praveen properties ltd Management discussions

Management Discussion and Analysis

The management of Praveen Properties Limited presents below its analysis covering the segmentwise performance of the company for the year 2013 - 2014 & an outlook for the future. The report conveys expectations on future performance based on an assessment of the current business environment. These could vary based on future developments.

1. Industry Structure and developments:

During the Financial year 2013 - 2014, Construction industry has not done very well and the present trend is not encouraging. However the Company is looking into for the future with optimism.

2. Outlook on Opportunities, threats. Risk and Concerns:

The outlook for the ensuing future years too not encouraging and the Company is taking all possible ways to reduce the threats and risks.

The industry is witnessing intense competition among the players and maintaining the existing market share itself is becoming more and more difficult due to aggressive promotion activities undertaken by the competitors. To overcome the difficult market conditions your company is undertaking various measures to attract more customers with various measures proposed by the management, your company is hopeful of achieving good performance in future.

3. Internal control Systems and their adequacy:

The company has adequate internal control procedures commensurate with its size and nature of the business. These business control procedures ensure efficient use and protection of the resources and compliance with the policies, procedures and statutes. The internal control system provides for well-documented policies, guidelines, authorizations and approval procedures.

4. Discussion on financial performance with respect to operational performance:

The total turnover (including the other income) of the company for the year under review was Nil as compared to 5,03,970/- in last year. The loss during the year is Rs. 8,27,040/- as compared to the loss of Rs.3,16,890/- in the previous year. The loss is due to the increase in cost of raw materials like cement, steel and labour charges.

5. Material developments in Human Resources / Industrial Relations front, including number of people employed.

There has been no material changes/developments in Human relation front.

	By Order of the Board
	For PRAVEEN PROPERTIES LIMITED
Place: Chennai - 600 017	sd/- B.GNANASEKARAN
Date : 30.05.2014	Chairman and Managing Director

GENERAL SHAREHOLDERS INFORMATION

1. Financial Calendar	Audited Annual results for the year end 1st April 2013 to 31st March 2014
	Mailing of Annual Reports on first week of September, 2014
	Annual general meeting -30th September, 2014
Financial reportinq for the - (Tentative)
Quarter ending June 30, 2014	By Fourth week of July, 2014 By Fourth week of October, 2014 By Fourth week of January, 2015 By Fourth week of May, 2015 30th September, 2014
Quarter ending September 30, 2014
Quarter ending December 31, 2014
Quarter ending March 31, 2015
Annual General Meeting for the year ending March 31, 2014
2. Dates of book closure	26th day of September, 2014 to 30th day of September, 2014 (Both days inclusive)
3. Venue of the Annual General Meeting (AGM)	Saidai Varthagar Trust, No.107, Bazaar Road, Saidapet, Chennai 600 015.
4. Time and Date of AGM	10.00 A.M., 30th September, 2014
5. Dividend Payment Date	N.A
6. The Equity Shares of Rs.10/-each Are listed at -	Madras Stock Exchange Limited (Annual Listing fees for the year 2014-2015 is yet to be paid to the above stock exchange)
	The Stock Exchange, Mumbai (Annual Listing fees for the year 2013-2014 is yet to be paid to the above stock exchange)
	Coimbatore Stock Exchange Limited (Annual Listing fees for the year 2013-2014 is yet to be paid to the above stock exchange)
	Hyderabad Stock Exchange Limited (Annual Listing fees for the year 2013-2014 is yet to be paid to the above stock exchange)
	Bangalore Stock Exchange Limited (Annual Listing fees for the year 2013-2014 is yet to be paid to the above stock exchange)
7. Registered Office	Registered Office of the Company No. 6, Crescent Park Street, T.Nagar, Chennai 600 017.

Stock Market data

Graphical representation of volume of Shares of during April 2013 - March 2014 : NOT APPLICABLE

Share Transfer System

The Company is having its own in-house share transfer system.

Listing status

The shares at the company are suspended from trading on Mumbai Stock Exchange due to non-compliance of dematerialization or Shares.

Legal Proceedings

There has been no legal proceedings pending against the company.

Instruments

The Company has not issued GDRsV ADRsV Warrants /Convertible Instruments.

Category wise shareholding pattern as on 31st March. 2014

Category	No. of shares held	% of shareholding
Promoters
Indian Promoters	2079300	38.29
Others
Corporate bodies	5700	0.11
Mutual funds	Nil	Nil
Banks/Financial Institutions	Nil	Nil
Public	3345000	61.60
Total	5430000*	100.00

Of the above 28,06,200 Equity Shares are partly paid up.

	FOR AND ON BEHALF OF THE BOARD
	For PRAVEEN PROPERTIES LIMITED
Place : Chennai - 600 017	sd/- B. GNANASEKARAN
Date : 30.05.2014	Chairman and Managing Director