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Asahi Infrastructure & Projects Ltd.

BSE: 512535 Sector: Infrastructure
NSE: N.A. ISIN Code: INE933C01036
BSE LIVE 12:17 | 07 Dec 1.14 0.02
(1.79%)
OPEN

1.14

HIGH

1.14

LOW

1.14

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 1.14
PREVIOUS CLOSE 1.12
VOLUME 1000
52-Week high 1.56
52-Week low 1.00
P/E 4.56
Mkt Cap.(Rs cr) 4.00
Buy Price 1.10
Buy Qty 3000.00
Sell Price 1.14
Sell Qty 1500.00
OPEN 1.14
CLOSE 1.12
VOLUME 1000
52-Week high 1.56
52-Week low 1.00
P/E 4.56
Mkt Cap.(Rs cr) 4.00
Buy Price 1.10
Buy Qty 3000.00
Sell Price 1.14
Sell Qty 1500.00

Asahi Infrastructure & Projects Ltd. (ASAHIINFRASTR) - Director Report

Company director report

To

The Members

ASAHI INFRASTRUCTURE & PROJECTS LIMITED Akola.

Your Directors have great pleasure in submitting their 27th ANNUAL REPORT onthe business & operations of the Company along with the Audited Balance Sheet andProfit And Loss Account for the year ended 31st March 2015.

1. FINANCIAL RESULTS:

Financial Results of the Company for the year under review along with the figures forprevious year are as follows: (Amount in Rs.)

Consolidated Year Ended
PARTICULARS 2015 2014
Total Income 139234674 1011870126
Depreciation 5316679 7307845
Profit before Taxation 5572757 7473559
Provision for Taxation 2359342 2233035
Appropriations
Profit After Tax 3213416 5240524

 

Standalone Year Ended
PARTICULARS 2015 2014
Total Income 139234674 1011870126
Depreciation 5316679 7307845
Profit before Taxation 7864472 9788422
Provision for Taxation 2359342 2233035
Appropriations
Profit After Tax 5505130 7555387

2. OPERATIONS:

During the year Company s net profit before tax decrease from Rs. 9788422/- (RupeesNinty Seven lac Eighty Eight Thousand Four Hunderd Twenty Two Only) to Rs. 7864472/-(Rupees Seventy Eight Lac Sixty Four Thousand Four Hunderd Seventy Two Only). YourDirectors expects to achieve better performance in future and are taking maximum effortsto control the cost and optimize the results in the coming year.

3. EXPANSION PROGRAMMES:

Good news for your company is that Presently your company has concentrating on use ofprecast priestess flow technology one this experiment / trial is successful your companyis planning to expand its activities on major housing Affordable Housing Project inRajasthan state & nearly areas like company is in negotiation with related partieswho has got (6) Mega housing projects in Rajasthan costing Rs. 300 Cores. Your companyexpect bright prospectus in coming time as newly elected govt. having full majority after30 years have concentrated on infrastructure sector. Not only this Ministry of UrbanDevelopment got allocation of Rs. 4000 /- crore in the current year budget to focus onespecially affordable housing sector. Your company has got expertise in this segment since26 years & now time has come to encasement its 25 years experience Due to this marketconditions in affordable housing sector will boom up.

The company has submitted EOI for skill development programmed under Rajasthan Skilland Livelihoods Development Corporation (Govt. of Rajasthan U/T) there by training ofskill worker for 3000 students will be undertaken in next these years at Jhunjhunu Sikar& Churu district Under this programmed company will train 5000 skilled workers in thefield of masons / carpenter / plumber / electrician /bar binders which will give skilledhands to company as well can provide these skilled worker to other builders also.

As we are aware that it is the mission of new Govt. to development skilled workers incountry so that unskilled youth can get employment which will directory improve GDP ofcountry.

4. FUTURE PROSPECTS:

The robustness of the Indian Economy is reflected in the fact that despite challengingheadwinds the Euro zone crisis and a substantially weaker rupee India GDP is expected togrow by about 6.5% in 2015-16. The Company's is optimistic of growth through continuednetwork expansion and innovation.

5. DIVIDEND:

The Company has not declared any dividend during the year.

6. SHARE CAPITAL:

There is no change in Authorized Capital and Issued Share Capital during the financialyear.

7. FIXED DEPOSITS:

During the year your Company has not accepted any deposits from the public.

8. DIRECTORS:

During the year Mr. Nilesh Bhaiya Directors of the Company retire by rotation and beingeligible has offered them for re-appointment. The members are therefore requested tore-appoint them in the forthcoming Annual General Meeting.

9. SUBSIDIARIES:

The Company has set up a subsidiary unit in Dubai for general trading activities.

10. DIRECTORS RESPONSIBILITY STATEMENT:

As required under Section 217 (2AA) of the Companies Act 1956 the Board of Directorshereby confirms:

i. That in the preparation of the Annual Accounts the applicable accounting standardshave been followed along with the proper explanation relating to material departures.

ii. That the Directors have selected such accounting policies and applied themconsistently and make judgments and estimates that are 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 Profit of the Company for that period.

iii. That the Directors have taken proper and sufficient care for the maintenance ofadequate accounting records in accordance with the provision of this Act for safeguardingthe 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.

11. CORPORATE GOVERNANCE:

Pursuant to Clause 49 of the Listing Agreement with the Stock Exchange a

Management Discussion and Analysis Statement Corporate Governance Report CEO

CFO and Auditors Certificate regarding compliance of conditions of Corporate

Governance are made a part of the Annual Report.

12. STOCK EXCHANGE REQUIREMENTS:

Being listed at the Bombay Stock Exchange Limited Mumbai your Company has paidlisting fees till March 2015.

13. AUDITORS:

M/s B.M. Gattani & Co. Chartered Accountants Mumbai Statutory Auditors of yourCompany hold office until the conclusion of the forthcoming Annual General Meeting andhave signified their willingness to be re-appointment and have further confirmed theirre-appointment if shall be made shall be within the limits specified under Section 224(1B) of the Companies Act 1956.

14. AUDITORS REPORT:

The notes to Auditors Report are self explanatory and hence no explanation is requiredfrom the Board as such.

15. CONSERVATION OF ENERGY:

Even though the major activity of the Company does not involve high consumption ofenergy your Company is making all efforts to optimize usage of energy.

16. TECHNOLOGY ABSORPTION:

Your Company has not imported any technology hence no details are given.

The Company has designed and developed mechanical RC pilling machine which will reducethe piling labour cost by 60% with improved quality of construction and will help thereduction in project completion time.

17. PARTICULARS OF EMPLOYEES:

In accordance with the provision of Section 217 of the Companies Act 1956 read withthe Companies (Particulars of Employees) Amendment Rules 1999 as amended up to date therewere no employees during the whole or part of the year who were in receipt of remunerationin excess of limits as mentioned in the said section and hence no details are given assuch.

18. ACKNOWLEDGEMENTS:

Your Directors take this opportunity to place on record gratitude for corporation andsupport received from their Banker various departments and agencies of Central and StateGovernment and dedication and commitment of the staff at all levels without which theall-round growth and prosperity of the Company would not have been possible. YourDirectors also appreciate the support provided by the several overseas and local customersto the Company s marketing efforts and to the esteemed shareholders who have maintainedconfidence in the Company.

By the Order of the Board
Asahi Infrastructure & Projects Limited
Sd/-
L.J.Rathi
(Chairman & Managing Director)
Date: 20th Aug 2015
Place: Akola

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