DHOLKA TEXTILE PARK PRIVATE LIMITED
(Formerly known as Arvind Spinning Park Private Limited)
Arvind Limited Premises, Naroda Road, Ahmedabad-380 025
DIRECTORS’ REPORT
To
The Members,
Your Directors are pleased to present the Second Annual Report together with the Audited Financial Statements of the Company for the year ended on 31st March, 2014.
1. Financial Results :
The Company has not carried out any activities during the year.
2. Dividend :
The Company has not carried out any activities; therefore, your directors do not recommend any dividend for the year.
3. Deposit :
The Company has not accepted any Deposits under the Companies Acceptance of Deposits Rules, 1975.
4. Directors :
Mr. Hemen H. Joshi, the Director of the Company, retires by rotation at the ensuing Annual General Meeting pursuant to provision of the Companies Act, 2013 and being eligible for re-appointment, offers himself for re-appointment.
5. Directors’ Responsibility Statement :
In compliance of Section 217(2AA) of the Companies Act, 1956, the Directors state that:
1. In the preparation of the annual accounts, the applicable accounting standards have been followed. There are no material departures from the applicable accounting standards;
2. Such accounting policies have been selected and applied consistently and such judgements and estimates have been made as 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 profit of the Company for that period;
3. Proper and sufficient care has been taken 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; and
4. The statements of accounts for the year ended on 31st March, 2014 have been prepared on a going concern basis.
1. Particulars of Employees.
The Company does not have any employee covered under the provisions of Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975.
2. Information regarding Conservation of Energy etc. and exchange earnings and outgo :
Information in accordance with the Section 217(1)(e) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988 regarding conservation of energy and technology absorption are not being given as the Company has not undertaken any manufacturing activity.
There were no foreign exchange earning or outgo during the period under review.
3. Auditors :
The Company's Auditors M/s G. K. Choksi & Co., Chartered Accountants, Ahmedabad retire and offer themselves for reappointment. It is proposed that M/s G. K. Choksi & Co., Chartered Accountants be reappointed as auditors of the Company. You are requested to appoint Auditors and to fix their remuneration.
4. Acknowledgements :
Your Directors wish to convey their deep sense of gratitude to all associated with it for the support extended by them and also look forward to their continued co-operation in future.
BY ORDER OF THE BOARD
Date : 13th May, 2014 Jagdish G. Dalal Hemen H. Joshi
Place : Ahmedabad (Director) (Director)
The Company has not carried out any activities during the year.
The Company has not carried out any activities; therefore, your directors do not recommend any dividend for the year.
Information in accordance with the Section 217(1)(e) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988 regarding conservation of energy and technology absorption are not being given as the Company has not undertaken any manufacturing activity.
There were no foreign exchange earning or outgo during the period under review.
The Company does not have any employee covered under the provisions of Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975.
In compliance of Section 217(2AA) of the Companies Act, 1956, the Directors state that: 1. In the preparation of the annual accounts, the applicable accounting standards have been followed. There are no material departures from the applicable accounting standards; 2. Such accounting policies have been selected and applied consistently and such judgements and estimates have been made as 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 profit of the Company for that period; 3. Proper and sufficient care has been taken 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; and 4. The statements of accounts for the year ended on 31st March, 2014 have been prepared on a going concern basis.
1. Deposit : The Company has not accepted any Deposits under the Companies Acceptance of Deposits Rules, 1975. 2. Directors : Mr. Hemen H. Joshi, the Director of the Company, retires by rotation at the ensuing Annual General Meeting pursuant to provision of the Companies Act, 2013 and being eligible for re-appointment, offers himself for re-appointment. 3. Auditors : The Company's Auditors M/s G. K. Choksi & Co., Chartered Accountants, Ahmedabad retire and offer themselves for reappointment. It is proposed that M/s G. K. Choksi & Co., Chartered Accountants be reappointed as auditors of the Company. You are requested to appoint Auditors and to fix their remuneration. 4. Acknowledgements : Your Directors wish to convey their deep sense of gratitude to all associated with it for the support extended by them and also look forward to their continued co-operation in future.