VISHVJYOTI TRADING LIMITED
ANNUAL REPORT 2011-2012
Your Directors have pleasure in presenting the 28th Annual Report and
Audited Annual Accounts for the year ended March 31, 2012.
The working results of the company briefly given below:
(Amount in Rs.)
PARTICULARS YEAR ENDED YEAR ENDED
Gross Receipts & Other Income 1369 17647278
Less: Expenditure 1797518 17598454
Profit/(Loss) before Taxation (1796149) 48824
Less: Provision for Taxation 960 17213
Profit/(Loss) after Taxation (1795189) 31611
Add: Balance Brought Forward (90906) (122517)
Net Profit/(Loss) carried over
to Balance Sheet (1886095) (90906)
Your Company is exploring various business opportunities to secure business
for the Company and striving hard to increase the profitability of the
In view to conserve profit incurred, your Directors have not recommended
any dividend for the year under review.
Mr. Rakesh Saxena, Director, retires by rotation and being eligible, offers
himself to be re-appointed in the ensuing Annual General Meeting.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS
In view of the nature of activities which are being carried on by the
Company, Rules 2A and B of the Companies (Disclosure of particulars in the
report of the Board of Directors) Rules, 1988, concerning conservation of
energy and technology absorption respectively, are not applicable to the
During the year under review, the Company had no foreign exchange earnings.
The Company has not spent any foreign exchange on any account.
M/s Jain & Co, Chartered Accountants, who retire at the conclusion of
forthcoming Annual General Meeting and being eligible for reappointment,
have expressed their willingness to be re-appointed as Statutory Auditors
of the Company.
They have furnished a certificate to the effect that the appointment, if
made, would be within the limit prescribed under section 224 (1B) of the
Companies Act, 1956. Your directors recommend their appointment for another
COMMENTS ON AUDITORS' REPORT
Auditors' Report does not contain any reservation, qualification or adverse
remark on the annual accounts for the financial year ended March 31, 2012,
hence no information or explanation is required under section 217(3) of the
Companies Act, 1956.
In accordance with the restrictions and applicable provisions, the Company
has neither invited nor accepted any public deposits during the year.
PARTICULARS OF EMPLOYEES
The Company has not employed any employee during the year and hence no
information under section 217(2A) of the Companies Act, 1956 was required
to be appended to this report.
DIRECTORS' RESPONSIBILITY STATEMENT
Pursuant to the requirement under section 217(2AA) of the Companies Act,
1956, with respect to Directors' Responsibility Statement, it is hereby
i) In the preparation of the annual accounts the applicable accounting
standards have been followed along with proper explanations relating to
ii) The Directors have selected such accounting policies and applied them
consistently and made judgment and estimates that are reasonable and
prudent so as to give a true and fair view of the state of affairs of the
Company as at 31st March, 2011 and of the profit of the Company for the
financial year ended on that date;
iii) 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;
iv) The Directors have prepared the annual accounts of the Company on a
`going concern' basis.
Your Directors would like to thank all associates of your Company for the
support received from them during the year.
For and on behalf of Board of Directors
Vishvjyoti Trading Limited
Date : 1st September, 2012