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Directors Report of Rajsanket Realty Ltd.

Mar 31, 2014

Dear Members,

The Directors present their 29th Annual Report and the Audited Annual Accounts for the year ended 31st March, 2014.

1) Financial Results & Operations:

During the year under review your company has made a Loss before tax of Rs. (5,70,14,198) /- (Previous year''s profit before tax of Rs. 44,78,432/-).

2) Dividend:

In view of loss, your Directors do not recommend any dividend.

3) Public Deposit:

The company has not invited/accepted any deposit from the Public during the year under review.

4) Auditors'' Report:

The Auditors'' Report to the Shareholders does not contain any qualifications.

5) Requirement under Section 217(1) (e) of the Companies Act, 1956:

Information as per Section 217(1)(e) read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988 regarding conservation of energy, technology absorption are not applicable to the Company.

Foreign Exchange Earnings And Outgo

During the year, the expenditure in foreign currency was Rs.99,40,466/- (Previous year Rs.21,52,352/-).

During the year earnings in Foreign currency was Rs. Nil (Previous year Rs. Nil).

6) Personnel:

The Company does not have any employee drawing remuneration as stipulated under section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975.

7) Directors:

Shri Anuj M. Patel, Director retires by rotation from the Board and being eligible, offers himself for reappointment. The above appointments require approval of the Shareholders. The Board recommends their reappointment.

8) Auditors:

The retiring auditors M/s. Chandan Parmar & Co., Chartered Accountants have shown their willingness for reappointment as Auditors for the next year.

9) Director''s Responsibility Statement:

Pursuant to the requirement under section 217(2AA) of the Companies Act, 1956, with respect to Directors'' Responsibility Statement, it is hereby confirmed:

i) That in the preparation of accounts for the financial year ended 31-03-2014; the applicable Accounting Standards have been followed,

ii) That the Directors have selected such accounting policies and applied them consistently and made judgment and estimates 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 and loss of the Company for the year under review,

iii) That 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.

iv) That the Directors have prepared the accounts for the year ended 31st March 2014, on a "Going Concern" basis.

Note: Notes given in the notes forming part of accounts are self-explanatory, therefore it does not require any explanation from the Board.

By order of the Board Rajsanket Realty Limited

Whole-time Director Mumbai, May 29, 2014


Mar 31, 2010

The Directors present their 25th Annual Report and the Audited Annual Accounts for the year ended 31st March, 2010.

1) Financial Results & Operations:

During the year under review your company has made a profit before tax of Rs.201,384/- (Previous years profit before tax of Rs.5,81,555/-).

2) Dividend:

In view of little profit, your Directors do not recommend any dividend.

3) Public Deposit:

The company has not invited/accepted any deposit from the Public during the year under review.

4) Requirement under Section 217(1) (e) of the Companies Act, 1956:

Information as per Section 217(1)(e) read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988 regarding conservation of energy, technology absorption are not applicable to the Company. There were no foreign exchange earnings and outgo during the current period.

5) Personnel:

The Company does not have any employee drawing remuneration as stipulated under section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975.

6) Directors:

Shri Jignesh P. Waghela, Director retires by rotation from the Board and being eligible, offers himself for reappointment. The above appointments require approval of the Shareholders. The Board recommends their reappointment.

7) Auditors: The retiring auditors M/s.Chandan Parmar & Co., Chartered Accountants have shown their willingness for reappointment as Auditors for the next year.

8) Directors Responsibility Statement:

Pursuant to the requirement under section 217(2AA) of the Companies Act, 1956, with respect to Directors Responsibility Statement, it is hereby confirmed:

i) That in the preparation of accounts for the financial year ended 31-03-2010; the applicable Accounting Standards have been followed,

ii) That the Directors have selected such accounting policies and applied them consistently and made judgment and estimates 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 and loss of the Company for the year under review,

iii) That 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.

iv) That the Directors have prepared the accounts for the year ended 31st March 2010, on a :Going Concern" basis.

Note: Notes given in the notes forming part of accounts are self-explanatory; therefore it does not require any explanation from the Board.

For and on behalf of the Board of Directors

Place : Mumbai. Haresh V. Sutaria

Date : 29th May 2010 Director



 
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