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Typhoon Holdings Ltd.

BSE: 512307 Sector: Others
NSE: N.A. ISIN Code: N.A.
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Typhoon Holdings Ltd. (TYPHOONHOLDINGS) - Director Report

Company director report

Directors' Report

To

The Members

TYPHOON HOLDINGS LIMITED

The Directors have pleasure in presenting the Annual Report of the Company togetherwith the Audited Annual Accounts for the year ended 31st March 2014.

FINANCIAL RESULTS

PARTICULARS Year ended March 31 2014 Year ended March 31 2013
(In Rs.) (In Rs.)
Profit/(Loss) before depreciation and taxes (267871) (253019)
Net Profit/(Loss) before Tax (267871) (253019)
Less: Provision for Tax 0 0
Net Profit/(Loss) after Tax (267871) (253019)

OPERATIONS

The Company has made a loss of Rs. 267.871/- in the year under report as against Rs.253019/- in the previous year.

CORPORATE GOVERNANCE

The paid-up Capital of the Company being less than Rupees Three Crores the Clause 49of the Listing Agreement is not applicable to the Company.

DIVIDEND

No Dividend is declared or recommended by the Board of Directors of the Company duringthe year in view of the losses.

DIRECTORS’ RESPONSIBILITY STATEMENT

Pursuant to the requirements u/s. 217(2AA) of the Companies Act 1956 your Directorshereby state and confirm that:

i) In preparation of the annual Accounts the applicable Accounting Standards have beenfollowed along with proper explanations relating to material departures if any;

ii) They have selected the 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 the affairs of the Company at the end of the financial year under reviewand for Loss of the Company for the same period.

iii) They have taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with the provisions of the Companies Act 1956 forsafeguarding the assets of the Company and for preventing and detecting fraud and otherirregularities;

iv) Annual Accounts are prepared on a going concern basis.

AUDITORS

M/s. D M Oza & Associates Chartered Accountants statutory Auditors of the Companyretire at the conclusion of the ensuing Annual General Meeting and are eligible forre-appointment. The Company has received a letter to the effect that their appointment ifmade would be within the prescribed limit under section 224(1-B) of the Companies Act1956.

AUDITORS’ REPORT

The comments in the Auditor’s Report with Notes of Accounts and Schedules are selfexplanatory.

PUBLIC DEPOSITS

During the year the Company has not accepted any public deposit u/s. 58A of theCompanies Act 1956 and the rules made there under.

PARTICULARS OF THE EMPLOYEES

The Company does not have any employee who is in receipt of remuneration aggregating tothe sum prescribed u/s. 217(2A) of the Companies Act 1956 read with the Companies(Particulars of Employees) Rules 1975 as amended till date.

CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION & FOREIGN

EXCHANGE EARNINGS & EXPENDITURE

The Company has no activities relating to conservation of energy and technologyabsorption.

There are no foreign exchange transactions during the year.

LISTING

The Equity Shares of the Company is listed at the Bombay Stock Exchange Limited (BSE).

ACKNOWLEDGEMENTS

Your Directors take opportunities to show gratitude towards co-operation received fromShareholders and other Agencies.

By Order of the Board

TYPHOON HOLDINGS LIMITED

DIRECTOR DIRECTOR

Place: Mumbai

Date: September 02 2014