The Directors have pleasure in presenting their 14th Annual Report for
the period ended 31st July, 2003
FINANCIAL REPORT :
During the Year, Company has earned the profit of Rs.92,342/-
DIVIDEND :
To augment the financial strength of the Company, the profits have been
ploughed back and hence your Directors do not recommend any dividend
for the current year.
DIRECTORS :
In accordance with the provisions of the Companies Act, 1956 and the
Articles of Association of the Company Mr. V. K. Chaturvedi retires by
rotation at the Annual Meeting and eligible for re-appointment.
PERSONNEL:
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 OF TECHNOLOGY ABSORPTION, 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 and outflow during the year under review.
AUDITORS :
M/s. M. A. Darji & Co. Chartered Accountants, the Auditors of the
Company retire at the forthcoming Annual General Meeting and being
hereby eligible and recommended for appointment.
ACKNOWLEDGMENT:
The Directors would like to express their appreciation for the
Assistance and Co-operation receive from their Advocates & Solicitors,
Consultants, Stock Exchange, SEBI, State and Central Government
authorities at all level, CBDT Officials, Bankers during the year under
review.
The Board of Directors wish to place their appreciation for the sincere
and devoted service ended by the executive and staff at all levels of
the Company for its Success.
For and behalf of the Board of Directors
Director
Place : Mumbai
Date : 3rd September 2003
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