MINI SOFT LIMITED
ANNUAL REPORT 2010-2011
MINI SOFT LIMITED.
The Director have pleasure in presenting the 31st Annual Report together
with the audited accounts of your company for the year ended 31st March,
Financial results of the operation for the year ended 31st March, 2011 are
set out below.
YEAR 2010-2011 YEAR 2009-2010
Income 9,12,086 9,78,000
Expenditure 8,33,762 13,65,562
Depreciation 1,55,551 1,39,094
Profit before Taxation (73,227) (5,26,656)
Provision for Tax 1,00,000 Nil
Profit after tax (1,73,227) (5,26,656)
Profit brought forward from Last Year 1,67,09229 1,61,82,573
Balance Carried forward to Balance Sheet (1,68,82,456) (1,67,09,229)
Due to insufficiency of Profits no dividend has been declared during the
year. The Book Value of company's share stands at Rs 7.89 as at 31-03-2011.
Mr. S.J.K. Adya retires by rotation and has offered him self for re-
PARTICULARS OF EMPLOYEES:
None of the employees of the company fall under the provisions of Section
217(2-A) of the Companies (Particulars of Employees) Rules, 1975 as amended
DIRECTORS' RESPONSIBILITY STATEMENT:
Pursuant to section 217(2AA) of the companies Act, 1956 with respect to
Director's Responsibility Statement, it is hereby confirmed:
1) That in the preparation of the accounts for the financial year ended
31st March 2011, the applicable accounting standards have been followed
along with proper explanation relating to the material departures;
2) That the directors have selected such accounting policies and applied
them consistently and made judgements and estimates that were reasonable
and prudent so as to give a true and fair 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.
(3) That the Director have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of the Companies Act, 1956 for safe guarding the assets of the
Company and preventing and detecting fraud and other irregularities; and
(4) That the Director have prepared the accounts for the financial year
ended 31st March, 2011 on a 'going concern' basis.
(5) That two Directors other than the Managing Director form the audit
committee and oversee the financial activities. The internal control
system, and the observations of the audit committee have been discussed in
the board meetings held to review the quarterly/half-yearly and annual
financial statements and found to be adequate and commensurate with volume
The company has not accepted any fixed deposits during the year under
Due to in sufficiency of profits no dividend has been declared during the
A.C. Mehta & Co. Chartered Accountants, the retiring Auditors being
eligible offer themselves for re-appointment. The board is authorized to
appoint an auditors and fix their remuneration.
CONSERVATION OF ENERGY:
Measures are taken to optimise the economical use of energy to check the
waste and to find out alternative sources of energy creation. Presently
there is no consumption.
There is no manufacturing activity so no technology absorption required.
There has been no Foreign Exchange earning and out go.
The Board of Directors record their appreciation and gratitude to its
employees, customers and vendors and bankers for their support and
On behalf of the Board of Directors
Date : 24th August, 2011.