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BSE Code : | NSE Symbol : | ISIN:| SECTOR : |

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Volume 280564

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Key Stats

MARKET CAP (RS CR) 4.97
P/E 52
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DIV (%) 0
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EPS (TTM) 0.19
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4

News & Announcements

01-Feb-2021

E.Com Infotech (India) reports consolidated net profit of Rs 0.07 crore in the December 2020 quarter

21-Jan-2021

E.Com Infotech (India) to hold board meeting

06-Nov-2020

E.Com Infotech (India) reports standalone net loss of Rs 0.12 crore in the September 2020 quarter

06-Nov-2020

E.Com Infotech (India) Ltd - Submission Of Standalone And Consolidated Unaudited Financial Results In Compliance With Regulation 33 Of SEBI (LODR) Regulations, 2015.

21-Jan-2021

E.Com Infotech (India) to hold board meeting

22-Oct-2020

E.Com Infotech (India) to conduct board meeting

24-Aug-2020

E.Com Infotech (India) to hold board meeting

08-Jul-2020

E.Com Infotech (India) to hold AGM

Corporate Actions

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Peers Comparsion

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Share Holding

Category No. of shares Percentage
Total Foreign 2908 0.06
Total Institutions 0 0.00
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 8246 0.16
Total Promoters 3654424 72.70
Total Public & others 1361522 27.09
Total 5027100 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About E.Com Infotech (India) Ltd

E.Com Infotech (India) Ltd was incorporated in Jul.'83 as Everest Televisions Pvt Ltd. Promoted by K B Chaudhary, Anil Chaudhary and Ashwin Chaudhary, it was renamed Everest Marketing (EML) in Nov.'85 and converted into a public limited company in Nov.'94. Engaged in marketing electronic telecommunication equipment like Panasonic fax machines, electronic copy boards, etc, the company operates through 5 sales and service centres at Mumbai,Delhi,Chenai,Secunderabad and Pondicherry. It expanded its sales and service base by adding sophisticated repair and testing equipment and also to increase its product range by including cameras and cordless phones. EML came out with a public issue in Jan.'96 to part-finance its expansion programme. EML has tied up with Ricoh, Japan, to distribute and service cameras. It launched price-competitive cordless phones for which it has tied up with Hua Chang Electronics Company, Hongkong, for the supply of cordless phones.

E.Com Infotech (India) Ltd Chairman Speech

E.Com Infotech (India) Ltd Company History

E.Com Infotech (India) Ltd was incorporated in Jul.'83 as Everest Televisions Pvt Ltd. Promoted by K B Chaudhary, Anil Chaudhary and Ashwin Chaudhary, it was renamed Everest Marketing (EML) in Nov.'85 and converted into a public limited company in Nov.'94. Engaged in marketing electronic telecommunication equipment like Panasonic fax machines, electronic copy boards, etc, the company operates through 5 sales and service centres at Mumbai,Delhi,Chenai,Secunderabad and Pondicherry. It expanded its sales and service base by adding sophisticated repair and testing equipment and also to increase its product range by including cameras and cordless phones. EML came out with a public issue in Jan.'96 to part-finance its expansion programme. EML has tied up with Ricoh, Japan, to distribute and service cameras. It launched price-competitive cordless phones for which it has tied up with Hua Chang Electronics Company, Hongkong, for the supply of cordless phones.

E.Com Infotech (India) Ltd Directors Reports

The Members of

ECOM INFOTECH (INDIA) LIMITED

The Directors have pleasure in submitting their Report and Accounts for the year ended on 31st March 2020.

Rs. in lakhs

FINANCIAL RESULTS 2019-20 2018-19
Net Sales / Income from operations 76.93 153.22
Other income 2.30 5.32
Total Expenses 72.22 148.09
Finance cost 0.01 0.02
Profit / Loss after before 7.00 10.43
Interest but depreciation & taxation
Depreciation 11.05 6.23
Provision for Taxation -1.10 1.10
Net Profit / Loss -2.95 3.11

RESERVES

The General Reserve at the end of the year stands at Rs. (60.35) lakhs.

TRANSFER TO RESERVES

An amount of Rs. - 2,95,000/- (Rupees two Lakhs ninety five Thousand Only) is proposed to be carried to the reserves during the year ended 31st March, 2020.

DIVIDEND:

In view of insufficient profits, the Directors do not recommend any dividend for this year.

SALES:

The net turnover for the year under review amounted to Rs. 76.93 lakhs as compared to Rs. 153.22 lakhs last year.

FINANCIAL PERFORMANCE REVIEW AND THE STATE OF THE COMPANY'S AFFAIRS

The operations of the company have slightly been reduced but Directors of the Company are hopeful of better result in the coming year barring unforeseen circumstances.

MATERIAL CHANGES AFFECTING THE COMPANY:

There have been no material changes and commitments affecting the financial position of the company between the end of the financial year and the date of this report. There has been no change in the nature of business of the company.

FIXED DEPOSITS

The Company has no public deposits as of date and will not accept any deposits without prior approval of the Statutory Authorities concerned.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The company has an internal control system, commensurate with the size, scale and complexity of its operations.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS

The company has not given any loans or guarantees covered under the provisions of section 186 of the Companies Act, 2013. The details of the investments made by company are given in the notes to the financial statements.

DIRECTORS AND KEY MANAGERIAL PERSONNEL

Mr. Priya Chaudhary, Director, retires by rotation at the ensuing annual general meeting and being eligible, offers herself for re-appointment.

The company has received declarations from all the Independent Directors of the company confirming that they meet the criteria of independence pursuant to section 149(6) of the Act.

BOARD EVALUATION

Pursuant to the provisions of the Companies Act, 2013 and provisions of Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has carried out an evaluation of its own performance, the Directors individually as well as the evaluation of the working of its Audit and Nomination cum Remuneration Committees. The manner in which the evaluation has been carried out has been explained in the Corporate Governance Report.

REMUNERATION POLICY

The Board has, framed a policy for selection and appointment of Directors, Senior Management and their remuneration. The Remuneration Policy to be followed as stated in the Corporate Governance Report.

MEETINGS

During the year eight Board Meetings and four Audit Committee Meetings were convened and held. The details of which are given in the Corporate Governance Report. The intervening gap between the Meetings was within the period prescribed under the Companies Act, 2013.

DIRECTOR'S RESPONSIBILITY STATEMENT:

The Board of Directors acknowledges the responsibility for ensuring compliance with the provisions of section 134(3)(c) read with section 134(5) of the Companies Act, 2013 in the preparation of the annual accounts for the year ended on March 31, 2020 and state that:

i. in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures, if any;
ii. the Directors 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 the financial year and of the profit of the Company for that period; iii. the Directors have 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;
iv. the Directors have prepared the annual accounts on a going concern basis;
v. the Directors have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively; and
vi. there is a proper system to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

AUDITORS' REPORT

Gupta Raj & Co, Chartered Accountants, (FRN. 001687N) Statutory Auditor were appointed in the 35th annual general meeting to hold office of Statutory Auditor of the Company up to the Annual General Meeting for the financial year 2021-22.

SECRETARIAL AUDIT

Pursuant provisions of section 204 of the Companies Act 2013 and The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 the company has appointed M/s V R Associates, Company Secretaries to undertake the Secretarial Audit of the Company. The Secretarial Audit report is annexed herewith as "Annexure A".

Our comments on the observations made in the Secretarial Audit Report are as under:

a. Internal Auditor appointment was made however due to some issues company is in search of another Internal Auditor and shall comply with this requirement soon. b. Company filed Compliance Certificate half yearly; however it is required to be filed Quarterly which will be taken care of.

EXTRACT OF ANNUAL RETURN

The details forming part of the extract of the Annual Return in form MGT-9 is annexed herewith as "Annexure B"

CORPORATE SOCIAL RESPONSIBILITY:

The company has been incurring losses during the last 3 years and hence the provisions of Corporate Social Responsibility as laid down in section 135 of the Act is not yet applicable to the company.

RELATED PARTY TRANSACTIONS

All related party transactions that were entered into during the financial year were on arm's length basis and were in the ordinary course of the business. There are no materially significant related party transactions made by the company with Promoters, Key Managerial Personnel or other designated persons which may have potential conflict with interest of the company at large. ("Annexure C"-AOC-2 )

CODE OF CONDUCT

The Board of Directors has approved a Code of Conduct which is applicable to the Members of the Board and all employees in the course of day to day business operations of the company. The Code has been placed on the Company's website www.ecominfotech.com. The Code lays down the standard procedure of business conduct which is expected to be followed by the Directors and the designated employees in their business dealings and in particular on matters relating to integrity in the work place, in business practices and in dealing with stakeholders. All the Board Members and the Senior Management personnel have confirmed compliance with the Code.

VIGIL MECHANISM / WHISTLE BLOWER POLICY

The Company is committed to the high standards of Corporate Governance and stakeholder responsibility. The Company has established a vigil mechanism to be known as the ‘Whistle Blower Policy' for its Directors and employees, to report instances of unethical behaviour, actual or suspected, fraud or violation of the Company's Code of Conduct. The aim of the policy is to provide adequate safeguards against victimization of whistle blower who avails of the mechanism and also provide direct access to the Chairman of the Audit Committee, in appropriate or exceptional cases.

Accordingly, ‘Whistle Blower Policy' has been formulated with a view to provide a mechanism for the Directors and employees of the Company to approach the Ethics Counselor or the Chairman of the Audit Committee of the Company. The purpose of this policy is to provide a framework to promote responsible and secure whistle blowing. It protects employees willing to raise a concern about serious irregularities within the Company.

PREVENTION OF INSIDER TRADING

The Company has adopted a Code of Conduct for Prevention of Insider Trading with a view to regulate trading in securities by the Directors and designated employees of the Company. The Code requires pre-clearance for dealing in the Company's shares and prohibits the purchase or sale of Company shares by the Directors and the designated employees while in possession of unpublished price sensitive information in relation to the Company and during the period when the Trading Window is closed. The Board is responsible for implementation of the Code. All Board Directors and the designated employees have confirmed compliance with the Code.

INFORMATION PURSUANT TO SECTION 134(3) OF THE COMPANIES ACT, 2013

The information required pursuant to Section 197 read with rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 in respect of employees of the Company, will be provided upon request. In terms of Section 136 of the Act, the reports and accounts are being sent to the members and others entitled thereto, excluding the information on employees' particulars which is available for inspection by the members at the Registered office of the company during business hours on working days of the company up to the date of ensuing Annual General Meeting. If any member is interested in inspecting the same, such member may write to the Company Secretary in advance.

The prescribed particulars of Conservation of Energy, Technology Absorption do not apply to your Company. There are no foreign exchange earnings & outgo during the year under report.

ACCOUNTS & AUDITOR'S REPORT

The observation made by the Auditors in their report has been duly Clarified / explained in the relevant notes forming part of the Annual Accounts which are self-explanatory.

REPORT ON CORPORATE GOVERNANCE

The Report on Corporate Governance is attached to this Report.

Disclosure under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

The Company has in place an Anti Sexual Harassment Policy in line with the requirements of the Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013. All employees (permanent, contractual, temporary, trainees) are covered under this policy .The company does not have the requisite number of employees for constitution of Internal Complaints Committee (ICC) under the said Act.

The following is a summary of sexual harassment complaints received and disposed off during the year 2019-20

No of complaints received: Nil
No of complaints disposed off. Nil

ACKNOWLEDGMENT:

The Board of Directors would like to extend their thankfulness to Banks employee, clients and Shareholders of the Company for their continued support besides government at all levels

For and on Behalf of the Board of Directors,
S/d S/d
MANAGING DIRECTOR DIRECTOR
ASHWIN CHAUDHARY PRIYA CHAUDHARY
(DIN: 00365164) (DIN: 00365261)

   

   

E.Com Infotech (India) Ltd Company Background

Ashwin K ChaudaryAshwin K Chaudary
Incorporation Year1983
Registered OfficeNew Link Road Madhuban Colony,D N Nagar Andheri West
Mumbai,Maharashtra-400053
Telephone,Managing Director
Fax
Company SecretaryAnkitkumar Rajendrakumar Shah
AuditorGupta Raj & Co
Face Value10
Market Lot1
ListingBSE,
RegistrarSharex Dynamic (India) Pvt Ltd
C-101 247 Park ,L B S Marg ,Vikhroli West ,Mumbai - 400083

E.Com Infotech (India) Ltd Company Management

Director NameDirector DesignationYear
Ashwin K Chaudary Chairman & Managing Director 2020
Priya A Chaudhary Director 2020
Pooja Joshi Independent Director 2020
Reena Shinde Independent Director 2020
Ankitkumar Rajendrakumar Shah Company Secretary 2020

E.Com Infotech (India) Ltd Listing Information

E.Com Infotech (India) Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Sales & Services NA 0000.7693

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