Monica Electronics Ltd.-இன் இயக்குநர் அறிக்கை

Mar 31, 2014

THE MEMBERS

The directors submit their report and accounts for the financial year 2013-14

OPERATIONS

During the year ended March 31, 2014, the sales and other income were Rs. 5,00,914/- as against Rs. 2923/- in the previous year ended March 31, 2013. The loss for the period under review was Rs. 9,10,645/- as against loss of Rs. 2,58,355/- in the previous year.

DIVIDEND

The directors do not recommend any dividend.

DIRECTORS'' RESPONSIBILITIES STATEMENT

i) The financial accounts are prepared in conformity with the accounting standards issued by the Institute of Chartered Accountants of India and requirements of the Companies Act, 1956 to the extent applicable to the company.

ii) The accounting policies used in preparation of financial statements have been consistently applied. The estimates and judgments relating to the financial statements have been made on a prudent and reasonable basis, such financial statements reflect in a true and fair manner, the state of affairs of the company at the year ended on 31.3.2014 and loss of the company for the year ended 31.3.2014.

iii) Proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 has been taken for safe- guarding the assets of the company and preventing and detecting fraud and other irregularities, to the best of our knowledge and ability.

iv) The annual accounts have been prepared on a going concern and on accrual basis.

DIRECTORS

In accordance with the provisions of the Companies Act, 1956 and Articles of Association of the company, Mr. B. P. Yadav Director retires by rotation and being eligible, offers himself for re-appointment.

Mr. Rajeev Saxena was appointed as an additional director of the company. He holds office till the annual general meeting. The company has received a notice from a shareholder along with the required deposit signifying his intention to proposed the name of Mr. Rajeev Saxena as a director of the company. The directors recommend the resolution for shareholders; approval.

The company has received declaration from independent directors confirming that they fulfill the criteria of independence as prescribed under sub-section (6) of section 149 of the Companies Act, 2013.

AUDITORS'' REPORT

Auditors'' observations have been explained in annexure ''B'' which forms part of this report.

AUDITORS

The auditors M/s. Agarwal Seth & Co., Chartered Accountants retire at the conclusion of the forthcoming annual general meeting. M/s Agarwal Seth & Co. have expressed their willingness to continue as auditors of the company, if appointed. They have further confirmed that the said appointment, if made, would be within the prescribed limits under section 141(3)(g) of the Companies Act, 2013 and that they are not disqualified for re-appointment. The Board of Directors recommend the re-appointment of M/s Agarwal Seth & Co. as statutory auditors of the company.

PARTICULARS OF EMPLOYEES, CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EARNINGS AND OUTGO

The company does not have any employee whose remuneration falls under the limits prescribed under section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975. The information under section 217 (1) (e) of the said act read with the Companies (Disclosure of particulars in the Report of the Board of Directors) Rules, 1988 is set out in annexure ''A'' and forms part of this report.

ACKNOWLEDGMENT

Your directors wish to thank and deeply acknowledge the valuable assistance; co-operation and support extended by the Central and State government authorities and banks during the year under review. The Board also gratefully acknowledges the support and goodwill extended by the shareholders of the company.

For and on behalf of the Board of Directors Rajeev Saxena Director

B. P. Yadav Director

Date: Aug 04, 2014 Place: New Delhi

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Mar 31, 2012

TO THE MEMBERS

The directors submit their report and accounts for the financial year 2011-12.

OPERATIONS

During the year ended March 31, 2012, the sales and other income were Rs. 2,66,507 as against Rs. 1,32,983/- in the previous year ended 31st March 2011. The loss for the period under review was Rs. 44,150/- as against loss of Rs. 1,85,260/- in the previous year.

DIVIDEND

The directors do not recommend any dividend.

DIRECTORS'' RESPONSIBILITIES STATEMENT

i) The financial accounts are prepared in conformity with the accounting standards issued by the Institute of Chartered Accountants of India and requirements of the Companies Act, 1956 to the extent applicable to the company.

ii) The accounting policies used in preparation of financial statements have been consistently applied. The estimates and judgments relating to the financial statements have been made on a prudent and reasonable basis, such financial statements reflect in a true and fair manner, the state of affairs of the company at the year ended on 31.3.2012 and loss of the company for the year ended 31.3.2012.

iii) Proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 has been taken for safe- guarding the assets of the company and preventing and detecting fraud and other irregularities, to the best of our knowledge and ability.

iv) The annual accounts have been prepared on a going concern and on accrual basis.

DIRECTORS

In accordance with the provisions of the Companies Act, 1956 and Articles of Association of the company, Mr S. K. Shukla, Director retires by rotation and has expressed his inability of offer himself for re-appointment. The company has received a proposal in writing under section 257 of the Companies Act, 1956 from one member proposing the candidature of Mr A. K. Dhingra for the director ship of the company. The same is being put up for the approval of shareholders.

AUDITORS'' REPORT

Auditors'' observations have been explained in annexure ''B'' which forms part of this report.

AUDITORS

The auditors M/s Goel Garg & Co., Chartered Accountants retire at the conclusion of the forthcoming annual general meeting and being eligible offer themselves for re-appointment. A confirmation in terms of Section 224(1 B) of the Companies Act, 1956 has been received from them.

PARTICULARS OF EMPLOYEES, CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EARNINGS AND OUTGO

The company does not have any employee whose remuneration falls under the limits prescribed under section 217{2k) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975. The information under section 217 (1) (e) of the said act read with the Companies (Disclosure of particulars in the Report of the Board of Directors) Rules, 1988 is set out in annexure ''A'' and forms part of this report.

ACKNOWLEDGMENT .

Your directors wish to thank and deeply acknowledge the valuable assistance; co-operation and support extended by the Central and State government authorities and banks during the year under review. The Board also gratefully acknowledges the support and goodwill extended by the shareholders of the company.

For and on behalf of the Board of Directors

(AmarJeet Singh)

(Director)

(B. P. Yadav)

(Director)

Date: July 30,2012

Place: New Delhi

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Mar 31, 2011

The directors submit their report and accounts for the financial year 2010-11

OPERATIONS

During the year ended March 31, 2011, the sales and other income were Rs. 1,32,983/- as against Rs 2,02,089/- in the previous year ended 31st March 2010. The loss for the period under review was Rs 1,85,260/-as against loss of Rs 1,18,991/- in the previous year.

DIVIDEND

The directors do not recommend any dividend.

DIRECTORS' RESPONSIBILITIES STATEMENT

i) The financial accounts are prepared in conformity with the accounting standards issued by the Institute of Chartered Accountants of India and requirements of the Companies Act, 1956 to the extent applicable to the company.

ii) The accounting policies used in preparation of financial statements have been consistently applied. The estimates and judgments relating to the financial statements have been made on a prudent and reasonable basis, such financial statements reflect in a true and fair manner, the state of affairs of the company at the year ended on 31.3.2011 and loss of the company for the year ended 31.3.2011.

iii) Proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 has been taken for safe- guarding the assets of the company and preventing and detecting fraud and other irregularities, to the best of our knowledge and ability.

iv) The annual accounts have been prepared on a going concern and on accrual basis.

DIRECTORS

In accordance with the provisions of the Companies Act, 1956 and Articles of Association of the company, Mr B. P. Yadav, Director retires by rotation and being eligible, offers himself for re-appointment.

AUDITORS' REPORT

Auditors' observations have been explained in annexure 'B' which forms part of this report.

AUDITORS

The auditors M/s Goel Garg & Co., Chartered Accountants retire at the conclusion of the forthcoming annual general meeting and being eligible offer themselves for re-appointment. A confirmation in terms of Section 224(1B) of the Companies Act, 1956 has been received from them.

PARTICULARS OF EMPLOYEES, CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EARNINGS AND OUTGO

The company does not have any employee whose remuneration falls under the limits prescribed under section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975. The information under section 217 (1) (e) of the said act read with the Companies (Disclosure of particulars in the Report of the Board of Directors) Rules, 1988 is set out in annexure 'A' and forms part of this report.

ACKNOWLEDGMENT

Your directors wish to thank and deeply acknowledge the valuable assistance; co-operation and support extended by the Central and State government authorities and banks during the year under review. The Board also gratefully acknowledges the support and goodwill extended by the shareholders of the company.

For and on behalf of the Board of Directors

(Amar Jeet Singh) (Director)

(B. P. Yadav) (Director)

Date : July 26, 2011

Place: New Delhi

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Mar 31, 2010

The directors submit their report and accounts forthe financial year 2009-10

OPERATIONS

During the year ended March 31,2010, the sales and other income were Rs 2,02,089 as against Rs. 46,89,869/- in the previous year ended 31 st March 2009. The loss for the period under review was Rs. 1,18,991 /- as against loss of Rs. 1,87,077/-in the previous year.

DIVIDEND

The directors do not recommend any dividend.

AUDITORSREPORT

Auditors observations have been explained in annexure B which forms part of this report.

DIRECTORSRESPONSIBILITIES STATEMENT

i) The financial accounts are prepared in conformity with the accounting standards issued by the Institute of Chartered Accountants of India and requirements of the Companies Act, 1956 to the extent applicable to the company. ,

ii) The accounting policies used in preparation of financial statements have been consistently applied. The estimates and judgments relating to the financial statements have been made on a prudent and reasonable basis, such financial statements reflect in a true and fair manner,,the state of affairs of the company at the year ended on 31.3.2010 and loss of the. company for the year ended 31.3.2010

iii) Proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 has been taken for safe- guarding the assets of.the company andpreventing and detecting fraud and other irregularities, to the best of 6ur knowledge and ability.,

iv) The annual accounts have been prepared on a.going concern and on accrual basis.

DIRECTORS

In accordance with the provisions of the Companies Act, 1956 and Articles of Association of the company, Mr Amar Jeet Singh, Director retires by rotation and being eligible, offers himself for re-appointment.

AUDITORS

The auditors M/sGoel Garg & Co., Chartered Accountants retire at the conclusion of the forthcoming annual general meeting and being eligible offer themselves for re-appointment."A confirmation in terms of Section 224(1 B) of the Companies Act, 1956 has been received from them.

PARTICULARS OF EMPLOYEES, CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EARNINGS AND OUTGO

The company does not have any employee whose remuneration falls under the limits prescribed-under section 217(2A) of the Companies-Act,. 1956 read with the Companies (Particulars of Employees) Rules, 1975. The information under section 217 (1) (e) of the said act read with the Companies (Disclosure of particulars in the Report ofthe Board of Directors) Rules, 1988 is set out in annexureAand forms part of this report. .

ACKNOWLEDGEMENT

Your directors wish to thank and deeply acknowledge the valuable assistance; co-operation and support extended by the Central and State government authorities and banks during the year under review. The Board also gratefully acknowledges the support and goodwill extended by the shareholders^ the company.

For and on behalf of the Board of Directors

(AmarJeet Singh) Director

(B.RYadav) Director

Date: July 31,2010 Place: New Delhi