| The Director has pleasure in presenting the 52th Annual Report and
Audited Account for the Year ended 31st March, 2012.
1. FINANCIAL RESULTS Rs-In Lacs
Particular Year ended Year ended
31st March,
2012 31st March,
2011
Gross Income 7579.72 7460.71
Profit/ Loss before
interest, Pep. & Tax 26.36 14.52
Interest 3.23 .80
Depreciation 9.73 4.66
Provision for Taxation .87 1.18
Net Profit/ (Loss) 12.53 7.90
Balance brought forward 8.72 .82
Balance carried to Balance Sheet 21.25 8.72
1. OPERATONS: The company activity were local trading and import of
chemicals. During the year under review it has register the growth of
2% as compared to last yr's sales. Due to stiff competition and
profitability of your company has been severely effected. The directors
hope to achieve better results during the current year.
2. DIVIDEND: Your directors don't recommend any dividend during the
year under review.
3. Board of Directors: Shri Omprakash Berlia, Shri Samovar Vyas & Miss
Annie Fernandez; retires at the ensuring Annual General Meeting and
being eligible offered themselves for re-appointment You arc requested
to consider there reappointment
4. Fixed Deposits: Your Company has not accepted any Fixed Deposits
within die meaning of Section 58A of the Companies Act, 1956 and rules
made there under during the year under review from public.
5. Audi tors: M/s. M.A. Parikh & Co. Chartered Accountants, The
Auditors of the company retire at the ensuring Annual General Meeting
and being eligible offer themselves for re-appointment The said
Auditors have furnished a certificate that if re-appointment shall be
within the limits prescribed under section 224 (IB) of the companies
Act, 1956. Members are requested to consider their appointment and to
fix their remuneration.
6. STATUTORY DISCLOSURE: Information required to be given under
section 217 (1) (e) of the companies Act, 1956 read with the companies.
( Disclosure of Particulars in the report of the Board of Directors) A
rule, 1988 does not apply to your company as the company is not engaged
in manufacturing activities. There was no foreign exchange earning or
outgo during the year.
i) During the year under review there was no foreign exchange earning
or outgo.
ii) In the preparation of the annual accounts, the applicable
accounting standards have been followed;
iii) Standard accounting policies have been consistently applied in
consultation with the auditors.
iv) 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
this company and for preventing and detecting fraud and other
regulation.
v) These accounts have been prepared on an ongoing concern basis.
7. Foreign Exchanges: There was no foreign exchange earning during the
year but, company imported goods worth CIF value of Rs. 12,521,864/-
during the year ending 31 -March 2012 for trading purpose
8. Directors Responsibility Statement: Pursuant to the requirement
under section 217 (2AA)ofthe Companies Act, 1956 the Directors state
that: In the preparation of Annual accounts for the financial year
ended 31* March 2012 the applicable accounting standard have been
followed along with proper explanation relating to material departures.
The Directors have 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 as at 31" March 2012 and of the profit and loss account
of die Company under review.
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 frauds and other
irregularities. The Annual Accounts have been prepared on a going
concern basis.
9. Particulars of Employees: As there are no employees in receipt of
Remuneration of Rs 24,00,000 or more for the year or Rs. 2,00,000/- per
month if employed for part of the year, the statement made under
Section 217 (AA) is not applicable.
10. APPRECIATION: The Board wishes to express their sincere
appreciation to all the staff members for their efforts and
contribution made to the progress of die company and to the Bankers,
Shareholder, Customers and Suppliers for their sustained support
On Behalf of the board of directors
FOR PESTICIDES & BREWERS LIMITED
Place: Mumbai OMPRAKASH G. BERLIA
Date: 25/8/ 2012 MANAGING DIRECTOR |