AFFLUENCE

Your Directors are pleased to present the Annual Report of your company together with the Audited Statement of Accounts and the Auditors Report of your company for the Financial Year ended on 31st March 2014. The summarized financial results for the year ended 31 March 2014 are as under: 1) FINANCIAL RESULTS FINANCIAL RESULTS CURRENT YEAR (2013-2014) (in `) PREVIOUS YEAR (2012-2013) (in `) Profit Before Tax 28,25,943 6,48,248 Less: Provision for Taxation: Current Tax 5,07,103 8,73,338 Deferred Tax - - Profit After Tax 23,18,840 (2,27,090) Add: Mat Credit Entitlement 4,92,333 - Less: Income Tax of Earlier Year 21,948 (3,97,451) Transfer to Special Reserve 4,59,378 34,072 Balance Available for Appropriation 23,29,847 1,36,289 Add: Balance brought forward from previous years 3,79,54,315 3,78,18,027 Balance C/F to Reserve and Surplus 4,02,84,162 3,79,54,316 Basic and Diluted Earning Per Share 0.58 0.04 2) REVIEW OF OPERATION The net profit for the year 2013-14 has been ` 23,18,840 (Twenty Three Lac Eighteen Thousand and Eight Hundred Forty only) as against net loss of ` (2,27,090)/- (Rupees Two Lac Twenty Seven Thousand and Ninety only) during the previous financial year.

There have been no material changes and commitments that can affect the financial position of the company occurred between the end of the financial year of the company and date of this report.

Conservation of Energy: There is no such information required to be disclosed as per section 217(1)(e) of the Companies Act, 1956 read with Companies (Disclosure of particulars in the Board of Directors) Rules, 1988 as amended from time to time.

Foreign Exchange Earnings and Outgo: Earning: Nil

Technology Absorption: No specific technology has been absorbed or adopted during the year

The observations of the auditors in their report are self-explanatory and needs no further explanation. There are no qualifications or adverse remarks in the Auditor s Report which requires any clarification/explanation pursuant to section 217 (3) of the Companies Act, 1956

The Board acknowledges the support of the shareholders and also places on record its sincere thanks to its valued clients and customers for their continued patronage. The Board also expresses its deep senses of appreciation to all employees of the Company for their strong work ethics, excellent performance, professionalism, teamwork, commitment, initiative and co-operation received from Banks, Shareholders, Suppliers and Customers which has led to the company progress in today s challenging environment

For the Financial year ended 31st March 2013, the Company had not transferred any sum to General Reserves A/c. Therefore your company proposes to transfer the entire amount of Profit to Statement of Profit and Loss of the Company

DIRECTOR S RESPONSIBILITY STATEMENT Pursuant to the provisions of section 217(2AA) of the Companies Act, 1956, the Director s Confirm: i) That in preparation of annual accounts for the year 2013-14; the applicable accounting standards has been followed along with proper explanation relating to material departures. ii) That they have 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 that period. iii) That they have taken proper and sufficient care for 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. iv) That they have prepared the annual accounts for the financial year 2013-14 on a going concern basis.

Your Directors feel that it is prudent to plough back the profits for future growth of the company hence did not recommended any dividend for the financial year 2013-14

AUDITORS M/s. S.K. Naredi and Co., Chartered Accountants, Statutory Auditors of the company will retire at the ensuing Annual General Meeting of the company and they have signified their willingness to accept reappointment and have confirmed their eligibility under section 224(1B) of the Companies Act, 1956. Your director recommends their re-appointment as Statutory Auditors of the Company. COMPLIANCE CERTIFICATE The Company has obtained Compliance Certificate for the Financial Year 2013-14 from Mr. Adarsh Kumar Agarwal, Practicing Company Secretary, Jamshedpur, in terms of Section 383- A of the Companies Act, 1956. DIRECTORS Mrs Jayshree Goyal has resigned from the post of Director of the company, Mr Ashok Kumar Kedia has resigned from the post of Independent Director of the company, Mr Ankit Goyal has been appointed as a Director of the company and Mr Dinesh Kumar Choudhary has been appointed as an Independent Director of the company, all w.e.f 31.01.2014 during the financial year 2013-14 SHARE CAPITAL AUTHORIZED SHARE CAPITAL During the financial year 2013-14 the company has not increased its Authorized Share Capital. PAID-UP SHARE CAPITAL During the financial year 2013-14 the company has not increased its Paid-up Share Capital

The provisions of Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975, are not applicable as no employee is drawing remuneration in excess of prescribed amount