Directors Report of G D Trading & Agencies Ltd.

Mar 31, 2014

Dear members,

The Directors have the pleasure in submitting before you the Thirty Fourth Annual Report with the Audited Balance Sheet and Profit & Loss account for the period ended on 31ST MARCH 2014.

1. BUSINESS:

The Company is in the business of trading of Shares & Securities.

2. FINANCIAL RESULTS

Particulars Year ended on Year ended on 31st March, 2014 31st March, 2013

Profit & Loss before Depreciation 2,5l2 1,603

Less: Depreciation - -

Profit before Tax (Current & Deferred) 2,512 1,603

Provision for Taxation

Income Tax paid for earlier year - 9430

Profit after Tax c/f to next year 2,512 (7,827)

3. DIVIDEND:

Your directors do not recommend any dividend for the year.

4. PARTICULARS OF EMPLOYEES:

There is no employees drawing remuneration exceeding the limits laid down in sub - section (2A) of section 217 of the Companies Act, 1956 read with Companies ( Particulars of Employees) Rules, 1975, such particulars are not given.

5. DIRECTORS'' RESPONSIBILITY STATEMENT:

Pursuant to the requirement under Section 217 (2AA) of the Companies Act,1956 with respect to Directors Responsibility Statement, it is hereby confirmed.

i. That in the preparation of the annual accounts for the financial year ended 31st March 2014, the applicable accounting standards had been followed along with proper explanation relating to material departures;

ii. That the directors had selected such accounting policies and applied them consistently and made judgments and estimates that were 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 the year under review;

iii. That 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. That the directors had prepared the accounts for the financial year ended 31ST MARCH 2014 on a ''going concern'' basis.

6. Remarks of the Auditors

As regards remark of the auditors the same is self explanatory and do not call further clarification.

7. Director: Shri Sanjay Somani the director of the Company retires by rotation but being eligible offers himself for reappointment.

7. AUDITORS:

The Auditors of the Company,M/S. J.K.Lahoti, Chartered Accountants, retire at the ensuing meeting and have confirmed their eligibility and willingness to accept the office, if re-appointed.

8. ADDITIONAL INFORMATION:

Additional information as required under the Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules 1988 is given in Annexure-A to this report.

9. ACKNOWLEDGMENT:

Your Directors take this opportunity tD thank you all.

For and on behalf of the Board of Directors



Shekhar Somani Sanjay Somani Director Director DIN: 01912848 DIN: 00629853 Mumbai :22nd May 2014

---

Mar 31, 2011

The Directors have pleasure in presenting the Thirty first Annual Report together with Audited Accounts for the year 2010-2011 - i.e. from 1st. April 2010 to 31st March, 2011

I. FINANCIAL RESULTS :

The summarized results of the year's working are as under :-

Current Year Previous Year 2010-11 2009-10

Net Profit / (Loss)before Taxation 551 4701

Less: Provision for taxation 0 200

Profit/(Loss) after taxation 551 4501

T.D.S. Adjustment 0 0

Add: Surplus(Deficit) C/F from previous year (27,16,390) (27,20,891)

Profit(Loss) available for appropriation (27,15,839) (27,16,390)

Less: Proposed Dividend 0 0

Corporate Tax on Proposed Dividend 0 0

Balance carried to Balance Sheet (27,15,839) (27,16,390)

The working results for the year under review, resulted a Profit of Rs. 551/- The directors do not recommend any payment of dividend.

II. DIRECTORS:

We regret to inform you that our founder and Chairman of the Company Shri Nandkumar Somani has left for heavenly abode. The Board pray to Almighty let his soul rest in peace and give the strength to his family members.

Shri Sanjay Somani has been appointed as an Additional Director and he hold office up to this date of Annual General Meeting for which a notice has been received from one of the members of the Company signifying his intention to propose him as a candidate for the office of Director

Shri Shekahr Somani, a Director of the Company retire by rotation and being eligible, offers himself for re-appointment.

I. DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to Section 217 (2AA) of the Companies Act, the Directors confirm: That

i) in the preparation of the annual accounts, the applicable Accounting Standard have been followed with proper explanation relating to material departures;

ii) appropriate accounting policies have been selected applied consistently, and have made judgment and estimates that are reasonable and prudent so as to give a true & fair view of the state of affairs of the Company for the year under review;

iii) proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the company & detecting fraud & other irregularities;

iv) the annual accounts have been prepared on a going concern basis. Auditors' Remark: _As regards the remark made by the auditor the same is self explanatory and do not call any further comments.

IV. AUDITORS:

M/s. J.K. Lahoti & Company, the auditors of the company, retire at the forthcoming Annual General Meeting. They are available for re-appointment for a fresh term. Your Directors recommend their reappointment as auditors of the Company.

V. PARTICULARS OF EMPLOYEES:

There is no employee employed by the Company for the whole year or part of the year who was in receipt of remuneration in excess of limits provided u/s. 217 (2A) of the Companies Act, 1956 read with the companies (particulars of Employees) Rules, 1975.

BY ORDER OF THE BOARD

Director Director

Place: Mumbai

Date: 02/09/2011

---

Mar 31, 2009

The Directors have pleasure in presenting the Twenty Nineth Annual Report together with Audited Accounts for the year 2008-2009 - i.e. from 1st April 2008 to 3 1st March, 2009

I FLNANCIAL RESULTS :

The summarized results of the years wording are as under :-

Current Year Previous Year 2008-09 2007-08 Net Profit / (Loss)before Taxation (124349) 8588 Less: Provision for taxation 0 0 Profit/(Loss) after taxation (124349> 8588 T.D.S. Adjustment 0 0 Add Surplus(Deficit) C/F from previous yrs (25.96,542) (26,05,130) Profit/(Loss) available for appropriation (27,20,891) (25,96,542) Less: Proposed Dividend 0 0 Corporate Tax on Proposed Dividend 0 0 Balance carried to Balance Sheet . (28.13,522) (25,96.542)

The working results for the year under review, resulted a Loss of Rs 216980/- which is due to fall in market price of the shares. In view of the loss the Directors do not recommend any payment of dividend

II DIRECTORS:

Shri Shekhai Somani, a Director of the Company retire by rotation and being eligible. offers himself for re-appointment.

I DIRECTORS RESPONSIBILITY STATEMENT;

Pursuant to Section 217 (2AA) of the Companies Act, the Directors confirm: That

i) in the preparation of the annual accounts, the applicable Accounting Standard have been followed with proper explanation relating to material departures,

ii) appropriate accounting policies have been selected applied consistently, and have made judgement and estimates that are reasonable and prudent so as to give a true & fair view of the state of affairs of the Company for the year under review;

iii) proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the company & detecting fraud & other irregularities;

iv) the annual accounts have been prepared on a going concern basis

Auditors Remark:

As regards the remark made by the auditor the same is self explanatory and do not call

any further comments.

IV. AUDITORS:

M/s JK Lahoti & Company, the auditors of the company, retire at the forthcoming Annual General Meeting They are available for re-appointment for a fresh term. Your Directors recommend their reappointment as auditors of the Company.

V PARTICULARS OF EMPLOYEES:

There is no employee employed by the Company for the whole year or par; of the year who was in receipt of remuneration in excess of limits provided u/s. (2A) of the Commets Act. 1956 read with the companies (particulars of Employees) Rules. 1975

BY ORDER OF THE ROARD Director Place Mumbai Date : June 2009