Afcon Book.indd - Afcons Infrastructure Ltd.

AFCONS INFRASTRUCTURE INTERNATIONAL LIMITEDCOMMENTARY OF THE DIRECTORSIncorporationThe Company was incorporated in Mauritius on 13 th February 2008 as a private company limited by shares.ActivitiesThe principal activities of the Company are that of investment holding.DirectorsThe present membership of the Board is set out below.Mr. Vijay Kumar DwarkaMr. Praveen Kumar RamsahaMr. Selvaraj NarayananMr. Srinivasan ParamasivanMr. James Richard Sample (Resigned on 31 st March 2010)ResultsThe results for the year are shown in the Statement of Comprehensive Income.Director’s responsibilities in respect of the financial statementsCompany law requires the directors to prepare financial statements for each financial year, which give a true and fair view of the state of affairsand of the profit or loss of the Company.In preparing those financial statements, the directors are required to:• Select suitable accounting policies and then apply them consistently;• Make judgements and estimates that are reasonable and prudent;• State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in thefinancial statements, and• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue inbusiness.The directors confirm that they have complied with the above requirements in preparing the financial statements.The directors are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financialposition of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2001. They are alsoresponsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and otherirregularities.AuditorsThe auditors, Horwath (Mauritius), have expressed their willingness to continue in office.CERTIFICATE FROM THE SECRETARY UNDER SECTION 166 (D) OF THE COMPANIES ACT 2001We certify to the best of our knowledge and belief that we have filed with the Registrar of Companies all such returns as are required ofAFCONS INFRASTRUCTURE INTERNATIONAL LIMITED during the financial year ended 31 December 2009.For SG Financial Services LimitedAjay O. SewrazSecretaryRegistered office:4th Floor, Amod Building19, Poudrière StreetPort LouisMauritiusDate : 16 th June, 201075