Indo Germa Products Ltd. के निदेशक की रिपोर्ट

Mar 31, 2010

The Directors have pleasure in presenting the Annual Report of the Company together with the accounts for the Year ended 31st March 2010.

1. FINANCIAL HIGHLIGHTS: 2010 2009

Profit & Loss before depreciation and interest 33.102 31.231

Interest - -

Depreciation 11.286 8.239

Provision for Taxatio - -

Profit / Loss After Tax - -

Profit / Loss brought forward from previous year 173.620 19.512

Prior Year Adjustment NIL NIL

Profit / Loss carried to Balance Sheet 151.804 (173.620)



2. DIRECTORS :

The Company Director Mr. Basant Merathia retires by rotation and being eligible offers himself for reappointment.

3. AUDITORS:

The Company Auditors M/s. Karpagam & Co., Chartered Accountants are retiring at the conclu- sion of the annual General Meeting and are eligible reappointment.

4. PARTICULARS OF EMPLOYEES :

During the period undef.review there was no employee who come under the purview of Section 217 (2A) of the Companies Act 1956.

5. FIXED DEPOSITS:

The Company, has not accepted any fixed deposits during the year under review.

6. DIRECTORS RESPONSIBILITY STATEMENT : Directors hereby declare that

(i) That in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

(ii) That the Directors had 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 / loss of the company for the period ;

(iii) That the Directors has 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) That the Directors had prepared the annual accounts on a going concern basis.

7. FOREIGN EXCHANGE EARNINGS AND OUTGO : USS IRS

Foreign Exchange Earnings - -

Foreign Exchange Outgo - -

8. TECHNOLOGY ADOPTIONS:

Nil

9. CONSERVATION OF ENERGY:

Concrete steps have been taken for conservation of Energy, both at Factory as well as at Administrative office.

10. CORPORATE GOVERNANCE :

As per the listing agreement with the Stock Exchange the Directors are pleased to Annexe the following reports.

1. Management discussion and Analysis report. (Annexure - A)

2. A report on Corporate Governance (Annexure - B)

3. Auditers Certificate regarding compliance with the conditions of corporate governance(Annexure - B)

4. Certification by CEO issued pursuant to revised clause 49 of the listing agreement.

11. FINANCE:

Directors wish to place on record their sincere appreciation and gratitude for the assistance provided by the bankers to the company.

12. ACKNOWLEDGEMENTS:

Your Directors would like to place on record the sincerity and loyalty shown by the executives and staff of the Company and their total commitment while discharge of their duties.

By order of the Board,

sd/-

Place: Chennai SUBHASH AGARWAL

Date : 09.08.2010 (Chairman Cum Managing Director)