shalibhadra infosec ltd share price Directors report

SHALIBHADRA INFOSEC LIMITED ANNUAL REPORT 2000-2001 DIRECTORS REPORT To, The Member SHALIBHADRA INFOSEC LIMITED, AHMEDABAD Your Directors have pleasure in presenting the Eighth Annual Report alongwith the Audited Accounts of the Company for the year ended on 30th September, 2001. [1] Operation of the company: During the year Company has not done any share broking business. However earned profit of Rs.0.62 lacs. [2] The Companies (Disclosure of Particulars in the report of the Beard of Directors) Rules, 1988: a) Conservation of energy and Technology Absorption: (i) The Companies (Disclosure of Particulars in the report of Board of Directors) Rules, 1988 require the disclosure of particular regarding conservation of Energy in form A and Technology. Absorption in form B prescribed by the rules. The company has not made any investment for conserve energy. (ii) A) Power and Fuel Consumption: There is no manufacturing activities and no use of such power/fuel. b) Foreign Exchange Earning and Outgo: During the year foreign exchange earning/outgoings were Rs.nil. [3] Particulars Regarding Employees: Presently the company has no employee whose details are required to be furnished under a statement giving particulars of employee under section 21 (2A) of the Companies Act, 1956 and the rules formed thereunder. [4] Public Deposits: The company has not accepted any fixed deposits from the public during the period under review. [5] Director: Mr. Dharmendra R. Doshi retire by rotation. Mr. Raju Bachubai Shah who was appointed as an additional director. Holds office upto the date of forthcoming annual general meeting and offer himself for appointment. Mr. Santosh P. Gayakwad who was appointed as an additional director, holds office upto the date of forthcoming annual general meeting and offer himself for appointment. Mr. Raju Bachubhai Shah was also appointed as Managing Director of the company and Mr. Dharmendra R. Doshi has resigned as Managing Director of the Company. Mr. Dharmendra B. Gandhi has resigned as Director of the Company. [6] The Director state that- i) in the preparation of the annual account, the application accounting standards had been followed along with proper explanation relating to material departures; (ii) the director had selected such accounting policies and applied them consistently and made judgements 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 covered under this report of the profit/loss of the company for the year: (iii) the directors had taken proper and sufficient care for 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) the directors had prepared the annual accounts on a going concern basis. [7] Auditors: MITESH P. VORA & CO., CHARTERED ACCOUNTANTS, the retiring Auditors have furnished their eligibility u/s 224 (1-B) of the Companies Act, 1956 and offer themselves for re-appointment. You are required to appoint them as statutary Auditors and fix their remuneration. [8] Acknowledgement: The directors sincerely express their deep appreciation to the Employees at all levels, Bankers, Customers and Shareholders for their sustained support and co-operation and hope that the same will continue in future. For SHALIBHADRA INFOSEC LIMITED Place: Ahmedabad ON BEHALF OF BOARD OF DIRECTOR Date : 01/03/2002 Chairman