Directors Report Format in Word

Sample Professional Directors Report Format 2012 for a Private Limited Company in India in .doc

The Members
Rocket Sales Ltd.

Your Directors have pleasure in presenting the 15th Annual Report together with the Audited Accounts of the Company for the year ended on 31st March, 2013.

1.   Performance of the Company :

During the year under review, which was your company’s second year of operation, your company has been able to achieve sales of Rs.------  ( Previous period Rs. ------).

Your company was able to achieve operating profit of Rs. ---- (Previous period Rs. ------) and profit before tax of Rs. -------- (Previous period Rs.------). Your directors are hopeful of further improvement in performance or your company during the current year.

2.  Dividend:

Your directors are pleased to recommend a dividend of 40% on the face   value of the Equity Share of Rs.10/- each.

3.  Reserve and Surplus

The balance in Reserve and Surplus stands at Rs.--------- (as on 31st March, 2012 -------).

4.  Auditors :

M/s. Rocket Associates & Co., Chartered Accountants, Statutory Auditors of the Company retires at the forth-coming Annual General Meeting and being eligible offer themselves for re-appointment.

5.  Particulars of Employees :

The provisions of section 217(2A) of the Companies Act, 1956 are not applicable as no employee was in receipt of remuneration in excess of limits laid down therein.

6.  Conservation of Energy, Technology Absorption :

Considering the nature of activities of the Company, no comment is made on conservation of energy and Technology absorption.

7.  Foreign Exchange Earnings/ Outgo :

There has been no foreign exchange earning or any outgo during the year under review.

8.  Directors :

Sri Anil Sen retires by rotation in the forthcoming Annual General Meeting and being eligible, offers himself for re-election.
9.  Directors Responsibility Statement :

As required by section 217(2AA) of the Companies Act, 1956 it is hereby stated

a. That in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departure, if any.

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 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.

10. Acknowledgement :

Your directors wish to place on record their appreciation and acknowledge with gratitude the support and co-operation extended by the clients, consultants, Bank and employees of the company and look forward to their continued support.

                                                                        For and on behalf of the Board

Mumbai.          Dated :     , 2013                                                    Directors.

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