Mar 31, 2014
Dear Members,
The Directors are delighted to present their 22nd Annual Report along
with the Audited Accounts for the financial year ended 31st March 2014.
Financial Performance :
Particulars Standalone Consolidated
2014 2013 2014
Income From Operations
Job work Charges 1129500 944000 1129500
Sale of Software Exports 4100000 Â 4100000
Sale of News paper 2895000 155000 2895000
Sale of Solar Power Pack   55000
Other Income 358473 4507 416473
Total Income from Operations 8482973 1103507 8595973
Profit before Depreciation & Tax 97109 50522 102339
Less: Depreciation 62885 15642 62885
Profit before taxation 34224 34880 39454
Less: Provision for Taxation
Less: Depreciation 6521 Â 8123
MAT Credit Entitlement -6521 Â -6521
Deferred Tax 10575 10464 10575
Net Profit after tax 23649 24416 27277
Add: Balance bf from previous -15132953 -15157369 -15132953
year
Balance available for -15109304 -15132953 -15105676
appropriation
Appropriation   Â
Balance carried to Balance Sheet -15109304 -15132953 -15105676
RESULTS OF OPERATIONS
our Company has recorded a total income of Rs 84.82 lacs in 2014 of
which 52.29 lacs from Software and Information Technology Business, Rs.
28.95 lacs from Newspaper & Publishing and Rs. 3.58 lacs as interest
income. In the last year income from Software and Information
Technology Business was Rs.9.44 lacs , from Newspaper & Publishing was
Rs. 1.55 lacs and as interest income was Rs. .045. The Net Profit after
tax is Rs.0.23 lacs in 2013 against the Net Profit after tax of Rs.
0.024 lacs in the previous year.
RESERVES
Looking to the accumulated losses, the board proposes no transfer to
reserve for the period.
DIVIDEND
The Directors of the Company are not recommending any dividend looking
to the accumulated loss in the Company.
BUSINESS
The Company is engaged in Information Technology Business and News
Paper Printing and Publishing and has started earning profit. The
Company expects a good business in coming years.
SUBSIDIARY COMPANIES
During the year your company has acquired whole equity shares of the
Sakshi Powertech Private Limited, except for maintained requisite no.
of member in the company.
During the year, the board of director reviewed the affairs of the
subsidiary companies. As per section 212 of the companies act, 1956, we
are required to attached the Balance Sheet, Statement of Profit and
Loss Account and other document of our subsidiary. The Ministry of
Corporate Affairs, Government of India vide its Circular No. 2/2011
dated February 8, 2011, exempted companies from complying with section
212 , provided such companies publish the audited consolidated
financial statement in the Annual Report. The company has published the
audited consolidated financial statement for the fiscal year 2014 and
the same forms part of this Annual Report. Accordingly, this Annual
Report does not contain the financial statement of our subsidiary. As
per Accounting Standards -21 "Consolidated Financial Statements" Para
30 On the first occasion that consolidated financial statements are
Presented, comparative figures for the previous period need not be
presented.", hence we are presenting only current financial year''s
consolidated financial performance.
CORPORATE GOVERNANCE AND MANAGEMENT DISCUSSION AND ANALYSIS
The Company has been proactive in following the principles and
practices of good governance. The Company has taken adequate steps to
ensure that the condition of corporate governance as stipulated in
Clause 49 of the Listing agreements of the Stock Exchange is complied
with.
DIRECTORS RESPONSIBILITY STATEMENT
Pursuant to Section 217 (2AA) of the Companies (Amendment) Act, 2000,
the Directors hereby state and confirm that:
(i) In the preparation of the annual accounts, the applicable
accounting Standards have been followed along with proper explanation
relating to Material departures.
(ii) The Directors have selected such accounting policies and applied
them consistently and made judgments and estimates that are responsible
and prudent so as to give a true and fair view of the state of affairs
of the Company as at 31st March 2014 and of the Profit and Loss Account
and Cash Flow Statement for the year ended March 31st, 2014.
(iii) The Directors have taken proper and sufficient care for the
maintenance of adequate accounting standards 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) The annual accounts have been prepared on a going concern basis.
FIXED DEPOSITS
The Company has not accepted any Fixed Deposits during the year. The
Company does not have any Fixed Deposits with it since inception.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNING AND OUTGO
Particulars with regards to conservation of energy etc, as required
under Companies (Disclosure of Particulars in the report of Board of
Directors) Rules, 1988 are not applicable as the Company is not a
manufacturing Company.
The foreign exchange earning and expenditure of the Company is as
follows
1. Earning Foreign Exchange US $ 68610.10
2. Expenses in Foreign Exchange Nil
DIRECTORS
Shri Vineet Shrivatsava director of the Company retires by rotation and
being eligible offer himself for re- election.
AUDITORS
M/s M.S. Dahiya and Company Chartered Accountants (ICAI FRN.-013855C),
Statutory Auditor of the company, hold office till the conclusion of
the ensuing Annual General Meeting and are eligible for re-appointment.
The Company has received letter from M/s M.S. Dahiya and Company to the
effect that their appointment, if made, would be in accordance with
section 139 of the Companies Act, 2013 and that, they are not
disqualified for such appointment within the meaning of section 141 of
the Companies Act, 2013.
The notes on Accounts referred to in the Auditors Report are
self-explanatory and therefore do not call for any further comments.
PARTICULARS OF EMPLOYEES
The particulars of employees, required to be furnished under section
217(2A) of the companies Act 1956 read with companies (Particulars of
Employees ), Rules 1975 as amended, there are no employees covered by
the said Rules.
ACKNOWLEDGEMENT
The Directors place on record their sincere appreciation for the
encouragement, co-operation and support receive by the Company from the
local authorities, banks, customers, suppliers, and business their
sincere appreciation of the valuable services rendered by the employees
of the Company at all levels.
For & on Behalf of Board of Directors
Rajesh Jain
Place : Indore Director
Date : 17/05/2014
Mar 31, 2013
To, The Members of SYLPH TECHNOLOGIES LIMITED The Directors are delighted to present their 21th Annual Report along with the Audited Accounts fo r the financial year ended 31st March 2013. Financial Performance : Year/period ended 31.03.13 30.06.12 Income from Operations Job work Charges 944000.00 450000.00 Sale of Software Exports --- --- Sale of Software Domestic --- --- Sale of News Paper 155000.00 --- Warehousing Receipts --- 259405.00 Other Income 4507.00 709405.00 Total Income from Operations 1103507.00 6208193.00 Profit before Depreciation & Tax 50522.00 --- Less: Depreciation 15642.00 --- Profit before taxation 34880.00 6208193.00 Less: Provision for Taxation Current Tax --- --- MAT Credit Entitlement --- --- Fringe Benefit Tax --- --- Deferred Tax 10464.00 --- Net Profit after tax 24416.00 6208193.00 Previous Year Adjustment --- --- Add: Balance b f from previous year - 15157369.66 8949175.66 Balance available for appropriation 15132953.66 15157369.66 Appropriation Transfer to/(from) General Reserve --- --- Interim dividend --- --- Proposed final Dividend --- --- Dividend fo r previous year --- --- Tax on Dividends --- --- Balance carried to Balance Sheet 15132953.66 15157369.66 RESULTS OF OPERATIONS Your Company has recorded a total income of Rs.11.04 lacs in 2013 of which 9.44 lacs from Software and Information Technology Business, Rs. 1.55 lacs from Newspaper & Publishing and Rs. 0.05 lacs as interest income. In the last year income from Software Development was Rs. 4.50 lacs. The Net Profit after tax is Rs. 0.24 lacs in 2013 against the Loss of Rs. 62.08 lacs in the previous year. R ESER VES Looking to the losses in the current period accumulated losses, the board propose no transfer to reserve fo r the year. DIVIDEND The Directors of the Company are not recommending any dividend looking to the accumulated loss in the Company. BUSINESS The Company is engaged in Information Technology Business and has started earning profit. The company has also started business of News paper printing and selling. The Company expects a good business in coming years. CORPORATE GOVERNANCE AND MANAGEMENT DISCUSSION AND ANALYSIS The Company has been proactive in following the principles and practices of good governance. The Company has taken adequate steps to ensure that the condition of corporate governance as stipulated in Clause 49 of the Listing agreements of the Stock Exchange is complied with. DIRECTORS R ESPONSIBILITY STA TEMENT Pursuant to Section 217 (2AA) of the Companies (Amendment) Act, 2000, the Directors hereby state and confirm that: (i) In the preparation of the annual accounts, the applicable accounting Standards have been followed along with proper explanation relating to Material departures. (ii) The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are responsible and prudent so as to give a true and fair view of the state of a fairs of the Company as at 31st March 2013 and of the Profit and Loss Account fo r the year ended March 31st, 2013. (iii) The Directors have taken proper and su ficient care fo r the maintenance of adequate accounting standards in accordance with the provisions of the Companies Act 1956, fo r safeguarding the assets of the Company and fo r preventing and detecting fraud and other irregularities. (iv) The annual accounts have been prepared on a going concern basis. F IXED DEPOSITS The Company has not accepted any Fixed Deposits during the year. The Company does not have any Fixed Deposits with it since inception. CONSERVATION OF ENERGY, TECHNOLOGY A BSORPTION AND FOREIGN EXCHANGE EARNING AND OUTGO Particulars with regards to conservation of energy etc, as required under Companies (Disclosure of Particulars in the report of Board of Directors) Rules, 1988 are not applicable as the Company is not a manufacturing Company. The foreign exchange earning and expenditure of the Company is as follows 1. Earning Foreign Exchange Nil 2. Expenses in Foreign Exchange Nil DIRECTORS Shri S. L. Jain director of the Company retires by rotation and being eligible o fer himself fo r re-election. AUDITORS M/s M.S. Dahiya and Company Chartered Accountants as Auditor has been reappointed to hold o fice until the conclusion of next Annual General Meeting. The Company has received certificate from to the e fect that their appointment, if made, would be within the prescribed limit under section 224(1-B) of the Companies Act, 1956. The notes on Accounts referred to in the Auditors Report are self-explanatory and therefore do not call fo r any further comments. PARTICULARS OF EMPLOYEES The particulars of employees, required to be furnished under section 217(2A) of the companies Act 1956 read with companies (Particulars of Employees ), Rules 1975 as amended, there are no employees covered by the said Rules. ACKNOWLEDGEMENT The Directors place on record their sincere appreciation fo r the encouragement, co-operation and support receive by the Company from the local authorities, banks, customers, suppliers, and business their sincere appreciation of the valuable services rendered by the employees of the Company at all levels. For & on Behalf of Board of Directors Date : 27/04/2013 R. K. Ja in Place : Indore Director
Mar 31, 2012
The Directors are delighted to present their 20th Annual Report along
with the Audited Accounts for the financial period ended 31st March
2012.
Financial Performance :
Year/period ended 31.03.12 30.06.11
Income from Operations
Job work Charges 450000.00 10,11,000.00
Sale of Software Exports - --
Sale of Software Domestic --- ---
Warehousing Receipts --- 596850.00
Other Income 259405.00 309812.00
Total Income from Operations
709405.00 1917662.00
Profit before Depreciation & Tax - 6208193.00 11252406.04
Less: Depreciation --- ---
Profit before taxation -6208193.00 - 11252406.04
Less: Provision for Taxation
Current Tax --- ---
MAT Credit Entitlement --- ---
Fringe Benefit Tax --- ---
Net Profit after tax - 6208193.00 - 11252406.04
Previous Year Adjustment --- ---
Add: Balance bf from previous year - 8949175.66 2303230.38
Balance available for appropriation - 15157369.66 - 8949175.66
Appropriation
Transfer to/(from) General Reserve --- ---
Interim dividend --- ---
Proposed final Dividend --- ---
Dividend for previous year --- ---
Tax on Dividends --- ---
Balance carried to Balance Sheet - 15157369.66 - 8949175.66
RESULTS OF OPERATIONS
Your Company has recorded a total income of Rs.4.50 lacs in 2012 from
Software and Information Technology
Business and last year income from Software Development was Rs.10.11
lacs. The Net loss after tax is Rs.62.08 lacs in 2012 against the Loss
of Rs.112.52 lacs in the previous year.
RESERVES
Looking to the losses in the current period accumulated losses, the
board propose no transfer to reserve for the period.
DIVIDEND
The Directors of the Company are not recommending any dividend looking
to the accumulated loss in the Company.
BUSINESS
The Company is doing Information Technology Business and has started
earning profit. The company has also started export of Software. The
Company expects a good business in coming years.
CORPORATE GOVERNANCE AND MANAGEMENT DISCUSSION AND ANALYSIS The Company
has been proactive in following the principles and practices of good
governance. The Company has taken adequate steps to ensure that the
condition of corporate governance as stipulated in Clause 49 of the
Listing agreements of the Stock Exchange is complied with.
DIRECTORS RESPONSIBILITY STATEMENT
Pursuant to Section 217 (2AA) of the Companies (Amendment) Act, 2000,
the Directors hereby state and confirm that:
(i) In the preparation of the annual accounts, the applicable
accounting Standards have been followed along with proper explanation
relating to Material departures.
(ii) The Directors have selected such accounting policies and applied
them consistently and made judgments and estimates that are responsible
and prudent so as to give a true and fair view of the state of affairs
of the Company as at 31st March 2012 and of the Profit and Loss Account
for the period ended March 31st, 2012.
(iii) The Directors have taken proper and sufficient care for the
maintenance of adequate accounting standards 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) The annual accounts have been prepared on a going concern basis.
FIXED DEPOSITS
The Company has not accepted any Fixed Deposits during the year. The
Company does not have any Fixed Deposits with it since inception.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNING AND OUTGO
Particulars with regards to conservation of energy etc, as required
under Companies (Disclosure of Particulars in the report of Board of
Directors) Rules, 1988 are not applicable as the Company is not a
manufacturing Company.
The foreign exchange earning and expenditure of the Company is as
follows
1. Earning Foreign Exchange Nil
2. Expenses in Foreign Exchange Nil
DIRECTORS
Shri K.K Bhandari director of the Company retires by rotation and being
eligible offer himself for re-election. AUDITORS
M/s M.S. Dahiya and Company Chartered Accountants as Auditor has been
reappointed to hold office until the conclusion of next Annual General
Meeting. The Company has received certificate from to the effect that
their appointment, if made, would be within the prescribed limit under
section 224(1-B) of the Companies Act, 1956. The notes on Accounts
referred to in the Auditors Report are self-explanatory and therefore
do not call for any further comments.
PARTICULARS OF EMPLOYEES
The particulars of employees, required to be furnished under section
217(2A) of the companies Act 1956 read with companies (Particulars of
Employees ), Rules 1975 as amended, there are no employees covered by
the said Rules.
ACKNOWLEDGEMENT
The Directors place on record their sincere appreciation for the
encouragement, co-operation and support receive by the Company from the
local authorities, banks, customers, suppliers, and business their
sincere appreciation of the valuable services rendered by the employees
of the Company at all levels.
For & on Behalf of Board of Directors
Date : 31st July, 2012 R. K. Jain
Place : Indore Director
Jun 30, 2011
The Directors are delighted to present their 19th Annual Report along
with the Audited Accounts for the financial year ended 30th June 2011.
Financial Performance :
Year ended June 30, Rs. 2011 Rs. 2010
Income from Operations
Job work Charges 10,11,000.00 8,90,000.00
Sale of Software Exports ---- 10,00,000.00
Sale of Software Domestic ---- ----
Warehousing Receipts 5,96,850.00 8,50,000.00
Other Income 3,09,812.00 5,50,729.00
Total Income from Operations 19,17,662.00 32,90,729.00
Profit before Depreciation
& Tax(-) 1,12,52,406.04 22,24,415.72
Less: Depreciation ---- 20,475.00
Profit before taxation (-) 1,12,52,406.04 22,19,940.72
Less: Provision for Taxation
Current Tax
MAT Credit Entitlement
Fringe Benefit Tax
Net Profit after tax (-) 1,12,52,406.04 22,19,940.72
Previous Year Adjustment - 4,142.49
Add: Balance bf from
previous year 23,03,230.38 79,147.17
Balance available
for appropriation (-) 89,49,175.66 23,03,230.38
Appropriation
Transfer to/(from) General Reserve
Interim dividend
Proposed final Dividend
Dividend for previous year
Tax on Dividends --
Balance carried to
Balance Sheet (-) 89,49,175.66 22,24,083.21
RESULTS OF OPERATIONS
Your Company has recorded a total income of 10.11 lacs from software
business and Rs. 5.97 lacs from warehousing Business and last year
income from Software Development was Rs. 32.90 lacs. The Net Loss is
Rs.112.52 lacs in 2011 against profit Rs. 22.20 lacs in the previous
year.
RESERVES
During the year the company has not proposes to transfer any amount to
the General Reserve.
DIVIDEND
The Directors of the Company are not recommending any dividend looking
to the nominal accumulated profit in the Company
BUSINESS
The Company is doing Information Technology Business, Education in
information Technology and warehousing business and has started earning
profit. The company is also doing export of Software. The Company
expects a good business in coming years.
The Company has started warehousing business during the year and also
business of Education through IT.
CORPORATE GOVERNANCE AND MANAGEMENT DISCUSSION AND ANALYSIS
The Company has been proactive in following the principles and
practices of good governance. The Company has taken adequate steps to
ensure that the condition of corporate governance as stipulated in
Clause 49 of the Listing agreements of the Stock Exchange is complied
with.
DIRECTORS RESPONSIBILITY STATEMENT
Pursuant to Section 217 (2AA) of the Companies (Amendment) Act, 2000,
the Directors hereby state and confirm that:
(i) In the preparation of the annual accounts, the applicable
accounting Standards have been followed along withproper explanation
relating to Material departures.
(ii) The Directors have selected such accounting policies and applied
them consistently and made judgments and estimates that are responsible
and prudent so as to give a true and fair view of the state of affairs
of the Company as at June 2011 and of the Profit and Loss Account for
the Year ended June 30,2011.
(iii) The Directors have taken proper and sufficient care for the
maintenance of adequate accounting standards 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) The annual accounts have been prepared on a going concern basis.
FIXED DEPOSITS
The Company has not accepted any Fixed Deposits during the year. The
Company does not have any Fixed Deposits with it since inception.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNING AND OUTGO Particulars with regards to conservation of energy
etc, as required under Companies (Disclosure of Particulars in the
report of Board of Directors) Rules, 1988 are not applicable as the
Company is not a manufacturing Company. The foreign exchange earning
and expenditure of the Company is as follows
1. Earning Foreign Exchange Nil
2. Expenses in Foreign Exchange Nil
DIRECTORS
Shri Rajesh Jain director of the Company retires by rotation and being
eligible offer himself for re-election.
AUDITORS
M/s M.S. Dahiya and Company Chartered Accountants are proposed to be
reappointed as auditors to hold office until the conclusion of next
Annual General Meeting. The Company has received certificate from them
to the effect that their appointment, if made, would be within the
prescribed limit under section 224(1-B) of the Companies Act, 1956. The
notes on Accounts referred to in the Auditors Report are
self-explanatory and therefore do not call for any further comments.
PARTICULARS OF EMPLOYEES
The particulars of employees, required to be furnished under section
217(2A) of the companies Act 1956 read with companies (Particulars of
Employees ), Rules 1975 as amended, there are no employees covered by
the said Rules.
ACKNOWLEDGEMENT
The Directors place on record their sincere appreciation for the
encouragement, co-operation and support receive by the
Company from the local authorities, banks, customers, suppliers, and
business associates their sincere appreciation of the valuable services
rendered by the employees of the Company at all levels.
For & on Behalf of Board of Directors
Date : October 31, 2011 R. K. Jain
Place : Indore Director
Jun 30, 2010
The Directors are delighted to present their 18th Annual Report along
with the Audited Accounts for the financial year ended 30th June 2010.
Financial Performance :
Year ended June 30, Rs. 2010 Rs. 2009
Income from Operations
Job work Charges 8,90,000.00 55,90,000.00
Sale of Software Exports 10,00,000.00 16,42,279.00
Sale of Software Domestic - 2,43,000.00
Warehousing Receipts 8,50,000.00 -
Other Income 5,50,729.00 5,24,947.00
Total Income from Operations 32,90,729.00 80,00,226.00
Profit before Depreciation & Tax 22,24,415.72 36,02,458.20
Less: Depreciation 20,475.00 16,197.50
Profit before taxation 22,19,940.72 35,86,260.70
Less: Provision for Taxation
Current Tax - -
MAT Credit Entitlement - -
Fringe Benefit Tax - 9500.00
Net Profit after tax 22,19,940.72 35,76,760.70
Previous Year Adjustment 4,142.49 -
Add: Balance bf from
previous year 79,147.17 (3497613.53)
Balance available for
appropriation 23,03,230.38 79147.17
Appropriation
Transfer to/ (from) General Reserve - -
Interim dividend - -
Proposed final Dividend - -
Dividend for previous year - -
Tax on Dividends - -
Balance carried to Balance Sheet 23,03,230.38 79147.17
RESULTS OF OPERATIONS
Your Company has recorded a total income of Rs. 32.90 lacs in 2010 from
Software and Information Technology, IT Education and warehousing
Business and last year income from Software Development was Rs. 74.75
lacs. The Net Profit after tax is Rs. 22.24 lacs in 2010 against Rs.
35.77 lacs in the previous year.
RESERVES
During the year the company has not proposes to transfer any amount to
the General Reserve.
DIVIDEND
The Directors of the Company are not recommending any dividend looking
to the nominal accumulated profit in the Company
BUSINESS
The Company is doing Information Technology Business, Education in
Information Technology and warehousing business and has started earning
profit. The company is also doing export of Software. The Company
expects a good business in coming years.
The Company has started warehousing business during the year and also
business of Education through IT. The company has taken on lease a
warehouse from MPAKVN (U) Ltd. a govt, of MP undertaking on a three
year lease.
CORPORATE GOVERNANCE AND MANAGEMENT DISCUSSION AND ANALYSIS
The Company has been proactive in following the principles and
practices of good governance. The Company has taken adequate steps to
ensure that the condition of corporate governance as stipulated in
Clause 49 of the Listing agreements of the Stock Exchange is complied
with.
DIRECTORS RESPONSIBILITY STATEMENT
Pursuant to Section 217 (2AA) of the Companies (Amendment) Act, 2000,
the Directors hereby state and confirm that:
(i) In the preparation of the annual accounts, the applicable
accounting Standards have been followed along with proper explanation
relating to Material departures.
(ii) The Directors have selected such accounting policies and applied
them consistently and made judgments and estimates that are responsible
and prudent so as to give a true and fair view of the state of affairs
of the Company as at June 2010 and of the Profit and Loss Account for
the Year ended June 30,2010.
(iii) The Directors have taken proper and sufficient care for the
maintenance of adequate accounting standards 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) The annual accounts have been prepared on a going concern basis.
FIXED DEPOSITS
The Company has not accepted any Fixed Deposits during the year. The
Company does not have any Fixed Deposits with it since inception.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNING AND OUTGO Particulars with regards to conservation of energy
etc, as required under Companies (Disclosure of Particulars in the
report of Board of Directors) Rules, 1988 are not applicable as the
Company is not a manufacturing Company. The foreign exchange earning
and expenditure of the Company is as follows
1. Earning Foreign Exchange US $ 0.21 lacs
2. Expenses in Foreign Exchange Nil
DIRECTORS
Shri Vineet Shrivastava director of the Company retires by rotation and
being eligible offer himself for re-election.
AUDITORS
M/s M.S. Dahiya and Company Chartered Accountants are proposed to be
reappointed as auditors to hold office until the conclusion of next
Annual General Meeting. The Company has received certificate from them
to the effect that their appointment, if made, would be within the
prescribed limit under section 224(1-B) of the Companies Act, 1956. The
notes on Accounts referred to in the Auditors Report are
self-explanatory and therefore do not call for any further comments.
PARTICULARS OF EMPLOYEES
The particulars of employees, required to be furnished under section
217(2A) of the companies Act 1956 read with companies (Particulars of
Employees ), Rules 1975 as amended, there are no employees covered by
the said Rules.
ACKNOWLEDGEMENT
The Directors place on record their sincere appreciation for the
encouragement, co-operation and support receive by the Company from the
local authorities, banks, customers, suppliers, and business associates
their sincere appreciation of the valuable services rendered by the
employees of the Company at all levels.
For & on Behalf of Board of Directors
Date : August 16, 2010 S. L. Jain
Place : Indore Chairman
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