The Directors have pleasure in presenting their 26th Annual Report
together with the Audited statement of accounts for the year ended 31st
FINANCIAL RESULTS (Amt. in Rupees)
PARTICULARS 2011-12 2010-11
TurnOver 448,892 907944
Expenditure 426,267 683,773
Profit/Loss before Tax 22,625 224,171
Less: Provision for Taxation 0 0
Profit/(Loss) after Tax 22,625 22,4171
The Board of Directors do not recommend any dividend for 2011-12.
During the year 2011-12, the company was in process of restructuring
its activities. The Company has undertaken certain activities in the
area of software development, marketing and Service. It is also
venturing into film and the related activities.
During the year under review Jikesh Shah, Retire by rotation and being
eligible offers himself for reappointment.
Mr.Vishal Kumar shah who have been appointed as an additional director
on 15/02/2012, in respect of whom company received a notice for his
appointment seeks the appointment as a director liable to retire by
M/s. Mehul & Associates, Chartered Accountants, retire as Auditors of
the Company at the ensuing Annual General Meeting and are eligible for
reappointment. The notes to accounts referred to in the Auditors Report
is self-explanatory and therefore do not call for any further comments.
Certificate of Auditors of the Company regarding compliance of the
conditions of Corporate Governance as stipulated in clause 49 of the
Listing Agreement with Stock Exchange, is enclosed.
MANAGEMENT DISCUSSION AND ANALYSIS
Management Discussion and Analysis forms part of the Corporate
The Company have not accepted any deposit u/s. 58A of the Co. Act, 1956
from the public during the year under review.
PARTICULARS OF EMPLOYEES
The company do not have any employees of the category specified in
Section 217 (2-A) of the Companies Act, 1956 read with the (Companies
Particulars ofEmployees) Rules, 1975.
CONSERVATION OF ENERGY AND TECHNOLOGY ABSORBTION
The Company has no activities relating to conservation of energy,
FOREIGN EXCHANGE EARNIGS AND OUTGO Foreign Exchange Earnings : NIL
Foreign Exchange Outgo : NIL
DIRECTOR''S RESPONSIBILITY STATEMENT
Pursuant to the requirements under section 217 (AA) of the; Companies
Act, 1956 with respect to Directors Responsibility, it is hereby
1) That in the preparation of the annual accounts, the applicable
accounting standards have been followed. ,
2) That the Directors have selected such accounting policies and have
applied them consistently and made judgment and estimates that are
reasonable and prudent so as to give a true and fair view of the state
of affairs of the Company at the end of the financial year and for the
profit and loss of the company for that period.
3) That the Directors have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
assets of the company and for detecting fraud and other irregularities.
4) That the Directors has prepared the accounts pn a going concern
LISTING AGREEMENT COMPLIANCE
Equity Shares are listed on the Stock Exchanges at Mumbai, The Calcutta
Stock Exchanges and M.P. Stock Exchanges.
Industrial relations continued to be cordial throughout the year.
Your Directors would like to express their grateful appreciation of the
assistance and cooperation received from all its Bankers. The Directors
also acknowledge with thanks the continued support and confidence
reposed in the management by the Company''s shareholders, customers and
Your Directors wish to place on record their deep sense of appreciation
for the devoted services of the executives and staff for its success.
By Order of the Board of Directors
EB For MILLENNIUM CYBERTECH LIMITED
PLACE :MUMBAI Chairman
DATE : 31-8-2012