| The Directors have pleasure in presenting the 16th Annual Report
together with audited statement of accounts of the Company for the year
ended on 31st,March, 2010.
1. OPERATIONS
The company has a very good Operational activity during the year due to
good market.
2. FINANCIAL RESULTS
The financial result during the year 2009-10 is summarized below:
PARTICULARS (AMOUNT Rs. In Lacs)
2009-10 2008-09
Turn Over 19.62 15.13
Expenses 16.44 15.38
Profit Before Tax 3.18 -00.25
Provision for Taxation 0.49 00.00
Profit after Tax 2.69 -00.25
3. DIVIDEND
The Company does not recommend any dividend during the year.
4. PUBLIC DEPOSITS
During the year the company has not accepted any deposit u/s 58A of the
Companies Act, 1956.
5. AUDITORS
M/s. Shirish Dalai & Associates, Chartered Accountants the Statutory
Auditors of the Company retire at the conclusion of the ensuing Annual
General Meeting and being eligible, offer themselves for
re-appointment. The Company has received confirmation that their
appointment, if made would be within the prescribed limit specified u/s
224(1 B) of the Companies Act, 1956 and that they are not disqualified
for such appointment within the meaning of Section 226 of the Companies
Act, 1956.
Your Directors recommend re-appointment of M/s Shirish Dalai &
Associates as the Statutory Auditors of the Company for the current
financial year and fixation of their remuneration.
6. DIRECTORS
In accordance with the Companies Act, 1956, Mr. Mukesh G Bhojwani who
is liable to retire by rotation and being eligible, have offered
himself for re-appointment.
7. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE
EARNINGS AND EXPENDITURE
The Company does not own manufacturing activity, the disclosure of
information relating to conservation of energy and technology
absorption to be disclosed in terms of 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 are not applicable and
hence not given.
There are no foreign exchange transactions during the year.
8. PARTICULARS OF EMPLOYEES
The Company does not have any employee who is in receipt of
remuneration aggregating to the sum prescribed u/s 217(2A) of the
Companies Act, 1956 read with the Companies (Particulars of Employees)
Rules, 1975 as amended till date.
9. DIRECTORS RESPONSIBILITY STATEMENT
Pursuant to the requirements u/s 217(2AA) of the Companies Act, 1956
your Directors hereby state and confirm that:
(i) in preparation of the Annual Accounts, the applicable accounting
standards have been followed along with proper explanation relating to
material departures, if any;
(ii) they have selected the accounting policies and applied them
consistently and made; judgements and estimates that are 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 under review and for the
profit of the Company for the same period;
(iii) they 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 irregularities; and
(iv) they have prepared the Annual accounts on a going concern basis.
10. LISTING
The equity shares of the Company are listed at the Bombay Stock
Exchange (BSE) and Ahmedabad Stock Exchange (ASE).
The trading of the shares of the Company is suspended by the stock
exchanges. The management is taking all the necessary steps in order to
revoke the suspension of trading in the Equity shares of the Company.
11. CORPORATE GOVERNANCE AND COMPLIANCE
A report on corporate governance is annexed to this report. A
certificate from Statutory Auditors with regards to the compliance of
the Corporate Governance by the company is annexed to this report.
The company has fully complied with all mandatory requirements as
prescribed under clause 49 of the listing agreement. In addition, the
company has also implemented some of the non mandatory provisions of
Clause 49 of the Listing Agreement.
12. ACKNOWLEDGMENTS
Your Directors express their gratitude for the support and guidance
received from Shareholders, Banks and other agencies.
The Directors also express their sincere thanks and appreciation to all
the employees for their commendable teamwork and efforts during the
year.
By Order of the Board
For GOPLEE INFOTECH LIMITED
Place: Ahmedabad
Date: June 01, 2010
Gopaldas P Bhojwani
Chairman
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