Aramusk Infrastructure Investments Ltd.
||ISIN Code: INE126F01014
05:30 | 01 Jan
Aramusk Infrastructure Investments Ltd
05:30 | 01 Jan
Aramusk Infrastructure Investments Ltd
Aramusk Infrastructure Investments Ltd. (ARAMUSKINFRA) - Director Report
Company director report
ARAMUSK INFRASTRUCTURE INVESTMENTS LIMITED
ANNUAL REPORT 2010-2011
The Directors have pleasure in presenting their Fifteenth Report on the
business and operations of the Company and the Financial Accounts for the
year ending 31st March, 2011.
During the year, the company has earned a net profit of Rs.228942/- after
providing for taxation of Rs.1,00,000/- The financial results are
Gross sales 6.51 5.61
Net Sales 6.51 5.51
Total Income 6.51 5.51
Profit Before Tax 3.29 2.21
Net Profit after Tax 2.29 1.13
Mr. V. Kunchithapatham, Director retires by rotation at the ensuing Annual
General Meeting and is eligible for reappointment.
DIRECTOR'S RESPONSIBILITY STATEMENT:
Pursuant to sub-section (2AA) of Section 217 of the Companies Act, 1956,
the Board of Directors of the Company hereby state and confirm that:
(i) In the preparation of the Annual Accounts, the applicable accounting
standards had been followed along with proper explanation relating to
(ii) 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 the financial year and of the profit of the company
for that period.
(iii) The Directors had 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;
(iv) The Directors had prepared the annual accounts on a going concern
The Audit Committee consists of Mr. C. Jabaraj as Chairman with Mr. V.
Kunchithapatham and Mr. P. Augustine, as members.
A report on Corporate Governance has been enclosed in the Annual Report in
accordance with Clause 49 of the Listing Agreement. A Certificate from the
Practising Company Secretary regarding compliance of conditions of
corporate governance as stipulated in Clause 49 of the Listing Agreement is
attached to this report.
The retiring Auditors Mr. S. Ranganatha Guptha, Chartered Accountant,
Chennai is eligible for reappointment and his remuneration has to be fixed.
The Company has not accepted any Fixed Deposits from the Public during the
MANAGEMENT DISCUSSION AND ANALYSIS:
1. Industry structure and development:
The Indian economy is estimated to be growing by around 8% in 2011-12 GDP
growth as also been note worthy.
2. Opportunities, threats and outlook:
The performance in the infrastructure sector is significant and the
investment opportunities in this sector are promising. A judicial selection
of liquidity and higher yield in the segment is both the threat and
3. Segment-wise/product-wise performance:
The company is exploring opportunities for safe and profitable investment.
Operates in one segment only.
4. Risks and concerns:
The company has not made any borrowings and efforts are made to reduce the
risks associated with the existing portfolio of investments.
5. Internal control systems and their adequacy:
A system of internal control commensurate with the present activities is in
6. Discussion on financial performance with respect to operational
Your company's financial performance during 2010-11 was to new avenues of
investment and has resulted in a reasonable income and is likely to grow in
the near future.
7. Human Resources:
The company is in the process of creating a conducive environment for
attracting suitable talented candidates in tune with its business plans.
8. Cautionary Statement:
Certain statements in the Management Discussion and Analysis describing the
company's views about the industry, expectations/predictions, objectives
etc. may be forward looking within the meaning of applicable laws and
regulations. Actual results may differ materially from those expressed in
the statement. Company's operations may be affected with the supply and
demand situations, input prices and their availability, changes in
government regulations, tax laws and other factors such as industrial
relations and economic development etc. Shareholders are requested to bear
the above in mind.
LISTING AGREEMENT REQUIREMENTS:
The securities of your company are listed at Madras Stock Exchange and
Mumbai Stock Exchange Trading in company's securities remain suspended at
Stock Exchanges for various reasons including non-submission of documents
and all possible steps are being taken by the management to get shares
traded at the floor of the Exchange.
BUY-BACK OF SHARES:
There was no buy-back of shares during the year under review.
The particulars of employees as required under section 217(2A) of the
Companies Act, 1956 and the Companies (Particulars of Employees) Rules,
1975 are not applicable as the Company has not employed anyone drawing more
than the prescribed amount of remuneration.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS
Information required under Sec 217(1)(e) of the Companies Act, 1956 read
with the Companies (Disclosure of Particular in the Report Directors) Rules
A) Conservation of Energy : Nil
B) Technology Absorption : Nil
C) Research & Development : Nil
D) Foreign Exchange Earnings Outgo : Nil
The Board of Directors wish to place on record their appreciation for the
co-operation and support of the Company's Bankers, its valued customers,
employees and all other intermediaries concerned with the company's
Your directors sincerely thank all members for supporting us during the
difficult days. We look forward to your continued support and reiterate
that we are determined to ensure that the plans are successfully
BY ORDER OF THE BOARD
For ARAMUSK INFRASTRUCTURE INVESTMENTS LTD.
P. Augustine V. Kunchithapatham
Date : 27.08.2011.
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