Mobile Nav

Market

DIRECTOR'S REPORT

Andhra Pradesh Tanneries Ltd.

You can view full text of the latest Director's Report for the company.
Market Cap. (₹) 0.00 Cr. P/BV 0.00 Book Value (₹) -52.46
52 Week High/Low (₹) 8/5 FV/ML 10/50 P/E(X) 0.00
Bookclosure 20/06/2019 EPS (₹) 0.00 Div Yield (%) 0.00
Year End :2014-03 
DEAR MEMBERS,

The Directors have pleasure in presenting the Fortieth Annual Report together with the Statement of Accounts for the year ended on March 31, 2014

FINANCIAL RESULTS

                                            2013-2014         2012-2013
                                                 (Rs)              (Rs)

Sales                                               -                 -

PROFIT                                              -                 -

Less:
 
Depreciation                                   30,712            30,712
Interest

PROFIT BEFORE TAX                         (18,50/487)       (16,38,309)
Less: Provision for Taxation

Current Tax                                         -                 -

Deferred Tax                                        -                 -

PROFIT AFTER TAX                          (18,81,199)       (16,69,021)

Surplus brought forward from
Previous Year                          (13,10,18,329)    (12,93,49,308)

PROFIT AVAILABLE FOR APPROPRIATION                  -                 -

General Reserve                                     -                 -

Proposed Dividend                                   -                 -
Tax on Proposed Dividend

Surplus Carried Forward                (13,28,99,528)    (13,10,18,329)
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS & OUTGO

During the year the Company had strict control on wasteful electrical consumption. Lights and power were switched off wherever not necessary.

The Company does not use any technology for its existing business.

There were no foreign exchange earnings or outgo during the year.

DIRECTOR

Mr. Ratheish Yelevarthy, Director would retire by rotation and is eligible for re- appointment.

Ms. Sugandha Shelatkar who was appointed as an Additional Director was appointed as an additional director of the company by the Board of Directors on 23rd June 2014. By virtue of Section 161 of the Companies Act, 1956, she holds office upto the date of the ensuing Annual General Meeting and is eligible for appointment.

In accordance with the provisions of Section 149 of the Act, read with Schedule IV of the Act, the appointment of Mr. Jehangir H. C. Jehangir and Ms. Sugandha Shelatkar as Independent Directors of the Company is being placed before the Members at the ensuing annual general meeting for their approval. In the opinion of the Board, they fulfill the conditions specified in the Act and the Rules made thereunder for appointment as Independent directors and are independent of the management.

COMPLIANCE CERTIFICATE

A Compliance Certificate from a secretary in Whole-time Practice under section 383A of the Companies Act, 1956 in respect of the financial year ended on March 31, 2014 is attached hereto,

LISTING

The Equity Shares of the Company are listed on BSE Limited and Hyderabad Stock Exchange Limited.

The company has not paid the Annual Listing Fees to BSE Limited for the year 2013- 2014.

DEMATERIALISATION OF SHARES

The Company is awaiting confirmation from National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL) for dematerialization of the Shares of the Company.

PARTICULARS OF EMPLOYEES

The Company does not have any employee whose particulars are required to be given pursuant to the provisions of Section 217 (2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975.

CORPORATE GOVERNANCE

Report on Management Discussion & Analysis and Corporate Governance and a certificate from the Auditors of the Company regarding compliance of conditions of Corporate Governance as stipulated under Clause 49 of the Listing Agreement with the Stock Exchanges are attached hereto and form part of this Report

DIRECTORS' RESPONSIBILITY STATEMENT

We hereby state:

(i) that in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures.

(ii) that the Directors have selected such accounting policies and applied them consistently and made judgements 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 loss of the Company for that period.

(iii) that the Directors 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 irregularities;

(iv) that the Directors have prepared the annual accounts on a going concern basis.

AUDITORS' OBSERVATIONS

The observations made by auditors are self explanatory and do not require further explanation.

AUDITORS

M/s. J. L. Bhatt & Company, Chartered Accountants, the Auditors of the company who would retire at the ensuing Annual General Meeting offer themselves for reappointment. M/ s. J. L. Bhatt & Company, Chartered Accountants, the existing auditors have furnished a certificate, confirming that if reappointed for the financial year 2014-2015 their reappointment will be in accordance with Section 139 read with section 141 of the Companies Act, 2013.

You are requested to appoint Auditors and to fix their remuneration.

                                        FOR AND ON BEHALF OF THE BOARD

                                                           CHAIRPERSON
Date: 02.07.2014

Attention Investors :
Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile / email at the end of the day .......... Issued in the interest of investors
Attention Investors :
Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. 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.
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.
Attention Investors :
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.
“Investment in securities market are subject to market risks, read all the related documents carefully before investing”.