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Directors Report of Enbee Trade & Finance Ltd.

Mar 31, 2014

Dear Members,

The Directors present their Twenty Ninth Annual Report and Audited Statement of Accounts for the year ended 31st March 2014.

FINANCIAL RESULTS:

The accounts for the year under review reflect a profit of Rs. 11,39,048/-. The Directors propose to appropriate the same as under:

Profit/(Loss) Before Tax Rs. 11,39,048

Less: - Appropriations Provision for Taxation

Current Tax Rs. 3,52,000

Deferred Tax Rs. 50 Rs. 3,52,050

Profit / (Loss) After Tax Rs. 7,86,998

ADD:- Balance Brought Forward Rs. 1,12,17,260 Rs. 1,12,17,260

Rs. 1,20,04,258

Less : Transfer to Reserve Fund Rs. (1,58,000)

Contingent Provision Rs. 7,100 Rs. 1,61,100

BALANCE CARRIED FORWARD Rs. 1,18,53,358

DIVIDEND:

The Directors regret their inability to recommend any dividend for the year under review.

WORKING & PERFORMANCE:

The performance of the Company was satisfactory during the year under review. The Board of Directors are trying their best to further improve the performance of the Company and are hopeful of better working results in the coming year.

PARTICULARS OF EMPLOYEES:

There is no employee in respect of whom particulars pursuant to Section 217 (2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975; are required to be given.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, RESEARCH AND DEVELOPMENT:

Your Directors are of the opinion that with respect to conservation of energy and technology absorption as per Section 217 (1)(e) read with Companies (Disclosure Particulars in the Report of Board of Directors) Rules, 1988 are not relevant in view of the nature of business activities of the Company and hence, are not required to be given.

FOREIGN EXCHANGE EARNINGS AND OUTGO:

During the year under review, there is no foreign exchange earning, outgo and expenditure.

DIRECTORS RESPONSIBILITY STATEMENT:

The Directors report that:

i) In the preparation of the annual accounts, the applicable accounting standards have been followed.

ii) The Directors 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 and loss account of the company for that period.

iii) The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

iv) The Directors have prepared the annual accounts on a going concern basis.

v) The Directors had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively.

vi) The Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

SECRETARIAL COMPLIANCE CERTIFICATE:

T. S. PAHADE & ASSOCIATES, Company Secretary, Nagpur has issued a Secretarial Compliance Certificate for the FY 2013-14 in terms of Proviso of Sub- Section (1) of Section 383(A) of the Companies Act 1956. The same has been received and attached to the Board Report.

DIRECTORS:

Shri Subhashchandra Amrutlal Chaudhari, retires by rotation and being eligible, offers himself for re-appointment.

Apart from the above, there is no change as regard to the Directorship of the Company.

LISTING OF SHARES:

The Shares of the Company continued to be listed on the Stock Exchange, Mumbai and Madhya Pradesh. The Company has paid the annual listing fee for the financial year 2014-2015.

The Equity Shares of the Company has the Electronic connectivity under ISIN No. INE992I01013. To provide service to the Shareholders, the Company has appointed M/s. Adroit Corporate Services Private Limited, 1st Floor, 19, Jaferbhoy Industrial Estate, Makwana Road, Marol Naka, Mumbai-400 059 as Registrar and Transfer Agent of the Company for existing physical based and allied Secretarial Services for its Members / Investors and for Electronic Connectivity with NSDL and CDSL.

PUBLIC DEPOSITS:

During the period under review, the Company has not accepted any public deposit under Section 58A of the Companies Act, 1956.

AUDITORS:

M/s. B. Chhawchharia & Co., Chartered Accountants, Nagpur Statutory Auditors of the company retires at the conclusion of the ensuing Annual General Meeting and are eligible for re-appointment.

In accordance with the Companies Act, 2013, it is proposed to re-appoint them from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting, subject to the approval of the shareholders. AUDITOR''S REPORT:

The observations made by the Auditors are self-explanatory and does not require any clarification.

ACKNOWLEDGMENT:

Your Directors are grateful to Bankers for their continued support, co-operation and assistance during the year. Your Directors express their thanks for the sincere and dedicated efforts put in by the workers, staff and officers during the year.

For and on behalf of the Board

Registered Office: Imambada Road Nagpur-440 018 W.H. KHATKHEDE S.A. CHAUDHARI PLACE: NAGPUR DIRECTOR DIRECTOR DATED: 11th August, 2014 (DIN : 00511856) (DIN : 00490356)


Mar 31, 2013

The Directors present their Twenty Eighth Annual Report and Audited Statement of Accounts for the year ended 31st March 2013.

FINANCIAL RESULTS:

The accounts for the year under review reflect a profit of 7 10,93,943/-. The Directors propose to appropriate the same as under:

Profit/(Loss) Before Tax 7 10,93,943

Less: - Appropriations

Provision for Taxation

Current Tax 3,39,000

deferred Tax 7 56 7 3,39,056

Profit/ (Loss) After Tax 7,54,887

ADD:- Balance Brought Forward 1,06,23,473 1,06,23,473

Transfer to Reserve Fund 1,51,000 1,13,78,360

Contingent Provision 10,100 1,61,100

BALANCE CARRIED FORWARD 1,12,17,260

DIVIDEND:

The Directors regret their inability to recommend any dividend for the year under review.

WORKING & PERFORMANCE:

The performance of the Company was satisfactory during the year under review. The Board of Directors are trying their best to further improve the performance of the Company and are hopeful of better working results in the coming year.

PARTICULARS OF EMPLOYEES:

There is no employee in respect of whom particulars pursuant to Section 217 (2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975; are required to be given.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION,

RESEARCH AND DEVELOPMENT:

Your Directors are of the opinion that with respect to conservation of energy and technology absorption as per Section 217 (l)(e) read with Companies (Disclosure Particulars in the Report of Board of Directors) Rules, 1988 are not relevant in view of the nature of business activities of the Company and hence, are not required to be given.

FOREIGN EXCHANGE EARNINGS AND OUTGO:

During the year under review, there is no foreign exchange earning, outgo and expenditure.

DIRECTORS RESPONSIBILITY STATEMENT:

As per Provision of Section 217 (2AA) of the Companies Act, 1956, the Directors confirm that:

a. In the preparation of annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures.

b. The accounting policies have been consistently applied and reasonable and prudent judgement and estimates have been made so as to give a true and fair view of the state of affairs of the Company as at 31st March, 2013 and the Profit & Loss account of the Company for the period.

c. Proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 has been taken for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

d. The annual accounts have been prepared on a going concern basis. SECRETARIAL COMPLIANCE CERTIFICATE:

T. S. PAHADE & ASSOCIATES, Company Secretary, Nagpur has issued a Secretarial Compliance Certificate dated 1st July, 2013 in terms of Proviso of Sub- Section (1) of Section 383(A) of the Companies Act 1956. The same has been received and attached to the Board Report.

DIRECTORS:

Shri Rajendra Prasad Mohanka, retires by rotation and being eligible, offers himself for re-appointment.

Apart from the above, there is no change as regard to the Directorship of the Company.

LISTING OF SHARES:

The Shares of the Company continued to be listed on the Stock Exchange, Mumbai and Madhya Pradesh. The Company has paid the annual listing fee for the financial year 2013-2014.

The Equity Shares of the Company has the Electronic connectivity under ISIN No. INE992I01013. To provide service to the Shareholders, the Company has appointed M/s. Adroit Corporate Services Private Limited, 1st Floor, 19, Jaferbhoy Industrial Estate, Makwana Road, Marol Naka, Mufhbai-400 059 as Registrar and Transfer Agent of the Company for existing physical based and allied Secretarial Services for its Members / Investors and for Electronic Connectivity with NSDL and CDSL. PUBLIC DEPOSITS:

During the period under review, the Company has not accepted any public deposit under Section 58A of the Companies Act, 1956. AUDITORS:

M/s. B. Chhawchharia &zCo., Chartered Accountants, Nagpur Statutory Auditors of the company retires at the conclusion of the ensuing Annual General Meeting and are eligible for re-appointment. AUDITOR''S REPORT:

The observations made by the Auditors are self-explanatory and does not require any clarification. ACKNOWLEDGEMENT:

The Directors are grateful to Bankers for their continued support, co-operation and assistance during the year. The Directors express their thanks for the sincere and dedicated efforts put in by the workers, staff and officers during the year

For and on behalf of the Board

Registered Office: Imambada Road

Nagpur-440 018 W.H. KHATKHEDE S.A. CHAUDHARI

PLACE: NAGPUR DIRECTOR DIRECTOR

DATED: 25th July, 2013


Mar 31, 2010

The Directors present their Twenty Fifth Annual Report and Audited Statement of Accounts for the year ended 31st March 2010.

Financial Results:

The accounts for the year under review reflect a profit of Rs. 1,313,221. The Directors propose to appropriate the same as under:

Profit/ Loss Before Tax Rs. 1,313,221

Less: - Appropriations

Provision for Taxation

Current Tax Rs. 405,800

Deferred Tax Rs. 75

Excess/(Short) Provision Rs. 5,267 for Tax

Fringe Benefits Tax Rs. NIL Rs. 411,142

Profit / (Loss). After Tax Rs. 902,079

ADD:- Balance Brought Forward Rs. 9,125,254 Excess Provision for Tax Rs. 21

BALANCE CARRIED FORWARD Rs. 10,027,354

DIVIDEND:

The Directors regret their inability to recommend any dividend for the year under review.

WORKING & PERFORMANCE:

The performance of the Company was satisfactory during the year under review. The Board of Directors are trying their best to further improve the performance of the Company and are hopeful of better working results in the coming year.

PARTICULARS OF EMPLOYEES:

There is no employee in respect of whom particulars pursuant to section 217(2A) of the Companies Act, 1956 read with the Companies(Particulars of Employees) Rules, 1975: are required to be given.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, RESEARCH AND DEVELOPMENT:

Your Directors are of the opinion that with the respect to conservation of energy and technology absorption as per Section 217(1)(e) read with Companies (Disclosure Particulars in the Report of Board of Directors) Rules, 1988 are not relevant in view of the nature of business activities of the Company and hence, are not requires to be given.

FOREIGN EXCHANGE EARNINGS AND OUTGO:

During the year under review, there is ni foreign exchange earning, outgo and expenditure.

DIRECTORS RESPONSIBILTY STATEMENT:

As per Provision of Section 217(2AA) of the Companies Act, 1956, the Director confirm that:

1. In the preparation of annual acounts, the applicable accounting standars have been followed along with proper explanation relating to material departures.

2. The accounting policies have been consistently applied and reasonable and prudent judgment and estimates have been made so as givea true and fair view of the state of affairs of the Company as at 31st March, 2010 and the Profit & Loss account of the Company for the period.

3. Proper and sufficient care for the maintenance of adequate accounting record in accordance with the provisions of the COmpanies At, 1956 has een taken for safeguarding the assets of the Company and for preventing and for detecting fraud and other irregularities.

4. The annual accounts have been prepared on a going concern basis.

SECRETRIAL COMPLIANCE CERTIFICATE:

M/S T.S. PAHADE & ASSOCIATES, Company Secretary, Nagpur has issued a Secretrial Compliance Certificate in terms of Proviso of Sub- Section(1) of Section 383(A) of the Companies Act 1956. The same has been received and attached to the Board Report.

Directors:

Shri R.P. Mohanka, retries by rotation and being eligible, offers himself for re-appointment.

LISTING OF SHARES:

The Equity Shares of the Company are listed on The Stock Exchange, Mumbai ans Madhya Pradesh. The Company has paid annual listing fee for the financial year 2010-2011.

The Equity Shares of the Company has the Electronic connectivity under ISIN no. INE992I01013. To provide service to the Shareholders, the Company has appointed M/s. Adroit Corporate Private Limited, 1st Floor,19 Jaferbhoy Industrial Estate, Makwan Road, Marol Road, MArol Naka, Mumbai-400059 as Registrar and Transfer Agent of the Company for existing physical based and allied Secretrial Services for its Members/ Investors and for Electronic Connectivity with NSDL and CSDL.

PUBLIC DEPOSITS:

During the period under reciew, the Company has not accepted any public deposit under Section 58 A of the Companis ACT, 1956.

AUDITORS:

M/s. Bankim V. Shah, Chartered Accountants, Mumbai auditors of the company retire at the conclusion of the ensuing meeting are eligible for re-appointment.

AUDITORS REPORT:

The observations made by the Auditors are self-explanatory and does not require any clarification.

ACKNOWLEDGEMENT:

The Directors are grateful to Bankers for their continue support, co-operation and assistance during the year. The Directors express their thanks for the sincere and dedicated efforts put in by the workrs, staff and officers during the year.

For and behalf of the Board

W.H. KHATKHEDE PRAFULLA DOSHI DIRECTOR DIRECTOR

Registered Office:

Imambada Road Nagpur-440018

PLACE: NAGPUR. DATED: 4th September,2010


Mar 31, 2009

The Directors present their Twenty Fourth Annual Report and Audited Statement of Accounts for the year ended 31st March, 2009.

FINANCIAL RESULTS:

The accounts for the year under review reflect a Profit of Rs. 1,265,793/-. The Directors propose to appropriate the same as under:

Profit / (Loss) for the year Rs. 1,265,793 Add: Balance brought forward Rs. 8,252,263

Less: Provision for Taxation

- Current Tax Rs. 252,000 - Deferred Tax Rs. 139,802 - Fringe Benefit Tax Rs. NIL - Short Provision for Taxation written off Rs. 1,000 Rs. 392,802 Balance carried to Balance Sheet Rs. 9,125,254

WORKING:

The Board of Directors are trying their best to improve the performance of the Company and are hopeful of better working results in the coming year.

DIVIDEND:

Directors regret their inability to recommend any dividend for the year under review.

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

Your Directors are of the opinion that particulars with respect to conservation of energy and technology absorption as per Section 217(1) (e) read with Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988 are not relevant in view of the nature of business activities of the Company and hence, are not required to be given. There has been no foreign exchange earnings or outgo during the year under review.

DIRECTORS RESPONSIBILITY STATEMENT :

The Directors confirm that:

a. In the preparation of annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures.

b. The accounting policies have been consistently applied and reasonable and prudent judgement and estimates have been made so as to give a true and fair view of the state of affairs of the Company as at 31" March, 2009 and the Profit and Loss Account of the Company for the period.

c. Proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 has been taken for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

d. The annual accounts have been prepared on a going concern basis.

SECRETARIAL COMPLIANCE CERTIFICATE:

Mis.V.Ramachandran,Company Secretary,Nagpur has issued a Secretarial Compliance Certificate in terms of Proviso of Sub-Section (1)of Section 383(A)of the Companies Act,1956.The same has been received and attached to the Board Report.

PARTICULARS OF EMPLOYEES:

There is no employee,in respect of whom particulars pursuant to section 217(2A)of the Companies Act,1956,are required to be given.

DIRECTORS:

Shri W.H.Khatkhede,retires by rotation and being eligible offers himself for reappointment.

PUBLIC DEPOSITS:

During the period under review,the Company has not accepted any public deposits under Section 58A of the Companies Act,1956.

LISTING OF SHARES:

The Equity Shares of the Company are listed on The Stock Exchange Mumbai and Madhya Pradesh.The company has paid the annual listing fees for the financial year 2008-2009.

The Equity Shares of the Company has the Electronic connectivity under ISIN No.INE992l01013.The company has Mis.Adroit Corporate Services Private Limited,1 st floor 19,Jaferbhoy Industrial Estate,Makwana Road, Marol Naka,Mumbai-400 059 as Registrar and transfer Agent of the company for existing physical based and allied Secretarial Services for its members /Investors and for Electronic Connectivity with NSDL and CDSL.

AUDITORS REPORT

The observations made by the Auditors in their report are self-explanatory and have also been further amplified in the Notes to the Accounts.

AUDITORS:

M/s.Bankim V.Shah,Chartered Accountants,Mumbai auditors of the Company retire at the conclusion of the ensuing meeting and are eligible for reappointment.

ACKNOWLEDGEMENTS: The Directors are grateful to Bankers for their continued co-operation and assistance during the year.

The Directors express their thanks for the sincere and dedicated efforts put in by all the -employees during the year.

For and on behalf of the Board Place:NAGPUR W.H.KHATKHEDE PRAFULLA DOSHI Dated:04.09.2009 DIRECTOR DIRECTOR

 
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