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S P Investrade (India) Ltd.

BSE: 512255 Sector: Financials
NSE: N.A. ISIN Code: INE869O01011
BSE 05:30 | 01 Jan S P Investrade (India) Ltd
NSE 05:30 | 01 Jan S P Investrade (India) Ltd

S P Investrade (India) Ltd. (SPINVESTRADE) - Director Report

Company director report

S P INVESTRADE (INDIA) LIMITED (Formerly SIYARAM INVESTMENTS LIMITED) ANNUAL REPORT 2004-2005 DIRECTOR'S REPORT To The Members, S.P. Investrade (India) Limited Your Directors have pleasure in presenting their Twentieth Annual Report and Audited Balance Sheet and profit and Loss Account Report for the year ended 31st March, 2005. FINANCIAL HIGHLIGHTS: Current Year Previous Year Rs. In Lacs Rs. In Lacs Gross Receipts 99.38 123.50 Profit before tax 93.58 116.53 Provision for Tax 3.88 (0.13) Profit after Tax 89.70 116.66 Provision for Previous year 0.05 Nil Transferred to Reserve 50.26 11.65 Total retained Profit 39.39 105.01 DIVIDEND: Your directors do not propose any Dividend on Equity Shares of the company for the year under review. DIRECTORS: Shri Arvind Kumar Poddar retires by rotation and being eligible offer herself for reappointment. The Board recommends her appointment at the ensuing Annual General Meeting. PUBLIC DEPOSIT: The company has not accepted any Deposits from public during the year under report. PARTICULARS OF EMPLOYEES: The Information of Employees pursuant to section 217(2A) of the Companies Act, 1956 is Nil. CONSERVATION OF ENERGY: The company did not have any power consumption during the year. As such information regarding conservation of energy is not applicable. TECHNOLOGY ABSORPTION: Nil FOREIGN EXCHANGE EARNINGS AND OUTGO: Nil DIRECTORS' RESPONSIBILITY STATEMENT: The board of Directors hereby declares: i. That in the preparation of the annual accounts, the applicable accounting standards has been followed along with proper explanation relation to materials departures; ii. That the directors has selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and pursuant so as to give a true and fair view of the state of affairs of the company at the of the financial year and of the profit of loss of the company that period; iii. That the Directors has 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 the company and for preventing and detection fraud and other irregularities; and iv. That the directors has prepared the annual accounts on going concern basis. COMPLIANCE CERTIFICATE: A report from M/s. J.H. Fatechandka & Company, company secretaries regarding compliance u/s. 383A(1) of the companies Act, 1956 is appended. AUDITORS: The Auditors of the company M/s. B.L. Sarda & Associates, Chartered Accountants, Mumbai retires at the conclusion of the current Annual General Meeting and are being eligible for re-appointment. ACKNOWLEDGEMENT: The Directors record their appreciation of the co-operation from the Employees and Bankers during the year. FOR AND ON BEHALF OF THE BOARD FOR S.P. INVESTRADE (INDIA) LIMITED SD/- PLACE: MUMBAI. DATED: 28th JUNE, 2005. DIRECTOR