Directors Report of Polymac Thermoformers Ltd.

Mar 31, 2014

Dear Members,

The Directors hereby submit their Annual Report for the year ended 31st March, 2014 together with the audited Balance Sheet as at 31st March, 2014 and the Profit & Loss Account for the year ended on that date. The summarized financial results are as under:

FINANCIAL HIGHLIGHTS

The Company has made a Profit of Rs. 99.440.52 in the current Financial Year.

DIVIDEND

Your Directors do not recommend any dividend for the financial year ended on 31st March, 2014.

DIRECTOR''S RESPONSIBILITY STATEMENT

Your Directors state:

a) That in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departure;

b) That they had selected such accounting policies and applied them consistently and made judgment 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 or loss of the company for that period;

c) That they had taken proper and sufficient care for 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;

d) That they had prepared the annual accounts on a going concern basis.

AUDITORS

A. K. PATHAK & CO, Chartered Accountants the auditor of the Company, retires at the conclusion of the ensuing Annual General Meeting and offers them for appointment. A certificate U/S 224(1B) of the Companies Act. 1956 has been obtained from them. The members are requested to consider their appointment and fix the remuneration if so appointed.

EMPLOYEES

Statement as required under section 217(2A) of the Companies Act 1956 read with Companies (Particulars of Employees) (Amendment) Rules 1988 is not applicable to the Company.

ENERGY CONSERVATION, RESEARCH DEVELOPMENT & FOREIGN EXCHANGE EARNING/OUTGO:

The Company did neither own any manufacturing facility nor had any export business. Therefore, the disclosure of particulars pursuant to section 217 (1)(e) of the Companies Act, 1956 is not required.

COMPLIANCE CERTIFICATE

Your company has received a certificate U/S 383 (1A) of the Company Act 1956 from a Company Secretary in whole time practice. A copy of the Certificate is annexed herewith for your Kind perusal.

STATUTORY INFORMATION

The Company being basically in the Manufacturing in plastic items, requirement regarding disclosure of particulars of conservation of energy and technology absorption prescribed under Section 217(1)(e) of the Companies Act. 1956 read with Companies (Disclosure of particulars in the report of the Board of Directors) Rules. 1988 is not applicable.

By Order of the Board For, POLYMAC THERMOFORMERS LIMITED

Place: Kolkata PUSPJEET KUMAR PUJA SHARMA Dated: 30th Day of May, 2014. Director Director