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Adinath Exim Resources Ltd.

BSE: 532056 Sector: Financials
NSE: N.A. ISIN Code: INE398H01015
BSE LIVE 15:16 | 02 Dec 16.15 -0.85
(-5.00%)
OPEN

17.00

HIGH

17.00

LOW

16.15

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 17.00
PREVIOUS CLOSE 17.00
VOLUME 250
52-Week high 19.14
52-Week low 8.74
P/E
Mkt Cap.(Rs cr) 6.62
Buy Price 16.15
Buy Qty 280.00
Sell Price 17.35
Sell Qty 25.00
OPEN 17.00
CLOSE 17.00
VOLUME 250
52-Week high 19.14
52-Week low 8.74
P/E
Mkt Cap.(Rs cr) 6.62
Buy Price 16.15
Buy Qty 280.00
Sell Price 17.35
Sell Qty 25.00

Adinath Exim Resources Ltd. (ADINATHEXIMRES) - Director Report

Company director report

DIRECTORS' REPORT

To

The Members

Adinath Exim Resources Ltd. Ahmedabad

Your Directors have pleasure in presenting the Twentieth Annual Report together withAudited Statement of Accounts for the Financial Year ended on 31st March 2014:

FINANCIAL RESULTS:

( In Lacs)

Particulars 2013-14 2012-13
Total Income 29.79 28.52
Expenditure 12.08 11.42
Profit Before Interest and Depreciation 17.71 17.10
Less: Depreciation 0.50 0.56
Profit Before Interest 17.20 16.54
Less: Interest 0 0
Profit Before Tax 17.20 16.54
Less: Prior Period Expenses 0 0
Less: Provision for: Current Taxation 3.11 3.37
Deferred Taxation 0.01 0.01
Profit after Taxation 14.08 13.17

The total income of the Company during the year under review is 29.79 Lacs against28.52 Lacs in the previous financial year. The total profit of the Company during the yearunder review is 14.08 Lacs against 13.17 Lacs in the previous financial year.

DIVIDEND

With a view to conserve the financial resources of the Company your Directors do notrecommend any dividend on equity shares for the year ended 31st March 2014.

MANAGEMENT DISCUSSION AND ANALYSIS

A report on Management Discussion and Analysis (MDA) forming part of this reportinter-alia deals adequately with the operation as also current and future outlook of thecompany.

CORPORATE GOVERNANCE

Pursuant to Clause 49 of the Listing Agreement with the Stock Exchange a separatesection titled "Corporate Governance Report" is attached to this Annual report.We have obtained a certificate from a Chartered Accountant on our compliances with clause49 of the listing agreement with Stock Exchanges.

DIRECTORS

Mr. Manoj Savla retires by rotation at the ensuing Annual General Meeting and beingeligible offers himself for re-appointment.

DIRECTOR'S RESPONSIBILITY STATEMENT

Pursuant to the requirement of Section 217(2AA) of the Companies Act 1956 with respectto Director's Responsibility Statement it is hereby confirmed:

i) That in the preparation of the Annual Accounts all the applicable AccountingStandards have been followed.

ii) That the Accounting Policies are adopted and consistently followed and thejudgments and estimates made are reasonable and prudent so as to give a true and fair viewof the state of affairs of the Company at the end of the financial year and of the Profitof the Company for the Financial Year.

iii) That the Directors have taken proper and sufficient care for the maintenance ofadequate Accounting records in accordance with the provisions of the Act for safeguardingthe assets of the Company and for preventing/detecting fraud and irregularities.

iv) That the Directors have prepared the Annual Accounts on going concern basis.

AUDITORS

M/s. Shailesh C. Parikh & Co. Chartered Accountants Statutory Auditors of theCompany who retire at the ensuing Annual General Meeting and are eligible forre-appointment. They have furnished a Certificate regarding their eligibility forre-appointment as Statutory Auditor of the Company pursuant to Section 139(1) of theCompanies Act 2013 read with rules. The Board of Directors recommends theirre-appointment for 2014-15.

SECRETARIAL COMPLAINCE CERTIFICATE

In accordance with Section 383(A) of the Companies Act 1956 the SecretarialCompliance Certificate is attached with the report.

PARTICULARS OF EMPLOYEES

There is no employee drawing remuneration for which information is required to besubmitted under Section 217(2A) of the Companies Act 1956 read with Companies(Particulars of Employees) Rules 1975 as amended.

CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION

The Company is not required to give information relating to conservation of energy andtechnology absorption as the Company is not engaged in any activities referred to inCompanies (Disclosure of Particulars in the Report of Board of Directors) Rules 1988.

FOREIGN EXCHANGE EARNINGS / EXPENSES

The Company does not have any Foreign Exchange Earnings / Expenses during the yearunder review and therefore the information in respect of Foreign Exchange Earnings andOutgo as required by Companies (Disclosure of Particulars in the Report of Board ofDirectors) Rules 1988 is not provided.

PUBLIC DEPOSIT

During the year under review your Company has not accepted any deposits from thepublic.

ACKNOWLEDGEMENT

Your Directors would like to express their sincere appreciation and gratitude for theco-operation and assistance received from its shareholders bankers regulatory bodies andother business constituents during the year under review.

Your Directors also wish to place on record their deep sense of appreciation for thecontribution and commitment displayed by its employees during the year under review.

By Order of Board of Directors
Date : 13/08/2014 PARAS SAVLA
Place : Ahmedabad Chairman

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