The Directors are pleased to submit 31st Report & audited account of
the Company for the year ended: 31st March, 20 13.
The overall market income for capital segment was not encouraging in
the current year. The turnover and profitability of the Company was
decreased and the Company has net loss of Rs. (-) 11.34 Lacs in hand.
Current Year Previous Year
(Rs. In Lacs) (Rs. In Lacs)
Turnover 14.42 16.67
Nett Profit/Loss before Tax (-) 11.34 - 5.23
Nett Profit/Loss after Tax (-) 11.34 - 5.23
The Company has not accepted any fresh public deposits during the last
financial year. In this view, the net position of public deposit as on
31st March, 2012 is NIL
As required under section 217 (2AA) of the Companies Act, 1956 the
Directors'' responsibility Statement is enclosed in Annexure to this
Your directors are have not recommend Dividend in view of the loss
during the current year
Shri PARAS K. GHIYA and Smt. SWETABEN P. GHIYA retire from the Board
and eligible offer themselves for appointment.
The Company is legally advised that the provisions of Corporate
Governance are not applicable as the paid up share capital of the
Company is less then Rs.3.00 Crores.
The members are requested to appoint the statutory auditors.
Compliance Certificate received from practicing Company Secretary is
The statutory information relating to the conversion of the Energy,
Research and Development, Technology absorption and adoption, Foreign
exchange earnings and outgo are not relevant to the company as there
are no such activities during the year under consideration.
Your Directors take this opportunity to express their appreciation for
the co-operation of Bankers as well as of the shareholders.
For, RAJKOT INVESTMENT TRUST LIMITED
PLACE : Rajkot MRS. B.K.GHIYA
DATE : 31.08.2013 Directors