BRIGADE ESTATES & PROJECTS PRIVATE LIMITED
BRIGADE ESTATES & PROJECTS PRIVATE LIMITED ANNUAL REPORT 2011‐2012
Brigade Estates & Projects Pvt. Ltd. Regd. Office : 29th Floor, World Trade Center, Brigade Gateway Campus, 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore- 560 055 Phone: +91-80-4137 9200, Fax : +91-80-2221 0784 NOT IC E Notice is hereby given that the SIXTH ANNUAL GENERAL MEETING of Brigade Estates & Projects Private Limited will be held at 10:30 a.m on Thursday, 2nd August, 2012 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, 2012 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: 24th April, 2012 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. Regd. Office : 29th Floor, World Trade Center, Brigade Gateway Campus, 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore- 560 055 Phone: +91-80-4137 9200, Fax : +91-80-2221 0784
DIRECTORS’ REPORT To The Members, Your Directors have pleasure in presenting the Sixth Annual Report of the Company, along with the Audited Statement of Accounts for the year ended 31st March, 2012. 1. FINANCIAL HIGHLIGHTS The financial highlights of the Company for the year ended 31st March, 2012 is as follows: Particulars Turnover Administrative Expenses Profit before tax Balance in Profit & Loss Account brought forward from previous year Balance carried to Balance Sheet
(Rupees in lakhs) 2011-2012 2010-2011 0.12 0.15 (0.24) (0.25) (0.96) (0.71) (1.20)
(0.96)
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 Company is in the process of exploring business opportunities and the operations are expected to commence shortly. The Company during the year has shifted the Registered office from “Penthouse, Brigade Towers, 135, Brigade Road, Bangalore - 560025” to “29th Floor, World Trade Centre, Brigade Gateway Campus, 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore - 560055”
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Brigade Estates & Projects Pvt. Ltd. Regd. Office : 29th Floor, World Trade Center, Brigade Gateway Campus, 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore- 560 055 Phone: +91-80-4137 9200, Fax : +91-80-2221 0784
5. DIRECTORS Ms. Nirupa Shankar retires by rotation and being eligible offers herself for re-appointment. 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 m easures taken for energy conservation and technological absorption would be reported to the shareholders when Company is fully operational. There are no incom e 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. Regd. Office : 29th Floor, World Trade Center, Brigade Gateway Campus, 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore- 560 055 Phone: +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
Sd/M.R.Jaishankar Director
Place : Date :
Bangalore 24th April, 2012
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Sd/Githa Shankar Director
Brigade Estates & Projects Pvt. Ltd. Regd. Office : 29th Floor, World Trade Center, Brigade Gateway Campus, 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore- 560 055 Phone: +91-80-4137 9200, Fax : +91-80-2221 0784 NOT IC E Notice is hereby given that the SIXTH ANNUAL GENERAL MEETING of Brigade Estates & Projects Private Limited will be held at 10:30 a.m on Thursday, 2nd August, 2012 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, 2012 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: 24th April, 2012 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. Regd. Office : 29th Floor, World Trade Center, Brigade Gateway Campus, 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore- 560 055 Phone: +91-80-4137 9200, Fax : +91-80-2221 0784
DIRECTORS’ REPORT To The Members, Your Directors have pleasure in presenting the Sixth Annual Report of the Company, along with the Audited Statement of Accounts for the year ended 31st March, 2012. 1. FINANCIAL HIGHLIGHTS The financial highlights of the Company for the year ended 31st March, 2012 is as follows: Particulars Turnover Administrative Expenses Profit before tax Balance in Profit & Loss Account brought forward from previous year Balance carried to Balance Sheet
(Rupees in lakhs) 2011-2012 2010-2011 0.12 0.15 (0.24) (0.25) (0.96) (0.71) (1.20)
(0.96)
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 Company is in the process of exploring business opportunities and the operations are expected to commence shortly. The Company during the year has shifted the Registered office from “Penthouse, Brigade Towers, 135, Brigade Road, Bangalore - 560025” to “29th Floor, World Trade Centre, Brigade Gateway Campus, 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore - 560055”
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Brigade Estates & Projects Pvt. Ltd. Regd. Office : 29th Floor, World Trade Center, Brigade Gateway Campus, 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore- 560 055 Phone: +91-80-4137 9200, Fax : +91-80-2221 0784
5. DIRECTORS Ms. Nirupa Shankar retires by rotation and being eligible offers herself for re-appointment. 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 m easures taken for energy conservation and technological absorption would be reported to the shareholders when Company is fully operational. There are no incom e 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. Regd. Office : 29th Floor, World Trade Center, Brigade Gateway Campus, 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore- 560 055 Phone: +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
Sd/M.R.Jaishankar Director
Place : Date :
Bangalore 24th April, 2012
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Sd/Githa Shankar Director
