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Alchemist Corporation Ltd.

BSE: 531409 Sector: Others
NSE: N.A. ISIN Code: INE057D01016
BSE LIVE 13:24 | 09 Nov 6.60 0.31
(4.93%)
OPEN

6.30

HIGH

6.60

LOW

6.30

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 6.30
PREVIOUS CLOSE 6.29
VOLUME 200
52-Week high 14.25
52-Week low 4.36
P/E
Mkt Cap.(Rs cr) 3
Buy Price 6.60
Buy Qty 8.00
Sell Price 0.00
Sell Qty 0.00
OPEN 6.30
CLOSE 6.29
VOLUME 200
52-Week high 14.25
52-Week low 4.36
P/E
Mkt Cap.(Rs cr) 3
Buy Price 6.60
Buy Qty 8.00
Sell Price 0.00
Sell Qty 0.00

Alchemist Corporation Ltd. (ALCHEMISTCORP) - Director Report

Company director report

To The Members of Alchemist Corporation Limited DIRECTORS’ REPORT TO THEMEMBERS

The Directors are pleased to present Annual Report and Audited Accounts for thefinancial year ended March 31 2017.

FINANCIAL HIGHLIGHTS

Audited Financials Results – Standalone (In Rupees)

Particulars Year ended 31st March 2017 Year ended 31st March 2016
Net Sales/Income from Operations 3360009
Other Income 306897 326150
Total Income 306897 3686159
Total Expenses 2850181 6185028
Exceptional Items 3630598
Profit / (Loss) Before Taxation (6173883) (2498868)
Deferred Tax 27223 4125
Profit / (Loss) After Taxation (6201106) (2502994)
Surplus / (Deficit) carried to Balance Sheet
EPS (1.26) (0.51)

Audited Financials Results - Consolidated

(In Rupees)

Particulars Year ended 31st March 2017 Year ended 31st March 2016
Net Sales/Income from Operations 3360009
Other Income 306897 326150
Total Income 306897 3686159
Total Expenses 3337826 6216680
Exceptional Items 3630598
Profit / (Loss) Before Taxation (6661528) (2530520)
Deferred Tax 27223 4125
Profit /( Loss) After Taxation and before Minority Interest (6688751) (2534646)
Profit / (Loss) After Taxation and after Minority Interest (6463752) (2520041)
EPS (1.36) (0.51)

OPERATIONS

The income of the company for the period under review was Rs. 306897/- as against Rs.3686159/- in the last year resulting into a loss of Rs. 6201106/- as against a lossof Rs. 2502994/- in the previous year mainly on account of Administrative ExpensesSalary

Costs and Depreciation.

CAPITAL STRUCTURE

During the current year the Company has not received any additional Capital. Totalpaid up Paid up Share Capital of the Company as on 31st March 2017 is Rs.49143330.

DIVIDEND

In view of financial losses during 2016-2017 Your Directors have not recommended anydividend for the financial year 2016-2017.

RESERVE

The Board of Directors of the Company does not propose any amount to carry to anyreserve for the financial year ended March 31 2017.

FIXED DEPOSIT

Your Company has not accepted any Fixed Deposits during the year.

MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY

No material changes or commitments have occurred between the end of the financial yearto which the financial statements relate and the date of this report affecting thefinancial position of the company.

STATUTORY AUDITORS

The tenure of the recent Auditor M/s AAAM & Company Chartered Accountants Noidahaving Firm Registration No. 08113C is complete at this AGM. So The Company at its 24thAGM held on 29th September 2017 appoints M/s Pawan K. Agrawal & Co. CharteredAccountants Noida having Firm Registration Number 003112C allotted by The Institute ofChartered Accountants of India as Statutory Auditors of the Company to hold office fromthe conclusion of this AGM till the conclusion of the Annual General Meeting for theFinancial Year 2019-2020 subject to the ratification at every AGM at such remuneration asmay be mutually determined between the said Auditors and the Board of Directors of thecompany." The Company has obtained necessary certificate under Section 141 of theCompanies Act 2013 from them conveying their eligibility for being statutory auditor ofthe Company.

AUDITORS’ REPORT

The observations/qualifications of the Auditors in the Auditors Report are explainedNotes to the Accounts.

INTERNAL AUDITOR

The Company has appointed M/s. S. Kumar Goel & Company Chartered Accountants (FirmRegistration No. 05275C) as an Internal Auditor of the Company for the FY 2016-17 toconduct internal audit of the Company.

SECRETARIAL AUDITORS

Pursuant to the provisions of Section 204 of the Act and the Companies (Appointment andRemuneration of Managerial Personnel) Rules 2014 the Company has appointed M/s. Preeti J& Associates Company Secretaries as its Secretarial Auditor to conduct theSecretarial Audit of the Company for the financial year 2016-17. The Report of SecretarialAuditor (Form MR - 3) is annexed to the report as "Annexure - I". EXTRACTOF ANNUAL RETURN

Pursuant to section 92(3) of the Companies Act 2013 and Rule 12(1) of the Companies(Management and Administration) Rules 2014 extract of annual return in Form MGT-9 isannexed to the report as "Annexure - II".

CONSERVATION OF ENERGY RESEARCH & DEVELOPMENT TECHNOLOGY ABSORPTION FOREIGNEXCHANGE EARNING AND OUTGO:

The information as per Section 134(3)(m) of the Act read with Rule 8 of the Companies(Accounts) Rules 2014 regarding Conservation of Energy Research & DevelopmentTechnology Absorption and Foreign Exchange Earning and Outgo is annexed to the report as