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Premier Plantation Ltd.

BSE: 523570 Sector: Agri and agri inputs
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan Premier Plantation Ltd
NSE 05:30 | 01 Jan Premier Plantation Ltd

Premier Plantation Ltd. (PREMPLANTATION) - Director Report

Company director report

PREMIER PLANTATIONS LIMITED ANNUAL REPORT 2006-2007 DIRECTOR'S REPORT Your directors have pleasure in presenting the 16th Annual Report together with Audited Accounts for the period ended 31st March, 2007. FINANCIAL RESULTS: Your company had no business operations during the year. Your directors are trying to get into alternate business and a project report is being prepared. DIRECTORS: Mrs. Sukumary Muralidharan retires by rotation at the ensuing Annual General Meeting and being eligible offer himself for reappointment. DIRECTORS RESPONSIBILITY STATEMENT: Pursuant to the requirements under Sec.217 (2AA) of the Companies Act 1956, it is hereby confirmed, i) That in the preparation of the annual accounts for the period ended 31st March 2007; the applicable accounting standards have been followed. ii) That the directors has selected such accounting policies and applied them consistently and made judgments and estimates that were reasonable and prudent so as to give a true and fair view of the state of affairs of the company as at the end of the financial year and of the profit of the Company for the year under review. iii) That the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, for safeguarding against fraud and other irregularities. iv) That the directors had prepared the accounts for the year ended 31st March 2007 on a going concern basis. CORPORATE GOVERNANCE The Board of directors of the company consist of 3 non executive members. The company had no chairman during the year. There were four Board Meetings during the year. No sitting fees was paid. There were no share transfers during the year. Since the company was not operative during the year, and the shares not traded in any of the exchanges. the other matters of corporate governance are not applicable. AUDITORS: Mr. Pradeep Kumar P. Chartered Accountant, company's auditor retires at this AGM and being eligible offers for reappointment. PARTICULARS OF EMPLOYEES: The information as require under Sec. 217(2A) of the Companies Act 1956 is not applicable as there is no employee drawing remuneration at the stipulated rates. CONSERVATION OF ENERGY. TECHNOLOGY, ABSORPTION AND FOREIGN EXCHANGE EARNING AND OUTGO: The information required under Sec. 217(1)(e) of the Companies Act, 1956 read with the companies (Disclosure of particulars in the report of Board of Directors) Rules, 1988 are not applicable, as the company had no operations. Date : 09.09.07. Place: Ernakulam. By order of the Board Sd/- T.P. Muralidharan Director.