| The Members
Anubhav Industrial Resources Limited
The Directors' present the Annual report on the business and
operations of your Company for the year 2013-14.
FINANCIAL RESULTS AND FUTURE OUTLOOKS:
During the year under Report, the Company has earned a Profit of Rs.
32547/- for the year ended 31st March, 2014 as against loss of Rs.
22161/- in the previous year.
DIVIDEND:
In view of conserving the resources, your directors do not recommend
any dividend for the financial year 2013-14
DIRECTORS:
MR. Ramesh Kumar Khetan, Director of the Company is liable to retire by
rotation at the ensuing Annual General Meeting and being eligible,
offer himself for re-appointment.
Mr. Ramesh Kumar Khetan who was been appointed as additional director
in the board meeting dated June 24, 2014 has been regularized as
director in the Annual General Meeting.
Mr. Vijay Pandere who was been appointed as additional director in the
board meeting dated June 24, 2014 has been regularized as director in
the Annual General Meeting.
Mr. Santosh Mohite who was been appointed as additional director in the
board meeting dated October 15, 2013 has been regularize as director in
the Annual General Meeting.
Mr. Vijay Garg and Ms. Rita Garg has been resigned from Board dated
October 15, 2013 CORPORATE GOVERNANCE
The Company has vigorously striven to follow the best corporate
governance practices aimed at building trust among the key
stakeholders, shareholders, employees, customers, suppliers and other
stakeholders on four key elements of corporate governance -
transparency, fairness, disclosure and accountability
MANAGEMENT DISCUSSION AND ANALYSIS
The Management Discussion and Analysis Report on the operations of the
Company is provided in a separate section and forms part of this Report
PARTICULARS OF EMPLOYEES
No employee is covered under the Provisions of Section 217 (2A) of the
Companies Act, 1956 read with Companies (Particulars of Employees)
Rules, 1975.
DEPOSITS
The Company has not invited/accepted any deposits from the public
during the financial year ended March 31,2014. There were no unclaimed
or unpaid deposits as on March 31,2014.
INFORMATION UNDER SECTION 217 (1) (e) OF THE COMPANIES ACT, 1956
The particulars relating to conservation of energy and technology
absorption required to be furnished pursuant to 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 pertaining
to conservation of energy and technology absorption, are not applicable
to the Company.
Foreign Exchange Earnings and Outgo:
(a) Activities relating to exports; : N.A.
initiatives taken to increase exports
development of new export markets
for products and services and export plans
(b) Foreign Exchange Earned : Rs. Nil
(Previous year : Rs. Nil)
(c) Foreign Exchange Used : Rs. Nil
(Previous Year : Rs. Nil)
DIRECTORS' REPONSIBILITY STATEMENT
Pursuant to Section 217(2AA) of the Companies Act, 1956, as amended by
the Companies (Amendment) Act, 2000, the Directors confirm that -
(i) in the preparation of the annual accounts, the applicable
accounting standards have been followed with proper explanations
relating to material departures, if any.
(ii) appropriate accounting policies have been selected and applied
consistently and the Directors have 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 as at 31st March, 2014 and of the
Profits for the financial year from 1st April, 2013 to 31st March,
2014.
(iii) proper and sufficient care has been taken 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.
(iv) the annual accounts have been prepared on a going concern basis.
AUDITORS AND AUDITORS' REPORT:
M/s. Shyam C. Agarwal & Co, Chartered Accountants, existing Auditors
will retire at the conclusion of the ensuing Annual General Meeting.
Pursuant to the provisions of Section 139 of the Companies Act, 2013
and Companies (Audit and Auditors) Rules, 2014 and have expressed their
unwillingness to continue as the statutory auditor of the Company. The
Board of Directors at their meeting held on September 4, 2014 had
recommended M/s. Shyam C. Agarwal & Co., Chartered Accountant, Mumbai,
as the statutory auditor of the Company.
M/s. Shyam C. Agarwal & Co.,, Chartered Accountants, Mumbai, are
proposed to be appointed as Auditors, to hold office up-to the
conclusion of the next Annual General Meeting.
Pursuant to the provisions of Companies (Audit and Auditors) Rules,
2014, M/s. Shyam C. Agarwal & Co.,, Chartered Accountants has certified
that the following:
a. They are eligible for appointment and are not disqualified for
appointment under the Companies Act, 2013, the Chartered Accountants
Act, 1949 and rules/regulations made thereunder;
b. The proposed appointment is as per the term provided under the
Companies Act, 2013;
c. The proposed appointment is within the limits laid down by or under
the authority of the Companies Act, 2013;
d. There are no proceedings against the audit firm or any partner of
the audit firm pending with respect to professional matters of conduct.
The Board of Directors recommends to the shareholders the appointment
of M/s. Shyam C. Agarwal & Co.,, Chartered Accountants, as Auditors of
the Company.
The observations and comments given in the report of the Auditors read
together with notes to accounts are self explanatory and hence do not
call for any further information and explanation under Section 217(3)
of the Companies Act, 1956.
ACKNOWLEDGEMENTS
Your Board takes this opportunity to place on record its appreciation
for the dedication and commitment of employees shown at all levels
which have contributed to the success of your Company. Your Directors
also express their gratitude for the valuable support and co-operation
extended by various Governmental authorities, including Ministry of
Information and Broadcasting, Department of Telecommunication, Ministry
of Corporate Affairs, Stock Exchanges, Depositories and other
stakeholders including banks, financial Institutions, viewers, vendors
and service providers.
For & on behalf of the Board of Director
Date: 14/08/2014
Place: Chandigarh
Sd/- Sd/-
Vidya Chalke Santosh Mohite
Director Director
DIN: 02903650 DIN: 02953365
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