WORKING RESULTS: (RUPEES) 2013-14 2012-13 Total Income -- -- Loss for the Year 5371 7309 Profit Brought Forward 446723 454032 Balance Carried to Balance Sheet 452094 446723

OPERATIONS: During the year under review yours Company could not achieve any turnover. The Company is putting its consistent efforts to start its business operatios.

ENERGY CONVERSATION : Puruant to section 217(1) (e) of the Companies act,1956, read with the Companies ( Disclosure of Particulars in the Report of Board of Directors) Rules,1988, as amended, it is stated that the Company as no particulars to be furnished under the head Energy Conservation because it has Carried on no manufacturing activity during the year under review. The operation of the Company are not Power Intensive. The Company is ,however, taking every possible steps to conserve the energy wherever possible.

FOREIGN EXCHANGE EARNINGS AND OUTGO: There was no foreign exchange earnings and outgo during the year.

TECHNOLOGY ABSORPTION : It has imported no technology.

AUDITORS OBSERVATION : The Auditor's observations are self explanatory and hence do not require any further clarification.

Directors' Report

To the members of

SAT E-COM LIMITED

The Directors of your Company have pleasure in presenting their Twenty First Annual Report together with the audited accounts of the Company for the year ended on 31.3.2014.

1.WORKING RESULTS :

(Rupees)

	2013-14	2012-13
Total Income		-
Loss for the year	5371	7309
Profit Brought Forward	446723	454032
Balance carried to Balance Sheet	452094	446723

2.OPERATIONS:

During the year under review yours Company could not achieve any turnover. The Company is putting its consistent efforts to start its business Operations.

3.DIVIDEND :

In view of the poor performance, the Directors are unable to recommend any dividend for the year 2013-2014.

4.PERSONNEL :

During  the year under review, no employee of the Company was  in

receipt of remuneration in excess of the limits prescribed  under

section  217 (2A) of the Companies Act,1956, read with  Companies

(Particulars of Employees) Rules,1975 as amended.

5.DEPOSITS:

As the Company has not accepted any Fixed deposit from public within the meaning of Section 58-A of the Companies Act and rules made there under as such, no amount of principal or interest was outstanding as of the Balance Sheet date.

6.DIRECTORS :

Mrs. Shehnaz D Ali retires at the ensuing Annual General Meeting by rotation  and being eligible for re-appointment  has offered himself for re-appointment.

7. HOLDING COMPANY:

Your Company is wholly owned subsidiary Company of Sah Polymers Limited.

8.SECRETARIAL COMPLIANCE CERTIFICATE :

Secretarial Compliance Certificate as required pursuant to Section 383(A) of the Companies Act, 1956 is attached herewith (Annexure A)

9.ENERGY CONSERVATION ,TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE

EARNINGS & OUTGO :

Pursuant  to section 217 (1) (e) of the Companies Act,1956,  read with the Companies (Disclosure of particulars in the  Report  of Board  of Directors) Rules,1988, as amended , it is  stated  that the  Company as no particulars to be furnished under  the  head Energy  Conservation and Technology Absorption because it has carried  on no manufacturing activity during the year under  re­view. The  operation of the Company are not power intensive. The Company is, however, taking every possible steps to conserve  the energy wherever possible. It has imported no technology.

Further  there was no foreign exchange earnings and outgo  during the year under review.

10.DIRECTORS' RESPONSIBILITY STATEMENT :

Pursuant  to  section 217(2AA) of the Companies Act,1956,  it  is stated that :

(i)  in  the preparation of the annual accounts,  the  applicable accounting standards had been followed alongwith proper  explana­tion relating to the material departures ;

(ii)  the  directors had selected such  accounting  policies  and applied them consistently and made judgement 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 that period ;

(iii)  the directors had taken proper and sufficient care 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;

(iv)  the directors had prepared the annual accounts on  a  going concern basis.

11.AUDITORS:

The Board of Directors of the Company have proposed that M/s Sampatilal Bhoara & Co., Chartered Accountants, Udaipur be re-appointed as the Statutory Auditors of the Company and to hold the office from the conclusion of this meeting till the conclusion of the next Annual General Meeting of the Company. M/s Sampatilal Bhoara & Co., Chartered Accountants, Udaipur have forwarded their letter to the Company stating that their re-appointment, if made, would be within the prescribed limits under Section 141(3)(g) of the Companies Act, 2013 and that they are not disqualified for re-appointment .The Auditors' observations are self explanatory and hence do not require any further  clari­fications.

12.ACKNOWLEDGEMENT :

Your Directors would like to express their grateful  appreciation for the assistance and co-operation received  from  the  banks, Central and State Government  Authorities during the year review.

Your Directors wish to place on record their deep sense of appre­ciation for the devoted services of the executives,Staff  and Workers of the Company for its success.

Dated : 28.06.2014 By order of the Board of

Place : Udaipur Directors

Hakim S.Tidiwala Harikant Turgalia

Director Director

DIN : 00119156 DIN:00049544

SAT E-COM LIMITED

NOTICE

Notice is hereby given that the Twenty First Annual General Meeting of the members of Sat E-Com Limited will be held on Thursday, the 14th August , 2014 at the registered office of the Company at E-260-261, Mewar Industrial Area, Madri, Udaipur-313003 at 2.00 P.M. to transact the following business :

ORDINARY BUSINESS

1. To receive, consider and adopt the audited accounts of the Company for the year ended on 31-03-2014 and the Report of the Directors and Auditors thereon.

2. To appoint a director in place of Mrs. Shehnaz D Ali (DIN : 00185452 ) who retires by rotation and being eligible offers himself for re-appointment.

3. To appoint auditors and fix their remuneration.

Registered Office : By order of the Board of Directors

E-260-261, Mewar Industrial Area,

Madri,

Udaipur-313003,

Dated :28 .06.2014 Harikant Turgalia

Director

DIN : 00049544

Note : A member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and vote at the meeting instead of himself. Proxy need not be a member of the Company. The instrument appointing proxy must be deposited at the registered office of the Company at least 48 hours before the time of the meeting.

SAT E-COM LIMITED

Annexure ‘A’ forming part of the Annual Return made upto 14.08.2014

V. Details of the shares held at the date of AGM

DIRECTORS RESPONSIBILITY STATEMENT : Puruant to section 217(2AA) of the Companies Act,1956 ,it is stated that: (i) In the preparation of the annual accounts, the applicable accounting standards had been followed alongwith proper explanations relating to the material departures. (ii) the directors had selected such accounting policies and applied them consistently and made judgement 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 that period. (iii) the directors had taken proper and sufficient care 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. (iv) the directors had prepared the annual accounts on going concern basis.

DIVIDEND : In view of the poor performance , the Directors are unable to recommend any dividend for the year 2013-14.

DEPOSITS: As the Company has not accepted any Fixed Deposit from public within the meaninh of section 58A of the Companies Act and rules made there under as such, no amount of principal or interest was outstanding as of the Balance sheet date. DIRECTORS: Mrs. Shehnaz D Ali. retires at the ensuing Annual General Meeting by rotation and being eligible for re-appointment has offered himself for re-appointment. HOLDING COMPANY: Your Company is wholly owned subsidiary Company of Sah Polymers Limited . SECRETARIAL COMPLIANCE CERTIFICATE: Secretarial Compliance Certificate as required pursuant to section-383(A) of the Companies Act,1956 is attached herewith ( Annexure A). AUDITORS: The Board of Directors of the Company have proposed that M/S. Sampatilal Bohara & co. , Chartered Accountants, udaipur be re-appointed as the statutory auditor of the company and to hold the office from the conclusion of this general meeting till the conclusion of the next Annual General Meeting of the company.M/S. Sampatilal Bohara & co. , Chartered Accountants, udaipur have forwarded their letter to the company stating that their re-appointment , if made , would be within the prescribed limits under section- 141 (3) (g) of the companies act , 2013, and that they are not disqualified for reappointment .

PERSONNEL : During the year under review,no employee of the Company was in receipt of remuneration in excess of the limits prescribed under section 217 (2A) of the Companies Act,1956 read with Companies (Particulars Of Employees) Rules,1975 as amended.