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. () - Director Report

Company director report

DOCTORS BIOTECH INDIA LIMITED ANNUAL REPORT 2003-2004 DIRECTOR'S REPORT To, The Members, The Board of directors is presenting their Twntieth Report and Statement of Account for year ended 30th June, 2004. OPERATION Your Directors report during the year that Company's total income is Rs. 108.86 lacs and posted a net profit of Rs. 5.11 Lacs. DIVIDEND In view of the insufficient income directors have not recommended any dividend. DIRECTORS RESPONSIBILITY STATEMENT i) that in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures: ii) that we 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 affairs of the Company, at the end of the financial year and of the profit or loss of the Company, for that period. iii) that we had taken proper and sufficient care, for the maintenance of adequate accounting records, in accordance with the provisions of the Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities. iv) that we have prepared the annual accounts on a going concern basis. AUDITORS REPORT The Auditors report is self-explanatory. DIRECTORS During the year under review Shri Vijay Jain, Shri Mahesh Adsul and Mr. Anand Singhi have resigned as Director of the Company and Shri Manish Agarwal and Mr. Kiran Agrawal have been appointed as Directors of the Company. Shri A. Mahesh is retiring by rotation and eligible to re- appointment and offer himself fro re-appointment. Board recommends for his re-appointment. 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 applicable to the Company. FOREIGN EXCHANGE EARNINGS AND OUTGO During the year under report, there is inflow / outflow in Foreign Exchange. FIXED DEPOSIT The Company has not accepted any fixed deposit from the public during the year. PARTICULARS OF EMPLOYEES The Company has not employed any employee through out the year or part of the year drawing remuneration in excess of the limits prescribed under section 217 (2A) of the Companies Act, 1956. AUDITORS The Shareholders of the Company are requested to appoint auditors and fix the remuneration M/s. S.M. Bhatt & Co., Chartered Accountants Mumbai the retiring Auditors having furnished the required Certificate under Section 224 (1B) of the Companies Act, 1956 are eligible for reappointment. PERSONNEL Your Directors are pleased to record their appreciation of the dedication and sense of commitment shown by employees at all levels and acknowledges their contribution towards the Company. LISTING OF SHARES Equity shares of your Company are listed on Bombay Stock Exchange Listing Fees are paid. ACKNOWLEDGEMENT The Board of Directors wishes to express sincere thanks to Bankers, shareholders, clients, customers, suppliers and employees of Companies for extending support during the year. For and on behalf of the Board Director Director Place : Mumbai Dated : 1st December 2004