Mar 31, 2013
The directors of the company are pleased to place the auditors' report
along with audited statement of accounts of the company for the year
ended 31st March 2013.
1) Financial Review: The Company has incurred a loss of Rs. 486063.64/-
before tax during the year as compared to a loss of Rs.3196959.80/-
before tax incurred during the previous year. The-directors are hopeful
to achieve better results in coming years.
2) Auditors: M/s. Agrawal S. Kumar & Associates, Chartered Accountants,
is appointed as the auditors of the company who will retire at ensuring
Annual General Meeting, being eligible offers for reappointment.
3) Director's responsibility statement: Pursuant to the requirement
under Section 217(2 A A) of the Companies Act, 1956, with respect to
Directors Responsibility Statement, it is hereby confirmed:
i) That in the preparation of the accounts for the financial year ended
31st March, 2013, 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 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 annual accounts for the
financial year ended 31st March 2013 on a going concern basis.
4) Dividend: The Company has not declared any dividend during the year.
5) Employees: None of the employees were in the category of limits
specified U/S 217(2A) of the company's act 1956.
6) Energy Conservation, Technology Observation, Foreign Exchange
earnings and outgo: Not Applicable.
Place: Kolkata For and on behalf of the Board
Dated: The 5th Day of
August, 2013 AAR COMMERCIAL COMPANY
Directors
Mar 31, 2012
The directors of the company are pleased to place the auditors' report
along with audited statement of accounts of the company for the year
ended 31st March 2012.
1) Financial Review: The Company has incurred a loss of Rs.
3196959.80/- before tax during the year as compared to a loss of
Rs.48674.19/- before tax during the previous year. The directors are
hopeful to achieve better results in coming years.
2) Auditors: M/s. Agrawal S. Kumar & Associates, Chartered Accountants,
is appointed as the auditors of the company who will retire at ensuring
Annual General Meeting, being eligible offers for reappointment,
3) Director's responsibility statement: Pursuant to the requirement
under Section 217(2AA) of the Companies Act, 1956, with respect to
Directors Responsibility Statement, it is hereby confirmed:
i) That in the preparation of the accounts for the financial year ended
31st March, 2012, 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 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 annual accounts for the
financial year ended 31st March 2012 on a going concern basis.
4) Dividend: The Company has not declared any dividend during the year.
5) Employees: None of the employees were in the category of limits
specified U/S 217(2A) of the company's act 1956.
6) Energy Conservation, Technology Observation, Foreign Exchange
earnings and outgo: Not Applicable.
Place: Kolkata For and on behalf of the Board
Dated: The 4th Day of September, 2012
Mar 31, 2011
Dear Shareholders
The Directors have pleasure in presenting the Annual Report of The
Company together with the Audited Accounts for the year ended 31st
March 2011
1. FINANCIAL HIGHLIGHTS
The working result of the Company for the year-ended stand as under:
(Rs,) (Rs,)
Particulars Year ended Year ended
31.03.2011 31.03.2010
Profit/(Loss) before Taxation (48,674.19) 82222,72
Less: Provision for Taxation Nil 25407,00
Profit/( Loss) after Taxation (48,674,19) 56,815.72
Add: Balance brought forward
From previous 33 7,463.09 280647.37
year
Balance carried to Balance Sheet 288,788.90 337,463.09
12. DIVIDEND
In view of marginal loss incurred by the Company, the Directors have
decided not to recommend any dividend for the year
3. DIRECTORS
Mr. Ravi Agarwal retires by rotation and being eligible, offers
himself for reappointment.
4. DIRECTOR S RESPONSIBILITY STATEMENT
Pursuant to the requirement under Section 217(2AA) of the Companies
Act, 1956, with respect to Directors Responsibility Statement, it a
hereby confirmed:
i) That in the preparation of the accounts for the financial year ended
31 st March. 2011. the applicable-accounting standards have Âbeen
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 30 us 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 of the Company for the year 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 annual accounts for the
financial year ended 31st March 2011 on a going concern basis.
5. AUDITORS
Agrawal S. Kumar & Associates, Chartered Accountants, hold the office
till the conclusion of this Annual General Meeting and being eligible,
offer themselves for re-appointment Your directors recommend their
reappointment.
6. LISTING OF EQUITY SHARES
The Equity Shares of the company are listed on The Calcutta Stock
Enchant Association Ltd,
7. DEMATERIALIZATION OF SHARES OF YOUR COMPANY
The company has entered into an arrangement with National Securities
Depository Limited and Central Depository Services (India Limited for
de materialization of its equity shares and part of its equity shares
have been dematerialized.
8. EMPLOYEES
None of the employees were in the category of the limits specified
under section 217£2A) of the Companies Act, 1956.
9. STATUTORY INFORMATION
The Company being basically in the financial sector, requirement
regarding the disclosures of particulars of conservation of energy and
technology absorption prescribed by the rules is not applicable.
10. AUDIT COMMITTEE
The Company pursuant to Companies Amendment Act 2000 has constituted an
Audit Committee u/s 291A of the Companies Art 2000. The Analysis of Ihe
Committee has been given elsewhere under the report of Corporate
Governance.
11. EMPLOYER EMPLOYEE RELATIONSHIP
The company maintained a cordial relationship with its employees, which
resulted in smooth flow of business operations during the period under
review.
12. FOREIGN EXCHANGE
The Company had no foreign exchange outflow or inflow during fed year
under review.
13. ACKNOWLEDGEMENTS
Your Directors acknowledge the support and owe a debt of gratitude to
the Shareholders, Investors & Bankers. Your Directors are also thankful
to its clients for their continued faith and support reposed in us.
Last but not the least, your directors- piece on record their sense of
appreciation of the valuable contribution made by the employees of the
Company.
Dated: 26th Day of August 2011 On Behalf of the Board
Place: Kolkata Chairman
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