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Anka India Ltd.

BSE: 531673 Sector: Industrials
NSE: N.A. ISIN Code: INE067C01025
BSE LIVE 15:15 | 23 Nov 20.10 0






NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 20.10
52-Week high 20.10
52-Week low 4.60
Mkt Cap.(Rs cr) 5.53
Buy Price 0.00
Buy Qty 0.00
Sell Price 20.10
Sell Qty 599.00
OPEN 20.10
CLOSE 20.10
52-Week high 20.10
52-Week low 4.60
Mkt Cap.(Rs cr) 5.53
Buy Price 0.00
Buy Qty 0.00
Sell Price 20.10
Sell Qty 599.00

Anka India Ltd. (ANKAINDIA) - Director Report

Company director report

Directors' Report

To the Members

Your Directors are pleased to present the 20thAnnual Report together withtheAuditedAccounts of the Company for the year ended 31 March st 2014

Financial Results

The financial results for the year ended 31 March st 2014 and for the previous yearended 31 March st 2013 are as follows:

(Rs. in Lacs)

Year Ended 31.03.2014 Year Ended 31.03.2013
Income from Operation 0.00 0.00
Other Income 0.55 345.05
Profit before Finance Cost Depreciation and Taxes (18.51) 222.33
Finance Cost 0.10 0.12
Depreciation & Amortisation Expenses 0.00 20.60
Profit before Tax (18.62) 125.96
Provision for Taxation 0.00 25.20
Deferred Tax (Assets)/Liability 0.00 0.00
Short/(Excess) Provision of earlier year 0.00 0.00
Profit for the Year (18.62) 100.76
Earning per Share (0.89) 4.81

Your Company during the year achieved total revenue of Rs. 0.55 lacs including otherincome of Rs.0.55 lacs in comparison to total revenue of Rs.345.05 lacs including otherincome of Rs.345.05 lacs in the previous year ended 31st March 2013. Your Company endedthe year with a net profit of Rs.(18.62) lacs compared to profit of Rs.100.76 lacs for theprevious year ended 31 March st 2013. The earning per share is Rs.(0.89) in comparison toRs. 4.81 per share in the previous year.

The operational aspects of the Company's working have been covered in detail in theManagement Discussion and Analysis Report and the same is deemed to be part of thisDirectors' Report.


Your Directors does not see any possibility of declaration of dividend for the yearunder review.


In accordance with the provisions of the Companies Act 1956 and the Articles ofAssociation of the Company Mrs P.K.Sethi (DIN 01969211) Director of the Company retiresby rotation and being eligible offers herself for re-appointment.

Mr. J.P.Singh and Mr.Kamal Singh Mehra Directors of the Company are being appointedas independent Directors for five consecutive years for a term upto March 31 2019 as perthe provision of Section 149 and other applicable provisions of the CompaniesAct 2013Brief resume of the Directors seeking appointment/re-appointment nature of theirexpertise in specific functional areas and the name of the Public Companies in which theyhold Directorship and Chairman/Membership of the Committees of the Board are givenasAnnexure to the Notice convening theAnnual General Meeting.

None of the Directors of the Company is disqualified as per provisions of Section274(1)(g) of the Companies Act 1956. The Directors have made necessary disclosures asrequired under various provisions of the CompaniesAct 1956 and Clause 49 of theListingAgreement.

Your Directors recommend their appointment/reappointment.

Fixed Deposits

During the year under review your Company did not accept any Fixed Deposits from thePublic.

Auditors &Audit

The Statutory Auditors of the Company M/s. H. Kumar & Associates CharteredAccountants (Firm Registration No.021518N) retire at the ensuingAnnual General Meetingand has confirmed their eligibility and willingness to accept office if re-appointed.TheAudit Committee and the Board of Directors recommends the re-appointment of M/s. H.Kumar & Associates Chartered Accountants (Firm Registration No. 021518N) astheAuditors of the Company for a period of three years.

The observations of the Auditors and the relevant notes on the accounts areself-explanatory and therefore do not call for any further comments.


The Board of Directors of your Company has appointed C. L. Golcha & AssociatesChartered Accountants Ghaziabad (Firm Registration No. 021141N) as InternalAuditorspursuant to the provisions of Section 138 of the CompaniesAct 2013 for the financial year2014-2015.


The Board of Directors of your Company are in the process of appointing theSecretarialAuditor of the Company pursuant to the provisions of Section 204 of theCompaniesAct 2013 for the financial year 2014-2015.

Corporate Governance

The Securities and Exchange Board of India (SEBI) stipulates Corporate Governancestandards for listed companies through Clause 49 of the Listing Agreement of the StockExchanges. Accordingly a separate report on Corporate Governance along with the Auditors'Certificate on its compliance by the Company is included as a part of theAnnual Report.

Directors' Responsibility Statement

On the basis of compliance certificates received from the Internal Auditors andExecutives of the Company subject to the disclosures in the AnnualAccounts and also onthe basis of the discussion with the StatutoryAuditors of the Company from time to timewe state as under:

• that in the preparation of the Annual Account for the financial year ended 31 stMarch 2014 the applicable accounting standards have been followed and there has been nomaterial departure.

• that the Directors have selected such Accounting Policies and applied themconsistently and made judgment and estimates that were reasonable and prudent so as togive a true and fair view of the state of affairs of the Company at the end of thefinancial year and of the profits of the Company for the year under review.

• that the Directors have taken proper and sufficient care for the maintenance ofadequate accounting records in accordance with the provisions of the Companies Act 1956for safeguarding the assets of the Company and for preventing and detecting fraud andother irregularities.

• that the Directors have prepared theAnnualAccounts on a going concern basis.

The Company's Internal Auditors have conducted periodic audit to provide reasonableassurance that the Company's established policies and procedures have been followed. TheAudit Committee constituted by the Board reviews the internal control and financialreporting issues with the InternalAuditors.

Particulars of Employees

There has been no employee during the year whose particulars are required to be givenunder section 217(2A) of the Companies Act 1956 read with the Companies (Particulars ofEmployees) Rules 1975.

Conservation of Energy TechnologyAbsorption Foreign Exchange Earning and Outgo

Information under Section 217(1) (e) of the Companies Act 1956 read with the Companies(Disclosure of the particulars in the Report of Board of Directors) Rules 1988 is giveninAnnexure 'A' forming part of this Report.


Relations with the Employees remained cordial and harmonious throughout the yearthereby strengthening the commitment of the Employees at all level to the growth of theCompany.


The Directors acknowledge with gratitude the co-operation extended by various agenciesof the Central Government Government of Haryana Banks and all Business Associatesduring the year under review. The Board also takes this opportunity to express its deepgratitude for the continuous support received from the Shareholders and wholeheartedcooperation given by the employees of the Company working at various levels.

By Order of the Board
H. S. Sethi
Place : Gurgaon Whole Time Director
Dated : 27th August 2014 DIN No. 00013662


Information regarding Conservation of Energy Technology Absorption and ForeignExchange Earnings & Outgo pursuant to Companies (Disclosures of Particulars in theReport of Board of Directors) Rules 1988 forming part of Directors Report.

Energy Conservation Measures Taken

During the year under review no manufacturing activity were undertaken by the Companyhence nothing can be provided in under this head.


B) Additional investments and proposals being implemented for reduction of energyconsumption

During the year under review no manufacturing activity were undertaken by the Companyhence nothing can be provided in under this head.

C) Impact of the above measures N.A


Research & Development (R&D)

i) Specific areas in which R&D carried out by the Company

During the year under review no manufacturing activity were undertaken by the Companyhence nothing can be provided in under this head.

i) Benefits derived as a result of above R&D During the year under review nomanufacturing activity were undertaken by the Company hence nothing can be provided inunder this head.

iii) Future Plan ofAction . N.A.

iv) Expenditure on Design & Development: NIL

Place : Gurgaon H. S. Sethi
Dated : 27thAugust 2014

Whole Time Director

DIN No. 00013662


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