Directors Report of CLIO Infotech Ltd.

Mar 31, 2014

Dear Shareholders,

The directors have pleasure in presenting the 22nd Annual Report of the Company alongwith Audited Financial Results for the year ended 31st March 2014 -

1. FINANCIAL HIGHLIGHTS -

The working results of the company for the year stand as under

(Amount in Rs) For the year ended For the year ended 31st March 2014 31st March 2013

Gross Income 5053767/- 4948144/-

Net Profit Net Loss Before Income Tax 773698/- (7494939)

Provision for Income Tax (363276/-) (119870/-)

Profit Loss after Tax 1136974/- (7375069/-)

Appropriation out of profit NIL NIL

Proposed Dividend NIL NIL

Transfer to General Reserve NIL NIL

Transfer to Special Reserve NIL NIL

Balance Carried to Balance Sheet 1136974 (7375069/-)

2. CORPORATE GOVERNANCE

Report on Corporate Governance alongwith Auditors Compliance Certificate is included as a part of this report.

3. DIVIDEND

In order to conserve resources during the year, Directors do not recommend any dividend for the year.

4. MANAGEMENT DISCUSSION & ANALYSISI REPORT

Separate Management''s Discussion & Analysis Report, which is enclosed, forms part of this report.

5. DIRETORS

In accordance with the provision of the Companies Act, 1956 and the Articles of Association of the Company, Mr. Suresh Bafna & Shri Ashok Bafna retire by rotation at this Annual General Meeting and being eligible offer themselves for reappointment.

6. AUDITORS

M/s S. D. MOTTA & ASSOCIATES, Statutory Auditors of the Company, retire at the conclusion of the ensuing Annual General Meeting of the Company. In place of them M/s. KRIPLANI MILANI & CO., Chartered Accoun- tants, Mumbai (Firm Registration No. 130461W) be and are hereby appointed as Statutory Auditors of the Com- pany for a term of five consecutive years. The Board of Directors and the Audit Committee recommend their appointment for the ensuing year.

7. DIRECTORS RESPONSIBILITY STATEMENT

Directors State: -

(1) That in preparation of annual accounts the applicable accounting standards has been followed along with proper explanation relating to material departures.

(2) That they have selected such accounting policies & applied them consistently & made judgements & esti- mates that are reasonable & prudent so as to give a true & fair view of the state of affairs of company at the end of financial year & of profit & Loss Account of the company for that period.

(3) That they have taken proper 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 & detecting fraud & irregularities.

(4) That they have prepared the annual accounting on going concern basis.

8. PUBLIC DEPOSIT

During the year 2013-14 the company has not accepted or invited any deposits from the public.

9. PARTICULARS OF EMPLOYEES

The particulars that are required under section 217 (2A) of the Companies Act, 1956 are not applicable to the Company.

10. ENERGY, TECHNOLOGY AND FOREIGN EXCHANGE

The particulars which are required under section 217 (e) of the companies Act 1956, are not applicable to the Company. Company''s earnings in Foreign Exchange are to the tune of Rs. Nil and outgoing are Rs. Nil.

11. ACKNOWLEDGEMENTS

Your Directors wish to place on record their sincere appreciation for the encouragement and co-operation re- ceived by the company from the bankers, government authorities, Securities & Exchange Board of India. Direc- tors also wish to place on record their deep appreciation for the work done by the employees. Your Directors are particularly grateful to you for your continued support, understanding encouragement.

FOR & ON BEHALF OF THE BOARD FOR CLIO INFOTECH LIMITED PLACE : MUMBAI SHRI ASHOK D. BAFNA DATE : 01/09/2014 (CHAIRMAN)

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Mar 31, 2013

To, Dear Shareholders,

The directors have pleasure in presenting the 21st Annual Report of the Company along with Audited Financial Results for the year ended 31st March 2013 -

1. FINANCIAL HIGHLIGHTS -

The working results of the company for the year stand as under

(Amount in Rs) For the year ended for the year ended 31st March 2013 31st March 2012

Gross Income 4948144/- 5788735/-

Net Profit Net Loss Before Income Tax (7494939/-) (2091318/-)

Provision for Income Tax (119870/-) (118145/-)

Profit Loss after Tax (7375069/-) (1973173/-)

Appropriation out of profit NIL NIL

Proposed Dividend NIL NIL

Transfer to General Reserve NIL NIL

Transfer to Special Reserve NIL NIL

Balance Carried to Balance Sheet (7375069/-) (1973173/-)

2. CORPORATE GOVERNANCE

Report on Corporate Governance along with Auditors Compliance Certificate is included as a part of this report.

3. DIVIDEND

In view of loss incurred, directors do not recommend any dividend during the year under review.

4. MANAGEMENT DISCUSSION & ANALYSISI REPORT

Separate Management''s Discussion & Analysis Report, which is enclosed, forms part of this report.

5. DIRETORS

In accordance with the provision of the Companies Act, 1956 and the Articles of Association of the Company, Smt. Manju Bafna & Shri Himahsu Shah retire by rotation at this Annual General Meeting and being eligible offer themselves for reappointment.

6. AUDITORS

M/s. S.D.MOTTA & ASSOCIATES , Chartered Accountants, who were appointed as Statutory Auditors of the Company to hold office till the conclusion of this Annual General Meeting and being eligible are recommended for Reappointment.

7. DIRECTORS RESPONSIBILITY STATEMENT .

Directors State: -

(1) That in preparation of annual accounts the applicable accounting standards has been followed along with proper explanation relating to material departures.

(2) That they have selected such accounting policies & applied them consistently & made judgments & estimates that are reasonable & prudent so as to give a true & fair view of the state of affairs of company at the end of financial year & of profit & Loss Account of the company for that period.

(3) That they have taken proper 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 & detecting fraud & irregu- larities.

(4) That they have prepared the annual accounting on going concern basis.

8. PUBLIC DEPOSIT

During the year 2012-13 the company has not accepted or invited any deposits from the public.

9. PARTICULARS OF EMPLOYEES

The particulars that are required under section 217 (2A) of the Companies Act, 1956 are not applicable to the Company.

10. ENERGY, TECHNOLOGY AND FOREIGN EXCHANGE

The particulars which are required under section 217 (e) of the companies Act 1956, are not applicable to the Company. Company''s earnings in Foreign Exchange are to the tune of Rs. Nil and outgoing are Rs. Nil.

11. ACKNOWLEDGEMENTS

Your Directors wish to place on record their sincere appreciation for the encouragement and co-operation received by the company from the bankers, government authorities, Securities & Exchange Board of India. Direc- tors also wish to place on record their deep appreciation for the work done by the employees. Your Directors are particularly grateful to you for your continued support, understanding encouragement.

FOR & ON BEHALF OF THE BOARD

FOR CLIO INFOTECH LIMITED

Sd/-

PLACE : MUMBAI SHRIASHOK D. BAFNA

DATE: 26/08/2013 (CHAIRMAN)

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Mar 31, 2012

To, Dear Shareholders,

The directors have pleasure in presenting the 20th Annual Report of the Company alongwith Audited Financial Results for the year ended 31st March 2012

1. FINANCIAL HIGHLIGHTS

The working results of the company for the year stand as under



(Amount in Rs) For the year ended For the year ended 31st March 2012 31st March 2011

Gross Income 5788735/- 5,245,714

Net Profit Net Loss Before Income Tax (2091318/-) (1,782,263/-)

Provision for Income Tax (118145/-) (114,960/-)

Profit Loss after Tax (1973173/-) (1,667,303)

Appropriation out of profit NIL NIL

Proposed Dividend NIL NIL

Transfer to General Reserve NIL NIL

Transfer to Special Reserve NIL NIL

Balance Carried to Balance Sheet (1973173/-) (1,667,303)



2. CORPORATE GOVERNANCE

Report on Corporate Governance alongwith Auditors Compliance Certificate is included as a part of this report.

3. DIVIDEND

In view of loss incurred & in order to conserve future resources, directors do not recommend any dividend during the year under review.

4. MANAGEMENT DISCUSSION & ANALYSISI REPORT

Separate Management's Discussion & Analysis Report, which is enclosed, forms part of this report.

5. DIRETORS

In accordance with the provision of the Companies Act, 1956 and the Articles of Association of the Company, Shri Suresh Bafna & Shri Ashok Bafna retire by rotation at this Annual General Meeting and being eligible offer themselves for reappointment.

6. AUDITORS

M/s. S.D.MOTTA & ASSOCIATES , Chartered Accountants, who were appointed as Statutory Auditors of the Company to hold office till the conclusion of this Annual General Meeting and being eligible are recommended for Reappointment.

7. DIRECTORS RESPONSIBILITY STATEMENT

Directors State: -

(1) That in preparation of annual accounts the applicable accounting standards has been followed along with proper explanation relating to material departures.

(2) That they have selected such accounting policies & applied them consistently & made judgements & esti- mates that are reasonable & prudent so as to give a true & fair view of the state of affairs of company at the end of financial year & of profit & Loss Account of the company for that period.

(3) That they have taken proper care for the maintenance of adequate accounting records in accordance with the provisions of this act for safeguarding die assets of the company and for preventing & detecting fraud & irregularities.

(4) That they have prepared the annual accounting on going concern basis.

8. PUBLIC DEPOSIT

During the year 2011-12 the company has not accepted or invited any deposits from the public.

9. PARTICULARS OF EMPLOYEES

The particulars that are required under section 217 (2A) of me Companies Act, 1956 are not applicable to die Company.

11. ENERGY, TECHNOLOGY AND FOREIGN EXCHANGE

The particulars which are required under section 217 (e) of the companies Act 1956, are not applicable to the Company. Company's earnings in Foreign Exchange are to me tune of Rs. Nil and outgoing are Rs. Nil.

11. ACKNOWLEDGEMENTS

Your Directors wish to place on record weir sincere appreciation for the encouragement and co-operation received by die company from me bankers, government authorities, Securities & Exchange Board of India. Directors also wish to place on record tJieir deep appreciation for the work done by the employees. Your Directors are particularly grateful to you for your continued support, understanding encouragement.



FOR & ON BEHALF OF THE BOARD

FOR CLIO INFOTECH LIMITED

Sd/-

SHRIASHOK D. BAFNA

(CHAIRMAN)

PLACE: MUMBAI

DATE: 04/09/12

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Mar 31, 2010

The directors have pleasure in presenting the 18th Annual Report of the Company alongwith Audited Financial Results for the year ended 31st March 2010.

1. FTNANCIAL HIGHLIGHTS

The working results of the company for the year stand as under

(Amount in Rs) For the year ended For the year ended 31st March 2010 31st March 2009

Gross Income 5,777,822 1,943,861

Net Profit VNet Loss Before Income Tax 10,87,345 5,79,566

Provision for Income Tax 3,92,540 9,15,013

Profit Loss after Tax 6,94,805 (3,35,447)

Appropriation out of profit NIL NIL

Proposed Dividend NIL NIL

Transfer to General Reserve NIL NIL

Transfer to Special Reserve NIL NIL

Balance Carried to Balance Sheet 6,94,805 (335,447)

2. CORPORATE GOVERNANCE

Report on Corporate Governance alongwith Auditors Compliance Certificate is included as a part of this report.

3. DIVIDEND

In order to conserve future resources, directors do not recommend any dividend during the year under review.

4. MANAGEMENT DISCUSSION & ANALYSIS REPORT

Separate Managements Discussion & Analysis Report, which is enclosed, forms part of this report.

5. DIRETORS

In accordance with the provision of the Companies Act, 1956 and the Articles of Association of the Company, Smt. Manju Bafna & Shri Himanshu Shah retire by rotation at this Annual General Meeting and being eligible offer themselves for reappointment.

6. AUDITORS

M/s. S.D.MOTTA & ASSOCIATES , Chartered Accountants, who were appointed as Statutory Auditors of the Company to hold office till the conclusion of this Annual General Meeting and being eligible are recommended for Reappointment.

7. DIRECTORS RESPONSIBILITY STATEMENT

Directors State: -

(1) That in preparation of annual accounts the applicable accounting standards has been followed along with proper explanation relating to material departures.

(2) That they have selected such accounting policies & applied them consistently & made judgements & estimates that are reasonable & prudent so as to give a true & fair view of the state of affairs of company at the end of financial year & of profit & Loss Account of the company for that period.

(3) That they have taken proper 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 & detecting fraud & irregularities.

(4) That they have prepared the annual accounting on going concern basis.

8. PUBLIC DEPOSIT

During the year 2009-10 the company has not accepted or invited any deposits from the public.

9. PARTICULARS OF EMPLOYEES

The particulars that are required under section 217 (2A) of the Companies Act, 1956 are not applicable to the Company.

10. ENERGY,TECHNOLOGY AND FOREIGN EXCHANGE

The particulars which are required under section 217 (e) of the companies Act 1956, are not applicable to the Company. Companys earnings in Foreign Exchange are to the tune of Rs. Nil and outgoing are Rs. Nil.

11. ACKNOWLEDGEMENTS

Your Directors wish to place on record their sincere appreciation for the encouragement and co-operation received by the company from the bankers, government authorities, Securities & Exchange Board of India. Directors also wish to place on record their deep appreciation for the work done by the employees. Your Directors are particularly grateful to you for your continued support, understanding encouragement.



FOR & ON BEHALF OF THE BOARD

FOR CUOINFOTECH LIMITED

Sd/-

PLACE: MUMBAI ASHOK D. BAFNA

DATE: 27th Aug.2010 (CHAIRMAN)