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Radhagobind Commercial Ltd.

BSE: 539673 Sector: Others
NSE: N.A. ISIN Code: INE792P01012
BSE LIVE 15:09 | 14 Aug 13.75 -0.69
(-4.78%)
OPEN

13.75

HIGH

13.75

LOW

13.75

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 13.75
PREVIOUS CLOSE 14.44
VOLUME 96
52-Week high 14.45
52-Week low 10.80
P/E
Mkt Cap.(Rs cr) 2
Buy Price 13.75
Buy Qty 155.00
Sell Price 0.00
Sell Qty 0.00
OPEN 13.75
CLOSE 14.44
VOLUME 96
52-Week high 14.45
52-Week low 10.80
P/E
Mkt Cap.(Rs cr) 2
Buy Price 13.75
Buy Qty 155.00
Sell Price 0.00
Sell Qty 0.00

Radhagobind Commercial Ltd. (RADHAGOBINDCOMM) - Director Report

Company director report

TO THE SHARE HOLDERS

Your Directors have pleasure in presenting their report together with the auditedBalance sheet as at 31st March 2015 and Statement of Profit & Loss for theyear ended on that date.

Financial Results

Amount (In Rs.)
S. No. Particulars 2014-2015 2013-2014
1. Gross Income 5398378.03 4362755.00
2. Profit Before Interest and Depreciation 548042.33 231866.41
3 Profit Before Tax 278890.33 80391.41
4 Provision for Tax 77496.00 26048.00
5 Profit After tax 201394.33 54343.41
6. Proposed Dividend on Equity Shares NIL NIL
7. Balance Brought forward from Balance Sheet 2783598.46 2729255.05
8. Balance carried forward to Balance Sheet 2984992.79 2783598.46

Management Discussion and Analysis Report

As required under clause 49 of the listing Agreement with the Stock Exchanges themanagement Discussion and Analysis report is enclosed as a part of this report.

Corporate Governance and Shareholders Information

Your Company has taken adequate steps to adhere to all the stipulations laid down inClause 49 of the listing agreement. As report on Corporate Governance is included as partof this report. Certificate from the Statutory Auditors of the Company M/s Ashok KumarNatwarlal & Co. Chartered Accountants confirming the compliance with the conditionsof Corporate Governance as stipulated under Clause 49 of the Listing Agreement is includedas a part of this report.

Listing with Stock Exchanges

The Company confirms that it has paid the Annual Listing Fees for the year 2015-2016 toCSE where the Company s share are listed.

Dematerialisation of shares

96.10% of the Company s paid up Equity share Capital is in dematerialised form as on31/03/2015 and the balance are in physical form. The Company s registrar are M/s NicheTechnologies Private Limited having their registered office at D-511 Bagree Market 5thFloor 71 B R B Basu Road Kolkata-700001.

Number of Board Meetings Held

The Board of Directors duly met Eleven Times during the financial year from 1stApril 2014 to 31st March 2015. The dates on which meetings were held are asfollows:

10/04/2014 31/05/2014 10/06/2014 11/07/2014 11/08/2014 31/10/201428/11/201416/12/2014 13/01/2015 30/03/2015 31/03/2015.

Directors

Pursuant to the Provisions of Section 161 (1) of the Companies Act 2013 read with theArticles of Association of the Company Sri Pratik Jain is appointed as AdditionalDirector of the Company with effect from 16/12/2014. Smt Anny Jain is appointed asadditional director of the Company on 30/03/2015 but she resign on 22/04/2014. Smt PayelChakraborty is appointed as Additional Non Executive professional Director of the Companyon 21/04/2015 . Directors shall hold office only upto the date of this Annual GeneralMeeting and being eligible offer herself for reappointment.

Subsidiaries

Details of the Subsidairies are covered under MGT-9.

In accordance with the general Circular issued by the Ministry of Corporate AffairsGovernment of India the Balance Sheet Statement of Profit and Loss Account and otherDocuments of the Subsidiaries Company are not being attached attached with the BalanceSheet of the Company. However the information of the Subsidiaries are disclosed incompliance with the circular. The Company will provide a copy of Separate annual accountsin respect of each of its subsidiary company to any shareholder of the company who ask forit and the said annual accounts will also be kept for inspection at the registered officeof the company and that of the respective subsidiary companies.

Directos Responsibility Statement

Pursuant to Section 134(5) of the Companies Act 2013 Director of your company herebystate and confirm that:-

a) In the preparation of the annual accounts for the year ended 31st March2015 the applicable accounting standards have been followed along with proper explanationrelating to material departures;

b) They have selected such accounting policies and applied them consistently and madejudgments and estimates that are reasonable and prudent so as to give a true and fair viewof the state of affairs of the Company at the end of financial year and of the profit ofthe Company for the same period;

c) The directors have taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with the provisions of the Companies Act 2013 forsafeguarding the assets of the Company and for preventing and detecting fraud and otherirregularities;

d) They have prepared the annual accounts on a going concern basis;

e) They have laid down internal financial controls in the company that are adequate arewere operating effectively;

f) They have devised proper systems to ensure compliance with the provisions of allapplicable laws and these are adequate and are operating effectively.

Audit Observations

Auditors observation are suitably explained in notes to the Accounts and areself-explanatory.

Auditors:

a) Statutory Auditors:- The Auditors M/s Ashok Kumar Natwarlal and Co. CharteredAccountants Kolkata have been appointed as Auditor of the Company at the last AnnualGeneral Meeting held on 30.09.2014 for a period of three years subject to ratification bymembers at every consequent general meeting. Therefore ratification of appointment ofstatutory Auditors is being sought from the members of the Company at the ensuing AGM.

b) Secretarial Audit:- According to the Provision of Section 204 of the Companies Act2013 read with Rule 9 of the Companies (Appointment and Remuneration of ManagerialPersonnel) Rules 2014 the Secretarial Audit Report submitted by the Companies Secretaryin Practice is enclosed as a part of this report.

Conservation of Energy Technology Absorption Foreign Exchange Earnings and Outgo

Information required under Section 134(3)(m) of the Companies Act 2013 read with rule8 of the Companies (Accounts) Rules 2014 is not applicable to the Company.

Corporate Social Responsibility

In terms of Section 135 and Schedule VII of the Companies Act 2013 the CSR is notapplicable for the Company.

Vigil Mechanism

In pursuant to the provisions of Section 177(9) & (10) of the Companies Act 2013 avigil Mechanism for Directors and Employee to report genuine concerns has beenestablished.

Related Party Transactions

Relate Party Transactions were not entered during the financial year. Therefore therequirement of Form AOC-2 is not required.

Extracts of Annual Return

The details forming part of the Extract of the Annual Return in form MGT-9 is annexed.

Particulars of Loans Guarantees or Investments

The Company has not given Loans Guarantees and Investments. Therefore the requirementto disclose in Notes to Accounts are not required.

Preferential Issue

During the Year the Company came out with a Preferential Issue of 1200000 equityshares @ of Rs. 25/- each. The issue was subscribed and shares are allotted on 10/06/2014.

Remuneration to the Directors/KMP

Sr No. Names Designation Remuneration in 2014-2015 Remuneration in 2013- 2014
1 Mr. Sanjay Kumar Tiwari Managing Director 116667 Nil
2 Mr. Jay Prakash Lahoti CS (KMP) 96667 Nil
3 Mr. Raghav Randar CFO (KMP) 96667 Nil

Mr. Jay Prakash Lahoti resigned from the post of Company Secretary on 31/03/2015.

Acknowledgement

Directors deeply acknowledge the trust and confidence you have placed in the company.Director would also like to thank all its Banker Customer Vendors and Shareholders fortheir Continued support to the Company. In specific the Board would also record itssincere appreciation of the Commitment and Contribution made by all employees of theCompany.

Kolkata
BY ORDER OF THE BOARD