Sample Professional
Directors Report Format 2012 for a Private Limited Company in India in .doc
Mumbai. Dated : , 2013 Directors.
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DIRECTOR’S
REPORT
To
The Members
Rocket
Sales Ltd.
Your Directors have
pleasure in presenting the 15th Annual Report together with the Audited
Accounts of the Company for the year ended on 31st March, 2013.
1. Performance
of the Company :
During the
year under review, which was your company’s second year of operation, your
company has been able to achieve sales of Rs.------ ( Previous period Rs. ------).
Your company was able to achieve operating
profit of Rs. ---- (Previous period Rs. ------) and profit before tax of Rs. --------
(Previous period Rs.------). Your directors are hopeful of further improvement
in performance or your company during the current year.
2. Dividend:
Your
directors are pleased to recommend a dividend of 40% on the face value of the Equity Share of Rs.10/- each.
3. Reserve and
Surplus
The balance
in Reserve and Surplus stands at Rs.--------- (as on 31st March, 2012
-------).
4. Auditors :
M/s. Rocket Associates & Co., Chartered Accountants, Statutory
Auditors of the Company retires at the forth-coming Annual General Meeting and
being eligible offer themselves for re-appointment.
5. Particulars
of Employees :
The
provisions of section 217(2A) of the Companies Act, 1956 are not applicable as
no employee was in receipt of remuneration in excess of limits laid down
therein.
6. Conservation
of Energy, Technology Absorption :
Considering
the nature of activities of the Company, no comment is made on conservation of
energy and Technology absorption.
7. Foreign
Exchange Earnings/ Outgo :
There
has been no foreign exchange earning or any outgo during the year under review.
8. Directors :
Sri Anil Sen retires
by rotation in the forthcoming Annual General Meeting and being eligible,
offers himself for re-election.
9. Directors
Responsibility Statement :
As required
by section 217(2AA) of the Companies Act, 1956 it is hereby stated
a. That in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departure, if any.
b. That the directors had selected such accounting policies and applied them consistently and made judgments 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 and loss of the company for that period.
c. That the directors had taken proper and sufficient care for the maintenance of 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 the directors had prepared the annual accounts on a going concern basis.
a. That in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departure, if any.
b. That the directors had selected such accounting policies and applied them consistently and made judgments 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 and loss of the company for that period.
c. That the directors had taken proper and sufficient care for the maintenance of 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 the directors had prepared the annual accounts on a going concern basis.
10.
Acknowledgement
:
Your
directors wish to place on record their appreciation and acknowledge with
gratitude the support and co-operation extended by the clients, consultants,
Bank and employees of the company and look forward to their continued support.
For and on behalf of
the Board
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