The Members of
Matra Realty Limited
Your Directors have pleasure in presenting the 28th Annual Report with the AuditedAccounts of the Company for the year ended March 31, 2013.
The financial Results are briefly indicated below:
| || |
|Particulars ||31st March 2013 ||31st March 2012 |
|Sales and Other Income ||_ ||6,80,459 |
|Total Income || ||6.80.459 |
|Total Expenditure ||562.676 ||548316 |
|Profit/(Loss) for the year ||544.670 ||135134 |
The Directors regret their inability to recommend any dividend for the year.
A separate section titles "Corporate Governance' including a certificate from theCompany Secretary In practice compliance of the conditions of Corporate Governance asstipulated under Clause 49 of the Listing Agreement is annexed thereto and forms part ofthe Report.
Mr. Dipankar Mondal, Director of the Company retires by rotation and being eligible,offers himself for re appointment
Mr. Gautam Kumar Das, Director of the Company retires by rotation and being eligible,offers himself for reappointment
Directors' Responsibility Statement
Pursuant to Section 217 (2AA) of the Companies Act, 1956 the Board of Directors herebyconfirms:
i That in the preparation of the Annual Accounts, the applicable accounting standardshave been followed along with proper explanation relating to material departures.
ii That the Directors had selected such accounting policies and applied themconsistently and made judgments and estimates that are reasonable and prudent so as togive a true and fair view of the state of affairs of the company at the end of thefinancial year and of the Profits of the Company for that period.
iii That the Directors have taken proper and sufficient care for the maintenances ofadequate accounting records in accordance with the provisions of this Act for safeguardingthe 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.
Particulars of Employees
As required under Section 217 (2A) of the Companies Act, 1956 read with the Companies(Particulars of Employees) Rules, 1975 are not applicable since, none of the employees ofthe company is drawing more than RS. 60, 00, 000/- p. a. or Rs. 5, 00, 000 p. m. for thepart of the year.
M/s. E Gathani & Associates, Chartered Accountants, Kolkata, Statutory Auditors ofthe company hold office until the conclusion of the forthcoming Annual General Meeting andhave signified their willingness to be reappointed and have further confirmed that theirappointment if made shall be within the limits specified under Section 224 (1B) of theCompanies Act, 1956.
Comments of the Auditors in their report and the notes forming part of the accounts areself-explanatory and need no comments
The Equity Shares of the company are listed on Bombay Stock Exchange Limited. TheCompany has paid the applicable listing fees to BSE up to date.
Your Company has not accepted any Public Deposits within the meaning of the provisionsof the Section 58A of the Companies Act, 1956 read with the Companies (Acceptance ofDeposit) Rules, 1975 and there is no outstanding deposit due for re-payment.
Conversation of Energy. Technology absorption and foreign exchange earnings and outgo:
During the period under review the Company has not carried out any manufacturingactivities, the requirements pertaining to Conversation of Energy, research anddevelopment and technology absorption, as prescribed under the Companies (Disclosures ofParticulars in the Report of the Board of Directors) Rules, 1988 are not applicable.
There were no foreign exchange earnings and outgo during the year.
| ||For and on behalf of the Board of Director |
| ||Sd/- |
|Place: Mumbai ||Abhishek Kumar Sharma |
|Date: 03. 09.. 2013 ||Managing Director |
ANNEXURE TO DIRECTORS REPORT
INFORMATION REQUIRED UNDER THE COMPANIES (DISCLOSURE OF PARTICULARS IN THE REPORT OFTHE BOARD OF DIRECTORS) RULES, 1988
Particulars with respect to Conservation of Energy, Technology Absorption as persection 217(1 )(e) of the Companies Act, 1956 read with Company's (Disclosure ofparticulars in the Board of Directors) Rule, 1988 for the period ended 31st March 2013 areannexed to this report.
CONSERVATION OF ENERGY, RESEARCH & DEVELOPMENT, TECHNOLOGY ABSORPTION & FOREIGNEXCHANGE EARNINGS AND OUTGO
A CONSERVATION OF ENERGY
The operations of the company are not energy intensive. However wherever possible thecompany strives to curtail the consumption of energy on continued basis. Further companyhas absorbed latest technology which is helpful in conserving energy.
B TECHNOLOGY ABSORPTION, ADAPTATION AND INNOVATION
No manufacturing process is involved in the company so there is no technologyabsorption, adaption and innovation
FOREIGN EXCHANGE EARNINGS AND OUTGO
Foreign exchange earnings and outgo during the Period 2012-2013 are as under.
|PARTICULARS ||2012-13 ||2011-12 |
|Foreign Exchange ||NIL ||NIL |
|Earnings Foreign ||NIL ||NIL |
|Exchange Outgo || || |
| ||By order of the Board of Directors |
| ||Sd/- |
|Place: Mumbai ||Abhishek Kumar Sharma |
|Dated: 03. 09. 2013 ||Managing Director |