Directors Report of Relson India Ltd.

Mar 31, 2014

Dear Members,

The Directors have pleasure in presenting the 28th Annual Report along with the audited Statement of Accounts for the year ended 31st March, 2014.

FINANCIAL PERFORMANCE

The performance of the Company for the financial year ended 31st March 2014 is summarized below:

(Amount in Rs.)

Particulars For the year end For the year end 31.03.2014 31.03.2013

Total Income 2,310,146 2,662,734

Less: Total Expenses 1,609,637 1,412,085

Net Profit Before Tax 700,509 1,250,649

Less: Tax Expenses 196,930 395,000

Net Profit for the Year 23,483,227 855,649

Add: Balance Brought forward from Previous Year 503,579 22,627,578

Balance carried to Balance sheet 23,986,806 23,483,227

DIVIDEND

Keeping in view the need to conserve the company''s resource, your Directors consider not declare any dividend during the year under the report.

FIXED DEPOSITS

Your Company has not accepted any fixed deposits from the public and is therefore not required to furnish information in respect of outstanding deposits under Non-Banking Financial Companies (Reserve bank) Directions, 1966 and Companies (Acceptance of Deposits) Rules, 1975.

DIRECTOR

Pursuant to the provision of section 255 of the companies Act, 1956 Ms. Anusuya Gupta director of the company, retires at the ensuing Annual General Meeting and being eligible, offers herself for reappointment.

DIRECTOR''S RESPONSIBILITY STATEMENT

In Accordance with the Requirements of Section 217(2AA) of the companies Act, 1956 your Directors wish to confirm the following:

i) That the applicable accounting standards have been followed in the preparation of Annual Accounts.

ii) That the directors have Selected such accounting Policies and Applied them consistently and made judgment and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company for that period;

iii) Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act for safeguarding the assets of the company and for prevention and detection of fraud and other irregularities.

iv) The annual account for the year ended March 31, 2014 have been prepared on a going concern basis.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUT GO:

The Particulars as required U/s 217 (1) (e) of the companies Act, 1956, read with companies (Disclosure of particulars in the Report of Board of Directors) Rules, 1988 relating to conservation of energy, Technology, Technology Absorption, Foreign Exchange Earning and outgo are not Applicable to the company, as the company does not carry out any manufacturing activity and has no dealing with foreign exchange.

PARTICULARS OF EMPLOYEES

The Particulars as required U/s 217 (2A) of the companies Act, 1956, read with companies (particular of employees), there was no employee drawing remuneration in excess amount prescribed under Section 217 (2A) of the Companies Act, 1956 during the year ended 31st March 2014.

AUDITORS

The present tenure of M/s. AVS & Co., Chartered Accountants, Mumbai Statutory Auditor of the Company is expiring on conclusion of ensuing Annual General Meeting. In pursuance of Section 139 (1) of Companies Act, 2013 it is proposed to appoint M/s. AVS & Co., Chartered Accountants, Mumbai for the further tenure of one year.

The Company has received consent by M/s. AVS & Co., Chartered Accountants, Mumbai to act as Statutory Auditor of the Company. If confirmed, the appointment will be made in accordance with Section 139(1) of the Companies Act, 2013 and the Rules made there under and they satisfy the criteria stipulated under the provisions of Section 141 of the Companies Act, 2013.

AUDITOR REPORT

The observation made in the Audit Report are self explanatory and therefore, do not call for any further comment U/s 217 of the Companies Act, 1956. The same have been noted for future compliance.

SECRETARIAL COMPLIANCE CERTIFICATE:

As required U/s 383 A of the Companies Act, 1956 a Secretarial Compliance Certificate from the Practicing Company Secretary is annexed hereto.

ACKNOWLEDGEMENT

The Board records its sincere appreciation for the continuing support and cooperation from bank, government authorities, shareholder, clients and staff of the Company.

For and on Behalf of the Board For RELSON INDIA LIMITED

Pravin Jain Place: Mumbai Director Date: 29.05.2014 DIN : 01390983

---

Mar 31, 2013

Dear Members

The Director have pleasure in presenting the 27th Annual Report along with the audited Statement of Accounts for the year ended 31st March, 2013.

(Rs. In lakhs)

FINANCIAL RESULTS CURRENT YEAR PREVIOUS YEAR

Net Profit for the Year 8,55,649 6,86,595

Add: Balance Brought forward from 22,627,578 21,940,983

Previous Year

Balance carried to Balance sheet 23,483,227 22,627,578

DIVIDEND

Keeping in view the need to conserve the company''s resource, your Directors consider not declare any dividend during the year under the report.

FIXED DEPOSITS

The Company has not accepted any fixed deposit during the year ended 31s1 March 2013.

DIRECTOR

Pursuant to the provision of section 255 of the companies Act, 1956 Mr. Pravin Jain director of the company, retires at the ensuing Annual General Meeting and being eligible, offers themselves for reappointment.

RESPONSIBILITY STATEMENT

In Accordance with the Requirements of Section 217(2AA) of the companies Act, 1956 your Directors wish to confirm the following:

i) that the applicable accounting standards have been followed in the preparation of Annual Accounts.

ii) that the directors have Selected such accounting Policies and Applied them consistently and made judgment and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company for that period;

iii) Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act for safeguarding the assets of the company and for prevention and detection of fraud and other irregularities.

iv) The annual account for the year ended March 31, 2013 have been prepared on a going concern basis.

CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUT GO

The Particulars as required U/s 217(1) (e) of the companies Act, 1956, read with companies (Disclosure of particulars in the Report of Board of Directors) Rules, 1988 relating to conservation of energy, Technology, Technology Absorption, Foreign Exchange Earning and outgo are not Applicable to the company, as the company does not cany out any manufacturing activity and has no dealing with foreign exchange.

PARTICULARS OF EMPLOYEES

The Particulars as required U/s 217(2A) of the companies Act, 1956, read with companies (particular of employees), there was no employee drawing remuneration in excess amount prescribed under Section 217(2A) of the Companies Act, 1956 during the year ended 31st March 2013.

AUDITORS

M/SAVS & Co., Chartered Accountants, the Auditors of the Company, retire at the ensuing Annual General Meeting and being eligible offer themselves for re-appointment.

AUDITOR REPORT

The observation made in the Audit Report are self explanatory and therefore, do not call for any further comment U/s 217 of the Companies Act, 1956 The same have been noted for future compliance.

ACKNOWLEDGEMENT

The Board records its sincere appreciation for the continuing support and cooperation from bank , government authorities, shareholder , clients and staff of the Company .

By order of the Board of directors

RELSON INDIA LIMITED

Sd/.

Pravin Jain

Dated: 29/05/2013 (DIRECTOR)

---

Mar 31, 2010

The Director have pleasure in presenting the 24,th Annual Report alongwith the audited Statement of Accounts for the year ended 31st March , 2010.

( Rs. In lakhs )

FINANCIAL RESULTS CURRENT YEAR PREVIUS YEAR

Net Profit for the Year 5,85,655 4,21,305

Add: Balance Brought forward from 20,954,181 20,532,876

Previous Year

Balance carried to Balance sheet 21,539,837 20,954,181



DIVIDEND

Keeping in view the need to conserve the companys resource, your Directors consider not declare any dividend during the year under the report.

FIXED DEPOSITS

The Company has not accepted any fixed deposit during the year ended 31s1 March 2010.

DIRECTOR

Pursuant to the provision of section 255 of the companies Act, 1956 Ms. Aparna Gupta director of the company, retires at the ensuing Annual General Meeting and being eligible, offers themselves for reappointment .

RESPONSIBILITY STATEMENT

In Accordance with the Requirements of Section 217(2AA) of the companies Act, 1956 your Directors wish to confirm the following:

i) that the applicable accounting standards have been followed in the preparation of Annual Accounts.

ii) that the directors have Selected such accounting Policies and Applied them consistently and made judgment and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company for that period;

iii) Proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act for safeguarding the assets of the company and for prevention and detection of fraud and other irregularities .

iv) The annual account for the year ended March 31 , 2010 have been prepared on a going concern basis .

CONSERVATION OF ENERGY . TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUT GO

The Particulars as required U/s 217(1) (e) of the companies Act, 1956, read with companies (Disclouser of particulars in the Report of Board of Directors) Rules, 1988 relating to conservation of energy, Technology, Technology Absorption, Foreign Exchange Earning and outgo are not Applicable to the company, as the,, company does not carry out any manufacturing activity and has no dealing with foreign exchange.

PARTICULARS OF EMPLOYEES

The Particulars as required U/s 217(2A) of the companies Act, 1956, read with companies (particular of employees), there was no employee drawing remuneration in excess amount prescribed under Section 217(2A) of the Companies Act, 1956 during the year ended 31st March 2010

AUDITORS

M/ S A V S & Co., Chartered Accountants , the Auditors of the Company , retire at the ensuing Annual General Meeting and being eligible offer themselves for re-appointment.

AUDITOR REPORT

The observation made in the Audit Report are self explanatory and therefore, do not call for any further comment U/s 217 of the Companies Act, 1956 The same have been noted for future compliance.

SECRETARIAL COMPLIANCE CERTIFICATE:

As required U/s 383 A of the Companies Act, 1956 a Secretarial Compliance Certificate from the

Practicing Company Secretary is annexed hereto.

ACKNOWLEDGEMENT

The Board records its sincere appreciation for the continuing support and cooperation from bank , government authorities, shareholder , clients and staff of the Company .

By order of the Board of directors

RELSON INDIA LIMITED

s/d Place: Mumbai PRAVIN JAIN

Dated: .29.05.2010 (DIRECTOR)

---

Mar 31, 2003

1.The Directors have pleasure in submitting the 17th Annual Report together with Audited Statement of Accounts for the year ended 31st March, 2003.

2. The company has made a Loss of Rs. 22,93,771/- as against a profit of Rs. 62,476/- for the previous year. Your Directors regret to express their inability to recommend any dividend.

3. Company has not accepted any Deposit from Public during the year falling within purview of Section 58A of the companies Act, 1956.

4. In accordance with the provision of the Companies Act, 1956 Mr. Pravin Jain retires at the forthcoming Annual General Meeting and being eligible, offers themselves for re-appointment.

5. There was no employee falling within the purview of Section 217 (2A) of the Companies Act, 1956 read with companies (particulars of Employee) Rules 1995 as amended during the year under report.

6. The equity shares of the company are listed in Bombay Stock Exchange and the listing fee upto the year 2002-2003 have been paid.

7. Information required under the Companies (Disclosure of particulars in the report of the Board of Directors) Rules, 1988.

8. The information required under Section 217(l)(e) of the Companies Act, 1956 read with the companies (Disclosure of particulars in the report of the Board of Directors) Rules, 1988.

a) With respect to conservation of energy, technology absorption, research and developments are not applicable to the company.

b) The company during the year has neither earned not spent any foreign exchange.

9. You are requested to appoint M/s. M. V. Damania & Co., Chartered Accountants, Mumbai as the Auditors of the Company.

As required under Section 217(2A) of the Companies Act, 1956, your Directors state:

(i) That in preparation of the Annual Accounts, the applicable accounting standards has been followed.

(ii) That the accounting policies selected and applied are consisted and the judgment 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 period.

(iii) That proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of Companies Act, 1956 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

(iv) The Annual Accounts have been prepared on going concern basis.

10. Secretarial Compliance Certificate :

As required under section 383A of the Companies Act, 1956 a secretarial Compliance certificate from a practicing company secretary is annexed hereto.

For and on behalf of the Board.

Aparna Gupta Managing Director

REGISTERED OFFICE: 307,_JANAKI CENTRE. OFF. VEERA DESAI ROAD, ANDHERI(WEST), MUMBAI - 400 053

Dated : 30th JUNE 2003

---

Mar 31, 2002

1. Your Directors have pleasure in submitting the 16th Annual Report together with Audited Statement of Accoounts for the year ended 31st March, 2002.

2. The company has made a profit of Rs. 62,476/-as against a profit of Rs. l,83,863/-for the previous year. Your Directors regret to express their inability to recommed any dividend.

3. Company has not accepted any Deposit from Public during the year falling within purview of Section 58A of the companies Act, 1956.

4. In accordance with the provision of the Companies Act, 1956 Mr. Suresh Vazirani & Mrs . A .R .Gupta retires at the forthcoming Annual General Meeting and being eligible, offers themselves for re-appointment.

5. There was no employee falling within the purview of Section 217 (2A) of the Companies Act, 1956 read with companies (particulars of Employee) Rules 1995 as amended during the year under report.

6. The equity shares of the company are listed in Bombay Stock Exchange and the listing fee upto the year 2001-2002 have been paid.

7. Information required under the Companies (Disclosure of particulars in the report of the Board of Directors) Rules, 1988.

8. The information required under Section 217(l)(e) of the Companies Act, 1956 read with the companies (Disclosure of particulars in the report of the Board of Directors) Rules, 1988.

a) With respect to conservation of energy, technology absorption, research and developments are not applicable to the company.

b) The company during the year has neither earned not spent any foreign exchange.

9. You are requested to appoint M/s. M. V. Damania & Co., Chartered Accountants, Mumbai as the Auditors of the Company.

As required under Section 217(2A) of the Companies Act, 1956, your Directors state:

(i) that in preparation of the Annual Accounts, the applicable accounting standards have been followed.

(ii) That the accounting policies selected and applied are consisted and the judgement and estimates made are reasonable and predent 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 period.

(iii) That proper and sufficient care has been taken for the maintanance of adequate accounting records in accordance with the provisions of Companies Act, 1956 for safeguarding the assests of the company and for preventing and detecting fraud and other irregularities.

(iv) Tha the Annual Accounts have been prepared on going concern basis.

10. SECRETRIAL COMPLIANCE CERTIFICATE:

As required under section 383A of the companies act 1956 a secretarial compliance Certificate from a practicing company secretary is annexed hereto.

For and on behalf of the Board

Aparna Gupta Managing Director

REGISTERED OFFICE:

307,JANAKI CENTRE. OFF. VEERA DESAI ROAD, ANDHERI (WEST), MUMBAI - 400053

Dated : 14th August, 2002.