Mar 31, 2012
Dear Shareholders,
The Directors have pleasure in presenting their Annual Report together
with the Audited statement of Accounts of the Company for the period
ended 31st March, 2012.
OVERVIEW
The company has accumulated losses of Rs. 2.86 Crores and has incurred
losses in the financial year under review.
DIVIDEND
The Board of Directors expresses their inability to recommend dividend
for the financial year 2011-12 due to loss incurred during the year.
ACCEPTANCE OF DEPOSITS
The Company has not accepted any deposits during the year under review.
PARTICULARS REGARDING EMPLOYEES
There is no employee in the Company whose particulars are required to
be given under Section 217(2A) of the Companies Act, 1956 read with the
Companies (Particulars of Employees) Rules, 1975, as amended.
DIRECTORS
Mr. Manohar Sharma, Mr. Chandra Prakash Talwar, Mr. Ajay Jain are
appointed as Directors during the year.
Director who is liable to retire by rotation is eligible to be
re-appointed.
DIRECTORS'' RESPONSIBILTY STATEMENT
The Board of directors of your Company states:
1. That in the preparation of the annual accounts, the applicable
accounting standards has been followed.
2. 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 fair view of the state
of the Company at the end of the financial year and of the loss of
Company for that period.
3. That the Directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provision of the Companies Act, 1956 safeguarding the assets of the
Company and for preventing and detecting fraud and other
irregularities.
4. That the Directors had prepared the annual accounts on a going
concern basis.
REPORT ON CORPORATE GOVERNANCE
The Report on Corporate Governance along with Auditors Certificate on
the same has been enclosed to this Annual Report.
LEGAL ACTION AGAINST THE COMPANY
There are several orders passed by SEBI against the Company details of
which are given here in below
Date of Order Order No. Penalty / Action
February 10,
2008 WTM/VKC/ID6/139/08 Prohibited from buying, selling
or otherwise dealing or
associating with the
securities market in any manner
whatsoever for a period
of 2 years
April 23, 2009 WTM/KMA/60/04/2009 Ex- Parte Interim Order
directing not to buy, sell or
deal in the securities market
in any manner till further
direction.
August 20, 2009 IVD/WOL/AO/DRK/ASC/E Imposed penalty of Rs. 5 lacs
AD 3-45/2009
September 22, VSS/AO-144/2009 Imposed penalty of Rs. 2 lacs
2009
January 12, 2010 WTM/KMA/IVD/204
/01/2010 Confirming the Ex-parte
Interim order dated
April 23, 2009
June 10, 2010 MC/AO-05/2010 Imposed penalty of Rs. 5 lacs
The company has defaulted in filing certain compliances at ROC.
AUDITORS
The Auditors M/s. Vishves A. Shah & Co., Chartered Accountants,
Statutory Auditors of the company will retire at the conclusion of the
forthcoming Annual General Meeting. The Company has received intimation
to the effect that their appointment, would be within the prescribed
limits under Section 224(1B) of the Companies Act, 1956.
AUDITORS'' REPORT
The observations of the auditors in their report are self-explanatory
and therefore, in the opinion of the Directors, do not call for further
comments.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNINGS AND OUTGO
The particulars as required under the provisions of Section 217(1)(e)
of the Companies Act, 1956 in respect of conservation of energy and
technology absorption have not been furnished considering the nature of
activities undertaken by the company during the year under review.
Further during the year under review, the Company has neither earned
nor used any foreign exchange.
ACKNOWLEDGEMENTS
Your Directors place on record their gratitude for the continuing
support of Shareholders, bankers and Business associates at all levels.
BY ORDER OF THE BOARD OF DIRECTORS
For Genus Commu-Trade Limited
Place: Palanpur
Date: 02/09/2012 Chairman
Mar 31, 2011
The Directors have pleasure in presenting their Annual Report together
with the Audited statement of Accounts of the Company for the period
ended 31st March, 2011.
OVERVIEW
The company has accumulated losses of Rs. 2.77 Crores and has incurred
losses in the financial year under review.
DIVIDEND
The Board of Directors expresses their inability to recommend dividend
for the financial year 2010-11 due to loss incurred during the year.
ACCEPTANCE OF DEPOSITS
The Company has not accepted any deposits during the year under review.
PARTICULARS REGARDING EMPLOYEES
There is no employee in the Company whose particulars are required to
be given under Section 217(2A) of the Companies Act, 1956 read with the
Companies (Particulars of Employees) Rules, 1975, as amended.
DIRECTORS
Mr. Chandra Prakash Talwar, Mr. Ajay Jain and Mr. Manohar Sharma are
appointed as Directors. They are appointed by special resolution passed
during the year.
Director who is liable to retire by rotation is eligible to be
re-appointed.
DIRECTORS' RESPONSIBILTY STATEMENT
The Board of directors of your Company states:
1. That in the preparation of the annual accounts, the applicable
accounting standards has been followed.
2. 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 fair view of the state of the
Company at the end of the financial year and of the profit/loss of
Company for that period.
3. That the Directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provision of the Companies Act, 1956 safeguarding the assets of the
Company and for preventing and detecting fraud and other
irregularities.
4. That the Directors had prepared the annual accounts on a going
concern basis.
REPORT ON CORPORATE GOVERNANCE
The Report on Corporate Governance along with Auditors Certificate on
the same has been enclosed to this Annual Report.
LISTING
The Equity shares of the company are listed on BSE and ASE.
The trading in Equity Shares of the Company was suspended by BSE from
August 23, 2010 to August 27, 2010 due to non compliance of Listing
Agreement.
The trading in Equity shares of the Company is suspended by ASE.
LEGAL ACTION AGAINST THE COMPANY
There are several orders passed by SEBI against the Company details of
which are given here in below
Date of
Order Order No. Penalty / Action_
February 10,
2008 WTM/VKC/ID6/139/08 Prohibited from buying,
selling or otherwise
dealing or associating
with the securities market
in any manner whatsoever
for a period of 2 years
April 23, 2009 WTM/KMA/60/04/2009 Ex- Parte Interim Order
directing not to buy,
sell or deal in the
securities market in any
manner till further
direction.
August 20, 2009 IVD/WOL/AO/DRK/ASC/E Imposed penalty of Rs.
5 lacs
AD 3-45/2009
September 22, VSS/AO-144/2009 Imposed penalty of Rs.
2 lacs
2009
January 12,
2010 WTM/KMA/IVD/204/01/2010 Confirming the Ex-parte
Interim order
dated April 23, 2009
June 10.2010 MC/AQ-05/2010 Imposed penalty of Rs.
5 lacs
The company has defaulted in filing certain compliances at ROC.
AUDITORS
The Auditors M/s. Vishves A. Shah & Co., Chartered Accountants,
Statutory Auditors of the company will retire at the conclusion of the
forthcoming Annual General Meeting. The Company has received an
intimation to the effect that their appointment, would be within the
prescribed limits under Section 224(1 B) of the Companies Act, 1956.
AUDITORS REPORT
The observations of the auditors in their report are self-explanatory
and therefore, in the opinion of the Directors, do not call for further
comments.
CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNINGS AND OUTGO
The particulars as required under the provisions of Section 217(1)(e)
of the Companies Act, 19S6 in respect of conservation of energy and
technology absorption have not been furnished considering the nature of
activities undertaken by the company during the year under review.
Further during the year under review, the Company has neither earned
nor used any foreign exchange.
ACKNOWLEDGEMENTS
Your Directors place on record their gratitude for the continuing
support of Shareholders, bankers and Business associates at all levels.
BY ORDER OF THE BOARD OF DIRECTORS
For Genus Commu Trade Limited
Place: Palanpur Hftesh M Panchal
Date : August 28, 2011 Chairman
Mar 31, 2010
TO, The Members of GENUS COMMU-TRADE LIMITED Palanpur.
Dear Shareholders,
The Director have pleasure in presenting their Annual Report together
with the Audited Accounts of the company for the period ended 31st
March,2010.
OVERVIEW:
The company has incurred losses in the financial year under review as
compare to profit in the previous year.
DIVIDEND
The Board of Directors expresses their inability to recommend divided
for the financial year 2009-10 due to loss incurred during the year.
ACCEPTANCE OF DEPOSITS:
The Company has not accepted any deposits during the year under review.
PARTICULARS REGARDING EMPLOYEES:
There is no employee in the company whose particulars are required to
be given under section 217(2a) of the companies Act., 1956 read with
the companies particulars of employees Rules 1975 as amended.
DIRECTORS:
Mr.Praful vithalbhai misery appointed as an Additional Director during
the year holds office up to the forthcoming AGM. Your directors
recommends his appointments Directors in ensuring AGM.
Mr.Jayesh Naranbhai Patel resigned during the financial year under
review The board appreciated the service rented by him.
DIRECTORS'' RESPONSIBILITY STATEMENT:
The Board of Directors of your Company states:
1. That in the preparation of the annual accounts the applicable
accounting standards has been followed.
2. that the Directors had selected such accounting policies them
consistently and made judgments and estimates that are reasonable and
prudent so as to given a true and fair view of that state of the
company at the end of the financial year and of the profit/loss of
company for that period.
3. that the Directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provision of the companies Act,1956 safeguarding they assets of the
company and preventing and detecting fraud other irregurities.
4. that the Directors had prepared the annual accounts on ageing
concern basis ''
REPORT ON CORPORATE GOVERNANCE
The Report on corporate Governance along with Auditors certificate on
the same has been enclosed to this Annual Report.
AUDITORS:
The Auditors M/s. vishves A. Shah & Co., Chartered Accountants who was
appointed during the year will retire at the conclusion of the
forthcoming Annual General Meeting and are eligible for re-
appointment. The company has received a letter to the effect that their
appointment, would be with the prescribed limits under section 224(1
B) of the companies Act, 1956.
AUDITORS'' REPORT:
The observations of the auditors in their report are self-explanatory
and therefore, in the opinion of the Directors, do not call for further
comments.
CONSERVATION OF ENERCY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNINGS AND OUTGO:
The particulars as required under the provisions of Section 2l7(l)(e)
of the Companies Act, 1956 in respect of conservation of energy and
technology absorption have not been furnished considering the nature of
activities undertaken by the company during the year under review.
Further during the year under review, the company has neither earned nor
used any foreign exchange.
ACKNOWLEDGMENTS:
Your Directors place on record their gratitude for the continuing
support of shareholders, bankers and other Business associates at all
levies.
By order of the Board of Directors
GENUS COMMU-TRADE LIMITED
CHAIRMAN
Place: Palanpur
Date :28th August, 2010
Mar 31, 2009
The Directors have pleasure in presenting their Annual Report together
with the Audited statement
FINANCIAL RESULT
FINANCIAL RESULT 31/03/2009 31/03/2008
Profit/( Loss)before Taxation 233895,00 182172.00
Profit/( Loss)after
Taxation/FBT 123794.00 161060,00
Profit/(toss )Brought Forward 306407.00 125353,00
Profit/( Loss )Carried Forward 466467.00 306407.00
DIVIDEND: -
Due to insufficient profit, your Directors are unable to declare
dividend.
ACCEPTANCE OF DEPOSITS:-
The Company has not accepted any deposits during the year under review.
PARTICULARS REGARDING EMPLOYEES:-
There is no employee getting salary of Rs.2,00,000/- or more per month
if employed for the part of a year.
DIRECTORS
There is no change in director during the year under review.
DIRECTORS RESPONSIBILITY STATEMENT:
The Board of Directors of your Company state:
1. That in the preparation of the annual accounts, the applicable
accounting standard had been followed
2. 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 the company at the end of the financial year and of the profit of
company for that period;
3. That the directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provision of the Companies Act, 1956 safeguarding the assets of the
company and for preventing and detecting fraud and other irregularities:
4. That the directors had prepared the annual accounts on a going
concern basis.
AUDITORS:-
M/S Shirish Dalal & Associates. Chartered Accountants, Statutory
Auditors of the Company, appointed at Extra-Ordinary General meeting
hold office until the conclusion of the forthcoming Annual General
Meeting and are eligible for re-appointment. The company has received
letter from them to the effect that their appointment, if made, would
be within the prescribed limits under Section 224(1-B) of the Companies
Act, 1956.
Your Directors recommend for their appointment.
APPOINTMENT OF PRACTISING COMPANY SECRETARY
Company is required to re-appoint a practicing Company Secretary to
carry out the Secretarial Compliance audit of the Company for the year.
Shri Company Secretary in Whole Time Practice, be reappointed to carry
out the secretarial audit for the year 2009-10.
Your directors recommend for his appointment.
OTHER INFORMATIONS:-
In term of section 217(i) of the Companies Act, 1956 (as amended) and
the companies (disclosure of particulars in the report of directors)
Rules 1988, your Directors furnish hereunder the additional information
as required.
1. Conservation of Energy: - There is no activity involving power
consumption hence not applicable.
2. Technical Absorption:- Nil
3. Foreign exchange earning and outgo: - There is no foreign exchange
earning and outgo during the year under review.
BY ORDER OF THE BOARD OF DIRECTORS
Place: AHMEDABAD
Dated: 05-09-09 DIRECTOR
Registered office:
310, Anand Milan Complex
Opp Jain Derasar,
Navrangpura, Ahmedabad
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