Mar 31, 2014
The Members of
Kashyap Tele-Medicines Ltd.
(Formerly Known as Jindal Online.Com Limited) Mumbai.
The Directors take pleasure in presenting the 20th Annual Report of
your Company together with the Audited Accounts for the Financial Year
ended on 31st March, 2014.
FINANCIAL RESULT:
(Amount in Rs.)
Particulars 2013-2014 2012-2013
Revenue from operations 1200000 892478
Other Income 0 8400
Total Expenditure 980983 841189
Fin. Charges 0 0
Gross Op. Profit Before Depreciation,
Exceptional, Extraordinary Items
and Taxation but after Interest 219017 59689
Depreciation 15348 15348
Exceptional Items 0 (70000)
Profit before Extraordinary Items and Tax 219017 129689
Extraordinary Items 0 0
Profit (Loss) Before Tax 219017 129689
Tax Expense 0 0
Profit (Loss) for the period 219017 129689
Earning Per Share 0.005 0.003
OPERATION AND FUTURE OUTLOOK:
During the year under review, the Company''s total turnover was Rs.
12,00,000/- and Operating Profit was Rs. 2,19,017/- as against during the
previous year the same was Rs. 8,92,478 and Rs. 1,29,689 respectively. Your
Directors are quite confident to achieve better growth and
profitability during next year.
DIVIDEND:
In view of the inadequacy of Profit, your Board of Directors has not
recommended payment of Dividend for the year ended on 31st March, 2014.
PUBLIC DEPOSITS:
During the year, your Company has not accepted any deposits u/s 58A of
the Companies Act, 1956 from the Public.
DIRECTORS:
In accordance with the provisions of the Companies Act, 1956 and of the
Articles of Association of the Company, Dinesh Jain is liable to retire
by rotation at the forthcoming Annual General Meeting and being
eligible offered himself for re-appointment. The Board recommends his
re-appointment at the ensuing Annual General meeting.
AUDITORS:
At the ensuing Annual General Meeting M/s. Mehra Anil & Associates.,
Chartered Accountants, Ahmedabad, retires as Statutory Auditors and
have offered themselves to be reappointed as Statutory Auditors of the
Company to hold the office until the conclusion of the next Annual
General Meeting.
AUDITOR''S REPORT:
In the opinion of the Directors, the Notes to the Accounts are
self-explanatory and adequately explain the matters, which are dealt
with in the Auditors'' Report and therefore, need not require any
further comments under section 217 of the Companies Act, 1956.
AUDIT COMMITTEE:
Audit Committee has been constituted in terms of Listing agreement and
Section 292A of the Companies Act, 1956. Constitution and other details
of Audit Committee are given in "Report on Corporate Governance" in
this Annual Report.
PARTICULARS OF EMPLOYEE:
The Company has no employees whose salary exceeds the limits prescribed
u/s 217 (2A) of the Companies Act, 1956. Hence information required to
be given under the said section read with Companies (Particulars of
Employees) Rule, 1975 as amended has not been provided in this report.
PARTICULARS WITH RESPECT TO CONSERVATION OF ENERGY ETC.:
1. Conservation of Energy and Technology Absorption
Not applicable to the Company.
DIRECTORS RESPONSIBILITY STATEMENT:
In compliance of section 217(2AA) of Companies Act, 1956, your
directors confirm that:
(a) The Company has followed the applicable standards in the
preparation of the Annual Accounts and there had been no material
departure.
(b) Directors had selected the 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 the aforesaid period.
(c) The Directors have taken proper and sufficient care for maintenance
of adequate accounting records in accordance with the provisions of the
Companies Act, 1956 for safeguarding the assets of the Company and for
preventing and detecting fraud and other irregularities.
(d) The Directors have prepared the Annual Accounts on a going concern
basis.
MANAGEMENT DISCUSSION & ANALYSIS:
This Annual Report contains a separate section on the Management
Discussion and Analysis which forms part of the Directors'' Report.
CORPORATE GOVERNANCE:
Your company has followed norms with spirit of corporate governance in
terms of Listing agreement and statutory provisions.
A report on Corporate Governance as required under Clause 49 of this
Listing agreement is incorporated as a part of the Directors'' Report.
LISTING AGREEMENT:
The equity Shares of the Company are listed on Ahmedabad Stock Exchange
Ltd. (ASE), Ahmedabad and Bombay Stock Exchange Ltd. (BSE), Mumbai. The
Listing fees for both the Stock Exchange have been paid for the current
year.
CASH FLOW ANALYSIS:
In conformity with the provisions of Clause 32 of the Listing Agreement
the cash flow statement for the year 31.03.2014 is annexed hereto.
INDUSTRIAL RELATIONS:
During the year, your Company maintained harmonious and cordial
Industrial Relations.
ACKNOWLEDGEMENT:
Your Directors would like to express their grateful appreciation for
the continuous assistance from the financial institutions, Banks,
Government authorities, Customers, Vendors and Shareholders. Your
Directors also wish to place on record their deep sense of appreciation
for the committed and dedicated services of the Executives, staff and
workers of the company and other Business Associates for their
continued co-operation and patronage.
Registered Office: By order of the Board of Directors
2nd Floor, Pushpawati Building, For Kashyap Tele- Medicines Limited
Girgaon Road, Mumbai-400002.
Place :Ahmedabad Sd/-
Date : 29th May, 2014 Managing Director
Mar 31, 2013
To, The Members of Kashyap Tele-Medicines Ltd.
(Formerly Known as Jindal Online.Com Limited)
Mumbai.
The Directors take pleasure in presenting the 19th Annual Report of
your Company together with the Audited Accounts for the Financial Year
ended on 31st March, 2013.
FINANCIAL RESULT: (Amount in Rs.)
Particulars 2012-2013 2011-2012
Revenue from operations 892478 576000
Other Income 8400 292528
Total Expenditure 841189 473088
Fin. Charges 100 400
Gross Op. Profit Before
Depreciation, Exceptional,
Extraordinary Items and
Taxation but after Interest 825741 395040
Depreciation 15348 5348
Exceptional Items (70000) 70000
Profit before Extraordinary
Items and Tax 129689 309692
Extraordinary Items 0 0
Profit (Loss) Before Tax 129689 309692
Tax Expense 0 0
Profit (Loss) for the period 129689 309692
Earnings Per Share 0.003 0.006
OPERATION AND FUTURE OUTLOOK:
During the year under review, the Company''s total turnover was Rs.
892,478/- and Operating Profit was Rs. 129,689/- as against during the
previous year the same was Rs.576,000 and Rs.309,692 respectively. Your
Directors are quite confident to achieve better growth and
profitability during next year.
DIVIDEND:
In view of the inadequacy of Profit, your Board of Directors has not
recommended payment of Dividend for the year ended on 31sl March, 2013.
PUBLIC DEPOSITS:
During the year, your Company has not accepted any deposits u/s 58Aof
the Companies Act, 1956 from the Public.
DIRECTORS:
In accordance with the provisions of the Companies Act, 1956 and of the
Articles of Association of the Company, Sanjeev Agrawal is liable to
retire by rotation at the forthcoming Annual General Meeting and being
eligible offered himself for re-appointment. The Board recommends his
re-appointment at the ensuing Annual General meeting.
AUDITORS:
At the ensuing Annual General Meeting M/s. Mehra Anil & Associates.,
Chartered Accountants,
Ahmedabad, retires as Statutory Auditors and have offered themselves to
be reappointed as Statutory Auditors of the Company to hold the office
until the conclusion of the next Annual General Meeting.
AUDITOR''S REPORT:
In the opinion of the Directors, the Notes to the Accounts are
self-explanatory and adequately explain the matters, which are dealt
within the Auditors'' Report and therefore, need not require any
further comments under section 217 of the Companies Act, 1956.
AUDIT COMMITTEE:
Audit Committee has been constituted in terms of Listing agreement and
Section 292Aofthe Companies Act, 1956. Constitution and other details
of Audit Committee are given in "Report on Corporate Governance" in
this Annual Report.
PARTICULARS OF EMPLOYEE:
The Company has no employees whose salary exceeds the limits prescribed
u/s 217 (2A) of the Companies Act, 1956. Hence information required to
be given under the said section read with Companies (Particulars of
Employees) Rule, 1975 as amended has not been provided in this report.
In compliance of section 217(2AA) of Companies Act, 1956, your
directors confirm that: .
(a) The Company has followed the applicable standards in the
preparation of the Annual Accounts and there had been no material
departure.
(b) Directors had selected the 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 the aforesaid period.
(c) The Directors have taken proper and sufficient care for maintenance
of adequate accounting records in accordance with the provisions of the
Companies Act, 1956 for safeguarding the assets of the Company and for
preventing and detecting fraud and other irregularities.
(d) The Directors have prepared the Annual Accounts on a going concern
basis.
MANAGEMENT DISCUSSION & ANALYSIS:
This Annual Report contains a separate section on the Management
Discussion and Analysis which forms part of the Directors'' Report.
CORPORATE GOVERNANCE:
Your company has followed norms with spirit of corporate governance in
terms of Listing agreement and statutory provisions.
A report on Corporate Governance as required under Clause 49 of this
Listing agreement is incorporated as a part of the Directors'' Report.
LISTING AGREEMENT:
The equity Shares of the Company are listed on Ahmedabad Stock Exchange
Ltd. (ASE), Ahmedabad and Bombay Stock Exchange Ltd. (BSE), Mumbai. The
Listing fees for both the Stock Exchange have been paid for the current
year.
CASH FLOW ANALYSIS:
In conformity with the provisions of Clause 32 of the Listing Agreement
the cash flow statement for the year 31.03.2013 is annexed hereto.
INDUSTRIAL RELATIONS:
During the year, your Company maintained harmonious and cordial
Industrial Relations.
ACKNOWLEDGEMENT:
Your Directors would like to express their grateful appreciation for
the continuous assistance from the financial institutions, Banks,
Government authorities, Customers, Vendors and Shareholders. Your
Directors also wish to place on record their deep sense of appreciation
for the committed and dedicated services of the Executives, staff and
workers of the company and other Business Associates for their
continued co-operation and patronage.
Registered Office: By order of the Board of Directors
2nd Floor, Pushpawati Building, For Kashyap Tele- Medicines Limited
Girgaon Road,
Mumbai-400002.
Place: Ahmedabad Sd/-
Date: 30lh May, 2013 Managing Director
Mar 31, 2012
To, The Members of Kashyap Tele-Medicines Ltd.
(Formerly Known as Jindal Online.Com Limited) Mumbai
The Directors have a great pleasure in presenting the Seventeenth
Annual Report on the Business and Performance of your Company together
with the Audited Accounts for the Financial Year ended on 31st March,
2012.
FINANCIAL RESULT (Amount in Rs.)
Particulars 2011-2012 2010-2011
Revenue from operations 576000 720000
Other Income 292528 557135
Total Expenditure 473088 614106
Fin. Charges 400 0
Gross Op. Profit Before Depreciation,
Exceptional,
Extraordinary Items and Taxation
but after Interest 395040 663029
Depreciation 15348 15348
Exceptional Items 70000 0
Profit before Extraordinary
Items and Tax 309692 647681
Extraordinary Items 0 0
Profit (Loss ) Before Tax 309692 647681
Tax Expense 0 0
Profit (Loss) for the period 309692 647681
Earning Per Share 0.006 0.014
OPERATION AND FUTURE OUT LOOK:
During the year under review, the Company's total turnover was Rs.
576000/-and Operating Profit was Rs 395040/- respectively. Your
Directors are quite confident to achieve better growth and
profitability during next year.
DIVIDEND:
In view of the inadequacy of Profit, your Board of Directors has not
recommended Dividend for the year ended March,2012
PUBLIC DEPOSITS:
During the year, your Company has not accepted any deposits u/s 58 A of
the Companies Act, 1956 from the Public.
DIRECTORS:
In accordance with the provisions of the Companies Act, 1956 and of the
Articles of Association of the Company, Mr. Dinesh Jain is liable to
retire by rotation at the forthcoming Annual General Meeting and being
eligible offers himself for re-appointment.
RE-APPOINTMENT OF MANAGING DIRECTOR:
At the meeting of the Board of Directors of the Company held on 30th
September, 2011 Mr. Amit Agrawal, was re-appointed as a Managing
Director of the Company for a period of five years with effect from 1st
October, 2011.
However, the said re-appointment is subject to the approval of the
Members. The Board recommends his re- appointment as Managing Director
with effect from 1st October,2011
AUDITORS:
At the ensuing Annual General Meeting M/s. Mehra Anil & Associates.,
Chartered Accountants, Ahmedabad, retires as Statutory Auditors and
have offered themselves to be reappointed as Statutory Auditors of the
Company to hold the office until the conclusion of the next Annual
General Meeting.
AUDITOR'S REPORT:
In the opinion of the Directors, the Notes to the Accounts are
self-explanatory and adequately explain the matters, which are dealt
with in the Auditors' Report and, therefore, need not require any
further comments under section 217 of the Companies Act, 1956.
AUDIT COMMITTEE:
Audit Committee has been constituted in terms of Listing agreemenfcand
Section 292 A of the Companies Act, 1956. Constitution and other
details of audit committee are given in "Report on Corporate
Governance" in this Annual Report.
PARTICULARS OF EMPLOYEE:
The Company has no employees whose salary exceeds the limits prescribed
u/s 217 (2 A) of the Companies Act, 1956. Hence information required to
be given under the said section read with Companies (Particulars of
Employees) Rule, 1975 as amended has not been provided in this report.
PARTICULARS WITH RESPECT TO CONSERVATION OF ENERGY ETC.:
1. Conservation of Energy and Technology Absorption
Not applicable to the Company.
DIRECTORS RESPONSIBILITY STATEMENT:
In compliance of section 217(2AA) of Companies Act, 1956, your
directors confirm that:
(a) The Company has followed the applicable standards in the
preparation of the Annual Accounts and there had been no material
departure.
(b) Directors had selected the 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 the aforesaid period.
(c) The Directors have taken proper and sufficient care for maintenance
of adequate accounting records in accordance with the provisions of the
Companies Act, 1956 for safeguarding the assets of the Company and for
preventing and detecting fraud and other irregularities.
(d) The Directors have prepared the Annual Accounts on a going concern
basis.
MANAGEMENT DISCUSSION & ANALYSIS:
This Annual Report contains a separate section on the Management
Discussion and Analysis which forms part of the Directors' Report.
CORPORATE GOVERNANCE:
Your Company is committed to the tenets of good corporate governance
and has taken adequate steps to ensure the requirement of Corporate
Governance as laid down in clause 49 of the listing Agreement are
complied with. The philosophy of the Company on Corporate Governance is
to ensure the long term interest of the Shareholders, creation of
transparency, maintaining management ethics and developing good
corporate culture.
A report on Corporate Governance as required under Clause 49 of this
Listing agreement is incorporated as a part of the Directors' Report.
LISTING AGREEMENT:
The equity Shares of the Company are listed on Ahmedabad Stock Exchange
Ltd. (ASE), Ahmedabad and Bombay Stock Exchange Ltd. (BSE), Mumbai. The
Listing fees for both the Stock Exchange have been paid for the current
year.
CASH FLOW ANALYSIS:
In conformity with the provisions of Clause 32 of the Listing Agreement
the cash flow statement for the year 31.03.2012 is annexed hereto.
INDUSTRIAL RELATIONS:
During the year, your Company maintained harmonious and cordial
Industrial Relations.
ACKNOWLEDGEMENT:
The Board expresses its gratitude and appreciates the efforts of the
Companies employees for their continued cooperation and unstinted
support extended to the Company. The Board also express their
appreciations for the continous assistance and co-operation from the
financial institutions, Banks, Government authorities, Customers,
Vendors and Shareholders and other Business Associates at all levels to
the successful operation of the Company during the year under review.
Registered Office : By Order of the Board of Directors
2nd Floor, Pushpawati Building, For, Kashyap Tele-Medicines Limited
Girgaon Road, Mumbai-400002.
Place : Mumbai Sd/-
Date : 30th May, 2012 Managing Director
Mar 31, 2011
To,
The Members of
Kashyap Tele-Medicines Ltd.
(Formerly Known as Jindal Online.Com Limited)
Mumbai
The Directors have a great pleasure in presenting the Seventeenth
Annual Report on the Business and Performance of your Company alongwith
the Audited Accounts for the Financial Year ended on 31st March, 2011.
FINANCIAL RESULT: (Rs. In Lacs)
Particulars 2010-2011 2009-2010
Net Sales/Income from operation and Other
Income 7.20 5.04
Total Expenditure 6.29 4.54
Fin. Charges 0.00 0.01
Gross Op. Profit Before Depreciation and
Taxation but after Interest 6.63 0.74
Depreciation 0.15 0.15
Profit (Loss ) Before Tax 6.48 0.59
Net Profit/(Loss) after prior period
Adjustments 6.48 0.59
Amount available for Appropriation 6.48 0.59
Balance carried to Balance Sheet (272.62) (279.10)
OPERATION AND FUTURE OUT LOOK:
During the year under review, the Company's total turnover was Rs. 7.20
Lacs and Operating Profit was Rs. 6.63 Lacs respectively as against
during the previous year the same was Rs. 5.04 Lacs and operating
profit was Rs. 0.74 Lacs. Your Directors are quite confident to achieve
better growth and profitability during next year.
DIVIDEND:
In view of the inadequacy of Profit, your Board of Directors has not
recommended Dividend for the year ended March,2011
PUBLIC DEPOSITS:
During the year, your Company has not accepted any deposits u/s 58A of
the Companies Act, 1956 from the Public.
DIRECTORS:
In accordance with the provisions of the Companies Act, 1956 and of the
Articles of Association of the Company, Mr. Sanjeev Agrawal is liable
to retire by rotation at the forthcoming Annual General Meeting and
being eligible offers himself for re-appointment.
AUDITORS:
At the ensuing Annual General Meeting M/s. Mehra Anil & Associates.,
Chartered Accountants, Ahmedabad, retires as Statutory Auditors and
have offered themselves to be reappointed as Statutory Auditors of the
Company to hold the office until the conclusion of the next Annual
General Meeting.
AUDITOR'S REPORT:
In the opinion of the Directors, the Notes to the Accounts are
self-explanatory and adequately explain the matters, which are dealt
with in the Auditors' Report and, therefore, need not require any
further comments under section 217 of the Companies Act, 1956.
AUDIT COMMITTEE:
Audit Committee has been constituted in terms of Listing agreement and
Section 292A of the Companies Act, 1956. Constitution and other details
of audit committee are given in "Report on corporate governance" in
this annual report.
PARTICULARS OF EMPLOYEE:
The Company has no employees whose salary exceeds the limits prescribed
u/s 217 (2 A) of the Companies Act, 1956. Hence information required to
be given under the said section read with Companies (Particulars of
Employees) Rule, 1975 as amended has not been provided in this report.
PARTICULARS WITH RESPECT TO CONSERVATION OF ENERGY ETC.:
1. Conservation of Energy and Technology Absorption
Not applicable to the Company.
2. Foreign Exchange earning & Outgo:
a) Activities relating to exports: Nil.
b) Foreign Exchange Earnings and Outgo.
(Amt. In Rs.)
2010-2011 2009-2010
(i) Earnings NIL NIL
(ii) Outgo NIL NIL
DIRECTORS RESPONSIBILITY STATEMENT:
In compliance of section 217(2AA) of Companies Act, 1956, your
directors confirm that:
(a) The Company has followed the applicable standards in the
preparation of the Annual Accounts and there had been no material
departure.
(b) Directors had selected the 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 the aforesaid period.
(c) The Directors have taken proper and sufficient care for maintenance
of adequate accounting records in accordance with the provisions of the
Companies Act, 1956 for safeguarding the assets of the Company and for
preventing and detecting fraud and other irregularities.
(d) The Directors have prepared the Annual Accounts on a going concern
basis.
MANAGEMENT DISCUSSION & ANALYSIS:
This Annual Report contains a separate section on the Management
Discussion and Analysis which forms part of the Directors' Report.
CORPORATE GOVERNANCE:
Your Company is committed to the tenets of good corporate governance
and has taken adequate steps to ensure the requirement of Corporate
Governance as laid down in clause 49 of the listing Agreement are
complied with. The philosophy of the Company on Corporate Governance is
to ensure the long term interest of the Shareholders, creation of
transparency, maintaining management ethics and developing good
corporate culture.
A report on Corporate Governance as required under Clause 49 of this
Listing agreement is incorporated as a part of the Directors' Report.
LISTING AGREEMENT:
The equity Shares of the Company are listed on Ahmedabad Stock Exchange
Ltd. (ASE) Ahmedabad and Bombay Stock Exchange Ltd. (BSE), Mumbai. The
Listing fees for both the Stock Exchange have been paid for the current
year.
CASH FLOW ANALYSIS:
In conformity with the provisions of Clause 32 of the Listing Agreement
the cash flow statement for the year 31.03.2011 is annexed hereto.
INDUSTRIAL RELATIONS:
During the year, your Company maintained harmonious and cordial
Industrial Relations.
ACKNOWLEDGEMENT:
The Board expresses its gratitude and appreciates the efforts of the
Companies employees for their continued cooperation and unstinted
support extended to the Company. The Board also express their
appreciations for the continous assistance and co-operation from the
financial institutions, Banks, Government authorities, Customers,
Vendors and Shareholders and other Business Associates at all levels to
the successful operation of the Company during the year under review.
By Order of the Board of Directors
For Kashyap Tele-Medicines Limited
Registered Office :
2nd Floor, Pushpawati Building,
Girgaon Road, Mumbai-400002.
Place: Ahmedabad Sd/-
Date : 30th May, 2011 Managing Director
Mar 31, 2010
The Directors have a great pleasure in presenting the Sixteenth Annual
Report along with the Audited Statement of Accounts for the Financial
Year ended on 31st March, 2010.
FINANCIAL RESULT:
(Rs. In Lacs)
Particulars 2009-2010 2008-2009
Net Sales/Income from
operation and Other Income 5.04 5.02
Total Expenditure 4.54 2.72
Fin. Charges 0.01 0.004
Gross Op. Profit Before
Depreciation and Taxation but
after Interest 0.74 2.3
Depreciation 0.15 0.15
Profit (Loss) Before Tax 0.59 2.15
Net Profit/(Loss) after prior
period Adjustments 0.59 2.15
Amount available for Appropriation 0.59 2.15
Balance carried to Balance Sheet (279.10) (279.69)
OPERATION AND FUTURE OUT LOOK:
During the year under review, the Companys total turnover was Rs. 5.04
Lacs and Operating Profit was Rs. 0.74 Lacs respectively as against
during the previous year the same was Rs. 5.02 Lacs and Rs. 2.3 Lacs.
Your Directors are quite confident to achieve better growth and
profitability during next year.
DIVIDEND:
In view of the decrease in the profit, your Directors regret their
inability to recommend any Dividend for the year under review.
PUBLIC DEPOSITS:
During the year, your Company has not accepted any deposits u/s 58 A of
the Companies Act, 1956 from the Public.
DIRECTORS:
In accordance with the provisions of the Companies Act, 1956 and of the
Articles of Association of the Company, Mr. Dinesh Jain is liable to
retire by rotation at the forthcoming Annual General Meeting and being
eligible offers himself for re-appointment.
AUDITORS:
At the ensuing Annual General Meeting M/s. Mehra Anil & Associates.,
Chartered Accountants,
Ahmedabad, retires as Statutory Auditors and have offered themselves to
be reappointed as Statutory Auditors of the Company to hold the office
until the conclusion of the next Annual General Meeting.
AUDITORS REPORT:
In the opinion of the Directors, the Notes to the Accounts are
self-explanatory and adequately explain the matters, which are dealt
with in the Auditors Report and, therefore, need not require any
further comments under section 217 of the Companies Act, 1956.
AUDIT COMMITTEE:
Audit Committee has been constituted in terms of Listing Agreement and
Section 292 A of the Companies Act, 1956. Constitution and other
details of audit committee are given in "Report on corporate
governance" in this annual report.
PARTICULARS OF EMPLOYEE:
The Company has no employees whose salary exceeds the limits prescribed
u/s 217 (2A) of the Companies Act, 1956. Hence information required to
be given under the said section read with Companies (Particulars of
Employees) Rule, 1975 as amended has not been provided in this report.
PARTICULARS WITH RESPECT TO CONSERVATION OF ENERGY ETC.:
1. Conservation of Energy and Technology Absorption
Not applicable to the Company.
2. Foreign Exchange earning & Outgo:
a) Activities relating to exports: Nil.
b) Foreign Exchange Earnings and Outgo.
In Rs.
2009-2010 2008-2009
(i) Earnings NIL NIL
(ii) Outgo NIL NIL
DIRECTORS RESPONSIBILITY STATEMENT:
In compliance of section 217(2AA) of Companies Act, 1956, your
directors confirm that:
(a) The Company has followed the applicable standards in the
preparation of the Annual Accounts and there had been no material
departure.
(b) Directors had selected the 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 the aforesaid period.
(c) The Directors have taken proper and sufficient care for maintenance
of adequate accounting records in accordance with the provisions of the
Companies Act, 1956 for safeguarding the assets of the Company and for
preventing and detecting fraud and other irregularities.
(d) The Directors have prepared the Annual Accounts on a going concern
basis.
MANAGEMENT DISCUSSION & ANALYSIS:
This Annual Report contains a separate section on the Management
Discussion and Analysis which forms a part of the Directors Report.
CORPORATE GOVERNANCE:
Your Company is committed to the tenets of good corporate governance
and has taken adequate steps to ensure the requirement of Corporate
Governance as laid down in clause 49 of the listing Agreement are
complied with. The philosophy of the Company on Corporate Governance is
to ensure the long term interest of the Shareholders, creation of
transparency, maintaining management ethics and developing good
corporate culture.
A report on Corporate Governance as required under Clause 49 of this
Listing agreement is incorporated as a part of the Directors Report.
LISTING AGREEMENT:
The equity Shares of the Company are listed on Ahmedabad Stock Exchange
Ltd. (ASE) and Bombay Stock Exchange Ltd (BSE), Mumbai. The Listing
fees for both the Stock Exchange have been paid for the current year.
CASH FLOW ANALYSIS:
In conformity with the provisions of Clause 32 of the Listing Agreement
the cash flow statement for the year 31.03.2010 is annexed hereto.
INDUSTRIAL RELATIONS:
During the year, your Company maintained harmonious and cordial
Industrial Relations.
ACKNOWLEDGEMENT:
The Board expresses its gratitude and appreciates the efforts of the
Companies employees for their continued cooperation and unstinted
support extended to the Company. The Board also express their
appreciations for the continues assistance and co-operation from the
financial institutions, Banks, Government authorities, Customers,
Vendors and Shareholders and other Business Associates at all levels to
the successful operation of the Company during the year under review.
Registered Office : By Order of the Board of Directors
2nd Floor, Pushpawati Building, For Kashyap Tele-Medicines Limited
Girgaon Road, Mumbai-400002.
Sd/-
Place: Ahmedabad Managing Director
Date : 30th May, 2010
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