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Directors Report of Indtradeco Ltd.

Mar 31, 2014

Dear Shareholders,

We are privileged to place before you the 34th Annual Report of your Company together with the Corporate Governance

RESULTS FROM OPERATIONS

(Rs. in Lacs)

Financial Results 2013-2014 2012-2013

Net Profit /loss before tax (0.82) (0.37)

Provision for taxation including FBT _ 0.09

Provision for deferred tax assets/(liabilities) (0.21) (0.17)

Taxation of earlier years _ 0.00

Net Profit /Loss after tax (0.62) (0.28)

FINANCIALS:

The Company''s Turnover for the year ended March 31, 2014 is Rs.0.15 Lakhs as against Rs. 1.67 Lakhs for the previous year. The Company''s Profit before Tax is Rs.(0.82) Lakhs as against of Rs 0.37 Lakhs in the previous year.

Dividend:

To conserve the resources, your Directors do not recommend payment of any dividend on the equity shares for the year

No dividend is recommended due to losses for the year under review Public Deposits:

The Company has not accepted any deposits from the public during the financial year.

Directors'' Responsibility Statement:

Pursuant to Section 217 (2AA) of the Companies Act, 1956, the Board of Directors of the Company confirms that:-

i. in the preparation of the Annual Accounts, all the applicable Accounting Standards have been followed;

ii. appropriate accounting policies have been selected and applied consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at the end of financial year and of the Profits or Loss of the Company for that period.

iii. proper and sufficient care has been taken for maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956, for safeguarding the assets of the Company and other irregularities.

iv. the Annual Accounts have been prepared on a going-concern basis.

DIRECTORS :

Mr. Jignesh Rokadia , who retires by rotation and eligible for re-appointment offers himself for reappointment.

STATUTORY AUDITORS:

The Company''s Statutory Auditors, M/s.William Serrao , Chartered Accountants, Mumbai retire at the ensuing Annual General Meeting and being eligible for Re appointment ,offer themselves for reappointment. A letter has been received from them that their reappointment if made will be in conformity with the provisions of section 224(1B)of the Companies Act,1956.

Auditor''s Report

There are no qualifications contained in the Auditors'' Report and therefore there are no further explanations to be provided in this report.

Energy conversation, Technology Absorption & Foreign Exchange earnings & outgo:

In view of the nature of activities which are being carried out by the Company, Rules 2A and 2B of the Companies (Disclosure of particulars in the report of Board of Directors) Rules 1988 concerning Conservation of Energy and technology absorption respectively are not applicable to the Company.

There was no inflow and out flow of foreign exchange during the year under review.

Management Discussion And Analysis:

Pursuant to Clause - 49 of the Listing Agreement with the BSE Limited, the Management Discussion and Analysis (MDA) is required to be annexed to this report. As such, there is no manufacturing activities in the company. However, the company continued with trading activities.

Particulars Employees:

There were no employees drawing remuneration more than as prescribed under section 217(2A) of the Companies Act, 1956.

Corporate Governance:

Pursuant to Clause-49 of the Listing Agreement, a report on Corporate Governance is annexed to this report, as Annexure-1.

Compliance Certificates:

Pursuant to Clause 49 of the Listing Agreement and Section 383A of the Companies Act, 1956, certificates issued by Practising Company Secretary are annexed to this report, as Annexure-2 and 3 respectively.

CEO / CFO Certificate

Pursuant to Clause-49 of the Listing Agreement, CEO / CFO Certificate is annexed to this report, as Annexure-4.

ACKNOWLEDGMENT:

Your Directors wish to place on record their sincere thanks to all members and employees for their continued support and co-operation.

For and on behalf of the Board of Directors Dipal Rokadia Chairman & Managing Director

Place: Mumbai Date :01-09-2014


Mar 31, 2013

Dear Shareholders,

The are privileged to place before you the 33rd Annual Report of your Company together with the Corporate Governance

RESULTS FROM OPERATIONS

(Rs. in Lacs)

Financial Results 2012-2013 2011-2012

Net Profit /loss before tax (0.37) 0.43

Provision for taxation including FBT 0.09 0.12

Provision for deferred tax assets/(liabilities) (0.17) (0.14)

Taxation of earlier years 0.00 0.00

Net Profit/Loss after tax (0.28) 0.45

DIVIDEND:

To conserve the resources, your Directors do not recommend payment of any dividend on the equity shares for the year.

WORKING RESULTS:

The Company''s Turnover for the year ended March 31,2013 is Rs. 1.67 Lakhs as against Rs. 28.27 Lakhs for the previous year. The Company''s Profit before Tax is Rs.(0.37) Lakhs as against of Rs 0.43 Lakhs in the previous year.

DIRECTORS:

Mr. Arvind Shah, Director retires by rotation at the forthcoming Annual General Meeting. In view of the interest of the Company, your Board recommends his re-appointment.

CORPORATE GOVERNANCE:

Your Company has been practicing the principles of good Corporate Governance over the years and it is an on- going process. Adetailed report on Corporate Governance is part of this Annual Report.

Certificate from Statutory Auditors of the Company regarding compliance with the conditions of Corporate Governance as stipulated in Clause 49 of the Listing Agreement with Bombay Stock exchange is also given in the detailed report on Corporate Governance.

MANAGEMENT DISCUSSION AND ANALYSIS:

A separate section on MDA as stipulated in Clause 49 of the Listing Agreement entered into with the Stock Exchanges forms part of this Annual Report.

PARTICULARS OF EMPLOYEES:

There are no employees whose particulars whereof are required to be given under Section 217(2A) of the Companies Act, 1956. The Directors place on record their appreciation of the devoted services rendered by the employees.

AUDITORS:

M/s William Serrao, Chartered Accountants, Statutory Auditors of the Company retire at the Annual General Meeting and being eligible for re-appointment, offer themselves for re-appointment. A letter has been received from them that their re-appointment if made will be in conformity with the provisions of Section 224(1 B) of the Companies Act, 1956.

AUDITOR''S REPORT:

The observations made by the Auditors in their Report read with the relevant notes as given in the Notes to Accounts, are self explanatory and therefore do not call for any further comments under Section 217(3) of the Companies Act, 1956

FIXED DEPOSITS:

During the year under review, your Company has not accepted or invited any deposits from the public.

DIRECTORS''RESPONSIBILITY STATEMENT:

In compliance to the provision of section 217(2AA) of the companies Act, 1956, your Directors wish to confirm that:

1. in the preparation of the annual accounts, except non-provision for employee''s benefits, all applicable accounting standards has been followed along with proper explanation relating to material departures;

2. the accounting policies adopted are consistently followed and the judgments and estimates made 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 of the Company for that year;

3. the Directors have 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;

4. the annual accounts forthe year ended 31 st March 2013 have been prepared on a going concern basis.

ADDITIONAL INFORMATION:

The particulars required under Section 217 (1) (e) of the Companies Act, 1956, read with the Companies (Disclosures of Particulars in the Report of the Board of Directors) Rules, 1988, is forming part of the Directors Report.

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

The requirement of disclosure, in terms of Section 217(2)(e) read with the Companies (Disclosure of particulars in the Report of Directors) Rules, 1988 relating to conservation of energy and technology absorption is not applicable to the Company as the Company does not own any manufacturing facility.

The Company''s foreign exchange outgo during the year is NIL.

ACKNOWLEDGMENTS:

Your involvement as shareholder is greatly valued. Your Directors look forward to your continuing support.

Your Company''s employees are instrumental in your Company scaling new heights, year after year. Their commitment and contribution is deeply acknowledged.

The Board wishes to place on record their sincere appreciation for the continuous support received from the shareholders, customers, suppliers, Bankers, Statutory Authorities and all other business associates. The enthusiasm and unstinting efforts of the employees have enabled the Company to grow despite growing challenges.



For and on behalf of the Board



Sd/-

PLACE: Mumbai Dipal Rokadia

DATED: September 2, 2013 Chairman


Mar 31, 2012

Dear Shareholders,

The are privileged to place before you the 32nd Annual Report of your Company together with the Corporate Governance Report, Management Discussion and Analysis and Audited Financial Statements for the Financial Year ended March 31, 2012.

RESULTS FROM OPERATIONS

(Rs. in Lacs)

Financial Results 2011-2012 2010-2011

Net Profit /loss before tax 0.43 0.96

Provision for taxation including FBT 0.12 0.68

Provision for deferred tax assets/(liabilities) (0.14) (0.04)

Taxation of earlier years 0.00 33.19

Net Profit /Loss after tax 0.45 (32.87)

DIVIDEND:

To conserve the resources, your Directors do not recommend payment of any dividend on the equity shares for the year.

WORKING RESULTS:

The Company's Turnover for the year ended March 31, 2012 is Rs. 28.27 Lacs as against Rs. 276.70 Lacs for the previous year. The Company's Profit before Tax is Rs.0.43 Lacs as against of Rs. 0.96 Lacs in the previous year.

DIRECTORS :

Mr. Jignesh Rokadia, Director retires by rotation at the forthcoming Annual General Meeting. In view of the interest of the Company, your Board recommends his re-appointment.

CORPORATE GOVERNANCE:

Your Company has been practicing the principles of good Corporate Governance over the years and it is an on-going process. A detailed report on Corporate Governance is part of this Annual Report.

Certificate from Statutory Auditors of the Company regarding compliance with the conditions of Corporate Governance as stipulated in Clause 49 of the Listing Agreement with Bombay Stock exchange is also given in the detailed report on Corporate Governance.

MANAGEMENT DISCUSSION AND ANALYSIS:

A separate sectIon on MDA as stipulated in Clause 49 of the Listing Agreement entered into with the Stock Exchanges forms part of this Annual Report.

PARTICULARS OF EMPLOYEES:

There are no employees whose particulars whereof are required to be given under Section 217(2A) of the Companies Act, 1956. The Directors place on record their appreciation of the devoted services rendered by the employees.

AUDITORS:

M/s William Serrao, Chartered Accountants, Statutory Auditors of the Company retire at the Annual General Meeting and being eligible for re-appointment, offer themselves for re-appointment. A letter has been received from them that their re-appointment if made will be in conformity with the provisions of Section 224(1B) of the Companies Act, 1956.

AUDITOR'S REPORT:

The observations made by the Auditors in their Report read with the relevant notes as given in the Notes to Accounts, are self explanatory and therefore do not call for any further comments under Section 217(3) of the Companies Act, 1956

FIXED DEPOSITS:

During the year under review, your Company has not accepted or invited any deposits from the public.

DIRECTORS' RESPONSIBILITY STATEMENT:

In compliance to the provision of section 217(2AA) of the companies Act, 1956,.your Directors wish to confirm that:

1. in the preparation of the annual accounts, except non-provision for employee's benefits, all applicable accounting standards has been followed along with proper explanation relating to material departures;

2. the accounting policies adopted are consistently followed and the judgments and estimates made 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 of the Company for that year;

3. the Directors have 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;

4. the annual accounts for the year ended 31st March 2012 have been prepared on a going concern basis.

ADDITIONAL INFORMATION:

The particulars required under Section 217 (1) (e) of the Companies Act, 1956, read with the Companies (Disclosures of Particulars in the Report of the Board of Directors) Rules, 1988, is forming part of the Directors Report.

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

The requirement of disclosure, in terms of Section 217(2)(e) read with the Companies (Disclosure of particulars in the Report of Directors) Rules, 1988 relating to conservation of energy and technology absorption is not applicable to the Company as the Company does not own any manufacturing facility.

The Company's foreign exchange outgo during the year is NIL.

ACKNOWLEDGEMENTS:

Your involvement as shareholder is greatly valued. Your Directors look forward to your continuing support. The Board wishes to place on record their sincere appreciation for the continuous support received from the shareholders, customers, suppliers, Bankers, Statutory Authorities and all other business associates. The enthusiasm and unstinting efforts of the employees have enabled the Company to grow despite growing challenges.

Mumbai, By Order of the Board of Directors

Regd Office :

Gandhi Bldg.,lst Floor,

2ndFanaswadi, sd/-

Dadyseth Agiyari

Lane, Dipal Rokadia

Mumbai 400 002. Chairman


Mar 31, 2010

We are privileged to place before you the 30th Annual Report of your Company together with the Corporate Governance Report, Management Discussion and Analysis and Audited Financial Statements for the Financial Year ended March 31, 2010.

RESULTS FROM OPERATIONS

(Rs. in Lacs)

Financial Results 2009-2010 2008-2009

Net Profit /loss before tax 1.63 1.22

Provision for taxation including FBT 0.67 0.64

Provision for deferred tax assets/(liabilities) 0.10 0.09

Taxation of earlier years - -

Net Profit /Loss after tax 1.06 0.67



DIVIDEND:

To conserve the resources, your Directors do not recommend payment of any dividend on the equity shares for the year.

WORKING RESULTS:

The Companys Turnover for the year ended March 31, 2010 is Rs. 557.27 Lakhs as against Rs. 449.18 Lakhs for the previous year. The Companys Prof it before Tax is Rs. 1.63 Lakhs as against of Rs.1.22 Lakhs in the previous year.

DIRECTORS:

Mr. Jignesh Rokadia, Director retires by rotation at the forthcoming Annual General Meeting. In view of the interest of the Company, your Board recommends his re-appointment.

CORPORATE GOVERNANCE:

A separate section on Corporate Governance and a certificate from the Statutory auditors of the Company regarding compliance of the conditions of Corporate Governance as stipulated in Clause 49 of the Listing Agreement entered into with the Stock Exchanges forms part of this Annual Report.

MANAGEMENT DISCUSSION AND ANALYSIS

A separate section on MDA as stipulated in Clause 49 of the Listing Agreement entered into with the Stock Exchanges forms part of this Annual Report.

PARTICULARS OF EMPLOYEES:

There are no employees whose particulars whereof are required to be given under Section 217(2A) of the Companies Act, 1956. The Directors place on record their appreciation of the devoted services rendered by the employees.

3; AUDITORS:

M/s William Serrao, Chartered Accountants, Statutory Auditors of the Company retire at the Annual General Meeting and being eligible for re-appointment, offer themselves for re-appointment. A letter has been received from them that their re-appointment, if made, will be in conformity with the provisions of Section 224(1 B) of the Companies Act, 1956.

AUDITORS REPORT:

The observations made by the Auditors in their Report read with the relevant notes as given in the Notes to Accounts, are self explanatory and therefore do not call for any further comments under Section 217(3) of the Companies Act, 1956.

FIXED DEPOSITS:

During the year under review, your Company has not accepted or invited any deposits from the public.

DIRECTORS RESPONSIBILITY STATEMENT:

In compliance to the provision of Section 217{2AA) of the Companies Act, 1956, your Directors wish to confirm that:

1. in the preparation of the annual accounts, except non-provision for employees benefits, all applicable accounting standards has been followed along with proper explanation relating to material departures;

2. the accounting policies adopted are consistently followed and the judgments and estimates made 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 of the Company for that year;

3. the Directors have 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;

4. the annual accounts for the year ended 31st March 2010 have been prepared on a going concern basis.

ADDITIONAL INFORMATION:

The particulars required under Section 217(1)(e) of the Companies Act, 1956, read with the Companies (Disclosures of Particulars in the Report of the Board of Directors) Rules, 1988, is forming part of the Directors Report.

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

The Company is a trading Company. Hence information as per Section 217(2)(e) read with the Companies (Disclosure of particulars in the Report of Directors) Rules, 1988 regarding conservation of energy and technology absorption is not required to be given.

The Companys foreign exchange outgo during the year is NIL.

ACKNOWLEDGEMENTS:

The Board wishes to place on record their sincere appreciation for the continuous support received from the shareholders, customers, suppliers. Bankers, Statutory Authorities and all other business associates. The Board also takes this opportunity to appreciate and value the contribution made by the Companys employees at all levels during the year under review.



For and on behalf of the Board

PLACE: Mumbai

DATED: August 21, 2010 sd/-

Dipal Rokadia

Chairman & Managing Director



 
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