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Directors Report of Sinner Energy India Ltd.

Mar 31, 2015

Dear Members,

The Directors have pleasure in presenting their 20th Annual Report on the business and operations together with the Audited Statement of Accounts of the Company for the year ended 31st March, 2015.

1. FINANCIAL RESULTS:

The Financial results are briefly indicated below:

Particulars Financial Year Financial Year 2014-15 2013-14

Total Income 9,98,456 8,67,609

Total Expenditure 8,47,104 7,18,454

Profit/(Loss) before Taxation 1,51,352 1,49,155

Profit/ (Loss) after Taxation 76,647 1,01,436

2. REVIEW OF OPERATION:

The Company has made a profit of Rs. 76,647 during the financial year. Your Directors expect to achieve better performance in the future taking maximum efforts to control the costs and optimize the results in the years to come.

3. DIVIDEND:

Your Directors regret their inability to recommend Dividend in view of inadequacy of Profits and carry forward losses, in year under review.

4. DEPOSITS:

The Company has not accepted any deposits within the meaning of Section 73 of the Companies Act, 2013 and the Companies (Acceptance of Deposits) Rules, 2014.

5. PARTICULARS OF EMPLOYEES:

Disclosure required under Section 197 of the Companies Act, 2013 read with rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 as amended up to date is not applicable since your company has no such employees.

6. EXPLANATION OR COMMENTS ON QUALIFICATIONS, RESERVATIONS OR ADVERSE REMARKS OR DISCLAIMERS MADE BY THE AUDITORS AND THE PRACTICING COMPANY SECRETARY IN THEIR REPORTS :

Management of the Company is making all efforts to put adequate systems and process in the Company commensurate with the size and operation of the Company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines.

7. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

The Company has not given any loans, guarantees or investments covered under the provisions of section 186 of the Companies Act, 2013.

8. NUMBER OF MEETINGS:

The Board has met seven times during the financial year, the details of which are given in the Corporate Governance Report that forms part of this Annual report. The intervening gap between any two meetings was within the period prescribed by the Companies Act, 2013.

9. BOARD EVALUATION:

Pursuant to the provisions of the Companies Act, 2013 and Clause 49 of the Listing Agreement, the Board has carried out an evaluation of its own performance, the Directors individually as well as the evaluation of the working of its Audit, Nomination & Remuneration Committees. The manner in which the evaluation has been carried out has been explained in the Corporate Governance Report.

10. DIRECTORS:

Mr. Mahesh Raut who retire by rotation being eligible offers himself for re-appointment at the ensuing Annual General meeting.

Mr. Mahesh Raut is being designated as Managing Director of the Company upon the approval of the members of the Company at the ensuing Annual General Meeting for a term of 5 year w.e.f 01/09/2015 to 31/08/2020.

The Company has received declaration from all the Independent Directors of the Company confirming that they meet with criteria of Independence as prescribed under sub-section (6) of section 149 of the Companies Act, 2013 and under clause 49 of the Listing Agreements with the Stock Exchanges.

None of the Directors of your Company is disqualified under Section 162 (2) of the Companies Act, 2013. As required by law, this position is also reflected in the Auditors' Report.

The Board of Directors appointed Ms. Mala Lalchandani as an Additional Director at their meeting held on 31st March, 2015. She holds office up to the date of ensuing Annual General Meeting and is eligible for appointment as a Director.

11. SUBSIDIARIES:

Since the Company has no subsidiaries, provision of Section 129 (3) of the Companies Act, 2013 is not applicable.

12. DIRECTOR'S RESPONSIBILITY STATEMENT:

Pursuant to the requirement under Section 134 (5) of the Companies Act, 2013, with respect to Directors Responsibilities Statement, it is hereby confirmed:

a) that in the preparation of the annual accounts for the financial year ended 31st March, 2015 the applicable accounting standards had been followed along with proper explanation relating to material departures.

b) that the directors has selected such accounting policies and applied them consistently and made judgments 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 or loss of the Company for the year review.

c) that the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities, and,

d) The Directors had prepared the accounts for the financial year ended 31st March, 2015 on a going concern basis.

e) The Directors had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively.

f) The Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

13. PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES:

The Company has not entered into any or arrangements with related parties referred to in Section 188(1) of the Companies Act, 2013 including Rules made there under and therefore Form AOC - 2 of the rules prescribed under Chapter IX relating to Accounts of Companies under the Companies Act, 2013, is not appended herewith.

14. AUDITORS & AUDITORS REPORT :

The Board recommends M/s. J.B. Wala & Co Chartered Accountants, as statutory auditors of the Company for the year 2015-16, who have also confirmed their appointment shall be within the limits specified under Section 141 of the Companies Act, 2013.

Necessary Resolutions for their appointment has been proposed in the Notice of Annual General Meeting for their for the consideration of the Members of the Company.

15. INTERNAL AUDITORS :

The Company has appointed Mr. Ashvin Thumar, Chartered Accountants, Mumbai, as internal auditor of the Company for financial year 2015-16.

16. STATEMENTS OF PARTICULARS UNDER RULE 8 (3) OF THE COMPANIES (ACCOUNTS) RULES,2014:

Information in accordance with the provisions of Section 134 (3)(m) of the Act read with the Rule 8 (3) of the Companies (Accounts) Rules, 2014 regarding Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo is not applicable in case of your Company.

17. SECRETARIAL AUDIT REPORT :

As required under section 204 (1) of the Companies Act, 2013 and Rules made there under the Company has appointed Mr. Sanam Umbargikar, Company Secretary as Secretarial Auditor of the Company for the financial Year 2014-15. The Secretarial Audit Report forms part of the Annual report as Annexure to the Board's Report.

The Board has appointed Mr. Sanam Umbargikar, Company Secretary as Secretarial Auditor of the Company for the financial Year 2014-15.

18. EXTRACT OF ANNUAL RETURN:

The details forming part of the extract of the Annual Return in form MGT-9 is annexed herewith as Annexure to the Board Report. ANNEXURE B

19. IMPLEMENTATION OF RISK MANAGEMENT POLICY:

The Company has formulated a policy and process for risk Management. The Company has set up a core group of leadership team, which identifies, assesses the risks and the trends, exposure and potential impact analysis at different level and lays down the procedure for minimization of risks. Risk Management forms an integral part of Management policy and is an ongoing process integrated with the operations.

Company has identified various strategic, operational and financial risks which may impact Company adversely. However management believes that the mitigation plans for identified risks are in place and may not threaten the existence of the Company.

20. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

The Company has not given any loans, guarantees or investments covered under the provisions of section 186 of the Companies Act, 2013.

21. WHISTLE BLOWER POLICY AND VIGIL MECHANISM:

Your Company recognizes the value of transparency and accountability in its administrative and management practices. The Company promotes the ethical behavior in all its business activities. The Company has adopted the Whistle blower Policy and Vigil Mechanism in view to provide a mechanism for the directors and employees of the Company to approach Audit Committee of the Company to report existing/probable violations of laws, rules, regulations or unethical conduct.

22. STOCK EXCHANGES:

The Company's shares are listed on The Ahmedabad Stock Exchange Limited.

23. APPLICATION FOR DIRECT LISTING:

Further the Company has made application with Bombay Stock Exchange (BSE) Limited to list its securities. The application is in process and your Directors are expecting to get the approval for listing of its securities on BSE Limited soon.

24. ACKNOWLEDGEMENTS:

Your Directors wish to express their sincere appreciation to all the Employees for their contribution and thanks to our valued clients, Bankers and shareholders for their continued support.

By Order of the Board For SINNER ENERGY INDIA LTD Date: 25.08.2015 Sd/- Mahesh Raut Chairman DIN: 00036179


Mar 31, 2014

Dear Members,

The Directors have pleasure in presenting their 19th Annual Report on the business and operations together with the Audited Statement of Accounts of the Company for the year ended 31st March, 2014.

1. FINANCIAL RESULTS:

Financial Results Financial Year Financial Year 2013-14 2012-13

Total Income 8,67,609 4,51,777

Total Expenditure 7,18,454 4,43,200

Profit/(Loss) before Taxation 1,49,155 8,577

Profit/ (Loss) after Taxation 1,01,436 9,543

2. REVIEW OF OPERATION:

The Company has made profit of Rs. 1,01,436/- during the financial year. Your Director expects to achieve better performance in the future taking maximum efforts to control the costs and optimize the results in the coming years.

3. DIVIDEND:

Your Director regrets their inability to recommend Dividend in view of inadequacy of Profits and carry forward losses, in year under review.

4. DEPOSITS:

The Company has not accepted any deposits from the public.

5. PARTICULARS OF EMPLOYEES:

Disclosure required under Section 217(2A) of the Companies Act, 1956 read with the Companies Particulars of Employees Rules as amended up to date is not applicable since your Company has no such employees.

6. DIRECTORS:

Mr. Mahesh Raut retires by rotation being eligible offers themselves for re-appointment at the ensuing Annual General meeting. The resolution for his appointment as Director is proposed in the Notice of Annual General Meeting for consideration of Members.

7. SUBSIDIARIES:

Since the Company has no subsidiaries, provision of Section 212 of the Companies Act, 1956 is not applicable.

8. DIRECTORS RESPONSIBILITY STATEMENT:

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

a) that in the preparation of the annual accounts for the financial year ended 31st March, 2014 the applicable accounting standards had been followed along with proper explanation relating to material departures.

b) that the Directors has selected such accounting policies and applied them consistently and made judgments 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 or loss of the Company for the year review.

c) that the Directors had 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,

d) The Directors had prepared the accounts for the financial year ended 31st March, 2014 on a going concern basis.

9. CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION:

Since the Company is not manufacturing activity as like a unit provision of Section 217(1)(e) of the Company Act, 1956, read with the Company (Disclosure of particulars in the report of Board of Directors) Rules, 1988 regarding conservation of energy, technology absorption and foreign exchange earning and outgo is not applicable.

10. FOREIGN EXCHANGE EARNINGS AND OUTGO:

There were no foreign exchange inflows (earnings) or outgo during the year. There are no direct exports.

11. RESEARCH & DEVELOPMENT AND TECHNOLOGY ABSOPTION:

No Specific Research & Development activities are being carried on by the Company. However the Company has quality control Department to check/improve the Quality of the products traded.

12. AUDITORS & AUDITORS REPORT

The Board recommends M/s. J.B. Wala & Co Chartered Accountants, as statutory auditors of the Company for the year 2014-15, who have also confirmed their appointment shall be within the limits specified under Section 224 (1B) of the Companies Act, 1956.

Necessary Resolutions for their appointment has been proposed in the Notice of Annual General Meeting for their for the consideration of the Members of the Company.

13. COMPLIANCE CERTIFICATE:

The Company has obtained compliance certificate pursuant to provisions of Section 383A of the Companies Act, 1956 from and is annexed hereto and forming part of the report.

14. STOCK EXCHANGES:

The Company's shares are listed on the following Stock Exchanges:

The Ahmedabad Stock Exchange.

15. CORPORATE GOVERNANCE:

Since the Company's Paid-up Capital & Net worth of within the limited prescribed for Clause 49, it is not applicable to the Company.

16. WHISTLE BLOWER POLICY:

The Company has adopted the Whistle blower policy and Vigil Mechanism in view to provide a mechanism for the directors and employees for the Company to approach Audit committee of the Company to report existing/ probable violatons of laws, rules, regulations or unethical conduct.

17. ACKNOWLEDGEMENTS:

Your Directors wish to express their sincere appreciation to all the Employees for their contribution and thanks to our valued clients, Bankers and shareholders for their continued support.

By Order of the Board For SINNER ENERGY INDIA LTD Sd/- Mahesh Raut Date: 02/09/2014 Chairman Place: Ahmedabad


Mar 31, 2013

Dear Members,

The Directors have pleasure in presenting their 18th Annual Report on the business and operations together with the Audited Statement of Accounts of the Company for the year ended 31st March, 2013.

1. FINANCIAL RESULTS:

Financial Results Financial Year Financial Year 2012-13 2011-12

Total Income 4,51,777 2,20,000

Total Expenditure (4,43,200) (2,19,389)

Profit/Loss before Taxation 8,577 611

Profit/ Loss after Taxation 9543 611

2. REVIEW OF OPERATION:

The Company has made a profit of Rs. 9,543/- during the financial year. Your Director expects to achieve better performance in the future taking maximum efforts to control the costs and optimize the results in the coming years.

3. DIVIDEND:

Your Director regrets their inability to recommend Dividend in view of inadequacy of Profits and carry forward losses, in year under review.

4. DEPOSITS:

The Company has not accepted any deposits from the public.

5. PARTICULARS OF EMPLOYEES:

Disclosure required under Section 217(2A) of the Companies Act, 1956 read with the Companies Particulars of Employees Rules as amended up to date is not applicable since your Company has no such employees.

6. DIRECTORS:

Mr. Pradip Mehta retires by rotation being eligible offers themselves for re-appointment at the ensuing Annual General meeting. The resolution for his appointment as Director is proposed in the Notice of Annual General Meeting for consideration of Members.

7. SUBSIDIARIES:

Since the Company has no subsidiaries, provision of Section 212 of the Companies Act, 1956 is not applicable.

8. DIRECTORS RESPONSIBILITY STATEMENT:

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

a) that in the preparation of the annual accounts for the financial year ended 31st March, 2013 the applicable accounting standards had been followed along with proper explanation relating to material departures.

b) that the Directors has selected such accounting policies and applied them consistently and made judgments 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 or loss of the Company for the year review.

c) that the Directors had 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,

d) The Directors had prepared the accounts for the financial year ended 31st March, 2013 on a going concern basis.

9. CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION:

Since the Company is not manufacturing activity as like a unit provision of Section 217(1)(e) of the Company Act, 1956, read with the Company (Disclosure of particulars in the report of Board of Directors) Rules, 1988 regarding conservation of energy, technology absorption and foreign exchange earning and outgo is not applicable.

10. FOREIGN EXCHANGE EARNINGS AND OUTGO:

There were no foreign exchange inflows (earnings) or outgo during the year. There are no direct exports.

11. RESEARCH & DEVELOPMENT AND TECHNOLOGY ABSOPTION:

No Specific Research & Development activities are being carried on by the Company. However the Company has quality control Department to check/improve the Quality of the products traded.

12. AUDITORS & AUDITORS REPORT

The Board recommends M/s. J.B. Wala & Co. Chartered Accountants, as statutory auditors of the Company for the year 2013-14, who have also confirmed their appointment shall be within the limits specified under Section 224 (1B) of the Companies Act, 1956.

Necessary Resolutions for their appointment has been proposed in the Notice of Annual General Meeting for their for the consideration of the Members of the Company.

13. COMPLIANCE CERTIFICATE:

The Company has obtained compliance certificate pursuant to provisions of Section 383A of the Companies Act, 1956 from and is annexed hereto and forming part of the report.

14. STOCK EXCHANGES:

The Company's shares are listed on the following Stock Exchanges:

The Ahmedabad Stock Exchange Limited.

15. CORPORATE GOVERNANCE:

Since the Company's Paid-up Capital & Net worth of within the limited prescribed for Clause 49, it is not applicable to the Company.

16. WHISTLE BLOWER POLICY:

The Company has adopted the Whistle blower policy and Vigil Mechanism in view to provide a mechanism for the directors and employees for the Company to approach Audit committee of the Company to report existing/ probable violatons of laws, rules, regulations or unethical conduct.

17. ACKNOWLEDGEMENTS:

Your Directors wish to express their sincere appreciation to all the Employees for their contribution and thanks to our valued clients, Bankers and shareholders for their continued support.

By Order of the Board For SINNER ENERGY INDIA LTD

Sd/- Date: 24th August, 2013 Mahesh Raut Place: Ahmedabad Chairman


Mar 31, 2012

Dear Members

The Directors have pleasure in presenting their 17th Annual Report on the business and operations together with the Audited Statement of Accounts of the Company for the year ended 31st March, 2012.

1. FINANCIAL RESULTS:

Financial Results Financial Year Financial Year 2011-12 2010-11

Total Income 2,20,000 2,43,500

Total Expenditure 2,19,389 2,39,219

Profit/Loss before Taxation 611 4,281

Profit/ Loss after Taxation 611 4,281

2. REVIEW OF OPERATION:

The Company has made a meager profit of Rs. 611/- during the financial year. Your Director expects to achieve better performance in the future taking maximum efforts to control the costs and optimize the results in the coming years.

3. DIVIDEND:

Your Director regrets their inability to recommend Dividend in view of inadequacy of Profits and carry forward losses, in year under review.

4. DEPOSITS:

The Company has not accepted any deposits from the public.

5. PARTICULARS OF EMPLOYEES:

Disclosure required under Section 217(2A) of the Companies Act, 1956 read with the Companies Particulars of Employees Rules as amended up to date is not applicable since your Company has no such employees.

6. DIRECTORS:

Mr. Mukesh Desai retire by rotation being eligible offers themselves for re-appointment at the ensuing Annual General meeting. The resolution for his appointment as Director is proposed in the Notice of Annual General Meeting for consideration of Members.

7. SUBSIDIARIES:

Since the Company has no subsidiaries, provision of Section 212 of the Companies Act, 1956 is not applicable.

8. DIRECTORS RESPONSIBILITY STATEMENT:

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

a) that in the preparation of the annual accounts for the financial year ended 31st March, 2012 the applicable accounting standards had been followed along with proper explanation relating to material departures.

b) that the Directors has selected such accounting policies and applied them consistently and made judgments 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 or loss of the Company for the year review.

c) that the Directors had 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,

d) The Directors had prepared the accounts for the financial year ended 31st March, 2012 on a going concern basis.

9. CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION:

Since the Company is not manufacturing activity as like a unit provision of Section 217(1)(e) of the Company Act, 1956, read with the Company (Disclosure of particulars in the report of Board of Directors) Rules, 1988 regarding conservation of energy, technology absorption and foreign exchange earning and outgo is not applicable.

10. FOREIGN EXCHANGE EARNINGS AND OUTGO:

There were no foreign exchange inflows (earnings) or outgo during the year. There are no direct exports.

11. RESEARCH & DEVELOPMENT AND TECHNOLOGY ABSOPTION:

No Specific Research & Development activities are being carried on by the Company. However the Company has quality control Department to check/improve the Quality of the products traded.

12. AUDITORS & AUDITORS REPORT

The Board recommends M/s. J.B. WALA & CO. Chartered Accountants, as statutory auditors of the Company for the year 2012-13, who have also confirmed their appointment shall be within the limits specified under Section 224 (1B) of the Companies Act, 1956.

Necessary Resolutions for their appointment has been proposed in the Notice of Annual General Meeting for their for the consideration of the Members of the Company.

13. COMPLIANCE CERTIFICATE:

The Company has obtained compliance certificate pursuant to provisions of Section 383A of the Companies Act, 1956 from and is annexed hereto and forming part of the report.

14. STOCK EXCHANGES:

The Company's shares are listed on the following Stock Exchanges:

Ahmedabad Stock Exchange Limited.

15. CORPORATE GOVERNANCE:

Since the Company's Paid-up Capital & Net worth of within the limited prescribed for Clause 49, it is not applicable to the Company.

16. WHISTLE BLOWER POLICY:

The Company has adopted the Whistle blower policy and Vigil Mechanism in view to provide a mechanism for the directors and employees for the Company to approach Audit committee of the Company to report existing/ probable violatons of laws, rules, regulations or unethical conduct.

17. ACKNOWLEDGEMENTS:

Your Directors wish to express their sincere appreciation to all the Employees for their contribution and thanks to our valued clients, Bankers and shareholders for their continued support.

By Order of the Board For SINNER ENERGY INDIA LTD

Sd/- Date: 02nd September, 2012 Mahesh Raut Place: Ahmedabad Chairman


Mar 31, 2011

Dear Members,

The Directors have pleasure in presenting their 16th Annual Report on the business and operations together with the Audited Statement of Accounts of the Company for the year ended 31st March, 2011.

1. FINANCIAL RESULTS:

Financial Results Financial Year Financial Year 2010-11 2009-10

Total Income 2,43,500 2,72,200

Total Expenditure 2,39,219 2,60,788

Profit/Loss before Taxation 4,281 11,912

Profit/ Loss after Taxation 4,281 11,912

2. REVIEW OF OPERATION:

The Company has made a meager Profit of Rs. 4,281/- during the financial year. Your Director expects to achieve better performance in the future taking maximum efforts to control the costs and optimize the results in the coming years.

3. DIVIDEND:

Your Director regrets their inability to recommend Dividend in view of inadequacy of Profits and carry forward losses, in year under review.

4. DEPOSITS:

The Company has not accepted any deposits from the public.

5. PARTICULARS OF EMPLOYEES:

Disclosure required under Section 217(2A) of the Companies Act, 1956 read with the Companies Particulars of Employees Rules as amended up to date is not applicable since your Company has no such employees.

6. DIRECTORS:

Mr. Mahesh Raut retires by rotation being eligible offers themselves for re-appointment at the ensuing Annual General meeting. The resolution for his appointment as Director is proposed in the Notice of Annual General Meeting for consideration of Members.

7. SUBSIDIARIES:

Since the Company has no subsidiaries, provision of Section 212 of the Companies Act, 1956 is not applicable.

8. DIRECTORS RESPONSIBILITY STATEMENT:

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

a) that in the preparation of the annual accounts for the financial year ended 31st March, 2011 the applicable accounting standards had been followed along with proper explanation relating to material departures.

b) that the Directors has selected such accounting policies and applied them consistently and made judgments 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 or loss of the Company for the year review.

c) that the Directors had 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,

d) The Directors had prepared the accounts for the financial year ended 31st March, 2011 on a going concern basis.

9. CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION:

Since the Company is not manufacturing activity as like a unit provision of Section 217(1)(e) of the Company Act, 1956, read with the Company (Disclosure of particulars in the report of Board of Directors) Rules, 1988 regarding conservation of energy, technology absorption and foreign exchange earning and outgo is not applicable.

10. FOREIGN EXCHANGE EARNINGS AND OUTGO:

There were no foreign exchange inflows (earnings) or outgo during the year. There are no direct exports.

11. RESEARCH & DEVELOPMENT AND TECHNOLOGY ABSOPTION:

No Specific Research & Development activities are being carried on by the Company. However the Company has quality control Department to check/improve the Quality of the products traded.

12. AUDITORS & AUDITORS REPORT

The Board recommends M/s. J.B. Wala & Co Chartered Accountants, as statutory auditors of the Company for the year 2011-12, who have also confirmed their appointment shall be within the limits specified under Section 224 (1B) of the Companies Act, 1956.

Necessary Resolutions for their appointment has been proposed in the Notice of Annual General Meeting for their for the consideration of the Members of the Company.

13. COMPLIANCE CERTIFICATE:

The Company has obtained compliance certificate pursuant to provisions of Section 383A of the Companies Act, 1956 from and is annexed hereto and forming part of the report.

14. STOCK EXCHANGES:

The Company's shares are listed on the following Stock Exchanges:

Ahmedabad Stock Exchange Limited

15. CORPORATE GOVERNANCE:

Since the Company's Paid-up Capital & Net worth of within the limited prescribed for Clause 49, it is not applicable to the Company.

16. WHISTLE BLOWER POLICY:

The Company has adopted the Whistle blower policy and Vigil Mechanism in view to provide a mechanism for the directors and employees for the Company to approach Audit committee of the Company to report existing/ probable violatons of laws, rules, regulations or unethical conduct.

17. ACKNOWLEDGEMENTS:

Your Directors wish to express their sincere appreciation to all the Employees for their contribution and thanks to our valued clients, Bankers and shareholders for their continued support.

By Order of the Board For SINNER ENERGY INDIA LTD

Date: 02nd September, 2011 Sd/- Place: Ahmedabad Mahesh Raut Chairman

 
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