ETP Corporation Ltd. के निदेशक की रिपोर्ट

Mar 31, 2014

Dear members,

The Directors have Pleasure in Presenting the Annual Report together with audited statement of accounts for the year ended 31st March, 31st March 2014.

WORKING RESULTS (Amount in Rs)

Particulars 31.03.2014 31.03.2013

Total Income 11,297,500.00 8,399,500.00

Depreciation --- ---

Profit (Loss) Before Tax (583,205.60) (513,231.00)

Provision for Tax-FBT --- ---

Profit (Loss) after Tax (583,205.60) (513,231.00)

Prior Period Adjustment --- ---

Balance bought forward (89,232,200.41) (88,718,969.41)

Balance carried to Balance Sheet (89,815,406.01) (89,232,200.41)

DIVIDEND:

In View of the inadequate Profit, your directors do not Proposed any dividend for the year.

DIRECTORS

Shivaji Laxman Jamthale and Mr. Roshan Shivaji Jambhale were retires by rotation and being

eligible, offer themselves for re-election.

DIRECTORS'' RESPONSIBILITY STATEMENT Your Directors State:

i) that in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanations relating to material departure;

ii) that the Directors had selected such accounting policies and applied them consistently and made judgments and estimates that ate 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 the loss of the Company for the period;

iii) That the Directors 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.

iv) That the Directors had prepared the annual accounts on a going concern basis.

FIXED DEPOSITS

Your company has neither invited nor accepted any Fixed Deposits from the public during the financial year under review.

CORPORATE GOVERNANCE AND COMPLIANCE CERTIFICATE:

Separate notes on Corporate Governance and Management Discussion and Analysis Report are set out as Annexure “A” and “B” respectively. A Certificate from the Auditor of the Company certifying compliance conditions of Corporate Governance as stipulated under Clause 49 of the Listing Agreement is attached to this report.

LISTING AGREEMENTS REQUIREMENTS:

The securities of your company are listed at National Stock Exchange of India Ltd., Mumbai and BSE Ltd., Mumbai. Trading in company''s securities remain suspended at BSE Ltd. for various reasons including non-submission of documents and all possible steps are being taken by the management to get shares traded at the floor of the BSE Ltd.

BUY-BACK OF SHARES

There was no buy-back of shares during the year under review.

PARTICULARS OF THE EMPLOYEES:

None of the employees employed during the year was in receipt of remuneration in excess of the Prescribed limit specified in section 217 (2A) of the Companies Act, 1956 Hence, furnishing of particulars under the Companies ( Particulars of Employees) 1975 does not arise.

AUDITORS & AUDITORS REPORT

The Auditors of the Company M/s. Rajiv Agarwal, Chartered Accountants, Mumbai, hold office until the conclusion of the forthcoming Annual General Meeting of the company and being eligible offers themselves for appointment.

CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION

During the year under review, there were no activities, which required heavy consumption of energy. However adequate measures have been taken to make sure that there is no wastage of energy. Since the requisite information with regard to the conservation of energy, technology absorption (Disclosures of Particulars in the report of Board of Directors) Rules is irrelevant/not applicable to the company during the year under review, the same are not reported.

FOREIGN EXCHANGE EARNINGS AND OUTGO:

Foreign Exchange earnings and Outgo is not Applicable to the Company.

ACKNOWLDGEMENTS

The Board of Directors wish to place on record their appreciation for the co-operation and support of the Company''s Bankers, its valued customers, employees and all other intermediaries concerned with the company''s business. Your directors sincerely thank all members for supporting us during the difficult days. We look forward to your continued support and reiterate that we are determined to ensure that the plans are successfully implemented.

By Order of the Board of

Place : Mumbai Shivaji Jambhale Dated : 29th August 2014 Director

---

Mar 31, 2013

Dear Members,

The Directors have Pleasure in Presenting the Annual Report together with audited statement of accounts for the year ended 31st March, 31st March 2013.

WORKING RESULTS (Amount in Rs.)

Particulars 31-3-2013 31-03-2012

Total Income (5,13,231.00) (4,40,653.80)

Depreciation - -

Profit(Loss) before Tax (5,13,231.00) (4,40,653.80)

Provision for Tax-FBT - -

Profit (loss) after Tax (5,13,231.00) (4,40,653.80)

Prior Period Adjustments - -

Balance brought forward (8,87,18,969.41) (8,82,78,315.61)

Balance carried to Balance Sheet (8,92,32,200.41) (8,87,18,969.41)

DIVIDEND:

In View of the inadequate Profit, your directors do not Proposed any dividend for the year.

DIRECTORS

Mr. Roshan S. Jambhale retires by rotation and being eligible, offer him selves for re- election.

DIRECTORS'' RESPONSIBILITY STATEMENT

Your Directors State:

i) that in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanations relating to material departure.

ii) that the Directors had selected such accounting policies and applied them consistently and made judgments and estimates that ate 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 the loss of the Company for the period.

iii) That the Directors 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.

iv) That the Directors had prepared the annual accounts a going concern basis.

FIXED DEPOSITS

Your company has neither invited nor accepted any Fixed Deposits from the public during the financial year under review.

CORPORATE GOVERNANCE AND COMPLIANCE CERTIFICATE:

Separate notes on Corporate Governance and Management Discussion and Analysis Report are set out as Annexure "A" and "B" respectively. A Certificate from the Auditor of the Company certifying compliance conditions of Corporate Governance as stipulated under Clause 49 of the Listing Agreement is attached to this report.

LISTING AGREEMENTS REQUIREMENTS:

The securities of your company are listed at National Stock Exchange of India Ltd., Mumbai and BSE Ltd., Mumbai. Trading in company''s securities remain suspended at BSE Ltd. for various reasons including non-submission of documents and all possible steps are being taken by the management to get shares traded at the floor of the BSE Ltd.

BUY-BACK OF SHARES

There was no buy-back of shares during the year under review.

PARTICULARS OF THE EMPLOYEES:

None of the employees employed during the year was in receipt of remuneration in excess of the Prescribed limit specified in section 217 (2A) of the Companies Act, 1956 Hence, furnishing of particulars under the Companies (Particulars of Employees) 1975 does not arise.

AUDITORS & AUDITORS REPORT

The Auditors of the Company M/s. Pritesh Damania, Chartered Accountants, Mumbai, hold office until the conclusion of the forthcoming Annual General Meeting of the company and being eligible offers themselves for appointment.

CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION

During the year under review, there were no activities, which required heavy consumption of energy. However adequate measures have been taken to make sure that there is no wastage of energy. Since the requisite information with regard to the conservation of energy, technology absorption (Disclosures of Particulars in the report of Board of Directors) Rules is irrelevant/not applicable to the company during the year under review, the same are not reported.

FOREIGN EXCHANGE EARNINGS AND OUTGO:

Foreign Exchange earnings and Outgo is not Applicable to the Company.

ACKNOWLDGEMENTS

The Board of Directors wish to place on record their appreciation for the co-operation and support of the Company''s Bankers, its valued customers, employees and all other intermediaries concerned with the company''s business.

Your directors sincerely thank all members for supporting us during the difficult days. We look forward to your continued support and reiterate that we are determined to ensure that the plans are successfully implemented.

By Order of the Board of

Place : Mumbai Shivaji Jambhale Dated : 31st August 2013 Director

---

Mar 31, 2012

The Directors have Pleasure in Presenting the Annual Report together with audited statement of accounts for th e year ended 31st March, 31st March 2012

WORKIING RESULTS (Amount in Rs )

Particulars 31-3-2012 31-03-2011

Total Income (4,40,653.80) (5,94,276.57)

Depreciation

Profit(Loss) before Tax (4,40,653.80) (5,94,276.57)

Provision for Tax-F BT

Profit (loss) after Tax (4,40,653.80) (5,94,276.57)

Prior P eriod Adjustments

Balance brought forward (8,82,78,315.61) (8,76,84,039.00)

Balance carried to Balance Sheet (8,87,18,969.41) (8,82,78,315.61)

DIVIDEND:

In View of t he inadequate P rofit, your di rectors do not Proposed any dividend for th e year.

DIRECTORS

Mr. Shivaji Laxman Jambhale and Mr. Roshan Shivaji Jambhale were appointed as an additional Directors of th e Company.

Mr. Kishor Patil and Mrs. Rajshree Kishor Patil has been appointed an d resigned from the office Directors of th e Company

DIRECTORS'' RESPONSIBILITY STATEMENT

Your Directors State:

i) that in the preparation of the annual accounts, the applicabl e accounting standards h ad been followed along with proper explanations relating to materi al depart ure;

ii) that th e Directors h ad selected such accounting policies and applied t hem consistently an d made judgments an d estimates that at e reasonabl e and prudent, so as to give a true an d fai r view of th e state of affairs of t he Company at the en d of th e financi al year an d th e loss of the Company fo r the period;

iii) That the Directors had taken proper an d sufficient care fo r the m aintenance of adequate accounting records in accordance with th e provisions of t he Companies Act, 1956 for safeguarding the assets of the Company an d fo r preventing and detecting fraud an d other irregularities.

iv) That the Directors had prepared the annual accounts o a going concern b asis.

FIXED DEPOSITS

Your company h as neither invited nor accepted any Fixed Deposits from the public during the financial year under review.

CORPORATE GOVERNANCE AND COMPLIANCE CERTIFICATE:

Separate notes on Corporate Governance and M anagement Discussion and Analysis Report are set out as Annexure " A" and "B" respectively. A Certificate from the Auditor of the Company certifying compliance conditions of Corporate Governance as stipulated under Clause 49 of the Listing Agreement is attached to this report.

LISTING AGREEMENTS REQUIREMENTS:

The securities of your company are listed at National Stock Exchange of India Ltd., Mumbai an d BS E Ltd., Mumbai. Trading in company''s securities remain suspended at BSE Ltd. for various reasons including non-submission of documents an d all possible steps are being taken by the management to get shares traded at the floor of the BSE Ltd.

BUY-BACK OF SHARES

There was no buy-back of shares during the year under review.

PARTICULARS OF THE EMPLOYEES:

None of the employees employed duri ng the year w as in receipt of remuneration in excess of the Prescribed limit specified in section 217 (2A) of the Compani es Act, 1956 Hen ce, furnishing of particulars under the Companies ( P articulars of Employees) 1975 does not arise.

AUDITORS & AUDITORS REPORT

The Auditors of the Company M/s. H.T. Merchant & C o. Chartered Accountants, Mumbai, hold offi ce until the conclusion of the forthcoming Annual General Meeting of the company a nd being eligible offers themselves for appointment.

CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION

During the year under review, there were no activities, which required heavy consumption of energy. However adequate measures have been taken to make sure that there is no wastage of energy. Since t he requisite information with regard to the conservation of energy, technology absorption (Disclosures of P articulars in the report of Board of Directors) Rules is irrelevant/not applicable to the company duri ng t he year under review, the same are not reported.

FOREIGN EXCHANGE EARNINGS AND OUTGO:

Foreign Exchange earnings and Outgo is not Applicabl e to the Company.

ACKNOWLDGEMENTS

The Board of Directors wish to place on record t hei r appreciation for th e co-operation an d support of the Company''s Bankers, its valued customers, employees and al l other intermediaries concerned with the company''s business.

Your directors sincerel y thank all members fo r supporting us during the diffi cult days. We look forward to your continued support a nd r eiterate t hat we are determined to ensure that th e plans ar e successfully implemented.

By Order of th e Board of Place : Mumbai Shivaji Jambhale

Dated : 30th August 2012 Director

---

Mar 31, 2011

The Directors have pleasure in presenting the 26th Annual Report on the business and operations of your Company and the Audited Financial Results for the year ended 31st March, 2011

Financial Results 31st March 2011 31st March 2010 (Rs. In lakhs) (Rs. In lakhs)

Income from operations 80.96 117.21

Net Profit/(Loss)(before depreciation year) (5.94) (3.04)

Less: Depreciation Nil 14.35

Profit/(Loss) before tax (59.42) (31.84)

Less: Taxation Nil Nil

Profit / (Loss) after Tax (59.42) (31.84)

Dividend

In view of the inadequacy of profits your Directors do not recommend any dividend for the year under review.

Management Discussion and Analysis Report.

The Board of Directors of the Company during the year have explored all the possibilities to develop the business so as to get the maximum returns to its shareholders. The Company during the financial year traded in financial securities looking to the present scenario of overall economic growth.

Fixed Deposits

During the year under the review, the Company has not accepted or invited any deposits from public under the provisions of section 58A of the Companies Act, 1956 and the rules made there under and therefore the question of compliance or otherwise does not arise.

Directors

In accordance with the requirement of the Companies Act, 1956 and pursuant to Article of the Articles of the Association, Mr. OmPrakash Jha and Joybrata Sen retire by rotation at the ensuing Annual General meeting and being eligible, offer themselves for re-appointment.

Responsibility Statement

In accordance with the requirements of Section 217 (2AA) of the Companies Act, 1956, your Board of Directors wish to confirm the following:

i) that the applicable accounting standards have been followed in the preparation of the annual accounts;

ii) that the Directors have 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 for the year under review;

iii) 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 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 Particulars of Employees

The particulars as required U/s. 217(2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees) Rules, 1975, there was no employee drawing remuneration in excess of the amount prescribed under Section 217(2A) of the Companies Act, 1956 during the year ended 31st March, 2011.

Auditors & Auditors Report

The statutory Auditors of the Company M/s. J. K. Shah & Associates, Chartered Accountants, Mumbai, hold office until the conclusion of the forthcoming Annual General Meeting of the Company and being eligible offer themselves for reappointment.

Corporate Governance

The Auditors M/s. J. K. Shah & Associates have certified the Company's compliance of the requirements of Corporate Governance in terms of clause 49 of the Listing Agreement. The said certificate together with the management discussions and analysis report is attached and forms part of this report.

Conservation of Energy. Technology Absorption and foreign exchange earnings and outgo.

The Company has no manufacturing activities. Hence there is no information to submit in respect of conservation and absorption of technology.

Acknowledgement

Your Directors take this opportunity to express their gratitude for the valuable assistance and co-operation extended by the Bankers, vendors, customers, advisors, the general public and for the valued efforts and dedication shown by the Company employees at all levels. Your Directors also sincerely acknowledge the confidence and faith reposed by the shareholders of the Company.

By order of the Board

Sd/-

(Joybrata Sen)

Director

Place: Mumbai

Date : 22nd Day of August 2011

---

Mar 31, 2010

The Directors have pleasure in presenting the 25st Annual Report on the business and operations of your Company and the Audited Financial Results for the year ended 31st March, 2010

Financial Results 31st March 2010 31st March 2009 (Rs. In lakhs) (Rs. In lakhs)

Income from operations 117.21 117.22

Net Profit/(Loss)(before depreciation year) (3.04) (3.03)

Less: Depreciation 14.35 37.23

Profit/(Loss) before tax (31.84) (40.26)

Less: Taxation Nil Nil

Profit/(Loss) after Tax (31.84) (40.26)

Dividend

In view of the inadequacy of profits your Directors do not recommend any dividend for the year under review.

Management Discussion and Analysis Report.

The Board of Directors of the Company during the year have explored all the possibilities to develop the business so as to get the maximum returns to its shareholders. The Company during the financial year traded in financial securities looking to the present scenario of overall economic growth.

Fixed Deposits

During the year under the review, the Company has not accepted or invited any deposits from public under the provisions of section 58A of the Companies Act, 1956 and the rules made there under and therefore the question of compliance or otherwise does not arise.

Directors

In accordance with the requirement of the Companies Act 1956 and pursuant to Article of the Articles of the Association, Mr. OmPrakash Jha and Joybrata Sen retire by rotation at the ensuing Annual General meeting and being eligible, offer themselves for re-appointment.

Directors Responsibility Statement

In accordance with the requirements of Section 217 (2AA) of the Companies Act, 1956, your Board of Directors wish to confirm the following:

i) that the applicable accounting standards have been followed in the preparation of the annual accounts;

ii) that the Directors have 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 for the year under review;

iii) 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 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

Particulars of Employees

The particulars as required U/s. 217(2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees) Rules, 1975, there was no employee drawing remuneration in excess of the amount prescribed under Section 217(2A) of the Companies Act, 1956 during the year ended 31st March, 2010.

Auditors & Auditors Report

The statutory Auditors of the Company M/s. J. K. Shah & Associates, Chartered Accountants, Mumbai, hold office until the conclusion of the forthcoming Annual General Meeting of the Company and being eligible offer themselves for reappointment.

Corporate Governance

The Auditors M/s. J. K. Shah & Associates have certified the Companys compliance of the requirements of Corporate Governance in terms of clause 49 of the Listing Agreement. The said certificate together with the management discussions and analysis report is attached and forms part of this report.

Conservation of Energy. Technology Absorption and foreign exchange earnings and outgo.

The Company has no manufacturing activities. Hence there is no information to submit in respect of conservation and absorption of technology.

Acknowledgement

Your Directors take this opportunity to express their gratitude for the valuable assistance and co-operation extended by the Bankers, vendors, customers, advisors, the general public and for the valued efforts and dedication shown by the Company employees at all levels. Your Directors also sincerely acknowledge the confidence and faith reposed by the shareholders of the Company.

By order of the Board

Sd/-

(Joybrata Sen) Director Place: Mumbai

Date : 14TH Day of August 2010

---

Mar 31, 2009

The Directors have pleasure in presenting the 24th Annual Report on the business and operations of your Company and the Audited Financial Results for the year ended 31st March, 2009

Financial Results 31st March 2008 31st March 2008 (Rs. In lakhs) (Rs. In lakhs)

Income from operations 117.22 294.48

Net Profit/(Loss)(before

depreciation year) (3.03) 6.96

Less: Depreciation 37.23 53.27

Profit/(Loss) before tax (40.26) (46.31)

Less: Taxation Nil Nil

Profit / (Loss) after Tax (40.26) (44.31)

Dividend

In view of the inadequacy of profits your Directors do not recommend any dividend for the year under review.

Management Discussion and Analysis Report.

The Board of Directors of the Company during the year have explored all the possibilities to develop the business so as to get the maximum returns to its shareholders. The Company during the financial year traded in financial securities looking to the present scenario of overall economic growth.

Fixed Deposits

During the year under the review, the Company has not accepted or invited any deposits from public under the provisions of section 58A of the Companies Act, 1956 and the rules made there under and therefore the question of compliance or otherwise does not arise.

Directors

In accordance with the requirement of the Companies Act, 1956 and pursuant to Article of the Articles of the Association, Mr. Kalpesh M. More and Mr. Vinod Uniyal retire by rotation at the ensuing Annual Genera! meeting and being eligible, offer themselves for re-appointment.

irectors Responsibility Statement

In accordance with the requirements of Section 217 (2AA) of the Companies Act, 1956, your Board of Directors wish to confirm the following:

i) that the applicable accounting standards have been followed in the preparation of the annual accounts;

ii) that the Directors have 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 for the year under review;

iii) 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 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 ori a going concern basis

Particulars of Employees

The particulars as required U/s. 217(2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees) Rules, 1975, there was no employee drawing remuneration ir. excess of the amount prescribed under Section 217(2A) of the Companies Act, 1956 during the year ended 31st March, 2008.

Auditors & Auditors Report

The statutory Auditors of the Company M/s. J. K. Shah & Associates, Chartered Accountants, Mumbai, hold office until the conclusion of the forthcoming Annual General Meeting of the Company and being eligible offer themselves for reappointment.

Corporate Governance

The Auditors M/s. J. K. Shah & Associates have certified the Companys compliance of the requirements of Corporate Governance in terms of clause 49 of the Listing Agreement. The said certificate together with the management discussions and analysis report is attached and forms part of this report.

Conservation of Energy, Technology Absorption and foreign exchange earnings and outgo.

The Company has no manufacturing activities. Hence there is no information to submit in respect of conservation and absorption of technology.

Acknowledgement

Your Directors take this opportunity to express their gratitude for the valuable assistance and co-operation extended by the Bankers, vendors, customers, advisors the general public and for the valued efforts and dedication shown by the Company employee at all revels. Your Directors also sincerely acknowledge the confidence and faith reposed by the shareholders of the Company.

By order of the Board

Sd/- (Om Prakash Jha) Director

Place: Mumbai

Date: 24th day of August 2009