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BANSISONS TEA INDUSTRIES LTD.

24 February 2021 | 12:00

Industry >> Plantations - Tea & Coffee

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ISIN No INE856E01019 52Week High 7 Book Value (Rs.) 9.68 Face Value 10.00
Bookclosure 24/09/2020 52Week Low 5 EPS 0.00 P/E 0.00
Market Cap. 3.29 Cr. P/BV 0.54 Div Yield (%) 0.00 Market Lot 100.00

DIRECTOR'S REPORT

You can view full text of the latest Director's Report for the company.
Year End :2014-03 
Dear Members,

The Directors present herewith your Company's Twenty Seventh Annual Report together with the Audited Accounts for the year ended 31 st March 2014.

Financial Result                                      (Rupees in Lakhs)

Particulars                                          As at        As at
                                                31st March   31st March
                                                      2014         2013

*  Net Sales / Income from operations               126.67        95.84

*  Other Income Interest (Net)                        0.00         0.00

*  Total Expenditure                                121.35        92.64

*  Gross Profit/(loss) after interest but             5.31         3.21
   before Depreciation & Taxation

*  Depreciation                                       1.77         1.73

*  Profit/(loss) for the year 
   after Depreciation                                 3.55         1.48

*  Profit/(loss) before Tax                           3.55         1.48

*  Provision for Taxation                             0.00         0.00

*  Current year Taxation                              0.11         0.00

*  Profit/(loss) after Tax                            3.44         1.48

*  Paid-up Equity Share Capital                     619.75       619.75

*  Reserves excluding Revaluation                     0.00         0.00
OPERATIONS:

The Company has concentrated its main activities in increasing the tea plantation maintenance of the bushes.

DIVIDEND:

Due to non-availability of distributable profitability your Directors regret their inability to recommend any dividend in respect of Equity shares for the year under review.

DIRECTORS:

In terms of article of Association of your Company read with Section 255 of the companies Act, 1956. Shri H. R Bezboorah, Binod Agarwal, Shri Sandeep Agarwal retires at the forthcoming Annual General Meeting, but being eligible offers themselves for reappointment.

AUDITORS:

M/s. Monoj Kumar Goyal, Chartered Accountants, Auditors of the Company retire at the ensuing Annual General Meeting and being eligible, offer themselves for reappointment. The Company has received a certificate from the Auditors that they are qualified under section 224(1 B) of the Companies Act 1956, to Act as the Auditors of the Company, if re-appointed.

PERSONNEL:

None of the employee of the Company is drawing remuneration exceeding the limits specified under section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975.

PUBLIC DEPOSIT:

Your Company has not accepted any deposit(s) within the meaning of Sec-58A of the Companies Act, 1956 and the rules made thereof.

RESPONSIBILITY STATEMENT

The Directors Confirms,

1. That in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

2. That the directors had selected such accounting policies and applied them consistently and made judgements and estimates that 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 of the profit or loss of the company for that period;

3. That the directors had taken proper and sufficient care for the maintenancee of adequate accounting records in accordance with the provisions of this Act for safe guarding the assets of the company and for preventing and detecting fraud and other irregularities;

4. That the directors had prepared the annual accounts on a going concern basis.

SUBSIDIARY:

The Company does not have any subsidiary within the meaning of Sec-4 of the Companies Act, 1956.

STATEMENT PURSUANT TO LISTING AGREEMENT

Presently the Company's share are listed at the Stock Exchange Mumbai(BSE), Calcutta Stock Exchange, Madras Stock Exchange and Jaipur Stock Exchange.

CORPORATE GOVERNANCE:

Your Company has always been committed to the best practices in the governance of its affairs. The Board is taking efforts to comply the same. Kindly refer to ANNEXURE 'A' to Directors Report. The Auditors Certificate on complaince with the mandatory requirements of Corporate Governance is given in Annexure "A" to this Report.

AUDITORS REPORT:

With reference to the observations made by the Auditors in their report, the directors are to state that the notes submitted by the Board as contemplated under section 217(3) of the Companies Act, 1956; forming part of Company's Accounts are self explanatory and therefore do not call for any further clarification.

INFORMATION PURSUANT TO SECTION 217(1 )(E) OF THE COMPANIES ACT, 1956

As per sec-217(1)(e) of the Companies Act, 1956 read with the companies Disclosure of Particulars in the Report of Board of Directors Rules, 1988 the relevant data pertaining to Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and outgo are setout as hereunder;

ACKNOWLEDGEMENTS:

Your Directors wish to place on record their appreciation of the continued support rendered by the Shareholders, Bankers, Central & State Government Bodies, Business Constituents, Tea Research Association, Tea Board, Siliguri Tea Auction Committee, Terai Indian Planters Association and Indian Tea Planters Association.

Place : Siliguri                                   By Order of The Boad
Date : 29th August, 2014                           Sd. S. L. Agarwalla