| The Members of
REVATI ORGANICS LIMITED
The Directors have pleasures in presenting the Annual Report together
with the Audited Accounts of the Company for the year ended 31st March,
2010
FINANCIAL RESULTS :
31.03.10 31.03.09
Total Income 70,518 43,920
Total Expenditure 95,273 1,22,587
PROFIT / (LOSS) BEFORE TAX (24,755) (78,667)
Less: Fringe Benefit & Income Tax - 441
PROFIT / (LOSS) AFTER TAX (24,755) (79,108)
Profit / (Loss) brought forward
from earlier years (1,68,39,258) (1,67,60,151)
PROFIT / (LOSS) CARRIED TO
BALANCE-SHEET (1,68,64,013) (1,68,39,258)
DIVIDEND:
In view of the loss during the year under review , your Directors do
not recommend any dividend for the year.
DIRECTORS' RESPONSIBILITY STATEMENT:
Your Directors confirm that:
1. In preparation of Annual Accounts, the applicable accounting
standards have been followed alongwith proper explanation relating to
the material departures, if any.
2. The Directors have selected such accounting policies and applied
them consistently and made judgment and estimates that are reasonable
and prudent so as to give true and fair view of the state of affairs of
the Company at the end of financial year ended 31st March, 2010 and of
the Loss of the Company for that year.
3. The Directors 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:
4. The Directors have prepared the annual accounts on a going concern
basis.
DIRECTOR:
Mr. Manish Shah, Director of your Company retires by rotation and being
eligible offer himself for re-appointment.
PUBLIC DEPOSITS :
The Company has not accepted the deposits from the public.
AUDITORS:
The present Statutory Auditors M/s S. M. Shidhaye & Co., Chartered
Accountants of the Company retires at ensuing Annual General Meeting
and being eligible offer themselves for re-appointment.
AUDITORS' REPORT :
The Observation made in the Auditors' Report are self explanatory and
therefore do not call for any further comments on the Auditors Report
under section 217 of the Companies Act, 1956.
STATUTORY INFORMATION ABOUT EMPLOYEES, CONSERVATION OF ENERGY,
TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING & OUTGO:
The Company had no employees covered under section 217(2A) of the
Companies Act, 1956 read with the Companies (Particulars of Employees)
Rules, 1975.
Since the Company is not having any manufacturing activities, Directors
have nothing to report on conservation of Energy, Research &
Development and Technology Absorption.
During the year, Foreign Exchange earning was Nil and outgo was Nil.
ACKNOWLEDGEMENT:
Yours Directors would like to thank its Bankers and shareholders of the
Company for the unstined support from them during the year.
Yours Directors would like to place on record their appreciation for
the dedicated efforts and services put in by the employees of the
Company.
For and on behalf of the Board of Directors
DIRECTOR DIRECTOR
Place: Mumbai
Date : 2nd August, 2010
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