Your Directors have pleasure in submitting their 8th Annual Report
together with the statement of Accounts of the Company for the year
ended 31st March, 2002.
Sales and other Income Rs. 46,47,993.40
Profit before Tax Rs. 62,545.40
Provision for Taxation Rs. 20,200.00
Profit after Tax Rs. 42,345.40
Profit brought forward from previous year Rs. 1,88,091.16
Balance Carried to Balance Sheet Rs. 2,30,436.55
INFORMATION UNDER SECTION 217(1)(e) OF THE COMPANIES ACT 1956.
Since there is nothing to disclose, particulars as required in terms of
Section 217(1)(e) of the Companies Act, 1956 read with the Companies
(Disclosure of Particulars in the Report of Board of Directors) Rules,
1988 are not furnished.
PARTICULARS OF EMPLOYEES UNDER SECTION 217(2A) OF THE COMPANIES ACT,
The Company has no employee of the category specified in Section
217(2A) of the Companies Act, 1956 read with the Companies (Particulars
of Employees) Rules, 1975.
DIRECTORS RESPONSIBILITY STATEMENT PURSUANT TO SECTION 217(2AA) OF THE
COMPANIES ACT, 1956
The Directors hereby confirm
As Stipulated in Section 217(2AA) of the Companies Act, 1956, your
Directors subscribe to the Directors Responsibilities Statement and
confirms as under
a) that in the preparation of the annual accounts, the applicable
accounting standards have been followed along with proper explanation
relating to material departures;
b) that the directors have selected such accounting polices and applied
them consistently and made judgements 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 period.
c) that the directors have taken proper and sufficient care of 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;
d) that the directors have prepared the annual accounts on a going
Sri Tara Chand Banthia, Sri Prakash Kumar Banthia and Smt. Kusum
Banthia retire by rotation and are eligible for re-appointment.
M/s. K. M. GULGULIA & CO. Chartered Accountants., Auditors of the
Company retire at the ensuing Annual General Meeting of the Company and
are eligible for re-appointment.
On behalf of the Board of Directors
(PRAKASH KUMAR BANTHIA)
Kolkata (KUSUM BANTHIA)
The 2nd day of September, 2002.