Saka Ltd. के निदेशक की रिपोर्ट

Mar 31, 2014

THE MEMBERS

The directors submit their report and accounts for the financial year 2013-14.

OPERATIONS

During the year ended March 31, 2014, the sales and other income were Rs.. 1,17,721/- against Rs.. nil in the previous year ended 31st March 2013. The loss for the period under review was Rs.. 1,04,863/- as against loss of Rs.. 2,20,733/- in the previous year.

DIVIDEND

The directors do not recommend any dividend.

DIRECTORS'' RESPONSIBILITIES STATEMENT

i) The financial accounts are prepared in conformity with the accounting standards issued by the Institute of Chartered Accountants of India and requirements of the Companies Act, 1956 to the extent applicable to the company.

ii) The accounting policies used in preparation of financial statements have been consistently applied. The estimates and judgments relating to the financial statements have been made on a prudent and reasonable basis, such financial statements reflect in a true and fair manner, the state of affairs of the company at the year ended on 31.3.2014 and loss of the company for the year ended 31.3.2014.

iii) Proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 has been taken for safe- guarding the assets of the company and preventing and detecting fraud and other irregularities, to the best of our knowledge and ability.

iv) The annual accounts have been prepared on a going concern and on accrual basis.

DIRECTORS

In accordance with the provisions of the Companies Act, 1956 and Articles of Association of the company, Mr. B. P. Yadav, Director retires by rotation and being eligible, offers herself for re-appointment.

AUDITORS'' REPORT

Auditors'' observations have been explained in annexure ''B'' which forms part of this report.

AUDITORS

The auditors M/s. Agarwal Seth & Co., Chartered Accountants retire at the conclusion of the forthcoming annual general meeting. M/s. Agarwal Seth & Co. have expressed their willingness to continue as auditors of the company, if appointed. They have further confirmed that the said appointment, if made, would be within the prescribed limits under section 141(3)(g) of the Companies Act, 2013 and that they are not disqualified for re-appointment. The Board of Directors recommend the re-appointment of M/s. Agarwal Seth & Co. as statutory auditors of the company.

PARTICULARS OF EMPLOYEES, CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EARNINGS AND OUTGO

The company does not have any employee whose remuneration falls under the limits prescribed under section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975. The information under section 217 (1) (e) of the said act read with the Companies (Disclosure of particulars in the Report of the Board of Directors) Rules, 1988 is set out in annexure ''A'' and forms part of this report.

ACKNOWLEDGMENT

Your directors wish to thank and deeply acknowledge the valuable assistance; co-operation and support extended by the Central and State government authorities and banks during the year under review. The Board also gratefully acknowledges the support and goodwill extended by the shareholders of the company.

For and on behalf of the Board of Directors

S.C. Rustagi B. P. Yadav Director Director Date: July 28, 2014 DIN: 00076278 DIN: 01173428 Place: New Delhi

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Mar 31, 2013

TO THE MEMBERS

The directors submit their report and accounts for the financial year 2012-13.

OPERATIONS

During the year ended March 31, 2013, the sales and other income were nil against Rs. 20,280/- in the previous year ended 31st March 2012. The loss for the period under review was Rs. 2,20,733/- as against loss of X. 2,55,602/- in the previous year.

DIVIDEND

The directors do not recommend any dividend.

DIRECTORS'' RESPONSIBILITIES STATEMENT

i) The financial accounts are prepared in conformity with the accounting standards issued by the Institute of Chartered Accountants of India and requirements of the Companies Act, 1956 to the extent applicable

to the company.

ii) The accounting policies used in preparation of financial statements have been consistently applied. The estimates and judgments relating to the financial statements have been made on a prudent and reasonable basis, such financial statements reflect in a true and fair manner, the state of affairs of the company at the year ended on 31.3.2013 and loss of the company for the year ended 31.3.2013.

iii) Proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 has been taken for safe- guarding the assets of the company and I preventing and detecting fraud and other irregularities, to the best of our knowledge and ability.

iv) The annual accounts have been prepared on a going concern and on accrual basis.

DIRECTORS

In accordance with the provisions of the Companies Act, 1956 and Articles of Association of the company, Ms Chandra Nithyanand., Director retires by rotation and being eligible, offers herself for re-appointment.

CHANGE IN THE NAME OF THE COMPANY

The name of the company has been changed from Onida Saka Limited to Saka Limited with effect from 02/03/2012 in terms of fresh certificate of incorporation consequent upon change in the name of the company issued by Registrar of Companies, NCT of Delhi and Haryana.

AUDITORS''REPORT

Auditors'' observations have been explained in annexure B'' which forms part of this report.

AUDITORS

The auditors M/s J. L. Garg & Co., Chartered Accountants retire at the conclusion of the forthcoming annual general meeting. However, they have conveyed their intention not to be considered for re-appointment. The Company has received a notice under section 257 of the Companies Act from a shareholder proposing the name of M/s Agarwal Seth & Co., Chartered Accountants for statutory auditors. Their appointment as statutory auditors forms an item of the agenda of the ensuing annual general meeting.

PARTICULARS OF EMPLOYEES, CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EARNINGS AND OUTGO !

The company does not have any employee whose remuneration falls under the limits prescribed under section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975. The information under section 217 (1) (e) of the said act read with the Companies (Disclosure of particulars in the Report of the Board of Directors) Rules, 1988 is set out in annexure ''A'' and forms part of this report.

ACKNOWLEDGMENT

Your directors wish to thank and deeply acknowledge the valuable assistance; co-operation and support extended by the Central and State government authorities and banks during the year under review. The Board also gratefully acknowledges the support and goodwill extended by the shareholders of the company.

For and on behalf of the Board of Directors

(S.C. Rustagi) (B. P. Yadav)

Date: July 30,2013 (Director) (Director)

Place: New Delhi

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Mar 31, 2012

TO THE MEMBERS

The directors submit their report and accounts for the financial year 2011-12.

OPERATIONS

During the year ended March 31, 2012, the sales and other income were Rs. 20,280/- as against Rs. 720/- in the previous year ended 31st March 2011. The loss for the period under review was Rs. 2,55,602/- as against loss of Rs. 2,76,507/- in the previous year.

DIVIDEND

The directors do not recommend any dividend.

DIRECTORS' RESPONSIBILITIES STATEMENT

i) The financial accounts are prepared in conformity with the accounting standards issued by the Institute of Chartered Accountants of India and requirements of the Companies Act, 1956 to the extent applicable to the company.

ii) The accounting policies used in preparation of financial statements have been consistently applied. The estimates and judgments relating to the financial statements have been made on a prudent and reasonable basis, such financial statements reflect in a true and fair manner, the state of affairs of the company at the year ended on 31.3.2012 and loss of the company for the year ended 31.3.2012.

iii) Proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 has been taken for safe- guarding the assets of the company and preventing and detecting fraud and other irregularities, to the best of our knowledge and ability.

iv) The annual accounts have been prepared on a going concern and on accrual basis.

DIRECTORS

In accordance with the provisions of the Companies Act, 1956 and Articles of Association of the company, Ms. Chandra Nithyanand, Director retires by rotation and being eligible, offers herself for re-appointment.

CHANGE IN THE NAME OF THE COMPANY

The name of the company has been changed from Onida Saka Limited to Saka Limited with effect from 02/03/2012 in terms of fresh certificate of incorporation consequent upon change in the name of the company issued by Registrar of Companies, NCT of Delhi and Haryana.

AUDITORS' REPORT

Auditors' observations have been explained in annexure 'B' which forms part of this report.

AUDITORS

The auditors M/s. J. L. Garg & Co., Chartered Accountants retire at the conclusion of the forthcoming annual general meeting and being eligible offer themselves for re-appointment. A confirmation in terms of Section 224(1B) of the Companies Act, 1956 has been received from them.

PARTICULARS OF EMPLOYEES, CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EARNINGS AND OUTGO

The company does not have any employee whose remuneration falls under the limits prescribed under section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975. The information under section 217 (1) (e) of the said act read with the Companies (Disclosure of particulars in the Report of the Board of Directors) Rules, 1988 is set out in annexure 'A' and forms part of this report.

ACKNOWLEDGMENT

Your directors wish to thank and deeply acknowledge the valuable assistance; co-operation and support extended by the Central and State government authorities and banks during the year under review. The Board also gratefully acknowledges the support and goodwill extended by the shareholders of the company.

For and on behalf of the Board of Directors

(S. C. Rustagi) (B. P. Yadav) (Director) (Director)

Date: July 30, 2012 Place: New Delhi

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Mar 31, 2011

The directors submit their report and accounts for the financial year 2010-11

OPERATIONS

During the year ended March 31, 2011, the sales and other income were Rs. 720/- as against Rs. 13,000/- in the previous year ended 31st March 2010. The loss for the period under review was Rs 2,76,507/- as against loss of Rs 3,21,730/- in the previous year.

DIVIDEND

The directors do not recommend any dividend.

DIRECTORS' RESPONSIBILITIES STATEMENT

i) The financial accounts are prepared in conformity with the accounting standards issued by the Institute of Chartered Accountants of India and requirements of the Companies Act, 1956 to the extent applicable to the company.

ii) The accounting policies used in preparation of financial statements have been consistently applied. The estimates and judgments relating to the financial statements have been made on a prudent and reasonable basis, such financial statements reflect in a true and fair manner, the state of affairs of the company at the year ended on 31.3.2011 and loss of the company for the year ended 31.3.2011.

iii) Proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 has been taken for safe- guarding the assets of the company and preventing and detecting fraud and other irregularities, to the best of our knowledge and ability.

iv) The annual accounts have been prepared on a going concern and on accrual basis.

DIRECTORS

In accordance with the provisions of the Companies Act, 1956 and Articles of Association of the company, Mr S. C. Rustagi, Director retires by rotation and being eligible, offers himself for re-appointment.

AUDITORS' REPORT

Auditors' observations have been explained in annexure 'B' which forms part of this report.

AUDITORS

The auditors M/s J. L. Garg & Co., Chartered Accountants retire at the conclusion of the forthcoming annual general meeting and being eligible offer themselves for re-appointment. A confirmation in terms of Section 224(1B) of the Companies Act, 1956 has been received from them.

PARTICULARS OF EMPLOYEES, CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EARNINGS AND OUTGO

The company does not have any employee whose remuneration falls under the limits prescribed under section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975. The information under section 217 (1) (e) of the said act read with the Companies (Disclosure of particulars in the Report of the Board of Directors) Rules, 1988 is set out in annexure 'A' and forms part of this report.

ACKNOWLEDGMENT

Your directors wish to thank and deeply acknowledge the valuable assistance; co-operation and support extended by the Central and State government authorities and banks during the year under review. The Board also gratefully acknowledges the support and goodwill extended by the shareholders of the company.

For and on behalf of the Board of Directors

(S.C. Rustagi) (B. P. Yadav)

Date: July 26, 2011 (Director) (Director)

Place: New Delhi

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Mar 31, 2010

The directors submit their report and accounts for the financial year 2009-10

OPERATIONS

During the year ended March 31, 2010, the sales and other income were Rs. 13,000/- as against Rs 46,968/- in the previous year ended 31st March 2009. The loss for the period under review was Rs 3,21,730/-as against loss of Rs 3.33,765/-in the previous year.

DIVIDEND

The directors do not recommend any dividend.

AUDITORS REPORT

Auditors observations have been explained in annexure B which forms part of this report.

DIRECTORS RESPONSIBILITIES STATEMENT

i) The financial accounts are prepared in conformity with the accounting standards issued by the Institute of Chartered Accountants of India and requirements of the Companies Act, 1956 to the extent applicable to the company.

ii) The accounting policies used in preparation of financial statements have been consistently applied. The estimates and judgments relating to the financial statements have been made on a prudent and reasonable basis, such financial statements reflect in a true and fair manner, the state of affairs of the company at the year ended on 31.3.2010 and loss of the company for the year ended 31.3.2010

iii) Proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 has been taken for safe- guarding the assets of the company and preventing and detecting fraud and other irregularities, to the best of our knowledge and ability.

iv) The annual accounts have been prepared on a going concern and on accrual basis.

DIRECTORS

In accordance with the provisions of the Companies Act, 1956 and Articles of Association of the company, Mr B. P. Yadav, Director retires by rotation and being eligible, offers himself for re-appointment.

AUDITORS

The auditors M/s J. L. Garg & Co., Chartered Accountants retire at the conclusion of the forthcoming annual general meeting and being eligible offer themselves for re-appointment. A confirmation in terms of Section 224(1 B) of the Companies Act, 1956 has been received from them. .

PARTICULARS OF EMPLOYEES, CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EARNINGS AND OUTGO

The company does not have any employee whose remuneration falls under the limits prescribed under section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975. The information under section 217 (1) (e) of the said act read with the Companies (Disclosure of particulars in the Report of the Board of Directors) Rules, 1988 is set out in annexure A and forms part of this report.

ACKNOWLEDGEMENT

Your directors wish to thank and deeply acknowledge the valuable assistance; co-operation and support extended by the Central and State government authorities and banks during the year under review. The Board also gratefully acknowledges the support and goodwill extended by the shareholders of the company.

For and on behalf of the Board of Directors

(S. C. Rustagi) (B. P. Yadav)

Director (Director)

Date: July 31,2010

Place: New Delhi