Directors Report of Ardi Investment & Trading Company Ltd.

Mar 31, 2011

The Directors are pleased to present the Annual Report Report together with Audited Financial Accounts for the year ended 31st March, 2011.

FINANCIAL HIGHLIGHTS:

CURRENT PREVIOUS PARTICULARS YEAR YEAR AMOUNT AMOUNT (Rs.) (Rs.)

Profit After Tax [2,20,120) 79,179

Balance Brought Forward (6,809,751) (6,877,153)

Surplus Available For Appropriation (7,029,871) (6,809,751)

Appropriations 0 9

Surplus Carried Forward (7,029,871) (6,809,751)

DIVIDEND:

No dividend is declared or recommended by the board of directors of the company during the year.

DIRECTORS:

During the year Mr. Hemanshu Ramniklal Mehta, Ms. Bina Hemanshu Mehta & Mr. Pradeep Dhirajlal Goradia has been appointed as Additional Director of the Company w.e.f April 29th, 2011 & Mr. Udaykumar Prabhudas Shah & Mr. Ashish Prabhudas shah has been appointed as Additional Director of the Company w.e.f August 29th, 2011 pursuant to section 260 of the Companies Act 1956, they hold office upto the date of forthcoming Annual General Meeting. The Director of the Company recommends their appointment.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to the requirement under section 217 (2AA) of the Companies Act, 1956 with respect to Director''s Responsibility Statement, it is hereby confirmed:

i, That in the preparation of the annual accounts, for the financial year ended 31st March 2011, the applicable accounting standards have been followed along with proper explanation relating to material departures.

ii. That the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that were reasonable and prudent so as to give true and fair view of the state of affairs of the Company as at the end of financial year and of the profit of the company for the year ended on 31st March, / 2011.

iii. That the Directors 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.

iv. That the Directors have prepared the annual accounts for the financial year ended 31st March 2011 on a going concern basis.

CORPORATE GOVERNCES:

Corporate Governance as per Clause 49 of listing Agreement is not applicable to the Company.

PARTICULARS OF EMPLOYEES:

The Company does not have any employee whose particulars are required to be given pursuant to the provision of Section 217(2A)of the Companies Act,1956 read with the Companies (Particular of Employees) Rules, 1975.

ENERGY. TECHNOLOGY & FOREIGN EXCHANGE:

Since Your Company is not engaged in any such activity which requires disclosure under provisions of Section 217(l)(e) of the Companies Act,1956 read with the Companies (Disclosure of particulars in the Report of Board of Directors) Rules,1988 so no information under this head is provided.

DEPOSITS:

Your Company has not accepted any deposit from the public during the period under review.

AUDITORS:

M/S. Ramanand & Associates, Chartered Accountants, Statutory Auditors of the Company retire at the ensuring Annual General Meeting and being eligible offer themselves for re- appointment.

AUDITOR''S REPORT:

The notes to accounts referred to the Auditor''s Report are Self-explanatory and therefore do not calls for any further comment.

KNOWLEDGEMENT:

ours Directors Wish to place on record their deep appreciation for the services rendered by the officers, staff and workers at all level, and their dedication and loyalty.

For & On Behalf of the Board Ardi Investment and Trading Company Limited

Place: Mumbai Chairman

Date: 01st September,2011