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Directors Report of Trijal Industries Ltd.

Mar 31, 2014

Dear members,

The Directors have great pleasure in presenting 23rd Annual Report together with the Audited statement of Accounts for the year ended 31st March, 2014.

1. FINANCIAL HIGHLIGHTS:

SOURCES 31/3/2014 31/3/2013 RS. Rs

1) Gross Income 7.53 572.51

2) Gross Operating Profit 5.43 1.64

3) Depreciation & Amortization (0.88) (1.31)

4) Profit/(Loss) Before Tax 0.52 0.33

5) Provision for Taxation (0.30) (0.30)

6) Profit/(Loss) After Tax 0.03 0.03

7) Less: Pr. Yr. Income tax W/off 0 0

8) Add/(Less): Transfd. To/from Deferred Tax Liability 0.17 0.20)

9) Net Profit Carried To Balance Sheet 0.36 0.23

10) Add: Balance Brought Down 27.21 26.97

11) Add: Prev. Yr. Adjustment 0.00 0.00

TOTAL 27.57 27.21

2. DIVIDEND:

In the absence of adequate profits, your Directors did not recommend any dividend for the current year.

3. DIRECTORS:

During the year, Mr. Kamlesh B. Mehta, Director is retiring by rotation and being eligible offers himself for re-appointment.

Impending notification of Section 149 and other applicable provisions of the Companies Act, 2013, your Directors are seeking appointment of Mr. Visswas B. Panse (DIN - 03040544), Mr. Ashok T. Bhanushali (DIN - 03130730) as Independent Directors for five consecutive years for a term up to 31 March 2019.

4. DEPOSITS:

During the year Your Company has not accepted any deposits from the public.

5. EMPLOYEES:

Particulars of employees as required by Section 217 (2A) of the Companies (Particulars of Employees) Rules, 1975 are not given as no employees are drawing salary in excess of the limit of the Section 217(2A).

6. AUDITORS:

M/S DAGDULAL K. JAIN & CO, Chartered Accountants, Mumbai, who are Statutory Auditors of your Company, are due for retirement in accordance with the provisions of the Companies Act, 1956 at the ensuing Annual General Meeting. They have signified their willingness to be re-appointed as Statutory Auditor of the Company.

M/S DAGDULAL K. JAIN & CO, Chartered Accountants, Mumbai are being Appointed as the Statutory Auditors of your Company at the ensuing Annual General Meeting. Your Directors recommend their appointment for the ensuing year.

The Company has received letters from M/S DAGDULAL K. JAIN & CO, Chartered Accountants, Mumbai, to the effect that their appointment, if made, would be within the prescribed limits under Section 141(3)(g) of the Companies Act, 2013 and that they are not disqualified from being appointed as Statutory Auditors ofthe Company.

7. AUDITORS REMARK:

The Notes to the Accounts referred to in the Auditors Report are self explanatory and, therefore, do not call for any further comments. 9

8. MANAGEMENT DISCUSSION AND ANALYSIS:

Management Discussion and Analysis of Financial Condition and Results of Operation ofthe Company for the year under review, as stipulated in Clause 49 ofthe Listing Agreement with the Stock Exchanges, is given as a separate statement in this Annual Report (Annexure 1).

9. CORPORATE GOVERNANCE:

Report on Corporate Governance along with a certificate from the Auditors of the Company regarding compliance of the requirements of Corporate Governance, as also a Management Discussion & Analysis Report pursuant to Clause 49 ofthe Listing Agreement with Stock Exchange are annexed hereto.

10. CEO/CFO CERTIFICATION:

Certificate of CEO / CFO of the Company on Financial Statements, Cash Flow for the financial year 2013-14 and Certificate of CEO i.e. Whole Time Director of the Company for compliance with code of conduct by Board members and Senior Management personnel on annual basis are enclosed herewith.

11. COMMITTEES OF BOARD:

Pursuant to Section 178 of the Companies Act, 2013, The Company has changed the name of Remuneration committee and shareholders committee to "Nomination and Remuneration Committees" and "stakeholders'' committee" respectively, in their meeting held on 30th May, 2014 the details ofthe same are mentioned in the Corporate Governance Report annexed hereto.

12. SECRETARIAL AUDITOR:

The Board has appointed HS associates, Company Secretaries as the Secretarial Auditor ofthe Company for the financial year 2014-2015.

13. SUBSIDIARIES:

As the Company has no subsidiaries, the provisions of Section 212 ofthe Companies Act, 1956 does not apply.

14. PARTICULARS OF CONSERVATION OF ENERGY & TECHNOLOGY ABSORPTION:

Being a Service Provider and Trading Company, no activities relating to conservation of energy & technology absorption are carried out as such and this provisions are not applicable hence not applicable.

15. AUDIT COMMITTEE:

As per the provisions of Section 292(4) of the Companies Act, 1956 the company has formed an audit committee comprising of Directors of the Company. The committee reviews the requirements ofthe aforesaid section and report to the Board of Directors.

16. DIRECTORS RESPONSIBILITY STATEMENT:

Your Directors would like to inform the members that the audited accounts containing the financial statements for the year 2013 are in full conformity with the requirement of the Act and they believe that the financial statements reflect fairly the form and substance of the transactions carried out during the year and reasonably present the company''s financial condition and result of operations. These financial statements are audited by the Statutory Auditors M/s Dagdulal k. Jain & Co. Your Directors further confirm that:

1. In the preparation ofthe annual accounts, applicable Accounting Standards have been followed;

2. The Accounting Policies are consistently applied and reasonable, prudent judgement and estimates are made so as to give a true and fair view ofthe state of affairs ofthe company as at 31st March, 2013 and ofthe Profit ofthe Company for the year ended on that date.

3. That the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act, for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

4. That the Directors had prepared the annual accounts on a going concern basis.

Your Directors wish to take this opportunity to thank the Shareholders, Bankers, and Customers etc. for their co-operation and support extended to company. For and on behalf of the Board of Directors Place:Mumbai Sd/- Sd/- Date:12th August,2014 Kamlesh B.Mehta Visswas B. Paanse Director Director


Mar 31, 2011

To The Members OF TRIJAL INDUSTRIES LIMITED.

The Directors have great pleasure in presenting 20THAnnual Report together with the Audited statement of Accounts for the year ended 31st March, 2011.

1. FINANCIAL HIGHLIGHTS: (AMOUNT Rs. IN LACS)

SOURCES 31/3/2011 31/3/2010 Rs. Rs

1)Gross Income 2379.22 2930.71 2)Gross Operating Profit 5.64 5.84

3)Depreciation & Amortization (1.95) (3.71) 4)Profit/(Loss) Before Tax 3.69 2.13 5)Provision for Taxation (1.25) (1.53)

6)Profit/(Loss) After Tax 2.44 0.60

7)Less: Pr. Yr. Income tax W/off (47208) 0.00

7)Add: Balance Brought Down 23.56 22.24

8)Add: Prev. Yr. Adjstmnt 0.07 0.00

9)Add/(Less): Transfd. To/from 0.32 0.72 Defrd Tax Liability

TOTAL 25.92 23.56

2. DIVIDEND:

In the absence of adequate profits, your Directors did not recommend any dividend for the current year.

3. DIRECTORS:

During the year, Mr. Vishwas Paanse, Director is retiring by rotation and being eligible offers himself for re-appointment.

During the year Mr. S.P. Sharma has given his resignation due to his other pre-occupations. The board has accepted his resignation and thanked him for his valuable contribution to the company and wished him good luck for his future endeavors.

4. DEPOSITS:

During the year Your Company has not accepted any deposits from the public.

5. EMPLOYEES:

Particulars of employees as required by Section 217 (2A) of the Companies (Particulars of Employees) Rules, 1975 are not given as no employees are drawing salary in excess of the limit of the Section 217(2A).

6. AUDITORS:

Auditors M/S. DAGDULAL K. JAIN & CO., Chartered Accountants, Thane retires at the conclusion of this A.G.M. and being eligible offers himself for re-appointment. Members are requested to appoint auditors for the current year and to fix his remuneration.

7. AUDITORS REMARK

The Notes to the Accounts referred to in the Auditors Report are self explanatory and, therefore, do not call for any further comments.

8. CORPORATE GOVERNANCE:

Report on Corporate Governance along with a certificate from the Auditors of the Company regarding compliance of the requirements of Corporate Governance, as also a Management Discussion & Analysis Report pursuant to Clause 49 of the Listing Agreement with Stock Exchange are annexed hereto.

9. SUBSIDIARIES:

As the Company has no subsidiaries, Section 212 of the Companies Act, 1956 does not apply.

10.PARTICULARS OF CONSERVATION OF ENERGY & TECHNOLOGY ABSORPTION:

Being a Service Provider Company, no activities relating to conservation of energy & technology absorption are carried out as such and hence not applicable.

11. AUDIT COMMITTEE

As per the provisions of Section 292(4) of the Companies Act, 1956 the company has formed an audit committee comprising of Directors of the Company. The committee reviews the requirements of the aforesaid section and report to the Board of Directors.

12. DIRECTORS RESPONSIBILITY STATEMENT.

Your Directors would like to inform the members that the audited accounts containing the financial statements for the year 2011 are in full conformity with the requirement of the Act and they believe that the financial statements reflect fairly the form and substance of the transactions carried out during the year and reasonably present the company's financial condition and result of operations. These financial statements are audited by the Statutory Auditors M/s Dagdulal k. Jain & Co. Your Directors further confirm that:

1. In the preparation of the annual accounts, applicable Accounting Standards have been followed;

2. the Accounting Policies are consistently applied and reasonable, prudent judgment and estimates are made so as to give a true and fair view of the state of affairs of the company as at 31st March, 2011 and of the Profit of the Company for the year ended on that date.

3. that the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act, for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities ;

4. that the Directors had prepared the annual accounts on a going concern basis.

13. APPRECIATION:

Your Directors wish to take this opportunity to thank the Shareholders, Bankers, Customers etc. for their co-operation and support extended to company.

By order of the Board

FOR TRIJAL INDUSTRIES LIMITED

KAMLESH MEHTA.

Chairman.

Date: 22nd August, 2011

Place: MUMBAI.


Mar 31, 2010

The Directors have great pleasure in presenting 19thAnnual Report together with the Audited statement of Accounts for the year ended 31st March, 2010.

1. FINANCIAL HIGHLIGHTS: (Amount Rs. in lacs)

SOURCES 31/3/2010 31/3/2009 Rs. Rs.

Gross Income 2930.71 2447.32

Gross Operating Profit 5.84 6.38

Depreciation & Amortization (3.71) (4.36)

PROFIT/(Loss) BEFORE TAX 2.13 2.02

Provision for Taxation (1.53) (1.80)

PROFIT/(Loss) AFTER TAX 0.60 0.22

Balance Brought Down 22.40 21.18

Less: Prev. Yr. Adjustment 0 0 ADD/(Less): Transfd. To/from

Deferred Tax Liability 0.72 1.00

TOTAL 23.56 22.40

2. DIVIDEND :

In the absence of adequate profits, your Directors did not recommend any dividend for the current year.

3. DIRECTORS:

During the year, Mr. Kamlesh B. Mehta , Director is retiring by rotation and being eligible offers himself for re-appointment.

4. DEPOSITS:

During the year Your Company has not accepted any deposits from the public.

5. EMPLOYEES:

Particulars of employees as required by Section 217 (2A) of the Companies (Particulars of Employees) Rules, 1975 are not given as no employees are drawing salary in excess of the limit of the Section 217(2A).

6. AUDITORS:

Auditors M/S. DAGDULAL K. JAIN & CO., Chartered Accountants, Thane retires at the conclusion of this A.G.M. and being eligible offers himself for re- appointment. Members are requested to appoint auditors for the current year and to fix his remuneration.

7. AUDITORS REMARK

The Notes to the account referred to in the Auditors Report are self explanatory and, therefore, do not call for any further comments.

8. CORPORATE GOVERNANCE:

Report on Corporate Governance along with a certificate from the Auditors of the Company regarding compliance of the requirements of Corporate Governance, as also a Management Discussion & Analysis Report pursuant to Clause 49 of the Listing Agreement with Stock Exchange are annexed hereto.

9. SUBSIDIARIES:

As the Company has no subsidiaries, Section 212 of the Companies Act, 1956 does not apply.

10. PARTICULARS OF CONSERVATION OF ENERGY & TECHNOLOGY ABSORPTION:

Being a Service Provider Company, no activities relating to conservation of energy & technology absorption are carried out as such and hence not applicable.

11. AUDIT COMMITTEE

As per the provisions of Section 292(4) of the Companies Act, 1956 the company has formed an audit committee comprising of Directors of the Company. The committee reviews the requirements of the aforesaid section and report to the Board of Directors.

12. DIRECTORS RESPONSIBILITY STATEMENT.

Your Directors would like to inform the members that the audited accounts containing the financial statements for the year 2010 are in full conformity with the requirement of the Act and they believe that the financial statements reflect fairly the form and substance of the transactions carried out during the year and reasonably present the companys financial condition and result of operations. These financial statements are audited by the Statutory Auditors M/s Dagdulal k. Jain & Co. Your Directors further confirm that:

1. In the preparation of the annual accounts, applicable Accounting Standards have been followed;

2. the Accounting Policies are consistently applied and reasonable, prudent judgement and estimates are made 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 year ended on that date.

3. that the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act, for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities ;

4. that the Directors had prepared the annual accounts on a going concern basis.

13. APPRECIATION:

Your Directors wish to take this opportunity to thank the Shareholders, Bankers, Customers etc. for their co-operation and support extended to company.

By order of the Board

FOR TRIJAL INDUSTRIES LIMITED

KAMLESH MEHTA

Chairman

Date: 22nd August, 2010

Place: MUMBAI.



 
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