Sample Template Example of a Private Company Annual Report Full Professional Format with Directors Report, Balance Sheet, Profit & Loss Accounts, Statuary Compliance etc in India in Word / Doc / Pdf Free Download
(Formerly known as CAPITAL AUTO TYRES PRIVATE LIMITED)
CAPITAL TYRES & TUBES LIMITED
Registered Office:
15/1 J B B Road
Lucknow
UP,
India
1st Annual Report
64017-18
Board
of Directors
Shri Amit
Sharma - Director
Shri Anup
Ghose - Director
Shri Ramesh - Director
Registered
Office:
15/1
J N N Road
Lucknow
UP
India
Bankers:
State Bank of India
14/5 L L Road
Lucknow
UP - 656565
STATUTORY
AUDITORS:
Lala Sons & Associates
Chartered Accountants
1596/5 K N Road
Atul Street
Lucknow – 656564
NOTICE
Notice is hereby given that the 1st
Annual General Meeting of the Company will be held on Thrusday the 14th
June, 2017 at 11.00 A.M. at the Registered office of the Company, ______________________________________
to consider and if thought fit, to pass with or without modifications, the
following resolutions.
ORDINARY BUSINESS:
1
To receive, consider and adopt the audited Balance Sheet of
the Company as at 31st March 2017 and The Profit and Loss Account
for the period ended on the said date, along with the Report of the Directors
and Auditors thereon.
2
To appoint Auditors to hold office from the conclusion of
the this Annual General Meeting till the conclusion of the next Annual General
Meeting and to authorize the Board of Directors to fix their remuneration. M/s Lala
Sons & Associates Chartered Accountants, Lucknow, retire and are eligible
for re-appointment.
Note:
1
A Member who is entitled to attend and vote at the meeting
is entitled to appoint proxy to attend and vote instead and such proxy need not
be a member of the Company. Proxy in order to be effective must be deposited
with the Company not less than 48 hours before the meeting.
Date: Lucknow By the order of the Board
Place: 07th May, 2017
Amit Sharma
Director
DIRECTORS’
REPORT
Your Directors have
pleasure in presenting the 1st Annual Report and Audited Accounts of
the Company for the year ended 31st March, 2017.
Your Company is
Registered in West Bengal State with Registrar of Companies having Certificate
of Incorporation with Corporate Identity No.U454490UP455PDC123454.
There were no
transactions transacted during the period under review.
REVIEW
OF OPERATIONS
As
there were no operations carried out during the period under review, no
comments can be made for the same.
EXPANSION/
IMPROVEMENTS
Not Applicable
QUALITY MANAGEMENT
SYSTEM
Not Applicable
DIRECTORS
During the year under review no Additional Directors were appointed.
AUDITORS
M/s. Lala sons &
Associates., Chartered Accountants, Mysore, auditors of the Company, retire at
the conclusion of the ensuing Annual General Meeting and have expressed their
willingness to act as auditors of the Company, if appointed, and have further
confirmed that the said appointment would be in conformity with the provisions
of Section 224(1B) of the Companies Act. The observations of the Auditors in
their Report on Accounts read with the relevant notes are self-explanatory.
FIXED DEPOSITS
During the year under
review, your Company has neither invited nor accepted any deposits from the
public.
PARTICULARS
OF EMPLOYMENT
As required under the
provisions of Sec. 217(2A) of the Companies Act, 1956, read with the Companies
(Particulars of Employees) Rules, 1975, as amended, regarding employees we
report that:
i)
Expenditure incurred on employees who are in
receipt of remuneration of not less than Rs. 24,00,000/- per annum in aggregate
– Number of Employees – NIL
ii)
Expenditure incurred on employees who are in
receipt of remuneration of not less than Rs. 2,00,000/- per month during part
of the year – Number of Employees - NIL
CONSERVATION
OF ENERGY
As
the company has no production, this is not applicable
TECHNOLOGY ABSORPTION – RESEARCH &
DEVELOPMENT
As
the company has no production, this is not applicable
FOREIGN
EXCHANGE EARNING & OUTGO
As
the company has no transaction/ business during the year hence it is not
applicable
DIRECTORS'
RESPONSIBILITY STATEMENT
Pursuant to the
requirement under Sec. 217 (2AA) of the Companies Act, 1956, with respect to
Director’s Responsibility Statement, it is hereby confirmed:
(i)
That in the preparation of the accounts for
the financial year ended 31st March, 2017 the applicable accounting
standards have been followed along with proper explanation relating to material
departures;
(ii)
That the Directors have selected such
accounting policies and applied them consistently and made judgments and
estimates that were 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 the period under review;
(iii)
That the Directors have taken proper and
sufficient care for the maintenance of adequate accounting records in
accordance with the provisions of the Companies Act, 1956 for safeguarding the
assets of the Company and for preventing and detecting fraud and other
irregularities;
(iv)
That the Directors have prepared the accounts
for the financial year ended 31st March, 2017 on a ‘going concern’
basis.
SECRETARIAL
COMPLIANCE
As per Section 383A of the
Companies Act, 1956 the Company has complied all the relevant laws with respect
to Secretarial Compliance.
ACKNOWLEDGMENT
Your Directors
acknowledge the continued support and co-operation from the Banks, and
Government Authorities during the year under review. Further your Directors thank the Shareholders
for their continued confidence in the Company.
On
behalf of the Board of Directors
Place: Lucknow Amit Sharma Anup Ghose
Date:
07th May, 2017 Director Director
REPORT OF THE AUDITORS TO THE
SHAREHOLDRS OF
CAPITAL TYRES &
TUBES LIMITED
(Formerly known as CAPITALAUTO
TYRES PRIVATE LIMITED)
- I have audited the attached Balance
Sheet CAPITAL Tyres & Tubes Limited, as at March 31, 2017, and the
Profit and Loss Account for the year ended on that date annexed thereto,
which I have signed under reference to this report. These financial
statements are the responsibility of the Companies management. My
responsibility is to express an opinion on these financial statements
based on my audit.
- I conducted my audit in accordance with
the auditing standards generally accepted in India. Those Standards
require that plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free of material misstatement.
An audit includes examining on a test basis, evidence supporting the
amount and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement
presentation. I believe that my audit provides a reasonable basis for my
opinion.
- As required by the Companies (Auditor's
Report) Order, 2003 and as amended by the Companies (Auditors Report)
(Amendment) Order, 2004, issued by the Central Government of India in
terms of sub-section (4A) of section 227 of the Companies Act, 1956 of
India (the Act) and on the basis of such checks of books and records of
the company as I considered appropriate and according to the information
and explanations given to us, I comment that as the Company has not
commenced any business activity the report on the same is not applicable.
- Further to my comments in paragraph 3
above, I report that:
i)
I have obtained all the information and
explanations, which to the best of my knowledge and belief were necessary for
the purposes of my audit;
ii)
In my opinion, proper books of account as
required by law have been kept by the company so far as appears from my
examination of those books;
iii)
The Balance Sheet and Profit and Loss Account
referred to in this report are in agreement with the books of accounts;
iv)
In my opinion, the Balance Sheet and
Profit and Loss Account referred to in this report comply with the
accounting standards referred to in sub-section (3C) of section 211 of the Act;
v)
On the basis of written representations
received from the directors, as on March 31, 2012 and taken on record by the
Board of Directors, I report that none of the directors is disqualified as on
March 31, 2011 from being appointed as director in terms of clause (g) of sub-
section (1) of section 274 of the Act;
vi)
In my opinion and to the best of my information
and according to the explanations given to us, the said financial statements
together with notes thereon and attached thereto gives in the information
required by the Act, in the manner so
required and give a true and fair view in conformity with the accounting
principles generally accepted in India.
a)
in the case of the Balance Sheet, of the
state of affairs of the company as at
March 31, 2012;
b)
in the case of the Profit and Loss Account,
of the Loss for the year ended March 31, 2012.
As per my report on even date
Lala Sons & Addociates
Chartered Accountants
Place: Mysore Lala Lajtat Rao
Date: 07th
May, 2017 (Proprietor)
Membership
No. 125521
CAPITAL
TYRES & TUBES LIMITED
Balance Sheet as at March 31, 2017
Particulars
|
Note No.
|
Amount
(Rs.)
|
||
March
31, 2017
|
March
31, 2016
|
|||
I
II
1.
2.
|
Equities
& Liabilities
1.
Shareholders Fund
a) Share
Capital
b) Reserves
and Surplus
c) Money
Received against Share Warrant
2. Share
Application Money Pending Allotment
3. Non Current
Liabilities
a) Long
Term Borrowing
b) Deferred
Tax Liabilities (Net)
c) Other
Long Term Liabilities
d) Long
Term Provisions
4.
Current Liabilities
a) Short
Term Borrowing
b) Trade
Payables
c) Other
Current Liabilities
d) Short
Term Provisions
Assets
Non
Current assets
(a).
Fixed Assets
(i) Tangible Assets
(ii) Intangible Assets
(iii) Capital Work-in-Progress
(iv) Intangible Asset Under Development
(b).
Non-Current Investment
(c).
Deferred Tax Asset (Net)
(d).
Long Term Loans and Advances
(e).
Other Non-Current Assets
Current
Assets
(a).
Current Investments
(b).
Inventories
(c).
Trade Receivables
(d).
Cash & Cash Equivalents
(e).
Short Term Loans & Advances
(f).
Other Current Assets
Significant
Accounting Policies and Notes to Account
|
1
2
3
4
5
6
8
|
5,00,000
(1,600)
-
-
-
-
-
-
-
-
-
23,870
-
------------------
5,22,270
=========
-
-
-
-
-
-
4,99,400
22,270
-
-
-
600
-
-
------------------
5,22,270
=========
|
-
-
-
-
-
-
-
-
-
-
-
-
-
------------------
-
=========
-
-
-
-
-
-
-
-
-
-
-
-
-
-
------------------
-
=========
|
Notes referred to
above form an integral part of the Balance Sheet
As per my Report of
even date attached
For Lala & sons Associates For and on behalf of the Board
Chartered
Accountant
Lala Lajpat Rao Amit Sharma Anup Ghose
Proprietor Director Director
Place: Lucknow Place: Lucknow
Date: 07th
May, 2017
CAPITAL
TYRES & TUBES LIMITED
Profit & Loss Account for the year
ended March 31, 2017
Particulars
|
Note No.
|
Amount
(Rs.)
|
||
March
31, 2017
|
March
31, 2016
|
|||
I
II
III
IV
V
VI
VII
VIII
IX
X
XI
XII
XIII
XIV
XV
XVI
|
Revenue from Operations
Other
Income
Total Revenue ( I + II)
Expenses
1.
Cost of Materials Consumed
2.
Purchase of Stock-in-Trade
3.
Changes in inventories
4.
Employee Benefit Expenses
5.
Finance Cost
6.
Depreciation
7.
Other Expenses
Total Expenses
Profit/ (Loss)
before exceptional and extraordinary items & Tax (III – IV)
Exceptional
Item
Profit/ (Loss)
before extraordinary items & Tax (V – VI)
Extraordinary
Item
Profit/ (Loss)
before Tax (VII – VIIII)
Tax Expenses
(1)
Current Tax
(2)
Deferred Tax
Profit/
(Loss) for the period from continuing operations
Profit/
(Loss) from discontinuing operations
Tax
expenses of discontinuing operations
Profit/
(Loss) from discontinuing operations after tax (XII-XIII)
Profit/(Loss)
for the period (XI + XIV)
Earnings
per Equity Share
(1)
Basic
(2)
Diluted
Significant
Accounting Policies and Notes to Account
|
7
7
|
-
-
----------------
-
========
-
-
-
-
-
-
1,600
-----------------
1,600
-----------------
(1,600)
-
-----------------
(1,600)
-----------------
-
-----------------
(1,600)
-----------------
-
-
-----------------
(1,600)
-----------------
-
-
-----------------
-
-----------------
(1,600)
=========
(0.16)
(0.16)
|
-
-
----------------
-
========
-
-
-
-
-
-
-
--------------
-
--------------
-
-
---------------
-
---------------
-
-----------------
-
-----------------
-
-
-----------------
-
-----------------
-
-
-----------------
-
-----------------
-
=========
-
-
|
Note
referred to above form an integral part of the Profit & Loss Account
As per my Report of
even date attached
For Lala & sons Associates For and on behalf of the Board
Chartered
Accountant
Lala Lajpat Rao Amit Sharma Anup Ghose
Proprietor Director Director
Place: Lucknow Place: Lucknow
Date: 07th
May, 2017
CAPITAL
TYRES & TUBES LIMITED
NOTES FORMING PART OF THE ACCOUNTS
|
Amount (Rs.)
|
|
March 31, 2017
|
March 31, 2016
|
|
NOTE 1
SHARE CAPITAL
Authorized (50,000 Equity
Shares of Rs. 10 each)
Issued, Subscribed
& Paid up (50,000 Equity Shares of Rs. 10 each)
NOTE 2
RESERVES AND
SURPLUS
a.
Reserves
Opening Balance
(+) Transfer from surplus
(-) Transfer to surplus
Closing Balance
Reserves (a)
b.
Surplus
Opening Balance
(+) Net Profit/ (-) Net Loss For the Current Year
(+) Transfer From / (-) to Reserves
(-) Proposed Dividend
(-) Interim Dividend
Closing Balance
Surplus (b)
Total Reserves
& Surplus (a+b)
NOTE 3
OTHER CURRENT LIABILITIES
Advance from
Sahara India Limited
Audit Fees
Payable
NOTE 4
LONG TERM LOANS
& ADVANCES
Unsecured Loan
Loans and advances from Related Parties
Falcon Tyres Limited
NOTE 5
OTHER NON-CURRENT
ASSETS
Miscellaneous Expenditure to the extent not written off or adjusted
NOTE 6
CASH & CASH
EQUIVALENT
Cash in Hand
NOTE 7
OTHER EXPENSES
Audit Fee
|
5,00,000
---------------
5,00,000
========
-
-
-
-
-
(1,600)
-
-
-
(1,600)
-----------------
(1,600)
=========
22,870
1,000
-----------------23,870
=========
4,99,400
-----------------4,99,400
=========
22,270
-----------------22,270
=========
600
-----------------600
=========
1,000
----------------
1,500
========
|
-
--------------
-
========
-
-
-
-
-
-
-
-
-
-
-----------------
-
=========
-
-
-----------------
-
=========
-
-----------------
-
=========
-
-----------------
-
=========
-
------------------
-
=========
-
----------------
-
========
|
NOTES FORMING PART OF
ACCOUNTS
NOTE 8
A. Significant accounting policies and notes to accounts
Basis of Preparation
of Financial Statement
The financial
statements are prepared in compliance with Indian Accepted Accounting
Principles (GAAP) under the historical cost convention on the accrual basis.
The management evaluates all recently issued or revised accounting standards on
an on going basis.
Use of Estimates
The preparation of
financial statements in conformity with GAAP requires the management to make
estimates and assumptions that affect the reported balances of assets and
liabilities and disclosures relating to contingent assets and liabilities as at
the date of the financial statements and the reported amounts of income and
expenses during the same period.
Sales
Sales
are accounted for on passing of title to the customers. Returns and rebates and
discounts against goods sold are recognised as and when ascertained and
deducted from sales. Sales include excise duty.
Export Benefits
Export
benefits arising on account of entitlement for duty free imports are accounted
for at the time of receipt of material. Other export benefits are accounted for
as and when accrued.
Fixed Assets
Fixed
Assets are stated at cost of acquisition / construction (net of CENVAT/VAT and
other credits) or at revalued amount as the case may be and inclusive of
incidental expenses, erection / commissioning expenses, revamping expenses,
pre-operative expenses, interest, etc. upto the date the asset is put to use.
Investments
Long
Term Investments are valued “at cost” except where there is a diminution in
value, other than temporary, in which case, adequate provision is made against
such shortfall.
Inventories
Inventories
are valued at lower of cost or estimated net realisable value.
Expenditure
Expenses are
accounted for on accrual basis and provisions and mad for all known losses and
liabilities.
B. NOTES TO ACCOUNTS
a) Other Details
Particulars
|
UOM
|
March
31, 2017
|
March
31, 2016
|
Raw
Material Consumed
|
Rs.
|
-
|
-
|
Stock
of Finished Goods
|
Nos.
|
-
|
-
|
Production
Capacity
|
Nos.
|
-
|
-
|
Sales
|
Nos.
|
-
|
-
|
Director’s
Remuneration
|
Rs.
|
-
|
-
|
(b) Auditors’ Remuneration
The Auditors
Remuneration comprises of the following:
Particulars
|
Amount
(Rs.)
|
|
March
31, 2017
|
March
31, 2016
|
|
Statutory
Audit Fees
|
1,000
|
-
|
As per my Report of
even date attached
For Lala & sons Associates For and on behalf of the Board
Chartered
Accountant
Lala Lajpat Rao Amit Sharma Anup Ghose
Proprietor Director Director
Place: Lucknow Place: Lucknow
Date: 07th
May, 2017
BALANCE
SHEET ABSTRACT AND COMPANY’S GENERAL BUSINESS PROFILE
I. Registration Details:
a. Registration
No. - U450545UP4145IPL1321241
b. State Code - 54
c. Balance Sheet Date- 31-03-2017
(Day-Month-Year)
II.
Capital Raised during the year:
Public Issue - Nil Right
Issue - Nil
Bonus Issue - Nil Private
Placement - Nil
III.
Position of Mobilization & Deployment of Fund (Amount in Rs.
Thousand):
Total Liabilities - 522.27 Total
Assets - 522.27
Equities
& Liabilities (Amount in Rs. Thousand):
Paid up Capital -
500.00 Reserves & Surplus -
(1.60)
Money Received
against Share Warrant - Nil
Share Application
Money Pending Allotment - Nil
Non Current
Liabilities -
Nil Current Liabilities - 23.87
Assets
(Amount
in Rs. Thousand):
Fixed Assets - Nil Non-Current Investments - Nil
Deferred Tax Assets - Nil Long Term
Loans & Advances - 499.40
Other Non-Current
Assets - 22.27 Current
Assets - 0.60
IV.
Performance of the Company (Amount in Rs. Thousand):
Revenue from
Operations - Nil Other Income - Nil
Expenses -
1.60 Exceptional Item - Nil
Extraordinary Item -
Nil Profit/ (Loss) before
tax -
(1.60)
Tax Expenses -
Nil Profit/ (Loss) after
tax -
(1.60)
Earnings/(Loss) Per
Share in Rs- (0.16) Dividend
% - Nil
V.
Generic Names of three principal products/ services of company (as per
monetary term)
Not Applicable, as
the Company is yet to commence any business.
As per my Report of
even date attached
For Lala & sons Associates For and on behalf of the Board
Chartered
Accountant
Lala Lajpat Rao Amit Sharma Anup Ghose
Proprietor Director Director
Place: Lucknow Place: Lucknow
Date: 07th
May, 2017
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