The directors take immense pleasure to present the company''s audited
accounts for the year ended 31st March, 2013
Particular Current Year Previous Year
Profit & Loss Before
Tax Adjustments 54,572.62 (3,03,78,124.92)
Add / (Less): Tax Adjustments
Profit & Loss After
Tax Adjustments 54,572.62 (3,03,78,124.92)
RESULTS OF THE OPERATIONS
The Board has pleasure to inform that the company has earned a profit
of Rs. 0.54 lacs as against profit of Rs. 107.13 lacs in the previous
financial year before exceptional, extra ordinary items and tax.
During the year, the company has not accepted any deposits under
Section 58A of the Companies Act, 1956.
DIVIDEND & APPRORIATIONS
In view of future need & expansion of business the directors have not
recommended any dividend for the year under review.
RESEARCH & DEVELOPMENT AND TECHNOLGICAL ABSORPTION
The company has not undertaken any research and development activity in
any specific area during the year under review, and hence no cost has
been incurred towards same.
As the company is not using any imported technology, no information
regarding technology absorption is to be given.
SAFETY HEALTH & THE ENVIRONMNT
The company''s safety, health and environment policy ensures a firm
commitment to safety, health and environmental management by making it
an integral part of the company''s business strategy.
Employee relations throughout the company were harmonious. The board
wishes to place on record its sincere appreciation for the devoted
efforts of all employee in advancing the company''s vision and strategy
to deliver another record performance.
Information as required in section 217 (2A) of Companies Act regarding
particular employees is not given as no employee is drawing
remuneration in excess of limit mentioned in the section.
In accordance with provision of companies Act, 1956, Sri Vinod Kumar
Keshri, Director of the company retire by rotation at the annual
general meeting and being eligible, offers himself for appointment.
STATUTORY DISCLOSURES OF PARTICULARS.
A. CONSERVATION OF ENERGY
The Company has embarked on a journey to make its operations energy
efficient. Continued efforts were applied throughout the company to
effect improvement to production process resulting in reducing the
consumption of electricity. Practices such as daily monitoring and
analysis of the units consumed by the company has lead to reduction in
B ABSORPTION OF TECHNOLOGY
The Company is committed to ''Technological Innovation''.
C. FOREIGN EXCHANGE EARNING AND OUTGO The company has exposure to
The statutory auditor of the company holds office till the conclusion
of the forthcoming annual general meeting and is eligible for
re-appointment. The company has received notification from them to the
effect that their appointment, if made would be within the limit under
Section 224(1-B) of the Companies Act, 1956.
Accordingly a resolution is being submitted to the members for the
appointment of M/s Singhania Agrawal & Co. chartered accountant and to
fix their remuneration for the current year.
The observations of the statutory auditors in its report, read with the
relevant notes to accounts in Schedule 17, are self- explanatory. With
regard to the qualifications to the Auditors Report, no such
qualifications were made.
DIREaORS RESPONSIBILTY STATEMENT
In compliance with section 217 (2AA) of the companies Act 1956, the
directors report that,
a) In the preparation of the annual accounts the applicable accounting
standards have been followed along with proper explanation relating to
b) Such accounting policies have been selected and applied consistently
and made judgment and estimates that are reasonable, prudent and in the
best interest of the company''s business so as to give true and fair
view of the state of affairs of the company for the period.
c) The director have taken proper and sufficient care for the
maintenance of adequate accounting record in accordance with the
provision of the companies Act, 1956 for safeguarding the assets of the
company and for preventing and detecting fraud and other
d) The directors have prepared the annual accounts on a going concern
The Board of Directors thanks the Company''s, vendors, bankers and
business associates for their support and assistance. The Company also
expresses its gratitude torn the various Government Departments for
their wide stretched help and co-operation in the successful running of
The Board places on record it''s appreciation to all the employees for
their dedicated service. The Board appreciates and values the
contributions made by every member and are confident about the
continuing support will achieve the objectives and emerge stronger in
the coming years.
On behalf of the Board
For Kamper Concast Limited
Dated: 21st August 2013 Managing Director