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Directors Report of Alna Trading & Exports Ltd.

Mar 31, 2014

Dear Members

The Directors have pleasure in submitting their 32nd Annual Report together with the Audited Statements of Accounts for the year ended 31st March. 2014.

FINANCIAL RESULTS:

For the current For the previous year ended year ended

31.03.2014 31.03.2013

(Amount in Rs.) (Amount in Rs.)

Gross Revenue 2,30,72,934 1,26,72,300

Profit for the period before Depreciation and Taxation 2,55,714 2,36,583

Less: Depreciation 34,911 36,850

Profit before tax 2,20,803 1,99,733

Provision for Taxation

Current Tax 40,000 32,600

Deferred Tax (132) (162) 32,438

(Excess)/Short tax provision for earlier years (553) 39,315 -

Profit after Tax 1,81,488 1,67,295

Add/(Less): Brought forward profit of earlier year 1,38,46,506 1,36,79,211

Balance carried forward to Balance Sheet 1,40,27,994 1,38,46,506

REVIEW OF OPERATIONS:

During the year under Report, the turnover of the Company amounted to Rs. 2,30,72,934/- as compared to the previous year turnover of Rs. 1,26,72,300/-. Other income amounted to Rs. 96,789/- as against Rs. 95,673/- in the previous year.

Net Profit for the year is Rs. 1.81 lacs as compared to Rs. 1.67 lacs in the previous year.

DIVIDEND:

With a view to strengthen the financial position of the Company and to retain funds required for the operations of the Company the Directors have not recommended any dividend out of the current year''s profit

FIXED DEPOSITS:

The Company does not have any deposits remaining unclaimed and/or claimed but not paid for which information is required to be given in this Report.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO:

Information pursuant to section 217(l)(e) of the Companies Act, 1956 read with the Companies Act, 1956 (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988, relating to Conservation of Energy and Technology Absorption is not applicable to your Company, hence no information is disclosed in this regard.

The Company has however earned Foreign Exchange of Rs. 2,25,82,345/- (Previous Year Rs. 1,24,19,778/-) and did not incurred any Foreign Exchange outgo during the current year as given in Note 20 of notes forming part of accounts.

PARTICULARS OF EMPLOYEES:

The Company has not paid any Salary above the prescribed limit to any of its employees, for which the statement is required to be appended to this Report.

DIRECTORATE:

The Board of Directors, at its meeting held on 01st November, 2013, has appointed Mr. Sunil Hemchand Patel as a Director of the Company in the casual vacancy caused by the resignation of Mr. M.J. Parekh. Mr. Sunil Hemchand Patel, holds office up to the date of this meeting and is eligible for appointment (and in respect of whom Notice in writing under section 160 of the Companies Act, 2013 has been received from a member by the Company) as a Director of the Company and is liable to retire by rotation.

The Board of Directors, at its meeting held on 01st November, 2013, has appointed Mr. Prasad Bhalchandra Kanekar as a Director of the Company in the casual vacancy caused by the resignation of Mr, K.C. Mehta. Mr. Prasad Bhalchandra Kanekar, holds office upto the date of this meeting and is eligible for appointment (and in respect of whom Notice in writing under sectionl60 of the Companies Act, 2013 has been received from a member by the Company) as a Director of the Company and is liable to retire by rotation.

The Board of Directors, at its meeting held on 01st November, 2013, has appointed Mr. Anwar Chauhan as a Director of the Company, in the casual vacancy caused by the resignation of Mr. K.C. Mehta. Mr. Anwar Chauhan, holds office upto the date of this meeting and is eligible for appointment (and in respect of whom Notice in writing under section 160 of the Companies Act, 2013 has been received from a member by the Company) as a Director of the Company and is liable to retire by rotation.

Mr, K.C. Mehta and Mr. M.J. Parekh have tendered their resignations vide dated 11th November, 2013 from Directorship and Mr. T.K. Gowrishankar has tendered his resignation vide letter dated 31st March, 2014 from Directorship. The Board would like to place on record their appreciations for the valuable contributions made by Mr. K.C. Mehta, Mr. M.J. Parekh and Mr. T.K. Gowrishankar during their tenure as Directors of the Board.

Pursuant to section 255 of the Companies Act, 1956, Mr. Anwar Chauhan is liable to retires by rotation and being eligible offer himself for re-appointment.

DIRECTORS'' RESPONSIBILITY STATEMENT:

The Directors confirm:-

a. that in the preparation of the annual accounts, the applicable accounting standards have been followed and that no material departures have been made from the same;

b. that they 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 period;

c. that they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d. that they have prepared the annual accounts on a going concern basis.

COMPLIANCE CERTIFICATE:

In accordance with section 383A of the Companies Act, 1956, and Companies (Compliance Certificate) Rules, 2001, the Company has obtained a certificate from a Company Secretary in whole time practice confirming that the Company has complied with all the provisions of the Companies Act, 1956 and a copy of such certificate is annexed to this Report.

AUDITORS'' REPORT REMARK:

Report of Auditors'' is self explanatory and does not require further elucidation.

AUDITORS:

M/s. Rdjendra & Company, Chartered Accountants, Mumbai, the Auditors of the Company hold office, upto the date of the conclusion of ensuing Annual General Meeting and are eligible for re-appointment. The Company has received the confirmation from the retiring Auditors that their appointment, if made at the Annual General Meeting would be within the limit stipulated under section 141(3)(9) of the Companies Act, 2013.

ACKNOWLEDGEMENTS:

The Directors take this opportunity to thank the Bankers for their continued help and co-operation. The Directors would also like to place on record the appreciation of the services rendered by the employees at all levels.

BY ORDER OF THE BOARD OF DIRECTORS For ALNA TRADING AND EXPORTS LIMITED

S.H. PATEL PLACE : MUMBAI (CHAIRMAN) DATED : 30th MAY, 2014 DIN: 02614134

REGISTERED OFFICE: Allana House, Allana Road, Colaba. Mumbai - 400 001.


Mar 31, 2013

To, The Members of M/s. ALNA TRADING AND EXPORTS LIMITED

Mumbai.

The Directors have pleasure in submitting their 31st Annnal Report together with the Audited Statements of Accounts for the year ended 31st March, 2013.

FINANCIAL RESULTS: For the current For the previous year ended year ended 31.03.2013 31.03.2012 (Amount in Rs.) (Amount in Rs.)

Gross Revenue 12,672,300 9,275,068

Profit for the period before Depreciation and 2,36,583 3,15,349 Taxation

Less: Depreciation 36,850 38,905

Profit before tax 1,99,733 2,76,444

Provision for Taxation

Current Tax 32,600 57,000

Deferred Tax (162) 32,438 (198) 56,802

(Excess) / Short tax provision for earlier years - 14.749

Profit after Tax 1.67,295 2,04,893

Add/(Less) : Brought forward profit of earlier year 1,36,79,211 1,34,74,318

Balance carried forward to Balance Sheet 1,38,46,506 1,36,79,211

REVIEW OF OPERATIONS:

During the year under Report, the turnover of the company amounted to Rs.1,26,72,300/- as compared to the previous year turnover of Rs.92,75,068/-. Other income amounted to Rs.95,6 /3/-as against Rs.3,82,772/- in the previous year.

Net Profit for the year is Rs.1.67 lacs as compared to Rs.2.05 lacs in the previous year.

DIVIDEND:

With a view to strengthen the financial position of the Company and to retain funds required for the operations of the Company the Directors have not recommended any dividend out of the current year''s profit

FIXED DEPOSITS:

The Company does not have any deposits remaining unclaimed and/or claimed but not paid for which information is required to be given in this Report.

CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO;

Information pursuant to section 2I7(l)(e) of the Companies Act, 1956 read with the Companies Act, 1956 (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988, relating to Conservation of Energy and Technology Absorption is not applicable to your Company, hence no information is disclosed in this regard.

The Company has however earned Foreign Exchange of Rs.1,24,19,778/- (Previous Year Rs. 88,80,221/-) and did not incurred any Foreign Exchange outgo during the current year as given in Note 20 of notes forming part of accounts.

PARTICULARS OF EMPLOYEES:

The Company has not paid any Salary above the prescribed limit to any of its employees, for which the statement is required to be appended to this Report.

DIRECTORATE: .

Pursuant to section 255 of the Companies Act, 1956, Mr. T.K. Gowrishankar is liable to retires by rotation and being eligible offer himself for re-appointment*

DIRECTORS'' RESPONSIBILITY STATEMENT:

The Directors confirm

a. that in the preparation of the annual accounts, the applicable accounting standards have been followed and that no material departures have been made from the same;.

b. that they 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 period;

c. that they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d. that they have prepared the annual accounts on a going concern basis.

COMPLIANCE CERTIFICATE:

In accordance with section 383A of the Companies Act, 1956, and Companies (Compliance Certificate) Rules, 2001, the Company has obtained a certificate from a Company Secretary in whole time practice confirming that the Company has complied with all the provisions of the Companies Act, 1956 and a copy of such certificate is annexed to this Report.

AUDITORS'' REPORT REMARK:

Report of Auditors'' is self explanatory and does not require further elucidation.

AUDITORS: ,

M/s. Rajendra & Company, Chartered Accountants, Mumbai, the Auditors of the Company hold office, up to the date of the conclusion of ensuing Annual General Meeting and are eligible for re- appointment. The Company has received the confirmation from the retiring Auditors that their appointment, if made at the Annual General Meeting would be within the limit stipulated under section 224(1B) of the Companies Act, 1956.

ACKNOWLEDGEMENTS: .

The Directors take this opportunity to thank the Bankers for their continued help and co-operation. The Directors would also like to place on record the appreciation of the services rendered by the employees at all levels.

FOR AND ON BEHALF OF THE BOARD

For ALNA TRADING AND EXPORTS LIMITED PLACE: MUMBAI

DATED: 28th MAY, 2013 (CHAIRMAN)

REGISTERED OFFICE :

Allana House, .

Allana Road,

Colaba,

Mumbai-400 001.


Mar 31, 2012

To, The Members of M/s. ALNA TRADING AND EXPORTS LIMITED

Mumbai.

The Directors have pleasure in submitting their 30th Annual Report together with the Audited Statements of Accounts for the year ended 31st March, 2017.

FINANCIAL RESULTS For the current For the previous year ended year ended 31.03.2012 31.03.2011 (Rs.) (Rs.)

Gross Revenue 92,37,849 1,32,07,464

Profit for the period before Depreciation and 3,15,349 2,07,014

Taxation

Less: Depreciation 38.905 41.093

Profit before tax 2,76,444 1,65,921

Provision for Taxation

Current Tax 57,000 4,000

Deferred Tax (198) 56,802 2.080 6,080

(Excess) / Short tax provision for earlier years 14.749 1.985

Profit after Tax 2,04,893 1,57,856

Add/(Less): Brought forward profit of earlier year 1.34.74.318 1.33.16.462

Balance earned forward to Balance Sheet 1,36,79,211 1,34,74,318

REVIEW OF OPERATIONS:

During the year under Report, the turnover of the company amounted to Rs.92,37,849/- as compared to the previous year turnover of Rs.1,32,07,464/-. Other income amounted to Rs.3,82,772/-as against Rs. 63,782/- in the previous year.

Gross Profit before Depreciation and Taxation is Rs.2.76 lacs as compared to Rs. 1.66 lacs in the previous year.

Contd 21-

DIVIDEND:

With a view to strengthen the financial position of the Company and to retain funds required for the operations of the Company the Directors have not recommended any dividend out of the current year''s profit .

FIXED DEPOSITS;

The Company does not have any deposits remaining unclaimed and/or claimed but not paid for which information is required to be given in this Report.

CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION. FOREIGN EXCHANGE EARNINGS AND OUTGO:

Information pursuant to Section 217(l)(e) of the Companies Act, 1956 read with the Companies Act, 1956 (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988, relating to Conservation of Energy and Technology Absorption is not applicable to your Company, hence no information is disclosed in this regard.

The Company has however earned Foreign Exchange of Rs.88,80,221/- (Previous Year Rs. 1,25,33,825/-) and did not incurred any Foreign Exchange outgo during the current year as given in Note 22 of notes forming port of accounts.

PARTICULARS OF EMPLOYEES:

The Company has not paid any Salary above the prescribed limit to any of its employees, for which the statement is required to be appended to this Report.

DIRECTORATE;

Pursuant to Section 255 of the Companies Act, 1956, Mr. MJ. Parekh is liable to retires by rotation and being eligible offer himself for re-appointment,

DIRECTORS'' RESPONSIBILITY STATEMENT:

The Directors confirm

a) that in the preparation of the annual accounts, the applicable accounting standards have been followed and that no material departures have been made from the same;.

b) that they 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 period;

c) that they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d) that they have prepared the annual accounts on a going concern basis.

COMPLIANCE CERTIFICATE:

In accordance with Section 383A of the Companies Act, 1956, and Companies (Compliance Certificate) Rules, 2001, the Company has obtained a certificate from a Company Secretary in whole time practice confirming that the Company has complied with all the provisions of the Companies Act, 1956 and a copy of such certificate is annexed to this Report.

AUDITORS'' REPORT REMARK;

Report of Auditors'' is self explanatory and does not require further elucidation.

AUDITORS;

M/s. Rajendra & Company, Chartered Accountants, Mumbai, the Auditors of the Company hold office, up to die date of the conclusion of ensuing Annual General Meeting and are eligible for re- appointment. Hie Company has received the confirmation from the retiring Auditors that their appointment, if made at the Annual General Meeting would be within the limit stipulated under Section 224(1B) of the Companies Act, 1956.

ACKNOWLEDGEMENTS:

The Directors take this opportunity to thank the Bankers for their continued help and co-operation. The Directors would also like to place on record the appreciation of the services rendered by the employees at all levels.

FOR AND ON BEHALF OF THE BOARD For ALNA TRADING AND EXPORTS LIMITED



PLACE: MUMBAI

DATED: 30th MAY, 2012 (CHAIRMAN)



REGISTERED OFFICE:

Allana House,

Allana Road, .

Colaba,

Mumbai-400 001.


Mar 31, 2010

The Directors have pleasure in submitting their 28th Annual Report together with the Audited Statements of Accounts for the year ended 31st March. 2010.

FINANCIAL RESULTS: For the current For the previous year ended year ended 31.03.2010 31.03.2009 (Rs.) (Rs.)

Gross Revenue 1,22,98,960 1,52,29,393

Profit for the period before Depreciation and 1,12,129 6,52,729 Taxation

Less: Depreciation 43.417 45,890

Profit before tax 68,712 6,06,839

Provision for Taxation

Current Tax 3,100 1,85,000

Deferred Tax 288 15,335

Fringe Benefit Tax - 3.388 700 2,01.035

65,324 4,05,804

(Excess) / Short tax provision for earlier years 2.161 (46.4771

Profit after Tax 63,163 4,52,281

Add/(Less) : Brought forward profit of earlier year 1.32.53.297 1.28.01.015

Balance carried forward to Balance Sheet 1,33,16,461 1,32,53,297

REVIEW OF OPERATIONS:

During the year under Report, the turnover of the Company amounted.to Rs. 1,15,17,458/- as compared to the previous year turnover of Rs. 1,45,95,729/-. Other income amounted to Rs.7,81,502/- as against Rs.6,33,664/- in the previous year.

Gross Profit before Depreciation and Taxation is Rs.1.12 lacs as compared to Rs.6.52 lacs in the previous year.

Net Profit for the year is Rs.0.63 lacs as compared to Rs.4.52 lacs in the previous year.

DIVIDEND:

With a view to strengthen the financial position of the Company and to retain funds required for the operations of the Company the Directors have not recommended any dividend out of the current years profit.

FIXED DEPOSITS:

The Company does not have any deposits remaining unclaimed and/or claimed but not paid for which information is required to be given in this Report.

CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO:

Information pursuant to Section 217(l)(e) of the Companies Act, 1956 read with the Companies Act, 1956 (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988, relating to Conservation of Energy and Technology Absorption is not applicable to your Company, hence no information is disclosed in this regard.

The Company has however earned Foreign Exchange of Rs.l, 13,73,572/- (Previous Year Rs.1,35,94,025/-) and did not incurred any Foreign Exchange outgo during the current year as given in Note 12 of Schedule J on Notes forming part of accounts.

PARTICULARS OF EMPLOYEES:

The Company has not paid any Salary above the prescribed limit to any of its employees, for which the statement is required to be appended to this Report.

DIRECTORATE:

Pursuant to Section 255 of the Companies Act, 1956, Mr. K.C. Mehta is liable to retires by rotation and being eligible offer himself for re-appointment.

DIRECTORS RESPONSIBILITY STATEMENT:

The Directors confirm :-

a) that in the preparation of the annual accounts, the applicable accounting standards have been followed and that no material departures have been made from the same;.

b) that they 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 period;

c) that they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d) that they have prepared the annual accounts on a going concern basis.

COMPLIANCE CERTIFICATE:

In accordance with Section 383A of the Companies Act, 1956, and Companies (Compliance Certificate) Rules, 2001, the Company has obtained a certificate from a Company Secretary in whole time practice confirming that the Company has complied with all the provisions of the Companies Act, 1956 and a copy of such certificate is annexed to this Report.

AUDITORS REPORT REMARK:

Report of Auditors is self explanatory and does not require further elucidation.

AUDITORS:

M/s. Rajendra & Company, Chartered Accountants, Mumbai, the Auditors of the Company hold office, upto the date of the conclusion of ensuing Annual General Meeting and are eligible for re- appointment. The Company has received the confirmation from the retiring Auditors that their appointment, if made at the Annual General Meeting would be within the limit stipulated under Section 224(1B) of the Companies Act, 1956.

ACKNOWLEDGEMENTS:

The Directors take this opportunity to thank the Bankers for their continued help and co-operation. The Directors would also like to place on record the appreciation of the services rendered by the employees at all levels.

FOR AND ON BEHALF OF THE BOARD For ALNA TRADING AND EXPORTS LIMITED

PLACE : MUMBAI

DATED: 29th MAY, 2010 (CHAIRMAN)

REGISTERED OFFICE :

Allana House,

Allana Road,

Colaba,

Mumbai-400 001.

 
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