The Directors have pleasure in presenting their 19TH Annual Report
together with audited Balance Sheet of the Company as on 31st March
2011 and Profit and Loss Account for the year ended 31st March 2011.
FINANCIAL RESULTS & FUTURE PROSPECTUS OF COMPANY (Rs. In Lacs)
Particular Current year Previous year
Operating Profit before Depreciation
& tax 1.03 (1266.67)
Depreciation for the year 0.00 0.00
Profit after Depreciation 1.03 (1266.67)
Provision For Income Tax .32 0.00
Profit after tax .71 (1266.67)
Surplus brought forward (721.06) 545.61
Net Profit / Loss Carried Forward (720.34) (721.06)
Still Your Directors are very much hopeful to increase the business of
the company in the coming financial year and there is very much bright
prospect of profit making.
Due to inadequacy of profit available for appropriation during the year
under review, your directors express their inability to recommend any
dividend for the year ended 31st march 2011.
Members are requested to approve the appointment of M/s. TIWARI &
ASSOCIATES, Chartered Accountants, as the Statutory Auditors of the
company. M/s. TIWARI & ASSOCIATES. have since furnished a certificate
under Section 224(1) (B) of the companies act,1956 regarding their
eligibility for appointment as auditors of the company.
The relationship with the personnel of the company continued to be
cordial. The Directors wish to place on record their sincere thanks to
all the employees for their efforts. None of the employees of the
company is in receipt of remuneration in excess of the sum prescribed
under section 217(2A) of the companies act, 1956, read with the
companies (particulars of employees ) Rules, 1975.
DIRECTOR''S RESPONSIBILITY STATEMENT
Pursuant to Section 217 (2AA) of the Companies Act, 1956, the Board of
the Directors hereby states that
1. In the preparation of the Annual Accounts, the applicable
accounting standards had been followed and there is no material
2. 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 and
loss of the company for that period;
3. 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;
4. The Directors had prepared the Annual Accounts on a going concern
The company believes in good corporate practices to enhance the
shareholder value. Realizing this, the company has adopted many
practices over the last few years, as a result a number of steps were
taken to improve corporate governances.
The Company has not accepted any Deposit from the public.
Auditor''s report is self-explanatory
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNINGS AND OUTGO
EXPENDITURE IN FOREIGN CURRENCY AND FOREIGN EXCHANGE
The Board of Directors of your Company wish to express gratitude for
the cooperation guidance and support received from the employees at
various levels. The Board would like to sincerely thank all the
Shareholders and Creditors for their continued support.
For on behalf of the of the Board
PLAC : NEW DELHI
DATED : 01/09/2011