The Directors have pleasure in presenting their Annual Report and
Audited Statement of Accounts for the year ended 31st March, 2012
FINANCIAL RESULTS I WORKING:
The financial results of the company as disclosed in the account are
Total Revenue 11,31,65,852 41,87,79,904
Total Expenses 184.108.40.2069 42.23.04.605
Profit/ Loss before exceptional
and extraordinary items and tax (12,87,837) (35,24,701)
Exceptional Items Nil Nil
Profit before Tax (12,87,837) (35,24,701)
1. Current Tax 00.00 00
2. Deferred Tax (6,78,204) (4,27,621)
3. Tax for Earlier years (3,47,089) 83,78,009
4. Earlier years(TDS) 00.00 7.908
Profit and Loss for the period
From Continuing operations (23,13,130) 11,82,997
Profit/ (Loss) from last year 12.85.94.09 220.127.116.116
Profit/fLoss) for the period (23,13,130.00) (1,14,82,997.00)
Directors are hopeful for the better results of the Company workings in
the current year.
Board of Director has not recommended any dividend during year under
review. PUBLIC DEPOSITS:
During the year under review, the Company has not accepted the Public
Deposits within the meaning of Section 58-A of the Companies Act, 1956
read with the rules framed thereunder.
CONSERVATION OF ENERGY:
The consumption of energy is being continuously monitored and effective
measures are adopted to achieve economic consumption. Total foreign
earning and outgo, energy consumption and energy consumption per MT of
Production is as per Form ''A'' is enclosed.
TECHNOLOGY ABSORPTION, RESEARCH AND DEVELOPMENT:
Production Department of the Company are always in pursuit of finding
the ways and means to improve the performance, quality and cost
effectiveness of its products. The technology used by the Company is
updated as a continuous exercise. The Company does not have a separate
Research and Development activity.
PARTICULARS OF EMPLOYEES:
As required under section 217 (2A) of the Companies Act, 19S6 read with
ihe Companies (Particulars of Employees) Rules 1975; as amended, the
particulars of employees covered there under are Ml.
Mr. Keshav APardhey, director retire by rotation and being eligible,
offers himself for re-appointment. There is no other change in the
composition of the Board of your Company.
DIRECTORS'' RESPONSIBILITY STATEMENT:
The Board of Directors confirms:
1. That in Ihe preparation of the annual accounts, die applicable
accounting standards had been followed along with proper explanation
relating to material departure;
2. That the directors had selected such accounting policies and
applied them consistently and made judgements 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 aid of die financial year and of the
profit or loss of the company for that period;
3. That the directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of this Act for safeguarding the assets of the company and
for preventing and detecting fraud and other irregularities; .
4. That tiie directors had prepared the annual accounts on a going
concern basis. AUDITORS:
Auditor''s qualifications read with notes and other details in Balance
Sheet are self- explanatory and do not require for any additional
The Company''s Auditors Lalit Jham & Co., Chartered Accountants,
Nagpur - retire at the conclusion of the ensuing Annual General Meeting
and are eligible for re- appointment.
SECRETARIAL COMPLIANCE CERTIFICATE:
In terms of proviso to section 383A(1) of the Companies Act 1956, as
amended, the Company has obtained necessary Secretarial Compliance
Certificate from a Practising Company Secretary, and the same is
The Board of Directors are grateful to the Company''s Bankers, Other
Government, Semi-Government, and Statutory Bodies for their continued
co-operation and assistance during the year.
For and on behalf of the Board
Place: Nagpur DIRECRTOR DIRECTOR
Dated: 31st August, 2012 (Krishan Kumar Agrawal) (Radheshyam Agrawal)