DOCTORS BIOTECH INDIA LIMITED
ANNUAL REPORT 2003-2004
The Board of directors is presenting their Twntieth Report and Statement of
Account for year ended 30th June, 2004.
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.
In view of the insufficient income directors have not recommended any
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.
The Auditors report is self-explanatory.
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
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
The Company has not accepted any fixed deposit from the public during the
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.
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.
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.
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
Place : Mumbai
Dated : 1st December 2004