DEAR STAKEHOLDERS,
Your Directors have pleasure in presenting the annual Report together with the Audited Accounts for the year ended 31st March, 2014.
FINANCIAL PERFORMANCE
This year Company has made a loss of Rs.7,34,854/-.
CAPITAL
This year Company has sub divided face value of Equity Share from Rs.10/- to Re.1/-. Subsequent to this, Share Capital of the Company is 4,35,98,000/- divided into 43598000 shares of Re.1/-.
DIVIDEND
In the event of losses, the Directors do not recommend any dividend for the year ended 31st March 2014.
DIRECTORS
Mr. P.S. Gupta and Mr. Noor Mohammed Khan has resigned during the year. The Board of Directors comprise of Mr. Dinesh Kumar Chouhan, Mr. Sharad Dadhich, Mr. Maksud Khan and Mr. Ranjeet Ranjan Thakur.
LISTING
The equity shares of the company is listed at Bombay Stock Exchange Limited.
DIRECTORS’ RESPONSIBILITY STATEMENT
In terms of section 217 (2AA) of the Companies Act, 1956, your directors confirm:
(i) that in preparation of the Annual Accounts, the applicable accounting standards had been followed;
(ii) that the applicable accounting policies have been consistently followed and that they had 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 Loss of the Company for that period.
(iii) that they had 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; and
(iv) That they had prepared the annual accounts on a going concern basis.
INFORMATION AS PER SECTION 217 (1) (E) OF THE COMPANIES ACT, 1956
Your Company has no activity relating to conservation of energy or technology absorption. Your Company did not have any foreign exchange earnings or outgo during the year.
PERSONNEL
None of the employees of the Company is in receipt of remuneration in excess of limits prescribed under Section 217 (2A) of the Companies Act, 1956.
DEPOSITS
Your Company has not accepted any public deposit during the period under review.
MANAGEMENT DISCUSSION & ANALYSIS & CORPORATE GOVERNANCE REPORT
Management Discussion & Analysis and Corporate Governance report forms part of the Directors’ Report.
AUDITORS
Mr. D.M.Oza & Associates, Chartered Accountants, Ahmedabad were appointed as auditors of the company for the current financial year and their term of office expires at the ensuing Annual General Meeting. They being eligible offer themselves for re-appointment.
ACKNOWLEDGEMENTS
Yours Directors place on record their sincere appreciation for the assistance and support received to the Company from the Shareholders, Consultants and Auditors of the Company. Your directors express their appreciation for dedicated and sincere services rendered by the employees of the Company.
For and on behalf of the board
M.P. POLYPROPYLENE LIMITED
PLACE: Raisen | |
DATE: September 2, 2014 | CHAIRMAN |
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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.