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G D Trading & Agencies Ltd.

BSE: 504346 Sector: Financials
NSE: N.A. ISIN Code: INE713N01013
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G D Trading & Agencies Ltd. (GDTRADAGENCY) - Director Report

Company director report

DIRECTORS

Your Directors have the pleasure in submitting before you the Thirty Fourth AnnualReport together with the Audited Balance Sheet and Profit & Loss account for theperiod ended on 31st March 2014.

1. BUSINESS:

The Company is in the business of trading of Shares & Securities.

2. FINANCIAL RESULTS

Particulars Year ended on 31st March 2014 Year ended on 31st March 2013
Profit & Loss before Depreciation 2512 1603
Less: Depreciation -

-

Profit before Tax (Current & Deferred) 2512 1603
Provision for Taxation

-

-

Income Tax paid for earlier year - 9430
Profit after Tax c/f to next year 2512 (7827)

3. DIVIDEND:

Your directors do not recommend any dividend for the year.

4. PARTICULARS OF EMPLOYEES:

There is no employees drawing remuneration exceeding the limits laid down in sub -section (2A) of section 217 of the Companies Act 1956 read with Companies (Particulars ofEmployees) Rules 1975 such particulars are not given.

5. DIRECTORS' RESPONSIBILITY STATEMENT:

Pursuant to the requirement under Section 217 (2AA) of the Companies Act 1956 withrespect to Directors Responsibility Statement it is hereby confirmed.

i. That in the preparation of the annual accounts for the financial year ended 31stMarch 2014 the applicable accounting standards had been followed along with properexplanation relating to material departures;

ii. That the directors had selected such accounting policies and applied themconsistently and made judgments and estimates that were reasonable and prudent so as togive a true and fair view of the state of affairs of the company at the end of thefinancial year and of the profit or loss of the Company for the year under review;

iii. That the directors had taken proper and sufficient care for the maintenance ofadequate accounting records in accordance with the provisions of the Companies Act 1956for safeguarding the assets of the company and for preventing and detecting fraud andother irregularities;

iv. That the directors had prepared the accounts for the financial year ended 31stMarch 2014 on a 'going concern' basis.

6. Remarks of the Auditors

As regards remark of the auditors the same is self explanatory and do not call furtherclarification.

7. Director: Shri Sanjay Somani the director of the Company retires by rotation butbeing eligible offers himself for reappointment.

7. AUDITORS:

The Auditors of the Comppany M/S. J.K.Lahoti Chartered Accountants retire at theensuing meeting and have confirmed their eligibility and willingness to accept the officeif re-appointed.

8. ADDITIONAL INFORMATION:

Additional information as required under the Companies (Disclosure of Particulars inthe Report of the Board of Directors) Rules 1988 is given in Annexure -A to this report.

9. ACKNOWLEDGMENT:

Your Directors take this opportunity to thank you all.

For and on behalf of the Board of Directors .

Shekhar Somani Sanjay Somani
Director Director
DIN: 01912848 DIN: 30629858
Mumbai:22nd May 2014

ANNEXURE-A

INFORMATION IN ACCORDANCE WITH THE COMPANIES (DISCLOSURE OF PARTICULARS IN THE REPORTOF THE DIRECTORS) RULES 1988.

CONSERVATION OF ENERGY:

The energy Consumption is insignificant. However the company has taken steps toconserve energy wherever possible.

RESEARCH & DEVELOPMENT & TECHNOLOGY ABSORPTION:

The provisions relating to Research & Development and Technology Absorption are notapplicable to our Company.

FOREIGN EXCHANGE EARNING & OUTGO:

No Income or Expenditure in Foreign Currency received or incurred during the year. Forand on behalf of the Board of Directors

Shekhar Somani Sanjay Somani
Director Director
DIN: 01912848 DIN: 00629858
Mumbai:22nd May 2014