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Directors Report of Suryodaya Investment & Trading Ltd.

Mar 31, 2012

THE MEMBERS OF SURYODAYA INVESTMENT AND TRADING COMPANY LIMITED

The Directors of your Company presents the Annual Report and the Audited Statement of Accounts for the year ended 31st March, 2012.

OPERATION:

During the year your Company has incurred a net profit of Rs. 236,624/-. The total loss carried forwarded to the Balance Sheet is Rs. 81,752,633/-.

DIVIDEND:

In view of the augment of resources, your Directors do not recommend any dividend for the year.

PUBLIC DEPOSIT:

The Company has not accepted any public deposit as defined under the provisions of Non-Banking Financial Companies (Reserve Bank) Direction 1977.

DIRECTOR:

Shri S. M. Singhvi and Shri A. K. Singhania are retiring by rotation at the ensuing Annual General Meeting and being eligible, offer themselves for re-appointment.

DIRECTORS RESPONSIBILITY STATEMENT:

The Directors confirm that, they had:

a. followed in the preparation of annual accounts, the applicable accounting standards and given proper explanation relating to material departure if any;

b. 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 at the end of the financial year and of the profit or loss of the company for that period;

c. taken proper and sufficient care for the maintenance of adequate account records in accordance with the provisions of the Act so as to safeguard the assets of the company and to prevent and detect fraud and other irregularities;

d. prepared the accounts on a going concern basis;

AUDITORS:

The present auditors M/s. Khandelwal Jain & Company, Chartered Accountants, will be retiring at the ensuring Annual General Meeting and being eligible offer themselves for reappointment.

PARTICULARS OF EMPLOYEES:

The particulars of the employees as required under section 217(2A) of the Companies Act, 1956, read with the Companies (particulars of employees) Rule, 1975 is not applicable to the Company,

ENERGY CONSERVATION / TECHNOLOGY ABSORPTION / FOREIGN EXCHANGE EARNINGS AND OUTGO:

The Company has no activities relating to conservation of energy or technology absorption. During the year under review, five Company did not cam and use any Foreign Exchange.

By order of Board of Directors

For Suryodaya Investment and Trading Co. Limited

R.S.Bhangui S.M.Singhvi

DIRECTORS

Place : Mumbai

Date 3rd September, 2012


Mar 31, 2010

THE MEMBERS OF SURYODAYA INVESTMENT AND TRADING COMPANY LIMITED

The Directors of your Company presents the Annual Report and the Audited Statement of Accounts for the year ended 31st March, 2010.

OPERATION:

During the year your Company has incurred a net Loss of Rs. 120,895/-. The total loss carried forwarded to the Balance Sheet is Rs. 77,761,543/-.

DIVIDEND:

In view of the losses incurred, your Directors do not recommend any dividend for the year.

PUBLIC DEPOSIT:

The Company has not accepted any public deposit as defined under the provisions of Non-Banking Financial Companies (Reserve Bank) Direction 1977.

DIRECTOR:

Shri R. S. Bhangui and Shri S. M. Singhvi are retiring by rotation at the ensuing Annual General Meeting and being eligible, offer themselves for re-appointment.

DIRECTORS RESPONSIBILITY STATEMENT:

The Directors confirm that, they had:

a. followed in the preparation of annual accounts, the applicable accounting standards and given proper explanation relating to material departure if any;

b. 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 at the end of the financial year and of the profit or loss of the company for that period;

c. taken proper and sufficient care for the maintenance of adequate account records in accordance with the provisions of the Act so as to safeguard the assets of the company and to prevent and detect fraud and other irregularities;

d. prepared the accounts on a going concern basis;

AUDITORS:

The present auditors M/s. Khandelwal Jain & Company, Chartered Accountants, will be retiring at the ensuring Annual General Meeting and being eligible offer themselves for reappointment.

PARTICULARS OF EMPLOYEES:

The particulars of the employees as required under section 217(2A) of the Companies Act, 1956, read with the Companies (particulars of employees) Rule, 1975 is not applicable to the Company.

ENERGY CONSERVATION / TECHNOLOGY ABSORPTION / FOREIGN EXCHANGE EARNINGS AND OUTGO:

The Company has no activities relating to conservation of energy or technology absorption. During the year under review, the Company did not earn and use any Foreign Exchange.

By order of Board of Directors For Suryodaya Investment and Trading Co, Limited

R. S. Bhangui S. M. Singhvi DIRECTORS

Place : Mumbai Date : 2nd September, 2010

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