| To The Members of INFRAOUEST INTERNATIONAL LIMITED
The directors have pleasure in presenting 2Cfh Annual Report of your
company together with the audited accounts for the year ended on 31 st
March 2013.
1. State of Company's Affairs
The Board decided to start its business activities and mainly will
focus in trading activities under the leadership of the Independent
Directors. The Board is presently run by Independent and professional
Directors. The Software export will be an area of interest in future as
at present the company is not getting any order from this segment.
Operating results of the Company for the year & for earlier year are as
under:
(Amount in Rs. 000)
Financial Results 31.03.2013 31.03.2012
Turnover for the year 0.00 2278.72
Profit before Interest & Depreciation (544.75) 8.73
Interest & Finance Charges for the year 0.00 0.00
Depreciation for the year 0.00 0.00
Profit before Taxation (544.75) 8.73
Provision for Taxation 0.00 0.00
Deferred Tax Liability 0.00 0.00
Net Profit for the year (544.75) 8.73
Surplus b/f from previous year (206476.80) (206485.53)
Transferred to General Reserve 0.00 0.00
Balance in Profit & Loss Account t/f
to Balance Sheet (207021.54) (206476.80)
2. Dividend
Owing to continuing losses, your directors do not recommend any
dividend fa the financial year under review.
3. Directorate
Mr. Gaulam Sen eligible to retire by rotation offered himself for re
appointment.
4 Directors Responsibility Statement
As required under the provisions of Section 217 (2AA) of the Companies
Act, 1956, we confirm that:
a) In the preparation of the annual accounts, the applicable accounting
standards have been followed;
b) The directors have selected such accounting policies and applied
them consistently and made judgments and estimates that have been
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 account of the company for the year under review.
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 frauds and other irregularities;
d) The directors have prepared the annual accounts for the financial
year ended 31s t March, 2013 on "ongoing concern" basis;
5. Corporate Governance
Clause 49 of the Listing Agreement require a report on corporate
governance and a certificate from auditors regarding compliance of the
applicable provisions in this area and the same is annexed herewith
forming part of this report and marked as Amexure-2.
6. Auditors
Mr.B S Kedia & Co. Chartered Accountants and Mr. Vikas (Partner) the
auditors of the company. The auditors' report is self explanatory and
needs no further clarification.
7. Public Deposits
Your company has neither invited nor accepted, renewed or extended the
term of any deposits from public within the meaning of Section 58 A of
the Companies Act, 1956, read with the Companies (Acceptance of
Deposit) Rules, 1975 during the year under review.
8. Particulars of Employees etc.
Your company did not have any person in employment who, if employed
throughout the financial year or part thereof, was in receipt of
remuneration, particulars of which are required to be included in this
report as per Section 217 (2A) of the Companies Act, 1956 read with
Companies (Particulars of Employees) Rules 1975.
9. Energy Conservation and other Reporting u/s217(1) (e)
Information required under Section 217(1 )(e) of the Companies Act,
1956, is not applicable to the company.
10. Acknowledgements
Your Directors wish to place on records there sincere appreciation for
the cooperation and support extended by government, shareholders,
bankers, and other associates.
12. ISIN No
The paid up value per share of the company is Rs. 10/- each. The active
ISIN No. in connection with the securities is of ISIN INE786301022.0n
verification the Board noticed that the following ISIN Nos as active
The Board after getting your approval will de-activate the following
ISIN Nos:
1. INE786301030
2. INE786301018
13. The shares belonging to below listed investors were offered for
reduction by respective shareholders and the reduction was confirmed by
Hon High Court, Indore, but for procedural reasons of depository NSDL,
the shares have not been cancelled so far. The Board has requested NSDL
to keep the shares in abeyance till reduction.
By order of the Board of
Infraquest International Limited
Place: Indore Sd/-
Date: 14.08.2013 Chairman |