Mar 31, 2014
The Members of Shiva Medicare Limited,
The Directors have great pleasure in presenting their Annual Report
along with the Audited Accounts for the year ended 31st March, 2014
together with the Auditor''s Report thereon.
OPERATIONS
During the period under review, the Company has not done any business
activity; hence there are no working Results.
You must be pleased to know that the management of company has taken
some concrete steps in order to revive the company and bring back the
glories years of the company and thereby increasing share holders
value. Some of the steps are as follows
1) Resumption in Trading of Equity Shares of Company at BSE Ltd
2) New Project Planning & Execution.
3) Restructuring of Company''s balance sheet through Capital
Reduction.
In fact we are pleased to inform you that the company has already
received NoC for the draft Scheme of Capital Reduction from BSE Ltd and
a special resolution with regards to the same has been proposed in this
AGM.
Once the company''s capital is restructured and carry forward losses
are set off, it would enable the management to explore various
opportunities to enhance the net worth of the company through suitable
means.
With the above measure that the company has planned to initiate in the
coming two years, the management of company is quite confident of
increasing substantial share holder''s value.
DIVIDEND
You directors have not recommended payment of any dividend during the
period under review. DEPOSITS
The Company has not accepted any deposits from the public during the
year as such no amount of interest and principal was outstanding as of
the date of the balance sheet.
ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING
& OUTGO
There was no business activity and hence no steps were taken for
Conservation of Energy. There was no Technology Absorption, Foreign
Exchange Earning and Outgo. There was no Technical Know How pursuant to
sections 217(l)(e) of the Companies Act, 1956 read with the Companies
(Disclosures of Particulars in the report of the Board of Directors)
Rules 1988.
PERSONNEL
There was no employee who was in receipt of the remuneration for the
year or part thereof as prescribed under Section 217(2A) of the
Companies Act, 1956 relating to the Companies (Particulars of
employees) Rules, 1975, is required to be annexed.
DIRECTORS
Sh. Amit Jain is retiring by rotation and is eligible for
re-appointment in the ensuing Annual General Meeting.
AUDITORS
M/s. Rama Chandra Rao. Chartered Accountant, Hyderabad Auditors of the
Company retires at the ensuing Annual General Meeting and being
eligible offer themselves for re-appointment.
DIRECTORS'' RESPONSIBILITY STATEMENT
Pursuant to the requirement under Section 217(2AA) of the Companies
Act, 1956 with respect to Director''s Responsibility Statement, it is
hereby confirmed:
a) That in preparation of the Annual Accounts for the financial year
ended 31st March, 2014; the applicable accounting standards have been
followed along with proper explanation relating to material departures,
if any. ;
b) that the Directors had selected such accounting policies and applied
them consistently and made judgments and estimates that were 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 year under review;
c) that the Directors had 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 the Directors had prepared the accounts for the financial year
ended 31st March 2014 on a ''going concern'' basis.
ACKNOWLEDGEMENT
The Directors wish to place on record their appreciation for the
assistance, support and Co-operation to the Company.
For and on behalf of the Board
For Shiva Medicare Limited
Sd. Sd.
Place: Hyderabad AMIT JAIN JOHN WILSON
Date : 07.06.2014 DIRECTOR DIRECTOR
Mar 31, 2013
To The Members of Shiva Medicare Limited,
The Directors have great pleasure in presenting their Annual Report
along with the Audited Accounts for the year ended 31st March, 2013
together with the Auditor''s Report thereon.
OPERATIONS
During the period under review, the Company has not done any business
activity; hence there is no any working Results.
You must be pleased to know that the management of company has taken
some concrete steps in order to revive the company and bring back the
glories years of the company and thereby increasing share holders
value. Some of these steps are as follows
1) Revocation of Suspension of Shares Listed at BSE Ltd.
2) Payment of Advance for Land for New Facility.
3) Restructuring of Company''s balance sheet
With the above measure that the company has planned to initiate in the
coming two years, the management of company is quite confident of
increasing substantial share holder''s value.
SHIFTING OF REGISTERED OFFICE FROM DELHI TO ANDHRA PRADESH
The location of the major Pharmaceuticals manufactures are based in the
Southern States namely Andhra Pradesh and Tamil Nadu. As a measure of
rationalization and to carry on the business of the Company more
economically & efficiently.
We are pleased to inform you that the Register offices of the company
vide the CLB order has already been shifted to Hyderabad.
DIVIDEND
You directors have not recommended payment of any dividend during the
period under review.
DEPOSITS
The Company has not accepted any deposits from the public during the
year under the provisions of Section 58A as well as Section 58AA of the
Companies Act, 1956.
ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING
& OUTGO
There was no business activity and hence no steps were taken for
Conservation of Energy. There was no Technology Absorption, Foreign
Exchange Earning and Outgo. There was no Technical Know How pursuant to
sections 217(1)(e) of the Companies Act, 1956 read with the Companies
(Disclosures of Particulars in the report of the Board of Directors)
Rules 1988.
PERSONNEL
There was no employee who was in receipt of the remuneration for the
year or part thereof as prescribed under Section 217(2A) of the
Companies Act, 1956 relating to the Companies
(Particulars of employees) Rules, 1975, is required to be annexed.
DIRECTORS
Sh. Amit Jain & Sh. Gagan Lamba is retiring by rotation and is eligible
for re-appointment in the ensuing Annual General Meeting.
AUDITORS
M/s. Rama Chandra Rao. Chartered Accountant, Hyderabad Auditors of
the Company retires at the ensuing Annual General Meeting and being
eligible offer themselves for re-appointment.
DIRECTORS'' RESPONSIBILITY STATEMENT
Pursuant to the requirement under Section 217(2AA) of the Companies
Act, 1956 with respect to Director''s Responsibility Statement, it is
hereby confirmed:
a) That in preparation of the Annual Accounts for the financial year
ended 31st March, 2013; the applicable accounting standards have been
followed along with proper explanation relating to material departures,
if any. ;
b) that the Directors had selected such accounting policies and applied
them consistently and made judgments and estimates that were 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 year under review;
c) that the Directors had 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 the Directors had prepared the accounts for the financial year
ended 31st March 2013 on a ''going concern'' basis.
ACKNOWLEDGEMENT
The Directors wish to place on record their appreciation for the
assistance, support and Co-operation to the Company.
For and on behalf of the Board
For Shiva Medicare Limited
Sd/- Sd/-
Place: Hyderabad AMIT JAIN JOHN WILSON
Date: 25/07/2013 DIRECTOR DIRECTOR
Mar 31, 2011
To The Members of Shiva Medicare Limited,
The Directors have great pleasure in presenting their Annual Report
Along with the Audited Accounts for the year ended 31st March, 2011
together with the Auditors Report thereon.
OPERATIONS
During the period under review, the Company has not done any business
activity; hence there is no any working Results.
DIVIDEND
You directors have not recommended payment of any dividend during the
period under review.
DEPOSITS
The Company has not accepted any deposits from the public during, the
year under the provisions of Section 58A as well as Section 58AA of the
Companies Act, 1956.
ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE-IMRNING
& OUTGO
There was no business activity and hence no steps were taken for
Conservation of Energy. There was no Technology Absorption, Foreign
Exchange Earning and Outgo. There was no Technical Know How pursuant to
sections 217(l)(e) of the Companies Act, 1956 read with the Companies
(Disclosures of Particulars in the report of the Board, of Directors)
Rules 1988.
PERSONNEL
There was no employee who was in receipt of the remuneration for the
year or part thereof as prescribed under Section 217(2A) of the
Companies Act, 1956 relating to the Companies (Particulars of
employees) Rules, 1975, is required to be annexed.
DIRECTORS
Sh. P, Vishalakshan is retiring by rotation and is eligible for
re-appointment in the ensuing Annual General Meeting. Sh. Gagman Lambda
was appointed as Additional Director and is eligible for appointment in
the ensuing Annual General meeting Raj Kumar Jain resigned from the
Directorship of the Company,
AUDITORS
M/s. AVK & Associates, Chartered Accountants, Delhi, Auditors of the
Company will hold the Office till the date of Annual General Meeting
and being eligible, offer themselves for re-appointment at the ensuing
Annual General Meeting. They have furnished a Certificate to the effect
that their re-appointment, if made, will be in accordance with the
provisions of section of Section 224(1B) of the Companies Act, 1956.
DIRECTORS RESPONSIBILITY STATEMENT
Pursuant to the requirement under Section 217(2AA) of the Companies
Act, 19-56 with respect to Director's Responsibility Statement, it is
hereby confirmed:
a) that in preparation of the Annual Accounts for the financial year
ended 31st March, 2011, the applicable accounting standards have been
followed along with proper explanation relating to material departures,
if any. ;
b) that the Directors had selected such accounting policies and applied
them consistently and made judgments and estimates that were reasonable
and prudent so as to give a true and far 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 year under review;
c) that the Directors had taken proper and sufficient care for the
maintenance of adequate accounting records accordance with the
provisions of the Company Act, 1956 for safeguarding the Sets of the
Company and for preventing and detecting fraud and other
irregularities.
d) that the Directors had prepared the accounts for the financial year
ended 31st March 2011 on a `going concern' basis.
ACKNOWLEDGMENT
The Directors wish to place on record their appreciation for the
assistance, support and co-operation to the Company.
For and on behalf of the Board
For Shiva Medicare Limited
Place: New Delhi DIRECTOR DIRECTOR
Date : 02/08/2011
Mar 31, 2010
To The Members of Shiva Medicare limited
The Directors have great pleasure In presenting their Annual Report
Along with the Audited Accounts for the year ended 31st March, 2Uil)
together with the Auditor's Report thereon.
WORKING RESULT & REVIEW OF OPERATIONS
During the period under review, the Company has not done any business
activity; hence there Is no any working Results.
DIVIDEND
You director* have not recommended payment of any dividend during the
period under review,
DEPOSITS
The Company has not accepted any deposits from the public during the
year under the provisions of Section 58A as well as Section 58AA of the
Companies Act, 1956.
ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING
& OUTGO
There was no business activity and hence no steps were taken for
Conservation of Energy. There was no Technology Absorption, Foreign
Exchange Earning and Out go. There was no Technical Know How pursuant
to sections 217(l)(e) of the Companies Act 1956 read with the
Companies (Disclosures of Particulars in the report of the Hoard of
Directors) Rules 1975, is required to be annexure.
PERSONNEL
There was no employee who was in receipt of the remuneration for the
year or part thereof as prescribed under Section 217(2A) of the
Companies Act, 1956 relating to the Companies (Particulars of employees)
Rules, 1975, is required to be annexed.
DIRECTORS
Sh. Amit Jain is retiring by rotation and is eligible for re-appointment
in the ensuring Annual General Meeting.
AUDITORS
M/s, AVK & Associates, Chartered Accountants, Delhi, Auditors of the
company will hold the Office till the do of Annual General Meeting and
being eligible:, offer themselves for re-appointment at the ensuing
Annual General Meeting The nave furnished a Certificate to the effect
that their re-appointment, if made nil be in accordance with the
provisions of section of Section 224( 1 IS) of die Companies Ac .
195.,.
DIRECTOR;S RESPONSIBILITY STATEMENT.
Pursuant to the requirement under section 217 (2AA) of the companies
Act, 1956 with Respect to Director's Responsibility Statement it is
hereby confirmed;
a) that in preparation of the Annual Accounts for the financial
year ended 31st March 2010, the applicable accounting standards have
been followed along with proper explanation relating to material
departures, if any.,
b) that the Directors had selected such accounting policies and applied
them consistency and made judgments and estimates that were 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 year under review-
c) that the Directors had 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 preventives and detecting fraud and other
irregularities
d) that the Directors had prepared the accounts for die financial year
endued 31st March 2010 on a 'going concern' basis.
ACKNOWLEDGEMENT
The Directors wish to place on record their appreciation for the
assistance support and co-operation to the Company.
For and on behalf of the Board
For Shiva Medicare Limited
Place: New Delhi Director Director
Date: 20-07-2010
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