BRIGADE INFRASTRUCTURE AND POWER PRIVATE LIMITED
BRIGADE INFRASTRUCTURE AND POWER PRIVATE LIMITED
ANNUAL REPORT 2013‐2014
BRIGADE INFRASTRUCTURE & POWER PRIVATE LIMITED CIN: U70109KA2007PTC044008 Regd Off: 29th Floor, World Trade Center, Brigade Gateway Campus 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore 560 055 NOTICE Notice is hereby given that the SEVENTH ANNUAL GENERAL MEETING of Brigade Infrastructure and Power Pvt. Ltd. is scheduled at 1:30 p.m. on Monday, 4th August, 2014 at the 30th Floor, World Trade Center, Brigade Gateway Campus, 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar Bangalore - 560055, to transact the following business: ORDINARY BUSINESS 1. To receive, consider and adopt the audited statement of accounts as at 31st March 2014 and the reports of the Board of Directors and the 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 Infrastructure and Power 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.
BRIGADE INFRASTRUCTURE & POWER PRIVATE LIMITED CIN: U70109KA2007PTC044008 Regd Off: 29th Floor, World Trade Center, Brigade Gateway Campus 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore 560 055
DIRECTOR’S REPORT Dear Shareholders, Your Directors have pleasure in presenting the Seventh Annual Report of the Company along with the Audited Statement of Accounts for the period ended 31st March, 2014 and Statutory Auditor’s Report thereon. FINANCIAL RESULTS The working results of the Company for the year ended 31st March, 2014 are briefly given below: (Rupees in Lakhs) Particulars 2013-2014 2012-2013 Income Employee Benefit expenses Administrative & Selling Expenses 0.23 2.27 Other Expenses 25.74 Depreciation & amortization expenses 0.02 0.02 Profit before tax (0.24) (28.02) Balance in Profit & Loss Account brought (36.66) (8.63) forward from previous year Balance carried to Balance Sheet (36.90) (36.66)
1.
DIVIDEND: Dividend is not recommended by your directors since the Company has incurred a loss.
2.
SHARE CAPITAL There has been no change in the share capital of the Company during the year.
3.
REVIEW OF OPERATIONS DURING THE YEAR Your Company is looking at the viability of the business opportunities available and presently doing a detailed feasibility study.
4.
DIRECTORS Ms. Nirupa Shankar retires by rotation and being eligible offers herself for re-appointment. None of the directors are disqualified under Section 274(1)(g) of the Companies Act, 1956.
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BRIGADE INFRASTRUCTURE & POWER PRIVATE LIMITED CIN: U70109KA2007PTC044008 Regd Off: 29th Floor, World Trade Center, Brigade Gateway Campus 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore 560 055
5.
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 had been followed along with 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.
6.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION EARNINGS AND OUTGO:
AND
FOREIGN EXCHANGE
The utilization of energy is minimal and need based. The Management of the Company is conscious of the need to conserve energy resources and adopts conservation measures in operations wherever applicable. Further during the year under review, the Company has neither earned nor used any foreign exchange.
7.
PARTICULARS OF EMPLOYEES UNDER SECTION 217(2A): None of the personnel in the Company was in receipt of remuneration in excess of the limits prescribed in Section 217(2A) of the Companies Act, 1956 during the year under review.
8.
FIXED DEPOSITS During the year under review your Company has not accepted any fixed deposits from its directors or shareholders.
9.
AUDITORS: The present Statutory Auditors, M/s. Narayanan, Patil and Ramesh Chartered Accountants, Bangalore hold office till the date of the ensuing Annual General
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BRIGADE INFRASTRUCTURE & POWER PRIVATE LIMITED CIN: U70109KA2007PTC044008 Regd Off: 29th Floor, World Trade Center, Brigade Gateway Campus 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore 560 055
Meeting of the re-appointment.
Company
and
being
eligible
offer
themselves
for
10. ACKNOWLEDGEMENT:
Your Board of Directors would like to express its sincere appreciation to all the stakeholders for their support and continued patronage. The Directors are also grateful for the co-operation of all the regulatory authorities. Your Directors wish to express their gratitude and appreciation to the employees of the Company for their hard work, loyalty and professionalism. The employees continue to remain the Company’s most valuable assets.
For and on behalf of the Board
Sd/M .R.Jaishankar Director Place Date
: :
Bangalore 18th April, 2014
-3-
Sd/Githa Shankar Director
ANNUAL REPORT 2013‐2014
BRIGADE INFRASTRUCTURE & POWER PRIVATE LIMITED CIN: U70109KA2007PTC044008 Regd Off: 29th Floor, World Trade Center, Brigade Gateway Campus 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore 560 055 NOTICE Notice is hereby given that the SEVENTH ANNUAL GENERAL MEETING of Brigade Infrastructure and Power Pvt. Ltd. is scheduled at 1:30 p.m. on Monday, 4th August, 2014 at the 30th Floor, World Trade Center, Brigade Gateway Campus, 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar Bangalore - 560055, to transact the following business: ORDINARY BUSINESS 1. To receive, consider and adopt the audited statement of accounts as at 31st March 2014 and the reports of the Board of Directors and the 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 Infrastructure and Power 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.
BRIGADE INFRASTRUCTURE & POWER PRIVATE LIMITED CIN: U70109KA2007PTC044008 Regd Off: 29th Floor, World Trade Center, Brigade Gateway Campus 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore 560 055
DIRECTOR’S REPORT Dear Shareholders, Your Directors have pleasure in presenting the Seventh Annual Report of the Company along with the Audited Statement of Accounts for the period ended 31st March, 2014 and Statutory Auditor’s Report thereon. FINANCIAL RESULTS The working results of the Company for the year ended 31st March, 2014 are briefly given below: (Rupees in Lakhs) Particulars 2013-2014 2012-2013 Income Employee Benefit expenses Administrative & Selling Expenses 0.23 2.27 Other Expenses 25.74 Depreciation & amortization expenses 0.02 0.02 Profit before tax (0.24) (28.02) Balance in Profit & Loss Account brought (36.66) (8.63) forward from previous year Balance carried to Balance Sheet (36.90) (36.66)
1.
DIVIDEND: Dividend is not recommended by your directors since the Company has incurred a loss.
2.
SHARE CAPITAL There has been no change in the share capital of the Company during the year.
3.
REVIEW OF OPERATIONS DURING THE YEAR Your Company is looking at the viability of the business opportunities available and presently doing a detailed feasibility study.
4.
DIRECTORS Ms. Nirupa Shankar retires by rotation and being eligible offers herself for re-appointment. None of the directors are disqualified under Section 274(1)(g) of the Companies Act, 1956.
-1-
BRIGADE INFRASTRUCTURE & POWER PRIVATE LIMITED CIN: U70109KA2007PTC044008 Regd Off: 29th Floor, World Trade Center, Brigade Gateway Campus 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore 560 055
5.
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 had been followed along with 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.
6.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION EARNINGS AND OUTGO:
AND
FOREIGN EXCHANGE
The utilization of energy is minimal and need based. The Management of the Company is conscious of the need to conserve energy resources and adopts conservation measures in operations wherever applicable. Further during the year under review, the Company has neither earned nor used any foreign exchange.
7.
PARTICULARS OF EMPLOYEES UNDER SECTION 217(2A): None of the personnel in the Company was in receipt of remuneration in excess of the limits prescribed in Section 217(2A) of the Companies Act, 1956 during the year under review.
8.
FIXED DEPOSITS During the year under review your Company has not accepted any fixed deposits from its directors or shareholders.
9.
AUDITORS: The present Statutory Auditors, M/s. Narayanan, Patil and Ramesh Chartered Accountants, Bangalore hold office till the date of the ensuing Annual General
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BRIGADE INFRASTRUCTURE & POWER PRIVATE LIMITED CIN: U70109KA2007PTC044008 Regd Off: 29th Floor, World Trade Center, Brigade Gateway Campus 26/1, Dr.Rajkumar Road, Malleswaram-Rajajinagar, Bangalore 560 055
Meeting of the re-appointment.
Company
and
being
eligible
offer
themselves
for
10. ACKNOWLEDGEMENT:
Your Board of Directors would like to express its sincere appreciation to all the stakeholders for their support and continued patronage. The Directors are also grateful for the co-operation of all the regulatory authorities. Your Directors wish to express their gratitude and appreciation to the employees of the Company for their hard work, loyalty and professionalism. The employees continue to remain the Company’s most valuable assets.
For and on behalf of the Board
Sd/M .R.Jaishankar Director Place Date
: :
Bangalore 18th April, 2014
-3-
Sd/Githa Shankar Director
