Supply Chain Management

CMYK

Subsidiary Financial Statements

Directors’ Report

MEMBER ERS TO TH E MEMBERS OF MIN ERAL RESOU ESOUR LIMITED ACC MIN ERAL RESOURCES LIMITED The Directors have pleasure in presenting the Eighty Second Annual Report, together with the Audited Financial Statements of the Company for the year ended December 31, 2010. FINANC NANCIAL RESUL 1. FINANCIAL RESULTS

in the State of Chattisgarh is in the “No-go Area” of Ministry of Environment & Forest and the Government of India is presently reviewing its policy vis-a-vis coal blocks situated in the “No-go” forest area. The operatons of the Company have not started and in the absence of any trading activity, the other income of `5,00,441 represents the dividend received on investment in mutual funds and other income which is further reduced by administrative expenditure and amortization of miscellaneous expenditure incurred for increasing the Authorised Share Capital of the Company. DIRECTOR ORS 3. DI R ECTORS

5,00,441 46,637 46,637 46,637 4,65,669 1,61,135 1,61,135 1,61,135

PART ICULAR LARS PART ICU LAR S

For the year ended December 31, 2010

For the year ended December 31, 2009

`

Sale of products and services & Other income .............................. Profit Before Depreciation, Interest and Tax .............................. Profit Before Tax .............................. Profit After Tax ................................. Balance brought forward from previous year ......................... Balance Carried to Balance Sheet ...................................

`

5,71,232

4,10,097

The Board of Director has appointed Mr. Kuldip Kaura, as an Additional Director of the Company with effect from October 14, 2010. As an Additional Director Mr. Kuldip Kaura holds office till the date of the forthcoming Annual General Meeting. Accordingly, his candidature for appointment as a Director is included at Item 4 of the Notice. Mr. Vivek Chawla, who was appointed in the casual vacancy caused by the...