KEDIA INFOTECH LIMITED
ANNUAL REPORT 2010-2011
TO THE SHAREHOLDERS
Your Directors have pleasure in presenting the Annual Report on the
business and operations of the Company and Audited Statement of Accounts of
the Company for the year ended 31st March, 2011.
Your Board of Directors does not recommend any dividend for the year 2010-
During the year company has incurred a losses before taxes of
Rs.1,18,42,940.98 as in comparison to last year losses of Rs. 27,61,044.54
PARTICULARS OF EMPLOYEES
None of the employee of the company received remuneration in excess of the
limit specified u/s 217 (2A) of the Companies Act, 1956.
DISCLOSURE OF PARTICULARS WITH RESPECT OF CONSERVATION OF ENERGY
The details as required by Companies (Disclosure of particulars in Report
of Board of Directors) Rules, 1988 for conservation of Energy, Technology
Absorption are not applicable to the Company having regard to the nature of
business of the Company. Foreign Exchange earnings and outgo are 'NIL'
DIRECTOR RESPONSIBILITY STATEMENT
Pursuant to section 217(2AA) of the Companies Act, 1956 the Directors
1. In presentation of the annual accounts, the applicable standards had
been followed along with proper explanation relation to material
2. 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 your
Company at the end of the financial year and of the profit of your Company
for that period;
3. The Directors had taken proper and sufficient care for the maintenance
of adequate accounting records in accordance with the provisions of this
Act for safeguarding the assets of your Company and for preventing and
detection fraud and other irregularities;
4. The Directors had prepared the annual accounts on a going concern basis.
Sri. Vishwambarlal Kedia who retires by rotation and being eligible, offer
himself for reappointment.
M/s. Ritesh Burad & Co., Chartered Accountants, Statutory Auditors of your
Company hold office until the conclusion of the Annual General Meeting. The
Board of Directors proposes the appointment of M/s Ritesh Burad & Co.,
Chartered Accountants, as the Statutory Auditors the Company has received a
certificate from them to the effect that their appointment if made would be
within the limits prescribed under Section 224(1) of the Companies Act,
We wish to place on record our deep and sincere appreciation for the
contribution made by the workers, staff and executives to the performance
of the Company.
BY ORDER OF THE BOARD
For KEDIA INFOTECH LTD
Place: DELHI Ashok Kumar Kedia Vishwamberlal Kedia
Date : 27-08-2011 Director Director