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Directors Report of Generic Engineering Construction and Projects Ltd.

Mar 31, 2016

To,

The M ember s

The Director are please to present you 22nd Annual Report of you Company together with the Audited Statement of Accounts for the year ended March, 2016.

1.FINANCIAL RESULTS:

Financial Results

For the Year ended 31st March, 2016 (Amt in INR Rs.)

For the Year ended 31st March, 2015 (Amt in INR Rs.)

Income/ (Loss

55,82,216/ -

7 ,59,390/-

Less: Expenditure

41,30,88/ -

5 ,07,674/ -

Profit/ (Loss) before

14,51,399/-

2,51,716/-

Less: T ax Expense

2, 84 ,59/ -

51 , 820/ -

Profit/ (Loss) after

19,16,880/-

1,99,896/-

2.REVIEW OF OPERATION:

The Company has made a profit of Rs. 9,6,880 /- during the Financial Year 20116 as against the profit of Rs. 1,99,896 /- made during the Financial Year 2015.

3.DIVIDEND:

Your Director do not recommend any dividend for the year ended on 3lst March 2016 with a view to conserve the resources for future.

4.FIXED DEPOSITS:

During the year under review, Company has not invited or accepted any Fixed Deposits from the public.

5.DIRECTORS:

During the year under review Mr. Ravindra T Mishra entire by rotation and being eligible offers himself for re appointment at the ensuing Annual General meeting.

Pursuant to the provisions of section 203 of the Act Key Managerial Personnel7 the Company are Mr. Ravindra T Mishra, Managing Director, or chief Financial Officer Mr. Deepak Mehta and Ms. Richa Dalwani, Company Secretary.

The Board of Director appointed Mr. Deepak Ratilal Mehta as Additional Director at their meeting held on 12th February, 2016. He holds office up to the date of ensuing Annual General Meeting and is eligible for appointment as a Executive Director

The Board of Director appointed Mr. Jaymin Piyushbhai Modi as Additional Director at their meeting held on 12th February, 2016. He holds office up to the date of ensuing Annual General Meeting and is eligible for appointment as Directors.

The Board of Director appointed Ms. Sheetal Bhavin Nagda as Additional Director at their meeting held on 1st June, 2016. She holds office up to the date of ensuing Annual General Meeting and is eligible for appointment as a Director.

All Independent Directors have given declarations that they meet the criteria of independence as laid down under section 149(6) of the Companies Act, 2013.

6.DIRECTOR RESPONSIBILITY STATEMENT:

In term of provisions of Section (5) of the Companies Act,2013 , your Director confirm that:

a) that in the preparation of the annual accounts for the financial year ended 31st March 2016 applicable accounting standards had been followed along with proper explanation relating to material departures .

b) that the Director has selected such accounting policies and applied them consistently and made judgments and estimates that were reasonable and prudent so as on give and fair view of the state of affairs of the Company at the end of the financial year and of the profit or loss Company for the year review.

c) that the Director is had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions has Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities, and,

d) The Director had prepared the accounts for the financial year ended March, 2016 on a going concern basis .

e) The Director had laid down internal financial controls to be followed by Company and that such internal financial controls are adequate and were operating effectively.

f) The Director had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

7. INTERNAL AUDITORS:

The Company has re- appointed Mr. Ashvin Thumar, Chartered Accountants, Mumbai, as internal auditor the company for financial year 2016-17 .

8. PARTICULARS OF EMPLOYEES:

Disclosure required under Section 197 of the Companies Act, 2013 read with rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 as amended updates not applicable since your Company has no such employees .

9.NUMBER OF MEETINGS:

The Board has met Five times during the Financial Year the details of which are as under:

30th May 2015; 14th August 2015; 26th August 2015; 09th November 2015 and 12th February 2016.

The intervening gap between any two meetings was within the period prescribed by the Companies Act, 2013.

1Q.BOARD EVALUATION:

Pursuant to the proxies of the Companies Act, 2013,the Board has carried out an evolution of its own performance, the Directors individually as well as the evaluation of the working of its Audit, Nomination & Remuneration Committee s.

11.SUBSIDIARIES:

Provision of Section 129 (3) of the Companies Act, 203 is not applicable as the company has no subsidiaries .

12.MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

Management Discussion and Analysis profit for the year under review presented in a separate section forming the part of the Annual Report.

13.AUDITORS AND AUDITORS REPORT:

The Board put forward the notification of M/s. Koshal & Associated chartered Accountants, statutory Auditors of the Company who was appointed in 21stAnnual General Meeting for shareholders ratification for the year 2016-17, who has also given their consent to act as a Statutory Auditor for the year 2016-17

Necessary Resolution for ratification of their appointment has been proposed in the Notice of General Meeting for the consideration of the Members of the Company.

The observations made by eh Auditors in their Report read with the relevant notes as given in the Notes on Accounts for the year ended March 3} 261 are self-explanatory and therefore do not call for any further comments, as it does not contain any qualification in the same.

14.AUDIT COMMITTEE, STAKEHOLDER’S RELATIONSHIP COMMITTEE AND NOMINATION & REMUNERATION COMMITTEE:

During the F.Y 201-6, Four (4) Audit Committee Meetings, Four Stakeholder Grievance Committee Meetings, and One 1) Nomination And Remuneration Committee meeting were held and the Composition as on 31.03.2016 is as below:

AUDIT COMMITT

Mr. Jaymin Mod

Chairman & Independent Direct

Mr. Paresh Path

Member & Independent Direct

M r .Ravindr a Mishi

M ember & Managing Direct

STAKEHOLDEGRIEVANCE COMMIT''

Mr. Jaymin Mod

Chairman & Independent Direct

Mr. Paresh Path

Member & Independent Direct

Mr. Ravindra Mish]

M ember & Managing Direct

NOMINATION AND REMUNERATION COM

Mr. Jaymin Modi

Chairman & Independent Director

Mr. Paresh Path

Member & Independent Direct

Mr. Ravindra Mishr

M ember & Managing Direct

15.CORPORATE SOCIAL RESPONSIBILITY (CSR):

The provisions of Section 135 of the Companies Act relating to Corporate Social Responsible are not applicable as the Company is having Net worth less than rupees Five Hundred Crore, Turnover the Rupees One Thousand Crore and Net Profit less than rupees Five Crore.

16.RELATED PARTY TRANSACTIONS:

All related party transactions there entered into during the financial year were on arms length basis and were in the ordinary course of the business. There are no materially significant related persons are made by the Company with Promoters, Key Managerial Personnel or being granted persons which may have potential conflict with interest of Company at large Information on transactions with related parties pursuant to Section 134(3)(h) of the Act read with rule 8(2) of the Companies (Accounts) Rules are given as Annexure A in Form AO-2 and the same forms part of this report.

17.STATEMENTS OF PARTICULARS UNDER RULE, 8(3) OF COMPANIES (ACCOUNTS) RULES ,2014:

Information in accordance with the provisions of Section 134 (3)(m) of the Act under Rules 18(3) of the Companies(Accounts) Rules,2014, regarding Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo is not applicable in case of Company.

18.SECRETARIAL AUDIT REPORT:

As required under section 201 (1) of the Companies Act 42013 and Rules made there under the Company has appointed Ms. Urmila Bohra Practicing Company Secretary as Secretarial Auditor of Company for the financial Year 2015-16 . The Secretarial Audit Report forms part of the Annual report Annexure C to the Boards Report.

The Company has not appointed Chief Financial Officer (KMP) during the year 2015-16 and is in process of appointing the same.

In the context of the above remark, the Company hereby submits that it has appointed Mr. Deepak Mehta as Chief Financial Officer w.e.f 13.08.2016.

19.EXPLANATION OR COMMENTS ON QUALIFICATIONS, RESERVATIONS OR ADVERSE REMARKS OR DISCLAIMERS MADE BY THE AUDITORS AND THE PRACTICING COMPANY SECRETARY IN THEIR REPORTS:

Management of the company is making efforts to put adequate systems and process in the company commensurate with the size and operation of the company to monitor and ensure compliance with public laws, rules, regulations and guidelines.

20.EXTRACT OF ANNUAL RETURN:

The details forming part of the extract of the Annual Return in FMGT9 is annexed here with a Annexure B to the Board Report.

21.CORPORATE GOVERNANCE:

As per Regulation 5(2) of SEBI (Listing Obligation and Disclosures requirement) Regulation, £20®*!t on Corporate Governance is not applicable as the Company is not falling within the prescribed ambit as mentioned there in. The paid up Share Capital of the Company 5010,4000- (Five Crore Ten Lakhs Four Thousand Only) and Net worth 45,292,644 /- (Four Crore Fifty Two Lakhs Ninety Two Thousand Six Hundred and Forty Four Only).

22.PARTICULARS OF THE LOANS, GUARANTEES OR INVESTMENT MADE UNDER SECTION 186 OF THE COMPANIES ACT, 2013:

Though the Section86(2) makes restriction Section 186(3), empowers a Company to give loan, guarantee or provide any security or acquisition beyond the limit but subject to prior approval of member special s resolution passed at a general meeting.

The Company in its 21st Annual General Meeting! obtained the approval of members vide its special resolution N o. 8 and specified its limit.

Disclosure of particulars of loan, guarantee given and security provided:

In pursuant to provisions of Section 186(4) of the Act, it is duty of the Company to disclose Financial Statement the full particulars of the loan, guarantee given and security provided and its which actions disclosed in notes to Balance Sheet, Note No .9

23.IMPLEMENTATION OF RISK MANAGEMENT POLICY:

The Company has formulated a policy and process for Management. The Company has set up a core group of leadership team, which identifies, assesses the risks and the trends, exposure and potential alignments at different level and lays down the procedure for minimization of risks. Risk Management and integral part of Management policy and is an ongoing process integrated with the operations.

Company has identified various strategic, operational and financial risks which may impact Company adversely. However management believes that the mitigations for identified risks are in place and may not threaten the existence of the Company.

24.STOCK EXCHANGES:

The Company’s shares are listed on the following Stock Exchanges:

(i)The Ahmadabad Stock Exchange Limited (ASE Ltd.)

(ii) Bombay Stock Exchange Limited (BSE Ltd.)

The shares of the Company 51,00,400 Equity Shares of Rs. 10/ - got listed on Bombay Stock Exchange Limited (BSE Ltd) through Direct Listing route and got the Trading Approval from BSE Ltd from effect 21st October, 2015.

25.WHISTLE BLOWER POLICY AND VIGIL MECHANISM:

Your Company recognizes the value of transparency and accountability in its administrative and management practices. The Company promotes the ethical behavior in all its business activities Company has adopted the Whistle blower Policy and Vigil Mechanism in view to provide a mechanism of Directors or and employees of the Company to approach Audit Committee of the Company to report existing/probable violations of laws, rules, regulation unethical conduct.

26.DEMATERILISATION OF SHARES:

The Company has connectivity with NSDL & CDSL for dematerialization of its equity shares. The ISIN N INE854S01014 has been allotted for the Company.79.77% of the Company’s Paid-up Share Capitals in dematerialized form as on 30th March, 2016 and balance 20.23 % is in physical form.

Further the Company does not have any Equity shares lying in the Suspense Account.

27.ACKNOWLEDGEMENT:

Your Director are pleased to place on the record their significant attitude to the Government Authorities and other Business Associates for their operation extended of the Company during the year under review.

Place: Mumbai For and on behalf of the Board of Directors

Date: 13.08.2016 For Welplace Portfolio & Financial Consultancy Services Limited

Sd/- Sd/-

Mr. Ravindra Mishra Mr. Deepak Mehta

Director Director

DIN:00051204 DIN: 00046696


Mar 31, 2015

Dear Members

THE Directors are please to present you the 21stAnnual Report of your Company together with the Audited Statement of Accounts for the year ended 31st March, 2015

1. FINANCIAL RESULTS:

Financial Results For the Year ended For the Yearended 31st 31st M arch, 2015 March, 2014 (Amt in INR Rs .) (Amt in INR Rs.)

Income/(Loss) 1759390/- 2295287/-

Less: Expenditure 1507674/- 2094761/-

Profit/ (Loss) before tax 251716/- 200526/-

Less: Tax Expenses 51820/- 43000/-

Profit/ (Loss) after tax 199896/- 157526/-

2. REVIEW OF OPERATION:

The Company has made a profit of Rs. 1,99,896/- during the Financial Year 2014-15 as against the profit of Rs. 1,57,526/- made during the Financial Year 2013-14.

3. DIVIDEND:

Your Directors do not recommend any dividend for the year ended on 31st March 2015 with a view to conserve the resources for future.

4. FIXED DEPOSITS:

During the year under review, the Company has not invited or accepted any Fixed Deposits from the public.

5. DIRECTORS:

During the year under review Mr. Ravindra T Mishra retire by rotation and being eligible offers himself for re-appointment at the ensuing Annual General meeting.

Mr. Ravindra T Mishrais being designated as Managing Director of the Company upon the approval of the m embers of the Company at the ensuing Annual General Meeting for a term of 5 years w.e.f 01/09/2015 to 31/08/2020.

The Boardof Directors appointed Ms. Zeal Mahesh Bilakhia as Additional Director at their meeting held on 31st March, 2015. She holds office up to the date of ensuing Annual General Meeting and is eligible for appointment as a Director.

All Independent Directors have given declarations that they meet the criteria of independence as laid down under section 149(6) of the Companies Act, 2013 and clause 49 of the Listing Agreement.

6.DIRECTORRESPONSIBILITY STATEMENT:

In term of provisions of Section 134 (5) of the Companies Act, 2013, your Directors confirm that:

a) that in the preparation of the annual accounts for the financial year ended 31st March, 2015 the applicable accounting standards had been followed along with proper explanation relating to material departures.

b) that the Directors has selected such ac counting 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 review.

c) 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, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities, and,

d) The Directors had prepared the accounts for the financial year ended 31st March, 2015 on a going concern basis.

e) The Directors had laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively.

f) The Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

7.INTERNAL AUDITORS:

The company has appointed Mr. Ashvin Thumar, Chartered Accountants, Mumbai, as internal auditor of the company for financial year 2015-16.

8. PARTICULARS OF EMPLOYEES:

Disclosure required under Section 197 of the Companies Act, 2013 read with rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel ) Rules , 2014 as amended up to date is not applicable since your Company has no such employees.

9. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

The Company has not given any loans, guarantees or in vestments covered under the provisions of section 186 of the Companies Act, 2013.

10. NUMBER OF MEETINGS :

The Board has met six times during the financial year, the details of which are given in the Corporate Governance Report that forms part of this Annual report. The intervening gap between any two meetings was within the period prescribed by the Companies Act, 2013.

11. BOARD EVALUATION:

Pursuant to the provisions of the Companies Act, 2013 and Clause 49 of the Listing Agreement, the Board has carried out an evaluation of its own performance, the Directors individually as well as the evaluation of the working of its Audit, Nomination & Remuneration Committees. The manner in which the evaluation has been carried out has been explained in the Corporate Governance Report.

12.SUBSIDIARIES:

Provision of Section 129 (3) of the Companies Act, 2013 is not applicable as the Company has no subsidiaries.

13. MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

Management Discussion and Analysis Report for the year under review, as stipulated in the Clause 49 of the Listing Agreement with the Stock Exchanges in India, is presented in a separate section forming the part of the Annual Report.

14. AUDITORS AND AUDITORS REPORT:

Koshal & Associates, Chartered Accountants were appointed as Statutory Auditors of your Company at the last Annual General Meeting to hold office till the conclusion of this Annual General Meeting. The Company has received a certificate from the Statutory Auditors to the effect that their re-appointment if made, would be in accordance with the provisions of Section 141 of the Companies Act, 1956. Pursuant to the provisions of Section 139 and Rules framed thereunder, M/s.Koshal & Associates. Chartered Accountants, has been appointed as statutory auditors of the Company from the conclusion of this Annual General Meeting till the conclusion of the Annual General Meeting to be held in the year 2019, subject to ratification of their appointment by the shareholders at every AGM. Your Directors recommend their re-appointment and to fix their remuneration.

The observations made by the Auditors in their Report read with the relevant notes as given in the Notes on Accounts for the year ended March 31, 2015 are self-explanatory and therefore do not call for any further comments, as it does not contain any qualification in the same .

15. AUDIT COMMITTEE, STAKEHOLDER'S RELATIONSHIP COMMITTEE AND NOMINATION & REMUNERATION COMMITTEE:

Audit and Stakeholder Relationship Committees consist of Mr. Mahesh J Raut - Chairman, Mr. Paresh Pathak and Mr. Ravindra T Mishra as members.

A detailed note on the Board and Its committees is given under the Corporate Governance Report section in this Annual Report.

16. RELATED PARTY TRANSACTION S:

All related party transactions that were entered into during the financial year were on arm's length basis and were in the ordinary course of the business. There are no materially significant related party transactions made by the Company with Promoters, Key Managerial Personnel or other designated persons which may have potential conflict with interest of the Company at large. Information on transactions with related parties pursuant to Section 134(3)(h) of the Act read with rule 8(2) of the Companies (Accounts) Rules, 2014 a re given as Annexure in Form AOC-2 and the same forms part of this report.

17. STATEMENTS OF PARTICULARS UNDER RULE 8 (3) OF THE COMPANIES (ACCOUNTS) RULES, 2014

Information in accordance with the provisions of Section 134 (3)(m ) of the Act read with Rule 8(3) of the Companies(Accounts) Rules,2014, regarding Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo is not applicable in case of your Company.

18. SECRETARIAL AUDIT REPORT:

As required under section 204 ( 1) of the Companies Act, 2013 and Rules made thereunder the Company has appointed Mandar Palav & Associates, Practicing Company Secretary as Secretarial Auditor of the Company for the financial Year 2014-15. The Secretarial Audit Report forms part of the Annual report as Annexure- C to the Board's Report.

19. EXPLANATION OR COMMENTS ON QUALIFICATIONS, RESERVATIONS OR ADVERSE REMARKS OR DISCLAIMERS MADE BY THE AUDITORS AND THE PRACTICING COMPANY SECRETARY IN THEIR REPORTS:

Management of the company is making all efforts to put adequate systems and process in the company commensurate with the size and operation of the company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines.

20. EXTRACT OF ANNUAL RETURN:

The details forming part of the extract of the Annual Return in form MGT-9 is annexed herewith as Annexure B to the Board Report.

21. CORPORATE GOVERNANCE:

A Report on Corporate Governance along with a certificate from Mr. Koshal Maheshwari, Chartered Accountant in Practice, regarding compliance of the requirements of Corporate Governance pursuant to Clause 49 of the Listing Agreement with the Stock Exchange is annexed hereto.

22. PARTICULARS OF THE LOANS, GUARANTEES OR INVESTMENT MADE UNDER SECTION 186 OF THE COMPANIES ACT, 2013:

The Company has not made any Loansorgiven any guarantees covered under the provisions of section 186 of the Companies Act,2013.

The details of the Investments made by Company are given in the Schedule to the Balance Sheet.

23. WHISTLE BLOWER POLICY AND VIGIL MECHANISM:

Your Company recognizes the value of transparency and accountability in its administrative and management practices. The Company promotes the ethical behavior in all its business activities. The Company has adopted the Whistle blower Policy and Vigil Mechanism in view to provide a mechanism for the Directors and employees of the Company to approach Audit Committee of the Company to report existing/probable violations of laws, rules, regulations or unethical conduct .

24. ACKNOWLEDGEMENT:

Your Directors are pleased to place on the record their sincere gratitude to the Government Authorities and other Busin ess Associates for their valued Co-operation extended of the Company during the year under review.

For and on behalf of the Board

Welplace Portfolio & Financial Consultancy Services Limited

Sd/- Mr. Ravindra T. Mishra Date: 26 08 2015 Chairman Place: Mumbai DIN : 00051204


Mar 31, 2014

Dear Members

The Directors are please to present you the 20th Annual Report of your Company together with the Audited Statement of Accounts for the year ended 31st March, 2014

1. FINANCIAL RESULTS:

Financial Results For the Year ended For the Year ended 31st March, 2014 31st March, 2013 (Amt in INR) (Amt in INR)

Income/ (Loss) Rs.2295287/- Rs.2834623/-

Less: Expenditure Rs.2,094,761/- Rs.2831230/-

Profit/ (Loss) before tax Rs.200,526/- Rs.3393/-

Less: Tax Expenses Rs.43000/- Rs.300/-

Proft/ (Loss) after tax Rs.157,526/- Rs.3093/-

2. REVIEW OF OPERATION:

The Company has made a profit of Rs. 157,526/- during the Financial Year 2013-14 as against the profit of Rs. 3,093/- made during the Financial Year 2012-13.

3. DIVIDEND:

Your Directors do not recommend any dividend for the year ended on 31st March 2014 with a view to conserve the resources for future.

4. CORPORATE GOVERNANCE:

A Report on Corporate Governance along with a certificate from Mr. Koshal Maheshwari, Chartered Accountant in practice, regarding compliance of the requirements of Corporate Governance pursuant to Clause 49 of the Listing Agreement with the Stock Exchange is annexed hereto.

5. FIXED DEPOSITS:

The Company has not accepted any fixed deposits from the public with the meaning of section 58-A of the Companies Act, 1956 and the rules made there under and as such, no amount on account of principal or interest was outstanding on the date of balance sheet.

6. DIRECTOR RESPONSIBILITY STATEMENT:

In term of provisions of Section 217(2AA) of the companies Act, 1956, your Directors confirm that:

a) 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.

b) that the Directors has 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 review.

c) 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, and,

d) The Directors had prepared the accounts for the financial year ended 31st March, 2014 on a going concern basis.

7. PARTICULARS OF EMPLOYEES

During the year under review, none of the employee was drawing remuneration, which require disclosure under section 217 (2A) of the Companies Act, 1956, read with Companies (Particulars of Employees) Rules, 1975.

8. Management Discussion And Analysis Report

Management Discussion and Analysis Report for the year under review, as stipulated in the Clause 49 of the Listing Agreement with the Stock Exchanges in India, is presented in a separate section forming the part of the Annual Report.

9. BOARD OF DIRECTORS:

During the year under the review, the Constitution of the Board is duly set-up. None of the Board members resigned from the Board and no new directors been inducted to the board.

However, Mr. Ravindra T. Mishra, Director of the Company retires by rotation at the forthcoming Annual General Meeting and being eligible to offer himself for re-appointment.

10. AUDITORS AND AUDITORS REPORT:

Koshal & Associates, Chartered Accountants were appointed as Statutory Auditors of your Company at the last Annual General Meeting to hold office till the conclusion of this Annual General Meeting. The Company has received a certificate from the Statutory Auditors to the effect that their re-appointment if made, would be in accordance with the provisions of Section 224(1B) of the Companies Act, 1956. Your directors recommend for their re-appointment and to fix their remuneration.

The observations made by the Auditors in their Report read with the relevant notes as given in the Notes on Accounts for the year ended March 31, 2014 are self-explanatory and therefore do not call for any further comments under Section 217(3) of the Companies Act, 1956 as it does not contain any qualification in the same.

11. PARTICULAR OF CONSERVATION OF ENERGY, TECHNOLOGY, ABSOPTION AND FOREIGN EXCHANGE EARNING AND OUTGO

In view of the nature of activities which are being carried on by the company, Rule 2A and 2B of the Companies (Disclosure of Particulars in the report of Board of Directors) Rules 1988, concerning conversation of energy and technology absorption respectively is not applicable to the Company.

The operation of the company is confined within the territory of India only and therefore, the details relating to export etc are nil.

12. ACKNOWLEDGEMENT

Your Directors are pleased to place on the record their sincere gratitude to the Government Authorities and other Business Associates for their valued Co-operation extended of the Company during the year under review.

For and on behalf of the Board

Place: Mumbai Sd/- Date: 02.09.2014 CHAIRMAN


Mar 31, 2013

Dear Members

The Directors are please to present you the 20th Annual Report of your Company together with the Audited Statement of Accounts for the year ended 31st March, 2012

1. FINANCIAL RESULTS:

Financial Results For the Year ended For the Year ended 31st March, 2013 31st March, 2012 (Amt in INR) (Amt in INR)

Income/ (Loss) 28,34,623 67,745

Less: Expenditure 28,31,230 62,970

Profit/ (Loss) before tax 3,393 4,775

Less: Tax Expenses 300 900

Proft/ (Loss) after tax 3,093 3,875

2. REVIEW OF OPERATION:

The Company has made a pro?t of Rs. 3,093/- during the Financial Year 2012-13 as against the pro?t of Rs. 3,875/- made during the Financial Year 2011-12.

3. DIVIDEND:

Your Directors do not recommend any dividend for the year ended on 31st March 2012 with a view to conserve the resources for future.

4. CORPORATE GOVERNANCE:

A Report on Corporate Governance along with a certificate from Mr. Koshal Maheshwari, Chartered Accountant in practice, regarding compliance of the requirements of Corporate Governance pursuant to Clause 49 of the Listing Agreement with the Stock Exchange is annexed hereto.

5. FIXED DEPOSITS:

The Company has not accepted any fixed deposits from the public with the meaning of section 58-A of the Companies Act, 1956 and the rules made there under and as such, no amount on account of principal or interest was outstanding on the date of balance sheet.

6. DIRECTOR RESPONSIBILITY STATEMENT:

In term of provisions of Section 217(2AA) of the companies Act, 1956, your Directors confirm that:

a) that in the preparation of the annual accounts for the financial year ended 31st March, 2012 the applicable accounting standards had been followed along with proper explanation relating to material departures.

b) that the Directors has 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 review.

c) 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, and,

d) The Directors had prepared the accounts for the financial year ended 31st March, 2013 on a going concern basis.

7. PARTICULARS OF EMPLOYEES

During the year under review, none of the employee was drawing remuneration, which require disclosure under section 217 (2A) of the Companies Act, 1956, read with Companies (Particulars of Employees) Rules, 1975.

8. Management Discussion And Analysis Report

Management Discussion and Analysis Report for the year under review, as stipulated in the Clause 49 of the Listing Agreement with the Stock Exchanges in India, is presented in a separate section forming the part of the Annual Report.

9. BOARD OF DIRECTORS:

There was no change in the constitution of the Directors during the year.

However, Mr. Paresh Pathak, Director of the Company retires by rotation at the forthcoming Annual General Meeting and being eligible to offer himself for re-appointment.

10. AUDITORS AND AUDITORS REPORT:

Koshal & Associates, Chartered Accountants were appointed as Statutory Auditors of your Company at the last Annual General Meeting to hold office till the conclusion of this Annual General Meeting. The Company has received a certificate from the Statutory Auditors to the effect that their re-appointment if made, would be in accordance with the provisions of Section 224(1B) of the Companies Act, 1956. Your directors recommend for their re-appointment and to fix their remuneration.

The observations made by the Auditors in their Report read with the relevant notes as given in the Notes on Accounts for the year ended March 31, 2012 are self-explanatory and therefore do not call for any further comments under Section 217(3) of the Companies Act, 1956 as it does not contain any qualification in the same.

11. PARTICULAR OF CONSERVATION OF ENERGY, TECHNOLOGY, ABSOPTION AND FOREIGN EXCHANGE EARNING AND OUTGO

In view of the nature of activities which are being carried on by the company, Rule 2A and 2B of the Companies (Disclosure of Particulars in the report of Board of Directors) Rules 1988, concerning conversation of energy and technology absorption respectively is not applicable to the Company.

The operation of the company is confined within the territory of India only and therefore, the details relating to export etc are nil.

12. ACKNOWLEDGEMENT

Your Directors are pleased to place on the record their sincere gratitude to the Government Authorities and other Business Associates for their valued Co-operation extended of the Company during the year under review.

For and on behalf of the Board

Place: Mumbai Sd/- Date: 24.08.2013 Director


Mar 31, 2012

Dear Members

The Directors are please to present you the 20th Annual Report of your Company together with the Audited Statement of Accounts for the year ended 31st March, 2012

1. FINANCIAL RESULTS:

Financial Results For the Year ended For the Year ended 31st March, 2012 31st March, 2011 (Amt in INR) (Amt in INR)

Income/ (Loss) 67745 7076199

Less: Expenditure 62970 7074807

Profit/ (Loss) before tax 4775 1392

Less: Tax Expenses (900) Nil

Proft/ (Loss) after tax 3875 1392

2. REVIEW OF OPERATION:

The Company has made a pro?t of Rs. 3,875/- during the Financial Year 2011-12 as against the pro?t of Rs. 1392/- made during the Financial Year 2010-11.

3. DIVIDEND:

Your Directors do not recommend any dividend for the year ended on 31st March 2012 with a view to conserve the resources for future.

4. CORPORATE GOVERNANCE:

A Report on Corporate Governance along with a certificate from Mr. Koshal Maheshwari, Chartered Accountant in practice, regarding compliance of the requirements of Corporate Governance pursuant to Clause 49 of the Listing Agreement with the Stock Exchange is annexed hereto.

5. FIXED DEPOSITS:

The Company has not accepted any fixed deposits from the public with the meaning of section 58-A of the Companies Act, 1956 and the rules made there under and as such, no amount on account of principal or interest was outstanding on the date of balance sheet.

6. DIRECTOR RESPONSIBILITY STATEMENT:

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

a) that in the preparation of the annual accounts for the financial year ended 31st March, 2012 the applicable accounting standards had been followed along with proper explanation relating to material departures.

b) that the Directors has 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 review.

c) 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, and,

d) The Directors had prepared the accounts for the financial year ended 31st March, 2013 on a going concern basis.

7. PARTICULARS OF EMPLOYEES

During the year under review, none of the employee was drawing remuneration, which require disclosure under section 217 (2A) of the Companies Act, 1956, read with Companies (Particulars of Employees) Rules, 1975.

8. Management Discussion And Analysis Report

Management Discussion and Analysis Report for the year under review, as stipulated in the Clause 49 of the Listing Agreement with the Stock Exchanges in India, is presented in a separate section forming the part of the Annual Report.

9. BOARD OF DIRECTORS:

There was no change in the constitution of the Directors during the year.

However, Mr. Paresh Pathak, Director of the Company retires by rotation at the forthcoming Annual General Meeting and being eligible to offer himself for re-appointment.

10. AUDITORS AND AUDITORS REPORT:

Koshal & Associates, Chartered Accountants were appointed as Statutory Auditors of your Company at the last Annual General Meeting to hold office till the conclusion of this Annual General Meeting. The Company has received a certificate from the Statutory Auditors to the effect that their re-appointment if made, would be in accordance with the provisions of Section 224(1B) of the Companies Act, 1956. Your directors recommend for their re-appointment and to fix their remuneration.

The observations made by the Auditors in their Report read with the relevant notes as given in the Notes on Accounts for the year ended March 31, 2012 are self-explanatory and therefore do not call for any further comments under Section 217(3) of the Companies Act, 1956 as it does not contain any qualification in the same.

11. PARTICULAR OF CONSERVATION OF ENERGY, TECHNOLOGY, ABSOPTION AND FOREIGN EXCHANGE EARNING AND OUTGO

In view of the nature of activities which are being carried on by the company, Rule 2A and 2B of the Companies (Disclosure of Particulars in the report of Board of Directors) Rules 1988, concerning conversation of energy and technology absorption respectively is not applicable to the Company.

The operation of the company is confined within the territory of India only and therefore, the details relating to export etc are nil.

12. ACKNOWLEDGEMENT

Your Directors are pleased to place on the record their sincere gratitude to the Government Authorities and other Business Associates for their valued Co-operation extended of the Company during the year under review.

For and on behalf of the Board

Place: Mumbai Sd/- Date: 02.08.2012 Ravindra Mishra Chairman


Mar 31, 2011

Dear Members

The Directors are please to present you the 20th Annual Report of your Company together with the Audited Statement of Accounts for the year ended 31st March, 2011

1. FINANCIAL RESULTS:

Financial Results For the Year ended For the Year ended 31st March, 2011 31st March, 2010 (Amt in INR) (Amt in INR)

Income/ (Loss) Rs.7076199/- Rs.8536648/

Less: Expenditure Rs.7074807/- Rs.8535939/

Profit/ (Loss) before tax Rs.1392/- Rs.709/

Less: Tax Expenses Nil Nil

Proft/ (Loss) after tax Rs.1392/- Rs.709/

2. REVIEW OF OPERATION:

The Company has made a profit of Rs. 1392/- during the Financial Year 2010-11 as against the profit of Rs. 709/- made during the Financial Year 2009-10.

3. DIVIDEND:

Your Directors do not recommend any dividend for the year ended on 31st March 2012 with a view to conserve the resources for future.

4. CORPORATE GOVERNANCE:

A Report on Corporate Governance along with a certificate from Mr. Koshal Maheshwari, Chartered Accountant in practice, regarding compliance of the requirements of Corporate Governance pursuant to Clause 49 of the Listing Agreement with the Stock Exchange is annexed hereto.

5. FIXED DEPOSITS:

The Company has not accepted any fixed deposits from the public with the meaning of section 58-A of the Companies Act, 1956 and the rules made there under and as such, no amount on account of principal or interest was outstanding on the date of balance sheet.

6. DIRECTOR RESPONSIBILITY STATEMENT:

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

a) that in the preparation of the annual accounts for the financial year ended 31st March, 2012 the applicable accounting standards had been followed along with proper explanation relating to material departures.

b) that the Directors has 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 review.

c) 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, and,

d) The Directors had prepared the accounts for the financial year ended 31st March, 2013 on a going concern basis.

7. PARTICULARS OF EMPLOYEES

During the year under review, none of the employee was drawing remuneration, which require disclosure under section 217 (2A) of the Companies Act, 1956, read with Companies (Particulars of Employees) Rules, 1975.

8. Management Discussion And Analysis Report

Management Discussion and Analysis Report for the year under review, as stipulated in the Clause 49 of the Listing Agreement with the Stock Exchanges in India, is presented in a separate section forming the part of the Annual Report.

9. BOARD OF DIRECTORS:

There was no change in the constitution of the Directors during the year.

However, Mr. Ravindra Tribhuvan Mishra, Director of the Company retires by rotation at the forthcoming Annual General Meeting and being eligible to offer himself for re-appointment.

10. AUDITORS AND AUDITORS REPORT:

Koshal & Associates, Statutory Auditors of the Company, retire at the forth coming Annual General Meeting and being eligible, offer themselves for re-appointment.

The Board recommends their reappointment.

11. PARTICULAR OF CONSERVATION OF ENERGY, TECHNOLOGY, ABSOPTION AND FOREIGN EXCHANGE EARNING AND OUTGO

In view of the nature of activities which are being carried on by the company, Rule 2A and 2B of the Companies (Disclosure of Particulars in the report of Board of Directors) Rules 1988, concerning conversation of energy and technology absorption respectively is not applicable to the Company.

The operation of the company is confined within the territory of India only and therefore, the details relating to export etc are nil.

12. ACKNOWLEDGEMENT

Your Directors are pleased to place on the record their sincere gratitude to the Government Authorities and other Business Associates for their valued Co-operation extended of the Company during the year under review.

For and on behalf of the Board

Place: Mumbai Sd/- Date: 22.08.2011 Director

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