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Directors Report of Symbiox Investment & Trading Co. Ltd.

Mar 31, 2014

The Directors have pleasure to submit their Annual Report together with Audited Accounts and Auditor's Report of the Company for the financial year ended 31st March, 2014.

OPERATION AND FINANCIAL RESULT

The performance of the company for the financial year ended 31st, March, 2014:

PARTICULARS 2013-2014 2012-2013 Amount in (Rs.) Amount in (Rs.)

Revenue from Operations 28,40,500 3,19,896

Other Income -- --

Total Income 28,40,500 3,19,896

Less: Total Expenses 27,23,755 2,11,804

Profit before Depreciation, Interest & Tax 1,16,745 1,15,697

Less: Interest -- --

Depreciation -- 53

Profit before Tax and Exceptional/Extraordinary Items 1,16,745 1,15,750

Exceptional/ Extraordinary Items -- --

Profit before Tax 1,16,745 1,15,750

Less: Provision for Current Tax 36,070 35,767

Profit after Tax 80,675 79,983

Less: Income Tax for earlier years -- --

Add: Profit brought forward from 94,067 14,084

Previous year

Balance carried to Balance Sheet 1,74,742 94,067

RESULT OF OPERATIONS:

During the current period of operation, your company has shown a turnover of Rs. 28, 40,500/- Your Directors report that the working of the Company for the year under review has resulted in a Profit of Rs.80, 675/- (after tax).

DIVIDEND

In view of nominal profit during the year & for better prospective & expansion, your Directors do not propose any dividend.

PERSONNEL

The Company had no employee during the year under review, who was in receipt of remuneration in excess of the limit specified under section 217(2A) of the Companies Act, 1956, read with Companies (Particulars of Employees) Amendment Rules, 2011.

Your Company's work force and management have been working with mutual respect, co-operation and understanding. The Board wishes to appreciate the efforts put in by all the categories of employees towards the progress achieved by the Company during the year.

CHANGE IN REGISTERED OFFICE OF THE COMPANY

During the year under review, the Company has changed its registered from 122, Jodhpur Park, Kolkata – 700 068 to 7A, Rani Rashmoni Road, Kolkata- 700013 West Bengal

APPOINTMENT OF DIRECTORS

In accordance with the Articles of Association of the Company and the provisions of the Companies Act, 1956, the Directors of the Company are eligible for retirement by rotation.

APPOINTMENT OF AUDITORS

Mr. Pravin Poddar, Chartered Accountants, retire at the forthcoming General Meeting and being eligible for Re-appointment, the Company has received a certificate from the auditors to the effect that their re- appointment, if made, would be within the prescribed limits under Section 141 of the Companies Act, 2013.

ISSUE OF SHARES ON PREFERENTIAL BASIS

During the year under review, the Company had issued 3,10,00,000 Equity Shares of Rs 10/- each on Preferential basis to the Promoter & Non Promoter Group. The issued & paid up capital of the Company was increased from Rs 28,73,300/- to Rs 31,28,73,300/-

PUBLIC DEPOSIT

The company has not accepted any deposit within the meaning of the section 58A of the Companies Act, 1956

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS & OUTGOINGS:

The necessary information U/s 217(1)(e) of the Companies Act, 1956 as required by the Companies (Disclosure of Particulars in the report of Board of Directors) Rules, 1988 for Conservation of Energy, technology absorption and Foreign Exchange Earnings & Outgoings are not applicable to the Company.

RESEARCH AND DEVELOPMENT: NIL

AUDITORS REPORT

As regards the observations in the Auditor's Report the explanations given in the Notes to the Accounts are self- explanatory.

APPOINTMENT/RE-APPOINTMENT OF DIRECTORS

In accordance with the Articles of Association of the Company and the provisions of the Companies Act, 1956 with correspondence to the Companies act, 2013, the Directors of the Company are eligible for retirement by rotation.

CORPORATE GOVERNANCE

A report on Corporate Governance along with a Certificate from the Practicing Company Secretaries of the Company regarding the compliance with conditions of Corporate Governance as also the Management Discussion and Analysis Report as stipulated under Clause 49 of the Equity Listing Agreement are annexed to this Report.

DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to the requirements of the provisions of Section 217(2AA) of the Companies Act, 1956, your Director Confirms as under:

I. That in the preparation of the annual accounts the applicable accounting standards has been followed along with proper explanation relating to material departure;

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 at the end of the financial year viz., March 31, 2014 and of the profit of the Company for the year ended on that date;

III. That the Directors have taken proper and sufficient care for the maintenance of adequate accounting records, in accordance with the provisions of the Act, for safeguarding the assets of the Company and for preventing and detaching fraud and other irregularities;

IV. That the directors have prepared the annual accounts ongoing concern basis.

EXTRACTS OF ANNUAL RETURN AS ON THE FINANCIAL YEAR ENDED ON 31.03.2014 I. REGISTRATION AND OTHER DETAILS:- I) CIN:- L65993WB1979PLC032012

II) Registration Date:- 14/05/1979

III) Name of the Company: - Symbiox Investment & Trading Co. Limited

IV) Category/Sub Category of the Company:- Limited By Shares/Indian Non Government Company

V) Address of Registered office and contact details:- 7A, Rani Rashmani Road, Kolkata – 700013, West Bengal, India.

VI) Listed Company:- Yes

VII) Name of the stock exchange where the shares of the companies are listed:- The Calcutta Stock Exchange Ltd.

VIII) Remuneration of directors and Key Managerial Personnel: - Company is not paying remuneration to its Directors and KMP's. The Company is not paying any sitting fees to its Independent Director.

IX) Penalties / Punishment / Compounding of offences: - Company is not having any penalties and punishment neither on itself and nor on its directors.

X) Particulars of Holding, Subsidiary and Associate Companies:-

SL. Name of the company CIN/GLN Holding/ % of No. Subsidiary/ Shares Associate Held

1 Fastwell Sales Private Limited U51909WB2011PTC170190 Subsidiary 98%

2 Muscovite Agencies Private Limited U74999WB2012PTC178805 Subsidiary 98%

3 Helot Merchants Private Limited U74999WB2012PTC179552 Subsidiary 98%

4 Premio Projects Private Limited U70102WB2012PTC186688 Subsidiary 98%

5 Ganadipati Project Advisory Private Limited U74900WB2012PTC189312 Subsidiary 98%

6 Srimma Real Estate Limited U45400WB2011PLC162898 Subsidiary 52%

7 Nabajeeban Agri Tech Limited U01200WB2011PLC164595 Subsidiary 52%

8 Hence Agro Development Limited U01403WB2012PLC188693 Subsidiary 51%

9 Hence Home Appliances Limited U71210WB2012PLC188691 Subsidiary 88%

10 Hence Tour & Travels Limited U63090WB2012PLC188734 Subsidiary 51%

11 Hence Spices Limited U52390WB2012PLC188733 Subsidiary 51%

12 Basic Agro India Limited U01403WB2013PLC191951 Subsidiary 100%

13 Angarika Retailers Private Limited U74900WB2014PTC201614 Subsidiary 51%

14 Capable Traders Private Limited U74900WB2014PTC201683 Subsidiary 51%

15 Derica Dealers Private Limited U51909WB2014PTC200890 Subsidiary 51%

16 Henio Merchants Private Limited U51909WB2014PTC201071 Subsidiary 51%

17 Octavio Merchants Private Limited U51909WB2014PTC201027 Subsidiary 51%

18 Swastik City Developers Limited U45400WB2011PLC165381 Subsidiary 100%

19 Valere Commosales Private Limited U51909WB2014PTC201012 Subsidiary 51%

20 Vanora Merchants Private Limited U51909WB2014PTC201072 Subsidiary 51%

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

As required under Clause 49 of the Equity Listing Agreement with the Stock Exchanges, the Management Discussion and Analysis of the financial condition and results of consolidated operations of the Company under review, is annexed and forms an integral part of the Director's Report.

ACKNOWLEDGEMENTS

The Directors wish to thank and deeply acknowledge the co- operation, assistance and support extended by the Government Authorities, Company's Bankers, Dealers, Vendors, Customers, Suppliers, Shareholders and other who have supported the company during its difficult time and hope to receive their continued support. The Directors also wish to place on record the appreciation for the all round co-operation and contribution made by employees at all levels.

By Order of the Board of Directors Date-30th May, 2014 For Symbiox Investment & Trading Co. Ltd

Place: Kolkata

Registered Office:

7A, Rani Rashmoni Road, Mohit Sharma

Kolkata- 700013 Managing Director

West Bengal


Mar 31, 2013

The Directors have pleasure to submit their Annual Report together with Audited Accounts and Auditor's Report of the Company for the financial year ended 31st March, 2013.

PROFIT & LOSS ACCOUNT

The performance of the company for the financial year ended 31st, March, 2013:

PARTICULARS Amount (Rs.) Amount (Rs.)

Profit 1,15,750.00

Less: Provision for Current Tax 35,766.75

Profit after Tax 79,983.25

Less: Income Tax for earlier years --

Add: Balance of Loss brought forward from (-) 47,04,097.00

Previous year

Balance carried to Balance Sheet (-) 46,24,113.75

WORKING RESULTS

The working of the Company shows a net profit of Rs. 79,983.25. The Directors are optimistic of making profits in the coming years.

DIVIDEND

Due to requirement of Working Capital the Company refrained from declaring any dividend.

DIRECTORS' RESPONSIBILITY STATEMENT

I. That in the preparation of the Annual Accounts the applicable accounting statements has been followed along with proper explanation relating to material departments.

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 at the end of the financial year profit & loss of the Company for that 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 Act, for safeguarding the assets of the Company and for preventing and detaching fraud and other irregularities.

IV. That the directors have prepared the annual accounts ongoing concern basis.

AUDITORS

The Auditors M/s. S.S. Kothari & Co., Chartered Accountants retire and offer themselves for re- appointment.

PARTICULARS OF EMPLOYEES U/S. 217 (2S) PF THE COMPANIES ACT, 1956

There was no employees employed throughout the year for year for a salary of Rs.60,00,000/- per annum or more or employed for part of the year for a salary of Rs.5,00,000/- per month or more. No. employee has received a remuneration, which in the aggregate in the financial year exceeded that drawn by Managing Director, Manager or Whole Time Director of the Company.

There was no foreign exchange income or outflow during the year mentioned.

The Company being as investment Company, the question of conservation of energy does not arise.

By Order of the Board of Directors For

Date-02nd September 2013 Symbiox Investment & Trading Co. Ltd

Place: Kolkata

Registered Office: Bratindra Nath Mitra

122, Jodhpur Park Director

Kolkata- 700068

West Bengal


Mar 31, 2012

The Directors have pleasure to submit their Annual Report together with Audited Accounts and Auditor's Report of the Company for the financial year ended 31st March, 2012.

PROFIT & LOSS ACCOUNT:

The performance of the company for the financial year ended 31st, March, 2012:

PARTICULARS Amount Amount

(Rs.) (Rs.)

Net Profit 20,384

Less: Provision for Income Tax 6,300 14,084

Less: Income Tax for earlier years --

Add: Balance of loss brought forward from Previous year (-)47,18,181

Balance carried to Balance Sheet (-)47,04,097

WORKING RESULTS:

The working of the Company shows a net profit of Rs.14,084/-. The Directors are optimistic of making profits in the coming years.

DIVIDEND:

Due to requirement of Working Capital the Company refrained from declaring any dividend.

DIRECTORS:

Shri Rupak Sen, Director of the company retires by rotation and being eligible offers himself for re- appointment.

DIRECTORS' RESPONSIBILITY STATEMENT

I. That in the preparation of the Annual Accounts the applicable accounting statements has been followed along with proper explanation relating to material departments.

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 at the end of the financial year profit & loss of the Company for that 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 Act, for safeguarding the assets of the Company and for preventing and detaching fraud and other irregularities.

IV. That the directors have prepared the annual accounts ongoing concern basis.

COMPLIANCE CERTIFICATES:

The said certificate as required u/s 383A of the Companies Act, 1956 is enclosed herewith.

AUDITORS

The Auditors M/s. S.S. Kothari & Co., Chartered Accountants retire and offer themselves for re- appointment.

PARTICULARS OF EMPLOYEES U/S. 217 (2S) PF THE COMPANIES ACT, 1956

There was no employees employed throughout the year for year for a salary of Rs.6,00,000/- per annum or more or employed for part of the year for a salary of Rs.50,000/- per month or more. No. employee has received a remuneration, which in the aggregate in the financial year exceeded that drawn by Managing Director, Manager or Whole Time Director of the Company.

There was no foreign exchange income or outflow during the year mentioned.

The Company being as investment Company, the question of conservation of energy does not arise.

By Order of the Board of Directors

For Symbiox Investment & Trading Co. Ltd

Date-03rd September 2012

Place: Kolkata

Bratindra Nath Mitra

Registered Office: Director

122, Jodhpur Park

Kolkata- 700068

West Bengal

 
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