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Directors Report of Shricon Industries Ltd.

Mar 31, 2014

The Members,

Shricon Industries Limited

Kota

The Directors have pleasure in presenting the Annual Report of the Company for financial year ended March 31, 2014 with the Audited Statement of Accounts and the Auditors'' Report of your Company for the financial year ended 31st March 2014.

FINANCIAL RESULTS:

The detailed financial statement of the Company is attached with this report.

DIVIDEND

Your directors do not recommend any dividend on equity shares for the period ended 31st March, 2014.

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 that:

i. in the preparation of the annual accounts for the financial year ended 31st March, 2014, the applicable accounting standards have been followed along with proper explanations relating to material departures;

ii. 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 of the profit of the Company for the said period;

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; and

iv. the Directors have prepared the accounts for the financial year ended 31st March, 2014, on a ''going concern'' basis.

PUBLIC DEPOSITS

Your Company has not accepted any fixed deposits from public and, as such, no amount of principal or interest was outstanding on the date of the balance sheet.

DIRECTORS:

In accordance with the provisions of the Companies Act, 1956 and the Articles of Association of your Company, Mr. Nawal Kishore Maheshwari, Director of your Company, retires by rotation at the forthcoming Annual General Meeting and being eligible, offers himself for reappointment.

AUDITORS

M/s M/s Harish Dayani & Co., Chartered Accountants the Auditors of your Company, retire at the forthcoming Annual General Meeting and have confirmed their eligibility and willingness to accept office, if reappointed.

The Notes on Accounts referred to in the Auditors'' Report are self explanatory and do not require any further comments.

PARTICULARS OF EMPLOYEES

Information in terms of Sec 217(i)(e) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 is not applicable to the Company.

ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

Considering the business activities of the Company information required to be provided 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, in relation to Conservation of Energy and Technology Absorption are currently not applicable to the Company.

There was no earning or expenditure in foreign currency during the year.

ACKNOWLEDGEMENT

The Board of Directors would like to express their sincere thanks to the all shareholders and other concerned for their continued support and co-operation.

For and on behalf of the Board of Directors,

Om Prakash Maheshwari Nawal Kishore Maheshwari Director Director

Date: August 14, 2014 Place: Kota


Mar 31, 2013

The Members of Shricori Industries Limited

The Directors have pleasure in presenting Annual Report of the Company for financial year ended March 31, 2013 with the Audited Statement of Accounts and the Auditors'' Report of your Company for the financial year ended 31 March 2013.

FINANCIAL RESULTS:

The detailed financial statement of the Company is attached with this report.

DIVIDEND

Your directors do not recommend any dividend on equity shares for the period ended 31st March, 2013.

DIRECTORS'' RESPONSIBILITY STATEMENT

Pursuant lo the tenement under Section 217 (2AA) of the Companies Act, 1956, with reaped to Directors'' Responsibility Statement, it is hereby confirmed that;

i. in the preparation of the annual accounts for the financial year ended 31st March. 2013, the applicable accounting standards have been followed along with proper explanations relating to material departures;

ii uie 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 of the loss of the Company for the said period:

iii the Directors have taken proper and sufficient can: for (he maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956, for safeguarding the assets of the Company and fcr preventing and detecting fraud and other irregularities; and

iv. the Directors have prepared the accounts for the financial year ended 31 st March, 2013, on a ''going concern basis.

PUBLIC DEPOSITS

Your Company has not accepted any feed depos.ts from public and, as such, no amount of principal or interest was outstandmg on the date of the balance sheet.

DIRECTORS:

In accordance with the provisions of the Companies Act, 1956 and the Articles of Association of your'' Company, Mr J3m Prakash Maheshwari, Director of your Company, retires by rotation at the forthcoming Annua! General Meeting and being eligible. offers himself for reappointment.

AUDITORS

M/s Parish Dayani & Co.. Chartered Accountants, Mumbai the Auditors of your Company, retire at the forthcoming Annual General Meeting and have confirmed their eligibility and willingness to accept office, if reappointed.

PARTICULARS OF EMPLOYEES

Information in terms of Sec 2l7
COMPLIANCE CERTIFICATE

As per requirement of Section 383A of the Compantes Act. 1956 and companies Compliance Certificate Rule 2001, the Company has obtained a certificate from Company Secretary in whole time Practice is to be laid in Annual General Meeting.

ENERGY CONSERVATION, TECHNOLOGY ARSORn.ON AND FOREIGN EXCHANGE EARNINGS AND OUTGO

Considering the business activities of the Company informatin required to be provided under Section 217(1)(e) of the Companies Act, read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988, in relation to Conservation of Energy and Technology Absorption are currently not applicable to the Company.

There was no taming or expenditure in foreign currency during the year.

ACKNOWLEDGEMENT

The Board of Direct would like to express their sincere thanks to the all stakeholders and other concerned for their continued support and co-operation.



BY ORDER OF THE BOARD

FOR SHRICON INDUSTRIES LIMITED



Place- KOTA (Om Prakash Maheshwari)
Dated: May 28.2013 Director Director


Mar 31, 2010

The Directors have pleasure in presenting the 25th Annual Report of the company together with the audited accounts for the year ended on 31st March, 2010.

FINANCIAL PERFORMANCE

During the year under report the company has carried out trading operations of shares.

Amount in Rs. (In Thousand) Year ended Year ended 3lst March, 20IO 31st March,2009

Total Income 713.03 1271.17

Total Expenditure 636.53 915.19

Profit/(Loss )Before Taxation 76.94 355.99

Less : Provision for Taxation 19.00

Loss after Tax 66.19 245.06

Add: Balance brought forward from last year 6704.92 6459.86

Balance Carried Forward to Balance Sheet 6771.12 6704.92

DIVIDEND

No dividend has been recommended for this year.

Particulars Regarding Conservation of Energy. Technology Absorption

There were no activities relating to conservation of energy, technology absorption etc during the year.

Particulars of Earning and Expenditure in foreign currency

There were no earnings or expenditure in foreign currency during the year.

COMPLIANCE CERTIFICATE

As per requirement of Section 383A of the Companies Act, 1956 and companies Compliance Certificate Rule200l, the company has obtained a certificate from Company Secretary in Whole time in Practice is to be laid in forthcoming Annual General Meeting.

AUDITORS

M/s Rahul Singhvi & Associates, chartered Accountants, Auditors of the company retire at the ensuing Annual General Meeting and is eligible for reappointment

DIRECTORS RESPONSIBILITY STATEMENT

The Directors hereby state:

i. That in the preparation of the annual accounts for the financial year ended 31st March, 2010, the applicable accounting standards have been followed along with proper explanations relating to material departures;

ii. That 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, 2010 and of the profit of the Company for the said period;

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; and

iv. That the Directors have prepared the accounts for the financial year ended 31st March, 2010, on a going concern basis.

APPRECIATION

The Directors of your company wish to place on record their appreciation for the support given by the banker, shareholders & staff for their support to the company.



On behalf of the Board of Directors,

Om Maheshwari Nawal Maheshwari Director Director