The Board of Directors has the pleasure to present the THIRTIETH
Annual Report and the Audited Balance Sheet and the Profit & Loss A/c
of the Company for the year ended on 31st March 2012.
Company''s performance was overwhelming on all fronts during the year
Financial results of the Company being self explanatory and depicted in
the Profit & Loss Account for the year ended on 31-03-2012, and
therefore, do not call for any further comments in that behalf.
The Directors of your Company have not recommended payment of any
Dividend for the financial year 2011-12 in order to strengthen the
Reserves of the Company for the ongoing as well as for the forthcoming
Projects of the Company.
The operations of the Company were satisfactory on all fronts during
the period under review.
Ms. Archana D. Wani & Mr. Ashok B. Purohit, Directors are due to retire
by rotation and being eligible for re-appointment has offered
them-selves for re-appointment. The Board proposes them for
re-appointment as Directors liable to retire by rotation at the
forthcoming Thirtieth Annual General Meeting of the Company. Except
this there was no change in the Composition of Board of Directors of
PARTICULARS OF EMPLOYEES:
During the year under review, there were no employees drawing
remuneration in excess of the prescribed limits and whose particulars
need to be given under Section 217 (2A) of
The Companies Act, 1956 read with the Companies (Particulars of
Employees) Rules, 1975, as amended thereafter and from time to time.
a) CONSERVATION OF ENERGY & TECHNOLOGY ABSORPTION:
The Company does not use any technology or energy for its existing
business except for the electricity used in offices and at the sites of
the company which is not a significant part of the construction cost,
hence it is not practicable to furnish the information in this
b) FOREIGN EXCHANGE EARNINGS & OUTGO: NIL.
c) POLLUTION CONTROL MEASURES:
The Company''s business does not involve any emission of pollutants
and therefore, no special pollution control measures are called for.
However, special attention is paid to maintain healthy and hygienic
condition to make the services customer friendly.
The Company has not accepted any deposit from the public under section
58A and 58AA of the Companies Act, 1956 during the year.
DIRECTOR''S RESPONSIBILITY STATEMENT:
Pursuant to Section 217(2AA) of the Companies Act, 1956 the Directors
(i) That in the preparation of the Annual Accounts for the financial
year ended 31/03/2012 the applicable Accounting Standards have been
followed along-with proper explanation relating to material departures;
(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 fare view of the state
of affairs of the company at the end of the financial year and of the
PROFIT of the Company for the year under review;
(iii) That 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
(iv) That the Directors have prepared the Annual Accounts for the
Financial Year ended 31/03/2012 on a ''Going Concern'' basis.
Observations made in the Auditor''s Report are self-explanatory and
therefore, do not call for any further comments u/s.217 (3) of the
Companies Act, 1956.
The Auditors, M/s. Sanjay S. Agrawal & Co., Chartered Accountants,
NAGPUR hold office till the conclusion of the ensuing Annual General
Meeting and are recommended for re-appointment. They have given their
consent to continue to act as Auditors of the Company for the current
financial year also, if re-appointed.
Directors wish to place on record their thanks and gratitude to:
i) The Central and State Government as well as their respective
Departments and Development Authorities connected with the business of
the company and the Bankers to the Company.
ii) The Members and suppliers/contractors for the trust and confidence
reposed and to the Customers for their valued patronage.
iii) The Board also takes this opportunity to express their sincere
appreciation for the efforts put in by the officers and employees at
all levels in achieving the results and hopes that they would continue
their sincere and dedicated endeavor towards attainment of better
working results during the current year.
Regd. Office: For and behalf of the Board
1ST Floor B, Poonam Chambers, Sd/-
Byramji Town, (CHAIRMAN)
Nagpur - 440 013. (M. S.)