The Directors have pleasure in presenting the 8th Annual Report
together with the Audited Accounts for the financial year ended 31st
FINANCIAL RESULTS :
Turnover 49.51 643.70
(Profit)/Loss before Interest & Depreciation (0.20) 26.41
Less : Interest 0.16 -
Less : Depreciation 34.91 40.20
Loss Before Taxation 34.87 66.61
Less : Provision for Taxation - -
Loss for the year 34.87 66.61
Add : Balance of Profit & Loss A/C
A/c brought forward 914.91 848.30
Loss available for Appropriation 949.78 914.91
Balance Carried Forward to Balance Sheet 949.78 914.91
Looking to the results of the Company your Directors are unable to
recommend any Dividend.
In accordance with the provisions of the Companies Act, 1956 and the
Company's Articles of Association, Shri Harshad N. Patel retire by
rotation and being eligible offers himself for reappointment.
FIXED DEPOSITS :
During the year the Company has not accepted any Food Deposits to which
the provisions of Section 58A of the Companies Act, 1956 are
As no employees salary/remuneration were of an amount equal to or more
than the limits specified under section 217(2A) of the Companies Act,
1956 details of information under section 217(2A) of the Companies Act,
1956 have not been provided herewith.
The Directors wish to place on record their appreciation for the
devoted services rendered by all categories of office staff of the
APPOINTMENT OF AUDITORS :
M/s. C.C. Chokshi & Company, Chartered Accountants, Ahmedabad, hold
office as Auditors of the Company until the conclusion of the Annual
General Meeting and being eligible, offer themselves for reappointment.
The Directors recommend their reappointment.