Matra Realty Limited
Your Directors have pleasure in presenting their Report and Audited Accounts of theCompany for the year ended March 31
|Turnover: || |
|Current Period (In Rs.) ||Previous Year (In Rs.) |
|Nil ||Nil |
The financials for the financial year 2016-17 is as follows:-
|PARTICULARS || |
| ||31ST March 2017 ||31ST March 2016 |
| ||(Rs.) ||(Rs.) |
|Sales and other Income ||- ||- |
|Total Expenditure ||467404 ||639310 |
|Profit before tax ||(467404) ||(639310) |
|Profit/(Loss) for the period ||(673007) ||(639310) |
Considering the losses from last few years the directors of company has no recommendedany dividend for the current Period.
3. TERM DEPOSITS :
During the period under review your Company has not accepted any deposit under section73 & 76 of the Companies Act 2013 read with Companies (Acceptance of Deposits) Rules1975. Section 73 to 76 (both inclusive) read with Companies (Acceptance of deposits)Rules 2013 regulates the invitation acceptance and repayment of deposits by theCompanies.
4. INFORMATION UNDER SECTION 196 202 OF THE COMPANIES ACT 2013 AND RULE3 -10 OF THE COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULE 2014 :
None of the employees was in receipt of remuneration exceeding the limit specifiedunder section 196-202 of the Companies Act 2013.
Pursuant to section 152 of the companies Act 2013 (the Act') and under Article(Article No. if any) of the Company's Articles of Association Mr. Dipak Mallick whoretires by rotation and being eligible offers himself for re-appointment is reappointedas a Director of the Company.
Mr. Ashish Goyal has been appointed as an Executive Director of the Company with effectfrom 23Rd August2017 with the terms agreed between Board of Directors and Mr.Ashish Goyal.
6. DIRECTOR'S RESPONSIBILITY STATEMENT:
Pursuant to in terms of clause (c) of Sub Section 3 of Section 134 of the CompaniesAct 2013 the Directors based on the representations received from the managementconfirm: That in the preparation of the Annual Accounts the applicable accountingstandards have been followed.
That we 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 March 2017 and of the Profits /Lossof the Company for that period.
That we have taken proper and sufficient care for the maintenances 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.
That we have prepared the Annual accounts on a going concern basis.
(1) Statutory Auditors:
The Board has proposed the appointment of New statutory auditor of S of the Company Mr.SHAILESH AGARWAL having Membership No. 063220 & Partner of SARP & ASSOCIATESChartered Accountants (Firm Registration No.007375C) Address at 105 4 Fairlee palace HmpHouse Kolkata 700001 as a Statutory Auditor of the Company until the conclusion ofNext Annual General Meeting of the company at a remuneration as the Board of Directors maydetermine. "subject to the approval of the shareholders in the Annual General Meetingof the company.
(2) Secretarial Auditors:
Pursuant to the provisions of Section 204 of the Act and The Companies (Appointment andRemuneration of Managerial Personnel) Rules 2014 the Board of Directors of the Companyhad appointed Megha ModiPracticing Company Secretary in practice(Memb No:390888) toundertake the Secretarial Audit of the Company for the year ended 31st March 2017. TheSecretarial Audit Report is annexed in the Annual Report.
8. CONSERVATION OF ENERGY RESEARCH AND DEVELOPMENT TECHNOLOGY ABSORPTION ANDFOREIGN EXCHANGE EARNING & OUTGO
The information required under the companies Act 2013 with respect to conversation ofenergy technology absorption and foreign exchange earnings / outgo is appended hereto asAnnexure: "A" and it forms part of this Report.
9. EMPLOYEE RELATIONS
The employee relations in the company continued to be positive information as perSection 134 of the Companies Act 2013 (the Act') read with the Companies(Particulars of Employees) rule 1975 forms part of this Report. As per the provisions ofthe Section 136 of the Act the Report and Accounts are being sent to the shareholders ofthe Company excluding the statement on particulars of employees under Section 134 of theAct. Any shareholder interested in obtaining a copy of the said statement may write to theSecretarial Department at the Registered Office of the Company
10. TRADE RELATIONS
Your Directors wish to record appreciation of the continued unstinted support andco-operation from its Customers suppliers of goods/services and all others associatedwith it. Your Company will continue to build and maintain strong association with itsbusiness partners.
Your Company also has a Policy on Prevention of Sexual Harassment which is reviewed bythe Internal Complaints Committee at regular intervals. Your Company recognizes itsresponsibility and continues to provide a safe working environment for women free fromsexual harassment and discrimination and to boost their confidence morale andperformance.
11. CORPORATE GOVERNANCE
As per clause 49 of the Listing Agreement entered into with the Stock ExchangesCorporate Governance Report with auditors' certificate thereon and management Discussionand Analysis are attached and form part of this report. As per clause 55 of the ListingAgreement entered into with the Stock Exchanges a Business Responsibility Report isattached and form part of the annual report.
The Directors thank the Company's customers vendors investors business associatesbankers for their support to the company. The Directors appreciate and value thecontributions made by every member of the "Matra" family across the country.
13. PARTICULARS OF EMPLOYEES
There was no employee in respect of whom information is required to be given pursuantto Section 134 of the Companies Act 2013 read with the Companies (Particulars ofEmployees) Amendment Rules 1999 as amended up-to-date.
14. AUDITOR REPORT
The Auditors' Report to the shareholders did not contain any major adverse orqualification remarks.
15. INDUSTRIAL RELATIONS
During the year under review your company has cordial and harmonious industrialrelations at all levels of the Organization.
16. PUBLIC DEPOSITS
During the year under review your Company has not accepted any Fixed Deposits frompublic within the meaning of the provisions of the Section 73 & 76 of the CompaniesAct 2013 and the Rules made there under.
Your Directors place on record their appreciation of the dedication and commitment ofyour Company's employees and look forward to their support in the future as well.
|Date: August 23 2017 ||For and On Behalf of the Board of Directors |
|Place: Mumbai ||Sd/- |
| ||Arun Kumar Goyal |
| ||Director |