The have pleasure in presenting the Annual Report of the Company Along
with the audited statements of Accounts for the year ended 31st March,
During the year under review Company has earned Income of Rs 41882/- as
compared to the income Rs. 9286356/- for the previous year and create a
profit of Rs. 15.789 /- as compared to the
profit of Rs. 58,136/- for the previous year.
As the Company has earned marginal profit in the current financial
year, therefore, the directors are unable to recommend dividend for the
year under review.
The Company has not accepted any Deposits from the public within the
meaning of Section 58A of the Companies Act, 1956 and Rules made there
in the ensuing Annual General Meeting, Shri Rahulkumar Kankariya will
retire by rotation and being eligible offer himself for reappointment.
There being no other change in directorship during the year under
DIRECTOR''S REPONS 1BILITY STATEMENT:
Pursuant to the requirement under section 217(2AA) of the Companies
Act, 1956, which requires company to give a Directors Responsibility
statement, your directors hereby confirm -
That in preparation of annua! accounts, the applicable accounting
standards had been followed along with proper explanation relating to
That Company has selected Mercantile accounting policies and applied
them consistently and made judgements and estimates that arc reasonable
and prudent so as to give a true and fair view of the state of affairs
of the company at the end of the financial year and of the profit of
the company for that period.
That the directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of this Act for the safeguarding the assets of the company
and for preventing and detecting fraud and other irregulations.
That the Directors had prepared the annual accounts on a going concern
The Auditors M/s Mehta Lodha & Co., Chartered Accountants retire and
offer themselves for reappointment.
COMMENT ON AUDITORS'' REPORT:
Auditor has raised a query in respect not having an Internal Audit
System, Your director submit that in our opinion, there are adequate
internal procedures commensurate with the size and nature of it''s
business. We ensure that as and when there is an increase in
transaction of the Company, Company will appoint Internal Auditor.
There is no adverse comment except mentioned above in the Auditors''
Report which requires any further explanation under Section 217 (3) of
the Companies Act, 1956.
PARTICULARS OF EMPLOYEES AND OTHERS:
The Company does not have any employee receiving remuneration of
Rs.5,00,000/- per month or Rs.60,00,000/- per annum and therefore, no
particulars are required to be furnished under section 217(2A) of the
Companies Act, 1956.
INFORMATION ON ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN
The particulars regarding conservation of energy, Technology
upgradation and Foreign Exchange earnings and outgo, pursuant of
Companies (Disclosure of particulars in the report of Board of
directors) Rules, 1988 are nil.
The Company places on record its deep appreciation for all those who
have been associated with the company and have continued their support
towards the growth and stability of the company.
Place: Ahmedabad For & on behalf of the board of Directors
Date: 8th July, 2014
Rakeshkumar Kankariya Rahul Kunkariya
DIN:00314184 DIN: 00314234