TO THE SHARE HOLDERS:
The Directors have pleasure in presenting the Twenty Sixth Annual
Report together with the Audited Accounts for the financial year 31st
( Rs.in Lacs )
1. Sales/Other Receipts 19.31 03.61
2. Gross Profit/(Loss) 04.50 (08.91)
In pursuance of the provisions of the Companies Act, 1956 and Articles
of Association of the Company, Shri. G.S. Bhageiya, retire by rotation
and eligible for reappointment..
All properties of the company including Building, Plant & Machinery,
Equipment & other Assets, wherever necessary and to the extent required
have not been insured as Assets were illegally possessed and sold bv
the FI''s . Your company had Challenged the sale bv FI''s through
writ before Honorable RHC Jodhpur.
Industrial relations during the year under consideration have been
cordial. The Management will always value & cherish the devotion &
commitment demonstrated by loyal employees at all levels.
PARTICULARS OF EMPLOYEE:
The Company has no employees whose salary exceeds the limit prescribed
under the section 217(2A), of the companies Act, 1956. Hence
information required to be given under the said section read with
Companies (Particulars of Employees) Rules, 1975 as amended w.e.f.
April 17,2002 has not been provided in this report.
DIRECTOR''S RESPONSIBILITY STATEMENT:
As required under section 217(2AA) of the Companies Act, 1956 your
Directors confirm that:
1. In preparation of the Annual Accounts, applicable accounting
standard have been followed with proper disclosure of any departure.
2. The accounting policies are consistently applied and reasonable,
prudent judgment and estimate are made so as to give a true and fair
view of the state of affairs of the company at the end of financial
3. Proper and sufficient care has been taken for the maintenance of
adequate accounting records in accordance with the provision of the
said Act for safe guarding the assets of the Company and for preventing
and deducting fraud and other irregularities.
4. The Annual Accounts have been prepared on a going concern basis.
Pursuant to clause 49 of listing agreement with the Stock Exchanges,
Management Discussion & Analysis, Corporate governance Report and
Auditor''s Certificate regarding compliance of the conditions of
Corporate Governance are made a part of this Annual Report.
The equity shares of the Company are at present listed with the Stock
Exchange, Mumbai, The Stock Exchange, Ahmadabad, The Stock Exchange,
Jaipur, Delhi Stock Exchange Association Limited, New Delhi.
The auditors M/s C.K. Jagetia & Co., Chartered Accountants, Udaipur
retire at the ensuing Annual General Meeting and are eligible for
CONSERVATION OF ENERGY / TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNING AND OUTGO :
The information relating to conservation of energy, Technology
absorption and Foreign Exchange earnings and outgo as required under
section 217(l)(e) of the Companies Act, 1956 read with the Companies
Disclosure of particulars in the report of Board of Directors) Rules,
1998 is annexed here to and forms part of the report.
The Directors wish to place on record their appreciation for the
co-operation received from shareholders, valued customers, and deeply
appreciate the commitment and dedication of employees at all levels.
By order of the Board
Place: Udaipur (Harish Kandhari)
Date: 25.07.2012 Mg.Director