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Suryodaya Allo-Metal Powders Ltd. ನಿರ್ದೇಶಕರ ವರದಿ
Mar 31, 2011
The Directors have pleasure in presenting the 18th Annual Report and
audited statement of accounts of the Company for the Year ended 31st
March, 2011.
FINANCIAL RESULTS:
Rs. Lacs Particulars For The Year Ended For The Year Ended 31.3.2011 31.03.2010
Sales & Other Income 9783.72 2.42 Profit /(Loss) before Depreciation 15.14 0.55
Depreciation NIL NIL
Profit/(Loss) before Taxes 15.14 0.10 Provision for Taxation 5.20 NIL
Profit /(Loss) after Taxes 9.94 0.10
Balance 533.67 NIL
Balance brought forward from previous 543.61 NIL year Profit Available for Appropriations
Proposed Appropriations:
I} Special Reserve Fund NIL NIL
Ii} Balance Carried to Balance Sheet NIL NIL
OPERATIONS
The company during the year had carried out certain trading operation and rendered services for its earnings. The funds of the company have been deployed to earn reasonable return with minimum risk. The company operational results are attached to the accounts.
FUTURE OUTLOOK
The company is making efforts to commerce new activities during the year. The company decide to operate the activity of trading and rendering of services in the current Year.
DIVIDEND
With a view to conserve the resources of the Company the Board of Directors have not recommended any dividend for the year ended 31st March 2011.
DEPOSITS
Your company has not accepted any deposit from the public during the year under report.
DIRECTORS
Mrs. Pushpa Sonawani and Mr. Sanjay Sonawani Directors of the Company retire by rotation and being eligible offer themselves for re-appointment.
AUDITORS
Messrs. K. Sampat & Co., Chartered Accountants, the retiring Auditors have not sought reappointment. It has been proposed to appoint Messrs. AMD & Company, Chartered Accountants as Auditors of the Company. The Company has received a Certificate from them that they are qualified under Section 224 (1) of the Companies Act, 1956 for appointment as Auditors of the Company. Members are requested to consider their appointment at a remuneration to be decided by the Board of Directors for the financial year ending March 31, 2011 as set out in the Notice convening the Meeting.
AUDITORS REMARKS
The remarks of the auditors are self explanatory in nature and need no further clarification.
STATUTORY INFORMATION
The company having appointed one employee in the current Year, particulars of employees as required under Section 217(2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees)) Rules, 1975.
CORPORATE GOVERNANCE
The company thought not yet mandatory require to comply with provisions laid down in the Listing Agreement on corporate governance, has adhered to strict levels of corporate governance and management.
DIRECTOR'S RESPONSIBILITY STATEMENT
Pursuant to Section 217(2AA) of the Companies Act, 1956 the Directors confirm that:
1] In the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanations relating to material departures.
2] Appropriate accounting policies have been selected and applied consistently and judgments and estimates wherever made are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at the 31st March 2011.
3] Proper and sufficient care has been taken 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.
4] The Annual Accounts have been prepared on a going concern basis.
ACKNOWLEDGEMENT
Yours Directors wish to thank the company 's bankers and all other associates, for theirs co- operation and support during the year.
For and on behalf of Board of Directors
For Suryodaya Allo-Metal Powders Limited
Sd/-
Chairman.
Place:- Pune
Date:- 25.08.2011
FINANCIAL RESULTS:
Rs. Lacs Particulars For The Year Ended For The Year Ended 31.3.2011 31.03.2010
Sales & Other Income 9783.72 2.42 Profit /(Loss) before Depreciation 15.14 0.55
Depreciation NIL NIL
Profit/(Loss) before Taxes 15.14 0.10 Provision for Taxation 5.20 NIL
Profit /(Loss) after Taxes 9.94 0.10
Balance 533.67 NIL
Balance brought forward from previous 543.61 NIL year Profit Available for Appropriations
Proposed Appropriations:
I} Special Reserve Fund NIL NIL
Ii} Balance Carried to Balance Sheet NIL NIL
OPERATIONS
The company during the year had carried out certain trading operation and rendered services for its earnings. The funds of the company have been deployed to earn reasonable return with minimum risk. The company operational results are attached to the accounts.
FUTURE OUTLOOK
The company is making efforts to commerce new activities during the year. The company decide to operate the activity of trading and rendering of services in the current Year.
DIVIDEND
With a view to conserve the resources of the Company the Board of Directors have not recommended any dividend for the year ended 31st March 2011.
DEPOSITS
Your company has not accepted any deposit from the public during the year under report.
DIRECTORS
Mrs. Pushpa Sonawani and Mr. Sanjay Sonawani Directors of the Company retire by rotation and being eligible offer themselves for re-appointment.
AUDITORS
Messrs. K. Sampat & Co., Chartered Accountants, the retiring Auditors have not sought reappointment. It has been proposed to appoint Messrs. AMD & Company, Chartered Accountants as Auditors of the Company. The Company has received a Certificate from them that they are qualified under Section 224 (1) of the Companies Act, 1956 for appointment as Auditors of the Company. Members are requested to consider their appointment at a remuneration to be decided by the Board of Directors for the financial year ending March 31, 2011 as set out in the Notice convening the Meeting.
AUDITORS REMARKS
The remarks of the auditors are self explanatory in nature and need no further clarification.
STATUTORY INFORMATION
The company having appointed one employee in the current Year, particulars of employees as required under Section 217(2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees)) Rules, 1975.
CORPORATE GOVERNANCE
The company thought not yet mandatory require to comply with provisions laid down in the Listing Agreement on corporate governance, has adhered to strict levels of corporate governance and management.
DIRECTOR'S RESPONSIBILITY STATEMENT
Pursuant to Section 217(2AA) of the Companies Act, 1956 the Directors confirm that:
1] In the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanations relating to material departures.
2] Appropriate accounting policies have been selected and applied consistently and judgments and estimates wherever made are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at the 31st March 2011.
3] Proper and sufficient care has been taken 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.
4] The Annual Accounts have been prepared on a going concern basis.
ACKNOWLEDGEMENT
Yours Directors wish to thank the company 's bankers and all other associates, for theirs co- operation and support during the year.
For and on behalf of Board of Directors
For Suryodaya Allo-Metal Powders Limited
Sd/-
Chairman.
Place:- Pune
Date:- 25.08.2011
Mar 31, 2010
The Directors have pleasure in presenting the 19th Annual Report and
audited statement of accounts of the Company for the Year ended 31s1
March, 2010.
FINANCIAL RESULTS:
Rs. Thousand
Particulars For The Year Ended For The Year Ended
31.3.2010 31.03.2009
Sales & Other Income 242600.00 NIL
Profit /(Loss) before Depreciation 55458.00 NIL
Depreciation NIL (2161.00)
Profit/(Loss) before Taxes 10658.00 (309098.00)
Provision for Taxation NIL NIL
Profit/(Loss) after Taxes 10658.00 (309098.00)
Balance NIL NIL
Balance brought forward from previous NIL NIL year
Profit Available for Appropriations
Proposed Appropriations:
l}Special Reserve Fund NIL NIL
li} Balance Carried to Balance Sheet NIL NIL
OPERATIONS
The company during the year had carried out certain trading operation and rendered services for its earnings. The funds of the company have been deployed to earn reasonable return with minimum risk The company operational results are attached to the accounts.
FUTURE OUTLOOK
The company is making efforts to commerce new activities during the year. The company decide to operate the activity of trading and rendering of services.
DIVIDEND
With a view to conserve the resources of the Company the Board of Directors have not recommendec any dividend for the year ended 31st March 2010.
DEPOSITS
Your company has not accepted any deposit from the public during the year under report
DIRECTORS
Mrs. Pushpa Sonawani, Director of the Company retire by rotation and being eligible offer tnemselves for re-appointment.
AUDITORS
M/s. K. Sampath & Co. Chartered Accountant retires at the conclusion of the ensuing Annua! Generai Meeting and being eligible, offer themselves for re-appointment.
AUDITORS REMARKS
The remarks of the auditors are self explanatory in nature and need no further clarification
STATUTORY INFORMATION
The company had no employees, drawing remuneration in excess of the limites laid out under Section 217(2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees)) Rules, 1975.
CORPORATE GOVERNANCE
The company thought not yet mandatory require to comply with provisions laid down in the Listing Agreement on corporate governance, has adhered to strict levels of corporate governance and management.
DIRECTORS RESPONSIBILITY STATEMENT
Pursuant to Section 217(2AA) of the Companies Act. 1956 the Directors confirm that:
1] In the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanations relating to material departures.
2] Appropriate accounting policies have been selected and applied consistently and judgments and estimates wherever made are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at the 31st March 2010.
3] Proper and sufficient care has been taken 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.
4] The Annual Accounts have been prepared on a going concern basis
ACKNOWLEDGEMENT
Yours Directors wish to thank the company s bankers and all other associates, for theirs co- operation and support during the year.
For and on behalf of Board of Directors
Chairman.
Place:- Pune
Date-31 07.2010
FINANCIAL RESULTS:
Rs. Thousand
Particulars For The Year Ended For The Year Ended
31.3.2010 31.03.2009
Sales & Other Income 242600.00 NIL
Profit /(Loss) before Depreciation 55458.00 NIL
Depreciation NIL (2161.00)
Profit/(Loss) before Taxes 10658.00 (309098.00)
Provision for Taxation NIL NIL
Profit/(Loss) after Taxes 10658.00 (309098.00)
Balance NIL NIL
Balance brought forward from previous NIL NIL year
Profit Available for Appropriations
Proposed Appropriations:
l}Special Reserve Fund NIL NIL
li} Balance Carried to Balance Sheet NIL NIL
OPERATIONS
The company during the year had carried out certain trading operation and rendered services for its earnings. The funds of the company have been deployed to earn reasonable return with minimum risk The company operational results are attached to the accounts.
FUTURE OUTLOOK
The company is making efforts to commerce new activities during the year. The company decide to operate the activity of trading and rendering of services.
DIVIDEND
With a view to conserve the resources of the Company the Board of Directors have not recommendec any dividend for the year ended 31st March 2010.
DEPOSITS
Your company has not accepted any deposit from the public during the year under report
DIRECTORS
Mrs. Pushpa Sonawani, Director of the Company retire by rotation and being eligible offer tnemselves for re-appointment.
AUDITORS
M/s. K. Sampath & Co. Chartered Accountant retires at the conclusion of the ensuing Annua! Generai Meeting and being eligible, offer themselves for re-appointment.
AUDITORS REMARKS
The remarks of the auditors are self explanatory in nature and need no further clarification
STATUTORY INFORMATION
The company had no employees, drawing remuneration in excess of the limites laid out under Section 217(2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees)) Rules, 1975.
CORPORATE GOVERNANCE
The company thought not yet mandatory require to comply with provisions laid down in the Listing Agreement on corporate governance, has adhered to strict levels of corporate governance and management.
DIRECTORS RESPONSIBILITY STATEMENT
Pursuant to Section 217(2AA) of the Companies Act. 1956 the Directors confirm that:
1] In the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanations relating to material departures.
2] Appropriate accounting policies have been selected and applied consistently and judgments and estimates wherever made are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at the 31st March 2010.
3] Proper and sufficient care has been taken 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.
4] The Annual Accounts have been prepared on a going concern basis
ACKNOWLEDGEMENT
Yours Directors wish to thank the company s bankers and all other associates, for theirs co- operation and support during the year.
For and on behalf of Board of Directors
Chairman.
Place:- Pune
Date-31 07.2010
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