The Directors present their Twenty Ninth Annual Report together with
the Audited Statement of Accounts for the year ended 31st March 2012.
FINANCIAL HIGHLIGHTS (Rs. In Thousands)
Income for the year 10625.00 55742.00
Profit before Interest
Depreciation and Tax
Depreciation 0.00 1.00
Profit after Depreciation 118.00 975.00
Provisions for Taxation/
Net Profit/Loss for the 674 00
Earlier Years Balance im 1214.00
Prior Year Adjustments 70.00 0
Balance carried to Balance inn 1888.00
During the year under review, your Company recorded a total income of
Rs. 106.25 Lacs and Net profit of Rs. 0.84zreport.
CHANGE OF MANAGEMENT:
During the year, there is change in the Management of the Company. Mr.
Dilip Mehta and Mr. Naresh Mehta and associates have acquired the
shares under Regulation 12 of the SEBI (Substantial Acquisition of
Share and Takeovers) Regulations, 1997.
The suspension of shares of the Company get revoked with payment of
listing re-instatement fee and trading of securities began from 15th
In view of inadequate profit earned during the year, the Directors do
not recommend any dividend for the Financial Year ended 31st March,
Under Section 260 of the Companies Act, 1956, Shri Rajen Mehta and Shri
Tabrez Shaikh, Directors of the Company will retire by rotation and
they offer themselves for re-appointment in terms of provisions of
Articles of Association of the Company.
During the year, Mr. Naresh K Mehta has been appointed as Managing
Director with effect from 30th May, 2012.
CORPORATE GOVERNANCE REPORT
Pursuant to Clause 49 of the Listing Agreement, the Management
Discussion & Analysis Report and Corporate Governance Report together
with Certificate from M/s. Jayesh R. Shah & Co., Chartered Accountants,
Mumbai, on compliance with the conditions of Corporate Governance as
laid down, forms part of this report.
PARTICULARS OF EMPLOYEES PURSUANT TO SECTION 217(2A)
Pursuant to the provisions of section 217(2A) of the Companies Act,
1956, read with the Companies (Particulars of Employees) Rules, 1975,
as amended, a statement relating to the particulars of employees
forming part of this report has not been given as the company has not
employed any person drawing remuneration exceeding die limits
PARTICULARS REGARDING CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND
Information regarding conservation of energy and technology absorption
as per the provision of Section 217 (1) (e) of the Companies Act, 1956
read the Companies (Disclosure of particulars in the report of Board of
Director) Rules, 1988, are not applicable since the project is in the
implementation stage. During the year under review there was no Foreign
Exchange Earning and Outgo.
DIRECTORS'' RESPONSIBILITY STATEMENT
Pursuant to the requirement under Section 217(2AA) of the Companies
Act, 1956, with respect to Directors'' Responsibility Statement, the
Directors confirm that:
1. in the preparation of the annual accounts for the financial year
ended 31st March, 2012, the applicable accounting standards have been
followed along with proper explanation relating to material departures;
2. the 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
as at 31st March, 2012 and of the profit of the Company for the year
3. The Directors have 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
4. The Directors have prepared the accounts for the financial year
ended 31st March, 2012 on ''going concern'' basis.
DEPOSITS AND LOANS/ADVANCES
During the year under review the Company has not accepted any fixed
deposits from the public.
AUDITORS & AUDITORS REPORT
The Board of Directors has recommended to appoint M/s. Jayesh R.Shah &
Co., Chartered Accountant, Firm Registration No 104182W, who retire at
the conclusion of forthcoming Annual General Meeting and is eligible
for re-appointment as a Statutory Auditors of the Company. Members are
requested to consider the re-appointment. The auditors comments on the
Company''s accounts for the year ended on 31st March, 2012 are self
explanatory in nature and do not require any explanation as per the
provisions of section 217(3) of the Companies Act, 1956.
Your Directors express their sincere appreciation of the co-operation
received from shareholders, bankers and other business constituents
during the year under review. Your Directors also wish to place on
record their deep sense of appreciation for the commitment displayed by
all executives, officers and staff resulting in the performance of the
Company during the year.
FOR AND BEHALF OF THE BOARD
FOR ANUJVIN INDUSTRIES LIMTED
RAJEN MEHTA NARESH MEHTA
Place: Mumbai DIRECTOR MANAGING DIRECTOR