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Neelkanth Motels Director Report
BSE:526391 | IND:Miscellaneous - Others | ISIN code:INE882F01012 | SECT:Miscellaneous
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You can view full text of the Director's Report for Neelkanth Motels & Hotels Ltd.
Director Report
The Directors present herewith the Nineteenth Annual report of the
company for the year ending 31st March, 2010 together with the audited
Balance sheet and Profit and loss account and cash flow statement of
the year ending on the said date.
FINANCIAL POSITION:
Your company has made a Net loss of Rs. 13,48,358/- for the year under
review. The important financial data is as under: -
PARTICULARS 2009-10 2008-09
Income 4027602 32,17,731
Expenditure 5343413 53,55,058
Net Loss 1315811 21,37,327
Balance B/F From 14970624 128,33,297
Previous Year
Balance Carried to 16286435 149,70,624
Balance Sheet (A-B)
DIVIDEND:
The Company has not made profits during the current financial year so;
your directors do not recommend any dividend.
DEPOSITS:
The Company has not accepted, during the year under review, any deposit
as defined under the Companies (Acceptance of Deposits) Rules, 1975.
DIRECTORS:
DIRECTORS RESPONSIBILITY STATEMENT:
In accordance with the provisions of Section 217 (2AA)OF the companies
ACT 1956 your directors lace on record a statement stating that:
In the preparation of annual account, the applicable standards have been
following:
Accounting Policies selected were applied consistently and reasonable
and prudent judgment and estimates were made so as to give a true and
fail of the state of affairs of the Company at the end of IV March
2010 and Profit of the Company for the same period;
Proper and sufficient care was taken for the maintenance of adequate
accounting records in accord with the Provisions of the Companies Act
1956 for safeguarding the assets of the Company and for preventing and
detecting fraud and other irregularities; preventing and
We have prepared the annual accounts on a going concern basis
APPOINTMENT OF AUDITORS:
The Statutory Auditors M/s Mayur Shah & Associates, Chartered
Accountants Ahmedabad will retire at the ensuing Annual general Meeting
& being el gibe offers themselves for re appointment. The Board
recommends their appointment
PARTICULARS OF EMPLOYEES:
In terms of section 217(2A) of the companies Act, 1956, following
directors holding more than 2%of equity shares spieled under section (217)
of the companies Act ,have received receiving the year as detailed
below.
Name of the Gross remun
eration Qualification Commencement
employesee and received ofempioymen,
Bharat R. Choksi 3,30,000/- B. Com 09/10/1991
CONSERVATION OF ALLOYS AND TECHNOLOGY ABSORPTION
Provisions of section 217(1) (e) of the Companies Act, 1956 with espect
to Conservation of Alloys and Technology Absorption are not applicable
to the Company.
FOREIGN EXCHANGE EARNINGS AND OUTGO:
The Company has neither earned any foreign exchange nor expended any
foreign expenses during the year.
ACKNOWLEDGEMENT:
The Directors wish to place on record their appreciation to the
wholehearted help and co-operation, the Company has received from
business associates/partners vendors, clients, government authorities,
and bankers of the Company. The Directors also wish to acknowledge the
hard work and dedication of all its personnel towards sustained growth
of the company.
Date: On behalf of the Board of Directors
Place: Baroda
(Director)
company for the year ending 31st March, 2010 together with the audited
Balance sheet and Profit and loss account and cash flow statement of
the year ending on the said date.
FINANCIAL POSITION:
Your company has made a Net loss of Rs. 13,48,358/- for the year under
review. The important financial data is as under: -
PARTICULARS 2009-10 2008-09
Income 4027602 32,17,731
Expenditure 5343413 53,55,058
Net Loss 1315811 21,37,327
Balance B/F From 14970624 128,33,297
Previous Year
Balance Carried to 16286435 149,70,624
Balance Sheet (A-B)
DIVIDEND:
The Company has not made profits during the current financial year so;
your directors do not recommend any dividend.
DEPOSITS:
The Company has not accepted, during the year under review, any deposit
as defined under the Companies (Acceptance of Deposits) Rules, 1975.
DIRECTORS:
DIRECTORS RESPONSIBILITY STATEMENT:
In accordance with the provisions of Section 217 (2AA)OF the companies
ACT 1956 your directors lace on record a statement stating that:
In the preparation of annual account, the applicable standards have been
following:
Accounting Policies selected were applied consistently and reasonable
and prudent judgment and estimates were made so as to give a true and
fail of the state of affairs of the Company at the end of IV March
2010 and Profit of the Company for the same period;
Proper and sufficient care was taken for the maintenance of adequate
accounting records in accord with the Provisions of the Companies Act
1956 for safeguarding the assets of the Company and for preventing and
detecting fraud and other irregularities; preventing and
We have prepared the annual accounts on a going concern basis
APPOINTMENT OF AUDITORS:
The Statutory Auditors M/s Mayur Shah & Associates, Chartered
Accountants Ahmedabad will retire at the ensuing Annual general Meeting
& being el gibe offers themselves for re appointment. The Board
recommends their appointment
PARTICULARS OF EMPLOYEES:
In terms of section 217(2A) of the companies Act, 1956, following
directors holding more than 2%of equity shares spieled under section (217)
of the companies Act ,have received receiving the year as detailed
below.
Name of the Gross remun
eration Qualification Commencement
employesee and received ofempioymen,
Bharat R. Choksi 3,30,000/- B. Com 09/10/1991
CONSERVATION OF ALLOYS AND TECHNOLOGY ABSORPTION
Provisions of section 217(1) (e) of the Companies Act, 1956 with espect
to Conservation of Alloys and Technology Absorption are not applicable
to the Company.
FOREIGN EXCHANGE EARNINGS AND OUTGO:
The Company has neither earned any foreign exchange nor expended any
foreign expenses during the year.
ACKNOWLEDGEMENT:
The Directors wish to place on record their appreciation to the
wholehearted help and co-operation, the Company has received from
business associates/partners vendors, clients, government authorities,
and bankers of the Company. The Directors also wish to acknowledge the
hard work and dedication of all its personnel towards sustained growth
of the company.
Date: On behalf of the Board of Directors
Place: Baroda
(Director)
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Quick Links
Neelkanth Motels & Hotels Ltd. Quick Links
Stock Summary
Cash Flow Statement
Half Yearly Results
Capital Structure
Chairman's Speech
Company History
Locations
Dividends
Splits
Competitors
Cash Flow Statement
Half Yearly Results
Capital Structure
Chairman's Speech
Company History
Locations
Dividends
Splits
Competitors
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