| Dear Members,
The Directors of your Company have pleasure in submitting their Annual
Report together with the Audited Statement of Accounts for the year
ended 31st March, 2015.
(Rs.In Lacs )
Particulars Year ended Year ended
31-03-15 31-03-14
Gross Turnover 1527.56 1434.28
Profit before Finance Costs, Depreciation,
Extraordinary items & Tax 72.89 65.65
Less: Finance Costs 42.01 28.25
Less: Depreciation And Amortization 7.17 19.21
Profit Before Tax (BPT) 23.71 18.19
Provision for Tax 7.83 6.62
Profit After Tax 15.88 11.57
Balance brought forward from previous year 29.82 18.25
Profit Available for appropriation 15.88 29.82
Securities Premium 17.79 -
Balance Carried to Balance Sheet 63.49 29.82
Paid-up Capital 169.23 84.50
Reserve and Surplus 63.49 29.82
PERFORMANCE :
Your Company registered a remarkable growth in its operations. The
Operating profit before charging depreciation and finance cost amounted
to Rs.72.89 lacs against Rs.65.65 lacs in the preceding year,
representing a rise of 11.02%. Profit after tax amounted to Rs.15.88
lacs against Rs.11.57 lacs in the preceding year due to implementation
of cost reduction measures & increase in productivity.
DIVIDEND:
In view of requirement of financial resources and considering the
future requirements of funds, your Directors are unable to recommend
any Dividend for the year ended 31st March 2015
LISTING ON SME PLATFORM OF THE BSE LIMITED:
Yours Directors are pleased to inform you that your Company
successfully listed its Securities on the SME Platform of the BSE
Limited on 07-07-2015 and the Company has paid Listing Fees for the
year 2015-16
INITIAL PUBLIC OFFERING:
Post Completion of initial public offer (IPO) of shares, your Company
has fully spent/ utilized the proceeds of the funds raised under IPO as
per the objects of the issue.
BUSINESS:
Efforts are being made to provide better result than earlier years. In
view of the increased activities and expansions and programs to grab
the emerging opportunities.
DIRECTORS:
At the ensuing Annual General Meeting, Ms.Aggarwal Prem Tanvi director
retire by rotation in terms of the Articles of Association of the
Company and being eligible, offers herself for reappointment. A brief
profile of the director is given in the notice of the 4th Annual
General Meeting
A brief resume of director retiring by rotation seeking appointment at
the ensuing Annual General Meeting, nature of her expertise in specific
functional areas and names of companies in which she hold directorship
and or membership/chairmanship of Committees of Board as stipulated
under clause 49 of the Listing Agreement with the Stock Exchanges, are
given in the section of Annual Report.
FIXED DEPOSITS:
The Company has not accepted any fixed deposits from the public within
the meaning of the Companies (Acceptance of Deposits) Rules 1975 during
the year.
INSURANCE:
All the properties and the insurable interest of the company including
building, plants and machinery and stocks wherever necessary and to the
extent required have been adequately insured.
AUDITORS:
M/s.Balaji & Thulasiraman, Chartered Accountants, the auditors of the
company, be and is hereby ratified for the financial year 2015-16 at
such remuneration as may be determined by the Board of Directors of the
Company.
AUDITORS' REPORT:
In the opinion of the directors, the notes to the accounts are
self-explanatory and adequately explained the matters, which are dealt
with by the auditors.
DIRECTORS' RESPONSIBILITY STATEMENT:
Pursuant to the provisions of Section 134 of the Act, your Directors
hereby confirm the following:
That in the preparation of the annual accounts, the applicable
accounting standards had been followed along with proper explanation
relating to material departures;
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 year ended 31.03-2015 and of
the Profit & Loss of the Company for that period;
That they 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 irregularities.
That the directors have prepared the annual accounts on a going concern
basis
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