Mar 31, 2015
Dear Members,
The Directors have pleasure in presenting their 31st Annual Report on
the business and operations of your Company and the Audited Accounts
for the year ended 31st March, 2015
FINANCIAL RESULTS
Particulars For the Year ended For the Year ended
31st March, 2015 31st March, 2014
Profit before depreciation & Tax 75,71,336 80,93,487
Less: Depreciation 61,38,904 64,12,570
Profit before Tax 14,32,432 16,80,917
Current Tax 8,90,958 8,60,628
Deferred Tax Provision (3,21,058) (5,00,873)
Profit after Tax 8,62,533 13,21,162
Profit brought forward from last year 19,130,642 17,809,480
Profit carried over to Balance Sheet 19,472,333 19,130,642
OPERATIONAL REVIEW
The Company has recorded sales of Rs 3646.75 lacs for the current year
2014-15 as compared to Rs 3582.61 lacs in the previous year 2013-14.
The Net Profit for the year under review amounted to Rs 8,62,533 in the
current year as compared to Rs 13,21,163 in the previous year.
DIVIDEND
The Board of Directors does not recommend any dividend for the year.
TRANSFER TO RESERVES
The Company has not transferred any amount to reserves.
MATERIAL CHANGES BETWEEN THE DATE OF THE BOARD REPORT AND END OF
FINANCIAL YEAR
There have been no material changes and commitments, if any, affecting
the financial position of the Company which have occurred between the
end of the financial year of the Company to which the financial
statements relate and the date of the report.
SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR
TRIBUNAL IMPARTING THE GOING CONCERN STATUS AND COMPANY'S OPERATION IN
FUTURE
During the year under review there has been no such significant and
material orders passed by the regulators or courts or tribunals
impacting the going concern status and company's operations in future.
SUBSIDIARY COMPANY
As on March 31, 2015, the Company does not have any subsidiary.
DEPOSITS
The Company has not invited/ accepted any deposits from the public
during the year ended March 31, 2015. There were no unclaimed or unpaid
deposits as on March 31, 2015.
CORPORATE SOCIAL RESPONSIBILTY
The company does not meet the criteria of Section 135 of Companies Act,
2013 read with the Companies (Corporate Social Responsibility Policy)
Rules, 2014 so there is no requirement for constitution of Corporate
Social Responsibility Committee
DIRECTORS
1 .Shri Shyam Sunder Mukhija, Director of the Company retire by
rotation at the ensuing Annual General Meeting and being eligible,
offer himself for re-appointment. Details of the Director seeking
re-appointment are provided in the Corporate Governance Report forming
part of this report.
2. Statement on Declaration given by Independent Director
All Independent Directors have given declaration that they meet the
criteria of Independence as laid down under Section 149(6) of the
Companies Act, 213 and Clause 49 of the Listing Agreements.
3. Board Evaluation
In Compliance with the Companies Act, 2013 and Clause 49 of Listing
Agreement , the Board has carried out an annual performance evaluation
of its own performance, the Directors individually as well as
evaluation of the working of its Audit , Nomination & Remuneration
Committee and other committees. More details on the same is given in
the Corporate Gover- nance Report.
AUDITORS
M/s O.P. Dad & Co., Chartered Accountants and Auditors of the Company,
retire at the conclusion of the ensuing Annual General Meeting of the
Company and being eligible, offer themselves for re-appointment. Your
Directors recommend for their re-appointment.
SECRETARIAL AUDIT REPORT
The Board of Directors has appointed M/s R K Jain & Associates, Company
Secretaries in Whole-Time Practice to conduct Secretarial Audit under
the provisions of section 204 of the Companies Act, 2013. The details
forming part of Secretarial Audit Report for Financial Year 2014-15 in
form MR-3 is enclosed herewith as per Annexure-I. The report does not
contain any qualification.
The Board of Directors has re-appointed M/s R K Jain & Associates,
Company Secretaries in Whole-Time Practice, being eligible, to conduct
Secretarial Audit for the Financial Year 2015-16 under the provisions
of section 204 of the Companies Act, 2013
CORPORATE GOVERNANCE
The Company is committed to maintain the high standards of Corporate
Governance. Your Directors adhere to the requirements set out in
Companies Act, 2013 and the listing Agreement with the Stock Exchanges
and have implemented all the prescribed requirements. Pursuant to
clause 49 of the Listing Agreement with the Stock Exchanges, the Report
on Corporate Governance and Management Discussions & Analysis have been
incorporated in the Annual Report and forms an integral part of the
Annual Report.
DIRECTORS' RESPONSIBILITY STATEMENT
Pursuant to sub-section 3 (c) of Section 134 of the Companies Act,
2013, the Board of Directors of the Company hereby state and confirm
that:
(i) in the preparation of Annual Accounts, the applicable accounting
standards have been followed and wherever required, proper explanation
relating to material departures have been given;
(ii) 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 the state of affairs of
the Company at the end of the financial year and of the profit or loss
of the Company for that period;
(iii) they have taken proper and sufficient care for the maintenance of
adequate accounting records in accordance with the provisions of the
Companies Act, 2013 for safeguarding the assets of the Company and for
preventing and detecting frauds and other irregularities,
(iv) they have prepared the Annual Accounts on a going concern basis;
(v) they have laid down internal financial controls to be followed by
the Company and that such internal financial controls are adequate and
were operating effectively; and
(vi) They have devised proper systems to ensure compliance with the
provisions of all applicable laws and that such systems were adequate
and operating effectively.
HUMAN RESOURCE DEVELOPMENT
Industrial relations continued to be cordial during the period under
review. Your Company firmly believes that a dedicated work force
constitutes the primary source of sustainable competitive advantage.
Accordingly, human resource develop- ment received focused attention.
Your Directors wish to place on record their appreciation for the
dedicated services rendered by the work force during the year under
review.
ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNINGS AND OUTGO
A Statement giving details of conservation of energy, technology
absorption, foreign exchange earnings and outgo in accordance with the
Rule 8 (3) of the Companies (Accounts) Rules, 2014 is enclosed as
Annexure - II and forms integral part of this Report.
OTHER DISCLOSURES UNDER COMPANIES ACT, 2013
i) Number of Board Meetings :
The Board of Directors met Nine (9) times in the year 2014-15. The
details of the Board Meeting and the attendance of the Directors are
provided in the Corporate Governance Report.
ii) Composition of Audit Committee :
The Board constituted the Audit Committee which comprises of Sh.Manish
Mandhana, Chairman, Shri Anil Laddha, Shri Anil Dasot & Sh. Shyam
Sunder Mukhijaas members. All the recommendations of Audit Committee
have been accepted by the Board. More details on the committee are
given in the Corporate Governance Report.
iii) Related Party Transactions :
All the related party transactions are entered on arm's length basis
and are in compliance with the applicable provisions of the Act and
Listing Agreement. There is no materially significant related party
transaction with Promoters, Directors or Key Management Personnel which
may have potential conflict with the interest of the Company at large.
During the year, the Company has not entered into any related party
transactions under the section 188 of the Companies Act, 2013 and the
particulars of contracts or arrangements with related parties are Nil
and Form AOC-2 is enclosed as Annexure - III
iv) Loans Guarantees or Investments:
The Company has not given any Loan, Guarantee and also not made any
Investments under the section 186 of the Companies Act, 2013.
v) Vigil Mechanism/Whistle Blower Policy:
In pursuance of section 177 (9) of the Companies Act, 2013 and the
listing agreement, the Company has in place a Vigil Mechanism/Whistle
Blower Policy for Directors and employees to report genuine concern.
More details pertaining to the same are given in the Corporate
Governance Report.
vi) Nomination, Remuneration & Evaluation Policy :
In pursuant to provisions of section 178 of the Companies Act, 2013 and
Listing Agreement, the Board of Directors approved Nomination,
Remuneration & Evaluation Policy for appointment, remuneration &
evaluation of the Directors, Key Management Personnel & Senior
Management Personnel. The details of the Nomination and Remuneration
committee, Nomination, Remuneration & Evaluation Policy and Annual
Evaluation carried out by the Board of Directors are given in the
Corporate Governance Report.
vii) Particulars of Employees & Analysis of Remuneration:
Particulars of employees and analysis of remuneration as required under
section 197 (12) of the Companies Act, 2013 read with Rule 5 of the
Companies (Appointment and Remuneration of Managerial Personnel) Rules,
2014 are enclosed as Annexure - IV.
Director State that during the year review, there were no cases filed
pursuant to Sexual Harassment of Woman at workplace (Prevention,
Prohibition and Redressal) Act, 2013.
viii) Extract of Annual Return :
The details forming part of the extract of the Annual Return is
enclosed as Annexure- V
ACKNOWLEDGEMENTS
Directors wish to express their grateful appreciation for assistance
and co-operation received from various Departments of Central & State
Governments and Banks during the year under review. Your Directors also
wish to place on record their appreciation for the committed services
of all the associates, vendors of the Company.
Place: Jaipur For and on Behalf of the Board of Directors
Date: 27 th May, 2015 Sd/-
(RAJEEV MUKHIJA)
Managing Director
DIN No. 00507367
Sd/-
(SHYAM SUNDER MUKHIJA)
Director
DIN:01552629
Mar 31, 2014
Dear Members,
The Board of Directors have pleasure to present the in presenting the
30th Annual Report and Statement of Accounts for the year ended 31st
March, 2014
FINANCIAL RESULTS
Particulars For the Year For the Year
ended ended
31st March, 2014 31st March, 2013
Profit for the Year 80,93,487 93,14,339
Less: Depreciation 64,12,570 75,14,164
Profit before Tax 16,80,917 18,00,175
Current Tax 8,60,628 4,57,363
MAT credit revert back (Recognized) - 1,80,435
Deferred Tax Provision (5,00,873) (2,42,643)
Profit after Tax 13,21,162 14,05,021
Profit brought forward
from last year 17,809,480 16,404,459
Profit carried over to Balance
Sheet 19,130,642 17,809,480
OPERATIONS & FUTURE PROSPECTS
During the year company has achieved sales of Rs.3582.61 lacs (P.Y.Rs.
3036.88 lacs).
DIVIDEND
The Board of Directors does not recommend any dividend for the year.
DIRECTORS
Shri Shyam Sunder Mukhija, Director of the company, retires by rotation
at the ensuing Annual General Meeting and is eligible for
reappointment.
Shri Manish Mandhana, Shri Anil Laddha and Shri Anil Dasot Director of
the company, appointed as an Independent Director.
PARTICULARS OF EMPLOYEES
There is no person in the employment of the company drawing
remuneration exceed as per section 217 (2A) of the Companies Act,1956.
AUDITOR''S QUALIFICATION
The company is consistently following its Accounting Policy (1-F) in
regard to Gratuity. However, the company has ascertained the gratuity
liability and the same has been provided in this year.
AUDITORS
M/s O P Dad & Co., Chartered Accountants and Auditors of the Company
will retire at the conclusion of the ensuing Annual General Meeting of
the Company and being eligible, offer themselves for re-appointment.
The Board of Directors recommend for their re-appointment.
CORPORATE GOVERNANCE
The Company is committed to maintain the high standards of Corporate
Governance. Your Directors adhere to the requirements set out in the
listing Agreement with the Stock Exchanges and have implemented all the
prescribed requirements. Pursuant to clause 49 of the Listing
Agreement with the Stock Exchanges, the Report on Corporate Governance
and Management Discussions & Analysis have been incorporated in the
Annual Report and forms an integral part of the Directors'' Report.
PARTICULARS WITH RESPECT OF CONSERVATION OF ENERGY, TECHNOLOGY
ABSORPTION, FOREIGN EXCHANGE EARNING AND OUTGO.
As regards disclosure U/S 217 (1) (e) of the Companies Act, 1956 read
with the Companies (Disclosure of particulars in the report of Board of
Directors) Rules, 1988 regarding conservation of energy, technology
absorption and foreign exchange earning and outgo is given in the
Annexure "A".
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 :
(i) that in the preparation of the annual accounts for the financial
year ended 31st March, 2014 the applicable accounting standards had
been followed along with proper explanation relating to material
departures;
(ii) 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 and loss of the Company for the year under review;
(iii) that the directors had taken proper and sufficient care for the
maintenance of adequate account- ing 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;
(iv) that the directors had prepared the accounts for the financial
year ended 31st March, 2014 on a ''going concern'' basis.
APPRECIATION
The Board records its appreciation for the sincere co-operation and
guidance from Financial Institutions, Banks and Central and State
Government Authorities.
On behalf of the Board of Directors
Sd/-
(RAJEEV MUKHIJA)
Managing Director
Place: Jaipur DIN NO. 00507387
Dated: 24th May, 2014 Sd/-
(SHYAM SUNDER MUKHIJA)
Director
DIN:01552629
Mar 31, 2013
To THE MEMBERS,
The Board of Directors have pleasure to present the in presenting the
29th Annual Report and Statement of Accounts for the year ended 31st
March, 2013
1. FINANCIAL RESULTS
31st March, 2013 31 at March, 2012
Profit for the Year 93,14,339 75,24*949
Less: Depreciation 75,14,164 58,58,190
Profit before Tax 18,00,175 16,66,759
Current Tax 4,57,363 3,25,109
MAT credit revert back
(Recognized) 1,80,435 (1,80,435)
Deferred Tax Provision (2,42,643) 3,78,222
Profit after Tax 14,05,021 11,43,863
Profit brought forward
from last year 16,404,459 15,260,596
Profit carried over
to Balance Sheet 17,809,480 16,404,459
OPERATIONS & FUTURE PROSPECTS
During the year company has achieved sales of Rs.3036.88 lacs (P.Y.Rs.
2985.41 lacs).
Dividend
The Board of Directors do not recommend any dividend for the year.
DIRECTORS
Shri Anil Laddha and Shri Manish Mandhana, Director of the company,
retires by rotation at the ensuing Annual General Meeting and are
eligible for reappointment.
PARTICULARS OF EMPLOYEES
There is no person in the employment of the company drawing
remuneration exceed as per section 217 (2 A) of the Companies Act,
1956.
AUDITOR S QUALIFICATION
The company is consistently following its Accounting Policy (1-F) in
regard to Gratuity. However, the company has ascertain the gratuity
liability and the same has been provided in this year.
AUDITORS
M/S O P Dad & Co. Chartered Accountants, Bhilwara to hold office as a
Auditor of the Company from ensuing Annual general Meeting to next
Annual General Meeting of the Company, subject to approval of members.
The company has obtained a certificate as required u/s 224 of the
Companies Act,1956 from M/S OP Dad & Co. Chartered Accountants to the
effect that their appointment, if made would be in conformity with the
limits specified in the said section.
CORPORATE GOVERNANCE
Pursuant to clause 49 of the Listing Agreements with the Stock
Exchanges, a Management Discussion and Analysis, Corporate Governance
Report and Auditors'' Certificate regarding compliance of conditions of
corporate governance are made a part of the Annual Report.
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 :
(i) that in the preparation of the annual accounts for the financial
year ended 31st March, 2013 the applicable accounting standards had
been followed along with proper explanation relating to material
departures;
(ii) 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 and loss of the Company for the year under review;
(iii) 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;
(iv) that the directors had prepared the accounts for the financial
year ended 31st March, 2013 on a going concern'' basis. ''
APPRECIATION
The Board records its appreciation for the sincere co-operation and
guidance from Financial Institutions, Banks and Central and State
Government Authorities.
For and on behalf of the Board
NUTECH GLOBAL LIMITED
Sd/-
(RAJEEV MUKHWA)
Managing Director
Jaipur Sd/-
Dated : 24th May, 2013 (SHYAM SUNDER MUKHiJA)
Director
Mar 31, 2012
The Board of Directors have pleasure to present the in presenting the
28th Annual Report and Statement of Accounts for the year ended 31st
March, 2012
1. FINANCIAL RESULTS
For the Year ended For the Year ended
31st March, 2012 31st March, 2011
Profit for the Year 75,24,949 61,30,922
Less: Depreciation 58,58,190 51,48,219
Profit before Tax 16,66,759 9,82,703
Current Tax 3,25,109 2,27,514
MAT credit revert back (Recognised) (1,80,435) -
Deferred Tax Provision 3,78,222 (1,74,773)
Profit after Tax 11.43.863 9.29.963
Profit brought forward from last year 15,260,596 14,330,633
Profit carried over to Balance Sheet 16,404,459 15,260,596
OPERATIONS & FUTURE PROSPECTS
During the year company has achieved sales of Rs.2985.41 lacs(P.Y.Rs.
2734.67 lacs).
Dividend
The Board of Directors do not recommend any dividend for the year.
DIRECTORS
Shri Anil Dasot and Smt. Radhika Mukhija, Director of the company,
retires by rotation at the ensuing Annual General Meeting and are
eligible for reappointment.
PARTICULARS OF EMPLOYEES
There is no person in the employment of the company drawing
remuneration exceed as per section 217 (2A) of the Companies Act, 1956.
AUDITOR'S QUALIFICATION
The company is consistently following its Accounting Policy (1-F) in
regard to Gratuity. However, the company has ascertain the gratuity
liability and the same has been provided in this year.
AUDITORS
M/S O P Dad & Co. Chartered Accountants, Bhilwara to hold office as a
Auditor of the Company from ensuing Annual general Meeting to next
Annual General Meeting of the Company, subject to approval of members.
The company has obtained a certificate as required u/s 224 of the
Companies Act ,1956 from M/S O P Dad & Co. Chartered Accountants to the
effect that their appointment, if made would be in conformity with the
limits specified in the said section.
CORPORATE GOVERNANCE
Pursuant to clause 49 of the Listing Agreements with the Stock
Exchanges, a Management Discussion and Analysis, Corporate Governance
Report and Auditors' Certificate regarding compliance of conditions of
corporate governance are made a part of the Annual Report.
PARTICULARS WITH RESPECT OF CONSERVATION OF ENERGY, TECHNOLOGY
ABSORPTION, FOREIGN EXCHANGE EARNING AND OUTGO.
As regards disclosure U/5i 2f7 (1) (e) of the Gomp&nies AcU956 read
wtfrthe Ccmp8nies (E)isclo- sure of particulars in the report of Board
of Directors) Rules, 1988 regarding conservation of energy, technology
absorption and foreign exchange earning and outgo is given in the
Annexure "A".
DIRECTOR'S RESPONSIBiyTY 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 :
(i) that in the preparation of the annual accounts for the financial
year ended 31st March, 2012 the applicable accounting standards bad
been followed along with proper explanation relating to material
departures; s
(ii) 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 and loss of the Company for the year under review;
(iii) 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;
(iv) that the directors had prepared the accounts for the financial
year ended 31st March, 2012 on a 'going concern' basis.
APPRECIATION
The Board records its appreciation for the sincere co-operation and
guidance from Financial Institutions, Banks and Central and State
Government Authorities.
On behalf of the Board of Directors
Sd /-
Jaipur (RAJEEV MUKHIJA)
Dated:25th May, 2012 Managing Director
Sd /-
(SHYAM SUNDER MUKHIJA)
Director
Mar 31, 2010
The Board of Directors have pleasure to present the 26th Annual Report
and Statement of Accounts for the year ended 31st March, 2010.
1. FINANCIAL RESULTS
For the Year For the Year
ended ended
31st March 2010 31st March 2009
Profit for the year 56,15,423.14 58,22,145.59
Less: Depreciation 50,63,15 .64 74,09,857.71
Profit before tax 5.52.267.50 (15,87,712.12)
Prior period item 53,378.00 (31510.00)
Provision for tax 85,325.00 1,01,363.08
Fringe Benefit Tax 1,590.00 94077.00
Deferred Tax Provision 4,14,336.00 (5,85,230.00)
Profit after tax (2,361.50) (12,29,432.36)
Profit brought forward
from last year 14,332,994.54 15,562,426.90
Profit carried over
to Balance Sheet 14,330,633.04 1,43,32,994.54
OPERATIONS & FUTURE PROSPECTS
During the year company has achieved sales of Rs.2471.93 lacs(P.Y.Rs.
2419.29 lacs).
DIVIDEND
The Board of Directors do not recommend any dividend for the year.
DIRECTORS
Shri Manish Mandhana and Shri Anil Dasot .Director of the company,
retires by rotation at the ensuing Annual General Meeting and are
eligible for reappointment.
PARTICULARS OF EMPLOYEES
There is no person in the employment of the company drawing
remuneration exceed as per section 217 (2A) of the Companies Act, 1956.
AUDITORS QUALIFICATION
The company is consistently following its Accounting Policy (1-F) in
regard to Gratuity. However, the company has ascertain the gratuity
liability and the same has been provided in this year.
AUDITORS
M/s B.KHOSLA & Co., Chartered Accountants, M.I.Road, Jaipur will cease
to hold office as Auditors of the Company in the ensuing Annual General
Meeting of the Company . The Board records its grateful apprecia- tion
for the sincere efforts and valuable guidance which has been given time
to time by the Auditors B.KhosIa & Co. Chartered Accountants, Jaipur
The Board of Directors propose to appoint M/S O P Dad & Co. Chartered
Accountants, Bhilwara to hold office as a Auditor of the Company from
ensuing Annual general Meeting to next Annual General Meeting of the
Company, subject to approval of members. The company has obtained a
certificate as required u/s 224 of the Companies Act , 1956 from M/S O
P Dad & Co. Chartered Accountants to the effect that their appointment,
if made would be in conformity with the limits specified in the said
section.
CORPORATE GOVERNANCE
Pursuant to clause 49 of the Listing Agreements with the Stock
Exchanges, a Management Discussion and Analysis, Corporate Governance
Report and Auditors Certificate regarding compliance of conditions of
corporae governance are made a part of the Annual Report.
PARTICULARS WITH RESPECT OF CONSERVATION OF ENERGY, TECHNOLOGY
ABSORPTION, FOR- EIGN EXCHANGE EARNING AND OUTGO.
As regards disclosure U/S 217 (1) (e) of the Companies Act, 1956 read
with the Companies (Disclosure of particulars in the report of Board of
Directors) Rules, 1988 regarding conservation of energy, technology
absorption and foreign exchange earning and outgo is given in the
Annexure "A".
DIRECTORS RESPONSIBILITY STATEMENT
Pursuant to the requirement under Section 217(2AA) of the Companies
Act, 1956 with respect to Directors
Responsibility Statement, it is hereby confirmed :
(i) that in the preparation of the annual accounts for the financial
year ended 31st March, 2010 the applicable accounting standards had
been followed along with proper explanation relating to material
departures;
(ii) 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 and loss of the Company for the year under review;
(iii) - 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;
(iv) that the directors had prepared the accounts for the financ.al
year ended 31st March, 2010 on a going concernbasis.
APPRECIATION
The Board records its appreciation for the sincere co-operation and
guidance from Financial Institutions, Banks, Central and State
Government Authorities.
On behalf of the Board of Directors
(RAJEEV MUKHIJA)
Sd/-
Managing Director
Bhilwara
Dated:31st May, 2010 Sd/-
(SHYAM SUNDER MUKHIJA)
Director