Directors Report of Pramada Finvest Ltd.

Mar 31, 2014

The Members of

M/s. PRAMADA FINVEST LIMITED

The Directors have pleasure in presenting the 22nd Annual Report together with the Audited Accounts of the Company for the year ended 31st March 2014.

FINANCIAL RESULTS

(Rs. Lakhs)

Particulars Year ended 31.03.2014 Year ended 31.03.2013

(Current year) (Previous year)

Gross Income from operations 4.73 5.09

Profit before Tax 0.569 0.996

Profit after Tax 0.393 0.797

FINANCIAL PERFORMANCE OF THE COMPANY

The turnover of the company during the period under review is Rs 4,73,045 over the previous year which was Rs 5,09,550. The profit for the current year is Rs 39,353. compared to previous year profits of Rs 79,757. The management has taken necessary steps to revive the business of the company.

DIVIDEND

The Directors regret their inability to recommend dividend for the year under review due to insufficient profit.

PUBLIC DEPOSITS

The Company has not accepted any deposits within the meaning of Section 58A of the Companies Act, 1956 and the rules made there under, during the financial year under review.

CORPORATE GOVERNANCE

Your Directors are happy to report that your Company is compliant with the Corporate Governance requirements as per Clause 49 of the Listing Agreement with the Stock Exchanges.

A separate section on Corporate Governance together with a certificate from the Statutory Auditor''s confirming compliance is set out in the Annexure forming part of this report.

ADDITIONAL INFORMATION AS REQUIRED U/S 217(l)(e) OF THE COMPANIES ACT, 1956

(a) Conservation of Energy: The Company is monitoring the consumption of energy and is identifying measures for conservation of energy,

(b) (i) Technology Absorption, adaptation and innovation:- No technology either indigenous or Foreign is involved.

(ii) Research and Development (R & D): No research and Development has been carried out.

(c) Foreign exchange earnings : NIL

Foreign exchange out go: NIL

PARTICULARS OF EMPLOYEES

The Directors are to report that none of the employee was in receipt of remuneration exceeding the limit prescribed under section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules 2011.

DIRECTORS:

Smt. Sayyaparaju Rohini Kumari, Director of the Company retire by rotation at the ensuing Annual General Meeting and being eligible offer himself for re-appointment

STATUTORY AUDITORS .

M/s. P. Murali & Co., Chartered Accountants, Statutory Auditors of the Company retire at the conclusion of the ensuing Annual General Meeting and being eligible, offer themselves for reappointment.

M/s. P. Murali & Co., Chartered Accountants have furnished a certificate of their eligibility u/s 139 of the Companies Act, 2013. The Board recommended to the members to reappoint the auditors and authorize the Board of Directors of the Company to fix their remuneration

DIRECTORS RESPONSIBILITY STATEMENT

As required under Section 217(2AA) of the Companies Act, 1956 your Directors confirm that:

In terms of Section 217 (2AA) of the Companies Act, 1956, your Directors hereby confirm that -

i) That in the preparation of the Annual Accounts, for the year ended 31st March, 2014, the applicable accounting standards have been followed and there are no material departures;

ii) We have selected appropriate accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as on 31st March, 2014 and of the profit/loss of the company for the financial year ended 31st March, 2014;

iii) We have 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

iv) We have prepared the annual accounts for the financial year ended 31st March, 2014 on a going concern basis.

STATEMENT PURSUANT TO LISTING AGREEMENT

The company''s Equity shares are listed at

1. The Bombay Stock Exchange Limited, Mumbai

2. The Madras Stock Exchange Limited, Chennai

LISTING OF SHARES OF THE COMPANY ON STOCK EXCHANGES

We are pleased to report that we have undertaken the process of getting the revocation of suspension of the company''s share at BSE.

CODE OF CONDUCT

Pursuant to the Listing Agreement entered into by the company with the Stock Exchanges, a declaration declaring that all the members of the Board and the Senior Management Personnel of the company have affirmed compliance with the Code of Conduct of the Company, is forming part of the Corporate Governance Report attached herewith.

CEO/CFO CERTIFICATION

The Board has recognized Managing Director of the Company as CEO for the limited purpose of Compliance under the Listing Agreement. The CEO has certified, in terms of revised clause 49 of the listing agreement, to the Board that the financial statements present a true and fair view of the company''s affairs and are in compliance with existing accounting standards, internal control and disclosures.

PERSONNEL

The relations between the management and the staff were very cordial throughout this year. Your Directors take this opportunity to record their appreciation for the Co- Operation and loyal services rendered by the employees

ACKNOWLEDGEMENTS

The Directors thank the company''s customers, vendors, investors, business associates, bankers and other agencies for their support to the company.

We wish to place on record our appreciation for the untiring efforts and contributions made by the employees at all levels to ensure that the company continues to grow and excel.

for and on behalf of the Board PRAMADA FINAVEST LIMITED

SD/- SD/-

PLACE: HYDERABAD S.RAMAKRISHNAM RAJU S.ROHINI KUMARI

DATE: 05-09-2014 MANAGING DIRECTOR DIRECTOR

---

Mar 31, 2013

To The Members of M/s. PRAMADA FINVEST LIMITED

The Directors have pleasure in presenting the 21st Annual Report together with the Audited Accounts of the Company for the year ended 31st March 2013.

FINANCIAL RESULTS

(Rs. Lakhs)

Particulars Year ended 31.03.2013 Year ended 31.03.2012 (Current year) (Previous year)

Gross Income from operations 5.09 9.61

Profit before Tax 0.996 2.82

Profit after Tax 0.797 2.90

FINANCIAL PERFORMANCE OF THE COMPANY

The turnover of the company during the period under review is Rs 5,09,550 over the previous year which was Rs 9,61,325. The profit for the current year is Rs. 79,757 compared to previous year profits of Rs 2,90,308. The management has taken necessary steps to revive the business of the company.

DIVIDEND

The Directors regret their inability to recommend dividend for the year under review due to insufficient profit.

PUBLIC DEPOSITS

The Company has not accepted any deposits within the meaning of Section 58A of the Companies Act, 1956 and the rules made there under, during the financial year under review.

CORPORATE GOVERNANCE

Your Directors are happy to report that your Company is compliant with the Corporate Governance requirements as per Clause 49 of the Listing Agreement with the Stock Exchanges. A separate section on Corporate Governance together with a certificate from the Statutory Auditor''s confirming compliance is set out in the Annexure forming part of this report.

ADDITIONAL INFORMATION AS REQUIRED U/S 217(1)(e) OF THE COMPANIES ACT, 1956

(a) Conservation of Energy: The Company is monitoring the consumption of energy and is identifying measures for conservation of energy.

(b) (i)Technology Absorption, adaptation and innovation:- No technology either indigenous or Foreign is involved.

(ii) Research and Development (R & D): No research and Development has been Carried out.

(c) Foreign exchange earnings: NIL Foreign exchange out go: NIL

PARTICULARS OF EMPLOYEES

The Directors are to report that none of the employee was in receipt of remuneration exceeding the limit prescribed under section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules 2011.

DIRECTORS:

Sri. U Sambasiva Varma, Director of the Company retire by rotation at the ensuing Annual General Meeting and being eligible offer himself for re-appointment

STATUTORY AUDITORS

M/s. P. Murali & Co., Chartered Accountants, Statutory Auditors of the Company retire at the conclusion of the ensuing Annual General Meeting and being eligible, offer themselves for reappointment.

M/s. P.Murali & Co., Chartered Accountants have furnished a certificate of their eligibility u/s 224(1B) of the Companies Act, 1956. The Board recommended to the members to reappoint the auditors and authorize the Board of Directors of the Company to fix their remuneration

DIRECTORS RESPONSIBILITY STATEMENT

As required under Section 217(2AA) of the Companies Act, 1956 your Directors confirm that:

In terms of Section 217 (2AA) of the Companies Act, 1956, your Directors hereby confirm that -

i) That in the preparation of the Annual Accounts, for the year ended 31st March, 2013, the applicable accounting standards have been followed and there are no material departures;

ii) We have selected appropriate accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as on 31st March, 2013 and of the profit/loss of the company for the financial year ended 31st March, 2013;

iii) We have 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

iv) We have prepared the annual accounts for the financial year ended 31st March, 2013 on a going concern basis.

STATEMENT PURSUANT TO LISTING AGREEMENT

The company''s Equity shares are listed at

1. The Bombay Stock Exchange Limited, Mumbai

2. The Madras Stock Exchange Limited, Chennai

The Company has paid the Annual Listing Fees to fees to Stock Exchange for the financial year 2013-14 and Company''s Securities are currently not trading at the BSE.

LISTING OF SHARES OF THE COMPANY ON STOCK EXCHANGES

We are pleased to report that we have undertaken the process of getting the revocation of suspension of the company''s share at BSE.

CODE OF CONDUCT

Pursuant to the Listing Agreement entered into by the company with the Stock Exchanges, a declaration declaring that all the members of the Board and the Senior Management Personnel of the company have affirmed compliance with the Code of Conduct of the Company, is forming part of the Corporate Governance Report attached herewith.

CEO/CFO CERTIFICATION

The Board has recognized Managing Director of the Company as CEO for the limited purpose of Compliance under the Listing Agreement. The CEO has certified, in terms of revised clause 49 of the listing agreement, to the Board that the financial statements present a true and fair view of the company''s affairs and are in compliance with existing accounting standards, internal control and disclosures.

ACKNOWLEDGEMENTS

The Directors thank the company''s customers, vendors, investors, business associates, bankers and other agencies for their support to the company.

We wish to place on record our appreciation for the untiring efforts and contributions made by the employees at all levels to ensure that the company continues to grow and excel.

for and on behalf of the Board

PRAMADA FINAVEST LIMITED

SD/- SD/-

PLACE: HYDERABAD S.RAMAKRISHNAM RAJU S.ROHINI KUMARI

DATE: 02-09-2013 MANAGING DIRECTOR DIRECTOR

---

Mar 31, 2011

To The Members of M/s. PRAMADA FINVEST LIMITED

The Directors have pleasure in presenting the 19th Annual Report together with the Audited Accounts of the Company for the year ended 31st March 2011.

FINANCIAL RESULTS (Rs. Lakhs)

Particulars Year ended 31.03.2011 Year ended 31.03.2010 (Current Year) (Previous Year)

Gross income from operations 7.41 6.38

Profit before Tax 2.39 1.93

Profit after Tax 2.46 2.00

FINANCIAL PERFORMANCE OF THE COMPANY

The Company has seen an upward trend in terms of turnover as well as profit. The turnover in the current year was at Rs 7.41 lakhs over the previous year which was at Rs 6.38 lakhs. The profit for the current year is also highly motivating at a growth of Rs. 2.46 lakhs compared to previous year profits of Rs 2.00 lakhs. The management has taken necessary steps to revive the business of the company.

CORPORATE GOVERNANCE

In order to bring more transparency in the conduct of business, the Stock Exchanges have amended the listing agreement incorporating the code of corporate governance to listed companies. Your Company has always been committed to the best practices in the governance of its affairs. Your company had taken steps and complied with most of the recommendations during the year. For the year under review, the Compliance Report is provided in the Corporate Governance section in this Report. The Auditors' Certificate on compliance with the mandatory requirements of Corporate Governance is given in "Annexure "A" to this Report"

ADDITIONAL INFORMATION AS REQUIRED U/S 217(1)(e) OF THE COMPANIES ACT, 1956

(a) Conservation of Energy: The Company is monitoring the consumption of energy and is identifying measures for conservation of energy.

(b) (i) Technology Absorption, adaptation and innovation:- No technology either indigenous or Foreign is involved.

(ii) Research and Development (R & D): No research and Development has been carried out.

(c) Foreign exchange earnings: NIL

Foreign exchange out go: NIL

PARTICULARS OF EMPLOYEES .

In pursuance of the provisions of section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Amendment Rules 2011, the Directors are to report that no employee was in receipt of remuneration of Rs.60,00,000/- or more per annum or Rs.5,00,000/- or more per month where employed for a part of the year.

DIRECTORS:

1. Sri. U. Sambasiva Varma and Sri. S. Nagendra Varma retire by rotation at the ensuing Annual General Meeting and being eligible offer themselves for re- appointment.

2. Sri. S Suryanarayana Raju, Sri. SVG Krishnam Raju, Sri.C.Lokesh and Sri M. Kamal Kishore, directors of the Company Resigned from the Board w.e.f 02/08/2011.

3. Sayyaparaju Rohini Kumari joined the Board as Director w.e.f 02/08/2011.

STATUTORY AUDITORS

M/s. P. Murali & Co., Chartered Accountants, Statutory Auditors of the Company retire at the conclusion of the ensuing Annual General Meeting and being eligible, offer themselves for reappointment

M/s. P.Murali & Co., Chartered Accountants have furnished a certificate of their eligibility u/s 224(1 B) of the Companies Act, 1956. The Board recommended to the members to reappoint the auditors and authorize the Board of Directors of the Company to fix their remuneration

DIRECTORS' RESPONSIBILITY STATEMENT

As required under Section 217(2AA) of the Companies Act, 1956 your Directors confirm that:

i) In the preparation of the Annual Accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

ii) the Directors had selected such accounting policies and applied them consistently and made judgments 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;

iii) the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

iv) The Directors had prepared the annual accounts on a going concern basis.

STATEMENT PURSUANT TO LISTING AGREEMENT

The company's Equity shares are listed at

1. The Bombay Stock Exchange Limited, Mumbai

2. The Madras Stock Exchange Limited, Chennai

The Company has paid the Annual Listing Fees to Stock Exchange up to 2011-12 and Company has made application to BSE for relocation of suspension of its shares at BSE.

PERSONNEL

The relations between the management and the staff were very cordial throughout this year. Your Directors take this opportunity to record their appreciation for the Co-operation and loyal services rendered by the employees

FIXED DEPOSITS

The company has not accepted any public deposits and, as such no amount on account of principal or interest on public deposits was outstanding on the date of the Balance Sheet.

ACKNOWLEDGEMENTS

The Directors thank the company's customers, vendors, investors, business associates, bankers and other agencies for their support to the company.

We wish to place on record our appreciation for the untiring efforts and contributions made by the employees at all levels to ensure that the company continues to grow and excel.

for and on behalf of the Board

PRAMADA FINAVEST LIMITED

SD/- SD/-

S.RAMAKRISHNAM RAJU Smt. S. Rohini Kumari

MANAGING DIRECTOR DIRECTOR

PLACE: HYDERABAD

DATE: 16-08-2011

---

Mar 31, 2010

The Directors have pleasure in presenting the 18th Annual Report together with the Audited Accounts of the Company for the year ended 31st March 2010.

FINANCIAL RESULTS

(Rs. Lakhs) Particulars Year ended 31.03.2010 Year ended 31.03.2009 (Current year) (Previous year)

Gross Income from operations 6.38 6.34

Profit before Tax 1.93 1.93

Profit after Tax 2.00 1.98

FINANCIAL PERFORMANCE OF THE COMPANY

The Company has seen an upward trend in terms of turnover as well as profit. The turnover in the current year was at Rs 6.38 lakhs over the previous year which was at Rs 6.34 lakhs. The profit for the current year is also highly motivating at a growth of Rs. 200 lakhs compared to previous year profits of Rs 1.98 lakhs. The management has taken necessary steps to revive the business of the company.

CORPORATE GOVERNANCE

In order to bring more transparency in the conduct of business, the Stock Exchanges have amended the listing agreement incorporating the code of corporate governance to listed companies. Your Company has always been committed to the best practices in the governance of its affairs. Your company had taken steps and complied with most of the recommendations during the year. For the year under review, the Compliance Report is provided in the Corporate Governance section in this Report. The Auditors Certificate on compliance with the mandatory requirements of Corporate Governance is given in "Annexure "A" to this Report."

ADDITIONAL INFORMATION AS REQUIRED U/S 217(1)(e) OF THE COMPANIES ACT, 1956

(a) Conservation of Energy: The Company is monitoring the consumption of energy and is identifying measures for conservation of energy.

(b) (i) Technology Absorption, adaptation and innovation:- No technology either indigenous or Foreign is involved.

(ii) Research and Development (R & D) : No research and Development has been carried out.

(c) Foreign exchange earnings : NIL Foreign exchange out go : NIL

PARTICULARS OF EMPLOYEES

In pursuance of the provisions of section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules 1975, the Directors are to report that no employee was in receipt of remuneration of Rs 24,00,000/- or more per annum or Rs.2,00,000/- or more per month where employed for a part of the year.

DIRECTORS:

Sri. M. Kamal Kishore and Sri. K. Radha Krishna retire by rotation at the ensuing Annual General Meeting and being eligible offer themselves for re-appointment

STATUTORY AUDITORS

M/s. P. Murali & Co., Chartered Accountants, Statutory Auditors of the Company retire at the conclusion of the ensuing Annual General Meeting and being eligible, offer themselves for reappointment.

M/s. P.Murali & Co., Chartered Accountants have furnished a certificate of their eligibility u/s 224(1B) of the Companies Act, 1956. The Board recommended to the members to reappoint the auditors and authorize the Board of Directors of the Company to fix their remuneration

DIRECTORS RESPONSIBILITY STATEMENT

As required under Section 217(2AA) of the Companies Act, 1956 your Directors confirm that:

i) In the preparation of the Annual Accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

ii) the Directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the sate of affairs of the Company at the end of the financial year and/ of the Profit or Loss of the company for that period;

iii) the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

iv) The Directors had prepared the annual accounts on a going concern basis.

STATEMENT PURSUANT TO LISTING AGREEMENT

The companys Equity shares are listed at

1. The Bombay Stock Exchange Limited, Mumbai

2. The Madras Stock Exchange Limited, Chennai

The Company has paid the Annual Listing Fees to fees to Stock Exchange up to 2010-11 and Companys Securities have been suspended from trading at the BSE.

PERSONNEL

The relations between the management and the staff were very cordial throughout this year. Your Directors take this opportunity to record their appreciation for the Co-Operatioh and loyal services rendered by the employees

FIXED DEPOSITS

The company has not accepted any public deposits and, as such no amount on account of principal or interest on public deposits was outstanding on the date of the Balance Sheet.

ACKNOWLEDGEMENTS

The Directors thank the companys customers, vendors, investors, business associates, bankers and other agencies for their support to the company.

We wish to place on record our appreciation for the untiring efforts and contributions made by the employees at all levels to ensure that the company continues to grow and excel.



for and on behalf of the Board PRAMADA FINAVEST LIMITED

SD/- SD/- S. RAMAKRISHNAM RAJU S.SURYANARAYANA RAJU MANAGING DIRECTOR DIRECTOR

PLACE: HYDERABAD DATE : 02-09-2010