Mar 31, 2012
Dear Members,
The Board of Directors has the pleasure to present the TWENTY SEVENTH
Annual Report and the Audited Balance Sheet and the Profit & Loss A/c
of the Company for the year ended on 31st March 2012.
PERFORMANCE:
Company''s performance was overwhelming on all fronts during the year
under review.
FINANCIAL RESULTS:
Financial results of the Company being self explanatory and depicted in
the Profit & Loss Account for the year ended on 31-03-2012, and
therefore, do not call for any further comments in that behalf.
DIVIDEND:
The Directors of your Company have not recommended payment of any
Dividend for the financial year 2011-12 in order to strengthen the
Reserves of the Company for the ongoing as well as for the forthcoming
Projects of the Company.
OPERATIONS:
The operations of the Company were satisfactory on all fronts during
the period under review.
DIRECTORS:
Mr. Anilkumar N. Harchandani & Mr. Ashok B. Purohit, Directors are due
to retire by rotation and being eligible for re-appointment has offered
them-selves for re-appointment. The Board proposes them for
re-appointment as Directors liable to retire by rotation at the
forthcoming Thirtieth Annual General Meeting of the Company. Except
this there was no change in the Composition of Board of Directors of
the Company.
PARTICULARS OF EMPLOYEES:
During the year under review, there were no employees drawing
remuneration in excess of the prescribed limits and whose particulars
need to be given under Section 217 (2A) of
The Companies Act, 1956 read with the Companies (Particulars of
Employees) Rules, 1975, as amended thereafter and from time to time.
a) CONSERVATION OF ENERGY & TECHNOLOGY ABSORPTION:
The Company does not use any technology or energy for its existing
business except for the electricity used in offices and at the sites of
the company which is not a significant part of the construction cost,
hence it is not practicable to furnish the information in this
connection.
b) FOREIGN EXCHANGE EARNINGS & OUTGO: NIL.
c) POLLUTION CONTROL MEASURES:
The Company''s business does not involve any emission of pollutants
and therefore, no special pollution control measures are called for.
However, special attention is paid to maintain healthy and hygienic
condition to make the services customer friendly.
DEPOSITS:
The Company has not accepted any deposit from the public under section
58A and 58AA of the Companies Act, 1956 during the year.
DIRECTOR''S RESPONSIBILITY STATEMENT:
Pursuant to Section 217(2AA) of the Companies Act, 1956 the Directors
confirm:
(i) That in the preparation of the Annual Accounts for the financial
year ended 31/03/2012 the applicable Accounting Standards have been
followed along-with proper explanation relating to material departures;
(ii) That 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 fare view of the state
of affairs of the company at the end of the financial year and of the
PROFIT of the Company for the year under review;
(iii) That the Directors have taken proper and sufficient care for the
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; and
(iv) That the Directors have prepared the Annual Accounts for the
Financial Year ended 31/03/2012 on a ''Going Concern'' basis.
AUDITOR''S REPORT:
Observations made in the Auditor''s Report are self-explanatory and
therefore, do not call for any further comments u/s.217 (3) of the
Companies Act, 1956.
AUDITORS: -
The Auditors, M/s. Sanjay S. Agrawal & Co., Chartered Accountants,
NAGPUR hold office till the conclusion of the ensuing Annual General
Meeting and are recommended for re-appointment. They have given their
consent to continue to act as Auditors of the Company for the current
financial year also, if re-appointed.
ACKNOWLEDGEMENT:
Directors wish to place on record their thanks and gratitude to:
i) The Central and State Government as well as their respective
Departments and Development Authorities connected with the business of
the company and the Bankers to the Company.
ii) The Members and suppliers/contractors for the trust and confidence
reposed and to the Customers for their valued patronage.
iii) The Board also takes this opportunity to express their sincere
appreciation for the efforts put in by the officers and employees at
all levels in achieving the results and hopes that they would continue
their sincere and dedicated endeavor towards attainment of better
working results during the current year.
Regd. Office: For and behalf of the Board
1st Floor B, Poonam Chambers, Sd/-
Byramji Town, (CHAIRMAN)
Chhindwara Road,
Nagpur - 440 013. (M. S.)
Dated: 03.09.2012.
Mar 31, 2010
The Board of Directors has the pleasure to present the Twenty Fifth
Annual Report and the Audited Balance Sheet and the Profit & Loss
Account of the Company for the year ended 31st March 2010.
FINANCIAL RESULTS:
The Working Results of the Company are stated in the Profit & Loss
Account of the Company, which are self-explanatory and do not calls for
any further comments thereon.
DIVIDEND:
The Directors of your Company have not recommended payment of any
Dividend for the financial year 2009-10 in order to strengthen the
Reserves of the Company for the ongoing as well as for the forthcoming
Projects of the Company.
OPERATIONS:
The Company is involved in the business of Development as well as
Construction of Commercial & Residential Complexes in the City of
Nagpur and near about.
PERFORMANCE:
Overall performance of the Company for the period under review was
satisfactory during the year ended on 31-03-2010, it need to be
performed better in the current financial year which can be achieved by
reducing the expenditure to the requisite extent & also by timely
completion of ongoing & new projects under way and so the Directors are
hopeful of better performance of the Company in the current financial
year.
DIRECTORS:
Mr. Anilkumar N. Harchandani & Mr. Ashok B. Purohit, Directors are due
to retire by rotation and being eligible for re- appointment has
offered them-selves for re-appointment. The Board proposes them for
re-appointment as Directors liable to retire by rotation at the
forthcoming Twenty Fifth Annual General Meeting of the Company.
Except this there has been no change in the Composition of Board of
Directors of the Company.
SHIFTING OF REGISTERED OFFICE :
The registered office of the company has been shifted during the period
under review from itÃs existing place i.e. 7th Floor, Poonam Plaza,
Palm Road, Civil Lines, Nagpur 440001 to new place as itÃs registered
office at 1st Floor B, Poonam Chambers, Byramji Town, Chhindwara Road,
Nagpur-440 013. The company has duly filed from no. 18 with the
Registrar of Companies, Maharashtra, Mumbai & intimated the said fact
to all concern.
PARTICULARS OF EMPLOYEES:
During the year under review, there were no employees drawing
remuneration in excess of the prescribed limits and whose particulars
need be given under Section 217 (2A) of The Companies Act, 1956 read
with The Companies (Particulars of Employees) Rules, 1975, as amended.
a) CONSERVATION OF ENERGY & TECHNOLOGY ABSORPTION:
The Company does not use any technology or energy for its existing
business except for the electricity used in offices and at sites of the
Company, which is not a significant part of the construction cost,
hence it is not practicable to furnish the information in this
connection.
b) FOREIGN EXCHANGE EARNINGS & OUTGO: NIL.
c) POLLUTION CONTROL MEASURES:
The CompanyÃs business does not involve any emission of pollutants and
therefore, no special pollution control measures are called for.
However, special attention is being paid to maintain healthy and
hygienic condition to make the services customer friendly & also for
the betterment of the employee of Company.
DEPOSITS:
The Company has not accepted any deposits from the public, which
attracts the provisions of Section 58A and 58AA of the Companies Act,
1956 and the rules made there-under during the year under review.
DIRECTORÃS RESPONSIBILITY STATEMENT:
Pursuant to Section 217(2AA) of the Companies Act, 1956 the Directors
confirm:
(I) That in the preparation of the Annual Accounts for the financial
year ended 31/03/2010 the applicable Accounting Standards have been
followed along-with proper explanation relating to material departures
therefrom;
(ii) That 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 fare view of the state
of affairs of the Company at the end of the financial year and of the
PROFIT of the Company for the year under review;
(iii) That the Directors have taken proper and sufficient care for the
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; and
(iv) That the Directors have prepared the Annual Accounts for the
Financial Year ended 31/03/2010 on a ÃGoing Concernà basis.
AUDITORÃS REPORT:
Observations made in the AuditorÃs Report are self-explanatory and
therefore, do not call for any further comments u/s.217 (3) of the
Companies Act, 1956.
AUDITORS:
The Auditors, M/s. Sanjay S. Agrawal & Co. (Formerly known as M/s.
Agrawal & Moryani), Chartered Accountants, Nagpur, hold office till the
conclusion of the ensuing Twenty - Fifth Annual General Meeting and are
recommended for re-appointment. They have given their consent to
continue to act as Auditors of the Company for the current financial
year also, if re-appointed.
ACKNOWLEDGMENT:
Directors wish to place on record their thanks and gratitude to:
I) The Central and State Government as well as their respective
Departments and Development Authorities connected with the business of
the company and the Bankers to the Company.
ii) The Members and suppliers/contractors for the trust and confidence
reposed and to the Customers for their valued patronage.
iii) The Board also takes this opportunity to express their sincere
appreciation for the efforts put in by the officers and employees at
all levels in achieving the results and hopes that they would continue
their sincere and dedicated endeavor towards attainment of better
working results during the current year.
Regd. Office: For and behalf of the Board
1ST Floor B, Poonam Chambers,
Byramji Town, Chhindwara Road,
Nagpur - 440 013. (M. S.) (CHAIRMAN)
Dated: 02.09.2010.
Mar 31, 2009
The Board of Directors has the pleasure to present the 24th Annual
Report and the Audited Balance Sheet and the Profit & Loss Account of
the Company for the year ended 31st March 2009.
FINANCIAL RESULTS:
The Working Results of the Company are stated in the Profit & Loss
Account of the Company, which are self-explanatory and do not calls for
any further comment thereon.
DIVIDEND:
The Directors of your Company have not recommended payment of any
Dividend for the financial year 2008-09 in order to strengthen the
Reserves of the Company for the ongoing as well as for the forthcoming
Projects of the Company.
OPERATIONS:
The Company is involved in the business of Development as well as
Construction of Commercial & Residential Complexes in the City of
Nagpur and near about.
PERFORMANCE:
Overall performance of the Company for the period under review was
satisfactory during the year ended on 31-03-2009, it needs to be done
better in the current financial year which can be achieved by reducing
the expenditure to the requisite extent and the Directors are hopeful
of better performance of the Company in the current financial year.
DIRECTORS:
There was no change in the Composition of Board of Directors of the
Company.
Mr. Ashok B. Purohit & Ms. Archana D. Wani, Directors are due to retire
by rotation at the forthcoming Annual General Meeting and being
eligible for re-appointment have offered themselves for re-appointment.
The Board proposes them for re-appointment thereat as Directors liable
to retire by rotation.
PARTICULARS OF EMPLOYEES:
During the year under review, there were no employees drawing
remuneration in excess of the prescribed limits and whose particulars
need be given under Section 217 (2A) of The Companies Act, 1956 read
with The Companies (Particulars of Employees) Rules, 1975, as amended.
a) CONSERVATION OF ENERGY & TECHNOLOGY ABSORPTION:
The Company does not use any technology or energy for its existing
business except for the electricity used in offices and at sites of the
Company which is not a significant part of the construction cost, hence
it is not practicable to furnish the information in this connection.
b) FOREIGN EXCHANGE EARNINGS & OUTGO: NIL.
c) POLLUTION CONTROL MEASURES:
The Companys business does not involve any emission of pollutants and
therefore, no special pollution control measures are called for.
However, special attention is being paid to maintain healthy and
hygienic condition to make the services customer friendly.
DEPOSITS:
The Company has not accepted any deposit from the public which attracts
the provisions of section 58Aand section 58AA of the Companies Act,
1956 and the rules made there-under during the year under review.
DIRECTORS RESPONSIBILITY STATEMENT:
Pursuant to Section 217(2AA) of the Companies Act, 1956 the Directors
confirm:
(i) That in the preparation of the Annual Accounts for the financial
year ended on 31/03/2009 the applicable
Accounting Standards had been followed along-with proper explanation
relating to material departures.
(ii) That 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
PROFITof the Company for the year under review.
(iii) That the Directors have taken proper and sufficient care for the
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; and
(iv) That the Directors have prepared the Annual Accounts for the
Financial Year ended on 31/03/2009 on aGoing Concernbasis.
AUDITORS REPORT:
Observations made in the Auditors Report are self-explanatory and
therefore, do not call for any further comments U/s217 (3) of the
Companies Act, 1956.
AUDITORS: -CHANGE IN AUDITORS:
The Auditors, M/s. Anand Deshpande & Co., Chartered Accountants, Nagpur
have expressed their unwillingness to continue in the office of the
Auditors and they have resigned from the said office. The Company
approached Agrawal & Moryani, Chartered Accountants, NAGPUR and the
acceptance for conducting Audit for the Financial Year 2008-09 has been
accorded by the new auditor. The new auditors were duly appointed as
such at the Extra-Ordinary General Meeting held on 19/10/2008 at the
remuneration decided in consultation with them and they have also given
a certificate to the effect that their appointment, if made, would be
within the limits prescribed under section 224(1 -B) of the Companies
Act, 1956. They hold office till the conclusion of the ensuing Annual
General Meeting and are recommended for re- appointment. They have
given their consent to continue to act as Auditors of the Company for
the current financial year also, if re-appointed.
ACKNOWLEDGMENT:
Directors wish to place on record their thanks and gratitude to:
i) The Central and State Government as well as their respective
Departments and Development Authorities connected with the business of
the company and the Bankers to the Company.
ii) The Members and suppliers/contractors for the trust and confidence
reposed and to the Customers for their valued patronage.
iii) The Board also takes this opportunity to express their sincere
appreciation for the efforts put in by the officers and employees at
all levels in achieving the results and hopes that they would continue
their sincere and dedicated endeavor towards attainment of better
working results during the current year.
Regd. Office: By the order of Board
7TH FLOOR, POONAM PLAZA, LINKHOUSE INDUSTRIES LTD.,
PALM ROAD, CIVIL LINES,
NAGPUR-440 001.
Dated: 05.09.2009. (CHAIRMAN)
Mar 31, 2008
The Board of Directors has the pleasure to present the 23rd Annual
Report, the Audited Balance Sheet and the Profit & Loss Account of the
Company forthe year ended 31s1 March 2008.
FINANCIAL RESULTS:
The Working Results of the Company are stated in the Profit & Loss
Account of the Company, which are self-explanatory and do not call for
any further comments thereon.
DIVIDEND:
In order to strengthen the Reserves & Fund Base of the Company forthe
ongoing as well as forthe upcoming Projects of the Company, the
Directors of your Company have not recommended the payment of any
Dividend forthe financial year 2007-08.
OPERATIONS:
The Company is involved in the Business of Development as well as
Construction of Commercial & Residential Complexes in the City of
Nagpurand near about.
PERFORMANCE:
Overall performance of the Company was satisfactory during the year
ended on 31-03-2008, it needs to be done better in the current
financial year, the same can be achieved by reducing the expenditure to
the required extent and the Directors are hopeful of better performance
of the Company in the current financial year.
DIRECTORS:
Mr. Purshottam Udemani, Ms. Poonam Harchandani, Ms. Anita Harchandani,
Directors of the Company have resigned from the Directorship of the
Company during the year under review.
Mr. Anilkumar N. Harchandani and Mr. Ashok B. Purohit, Directors are
due to retire by rotation at the forthcoming Annual General Meeting and
being eligible for re-appointment have offered themselves for
re-appointment. The Board proposes them for re-appointment thereat as
Directors liable to retire by rotation.
PARTICULARS OF EMPLOYEES:
During the year under review, there were no employees drawing
remuneration in excess of the prescribed limits and whose particulars
need be given under Section 217 (2A) of The Companies Act, 1956 read
with The Companies (Particulars of Employees) Rules, 1975, as amended.
CONSERVATION OF ENERGY & TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
EARNINGS & OUTGO AND POLLUTION CONTROL MEASURES:
a) Conservation of Energy & Technology Absorption:
The Company does not use any energy or technology for its existing
business except for the electricity used in offices and at sites of the
Company which is not a significant part of the construction cost, hence
it is not practicable to furnish the information in this connection.
b) Foreign Exchange Earnings & Outgo: Nil.
c) Pollution Control Measures:
The Companys business does not involve any emission of pollutants and
therefore no special pollution control measures are called for.
However, special attention is being paid to maintain healthy and
hygienic conditions to make the services customer friendly.
DEPOSITS:
The Company has not accepted any deposit from the public during the
year under review, which attracts the provisions of section 58A and
section 58AA of the Companies Act, 1956 and the rules made there-
under.
DIRECTORS RESPONSIBILITY STATEMENT:
Pursuantto Section 217(2AA) of the Companies Act, 1956 the Directors
confirm:
(I) That in the preparation of the Annual Accounts for the financial
year ended on 31/03/2008 the applicable Accounting Standards
have been followed along-with proper explanations relating to material
departures therefrom.
(ii) That the directors had 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 fare view of the state
of affairs of the Company at the end of the financial year and of the
PROFIT of the Company for the year under review.
(iii) That the Directors have taken proper and sufficient care for the
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; and
(iv) Thatthe Directors have prepared the Annual Accounts forthe
Financial Year ended on 31/03/2008 on a Going Concern basis.
AUDITORS REPORT:
Observations made in the Auditors Report are self-explanatory and
therefore, do not call for any further comments U/s217 (3) of the
Companies Act, 1956.
AUDITORS:
The Auditors M/s. Anand Deshpande & Co., Chartered Accountants, Nagpur,
holds office till the conclusion of the forthcoming Annual General
Meeting and they have expressed their willingness to be re-appointed
and have also given a certificate to that effect that their re-
appointment, if made, would be within the limits prescribed under
section 224(1 -B) of the Companies Act, 1956. The Directors recommends
re-appointment of M/s. Anand Deshpande & Co. as Auditors to hold the
office from the conclusion of the ensuing Annual General Meeting till
the next Annual General Meeting at remuneration to be decided by the
Board in consultation with them.
ACKNOWLEDGEMENT:
Directors wish to place on record theirthanks and gratitude to:
I) The Central and State Government as well as their respective
Departments and Development Authorities connected with the
business of the company and the Bankers of the Company.
ii) The Members and suppliers/contractors forthe trust and confidence
reposed and to the Customers fortheir valued patronage.
iii) The Board also takes this opportunity to express their sincere
appreciation forthe efforts put in by the officers and employees at all
levels in achieving the results and hopes that they would continue
their sincere and dedicated endeavor towards attainment of better
working results during the current year.
Place: Nagpur For and behalf of the Board
Dated: 05.09.2008. (CHAIRMAN)
Mar 31, 2000
Not Available