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कनोरिया प्लास्टकेम निदेशकों की रिपोर्ट, कनोरिया प्लास्टकेम निर्देशकों द्वारा रिपोर्ट

कनोरिया प्लास्टकेम

बीएसई: 530847  |  NSE: N.A  |  ISIN:  |  Plastics

खोजें कनोरिया प्लास्टकेम कनेक्शन Mar 98
निदेशकों की रिपोर्ट वर्षांत : Mar '11
The Directors place before you the Eighteenth Annual Report on the
 working of your Company and the Audited Statement of Accounts for the
 year ended 31st March 2011.
 
 1. PERFORMANCE OF THE COMPANY DURING THE YEAR UNDER REVIEW:
 
 The financial performance during the year ended March 31, 2011 is
 briefly summarized below:
 
                          For the Current Year    For the Previous Year
 Particulars              Ended 31-03-2011        Ended 31-03-2010
                           (Rs. In Lacs)            (Rs. In Lacs)
 
 Total Income                  1562.93                    991.96
 
 Gross Profit (Loss) 
 after Interest and before 
 Depreciation                    63.88                     36.17
 
 Depreciation,                   49.99                     35.06
 
 Income Tax                       2.60                      0.20
 
 Profit/ (Loss) after tax       102.64                      0.91
 
 
 2.  DIVIDEND
 
 Since the company has accumulated losses, your Directors decided not to
 recommend dividend for the year 2010-2011.
 
 3.  DEPOSITS
 
 The Company has not accepted deposits from the public during the year
 under review.
 
 4.  DIRECTORS
 
 a.  We regret to inform that Shri K.P. Padmanabha, has reached heavenly
 abode on 04th May 2011. The management remembers the services rented by
 Shri K.P. Padmanabha to the company.
 
 b.  Shri Siddhartha Kanoria, retires by rotation and being eligible
 offers himself for re-appointment at the ensuing Annual General
 Meeting.
 
 5.  DIRECTORS'' RESPONSIBILITY STATEMENT
 
 As required under Section 217(2AA) of The Companies Act, 1956 your
 Directors state that:
 
 While preparing Annual Accounts for the year ending 31st March 2011,
 the applicable Accounting Standards have been followed along with
 proper explanations relating to material departures:
 
 Company had selected such accounting policies and applied them
 consistently and made judgments that are reasonable and prudent which
 gives true and fair view of the affairs of the Company.
 
 Company had 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 the Company and for preventing and
 detecting fraud and other irregularities;
 
 Company had prepared accounts for the year ending 31st March 2011 on a
 going concern basis.
 
 6.  Reply to Auditors Qualifications:
 
 Non compliance of Section 297(1) of Company''s Act, 1956- The Company
 has taken up the matter with the legal person for making the
 application to central Government.
 
 Non compliance of clause 49 of the listing agreement: As the shares of
 the Company are not being traded on the stock exchange for long time
 due to losses, the compliance has not been done.
 
 Gratuity provision: The Company proposes to take the help of Actuarial
 valuer, for gratuity valuation.
 
 Depreciation written back: The company has revised the value of the
 plant and machinery in accordance with the market value based on the
 certificate issued by registered Chartered Engineer. The depreciation
 is charged on the basis of useful life of the machinery. Excess
 depreciation charged earlier has been written back.
 
 MSME Disclosure: The company has made effort to get the information
 from the suppliers. However the company yet to receive the information
 hence disclosure is not being done.
 
 7.  STATUTORY COMPLIANCE CERTIFICATE
 
 As required under Section 383A of the Companies Act, 1956, Statutory
 Compliance Certificate issued by a Company Secretary in Whole Time
 Practice is annexed herewith.
 
 8.  AUDITORS
 
 M/S Gowthama and Company, Chartered Accountants, Bangalore, retire at
 the conclusion of the ensuing Annual General Meeting and are eligible
 for re- appointment.
 
 9.  INFORMATION OF EMPLOYEES
 
 None of the employees were drawing remuneration more than the limit
 prescribed under section 217(2A) of the Companies act, 1956.
 
 10.  CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
 EARNINGS/OUTGO
 
 The information required U/s 217(1)(e) of the Company''s Act 1956, read
 with the Companies (disclosure of particulars in the report of the
 Board of Directors 1988 is appended hereto and forms part of this
 report.
 
 11.  ACKNOWLEDGEMENTS
 
 The Directors thank the Customers, Suppliers, Financial Institutions,
 Banks and share holders for their continued support and also recognize
 the contribution made by the employees to the Company''s progress during
 the year under review.
 
 
                                       For and on behalf of the Board
 
 Place: Bangalore                             (ASHISH KANORIA)
 
 Date : 15-06-2011                     Chairman & Managing Director
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • BREAKING NEWS LOWER : शिवसेना के CM पद के दावे पर फड़णवीस का बयान
  • BREAKING NEWS LOWER : हर किसी को सपने देखने का अधिकार है
  • BREAKING NEWS LOWER : CM पद पर उद्धव जी का बयान ही आधिकारिक है

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