Mar 31, 2014
The Members,
The Directors of your company have pleasure in presenting to you the
36th Annual Report together with the Audited Statements of Accounts for
the year ended on 31st March, 2014.
FINANCIAL RESULTS
Current Year Previous Year
Particulars 2013-2014 2012-2013
(Amount in Rs) (Amount in Rs)
Profit before Depreciation and Taxes 59494 151958
Less : Depreciation - 39799
Profit for the year 59494 112159
Less : Tax Provision 11400 22000
Less : Income Tax Adjustment of
earlier yeas - 150
Profit after Tax 48094 90009
Add ; Balance brought forward 1785440 1695431
Balance carried to Balance Sheet 1833534 1785440
DIVIDEND
In view of the meager amount of profit during the year and to
strengthen the financial position of the company, your directors have
not recommended any dividend for the year.
PARTICULARS OF EMPLOYEES
There was no employee during the year, covered by section 217 (2A) of
the Companies Act, 1956, read with the Companies (Particulars of
Employees) Rules, 1975.
AUDITORS AND AUDIT REPORT
M/s Chaturvedi Sohan & Co., Chartered Accountants, Mumbai, the
Statutory Auditors of the Company, hold office until the ensuing Annual
General Meeting. The said Auditors have furnished the Certificate of
their eligibility for re-appointment. Pursuant to the provisions of
Section 139 of the Companies Act, 2013 and the Rules framed thereunder,
the Audit Committee has proposed to appoint M/s Chaturvedi Sohan & Co.,
as Statutory Auditors of the Company from the conclusion of this Annual
General Meeting for a period of 3 years, subject to the approval of
shareholders and ratification of their appointment at the subsequent
Annual General Meeting.
DIRECTORATE:
Shri, Niraj Rathore & Shri. Jitendra Nigam is being eligible for
appointment as Independent Director.
COMPLIANCE CERTIFICATE
Your Company has complied with all the provisions of Companies Act,
1956; a certificate to this effect has been obtained from Practicing
Company Secretary, Mumbai, a copy of which is annexed below.
PARICULARS OF ENERGY CONSERVATION. TECHNOLOGY ABSORBTION AND FOREIGN
EXCHANGE OUTGO
The Company is not covered under any of the industry specified in
Schedule under rule 2(A) of the Companies- (Disclosure of particulars
in the Report of Board of Directors) Rules, 1988 as such the Company is
not required to submit particulars of Energy Conservation as required
under Rule 2(A) and there is no activity which should be disclosed as
per rule 2(B) and 2(C) about Technology Absorption and Foreign outgo.
DIRECTOR RESPONSIBILITY STATEMENT
Your Directors confirm;
a) That in the preparation of the Annual Accounts, the applicable
accounting standards have been followed and that no material departures
have been made from the same.
b) That they 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 affairs of the company
at the end of the financial year and of the Profit or Loss of the
Company for the period;
c) That they 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;
d) That they have prepared the Annual Accounts on a going concern
basis.
CORPORATE GOVERANCE
Pursuant to Clause 49 to the Listing Agreement with the Stock Exchange,
a Management Discussion and Analysis, Corporate Governance Report and
Auditors'' Certificate regarding compliance of conditions of Corporate
Governance form part of this Report.
FOR AND ON BEHALF OF THE BOARD
-sd-
Place: Mumbai (Nina Ranka)
Date: 29th July, 2014 DIRECTOR
Mar 31, 2013
To, The Members,
The Directors of your company have pleasure in presenting to you the
35th Annual Report together with the Audited Statements of Accounts for
the year ended on 31st March, 2013.
FINANCIAL RESULT
Current Year Previous Year
Particulars 2012-2013 2011-2012
(Amount in Rs.) (Amount in Rs.)
Profit before Depreciation and
Taxes 151958 334347
Less : Depreciation 39799 133426
Profit for the year 112159 200921
Less : Tax
Provision 22000 38285
Less : Income Tax Adjustment of
earlier year 150 (87)
Profit after Tax 90009 162723
Add : Balance brought forward 1695431 1532708
Balance carried to Balance Sheet 1785440 1695431
DIVIDEND
In view of the meager amount of profit during the year and to
strengthen the financial position of the company, your directors have
not recommended any dividend for the year.
PARTICULARS OF EMPLOYEES
There was no employee during the year, covered by section 217 (2A) of
the Companies Act, 1956, read with the Companies (Particulars of
Employees) Rules, 1975.
AUDITORS AND AUDIT REPORT
M/s Chaturvedi Sohan & Co., Chartered Accountants, Mumbai will cease to
be Auditors of the Company at the conclusion of the ensuing Annual
General Meeting and being eligible offer themselves for re-appointment.
COMPLIANCE CERTIFICATE
Your Company has complied with all the provisions of Companies Act,
1956; a certificate to this effect has been obtained from Practicing
Company Secretary, Mumbai, a copy of which is enclosed.
PARICULARS OF ENERGY CONSERVATION, TECHNOLOGY ABSORBTION AND FOREIGN
EXCHANGE OUTGO
The Company is not covered under any of the industry specified in
Schedule under rule 2(A) of the Companies (Disclosure of particulars in
the Report of Board of Directors) Rules, 1988 as such the Company is
not required to submit particulars of Energy Conservation as required
under Rule 2(A) and there is no activity which should be disclosed as
per rule 2(B) and 2(C) about Technology Absorption and Foreign outgo,
RESPONSIBILITY STATEMENT
Your Directors confirm:
a) That in the preparation of the Annual Accounts, the applicable
accounting standards have been followed and that no material departures
have been made from the same.
b) That they 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 affairs of the company at
the end of the financial year and of the Profit or Loss of the Company
for the period;
c) That they 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;
d) That they have prepared the Annual Accounts on a going concern
basis.
CORPORATE GOVERANCE
The Company is making all efforts for complying the provisions relating
to corporate Governance pursuant to clause 49 of the Listing Agreement
with Stock Exchange.
FOR AND ON BEHALF OF THE BOARD
Place: Mumbai (Nina Ranka)
Date 30th May, 2013 DIRECTOR
Mar 31, 2010
The Directors of your company have pleasure in presenting to you the
31st Annual Report together with the Audited Statements of Accounts for
the year ended on 31st March, 2010. FINANCIAL RESULT
Current Year Previous Year
Particulars 2009-2010 2008-2009
(Amount in Rs.) (Amount in Rs.)
Profit before Depreciation and Taxes 64699 257584
Less : Depreciation 45039 212580
Profit for the year 19660 45004
Less : Tax Provision 3100 4635
Less : FBT Provision -- 3013
Less : Income Tax Adjustment of
earlier years 161 5886
Profit after Tax 16399 31470
Add : Balance brought forward 1356401 1324931
Balance carried to Balance Sheet 1372800 1356401
DIVIDEND
In view of the meagre amount of profit earned by the company, your
directors have not recommended any dividend for the year.
PARTICULARS OF EMPLOYEES
There was no employee during the year, covered by section 217 (2A) of
the Companies Act, 1956, read with the Companies (Particulars of
Employees) Rules, 1975.
DIRECTORS
Shri Jitendra Nigam retires at the ensuing Annual General Meeting and
being eligible offers himself for re-appointment.
AUDITORS AND AUDIT REPORT
M/s Chaturvedi Sohan & Co., Chartered Accountants, Mumbai will cease to
be Auditors of the Company at the conclusion of the ensuing Annual
General Meeting and being eligible offer themselves for re-appointment.
TRADING OF SHARES ON STOCK EXCHANGE
Trading of equity share of the company on the Mumbai stock exchanges is
suspended. The company is taking necessary steps for getting the
suspension revoked.
COMPLIANCE CERTIFICATE Your Company has complied with all the
provisions of Companies Act, 1956, a certificate to this effect has
been obtained from Practicing Company Secretary, Mumbai, a copy of
which is enclosed.
PARICULARS OF ENERGY CONSERVATION, TECHNOLOGY ABSORBTION AND FOREIGN
EXCHANGE OUTGO
The Company is not covered under any of the industry specified in
Schedule under rule 2(A) of the Companies (Disclosure of particulars in
the Report of Board of Directors) Rules, 1988 as such the Company is
not required to submit particulars of Energy Conservation as required
under Rule 2(A) and there is no activity which should be disclosed as
per rule 2(B) and 2(C) about Technology Absorption and Foreign outgo.
RESPONSIBILITY STATEMENT
Your Directors confirm :
a) That in the preparation of the Annual Accounts, the applicable
accounting standards have been followed and that no material departures
have been made from the same.
b) That they 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 affairs of the company at
the end of the financial year and of the Profit or Loss of the Company
for the period;
c) That they 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;
d) That they have prepared the Annual Accounts on a going concern
basis.
FOR AND ON BEHALF OF THE BOARD
Place : Mumbai (Nina Ranka)
Date : 30th May, 2010 DIRECTOR
Mar 31, 2009
The Directors of your company have pleasure in presenting to you the
31st Annual Report together with the Audited Statements of Accounts for
the year ended on 31st March, 2009.
FINANCIAL RESULT
Current Year Previous Year
Particulars 2008-2009 2007-2008
(Amount in Rs.) (Amount in Rs.)
Profit before Depreciation
and Taxes 257,584 467,160
Less : Depreciation 212,580 226,659
Profit for the year 45,004 240,501
Less : Tax Provision 4,635 24,800
Less : FBT Provision 3,013 5,155
Less : Income Tax Adjustment
of earlier yeas 5,886
Profit after Tax 31,470 210,546
Add : Balance brought forward 1,324,931 1,114,385
Balance carried to Balance Sheet 1,356,401 1,324,931
DIVIDEND
In view of the meagre amount of profit earned by the company, your
directors have not recommended any dividend for the year.
PARTICULARS OF EMPLOYEES
There was no employee during the year, covered by section 217 (2A) of
the Companies Act, 1956, read with the Companies (Particulars of
Employees) Rules, 1975.
DIRECTORS
Shri Jitendra Nigam retires at the ensuing Annual General Meeting and
being eligible offers himself for re-appointment
AUDITORS AND AUDIT REPORT
M/s Chaturvedi Sohan & Co., Chartered Accountants, Mumbai wilI cease to
be Auditors of the Company at the conclusion of the ensuing Annual
General Meeting and being eligible offer themselves for re-appointment
COMPLIANCE CERTIFICATE
Your Company has complied with all the provisions of Companies Act,
1956, a certificate to this effect has been obtained from Practicing
Company Secretary, Mumbai, a copy of which is enclosed.
PARICULARS OF ENERGY CONSERVATION. TECHNOLOGY ABSORBTION AND FOREIGN
EXCHANGE OUTGO
The Company is not covered under any of the industry specified in
Schedule under rule 2(A) of the Companies (Disclosure of particulars in
the Report of Board of Directors) Rules, 1988 as such the Company is
not required to submit particulars of Energy Conservation as required
under Rule 2(A) and there is no activity which should be disclosed as
per rule 2(B) and 2(C) about Technology Absorption and Foreign outgo.
RESPONSIBILITY STATEMENT
Your Directors confirm:
a) That in the preparation of the Annual Accounts, the applicable
accounting standards have been followed and that no material departures
have been made from the same.
b) That they 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 affairs of the company at
the end of the financial year and of the Profit or Loss of the Company
for the period;
c) That they 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;
d) That they have prepared the Annual Accounts on a going concern
basis.
FOR AND ON BEHALF OF THE BOARD
Place: Mumbai (Nina Ranka)
Date : 30th May, 2009 DIRECTOR