FOR THE YEAR ENDED 31ST MARCH 2014.
Your Directors have pleasure in presenting their report on the working and progress of the company for the year ended 31st March 2014 together with the audited accounts and the Auditor s report thereon.
The net profit of the Company for the year after charging the usual and necessary provisions is Rs. 1,05,023 /-Taking into account Rs. 7,17,185/- brought forward balance, the amount available for appropriation is Rs. 8,22,208/ - which your directors propose to carry over to the Balance Sheet.
Operations:
During the year under review, the company earned a rental income of Rs.. 1.80 lacs (Previous year Rs.1.80 lacs). The Company has not taken up any new activities during the year under review.
Directors:
Mr. K.Sridharan, Director retires by rotation at the ensuing Annual General Meeting and is eligible for reappointment.
Directors responsibility Statement:
The Directors confirm:
(a) That in the preparation of annual accounts, the applicable accounting standards have been followed.
(b) That the Directors have selected such accounting policies and have 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 affairs of the company at the end of financial year and of the profit of the company for that period.
(c) 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.
(d) That the Directors have prepared the annual accounts on a going concern basis.
Particulars of Employees:
There is no employee attracting the provisions of section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended.
Conservation of Energy, Technology Absorption, Exports and Foreign exchange Earnings, and Outgo:
The Statement on the above is annexed to this report.
Auditors:
The retiring auditors of the company M/s Fraser & Ross, Chartered Accountants are eligible for reappointment.
(For and on behalf of the Board) | |
For Stanes Agencies Limited | |
K. S. HEGDE | |
K.K. UNNI | |
Place : Coimbatore-641 018 | K. SRIDHARAN |
Date : 19th May, 2014 | Directors |
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.