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Aarnav Fashions Ltd.

You can view full text of the latest Director's Report for the company.
Market Cap. (₹) 67.15 Cr. P/BV 4.29 Book Value (₹) 10.42
52 Week High/Low (₹) 51/16 FV/ML 10/1 P/E(X) 372.92
Bookclosure 29/09/2019 EPS (₹) 0.12 Div Yield (%) 0.00
Year End :2014-03 
Dear Members,

The have pleasure in presenting the Annual Report of the Company Along with the audited statements of Accounts for the year ended 31st March, 2014.


During the year under review Company has earned Income of Rs 41882/- as compared to the income Rs. 9286356/- for the previous year and create a profit of Rs. 15.789 /- as compared to the

profit of Rs. 58,136/- for the previous year.


As the Company has earned marginal profit in the current financial year, therefore, the directors are unable to recommend dividend for the year under review.


The Company has not accepted any Deposits from the public within the meaning of Section 58A of the Companies Act, 1956 and Rules made there under.


in the ensuing Annual General Meeting, Shri Rahulkumar Kankariya will retire by rotation and being eligible offer himself for reappointment.

There being no other change in directorship during the year under review.


Pursuant to the requirement under section 217(2AA) of the Companies Act, 1956, which requires company to give a Directors Responsibility statement, your directors hereby confirm -

That in preparation of annua! accounts, the applicable accounting standards had been followed along with proper explanation relating to material departure.

That Company has selected Mercantile accounting policies and applied them consistently and made judgements and estimates that arc 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 of the company for that period.

That the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for the safeguarding the assets of the company and for preventing and detecting fraud and other irregulations.

That the Directors had prepared the annual accounts on a going concern basis.


The Auditors M/s Mehta Lodha & Co., Chartered Accountants retire and offer themselves for reappointment.


Auditor has raised a query in respect not having an Internal Audit System, Your director submit that in our opinion, there are adequate internal procedures commensurate with the size and nature of it's business. We ensure that as and when there is an increase in transaction of the Company, Company will appoint Internal Auditor.

There is no adverse comment except mentioned above in the Auditors' Report which requires any further explanation under Section 217 (3) of the Companies Act, 1956.


The Company does not have any employee receiving remuneration of Rs.5,00,000/- per month or Rs.60,00,000/- per annum and therefore, no particulars are required to be furnished under section 217(2A) of the Companies Act, 1956.


The particulars regarding conservation of energy, Technology upgradation and Foreign Exchange earnings and outgo, pursuant of Companies (Disclosure of particulars in the report of Board of directors) Rules, 1988 are nil.


The Company places on record its deep appreciation for all those who have been associated with the company and have continued their support towards the growth and stability of the company.

Place: Ahmedabad For & on behalf of the board of Directors Date: 8th July, 2014

                             Rakeshkumar Kankariya    Rahul Kunkariya
                             Director                 Director
                         DIN:00314184            DIN: 00314234
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