TO, The Members of Shreenath Investment Company Limited
The Directors has pleasure in presenting the Annual Report and the
Audited Statement of Accounts for the year ended 31st March 2012.
PROFIT/LOSS FOR THE YEAR:
The company has made the profit of Rs. 1,06,12,705/- during the year
ended on 31st March 2012 after providing for Income Tax.
PARTICULARS OF EMPLOYEES;
There are no employees drawing remuneration exceeding the prescribed
limit set out in the provisions of Section 217(2A) of the Companies
The members are required to appoint the auditors and fix their
remuneration. M/s. Khimji Kunverji & Co. the auditors of the company,
retires at the forthcoming Annual General Meeting and being eligible
after themselves for reappointment.
Pursuant to Section 217(2AA) of the Companies Act, 1956, your Directors
(a) That the applicable accounting standards have been followed in the
preparation of the annual accounts.
(b) That the directors had 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 at the end of the financial year and of the
profit and loss of the company for that period.
(c) That the directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provision of this act for safe guarding the assets of the company and
for preventing and detecting fraud and other irregularities.
(d) That the directors have prepared the annual accounts on a going
CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE.
EARNINGS and OUTGO:
There is no foreign exchange, earning and outgo under review. The
information regarding conservation of energy and technology absorption
are not applicable to the company.
For & Behalf of the Board of Directors
30th May 2012