Abee Info-Consumables Ltd. के निदेशक की रिपोर्ट

Mar 31, 2012

To,The Members of ABEE INFO-CONSUMABLES LIMITED.

The Directors hereby present the 20th Annual Report together with the Audited Accounts of your company for the year ended March 31, 2012.

1. FINANCIAL RESULTS:

The summarized financial results for the year ended 31st March, 2012 are as under:

PARTICULARS FOR THE YEAR ENDED FOR THE YEAR ENDED 31.03.2012 31.03.2011

Income 1,37,47,083 1,01,14,047

Less: Expenditure 1,45,02,778 1,65,70,772

Net Profite / (Loss) before Tax (755,696) (6,456,025)

Less : Provision for Tax 0.00 0.00

Less : Deferred Income Tax (21,877) (1,77,416)

Profit / (Loss) after Tax before (733,819) (6,278,609)

extraordinary items

Less: Extraordinary items NIL NIL

Loss after extraordinary items (733,819) (6,278,609)

Add: Opening balance (73,231,166) (66,952,557)

of General Reserves

Balance Carried over to (73,964,985) (73,231,166)

Balance Sheet

Earnings per Share (0.07) (0.63)

2. ANNUAL PERFORMANCE & FUTURE PROSPECTS:

During the period under review, the company has incurred losses of Rs. 733,819/- The Company has relatively strived to reduce the losses this year as compared to the earlier year's losses which were Rs. 6,278,609/-. The company's turnover has basically reduced due to the change in printing technology and reduction in the usage of Dot Matrix Printers and heavy competition from the unorganized sectors.

Your Directors are continuously looking for avenues for future growth and development of the Company.

3. DIVIDEND:

In absence of Profits, Your Directors do not recommend any dividend for the year ended 31st March, 2012.

4. BOARD OF DIRECTORS:

During the period under review, the following changes in the composition of the Board of Directors took place;

a. Maj. Gen. Prabhakar Deshpande were regularized as the Independent Directors of the company w.e.f 30th September, 2011.

b. Mr. Shamsunder Bhandari and Mr. Purushottam Kabra, who were liable to retire by rotation at the Annual General Meeting held on 30th September, 2011 were reappointed as the Directors of the company.

In accordance with the provisions of the Companies Act, 1956, Mrs. Priya somani and Mrs. Radhika Joglekar, Directors of the company retire by rotation at the ensuing Annual General Meeting. The Company has received consent letters from the said Directors offering themselves for reappointment as the Directors of the company.

5. COMMITTEES OFTHE BOARD OF DIRECTORS:

In pursuance to complying with the Listing Agreement, your Company has various Committees.

The Details of the Committee are as follows;

Name Of The Committee Current Constitution Of The Committee

Audit Committee 1 Mr. Purushottam Kabra Independent Director

2 Maj. Gen. Prabhakar Deshpande Independent Director

3 Mrs. Radhika Joglekar Executive Director

Shareholders Grievance 1 Mr. Purushottam Kabra Independent Director Committee 2 Mrs. Radhika Joglekar Executive Director

3 Mrs. Priya B. Somani Executive Director

Remuneration 1 Mr. Shamsunder Bhandari Independent Director

Committee 2 Maj. Gen. Prabhakar Deshpande Independent Director

3 Mr. Purushottam Kabra Independent Director

4 Mr. Badrinarayan B. Somani Chairman & Managing Director

6. DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to Section 217(2AA) of the Companies Act, 1956 the Board of Directors of the Company hereby confirms that;

i. in preparation of the Annual Accounts, the applicable accounting standards have been followed;

ii. the Directors had selected such Accounting Policies and applied them consistently and made judgments 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 loss of the company for that period;

iii. the Directors had 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 for preventing and detecting fraud and other irregularities;

iv. the Directors had prepared the Annual Accounts on a going concern basis.

7. CASH FLOW STATEMENT:

In conformity with the provisions of Clause 32 of the Listing Agreement, the cash flow statement for the year ended 31st March, 2012 is annexed hereto.

8. AUDITORS:

M/s. Pawar & Associates, Chartered Accountants, Pune retire as the Statutory Auditors of the company at the ensuing Annual General Meeting and being eligible offer themselves for reappointment. As required under the provisions of Section 224(1B) of the Companies Act, 1956, the company has obtained a written certificate from them to the effect that their reappointment, if made, would be in conformity with the limits specified in the said section.

9. AUDITORS REPORT:

The comments of the Directors to the Remarks made by the Auditors in the Auditors Report have been given in Annexure 1 which forms a part of this Report.

10. PUBLIC DEPOSITS:

During the period under review, the company has not accepted any Deposits falling within the meaning of Section 58A of the Companies Act, 1956 read with the Companies ( Acceptance of Deposits ) Rules, 1975. The company has not any unpaid / unclaimed deposit(s) as on March 31,2012.

11. PARTICULARS OF EMPLOYEES UNDER SECTION 217(2A) OFTHE COMPANIES ACT, 1956:

The company does not have any employee in the company drawing remuneration in excess of the prescribed limits as given under the provisions of the Companies Act, 1956. Thus no particulars are required to be given as per Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975, as amended.

12. DETAILS OF CONSERVATION OF ENERGY,TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:

The Details pertaining to the Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo have been given in Annexure 2 which forms a part of this Report.

13. CORPORATE GOVERNANCE AND REPORT THEREON:

The Company is committed to maintain the sustainable business growth through standards of Corporate Governance. The Directors adhere to the requirements set out by the Securities and Exchange Board of India's Corporate Governance practices. The Managing Director of the company has certified that the matters stated in the Financial Statement are fair and true. The Report on Corporate Governance and the Management Discussion and Analysis Report as on 31st March, 2012 as stipulated ' under Clause 49 of the Listing Agreement forms part of this Report.

The requisite Certificate has been obtained from the Statutory Auditors of the Company confirming compliance with the conditions of Corporate Governance as stipulated under the Clause 49 of Listing Agreement forms a part of this Annual Report.

14. GREEN INITIATIVE:

Asa good Corporate Governance and Environment friendly method, your company has decided to initiate the procedure for issuing Reports/ Notices and servicing of other documents to its Members, Directors, Auditors and all the persons entitled to receive the same through electronic mode. For the same purpose the company has also issued letters to all the Shareholders of the company for communicating us their email Id. The Management requests all the shareholders to provide their email Id's to the company, So that the company can look forward to the GREEN INITIATIVE. We are sure that you would appreciate the "Green Initiative" taken by MCA (Ministry of Corporate Affairs and your company's desire to participate in such initiative.

15. SUSPENSION OF TRADING ACTIVITY IN BOMBAY STOCK EXCHANGE:

As per our earlier communication to all the Shareholders of the company, Bombay Stock Exchange has suspended the trading of Shares of the company since 01.01.2008. We would like to inform you that the company has taken all necessary steps to comply with the requisite provisions of the Companies Act, 1956 as well as the Listing Agreement. The Company has been continuously replying to all the queries of the Stock Exchange and getting positive replies from them. The Company is taking continuous efforts and is attempting to revoke the suspension at the earliest and the Directors are hopeful to get the company re-listed in the near future.

The Directors whole-heartedly regret the inconvenience caused to the members and Investors of the company. But the reasons for the same are beyond the control of the management.

16. INVESTORS' RELATION AND GRIEVANCES:

Investors' relations have been cordial during the year. As a part of compliance, the Company also has Shareholders' Grievance Committee to deal with the issues relating to investors grievances and redressed. There are no pending investors' grievances as on 31st March, 2012. A confirmation to this effect has been received from the Company's Registrar and Share Transfer Agent.

17. ACKNOWLEDGMENTS:

Your Directors place on record their gratitude and appreciation for the continued support extended during the year by the company's clients, business associates, bankers and government authorities. Your Directors also place on record their appreciation of the dedication and contributions made by employees at all levels including the workmen, who through their commitment, hard work and support have steered the company.

BY ORDER OF THE BOARD

FOR ABEE INFO- CONSUMABLES LIMITED,

SD/-

BADRINARAYAN SOMANI

CHAIRMAN & MANAGING DIRECTOR

Date: 16.07.2012

Place: Pune

---

Mar 31, 2011

The Members,

ABEE INFO-CONSUMABLES LIMITED.

The Directors hereby present the Nineteenth Annual Report together with the Audited Accounts of your Company for the year ended March 31, 2011.

1. FINANCIAL RESULTS:

The summarized financial results for the year ended 31 st March, 2011 are as under:

PARTICULARS FOR THE YEAR ENDED FOR THE YEAR ENDED 31.03.2011 31.03.2010

Income 10186,230.00 57774,307.00

Less: Expenditure 16570,072.00 57871,412.00

Net Profit / (Loss) Before Tax (6383,841.00) (97,105.00)

Less: Provision for Tax 0.00 0.00

Less: Deferred Income Tax (177,416.00) (149,634.00)

Profit/(Loss) after Tax before extraordinary items (6206,425.00) 52,529.00

Less: Extraordinary items 72,184.00 12461,745.00

PLoss after extraordinary items (6278,609.00) (12409,216.00)

Add: Opening balance of General Reserves (66952,557.00) (54543,342.00)

Balance Carried over to (73231,166.00) (66952,557.00) Balance Sheet

Earnings per Share (0.63) (124)

2. ANNUAL PERFORMANCE & FUTURE PROSPECTS:

During the period under review, the company has incurred losses of Rs. 6278,609/-. The Company has relatively strived to reduce the losses this year as compared to the earlier year's losses which were Rs. 12409,216/-. The company's turnover has basically reduced due to the change in printing technology and reduction in the usage of Dot Matrix Printers and heavy competition from the unorganized sectors.

Your Directors are continuously looking for avenues for future growth and development of the Company

3. DIVIDEND:

In absence of Profits, Your Directors do not recommend any dividend for the year ended 31 st March, 2011.

4. BOARD OF DIRECTORS:

During the period under review, the following changes in the composition of the Board of Directors took place;

a. Mr. Badrinarayan Somani was re-appointed as the Managing Director of the company w.e.f 30th September, 2010 for a term of 5 years.

b. Mr. Shamsunder Bhandari and Mr. Purushottam Kabra were regularized as the Independent Directors of the company w.e.f 30th September, 2010.

c. Mrs. Priya Somani and Gen. Prabhakar Deshpande, who were liable to retire by rotation at the Annual General Meeting held on 30th September, 2010 were reappointed as the Directors of the company.

In accordance with the provisions of the Companies Act, 1956, Mr. Purushottam Kabra and Mr. Shamsunder Bhandari, Directors of the company retire by rotation at the ensuing Annual General Meeting. The Company has received consent letters from the said Directors offering themselves for reappointment as the Directors of the company.

5. COMMITTEES OFTHE BOARD OF DIRECTORS:

In pursuance to complying with the Listing Agreement, your Company has various Committees. The Details of the Committee are as follows;

Name Of The Committee Current Constitution Of The Committee

Audit Committee 1 Mr. Purushottam Kabra Independent Director 2 Mrs. Radhika Independent Director Joglekar

3 Gen. Prabhakar Executive Director Deshpande

Shareholders 1 Mr- Purushottam Independent Director Grievance Kabra Committee 2 Mrs.Radhika Joglekar Executive Director

3 Mrs. Priya B. Somani Whole Time Director

Remuneration 1 Mr. Shamsunder Independent Director Committee Bhandari

2 Gen. Prabhakar Independent Director Deshpande

3 Mr. Purushottam Kabra Independent Director

4 Mr. Badrinarayan Chairman & Managing B. Somani Director

6. DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to Section 217(2AA) of the Companies Act, 1956 the Board of Directors of the Company hereby confirms that;

i in preparation of the Annual Accounts, the applicable accounting standards have been followed;

ii. the Directors had selected such Accounting Policies and applied them consistently and made judgments 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 loss of the company for that period;

iii. the Directors had 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 for preventing and detecting fraud and other irregularities;

iv. the Directors had prepared the Annual Accounts on a going concern basis.

7. CASH FLOW STATEMENT:

In conformity with the provisions of Clause 32 of the Listing Agreement, the cash flow statement for the year ended 31st March, 2011 is annexed hereto.

8. AUDITORS:

M/s. Pawar & Associates, Chartered Accountants, Pune retire as the Statutory Auditors of the company at the ensuing Annual General Meeting and being eligible offer themselves for reappointment. As required under the provisions of Section 224(1 B) of the Companies Act, 1956, the company has obtained a written certificate from them to the effect that their reappointment, if made, would be in conformity with the limits specified in the said section.

9. AUDITORS REPORT:

The comments of the Directors to the Remarks made by the Auditors in the Auditors Report have been given in Annexure 1 which forms a part of this Report.

10. PUBLIC DEPOSITS:

During the period under review, the company has not accepted any Deposits falling within the meaning of Section 58A of the Companies Act, 1956 read with the Companies (Acceptance of Deposits) Rules, 1975. The company had no unpaid / unclaimed deposit(s) as on March 31,2011.

11. PARTICULARS OF EMPLOYEES UNDER SECTION 217(2A) OF THE COMPANIES ACT, 1956:

The company does not have any employee in the company drawing remuneration in excess of the prescribed limits as given under the provisions of the Companies Act, 1956. Thus no particulars are required to be given as per Section 217 (2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975, as amended.

12. DETAILS OF CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:

The Details pertaining to the Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo have been given in Annexure 2 which forms a part of this Report.

13. CORPORATE GOVERNANCE AND REPORT THEREON:

The Company is committed to maintain the sustainable business growth through standards of Corporate Governance. The Directors adhere to the requirements set out by the Securities and Exchange Board of India's Corporate Governance practices. The Managing Director of the company has certified that the matters stated in the Financial Statement are fair and true. The Report on Corporate Governance and the Management Discussion and Analysis Report as on 31 st March, 2011 as stipulated under Clause 49 of the Listing Agreement forms part of this Report.

The requisite Certificate has been obtained from the Statutory Auditors of the Company confirming compliance with the conditions of Corporate Governance as stipulated under the Clause 49 of Listing Agreement forms a part of this Annual Report.

14. GREEN INITIATIVE:

As a good Corporate Governance and Environment friendly method, your company has decided to initiate the procedure for issuing Reports/ Notices and servicing of other documents to its Members, Directors, Auditors and all the persons entitled to receive the same through electronic mode. For the same purpose the company has also issued letters to all the Shareholders of the company for communicating us their email Id. The Management requests all the shareholders to provide their email Id's to the company. So that the company can look forward to the GREEN INITIATIVE. We are sure that you would appreciate the "Green Initiative" taken by MCA (Ministry of Corporate Affairs and your company's desire to participate in such initiative.

15. SUSPENSION OF TRADING ACTIVITY IN BOMBAY STOCK EXCHANGE:

As per our earlier communication to all the Shareholders of the company, Bombay Stock Exchange has suspended the trading of Shares of the company since 01.01.2008. After the said suspension, the company has taken all necessary steps to comply with the requisite provisions of the Companies Act, 1956 as well as the Listing Agreement. The Company has been continuously replying to all the queries of the Stock Exchange. Despite of such continuous follow ups, mails and reminders; no reply relating to the revocation of such suspension has been received from the Stock Exchange. The Company is taking continuous efforts and is attempting to revoke the suspension at the earliest and the Directors are hopeful to get the company re-listed in the near future.

The Directors whole-heartedly regret the inconvenience caused to the members and Investors of the company. But the reasons for the same are beyond the control of the management.

16. INVESTORS' RELATION AND GRIEVANCES:

Investors' relations have been cordial during the year. As a part of compliance, the Company also has Shareholders' Grievance Committee to deal with the issues relating to investors grievances and redressals. There are no pending investors' grievances as on 31 st March, 2011. A confirmation to this effect has been received from the Company's Registrar and Share Transfer Agent.

17. ACKNOWLEDGMENTS:

Your Directors place on record their gratitude and appreciation for the continued support extended during the year by the company's clients, business associates, bankers and government authorities. Your Directors also place on record their appreciation of the dedication and contributions made by employees at all levels including the workmen, who through their commitment, hard work and support have steered the company.

BY ORDER OF THE BOARD FOR ABEE INFO-CONSUMABLES LIMITED,



SD/- Date: 05.09.2011 BADRINARAYAN SOMANI Place: Pune CHAIRMAN & MANAGING DIRECTOR

---

Mar 31, 2010

The Board of Directors are presenting the Eighteenth Annual Report together with the Audited Statement of Accounts for the year ended 31.03.2010.

1) PERFORMANCE

Due to change in printing technology and the increase in demand of Laser/ Inkjet printers and the heavy competition from unorganized sector coupled with escalating input costs and drastic reduction in demand for Dot Matrix printers, the margins of the company have been squeezed which resulted in decrease in turnover of the Company. During the year under review, the Company recorded sales turnover of Rs. 559.62 lakhs as against Rs. 133.39 lakhs during the last year. Coupled with the said reasons, the Company incurred a net loss before taxes amounting to Rs.0.97 lakhs as against Rs.21.18 lakhs in the last year. The provision of depreciation amounted to Rs.14.43 lakhs as against Rs. 14.45 lakhs in the last year.

2) DIVIDEND:

In absence of profits, your directors do not recommend the dividend during the year under review.

3) PUBLIC DEPOSITS:

Your company has not accepted any deposits in the current year from public within the meaning of Section 58A of the Companies Act, 1956 read with the Companies (Acceptance of Deposits) Rules, 1975 and as such, the information relating to unclaimed/ unpaid deposits is not applicable.

4) PARTICULARS OF EMPLOYEES U/S 217(2A) OF THE COMPANIES ACT.

As none of the employees is drawing remuneration in excess of the prescribed limits during the year under review, the particulars required to be given as per Section 217 (2- A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 are not applicable and hence, not given.

5) DETAILS OF CONSERVATION OF ENERGY, FOREIGN EXCHANGE EARNINGS & OUTGO AND RESEARCH & DEVELOPMENT U/S 217(1 )(e) OF THE COMPANIES ACT.

The prescribed information in respect of Foreign Exchange and Outgo, Conservation of Energy and Research and Development is given by way of Annexure No. I, which forms part of this report.

6) DIRECTORS

Mr.Purushottam Kabra and Mr. Shamsunder Bhandari were co-opted as Additional Directors at the meeting of the Board of Directors held on 15thMarch 2010 to hold office up to the ensuing Annual General Meeting in terms of provisions of Section 260 of the Companies Act, 1956. The company has received notice in terms of provisions of Section 257 of the Companies Act, 1956 proposing the candidature of Mr.Purushottam Kabra and Mr.Shamsunder Bhandari as Directors of the Company.

In terms of provisions of Section 255 and 256 of the Companies Act, 1956 Mrs. Priya Somani and Maj. Gen. Prabhakar Deshpande, Directors retire by rotation and being eligible, offers themselves for re-appointment.

7) AUDITORS

M/s Shah Khandelwal Jain & Associates, Statutory Auditors resigned from office on 18th May 2010 and M/s Pawar & Associates, Chartered Accountants, Pune appointed to fill casual vacancy at the extra - ordinary general meeting held on 25th June 2010 to hold office up to the ensuing Annual General Meeting and being eligible offers themselves for re-appointment.

8) DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to the requirements under the Section 217(2AA) of the Companies Act 1956 with respect to Directors Responsibility Statement, it is hereby confirmed

(i) that in the preparation of the Annual Accounts, the applicable Accounting Standards have been followed.

(ii) that the directors have selected such Accounting Policies and applied them consistently and made judgments 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 loss of the Company for that period;

(iii) that the directors 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 frauds and other irregularities;

(iv) that the directors have prepared the Annual Accounts on a going concern basis.

9) CORPORATE GOVERNANCE

Company is committed to support sustainable business growth through better corporate governance practices and fair and transparent disclosures and practices. During the year under review the company has constituted Audit Committee, Remuneration Committee and Shareholders Grievance Committee comprising of appropriate mix of Executive and Independent Directors in compliance with provisions of Clause 49 of the Listing Agreement. A separate report on Corporate Governance compliances is included as part of the Annual Report.

The Certificate from the Statutory Auditors of the Company regarding compliance of the conditions of Corporate Governance as stipulated in Clause 49 of the Listing Agreement with stock exchanges is annexed to this report.

The Managing Director and Executive Director, Finance have certified to the Board regarding matters to be stated in Financial Statements are true and fair.The Company has also framed code of conduct for all its Board members and senior management of the company.

10) SUSPENSION OF TRADING ACTIVITY IN BOMBAY STOCK EXCHANGE:

As informed earlier, Bombay Stock Exchange has suspended the company scrip since 01/01/2008. Despite of several reminders and follow ups by letters, mails, yet no positive response is received from Bombay Stock Exchange. Since scrip is suspended, your directors are initiating all effective steps for commencement of trading of the scrip and have made final application to BSE. Directors are hopeful about withdrawal of suspension from BSE in near future and regret inconvenience caused to the members and investors for the reasons beyond control of the management.

11) ACKNOWLEDGMENT:

Your directors would like to place on record their sincere appreciation for the co-operation extended by the Banks, Creditors, suppliers and all employees in all cadres throughout the year under review.

On behalf of the Board,

FOR ABEE INFO - CONSUMABLES LIMITED

Sd/-

B.B.SOMANI

(CHAIRMAN & MANAGING DIRECTOR)

Place: Pune

Date : 07.09.2010

---

Mar 31, 2009

The directors are presenting the Seventeenth Annual Report together with the Audited Statement of Accounts for the year ended 31.03.2009.

1) PERFORMANCE

Due to change in printing technology and the increase in demand of Laser/ Inkjet printers and the heavy competition from unorganized sector coupled with escalating input costs and drastic reduction in demand for Dot Matrix printers, the margins of the company have been squeezed which resulted in decrease in turnover of the Company. During the year under review, the Company recorded sales turnover of Rs. 133.39 lacs as against Rs. 136.81 lacs during the last year. Coupled with the said reasons, the Company incurred a net loss before taxes amounting to Rs.21.18 lacs as against Rs.24.18 in the last year. The provision of depreciation amounted to Rs. 14.45 Lacs as against Rs. 14.25 lacs in the last year.

2) DIVIDEND

In absence of profits, your directors do not recommend the dividend during the year under review.

3) PUBLIC DEPOSITS:

Your company has not accepted any deposits from public within the meaning of Section 58A of the Companies Act, 1956 read with the Companies (Acceptance of Deposits) Rules, 1975 and as such, the information relating to unclaimed/ unpaid deposits is not applicable.

4) PARTICULARS OF EMPLOYEES U/S 217(2A) OF THE COMPANIES ACT.

As none of the employees is drawing remuneration in excess of the prescribed limits during the year under review, the particulars required to be given as per Section 217 (2- A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 are not applicable and hence, not given.

5) DETAILS OF CONSERVATION OF ENERGY, FOREIGN EXCHANGE EARNINGS & OUTGO AND RESEARCH & DEVELOPMENT U/S 217(1 )(e) OF THE COMPANIES ACT.

The prescribed information in respect of Foreign Exchange and Outgo, Conservation of Energy and Research and Development is given by way of Annexure No. I, which forms part of this report.

6) DIRECTORS

Mrs. Radhika Joglekar, Director, retires by rotation and being eligible, offers herself for re- appointment.

7) AUDITORS

M/s S. L. Bagadi & Co. Chartered Accountants, Pune retire at the ensuing Annual General Meeting and do not wish to be reappointed the ensuing year. The directors place on record appreciation forthe support provided by him.

8) DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to the requirements under the Section 217(2AA) of the Companies Act 1956 with respect to Directors Responsibility Statement, it is hereby confirmed

(i) that in the preparation of the Annual Accounts, the applicable Accounting Standards have been followed.

(ii) that the directors have selected such Accounting Policies and applied them consistently and made judgments 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 loss of the Company for that period;

(iii) that the directors 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 frauds and other irregularities;

iv) that the directors have prepared the Annual Accounts on a going concern basis.

9) SUSPENSION OF TRADING ACTIVITY IN BOMBAY STOCK EXCHANGE

As informed earlier, Bombay Stock Exchange has suspended the company scrip since 01/01/2008. Despite of several reminders and follow ups by letters, emails, yet no positive response is received from Bombay Stock Exchange. Since scrip is suspended, your directors are initiating all effective steps for commencement of trading of the scrip and are hopeful about withdrawal of suspension from BSE in near future and regret inconvenience caused to the members and investors for the reasons beyond control of the management.

10) ACKNOWLEDGMENT

Your directors would like to place on record their sincere appreciation for the co-operation extended by the Banks, Creditors, suppliers and all employees in all cadres throughout the year under review.

ANNEXURE N0.1 TO DIRECTORS REPORT

A. POWER & FUEL CONSUMPTION CURRENT YEAR PREVIOUS YEAR (RS.) (RS.)

1. Electricity

A. * Purchase Units 1571 2930

Total Amount (Rs) 7867.00 12,776.00

Avarage Rate/unit (Rs.) 5.00 (per unit) 4.36 (per unit)

* Pune Factory Units

* Parwanoo Factory Units

B. Own Generation

(I) Through Diesel Generator Unit NIL NIL

Unit per liter of Diesel Oil NIL NIL

Cost Unit NIL NIL

(ii) Through steam Turbine Generator

Unit NIL NIL

Cost per Unit NIL NIL

Cost /Unit NIL NIL

2. Coal

Quantity (Tonnes) NIL NIL Total Cost NIL NIL

Average Rate NIL NIL

3. Furnace Oil

Quantity (K.Ltrs) NIL NIL

Total Cost NIL NIL

Average Rate NIL NIL

4. Other / Internal Generation

Quantity NIL NIL

Total Cost NIL NIL

Average Rate NIL NIL

B. CONSUMPTION PER UNIT OF PRODUCTION

(Standard if any)

Product with Detail NIL NIL

Unit NIL NIL

Electricity NIL NIL Furnace Oil NIL NIL

Coal NIL NIL

Other NIL NIL



CURRENT YEAR PREVIOUS YEAR

C TECHNOLOGY ABSORPTION

Research & Development (R&D)

1. Specific Areas in which R& D is carried out by the company. N.A. N.A,

2. Benefits derivedas result of the above R&D N.A. N.A.

3. Future Plan & Action N.A. N.A.

4. Expenditure on R & D N.A. N.A.

Technology Absorption, Adaptation and Innovation

1. Efforts in brief, made towards technology absorption and innovation. N.A. N.A.

2. Benefits derived as a result of the above effort e.g. product improvement, cost reduction on product development, import substitution etc. N.A. N.A.

3. In case of imported technology (imported during the last 5 years reckoned from time to the beginning of the financial year), following information may be furnished :

A) Technology imported N.A. N.A.

B) Year of Import N.A. N.A.

C) If not fully absorbed, areas where this had taken place, reason therefore and future plans of actions. N.A. N.A.

FOREIGN EXCHANGE EARNINGS AND OUTGO

(A) Total Foreign Exchange Used and Earned

(A) Earned NIL NIL

(B) Used NIL NIL

On behalf of the Board FOR ABEE INFO-CONSUMABLES LIMITED

s/d

Place: Pune B.B.SOMANI Date: 31.08.2009 (CHAIRMAN & MANAGING DIRECTOR)