Directors Report of Shyamal Holding &Trading Ltd.

Mar 31, 2014

Dear Members,

The Directors have pleasure in presenting the 32nd Annual Report together with the Audited Statement of Accounts of the Company for the year ended on 31st March, 2014.

OPERATIONS & FINANCIAL RESULTS

(Amount in Rs.)

Year ended Year ended 31-03-2014 31-03-2013

Gross Total Income 4,25,930 3,68,214

PROFIT/(LOSS) BEFORE TAX (20,298) 60,168

Provision for Tax - 18,592

NET PROFIT/(LOSS) AFTER TAX (20,298) 41,576

DIVIDEND

In view of current financial position, the director do not recommend any Dividend.

DIRECTORS

In accordance with the provisions of the Companies Act, 1956, and Articles of Association of the Company, Mr. Mehul Parmar and Mr. Neeraj Sharma, Directors of the Company retire by rotation, at the ensuing Annual General Meeting and being eligible, offers themselves for re-appointment. The Board recommends their re-appointment.

DIRECTORS'' RESPONSIBILITY STATEMENT

Pursuance to Section 217 (2AA) of the Companies Act, 1956, the directors hereby confirm:

i) That in the preparation of the Annual Accounts for the 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 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 loss of the company for the year under review;

iii) That the Directors 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) That the Directors have prepared the Annual Accounts for the year ended 31st March, 2014 on a going concern basis.

CORPORATE GOVERNANCE

The Capital of the Company being Rs. 24.00 Lacs, Report on Corporate Governance in terms of Clause 49 is not applicable to the Company.

FIXED DEPOSITS

The company has not accepted any deposits from the Public during the year under review.

AUDITORS

M/s. H. S. Hathi & Co., Chartered Accountants, Auditors of the Company retire at the forthcoming Annual General Meeting and being eligible have given their consent for reappointment. The Board recommends their re-appointment. The observations made by the Auditors are self-explanatory and have been dealt with in the notes forming part of the Accounts and hence need no further clarification.

PARTICULARS OF EMPLOYEES

No employees of the company is covered under the provisions of Section 217 (2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees) Rules, 1988 as amended.

PARTICULARS OF ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

In accordance with the provisions of Section 217 (1) (e) of the Companies Act, 1956 the required information relating to conservation of energy, technology absorption is not required to be given as Company do not have any manufacturing activities. There is no foreign exchange earnings or outgo during the year.

ACKNOWLEDGEMENT

Your Directors take this opportunity to express their appreciation for the assistance and continued co-operation extended by all concerned.

For and on behalf of the Board of Directors

PRATIBHA SHARMA PLACE : MUMBAI DIN : 03019517

NEERAJ SHARMA DATE : 30TH MAY, 2014 DIN : 0294117

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Mar 31, 2013

To the Members SHYAMAL HOLDINGS & TRADING LIMITED

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

OPERATIONS & FINANCIAL RESULTS

(Amount in Rs.)

Year ended Year ended 31-03-2013 31-03-2012

Gross Total Income 368,214 357,108

PROFIT/(LOSS) BEFORE TAX 60,168 64,905

Provision for Tax 18,592 20,055

NET PROFIT/(LOSS) AFTER TAX 41,576 44,850

Earlier Tax 0 0

Balance carried to Balance Sheet 41,576 44,850

DIVIDEND

In view of current financial position, the director do not recommend any Dividend.

DIRECTORS

In accordance with the provisions of the Companies Act, 1956, and Articles of Association of the Company, Mr. Herin Sonawala and Mrs. pratibha Sharma, Directors of the Company retire by rotation, at the ensuing Annual General Meeting and being eligible, offers themselves for re-appointment. The Board recommends their re-appointment.

DIRECTORS'' RESPONSIBILITY STATEMENT

Pursuance to Section 217 (2AA) of the Companies Act, 1956, the directors hereby confirm :

i) That in the preparation of the Annual Accounts for the year ended 31st March, 2013, 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 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 of the company for the year under review;

iii) That the Directors 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) That the Directors have prepared the Annual Accounts for the year ended 31st March, 2013 on a going concern basis.

CORPORATE GOVERNANCE

The Capital of the Company being Rs. 24.00 Lacs, Report on Corporate Governance in terms of Clause 49 is not applicable to the Company.

FIXED DEPOSITS

The company has not accepted any deposits from the Public during the year under review.

AUDITORS

M/s. H. S. Hathi & Co., Chartered Accountants, Auditors of the Company retire at the forthcoming Annual General Meeting and being eligible have given their consent for reappointment. The Board recommends their re-appointment. The observations made by the Auditors are self-explanatory and have been dealt with in the notes forming part of the Accounts and hence need no further clarification.

PARTICULARS OF EMPLOYEES

No employees of the company is covered under the provisions of Section 217 (2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees) Rules, 1988 as amended.

ACKNOWLEDGEMENT

Your Directors take this opportunity to express their appreciation for the assistance and continued co-operation extended by all concerned.

For and on behalf of the Board of Directors

Place : Mumbai PRATIBHA SHARMA

NEERAJ SHARMA

Date : 30th May, 2013 DIRECTORS

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Mar 31, 2010

The Directors have pleasure in presenting the 28th Annual Report together with the Audited Statement of Accounts of the Company for the year ended on 31st March, 2010.

OPERATIONS & FINANCIAL RESULTS

(Amount in Rs.)

Year ended Year ended 31-03-2010 31-03-2009

Gross Total Income 316,380 284,250

PROFIT/(LOSS) BEFORE TAX 47,991 20,175

Provision for Tax 16,500 8,000

NET PROFIT (LOSS) AFTER TAX 31,491 12,175

Add :- Excess/(Short) provision of tax (943) -

Balance carried to Balance Sheet 30,548 12,175

DIVIDEND

In view of current financial position, the director do not recommend any Dividend.

DIRECTORS

In accordance with the provisions of the Companies Act, 1956, and Articles of Association of the Company, Mr. Ashok Pandey, Director of the Company retire by rotation, at the ensuing Annual General Meeting and being eligible, offers himself for re-appointment. The Board recommends their re-appointment.

Shri Neeraj Sharma and Smt. Pratibha Sharma was appointed as additional directors of the Company to hold office upto the date of Annual General Meeting of the Company. The Company has received notice pursuant to section 257 of the Companies Act, 1956 alongwith deposit of five hundred rupees each for continue them as a Directors of the Company. The Board recommend their re-appointment.

DIRECTORS RESPONSIBILITY STATEMENT

Pursuance to Section 217 (2AA) of the Companies Act, 1956, the directors hereby confirm :

i) That in the preparation of the Annual Accounts for the year ended 31st March, 2010, 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 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 of the company for the year under review;

iii) That the Directors 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) That the Directors have prepared the Annual Accounts for the year ended 31st March, 2010 on a going concern basis.

CORPORATE GOVERNANCE

The Capital of the Company being Rs. 24.00 Lacs, Report on Corporate Governance in terms of Clause 49 is not applicable to the Company.

FIXED DEPOSITS

The company has not accepted any deposits from the Public during the year under review.

AUDITORS

M/s. H. S. Hathi & Co., Chartered Accountants, Auditors of the Company retire at the forthcoming Annual General Meeting and being eligible have given their consent for reappointment. The Board recommends their re-appointment. The observations made by the Auditors are self-explanatory and have been dealt with in the notes forming part of the Accounts and hence need no further clarification.

PARTICULARS OF EMPLOYEES

No employees of the company is covered under the provisions of Section 217 (2A) of the Companies Act, 1956, read with the Companies ( Particulars of Employees) Rules, 1988 as amended.

PARTICULARS OF ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

In accordance with the provisions of Section 217 (1) (e) of the Companies Act, 1956 the required information relating to conservation of energy, technology absorption is not required to be given as Company do not have any manufacturing activities. There is no foreign exchange earnings or outgo during the year.

ACKNOWLEDGEMENT

Your Directors take this opportunity to express their appreciation for the assistance and continued co-operation extended by all concerned.



For and on behalf of the Board of Directors

HERIN SONAWALA Director

Place : Mumbai Date : 31st August, 2010