To The Members of SOCRUS BIO SCIENCES LIMITED.
The Directors are pleased to present the 19th Annual Report together with the Audited
Accounts for the financial year ended 31st March, 2009.
||(Rs. In Lacs)
||Year ended 31/03/2009
||Year ended 31/03/2008
|Profit before Dep. & Int.
|Profit after Depreciation & interest
|Less: prior Period item & loss on sale of fixed assets
|Provision for Tax (deferred)
|Profit after Tax
|Balance brought forward
|Balance carried to Balance Sheet
During the year Company's income is Rs 605.64 Lacs as compared to Rs.617.71lacs in the
previons year and thereby registering an increase decrease off 1.95) % as compared to the
Your Directors are not declaring any dividend for the year under review.
FOREIGN EXCHANGE EARNINGS / OUTGO
During the year, under review there has been no foreign exchnage outflow.
Your company has not accepted any deposits within the meaning of Section 58 A of The
Companies Act. 1956.
PARTICULARS OF EMPLOYEE
During the year under review, no employee of the Company was in receipt of remuneration
exceeding the sum prescribed under section 217(2 A) of the Companies Act 1956. read with
the Companies (particulars of employees) Rules 1975. Thus furnishing of particulars under
the Companies ((particulars of employees) Rules 1975 are not applicable.
DIRECTORS' RESPONSIBILITY STATEMENT
Pursuant to the requirement under Section 217(2AA) of the Companies Act, 1956, with
respect to Directors' Responsibility Statement, it is hereby confirmed:
(i) That in the preparation of the accounts for the financial year ended 31st
March 2009 the applicable accounting standards have been followed, along with proper
explanation relating to all material departures.
(ii) That they have, in the selection of the accounting policies, consulted the
statutory auditors and have 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 profit of the Company for that
(iii) They 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.
(iv) That the Directors have prepared the accounts for the financial year ended 31st
March. 2009 on a going concern basis.
M.s Shyam Nagori & Company.. Chartered Accountants. Indore. Auditors of the company
hold office until the conclusion of the ensuing Annual General Meeting.
CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION
The particulars under the companies (Disclosure of Particulars in the Report of Board
of Directors) Rules 1988. on conservation of energy and technology absorption are not
LISTING OF SHARES
Equity shares of your Company are listed on Mumbai Stock Exchange only and the Company
has paid the necessary Listing fees for the year 2008 - 2009 in time.
CORPORATE GOVERNANCE COMPLIANCE
As required under the listing agreement with the stock exchange, corporate governance
and management discussion and analysis report form part of this Annual Report.
The Board of Directors wishes to express sincere thanks to Bankers, shareholders,
clients, Financial Institutions, customers, suppliers and employees of Companies for
extending support during the year.
||FOR & ON BEHALF OF THE BOARD
||MR. Rajeev Agnihotri