Directors Report of SPV Global Trading Ltd.

Mar 31, 2014

Dear Members,

We are pleased to present the Twenty-Ninth Annual Report of the Company together with the audited statement of accounts for the year ended 31st March, 2014.

FINANCIAL RESULTS:

The working for the year has resulted in a profit of Rs. 7,548/- (Previous year profit of Rs.79, 683/-) after making provision for non-performing Assets.

WORKING:

Non- banking Finance Companies are facing stiff competition from the banks who have access to cheaper funds. The industrial environment of the country has improved and the share markets are also buoyant. Company is considering some other avenues to make the company profitable.

DIRECTORS:

Mr. Sanjay Mundhra, & Mr. Harish V. Shenvi, who retires by rotation and being eligible, offers themselves for reappointment.

DIVIDEND:

The directors do not recommend any dividend for the year 31st March, 2014.

DEPOSIT:

The Company has not accepted any deposits from Public.

DIRECTORS'' RESPONSIBILITY STATEMENT:

Pursuant to sub-section (2AA) of section 217 of the Companies Act, 1956, the Board of Directors of the Company hereby state and confirm that:

i) in the preparation of the Annual Accounts, the applicable Accounting Standards had been followed along with proper explanation relating to material departures;

ii) the Directors had 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 of the Company for that period.

iii) 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.

iv) the Directors had prepared the annual accounts on a going concern basis.

AUDITORS:

The auditors M/s. K. K. KHADARIA & CO. will retire at the ensuing Annual General meeting, and being eligible offer themselves for re-appointment.

PARTICULARS OF EMPLOYEES:

The Company has no employee in the category specified under section 217 (2A) of the Companies Act. 1956.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS & OUTGO:

Provision of section 217(1) (e) read with the Companies (Disclosure in the report of Board of Directors) Rule 1986 are not applicable to your Company since your company is not scheduled industry. During the year under review your Company neither earned nor spent any foreign exchange.

CORPORATE GOVERNANCE:

Clause 49 of Listing Agreement regarding Corporate Governance does not apply to your Company.

On behalf of the Board

HARISH V. SHENVI DIRECTOR

MUMBAI

24th May, 2014

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Mar 31, 2012

Dear Members

The are pleased to present the Twenty-Seventh Annual Report of the Company together with the audited statement of accounts for the year ended 31st March, 2012.

FINANCIAL RESULTS:

The working for the year has resulted in a profit of Rs. 837,875/- (Previous year profit of Rs.7,73,105-) after making provision for non performing Assets.

WORKING:

Non- banKing Finance Companies are facing stiff competition from the banks who have access to cheaper funds. The industrial environment of the country has improved and the share markets are also buoyant Company is considering some other avenues to make the company profitable.

DIRECTORS:

Mr Sanjay Mundhra, & Mr. Harish V. Shenvi, who retires by rotation and being eligible, offers themselves for reappointment.

DIVIDEND:

The directors do not recommend any dividend for the year 31st March, 2012.

DEPOSIT:

The Company has not accepted any deposits from Public.

DIRECTORS' RESPONSIBILITY STATEMENT:

Pursuant to sub-section (2AA) of section 217 Of the Companies Act, 1956, the Board of Directors of the Company hereby state and confirm that:

i ) in the preparation of the Annual Accounts, the applicable Accounting Standards had been followed along with proper explanation relating to material departures;

ii) the Directors had 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 of the Company for that period.

iii) 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.

iv} the Directors had prepared the annual accounts on a going concern basis.

AUDITORS:

The auditors M/s. K. K. KHADARIA & CO. will retire at the ensuing Annual General meeting, and being eligible offer themselves for re-appointment.

PARTICULARS OF EMPLOYEES: J

The Company has no employee in the category specified ujffder section 217 (2A) of the Companies Act, 1956. /"

CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS & OUTGO:

Provision of section 217(1} (e) read with the Companies (Disclosure in the report of Board of Directors) Rule 1986 are not applicable to your Company since your company is not scheduled industry. During the year under review your Company neither earned nor spent any foreign exchange.

CORPORATE GOVERNANCE:

Clause 49 of Listing Agreement regarding Corporate Governance does not apply to your Company

For KKf CHADARIA & CO

CHARTERED ACCOUNTANTS

(FirmRegn.No.l05013W)

PLACE: MUMBAI AJAY DAGA

DATED :31st August, 2012 PARTNER

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Mar 31, 2010

We are pleased to present the Twenty-Fifth Annual Report of the Company together with the audited statement of accounts for the year ended 31st March, 2010.

FINANCIAL RESULTS:

The working for the year has resulted in a profit of Rs. 2,02,802/- (Previous year profit of Rs.9,57,389/-) after making provision for non performing Assets.

WORKING:

Non- banking Finance Companies are facing stiff competition from the banks who have access to cheaper funds. The industrial environment of the country has improved and the share markets are also buoyant. Company is considering some other avenues to make the company profitable.

DIRECTORS:

Mr. Balkrishna Binani & Mr. Navratan Damani who retires by rotation and being eligible, offers themselves for reappointment.

DIVIDEND:

The directors do not recommend any dividend for the year 31st March, 2010.

DEPOSIT:

The Company has not accepted any deposits from Public.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to sub-section (2AA) of section 217 of the Companies Act, 1956, the Board of Directors of the Company hereby state and confirm that:

i ) in preparation of the Annual Accounts, the applicable Accounting Standards had been followed along with proper explanation relating to material departures;

ii) the Directors had 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 of the Company for that period.

iii) 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

iv ) the Directors had prepared the annual accounts on a going concern basis.

AUDITORS:

The auditors M/s. K. K. KHADARIA & CO. will retire at the ensuing Annual General meeting, and being eligible offer themselves for re-appointment.

PARTICULARS OF EMPLOYEES.

The Company has no employee in the category specified under section 217 (2A) of the Companies Act, 1956.

CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS & OUTGO:

Provision of section 217(1) (e) read with the Companies (Disclosure in the report of Board of Directors) Rule 1986 are not applicable to your Company since your company is not scheduled industry. During the year under review your Company neither earned nor spent any foreign exchange.

CORPORATE GOVERNANCE:

Clause 49 of Listing Agreement regarding Corporate Governance does not apply to your Company.

On behalf of the Board

MUMBAI BALKRISHNA BINANI

30th August, 2010 DIRECTOR