PURE WEBLOPMENT LIMITED - pureites.in Report 2014-15.pdf · pure weblopment limited syno-1/528-g,...

PURE WEBLOPMENT LIMITED SYNO-1/528-G, 4TH FLOOR,OFFICE-402, MILESTONE LEONE, ATHWAGATE, NEAR JOLLY PLAZA, SURAT - 395001 Gujarat CIN : U72400GJ2011PLC065961

NOTICE

Notice is hereby given that the Annual General Meeting of the members of PURE WEBLOPMENT LIMITED will be held on at at to transact the following business:- ORDINARY BUSINESS:

1. To receive, consider and adopt the Audited Balance Sheet as on 31st March, 2015 and the Profit & Loss Account for the period ended on that date together with the reports of the Directors and Auditors thereon.

2. To appoint M/S. TGB & ASSOCIATES, Chartered Accountants, as Statutory auditors to hold

the office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting to be held after this meeting and to fix their remuneration.

Date: 01/09/2015 Place: SURAT

For & on behalf of the Board of Directors

SD/- RAVISHEKHAR MISHRA

DIN : 06859362 (Director)

DHIRAJBHAI VAGHJIBHAI KORADIYA DIN : 03371017

(Director)

NOTES:

1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS ENTITLED TO APPOINT ONE OR MORE PROXIES TO ATTEND AND VOTE INSTEAD OF HIMSELF AND THE PROXY NEED NOT BE A MEMBER. The proxy form duly completed and stamped must reach the registered office of the company not less than 48 hours before the time fixed for commencement of the meeting.

2. Members and Proxies attending the Meeting should bring the attendance slip duly filled in for attending the Meeting.

3. Corporate Members are requested to send a duly certified true copy of the Board Resolution authorizing their representatives to attend and vote at the Annual General Meeting.

4. Members are informed that in case of joint holders attending the Meeting, only such Joint holder who is higher in the order of the names will be entitled to vote.

Date: 01/09/2015 Place: SURAT

For & on behalf of the Board of Directors

SD/-

RAVISHEKHAR MISHRA DIN : 06859362

(Director)


(Director)

PURE WEBLOPMENT LIMITED SYNO-1/528-G, 4TH FLOOR,OFFICE-402, MILESTONE LEONE, ATHWAGATE, NEAR JOLLY PLAZA, SURAT - 395001 Gujarat CIN : U72400GJ2011PLC065961 ______________________________________________________________________________________

Director’s Report To, The Members of PURE WEBLOPMENT LIMITED Your Directors have pleasure in presenting the FORTH Director’s Report of your Company together with the Audited Statement of Accounts and the Auditors’ Report of your company for the financial year ended, 31st March, 2015. FINANCIAL HIGHLIGHTS

Particulars Current year Previous Year

Sales 1356332.8 19058164.61

Other Income 0.00 146150

Total Income 1356332.8 19204314.61 Depreciation 15178.31 0 Tax

Current Tax 0 0

Deferred Tax 5136 0 Profit/(Loss) after Tax 153227.55 -127032.32 Earnings per share (Rs.) : Basic 0.31 -0.25

Diluted 0 0 STATE OF COMPANY’S AFFAIRS

During the year under review, the Company has earned a Profit after tax of Rs.153227.55/- compared to Rs.-127032.32/- in the previous year. Your Directors are continuously looking for avenues for future growth of the Company. TRANSFER TO RESERVES IN TERMS OF SECTION 134 (3) (J) OF THE COMPANIES ACT, 2013

For the financial year ended 31st March, 2015, the Company has proposed that no amt. is transferred to General Reserve Account. DIVIDEND

Your Directors do not recommend any dividend for the year ended 31st March, 2015. MATERIAL CHANGES BETWEEN THE DATE OF THE BOARD REPORT AND END OF FINANCIAL YEAR

There have been no 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.

DETAILS OF SUBSIDIARY/JOINT VENTURES/ASSOCIATE COMPANIES

As on March 31, 2015, the Company does not have any subsidiary/joint venture/associate companies. CHANGE IN THE NATURE OF BUSINESS

There is no change in the nature of the business of the company. ANNUAL RETURN

The Extract of Annual Return as required under section 92(3) of the Companies Act, 2013 in Form MGT-9 is annexed herewith for your kind perusal and information. (Annexure: 1) MEETINGS OF THE BOARD OF DIRECTORS

The following Meetings of the Board of Directors were held during the Financial Year 2014-15:

SN Date of Meeting Board Strength No. of Directors Present 1 01/05/2014 3 3 2 03/05/2014 3 3 3 05/05/2014 4 4 4 23/06/2014 4 4 5 29/08/2014 4 4 6 05/09/2014 4 4 7 19/12/2014 4 4 8 26/12/2014 4 4 9 20/02/2015 3 3 DIRECTORS’ RESPONSIBILITY STATEMENT

Pursuant to Section 134(5) of the Companies Act, 2013 the Board of Directors of the Company confirms 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, in the case of a listed company, had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively.

(f) 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.

DECLARATION BY INDEPENDENT DIRECTORS

The Board of Directors of the Company hereby confirms that all the Independent directors duly appointed by the Company have given the declaration and they meets the criteria of independence as provided under section 149(6) of the Companies Act, 2013. STATUTORY AUDITOR AND AUDITORS’ REPORT

M/s. ATIT SHAH & ASSOCIATES, Statutory Auditor of the Company, hold office till the conclusion of the ensuing Annual General Meeting. Now, M/S. TGB & ASSOCIATES, Chartered Accountants having FRN: 140702W be appointed as statutory auditors of the company for the F.Y.2015-16 i.e. to hold office from the conclusion of this

Meeting until the conclusion of the next Annual General Meeting (AGM) of the company to be held in the year 2016. Further the Auditors’ Report for the financial year ended, 31st March, 2015 is annexed herewith for your kind perusal and information. (Annexure: 2) SECRETARIAL AUDITOR AND SECRETARIAL AUDIT REPORT

As per companies act 2013, there is no requirement of Secretarial Auditor And Secretarial Audit Report for our Limited Company. VIGIL MECHANISM / WHISTLE BLOWER POLICY

As per companies act 2013, there is no requirement of Vigil Mechanism / Whistle Blower Policy for our Limited Company. CORPORATE SOCIAL RESPONSIBILITY (CSR)

As per companies act 2013, provisions of Corporate Social Responsibility are not applicable to our Limited Company. NOMINATION AND REMUNERATION COMMITTEE

As per companies act 2013, there is no requirement of Nomination and Remuneration Committee for our Limited Company. LOANS, GUARANTEES AND INVESTMENTS

The Company has following Loans, Guarantee given and Investments made under section 186 of the Companies Act, 2013 for the financial year ended 31st March 2015: SN Date of

Transaction Particular/Purpose/Nature of Transaction Amount of

Transaction NIL

RELATED PARTY TRANSACTIONS

All contracts / arrangements / transactions entered by the Company during the financial year with related parties were in the ordinary course of business and on an arm’s length basis. During the year, the Company had not entered into any contract / arrangement / transaction with related parties which could be considered material in accordance with the policy of the Company on materiality of related party transactions Further all the necessary details of transaction entered with the related parties as defined under Section 188 of the Companies Act, as defined under Section 2 (76) of the said Act are attached herewith in form no. AOC-2 for your kind perusal and information. (Annexure: 4). CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION

The particulars as required under the provisions of Section 134(3) (m) of the Companies Act, 2013 in respect of conservation of energy and technology absorption have not been furnished considering the nature of activities undertaken by the company during the year under review. FOREIGN EXCHANGE EARNINGS AND OUTGO

There were no foreign exchange earnings and outgo during the year under review. RISK MANAGEMENT

Risks are events, situations or circumstances which may lead to negative consequences on the Company's businesses. Risk management is a structured approach to manage uncertainty. A formal enterprise wide approach to Risk Management is being adopted by the Company and key risks will now be managed within a unitary framework. As a formal roll-out, all business divisions and corporate functions will embrace Risk Management Policy and Guidelines, and make use of these in their decision making. Key business risks and their mitigation are considered in the annual/strategic

business plans and in periodic management reviews. The risk management process in our multi-business, multi-site operations, over the period of time will become embedded into the Company’s business systems and processes, such that our responses to risks remain current and dynamic. INTERNAL FINANCIAL CONTROLS

The Company has in place adequate internal financial controls with reference to financial statements. During the year, such controls were tested and no reportable material weaknesses in the design or operation were observed. GENERAL

Your Directors state that no disclosure or reporting is required in respect of the following items as there were no transactions on these items during the year under review: 1. Details relating to deposits covered under Chapter V of the Act.

2. Issue of equity shares with differential rights as to dividend, voting or otherwise.

3. Issue of shares (including sweat equity shares) to employees of the Company under any scheme

save and except ESOS referred to in this Report.

4. Neither the Managing Director nor the Whole-time Directors of the Company receive any remuneration or commission from any of its subsidiaries.

5. No significant or material orders were passed by the Regulators or Courts or Tribunals which impact the going concern status and Company’s operations in future.

Your directors further state that during the year under review, there were no cases filed pursuant to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. ACKNOWLEDGEMENT

Your Directors wish to express their grateful appreciation to the continued co-operation received from the Banks, Government Authorities, Customers, Vendors and Shareholders during the year under review. Your Directors also wish to place on record their deep sense of appreciation for the committed service of the Executives, staff and Workers of the Company. Date 01/09/2015 Place SURAT For & on behalf of the Board of Directors SD/-

DHIRAJBHAI VAGHJIBHAI KORADIYA

DIN : 03371017 (Director)


(Director)

Form No. MGT-9 EXTRACT OF ANNUAL RETURN

As on the financial year ended on 31/03/2015 [Pursuant to Section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014]

I. REGISTRATION AND OTHER DETAILS : i) CIN U72400GJ2011PLC065961 ii) Registration Date 18/06/2011 iii) Name of the Company PURE WEBLOPMENT LIMITED iv) Category / Sub-Category of the Company Public Company

Small Company Limited by shares Company having share capital

v) Address of the Registered office and contact details SYNO-1/528-G, 4TH FLOOR,OFFICE-402, MILESTONE LEONE,

ATHWAGATE, NEAR JOLLY PLAZA, SURAT - 395001 Gujarat Telephone : Fax Number : Email : [email protected] vi) Whether listed company No vii) Name, Address and Contact details of Registrar and Transfer Agent, if any II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY : All the business activities contributing 10 % or more of the total turnover of the company shall be stated:- Sl. No. Name and Description of main products / services NIC Code of the

Product/ service % to total turnover of

the company 1 RETAIL TRADE SERVICES 99622590 100 III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES : S.N0 NAME AND ADDRESS OF THE

COMPANY CIN/GLN HOLDING/

SUBSIDIARY/ % of shares held Applicable Section

ASSOCIATE IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity) :

i) Category-wise Share Holding

Category of

Shareholders No. of Shares held at the beginning of the year No. of Shares held at the end of the year % Change during

the year Demat Physical Total % of Total

Shares Demat Physical Total % of Total

Shares

A. Promoters (1) Indian a) Individual/HUF 50000 50000 100.00 50000 50000 100.00 0.00 b) Central Govt c) State Govt (s) d) Bodies Corp. e) Banks / FI f) Any Other…. Sub-total (A) (1):- 50000 50000 100.00 50000 50000 100.00 0.00 (2) Foreign a) NRIs -

Individuals

b) Other – Individuals

c) Bodies Corp. d) Banks / FI e) Any Other…. Sub-total (A) (2):- Total

shareholding of Promoter (A) = (A)(1)+(A)(2)

50000 50000 100.00 50000 50000 100.00 0.00

B. Public Shareholding

1. Institutions a) Mutual Funds b) Banks / FI c) Central Govt

d) State Govt(s) e) Venture Capital

Funds

f) Insurance Companies

g) FIIs h) Foreign Venture

Capital Funds

i) Others (specify) Sub-total (B)(1):- 2. Non-Institutions a) Bodies Corp. i) Indian ii) Overseas b) Individuals i) Individual

shareholders holding nominal share capital upto Rs. 1 lakh

ii) Individual shareholders holding nominal share capital in excess of Rs 1 lakh "

c) Others (specify) Sub-total (B)(2):- Total Public

Shareholding (B)=(B)(1)+(B)(2)

C. Shares held by Custodian for GDRs & ADRs

Grand Total (A+B+C)

50000 50000 100.00 50000 50000 100.00 0.00

(ii) Shareholding of Promoters

Sl No. Shareholder’s Name Shareholding at the beginning of the year

Share holding at the end of the year

No. of Shares

% of total Shares of

the company

%of Shares Pledged /

encumbered to total shares

No. of Shares

% of total Shares of

the company

%of Shares Pledged /

encumbered to total shares

% change in share holding during the

year

1 DHIRAJBHAI VAGHJIBHAI KORADIYA

10000 20.00 10000 20.00 0.00

2 JAYDEV BHURABHAI BARIYA

5000 10.00 5000 10.00 0.00

3 SANKET SEVANTILAL MEHTA

10000 20.00 10000 20.00 0.00

4 BHARATBHAI PRABHULAL KORADIYA

10000 20.00 10000 20.00 0.00

5 HEMANT PRAVINCHANDRA NANAVATI

5000 10.00 5000 10.00 0.00

6 KAUSHIK VINODBHAI RANA

5000 10.00 5000 10.00 0.00

7 MILANKUMAR JIVATLALMEHTA

5000 10.00 5000 10.00 0.00

(iii) Change in Promoters’ Shareholding ( please specify, if there is no change)

Sl. No. Name Particulars Shareholding at the

beginning of the year Cumulative Shareholding during the year

No. of Shares % of total Shares of the

company


company At the beginning of the year Date wise Increase / Decrease

in Promoters Share holding during the year specifying the reasons for increase / decrease (e.g. allotment / transfer / bonus/ sweat equity etc):

At the End of the year

(iv) Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs):

Sl. No. Name Particulars Shareholding at the beginning of the year

Cumulative Shareholding during the year

For Each of the Top 10 Shareholders


company


company At the beginning of the year Date wise Increase / Decrease

in Share holding during the year specifying the reasons for increase / decrease (e.g. allotment / transfer / bonus / sweat equity etc):

At the End of the year ( or on the date of separation, if separated during the year)

(v) Shareholding of Directors and Key Managerial Personnel

Sl.No. Name Particulars Shareholding at the

beginning of the year Cumulative Shareholding during the year


company


company 1 DHIRAJBHAI VAGHJIBHAI

KORADIYA At the beginning of the year 10000 20.00

At the end of the year 10000 20.00 2 SANKET SEVANTILAL MEHTA At the beginning of the year 10000 20.00 At the end of the year 10000 20.00 V. INDEBTEDNESS :

Indebtedness of the Company including interest outstanding/accrued but not due for payment

Secured Loans

excluding deposits Unsecured Loans Deposits Total Indebtedness

Indebtedness at the beginning of the financial year i) Principal Amount

ii) Interest due but not paid iii) Interest accrued but not due Total (i+ii+iii) Change in Indebtedness during the financial year Addition Reduction Net Change Indebtedness at the end of the financial year i) Principal Amount ii) Interest due but not paid iii) Interest accrued but not due Total (i+ii+iii) VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL : A. Remuneration to Managing Director, Whole-time Directors and/or Manager

Sl.no. Name of

MD/WTD/Manager

Gross salary Stock Option

Sweat Equity

Commission Others Total Ceiling as per the Act

(a) Salary as per

provisions contained in section 17(1) of

the Income-tax Act, 1961

(b) Value of

perquisites u/s 17(2) Income-tax Act, 1961

(c) Profits in lieu of

salary under

section 17(3)

Income-tax Act, 1961

as % of profit

others

1 RAVISHEKHAR MISHRA

285000 0 0 285000

B. Remuneration to other directors

Sl.no. Name of

Directors Independent Directors Total (1) Other Non-Executive

Directors Total (2) Total

(1+2) Total

Managerial

Remuneration

Overall Ceiling as per the Act

Fee for attending

board / committe

e meetings

Commission

Others Fee for attending

board committe

e meetings

Commission

Others

C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD

Sl.no. Name of Key

Managerial Personnel

Gross salary Stock Option

Sweat Equity

Commission Others Total

(a) Salary as per

provisions contained in section 17(1) of

the Income-tax Act, 1961

(b) Value of

perquisites u/s 17(2) Income-tax Act, 1961

(c) Profits in lieu of

salary under

section 17(3)

Income-tax Act, 1961

as % of profit

others

VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES :

Type Section of the Companies Act

Brief Description Details of Penalty /Punishment/

Compounding fees imposed

Authority [RD / NCLT/ COURT]

Appeal made, if any (give Details)

A. COMPANY Penalty Punishment Compounding B. DIRECTORS Penalty Punishment Compounding C. OTHER OFFICERS IN DEFAULT

Penalty Punishment Compounding Date 01/09/2015 Place SURAT For & on behalf of the Board of Directors SD/-


(Director)


(Director)

Form No. AOC-2

(Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014)

Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub-section (1) of section 188 of the Companies Act, 2013 including certain arms length transactions under third proviso thereto 1. Details of contracts or arrangements or transactions not at arm’s length basis SN Name(s) of the related

party and nature of relationship

Nature of contracts /arrangements/trans

actions

Duration of the contracts /

arrangements / transactions

Salient terms of the contracts or arrangements or transactions including

the value, if any

Justification for entering into such contracts or

arrangements or transactions

Date(s) of approval by the Board

Amount paid as

advances, if any

Date on which the special resolution was passed in general meeting as required under first proviso to Section 188

2. Details of material contracts or arrangement or transactions at arm’s length basis SN Name(s) of the related party and

nature of relationship Nature of contracts /


Duration of the contracts /


Salient terms of the contracts or arrangements or transactions including

the value, if any

Date(s) of approval by the Board, if any

Amount paid as advances, if any

1 RAVISHEKHAR MISHRA DIRECTOR REMUNERATION

Date 01/09/2015 Place SURAT For & on behalf of the Board of Directors SD/-


(Director)


(Director)

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF PURE WEBLOPMENT LIMITED, Report on the Financial Statements We have audited the accompanying financial statements of PURE WEBLOPMENT LIMITED (“the company”), which comprise the Balance Sheet as at 31 March 2015, the Statement of Profit and Loss, the Cash Flow Statement for the year then ended, and a summary of significant accounting policies and other explanatory information.

Management’s Responsibility for the Financial Statements The Company’s Board of Directors is responsible for the matters in section 134(5) of the Companies Act, 2013 (“the Act”) with respect to the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014. This responsibility also includes the maintenance of adequate accounting records in accordance with the provision of the Act for safeguarding of the assets of the Company and for preventing and detecting the frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of internal financial control, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express an opinion on these financial statements based on our audit.

1. We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made there under.

2. We conducted our audit in accordance with the Standards on Auditing specified under section 143(10) of

the Act. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

3. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in

the financial statements. The procedures selected depend on our judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, we considers internal financial control relevant to the Company’s preparation of the financial statements that give true and fair view in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by Company’s Directors, as well as evaluating the overall presentation of the financial statements.

4. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for

our audit opinion on the financial statements.

Opinion In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements, give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India; a) In the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2015; b) In the case of the Statement of Profit and Loss, of the profit for the year ended on that date; and c) In the case of the Cash Flow Statement, of the cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements As required by the Companies (Auditor’s Report) Order, 2015 (“the Order”), issued by the Central Government of India in terms of sub-section (11) of Section 143 of the Act, we report that: a) We have sought and obtained all the information and explanations which to the best of our knowledge and

belief were necessary for the purposes of our audit.

b) In our opinion proper books of account as required by law have been kept by the Company so far as appears from our examination of those books.

c) the Balance Sheet, the Statement of Profit and Loss, and Cash Flow Statement dealt with by this Report are in agreement with the books of account.

d) In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.

e) There is nothing to disclose which is having adverse effect on the functioning of the company.

f) On the basis of written representations received from the directors as on 31 March, 2015, taken on record by the Board of Directors, none of the directors is disqualified as on 31 March, 2015, from being appointed as a director in terms of Section 164(2) of the Act.

g) With respect to the other matters included in the Auditor’s Report and to our best of our information and according to the explanations given to us:

i. The Company does not have any pending litigations which would impact its financial position.

ii. The Company did not have any long-term contracts including derivatives contracts for which there were any material foreseeable losses.

iii. There were no amounts which required to be transferred to the Investor Education and Protection Fund by the Company.

For Atit Shah And Associates

Chartered Accountants

Atit Dilipbhai Shah (Partner) M. No. : 136714

FRN : 131493W Date : 01/09/2015 Place : Surat

403, Siddh Chambers, Taratiya Hanuman Sheri, Mahidharpura, Surat-395003 Gujarat

PURE WEBLOPMENT LIMITED (FORMER - LUMINEUX DIAM LIMITED) CIN : U72400GJ2011PLC065961 BALANCE SHEET AS AT 31/03/2015

In ` Balance Sheet as at Note 31/03/2015 31/03/2014 EQUITY AND LIABILITIES Shareholders’ funds Share capital 2.1 500000.00 500000.00 Reserves and surplus 2.2 (26387734.45) (26540962.00) Money received against share warrants - - (25887734.45) (26040962.00) Share application money pending allotment - - Non-current liabilities Long-term borrowings - - Deferred tax liabilities (Net) - - Other Long term liabilities - - Long-term provisions 2.3 34496.00 - 34496.00 0.00 Current liabilities Short-term borrowings - - Trade payables 2.4 27016800.00 27416028.00 Other current liabilities - - Short-term provisions 2.5 39750.00 32500.00 27056550.00 27448528.00

TOTAL 1203311.55 1407566.00 ASSETS Non-current assets Fixed assets Tangible assets 2.6 90821.69 - Intangible assets 2.7 363160.00 - Capital work-in-progress - - Intangible assets under development - - 453981.69 0.00 Non-current investments - - Deferred tax assets (net) - - Long-term loans and advances - - Other non-current assets - - 453981.69 0.00 Current assets Current investments - - Inventories - - Trade receivables 2.8 310000.00 - Cash and cash equivalents 2.9 310126.86 1388070.00 Short-term loans and advances 3.0 71705.00 - Other current assets 3.1 57498.00 19496.00 749329.86 1407566.00

TOTAL 1203311.55 1407566.00 In terms of our attached report of even date For ATIT SHAH AND ASSOCIATES For PURE WEBLOPMENT LIMITED (FORMER -

LUMINEUX DIAM LIMITED) CHARTERED ACCOUNTANTS FRN : 131493W

SD/- ATIT DILIPBHAI SHAH (PARTNER)


RAVISHEKHAR MISHRA

DATE: 01/09/2015 (DIRECTOR) (DIRECTOR) PLACE: SURAT (DIN : 03371017) (DIN : 06859362)

PURE WEBLOPMENT LIMITED (FORMER - LUMINEUX DIAM LIMITED) CIN : U72400GJ2011PLC065961

STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31/03/2015 In ` Statement of Profit and Loss for the Note 31/03/2015 31/03/2014 Revenue from operations 3.2 1356332.80 19058164.61 Other income 3.3 0.00 146150.00 Total Revenue 1356332.80 19204314.61 Expenses Purchases of Stock-in-Trade 3.4 950191.14 19144945.50 Employee benefits expense 3.5 139000.00 66000.00 Depreciation and amortization expense 3.6 15178.31 0.00 Other expenses 3.7 93599.80 120401.43 Total expenses 1197969.25 19331346.93 Profit before tax 158363.55 (127032.32) Tax expense: 3.8 Current tax 0.00 0.00 Deferred tax 5136.00 0.00 Profit (Loss) for the period from continuing operations 153227.55 (127032.32) Tax expense of discontinuing operations 0.00 0.00 Profit/(loss) from Discontinuing operations (after tax) 0.00 0.00 Profit (Loss) for the period 153227.55 (127032.32) Earnings per equity share: 3.9 Basic 0.31 (0.25) Diluted 0.00 0.00 In terms of our attached report of even date For ATIT SHAH AND ASSOCIATES For PURE WEBLOPMENT LIMITED (FORMER -




RAVISHEKHAR MISHRA


PURE WEBLOPMENT LIMITED (FORMER - LUMINEUX DIAM LIMITED) CIN : U72400GJ2011PLC065961

CASH FLOW STATEMENT FOR THE YEAR ENDED 31/03/2015 In `

Particular 31/03/2015 31/03/2014 Cash Flows from Operating Activates Net Profit Before Tax and Extra Ordinary Items 158363.55 -127032.32 Adjustment For Depreciation 15178.31 0.00 Foreign Exchange Gain or loss of Sale of Fixed assets Gain or loss of Investment Finance Cost Dividend Income Other adjustment of non cash Item 0.00 0.00 Other adjustment to reconcile Profit Total Adjustment to Profit/Loss (A) 15178.31 0.00 Adjustment For working Capital Change Adjustment for Increase/Decrease in Inventories Adjustment for Increase/Decrease in Trade Receivables -310000.00 19145186.48 Adjustment for Increase/Decrease in Other Current Assets -109707.00 9748.00 Adjustment for Increase/Decrease in Trade Payable -399228.00 -18535722.00 Adjustment for Increase/Decrease in other current Liabilities Adjustment for Provisions 36610.00 -22500.00 Total Adjustment For Working Capital (B) -782325.00 596712.48 Total Adjustment to reconcile profit (A+B) -767146.69 596712.48 Net Cash flow from (Used in ) operation -608783.14 469680.16 Dividend Received Interest received Interest Paid Income Tax Paid/ Refund Net Cash flow from (Used in ) operation before Extra Ordinary Items -608783.14 469680.16 Proceeds from Extra Ordinary Items Payment for Extra Ordinary Item Net Cash flow From operating Activities -608783.14 469680.16 Cash Flows from Investing Activities Proceeds From fixed Assets Proceeds from Investment or Equity Instruments Purchase of Fixed Assets 469160.00 0.00 Purchase Of Investments or Equity Instruments Interest received Dividend Received Cash Receipt from Sale of Interest in Joint Venture Cash Payment to acquire Interest in Joint Venture Cash flow from loosing Control of subsidiaries Cash Payment for acquiring Control of subsidiaries Proceeds from Govt. Grant Other Inflow/Outflow Of Cash Net Cash flow from (Used in ) in Investing Activities before Extra Ordinary Items -469160.00 0.00 Proceeds from Extra Ordinary Items Payment for Extra Ordinary Item Net Cash flow from (Used in ) in Investing Activities -469160.00 0.00 Cash Flows from Financial Activities Proceeds From Issuing Shares Proceeds from Issuing Debenture /Bonds/Notes Redemption of Preference Share Redemption of Debenture Proceeds from other Equity Instruments Proceeds From Borrowing Repayment Of Borrowing Dividend Paid Interest Paid Income Tax Paid/Refund Net Cash flow from (Used in ) in Financial Activities before Extra Ordinary Items Proceeds from Extra Ordinary Items Payment for Extra Ordinary Item Net Cash flow from (Used in ) in Financial Activities Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes

-1077943.14 469680.16

Effect of exchange rate change on cash and cash equivalents Net increase (decrease) in cash and cash equivalents -1077943.14 469680.16 Cash and cash equivalents at beginning of period 1388070.00 918390.00 Cash and cash equivalents at end of period 310126.86 1388070.16

In terms of our attached report of even date For ATIT SHAH AND ASSOCIATES For PURE WEBLOPMENT LIMITED (FORMER -




RAVISHEKHAR MISHRA


NOTES ON ACCOUNTS FOR THE YEAR ENDED MARCH 31, 2015 2.1 Share Capital In ` Particular 31/03/2015 31/03/2014 Authorised

50000 (50000) Equity Shares Fully Paid of ` 10/- Par Value 500000.00 500000.00

500000.00 500000.00 Issued


500000.00 500000.00 Subscribed


500000.00 500000.00 Paidup

50000 (50000) Equity Shares Fully Paid of ` 10/- Par Value Fully Paidup 500000.00 500000.00

500000.00 500000.00

Holding More Than 5% Particular 31/03/2015 % Held 31/03/2014 % Held BHARATBHAI ORABHULAL KORADIYA 10000 20.00 10000 20.00 DHURAJBHAI VAGHJIBHAI KORADIYA 10000 20.00 10000 20.00 HEMANT PRAVINCHANDRA NANAVATI 5000 10.00 5000 10.00 JAYDEV BHURABHAI BARIYA 5000 10.00 5000 10.00 KAUSIK VINOD RANA 5000 10.00 5000 10.00 MILANKUMAR JIVATLAL MEHTA 5000 10.00 5000 10.00 SANKET SEVANTILAL MEHTA 10000 20.00 10000 20.00 2.2 Reserve and Surplus In ` Particular 31/03/2015 31/03/2014 Profit and Loss Opening (26540962.00) (26413929.68) Amount Transferred From Statement of P&L 153227.55 (127032.32) (26387734.45) (26540962.00) (26387734.45) (26540962.00)

2.3 Long Term Provisions In ` Particular 31/03/2015 31/03/2014 Tax Provision Current Tax 34496.00 0.00 Others 34496.00 0.00

2.4 Trade Payables In ` Particular 31/03/2015 31/03/2014 Creditors Due others ASHOK PANDEY 805000.00 805000.00 ASUTOSH ENTERPRISE 839125.00 839125.00 B K NAMA 375000.00 375000.00 B S PATEL 940990.00 940990.00 CHANDRAVANCHI EXPORTS 500040.00 500040.00 D C ENTERPRISE 478610.00 478610.00 DINESH VIJENDRA PRASAD 520000.00 520000.00 J R DIAMOND 740880.00 740880.00 K.V.EXPORTS 714000.00 714000.00 KAMAL GEMS 500000.00 500000.00 LALCHAND J GUPTA 392000.00 392000.00 M.RAI CORPORATION 387640.00 387640.00

MAHENDRABHAI A NAYKA 680000.00 680000.00 MANILAL T BARIYA 416000.00 416000.00 N M ENTERPRISE 588000.00 588000.00 NILNAYAN SALES 418500.00 418500.00 NISH PEARL 781000.00 781000.00 PARVATBHAI P RATHVA 738000.00 738000.00 PASWAN ENTERPRISE 630995.00 630995.00 R KARSHAN ENTERPRISE 780000.00 780000.00 R M ENTERPRISE 684000.00 684000.00 R.BARIYA CORPORATION 499680.00 499680.00 RAHUL TRADRS 540000.00 540000.00 RAJ ENTERPRISE 167520.00 167520.00 RAJUL GEMS 720500.00 720500.00 RAKESH ENTERPISE 576800.00 576800.00 RAKSHA ENTERPRISE 828000.00 828000.00 RAMESH GEMS 480840.00 480840.00 RATAN DIAM 931000.00 931000.00 RCB CORPORATION 600000.00 600000.00 REST TRADING 924000.00 924000.00 RNUKABEN M KOLI 442000.00 442000.00 SHONI DIAMOND 400070.00 400070.00 SHREE KANT KUMAR 468630.00 468630.00 SIMABHAI N BARIYA 792000.00 792000.00 SUR GEMS 622270.00 622270.00 SURAJBEN N BARIYA 682000.00 682000.00 SURESH CORPORATION 0.00 98988.00 UMEDBHAI V KOLI 774000.00 774000.00 USHABEN P RATHVA 780000.00 780000.00 VAKARSING M RATHVA 901000.00 901000.00 VIJAY CORPORATION 542520.00 542520.00 VILASBEN D BARIYA 931000.00 931000.00 VIRMANI ENTEPRISE 503190.00 503190.00 YASH CORPORATION 0.00 300240.00 27016800.00 27416028.00

2.5 Short Term Provisions In ` Particular 31/03/2015 31/03/2014 Others ACCOUNT FEES PAYABLE 10000.00 10000.00 ATIT SHAH & ASSOCIATES 29750.00 22500.00 39750.00 32500.00

2.6 Tangible assets In `

Particular Gross Depreciation Impairment Net Opening Addition Deduction Closing Opening During

Period Deducti

on Other Adj.

Closing Opening During Period

Reversal Closing Closing Opening

Equipments Computer Equipments

COMPUTER 106000.00 106000.00 15178.31 15178.31 90821.69 Total 106000.00 106000.00 15178.31 15178.31 90821.69 Grand Total 0.00 106000.00 0.00 106000.00 0.00 15178.31 0.00 0.00 15178.31 0.00 0.00 0.00 0.00 90821.69 0.00 Previous 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

2.7 Inatangible assets

In ` Particular Gross Amortisation Impairment Net

Opening Addition Deduction Closing Opening During Period

Deduction

Other Adj.

Closing Opening During Period

Reversal Closing Closing Opening

Other SOFTWARE DEVELOPEMENT EXP.

363160.00 363160.00 363160.00

Total 363160.00 363160.00 363160.00

Grand Total 0.00 363160.00 0.00 363160.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 363160.00

0.00

Previous 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

2.8 Trade receivables In ` Particular 31/03/2015 31/03/2014 Trade Receivable Unsecured considered good Within Six Months AISTROIT SOLUTION 25000.00 0.00 Exceeding Six Months AISTROIT SOLUTION 285000.00 0.00 310000.00 0.00

2.9 Cash and cash equivalents In ` Particular 31/03/2015 31/03/2014 Cash in Hand 266793.86 1369515.00 Balances With Banks Balance With Scheduled Banks Current Account BANK OF INDIA 693.00 18555.00 KOTAK BANK (0011545224) 42640.00 0.00 310126.86 1388070.00

3.0 Short-term loans and advances In ` Particular 31/03/2015 31/03/2014 Loans and advances to others Unsecured, considered good MAHESHBHAI AMICHAND SHROFF ( DEPOSITE) 43200.00 0.00 MAT CREDIT RECEIVABLE 28505.00 0.00 71705.00 0.00

3.1 Other current assets In ` Particular 31/03/2015 31/03/2014 PREINCORPORATION EXPENSE 9748.00 19496.00 PREOPERATIVE EXP. 47750.00 0.00 57498.00 19496.00





RAVISHEKHAR MISHRA


NOTES ON ACCOUNTS FOR THE YEAR ENDED MARCH 31, 2015 3.2 Revenue from operations In ` Particular 31/03/2015 31/03/2014 Sale of Products

Traded Goods SALES DIAMOND 1356332.80 19058164.61 1356332.80 19058164.61

3.3 Other income In ` Particular 31/03/2015 31/03/2014 Miscellaneous

BROKRAGE INCOME 0.00 146150.00 0.00 146150.00

3.4 Purchases of Stock-in-Trade In ` Particular 31/03/2015 31/03/2014 Finished Goods

LOCAL PURCHASE IN CASH 950191.14 0.00 PURCHASES DIAMOND 0.00 19144945.50 950191.14 19144945.50

3.5 Employee benefits expense In ` Particular 31/03/2015 31/03/2014 Salary, Wages & Bonus

SALARY EXPENSES 139000.00 66000.00 139000.00 66000.00

3.6 Depreciation and amortisation expense In ` Particular 31/03/2015 31/03/2014 Depreciation & Amortisation Depreciation Tangible Assets 15178.31 0.00 15178.31 0.00

3.7 Other expenses In ` Particular 31/03/2015 31/03/2014 Administrative and General Expenses Printing Stationery

STATIONERY & PRINTING EXPENSE 8045.00 12700.00 Rent Rates And taxes

Rates and Taxes 855.00 0.00 Auditors Remuneration

Audit Fees 20000.00 22500.00 Travelling Conveyance

CONVEYANCE EXPENSE 5460.00 9240.00 PETROL ALLOWANCE 4250.00 9465.00

Legal and Professional Charges LEGAL FEES 5000.00 0.00

Registration and Filing Fees ROC FILLING FEES 7000.00 0.00

Other Administrative and General Expenses ACCOUNT FEES 10000.00 10000.00 BANK CHARGES 862.00 215.00 MISC.EXPENSES 12450.00 19250.00 PACKET CHARGES 1520.00 4900.00 TIP CHARGES 8305.00 22150.00 DISCOUNTS 104.80 233.43

Write off Assets and Liabilities Assets Written Off

PRELIMINARY EXPENSE W/O 9748.00 9748.00 93599.80 120401.43

3.8 Tax expense In ` Particular 31/03/2015 31/03/2014 Deferred tax

DEFERRED TAX LIABILITY - PNL 5136.00 0.00 5136.00 0.00

3.9 Earnings per equity share In ` Particular 31/03/2015 31/03/2014 Earnings Per Equity Share Basic





RAVISHEKHAR MISHRA


PURE WEBLOPMENT LIMITED CIN : U72400GJ2011PLC065961

1. Significant Accounting Policies: Basis of preparation: The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in India (Indian GAAP).These financial statements have been prepared to comply in all material respects with the Accounting Standards notified by Companies (Accounting Standards) Rules, 2006, (as amended) and the relevant provisions of the Companies Act, 1956/2013. The financial statements have been prepared under the historical cost convention on an accrual basis and going concern basis. The accounting policies have been consistently applied by the company are consistent with those used in the previous year. Use of Estimates: The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the results of operations during the reporting period. Although these estimates are based upon management's best knowledge of current events and actions, actual results could differ from these estimates. 2. Tangible Fixed Assets: All fixed assets are valued at cost less depreciation. 3. Intangible Fixed Assets: There was no Intangible Fixed Asset at the end of the year. 4. Depreciation and Amortisation: The depreciation has been calculated at the rates provided under companies Act 2013. No depreciation has been taken on the value of land, if any. 5. Investments: There was no Investment made by company during the previous year. 6. Employee Benefits: Employee benefits include provident fund, employee state insurance scheme, gratuity fund and Compensated absences.

7. Retirement Benefits: Provision for gratuity has been made in the accounts, only in case of those employees who have become eligible for the retirement benefits. Leave encashment, LTA, Medical Assistance are accounted as and when paid. The Firm is a member of recognized Provident Fund scheme established by the regional Government of Maharastra. The Firm is contributing 12% of Salary & Wages of eligible employees under the scheme every month. The amount of contribution is being deposited each and every month well within the time under the rules of EPF Scheme. 8. Inventories: Closing Stock is valued at cost or market value whichever is lower. 9. Borrowing Costs: There was no Borrowing cost occur during the year. 10. Revenue Recognition: Revenue from Operations • Company recognizes income on accrual basis except those with significant uncertainties.

11. Taxation: Tax expenses for the year, comprising current tax and deferred tax is included in determining the net profit for the year. Deferred tax asset and liabilities are recognized for the future tax consequences of temporary difference between the carrying value of assets and liabilities and their respective tax bases, and operating loss carry forwards. Deferred tax assets are recognised subject to management’s judgment that realization is more likely than not. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the temporary difference are expected to be reviewed or settled.

• Minimum Alternative tax (MAT) credit is recognized as an asset only when and to the extent there is convincing evidence that the Company will pay normal income tax during the specified period. In the year in which the MAT Credit becomes eligible to be recognized as an asset in accordance with the recommendations contained in guidance note issued by the Institute of Chartered Accountants of India, the said asset is created by way of a credit to the statement of profit and loss and shown as MAT Credit Entitlement. The Company reviews the MAT Credit Entitlement at each balance sheet date and writes down the carrying amount of the MAT Credit Entitlement to the extent there is no longer convincing evidence to the effect that Company will pay normal income tax during the specified period.

12. Earnings per share: Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders by the number of equity shares outstanding during the period. Earning Per Share Current Year Last Year

Net Profit Attributable to Shareholders 153227.55 -127032.32 Number of Equity Shares 50,000 50,000

Earning per Share of Rs. 10/- each. 0.31 -0.25 13. Related Party Disclosure:

S.No. Name of Party Nature of Transaction Amount

1 Ravishekhar Mishra Director Remuneration 2,85,000.00

14. Provisions: A provision is recognized when there exists a present obligation as a result of past events and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. Provisions are not discounted to present value and are determined based on best estimates required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates. 15. Contingent liabilities: There was no Contingent liabilities exist at the end of the year. 16. Cash and cash equivalent: Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in hand and short term deposits with banks with an original maturity of three months or less. 17. According to the informations and explanations given to us, there were no undisputed amounts payable in respect of

Income tax, Sales tax, Wealth tax, custom duty, Excise duty as on 31st March 2015.

18. In the opinion of the management and to the best of their knowledge and belief, the current assets, Loans and Advances are approximately of the value stated, if realised in the ordinary course of the business. The provisions for all determined liabilities are adequate and not in excess of the amount reasonably required.

19. The Company has not received any intimation from the suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence the disclosures relating to amount unpaid as at the end of the year together with interest payable as required under the said act has not been furnished and provision for interest, if any, on delayed payment is not ascertainable at this stage. No interest payment is made during the year.

20. Previous figures have been regroup/rearranged, wherever necessary.

21. Expenses for which supporting evidence have not been produced are certified by the management that expenses have been incurred for the purpose of business.

22. Expenses are accounted for on Mercantile Basis but some expenses due to their peculiar nature are accounted for on cash basis.

23. The balances of Unsecured Loans, Sundry Creditors, Sundry Debtors, Loans and Advances etc, all are subject to

confirmation. 24. It is not possible for us to verify whether payments in excess of Rs.20,000/- have been made otherwise than by

crossed cheque or bank demand drafts as the necessary evidence is not in the possession of the assessee. In terms of our attached report of even date For ATIT SHAH AND ASSOCIATES For PURE WEBLOPMENT LIMITED CHARTERED ACCOUNTANTS FRN : 131493W

ATIT DILIPBHAI SHAH SD/- (PARTNER) M. NO. : 136714


(DIRECTOR)

RAVISHEKHAR MISHRA (DIRECTOR)

Date: 01/09/2015 Place: Surat

DIN : 03371017 DIN : 06859362

PURE WEBLOPMENT LIMITED - pureites.in Report 2014-15.pdf · pure weblopment limited syno-1/528-g,...

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