| Description of state of companies affair Total Revenue Total income of the Company for the financial year 2018-2019 comprises of Net Sales, work contract receipt and other income amounts to Rs.3,993.75 Lac which is increase of 98.46 % over last year’s figure. Profit Before Tax Profit before tax for the year under review is Rs 57.72 Lacs, an decrease of 6.40 % over the last year’s figure.This is attributable to exceptional increase of Rs.3,12,19,704/- during Financial Year 2017-18. Profit after Tax Profit after tax for the year under review is profit of Rs.166.20 Lacs, an increase of 57.26.% over the last year’s figure. Earnings per Share Earnings per share for the year under review are Rs 2.45 as compared to Rs (0.53) for the last year. Net worth Net worth of the Company for the financial year 2018-19 is Rs.2210.86 Lac as against Rs 1622.75 Lac of the last year. Details regarding energy conservationThe provisions of Section 134(m) of the Companies Act, 2013 do not apply to our Company as far as Conservation of Energy or Technology Absorption are concerned. Details regarding technology absorptionThe provisions of Section 134(m) of the Companies Act, 2013 do not apply to our Company as far as Conservation of Energy or Technology Absorption are concerned. Details regarding foreign exchange earnings and outgoForeign Exchange Outgo: 2018-19 Purchase of Stores & Spares 7,60,845.00 Disclosures in director’s responsibility statementIn accordance with the provisions of Section 134(5) of the Companies Act, 2013 the Board hereby submits its responsibility Statement: a) in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures; b) the directors 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 at the end of the financial year and of the profit and loss of the company for that period; c) the directors have 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 detecting fraud and other irregularities; d) the directors have prepared the annual accounts on a going concern basis; e) the Company being unlisted, sub clause (e) of section 134(3) of the Companies Act, 2013 pertaining to laying down internal financial controls is not applicable to the Company; and f) the directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively. |