| To The Members of SHREEKRISHNA BIOTECH LIMITED
The Directors' have pleasure in presenting their Twenty Third ANNUAL
REPORT, of * your Company together with the audited statement of
Accounts for the ended March 31,2013.
(Rs.)
FINACIAL RESULTS:
PARTICULAR Year Ended
31/03/2013 Year Ended
31/03/2012
Rs. Rs.
TotaTTncome 250000.00 200000.00
Total Expenditure 196152.00 164360.00
Profit before Tax 53848.00 35460.00
Provision for Tax 16154.00 4720.00
Profit after Tax 37694.00 30920.00
1. DIVIDEND
With a view to augmenting the Company's resources, your Directors
have decided not to recommend any dividend during for the 2012-2013.
The profits for the year are anyway inadequate for this purpose.
2. DIRECTOR :
Shri Vipul Joshi will retire by rotation at the forthcoming annual
General Meeting of the Company and being eligible offer himself for
re-appointment. Your Directors recommend his re-appointment for your
approval at the ensuing Annual General Meeting.
3. FIXED DEPOSITS
The company has not accepted any fixed Deposits within the meaning of
sections 58A of the Companies Act, 1956. And the Companies. (Acceptance
of Deposits) Rules. 1975.
4. PERSONNEL
The Company had on employees, drawing Salary in excess of the limits
laid down in section 217 (2A) of the Companies Act 1956, during the
year.
5. Directors responsibility Statement as per section 217 (2AA)
In compliance with the provisions of Section 217 (2AA) of the Companies
Act, 1956, the directors of your Company confirm that:
i) In the preparation of the annual accounts, the applicable accounting
standards have been followed and there are no material departures.
ii) They have in 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 the financial year and of the profit of the
company for that period.
iii) They have taken proper and sufficient care, of the, of 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) They have prepared the annual accounts on a going concern basis.
6. AUDITORS
M/S. Jain Vinay & Associates Chartered Accountants, retire at the
ensuing Annual General Meeting and being eligible, offer themselves for
re-appointment and have confirmed their eligibility under Sub-Section
(1B) of Section 224 of the Companies Act, 1956.
You are requested to appoint the Auditors for the finical year
2013-2014 and to fix their remuneration.
1. CONSERVATION OF ENERGY & TECHOLOGY ABSORPTION :
The Company is engaged in trading activities and had on manufacturing
activities, during the year under review. No particulars are therefore
furnished in this Report, relating to the conservation of energy and
technology absorption as required under section 217(1) (c) of the
Companies Act, 1956.
APPRECIATION
Your Directors place on record their appreciation for the continued
support of shareholders and the business associates of the Company.
By order of the Board
For SHREEKRISHNA BIOTECH LIMITED
(Sadanand Mishra)
Director
MUMBAI:
Registered Office:
B-17/18.0M Shree Swati Manor CHS Ltd.,2nd Floor, B-Wing, Near Plaza
Cinema,N.C.Kelkar Road.Dadar(w)
Mumbai - 400 028
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