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Unick Fix-A-Form And Printers Ltd.

BSE: 541503 Sector: Services
NSE: N.A. ISIN Code: INE250G01010
BSE 00:00 | 24 Jun 39.60 -1.90
(-4.58%)
OPEN

39.60

HIGH

39.60

LOW

39.60

NSE 05:30 | 01 Jan Unick Fix-A-Form And Printers Ltd
OPEN 39.60
PREVIOUS CLOSE 41.50
VOLUME 50
52-Week high 55.00
52-Week low 28.60
P/E 8.22
Mkt Cap.(Rs cr) 22
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 39.60
CLOSE 41.50
VOLUME 50
52-Week high 55.00
52-Week low 28.60
P/E 8.22
Mkt Cap.(Rs cr) 22
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Unick Fix-A-Form And Printers Ltd. (UNICKFIXAFORM) - Director Report

Company director report

To

The Members

UNICK FIX-A-FORM AND PRINTERS LIMITED

The Directors of the Company feel amiable in presenting 29th Annual Report of theCompany Along with the Audited Statement of Accounts and Auditors' Report for theFinancial Year ended 31st March 2021.

1.) FINANCIAL PERFORMANCE:

Particulars Current Year (F.Y. 2020-21) Previous Year (F.Y. 2019-20)
Revenue from operations 560153245 484120633
Other Income 5853790 3912938
Total Revenue 566007035 488033571
Expenses (Other than finance cost) 512947024 433447904
Finance cost 22060217 15123069
Total expenses 535007241 448570973
Profit before tax 30999794 39462598
Less : Current tax 5288000 7100000
Deferred tax 2461000 3500000
Profit/Loss after tax 23250794 28862598

2. ) STATE OF COMPANY'S AFFAIRS:

There is No change in the Nature of the Business of the Company during the FinancialYear. Despite of difficult market conditions healthy competition in the market and lackof interest of the investors the performance of your Company has been satisfactory toachieve the healthy growth for its stakeholders. The performance evaluations of theCompany are as under;

Revenue: During the financial year 2020-21 the revenue of the Company has increasedfrom Rs. 4841.20 lacs to Rs. 5601.53 lacs it shows that the revenue of the Companyincreased by 13.57% approx. as compared to previous financial year 2019-20.

Expenses: In Financial Year ended 31 March 2021 the expense of the Company isincreased from Rs. 4485.70 lacs to Rs. 5350.07 lacs as compared to the previous financialyear ended on 31 March 2020. And the finance cost of the Company is also increased by Rs.69.37 Lacs as compared to the previous financial year 2019-20.

3. ) DIVIDEND:

Keeping in view the growth prospects of the Company the Board of your company has notrecommended any Dividend for the Financial Year 2020-21.

4. ) MATERIAL CHANGES AND COMMITMENTS:

The Company has not undergone any Material Changes during the Financial Year that mayaffect the Financial Worth of the Company in any way. There are No Significant andMaterial orders passed by the Regulators Tribunals or Courts which can have a Significantimpact on the status of the Company of being a going concern and Company's Operations infuture.

5. ) INTERNAL FINANCIAL CONTROL:

Your Directors state that there are adequate Internal Controls in the Company forensuring the Smooth working of the Operations and growth of the organization

6. ) MANAGEMENT'S DISCUSSION AND ANALYSIS REPORT:

As the requirement under SEBI (LODR) 2015 the Management is required to prepare MDAR for that reason it has been annexed as Annexure V forming part of this Report.

7. ) REPORT ON CORPORAE GOVERNANCE:

Your Company has not been involved in any unethical Practices and has complied with allthe Compliance related requirements. A detailed Report on Corporate Governance is requiredto be made by the Compliance Officer of the Company as per SEBI (LODR) 2015. The same hasbeen annexed in the Report as Annexure VI.

8. ) SUBSIDIARIES/ JOINT VENTURE / ASSOCIATE COMPANIES:

The Company has no Subsidiary/ Joint Venture/ Associate Company and hence is notrequired to prepare any Consolidated Financial Statement.

9. ) DEPOSITS:

The Company has not accepted any Deposits during the Financial Year 2020-21 which arerequired to be reported as per Chapter V and Section 73 to 76 of the Companies Act 2013.

10. ) DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to Section 134(5) of the Companies Act 2013 the board of directors to thebest of their knowledge and ability confirm that:

a) In the preparation of the annual accounts for the year ended March 31 2021 theapplicable accounting standards read with requirements set out under Schedule III to theAct have been followed and there are no material departures from the same;

b) The Directors have selected such accounting policies and applied them consistentlyand made judgments and estimates that are reasonable and prudent so as to give a true andfair view of the state of affairs of the Company as at March 31 2021 and of the profit ofthe Company for the year ended on that date;

c) The Directors have taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with the provisions of the Act for safeguarding theassets of the Company and for preventing and detecting fraud and other irregularities;

d) The Directors have prepared the annual accounts on a ‘going concern' basis;

e) The Directors have laid down internal financial controls to be followed by theCompany and that such internal financial controls are adequate and are operatingeffectively; and

f) The Directors have devised proper systems to ensure compliance with the provisionsof all applicable laws and that such systems are adequate and operating effectively.

11. ) EMPLOYEE STOCK OPTION:

During the year there has not been any issue of Equity shares to the Employees of theCompany on differential basis. Hence no such information is required to be filed underthe provisions of Companies Act 2013.

12. ) AUDITORS AND AUDITOR'S REPORT:

The Previous Auditors - M/s. A.A. Memon Chartered Accountants Ahmedabad (FirmRegistration No. 106346W) who resigns office on mid of the year and they have expressedtheir unwillingness to continue as the Statutory Auditors of the Company from theconclusion of the ensuing Annual General Meeting to be held on 30 September 2021. Assuch the Board of Directors of your Company based on the recommendation of the AuditCommittee have approved the proposal for appointment of M/s. G.M.C.A & Co CharteredAccountants Ahmedabad (Firm Registration No. 109850W)as Statutory Auditors of theCompany on 03rd March 2021 to hold office for a period of 5 years from the conclusion ofthe 29 Annual General Meeting subject to the approval of the Members of the Company atthe ensuing Annual General Meeting.The Notice of AGM contains a business to this effectfor your approval. The Board of Directors wishes to place on record its appreciation ofthe guidance and support ably provided by M/s. A.A. Memon & Co. during their tenure asthe Statutory Auditors of the Company.

The Board has appointed G.M.C.A & Co. Chartered Accountants to conduct theStatutory Audit for the year 2020-21. There are no qualifications or adverse remarks inthe Auditors' Report which require any clarification/ explanation. The Notes on financialstatements are self-explanatory and needs no further explanation. Further the Auditors'Report for the financial year ended 31 March 2021 is annexed herewith for your kindperusal and information.

13. ) EXTRACT OF ANNUAL REPORT:

HEREWITH the Extract of Annual Return in the Specifies form i.e. Form No MGT 9 has beenenclosed as the Annexure I.

14. ) CORPORATE SOCIAL RESPONSIBILITY:

As the Net Worth Turnover and Net Profit are below the Limits as prescribed underSection 135 of the Companies Act 2013 and Rule 9 of the Companies(Corporate SocialResponsibility Policy) Rules 2014 hence the Company is not required to contribute inCSR.

15.) DIRECTORS COMPOSITION:

Underneath a table has been provided consisting of the information regarding Directorsof your Company.

Name Designation Executive /Non- Executive
1. Mr. Bhupen Navnit Vasa Managing Director Executive
2. Mr. Hemen Navnit Vasa Whole time Director Executive
3. Mr. Priyank Hemen Vasa Whole time Director Executive
4. Mr. Andrew Denny Director Non Executive
5. Mrs. Jyotiben Rajeshbhai Solanki Independent Director Non Executive
6. Mr. Shantilal Dhingarmal Chopra Independent Director Non Executive
7. Mr. Purushottam Jagannath Bhide Independent Director Non Executive

16.) MEETINGS OF BOARD:

S. No. Date of the Meeting Members Present
1. 15th June2020 7
2. 31st July 2020 5
3. 26th October2020 4
4. 31st October2020 5
5. 20th January 2021 4
6. 29th January 2021 4
7. 30th January 2021 7
8. 03rd March2021 7

17.) COMMITTEE OF BOARD OF DIRECTORS:

Pursuant to section 178 and other applicable provisions of the Companies Act2013Company had constituted the following Board Committees

1. Audit committee
2. Nomination and remuneration committee
3. Stakeholder relationship committee
4. Independent Director committee
5. Share transfer committee

The composition of all committees has been stated under corporate governance report asan integral part of Annual Report.

18.) BOARD EVALUATION:

Pursuant to the provisions of Companies Act 2013 the Board has carried out an AnnualPerformance Evaluation of its own performance the Directors individually as well asmutually evaluated their performance along with the performance of Audit CommitteeNomination and Remuneration Committee and Stakeholders Relationship Committee. Variousaspects such as Composition Attendance Duties Obligations etc. have been evaluatedunder this. The performance of the Directors was assessed individually and as a Whole.

19.) CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS ANDOUTGO ARE AS FOLLOWS:

The particulars as required under the provisions of section 134(3) (m) of the CompaniesAct 2013 in respect of conservation of energy and technology absorption have not beenfurnished keeping in view the nature of activities undertaken by the company during theyear under review.

20. ) REMUNERATION TO DIRECTORS:

The remuneration paid to Executive Non-Executive and Independent Directors aredisclosed in the extract to the Annual Return in Form MGT-9. The same has been annexed asAnnexure A of Board Report.

21. ) RISK MANAGEMNT POLICY:

Major concern to your Company is monsoon. Our customer list is still dominated bypesticide majors. A good monsoon means good business for them which translate into largeorders for us. The management try to develop the Pharma Clientele which dilute the risk ofmonsoon. Further that the competitive environment of the business new technologicalupgradation financial and debts market position credit cycle etc. are the other risksinvolved however the company is forming strategies forehand

22. ) VIGIL MECHANISM:

Company has vigil mechanism in force to deal with instance of fraud and mismanagementif any. The mechanism ensures that strict confidentiality is maintained whilst dealingwith the concern and also that no discrimination will be meted to any person for agenuinely raised concern. The Chairman of the Audit Committee may also contacted byemployees to report any suspected or concerned incident of fraud/ misconduct.

23. ) SECRETERIAL AUDIT:

The board has appointed CS Vishakha Agrawal Practicing Company Secretary to conductSecretarial Audit for the financial year 2020-21. The Secretarial Audit Report for thefinancial year ended March 31 2021 is annexed herewith marked as Annexure II to thisReport. The Secretarial Audit Report does not contain any qualification reservation oradverse remark.

24. ) PARTICULARS OF LOANS GIVEN INVESTMENT MADE GUARANTEE GIVEN AND SECURITIESPROVIDED:

The company has not given any loan done any investment or provided any guarantee underSection 186 of the Companies Act 2013.

25. ) RELATED PARTY TRANSACTION:

There is no contract or agreement entered into by the company with related partiesreferred to in Sub-Section (1) of Section 188 of the Companies Act 2013.

26. ) DISCLOUSER UNDER THE SEXUAL HERASSMENT OF WOMEN AT WORKPLACE (PREVENTION ANDREDRESSAL) ACT 2013:

Unick Fix-a-form & Printers Limited is to provide the healthy environment to itsemployees the company has in place a prevention of the Sexual Harassment Policy and aninternal complaints committee as per the requirements of sexual harassment of women atworkplace (Prevention Prohibition And Redressal) Act 2013. The policy is available oncompany's website:www.unickfix-a-form.com

27. ) DECLARATON BY INDEPENDENT DIRECTORS:

Your company has received declaration from all the independent directors confirmingthat they meet the criteria of independence as prescribed under the provisions of theCompanies Act 2013 read with schedules and rules issued thereunder as well as Regulation16(1) (b) of Listing Regulation (including any statutory modifications(s) orre-enactment(s) for the time being in force).

28).DISCLOUSER REQUIREMENT:

> As per the Provisions of the SEBI (LODR) Regulation 2015 entered into with thestock exchanges corporate governance report with auditors' certificate thereon andmanagement discussion and analysis are attached which form part of this report.

> Details of the familiarization programme of the independent directors areavailable on the website of the Company www.unickfix-a-form.com During the year thecompany has not transferred any amount to General reserve

29. ) REMUNERATION POLICY:

In accordance of section 178 and other applicable provisions of companies Act 2013 readwith rules there under and applicable regulations of SEBI (Listing Obligation AndDisclosure) Requirements 2015 the board has formulated the nomination and remunerationpolicy of your company on the recommendations of nomination and remuneration committee;the policy is available on company's website:www.unickfix-a- form.com

30. ) CHANGE IN SHARE CAPITAL

During the financial year 2020-21 there was no change in capital structure of thecompany. The Authorised Capital was ? 60000000 and Paid-up Share Capital was ?54850000. Further that the Company:

(a) Has not allotted any shares with differential rights during the year hence thereis nothing to disclose under provisions of section 43 of the Act read with Rule 4(4) ofthe Companies (Share Capital and Debenture) Rule 2014.

(b) Has not allotted any sweat equity shares during the year hence there has not beenanything to disclose under provisions of section 54(1)(d) of the Act read with Rule 8(13)of the Companies (Share Capital and Debenture) Rule 2014.

(c) Has not made any further issue of share capital during the year hence there hasnot been anything to disclose under provisions of section 62(1)(b) of the Act read withRule 12(2) of the Companies (Share Capital and Debenture) Rule 2014.

31.) APPRECIATION:

Your Director wish to express their grateful appreciation to the continued co-operationreceived from the Banks Government Authorities Customers Vendor and Shareholders duringthe year under review. Your Director also wish to place on record their deep sense ofappreciation for the committed service of the Executives staff and workers of the Company

Date : 31.07.2021 By order of the Board of Directors
Place : Ahmedabad For Unick Fix-A-Form & Printers Ltd
Sd/-
Bhupen Navnit Vasa
(Managing Director) (DIN 00150585)

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