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O P Chains Ltd. Director Report
BSE:539116 | IND:Diamond Cutting/Precious Metals/Jewellery | ISIN code:INE118Q01018 | SECT:Gems and Jewellery
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You can view full text of the Director's Report for O P Chains Ltd.
Director Report
Dear Members,
The Directors present The Annual Report together with the Audited
Accounts of the Company for the year ended 31st March 2013.
FINANCIAL RESULTS
The financial highlights of the company are as under :-
Particulars Note No
1. Revenue from operations M
II. other Income N
III. Total Revenue (I II)
IV. Eexpenses:
Cost of materials consumed
Purchase of Stock-in-Trade O
Changes in inventories of'' finished,goods,
work-in-progress and stock-in-Trade P
Employee benefit expense O
Financial costs R
Depredation and amortization expense F
Other expenses S
Total Expenses
V. Profit before exceptional and
extraordinary items and tax (III-IV)
VI. Exceptional Items
VII. Profit before extraordinary
items and tax (V - VI)
VIII. Extraordinary Items
IX. Profit before tax (VII - VIII)
X. Tax expense:
(11 current tax
(2) Deferred tax
XI. Profit(Loss)Trori the perid from
continuing operations (IX-X)
XII, Profit/(Loss) from discontinuing
operations
XIll. Tax expense of discounting operators
XIV. Profit/(Loss) from Discontinuing
operations (XII - XIII)
XV Proft/(Loss) for the period (XI XIV)
XVI. Earning per equity sharer
Particulars As at
31ST MARCH,2013
Rupees
1. Revenue from operations 2,395,603,360.38
II. other Income 206, 730.35
III. Total Revenue (I II) 2,355,10,111.33
IV. Eexpenses:
Cost of materials consumed
Purchase of Stock-in-Trade 2,383,242,916.55
Changes in inventories of'' finished,goods,
work-in-progress and stock-in-Trade 1,395,619.68
Employee benefit expense 4,249,900.00
Financial costs 3,322,001.38
Depredation and amortization expense 1,514,784.00
Other expenses 1,751,421.33
Total Expenses 2,300,476,642,92
V. Profit before exceptional and
extraordinary items and tax 333,460.41
VI. Exceptional Items -
VII. Profit before extraordinary 333,488.41
items and tax (V - VI)
VIII. Extraordinary Items -
IX. Profit before tax (VII - VIII) 333,468.41
X. Tax expense:
(11 current tax 245,930.00
(2) Deferred tax (10,320.00)
XI. Profit(Loss)Trori the perid from
continuing operations 97,858.41
XII, Profit/(Loss) from discontinuing -
operations
XIll. Tax expense of discounting operators -
XIV. Profit/(Loss) from Discontinuing
operations (XII - XIII) -
XV Proft/(Loss) for the period (XI XIV) 97,858.41
XVI. Earning per equity sharer 0.02
Particulars As at
31st March,2012
Rupees
1. Revenue from operations 5,92,1,821,380.72
II. other Income 2,276,651.65
III. Total Revenue (I II) 5,924,098,031 74
IV. Eexpenses:
Cost of materials consumed
Purchase of Stock-in-Trade 5,905,756,719.68
Changes in inventories of'' finished,goods,
work-in-progress and stock-in-Trade 4,767.413.23
Employee benefit expense 4,483.500.00
Financial costs 316,221.00
Depredation and amortization expense 1,293,093-00
Other expenses 1,043,534.91
Total Expenses 5,917,642,482,12
V. Profit before exceptional and
extraordinary items and tax 0,455,549.62
VI. Exceptional Items -
VII. Profit before extraordinary 6,455,549.62
items and tax (V - VI)
VIII. Extraordinary Items -
IX. Profit before tax (VII - VIII) 6,455,549.62
X. Tax expense:
(11 current tax 2,004,168.00
(2) Deferred tax (22,800.00)
XI. Profit(Loss)Trori the perid from
continuing operations 4,474,181.62
XII, Profit/(Loss) from discontinuing -
operations
XIll. Tax expense of discounting operators -
XIV. Profit/(Loss) from Discontinuing
operations (XII - XIII) -
XV Proft/(Loss) for the period (XI XIV) 4,474,181.62
XVI. Earning per equity sharer 0.69
DIVIDEND
Your company does not recommend any dividend
DEPOSITS
The company has not accepted any deposits under the purview of the
provisions of the Companies Act, 1956.
DIRECTORS
There is no change in the directorship of the company since last Annual
General Meeting. Shri Satish Kumar Goyal, director of the company
liable to retire by rotation shall be retired at the commencement of
the forth coming annual general meeting who has offered himself for re-
appointment.
AUDITORS
The retiring auditors M/s B P N & Company, B. Floor, Padamdeep Tower,
Sanjay Place Agra- 282002 required to be re-appointed as Auditors of
the company, to hold the office from the conclusion of this Annual
General Meeting until the conclusion of the next Annual General Meeting
of the company, at such remuneration as may be fixed by the Board of
Directors, from time to time and reimbursement of out-of-pocket
expenses incurred by them to carry out the audit
DIRECTORS'' RESPONSIBILITY STATEMENT
As required under Section 217(2AA) of the Companies Act 1956, your
Directors state that:
i) in the preparation of the Annual Accounts, the applicable Accounting
Standards have been followed and that no material departures have been
made from the same;
ii) they have 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 financial year and of the profit and loss of
the Company for the period;
iii) they have taken proper and sufficient care for the maintenance of
adequate accounting records in accordance of the provisions of the
Companies Act, 1956 for safe guarding the assets of the Company and for
preventing and detecting fraud and other irregularities; and
iv) they have prepared the annual accounts on a going concern basis.
PARTICULARS OF EMPLOYEES
During the year under review, there were no employees covered under the
provisions of Section 217(2A) of the Companies Act, 1956 read with
Companies (Particulars of Employees) Rules, 1975.
APPRECIATION
Your Directors wish to express their appreciation of the valuable
services rendered by the management, staff and workmen of their
devotion and entering efforts for improving the operation of the
company. Your Directors express their sincere appreciation and thanks
to various departments, of Central Government, Financial Institutions,
Banks and investors for their continued valuable support, confidence
and assistance.
Place: Agra By Order Of The Board
Date. 02.09.2013 For O.P. Chains Limited
Chairman
The Directors present The Annual Report together with the Audited
Accounts of the Company for the year ended 31st March 2013.
FINANCIAL RESULTS
The financial highlights of the company are as under :-
Particulars Note No
1. Revenue from operations M
II. other Income N
III. Total Revenue (I II)
IV. Eexpenses:
Cost of materials consumed
Purchase of Stock-in-Trade O
Changes in inventories of'' finished,goods,
work-in-progress and stock-in-Trade P
Employee benefit expense O
Financial costs R
Depredation and amortization expense F
Other expenses S
Total Expenses
V. Profit before exceptional and
extraordinary items and tax (III-IV)
VI. Exceptional Items
VII. Profit before extraordinary
items and tax (V - VI)
VIII. Extraordinary Items
IX. Profit before tax (VII - VIII)
X. Tax expense:
(11 current tax
(2) Deferred tax
XI. Profit(Loss)Trori the perid from
continuing operations (IX-X)
XII, Profit/(Loss) from discontinuing
operations
XIll. Tax expense of discounting operators
XIV. Profit/(Loss) from Discontinuing
operations (XII - XIII)
XV Proft/(Loss) for the period (XI XIV)
XVI. Earning per equity sharer
Particulars As at
31ST MARCH,2013
Rupees
1. Revenue from operations 2,395,603,360.38
II. other Income 206, 730.35
III. Total Revenue (I II) 2,355,10,111.33
IV. Eexpenses:
Cost of materials consumed
Purchase of Stock-in-Trade 2,383,242,916.55
Changes in inventories of'' finished,goods,
work-in-progress and stock-in-Trade 1,395,619.68
Employee benefit expense 4,249,900.00
Financial costs 3,322,001.38
Depredation and amortization expense 1,514,784.00
Other expenses 1,751,421.33
Total Expenses 2,300,476,642,92
V. Profit before exceptional and
extraordinary items and tax 333,460.41
VI. Exceptional Items -
VII. Profit before extraordinary 333,488.41
items and tax (V - VI)
VIII. Extraordinary Items -
IX. Profit before tax (VII - VIII) 333,468.41
X. Tax expense:
(11 current tax 245,930.00
(2) Deferred tax (10,320.00)
XI. Profit(Loss)Trori the perid from
continuing operations 97,858.41
XII, Profit/(Loss) from discontinuing -
operations
XIll. Tax expense of discounting operators -
XIV. Profit/(Loss) from Discontinuing
operations (XII - XIII) -
XV Proft/(Loss) for the period (XI XIV) 97,858.41
XVI. Earning per equity sharer 0.02
Particulars As at
31st March,2012
Rupees
1. Revenue from operations 5,92,1,821,380.72
II. other Income 2,276,651.65
III. Total Revenue (I II) 5,924,098,031 74
IV. Eexpenses:
Cost of materials consumed
Purchase of Stock-in-Trade 5,905,756,719.68
Changes in inventories of'' finished,goods,
work-in-progress and stock-in-Trade 4,767.413.23
Employee benefit expense 4,483.500.00
Financial costs 316,221.00
Depredation and amortization expense 1,293,093-00
Other expenses 1,043,534.91
Total Expenses 5,917,642,482,12
V. Profit before exceptional and
extraordinary items and tax 0,455,549.62
VI. Exceptional Items -
VII. Profit before extraordinary 6,455,549.62
items and tax (V - VI)
VIII. Extraordinary Items -
IX. Profit before tax (VII - VIII) 6,455,549.62
X. Tax expense:
(11 current tax 2,004,168.00
(2) Deferred tax (22,800.00)
XI. Profit(Loss)Trori the perid from
continuing operations 4,474,181.62
XII, Profit/(Loss) from discontinuing -
operations
XIll. Tax expense of discounting operators -
XIV. Profit/(Loss) from Discontinuing
operations (XII - XIII) -
XV Proft/(Loss) for the period (XI XIV) 4,474,181.62
XVI. Earning per equity sharer 0.69
DIVIDEND
Your company does not recommend any dividend
DEPOSITS
The company has not accepted any deposits under the purview of the
provisions of the Companies Act, 1956.
DIRECTORS
There is no change in the directorship of the company since last Annual
General Meeting. Shri Satish Kumar Goyal, director of the company
liable to retire by rotation shall be retired at the commencement of
the forth coming annual general meeting who has offered himself for re-
appointment.
AUDITORS
The retiring auditors M/s B P N & Company, B. Floor, Padamdeep Tower,
Sanjay Place Agra- 282002 required to be re-appointed as Auditors of
the company, to hold the office from the conclusion of this Annual
General Meeting until the conclusion of the next Annual General Meeting
of the company, at such remuneration as may be fixed by the Board of
Directors, from time to time and reimbursement of out-of-pocket
expenses incurred by them to carry out the audit
DIRECTORS'' RESPONSIBILITY STATEMENT
As required under Section 217(2AA) of the Companies Act 1956, your
Directors state that:
i) in the preparation of the Annual Accounts, the applicable Accounting
Standards have been followed and that no material departures have been
made from the same;
ii) they have 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 financial year and of the profit and loss of
the Company for the period;
iii) they have taken proper and sufficient care for the maintenance of
adequate accounting records in accordance of the provisions of the
Companies Act, 1956 for safe guarding the assets of the Company and for
preventing and detecting fraud and other irregularities; and
iv) they have prepared the annual accounts on a going concern basis.
PARTICULARS OF EMPLOYEES
During the year under review, there were no employees covered under the
provisions of Section 217(2A) of the Companies Act, 1956 read with
Companies (Particulars of Employees) Rules, 1975.
APPRECIATION
Your Directors wish to express their appreciation of the valuable
services rendered by the management, staff and workmen of their
devotion and entering efforts for improving the operation of the
company. Your Directors express their sincere appreciation and thanks
to various departments, of Central Government, Financial Institutions,
Banks and investors for their continued valuable support, confidence
and assistance.
Place: Agra By Order Of The Board
Date. 02.09.2013 For O.P. Chains Limited
Chairman
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Cash Flow Statement
Half Yearly Results
Capital Structure
Chairman's Speech
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Locations
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Splits
Competitors
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