Mar 31, 2014
Dear Members,
The Directors have pleasure in presenting the Twenty Eighth Annual
Report together with Audited Statements of Accounts for the year ended
31st March, 2014.
Financial Results:
Your Directors are happy to report the operational results of the
Company for the year ended 31st March 2014, the details of which are as
under:
Rs. In Lakhs
Particulars 2013-2014 2012-2013
Total Income 526.12 605.53
Profit before depreciation and interest 46.29 54.92
Interest - -
Depreciation - -
Profit before tax 46.29 54.92
Provision for tax 14.59 17.18
Profit after tax 31.70 37.74
Review of Operations:
The last few years were not the best for the infrastructure development
in India and slow down of the economy has impacted all sectors.
Additionally, companies continue to face challenges on the execution
front such as delays in securing approvals in key infrastructure
sectors such as power, roads and ports. In such a difficult business
environment, most of the companies are facing severe financial strain
and slow growth. The global economy is showing any signs of revival and
the steps taken by new government to boost the economy will take time
to show results. Hence in medium term the general outlook of industry
is negative. In these difficult times, the Company has reasonably
performed well by achieving the turnover of Rs. 526.12 Laks in FY 2014
as against Rs. 605.53 Laks in the previous year. The net profits after
taxes are at Rs. 31.70 laks in FY 2014 as against Rs. 37.74 Laks in the
previous financial year.
Dividend:
The Company proposes to retain profits of the current year for
company''s future plans and developments. Hence, your directors have
not recommended dividend for the Financial Year 2013-2014.
Listing of Securities:
The company''s shares are listed with the Bombay Stock Exchange and the
Company has complied with all rules, regulations and guidelines of the
Stock Exchange.
Directors Responsibility Statement:
In accordance with the provisions of Section 217 (2AA) of the Companies
Act, 1956 your Directors state:
i) That in preparation of the Annual Accounts, the applicable
Accounting Standards have been followed.
ii) That your directors 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 the state
of affairs of the company at the end of the financial year and of the
profit of the company for that period;
iii) That your directors have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with
provisions of this Act for safe guarding the assets of the company and
for preventing and detecting fraud and other irregularities.
iv) That your Directors have prepared annual accounts on a going
concern basis.
Public Deposits:
The company has not accepted any deposit from the public falling under
the provision of Section 58A and 58AA of the Companies Act, 1956 during
the year under review.
Auditors:
The Auditors M/s. VAS & Co., Chartered Accountants, Secunderabad retire
at the ensuing Annual General Meeting and, being eligible, offer
themselves for reappointment as per the provisions of the Companies
Act, 2013.
Particulars of Employees:
The details required under section 217(2A) of the Companies Act, 1956
read the Companies (Particulars of Employees) Rules, 1975 are not
furnished as there are no employees who are covered under the above
section.
Conservation of Energy and Foreign Exchange Earnings:
Details regarding Energy Conservation, Technology Absorption, Foreign
Exchange Earnings and outgo as required by Section 217(1)(e) of the
Companies Act, 1956 read with the Companies (Disclosure of the
Particulars in the Report of Board of Directors) Rules, 1988 are not
given as the same is not applicable to the Company.
Corporate Governance:
Pursuant to clause 49 of the Listing Agreement, a report on Corporate
Governance and a certificate from the auditors of the company is given,
which forms part of this report.
Compliance Certificate:
The Company has obtained Compliance certificate pursuant to section
383A of the Companies Act, 1956 and is attached to this report.
Industrial Relations:
Employees are our vital and most valuable assets. We have created a
favorable work environment that encourages innovation and creativity.
The Industrial Relations continued to be peaceful during the year.
Acknowledgments:
Your Directors wish to express their grateful appreciation for the
cooperation and support received from the Government, Banks, vendors,
customers, consultants, auditors, staff and others who have been
assisting your Company in the various facets of its operations.
For and on behalf of the Board
Sd/- Sd/-
Place : Hyderabad (T. INDIRA SUBBARAMI REDDY) (P. MARUTHI BABU)
Date : 29.05.2014 Director Director
Mar 31, 2013
Dear Members,
The Directors have pleasure in presenting the Twenty Seventh Annual
Report together with Audited Statements of Accounts for the year ended
31st March, 2013.
Financial Results:
Your Directors are happy to report the operational results of the
Company for the year ended 31st March 2013, the details of which are as
under:
Rs. In Lakhs
Particulars 2012-2013 2011-2012
Total Income 605.53 542.11
Profit before
depreciation and interest 54.92 43.51
Interest
Depreciation
Profit before tax 54.92 43.51
Provision for tax 17.18 17.86
Profit after tax 37.74 25.65
Review of Operations:
The Indian economy is going through challenging times with GDP growth
slowing down to below 5% in F.Y 2012-13. In this difficult times, the
Company has performed well and the turnover of the company has
increased by 11.70% over the previous financial year and earnings
before interest, depreciation and taxation increased by 26.22% over the
previous financial year. The profits are increased due to cost control
measures implemented by the company.
Dividend:
The Company proposes to retain profits of the current year for
company''s future plans and developments. Hence, your directors have
not recommended dividend for the Financial Year 2012-2013.
Listing of Securities:
The company''s shares are listed with the Bombay Stock Exchange and the
Company has complied with all rules, regulations and guidelines of the
Stock Exchange.
Directors Responsibility Statement:
In accordance with the provisions of Section 217 (2AA) of the Companies
Act, 1956 your Directors state:
i) That in preparation of the Annual Accounts, the applicable
Accounting Standards have been followed.
ii) That your directors 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 the state
of affairs of the company at the end of the financial year and of the
profit of the company for that period;
iii) That your directors have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with
provisions of this Act for safe guarding the assets of the company and
for preventing and detecting fraud and other irregularities.
iv) That your Directors have prepared annual accounts on a going
concern basis.
Public Deposits:
The company has not accepted any deposit from the public falling under
the provision of Section 58A and 58 AA of the Companies Act, 1956
during the year under review.
Auditors:
The Auditors M/s. VAS & Co., Chartered Accountants, Secunderabad will
retire at the conclusion of the ensuing Annual General Meeting. They
have signified their willingness to accept re-appointment and have
further confirmed their eligibility under Section 224 (1-B) of the
Companies Act, 1956
Particulars of Employees:
The details required under section 217(2A) of the Companies Act, 1956
read the Companies (Particulars of Employees ) Rules, 1975 are not
furnished as there are no employees who are covered under the above
section.
Conservation of Energy and Foreign Exchange Earnings:
Details regarding Energy Conservation, Technology Absorption, Foreign
Exchange Earnings and outgo as required by Section 217(1)(e) of the
Companies Act, 1956 read with the Companies ( Disclosure of the
Particulars in the Report of Board of Directors ) Rules, 1988 are not
given as the same is not applicable to the Company.
Corporate Governance:
Pursuant to clause 49 of the Listing Agreement, a report on Corporate
Governance and a certificate from the auditors of the company is given,
which forms part of this report.
Compliance Certificate:
The Company has obtained Compliance certificate pursuant to section
383A of the Companies Act, 1956 and is attached to this report.
Industrial Relations:
Employees are our vital and most valuable assets. We have created a
favorable work environment that encourages innovation and creativity.
The Industrial Relations continued to be peaceful during the year.
Acknowledgments:
Your Directors wish to express their grateful appreciation for the
cooperation and support received from the Government, Banks, vendors,
customers, consultants, auditors, staff and others who have been
assisting your Company in the various facets of its operations.
For and on behalf of the Board
Sd/- Sd/-
( Indira Subbarami Reddy) (P. Maruthi Babu)
Director Director
Place : Hyderabad
Date : 29.05.2013
Mar 31, 2012
The Directors have pleasure in presenting the Twenty Sixth Annual
Report together with Audited Statements of Accounts for the year ended
31st March, 2012.
Financial Results:
Your Directors are happy to report the operational results of the
Company for the year ended 31st March 2012, the details of which are as
under:
Rs. In Lakhs
Particulars 2011-2012 2010-2011
Total Income 542.11 470.13
Profit before depreciation and interest 43.51 24.78
Interest - -
Depreciation - -
Profit before tax 43.51 24.78
Provision for tax 17.86 7.69
Profit after tax 25.65 17.09
Review of Operations:
During the year under review turnover of the company has increased by
15.31% over the previous financial year and earnings before interest,
depreciation and taxation increased by 34.37% over the previous
financial year. The profits are increased due to cost control measures
implemented by the company.
Dividend:
The Company proposes to retain profits of the current year for
company's future plans and developments. Hence, your directors have
not recommended dividend for the Financial Year 2011-2012.
Listing of Securities:
The company's shares are listed with the Bombay Stock Exchange and the
annual listing fee for the year 2012-2013 has been paid.
Directors Responsibility Statement:
In accordance with the provisions of Section 217 (2AA) of the Companies
Act, 1956 your Directors state:
i) That in preparation of the Annual Accounts, the applicable
Accounting Standards have been followed.
ii) That your directors 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 the state
of affairs of the company at the end of the financial year and of the
profit of the company for that period;
iii) That your directors have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with
provisions of this Act for safe guarding the assets of the company and
for preventing and detecting fraud and other irregularities.
iv) That your Directors have prepared annual accounts on a going
concern basis.
Public Deposits:
The company has not accepted any deposit from the public falling under
the provision of Section 58A and 58 AA of the Companies Act, 1956
during the year under review.
Auditors:
The Auditors M/s. VAS & Co., Chartered Accountants, Secunderabad will
retire at the conclusion of the ensuing Annual General Meeting. They
have signified their willingness to accept re-appointment and have
further confirmed their eligibility under Section 224 (1-B) of the
Companies Act, 1956
Particulars of Employees:
The details required under section 217(2A) of the Companies Act, 1956
read the Companies (Particulars of Employees ) Rules, 1975 are not
furnished as there are no employees who are covered under the above
section.
Conservation of Energy and Foreign Exchange Earnings:
Details regarding Energy Conservation, Technology Absorption, Foreign
Exchange Earnings and outgo as required by Section 217(1)(e) of the
Companies Act, 1956 read with the Companies ( Disclosure of the
Particulars in the Report of Board of Directors ) Rules, 1988 are not
given as the same is not applicable to the Company.
Corporate Governance:
Pursuant to clause 49 of the Listing Agreement, a report on Corporate
Governance and a certificate from the auditors of the company is given,
which forms part of this report.
Compliance Certificate:
The Company has obtained Compliance certificate pursuant section 383A
of the Companies Act, 1956 and is attached to this report.
Industrial Relations:
Employees are our vital and most valuable assets. We have created a
favorable work environment that encourages innovation and creativity.
The Industrial Relations continued to be peaceful during the year.
Acknowledgments:
Your Directors wish to express their grateful appreciation for the
cooperation and support received from the Government, Banks, vendors,
customers, consultants, auditors, staff and others who have been
assisting your Company in the various facets of its operations.
For and on behalf of the Board
Sd/- Sd/-
(T. INDIRA SUBBARAMI REDDY) (P. MARUTHI BABU)
Director Director
Place : Hyderabad
Date : 30.05.2012
Mar 31, 2011
Dear Members,
The Directors have pleasure in presenting the Twenty Fifth Annual
Report together with Audited Statements of Accounts for the year ended
31st March, 2011.
Financial Results:
Your Directors are happy to report the operational results of the
Company for the year ended 31st March 2011, the details of which are as
under:
Rs. In Lakhs
Particulars 2010-2011 2009-20010
Total Income 470.13 409.10
Profit before depreciation and interest 24.78 17.43
Interest à Ã
Depreciation à Ã
Profit before tax 24.78 17.43
Provision for tax 7.69 5.38
Profit after tax 17.09 12.05
Review of Operations:
During the year under review turnover of the company has increased by
15% over the previous financial year and earnings before tax has
increased by 42% over the previous financial year. The primary reason
for the increase in the profits of the company is due to the profitable
works undertaken and cost controlling measures implemented by the
company.
Dividend:
The Company proposes to retain profits of the current year for
company's future plans and developments. Hence, your directors have
not recommended dividend for the Financial Year 2010-2011.
Listing of Securities:
The company's shares are listed with the Bombay Stock Exchange and the
annual listing fee for the year 2011-2012 has been paid.
Directors Responsibility Statement:
In accordance with the provisions of Section 217 (2AA) of the Companies
Act, 1956 your Directors state:
i) That in preparation of the Annual Accounts, the applicable
Accounting Standards have been followed.
ii) That your directors 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 the state
of affairs of the company at the end of the financial year and of the
profit of the company for that period;
iii) That your directors have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with
provisions of this Act for safe guarding the assets of the company and
for preventing and detecting fraud and other irregularities.
iv) That your Directors have prepared annual accounts on a going
concern basis.
Public Deposits:
The company has not accepted any deposit from the public falling under
the provision of Section 58A and 58AA of the Companies Act, 1956 during
the year under review.
Auditors:
The Auditors M/s. VAS & Co., Chartered Accountants, Secunderabad will
retire at the conclusion of the ensuing Annual General Meeting. They
have signified their willingness to accept re-appointment and have
further confirmed their eligibility under Section 224 (1-B) of the
Companies Act, 1956
Particulars of Employees:
The details required under section 217(2A) of the Companies Act, 1956
read the Companies (Particulars of Employees ) Rules, 1975 are not
furnished as there are no employees who are covered under the above
section.
Conservation of Energy and Foreign Exchange Earnings:
Details regarding Energy Conservation, Technology Absorption, Foreign
Exchange Earnings and outgo as required by Section 217(1)(e) of the
Companies Act, 1956 read with the Companies ( Disclosure of the
Particulars in the Report of Board of Directors ) Rules, 1988 are not
given as the same is not applicable to the Company.
Corporate Governance:
Pursuant to clause 49 of the Listing Agreement, a report on Corporate
Governance and a certificate from the auditors of the company is given,
which forms part of this report.
Compliance Certificate:
The Company has obtained Compliance certificate pursuant section 383A
of the Companies Act, 1956 and is attached to this report.
Industrial Relations:
Employees are our vital and most valuable assets. We have created a
favorable work environment that encourages innovation and creativity.
The Industrial Relations continued to be peaceful during the year.
Acknowledgments:
Your Directors wish to express their grateful appreciation for the
cooperation and support received from the Government, Banks, vendors,
customers, consultants, auditors, staff and others who have been
assisting your Company in the various facets of its operations.
For and on behalf of the Board
Sd/- Sd/-
(T. INDIRA) (P. MARUTHI BABU)
Director Director
Place : Hyderabad
Date : 11.08.2011
Mar 31, 2010
The Directors have pleasure in presenting the Twenty Fourth Annual
Report together with Audited State- ments of Accounts for the year
ended 31st March, 2010.
Financial Results:
Your Directors are happy to report the operational results of the
Company for the year ended 31st March 2010, the details of which are as
under:
Rs. In Lakhs
Particulars 2009-2010 2008-2009
Total Income 409.10 330.20
Profit before depreciation and interest 17.43 3.68
Interest - -
Depreciation - -
Profit before tax 17.43 3.64
Provision for tax 5.38 1.46
Profit after tax 12.05 2.18
Review of Operations:
During the year under review turnover of the company has increased by
24% over the previous financial year and earnings before interest,
deprecation and taxation increased by 450% over the previous financial
year. The primary reason for the increase in the profits of the company
is due to the profitable works undertaken and cost controlling measures
implemented by the company.
Dividend:
The Company proposes to retain profits of the current year for
companys future plans and developments. Hence, your directors have
not recommended dividend for the Financial Year 2009-2010.
Listing of Securities:
The companys shares are listed with the Bombay Stock Exchange and the
annual listing fee for the year 2010-2011 has been paid. The Companys
Script has been revoked from Suspension and commenced trading of the
script from 26th April, 2010 onwards.
Directors Responsibility Statement:
In accordance with the provisions of Section 217 (2AA) of the Companies
Act, 1956 your Directors state:
i) That in preparation of the Annual Accounts, the applicable
Accounting Standards have been followed.
ii) That your directors 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 the state
of affairs of the company at the end of the financial year and of the
profit of the company for that period;
iii) That your directors have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with
provisions of this Act for safe guarding the assets of the company and
for preventing and detecting fraud and other irregularities.
iv) That your Directors have prepared annual accounts on a going
concern basis.
Public Deposits:
The company has not accepted any deposit from the public falling under
the provision of Section 58A and 58 AA of the Companies Act, 1956
during the year under review.
Auditors:
The Auditors M/s. VAS & Co., Chartered Accountants, Secunderabad will
retire at the conclusion of the ensuing Annual General Meeting. They
have signified their willingness to accept re-appointment and have
further confirmed their eligibility under Section 224 (1-B) of the
Companies Act, 1956
Particulars of Employees:
The details required under section 217(2A) of the Companies Act, 1956
read the Companies (Particulars of Employees ) Rules, 1975 are not
furnished as there are no employees who are covered under the above
section.
Conservation of Energy and Foreign Exchange Earnings:
Details regarding Energy Conservation, Technology Absorption, Foreign
Exchange Earnings and outgo as required by Section 217(1)(e) of the
Companies Act, 1956 read with the Companies ( Disclosure of the
Particulars in the Report of Board of Directors ) Rules, 1988 are not
given as the same is not applicable to the Company.
Corporate Governance:
Pursuant to clause 49 of the Listing Agreement, a report on Corporate
Governance and a certificate from the auditors of the company is given,
which forms part of this report.
Compliance Certificate:
The Company has obtained Compliance certificate pursuant section 383A
of the Companies Act, 1956 and is attached to this report.
Industrial Relations:
Employees are our vital and most valuable assets. We have created a
favorable work environment that encourages innovation and creativity.
The Industrial Relations continued to be peaceful during the year.
Acknowledgments:
Your Directors wish to express their grateful appreciation for the
cooperation and support received from the Government, Banks, vendors,
customers, consultants, auditors, staff and others who have been
assisting your Company in the various facets of its operations.
For and on behalf of the Board
Mrs. T INDIRA P. MARUTHI BABU
Director Director
Place : Hyderabad
Date : May 29, 2010
Mar 31, 2009
The Directors have pleasure in presenting the Twenty Third Annual
Report together with Audited Statements of Accounts for the year ended
31st March, 2009.
PERFORMANCE OF THE COMPANY
Your Directors are happy to report the operational results of the
Company for the year ended 31st March 2009, the details of which are as
under:
Rs. In Lakhs
Particulars 2008-2009 2007-2008
Total Income 330.20 2936.40
Profit before depreciation and interest 3.68 24.31
Interest 0.00 0.00
Depreciation 0.04 0.04
Profit before tax 3.64 24.27
Provision for tax 1.46 8.27
Profit after tax 2.18 16.00
OPERATIONS
During the year under review the company has taken up store building
construction work amounting to Rs 100 laks at Jindal Vijayanagaram
Steel Plant work at Tornagallu, Karnataka State and Road works at
Jhansi, Uttar Pradesh. The Directors are exploring the possibility of
getting some more construction and engineering works in the near
future.
DIVIDENDS
The Company proposes to retain profits of the current year for
companys future plans and developments. Hence, your directors have
not recommended dividend for the Financial Year 2007-2008.
LISTING OF SECURITIES
The companys shares are listed with The Bombay Stock Exchange and the
annual listing fee for the year 2009-2010 has been paid.
DIRECTORS RESPONSIBILITY STATEMENT
In accordance with the provisions of Section 217 (2AA) of the Companies
Act, 1956 your Directors state:
i) That in preparation of the Annual Accounts, the applicable
Accounting Standards have been followed.
ii) That your directors 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 the state
of affairs of the company at the end of the financial year and of the
profit of the company for that period;
iii) That your directors have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with
provisions of this Act for safe guarding the assets of the company and
for preventing and detecting fraud and other irregularities.
iv) That your Directors have prepared annual accounts on a going
concern basis.
PUBLIC DEPOSITS:
The company has not accepted any deposit from the public falling under
the provision of Section 58A and 58 AA of the Companies Act, 1956
during the year under review.
AUDITORS
The Auditors M/s. VAS &. Co., Chartered Accountants, Secunderabad will
retire at the conclusion of the ensuing Annual General Meeting. They
have signified their willingness to accept re-appointment and have
further confirmed their eligibility under Section 224 (1-B) of the
Companies Act, 1956
PARTICULARS OF EMPLOYEES
The details required under section 217(2A) of the Companies Act, 1956
read the Companies (Particulars of Employees ) Rules, 1975 are not
furnished as there are no employees who are covered under the above
section.
CONSERVATION OF ENERGY AND FOREIGN EXCHANGE EARNINGS:
Details regarding Energy Conservation, Technology Absorption, Foreign
Exchange Earnings and outgo as required by Section 217(l)(e) of the
Companies Act, 1956 read with the Companies ( Disclosure of the
Particulars in the Report of Board of Directors ) Rules, 1988 are not
given as the same is not applicable to the Company.
CORPORATE GOVERNANCE
Pursuant to clause 49 of the Listing Agreement, a report on Corporate
Governance and a certificate from the auditors of the company is given
in the Annexure - A and Annexure-B respectively, which forms part of
this report.
COMPLIANCE CERTIFICATE:
The Company has obtained Compliance certificate pursuant section 383A
of the Companies Act, 1956 and is attached to this report.
INDUSTRIAL RELATIONS
The Industrial Relations continued to be peaceful during the year.
ACKNOWLEDGEMENTS
Your Directors place on record their appreciation for the valuable
co-operation and help extended by Banks, Auditors, Employees and
Government in achieving the objectives of the Company.
For and on behalf of the Board
Sd/
P. MARUTHI BABU
Director
Place : Hyderabad
Date : June 29, 2009