WARDEN CONSTRUCTION AND FINANCE LIMITED
ANNUAL REPORT 2007-2008
Warden Construction & Finance Ltd.
We have great pleasure in submitting the Annual Report together with the
Audited Statement of Accounts of the Company for the year ended 31st March,
FINANCIAL RESULTS : CURRENT YEAR PREVIOUS YEAR
Loss for the year Rs. 43,889/- Rs. 27,716/-
Add: Loss b/f from P.Y. Rs. 70,343/- Rs.1,96,627/-
Balance carried to B/s. Rs.1,14,232/- Rs.2,20,343/-
PARTICULARS OF EMPLOYEES:
There was no employee in respect of whom information is required to be
disclosed as per Section 217(2A) of the Companies Act, 1956 read with the
Companies (Particulars of Employees) Rules, 1975 as amended.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS
The information required under Section 217(1)(e) of the Companies Act, 1956
read with Companies (Disclosure of Particulars in the report of the Board
of Directors) Rules, 1988 is not applicable.
Pursuant to Section 255 of the Companies Act, 1956 Mr. Lalit Agarwal and
Mr. Manish Agarwal, Directors of the Company, retire by rotation at the
ensuing Annual General Meeting and being eligible offer themselves for re-
DIRECTORS RESPONSIBILITY STATEMENT:
The Directors hereby state that:
1) in preparation of annual accounts, the applicable accounting standards
had been followed along with proper explanation relating to material
2) the Directors had selected such accounting policies and applied them
consistently and made judgements and estimates that are reasonable and
prudent so as to give a true and fair view of the state of affairs of the
Company at the end of the financial year and of the Profit or Loss of the
Company for that year.
3) proper and sufficient care has been taken for the maintenance of
adequate accounting records in accordance with the provisions of the Act
for safeguarding the assets of the Company and for preventing and detecting
fraud and other irregularities.
4) the annual accounts are prepared on a going concern basis.
BUYBACK OF SHARES:
There has been no buyback of Shares of the Company for the year ended 31st
M/S. RAJU SHAH PATEL & KOTADIA ASSOCIATES, Chartered Accountant, the
present Auditors of the Company, retire and being eligible offer themselves
FOR AND ON BEHALF OF THE BOARD,
WARDEN CONSTRUCTION & FINANCE LIMITED
PLACE: MUMBAI DIRECTOR
DATED: 8th September, 2008.