/

Permanent

B.Com

10

years

01-Oct-07

44

Job in private company

Nil

There was no employee who in terms of remuneration drawn:

i. If employed throughout the financial year, was in receipt of remuneration for that year which, in the aggregate, was not less than one crore and two lakh rupees.

ii. If employed for part of the financial year, was in receipt of remuneration for any part of that year, at a rate which, in aggregate, was not less than eight lakh and fifty thousand rupees per month.

iii. If employed throughout the financial year or part thereof, was in receipt of remuneration in that year which, in the aggregate, or as the case may be, at a rate which, in the aggregate, is in excess of that drawn by the managing director or whole-time director or manager and holds by himself or along with his spouse and dependent children, not less than two percent of the equity shares of the company.

27. Initial Public Offer:

During the financial year under review, the company came out with an Initial Public Offer of 9,12,000 Equity shares of a face value of Rs. 10/- each for cash at a price of Rs. 40/- per share.

Your directors are pleased to inform that company had successfully completed its Initial Public Offer the issue was oversubscribed by 55 times.

The Company received the trading approval for total 33,87,000 equity shares of EMERGE SME Platform of NSE Limited with effect from 09th August 2017 with ISIN INE082W01014 and symbol "SUREVIN"

The Company confirms that the annual listing fee to NSE Limited for the financial year 2018-19 has been paid.

28. SHARES IN SUSPENSE ACCOUNT AND UNCLAIMED SUSPENSE ACCOUNT:

There are no shares in Suspense Account and/or in Unclaimed Suspense Account.

29. CORPORATE GOVERNANCE:

As the Equity shares of the company are listed on Emerge SME Platform of NSE, by virtue of Regulation 15 of SEBI (Listing obligations & Disclosure Requirements) Regulations, 2015 the compliance with the corporate governance provisions as specified in regulations 17 to 27 and clause (b) to (i) of Sub-Regulation (2) of regulation 46 and para C, D, and E of Schedule V are not applicable to the company. Accordingly no reporting is required under this head.

30. MANAGEMENT DISCUSSION & ANALYSIS REPORT:

As per Regulation 34(2)(e) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company was required to prepare/attach a Management Discussion and Analysis Report as a part of this Board's Report or addition thereto and the same is attached as Annexure to this Report. (ANNEXURE- V)

INTER - SE RELATIONSHIP OF DIRECTORS:

S. No.

Name & DIN of Director

Relation with Directors

1

Abhishek Gupta

Son of Mr. Sitaram Gupta (DIN: 07620362) Director and

(DIN: 01260263)

spouse of Mrs. Sonika Gupta (DIN: 01527904) Director of the company.

2

Sonika Gupta (DIN: 01527904)

Daughter-in-law of Mr. Sitaram Gupta (DIN: 07620362) Director and spouse of Mr. Abhishek Gupta (DIN: 01260263), Managing Director of the company.

3

Sitaram Gupta (DIN: 07620362)

Father of Mr. Abhishek Gupta (DIN: 01260263), Managing Director and Father-in-law of Mrs. Sonika Gupta (DIN: 01527904), Director

4

Ambreesh Tiwari (DIN: 01582960)

No Relation with Directors

5

Awdhesh Shah (DIN: 00184656)

No Relation with Directors

31. DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to Section 134(3)(c) and 134(5) of the Companies Act, 2013 the Directors confirm that:

(a) in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

(b) 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 or loss of the company for that period;

(c) the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

(d) the directors had prepared the annual accounts on a going concern basis; and

(e) the directors, had laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively.

(f) 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.

Your Director's further state that company has complied with provisions relating to the constitution of internal complaints committee under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

32. MAINTENANCE OF COST RECORD U/S 148(1) OF THE COMPANIES ACT 2013: NA

33. COMPLIANCES OF SECRETARIAL STANDARDS:

The Directors have devised proper systems to ensure compliance with the provisions of all applicable Secretarial Standards and that such systems are adequate and operating effectively.

34. DEVIATION IN UTILSATION OF FUND:

The Company has utilized the funds received from IPO for objects stated in the Offer Document therefore there is no deviation in utilization of fund.

35. ACKNOWLEDGEMENT:

Your Directors wish to express their grateful appreciation to the continued co-operation received from the Banks, Government Authorities, Customers, Vendors and Members/Shareholders during the year under review. Your Directors also wish to place on record their deep sense of appreciation for the committed service of the Executives, staff and Workers of the Company.

Place: Bhopal For & on behalf of the Board of Directors

Dated: 21/08/2018

-sd- -sd-

Abhishek Gupta Sonika Gupta

(DIN: 01260263) (DIN: 01527904)

Managing Director Director


KYC IS ONE TIME EXERCISE WHILE DEALING IN SECURITIES MARKETS - ONCE KYC IS DONE THROUGH A SEBI REGISTERED INTERMEDIARY (BROKER, DP, MUTUAL FUND ETC.), YOU NEED NOT UNDERGO THE SAME PROCESS AGAIN WHEN YOU APPROACH ANOTHER INTERMEDIARY. | PREVENT UNAUTHORISED TRANSACTIONS IN YOUR ACCOUNT --> UPDATE YOUR MOBILE NUMBERS/EMAIL IDS WITH YOUR STOCK BROKER/DEPOSITORY PARTICIPANT. RECEIVE INFORMATION/ALERT OF YOUR TRANSACTIONS DIRECTLY FROM EXCHANGE/NSDL ON YOUR MOBILE/EMAIL AT THE END OF THE DAY .......... ISSUED IN THE INTEREST OF INVESTORS
 
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Attention Investors : "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
  "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
  "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participants. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day.Issued in the interest of Investors."
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