To. The Shareholders.
The Directors have pleasure in presenting Thirty First Annual Report
and Audited Statement of Accounts for the year ended 31st March 2013.
FINANCIAL RESULTS:
The financial performance for the year is summarized below:
31.03,2013 31.03.20I2
Amount (Rs) Amount(Rs)
Profit before Tax 26,662.00 3,46.832.00
Less : Provision for Taxation Current 37,000.00
Less : MAT Credit Entitlement (16,085.00)
Add: Excess/(Short) Prov. Of
tax for earlier year (15.076.00) 58.00
11,586.00 3,25,975.00
Add : Balance b/f from
previous year 44,45,916.00 41,85,135.00
44,57,502.00 45,11,111.00
Less : Transfer to Statutory R
eserve as u/s45IC Of Reserve
Bank of India Act, 1934 3,170.00 65,195.00
Balance Carried to balance sheet 44,54,332.00 44,45.916.00
DIRECTORS:
Shri Praveen Kumar Chopra retires by rotation and being eligible offers
himself for re- appointment.
DIRECTORS' RESPONSIBILITY STATEMENT:
Pursuant to Section 21 7 (2AA) of the Companies Act. 2000. the
Directors state as under:
I That in the preparation of the annua! accounts. The applicable
accounting standards have been followed along with the proper
explanation relating to material departures.
2. That the directors have selected such 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 and of the
profit or loss of the Company for the period.
3. That the directors have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of this Act for safeguarding the assets of the Company and
preventing and detecting fraud and other irregularities.
4. That the directors have prepared the annual accounts on a going
concern basis.
COMPLIANCE CERTIFICATE:
In accordance with Section 383A of the Companies Act, 1956, and
Companies {Compliance Certificate) Rules, 2001, the Company has
obtained a certificate from a secretary in the 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 attached to this
Report.
AUDITORS:
M/s.B.L.Sarda & Co., Chartered Accountants, Auditors will retire at the
ensuing Annual General Meeting and offers themselves for
re-appointment.
Place: Mumbai
Dated: 30th August, 2013
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