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Directors Report of Healthy Investments Ltd.

Mar 31, 2014

Dear Members,

The Directors present the Thirty second Annual Report together with the audited statement of accounts for the year ended 31st March 2014.

1. FINANCIAL RESULTS:

Current Year Previous Year Rupees Rupees

Profit before depreciation 10,96,174/- 9,80,493/-

Less: Depreciation 10,464/- 14,612/-

Profit before taxes 10,85,710/- 9,65,881/-

Less: Provision for current taxation (80,000/-) -

Add: Provision for deferred taxation 136/- 2,416 /-

MAT credit entitlement 70,535/- -

Profit available for appropriation 10,76/181/ - 9,68,297/-

Prior year taxes written back - -

Reserve fund 2,00,000/- 1,95,000/-

8,76,381 /- 7,73,297/-

Surplus brought forward from last year 2,60,09,083/- 2,52,35,786/-

Surplus carried to balance sheet 2,68,85,464/- 2,60,09,083/-

2. DIRECTORS:

Sri. Murali D. kanuri Director of the Company, retires by rotation and being eligible, offer himself for reappointment.

Sri C. Kameswara Sharma and Dr. K.P. Reddy are proposed to be appointed as Independent Directors pursuant to the provisions of section 149,150 and 152 read with Schedule IV and other applicable provisions of the Companies Act, 2013, and the Rules notified thereunder to hold office for a term of five consecutive years. These directors shall not be liable to retire by rotation. The Board is of the opinion that the proposed appointees have adequate skills, experience and knowledge and are independent of management

Your Directors recommend their appointment on the Board.

3. DIRECTORS'' RESPONSIBILITY STATEMENT :

Pursuant to the requirement under Section 217(2AA) of the Companies Act, 1956 with respect to Directors Responsibility statement, the directors hereby confirm that:

i) in preparation of the accounts for the financial year ended 31st March, 2014, the applicable accounting standard have been followed along with proper explanation relating to material departures;

ii) they have selected such accounting policies and applied them consistently and made judgment and estimate 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 the company for the year under review;

iii) they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with provision of the Companies Act,1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

iv) they have prepared the accounts for the financial year ended 31st March 2014 on a going concern basis.

4. AUDITORS:

The present auditors M/s. Ganesh & Rajendra Associates, Chartered Accountants, retire at the ensuing Annual General Meeting, and have not expressed their willingness to be reappointed as the Auditors. The company received a letter from a share holder proposing M/s C K S Associates, Chartered Accountants, Hyderabad, as Auditors.

In view of this, your directors propose appointment of M/s C K S Associates, (Peer Review Certificate No: 006803), Chartered Accountants, Hyderabad, as the Statutory Auditors of the Company from the conclusion of the ensuing Annual General Meeting till the conclusion of the sixth consecutive Annual General Meeting subject to ratification at each such meeting as per the provisions of section 139 of the Companies Act, 2013, and the Rules made thereunder, from whom a certificate as prescribed under section 139 (1) of the said Act confirming their eligibility for appointment has been obtained.

5. APPOINTMENT OF COMPANY SECRETARY ;

As per section 383A of the Companies Act, 1956, the company is supposed to appoint a company secretary in whole time employment. The management has made efforts to comply with the same, but could not succeed in appointing a company secretary. Hence the company has obtained the compliance certificate from a practicing company secretary.

6. PARTICULARS OF EMPLOYEES:

The Company had no employees whose particulars are required to be mentioned pursuant to the provisions of Section 217 (2A) of the Companies Acts, 1956 read with the rules thereunder.

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

Being an investment company, there are no particulars to be furnished in this report as required by Section 217 (l)(e) of the Companies Act, 1956 relating to conservation of energy and technology absorption. There were no foreign exchange earnings or outgo during the year.

FOR & ON BEHALF OF THE BOARD

Place: Mumbai (Murali D. Kanuri) (C.Shantha Prasad) Dated: 30th May, 2014 Director Director


Mar 31, 2013

To the Shareholders,

The Directors present the Thirty First Annual Report together with the audited statement of accounts for the year ended 31Rt March 2013.

1. FINANCIAL RESULTS:

Current Year Previous Year Rupees Rupees

Profit before depreciation 9,80,493/- 22,87,491/-

Less: Depreciation 14,61.2/- 2,419/-

Profit before taxes 9,65,881/- 22,75,072/- Less : Provision for current taxation

Provision for deferred taxation 2,416/- (736/-)

Profit available for appropriation 9,68,297/- 22,75,808/-

Prior year taxes written back

Reserve fund 1,95,000/- 4,55,000/-

7,73,297/- 18,20,808/-

Surplus brought forward from last year 2,52,35,786/- 34,14,978/-

Surplus carried to balance sheet 2,60,09,083/- 52,35,786/-

2. DIRECTORS:

Sri.K.Harishchandra Prasad Director of the Company, retire by rotation and being eligible, offer herself for reappointment.

¦ 3. DIRECTORS'' RESPONSIBILITY STATEMENT :

Pursuant to the requirement under Section 217(2AA) of the Companies Act, 1956 with respect to Directors Responsibility statement, the directors hereby confirm that:

i) in preparation of the accounts for the financial year ended 31st March, 2013, the applicable accounting standard have been followed along with proper explanation relating to material departures;

ii) they have selected such accounting policies and applied them consistently and made judgment and estimate 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 the company for the year under review;

iii) they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with provision of the Companies Act,1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

iv) they have prepared the accounts for the financial year ended 31sf March 2013 on a going concern basis.

4. AUDITORS:

M/s. Ganesh & Rajendra Associates, Chartered Accountants, retire at the ensuing Annual General Meeting and being eligible offer themselves for re-appointment.

5. APPOINTMENT OF COMPANY SECRETARY :

As per section 383A of the Companies Act, 1956, the company is supposed to appoint a company secretary in whole time employment. The management has made efforts to comply with the same, but could not succeed in appointing a company secretary. Hence the company has obtained the compliance certificate from a practicing company secretary.

6. PARTICULARS OF EMPLOYEES :

The Company had no employees whose particulars are required to be mentioned pursuant to the provisions of Section 217 (2A) of the Companies Acts, 1956 read with the rules thereunder.

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

Being an investment company, there are no particulars to be furnished in this report as required by Section 217 (l)(e) of the Companies Act, 1956 relating to conservation of energy and technology absorption. There were no foreign exchange earnings or outgo during the year. FOR & ON BEHALF OF THE BOARD

Place: Mumbai (Murali D. Kanuri) (C.Shantha Prasad)

Dated: 30th May, 2013 Director Director


Mar 31, 2012

The Directors present the Thirtieth Annual Report together with the audited statement of accounts for the year ended 31st March 2012.

1. FINANCIAL RESULTS:

Current Year Previous Year Rupees Rupees

Profit before depreciation 22,87,491/- 32,97,774/-

Less: Depreciation 12,419/- 4,321/-

Profit before taxes 22,75,072/- 32,93,453/-

Less : Provision for current taxation

Provision for deferred taxation (736/-) 23,231/ -

Profit available for appropriation 22,75,808/- 32,70,222/-

Prior year taxes written back - 72/-

Reserve fund 4,55,000/- 6,54,000/-

18,20,808/- 26,16,294/-

Surplus brought forward from last year 2,34,14,977/- 2,07,98,683/-

Surplus carried to balance sheet 2,52,35,785/- 2,34,14,977/-

2. DIRECTORS:

Smt C.Shantha Prasad Director of the Company, retire by rotation and being eligible, offer herself for reappointment.

3. DIRECTORS' RESPONSIBILITY STATEMENT :

Pursuant to the requirement under Section 217(2AA) of the Companies Act, 1956 with respect to Directors Responsibility statement, the directors hereby confirm that:

i) in preparation of the accounts for the financial year ended 31st March, 2012, the applicable accounting standard have been followed along with proper explanation relating to material departures;

ii) they have selected such accounting policies and applied them consistently and made judgment and estimate 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 the company for the year under review;

iii) they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with provision of the Companies Act,1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

iv) they have prepared the accounts for the financial year ended 31st March 2012 on a going concern basis.

4. AUDITORS:

M/s. Ganesh & Rajendra Associates, Chartered Accountants, retire at the ensuing Annual General Meeting and being eligible offer themselves for re-appointment.

5. APPOINTMENT OF COMPANY SECRETARY :

As per section 383A of the Companies Act, 1956, the company is supposed to appoint a company secretary in whole time employment. The management has made efforts to comply with the same, but could not succeed in appointing a company secretary. Hence the company has obtained the compliance certificate from a practicing company secretary.

6. PARTICULARS OF EMPLOYEES :

The Company had no employees whose particulars are required to be mentioned pursuant to the provisions of Section 217 (2 A) of the Companies Acts, 1956 read with the rules there under.

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

Being an investment company, there are no particulars to be furnished in this report as required by Section 217 (l)(e) of the Companies Act, 1956 relating to conservation of energy and technology absorption. There were no foreign exchange earnings or outgo during the year.

FOR & ON BEHALF OF THE BOARD

Place: Mumbai (Murali D. Kanuri) (K. Harishchandra Prasad)

Dated: 30th July, 2012 Director Director


Mar 31, 2010

The Directors present the Twenty Eight Annual Report together with the audited statement of accounts for the year ended 31st March 2010.

1. FINANCIAL RESULTS: Current Year Previous Year

Rupees Rupees

Profit before depreciation 7,22,143/- 1,69,22,976/-

Less : Depreciation 2,019/- 4,015/-

Profit before taxes 7,20,124/- 1,69,18,925/-

Less : Provision for current taxation 21,000/- 36,15,000/-

Provision for fringe benefit tax - 1,333/-

Provision for deferred taxation 45,755/- 589/-

Profit available for appropriation 6,53,369/- 1,33,03,181/-

Prior year taxes written back (2,343/-) 2,832/-

Reserve fund 1,30,000/- 26,65,000/-

5,21,026/- 1,06,41,013/-

Surplus brought forward from last year 2,02,77,656/- 96,36,643/-

Surplus carried to balance sheet 2,07,98,682/- 2,02,77,656/-

2. DIRECTORS:

Sri K. Harishchandra Prasad Director of the Company, retire by rotation and being eligible, offer himself for reappointment.

3. DIRECTORS RESPONSIBILITY STATEMENT :

Pursuant to the requirement under Section 217(2AA) of the Companies Act, 1956 with respect to Directors Responsibility statement, the directors hereby confirm that:

i) in preparation of the accounts for the financial year ended 31st March, 2010, the

applicable accounting standard have been followed along with proper explanation relating to material departures;

ii) they have selected such accounting policies and applied them consistently and made judgment and estimate 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 the company for the year under review;

iii) they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with provision of the Companies Act,1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

iv) they have prepared the accounts for the financial year ended 31st March 2010 on a going concern basis.

4. AUDITORS:

M/s. Ganesh & Rajendra Associates, Chartered Accountants, retire at the ensuing Annual General Meeting and being eligible offer themselves for re-appointment.

5. APPOINTMENT OF COMPANY SECRETARY :

As per section 383A of the Companies Act, 1956, the company is supposed to appoint a company secretary in whole time employment. The management has made efforts to comply with the same, but could not succeed in appointing a company secretary. Hence the company has obtained the compliance certificate from a practicing company secretary.

6. PARTICULARS OF EMPLOYEES :

The Company had no employees whose particulars are required to be mentioned pursuant to the provisions of Section 217 (2A) of the Companies Acts, 1956 read with the rules thereunder.

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

Being an investment company, there are no particulars to be furnished in this report as required by Section 217 (l)(e) of the Companies Act, 1956 relating to conservation of energy and technology absorption. There was no foreign exchange earnings or outgo during the year.



FOR & ON BEHALF OF THE BOARD

Sd/- Sd/-

Place: Mumbai (Murali D. Kanuri) (K. Harishchandra Prasad) Dated: 30th July 2010 Director Director



 
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