| ANNUAL REPORT 2005-2006
DIRECTOR'S REPORT
TO
DEAR MEMBERS,
Your Directors have pleasure in presenting the "Twenty First" Annual Report
of the company together with the Audited Accounts for the period ended.
31st March, 2006.
FINANCIAL RESULTS:
For the Period ended For the year ended
31st March, 2006 31st March, 2005
(Rs. Lakhs) (Rs. Lakhs)
Turnover 0.00 0.00
Profit before Tax - -
Provision for Tax - -
Profit After Tax - -
Appropriation - -
Transfer to General Referee - -
Transfer to Balance Sheet - -
2. OPERATIONS:
During the Period the company has a turnover of Rs. 0.00 lakhs, as against
Rs. 0.00 Lakhs incurred during the corresponding period of the previous
year. After meeting the expenses the company loss of Rs.781.01 as against
Rs.1426.72 loss made during the previous year.
3. DIRECTORS:
Shri. V. Manohar and G. Krishna Mohan retires by rotation in the ensuing
Annual General Meeting as per the provisions of the Companies Act 1956 and
the Articles of Association of the company being eligible has offered him
selves for re-appointment.
During the year Shri. K. Satyanarayana and Shri. S. Surya Prakasa Rao
Resigned from the his Director ship from the Board. The Board was Accepted.
4. THE SEBI ORDERS ON THE COMPANY:
The Board of Directors of the company wish to inform the members of the
company that SEBI passed an order No. MO/195/IVD/02/2006, dated 07.02.2006.
The said order for dismissal before SAT. Further SEBI is also passed
another order on the company No. WTM/GA/49/IVD/2/06, dated 01.02.2006 the
company made an apple before Hon'ble Whole Time Member (WTM) for the
revocation. The prayer is before Hon'ble Whole Time Member for disposal.
The company unable to furnish the shareholding pattern of the company.
Since NSDL and CDSL electronic connectivity is disconnected w.e.f. March
15th, 2006 with Ikon Vision (P) Ltd. RTA of the company. The company
appointing RTA in order to take the responsibility of reconciliation of
share holding pattern and resume RTA.
5. DEPOSITS:
The company has not accepted any deposits from the public attracting the
provisions of section 58A of the Companies Act, 1956 and the rules made
thereunder during the year under review.
6. AUDITOR:
The present Auditors of the company M/S. Nataraja Iyer & Co, Chartered
Accountants retire at the conclusion of the Annual General Meeting and they
are eligible for reappointment.
7. PARTICULARS OF EMPLOYEE:
During the year there was no employees drawing remuneration attracting the
salary mentioned under Section-217 of the Companies Act, 1956 and the rules
made thereunder.
8. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNING
AND OUT GO:
As the company had not carried out any manufacturing activities no details
of energy consumption and conservation is provided in the report.
The company had not adopted any foreign technology during the year.
The company had not earned nor spent any foreign exchange during the year.
9. ACKNOWLEDGEMENT:
The directors thank the shareholders; bankers for their support extended to
the company.
BY ORDER OF THE BOARD
Sd/-
M. Sudhakar Rao
Managing Director
Place: Hindupur
Dated: 03-08-2006 | 