The Directors have pleasure in presenting their Eighteenth Annual
General Report together with the Audited Accounts for the period ended
31st July, 2004.
FINANCIAL REPORT :
During the year company has earned the profit of Rs. 8,900/-
To augment the reserves and consolidate the operations, your Directors
do not recommend the Dividend for the year ended 31st July, 2004.
In accordance with the provisions of the Companies Act, 1956 and the
Articles of Association of the Company Mr. N. M. S. Deo retires by
rotation at the ensuing Annual General Meeting and eligible for
The provisions of the section 217(2A) of the Companies Act, 1956 read
with the Companies (Particulars of Employees) Rules, 1975 as amended,
does not apply to the Company.
CONSERVATION OF ENERGY AND TECHNOLOGY ABSORBTION, FOREIGN EXCHANGE
EARNINGS AND OUTFLOW
The provisions of section 217(2A) of the Companies Act, 1956 read with
the Companies (Disclosure of particulars in the report of the Board of
Directors) Rules 1988 as amended, does not apply to the Company. There
was no foreign earnings and outflow during the year under review.
A. R. Vishwakarma & Co. Chartered Accountant, the Auditors of the
Company retire at the forthcoming Annual General Meeting and being
hereby eligible and recommended for appointment.
The Directors would like to express their grateful appreciation for the
Assistance and Co-operation received from their Advocates & Solicitors,
Consultants, Stock Exchange, SEBI, State and Central Government
authorities at all levels, CBDT Officials, Bankers during the year
The Board of Directors wish to place their appreciation for the sincere
and devoted service rendered by the Executive and staff at all levels
of the Company for its Success.
For and behalf of the Board of Directors
Place : Mumbai
Date : 24th September, 2004