The Directors are pleased to present the 30th Annual Report and
Accounts of your Company, for the year ended 31st March, 2012.
Year ended Year ended
Total Income 1106.81 937.77
Total Expenditure 325.15 325.03
Profit Before Tax 781.66 612.74
Provision for Taxation 180.00 145.00
Profit after Tax 601.66 467.74
In order to conserve funds of the Company, for future growth, the Board
of Directors has decided not to recommend any dividend for the year
The total Income for the financial year 2011-2012 is Rs. 11.07 lacs as
against Rs. 9.37 lacs for the year 2010- 2011. The profit before tax is
Rs. 7.82 lacs and profit after tax is Rs. 6.02 lacs for the year under
The Company have attained higher income for the year under review, due
to increase in rental income, dividend income and interest received. In
future your Company expects better result in comparison to the current
Conservation of Energy, Technology & Foreign Exchange:
The Company not being a manufacturing Company and there being no inflow
and outgo of foreign exchange, conservation of energy, Technology
foreign Exchange is not applicable, as such, information as required
under Section 217(l)(e) oi; the Companies Act, 1956 read with the
Companies (Disclosure of particulars in the Report of Board of
Directors Rules, 1988), is not applicable.
The Company has not accepted any deposit within the meaning of section
58A of the Companies Act, 1956 and the Rules made there under.
PARTICULARS OF EMPLOYEES:
information as per Section 217(2A) of the Companies act 1956 read with
the Companies (Particulars of employees) Rules 1975 as amended, are not
applicable, as none of the employees drew remuneration beyond the
BOARD OF DIRECTORS:
Shri H. C. Shah, Director of the Company retires by rotation at the
ensuing Annual General Meeting and being eligible offer himself fop
re-appointment Your Directors recommend his appointment
Pursuant to Section 217(2AA) of the Companies Act, 1956, the Directors
a) that in the preparation of the annual accounts for the year, the
applicable accounting standards have been followed and that there are
no material departures;
b) they have selected such accounting policies and have 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
Company at the end of the financial year, and of the profit of the
Company for the period ended 31st March, 2P11.
c) they have 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.
d) They have prepared the annual accounts on a going concern basis.
M/s Parikh & Shah, Chartered Accountants, who are the Statutory
Auditors of the Company, hold office until the ensuing Annual GejieipJ
Meeting. It is proposed to re-appoint them for the financial year
2012-2013. They have Under section 224(1) of the Companies Act, 1956,
furnished the certificate of their eligibility for re-appointment
The observations made by the Auditors is self-explanatory, and, hence
do not require any further explanations.
Your Directors wish to place on record their appreciation of the
assistance and cooperation extended to the Company by Banks, employees,
shareholders and all other persons who are associated with the Company.
Date: 29th May, 2012 For and on behalf of the Board