Directors Report of Mayur Floorings Ltd.

Mar 31, 2015

Dear Members,

The Directors have pleasure in presenting their 23rd Annual Report of the Company together with the Audited Accounts of the Company for the financial year ended as on 31.03.2015.

Financial Results:

The financial results of the Company for the year under review are summarized as under.

(Rs in Lacs) (Rs in Lacs) Item As on As on 31.03.2015 31.03.2014

Turnover 185.73 122.80

Other Income 00.00 00.00

Profit (Loss) before taxations 1.90 (75.33)

Balance b/f from last year. (77.95) (01.49]

Provisions / Prior period adjustments. (04.65) 01.13

Carried to Balance Sheet (80.70) (77.95)

Dividends:

No dividend was considered by the Director for the year.

Operations:

No major changes in the operation of the company for the reported year.

Deposits :

The Company has not accepted any deposits from public in the year under review.

Responsibility Statement:

The Director's Confirm:

a) That in the preparation of the annual accounts, the applicable accounting standards have been followed and that no material departures have been made from the same.

b) That they have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give true and fair view of the state of affairs of the Company at the end of the financial year and of the profit or loss of the Company for that period;

c) That they have taken proper and sufficient care for the maintenance of adequate accounting records in accor dance with the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detect ing frauds and other irregularities;

d) That they have prepared the annual accounts on a going concern basis.

Technology:

The company is using modern technology available for the entire manufacturing process. The management has full attention to get the maximum yield and fine quality with minimum energy requirement.

Foreign Exchange Earnings and Outgo:

There is no inflow or outflow of foreign exchange during the year.

Vigil Mechanism: The Company has established vigil mechanism and adopted whistle blower policy for directors and employees to report concerns about unethical behavior, actual or suspected fraud or violation of the company's code of conduct or ethics policy. '

Directors and Managers:

Mr. Mayur Sundrawat Director of the Company is retire by rotation and is eligible offer himself for reappointment. Particulars of Employees:

As per provision of section 197(2) , read with 5(1) of the companies (Appointment and Remuneration of Managerial Personnel)Rules 2014, the payment of remuneration to Directors are as follows:

1) Shri Mahaveer Sundrawat Rs. 4.80 Lacs

2) Shri Mayur Sundrawat Rs 3.00 Lacs

No employee employed throughout the financial year and in receipt of remuneration of Rs 60.00 lacs or more or employed for part of the year and in receipt of Rs. 5.00 lacs or more a month , under 5(2) of the companies (Appointment and Remuneration of Managerial Personnel)Rules 2014.

Auditor's and Auditors Report:

Ms, Surendra Kumar Jain & Company, retires and is eligible for appointment as Auditors.

The auditor has raised following two qualification in its report about income tax demand and unsecured loans. In reply to the qualification the directors states that Income Tax demand of Rs.08.39 Lacs disputed by company for which company has made application for rectification of error U/s154 and same is pending under consideration of the department. A brought forward unsecured loan amount of Rs.08.90 lacs taken from Director Shri Mahaveer Sundrawat is pending for the payment.

Secretarial Audit: The Company has appointed M/s. B.L. Harawat and Associates, Company Secretaries as Secretarial Auditors to conduct the audit of secretarial and related records of the Company for the FY ended 31 st March, 2015.

Particulars of Loans, guarantees or investments u/s 186: No loan or guarantee is extended by the company so as to attract the provision of above mentioned section.

Related Party Contracts or arrangements During the year under review the company had not entered into any related party contracts.

Material Changes & Commitments affecting financial position of the Company, occurring after Balance Sheet Date: There remains no material change affected after the date of Balance which need to be mentioned specifically.

Energy Conservation, Technology absorption, FOREX earnings & outgo; No forex transaction took place during the year by the company.

A. Power Consumptions: As on As on 31.03.2015 31.03.2014

Item

Units 211128 202326

Total Amount 1533848 1424256

Rate/Unit 7.27 07.03

Corporate Social Responsibility:

Provisions of section 135 of the Companies Act, 2013 read with Companies (Corporate Social Responsibility Policy) Rules, 2014 are not applicable to the company.

Employee's Relations:

Relations between the management and employees Tinny the year under review. The Director's place on records their appreciations of the efficient and loyal rendered by the employee's at all levels.

Insider Trading Regulations:

Based on the requirements under SEBI (Prohibition of Insider Trading) Regulations, 1992, as amended from time to time, the Company has adopted Code of Conduct for prevention of Insider Trading and the same is in force

Corporate Governance:

The Corporate Governance report for the year ended as on 31.03.2015, as per requirement of Clause 49 of Listing Agree- ment has been given separately in the annexure. '

Acknowledgement:

The Director's wish to express their deep appreciations and gratitude's to Banker's, Financial Institution's, all central and state level departments for their valued supports.

For & on behalf of the Board.

-sd- (Mahavir N Sundrawat) Managing Director

Place: Banswara Date -.26.04.2015

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Mar 31, 2014

Dear Members,

The Directors have pleasure in presenting their 22nd Annual Report of the Company together with the Audited Accounts of the Company for the financial year ended as on 31.03.2014.

Financial Results:

The financial results of the Company for the year under review are summarized as under.

(Rs in Lacs) (Rs in Lacs) 31.03.2014 31.03,2013

Turnover 122.80 113.10

Other Income 00.00 00.00

Profit (Loss) before taxations (75.33) 04.32

Balance b/f from last year. (01.49] (04.40]

Provisions / Prior period adjustments. 01.13 01.41

: Carried to Balance Sheet (77.95) (01.49)

Dividends:

No dividend was considered by the Director for the year.

Operations:

No major changes in the operation of the company for the reported year.

Fixed Deposits:

The Company has not accepted any deposits from public in the year under review.

Responsibility Statement:

The Director's Confirm : .

a) That in the preparation of the annual accounts, the applicable accounting standards have been followed and that no material departures have been made from the same.

b) That they have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give true and fair view of the state of affairs of the Company at the end of the financial year and of the profit or loss of the Company for that period;

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

d) That they have prepared the annual accounts on a going concern basis.

Statutory Informations:

i) Since, no employee's covered under Section 217(2A), of the Companies Act, 1956 the information required under Section is not given.

ii) Conservations of Energy, Technology, Foreign Exchange Earnings :

Information pursuant to Section 217(1) of the Companies Act, 1956 read with Companies (Disclosures in Report of the Board of Directors) Rules 1988 are as follows.

A. Power Consumptions : 31.03.2014 31.03.2013

Item Units 202326 242822

Total Amount 1424256 1641165

Rate/Unit 7.03 06.76

B. Technology:

The company is using modern technology available for the entire manufacturing process. The management has full atten- tion to get the maximum yield and fine quality with minimum energy requirement.

C. Foreign Exchange Earnings and Outgo :

There in no inflow or outflow of foreign exchange during the year.

Director's:

Mr. Sanjay M Devedia Director of the Company is retire by rotation and is eligible offer himself for reappointment. Auditor's:

Ms, Surendra Kumar Jain & Company, retire and are eligible for appointment as Auditors.

Employee's Relations:

Relations between the management and employees remain cordial during the year under review. The Director's place on records their appreciations of the efficient and loyal services rendered by the employee's at all levels.

Corporate Governance:

The Corporate Governance report for the year ended as on 31.03.2014, as per requirement of Clause 49 of Listing Agreement has been given separately in the annexure.

Acknowledgement:

The Director's wish to express their deep appreciations and gratitude's to Banker's, Financial Institution's, all central, and state level departments for their valued supports.

For & on behalf of the Board.

-sd- (Mahavir N Sundrawat) Managing Director

Place: Banswara Date : 04.08.2014

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Mar 31, 2013

Dear Members,

The Directors have pleasure in presenting their 21th Annual Report of the Company together with the Audited Accounts of the Company for the financial year ended as on 31.03.2013.

Financial Results :

The financial results of the Company for the year under review are summarized as under. (Rs in Lacs) (Rs in Lacs) Item As on As on 31.03.2013 1.03.2012

Turnover 113.10 113.65

Other Income 00.00 00.00

Profit (Loss) before taxations 04.32 05.80

Balance b/f from last year. (04.40) (10.40)

Provisions / Prior period adjustments. (01.41) (00.19)

Carried to Balance Sheet (01.49) (04.40)

Dividends :

No dividend was considered by the Director for the year.

Operations :

No major changes in the operation of the company for the reported year.

Fixed Deposits :

The Company has not accepted any deposits from public in the year under review.

Responsibility Statement:

The Director''s Confirm :

a) That in the preparation of the annual accounts, the applicable accounting standards have been followed and that no material departures have been made from the same.

b) That they have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give true and fair view of the state of affairs of the Company at the end of the financial year and of the profit or loss of the Company for that period;

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

d) That they have prepared the annual accounts on a going concern basis.

Statutory Informations :

i) Since, no employee''s covered under Section 217(2A), of the Companies Act, 1956 the information required under Section is not given.

ii) Conservations of Energy, Technology, Foreign Exchange Earnings :

Information pursuant to Section 217(1) of the Companies Act, 1956 read with Companies (Disclosures in Report of the Board of Directors) Rules 1988 are as follows.

A. Power Consumptions : As on As on

31.03.2013 31.03.2012

Item

Units 242822 285354

Total Amount 1641165 1647230

Rate/Unit 06.76 05.78

B. Technology :

The company is using modern technology available for the entire manufacturing process. The management has full attention to get the maximum yield and fine quality with minimum energy requirement.

C. Foreign Exchange Earnings and Outgo :

There in no inflow or outflow of foreign exchange during the year.

Director''s :

Mr. Mayur Sundrawat Director of the Company is retire by rotation and is eligible offer himself for reappointment.

Auditor''s :

Ms, Surendra Kumar Jain & Company, retire and are eligible for appointment as Auditors.

Employee''s Relations :

Relations between the management and employees remain cordial during the year under review. The Director''s place on records their appreciations of the efficient and loyal services rendered by the employee''s at all levels.

Corporate Governance :

The Corporate Governance report for the year ended as on 31.03.2013, as per requirement of Clause 49 of Listing Agreement has been given separately in the annexure.

Acknowledgement :

The Director''s wish to express their deep appreciations and gratitude''s to Banker''s, Financial Institution''s, all central, and state level departments for their valued supports.

For & on behalf of the Board.

-sd-

(Mahavir N Sundrawat)

Managing Director

Place : Banswara

Date : 13.07.2013

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Mar 31, 2012

The Directors have pleasure in presenting their 20th Annual Report of the Company together with the Audited Accounts of the Company for the financial year ended as on 31.03.2012.

Financial Results:

The financial results of the Company for the year under review are summarized as under.

(Rs in Lacs)

Item As on As on 31.03.2012 31.03.2011

Turnover 113.65 111.61

Other Income 00.00 00.00

Profit (Loss) before taxations 05.80 06.44

Balance b/f from last year. (10.40) (16.83)

Provisions / Prior period adjustments. 00.19 00.00

Carried to Balance Sheet (04.40) (10.40)

Dividends:

The Directors has not recommended any dividend for the year under consideration.

Operations:

The operation of the company remained more or less same as reported last year.

Fixed Deposits:

The Company has not accepted any deposits from public in the year under review.

Responsibility Statement:

The Director’s Confirm:

a) That in the preparation of the annual accounts, the applicable accounting standards have been followed and that no material departures have been made from the same.

b) That they have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give true and fair view of the state of affairs of the Company at the end of the financial year and of the profit or loss of the Company for that period;

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

d) That they have prepared the annual accounts on a going concern basis.

i) Since, no employee's covered under Section 217(2A), of the Companies Act, 1956 the information required under Section is not given.

ii) Conservations of Energy, Technology, Foreign Exchange Earnings:

Information pursuant to Section 217(1) of the Companies Act, 1956 read with Companies (Disclosures in Report of the Board of Directors) Rules 1988 are as follows.

A. Power Consumptions: As on As on 31.03.2012 31.03.2011

Item

Units 285354 365340

Total Amount 1647230 1816269

Rate/Unit 05.78 04.98

B. Technology:

The company is using modern technology available for the entire manufacturing process. The management has full attention to get the maximum yield and fine quality with minimum energy requirement.

C. Foreign Exchange Earnings and Outgo:

There in no inflow or outflow of foreign exchange during the year.

Directors:

Mr. Bhupendra S Jain Director of the Company is retire by rotation and is eligible offer himself for reappointment.

Auditor’s

Ms, Surendra Kumar Jain & Company, retires and is eligible for appointment as Auditors.

Employee’s Relations:

Relations between the management and employees remain cordial during the year under review. The Director's place on records their appreciations of the efficient and loyal services rendered by the employee’s at all levels.

Corporate Governance: The Corporate Governance report for the year ended as on 31.03.2012, as per requirement of Clause 49 of Listing Agreement has been given separately in the annexure.

Acknowledgement:

The Director's wish to express their deep appreciations and gratitude's to Banker's, Financial Institution’s, all central, and state level departments for their valued supports.

For & on behalf of the Board.

-sd-

(Mahavir N Sundrawat)

Managing Director

Place: Banswara

Date : 28.07.2012

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Mar 31, 2011

Dear Members,

The Directors have pleasure in presenting their Nineteenth Annual Report of the Company together with the Audited Accounts of the Company for the financial year ended as on 31.03.2011.

Financial Results :

The financial results of the Company for the year under review are summarized as under.

(Rs in Lacs) (Rs in Lacs)

Item As on As on 31.03.2011 31.03.2010

Turnover 111.61 114.45

Other Income 00.00 00.00

Profit (Loss) before taxations 06.44 07.26

Balance b/f from last year. (16.83) (24.09)

Provisions / Prior period adjustments. (00.00) (00.00)

Carried to Balance Sheet (10.39) (16.83)

Dividends:

In view of accumulated losses management has decided not to declare any dividend for the current year.

Operations:

The scale of operations of the company remains more or less at same level as reported last year. Management is trying to find out the ways to improve the operation of the company.

Fixed Deposits :

The Company has not accepted any deposits from public in the year under review.

Responsibility Statement:

The Director's Confirm :

a) That in the preparation of the annual accounts, the applicable accounting standards have been followed and that no material departures have been made from the same.

b) That they have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give true and fair view of the state of affairs of the Company at the end of the financial year and of the profit or loss of the Company for that period;

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

d) That they have prepared the annual accounts on a going concern basis.

Statutory Informations:

i) Since, no employee's covered under Section 217(2A), of the Companies Act, 1956 the information required under Section is not given.

ii) Conservations of Energy, Technology, Foreign Exchange Earnings :

Information pursuant to Section 217(1) of the Companies Act, 1956 read with Companies (Disclosures in Report of the Board of Directors) Rules 1988 are as follows.

A. Power Consumptions: As on As on 31.03.2011 31.03.2010

Item Units 365340 385510

Total Amount 1816269 1912957

Rate/Unit 04.98 04.97

B. Technology:

The company is using modern technology available for the entire manufacturing process. The management has full attention to get the maximum yield and fine quality with minimum energy requirement.

C. Foreign Exchange Earnings and Outgo :

There in no inflow or outflow of foreign exchange during the year.

Director's :

Mr. Mayur Sundrawat Director of the Company is retire by rotation and is eligible offer himself for reappointment.

Auditor's :

Ms, Surendra Kumar Jain & Company, retire and are eligible for appointment as Auditors.

Employee's Relations :

Relations between the management and employees remain cordial during the year under review. The Director's place on records their appreciations of the efficient and loyal services rendered by the employee's at all levels.

Corporate Governance :

The Corporate Governance report for the year ended as on 31.03.2011, as per requirement of Clause 49 of Listing Agreement has been given separately in the annexure.

Acknowledgement:

The Director's wish to express their deep appreciations and gratitude's to Banker's, Financial Institution's, all central, and state level departments for their valued supports.

For & on behalf of the Board.

(Mahavir N Sundrawat) Managing Director

Place : Banswara Date : 13.07.2011