Gautam Engineers Ltd. Director'S Report: Profit Before Interest, Depreciation & Tax 4606276 4615009
Gautam Engineers Ltd. Director'S Report: Profit Before Interest, Depreciation & Tax 4606276 4615009
Gautam Engineers Ltd. Director'S Report: Profit Before Interest, Depreciation & Tax 4606276 4615009
DIRECTORS REPORT
TO THE MEMBERS
Your directors are glad to present the 34th Annual report together with audited statement of accounts for
the year ended 31st March 2009.
1. OPERATION
The Board has continued its efforts to search for profitable avenues for business and hopes for
Better results in the coming year.
2. DIVIDEND
In order to fuel growth in its revenues and profits the company needs to conserve its financial
resources to meet critical investment requirements in the near term due to which your directors
regret their inability to declare dividend to members.
a) In the preparation of Annual Account, the applicable Accounting Standards had been followed
along with proper explanation made in the notes annexed to the accounts relating to material
departures
b) the directors had 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 at the end of the financial year and of the profit of the company
for that period .
c) The directors had taken proper and sufficient care for the maintenance of adequate accounting
records in accordance with the provision of this Act for safeguarding the assets of the
Company and for preventing and detecting fraud.
d) The Directors had prepared the Annual Accounts on a going concern basis.
8 DEPOSIT
The Company has not accepted any deposit from the public u/s. 58A of Company Act, 1956.
9. AUDITORS
M/s S.B.Dandeker & Co., Chartered Accountants, auditors of the company retire at the
forthcoming annual general meeting and have conveyed their eligibility and acceptance to be
reappointed.
10. ACKNOWLEDGEMENTS
The board places on record its appreciation for the effort and cooperation of all who have
contributed to the efficient functioning of the company during the year.
DIRECTOR