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Directors Report of Dhyana Finstock Ltd.

Mar 31, 2014

Dear members,

The Directors have pleasure in presenting the Annual Report together with the Audited Statement of Accounts for the year ended 31st March, 2014.

* FINANCIAL RESULTS:

The summarized financial results for the year ended 31st March, 2014 are as under:

(Rs. in Lacs)

Particulars 2013-2014 2012-2013

1. Profit before Interest, Depreciation and Tax 133.08 9.53

2. Interest - -

3. Depreciation - -

4. Profit (Loss) Before Tax 36.50 9.53

5. Provision for taxation 0.00 0.00

6. Profit (loss) after Tax 36.50 9.53

* DIRECTORS:

Mr. Purvesh Chauhan director of the Company retires by rotation at this annual general meeting and being eligible, offers himself for reappointment. The board of directors recommends the appointment of the directors.

* DIVIDEND:

Your director do not recommend dividend for the year.

* PUBLIC DEPOSITS:

The company has not accepted the fixed deposits during the year under report.

* AUDITORS:

To re-appoint M/s. Ashok Rajpara & Associates, Chartered Accountants as an auditor of the company up to conclusion of next annual general meeting.

* AUDITORS REPORT:

The Auditors report is self-explanatory and so far, there is no negative remark by the Auditors.

* DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to the requirement under section 217 (2AA) of the Companies Amendment Act, 2000 with respect to Director Responsibility Statement it is hereby confirmed:

1. That in the preparation of the annual accounts for the financial year ended 31st March, 2014 the applicable accounting standards had been followed along with proper explanation relating to material departures.

2. That the directors had selected such accounting policies and applied them consistently and made judgments and estimates that were 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 loss of the Company for the year under review.

3. That the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provision of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

4. That the directors had prepared the accounts for the financial year ended 31st March, 2014 on a going concern basis.

* PARTICULARS OF THE EMPLOYEES:

The Company has no employee to whom the provision of Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 apply and so it is not applicable to the company.

* CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUT GO:

The additional information required under Section 217(1)(e) of the Companies Act, 1956 relating to Conservation of energy, technology absorption and foreign exchange earnings or outgoes is not applicable.

* MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

Management discussion and analysis are covered in a separate report annexed hereto and marked as Annexure "A"

* CORPORATE GOVERNANCE:

A separate report on corporate governance is enclosed as a part of this annual report. Requisite Certificate from the Auditors of the company regarding compliance of Corporate Governance as stipulated under clause 49 of the Listing agreement is annexed to the report of the corporate governance. Adequate steps to ensure compliance of all mandatory provisions of corporate Governance as provided in the listing agreements of the Stock Exchanges with the Company.

* APPRICIATION:

The Directors wish to thank and deeply acknowledge the cooperation and assistance received from the Bankers, Suppliers and shareholders. The Director also wishes to place on record their appreciation of the devoted services of employees of the Company.

DATE: 01/09/2014 FOR AND ON BEHALF OF THE PLACE: AHMEDABAD BOARD OF DIRECTORS

SD/- SD/- DIRECTOR DIRECTOR


Mar 31, 2013

Dear Members,

The Directors have pleasure in presenting the Annual Report together with the Audited Statement of Accounts for the year ended 31st March, 2014.

- FINANCIAL RESULTS:

The summarized financial results for the year ended 31st March, 2014 are as under:

(Rs. in Lacs)

Particulars 2013-2014 2012-2013

1. Profit before Interest, Depreciation and Tax 133.08 9.53

2. Interest - -

3. Depreciation - -

4. Profit (Loss) Before Tax 36.50 9.53

5. Provision for taxation 0.00 0.00

6. Profit (loss) after Tax 36.50 9.53

- DIRECTORS:

Mr. Purvesh Chauhan director of the Company retires by rotation at this annual general meeting and being eligible, offers himself for reappointment. The board of directors recommends the appointment of the directors.

- DIVIDEND:

Your director do not recommend dividend for the year.

- PUBLIC DEPOSITS:

The company has not accepted the fixed deposits during the year under report.

- AUDITORS:

To re-appoint M/s. Ashok Rajpara & Associates, Chartered Accountants as an auditor of the company up to conclusion of next annual general meeting.

- AUDITORS REPORT:

The Auditors report is self-explanatory and so far, there is no negative remark by the Auditors.

- DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to the requirement under section 217 (2AA) of the Companies Amendment Act, 2000 with respect to Director Responsibility Statement it is hereby confirmed:

1. That in the preparation of the annual accounts for the financial year ended 31st March, 2014 the applicable accounting standards had been followed along with proper explanation relating to material departures.

2. That the directors had selected such accounting policies and applied them consistently and made judgments and estimates that were 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 loss of the Company for the year under review.

3. That the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provision of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

4. That the directors had prepared the accounts for the financial year ended 31st March, 2014 on a going concern basis.

- PARTICULARS OF THE EMPLOYEES:

The Company has no employee to whom the provision of Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 apply and so it is not applicable to the company.

- CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUT GO:

The additional information required under Section 217(1)(e) of the Companies Act, 1956 relating to Conservation of energy, technology absorption and foreign exchange earnings or outgoes is not applicable.

- MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

Management discussion and analysis are covered in a separate report annexed hereto and marked as Annexure "A"

- CORPORATE GOVERNANCE:

A separate report on corporate governance is enclosed as a part of this annual report. Requisite Certificate from the Auditors of the company regarding compliance of Corporate Governance as stipulated under clause 49 of the Listing agreement is annexed to the report of the corporate governance. Adequate steps to ensure compliance of all mandatory provisions of corporate Governance as provided in the listing agreements of the Stock Exchanges with the Company.

- APPRICIATION:

The Directors wish to thank and deeply acknowledge the cooperation and assistance received from the Bankers, Suppliers and shareholders. The Director also wishes to place on record their appreciation of the devoted services of employees of the Company.

DATE: 01/09/2014 FOR AND ON BEHALF OF THE

PLACE: AHMEDABAD BOARD OF DIRECTORS

SD/- SD/-

DIRECTOR DIRECTOR


Mar 31, 2011

The Members Parth Finstock Ltd.

The Directors have pleasure in presenting the Annual Report together with the Audited Statement of Accounts for the year ended 31st March, 2011.

FINANCIAL RESULTS:

The summarized financial results for the year ended 31st March, 2011 are as under:

(Rs. in Lacs)

Particulars 2010-2011 2009-10

1. Profit before Interest, Depreciation and Tax 0.00 0.00

2. Interest -- --

3. Depreciation -- --

4. Profit (Loss) Before Tax (0.068) (0.035)

5. Provision for taxation 0.00 0.00

6. Profit (loss) after Tax (0.068) (0.035)

DIRECTORS:

Vishal Mistry director of the Company retires by rotation at this annual general meeting and being eligible, offers himself for reappointment. The board of directors recommends the appointment of the directors.

DIVIDEND:

Your director do not recommend dividend for the year.

FIXED DEPOSITS:

The company has not accepted the fixed deposits during the year under report. AUDITORS:

Sangawat & Associates, Auditors of the Company retires at the conclusion of this Annual General Meeting and appoint M/s. Bipinchandra J. Modi & Co., Chartered Accountants as an auditor of the company up to conclusion of next annual general meeting.

AUDITORS REPORT:

The Auditors report is self-explanatory and so far, there is no negative remark by the Auditors.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to the requirement under section 217 (2AA) of the Companies Amendment Act, 2000 with respect to Director Responsibility Statement it is hereby confirmed:

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

2. That the directors had selected such accounting policies and applied them consistently and made judgments and estimates that were 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 loss of the Company for the year under review.

3. That the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provision of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

4. That the directors had prepared the accounts for the financial year ended 31st March, 2011 on a going concern basis.

PARTICULARS OF THE EMPLOYEES:

The Company has no employee to whom the provision of Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 apply and so it is not applicable to the company.

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

The additional information required under Section 217(1)(e) of the Companies Act, 1956 relating to Conservation of energy, technology absorption and foreign exchange earnings or outgoes is not applicable.

ACKNOWLEDGMENT:

The Directors wish to thank and deeply acknowledge the cooperation and assistance received from the Bankers, Suppliers and shareholders. The Director also wishes to place on record their appreciation of the devoted services of employees of the Company.

DATE: 04.09.2011 FOR AND ON BEHALF OF THE

PLACE: AHMEDABAD BOARD OF DIRECTORS

Sd/-

CHAIRMAN





 
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