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Financial
Results
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| |
This
year |
Previous
year |
| |
Rs. |
Rs. |
| Income |
45,80,441 |
38,59,372 |
| Expenditure |
22,35,953
|
19,69,154
|
| |
|
|
| Excess
of Income over expenditure for the year |
23,44,488
|
18,90,218
|
| Balance
at the beginning of the year |
46,33,126
|
46,33,126
|
| |
69,77,614
|
65,23,344
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| Less: |
|
|
| (i) Accumulation
under Section 11(1)(a) Of the Income tax Act 1961 |
6,11,406 |
5,07,218 |
| (ii) Accumulation
under Section 11(2) of the Income tax Act 1961 |
17,10,000
|
13,83,000
|
| |
23,21,406
|
18,90,218
|
| Balance
carried to Balance Sheet Rs. |
46,56,208
|
46,33,126
|
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| Directors'
Responsibility Statement |
| The
Directors confirm that: |
| 1. |
in
the preparation of the annual accounts, the applicable
accounting standards have been followed and there has
been no material departure; |
2.
|
they have selected
such accounting policies and applied them consistently
and made judgments 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 2006,
and of the excess of income over expenditure of the Company
for the year ended on that date; |
| 3. |
they 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; and |
| 4. |
they have
prepared the annual accounts on a going concern basis. |
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| Particulars
of Employees |
The Company does
not have any employee drawing an annual or monthly salary
in excess of the limits prescribed under Section 217(2A)
of the Companies Act, 1956
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Conservation of Energy and Technology Absorption
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During the year
under report, there was no activity relating to conservation
of energy and / or technology absorption.
|
Foreign Exchange Earnings and Outgo
|
During the year
under Report, there were no earnings or outgo in respect
of foreign exchange.
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