| To The Members of ENERGY (PRODUCTS (INDIA) LIMITED Surat
The directors have pleasure in presenting their 16th Annual Report and
the audited statement of accounts for the year ended on 31st March,
2011 together with the auditors report thereon. The directors give
hereunder their report with respect to the matters specified in section
217 of The Companies Act 1956.
1. State of Affairs of The Company
During the year under review the company did not carried any business
operations. The administrative expenses during the year was
Rs.421508.00. As already informed the bankers have initiated recovery
proceedings and they have sold of the assets of the company. The
directors however proposes to restart the business activities once the
bankers dues are settled. The Directors are also making efforts to
revoke suspension of trading in Shares and have initiated action for
payment of fees to Depositories.
2. Transfer to Reserves
The directors do not propose to transfer any amount to reserves.
3. Dividend
Directors do not recommend any dividend for year ending 31.03.2011.
4. Material Changes affecting Financial Position of company after date
of balance Sheet. No material changes have occurred affecting
financial position of company after date of balance sheet.
5. Particulars of energy Conservation of Energy Etc.
A. CONSERVATION OF ENERGY
Energy conversation measures taken: None at present
Additional investment and proposals, if any, being implemented for
Reduction of consumption of energy: There are no proposals.
Impact of measures at (a) & (b) above for reduction of energy
Consumption and consequent impact on the cost of production of goods:
Does not arise.
Total energy consumption and energy consumption per unit of production
As per Form"A" to annexure in respect of industries specified in the
Schedule thereto: Not Applicable since company has not carried out any
Operations during the year.
B. TECHNOLOGY ABSORPTION Form B
Research & Development (R & D)
Specific area in which R & D carried by the company: None at Present
Benefits derived as a result of the above R & D: Does not arise.
Future plan of action: At present it is not under consideration
Expenditure on R & D: Nil
Technology absorption, adaptation and innovation:
Efforts being made towards technology absorption, adaptation and
innovation: None
Benefits derived as a result of the above efforts e.g. Product
improvement cost, reduction, product development, import substitution
etc. : None Imported technology : Not applicable as technology has not
been imported. C. FOREIGN EXCHANGE EARNING AND OUTGO: Earning: Rs. Nil
Outgo : Rs. NIL
6. Information about employees
The company do not have any employee drawing salary in excess of limits
prescribed under section 217 (2a) of the companies act, 1956 read with
the companies (particulars of employees) rules 1975 the particulars
should be treated as nil
7. Directors responsibility statement Your Directors confirm that:
in the preparation of Annual Accounts, the applicable accounting
standards had been followed along with proper explanation relating to
material departures.
The Directors had selected such accounting policies and applied them
consistently and made judgments 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 financial year and of the loss of the company
for the year.
The directors has 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
The directors had prepared the accounts on going concern basis.
8. Auditors Report
The directors are of opinion that the comments in the Auditors report
are self explanatory and do not call for any further explanation.
9. Acknowledgements
The Directors express their sincere thanks to all the individuals,
governments and other agencies who have given support and co operation
company for their continued support.
For & On Behalf of the Board of Directors
Date : 06th July, 2011
Sd/-
Place : Surat Kirti Kothari
Chairman |