Electric Control Gear India Ltd. के निदेशक की रिपोर्ट

Sep 30, 2010

The Directors have pleasure in presenting the 32nd Annual report along with the Audited Accounts of the Company for the year ended on 30th September, 2010

1) FINANCIAL RESULT

CURRENT YEAR PREVIOUS YEAR RS. RS.in lacs (30/09/2010) (30/09/2009)

Profit/(Loss) before tax (12.45) (7.35)

Less:

Net Profit / Loss before tax (7.35) (7.35)

Add : Balance from previous year (905.74) (898.39)

Balance carried to balance sheet (918.19) (905.74)

2) DIVIDEND

The directors regret their inability to propose any dividend in view of the Losses incurred by the Company.

3) FIXED DEPOSITS

The Company has not accepted any deposit to which the provisions of sec.58-A of the Companies Act, 1956 are applicable.

4) LISTING AGREEMENT COMPLIANCE

The Company's securities have been listed at Bombay Stock Exchange, Hyderabad Stock Exchange, Madras Stock Exchange, Delhi Stock Exchange and National Stock Exchange In view of the liquidity crisis, Company could not make payment of listing fees to the Stock Exchanges. Company is yet to adopt Compliance of Corporate Governance and submission of Report on Corporate Governance.

5) INFORMATION AS PER SECTION 217(1e) THE COMPANIES ACT,1956:

The Company has no business activities during the year under review, hence there is no information is required to be given relating to conservation of energy or technology absorption. There was neither inflow nor outflow of foreign exchange during the period under such review.

6) PARTICULARS REGARDING EMPLOYEES

There is no employee who is in receipt of remuneration exceeding the limit specified under section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules 1975, as amended.

7) BOARD OF DIRECTORS

In accordance with provisions of section 276 of the companies Act, 1956. Shri Rajesh Shah retires by rotation and being eligible offers himself for re-appointment.

8) DEMAT STATUS

The Company's shares were admitted to compulsory demat. The demat activation number allotted to the Company is ISIN INE 458 C 01018. Presently shares are held in electronic and physical mode (36.46% of share in demat mode).

9) AUDITORS

The auditors of the Company M/S Surendra Jindal & Associates, Chartered Accountants retiring at the conclusion of this Annual General Meeting, has shown their ability for re-appointment. The appointment of the auditor is recommended by the members.

10) DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to section 217(2AA) of the- Companies Act, 1956 with respect to Directors responsibilities statement, it is here by confirmed:

(a) That in the preparation of the annual accounts for the financial year ended 30th September 2010, the applicable accounting standards have been followed along with proper explanation relating to material departures

(b)That the directors had selected such accounting policies and applied them consistently and ' made adjustments and estimates that were 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 year under reivew.

(c) Proper and sufficient care for the maintenance of adequqate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

(d) that the directors had prepared the accounts for the financial year ended 30th September 2010, on a "going concern" basis



Place :Ahmedabad For and on behalf of the Board

Date :02/11/2010 (Chairman)

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Sep 30, 2008

The Directors have pleasure in presenting the 30th Annual report along with the Audited Accounts of the Company for the year ended on 30th September, 2008.

1) FINANCIAL RESULT

CURRENT YEAR PREVIOUS YEAR Rs. Rs.in lacs (30/09/2008) (30/09/2007)

Profit/(Loss) before tax (0.29) (0.28)

Less:

Net Profit / Loss before tax (0.29) (0.28)

Dep written back 1.32 -

Add : Balance from previous year (899.44) (899.16)

Balance carried to balance sheet (898.39) (899.44)

2) DIVIDEND

The directors regret their inability to propose any dividend in view of the Losses incurred by the Company.

3) FIXED DEPOSITS

The Company has not accepted any deposit to which the provisions of sec.58-A of the Companies Act, 1956 are applicable.

4) LISTING AGREEMENT COMPLIANCE

The Company's securities have been listed at Bombay Stock Exchange, Hyderabad Stock Exchange, Madras Stock Exchange, Delhi Stock Exchange and National Stock Exchange. In view of the liquidity crisis, Company could not make payment of listing fees to the Stock Exchanges. Company is yet to adopt Compliance of Corporate Governance and submission of Report on Corporate Governance.

5) INFORMATION AS PER SECTION 217(1e) THE COMPANIES ACT,1956:

The Company has no business activities during the year under review, hence there is no information is required to be given relating to conservation of energy or technology absorption. There was neither inflow nor outflow of foreign exchange during the period under such review.

6) PARTICULARS REGARDING EMPLOYEES

There is no employee who is in receipt of remuneration exceeding the limit specified under section 217(2A) of the Companies Act,1956 read with the Companies (Particulars of Employees) Rules 1975, as amended.

7) BOARD OF DIRECTORS

In accordance with provisions of section 276 of the companies Act, 1956. Shri Vern Garg retires by rotation and being eligible offers himself for re-appointment.

8) DEMAT STATUS

The Company's shares were admitted to compulsory demat. The demat activation number allotted to the Company is ISIN INE 458 C 01018. Presently shares are held in electronic and physical mode (36.46% of share in demat mode).

9) AUDITORS

The auditors of the Company M/S Surrender Jindal & Associates, Chartered Accountants retiring at the conclusion of this Annual General Meeting, has shown their ability for re-appointment. The appointment of the auditor is recommended by the members.

10) DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to section 217(2AA) of the Companies Act,1956 with respect to Directors responsibilities statement, it is here by confirmed:

(a) That in the preparation of the annual accounts for the financial year ended 30th September 2008, the applicable accounting standards have been followed along with proper explanation relating to material departures.

(b)That the directors had selected such accounting policies and applied them consistently and made adjustments and estimates that were 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 year under reivew.

(c) 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 fraud and other irregularities.

(d) that the directors had prepared the accounts for the financial year ended 30th September 2008, on a "going concern" basis.

Place . Ahmedabad For and on behalf of the Board Date :03/11/2008 (Chairman)

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Sep 30, 2007

The Directors have pleasure in presenting the 29th Annual report along with the Audited Accounts of the Company for the year ended on 30th September, 2007.

1) FINANCIAL RESULT

CURRENT YEAR PREVIOUS YEAR Rs. Rs.in lacs (30/09/2007) (30/09/2006)

Profit/(Loss) before tax (0.28) (0.12)

Less:

Net Profit / Loss before tax (0.28) (0.12)

Add : Balance from previous year (899.16) (899.04)

Balance carried to balance sheet (899.44) (899.16)

2) DIVIDEND

The directors regret their inability to propose any dividend in view of the Losses incurred by the Company.

3) FIXED DEPOSITS

The Company has not accepted any deposit to which the provisions of sec.58-A of the Companies Act,1956 are applicable.

4) LISTING AGREEMENT COMPLIANCE

The Company's securities have been listed at Bombay Stock Exchange, Hyderabad Stock Exchange, Madras Stock Exchange, Delhi Stock Exchange and National Stock Exchange. In view of the liquidity crisis, Company could not make payment of listing fees to the Stock Exchanges. Company is yet to adopt Compliance of Corporate Governance and submission of Report on Corporate Governance.

5) INFORMATION AS PER SECTION 217(1 e) THE COMPANIES ACT,1956:

The Company has no business activities during the year under review, hence there is no information is required to be given relating to conservation of energy or technology absorption. There was neither inflow nor outflow of foreign exchange during the period under such review.

6) PARTICULARS REGARDING EMPLOYEES

There is no employee who is in receipt of remuneration exceeding the limit specified under section 217(2A) of the Companies Act,1956 read with the Companies (Particulars of Employees) Rules 1975, as amended.

7) BOARD OF DIRECTORS

In accordance with provisions of section 276 of the companies Act, 1956. Shri Rajesh Shah retires by rotation and being eligible offers himself for re-appointment.

8) DEMAT STATUS

The Company's shares were admitted to compulsory demit. The demit activation number allotted to the Company is ISIN INE 456 C 01018. Presently shares are held in electronic and physical mode (36.46% of share in demit mode).

9) AUDITORS

The auditors of the Company M/S Surrender Tindal & Associates, Chartered Accountants retiring at the conclusion of this Annual General Meeting, has shown their ability for re-appointment. The appointment of the auditor is recommended by the members.

10) DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to section 217(2AA) of the Companies Act,1956 with respect to Directors responsibilities statement, it is here by confirmed:

(a) That in the preparation of the annual accounts for the financial year ended 30th September 2007, the applicable accounting standards have been followed along with proper explanation relating to material departures.

(b)That the directors had selected such accounting policies and applied them consistently and made adjustments and estimates that were 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 year under review.

(c) 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 fraud and other irregularities.

(d) that the directors had prepared the accounts for the financial year ended 30th September 2007, on a "going concern" basis.

Place .Ahmedabad For and on behalf of the Board

Date .01/11/2007 (Chairman)