Documente Academic
Documente Profesional
Documente Cultură
Dear Members,
Your Directors present the First Annual Report together with the Audited Accounts for
the year-ended 31-03-2010.
WORKING RESULTS:
This is the first year of operations of the company and during the year under
consideration, the company has initiated business operations. The company intends to
start projects in the ensuing year.
During the year under consideration, there were neither energy conservation measures,
nor technology absorption involved.
PARTICULARS OF EMPLOYEES :
Details relating to particulars of employees as required under Section 217 (2A) of the
Companies Act, 1956 (read with the Companies Particulars of Employees) Amendment
Rule, 1998 were not given as there is no employee drawing a remuneration of Rs.
2,00,000/- or more per month during the year.
APPOINTMENT OF AUDITORS:
The retiring auditors M/s. R N Bishnoi & Associates, Chartered Accountants, Bangalore,
retire at the conclusion of the Annual General Meeting and being eligible offer
themselves for re-appointment.
DIRECTORS
Mr. Muralila Agrawal, Promoter Director of the Company Resigned on 31/10/2009 due to personal
reasons. The Places on record the service rendered by Mr.Kiran Ravindra Kumar Choudhary was
appointed additional Director W.e.f 30-09-2009. By Mr.Kiran Ravindra Kumar Choudhary is retire at the
ensuing AGM, being eligible, after himself for re-appointment.
DIRECTORS RESPONSIBILITY STATEMENT:
Pursuant to the provisions of section 217 (2AA) of the Companies Act, 1956, the Board
of Directors are required to give a Directors Responsibility Statement. The following
statement is being made to comply with this requirement.
The directors hereby state that to the best of their knowledge and belief:
ACKNOWLEDGEMENTS :
The directors place on record their appreciation for the wholehearted co-operation
provided by the staff and others who extended their assistance to the company.
DATE : 01/06/2010
PLACE : BANGALORE. EXECUTIVE DIRECTOR.
NOTICE
Notice is hereby given that the 1st Annual General Meeting of the members of M/s.
CAPITALVIA GLOBAL RESEARCH LTD will be held on 30th June 2010 at the
Registered office of the Company at No: 99, 1st Floor, Surya Complex, R.V.Road,
Basavangudi, Bangalore : 560 004. At 2:30 P M to transact the following business.
ORDINARY BUSINESS
ADOPTION OF ACCOUNTS
To receive, consider and adopt the Balance Sheet as on 31-03-2010 together with
reports of Directors and Auditors thereon.
APPOINTMENT OF AUDITORS
M/s. R N Bishnoi & Associates, the statutory auditors, retire at the end of the AGM
and being eligible for re-appointment offer themselves for appointment.
REGD. OFFICE:
M/s. CAPITALVIA GLOBAL RESEARCH LTD
No: 99, 1st Floor,
Surya Complex,
R.V.Road, Basavangudi,
Bangalore: 560 004
Members Present
General Business
Approval of Accounts
The accounts for the period ending on 31st March 2007 along with directors and
auditors report were discussed and approved.
Appointment of Auditors
M/s. R N Bishnoi & Associates, Chartered Accountants, be and are hereby re-
appointed auditors of the Company to hold office till the conclusion of the next
Annual General Meeting.
Executive Director.
Place: Bangalore
Date: 30th June 2010
Notes to Accounts
a. Basis of Accounting
The Financial Statements are prepared under the Historical Cost convention, in
accordance with the Indian Generally Accepted Accounting Principles (GAAP) and
the provisions of the Companies Act, 1956. All Income and Expenditure, having a
material bearing on the Financial Statements, are recognized on accrual basis
b. Revenue Recognition
Revenue from sale of products is recognized on accrual basis as per the terms of the
agreement entered into by the Company with its customer.
c. Fixed Assets
Fixed Assets are stated at cost of acquisition less accumulated depreciation. The cost
of an asset comprises of its purchase price and any cost directly attributable in
bringing the asset to its present location and condition for intended use.
d. Depreciation
Depreciation on fixed assets is provided on written down value basis from the month
of addition on the basis of the rates specified in Schedule XIV of the Companies Act,
1956.
Assets with unit value not exceeding Rs.5,000 are depreciated fully in the year of
addition.
f. Retirement Benefits
g. Income Tax
Provision for tax has not been made as the company does not have any business
operations and hence no income from operations.
2. Legal and Professional Fees include the following amounts paid/payable to auditors:
5. Based on the available information/documents with the company, there are no dues
outstanding to Small Scale Industrial Undertakings as at the Balance Sheet date.
Preliminary and pre-operative expenses are written off over a period of 10 years.
RAMNIVAS BISHNOI
(PROPRIETOR) (Executive Director) (Director)