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Alna Trading & Exports Ltd.

BSE: 506120 Sector: Others
NSE: N.A. ISIN Code: N.A.
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Alna Trading & Exports Ltd. (ALNATRADING) - Director Report

Company director report

DIRECTORS

To

The Members

M/s. ALEVA TRADING AND EXPORTS LIMITED

Mumbai.

Your Directors have pleasure in submitting their 31st Annual Report togetherwith the Audited Statements of Accounts for the year ended 31st March. 2013.

FINANCIAL RESULTS: For the current year ended 31.03.2013 For the previous year ended 31.03.2012
(Amount in) (Amount in)
Gross Revenue 12672300 9275068
Profit for the period before Depreciation and 236583 315349
Taxation
Less: Depreciation 36850 38.905
Profit before tax 199733 276444
Provision for Taxation
Current Tax 32600 57000
Deferred Tax (162) 32438 (198) 56802
(Excess) / Short tax provision for earlier years - 14.749
Profit after Tax 167295 204893
Add/(Less) : Brought forward profit of earlier year 1.3679.211 13474318
Balance carried forward to Balance Sheet 13846506 13679211

REVIEW OF OPERATIONS:

During the year under Report the turnover of the company amounted to Rs.12672300/-as compared to the previous year turnover of Rs.9275068/-. Other income amounted toRs.95673/-as against Rs.382772/- in the previous year.

Net Profit for the year is Rs.1.67 lacs as compared to Rs.2.05 lacs in the previousyear.

DIVIDEND:

With a view to strengthen the financial position of the Company and to retain fundsrequired for the operations of the Company the Directors have not recommended any dividendout of the current year's profit.

FIXED DEPOSITS:

The Company does not have any deposits remaining unclaimed and/or claimed but not paidfor which information is required to be given in this Report.

CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION FOREIGN EXCHANGE EARNINGS AND OUTGO:

Information pursuant to section 2I7(l)(e) of the Companies Act 1956 read with theCompanies Act 1956 (Disclosure of Particulars in the Report of Board of Directors) Rules1988 relating to Conservation of Energy and Technology Absorption is not applicable toyour Company hence no information is disclosed in this regard.

The Company has however earned Foreign Exchange of Rs.12419778/- (Previous Year Rs.8880221/-) and did not incurred any Foreign Exchange outgo during the current year asgiven in Note 20 of notes forming part of accounts.

PARTICULARS OF EMPLOYEES:

The Company has not paid any Salary above the prescribed limit to any of its employeesfor which the statement is required to be appended to this Report.

DIRECTORATE:

Pursuant to section 255 of the Companies Act 1956 Mr. T.K. Gowrishankar is liable toretires by rotation and being eligible offer himself for re-appointment.

DIRECTORS' RESPONSIBILITY STATEMENT:

The Directors confirm :-

a. that in the preparation of the annual accounts the applicable accounting standardshave been followed and that no material departures have been made from the same;.

b. that they have selected such accounting policies and applied them consistently andmade judgments and estimates that are reasonable and prudent so as to give a true and fairview of the state of affairs of the Company at the end of the financial year and of theProfit of the Company for that period;

c. that they have taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with the provisions of the Companies Act 1956 forsafeguarding the assets of the Company and for preventing and detecting fraud and otherirregularities;

d. that they have prepared the annual accounts on a going concern basis.

COMPLIANCE CERTIFICATE:

In accordance with section 383A of the Companies Act 1956 and Companies (ComplianceCertificate) Rules 2001 the Company has obtained a certificate from a Company Secretaryin whole time practice confirming that the Company has complied with all the provisions ofthe Companies Act. 1956 and a copy of such certificate is annexed to this Report.

AUDITORS' REPORT REMARK:

Report of Auditors' is self explanatory and does not require further elucidation.

AUDITORS :

M/s. Rajendra & Company Chartered Accountants Mumbai the Auditors of the Companyhold office upto the date of the conclusion of ensuing Annual General Meeting and areeligible for reappointment. The Company has received the confirmation from the retiringAuditors that their appointment if made at the Annual General Meeting would be within thelimit stipulated under section 224(1 B) of the Companies Act 1956.

ACKNOWLEDGEMENTS:

The Directors take this opportunity to thank the Bankers for their continued help andco-operation. The Directors would also like to place on record the appreciation of theservices rendered by the employees at all levels.

FOR AND ON BEHALF OF THE BOARD

For ALNA TRADING AND EXPORTS LIMITED

PLACE: MUMBAI
DATED: 28TH MAY 2013 (CHAIRMAN)
REGISTERED OFFICE :
Allana House
Allana Road
Colaba
Mumbai-400 001.

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