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Directors Report of Genus Commu-Trade Ltd.

Mar 31, 2012

Dear Shareholders,

The Directors have pleasure in presenting their Annual Report together with the Audited statement of Accounts of the Company for the period ended 31st March, 2012.

OVERVIEW

The company has accumulated losses of Rs. 2.86 Crores and has incurred losses in the financial year under review.

DIVIDEND

The Board of Directors expresses their inability to recommend dividend for the financial year 2011-12 due to loss incurred during the year.

ACCEPTANCE OF DEPOSITS

The Company has not accepted any deposits during the year under review.

PARTICULARS REGARDING EMPLOYEES

There is no employee in the Company whose particulars are required to be given under Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975, as amended.

DIRECTORS

Mr. Manohar Sharma, Mr. Chandra Prakash Talwar, Mr. Ajay Jain are appointed as Directors during the year.

Director who is liable to retire by rotation is eligible to be re-appointed.

DIRECTORS'' RESPONSIBILTY STATEMENT

The Board of directors of your Company states:

1. That in the preparation of the annual accounts, the applicable accounting standards has been followed.

2. That the Directors had selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of the Company at the end of the financial year and of the loss of Company for that period.

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 safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

4. That the Directors had prepared the annual accounts on a going concern basis.

REPORT ON CORPORATE GOVERNANCE

The Report on Corporate Governance along with Auditors Certificate on the same has been enclosed to this Annual Report.

LEGAL ACTION AGAINST THE COMPANY

There are several orders passed by SEBI against the Company details of which are given here in below

Date of Order Order No. Penalty / Action February 10, 2008 WTM/VKC/ID6/139/08 Prohibited from buying, selling or otherwise dealing or associating with the securities market in any manner whatsoever for a period of 2 years

April 23, 2009 WTM/KMA/60/04/2009 Ex- Parte Interim Order directing not to buy, sell or deal in the securities market in any manner till further direction.

August 20, 2009 IVD/WOL/AO/DRK/ASC/E Imposed penalty of Rs. 5 lacs AD 3-45/2009

September 22, VSS/AO-144/2009 Imposed penalty of Rs. 2 lacs 2009

January 12, 2010 WTM/KMA/IVD/204 /01/2010 Confirming the Ex-parte Interim order dated April 23, 2009

June 10, 2010 MC/AO-05/2010 Imposed penalty of Rs. 5 lacs

The company has defaulted in filing certain compliances at ROC.

AUDITORS

The Auditors M/s. Vishves A. Shah & Co., Chartered Accountants, Statutory Auditors of the company will retire at the conclusion of the forthcoming Annual General Meeting. The Company has received intimation to the effect that their appointment, would be within the prescribed limits under Section 224(1B) of the Companies Act, 1956.

AUDITORS'' REPORT

The observations of the auditors in their report are self-explanatory and therefore, in the opinion of the Directors, do not call for further comments.

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

The particulars as required under the provisions of Section 217(1)(e) of the Companies Act, 1956 in respect of conservation of energy and technology absorption have not been furnished considering the nature of activities undertaken by the company during the year under review. Further during the year under review, the Company has neither earned nor used any foreign exchange.

ACKNOWLEDGEMENTS

Your Directors place on record their gratitude for the continuing support of Shareholders, bankers and Business associates at all levels.

BY ORDER OF THE BOARD OF DIRECTORS

For Genus Commu-Trade Limited

Place: Palanpur

Date: 02/09/2012 Chairman


Mar 31, 2011

The Directors have pleasure in presenting their Annual Report together with the Audited statement of Accounts of the Company for the period ended 31st March, 2011.

OVERVIEW

The company has accumulated losses of Rs. 2.77 Crores and has incurred losses in the financial year under review.

DIVIDEND

The Board of Directors expresses their inability to recommend dividend for the financial year 2010-11 due to loss incurred during the year.

ACCEPTANCE OF DEPOSITS

The Company has not accepted any deposits during the year under review.

PARTICULARS REGARDING EMPLOYEES

There is no employee in the Company whose particulars are required to be given under Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975, as amended.

DIRECTORS

Mr. Chandra Prakash Talwar, Mr. Ajay Jain and Mr. Manohar Sharma are appointed as Directors. They are appointed by special resolution passed during the year.

Director who is liable to retire by rotation is eligible to be re-appointed.

DIRECTORS' RESPONSIBILTY STATEMENT

The Board of directors of your Company states:

1. That in the preparation of the annual accounts, the applicable accounting standards has been followed.

2. That the Directors had selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of the Company at the end of the financial year and of the profit/loss of Company for that period.

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 safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

4. That the Directors had prepared the annual accounts on a going concern basis.

REPORT ON CORPORATE GOVERNANCE

The Report on Corporate Governance along with Auditors Certificate on the same has been enclosed to this Annual Report.

LISTING

The Equity shares of the company are listed on BSE and ASE.

The trading in Equity Shares of the Company was suspended by BSE from August 23, 2010 to August 27, 2010 due to non compliance of Listing Agreement.

The trading in Equity shares of the Company is suspended by ASE.

LEGAL ACTION AGAINST THE COMPANY

There are several orders passed by SEBI against the Company details of which are given here in below

Date of Order Order No. Penalty / Action_

February 10, 2008 WTM/VKC/ID6/139/08 Prohibited from buying, selling or otherwise dealing or associating with the securities market in any manner whatsoever for a period of 2 years

April 23, 2009 WTM/KMA/60/04/2009 Ex- Parte Interim Order directing not to buy, sell or deal in the securities market in any manner till further direction.

August 20, 2009 IVD/WOL/AO/DRK/ASC/E Imposed penalty of Rs. 5 lacs AD 3-45/2009 September 22, VSS/AO-144/2009 Imposed penalty of Rs. 2 lacs 2009

January 12, 2010 WTM/KMA/IVD/204/01/2010 Confirming the Ex-parte Interim order dated April 23, 2009

June 10.2010 MC/AQ-05/2010 Imposed penalty of Rs. 5 lacs

The company has defaulted in filing certain compliances at ROC.

AUDITORS

The Auditors M/s. Vishves A. Shah & Co., Chartered Accountants, Statutory Auditors of the company will retire at the conclusion of the forthcoming Annual General Meeting. The Company has received an intimation to the effect that their appointment, would be within the prescribed limits under Section 224(1 B) of the Companies Act, 1956.

AUDITORS REPORT

The observations of the auditors in their report are self-explanatory and therefore, in the opinion of the Directors, do not call for further comments.

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

The particulars as required under the provisions of Section 217(1)(e) of the Companies Act, 19S6 in respect of conservation of energy and technology absorption have not been furnished considering the nature of activities undertaken by the company during the year under review. Further during the year under review, the Company has neither earned nor used any foreign exchange.

ACKNOWLEDGEMENTS

Your Directors place on record their gratitude for the continuing support of Shareholders, bankers and Business associates at all levels.

BY ORDER OF THE BOARD OF DIRECTORS For Genus Commu Trade Limited

Place: Palanpur Hftesh M Panchal

Date : August 28, 2011 Chairman


Mar 31, 2010

TO, The Members of GENUS COMMU-TRADE LIMITED Palanpur.

Dear Shareholders,

The Director have pleasure in presenting their Annual Report together with the Audited Accounts of the company for the period ended 31st March,2010.

OVERVIEW:

The company has incurred losses in the financial year under review as compare to profit in the previous year.

DIVIDEND

The Board of Directors expresses their inability to recommend divided for the financial year 2009-10 due to loss incurred during the year.

ACCEPTANCE OF DEPOSITS:

The Company has not accepted any deposits during the year under review.

PARTICULARS REGARDING EMPLOYEES:

There is no employee in the company whose particulars are required to be given under section 217(2a) of the companies Act., 1956 read with the companies particulars of employees Rules 1975 as amended.

DIRECTORS:

Mr.Praful vithalbhai misery appointed as an Additional Director during the year holds office up to the forthcoming AGM. Your directors recommends his appointments Directors in ensuring AGM.

Mr.Jayesh Naranbhai Patel resigned during the financial year under review The board appreciated the service rented by him.

DIRECTORS'' RESPONSIBILITY STATEMENT:

The Board of Directors of your Company states:

1. That in the preparation of the annual accounts the applicable accounting standards has been followed.

2. that the Directors had selected such accounting policies them consistently and made judgments and estimates that are reasonable and prudent so as to given a true and fair view of that state of the company at the end of the financial year and of the profit/loss of company for that period.

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 safeguarding they assets of the company and preventing and detecting fraud other irregurities.

4. that the Directors had prepared the annual accounts on ageing concern basis ''

REPORT ON CORPORATE GOVERNANCE

The Report on corporate Governance along with Auditors certificate on the same has been enclosed to this Annual Report.

AUDITORS:

The Auditors M/s. vishves A. Shah & Co., Chartered Accountants who was appointed during the year will retire at the conclusion of the forthcoming Annual General Meeting and are eligible for re- appointment. The company has received a letter to the effect that their appointment, would be with the prescribed limits under section 224(1 B) of the companies Act, 1956.

AUDITORS'' REPORT:

The observations of the auditors in their report are self-explanatory and therefore, in the opinion of the Directors, do not call for further comments.

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

The particulars as required under the provisions of Section 2l7(l)(e) of the Companies Act, 1956 in respect of conservation of energy and technology absorption have not been furnished considering the nature of activities undertaken by the company during the year under review. Further during the year under review, the company has neither earned nor used any foreign exchange.

ACKNOWLEDGMENTS:

Your Directors place on record their gratitude for the continuing support of shareholders, bankers and other Business associates at all levies.

By order of the Board of Directors

GENUS COMMU-TRADE LIMITED



CHAIRMAN

Place: Palanpur

Date :28th August, 2010


Mar 31, 2009

The Directors have pleasure in presenting their Annual Report together with the Audited statement

FINANCIAL RESULT

FINANCIAL RESULT 31/03/2009 31/03/2008

Profit/( Loss)before Taxation 233895,00 182172.00

Profit/( Loss)after Taxation/FBT 123794.00 161060,00

Profit/(toss )Brought Forward 306407.00 125353,00

Profit/( Loss )Carried Forward 466467.00 306407.00

DIVIDEND: -

Due to insufficient profit, your Directors are unable to declare dividend.

ACCEPTANCE OF DEPOSITS:-

The Company has not accepted any deposits during the year under review.

PARTICULARS REGARDING EMPLOYEES:-

There is no employee getting salary of Rs.2,00,000/- or more per month if employed for the part of a year.

DIRECTORS

There is no change in director during the year under review. DIRECTORS RESPONSIBILITY STATEMENT:

The Board of Directors of your Company state:

1. That in the preparation of the annual accounts, the applicable accounting standard had been followed

2. That the directors had 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 the company at the end of the financial year and of the profit of company for that period;

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 safeguarding the assets of the company and for preventing and detecting fraud and other irregularities:

4. That the directors had prepared the annual accounts on a going concern basis.

AUDITORS:-

M/S Shirish Dalal & Associates. Chartered Accountants, Statutory Auditors of the Company, appointed at Extra-Ordinary General meeting hold office until the conclusion of the forthcoming Annual General Meeting and are eligible for re-appointment. The company has received letter from them to the effect that their appointment, if made, would be within the prescribed limits under Section 224(1-B) of the Companies Act, 1956.

Your Directors recommend for their appointment.

APPOINTMENT OF PRACTISING COMPANY SECRETARY

Company is required to re-appoint a practicing Company Secretary to carry out the Secretarial Compliance audit of the Company for the year.

Shri Company Secretary in Whole Time Practice, be reappointed to carry out the secretarial audit for the year 2009-10.

Your directors recommend for his appointment.

OTHER INFORMATIONS:-

In term of section 217(i) of the Companies Act, 1956 (as amended) and the companies (disclosure of particulars in the report of directors) Rules 1988, your Directors furnish hereunder the additional information as required.

1. Conservation of Energy: - There is no activity involving power consumption hence not applicable.

2. Technical Absorption:- Nil

3. Foreign exchange earning and outgo: - There is no foreign exchange earning and outgo during the year under review.

BY ORDER OF THE BOARD OF DIRECTORS

Place: AHMEDABAD Dated: 05-09-09 DIRECTOR

Registered office:

310, Anand Milan Complex Opp Jain Derasar, Navrangpura, Ahmedabad



 
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