To, The Members,
The Directors have pleasure in presenting the Annual Report and the
Audited Accounts for the financial year ended 31st March, 2012.
Particulars Amount (in Rs .)
Sales/ Income 379301913.00
Other Income 1721579.00
Profit(loss) before tax 14340045.00
Profit(loss) after tax 11044544.00
The Company has not accepted any deposits during the year.
Directors liable to retire by rotation and being eligible offer
themselves for appointment.
DIRECTORS'' RESPONSIBILITY STATMENT
Pursuant to the requirement under Section 217(2AA) of the Companies
Act,1956 with respect to Directors'' Responsibility Statement, it is
(i) that in the preparation of the annual accounts, the applicable
accounting standards had been followed along with proper explanation
relating to material departure.
(ii) 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 affairs of the company at the end of the financial year and of the
profit or 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 this Act for safeguarding the assets of the company and
for preventing and detecting fraud and other irregularities.
(iv) that the directors had prepared the annual accounts on a going
M/s. B. CHORD IA & CO., Chartered Accountants has been appointed as''
Auditors of the company for the financial year.-2012-13 in place of
retiring Auditors M/s RRA & Co.
The company has not paid any remuneration attracting the provisions of
Companies (Particulars of Employees) Rules, 1975 read with Section
217(2A) of the Companies Act, 1956. Hence no information is required to
be appended to this report in this regard.
ENERGY, TECHNOLOGY AND FOREIGN EXCHANGE
Conservation of Energy and Technology absorption:
Fuel & Coal Expenses Rs. 3,80,77,210/-
Power & Fuel Expenses Rs. 3,38,39,897/-
Gas Consumption Rs. 5,40,20,458/-
Foreign exchange earnings or outgo during the year : Rs. NIL/-
Your Directors wish to place on record their immense appreciation for
the assistance and co-operation received from various statutory
For and on behalf of the Board of Directors
MAHESHKUMAR SITARAM SOMANI CHAIRMAN
DATE : 03/09/2012
PLACE : Surat