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Ardi Investments & Trading Company Ltd.

BSE: 504370 Sector: Financials
NSE: N.A. ISIN Code: N.A.
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Ardi Investments & Trading Company Ltd. (ARDIINVEST) - Director Report

Company director report

Director's Report

To the Members

ARDI INVESTMENT AND TRADING CO. LIMITED

The Directors have pleasure in presenting the Annual Report of the Company togetherwith the Audited Annual Accounts for the year ended March 31 2014.

FINANCIAL RESULTS

Particulars Year ended March 31 2014 Year ended March 31 2013
Rs. Rs.
Income
405500 430.310
Less: Expenditure
385221 359.040
Profit/ (Loss) before depreciation and taxes
20279 71.270
Less:Depreciation - -
Net Profit/ (Loss) before tax 20279 71.270
Less: Provision for Tax 13740 22.000
Deffered tax - -
Profit/ (Loss) after deferred tax 6539 49270
Balance carried to balance sheet 6539 49270

OPERATIONS

During the year under report the Company has made a profit of Rs. 6539/- as comparedto Rs. 49270 of previous year due to sluggish in business.

MANAGEMENT DISCUSSION AND ANALYSIS

The Company is engaged into the activities such as Corporate Finance & AdvisoryServices and trading in shares Investments etc. The Company is taking number ofinitiatives to consolidate and improve margins and return on capital which will in turnenhance the shareholders value. The current year was a better year for the Company. Due touncertain finance market the Company is taking a cautious view and will adopt itsinvestment policies accordingly.

INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY

The company has adequate internal control systems in place. With a view to monitor theCompany's performance as well as to make sure that internal checks and controls areoperating properly the Company has appointed external firms of Chartered Accountant asInternal auditor. The audit committee ensures that the internal control systems areadequate and working effectively.

DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to the provisions of section 217(2AA) of the companies Act 1956 the Directorsconfirm that:

(i) in preparation of the Annual Accounts the applicable Accounting Standards havebeen followed along with proper explanation relating to material departures if any;

(ii) They have selected the accounting policies and applied them consistently and madejudgments and estimates that are reasonable and prudent so as to give a true and fair viewof the state of affairs of the Company at the end of the financial year under review andfor the profit or loss of the Company for that period;

(iii) 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; (iv) They have prepared the Annual Accounts on a going concern basis.

DIVIDEND

Due to not having a sufficient distributable profit for the current year the Board ofDirectors of the Company has not recommended any dividend on the equity share of theCompany

FIXED DEPOSIT

The Company has not accepted / renewed any Fixed Deposits from Shareholders Directorsand public during the year under review.

AUDITORS

M/s. Rahul Bansal & Associate Chartered Accountants retire at the forthcomingAnnual General Meeting and being eligible offer themselves for re-appointment as Auditorsof the Company. The Company has received declaration under 224(1B) of the Companies Act1956 from the Auditors of the Company.

COST AUDITOR

The central Government had not directed an audit of cost accountants maintained by thecompany in respect of all its products.

CORPORATE GOVERNANCE AND MANAGEMENT DISCUSSION fit RISK ANALYSIS REPORT

As required by clause 49 of the listing agreement entered into with the Stock Exchangea detailed report on the Corporate Governance and Management Discussion & RiskAnalysis Report is attached to this report. Auditor's certificate regarding compliance ofthe conditions of the Corporate Governance stipulated under the said clause is alsoattached to this Report.

CONSERVATION OFENERGYTECHNOLOGYABSORPTION & FOREIGN EXCHANGE EARNINGSAND OUTGO

During the year the Company has not consumed any source of energy absorbed any newtechnology and transacted in foreign exchange. Hence information as per clause (e) ofsub-section (1) of section 217 of the Companies Act 1956 read with the companies(Disclosure of Particulars in the Report of Board of Directors) Rules 1988 is notapplicable.

PARTICULARS OF EMPLOYEES

The Provisions of section 217(2A) of the Companies Act1956 read with the companies(Particulars of Employees) Rules 1988 as amended are not applicable to the company asthere are no employees whose remuneration is in excess of the limits prescribed as amendedtill date.

LISTING

The equity shares of the company are at present listed with the Bombay Stock ExchangeLimited. The Company is regular in payment of listing fee.

CASH FLOW STATEMENT

In conformity with the provisions of clause 32 of the Listing Agreement and requirementof Companies Act 1956 the cash flow statement for the year ended 31.03.2014 is annexedhere to.

ACKNOWLEDGMENT

The Board of Directors expressed deep gratitude for the assistance co-operation andsupport extended to your company by the bankers of the company customers as well as theinvesting community and look forward to their continued support.

By Order of the Board
For Ardi Investment and trading Co. Limited
Sd/- Sd/ -
Uday P Shah Pradeep Goradia
Director Director
Place: Mumbai
Date: 30™ May 2014

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