The Members of Matra Realty Limited
Your Directors presenting the 29th Annual Report with the Audited Accounts of the Company for the year ended March 31, 2014.
The financial Results are briefly indicated below
|Particulars||31st March 2014||31st March 2013|
|Sales and Other Income||_||
|Profit/(Loss) for the year||(847918)||(562676)|
The financials for the financial year 2013-14 is as follows:-
The Directors regret their inability to recommend any dividend for the year.
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 being eligible, offers himself for re-appointment as a Non-Executive Independent Director of the company for a consecutive period of five (5) years on the board of the company as Non-Executive Independent directors effective from 29th September, 2014.
Mr. Gautam Kumar Das, who retires by Rotation at the Annual General Meeting and being eligible, offers himself for re-appointment as a Non-Executive Independent Director of the company for a consecutive period of five (5) years on the board of the company as Non-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 hereby confirms:
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 had selected such accounting policies and 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 the financial year and of the Profits of the Company for that period.
iii. That the Directors have taken proper and sufficient care for the maintenances of adequate accounting records in accordance with the provisions of this Act 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.
Separate Reports on the Corporate Governance and Management Discussion & Analysis are included in the Annual Report and Certificate of the Auditors of your Company confirming 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 pursuant to Section 217 (2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Amendment Rules, 1999 as amended up-to-date.
M/s. E Gathani & Associates, Chartered Accountants, Kolkata, Statutory Auditors of the company hold office until the conclusion of the forthcoming Annual General Meeting and have signified their willingness to be reappointed and have further confirmed that their appointment if made shall be within the limits specified under Section 224 (1B) of the Companies Act, 1956.
Comments of the Auditors in their report and the notes forming part of the accounts are self-explanatory and need no comments.
The Equity Shares of the company are listed on Bombay Stock Exchange Limited. The Company has paid the applicable listing fees to bSe up to date.
Your Company has not accepted any Public Deposits within the meaning of the provisions of the Section 58A of the Companies Act, 1956 read with the Companies (Acceptance of Deposit) 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 manufacturing activities, the requirements pertaining to Conversation of Energy, research and development and technology absorption, as prescribed under the Companies (Disclosures of Particulars 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|
|Date: August 27, 2014|
ANNEXURE TO DIRECTORS REPORT
INFORMATION REQUIRED UNDER THE COMPANIES (DISCLOSURE OF PARTICULARS IN THE REPORT OF THE BOARD OF DIRECTORS) RULES, 1988
Particulars with respect to Conservation of Energy, Technology Absorption as per section 217(1)(e) of the Companies Act, 1956 read with Company's (Disclosure of particulars in the Board of Directors) Rule, 1988 for the period ended 31st March 2014 are annexed to this report.
CONSERVATION OF ENERGY, RESEARCH & DEVELOPMENT, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE EARNINGS AND OUTGO]
(A) CONSERVATION OF ENERGY
The operations of the company are not energy intensive. However wherever possible the company strives to curtail the consumption of energy on continued basis. Further company has 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 technology absorption, adaption and innovation.
FOREIGN EXCHANGE EARNINGS AND OUTGO
Foreign exchange earnings and outgo during the year 2013-2014 are as under.
|Foreign Exchange Earnings||Nil||Nil|
|Foreign Exchange Outgo||Nil||Nil|
|By Order of the Board|
|Date: August 27, 2014|
Gautam Kumar Das , Director
Abhishek Kumar Sharma , Managing Director
Dipak Mallick , Director
Arun Kumar Goyal , Director
Company Head Office / Quarters:
Shop No 5 Neel Gagan CHSL,
Bldg No 4 D N Nagar Andheri(W),
Phone : Maharashtra- / Maharashtra-
Fax : Maharashtra- / Maharashtra-
E-mail : firstname.lastname@example.org
Web : http://www.matrarealty.com
Big Share Services Pvt Ltd
E-2/3 Saki Vihar Rd,Ansa Indl Estate,Saki Naka Andheri-E,Mumbai - 400 072