PASCHIM HYDRO ENERGY PRIVATE LIMITED

ELEVENTH ANNUAL REPORT

2011-2012

PASCHIM HYDRO ENERGY PRIVATE LIMITED

BOARD OF DIRECTORS
SHRI K VIJAY KUMAR
SHRI M SRINIVAS
SHRI ANIL YAMANI
BANKERS
STATE BANK OF INDIA
STATE BANK OF TRAVANCORE
STATE BANK OF MYSORE
AUDITORS
M/s. C B MOULI & ASSOCIATES
CHARTERED ACCOUNTANTS,
125, M G ROAD,
SECUNDERABAD 500 003.
REGISTERED OFFICE
8-2-269/S/3/A, PLOT NO. 3,
SAGAR SOCIETY, ROAD NO.2,
BANJARA HILLS,
HYDERBAD 500 034
PROJECT SITE
NEAR MARANAHALLI VILLAGE,
SAKALESHPURA TALUQ 573 134
HASSAN DISTRICT
KARNATAKA

PASCHIM HYDRO ENERGY PRIVATE LIMITED

HYDERABAD
NOTICE
NOTICE is hereby given that the Eleventh Annual General Meeting of the
members of Paschim Hydro Energy Private Limited will be held on
Saturday, 29th day of September, 2012 at 10.00 A.M. at the registered
office of the Company, 8-2-269/S/3/A, Plot No.3, Sagar Society, Road No.2,
Banjara Hills, Hyderabad-34 to transact the following business:
ORDINARY BUSINESS:
1.

To receive, consider and adopt the Directors report and the Audited
Statement of Profit & Loss and Cash Flow Statement for the financial
year ended 31st March, 2012 and the Audited Balance Sheet as at that
date.

2.

To consider and if thought fit, to pass with or without modification, the

following resolution as an Ordinary Resolution.
RESOLVED THAT M/s. C B Mouli & Associates, Chartered Accountants,
Secunderabad (Firm Regn. No. 002140S) the retiring auditors, be and
are hereby re-appointed as Auditors of the Company to hold office
from the conclusion of this Annual General Meeting till the conclusion
of the next Annual General Meeting on such remuneration as may be
fixed by the Board of Directors of the Company.

By Order of the Board

Place : Hyderabad
M SRINIVAS
Date : 28th August 2012
DIRECTOR

K. VIJAY KUMAR
DIRECTOR

Notes:
1. A member who is entitled to attend and vote at the meeting is
entitled to appoint proxy to attend and vote instead of
himself/herself and such a proxy need not be a member of the
Company.

PASCHIM HYDRO ENERGY PRIVATE LIMITED

HYDERABAD
DIRECTORS REPORT
Dear Members,
Your Directors have pleasure in presenting the Eleventh Annual Report together
with the Audited Accounts of the Company for the year ended March 31, 2012.
Financial Results
Particulars
Gross Receipts
Profit before Interest & Depreciation
Interest
Profit
after
Interest
but
before
Depreciation
Depreciation
Profit/(Loss) before Tax (PBT)
Provision for Tax
Deferred Tax (Liability)/Asset
Profit/(Loss) after tax (PAT)
Balance brought forward
Balance Carried to Balance Sheet

2011-12

(Rs.In lakhs)
2010-11

928.95
775.55
306.33
469.22

935.79
821.71
239.44
582.27

371.32
97.90
20.70
(40.80)
36.40
(297.50)
(261.09)

1208.11
(625.84)
0.65
212.72
(413.77)
116.27
(297.50)

Future Prospects
The future outlook of Hydro Power Generation Industry continues to be bright and
challenging. In line with the priorities laid down by the Central and State
Governments, your Company proposes to continue to concentrate its efforts in
executing small Hydro power projects and in this direction the Company is also
been enrolled with Renewable Energy Development Authority of Karnataka which
will enable the Company to take up new Hydro power projects.
Dividend
The Company has not declared any dividend during the year under review.
Increase in Share Capital:
The Company has not allotted any shares during the year under review and
hence there is no increase in paid share capital of the Company

Fixed Deposits
The Company has not accepted any deposits falling with in the meaning of
Section 58A of the Companies Act, 1956 read with the Companies (Acceptance of
Deposits) Rules, during the Financial Year under review
Auditors
The Auditors of the Company, M/s C B Mouli & Associates, Chartered Accountants,
Secunderabad, who retire at the ensuing Annual General Meeting of the
Company, are eligible for reappointment as Statutory Auditors of the Company till
the next Annual General Meeting. The Company has received their willingness
for reappointment as auditors of the Company and a certificate under Section
224(1B) of the Companies Act, 1956.
Conservation of Energy, Technology absorption, Foreign Exchange
earnings and outgo:
The particulars as prescribed pursuant to Section 217(1) (e) of the Companies
Act, 1956, read with the Companies (Disclosure of particulars in the report of
Board of Directors) Rules, 1988, as amended from time to time, are set out as
Annexure-A to this report.
Particulars of Employees
The Company does not have any employees, whose particulars are required to be
disclosed in this report pursuant to the provisions of Section 217(2A) of the
Companies Act, 1956, read with the Companies (Particulars of employees) Rules,
1975, as amended from time to time.
DIRECTORS
During the year Mr. Viswapala Gowd Patil, who was appointed as an additional
director has resigned with effect from 29th June, 2012. The Board commends his
services rendered during his tenure.

Directors Responsibility statement

Pursuant to Section 217(2AA) of the Companies Act, 1956 the Director of the
Company confirm that:
i)
ii)

iii)

iv)

in the preparation of Annual Accounts, the applicable accounting

standards have been followed along with proper explanation relating to
material departures;
the Company 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 of the
Company for that year;
the Company 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;
the Company prepared the Annual Accounts on a going concern basis.

Employee Relations
The Company continued to have cordial relations with its employees.
Acknowledgements
The Directors gratefully acknowledge the contribution made by the employees
towards the success of the Company. The Directors are also thankful for the cooperations, support and assistances received from banks, investors, customers,
Central and State Government departments and local authorities.

For and on behalf of the board

Place: Hyderabad
Date : 28th August, 2012

K. VIJAY KUMAR
DIRECTOR

M SRINIVAS
DIRECTOR

ANNEXURE A
Particulars pursuant to Companies
(Disclosure of Particulars in the report of the Board of Directors) Rules,
1988.
1. Conservation of Energy.
The Companys operations required low energy consumption.
measures are taken to conserve energy, wherever possible.

Adequate

2. Technology Absorption on Form B

Research & Development (R&D).
Nil
Technology absorption, adaptation and innovation.
The requisite information under the head is not applicable to Company as there
were no imports of any technology.
3. Foreign Exchange Earnings and Outgo.
Particulars
Foreign Exchange earnings
Foreign Exchange outgo

Year ended
March 31,
2012
NIL
NIL

Year ended
March 31,
2011
1,23,97,285/NIL

for and on behalf of the Board

K.VIJAY KUMAR
DIRECTOR
Date: 28.08.2012
Place: Hyderabad

M.SRINIVAS
DIRECTOR