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Alexander Stamps & Coin Ltd.

BSE: 511463 Sector: Others
NSE: N.A. ISIN Code: INE191N01012
BSE 11:51 | 25 Feb 10.50 -0.22
(-2.05%)
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10.19

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11.21

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10.19

NSE 05:30 | 01 Jan Alexander Stamps & Coin Ltd
OPEN 10.19
PREVIOUS CLOSE 10.72
VOLUME 13999
52-Week high 21.95
52-Week low 10.19
P/E
Mkt Cap.(Rs cr) 9
Buy Price 10.20
Buy Qty 42.00
Sell Price 10.64
Sell Qty 50.00
OPEN 10.19
CLOSE 10.72
VOLUME 13999
52-Week high 21.95
52-Week low 10.19
P/E
Mkt Cap.(Rs cr) 9
Buy Price 10.20
Buy Qty 42.00
Sell Price 10.64
Sell Qty 50.00

Alexander Stamps & Coin Ltd. (ALEXANDERSTAMPS) - Director Report

Company director report

To

The Members Alexander Stamps and Coin Limited Vadodara

Your Directors have pleasure in presenting their 25th Annual Report on thebusiness and operations of the Company and the accounts for the Financial Year ended March31 2017.

1. Financial summary or highlights/Performance of the Company (Standalone)

The Board's Report shall be prepared based on the stand alone financial statements ofthe company.

Particulars 2016-17 2015-16
Revenue from Operation 84059150 4627000
Other Income 4958.34 0.00
Less: Total Expenditure (Excluding Depreciation and Finance Cost) 77420580.32 1745229.00
Finance Cost 8076.96 2250.00
Depreciation and Amortization 0.00 0.00
Profit before exceptional Items 6651604.98 2884021.00
Exceptional Items 0.00 0.00
Profit before tax 6651604.98 2884021.00
Current tax 2241816.00 900000.00
Profit after tax 4409788.98 1984021.00

2. Brief description of the Company's working during the year/State of Company'saffair

The Company is in the business of philatelic and numismatic activates. The Company isone of the leading organization which is dealing in philatelic and numismatic activity.The stamps which company possessed rare collections and collected by various Philatelists.People can also place order from the website to purchase these precious assets atpredetermined prices fixed by the Company from time to time.

In addition to this Company is also planning to have its own gallery wherein Companywill place exhibition on various stamps and other related literature which includesexhibition on Mahatma Gandhi's Stamps issued by the Government of India from time to time.Keeping in view of the Company is in process of identification of suitable place inVadodara city. However Company is also in round of discussion with various Philatelistsand other organization to have various exhibitions to promote philatelic activity in ournation.

Further to promote digitalization the company has also purchased website namelywww.indianstampghar.com and launched www.sellmystampscoins.com which will in turn surelystrengthen the business of the Company.

During the year under review your company has registered profit during the year ended31st March 2017 amounted to Rs. 44.10 lac as compared to profit of Rs. 19.84lac during the previous year.

Report on Performance and Financial Position of Subsidiaries Associates and JointVenture Companies NA

The Company does not have Subsidiaries Associate and Joint Venture Companies. Hencedetails for the same are not required to mention here.

3. Change in the nature of business if any : NA

4. Dividend

Looking to the current and future expansion plan your Director has not recommended anydividend for the financial year 2016-17.

5. Reserves

Out of the profits available for appropriation Rs.44.10 lac has been transferred to theGeneral Reserve.

6. Change of Name

The Company has changed its name from "Rudraksh Cap-Tech Limited" to "AlexanderStamps and Coin Limited" with effect from 30th December 2016.

7. Share Capital

The paid up Equity Share Capital as on March 31 2017 was Rs. 52500000/-

During the year under review the company has not forfeited any shares and has not madeany allotment of the equity shares of the company.

ISSUE OF SHARES WITH DIFFERENTIAL RIGHTS

During the year under review the Company has not issued any shares with differentialvoting rights.

ISSUE OF SWEAT EQUITY SHARE

During the year under review the Company has not issued any sweat equity shares.

ISSUE OF EMPLOYEE STOCK OPTIONS

During the year under review the Company has not issued any sweat equity shares.

PROVISION OF MONEY BY COMPANY FOR PURCHASE OF ITS OWN SHARES BY EMPLOYEES OR BYTRUSTEES FOR THE BENEFIT OF EMPLOYEES

The Company has no scheme of provision of money for purchase of its own shares byemployees or by trustees for the benefit of employees. Hence the details under rule 16 (4)of Companies (Share Capital and Debentures) Rules 2014 are not required to be disclosed.

8. Directors and Key Managerial Personnel

Mr. Anirudh Sethi Directors (DIN: 06864789) retire by rotation at the forthcomingAnnual General Meeting and being eligible offer themselves for reappointment.

[IMPORTANT: Ensure to provide the details of directors or key managerial personnelwho were appointed or have resigned during the year.]

9. Particulars of Employees

Pursuant to the Companies (Appointment and Remuneration of Managerial Personnel) Rules2014 statement of particulars of employees is annexed as Annexure III.

10.Meetings

A calendar of Meetings is prepared and circulated in advance to the Directors. Duringthe year Twelve (12) Board Meetings and Four (4) Audit Committee Meetings were convenedand held. The details of which are given in the Corporate Governance Report. Theintervening gap between the Meetings was within the period prescribed under the CompaniesAct 2013.

11.Board Evaluation

Pursuant to the provisions of the Companies Act 2013 and Clause 49 of the ListingAgreement the Board has carried out an annual performance evaluation of its ownperformance the directors individually as well as the evaluation of the working of itsAudit Nomination & Remuneration and Compliance Committees. The manner in which theevaluation has been carried out has been explained in the Corporate Governance Report.

12. Declaration by an Independent Director(s) and re- appointment if any

All Independent Directors have given declaration that they meet the criteria ofIndependent as provided in sub-section (6) of section 149 of Companies Act 2013 andRegulation 25 of SEBI (Listing Obligations and Disclosure Requirement) Regulations2015.

An independent director shall hold office for a term up to five consecutive years onthe Board of a Company but shall be eligible for reappointment for next five years onpassing of a special resolution by the Company and disclosure of such appointment in theBoard's report.

13.Remuneration Policy

The company has adopted a remuneration policy of directors and senior managementpersonnel detailing inter alia the procedure for director appointment and remunerationincluding the criteria for determining qualification.

The policy ensures that

A) the level and composition of remuneration is reasonable and sufficient to attractretain and motivate the directors of the quality require to run the companysuccessfully;

B) relationship of remuneration to the performance is clear and meets appropriateperformance benchmarks; and

C) remuneration to directors and key managerial personnel and senior managementinvolves a balance fixed and incentive pay reflecting short and long term performanceobjectives appropriate to the working of the company and its goal.

The policy has been approved by the nomination and remuneration committee and theboard. The remuneration policy document as approved by the board is uploading on thecompany website "www.alexanderstamps.com"

14.Details of Subsidiary/Joint Ventures/Associate Companies : NA

Pursuant to sub-section (3) of section 129 of the Act the statement containing thesalient feature of the financial statement of a company's subsidiary or subsidiariesassociate company or companies and joint venture or ventures is given as Annexure-IV[Performance and financial position of each of the subsidiaries associates and jointventure companies included in the consolidated financial statement]

Further the Annual Accounts and related documents of the subsidiary company shall bekept open for inspection at the Registered & Corporate Office of the Company. TheCompany will also make available copy thereof upon specific request by any Member of theCompany interested in obtaining the same. Further pursuant to Accounting Standard AS-21issued by the Institute of Chartered Accountants of India Consolidated FinancialStatements presented by the Company in this Annual Report include the financialinformation of its subsidiary.

15.Auditors

The Company's Auditors M/s. Sheetal Samriya & Associates Chartered AccountantsVadodara (Firm Registration No.: 011478C) whose appointment is subject to ratification atthe ensuing Annual General Meeting of the Company are eligible for appointment. They haveconfirmed their eligibility under Section 141 of the Companies Act 2013 and the Rulesframed there under for reappointment as Auditors of the Company. As required under SEBI(Listing Obligations and Disclosure Requirement) Regulations 2015 the auditors havealso confirmed that they hold a valid certificate issued by the Peer Review Board of theInstitute of Chartered Accountants of India.

16.Auditors' Report

The Auditors' Report does not contain any qualification. Notes to Accounts and Auditorsremarks in their report are self-explanatory and do not call for any further comments.

17.Disclosure about Cost Audit : NA

18.Secretarial Audit Report

In terms of Section 204 of the Act and Rules made there under M/s. D Patel &Associate Practicing Company Secretary (COP No.: 15027) have been appointed SecretarialAuditors of the Company. The report of the Secretarial Auditors is enclosed as AnnexureV to this report. The report is self-explanatory and do not call for any furthercomments.

19.Internal Control Systems and their adequacy

The Company has an Internal Control System commensurate with the size scale andcomplexity of its operations. During the year under review the company retained externalaudit firm named M/S. MOORJANI SHYAM & ASSOCIATES to review its existinginternal control system with a view of tighten the same and introduce system ofself-certification by all the process owners to ensure that internal controls over all thekey business processes are operative. The Internal Audit Department monitors and evaluatesthe efficacy and adequacy of internal control system in the Company its compliance withoperating systems accounting procedures and policies at all locations of the Company andits subsidiaries. Based on the report of internal audit function process owners undertakecorrective action in their respective areas and thereby strengthen the controls.Significant audit observations and corrective actions thereon are presented to the AuditCommittee of the Board.

20.Vigil Mechanism :

In pursuant to the provisions of section 177(9) & (10) of the Companies Act 2013and Regulation 22 of SEBI (Listing Obligations and Disclosure Requirements) Regulations2015 a Vigil Mechanism for directors and employees to report genuine concerns has beenestablished. The Vigil Mechanism Policy has been uploaded on the website of the Company.

21.Risk management policy

Risk management is embedded in your company's operating framework. Your companybelieves that managing risk helps in maximizing returns. The company's approach toaddressing business risk is comprehensive and includes periodic review of such risks and aframework for mitigating controls and reporting mechanism of such risks. The riskmanagement framework is reviewed periodically by the Board and the Audit Committee. Someof the risks that the company is exposed to are:

Commodity Price Risks:

The Company is exposed to the risk of price fluctuation of raw material as well asfinished goods. The company proactively manages these risks through forward bookingInventory management and proactive vendor development practices. The Company's reputationfor quality product differentiation and service coupled with existence of powerful brandimage with robust marketing network mitigation the impact the impact of price risk onfinished goods.

Regulatory Risks:

The company is exposed to risks attached to various statues and regulations includingthe company Act. The company is mitigating these risks through regular review of legalcompliances carried out through internal as well as external compliance audits.

Human Resources Risks:

Retaining the existing talent pool and attracting new talent are major risks. Thecompany has initialed various measures including rolling out strategic talent managementsystem training and integration of learning and development activities.

Strategic Risks:

Emerging businesses capital expenditure for capacity expansion etc. are normalstrategic risk faced by the company. However the company has well-defined processes andprocedures for obtaining approvals for investments in new business and capacity expansionetc.

22.Extract of annual return:

As required pursuant to section 92(3) of the Companies Act 2013 and rule 12(1) of theCompanies (Management and Administration) Rules 2014 an extract of annual return in MGT9 as a part of this Annual Report as ANNEXURE I .

23.Material changes and commitments if any affecting the financial position of thecompany which have occurred between the end of the financial year of the company to whichthe financial statements relate and the date of the report

"To buy sell lease import export to act as agent sub-agents distributorscommission agents representatives stockists sale and exhibition organiser or otherwisedeal in Philately and Numismatic and to co-ordinate provide consultancy services advicefor furtherance and promotion of the development of the Philately and Numismatic trade inor outside India encouragement of related scientific research and the building ofconstructive relationships with professional numismatists and philatelist internationallyincluding collection and storage of revenue stamp railway freight stamp or commemorativestamp material used in the designing of stamps an artefact an appliance or machinerywhether of historical association or not used in the production of stamps any documentrelating to the issue or use of stamps; and any material or thing relating to philatelythat is of significance to collectors a medal badge token or charm or paper money apattern proof or specimen striking any object of numismatic technology or equipment anyarchival record relating to numismatics."

24.Details of significant and material orders passed by the regulators or courts ortribunals impacting the going concern status and company's operations in future

NA

25.Details in respect of adequacy of internal financial controls with reference to theFinancial Statements. Company has adequate internal control systems in house.

26.Deposits :

During the year under review the Company has not accepted any deposit from public.

27.Particulars of loans guarantees or investments under section 186 : N.A. Detailsof Loans:

SL No Date of making loan Details of Borrower Amount Purpose for which the loan is to be utilized by the recipient Time period for which it is given Date of BR Date of SR (if reqd) Rate of Interest Security
N.A. N.A N.A N.A N.A N.A N.A N.A N.A N.A

Details of Investments:-

SL No Date of investment Details of Investee Amoun Purpose for which the proceeds from investment is proposed to be utilized by the recipient Date of BR Date of SR (if reqd) Expected rate of return
N.A N.A N.A N.A N.A N.A N.A N.A

Details of Guarantee / Security Provided: N.A.

SL No Date of providing security/grantee Details of recipient Amount Purpose for which the security/guarantee is proposed to be utilized by the recipient Date of BR Date of SR (if any) Commission
N.A N.A N.A N.A N.A N.A N.A N.A

28.Particulars of contracts or arrangements with related parties:

The particulars of every contract or arrangements entered into by the Company withrelated parties referred to in sub-section (1) of section 188 of the Companies Act 2013including certain arm's length transactions under third proviso thereto shall be disclosedin Form No. AOC-2. As Annexure II (Format enclosed).

29.Corporate Governance Certificate (Applicable to Listed Companies)

The Compliance certificate from the auditors or practicing company secretariesregarding compliance of conditions of corporate governance as stipulated in Clause 49 ofthe Listing agreement shall be annexed with the report.

30.Management Discussion and Analysis

The Management Discussion and Analysis forms part of this Annual Report for the yearended 31st March 2017.

31.Statutory Disclosures

In terms of the provisions of Section 217 (2A) of the Companies Act 1956 read withthe Companies (Particulars of Employees) Rules 1975 as amended the names and otherparticulars of the employees are set out in the annexure to the Directors' Report.However as per the provisions of Section 219 (b) (iv) of the said Act read with Clause 32of the Listing Agreement the Annual Report excluding the aforesaid information is beingsent to all the members of the Company and others entitled thereto. Any member interestedin obtaining such particulars may write to the Company at the registered office of theCompany.

32. Obligation of Company Under The Sexual Harassment of Women At Workplace(Prevention Prohibition And Redressed) Act 2013

The Company has zero tolerance for sexual harassment at workplace and has adopted apolicy against sexual harassment in line with the provisions of Sexual Harassment of Womenat Workplace (Prevention Prohibition and Redressal) Act 2013 and the rules framed thereunder. During the financial year 2016-17 the company has not received any complaints onsexual harassment and hence no complaints remain pending as of 31st March 2017.

33.Conservation of energy technology absorption and foreign exchange earnings andoutgo The details of conservation of energy technology absorption foreign exchangeearnings and outgo are as follows:

a) Conservation of energy:

Your company is conscious to conserve the energy and for the purpose adequate measuresare taken.

b) Technology absorption:

Your company continues to use adequate technological application in the operation ofthe company.

c) Research And Development:

The activities of the company in investment discipline does not require research anddevelopment information

d) Foreign exchange earnings and Outgo:

During the year the total foreign exchange used was Rs. Nil and the total foreignexchange earned was Rs. Nil .

34.Corporate Social Responsibility (CSR)

Corporate Social Responsibility under section 135(1) of Companies Act 2013 is notapplicable as the Company does not have net worth of Rs. 500.00 crores does not haveturnover Rs. 1000.00 crores and does not have net profit of Rs. 5.00 crores during thefinancial year and hence the company is exempted to comply the provision of section134(4)(o) of Companies Act 2013.

Human Resources

Your Company treats its "human resources" as one of its most importantassets.

Your Company continuously invest in attraction retention and development of talent onan ongoing basis. A number of programs that provide focused people attention are currentlyunderway. Your Company thrust is on the promotion of talent internally through jobrotation and job enlargement.

35.Directors' Responsibility Statement

The Directors' Responsibility Statement referred to in clause (c) of sub-section (3) ofSection 134 of the Companies Act 2013 shall state that (a) in the preparation of theannual accounts the applicable accounting standards had been followed along with properexplanation relating to material departures; (b) the directors had selected suchaccounting policies and applied them consistently and made judgments and estimates thatare reasonable and prudent so as to give a true and fair view of the state of affairs ofthe company at the end of the financial year and of the profit and loss of the company forthat period; (c) the directors had taken proper and sufficient care for the maintenance ofadequate accounting records in accordance with the provisions of this Act for safeguardingthe assets of the company and for preventing and detecting fraud and other irregularities;(d) the directors had prepared the annual accounts on a going concern basis; and (e) thedirectors in the case of a listed company had laid down internal financialcontrols to be followed by the company and that such internal financial controls areadequate and were operating effectively. (f) the directors had devised proper systems toensure compliance with the provisions of all applicable laws and that such systems wereadequate and operating effectively.

36. Transfer of Amounts to Investor Education and Protection Fund

Your Company did not have any funds lying unpaid or unclaimed for a period of sevenyears. Therefore there were no funds which were required to be transferred to InvestorEducation and Protection Fund (IEPF).

37.Listing with stock exchanges:

The Company confirms that it has paid the Annual Listing Fees for the year 2017-18 toBSE Limited where the Company's Shares are listed

38.Acknowledgements

Your Directors thank the various Central and State Government DepartmentsOrganizations and Agencies for the continued help and co-operation extended by them. TheDirectors also gratefully acknowledge all stakeholders of the Company viz. customersmembers dealers vendors banks and other business partners for the excellent supportreceived from them during the year. The Directors place on record their sincereappreciation to all employees of the Company for their unstinted commitment and continuedcontribution to the Company.

For and on behalf of the Board of Directors
SD/-
Place: Vadodara Anirudh Sethi
Date: 14.08.2017 Chairman

Annexure II

FORM NO. AOC -2

(Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) ofthe Companies (Accounts) Rules 2014.

Form for Disclosure of particulars of contracts/arrangements entered into by thecompany with related parties referred to in sub section (1) of section 188 of theCompanies Act 2013 including certain arms length transaction under third proviso thereto.

1. Details of contracts or arrangements or transactions not at Arm's length basis. NA

SL. No. Particulars Details
a) Name (s) of the related party & nature of relationship
b) Nature of contracts/arrangements/transaction
c) Duration of the contracts/arrangements/transaction
d) Salient terms of the contracts or arrangements or transaction including the value if any
e) Justification for entering into such contracts or arrangements or transactions'
f) Date of approval by the Board
g) Amount paid as advances if any
h) Date on which the special resolution was passed in General meeting as required under first proviso to section 188

2. Details of contracts or arrangements or transactions at Arm's length basis. : NA

SL. No. Particulars Details
a) Name (s) of the related party & nature of relationship
b) Nature of contracts/arrangements/transaction
c) Duration of the contracts/arrangements/transaction
d) Salient terms of the contracts or arrangements or transaction including the value if any
e) Date of approval by the Board
f) Amount paid as advances if any

Form shall be signed by the people who have signed the Board's Report.

Annexure - III

Statement of Particulars of employees pursuant to the Companies (Appointment andRemuneration of Managerial Personnel) Rules 2014

Sl. No . Name Designation/ Nature of Duties Remuneration Received [Rs.] Qualification Experience in years Age in years Date of commencement of employment Last employment held
1 2 3 4 5 6 7 8 9
NA NA NA NA NA NA NA NA

Notes;

All appointments are / were non-contractual

Remuneration as shown above comprises of Salary Leave Salary Bonus Gratuity wherepaid Leave Travel Assistance Medical Benefit House Rent Allowance Perquisites andCompany's Contribution to Provident Fund and Superannuation Fund. Remuneration on Cashbasis

None of the above employees is related to any Director of the Company employed for partof the financial year.

Annexure - IV

STATEMENT PURSUANT TO SECTION 212 (8) OF THE COMPANIES ACT 1956 RELATING TO SUBSIDIARYCOMPANY

In accordance with the General Circular No: 2/2011 dated 8 February 2011issued by theMinistry of Corporate Affairs Government of India the Balance Sheet the Statement ofProfit and Loss and other documents of the subsidiary are not being attached with theAnnual Accounts of the Company. This Annual Report contains Consolidated FinancialStatement of the Company and its subsidiary in accordance with the relevant AccountingStandards and the same has been duly audited by Statutory Auditors. The annual Accounts ofthe subsidiary company and related information will be made available to the shareholdersof the Company and its subsidiary company on request and will also be kept open forinspection by the shareholders at the Registered Office of the Company and the subsidiary.

Name of Subsidiary Company NA
Issued & Subscribed Capital NA
Reserves NA
Total Assets NA
Total Liabilities NA
Investments NA
Turnover NA
Profit/(Loss)before Tax NA
Provision for Tax NA
Profit/(Loss) After Tax NA
Proposed Dividend NA