TO THE MEMBERS
The Directors have pleasure in presenting the Twenty First Annual
Report of your Company along with Audited Annual Accounts for the year
ended 31st March, 2012.
During the year under review your company''s sales have increased to Rs.
2701.07 Lakhs and a pre tax profit of Rs.11.59 Laksh was earned after
providing depreciation of Rs. 6.02 Lakhs and after providing tax of Rs.
3.72 Lakhs a net profit of Rs. 7.87 Lakhs was earned.
FINANCIAL OF THE COMPANY
The financial performance of the Company for the year ended on 31st
March, 2012 is as follows:
Rupees in Lakhs
Particulars 2011-12 2010-11
Sales 2701.07 2445.84
Other Income 32.89 2.01
Depreciation 2716.35 2173.83
Depreciation 6.02 6.36
Proflt/(Loss) before tax 11.59 (32.33)
Provision for Taxation 3.72 (11.07)
Profit / (Loss) after tax 7.87 21.25
Profit / (Loss) carried to
Balance Sheet (2.09) (9.96)
Dividend -- --
EPS (Basic) 0.32 (0.87)
EPS (Diluted) 0.32 (0.87)
There are no material changes.
Bearing in mind the financials of the Company, the Directors do not
recommend any dividend for the year.
The Company has not accepted or renewed any fixed deposits from public
during the year.
During the year there has been no change in the Board of Directors. In
accordance with the provisions of the Companies Act, 1956 and the
Articles of Association of the Company, Shri Madhu Sudan Somani retires
by rotation at the ensuing Annual General Meeting of the Company. He is
eligible for re- appointment.
Shri Damodar Prasad Sarda, whole-time director is reappointed for a
further period of 5 years w.e.f. 1st February, 2012, this reappointment
is proposed to be confirmed at the ensuing Annual General Meeting.
M/s. S.S. Kothari Mehta & Co., Chartered Accountants, Statutory
Auditors of the Company holds office until the conclusion of the
forthcoming Annual General Meeting and is eligible for re- appointment
The Company has received a letter from them to the effect that their
appointment, if made, would be within the prescribed limits under
Section 224(1 B) of the Companies Act, 1956. Accordingly, the said
Auditors are proposed to be re- appointed as auditors of the Company
for the financial year 2012-13 at the ensuing Annual General Meeting.
The notes to the accounts referred to in the Auditors'' Report are
self- explanatory and therefore do not call for any further comments.
DIRECTORS RESPONSIBILITY STATEMENT
Pursuant to the requirement under Section 217(2AA) of the Companies
Act, 1956, with respect to Directors'' Responsibility Statement, your
Directors confirm that:
1. in the preparation of the Annual Accounts, the applicable
Accounting Standards have been followed and there are no material
2. they have selected such accounting policies and applied them
consistently and made judgments and estimates that are reasonable and
prudent so as to give true and fair view of the State of Affairs of the
Company for the financial year ended 31st March 2012 and of profit of
the Company for that year;
3. they have taken proper and sufficient care to the best of their
knowledge and ability 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
detecting fraud and other irregularities;
4. they have prepared the Annual Accounts on a ''going concern''
PARTICULARS OF EMPLOYEES
There are no employees in the Company whose particulars are required to
be disclosed under the provisions of section 217(2A) of the Companies
Act, 1956 read with Companies (Particulars of Employees) Rules, 1975 as
amended, from time to time.
As per the requirements of Section 383A of the Companies Act, 1956 and
Companies (Compliance Certificate) Rules, 2001, the Company has
obtained a Certificate from M/s V. M. & Associates, Company Secretaries
in Whole-time Practice, confirming that the Company has complied with
the provisions of the Companies Act, 1956 and a copy of the Compliance
Certificate is annexed to this report.
The appointment of M/s V.M. & Associates, Company Secretaries in
Whole-time Practice, is also sought, for the year 2012-13, given in the
CONSERVATION OF ENERGY. RESEARCH AND DEVELOPMENT. TECHNOLOGY ABSORPTION
AND FOREIGN EXCHANGE EARNINGS AND OUTGO
The particulars regarding foreign exchange earnings and expenditure are
NIL. The directors always put stress on utilizing the power and fuel at
optimum efficiency. The Company is using agro-waste, in place of coal.
The particulars of power and fuel consumed is annexed in Annexure
herewith and forms integral part of the report. The company is using
Agro waste in place of coal.
The Board of Directors place on record their appreciation for the
assistance and cooperation received form the Financial institutions,
banks, government and local authorities for their strong support and
valuable guidance. The directors are thankful to the shareholders for
their continuing support to the Company. Your directors also wish to
place on record their deep sense of appreciation for the devoted
services of the executives, staff and workers of the Company for its
For and on behalf of the Board of Directors
PLACE : ALWAR D.P. Sarda
DATE . 30.08 2012 Chairman