The Directors have pleasure in presenting the Annual Report of the
Company together with the Audited Accounts for the financial year ended
on 31st March 2012.
1. Financial Results (Rs. in lacs)
Particulars 2011-12 2010-11
Sales 59.95 67.39
Other income 11.50 02.62
Depreciation 19.52 4.48
Profit/ Loss before Tax 01.94 4.99
Profit/Loss after Tax 01.22 4.99
During the current year your company has achieved a reasonable level of
growth. We are hoping that the phenomenal growth shall be achieved
during the next coming years.
Mr. Dashrathkumar Khatri, Director of the company retires at the
ensuring Annual General meeting and eligible for re-appointment.
Your directors'' wish to place on record their appreciation for the
contribution to growth of the business made by employees at all levels.
Information as required pursuant to section 217(2A) of the companies
Act, 1956 has not been given, as it is not applicable.
M/s Ashit T. Macwan, Chartered Accountants, Ahmedabad, Auditor of the
Company retire at the conclusion of ensuing Annual General Meeting and
being eligible, offer themselves for Re-appointment.
During the year, Company has not accepted inter corporate Deposits,
which falls under Section 58A of Companies Act, 1956.
6. Energy, Technology And Foreign Exchange
The additional information required to be disclosed in terms of
notification No.1029 dated 31st December, 1998 issued by the Department
of Company Affairs, Ministry of Finance is not applicable.
7. Directors'' Responsibility Statement
Pursuant to Section 217 (2A) of Companies Act, 1956, the Directors
i. In the preparation of Annual Accounts, appropriate accounting
standard have been followed.
ii. Appropriate accounting policies have been selected and applied
consistently and judgments and estimates made that are reasonable and
prudent so as to give true and fair view of state of affairs of the
company at the end of financial year ended 31st March, 2012.
iii. Proper and sufficient care has been taken for the maintenance of
adequate accounting records in accordance with the provisions of
Companies Act, 1956 for safe guarding the assets of the company and for
preventing and detecting fraud and other irregularities.
iv. The Annual Accounts have been prepared on going concern basis.
8. Auditor''s Qualification
Auditors have qualified their report to the members of the Company. In
this connection directors of the Company have discussed the same at
arm''s length on the recommendation of audit committee and have imitated
to take necessary action so as to show fair view of state of affairs of
the company in the coming financial year.
9. Preferential issue of shares:
During the financial year, Your company has issued 30000000 shares on
preferential basis to promoters/ other than promoters to raise fund for
future expansion programme of the company.
10. Report on Corporate Governance
Compliance Report on Corporate Governance is a part of Annual Report is
Your Directors wish to please on record their appreciation of the whole
hearted co-operation extended to company from various departments of
the central and state governments, company'' bankers and financial
institutions and employees of the company and look forward for the same
cordial relationship in coming years.
PLACE: COIMBATORE FOR AND ON BEHALF OF THE BOARD
DATE : 01/09/2012 CHAIRMAN