BRIGADE ESTATES AND PROJECTS PRIVATE LIMITED
BRIGADE ESTATES AND PROJECTS PRIVATE LIMITED
ANNUAL REPORT 2013‐2014
Brigade Estates & Projects Pvt. Ltd. CIN: U70101KA2006PTC041132 Regd. Office: 29th Floor, World Trade Center, Brigade Gatewaty Campus 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore - 560 055 Ph: No. : +91-80-4137 9200 Fax: +91-80-2221 0784
NOTICE Notice is hereby given that the EIGHTH ANNUAL GENERAL MEETING of Brigade Estates & Projects Private Limited will be held at 2:30 p.m. on Monday, 4th August, 2014 at 30th Floor, World Trade Center, Brigade Gateway Campus, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore – 560 055, to transact the following business:
ORDINARY BUSINESS 1. To receive, consider and adopt the audited statement of accounts as at the reports of the Board of Directors and the 31st March, 2014 and Auditors. 2. To appoint a Director in place of Ms. Nirupa Shankar, who retires by rotation and being eligible, offers herself for re-appointment. 3. To re-appoint Auditors. By Order of the Board of Directors For Brigade Estates & Projects Pvt. Ltd. Sd/M.R. Jaishankar Director Place: Bangalore Date: 18th April, 2014 NOTES: a) A MEMBER ENTITLED TO ATTEND AND VOTE IS ENTITLED TO APPOINT A PROXY TO ATTEND AND VOTE INSTEAD OF HIMSELF / HERSELF AND THE PROXY NEED NOT BE A MEMBER. b) Proxies in order to be effective must be received at the Registered Office of the Company not less than forty eight hours before this Annual General Meeting.
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Brigade Estates & Projects Pvt. Ltd. CIN: U70101KA2006PTC041132 Regd. Office: 29th Floor, World Trade Center, Brigade Gatewaty Campus 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore - 560 055 Ph: No. : +91-80-4137 9200 Fax: +91-80-2221 0784
DIRECTORS’ REPORT To The Members, Your Directors have pleasure in presenting the Eighth Annual Report of the Company, along with the Audited Statement of Accounts for the year ended 31st March, 2014. 1. FINANCIAL HIGHLIGHTS The financial highlights of the Company for the year ended 31st March, 2014 is as follows: (Rupees in lakhs) 2012-2013 Particulars 2013-2014 Turnover Administrative Expenses 0.22 0.17 Profit before tax (0.23) (0.18) Balance in Profit & Loss Account brought (0.23) (0.18) forward from previous year Balance carried to Balance Sheet (1.60) (1.37) 2. DIVIDEND There is no dividend recommended by the directors because of the loss incurred by the Company. 3. SHARE CAPITAL There have been no changes in the share capital of the Company during the year. 4. OPERATIONS DURING THE YEAR Your Company is presently doing a feasibility study of the business opportunities which would be undertaken by the Company. 5. DIRECTORS Ms. Nirupa Shankar retires by rotation and being eligible offers herself for re-appointment.
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Brigade Estates & Projects Pvt. Ltd. CIN: U70101KA2006PTC041132 Regd. Office: 29th Floor, World Trade Center, Brigade Gatewaty Campus 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore - 560 055 Ph: No. : +91-80-4137 9200 Fax: +91-80-2221 0784
None of the Directors of the Company are disqualified under Section 274(1)(g) of the Companies Act, 1956. 6. DIRECTORS’ RESPONSIBILITY STATEMENT As stipulated under Section 217(2AA) of the Companies Act, 1956, your Directors confirm as under:a) That in the preparation of the Annual Accounts, the applicable accounting standards have been followed along with the proper explanation relating to material departures b) That the Directors had selected such Accounting Policies and applied them consistently and made judgments 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 and Loss of the Company for that period. c) That the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities. d) That the Directors had prepared the Annual Accounts on a going concern basis. 7. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO The business proposed to be done by the Company would not consume high levels of energy. The measures taken for energy conservation and technological absorption would be reported to the shareholders when Company is fully operational. There are no income or expenditure in Foreign Currency earned or incurred during the year. 8. PARTICULARS OF EMPLOYEES UNDER SECTION 217(2A) There are no employees in the Company who are in receipt of remuneration in excess of the limits prescribed in section 217(2A) of the Companies Act, 1956 during the year under review.
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Brigade Estates & Projects Pvt. Ltd. CIN: U70101KA2006PTC041132 Regd. Office: 29th Floor, World Trade Center, Brigade Gatewaty Campus 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore - 560 055 Ph: No. : +91-80-4137 9200 Fax: +91-80-2221 0784
9. AUDITORS The present Auditors, M/s. Narayanan Patil & Ramesh, Chartered Accountants, the Statutory Auditors of the Company retire at the ensuing Annual General Meeting of the Company and being eligible for re-appointment have offered themselves for re-appointment. 10. ACKNOWLEDGEMENT Your Directors wish to place on record their appreciation to all the stakeholders for their continued patronage. For and on behalf of the Board
Place Date
: :
Bangalore 18th April, 2014
Sd/M.R.Jaishankar Director
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Sd/Githa Shankar Director
ANNUAL REPORT 2013‐2014
Brigade Estates & Projects Pvt. Ltd. CIN: U70101KA2006PTC041132 Regd. Office: 29th Floor, World Trade Center, Brigade Gatewaty Campus 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore - 560 055 Ph: No. : +91-80-4137 9200 Fax: +91-80-2221 0784
NOTICE Notice is hereby given that the EIGHTH ANNUAL GENERAL MEETING of Brigade Estates & Projects Private Limited will be held at 2:30 p.m. on Monday, 4th August, 2014 at 30th Floor, World Trade Center, Brigade Gateway Campus, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore – 560 055, to transact the following business:
ORDINARY BUSINESS 1. To receive, consider and adopt the audited statement of accounts as at the reports of the Board of Directors and the 31st March, 2014 and Auditors. 2. To appoint a Director in place of Ms. Nirupa Shankar, who retires by rotation and being eligible, offers herself for re-appointment. 3. To re-appoint Auditors. By Order of the Board of Directors For Brigade Estates & Projects Pvt. Ltd. Sd/M.R. Jaishankar Director Place: Bangalore Date: 18th April, 2014 NOTES: a) A MEMBER ENTITLED TO ATTEND AND VOTE IS ENTITLED TO APPOINT A PROXY TO ATTEND AND VOTE INSTEAD OF HIMSELF / HERSELF AND THE PROXY NEED NOT BE A MEMBER. b) Proxies in order to be effective must be received at the Registered Office of the Company not less than forty eight hours before this Annual General Meeting.
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Brigade Estates & Projects Pvt. Ltd. CIN: U70101KA2006PTC041132 Regd. Office: 29th Floor, World Trade Center, Brigade Gatewaty Campus 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore - 560 055 Ph: No. : +91-80-4137 9200 Fax: +91-80-2221 0784
DIRECTORS’ REPORT To The Members, Your Directors have pleasure in presenting the Eighth Annual Report of the Company, along with the Audited Statement of Accounts for the year ended 31st March, 2014. 1. FINANCIAL HIGHLIGHTS The financial highlights of the Company for the year ended 31st March, 2014 is as follows: (Rupees in lakhs) 2012-2013 Particulars 2013-2014 Turnover Administrative Expenses 0.22 0.17 Profit before tax (0.23) (0.18) Balance in Profit & Loss Account brought (0.23) (0.18) forward from previous year Balance carried to Balance Sheet (1.60) (1.37) 2. DIVIDEND There is no dividend recommended by the directors because of the loss incurred by the Company. 3. SHARE CAPITAL There have been no changes in the share capital of the Company during the year. 4. OPERATIONS DURING THE YEAR Your Company is presently doing a feasibility study of the business opportunities which would be undertaken by the Company. 5. DIRECTORS Ms. Nirupa Shankar retires by rotation and being eligible offers herself for re-appointment.
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Brigade Estates & Projects Pvt. Ltd. CIN: U70101KA2006PTC041132 Regd. Office: 29th Floor, World Trade Center, Brigade Gatewaty Campus 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore - 560 055 Ph: No. : +91-80-4137 9200 Fax: +91-80-2221 0784
None of the Directors of the Company are disqualified under Section 274(1)(g) of the Companies Act, 1956. 6. DIRECTORS’ RESPONSIBILITY STATEMENT As stipulated under Section 217(2AA) of the Companies Act, 1956, your Directors confirm as under:a) That in the preparation of the Annual Accounts, the applicable accounting standards have been followed along with the proper explanation relating to material departures b) That the Directors had selected such Accounting Policies and applied them consistently and made judgments 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 and Loss of the Company for that period. c) That the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities. d) That the Directors had prepared the Annual Accounts on a going concern basis. 7. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO The business proposed to be done by the Company would not consume high levels of energy. The measures taken for energy conservation and technological absorption would be reported to the shareholders when Company is fully operational. There are no income or expenditure in Foreign Currency earned or incurred during the year. 8. PARTICULARS OF EMPLOYEES UNDER SECTION 217(2A) There are no employees in the Company who are in receipt of remuneration in excess of the limits prescribed in section 217(2A) of the Companies Act, 1956 during the year under review.
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Brigade Estates & Projects Pvt. Ltd. CIN: U70101KA2006PTC041132 Regd. Office: 29th Floor, World Trade Center, Brigade Gatewaty Campus 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore - 560 055 Ph: No. : +91-80-4137 9200 Fax: +91-80-2221 0784
9. AUDITORS The present Auditors, M/s. Narayanan Patil & Ramesh, Chartered Accountants, the Statutory Auditors of the Company retire at the ensuing Annual General Meeting of the Company and being eligible for re-appointment have offered themselves for re-appointment. 10. ACKNOWLEDGEMENT Your Directors wish to place on record their appreciation to all the stakeholders for their continued patronage. For and on behalf of the Board
Place Date
: :
Bangalore 18th April, 2014
Sd/M.R.Jaishankar Director
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Sd/Githa Shankar Director
