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Indo Pacific Projects Ltd.

BSE: 531565 Sector: Infrastructure
NSE: N.A. ISIN Code: INE077C01024
BSE LIVE 15:06 | 26 Jul Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 1.62
PREVIOUS CLOSE 1.63
VOLUME 1000
52-Week high 1.64
52-Week low 1.04
P/E
Mkt Cap.(Rs cr) 16
Buy Price 0.00
Buy Qty 0.00
Sell Price 1.62
Sell Qty 22219.00
OPEN 1.62
CLOSE 1.63
VOLUME 1000
52-Week high 1.64
52-Week low 1.04
P/E
Mkt Cap.(Rs cr) 16
Buy Price 0.00
Buy Qty 0.00
Sell Price 1.62
Sell Qty 22219.00

Indo Pacific Projects Ltd. (INDOPACIFICPRO) - Director Report

Company director report

INDO-PACIFIC SOFTWARE AND ENTERTAINMENT LIMITED ANNUAL REPORT 2010-2011 DIRECTOR'S REPORT Dear Members, Your Board of Directors has the pleasure to present the TWENTY-NINTH Annual Report and the Audited Balance Sheet and the Profit & Loss A/C of the company for the year ended on 31st March 2011. PERFORMANCE: Company's performance was satisfactory on all fronts during the year under review. FINANCIAL RESULTS: Financial results of the Company being self explanatory and depicted in the Profit & Loss Account for the year ended on 31-03-2011 and therefore, do not call for any further comments in that behalf. DIVIDEND: The Directors of your Company have not recommended payment of any Dividend for the financial year 2010-11 in order to strengthen the Reserves of the Company for the ongoing as well as for the forthcoming Projects of the Company. OPERATIONS: The operations of the Company were satisfactory on all fronts during the period under review. DIRECTORS: Ms. Archana D. Wani & Mr. Ashok B. Purohit, Directors are due to retire by rotation and being eligible for reappointment have offered them-selves for re-appointment. The Board proposes them for re-appointment as Directors liable to retire by rotation at the forthcoming Twenty-Ninth Annual General Meeting of the Company. Except this, there has been no change in the Composition of Board of Directors of the Company. PARTICULARS OF EMPLOYEES: During the year under review, there were no employees drawing remuneration in excess of the prescribed limits and whose particulars need to be given under Section 217 (2A) of The Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975, as amended thereafter and from time to time. a) CONSERVATION OF ENERGY & TECHNOLOGY ABSORPTION: The Company does not use any technology or energy for its existing business except for the electricity used in offices and at the sites of the company which is not a significant part of the construction cost, hence it is not practicable to furnish the information in this connection. b) FOREIGN EXCHANGE EARNINGS a OUTGO: NIL. c) POLLUTION CONTROL MEASURES: The Company's business does not involve any emission of pollutants and therefore, no special pollution control measures are called for. However, special attention is being paid to maintain healthy and hygienic condition to make the services customer friendly. DEPOSITS: The Company has not accepted any deposit from public pursuant to the provisions of Section 58A and 58AA of the Companies Act, 1956 during the year under review. DIRECTOR'S RESPONSIBILITY STATEMENT: Pursuant to Section 217(2AA) of the Companies Act, 1956 the Directors confirm: (i) That in the preparation of the Annual Accounts for the financial year ended 31/03/2011 the applicable Accounting Standards have been followed along-with proper explanation relating to material departures; (ii) That 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 fare view of the state of affairs of the company at the end of the financial year and of the PROFIT of the Company for the year under review; (iii) That the Directors have 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; and (iv) That the Directors have prepared the Annual Accounts for the Financial Year ended 31/03/2011 on a 'Going Concern' basis. AUDITOR'S REPORT: Observations made in the Auditor's Report are self-explanatory and therefore, do not call for any further comments u/s.217 (3) of the Companies Act, 1956. AUDITORS: The Auditors, M/s. Sanjay S. Agrawal & Co., Chartered Accountants, NAGPUR hold office till the conclusion of the ensuing Annual General Meeting and are recommended for re-appointment. They have given their consent to continue to act as Auditors of the Company for the current financial year also, if re-appointed. ACKNOWLEDGMENT: Directors wish to place on record their thanks and gratitude to: i) The Central and State Government as well as their respective Departments and Development Authorities connected with the business of the company and the Bankers to the Company. ii) The Members and suppliers/contractors for the trust and confidence reposed and to the Customers for their valued patronage. iii) The Board also takes this opportunity to express their sincere appreciation for the efforts put in by the officers and employees at all levels in achieving the results and hopes that they would continue their sincere and dedicated endeavor towards attainment of better working results during the current year. Regd. Office: For and behalf of the Board 1st Floor B, Poonam Chambers, Byramji Town, Chhindwara Road, (CHAIRMAN) Nagpur - 440 013. (M.S.) Dated: 02.09.2011