DIRECTORS’ REPORT

Dear Shareholders,

Your Directors have presented their Report for the 6th financial year of the Company for F.Y. ended 31st March, 2014 on the business and operations of the Company and the accounts for the same are below mentioned for your references:

FINANCIAL RESULTS: 

                           

Particulars	2013-14 (Amount in Rs.)	2012-13 (Amount in Rs.)
Income	-	-
Expenditure	(9018)	(13,039)
Profit/Loss Before Tax	(9018)	(13,039)
Taxes for Earlier Years	-	-
Profit/Loss after Tax	(9018)	(13,039)
Balance carried to Balance Sheet	(9018)	(13,039)

OPERATIONAL REVIEW:

There were no operational activities during the year under review. Further, the losses for the F.Y 2013-2014 have been noted to be decreased to Rs. 9,018 as compared to a loss of Rs. 13,039 in the previous Financial Year ending 2012-2013.

DEPOSITS:

Company has not accepted any deposits during the said financial year under review.

DIRECTORS:

Mr. V B K Rao (DIN: 2775543), who retires by rotation and, being eligible, offers himself for re-appointment.

The Board recommends the re-appointment of Mr. V B K Rao as directors, liable to retire by rotation.

DIRECTORS’ 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:

1. That in the preparation of the accounts for the financial year ended 31st March 2014, the applicable accounting standards have been followed and the same has been duly complied with along with proper explanation relating to material departures, if any;

1. 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 of the Company for the period;

1. That the directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the relevant provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; and

1. That the directors have prepared the accounts for the financial year ended 31st March 2014 on a going concern basis.  

AUDITORS:

The present term of Statutory Auditor of the Company M/s Luharuka & Associates, Chartered Accountants will expire on the conclusion of the ensuing Annual General Meeting. M/s Luharuka & Associates, being eligible offers himself for re-appointment.

M/s Luharuka & Associates have confirmed that they are not disqualified for such appointment and the same is within the limits specified in section 141 of the Companies Act, 2013.

Your Directors recommend their re-appointment.

AUDITORS REPORT:

The Auditors’ Report does not have any qualification and is self-explanatory, hence does not ask for any comment of the Board. 

PARTICULARS OF EMPLOYEES:

The Company has not paid any remuneration attracting the provisions of Section 217(2A) of the Companies Act, 1956, read with Companies (Particulars of Employees) Rules, 1975, hence, no disclosure in this regard.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING AND OUTGO:

The additional information required under the provisions of Section 217(1) (e) of the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988 are following:

1. Details of Conservation of energy : Not Applicable

2. Technology Absorption : Nil

3. Foreign Exchange earnings and outgo : Nil

APPRECIATION:

Your directors wish to place on record their appreciation to the promoters, shareholders, bankers, government authorities and all those who supported the Company during the year.

 

Date : 15th May, 2014 Place : Gurgaon

For TCI PROPERTIES(PUNE) LIMITED                       Ashish Kumar Tiwari             Director (DIN: 06421216)

There were no operational activities during the year under review. Further, the losses for the F.Y 2013-2014 have been noted to be decreased to Rs. 9,018 as compared to a loss of Rs. 13,039 in the previous Financial Year ending 2012-2013.

The Company has not paid any remuneration attracting the provisions of Section 217(2A) of the Companies Act, 1956, read with Companies (Particulars of Employees) Rules, 1975, hence, no disclosure in this regard.

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 2014, the applicable accounting standards have been followed and the same has been duly complied with along with proper explanation relating to material departures, if any; 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 of the Company for the period; iii. That the directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the relevant provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; and iv. That the directors have prepared the accounts for the financial year ended 31st March 2014 on a going concern basis.

Not Applicable