The Director have pleasure in presenting the 27th Annual Report along
with the audited Statement of Accounts for the year ended 31st March,
(Rs. In lakhs)
FINANCIAL RESULTS CURRENT YEAR PREVIOUS YEAR
Net Profit for the Year 8,55,649 6,86,595
Add: Balance Brought
forward from 22,627,578 21,940,983
Balance carried to
Balance sheet 23,483,227 22,627,578
Keeping in view the need to conserve the company''s resource, your
Directors consider not declare any dividend during the year under the
The Company has not accepted any fixed deposit during the year ended
31s1 March 2013.
Pursuant to the provision of section 255 of the companies Act, 1956 Mr.
Pravin Jain director of the company, retires at the ensuing Annual
General Meeting and being eligible, offers themselves for
In Accordance with the Requirements of Section 217(2AA) of the
companies Act, 1956 your Directors wish to confirm the following:
i) that the applicable accounting standards have been followed in the
preparation of Annual Accounts.
ii) that the directors have Selected such accounting Policies and
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 for that period;
iii) Proper and sufficient care has been taken for the maintenance of
adequate accounting records in accordance with the provisions of the
Companies Act for safeguarding the assets of the company and for
prevention and detection of fraud and other irregularities.
iv) The annual account for the year ended March 31, 2013 have been
prepared on a going concern basis.
CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNINGS AND OUT GO
The Particulars as required U/s 217(1) (e) of the companies Act, 1956,
read with companies (Disclosure of particulars in the Report of Board
of Directors) Rules, 1988 relating to conservation of energy,
Technology, Technology Absorption, Foreign Exchange Earning and outgo
are not Applicable to the company, as the company does not cany out any
manufacturing activity and has no dealing with foreign exchange.
PARTICULARS OF EMPLOYEES
The Particulars as required U/s 217(2A) of the companies Act, 1956,
read with companies (particular of employees), there was no employee
drawing remuneration in excess amount prescribed under Section 217(2A)
of the Companies Act, 1956 during the year ended 31st March 2013.
M/SAVS & Co., Chartered Accountants, the Auditors of the Company,
retire at the ensuing Annual General Meeting and being eligible offer
themselves for re-appointment.
The observation made in the Audit Report are self explanatory and
therefore, do not call for any further comment U/s 217 of the Companies
Act, 1956 The same have been noted for future compliance.
The Board records its sincere appreciation for the continuing support
and cooperation from bank , government authorities, shareholder ,
clients and staff of the Company .
By order of the Board of directors
RELSON INDIA LIMITED
Dated: 29/05/2013 (DIRECTOR)