The Directors have pleasure in presenting the 30th Annual Report
together with the Audited Statement of Accounts for the year ended 31
Financial Results and Operation
During the year under review the Company had a turnover of Rs 245.18
Lacs and the net profit of Rs.9.22 Lacs
In view of the negligible profit during the year under review, Your
Directors express their inability to recommend any dividend.
During me year the Company has not accepted any deposits from public
under Section 56-A of the Companies Act, 1956.
There has been no change in the Board of Director of the Company. Shri
S.S Shaktawat is liable to retire by rotation and being eligible, as
offers himself for re-appointment.
Directors'' Responsibility Statement
Pursuant to the requirement under Section 217<2AA) of the Companies
Act, 1956, with respect to Director''s Responsibility Statement, it is
hereby confirmed that:
(i) in the preparation of the annual accounts, the applicable accounting
standards have been followed and there are no material departures from
(ii) the Directors have selected such accounting policies and applied
them consistently and made judgments and estimates mat are reasonable
and prudent so as to give a true and fair view of the state of affairs
of the Company as at March 31, 2012 and of the profit of the Company
for the year ended on that date.
(iii) 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 safeguarding the assets of
the Company, and for preventing and defecting fraud and the other
(iv) the directors have prepared the Annual Accounts for the year ended
31.3.2012 on a ''going concern basis''.
M/s M B R & Co., Chartered Accountants, Auditors of the Company retire
at the confusion of ensuing Annual General Meeting and being eligible
offer themselves for re-appointment. The Company has received
certificate from them to the effect that their re-appointment. if made,
would be in conformity with the Section 224 (IB) of the Companies Act,
Particulars of Employees
There is no employee under the category whose particulars are required
to be given under section 217(2A), as amended of the Companies Act.
Conservation of Energy, Technology Absorption and Foreign Exchange
Earnings and Outgo
Since the Company is not presently involved in any manufacturing or
processing activity, the information regarding conservation of energy,
technology absorption and R & D as required to be disclosed is not
Foreign Exchange Earning and Outgo
Foreign Exchange earned during the year: Nil
Foreign Exchange spent on traveling during the year Rs 2,35,655/-
Your Company is committed to maintain the highest standards of
Corporate Governance. The Directors adhere to the requirements set out
by the Securities and Exchange Board of India''s Corporate Governance
practices and have implemented the stipulations prescribed. The Report
on Corporate Governance as stipulated under Clause 49 of the Listing
Agreement forms part of the Annual Report.
The requisite Certificate from the Auditors of the Company, confirming
compliance with the conditions of Corporate Governance as stipulated
under the aforesaid Clause 49, is annexed to this Report.
The Directors would like to express their appreciation for the
continued confidence reposed in them by the shareholders of the Company
and look forward to their continued support.
For and behalf of the Board of Directors
Place: New Delhi (Manoj Khemam) (B.R. Goyal)
Date: 30.05.12 Director & Manager Director