Shricon Industries Limited
The Directors have pleasure in presenting the Annual Report of the
Company for financial year ended March 31, 2014 with the Audited
Statement of Accounts and the Auditors'' Report of your Company for the
financial year ended 31st March 2014.
The detailed financial statement of the Company is attached with this
Your directors do not recommend any dividend on equity shares for the
period ended 31st March, 2014.
DIRECTORS'' RESPONSIBILITY STATEMENT
Pursuant to the requirement under Section 217 (2AA) of the Companies
Act, 1956, with respect to Directors'' Responsibility Statement, it is
hereby confirmed that:
i. in the preparation of the annual accounts for the financial year
ended 31st March, 2014, the applicable accounting standards have been
followed along with proper explanations relating to material
ii. the Directors have selected such accounting policies and applied
them consistently, and made judgments and estimates that are reasonable
and prudent so as to give a true and fair view of the state of affairs
of the Company as at 31st March, 2014 and of the profit of the Company
for the said period;
iii. the Directors have 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
iv. the Directors have prepared the accounts for the financial year
ended 31st March, 2014, on a ''going concern'' basis.
Your Company has not accepted any fixed deposits from public and, as
such, no amount of principal or interest was outstanding on the date of
the balance sheet.
In accordance with the provisions of the Companies Act, 1956 and the
Articles of Association of your Company, Mr. Nawal Kishore Maheshwari,
Director of your Company, retires by rotation at the forthcoming Annual
General Meeting and being eligible, offers himself for reappointment.
M/s M/s Harish Dayani & Co., Chartered Accountants the Auditors of your
Company, retire at the forthcoming Annual General Meeting and have
confirmed their eligibility and willingness to accept office, if
The Notes on Accounts referred to in the Auditors'' Report are self
explanatory and do not require any further comments.
PARTICULARS OF EMPLOYEES
Information in terms of Sec 217(i)(e) of the Companies Act, 1956 read
with the Companies (Particulars of Employees) Rules, 1975 is not
applicable to the Company.
ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNINGS AND OUTGO
Considering the business activities of the Company information required
to be provided under Section 217(1)(e) of the Companies Act, 1956, read
with the Companies (Disclosure of Particulars in the Report of Board of
Directors) Rules, 1988, in relation to Conservation of Energy and
Technology Absorption are currently not applicable to the Company.
There was no earning or expenditure in foreign currency during the
The Board of Directors would like to express their sincere thanks to
the all shareholders and other concerned for their continued support
For and on behalf of the Board of Directors,
Om Prakash Maheshwari Nawal Kishore Maheshwari
Date: August 14, 2014