Election 2014
SENSEX NIFTY
Lalit Polymers and Eelctronics Directors Report, Lalit Polymers Reports by Directors
YOU ARE HERE > MONEYCONTROL > MARKETS > PLASTICS > DIRECTORS REPORT - Lalit Polymers and Eelctronics
Lalit Polymers and Eelctronics
BSE: 524250|SECTOR: Plastics
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
Lalit Polymers and Eelctronics is not traded in the last 30 days
Lalit Polymers and Eelctronics is not listed on NSE
Directors Report Year End : Mar '10    Mar 09
The Members,
 
 The Directors take their pleasure in presenting the Un-audited
 Statement of 1 Accounts for the financial year ended 31 st March,
 2010.
 
 FINANCIAL HIGHLIGHTS
 
                                                         (Rs in lacs) 
                                                     YEAR ENDED AS ON 
                                                     (Audited) 
 Particulars                                      31.03.10   31.03.09
 
 Total Income                                        31.43      0.40
 
 Total Expenditure                                   30.32     23.91
 
 Profit Before Depreciation and                       1.12     (9.82)
 
 Tax
 
 Less: Depreciation                                   0.00     13.69
 
 Profit before Tax                                    1.12    (23.51)
 
 Provision for Tax                                    0.01      0.00
 
 Profit after Tax                                     1.11    (23.51)
 
 DIVIDEND
 
 Due to continuing Losses, the Directors are not in a position to
 recommend any payment o dividend to its Shareholders.
 
 FUTURE OUTLOOK
 
 Your company is making efforts to tie up with dairies for their
 requirement of tanks for storage of milk. Efforts are also being made
 to explore the market of GRP sheets to utilize the resources.
 
 DIRECTORS
 
 In terms of Articles of Association and the provisions of Companies
 Act, 1956, Mr. Sanjay Kumar Kanoria & Mrs. Priyadarshini Kanoria,
 Directors of company, retire by rotation, and being eligible, offer
 themselves for re- appointment during the year. Mr. Shamsunder Chabria
 and Mr. Sanjay Chabria, Mr. H.N Motiwalla ceased to be Directors of the
 company during the Financial year 2009-20 l0.The Board placed on record
 its appreciation for the valuable services rendered by them during
 their tenure as Directors oF the company.
 
 AUDITORS & AUDITOR''S REPORT
 
 M/s M S Goyal & Associates, Chartered Accountants, New Delhi, Auditors
 of the Company will retire at the forthcoming Annual General Meeting of
 the company, the requisite certificate under Section 224 (1) of the
 Companies Act, 1956.The Directors recommend their reappointment for the
 year 2010-2011.The observations of the Auditors have been explained in
 the notes on accounts and no further explanation is required.
 
 DIRECTOR''S RESPONSIBILITY STATEMENT
 
 Pursuant to the requirement under section 217(2) (AA) of the Companies
 Act, 1956, with respect to the Director''s Responsibility statement, it
 is hereby confirmed:
 
 i. That in the preparation of the accounts for the financial year ended
 31st March, 2010; the applicable accounting standards have been
 followed along with proper explanation relating to material departures.
 
 ii. That the Directors have selected such accounting policies and
 applied them consistently and made judgments and estimates that were
 reasonable and prudent so-as to give a true and fair view of thc 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 the safeguarding of the
 assets of the Company and for preventing and detecting fraud and other
 irregularities.
 
 iv.  That the Directors have prepared the accounts for the financial
 year ended 31 st March, 2010 on a going concern basis.
 
 ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
 EARNINGS AND OUTGO
 
 The particulars relating to energy conservation, technology absorption,
 foreign exchange earnings and outgo, as required to be disclosed 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,
 1988are given as Annexure-I and forming part of the report
 
 PARTICULARS OF EMPLOYEES
 
 No employee is in receipt of remuneration in excess of the limits
 prescribed under section 217 (2A) of the Companies Act, 1956 read with
 the Companies (Particulars of Employees) Rules, 1975.
 
 CORPORATE GOVERNANCE
 
 Pursuant to Clause 49 of the Listing Agreement with stock exchange, a
 compliance report on corporate governance has been annexed as part of
 the Annual Report.
 
 ACKNOWLEDGEMENT
 
 The Directors place on record their sincere appreciation of the support
 and co-operation extended by all to the Company. We believe this
 cohesive support to the Company is bound to steer us through this
 difficult time to success.
 
                               By the order of the Board of Directors
 
                               V.K Sharma        Sanjay Kumar Kanoria
 
                               (Director)        (Director)
 
 Date : 13.08.2010 
 Place: New Delhi
 
 
Source : Dion Global Solutions Limited
Quick Links for lalitpolymerseelctronics
Explore Moneycontrol
Stocks     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Others
Mutual Funds     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.