DATABASE FINANCE LIMITED
ANNUAL REPORT 2003-2004
Your Directors have pleasure in presenting their 15th Annual Report for the
period ended 31st July, 2004
During the Year, Company has earned the profit of Rs. 44,482/-
To augment the financial strength of the Company, the profits have been
ploughed back and hence your Directors do not recommend any dividend for
the current year.
In accordance with the provisions of the Companies Act, 1956 and the
Articles of Association of the Company Ms. Supriya Khanna retires by
rotation at the Annual Meeting and eligible for re-appointment.
The Provisions of the section 217(2A) of the Companies Act, 1956 read with
the Companies (Particulars of Employees) Rules, 1975 as amended, does not
apply to the Company.
CONSERVATION OF ENERGY OF TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS
The provisions of section 217(2A) of the Companies Act, 1956 read with the
Companies (Disclosure of particulars in the report of the Board of
Directors) Rules 1988 as amended, does not apply to the Company, There was
no foreign and outflow during the year under review.
M/s. M. A. Darji & Co. Chartered Accountants, the Auditors of the Company
retire at the forthcoming Annual General Meeting and being hereby eligible
and recommended for appointment.
Your Directors would like to express their appreciation for the Assistance
and Co-operation receive from their Advocates & Solicitors, Consultants,
Stock Exchange, SEBI, State and Central Government authorities at all
level, CBDT Officials, Bankers during the year under review.
Your Board of Directors wish to place their appreciation for the sincere
and devoted service ended by the executive and staff at all levels of the
Company for its Success.
For and behalf of the Board of Directors
Place : Mumbai
Date : 23rd September, 2004.