| Dear Members,
The Directors hereby submit their Annual Report for the year ended
31st March, 2014 together with the audited Balance Sheet as at 31st
March, 2014 and the Profit & Loss Account for the year ended on that
date. The summarized financial results are as under:
FINANCIAL HIGHLIGHTS
The Company has made a Profit of Rs. 99.440.52 in the current Financial
Year.
DIVIDEND
Your Directors do not recommend any dividend for the financial year
ended on 31st March, 2014.
DIRECTOR'S RESPONSIBILITY STATEMENT
Your Directors state:
a) That in the preparation of the annual accounts, the applicable
accounting standards had been followed along with proper explanation
relating to material departure;
b) That they had selected such accounting policies and applied them
consistently and made judgment and estimates that are reasonable and
prudent so as to give a true and fair view of the state of affairs of
the company at the end of the financial year and of the profit or loss
of the company for that period;
c) That they had taken proper and sufficient care for maintenance of
adequate accounting records, in accordance with the provisions of this
Act for safeguarding the assets of the company and for preventing and
detecting fraud and other irregularities;
d) That they had prepared the annual accounts on a going concern basis.
AUDITORS
A. K. PATHAK & CO, Chartered Accountants the auditor of the Company,
retires at the conclusion of the ensuing Annual General Meeting and
offers them for appointment. A certificate U/S 224(1B) of the Companies
Act. 1956 has been obtained from them. The members are requested to
consider their appointment and fix the remuneration if so appointed.
EMPLOYEES
Statement as required under section 217(2A) of the Companies Act 1956
read with Companies (Particulars of Employees) (Amendment) Rules 1988
is not applicable to the Company.
ENERGY CONSERVATION, RESEARCH DEVELOPMENT & FOREIGN EXCHANGE
EARNING/OUTGO:
The Company did neither own any manufacturing facility nor had any
export business. Therefore, the disclosure of particulars pursuant to
section 217 (1)(e) of the Companies Act, 1956 is not required.
COMPLIANCE CERTIFICATE
Your company has received a certificate U/S 383 (1A) of the Company Act
1956 from a Company Secretary in whole time practice. A copy of the
Certificate is annexed herewith for your Kind perusal.
STATUTORY INFORMATION
The Company being basically in the Manufacturing in plastic items,
requirement regarding disclosure of particulars of conservation of
energy and technology absorption prescribed under Section 217(1)(e) of
the Companies Act. 1956 read with Companies (Disclosure of particulars
in the report of the Board of Directors) Rules. 1988 is not applicable.
By Order of the Board
For, POLYMAC THERMOFORMERS LIMITED
Place: Kolkata PUSPJEET KUMAR PUJA SHARMA
Dated: 30th Day of May, 2014. Director Director |