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Shiva Medicare Directors Report, Shiva Medicare Reports by Directors
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Shiva Medicare

BSE: 524602|ISIN: INE875N01028|SECTOR: Hospitals & Medical Services
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Shiva Medicare is not traded in the last 30 days
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Directors Report Year End : Mar '14    Mar 13
The Members of Shiva Medicare Limited,
 
 The Directors have great pleasure in presenting their Annual Report
 along with the Audited Accounts for the year ended 31st March, 2014
 together with the Auditor''s Report thereon.
 
 OPERATIONS
 
 During the period under review, the Company has not done any business
 activity; hence there are no working Results.
 
 You must be pleased to know that the management of company has taken
 some concrete steps in order to revive the company and bring back the
 glories years of the company and thereby increasing share holders
 value. Some of the steps are as follows
 
 1) Resumption in Trading of Equity Shares of Company at BSE Ltd
 
 2) New Project Planning & Execution.
 
 3) Restructuring of Company''s balance sheet through Capital
 Reduction.
 
 In fact we are pleased to inform you that the company has already
 received NoC for the draft Scheme of Capital Reduction from BSE Ltd and
 a special resolution with regards to the same has been proposed in this
 AGM.
 
 Once the company''s capital is restructured and carry forward losses
 are set off, it would enable the management to explore various
 opportunities to enhance the net worth of the company through suitable
 means.
 
 With the above measure that the company has planned to initiate in the
 coming two years, the management of company is quite confident of
 increasing substantial share holder''s value.
 
 DIVIDEND
 
 You directors have not recommended payment of any dividend during the
 period under review.  DEPOSITS
 
 The Company has not accepted any deposits from the public during the
 year as such no amount of interest and principal was outstanding as of
 the date of the balance sheet.
 
 ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING
 & OUTGO
 
 There was no business activity and hence no steps were taken for
 Conservation of Energy. There was no Technology Absorption, Foreign
 Exchange Earning and Outgo. There was no Technical Know How pursuant to
 sections 217(l)(e) of the Companies Act, 1956 read with the Companies
 (Disclosures of Particulars in the report of the Board of Directors)
 Rules 1988.
 
 PERSONNEL
 
 There was no employee who was in receipt of the remuneration for the
 year or part thereof as prescribed under Section 217(2A) of the
 Companies Act, 1956 relating to the Companies (Particulars of
 employees) Rules, 1975, is required to be annexed.
 
 DIRECTORS
 
 Sh. Amit Jain is retiring by rotation and is eligible for
 re-appointment in the ensuing Annual General Meeting.
 
 AUDITORS
 
 M/s. Rama Chandra Rao. Chartered Accountant, Hyderabad Auditors of the
 Company retires at the ensuing Annual General Meeting and being
 eligible offer themselves for re-appointment.
 
 DIRECTORS'' RESPONSIBILITY STATEMENT
 
 Pursuant to the requirement under Section 217(2AA) of the Companies
 Act, 1956 with respect to Director''s Responsibility Statement, it is
 hereby confirmed:
 
 a) That in preparation of the Annual Accounts for the financial year
 ended 31st March, 2014; the applicable accounting standards have been
 followed along with proper explanation relating to material departures,
 if any. ;
 
 b) that the Directors had selected such accounting policies and applied
 them consistently and made judgments and estimates that were 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 or
 loss of the Company for the year under review;
 
 c) that the Directors had taken proper and sufficient care for the
 maintenance of adequate accounting records in accordance with the
 provisions of the Companies Act, 1956 for safeguarding the assets of
 the Company and for preventing and detecting fraud and other
 irregularities;
 
 d) That the Directors had prepared the accounts for the financial year
 ended 31st March 2014 on a ''going concern'' basis.
 
 ACKNOWLEDGEMENT
 
 The Directors wish to place on record their appreciation for the
 assistance, support and Co-operation to the Company.
 
                                     For and on behalf of the Board 
                                         For Shiva Medicare Limited
 
                                    Sd.                        Sd.
 
 Place: Hyderabad               AMIT JAIN               JOHN WILSON
 
 Date : 07.06.2014               DIRECTOR                  DIRECTOR
 
 
 
 
Source : Dion Global Solutions Limited
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