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Directors Report of Gold Rock Investments Ltd.

Mar 31, 2012

TO THE MEMBERS OF GOLD ROCK INVESTMENTS LIMITED

The Directors of your company presents the Annual Report and the Audited statement of Accounts for the year ended 31st March,2012.

OPERATION;

During the year your company has craned profit before taxation Rs.13,307,204/- The total profit carried forwarded to Balance Sheet is Rs,76,949,674/-

DIVIDEND:

In view of augment of resources, your Directors do not recommend any dividend for the year.

COMPLIANCE CERTIFICATE

The company has appointment M/s Taj & Associates as a company secretary in practice to issue compliance certificate as per section 383 A of the companies Act,1956 & Certificate obtained from the said company secre3tary is attached herewith.

DIRECTORS;

Mr.S.C.Aythora and Mr.Balkrishna Shriya retire at the ensuring Annual General Meeting and being eligible offers himself for re-appointments.

DIRECTORS RESPONSIBILITY STATEMENT:

The Directors confirm that, they had:

a. fallowed in the preparation of annual accounts, the applicable accounting standards and given proper explanation relating to material departure if any;

b. 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 or loss of the company for that period;

c. taken proper and sufficient care for the maintenance of adequate account records in accordance with the provisions of the Act, so as to safeguard the assets of the company and to prevent and detect fraud and other irregularities;

d. prepared the accounts on a going concern basis;

PARTICULARS OF EMPLOYEES;

The particulars of the employees as required under section 217(2A)of the companies Act,1956, read with the companies (particulars of employees) Rule 1975 is not applicable to the Company.

AUDITORS:

The present auditors M/s khandelwal jan & company chartered Accountants will be retiring at the ensuring Annual General Meeting and being eligible offer themselves for reappointment.

ENERGY CONSERVATION / TECHNOLOGY ABSORPTION / FOREIGN EXCHANGE EARNINGS AND OUTGO;

The company has no activities relating to conservation of energy or technology absorption during the period under review. The total Foreign Exchange earned during the current year was Rs,NIL.

By order of Board of Directors

For COLD ROCK INVESTMENTS LIMITED

S.C. Aythora G.L, Srivastava

Directors

Place: Mumbai

Date : 3rd September,2012


Mar 31, 2011

TO THE MEMBERS OF GOLD ROCK INVESTMENTS LIMITED

The Directors of your Company presents the Annual Report and the Audited Statement of Accounts for the year ended 31st March, 2011.

OPERATION:

During the year your Company has earned Profit before taxation Rs.10,426,482/-. The total profit carried forwarded to Balance Sheet is Rs. 68,065,510/-.

DIVIDEND:

In view of augment of resources, your Directors do not recommend any dividend for the year.

COMPLIANCE CERTIFICATE

The Company has appointed M/s Taj & Associates as a Company Secretary in practice to issue Compliance Certificate as per Section 383A of the Companies Act 1956 & Certificate obtained from the said Company Secretary is attached herewith.

DIRECTORS:

Mr. K. N. Kutty and Mr. G. L. Srivastava retire at the ensuing Annual General Meeting and being eligible, offers himself for re-appointment

DIRECTORS RESPONSIBILITY STATEMENT:

The Directors confirm that, they had:

a. followed in the preparation of annual accounts, the applicable accounting standards and given proper explanation relating to material departure if any;

b. selected such accounting policies and applied them consistently and made judgements 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 or loss of the company for that period;

c. taken proper and sufficient care for the maintenance of adequate account records in accordance with the provisions of the Act so as to safeguard the assets of the company and to prevent and detect fraud and other irregularities;

d. prepared the accounts on a going concern basis;

PARTICULARS OF EMPLOYEES:

The particulars of the employees as required under section 217(2A) of the Companies Act 1956, read with the Companies (particulars of employees) Rule, 1975 is not applicable to the Company.

AUDITORS:

The present auditors M/s. Khandelwal Jain & Company, Chartered Accountants, will be retiring at the ensuring Annual General Meeting and being eligible offer themselves for reappointment

ENERGY CONSERVATION / TECHNOLOGY ABSORPTION / FOREIGN EXCHANGE EARNINGS AND OUTGO:

The Company has no activities relating to conservation of energy or technology absorption during the period under review. The Total Foreign Exchange earned during the current year was Rs. NIL.



By order of Board of Directors

For COLD ROCK INVESTMENTS LIMITED

S. C Aythora G. L. Srivastava

Directors

Place : Mumbai

Date : 2nd September, 2011

 
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