Matra Realty Ltd

BSE: 512167 | NSE:  | ISIN: INE190E01021 
Market Cap: [Rs.Cr.] 0.77 | Face Value: [Rs.] 5
Industry: Finance & Investments

Director's Report
DIRECTORS REPORT

To,

The Members of Matra Realty Limited

Your Directors presenting the 29th Annual Report with the Audited Accounts of theCompany for the year ended March 31, 2014.

Financial Results

The financial Results are briefly indicated below

YEAR ENDED

Particulars 31st March 2014 31st March 2013
Sales and Other Income _

-

Total Income _

-

Total Expenditure 847918 562676
Profit/(Loss) for the year (847918) (562676)

The financials for the financial year 2013-14 is as follows:-

Dividend

The Directors regret their inability to recommend any dividend for the year.

DIRECTORS

During the year following changes were made in the Board of the Company

Mr.Dipankar Mondal, who retires by Rotation at the Annual General Meeting and beingeligible, offers himself for re-appointment as a Non-Executive Independent Director of thecompany for a consecutive period of five (5) years on the board of the company asNon-Executive Independent directors effective from 29th September, 2014.

Mr. Gautam Kumar Das, who retires by Rotation at the Annual General Meeting and beingeligible, offers himself for re-appointment as a Non-Executive Independent Director of thecompany for a consecutive period of five (5) years on the board of the company asNon-Executive Independent directors effective from 29th September, 2014.

Mr. Dipak Mallick has been appointed as an executive director of the company

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.

CORPORATE GOVERNANCE

Separate Reports on the Corporate Governance and Management Discussion & Analysisare included in the Annual Report and Certificate of the Auditors of your Companyconfirming the compliance of conditions of Corporate Governance is also annexed thereto.

PARTICULARS OF EMPLOYEES

There was no employee in respect of whom information is required to be given pursuantto Section 217 (2A) of the Companies Act, 1956 read with the Companies (Particulars ofEmployees) Amendment Rules, 1999 as amended up-to-date.

Auditors

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.

Auditor Report

Comments of the Auditors in their report and the notes forming part of the accounts areself-explanatory and need no comments.

Listing

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.

Public Deposits

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.

By Order of the Board
Sd/-
Deepak Mallick
Director
Place: Mumbai
Date: August 27, 2014

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 2014 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 year 2013-2014 are as under.

Particulars 2013-14 2012-13
Foreign Exchange Earnings Nil Nil
Foreign Exchange Outgo Nil Nil

 

By Order of the Board
Sd/-
Deepak Mallick
Director
Place: Mumbai
Date: August 27, 2014
   
Futures & Options Quote
Future Data Not present
Key Information

Key Executives:

Gautam Kumar Das , Director

Abhishek Kumar Sharma , Managing Director

Dipak Mallick , Director

Dipankar Mnadal , Director


Company Head Office / Quarters:

Shop No 5 Neel Gagan CHSL,
Bldg No 4 D N Nagar Andheri(W),
Mumbai,
Maharashtra-400053
Phone : Maharashtra- / Maharashtra-
Fax : Maharashtra- / Maharashtra-
E-mail : contact@matrarealty.com
Web : http://www.matrarealty.com

Registrars:

Big Share Services Pvt Ltd
E-2/3 Saki Vihar Rd,Ansa Indl Estate,Saki Naka Andheri-E,Mumbai - 400 072

 
Fund Holding
Scheme Name No. of Shares
 
 
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