AFFLUENCE

PRABHA ENERGY PRIVATE LIMITED

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D I R E C T O R S    R E P O R T

2013-2014

TO,

THE MEMBERS

PRABHA ENERGY PRIVATE LIMITED

The Directors take pleasure in presenting the Annual Report together with the Audited Statements of Accounts of your Company for the financial year ended the 31st March, 2014.

1. FINANCIAL RESULTS:

2. OPERATIONS:

During the period under review the Total income of the Company is Rs. 23,348/- and the Company has incurred Total Expenditure of Rs. 6,308/-. The Company expects to perform better in the Current year.

3. DIVIDEND:

  In view of the further growth of the Company, the Directors recommend that no dividend to be declared this year.

4.  AUDITORS:

   M/s. Jayesh M. Shah & Co., Chartered Accountants, the Statutory Auditors of the Company, who retire at the ensuing Annual General Meeting and are eligible for re-appointment. They have furnished a Certificate regarding their eligibility for re-appointment as Statutory Auditor of the Company, pursuant to Section 139(1) of the Companies Act, 2013 read with rules. The Board of Directors recommend their re-appointment for 2014-15.

5.  AUDITORS REPORT:

   The Notes on Accounts referred to in the Auditors' Report are self-explanatory and         

   therefore do not call for any further comments.

6.  PARTICULARS OF EMPLOYEES:

No employee is drawing   remuneration   more than the specified limit prescribed u/s 217(2A) of the Companies Act, 1956, (Particulars   of   Employees) Rules, 1975. Hence,   the information required in terms of Section 217(2A) of the Companies Act, 1956 (Particulars of Employees) Rules, 1975 is not applicable to us.

7.  COMPANIES   (DISCLOSURE    OF    PARTICULARS     IN    THE      REPORT OF DIRECTORS) RULES, 1988                                                                                                              

A. TECHNOLOGY ABSORPTION:

1.        Research    and Development (R & D)                 NIL

2.            Technology absorption and Innovation             NIL

        B.  FOREIGN EXCHANGE EARNING & OUT GO:

1.              Total Foreign Exchanged Used                            NIL

2.              Total Foreign Exchanged Earned                        NIL                

8.  DIRECTORS:

In accordance with the provisions of Section 256 of the Companies Act, 1956 and the Articles of Association, Mr.  Dharen Savla shall retire by rotation at the ensuing Annual General Meeting and being eligible offers himself for re-appointment.              

9.  DIRECTORS RESPONSIBILITY STATEMENT PURSUANT TO SEC. 217(2AA) OF THE COMPANIES ACT, 1956:                                                                                                         

      The Directors hereby confirm that:

1. In the preparation of the annual accounts, the applicable accounting standards has been followed along with proper explanation relating to material departures.                          

1. Appropriate accounting policies have been selected and applied consistently and made judgments and estimates that are responsible and prudent so as to give true and fair view of the state of affairs of the company at the end of the financial year 2013-14 and of the profit or loss of the company for the said period.                                                

3.     Proper and sufficient care has been taken for the 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.                                            

1. The annual accounts have been prepared on a going concern basis.

10. PUBLIC DEPOSIT

During the year under review, the Company has not accepted any Deposit from the Public.

11. ACKNOWLEDGEMENT:

    The Directors wish to place on record their sincere thanks and gratitude to:

    * all Bankers for extension of the financial facilities and continued support;

    * the members for the trust and confidence reposed by them in the Company.

    Our Directors also take this opportunity to convey their sincere appreciation and   gratitude for the hard work put in by the officers and employees of the Company, at   

     all levels during the year under review.

                                                             BY ORDER OF THE BOARD OF DIRECTORS

                                                                        OF PRABHA ENERGY PVT. LTD.

                                                                                                   Sd/-

Date:  05.09.2014                                                             PARAS SAVLA 

Place: Ahmedabad                                                            DIRECTOR