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Directors Report of Sellwin Traders Ltd.

Mar 31, 2014

The Members,

The Directors have pleasure in presenting the Annual Report of the Company together with Audited Accounts for the year ended on 31st March, 2014.

1 . Financial Results: Rs. In Lacs

CURRENT YEAR PREVIOUS YEAR

Profit/(Loss) Before Taxation 1.46 0.14

Current Tax (0.28) (0.03)

Profit After Tax 1.45 0.11

Brought forward from earlier years (7.28) (7.38)

Balance Carried To Balance Sheet (5.82) (7.28)

2. Future Performance:

In the year under review, the Company has made Net Profit after tax of Rs. 1,45,392/- adjusted with accumulated loss carried forwarded from past years. Your Directors are identifying prospective areas and will make appropriate investments that will maximise the revenue of the company in the current Financial Year.

3. Dividend:

In view of the accumulated loss carried forwarded from past years and after adjustments for the current year''s profit, the Board regrets its inability to recommend any dividend to equity shareholders for the year.

4. Auditors:

The retiring Auditors M/s. Maroti & Associates, Chartered Accountants, Kolkata hold office till the conclusion of the Annual General Meeting and is eligible for reappointment at.

5. Directors:

The Board commends the passing of the Resolutions at Annual General Meeting Notice for the appointment of Mr. Navin Chandra Sharma as Managing Director of the company.

Mrs. Nirmala Devi Sharma who retires by rotation and being eligible, offers themselves for re-appointment.

Mr. Debasis Roy resigned from the board of the company on 28 April, 2014. The board members expressed their gratitude for contribution made by Mr. Roy during his long association with the company.

Mr. Anand Kumar Jain was appointed as Additional Director on the board of the company to hold office up to this AGM and his candidature has been proposed to be appointed as Independent Director pursuant to the provisions of Section 149 of the Act for a period of three (3) consecutive years from the conclusion of this AGM up to the conclusion of AGM for Financial Year ending 2016-17.

As per the provisions of Section 149 of the Act, which has come into force with effect from 1st April, 2014, an Independent Director is required to be appointed and shall hold office for a term up to maximum of five consecutive years on the Board of a company and shall not be liable to retire by rotation. In compliance with the provisions of Section 149 the company may place before the Members in General Meeting for their approval to appoint requisite Independent Directors.

6. Personnel:

Your Directors place on record the sense of appreciation for the valuable contribution made by the staff members of the company and hope that their continued support will help in achieving the goals of the Company. No employee of the company is in receipt of remuneration in excess of limit prescribed under section 217(2A) of the Companies Act, 1956.

7. Statutory Information:

Particulars required to be furnished by the companies (Disclosure of particulars in the Report of the Board of Directors) Rules, 1988:

1. CONSERVATION OF ENERGY : Nil

2. TECHNOLOGY ABSORPTION & ADOPTION : Nil

3. FOREIGN EXCHANGE EARNING & OUTGO : Nil

8. Listing at BSE Ltd.:

Your company had made an application for listing its equity share at BSE LTD. under direct listing norms of BSE for existing listed company. Our endeavour in this respect shall prove you a ready market on nationwide platform for trading in securities on a continuous basis adding prestige and importance to the company. The company can also raise additional funds from the public through the new issue market with a greater degree of assurance. The new funds sought to be raised break new ground for the Company and are steps towards our ambition to build a more global fund house. i

9. Directors'' Responsibility Statement in terms of Sec. 217(2AA) of he Companies Act, 1956:

To the best of our knowledge and belief and according to the confirmations and explanations obtained by them, your directors make the following statements in terms of Section 217(2AA) of the Companies Act, 1956:

I. In preparation of the annual accounts, the applicable Accounting Standards have been followed.

II. The Directors have selected such accounting policies and have 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 at the end of the Financial Year.

III. 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. The Directors have prepared the annual accounts on going concern basis.

10. Corporate Governance:

As required under clause 49 of the listing agreement with the Stock Exchange, the Report on Corporate Governance together with Auditors view regarding compliance of the SEBI code of Corporate Governance is annexed herewith.

11. Acknowledgements:

The Board wishes to place on record their gratitude for the co-operation and assistance received from all those who contributed by some means or other for the performance of the company and expect the same in the future.

For and on behalf of the Board

Place : Kolkata Kailash Chandra Sharma Navin Chandra Sharma Date : 26th day of May, Director Managing Director 2014


Mar 31, 2013

The Members,

The Directors have pleasure in presenting the Annual Report of the Company together with Audited Accounts for the year ended on 31st March, 2013.

1 FINANCIAL RESULTS :

(Fig. in RS) CURRENT YEAR PREVIOUS YEAR

PROFIT/(LOSS) BEFORE TAXATION 13,528 (36,101)

Current Tax 2,578 -

PROFIT AFTER TAX 10,950 (36,101)

Brought forward from earlier years (7,38,477) (7,02,376)

Balance Carried To Balance Sheet (7,27,527) (7,38,477)

2. FUTURE PERFORMANCE:

In the year under review, the Company has made Profit of Rs. 13,528/-. Your Directors are identifying prospective areas and will make appropriate investments that will maximise the revenue of the company in the current Financial Year.

3. DIVIDEND:

In view of Inadequate Profit, Your Directors do not recommend any dividend for the year.

4. AUDITORS:

The retiring Auditors Maroti & Associates, Chartered Accountants, Kolkata hold office till the conclusion of the Annual General Meeting and is eligible for reappointment.

5. DIRECTORS:

Mr. Kailash Chandra Sharma and Mr. Debashis Roy retires by rotation and being eligible, offers themselves for re-appointment.

6. PERSONNEL:

Your Directors place on record the sense of appreciation for the valuable contribution made by the staff members of the company and hope that their continued support will help in achieving the goals of the Company. No employee of the company is in receipt of remuneration in excess of limit prescribed under section 217(2A) of the Companies Act, 1956.

7. STATUTORY INFORMATION:

Particulars required to be furnished by the companies (Disclosure of particulars in the Report of the Board of Directors) Rules, 1988:

1. CONSERVATION OF ENERGY : Nil

2. TECHNOLOGY ABSORPTION & ADOPTION : Nil

3. FOREIGN EXCHANGE EARNING & OUTGO : Nil

8. RESPONSIBILITY STATEMENT:

i. In preparation of the annual accounts, the applicable Accounting Standards have been followed.

ii. The Directors have selected such accounting policies and have 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 at the end of the Financial Year.

iii. 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. The Directors have prepared the annual accounts on going concern basis.

9. CORPORATE GOVERNANCE:

As required under clause 49 of the listing agreement with the Stock Exchange, the Report on Corporate Governance together with Auditors view regarding compliance of the SEBI code of Corporate Governance is annexed herewith.

10. ACKNOWLEDGEMENTS:

The Board wishes to place on record their gratitude for the co-operation and assistance received from all those who contributed by some means or other for the performance of the company and expect the same in the future.

For and on behalf of the Board

Kailash Chandra Sharma Navin Chandra Sharma Place : Kolkata Date : 24th Day of May, 2013. Director Director


Mar 31, 2012

The Members,

The Directors have pleasure in presenting the Annual Report of the Company together with Audited Accounts for the year ended on 31st March, 2012.

1. FINANCIAL RESULTS :

(Fig. in RS)

CURRENT YEAR PREVIOUS YEAR

PROFIT/(LOSS) BEFORE TAXATION (36,101) (69,588)

PROFIT AFTER TAX (36,101) (69,588)

Excess IT Provisions written back ----- -----

Brought forward from earlier years (7,02,376) (6,32,788)

Balance Carried To Balance Sheet (7,38,477) (7,02,376)

2. FUTURE PERFORMANCE:

In the year under review, the Company has made Loss of Rs. 36,101/-. Your Directors are identifying prospective areas and will make appropriate investments that will maximise the revenue of the company in the current Financial Year.

3. DIVIDEND:

In view of Loss, Your Directors do not recommend any dividend for the year.

4. AUDITORS:

The retiring Auditors Maroti & Associates, Chartered Accountants, Kolkata hold office till the conclusion of the Annual General Meeting and is eligible for reappointment.

5. DIRECTORS:

Mr. Kamal Kishor Mundhra and Mr. Mahendra Kumar Gulgulia retires by rotation and being eligible, offers themselves for re-appointment.

6. PERSONNEL:

Your Directors place on record the sense of appreciation for the valuable contribution made by the staff members of the company and hope that their continued support will help in achieving the goals of the Company. No employee of the company is in receipt of remuneration in excess of limit prescribed under section 217(2A) of the Companies Act, 1956.

7. STATUTORY INFORMATION:

Particulars required to be furnished by the companies (Disclosure of particulars in the Report of the Board of Directors) Rules, 1988:

1. CONSERVATION OF ENERGY : Nil

2. TECHNOLOGY ABSORPTION & ADOPTION : Nil

3. FOREIGN EXCHANGE EARNING & OUTGO : Nil

8. RESPONSIBILITY STATEMENT:

i. In preparation of the annual accounts, the applicable Accounting Standards have been followed.

ii. The Directors have selected such accounting policies and have 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 at the end of the Financial Year.

iii. 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. The Directors have prepared the annual accounts on going concern basis.

9. CORPORATE GOVERNANCE:

As required under clause 49 of the listing agreement with the Stock Exchange, the Report on Corporate Governance together with Auditors view regarding compliance of the SEBI code of Corporate Governance is annexed herewith.

10. ACKNOWLEDGEMENTS:

The Board wishes to place on record their gratitude for the co-operation and assistance received from all those who contributed by some means or other for the performance of the company and expect the same in the future.

For and on behalf of the Board

Place : Kolkata Kailash Chandra Sharma Navin Chandra Sharma Director Director Date : 22nd day of June, 2012


Mar 31, 2011

The Members,

The Directors have pleasure in presenting the Annual Report of the Company together with Audited Accounts for the year ended on 31st March, 2011.

1. FINANCIAL RESULTS (Fig, in Rs.) CURRENT YEAR PREVIOUS YEAR

Profit/(Loss) Before Taxation (69,588) (1,66,288)

Profit after Tax (69,588) (1,66,288)

Excess IT Provision written back - (1,625)

Brought forward earlier years (6,32,788) (4,64,875)

Balance Carried to Balance Sheet (7,02,376) (6,32,788)

2. FUTURE PERFORMANCE:

In the year under review, the Company has made Loss of Rs. 69,588/-. Your Directors are identifying prospective areas and will make appropriate investments that will maximise the revenue of the company in the current Financial Year.

3. DIVIDEND:

In view of Loss, Your Directors do not recommend any dividend for the year.

4. AUDITORS:

The retiring Auditors MAROTI & ASSOCIATES, Chartered Accountants, Kolkata hold office till the conclusion of the Annual General Meeting and is eligible for reappointment.

5. DIRECTORS:

Mr. Navin Chandra Sharma and Mrs. Nirmala Devi Sharma retires by rotation and being eligible, offers them self for re-appointment.

6. PERSONNEL:

Your Directors place on record the sense of appreciation for the valuable contribution made by the staff members of the company and hope that their continued support will help in achieving the goals of the Company. No employee of the company is in receipt of remuneration in excess of limit prescribed under section 217(2A) of the Companies Act, 1956.

7. STATUTORY INFORMATION:

Particulars required to be furnished by the companies (Disclosure of particulars in the Report of the Board of Directors) Rules, 1988:

1. CONSERVATION OF ENERGY : Nil

2. TECHNOLOGY ABSORPTION 6V: ADOPTION : Nil

3. FOREIGN EXCHANGE EARNING & OUTGO : Nil

8. RESPONSIBILITY STATEMENT:

i. In preparation of the annua! accounts, the applicable Accounting Standards have been followed. ii. The Directors have selected such accounting policies and have 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 at the end of the Financial Year. Hi. 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. The Directors have prepared the annual accounts on going concern basis.

9. CORPORATE GOVERNANCE:

As required under clause 49 of the listing agreement with the Stock Exchange, the Report on Corporate Governance together with Auditors view regarding compliance of the SEBI code of Corporate Governance is annexed herewith.

10. ACKNOWLEDGEMENTS :

The Board wishes to place on record their gratitude for the co-operation and assistance received from all those who contributed by some means or other for the performance of the company and expect the same in the future.

For and behalf of the board

Sd/- Sd/- Place : Kolkata KAILASH CHANDRA SHARMA NAVIN CHANDRA SHARMA Dated: 28 th Day Director Director of june,2011