| To The Members,
The Directors have pleasure in presenting the IS111 Annual Report of
the Company together with the Audited Statement of Accounts for the
year ended on 31st March, 2013 along with Auditors Report thereon.
FINANCIAL RESULTS:
Year ended Year ended
31,03.2013 31.03.2012
Rs. Rs.
Profit/(Loss) for the year 34,737 (492,682)
Add/(Less):
Extraordinary Items - (1,742,749)
Provision for Income Tax 10,734 -
MAT Credit - -
Profit/ (Loss) After Tax 24,003 (2,235/132)
Add:
Balance Brought forward
from previous year (17,338,363) (15,102,932)
Balance Carried over (17,314,360) (17,338,363)
DIVIDEND
In view of inadequate profits, your Directors do not recommended any
dividend for the year under review.
DEPOSIT
During the year, the Company has not accepted any deposits from public
within the meaning of Section SB A and 58 AA of the Companies Act,
1956.
DIRECTORS
Mr. Devraj Roy, retire at the forthcoming Annual General Meeting by
rotation, and being eligible, offer himself for re-appointment.
AUDITORS
M/s J.B.S. & Company, Chartered Accountants retires at the conclusion
of the ensuing Annual General Meeting and being eligible, offered
themselves for reappointment.
AUDITORS* REPORT:
The Auditors' Report does not contain any adverse
comment/qualification. Therefore, no further management comments are
called for.
PARTICULARS OF THE EMPLOYEES:
The Company has no employee within the preview of the Section 217(2A)
of the Companies Act, 1956 and as^sjich particulars stipulated therein
are not given.
CORPORATE GOVERNANCE:
A separate report on Corporate Governance to clause 49 of the Listing
Agreement witfi the Stock exchange is attached as a separate Aiunexure
and forms a part of this report.
DIRECTORS1 RESPONSIBILITY STATEMENT UNDER SECTION 217J2AA) OF TE
COMPANY'S ACT,1956r
The Board of Directors States:
1) That in the preparation of annual Accounts, the applicable
accounting Standards have been followed.
2) That your director have selected such accounting Policies and
adopted them consistently and made judgments^nd estimates that are
reasonable and prudent so as to give a true and fair view of die state
of affairs of the Company at the end of financial year and of the
profit of the Company for that year,
3) That your Directors have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
Provisions of the Act for safeguarding the assets of die Company and
for preventing and detecting frauds and other irregularities,
4) That your directors have prepared the annual Accounts on a going
concern basis.
PARTICULARS OF THE TECHNOLOGY ABSORPTION, CONSERVATION OF
ENERGY AND FOREIGN EXCHANGE EARNING & OUTGO
Conservation of Energy ; Not Applicable
Technology Absorption : Not Applicable
Foreign Exchange Earning : NIL
Foreign Exchange Outgo : NIL
Listi ne Of Eo u i tv S ha res
The Company's equity shares are listed with The Bombay Stock Exchange
Limited (BSE). The Company has paid requisites listing fees to the
Stock Exchange for the financial year 2013- 2014.
Depository System
Your Company has made aff&ngement for dematerialization of shares with
both National securities Depository Limited (NSDL) and Central
Depository Services (India) Limited.
COMPLIANCE CERTIFICATE:
In accordance with Sec .383A of the Companies Act, 1956 and Companies
(Compliance Certificate) Rules 2001, the Company has obtained a
certificate from a Secretary in whole time practice confirming that the
Company has complied with all the provisions of the Companies act, 1956
and a copy of such certificate is annexed to this Report.
ACKNOWLEDGEMENT:
Your Directors wish to place on record their appreciation for the
co-operation received by the Company from Bankers and Associates of the
Company.
For & on Behalf of the Board
Regd. Office:
16A, Shakespeare Sarani
Kolkata-700 071
DIRECTORS
Dated: 28.05.2013 | 