Mahashree Trading Ltd. के निदेशक की रिपोर्ट

Mar 31, 2014

Dear Members,

The Board of Directors of your company have great pleasure in presenting the Annual Report of the Company together with the Audited Balance Sheet of the company as on 31st March, 2014 and Profit & Loss Account for the year ended on that date and the Auditors Report thereon.

FINANCIAL RESULTS:

The financial results of the Company for the period are given under:

2013-14 2012-13 (Rs) (Rs)

Income 4633120.50 4445788.00

Profit before tax 3974550.80 1425863.20

Less Provision for Income Tax 105000.00 166000.00

Profit After Tax 3813305.80 1259863.20

Add:- Balance brought forward from previous 13764288.99 12504425.79 year

Balance carried to the Balance Sheet 17577594.79 13764288.99

DIVIDEND:

Your Directors have decided not to recommend any dividend for the current year.

RESPONSIBILITY STATEMENT:

The Directors Confirm:

a) That in the preparation of the annual accounts, the applicable accounting standards have been followed and that no material departures have been made from the same;

b) That they have selected such accounting policies and applied them consistency and made judgments and estimates that are reasonable and prudent so as to give a true and fair views of the state of affairs of the company at the end of the financial year and of the profit of the Company for that period;

c) That to the best of their knowledge and information, they 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 fraud and other irregularities; and

d) That they have prepared the annual account on a going concern basis.

e) The financial performance of the Company during the year under review has been satisfactory.

DEPOSITS:

Your Company has not accepted any deposit nor did it have any overdue deposits.

DIRECTORS:

Shri Lalchand Karwa retires at the ensuing Annual General Meeting and being eligible offer himself for re-appointment.

PARTICULARS OF EMPLOYEE:

Particulars as required under section 217 (2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 are not applicable, as the Company has not employed any person covered by the said section.

The information in respect of energy conservation & technology absorption and foreign exchange earning is NIL.

AUDITORS:

M/s. Joshi Joshi & Co., Chartered Accountants, Mumbai the auditors of the Company, retire at the conclusion of the Annual General Meeting and are eligible for re-appointment. Your Directors recommend their re-appointment.



For and on behalf of the Board

Director

Place: Mumbai

Date : 26/05/2014

---

Mar 31, 2011

The Shareholders,

The Board of Directors of your company have great pleasure inpresenting the Annual Report of the Company together with the Audited Balance Sheet of the company as at 31st March,2011 and Profit & Loss Account for the year ended on that date and the Auditors Report thereon.

FINANCIAL RESULTS:

The financial results of the Company for the period are given under:

2010-11 2009-2010

Income 12963664.50 6956330.00

Profit before tax 1151083.96 2103644.50

Less :- Provision for IncomeTax 0.00 215000.00

Add:- Excess Provision for Income Tax earlier year 0.00 23047.00

Less :- Short Provision for Income tax earlier year 0.00 1253.00

Add:- Profit brought forward from previous year 9048084.83 7137646.33

Balance carried to the Balance Sheet 10199168.79 9048084.83



DIVIDEND:

Your Directors have decided not to recommend any dividend for the current year.

RESPONSIBILITY STATEMENT:

The Directors Confirm:

a) That in the preparation of the annual accounts, the applicable accounting standards have been followed and that no material departures have been made from the same;

b) That they have selected such accounting policies and applied them consistency and made judgments and estimates that are reasonable and prudent so as to give a true and fair views of the state of affairs of the company at the end of the financial year and of the profit of the Company for that period;

c) That to the best of their knowledge and information, they 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 fraud and other irregularities; and

d) That they have prepared the annual account on a going concern basis.

DEPOSITS:

Your Company has not accepted any deposit nor did it have any overdue deposits.

DIRECTORS:

Shri Ghanshyam Bagaria who retires at this Annual General Meeting and being eligible offer himself for re-appointment.

PARTICULARS OF EMPLOYEE:

Particulars as required under section 217 (2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 are not applicable, as the Company has not employed any person covered by the said section.

The information in respect of energy conservation & technology absorption and foreign exchange earning is NIL.

AUDITORS:

M/s. Joshi Joshi & Co., Chartered Accountants, Mumbai the auditors of the Company, retire at the conclusion of the Annual General Meeting and are eligible for re-appointment. Your Directors recommend their re-appointment.

For and on behalf of the Board

Director Place: Mumbai Date: 31/05/2011