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Directors Report of Prism Medico and Pharmacy Ltd.

Mar 31, 2014

Dear Members,

The Directors present the 12th Annual Report together with the Audited Financial Statements of the Company for the year ended 31st March, 2014.

FINANCIAL HIGHLIGHTS:

(Rs. in Lacs)

Particulars Year Ended Year Ended 31st March, 2014 31st March, 2013

Total Revenue Nil 6.07

Less : Total Expenditure 5.07 24.74

Profit / (Loss) before tax (5.07) (18.67)

Less : Provision for Taxation

- Income Tax Nil Nil

- Deferred Tax Nil Nil

Profit / (Loss) After tax (5.07) (18.67)

Balance of Profit/(Loss) as per last Balance Sheet (29.63) (10.97)

Balance of Profit/(Loss) carried to Balance Sheet (34.70) (29.63)

REVIEW OF OPERATIONS:

During the year under review, the Company did not earn any revenue as against Rs. 6.07 Lacs in the previous year. The Loss before tax is Rs. 5.07 Lacs as against loss of Rs. 18.67 Lacs in previous year. The Loss after tax was Rs. 5.07 Lacs as against loss of Rs.18.67 Lacs in the previous year. Your directors expect better performance & recovery of losses in the coming years.

DIVIDEND:

In view of the loss incurred during the year, the Board of Directors do not recommend any payment of Dividend for the year under review.

DIRECTORS:

In accordance with the provisions of Section 152 of the Companies Act, 2013 read with Companies (Management & Administration) Rules, 2014, and the Articles of Association of the Company, Mr. Alok Pathak, Director of the Company retires by rotation at the ensuing Annual General Meeting and being eligible, has offered himself for re-appointment. Your Board recommends for his re-appointment. Further, the Board of Directors of the Company appointed Mr. Kuldeep Kumar and Mr. Jatin Aggarwal as Additional (Independent) Directors of the Company w.e.f 18th August, 2014.

In terms of the Provisions of Section 161 of the Companies Act, 2013, Mr. Kuldeep Kumar and Mr. Jatin Aggarwal hold office as such up to the date of ensuing Annual General Meeting of the Company. The Company has received notices from directors themselves under Section 160 of the Companies Act, 2013 together with necessary deposit proposing their candidature for the office of Director of the Company. The Board recommends for their appointment as Directors of the Company.

Mr. Venkatraman Chandrashekar and Mrs. Madhulika Gautam, Directors of the Company has resigned from the Directorship of the Company w.e.f. 15th July, 2014 and 18th August, 2014 respectively. The Board places on record its appreciation for their valuable contribution made during their tenure as Directors of the Company.

DIRECTORS'' RESPONSIBILITY STATEMENT:

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

1. In the preparation of the Annual Accounts for the year ended 31st March, 2014, the applicable accounting standards have been followed and no material departures have been made from the same;

2. 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 as at 31st March, 2014 and loss of the Company for the year ended on that date;

3. 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 for preventing and detecting fraud and other irregularities and;

4. The Directors have prepared the accounts for the financial year ended 31st March, 2014 on a ''Going Concern Basis''.

AUDITORS:

M/s. R. Mahajan & Associates, Chartered Accountants, New Delhi, the Statutory Auditors of your Company hold office up to the conclusion of the ensuing Annual General Meeting and are eligible for re-appointment. The Company has received a certificate from them to the effect that their re-appointment, if made, would be in compliance with the conditions as prescribed under Section 139 of the Companies Act, 2013 and they satisfy the criteria as provided under Section 141 of the Act.

Your Directors recommend the re-appointment of M/s. R. Mahajan & Associates, Chartered Accountants, New Delhi as the Statutory Auditors of the Company to hold office from the conclusion of ensuing Annual General Meeting until the conclusion of the next Annual General Meeting and to audit financial statements for the financial year 2014-15.

PUBLIC DEPOSITS:

During the year under review the company has neither accepted nor renewed any deposits within the meaning of Section 58A and 58AA of the Companies Act, 1956.

SECRETARIAL COMPLIANCE CERTIFICATE:

Pursuant to the provisions of Section 383A of the Companies Act, 1956, the Company has received Secretarial Compliance Certificate from M/s. Manish Ghia & Associates, Practicing Company Secretary, Mumbai and attached to this report.

CORPORATE GOVERNANCE:

The Company does not fall in any of the criteria prescribed under Clause 49 of the listing agreement for compliance of Corporate Governance. However, the Company is always committed towards good Corporate Governance.

LISTING OF SHARES

The shares of the Company are listed on the BSE Limited and the Company has paid the listing fees for the financial year 2014-2015.

STATUTORY INFORMATION:

a) Particulars of Employees:

No employees was in receipt of remuneration exceeding the limits as prescribed under the provisions of Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975, as amended, hence your directors have nothing to report in this regard.

b) Particulars regarding Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo:

Considering the nature of business activities carried out by the Company, your directors have nothing to report regarding Conservation of energy, research and development and technology absorption as required under Section 217(1)(e) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules 1988 and Companies (Accounts) Rules 2014. However, the Company makes its best efforts for conservation of energy.

There were no Foreign Exchange earnings /outgoings during the year under review.

ACKNOWLEDGEMENT:

Your Directors take this opportunity to place on record their sincere appreciation and acknowledge with gratitude the assistance, co-operation and support extended to your company by bankers, clients, employees as well as the investing community and look forward to their continued support.

For and on Behalf of the Board of Directors

Place: Mumbai Praneet Gautam Alok Pathak Date: 18th August, 2014 Managing Director Director


Mar 31, 2013

To, The Members,

The Directors present the Annual Report of your Company together with the Audited Financial Statements of Accounts for the year ended 31st March 2013.

FINANCIAL RESULTS:

(Rs.in Lacs) Particulars Year Ended Year Ended 31st March, 2013 31st March, 2012

Total Revenue 6.07 8.79

Less : Total Expenditure 24.74 18.79

Profit / (Loss) before tax (18.67) (10.00)

Less : Provision for Taxation

- Income Tax

- Deferred Tax

Profit / (Loss) After tax (18.67) (10.00)

Balance of Profit/(Loss) as per last Balance Sheet (10.97) (0.97)

Balance of Profit/(Loss) carried to Balance Sheet (29.63) (10.97)

REVIEW OF OPERATIONS:

During the year under review, the Company earned total revenue of Rs. 6.07 Lacs as against Rs. 8.79 Lacs in the previous year. The Loss before tax is Rs. 18.67 Lacs as against loss of Rs. 10 Lacs in previous year. The Loss after tax was Rs. 18.67 Lacs as against loss of Rs. 10 Lacs in the previous year. Your Directors expect better performance and recovery of losses in the coming years.

DIVIDEND:

In view of the loss incurred during the year, the Board of Directors do not recommend any payment of Dividend for the year under review.

DIRECTORS:

In accordance with the provisions of Section 256 of the Companies Act, 1956 and the Articles of Association of the Company, Mrs. Madhulika Gautam, Director of the Company retires by rotation at the ensuing Annual General Meeting and being eligible, has offered herself for re-appointment and your Board recommends her re-appointment.

The Board of Directors of your Company appointed Mr. Venkatraman Chandrashekar and Mr. Praneet Gautam w.e.f. 19th April, 2013 and Mr. Alok Pathak w.e.f. 23rd April, 2013 as Additional Directors of the Company.

In terms of the provisions of the Section 260 of the Companies Act, 1956, Mr. Venkatraman Chandrashekar, Mr. Praneet Gautam and Mr. Alok Pathak holds the office as Additional Directors upto the date of Annual General Meeting. The Company has received notices pursuant to Section 257 of the Companies Act, 1956 together with necessary deposit proposing their candidature for the office of Directors of the Company. Your Board recommends their appointment as Directors of the Company.

Further, the Board of Directors in their meeting held on 23rd April, 2013 appointed Mr. Praneet Guatam as Managing Director of the Company for a period of 5 years w.e.f 23rd April, 2013, subject to approval of shareholders'' of the Company and other authorities, if any. Your Board recommends for his appointment as Managing Director of the Company.

During the year under review, Mr. Virendra Jain and Dr. Anand Dubey have resigned from the post of Directorship of the Company w.e.f. 19th April, 2013 and 23rd April, 2013 respectively. Your directors place their sincere appreciation for the valuable service and guidance extended by them to the Company during their tenure.

DIRECTORS'' RESPONSIBILITY STATEMENT:

Pursuant to the requirements under Section 217 (2AA) of the Companies Act 1956, your Directors hereby state and confirm that:

1. in the preparation of the Annual Accounts for the year ended 31st March, 2013, the applicable accounting standards have been followed and no material departures have been made from the same;

2. 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 as at 31st March, 2013 and loss of the Company for the year ended on that date;

3. 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 for preventing and detecting fraud and other irregularities; and

4. the directors have prepared the accounts for the financial year ended 31st March, 2013 on a ''Going Concern Basis''.

AUDITORS:

M/s. R. Mahajan & Associates, Chartered Accountants, New Delhi, (FRN: 011348N) Statutory Auditors of the Company hold office up to the conclusion of the ensuing Annual General Meeting of the Company. The Company has received a letter from them to the effect that their re-appointment, if made, would be in conformity with the provisions of Section 224(1B) of the Companies Act, 1956.

The Board recommends re-appointment of M/s. R. Mahajan & Associates, Chartered Accountants, as Statutory Auditors of the Company to hold office from the conclusion of ensuing Annual General Meeting upto the conclusion of next Annual General Meeting of the Company.

PUBLIC DEPOSIT:

Your Company has neither accepted nor renewed any deposit within the meaning of Section 58A and 58AA of the Companies Act, 1956 and rules made thereunder during the year ended 31st March 2013.

SECRETARIAL COMPLIANCE CERTIFICATE:

Pursuant to the provisions of Section 383A of the Companies Act, 1956, the Company has received Secretarial Compliance Certificate from M/s. Manish Ghia & Associates, Practising Company Secretary, Mumbai and forming part of this report.

CORPORATE GOVERNANCE:

The Company does not fall in any of the criteria prescribed under Clause 49 of the Listing Agreement for compliance of Corporate Governance. However, the Company is always committed towards good Corporate Governance.

LISTING OF SHARES:

The shares of the Company are listed at BSE Limited and the Company has paid the listing fees for the financial year 2013-2014.

STATUTORY INFORMATION:

1. Particulars of Employees:

No employees was in receipt of remuneration exceeding the limits as prescribed under the provisions of Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975, as amended, hence your director have nothing to report in this regard.

2. Particulars regarding Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo:

Considering the nature of business activities carried out by the Company, your directors have nothing to report regarding Conservation of Energy, Research and Development and Technology Absorption as required under section 217(1)(e) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules 1988. However, the Company makes its best efforts for conservation of energy.

There were no Foreign Exchange earnings /outgoings during the year under review.

ACKNOWLEDGEMENT:

Your Directors take this opportunity to place on record their sincere appreciation and acknowledge with gratitude the assistance, co-operation and support extended to your Company by bankers, clients, employees as well as the investing community and look forward to their continued support.

For and on Behalf of the Board of Directors

Place: Mumbai Praneet Gautam Venkatraman Chandrashekar

Date: 23rd May, 2013 Managing Director Director


Mar 31, 2012

The Directors present the Annual Report of your Company together with the Audited Statements of Accounts for the year ended 31st March, 2012.

FINANCIAL RESULTS:

(Rs. in Lacs)

Particulars Year Ended Year Ended 31.03.2012 31.03.2011

Total Revenue 8.79 9.89

Less : Total Expenditure 18.79 19.95

Profit/(Loss) before tax (10.00) (10.06)

Less : Provision for Taxation

- Income Tax Nil Nil

- Deferred Tax Nil 2.24

Profit/(Loss) After tax (10.00) (12.30)

Balance of Profit/(Loss) as per last Balance Sheet (0.97) 11.33

Balance of Profit/(Loss) carried to Balance Sheet (10.97) (0.97)

OPERATIONS:

During the year under review, the Company earned a total revenue of Rs. 8.79 Lacs as against Rs. 9.89 Lacs in the previous year. The Loss before tax was Rs. 10.00 Lacs as against loss of Rs. 10.06 Lacs in previous year. The Loss after tax was Rs. 10.00 Lacs as against loss of Rs. 12.30 Lacs in the previous year.

With the sign of overall growth in the economy, your Directors expect better performance & recovery of losses in the coming years.

DIVIDEND:

In view of the loss incurred during the year, the Board of Directors do not recommend any payment of Dividend for the year under review.

DIRECTORS:

In accordance with the provisions of Section 256 of the Companies Act, 1956 and the Articles of Association of the Company, Dr. Anand Dubey, Director of the Company retires by rotation at the ensuing Annual General Meeting and being eligible, has offered himself for re-appointment and your Board recommends for his re-appointment.

During the year under review, Mr. Umesh Chamdia has resigned from the Directorship of the Company w.e.f. 9th November, 2011. Your director place their sincere appreciation for the valuable service and guidance extended by him to the Company during his tenure.

DIRECTORS' RESPONSIBILITY STATEMENT:

Pursuant to the requirements under Section 217 (2AA) of the Companies Act 1956, your Directors hereby state and confirm that:

1. In the preparation of the Annual Accounts for the year ended 31st March, 2012, the applicable accounting standards have been followed and no material departures have been made from the same;

2. 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 as at 31st March, 2012 and loss of the Company for the year ended on that date;

3. 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 for preventing and detecting fraud and other irregularities;

4. The Directors have prepared the accounts for the financial year ended 31st March, 2012 on a going concern basis.

CHANGE OF NAME OF THE COMPANY:

The name of the Company has been changed from Woolite Mercantile Company Limited to Prism Medico and Pharmacy Limited pursuant to the Special Resolution passed by the members of the Company through postal ballot process, the result of which was announced on 2nd December, 2011. The Fresh Certificate of Incorporation consequent upon the change of name of the Company was issued by the Registrar of Companies, Maharashtra, Mumbai on 9th January, 2012.

AUDITORS:

M/s. R. Mahajan & Associates, Chartered Accountants, New Delhi, the Statutory Auditors of the Company hold office up to the conclusion of the ensuing Annual General Meeting of the Company. The Company has received a letter from them to the effect that their re-appointment, if made, would be in conformity with the provisions of Section 224(1B) of the Companies Act, 1956.

The Board recommends re-appointment of M/s. R. Mahajan & Associates, Chartered Accountants, as the Statutory Auditors of the Company to hold office from the conclusion of ensuing Annual General Meeting upto the conclusion of next Annual General Meeting of the Company.

AUDIT QUALIFICATION:

Auditors' remarks with regard to delay in payment of statutory dues are self explanatory.

PUBLIC DEPOSIT:

Your Company has neither accepted nor renewed any deposit within the meaning of Section 58A and 58AA of the Companies Act, 1956 and rules made thereunder during the year ended 31st March, 2012.

SECRETARIAL COMPLIANCE CERTIFICATE:

Pursuant to the provisions of Section 383A of the Companies Act, 1956, the Company has received Secretarial Compliance Certificate from M/s. Manish Ghia & Associates, Practising Company Secretary, Mumbai and attached to this report.

SALE OF INVESTMENTS:

During the year under review, the Company has sold its entire investment in 1,00,000 Equity Shares of Rs. 10/- each of Prism Medical and Pharmacy Private Limited and consequently it ceases to be subsidiary of the Company w.e.f. 12th March, 2012.

CORPORATE GOVERNANCE:

The Company does not fall in any of the criteria prescribed under Clause 49 of the listing agreement for compliance of Corporate Governance. However, the Company is always committed towards good Corporate Governance.

RESOLUTIONS PASSED THROUGH POSTAL BALLOT:

During the year 2011-12, the Company conducted a postal ballot process for seeking approval of the members of the Company for following matters:

1. Special Resolution u/s 17 of the Companies Act, 1956 for amendment in object clause of Memorandum of Association of the Company.

2. Special Resolution u/s 149(2A) of the Companies Act, 1956 for commencing and undertaking new business activities specified in sub-clause 135 of Clause III i.e. Other objects clause of the Memorandum of Association of the Company.

3. Special Resolution u/s 21 read with Section 23 of the Companies Act, 1956 to change the name of the Company from "Woolite Mercantile Company Limited" to "Prism Medico And Pharmacy Limited.", subject to the approval of Registrar of Companies, Maharashtra, Mumbai.

4. Ordinary Resolution u/s 293(1)(d) of the Companies Act, 1956 to authorize the Board of Directors of the Company to take loan upto Rs. 100 Crores.

5. Ordinary Resolution u/s 293(1)(a) of the Companies Act, 1956 to authorize the Board of Directors of the Company to create charge on assets of the Company up to the limit as approved u/s 293(1)(d) of the Act.

The Company issued Postal Ballot Notice to its shareholders on 1st November, 2011. The postal ballot process was undertaken in accordance with the provisions of Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2011. Mr. Manish L. Ghia, Practising Company Secretary was appointed as Scrutinizer for conducting the Postal Ballot process. The result of the Postal Ballot process was announced on 2nd December, 2011. All the resolutions were passed with requisite majority.

LISTING OF SHARES:

The shares of the Company are listed on the BSE Limited and the Company has paid the listing fees for the financial year 2012-2013.

STATUTORY INFORMATION:

a) Particulars of Employees:

As required under the provisions of Section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975, as amended, no employees were in receipt of remuneration exceeding the limits as prescribed under that section and rules made thereunder, your directors has nothing to report in this regard.

b) Particulars regarding Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo:

Considering the nature of business activities carried out by the Company, your directors have nothing to report regarding Conservation of energy, research and development and technology absorption as required under section 217(1)(e) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules 1988. However, the Company makes its best efforts for conservation of energy.

There were no Foreign Exchange earnings/outgoings during the year under review.

ACKNOWLEDGEMENT:

Your Directors take this opportunity to place on record their sincere appreciation and acknowledge with gratitude the assistance, co-operation and support extended to your company by bankers, clients, employees as well as the investing community and look forward to their continued support.

For and on Behalf of the Board of Directors

Dr. Anand Dubey Virendrakumar Jain Director Director

Place : Mumbai Date : 28.05.2012


Mar 31, 2010

The Directors have pleasure in presenting Annual Report of your Company together with the Audited Statements of Accounts for the year ended 31st March,2010

FINANCIAL RESULTS: (Rupees in Lacs)

Particulars Year Ended Year Ended 31/03/2010 31/03/2009

Total Income 3.73 3.30

Profit/(Loss) before tax (7.27) 0.64

Less: Provision for Taxation 2.24 0.20

Profit/(Loss) After tax (5.02) 0.44

Balance brought forward from previous year 16.35 15.91

Balance carried to Balance Sheet 11.33 16.35

Operations:

During the year under review, the total income was Rs. 3.73 Lacs as against Rs. 3.30 Lacs in the previous year. The Loss before tax was Rs. 7.27 Lacs as against profit of Rs. 0.64 Lacs in the previous year. The Loss after tax was Rs. 5.02 Lacs as against profit of Rs. 0.44 Lacs in the previous year.

In view Of the losses suffered by the Company, your Directors do not recommend any Dividend for the year under review.

Your Company has neither accepted nor renewed any deposit within the meaning of Section 58Aand 58AA of the Companies Act,1956 during the year ended on 31st March 2010.

As per the provisions of the Companies Act, 1956 and Articles of Association of the Company, Mr. S. M. Zafar is retiring by rotation and being eligible offers himself for re-appointment. Your Directors recommend his re-appointment for your approval at the ensuing AnnuaI General Meeting.

During the year under review, Mr. Sridhar Bhupathi Raju, Mr. Nandan Pavan Surampudi and Mr. VijayaKumar R. Kalidindi resigned from the directorship of the company w.e.f. 19th June, 2009 and Mr. Subhash S. Dutta resigned we.f 24th June, 2009 due to pre-occupations. The Board will like to place on record their sincere appreciation for the services rendered by said director during their tenure.

SHIFTING OF REGISTERED OFFICE OF THE COMPANY:

During the year under ,the Company has taken approval of the members through the Postal , Ballot, Process under Section 192A of the Companies Act, 1956 read with Companies (Passing of Resolution by Postal Ballot) Rules, 2001 for shifting the registered office of the company from the state of West Bengal to the state of Maharashtra, the results of which was declared on 25th September 2009, subject to the approval of the Company Law Board, Eastern Region Bench, Kolkata.

Accordingly, after taking necessary approval from the Company Law Board, Eastern Region Bench, Kolkata, the registered office of the Company is shifted toE-18,6th Floor,Everest Building,Tardeo ,Mumbai 400034 we.f.17th June 2010.



DIRECTORS RESPONSIBILITY STATEMENTS:

Pursuant (2AA) of the Companies Act 1956, your Directors hereby state and confirm that:

i) In the preparation of the Annual Accounts for the year ended 31st March, 2010, the applicable accounting standards have been followed and no material departures have been made from the same.

ii) The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable andprudent so as to give a true and fair view of the state of affairs of the Company as at 31st March, 2010 and Loss of the Company for the year ended on that date.

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 for preventing and detecting fraud and other irregularities.

iv) TheDirectorshavepreparedtheaccountsforthefinancialyearended31stMarch,2010on a"goingconcern"basis.

M/s. R. Mahjan & Associates, Chartered Accountants, (FRN - 011348N), New Delhi , holds office upto the ensuing Annual General Meeting and being eligible, offer themselves for re-appointment and have further confirmed their eligibility under Sub- Section (1B) of Section 224 of the Companies Act, 1956.

The Company has subsequently made the statutory payment and therefore, has regularized its compliance. The remark in the Auditors Report is self explanatory.

In accordance with the provision of section 383A Of the Companies Act, 1956 a certificate from M/s. Manish Ghia &

Associates, Company Secretaries regarding the status on Compliance of the provisions of the Companies Act, 1956 is attached herewith.

The company does not fall in any of the criteria prescribed under the provisions of Section 292A of the Companies Act, 1956 and clause 49 of the listing agreement for constitution of Audit Committee and Compliance of Corporate Governance. Hence, the Compliance of the Constitution of Audit Committee and Compliance of Corporate Governance is not mandatory to the Company. However, the Company is always committed towards good Corporate Governance.

The Shares of the Company are listed with Bombay Stock Exchange Limited and the Company has paid the listing fees for the year2010-2011.

STATUTORY INFORMATION:

a) The relations remain cordial through out the year between employees and management.

The information as required by provisions of Section 217(2A) of the Companies Act, 1956 read with the Companies (Particular of employees) amendments rules, 1988 is reported to be NIL.

b) Disclosure of Particulars With Respect to:

section 217(11 )(e) of the Companies Act, 1956 read with the Companies (Disclosure of particulars in the Report of Board of Directors) Rules 1988, are reported to be NIL. However, the Company makes its best efforts for conservation of energy.

Your Directors would take this opportunity to express its deep appreciation for the assistance and co-operation received from Banks, Financial Institutions, other Business constituents and members during the year under review and also looks forward to their continued support in the future. Your Directors also wish to place on record their deep appreciation for the committed services of the employees of the Company.

By Order of the Board of Directors For Woolite Mercantile Company Ltd.

Place : Mumbai Umesh Chamdia Date : 30.06.2010 Chairman



 
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