| The Members,
TYPHOON HOLDINGS LIMITED
The Directors have pleasure in presenting the Annual Report of the
Company together with the Audited Annual Accounts for the year ended
31st March, 2014.
FINANCIAL RESULTS
PARTICULARS Year ended March 31, Year ended March 31,
2014 (In Rs.) 2013 (In Rs.)
Profit/(Loss) before
depreciation and taxes (2,67,871) (2,53,019)
Net Profit/(Loss) before
Tax (2,67,871) (2,53,019)
Less: Provision for Tax 0 0
Net Profit/(Loss) after Tax (2,67,871) (2,53,019)
OPERATIONS
The Company has made a loss of Rs. 2,67.871/- in the year under report
as against Rs. 2,53,019/- in the previous year.
CORPORATE GOVERNANCE
The paid-up Capital of the Company being less than Rupees Three Crores,
the Clause 49 of the Listing Agreement is not applicable to the
Company.
DIVIDEND
No Dividend is declared or recommended by the Board of Directors of the
Company during the year in view of the losses.
DIRECTORS' RESPONSIBILITY STATEMENT
Pursuant to the requirements u/s. 217(2AA) of the Companies Act, 1956,
your Directors hereby state and confirm that :
i) I n preparation of the annual Accounts, the applicable Accounting
Standards have been followed along with proper explanations relating to
material departures, if any;
ii) They have selected the 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 the affairs
of the Company at the end of the financial year under review and for
Loss of the Company for the same period.
iii) They 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 irregularit ies;
iv) Annual Accounts are prepared on a going concern basis.
AUDITORS
M/s. D M Oza & Associates, Chartered Accountants, statutory Auditors of
the Company retire at the conclusion of the ensuing Annual General
Meeting and are eligible for re-appointment. The Company has received a
letter to the effect that their appointment, if made, would be within
the prescribed limit under section 224(1-B) of the Companies Act, 1956.
AUDITORS' REPORT
The comments in the Auditor's Report with Notes of Accounts and
Schedules are self explanatory.
PUBLIC DEPOSITS
During the year, the Company has not accepted any public deposit u/s.
58A of the Companies Act, 1956 and the rules made there under.
PARTICULARS OF THE EMPLOYEES
The Company does not have any employee who is in receipt of
remuneration aggregating to the sum prescribed u/s. 217(2A) of the
Companies Act, 1956 read with the Companies (Particulars of Employees)
Rules, 1975 as amended till date.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE
EARNINGS & EXPENDITURE
The Company has no activities relating to conservation of energy and
technology absorption. There are no foreign exchange transactions
during the year.
LISTING
The Equity Shares of the Company is listed at the Bombay Stock Exchange
Limited (BSE).
ACKNOWLEDGEMENTS
Your Directors take opportunities to show gratitude towards
co-operation received from Shareholders and other Agencies.
By Order of the Board
TYPHOON HOLDINGS LIMITED
DIRECTOR DIRECTOR
Place : Mumbai
Date : September 02, 2014
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