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Directors Report of East Buildtech Ltd.

Mar 31, 2014

Dear members,

The Directors have pleasure in presenting the 30th Annual Report and Audited Balance Sheet as at 31st March, 2014 and the Profit & Loss Account for the period ended as on that date.

FINANCIAL RESULTS :

Particulars 31.03.2014 31.03.2013 (Rs. in lacs) (Rs. in lacs)

Total Revenue 80.01 127.91 Profit before Tax 17.31 28.87 Profit for the period 11.70 19.45

OPERATION

As reported earlier, the Company completed the construction work of its commercial-cum-shopping complex at Noida using the modern technologies and facilities.

DIVIDEND

Considering the facts and prevailing circumstances, the Board of Directors of the Company has not recommended any dividend for the year.

DIRECTORS

Shri Suresh Kumar Goenka, (DIN- 01137986) Director is to retire by rotation at the ensuing Annual General Meeting and being eligible offers himself for re-appointment. FIXED DEPOSITS

Your company has not invited / accepted any fixed deposits as stipulated under Section 58A of the Companies Act, 1956.

AUDITORS

M/s. Doogar & Associates, Chartered Accountants, Auditors of the Company are retiring at the conclusion of the 29th Annual General Meeting. And special Notice has been received from the M/s Marwari Investment Pvt. Ltd, as a member of the Company, proposing a resolution at the forthcoming Annual general Meeting for the appointment of B K Shroff & Co., New Delhi, Statutory Auditor of the Company in place of M/s Doogar & Associates.

A resolution proposing appointment of M/s B.K. Shroff & Co. (FRN 302166E ) as the Statutory Auditors of the Company pursuant to Section 139 of the Companies Act, 2013 forms part of the Notice. The Company has received a Certificate from the proposed Auditors to the effect that their appointment, if made, would be in accordance with Section 139(1) of the Companies Act, 2013 and the rules made there under, as may be applicable.

M/s Doogar & Associates, Chartered Accountant, New Delhi, over many years, have successfully met the challenge that the size and scale of The Company Company''s operations pose auditors and have maintained the highest level of governance, rigour and quality of their Audit. The Board place on record its appreciation for the services rendered by the M/s Doogar & Associates as a Statutory Auditor of the Company.

AUDITORS'' REPORT

Auditors'' observations are self explanatory and are suitably explained in the notes to the accounts.

LISTING OF SECURITIES

The securities of the Company are presently listed on Bombay Stock Exchange.

SHARE TRANSFER SYSTEM:

M/s. Beetal Financial & Computer Services (P) Limited engaged by the Company is acting as Registrar and Share Transfer Agents of the Company. Transfers, Transmission etc. of shares are approved by the Shareholders/lnvestors Grievance Committee of Directors which meets at a regular interval.

PARTICULARS OF EMPLOYEES:

No employee of the Company is in receipt of excess remuneration of the limits as stipulated under Section 217 (2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975.

CORPORATE GOVERNANCE-CLAUSE 49 OF THE LISTING AGREEMENT:

In compliance with Clause 49 of the Listing Agreement with the Stock Exchange, a report on Corporate Governance along with Auditors certificate regarding compliance of Corporate Governance as stipulated under Clause 49 of the Listing Agreement and Management Discussion and Analysis are annexed as a part of this Annual Report.

SECRETARIAL COMPLIANCE CERTIFICATE

Secretarial Compliance Certificate pursuant to section 383A of the Companies Act, 1956 issued by N. Agarwal & Associates, Company Secretaries is annexed herewith.

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

As stipulated under Section 217(1) (e) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988, information is enclosed.

DIRECTORS'' RESPONSIBILITY STATEMENT :

In compliance with Section 217 (2AA) of the Companies Act, 1956, it is hereby confirmed:-

(i) (i) That in the preparation of the accounts for the financial year ended 31st March 2014 the applicable accounting standards have been followed along with proper explanations relating to material departure;

(ii) 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 the profit and loss of the Company for the year ended under review;

(iii) That the Directors had 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; and

(iv) That the Directors had prepared the accounts for the financial year ended 31st March 2014 on a going concern basis except to the extent as noted in the Auditors'' Report.

ACKNOWLEDGMENT :

Your Directors place on record, their sincere thanks to the Bankers of the Company and all the employees for their co-operation and support.

For and on behalf of the Board Place : New Delhi MADHUSUDAN CHOKHANI Date : 30/07/2014 Chairman DIN-00307234


Mar 31, 2013

To The Members

The Directors have pleasure in presenting the 29th Annual Report and Audited Balance Sheet as at 31st March, 2013 and the Profit & Loss Account for the period ended as on that date.

FINANCIAL RESULTS :

Particulars 31.03.2013 31.03.2012 (Rs. in lacs) (Rs. in lacs)

Total Revenue 127.91 229.16

Profit before Tax 28.87 31.94

Profit for the period 19.45 21.93

OPERATION

As reported earlier, the Company completed the construction work of its commercial-cum-shopping complex at Noida using the modern technologies and facilities. DIVIDEND

Considering the facts and prevailing circumstances, the Board of Directors of the Company has not recommended any dividend for the year.

DIRECTORS

Shri Madhusudhan Chokhani, Director is to retire by rotation at the ensuing Annual General Meeting and being eligible offers himself for re-appointment.

RXED DEPOSITS

Your company has not invited / accepted any fixed deposits as stipulated under Section 58A of the Companies Act, 1956.

AUDITORS

M/s. Doogar & Associates, Chartered Accountants, the Auditors of the Company will retire at the conclusion of the ensuing Annual General Meeting and being eligible offer themselves for re- appointment.

AUDITORS'' REPORT

Auditors'' observations are self explanatory and are suitably explained in the notes to the accounts.

LISTING OF SECURITIES

The securities of the Company are presently listed on Bombay Stock Exchange.

SHARE TRANSFER SYSTEM:

M/s. Beetal Financial & Computer Services (P) Limited engaged by the Company is acting as

Registrar and Share Transfer Agents of the Company. Transfers, Transmission etc. of shares are approved by the Shareholders/Investors Grievance Committee of Directors which meets at a regular interval.

PARTICULARS OF EMPLOYEES:

No employee of the Company is in receipt of excess remuneration of the limits as stipulated under Section 217 (2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975.

CORPORATE GOVERNANCE-CLAUSE 49 OF THE LISTING AGREEMENT:

In compliance with Clause 49 of the Listing Agreement with the Stock Exchange, a report on Corporate Governance along with Auditors certificate regarding compliance of Corporate Governance as stipulated under Clause 49 of the Listing Agreement and Management Discussion and Analysis are annexed as a part of this Annual Report.

SECRETARIAL COMPLIANCE CERTIFICATE

Secretarial Compliance Certificate pursuant to section 383A of the Companies Act, 1956 issued by N. Agarwal & Associates, Company Secretaries is annexed herewith.

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

As stipulated under Section 217(1) (e) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988, information is enclosed.

DIRECTORS'' RESPONSIBILITY STATEMENT :

In compliance with Section 217 (2AA) of the Companies Act, 1956, it is hereby confirmed:-

(i) That in the preparation of the accounts for the financial year ended 31st March 2013 the applicable accounting standards have been followed along with proper explanations relating to material departure;

(ii) 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 the profit and loss of the Company for the year ended under review;

(iii) That the Directors had 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; and

(iv) That the Directors had prepared the accounts for the financial year ended 31st March 2013 on a going concern basis except to the extent as noted in the Auditors'' Report.

ACKNOWLEDGMENT :

Your Directors place on record, their sincere thanks to the Bankers of the Company and all the employees for their co-operation and support.

For and on behalf of the Board

Place : New Delhi MADHUSUDAN CHOKHANI

Date : 31-07-2013 Chairman

DIN-00307234


Mar 31, 2012

The Directors have pleasure in presenting the 28th Annual Report and Audited Balance Sheet as at 31st March, 2012 and the Profit & Loss Account for the period ended as on that date.

FINANCIAL RESULTS :

Particulars 31.03.2012 31.03.2011

(Rs. in lacs) (Rs. in lacs)

Total Revenue 229.16 121.78

Profit before Tax 31.94 3.38

Profit for the period 21.93 6.54

OPERATION

As reported earlier, the Company completed the construction work of its commercial-cum-shopping complex at Noida using the modern technologies and facilities.

DIVIDEND

Considering the facts and prevailing circumstances, the Board of Directors of the Company has not recommended any dividend for the year.

DIRECTORS

Shri Vivek Garg, Director is to retire by rotation at the ensuing Annual General Meeting and being eligible offers himself for re-appointment.

FIXED DEPOSITS

Your company has not invited/accepted any fixed deposits as stipulated under Section 58A of the Companies Act, 1956.

AUDITORS

M/s. Doogar & Associates, Chartered Accountants, the Auditors of the Company will retire at the conclusion of the ensuing Annual General Meeting and being eligible offer themselves for re- appointment.

AUDITORS' REPORT

Auditors' observations are self explanatory and are suitably explained in the notes to the accounts.

LISTING OF SECURITIES

The securities of the Company are presently listed on Bombay Stock Exchange.

SHARE TRANSFER SYSTEM:

M/s. Beetal Financial & Computer Services (P) Limited engaged by the Company is acting as Registrar and Share Transfer Agents of the Company. Transfers, Transmission etc. of shares are approved by the Shareholders/Investors Grievance Committee of Directors which meets at a regular interval.

PARTICULARS OF EMPLOYEES:

No employee of the Company is in receipt of excess remuneration of the limits as stipulated under Section 217 (2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975.

CORPORATE GOVERNANCE-CLAUSE 49 OF THE LISTING AGREEMENT:

In compliance with Clause 49 of the Listing Agreement with the Stock Exchange, a report on Corporate Governance along with Auditors certificate regarding compliance of Corporate Governance as stipulated under Clause 49 of the Listing Agreement and Management Discussion and Analysis are annexed as a part of this Annual Report.

SECRETARIAL COMPLIANCE CERTIFICATE

Secretarial Compliance Certificate pursuant to section 383A of the Companies Act, 1956 issued by VLA & Associates, Company Secretaries is annexed herewith.

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

As stipulated under Section 217(1)(e) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988, information is enclosed.

DIRECTORS' RESPONSIBILITY STATEMENT :

In compliance with Section 217 (2AA) of the Companies Act, 1956, it is hereby confirmed:-

(i) That in the preparation of the accounts for the financial year ended 31st March 2012 the applicable accounting standards have been followed along with proper explanations relating to material departure;

(ii) 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 the profit and loss of the Company for the year ended under review;

(iii) That the Directors had 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; and

(iv) That the Directors had prepared the accounts for the financial year ended 31st March 2012 on a going concern basis except to the extent as noted in the Auditors' Report.

ACKNOWLEDGMENT :

Your Directors place on record, their sincere thanks to the Bankers of the Company and all the employees for their co-operation and support.

For and on behalf of the Board

MADHUSUDAN CHOKHANI Chairman DIN-00307234

Place : New Delhi Date : 30-07-2012


Mar 31, 2010

The Directors have pleasure in presenting the 26th Annual Report and Audited Statement of Accounts for the year ended on 31st March, 2010.

FINANCIAL RESULTS :



31.03.2010 31.03.2009 (Rs. in lacs) (Rs. in lacs)

Total Income 179.59 153.37

Profit before Tax 26.22 4.81

Profit after tax (PAT) 18.88 0.38

OPERATION :

As reported earlier, the Company completed the construction work of its commercial-cum-shopping complex at Noida using the modern technologies and facilities. The Company is working on industrial and dedicated township projects at Bokaro where the work has already started.

DIVIDEND

In view of the present financial position and prevailing circumstances, the Board of Directors of the Company have not recommended any dividend for the year.

DIRECTORS

Sh. Vivek Garg, Director is to retire by rotation at the ensuing Annual General Meeting and being eligible offers himself for re-appointment.

FIXED DEPOSITS

Your company has not invited / accepted any fixed deposits as stipulated under Section 58A of the Companies Act, 1956.

AUDITORS

M/s Doogar & Associates, Chartered Accountants, the Auditors of the Company will retire at the conclusion of the ensuing Annual General Meeting and being eligible offer themselves for re- appointment.

AUDITORS REPORT

Auditors observations are self explanatory and are suitably explained in the notes to the accounts.

LISTING OF SECURITIES

The securities of the Company are presently listed on Bombay Stock Exchange.

DIRECTORS RESPONSIBILITY STATEMENT :

In compliance with Section 217 (2AA) of the Companies Act, 1956, it is hereby confirmed:- (i) That in the preparation of the accounts for the financial year ended 31st March 2010 the applicable accounting standards have been followed along with proper explanations relating to material departure;

(ii) 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 the profit and loss of the company for the year ended under review;

(iii) That the Directors had 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; and

(iv) That the Directors had prepared the accounts for the financial year ended 31st March 2010 on a going concern basis except to the extent as noted in the Auditors Report.

CORPORATE GOVERNANCE :

In compliance with Clause 49 of the Listing Agreement with the Stock Exchanges, a report on Corporate Governance is annexed forming part of this report.

PARTICULARS OF CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS & OUTGO.

Information pursuant to Section 217(1) (e) of the Companies Act, 1956, read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988, is set out in the annexure and forms a part of this Report.

PARTICULARS OF EMPLOYEES :

No employee who was in receipt of remuneration in excess as provided Under Section 217(2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees) Rules, 1975

ACKNOWLEDGMENT :

Your Directors place on record, their sincere thanks to the Bankers of the Company and all the employees for their co-operation and support.



for and on behalf of the Board

Place : New Delhi MADHUSUDAN CHOKHANI

Date : 30-07-2010 Managing Director

DIN-00307234

 
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