Annual Report 2010-11

Krishi Vigyan Kendra (KVK) at Godda, Jharkhand
managed by GVT and funded by ICAR is in the process
of disseminating low cost innovative technologies.
All these endeavours are expected to enable rural
population mitigate their livelihood related risks and
achieve a better living standard.
28. AUDITORS
G. S. Mathur & Co., S. K. Mehta & Co. and G. K.
Choksi & Co., Chartered Accountants, who are the
Statutory Auditors of the Society, hold office until the
conclusion of the ensuing Annual General Meeting
and are eligible for reappointment.
29. DIRECTORS' RESPONSIBILITY
STATEMENT
Your Directors hereby confirm that (a) In the
preparation of the annual accounts, the applicable
accounting standards had been followed along with
proper explanation relating to material departures, if
any (b) Appropriate accounting policies have been
selected and applied consistently, and that the
judgements and estimates made are reasonable and
prudent so as to give a true and fair view of the state of
affairs of the Society as at March 31, 2011 and of the
profit of the Society for the said period (c) Proper and
sufficient care has been taken for the maintenance of
adequate accounting records in accordance with the
provisions of the Multi State Cooperative Societies
Act, 2002 for safeguarding the assets of the Society
and for preventing and detecting fraud and other
irregularities (d) The annual accounts have been
prepared on a going concern basis.
Fertilizers and other Ministries/Departments
concerned of the Government of India and FICC for
which the Society expresses its gratefulness. Your
Society also places on record its gratitude and thanks
to Sultanate of Oman and Oman Oil Company SAOC
and other Joint Venture Partners.
The Board of Directors also wishes to place on
record its gratitude to those national and
international organizations which have provided their
valuable support. Special thanks are due to Society's
bankers and the Reserve Bank of India. Last but not
the least, the Board places on record its high
appreciation for the sustained, dedicated and sincere
efforts put in by the Officers and Staff of the Society for
their sustained high level of performance.
For and on behalf of the Board of Directors
Dated: July 21, 2011
Vaghjibhai Rugnathbhai Patel
Chairman
30. ACKNOWLEDGEMENTS
The Board of Directors place on record its deep
appreciation for the excellent contributions made by
Shri R K Dhami, Vice-Chairman, Shri Mathew C
Kunnumkal, Shri Shiv Narayan Prasad Mishra and
Shri S.S. Jamgod, Directors on the Board of KRIBHCO
during deliberations on various important issues and
guidance provided by them.
The Society received full support and
cooperation from the Ministry of Chemicals and
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