Directors Report of Ridhi Synthetics Ltd.

Mar 31, 2014

Dear Members

The Directors have pleasure in presenting the 33rd Annual Report of your Company together with the audited financial results for the year ended on 31st March, 2014.

FINANCIAL RESULTS

(Rupees in lacs)

YEAR ENDED YEAR ENDED 31-03-2014 31-03-2013

Total Income 84.53 53.04

Total Expenditure 6.98 51.62

PROFIT BEFORE DEPRECIATION 77.55 1.41

Depreciation 2.34 2.80

PROFIT/(LOSS) BEFORE TAX 75.21 (1.38)

Provision for Taxation 13.34 3.83

Prior Period Adjustment (Net) 4.21 0.06

PROFIT/(LOSS) AFTER TAX 57.66 (5.28)

Barring unforeseen contingencies, the performance of the Company in the year 2014-15 is expected to be satisfactory.

DIVIDEND

In order to conserve the resources for development of business of the Company, the Board of Directors regret their inability to recommend dividend for the year 2013-14.

DIRECTORS

Mr. Jai Kumar Jain retires by rotation at the ensuing Annual General Meeting and is eligible for reappointment.

FIXED DEPOSITS

The Company has not accepted fixed deposits from the public during the period under consideration.

PARTICULARS OF EMPLOYEES

During the year under report, the Company has not employed any employee whose particulars are required to be disclosed in this report pursuant to section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975.

AUDITORS

Statutory auditors Messrs H.H. Bandukwala & Co. retire at the conclusion of the ensuing Annual General Meeting and are eligible for re-appointment.

COMPLIANCE

Pursuant to section 383-A(1) of the Companies Act 1956, secretarial compliance certificate from secretary in whole time practice is attached with this report.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO.

During the year under review, the Company had not carried out any activity, the particulars in respect of which are required to be disclosed in this report pursuant to section 217(1)(e) of the Companies Act, 1956 read with Companies (Disclosure of Particulars in the report of Board of Directors) Rules, 1988.

DIRECTORS'' RESPONSIBILITY STATEMENT

The Directors confirm:

(a) That in the preparation of the annual accounts, the applicable accounting standards has been followed along with proper explanation relating to material departure.

(b) That the directors have selected such accounting policies and applied them consistently and made judgements & estimates that are reasonable and prudent, so as to give a true and fair view of the state of affairs of the Company as on 31-03-14 and of the profit of the Company for that year.

(c) That the directors have taken proper and sufficient care 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; and

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

For & on behalf of the Board of Directors

Mumbai (Jai Kumar Jain) (Vijay Doshi) Dated : 30-05-14 DIN - 00093708 DIN - 00375972

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Mar 31, 2013

The Directors have pleasure in presenting the 32nd Annual Report of your Company together with the audited financial results for the year ended on 31 st March, 2013.

FINANCIAL RESULTS (Rupees in lacs)

YEAR ENDED YEAR ENDED 31-03-2013 31-03-2012

Total Income 53.04 131.69

Total Expenditure 51.62 11.80

PROFIT BEFORE DEPRECIATION 1.41 119.89

Depreciation 2.80 3.13

PROFIT / (LOSS) BEFORE TAX (1.38) 116.76

Provision for Taxation 3.83 26.52

PROFIT / (LOSS) AFTER TAX (5.22) 90.25

Barring unforeseen contingencies, the performance of the Company in the year 2013-14 is expected to be satisfactory.

DIVIDEND

In order to conserve the resources for development of business of the Company, the Board of

Directors regret their inability to recommehu dividend for the year 2012-13.

DIRECTORS

Mr. Prabhakaran Nair retires by rotation at the ensuing Annual General Meeting and is eligible for reapcointm

FIXED DEPOSITS

The Company has not accepted fixed deposits from the public during the period under consideration.

PARTICULARS OF EMPLOYEES

During the year under report, the Company has not employed any employee whose particulars are required to be disclosed in this report pursuant to section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975.

AUDITORS

Statutory auditors Messrs H.H. Bandukwala & Co. retire at the conclusion of the ensuing Annual General Meeting and are eligible for re-appointment.

COMPLIANCE

Pursuant to section 383-A(1) of the Companies Act 1956, secretarial compliance certificate from secretary in whole time practice is attached with this report.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO.

During the year under review, the Company had not carried out any activity, the particulars in respect of which are required to be disclosed in this report pursuant to section 217(1)(e) of the Companies Act, 1956 read with Companies (Disclosure of Particulars in the report of Board of Directors) Rules, 1988.

DIRECTORS'' RESPONSIBILITY STATEMENT The Directors confirm:

(a) That in the preparation of the annual accounts, the applicable accounting standards has been followed alongwith proper explanation relating to material departure.

(b) That the directors have selected such accounting policies and applied them consistently and made judgements & estimates that are reasonable and prudent, so as to give a true and fair view of the state of affairs of the Company as on 31-03-13 and of the loss of the Company for that year.

(c) That the directors have taken proper and sufficient care 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; and

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

For & on behalf of the Board of Directors

Mumbai

Dated: 30-05-2013 Director Director

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Mar 31, 2012

The Directors have pleasure in presenting the 31st Annual Report of your Company together with the audited financial results for the year ended on 31st March, 2012.



FINANCIAL RESULTS (Rupees in lacs) YEAR ENDED YEAR ENDED

31-03-2012 31-03-2011

Total Income 131.69 47.46

Total Expenditure 11.80 10.34

PROFIT BEFORE DEPRECIATION 119.89 37.12

Depreciation 3.13 3.49

PROFIT BEFORE TAX 116.76 33.63

Provision for Taxation 26.52 4.28

PROFIT AFTER TAX 90.25 29.35

Barring unforeseen contingencies, the performance of the Company in the year 2012-13 is expected to be satisfactory.

DIVIDEND

In order to conserve the resources for development of business of the Company, the Board of Directors regret their inability to recommend dividend for the year 2011-12.

DIRECTORS

Mr. Vijay Doshi retires by rotation at the ensuing Annual General Meeting and is eligible for reappointment.

FIXED DEPOSITS

The Company has not accepted fixed deposits from the public during the period under consideration.

PARTICULARS OF EMPLOYEES

During the year under report, the Company has not employed any employee whose particulars are required to be disclosed in this report pursuant to section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975.

AUDITORS

Statutory auditors Messrs H.H. Bandukwala & Co. retire at the conclusion of the ensuing Annual General Meeting and are eligible for re-appointment.

COMPLIANCE

Pursuant to section 383-A(1) of the Companies Act 1956, secretarial compliance certificate from secretary in whole time practice is attached with this report.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO.

During the year under review, the Company had not carried out any activity, the particulars in respect of which are required to be disclosed in this report pursuant to section 217(1)(e) of the Companies Act, 1956 read with Companies (Disclosure of Particulars in the report of Board of Directors) Rules, 1988.

DIRECTORS' RESPONSIBILITY STATEMENT The Directors confirm:

(a) That in the preparation of the annual accounts, the applicable accounting standards has been followed along with proper explanation relating to material departure.

(b) That the directors have selected such accounting policies and applied them consistently and made judgments & estimates that are reasonable and prudent, so as to give a true and fair view those as no 31-03-12 and of the profit of the Company for that year.

(c) That the directors have taken proper and sufficient care 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; and

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

For & on behalf of the Board of Directors

Mumbai

Dated: 28-05-2012 Director Director

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Mar 31, 2010

The Directors have pleasure in presenting the 29th Annual Report of your Company together with the audited financial results for the year ended on 31st March, 2010.

FINANCIAL RESULTS (Rupees in lacs)

YEAR ENDED YEAR ENDED

31-03-2010 31-03-2009

Total Income 276.07 20.06

Total Expenditure 147.09 29.80

PROFIT BEFORE DEPRECIATION 128.99 (9.74)

Depreciation 3.91 5.12

PROFIT BEFORE TAX 125.07 (14.86)

Provision for Taxation 28.03 (0.28)

PROFIT AFTER TAX 97.04 (14.58)





Barring unforeseen contingencies, the performance of the Company in the year 2010-11 is expected to be satisfactory.

DIVIDEND

In order to conserve the resources for development of business of the Company, the Board of

Directors regret their inability to recommend dividend for the year 2009-10.

DIRECTORS

Mr. Prabhakaran Nair retires by rotation at the ensuing Annual General Meeting and is eligible for reappointment.

FIXED DEPOSITS

The Company has not accepted fixed deposits from the public during the period under consideration.

PARTICULARS OF EMPLOYEES

During the year under report, the Company has not employed any employee whose particulars are

required to be disclosed in this report pursuant to section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975.

AUDITORS

Statutory auditors Messrs H.H. Bandukwala & Co. retire at the conclusion of the ensuing Annual

General Meeting and are eligible for re-appointment.

COMPLIANCE

Pursuant to section 383-A(1) of the Companies Act 1956, secretarial compliance certificate from secretary in whole time practice is attached with this report.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO.

During the year under review, the Company had not carried out any activity, the particulars in respect of which are required to be disclosed in this report pursuant to section 217(1)(e) of the Companies Act, 1956 read with Companies (Disclosure of Particulars in the report of Board of Directors) Rules, 1988.

DIRECTORS RESPONSIBILITY STATEMENT The Directors confirm:

(a) That in the preparation of the annual accounts, the applicable accounting standards has been followed alongwith proper explanation relating to material departure.

(b) That the directors have selected such accounting policies and applied them consistently and made judgements & estimates that are reasonable and prudent, so as to give a true and fair view of the state of affairs of the Company as on 31-03-10 and of the profit of the Company for that year,



(c) That the directors have taken proper and sufficient care 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; and

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



For & on behalf of the Board of Directors



Mumbai

Dated: 29-05-2010 Director Director

Statutory Registers