GIRDHAR VANIJYA PRIVATE LIMITED
ANNUAL REPORT 2008-2009
DIRECTORS' REPORT
To
Dear shareholders
Girdhar Vanijya Private Limited
Your Directors are pleased to present the 3rd Annual Report together with
the Audited Accounts for the financial year ended March 31, 2009.
FINANCIAL HIGHLIGHTS
Particulars Current Year Previous Year
Rs. Rs.
Income 10,961,388 38,605,080
Profit before tax 10,210,244 6,872
Provision for tax 3,702,500 2,684
Profit after tax 6,507,744 4,188
Surplus carried to balance sheet 5,170,122 16,636
DIVIDEND
The Directors did not recommend any dividend for the financial year ended
March 31, 2009.
EMPLOYEES
At present no employees covered under Section 217 (2A) of the Companies
Act, 1956.
COMPLIANCE CERTIFICATE
A certificate under Section 383A of the Companies Act, 1956, has been
received from a practicing Company Secretary.
AUDITORS AND AUDITORS REPORT
M/s Maroti & Associates, Chartered Accountants, Statutory Auditors of the
Company, hold office until the conclusion of the ensuing Annual General
Meeting and are eligible for re-appointment.
The Company has received letter from them to the effect that their re-
appointment, if made, would be within the prescribed limits under Section
224(1B) of the Companies Act, 1956 and that they are not disqualified for
such appointment within the meaning of Section 226 of the said Act.
The Notes on Accounts referred in the Auditors' Report are self-explanatory
and therefore do not call for any further comments.
DIRECTORS RESPONSIBILITY STATEMENT
In pursuance of Section 217(2AA) of the Companies Act, 1956, with respect
to Directors' Responsibility Statement, the Directors confirm that:
1. The Company has, in the preparation of the annual accounts, followed the
applicable accounting standards along with proper explanation relating to
material departures, if any;
2. The Directors have selected such accounting policies and applied them
consistently and made judgments and estimates that were reasonable and
prudent so as to give a true and fair view of the state of affairs of the
Company as at March 31, 2009 and of the profit of the Company for the
financial year ended March 31, 2009;
3. The Directors have taken proper and sufficient care to the best of their
knowledge and ability, 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
4. The annual accounts have been prepared on a going concern basis.
CONSERVATION OF ENERGY, RESEARCH AND DEVELOPMENT, TECHNOLOGY ABSORPTION AND
FOREIGN EXCHANGE EARNINGS AND OUTGO
In view of the nature of activities which are being carried on by the
Company, rules 2A and 2B of the Companies (Disclosure of particulars in the
report of Board of Directors) Rules, 1988 concerning conservation of
energy, research and development and technology absorption respectively are
not applicable to the Company. The Company has no foreign exchange earnings
and outgo during the financial year ended March 31, 2009.
DEPOSITS
During the financial year ended March 31, 2009, the Company has not
accepted any deposit from the public within the meaning of Section 58A of
the Companies Act, 1956, and the rules thereunder.
ACKNOWLEDGEMENT
The Directors would like to express their sincere thanks for the
cooperation received from banks and government authorities. The Directors
places on record its gratitude to the Company's valued shareholders for
their continued support and confidence in the Company.
For and on behalf of the Board of Directors
Aditi Mittal
Director
Place: Kolkatta
Date : July 21, 2009
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