To,
The Members,
Your Directors have pleasure in presenting their 10th Annual Report on the business and
operations of the Company and the accounts for the Financial Year ended March 31, 2023.
1. Financial summary or highlights/Performance of the Company (Standalone]
The Board's Report shall be prepared based on the stand alone financial statements of
the company.
Particulars |
2022-2023 |
2021-2022 |
Gross Income/ Revenue |
407305244.00 |
374084652.00 |
Profit Before Interest and Depreciation |
11009863.00 |
12046900.00 |
Finance Charges |
3577698.00 |
2585909.00 |
Depreciation |
919898.00 |
653779.00 |
Net Profit Before Tax |
6512268.00 |
8807212.00 |
Net Profit After Tax |
4841677.00 |
6626410.00 |
2. Statement of Affairs/Highlights :
The Company icon FACILITATORS PRIVATE limited is a Private Limited Company domiciled in
India and Incorporated on 20/09/2013 under the provisions of the companies act,
2013. Company has business of Providing Manpower Services. Its registered office is
situated at ICON FACILITATORS PRIVATE LIMITED. There has been no change in the business of
the company during the financial year ended 31st March, 2023
3. Directors and Key Managerial Personnel
There was no appointment or resignation of any Key Managerial Personnel during the
financial year 2022-2023.
4. Comments by board of directors on auditors' report:
The observations of the Statutory Auditors, when read together with the relevant notes
to the accounts and accounting policies are self-explanatory and do not calls for any
further comment.
5. NUMBER OF BOARD MEETINGS:-
NUMBER OF BOARD MEETING HELD DURING THE YEAR: Company convened 04 board meetings
during the year.
DATE OF BOARD MEETINGS AND SHAREHOLDERS MEETING HELD DURING
THEYEAR:Theboard meetings which held during the year were on 28/06/2022, 01/09/2022,
30/09/2022, 30/11/2022 and 29/03/2023
NUMBER AND DATE OF COMMITTEE MEETING HELD DURING THE YEAR: There are no
committees formed as per Companies Act, 2013.
NO. OF BOARD MEETING ATTENDED BY THE EACH DIRECTORS DURING THE YEAR: Every
director attended every board meeting held during the year 2022-2023 of the company.
The intervening gap between the Meetings was within the period prescribed
under the Companies Act, 2013
6. Material changes and commitments, if any, affecting the financial position of the
company which have occurred between the end of the financial year of the company to which
the financial statements relate and the date of the report
No material changes and commitments affecting the financial position of the Company
occurred between the end of the financial year of the company to which the financial
statements relate and the date of the report.
7. Details of significant and material orders passed by the regulators or courts or
tribunals impacting the going concern status and company's operations in future:
No significant and material order has been passed by the regulators, courts, tribunals
impacting the going concern status and Company's operations in future.
8. Directors' Responsibility Statement
The Directors' Responsibility Statement referred to in clause (c) of sub-section (3) of
Section 134 of the Companies Act, 2013, shall state that
(a) in the preparation of the annual accounts, the applicable accounting standards had
been followed along with proper explanation relating to material departures;
(b) 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) 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) the directors had prepared the annual accounts on a going concern basis; and
(e) the directors had devised proper systems to ensure compliance with the provisions
of all applicable laws and that such systems were adequate and operating effectively.
9. Signing of Board Report:
134(6) The Board's Report and any annexures thereto under sub-section (3) shall be
signed by its chairperson of the company if he is authorized by the board and where he is
not so authorized, shall be signed by at least two directors, one of whom shall be
managing director, or by the director where there is one director.
10. Statutory Auditors:
The Auditors, M/S GOGIA HARIT &CO, Chartered Accountants, Vaikunth
146-D/lGarden House Colony, Garh Road Meerut, UP-250004, be and are hereby appointed
as the statutory auditors of the company for a period of 2 continuous years from the
conclusion of this AGM to the conclusion of AGM to be held in FY 2024-25 subject to
ratification of such appointment at every AGM, at a remuneration to be fixed by the board
of directors in consultation with auditor.
11,Change in share capital during the financial year 2022-23
There is no change in share capital structure of the Company during the financial year
2022-23
12. Dividend
The provisions of Section 125(2) of the Companies Act,201 3 do not apply as
there was no dividend declared and paid last year
13. Reserves
The company transfer red the Prof it amount of Rs. 481677/ - to reserves of the
company.
14. Conservation of energy, technology absorption and foreign exchange earnings and
outgo
The Company does not fall under any of the industries covered by the Companies (
Accounts) Rules, 2014 Hence, the requirements of disclosure in relation to the
conservation of Energy, Technology Absorption & Foreign Exchange Earnings and outgo
are not applicable to it.
15.Insurance & risk management
The assets of the company are adequately insured against the loss of fire, riot,
earthquake, terrorism, loss of profits, etc. and other risks which consider necessary by
the management. In addition to this coverage, a statutory Public Liability Insurance
Policy has been taken to cover by company for providing against the public liability
arising out of Industrial accidents for employees working in plants.
16. Employee relations
The employee relations continue to be cordial and the Board is committed to strengthen
the same and to work towards ensuring health, safety, welfare and a healthy working
environment for its employees.
17. Acknowledgements
The board places on record their sincere appreciation for the continued support and
co-operation received from the financial institutions, hankers, Government authorities,
legal advisors, customers. Dealers, retailers, etc. during the year under review.
Your Board also wish to place on record once again, their deep sense of appreciation
for the contribution made by the workers, staff and executives at all levels, to the
continued growth and prosperity of the company. The overall industrial relations remained
cordial at all the establishment.