R K BUILDCARE PRIVATE LIMITED
CIN: U15543DL1998PTC096755
A 84/B Nehru Gali, Mandawali Delhi Dl 110092 In
Email: rk_buildcare@hotmail.com
Mb-9811373151
DIRECTORS’ REPORT
Dear Shareholders,
Your Directors are pleased to present the 25th Annual Report together with the Audited
Financial statements for the period ended 31st March, 2023.
FINANCIAL RESULTS
The Company’s financial performance for the period under review is given here under:
Particulars Period ended at 31st Period ended at 31st
March, 2023 March, 2022
(Amount in Rs.in (Amount in Rs.in
Thousand) Thousand)
Net Sales/Income from Business
Operations 80847.20 25,259.92
Other Income 601.74 264.54
Total Income 81448.94 25,524.46
Less: Expenses 74262.98 23119.05
Operating Profit (PBIDT) 7185.97 2405.41
Less: Interest Costs 449.78 355.70
Profit before Depreciation (PBDT) 6736.19 2049.71
Less: Depreciation 1094.53 1441.92
Profit before tax 5641.65 607.79
Less: Current Income Tax 1499.01 184.82
Less: Previous year adjustment of Income
87.81 0
Tax
Less Deferred Tax 69.24 (103.03)
Net Profit after Tax 3985.59 526.02
Earnings per share (Basic) 30.66 4.05
Earnings per Share(Diluted) 30.66 4.05
DIVIDEND
Keeping in view the future expansion plans of the company, no dividend is recommended for the
financial year 2022-2023.
TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCTION AND PROTECTION FUND
The provisions of Section 125(2) of the Companies Act, 2013 do not apply as there was no
dividend declared and paid last year.
RESERVES
During the period under review no amount is proposed to be carried to any reserve.
RESULTS OF BUSINESS OPERATIONS AND THE STATE OF COMPANY’S AFFAIRS
During the year under review, the Company has net Profit of Rs.3985.59 thousands.
AUDITORS
Statutory auditors
M/s. S Lohia & Associates, Chartered Accountants, the Statutory Auditors of the company retires
at the conclusion of the ensuing Annual General Meeting in the year 2023. The Directors
recommended M/s. SVJ & Co., Chartered Accountants, Ghaziabad (Firm Registration No.:
020356C) for appointment as Statutory Auditors of the company for the period of five years till
conclusion of General Meeting to be held in year 2028 from the ensuring Annual General Meeting.
The Company has received a Certificate from them to the effect that their appointment, if made,
would be as per the requirements specified under Section 141 of the Act and the Rules framed
there under for reappointment as Auditors of the Company.
The Notes to Accounts referred to in the Auditors’ Report are self-explanatory and therefore do
not call for any further comments. The Auditors’ report does not contain any qualification,
reservation or adverse remark.
DISCLOSURE ABOUT COST AUDIT
The provision of maintenance of cost audit records and filing the same is not applicable to the
Company.
MATERIAL CHANGES AND COMMITMENT IF ANY AFFECTING THE FINANCIAL POSITION
OF THE COMPANY OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR TO WHICH
THIS 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 to which this financial statement relate and the date of this
report.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
EARNINGS AND OUTGO
(A) CONSERVATION OF ENERGY
The steps taken or impact on conservation of energy NA
The steps taken by the company for utilizing alternate sources of Energy NA
The capital investment on energy conservation equipment NA
(B) TECHNOLOGY ABSORPTION
The efforts made towards technology absorption NA
The benefits derived like product improvement, cost reduction, product development or
import substitution
NA
In case of imported technology (imported during the last three years reckoned from the
beginning of the financial year)
NA
The expenditure incurred on research and development NA
Details of Foreign currency transactions are as follows:
a. The company has not earned any income in Foreign Currency during the year.
b. The company has not incurred any expenditure in Foreign Currency.
STATEMENT CONCERNING DEVELOPMENT AND IMPLEMENTATION OF RISK
MANAGEMENT POLICY OF THE COMPANY
The Company does not have any Risk Management Policy as the elements of risk threatening the
Company’s existence are very minimal.
DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS
CORPORATE SOCIAL RESPONSIBILITY INITIATIVES
The Company has not developed and implemented any policy on Corporate Social Responsibility
initiatives as the provisions of section 135 of Companies Act, 2013 are not applicable.
PARTICULARS OF LOANS GIVEN, INVESTMENTS MADE, GUARANTEES GIVEN AND
SECURITIES PROVIDED
There were no loan, guarantees or Investments made by the Company under Section 186 of the
Companies Act, 2013 during the year under review and hence the said provision is not applicable.
PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES
Your directors draw attention of the members to Note No 29 to the financial statement which sets
out related party disclosures.
Particulars of contracts or arrangements with related parties referred to in Section 188(1) of the
Companies Act, 2013, in the prescribed Form AOC-2, is appended as Annexure to the Board's
report. (AOC-2 Annexure)
EXPLANATION OR COMMENTS ON QUALIFICATIONS, RESERVATIONS OR ADVERSE
REMARKS OR DISCLAIMERS MADE BY THE AUDITORS AND THE PRACTICING COMPANY
SECRETARY IN THEIR REPORTS
There was no a qualification, reservations or adverse remarks made by the Auditors in their
report.
The provisions of section 204 of the Companies Act, 2013 relating to submission of Secretarial
Audit Report is not applicable to the Company.
COMPANY’S POLICY RELATING TO DIRECTORS APPOINTMENT, PAYMENT OF
REMUNERATION AND DISCHARGE OF THEIR DUTIES
The provisions of Section 178(1) relating to constitution of Nomination and Remuneration
Committee are not applicable to the Company and hence the Company has not devised any
policy relating to appointment of Directors, payment of Managerial remuneration, Directors
qualifications, positive attributes, independence of Directors and other related matters as
provided under Section 178(3) of the Companies Act, 2013.
WEBLINK OF ANNUAL RETURN
The company doesn’t having any website. Therefore, there is no need of publication of annual
return.
NUMBER OF BOARD MEETINGS
During the period from 01st April 2022 to 31st March 2023, 5 Board Meetings were convened and
held on. The intervening gap between the Meetings was within the period prescribed under the
Companies Act, 2013.
S.No Date of Meeting Total Number of Attendance
directors as on the
date of meeting No of Directors % of
Attended Attendance
1 18/04/2022 3 3 100
2 16/06/2022 3 3 100
3 03/09/2022 3 3 100
4 14/12/2022 3 3 100
5 10/03/2023 3 3 100
PARTICULARS OF EMPLOYEES
None of the employee is in receipt of remuneration in excess of the limits prescribed under Rule
5(2) of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.
DIRECTORS RESPONSIBILITY STATEMENT
In accordance with the provisions of Section 134(5) of the Companies Act, 2013 the Board hereby
submits its responsibility Statement:
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.
DISCLOSURE UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION,
PROHIBITION AND REDRESSAL) ACT, 2013
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
SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES
The Company does not have any Subsidiaries, Joint Ventures and Associate Companies.
DEPOSITS
The Company has neither accepted nor renewed any deposits during the year under review.
DIRECTORS
During the year under review, no changes occurred in the composition of Board of directors of the
Company
DECLARATION OF INDEPENDENT DIRECTORS
The provisions of Section 149 of the Companies Act, 2013 pertaining to the appointment of
Independent Directors do not apply to our Company.
DISCLOSURE OF COMPOSITION OF AUDIT COMMITTEE AND PROVIDING VIGIL
MECHANISM
The provisions of Section 177 of the Companies Act, 2013 read with Rule 6 and 7 of the
Companies (Meetings of the Board and its Powers) Rules, 2013 is not applicable to the Company.
SHARES
a) Equity shares with differential rights: The Company has not issued any equity share
with differential rights during the year under review.
b) Buy Back of Securities: The Company has not bought back any of its securities during
the year under review.
c) Sweat Equity: The Company has not issued any Sweat Equity Shares during the year
under review.
d) Bonus Shares: No Bonus Shares were issued during the year under review.
e) Employees Stock Option Plan: The Company has not provided any Stock Option
Scheme to the employees.
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 or material orders were passed by the any Regulators or Courts or Tribunals which
impact the going concern status and Company’s operations in future.
STATE OF AFFAIRS
The company is engaged in the business as builders, developers, real estates, property dealer,
consultant, civil engineer, architect and government civil contractors of immovable properties, all
types of structural and pilling engineering work and to carry on business of water proofing and
house maintenance.
There is no change in nature of business during the period under review.
CHANGE IN REGISTERED OFFICE OF THE COMPANY
There is no change in registered office address of the Company.
INTERNAL FINANCIAL CONTROLS
The Company has sufficient internal financial control.
ACKNOWLEDGEMENTS
Your Directors place on record their sincere thanks to bankers, business associates, consultants,
and various Government Authorities for their continued support extended to your Companies
activities during the year under review. Your Directors also acknowledge gratefully the
shareholders for their support and confidence reposed on the Company.
For & on behalf of the Board
For RK Buildcare Private Limited
RAM KALESHWAR SINGH DEVENDRA PRASAD SINGH
Director Director
DIN: 00324840 DIN: 00327775
Dated: 21.09.2023
Place: Delhi
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 arm’s length transaction under third proviso thereto.
Details of contracts or arrangements or transactions not at Arm’s length basis.
SL. No. Particulars Details
a) Name (s) of the related party & nature of relationship -
b) Nature of contracts/arrangements/transaction -
c) Duration of the contracts/arrangements/transaction -
d) Salient terms of the contracts or arrangements or -
transaction including the value, if any
e) Justification for entering into such contracts or -
arrangements or transactions’
f) Date of approval by the Board -
g) Amount paid as advances, if any -
h) Date on which the special resolution was passed in -
General meeting as required under first proviso to
section 188
Details of contracts or arrangements or transactions at Arm’s length basis.
(kindly refer Note No 29 to financial statements)
