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Directors Report of Shiva Medicare Ltd.

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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