| The Directors submit the 23rd Annual Report together with the Audited
Accounts for the year ended 31st March 2009. The Company has stopped
the production since May. 2003 due to unremunerative selling price, as
a result of which there is no production and sales during the year.
OPERATIONS
The invoiced value for the year Rs. Nil as against Rs.0.30 lacs in the
previous year.
In view of the unremunerative selling price ofEPBT manufacturing of the
same is suspended since the month of May 2003. The company is exploring
the possibility of other revenue earning activities through alternative
products/services.
PARTICULARS OF EMPLOYEES
The Company had no employee attracting the provision of Section 217(2A)
of the Companies Act 1956.
DIRECTORS RESPONSIBILITIES
i) While preparing the Annual Accounts, an applicable accounting system
had been followed and there have been no materials departures.
ii) The Directors have selected accounting policies and complied with
them consistently for the period under review. Necessary systems and
judgements have been made which are reasonable and prudent, so as to
give a true and fair view of the state of affairs of the Company and
also the Profit & Loss of the Company for that period.
iii) The Directors have taken proper and sufficient care for the
maintenance of the adequate accounting records in accordance with the
provisions of this act safeguarding the assets of the Company and for
preventing and detecting fraud and other irregularities.
iv) The Annual Accounts of the Company have been prepared on a "going
concern" basis.
DIRECTORS
The Board appointed Shri P. K. Das and Shri Shyamal Dasgupta as
Additional Directors of the Company at its Board Meeting held on
30.03.2009 and 30.07.2009 respectively. They hold Office up to the
date of the next Annual General Meeting on 30.09.2009 and being
eligible offer themselves for re-election.
Shri U. K. Mukherjee and Shri G. Bhattacharya both resigned from the
Board on 30.01.2009 and also Dr. J. N. Maiti resigned from the Board on
30.07.2009. The Board placed on record their deep appreciation of the
valuable guidance and services rendered by them during their
association with the Company as a Director.
Shri D. K. Pal retires from the Board by rotation and being eligible,
offer himself for re-appointment.
AUDITORS
M/s Singhi & Co., Chartered Accountants, retire and have expressed
their willingness to continue in Office, if reappointed.
For and on behalf of the Board
SHYAMAL DASGUPTA
DIRECTOR
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