You are here » Home » Companies » Company Overview » Oriental Remedies & Herbals Ltd

Oriental Remedies & Herbals Ltd.

BSE: 526989 Sector: Health care
NSE: N.A. ISIN Code: N.A.
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN
PREVIOUS CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 0
Buy Price
Buy Qty
Sell Price
Sell Qty
OPEN
CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 0
Buy Price
Buy Qty
Sell Price
Sell Qty

Oriental Remedies & Herbals Ltd. (ORIENTALREMEDIE) - Director Report

Company director report

DIRECTOR REPORT

Your Directors have Pleasure in Presenting the Annual Report together with auditedstatement of accounts for the year ended 31st March. 2012

FINANCIAL RESULTS

(Amount in Rs)

Particulars 31-3-2012 31-03-2011
Total Income - -
Total Expenditure 63,788 89.917
Profit / (Loss) before Tax (63.788) (89.917)
Provision for Taxation - -
Profit / (Loss) after Tax (63.788) (89.917)

OPERATIONS

Your directors regret to inform you that your company has shown a Net Loss of Rs.63.7887- for the year under review.

The directors are taking steps to improve the overall performance of the company

DIVIDEND:

Since the Company could not generate any profits, the directors do not propose anydividend for the year under review.

DIRECTORS

There was no change in the management of the company during the year

DIRECTORS' RESPONSIBILITY STATEMENT

The Board of Directors State:

i) that in the preparation of the annual accounts, the applicable accounting standardshad been followed along with proper explanations relating to material departure;

ii) that the Directors had selected such accounting policies and applied themconsistently and made judgments and estimates that ate reasonable and prudent, so as togive a true and fair view of the state of affairs of the Company at the end of thefinancial year and the loss of the Company for the period;

iii) That the Directors had taken proper and sufficient care for the maintenance ofadequate accounting records in accordance with the provisions of the Companies Act.

1956 for safeguarding the assets of the Company and for preventing and detecting fraudand other irregularities

iv) That the Directors had prepared the annual accounts on a going concern basis.

PUBLIC DEPOSITS

The Company has not invited/accepted any public deposits within the meaning of Section58A of the Companies Act. 1956 from the public during the year under review.

LISTING AGREEMENTS REQUIREMENTS

The securities of your company are listed at Bombay Stock Exchange. Trading incompany's securities remain suspended at Stock Exchanges for non-submission of documentsand all possible steps are being taken by the management to get shares traded at the floorof the Exchange.

BUY-BACK OF SHARES

There was no buy-back of shares during the year under review.

PARTICULARS OF THE EMPLOYEES:

None of the employees employed during the year was in receipt of remuneration in excessof the Prescribed limit specified in section 217 (2A) of the Companies Act, 1956 Hence,furnishing of particulars under the Companies ( Particulars of Employees) 1975 does notarise.

AUDITORS

M/s. H. K. Sana & Co., Chartered Accountants, Auditors of the Company retire at theensuing Annual General Meeting. They have expressed their willingness for reappointment.

CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION

During the year under review, there were no activities, which required heavyconsumption of energy. However adequate measures have been taken to make sure that thereis no wastage of energy. Since the requisite information with regard to the conservationof energy, technology absorption (Disclosures of Particulars in the report of Board ofDirectors) Rules is irrelevant/not applicable to the company during the year under review,the same are not reported.

FOREIGN EXCHANGE EARNINGS AND OUTGO:

• Foreign Exchange Earnings - Rs. Nil
• Foreign Exchange Outgo - Rs. Nil

ACKNOWLDGEMENTS

The Board of Directors wish to place on record their appreciation for the co-operationand support of the Company's Bankers, its valued customers, employees and all otherintermediaries concerned with the company's business.

Your directors sincerely thank all members for supporting us during the difficult days.We look forward to your continued support and reiterate that we are determined to ensurethat the plans are successfully implemented.

For Oriental Remedies & Herbals Ltd.
Place :KOLKATA
Date : 01/09/2012