LIKHAMI CONSULTING LIMITED

Dear Members,

We have pleasure in presenting our 31st Annual Report together with the Audited Statement of Accounts for the year ended 31st March, 2013 along with the Auditors Report thereon.

FINANCIAL RESULTS:

DIVIDEND:

In view of small profit, the directors regret their inability to declare any dividend for the year under review.

OPERATIONS:

During the year under review, the Company has been maintained its profitability trend through their operational activities. The Company is improving and expanding their business by Consultancy services and other allied activities etc.

DEPOSITS:

Your Company has not accepted any deposits within the meaning of sec 58A of Act during the year and rules made their under during the year.

DIRECTORS:

Mr. C.M. Singh, Director of the Company who retires by rotation and being eligible offers himself for reappointment.

EXECUITVE/WHOLE TIME DIRECTORS:

Presently, the Board does not have Executive/Whole Time Director and other personnel due to financial crisis and grinding halt of the business for the last some years.  The Company is gradually recovering the losses. The Board will appoint Executive/Whole Time Directors and other personnel shortly under the provisions of the Companies Act, 1956 and rules made there under. 

LIKHAMI CONSULTING LIMITED

COMPANY SECRETARY:

The Company is obliged to employ a Company Secretary under section 383A and other applicable provisions of companies Act 1956 and rules made there under on the Whole time basis. Due to financial crisis and grinding halt of the business for the last some years, the Company is unable to appoint Company Secretary on whole time basis. Effective steps have been taken but till date not found suitable candidates for the post. However your directors have been complied with all the legal compliances/formalities as required, through whole time practicing Company secretary.  

AUDITORS:

M/s. S. R. Ghedia & Associates, Chartered Accountants, Mumbai, the auditors of the company who hold office until the conclusion of the forthcoming Annual General Meeting, being eligible, offer themselves for re-appointment, if made, would be within the prescribed limits under Section 224(1B) of the Companies Act, 1956.

AUDITORS COMMENTS, OBSERVATIONS AND QUALIFICATIONS:

The Auditors Comments, Observations and Qualifications of the Accounts are self-explanatory.

CORPORATE GOVERNANCE:

A detailed Compliance Note on Corporate Governance as required under the Provisions in the Listing Agreement on the Stock Exchanges together with the Certificate of Statutory Auditors thereon is attached to this Report.

MANAGEMENT DISCUSSION AND ANALYSIS:

Management Discussion and Analysis is not given separately. The Directors Report gives sufficient details about the present status of the Company.

Changed of Name & altered the Main object of Memorandum & Articles of Association of the Company:

The shareholders of the Company passed Special Resolutions with requisite majority through Postal Ballot and declared on 12/06/2012, wherein it had altered its Main object and change its name. Hence, The Registrar of Companies, West Bengal, Department of  Corporate Affairs, issued a Fresh Certificate of Incorporation Consequent upon change of Name from SPECTRUM RESOURCES LIMITED to LIKHAMI CONSULTING LIMITED in terms of section 23(1) of the Companies Act 1956 vide  SRN B41510827 dated 26th July, 2012  and registered  for alteration of the provisions of its Memorandum of Association  with  respect to its objects and complied with section 18(1) (A) of the Companies Act, 1956 on 20th June, 2012, respectively.

LIKHAMI CONSULTING LIMITED

PARTICULARS OF THE EMPLOYEES:

The provisions of Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rule 1975 are not applicable to the company.

INTERNAL CONTROL:

The internal control systems are adequate to the size and nature of operations of the company.

COMPLIANCE WITH THE ACCOUNTING STANDARDS:

The Company prepares its accounts and other financial statements in accordance with the relevant accounting principles and also complies with the accounting standards issued by the Institute of Chartered Accountants of India.

Statement Regarding Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and outgo as required under section 217(1)(e) of the Companies act, 1956.

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Conservation of Energy                               :           NIL

                        Technology Absorption.                               :           NIL

                        Foreign exchange earnings and out go      :           NIL

DIRECTORS RESPONSIBILITYSTATEMENT:

Pursuant to the requirement under section 217(2AA) of the Companies Act, 1956 with respect to the Directors responsibility statement, it is hereby confirmed that::

(i)                in the preparation of the annual accounts for the year ended 31st March, 2013, the applicable accounting standards have been followed and there are no material departures from the same;

(ii)              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 31st March, 2013 and of the profits of the company for the year ended on that date;

(iii)            the directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

(iv)            the annual accounts have been prepared on a going concern basis.

LIKHAMI CONSULTING LIMITED

ACKNOWLEDGEMENT:

Your Directors wish to place on record their appreciation for the Co-operation and support extended by all the agencies to your Company at all levels.

                        By Order of the Board

                                                                                    For Likhami Consulting Limited

Place  : Kolkata                                                                                          

Date   : 16th August, 2013                      

Babu Lal Jain

(Director)