Mar 31, 2014
Dear members,
The Directors have pleasure in submitting the Thirty-Third Annual
Report on the business and operation of the Company along with the
Audited Accounts for the financial year ended 31st March, 2014.
Financial Result
The performance of the Company for the financial year ended 31st March,
2014 is summarized below:
Sr. Particulars Current Year Previous Year
No. (Rs) (Rs)
a. Total Income 10,26,931 10,32,799
b. Total Expenditure 10,17,203 10,04,059
c. Profit before
depreciation &
amortization 9,7281 9,335
d. Depreciation &
Amortization 6,327 7,725
e. Profit before Taxes 3,4011 1,610
f. Tax Expenses including
Deferred Tax 889 5,179
g. Profit after Taxes 2,512 6,431
h. Add : Balance brought
forward from previous year 4,93,702 4,87,271
i.Amount available for
appropriation 4,96,214 4,93,702
j.Proposed Dividend
(Including tax) on
Equity Shares Nil Nil
k.Net Balance carried to
Profit & Loss Account 4,96,214 4,93,702
Dividend
In order to conserve the resources for future, your Directors do not
recommend any dividend.
Operating Result and Profit
The Company has an income aggregating Rs 10.27 Lacs as against Rs10.33
Lacs in previous year. The Profit before taxes in the current year is
Rs0.03 Lacs as against Rs 0.12 Lacs in the previous year and Profit
after taxes are Rs 0.025 Lacs as against Profit aftertax of Rs 0.06 Lacs
in the in the previous year.
Future Outlook
The Company''s plans for securing the growth is under way and
appropriate action will be taken in future at appropriate time for
future development.
Directors
In pursuant to the provisions of the Companies Act, 1956 and the
Articles of Associations of the Company, Mr. Nitin Kedia retires by
rotation and being eligible, offer himself for re-appointment.
Name Designation Gross Qualification Age & Date of
Remuneration Experience Commencement of
(Years) Employment
Mr. Nitin Director Nil B.E. 54/30 N.A.
Kedia
Fixed Deposit
During the year under review, the Company has not raised any funds by
way of fixed deposits and as such, no amount of principal or interest
was outstanding as of the balance sheet date.
Internal Audit System
The Company''s has in house Internal Audit department commensurate with
its nature and size of the Company. Internal Control System and Its
Adequacy
The Company has a proper and adequate internal control system for all
its activities including safeguarding and protecting its assets
against any loss from its unauthorized use of disposition. All
transaction are properly documented, authorized, recorded and reported
correctly. The Company has well defined Management Reports on key
performance indicators. The systems are reviewed continuously and its
improvement and effectiveness is enhanced based on the reports from
various fields.
Particulars of Employees
In terms of the provisions of Section 217(2A) of the Companies Act, 1956
and the Companies (Particulars of Employee) Rules, the employees
required are not given as none of the employee is covered under the
said provisions of the Act.
Conservation Of Energy and Technology Absorption and Foreign Exchange
Earning & Outgo
The Company has taken all possible measures for the conservation of
energy by undertaking required steps. The information regarding the
foreign exchange earnings and outgo is not applicable hence there is
no such transactions.
Auditor''s Report
There are no qualifications in the report of the statutory auditors for
the year 2013-14.
Code of Conduct
In terms of requirement of Clause 49 of the Listing Agreement, the
Company has received certificate from all its Senior Management
personnel and Members of the Board about the compliance of Code of
Conduct as laid down by the Board.
Sexual Harassment of Women at Workplace
There were no cases of sexual harassment filed during the year under
review, in terms of the provision of the Sexual Harassment of Women at
Workplace (Prevention, Prohibition and Redressal)Act, 2013.
Management Discussion and Analysis and Corporate Governance Report
In compliance with clause 49 of the Listing Agreement entered in with
the Stock Exchanges, a separate section on Management Discussion and
Analysis that includes details on the state of affairs of the Company
as required to be disclosed in the Directors Report forms part of this
Annual Report. Further, the Corporate Governance Report, as approved
by the Board of Directors, together with a certificate from the
Statutory Auditors confirming the compliance with requirements of
Clause 49 of the Listing Agreement also forms part of Annual Report.
Directors'' Responsibility Statement
Pursuant to Section 217(2AA) of the Companies Act, 1956 with respect to
Directors'' Responsibility, It is hereby confirmed that:
(i) In presentation of the Annual Accounts, the applicable Accounting
Standards have been followed with proper explanation relating to
material departure.
(ii) The accounting policies have been consistently applied and
reasonable, prudent judgment and estimates are made so as to give true
and fair view of the state of affairs of your Company as at 31st March
2014.
(iii) The proper and sufficient care has been taken for the
maintenance of adequate accounting records in accordance with the
provision of the Companies Act, 1956 for safeguarding the assets of
your Company and for preventing and detecting frauds and other
irregularities.
(iv) That the annual accounts of your Company have been prepared on
going concern basis.
Statutory Auditors
M/s. Jajodia and Company, Chartered Accountants, Auditor of the
Company, holds office until the conclusion of the ensuing Annual
General Meeting and is recommended for re-appointment and to fix their
remuneration. Certificate from the Auditors has been received to the
effect that their re-appointment, if made, would be within the limits
prescribed under section 224(1B) of the Companies Act, 1956.
Acknowledgements
The Directors wish to convey their appreciation to all the Company
employees for their enormous personal efforts as well as their
collective contribution to Company''s record performance.
The Directors would also like to thank Shareholders, Customers, Dealers,
Suppliers, Bankers, Financial Institutions, Government Authorities and
all Other Business Associates for the continued support given by them to
the Company and their confidence in the Management.
By Order of the Board of Directors
Vijay P. Khowala
Mumbai, the 30th day of May, 2014 Wholetime Director
Mar 31, 2013
To, The Members,
The Directors have pleasure in submitting the Thirty-Second Annual
Report on the business and operation of the Company along with the
Audited Accounts for the financial year ended 31st March, 2013.
Financial Result
The performance of the Company for the financial year ended 31st March,
2013 is summarized below:
Sr. Current
Year Previous
Year
No. PartlCulars
a. Total Income 10,32,799 9,52,797
b. Total Expenditure 10,04,059 8,47,318
c. Profit before depreciation &
amortization 19,335 1,05,479
d. Profit before Taxes 11,610 96,047
e. Tax Expenses including Deferred Tax 5,179 29,681
f. Profit after Taxes 6,431 66,366
g. Add : Balance brought forward
from previous year 4,87,271 4,20,905
h. Amount available for appropriation 4,93,702 4,87,271
i. Proposed Dividend (Including tax) on
Equity Shares Nil Nil
K. Net Balance carried to Profit & Loss
Account 4,93,702 4,87,271
Dividend
In orderto conserve the resources forfuture, your Directors do
notrecommend any dividend.
Operating Result and Profit
The Company has an income aggregating ? 10.33 Lacs as against ? 9.53
Lacs in previous year. The Profit before taxes in the current year is ?
0.12 Lacs as against ? 0.96 Lacs in the previous year and profit after
taxes are ? 0.06 Lacs as against ? 0.66 Lacs in the in the previous
year.
Future Outlook
The Company''s plans for securing the growth is under way and
appropriate action will be taken in future at appropriate time
forfuture development.
Fixed Deposit
During the year under review, the Company has not raised any funds by
way of fixed deposits and as such, no amount of principal or interest
was outstanding as ofthe balance sheetdate.
Internal Audit System
The Company''s has in house Internal Audit department commensurate with
its nature and size ofthe Company.
Internal Control System and Its Adequacy
The Company has a proper and adequate internal control system for all
its activities including safeguarding and protecting its assets against
any loss from its unauthorized use of disposition. All transaction are
properly documented, authorized, recorded and reported correctly. The
Company has well defined Management Reports on key performance
indicators. The systems are reviewed continuously and its improvement
and effectiveness is enhanced based on the reports from various fields.
Particulars of Employees
In terms of the provisions of Section 217(2A) of the Companies Act,
1956 and the Companies (Particulars of Employee) Rules, 1975, names and
other particulars ofthe employees required are not given as none ofthe
employee is covered underthe said provisions of the Act.
Conservation Of Energy and Tech nology Absorption and Foreign Exchange
Earning & Outgo
The Company has taken all possible measures for the conservation of
energy by undertaking required steps. The information regarding the
foreign exchange earnings and outgo is not applicable hence there is no
such transactions.
Auditor''s Report
There arenoqualifications inthe report ofthe statutory auditors for the
year 2012-13.
CodeofConduct
In terms of requirement of Clause 49 of the Listing Agreement, the
Company has received certificate from all its Senior Management
personnel and Members of the Board about the compliance of Code of
Conduct as laid down by the Board.
ManagementDiscussion andAnalysis and CorporateGovernanceReport
In compliance with clause 49 of the Listing Agreement entered in with
the Stock Exchanges, a separate section on Management Discussion
andAnalysis that includes details on the state of affairs of the
Company as required to be disclosed in the Directors Report forms part
of this Annual Report. Further, the Corporate Governance Report, as
approved by the Board of Directors, together with a certificate from
the StatutoryAuditors confirming the compliance with requirementsof
Clause 49 ofthe ListingAgreement also forms part ofAnnual Report.
Directors'' Responsibility Statement
Pursuant to Section 217(2AA) of the Companies Act, 1956 with respect to
Directors'' Responsibility, It is hereby confirmed that:
(i) In presentation of the Annual Accounts, the applicable Accounting
Standards have been followed with proper explanation relatingtomaterial
departure.
(ii) The accounting policies have been consistently applied and
reasonable, prudent judgment and estimates are madeso as togive true
and fair viewofthe stateofaffairsof your Company asat31st March 2013.
(iii) The proper and sufficient care has been taken for the maintenance
of adequate accounting records in accordance with the provision of the
Companies Act, 1956 for safeguarding the assets of your Company and for
preventing and detecting frauds and other irregularities.
(iv) That the annual accountsof your Company have been preparedongoing
concern basis.
StatutoryAuditors
M/s. Jajodia and Company, Chartered Accountants, Auditor of the
Company, holds office until the conclusion of the ensuing Annual
General Meeting and is recommended for re-appointment and to fix their
remuneration. Certificate from the Auditors has been received to the
effect that their re-appointment, if made, would be within the limits
prescribed under section 224(1B)of the CompaniesAct, 1956.
Acknowledgements
The Directors wish to convey their appreciation to all the Company
employees for their enormous personal efforts aswellastheir collective
contributionto Company''s record performance.
The Directors would also like to thank Shareholders, Customers,
Dealers, Suppliers, Bankers, Financial Institutions, Government
Authorities and all Other Business Associates for the continued support
given by them to the Company and their confidencein the Management.
By Order of the Board of Directors
Vijay P. Khowala
Mumbai,the30th day of May,2013
Wholetime Director
Mar 31, 2012
The Directors have pleasure in submitting the Thirty-First Ninth
Annual Report on the business and operation of the Company along with
the Audited Accounts for the financial year ended 31st March, 2012.
Financial Result
The performance of the Company for the financial year ended 31st March,
2012 is summarized below:
Sl. Particulars Current Year Previous Year
No. (Rs.) (Rs.)
a. Total Income 9,52,797 13,39,126
b. Total Expenditure 8,47,318 12,18,713
c. Profit before depreciation
& amortization 1,05,479 1,20,413
d. Profit before Taxes 96,047 1,08,896
e. Tax Expenses including
Deferred Tax 29,681 30,379
f. Profit after Taxes 66,366 78,517
g. Add : Balance brought forward
from previous year 4,20,905 3,42,388
h. Amount available for
appropriation 4,87,271 4,20,905
i. Proposed Dividend (Including
tax) on Equity Shares Nil Nil
k. Net Balance carried to Profit
& Loss Account 4,87,271 4,20,905
Dividend
In order to conserve the resources for future, your Directors do not
recommend any dividend.
Operating Result and Profit
The Company has an income aggregating Rs. 9.53 Lacs as against Rs.
13.39 Lacs in previous year. The Profit before taxes in the current
year is Rs. 0.96 Lacs as against Rs. 1.09 Lacs in the previous year and
profit after taxes are Rs. 0.66 Lacs as against Rs. 0.79 Lacs in the
previous year.
Future Outlook
The Company's plans for securing the growth are under way and
appropriate action will be taken in future at appropriate time for
future development.
Fixed Deposit
During the year under review, the Company has not raised any funds by
way of fixed deposits and as such, no amount of principal or interest
was outstanding as of the balance sheet date.
Internal Audit System
The Company's has in house Internal Audit department commensurate with
its nature and size of the Company.
Internal Control System and Its Adequacy
The Company has a proper and adequate internal control system for all
its activities including safeguarding and protecting its assets against
any loss from its unauthorized use of disposition. All transaction are
properly documented, authorized, recorded and reported correctly. The
Company has well defined Management Reports on key performance
indicators. The systems are reviewed continuously and its improvement
and effectiveness is enhanced based on the reports from various fields.
Particulars of Employees
In terms of the provisions of Section 217(2A) of the Companies Act,
1956 and the Companies (Particulars of Employee) Rules, 1975, names and
other particulars of the employees required are not given as none of
the employee is covered under the said provisions of the Act.
Conservation Of Energy and Technology Absorption and Foreign Exchange
Earning & Outgo
The Company has taken all possible measures for the conservation of
energy by undertaking required steps. The Information regarding the
foreign exchange earnings and outgo is not applicable hence there is no
such transactions.
Auditor's Report
There are no qualifications in the report of the statutory auditors for
the year 2011-12.
Code of Conduct
In terms of requirement of Clause 49 of the Listing Agreement, the
Company has received certificate from all its Senior Management
personnel and Members of the Board about the compliance of Code of
Conduct as laid down by the Board.
Management Discussion and Analysis and Corporate Governance Report
In compliance with clause 49 of the Listing Agreement entered in with
the Stock Exchanges, a separate section on Management Discussion and
Analysis that includes details on the state of affairs of the Company
as required to be disclosed in the Directors Report forms part of this
Annual Report. Further, the Corporate Governance Report, as approved by
the Board of Directors, together with a certificate from the Statutory
Auditors confirming the compliance with requirements of Clause 49 of
the Listing Agreement also forms part of Annual Report.
Directors' Responsibility Statement
Pursuant to Section 217(2AA) of the Companies Act, 1956 with respect to
Directors' Responsibility, It is hereby confirmed that:
(i) In presentation of the Annual Accounts, the applicable Accounting
Standards have been followed with proper explanation relating to
material departure.
(ii) The accounting policies have been consistently applied and
reasonable, prudent judgment and estimates are made so as to give true
and fair view of the state of affairs of your Company as at 31st March
2012.
(iii) The proper and sufficient care has been taken for the maintenance
of adequate accounting records in accordance with the provision of the
Companies Act, 1956 for safeguarding the assets of your Company and for
preventing and detecting frauds and other irregularities.
(iv) That the annual accounts of your Company have been prepared on
going concern basis.
Statutory Auditors
M/s. Jajodia and Company, Chartered Accountants, Auditor of the
Company, holds office until the conclusion of the ensuing Annual
General Meeting and is recommended for re-appointment and to fix their
remuneration. Certificate from the Auditors has been received to the
effect that their re-appointment, if made, would be within the limits
prescribed under section 224(1B) of the Companies Act, 1956.
Acknowledgements
The Directors wish to convey their appreciation to all the Company
employees for their enormous personal efforts as well as their
collective contribution to Company's record performance.
The Directors would also like to thank Shareholders, Customers,
Dealers, Suppliers, Bankers, Financial Institutions, Government
Authorities and all Other Business Associates for the continued support
given by them to the Company and their confidence in the Management.
By Order of the Board of Directors
Vijay Khowala
Wholetime Director
Mumbai, the 30th day of May,2012
Mar 31, 2011
The Members,
The Directors have pleasure in submitting the Thirtieth Annual Report
on the business and operation of the Company along with the Audited
Accounts for the financial year ended 31st March, 2011.
Financial Result
The performance of the Company for the financial year ended 31st March,
2011 is summarized below:
Sr. Rupees
No. Particulars Current Previous
Year Year
a. Total Income 1,339,126 723,342
b. Total Expenditure 1,218,713 554,324
c. Profit before depreciation 120,413 169,018
d. Profit before Taxes 108,896 154,956
e. Tax Expenses including
Deferred Tax 30,379 47,759
f. Profit after Taxes 78,517 107,197
g. Add : Balance brought
forward from previous year 342,388 235,191
h. Amount available for
appropriation 420,905 342,388
i. Proposed Dividend
(Including tax) on Equity
Shares Nil Nil
k. Net Balance carried to Profit
& Loss Account 420,905 342,388
Dividend
In order to conserve the resources for future, your Directors do not
recommend any dividend.
Operating Result and Profit
The Company has an income aggregating Rs. 13.39 Lacs as against Rs.
7.23 Lacs in previous year. The Profit before taxes in the current year
is Rs. 1.09 Lacs as against Rs. 1 55 Lacs in the previous year and
profit after taxes are Rs. 0.78 Lacs as against Rs. 1.07 Lacs in the in
the previous year.
Future Outlook
The Company has acquired the 36% stake in construction firm as a
partner and thereby entered into the field of infrastructure projects
in construction through its associates and hence optimistic to achieve
better result in the future.
Fixed Deposit
During the year under review, the Company has not raised any funds by
way of fixed deposits and as such, no amount of principal or interest
was outstanding as of the balance sheet date.
Internal Audit System
The Company's has in house Internal Audit department commensurate with
its nature and size of the Company.
Internal Control System and Its Adequacy
The Company has a proper and adequate internal control system for all
its activities including safeguarding and protecting its assets against
any loss from its unauthorized use of disposition. All transaction are
properly documented, authorized, recorded and reported correctly. The
Company has well defined Management Reports on key performance
indicators. The systems are reviewed continuously and its improvement
and effectiveness is enhanced based on the reports from various fields.
Particulars of Employees
In terms of the provisions of Section 217(2A) of the Companies Act,
1956 and the Companies (Particulars of Employee) Rules, 1975, names and
other particulars of the employees required are not given as none of
the employee is covered under the said provisions of the Act.
Conservation Of Energy and Technology Absorption and Foreign Exchange
Earning & Outgo
The Company has taken all possible measures for the conservation of
energy by undertaking required steps. The information regarding the
foreign exchange earnings and outgo is not applicable hence there is no
such transactions.
Auditor's Report
There are no qualifications in the report of the statutory auditors for
the year 2010-11.
Code of Conduct
In terms of requirement of Clause 49 of the Listing Agreement, the
Company has received certificate from all its Senior Management
personnel and Members of the Board about the compliance of Code of
Conduct as laid down by the Board.
Corporate Governance
Pursuant to Clause 49 of the Listing agreements with the stock
exchanges, a Management's Discussion and Analysis, Corporate Governance
Report and Auditor's Certificate regarding compliance with conditions
of Corporate Governance form a part of the Director's Report.
Directors' Responsibility Statement
Pursuant to Section 217(2AA) of the Companies Act, 1956 with respect to
Directors' Responsibility, It is hereby confirmed that:
(i) In presentation of the Annual Accounts, the applicable Accounting
Standards have been followed with proper explanation relating to
material departure.
(ii) The accounting policies have been consistently applied and
reasonable, prudent judgment and estimates are made so as to give true
and fair view of the state of affairs of your Company as at 31st March
2011.
(iii) The proper and sufficient care has been taken for the maintenance
of adequate accounting records in accordance with the provision of the
Companies Act, 1956 for safeguarding the assets of your Company and for
preventing and detecting frauds and other irregularities.
(iv) That the annual accounts of your Company have been prepared on
going concern basis.
Auditors
M/s. Jajodia and Company, Chartered Accountants, Auditor of the
Company, holds office until the conclusion of the ensuing Annual
General Meeting and is recommended for re-appointment and to fix their
remuneration. Certificate from the Auditors has been received to the
effect that their re-appointment, if made, would be within the limits
prescribed under section 224(1B) of the Companies Act, 1956.
Acknowledgements
The Directors wish to convey their appreciation to all the Company
employees for their enormous personal efforts as well as their
collective contribution to Company's record performance.
The Directors would also like to thank Shareholders, Customers,
Dealers, Suppliers, Bankers, Financial Institutions, Government
Authorities and all Other Business Associates for the continued support
given by them to the Company and their confidence in the Management.
By Order of the Board of Directors
Vijay P. Khowala
Wholetime Director
Mumbai, the 30th day of May, 2011
Mar 31, 2010
The Directors have pleasure in submitting the Twenty Ninth Annual
Report on the business and operation of the Company along with the
Audited Accounts for the financial year ended 31th March. 2010.
Financial Result
The performance of the Company for the financial year ended 31th March.
2010 is summarized below;
Sr. Rupees
Particulars Current Previous
NO.
Year Year
a. Total Income 723,342 9.219,502
b. Total Expenditure 554.324 5,729,652
c. Profit before depreciation 169,018 3,489,650
d. Profit before Taxes 154,956 3,472,480
e. Tax Expenses including FBT &
Deferred Tax 47,759 509.226
f. Profit after Taxes 107,197 2,963,254
g. Add : Balance brought
forward from previous year 235,191 (2,728,063)
h. Amount available for
appropriation 342,388 235,191
i. Proposed Dividend (Including tax) on
Equity Shares Nil Nil
j. Net Balance carried to Profit &
Loss Account 342,388 235,191
Dividend
In order to conserve the resources for future, your Directors do not
recommend any dividend.
Operatlna Result and Profit
The Company has an income aggregating Rs. 7.23 Lacs as against Rs.
92.19 Lacs in previous year. The Profit before taxes in the current
year is Rs. 1.55 Lacs as against Rs. 34.72 Lacs in the previous year
and profit after taxes are Rs. 1.07 Lacs as against Rs. 29.63 Lacs in
the previous year.
Future Outlook
The Company has acquired the 36% stake In construction firm as a
partner and thereby entered into the field of infrastructure projects
in construction through Its associates and hence optimistic to achieve
better result In the future.
Fixed Deposit
During the year under review, the Company has not raised any funds by
way of fixed deposits and, as such, no amount of principal or interest
was outstanding as of the balance sheet date.
Internal Audit System
The Companys has In house Internal Audit department commensurate with
its nature and size of the Company.
Internal Control System and tis Adequacy
The Company has a proper and adequate Internal control system for all
its activities including safeguarding and protecting its assets against
any loss from its unauthorized use of disposition. All transaction are
property documented, authorized, recorded and reported correctly. The
Company has well defined Management Reports on key performance
indicators. The systems are reviewed continuously and its improvement
and effectiveness is1 enhanced based on the reports from various
fields.
Particulars of Employees
In terms of the provisions of Section 217(2A) of the Companies Act,
1956 and the Companies (Particulars c Employee) Rules. 1975, nanes and
other particulars of the employees are required are not given as none
of the employee is covered under the said provisions of the act.
Conservation Of Energy and Technology Absorption and Foreign Exchange
Earning & Outgo The Company has taken all possible measures for the
conservation of energy by undertaking required steps.
information regarding the foreign exchange earnings and outgo is not
applicable hence there is no such transactions
Auditors Report
There are no qualifications in the report of the statutory auditors for
the year 2009-10.
Code of Conduct
In terms of requirement of Clause 49 of the listing Agreement, the
Company has received certificate from all its seni management personnel
and members of the Board about the compliance of code of conduct as
laid down by I Board.
Corporate Governance
Pursuant to Clause 49 of the listing agreements with the stock
exchanges, a Managements Discussion and Analys Corporate Governance
Report and Auditors Certificate regarding compliance with conditions
of corpora governance form a part of the directors report
Directors Resononsibllity Statet
Pursuant to Section 217(2AA) of the Companies Act. 1956 with respect to
Directors Responsibility, It is here confirmed that:
(i) In presentation of the Annual Accounts, the applicable accounting
standards have been followed with prop explanation relating to material
departure.
(ii) The accounting policies have been consistently applied and
reasonable, prudent judgment and estimat are made so as to give and
fair view of the state of affairs of your Company as at 31th March
2010.
(iii) The proper and sufficient care has been taken for the maintenance
of adequate accounting records accordance with the provision of the
Companies Act, 1950 for safeguarding the assets of your Company a for
preventing and cetecting frauds and other irregularities.
(iv) That the annual accounts of your Company have been prepared on
going concern basis.
Auditors
M/s. Jajodia and Company. Chartered Accountants, Auditor of the
Company, holds office until the conclusion of the ensuing Annual
General Mesting and is recommended for re-appointment and to fix their
remuneration. Certificai from the Auditors has been received to the
effect that their re-appointment, if made, would be within the limi
prescribed under section 224(1B) of the Companies Act, 1956.
The Directors wish to convey their appreciation to all of the Companys
employees for their enormous personal effo as well as their collective
contribution to Companys record performance.
The Directors would also like to thank shareholders, customers,
dealers, suppliers, bankers, financial institutlon Government
authorities and all other business associates for the continued support
given by them to the Company a their confidence in manage ment
By Order of the Board of Directors
Vijay P.Khowala
Mumbai, the 31th day of May, 2010 Wholetime Director