LOGIN   |   TRADE NOW   |    LEARN TO TRADE    |   FRANCHISEE   |   REGISTER   |   CONTACT US
Refer A Friend | NRI | Chat | Demo | Careers
What's New? | Feedback | Need Help?
SENSEX
 -
 
 
 
NIFTY
 -
 
 
 
Website Feedback Visit Old Sharekhan Site
Quotes
NAV
News
Comp Info
Earnings


Name:
Mobile:
Email:
Pin:
Only on AMC Accounts (Charges fully adjustable on brokerage).
HOME / MARKET TODAY / COMPANY SNAPSHOT / DIRECTOR'S SPEECH

NSE BSE
0 +0.00(0.00%)
Last Updated on: -
3.36 -0.17 (-4.82%)
Last Updated on: 04 Feb 2016 15:34 Hrs
Malabar Trading Comp Director's Speech March 2014 
Dear members,

The Directors here by present the 34th Annual Report together with the Audited statements of Accounts for the financial year ended on 31st March 2014.

FINANCIAL RESULTS:

[Amount in Rupees]

Particulars Financial Financial Year 2013-14 Year 2012-13

Other Income 1,974,811 3,399,228

Total Expenses 938,808 1,407,569

Profit (Loss) before Tax and Extra Ordinary Items 1,036,003 1,991,658

Less:- Loss on sale of long term investment 14,182,500 Nil

Tax expense 314130 644022

Net Profit (Loss) after Tax & adjustments (13,460,627) 1,347,637

Earning per equity share: (1.24) 0.12

OPERATIONS REVIEW:

During the year under review due to financial crisis company was not in position to generate target revenue from the operation but due to some fixed cost company posted Net Loss of Rs. 13460627.

DIVIDEND:

Your Directors have not declared any dividend during the year under review due to loss incurred.

FIXED DEPOSIT:

During the year, the Company has not accepted any fixed deposits under Section 58A of the Companies Act, 1956.

DIRECTORS:

Mr. PRAJYOT YASHVANT JAMBEKAR was appointed as an Additional Director of the Company on 08.05.2014 be and hereby appointed as director of the Company and whose office liable to retire by rotation. Mr. TUSHAR AJIT RAWOOL and Mr. SUNIL PRAKASH WAVHAL were appointed on 19.05.2014 and 08.05.2014 as an Additional Director of the Company and appointed as an Independent Director of the Company for a period of five years from the conclusion 34th AGM to the conclusion of 39th AGM. Mr. VIJAY YASHAWANT KAMBLE and Mr. SUMIT TUKARAM CHILE were appointed as Additional Director as on 31.10.2013 and resigned from the board as on 19.05.2014.

Mr. VIVEK AGRAWAL, Mr. MANISH KUMAR POKHERNA and Mr. KEVAL CHANDRAKANT SHAH were resigned as a Director of the Company with effect from 31.10.2013, 08.05.2014 and 31.08.2013. Mr. VIRAL GUNVANTBHAI KAPADIA resigned as Managing Director with effect from 23.07.2014 and NUPOOR MANDOWARA (CS) resigned as Compliance office with effect from 31.03.2014.

CHANGES IN CAPITAL STRUCTURE:

Authorised share Capital

During the year under review, Company in Extra Ordinary General Meeting held on 8th May, 2013 has increased the Authorized Share Capital of the Company from Rs. 11 Crore to Rs. 21 Crore. Thus, at present the authorized share capital of the Company is Rs. 21,00,00,000 (Rupees Twenty One Only) divided into 2,10,00,000 (Two Crore Ten Lacs) Equity Shares of Rs.10/- (Rupee Ten Only) each.

ISSUE OF CONVERTIBLE WARRANTS ON PREFERENTIAL BASIS:

During the year under review, Company in Extra Ordinary General Meeting held on 13th August, 2013 to issue, offer and allot 12890000 (One Crore Twenty Eight Lacs Ninety Thousand) Warrants on preferential basis convertible into 12890000 (One Crore Twenty Eight Lacs Ninety Thousand) Equity Share of the face value of Rs. 10/- (Rupees Ten Only) each for an aggregate amount upto Rs. 10,00,00,000/- (Rupees Ten Crore only) at a price of Rs. 35/- (Rupees Thirty Five Only) per Warrant to Non promoters as may be permitted under the applicable Rules and Regulations, in one or more tranches, and upon such terms and conditions as may be deemed appropriate by the Board.

ALLOTMENT OF CONVERTIBLE WARRANTS ON PREFERENTIAL BASIS:

The Company in its Board Meeting held on 20.11.2013 allotted 9240000 convertibles warrant on preferential basis to other then promoters.

CHANGES IN CAPITAL STRUCTURE:

Issued and Paid-up Share Capital

The Company in its Board Meeting held on 18.01.2014 converted and allotted 9240000 convertibles fully paid warrant in to equal number of equity shares of Rs.10/- each per share on preferential basis to other then promoters. Accordingly, after said allotment, the issued and paid-up share Capital of the Company stood at Rs.20,09,00,000 comprising of 2,00,90,000 equity share of Rs.10/-(Rupees Ten Only) each.

AUDITORS AND AUDITORS' REPORT:

M/s. RISHI SEKHRI AND ASSOCIATES (Firm Reg. No. 128216W) Chartered Accountants, Mumbai Statutory Auditors of the Company, hold office until the conclusion of the ensuing Annual General Meeting and are eligible for reappointment.

The observations made by the Auditors' in their Auditors' Report and the Notes on Accounts referred to in the Auditors' Report are self-explanatory and do not call for any further comments.

MANAGEMENT DISCUSSION AND ANALYSIS:

Management Discussion and Analysis forms part of the Annual Report to the shareholders and it includes discussion on matters as required under the provisions of Clause 49 of the listing agreement forming part of this report is annexed herewith.

CORPORATE GOVERNANCE REPORT:

Your Company has been complying with the conditions of Corporate Governance as stipulated in Clause 49 of the Listing Agreement. A separate report on Corporate Governance along with Auditors' Certificate on compliance with the Corporate Governance norms and stipulated in Clause 49 of the Listing Agreement, forming part of this report is annexed herewith.

PARTICULARS OF STAFF:

The statement showing particulars of employees under section 217(2A) of the Companies Act, 1956, read with the companies (Particulars of Employees) Rules, 1975, as amended, is not required to be given as there were no employees coming within the purview of this section.

TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:

The details of conservation of energy, technology absorption etc. as required to be given under Section 217(1)(e) of the Companies Act 1956, are not applicable to Company, as our Company has not carried out in the manufacturing activities. The foreign exchange earning on account of the operation of the Company during the year was Rs. Nil.

DIRECTORS' RESPONSIBILITY STATEMENT:

Pursuant to the provisions of Section 217(2AA) of the Companies Act, 1956, the Directors of your Company confirm that:

i) in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;

ii) 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 that period;

iii) 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) Directors have prepared the accounts on a "going concern basis".

ACKNOWLEDGEMENT:

Your Directors would like to express their sincere appreciation for the assistance and co-operation received from the Banks, Government Authorities, Customers, and Shareholders during the year. Your directors also wish to take on record their deep sense of appreciation for the committed services of the employees at all levels, which has made our Company successful in the business.

For and on Behalf of the Board For, MALABAR TRADING COMPANY LIMITED

PLACE: MUMBAI DATE: 28.08.2014 (PRAJYOT JAMBEKAR) CHAIRMAN

View Other Indices 
1 Day 1Mth 3Mth 6Mth 1Yr
EARNINGS Cons Standalone
  • Quick Quote
 
PRIVACY  |  POLICIES  |  ANTI MONEY LAUNDERING POLICY  |  SECURITY  |  DISCLAIMER  |   RESEARCH - DISCLAIMER  |   COPYRIGHT  |  TERMS & CONDITIONS  | 
 CAREERS  |   IMPORTANT LINKS  |   FEEDBACK


Registered Office: Sharekhan Limited, 10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai – 400042, Maharashtra. Tel: 022 - 61150000. Sharekhan Ltd.: SEBI Regn. Nos.: BSE: INB/INF011073351 / BSE-CD ; NSE: INB/INF/INE231073330 ; MSEI: INB/INF261073333 / INE261073330 ;
DP: NSDL-IN-DP-NSDL-233-2003 ; CDSL-IN-DP-CDSL-271-2004 ; PMS-INP000000662 ; Mutual Fund-ARN 20669 ;
Commodity trading through Sharekhan Commodities Pvt. Ltd.: MCX-10080 ; (MCX/TCM/CORP/0425) ; NCDEX-00132 ; (NCDEX/TCM/CORP/0142) ; NCDEX SPOT-NCDEXSPOT/116/CO/11/20626 ; For any complaints email at igc@sharekhan.com

Sharekhan Financial Services Pvt. Ltd: Registered with IRDA as a Corporate Agent (Life) - Registration No: CA0126

Disclaimer: Client should read the Risk Disclosure Document issued by SEBI & relevant exchanges and Do’s & Don’ts by MCX & NCDEX and the T & C on www.sharekhan.com before investing.

Company Identification Number (CIN): Sharekhan Ltd: U99999MH1995PLC087498; Sharekhan Commodities Pvt Ltd: U67120MH2000PTC127261; Sharekhan Financial Services Pvt Ltd: U65920MH2004PTC149518; Sharekhan.Com India Pvt Ltd: U80904MH2000PTC126954; Sharekhan Insurance Broking Ltd: U67120MH2000PLC127257