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Healthy Investments Ltd.

BSE: 503689 Sector: Financials
NSE: N.A. ISIN Code: INE160N01017
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Healthy Investments Ltd. (HEALTHYINVESTM) - Director Report

Company director report

DIRECTORS

To the Shareholders

Your Directors present the Thirty second Annual Report together with the auditedstatement of accounts for the year ended 31st March 2014.

1. FINANCIAL RESULTS:

Current Year rrevious Year
Rupees Rupees
Profit before depreciation 1096174/- 980493/-
Less: Depreciation 10464/- 14612/-
Profit before taxes 1085710/- 965881/-
Less: Provision for current taxation (80000/-) -
Add: Provision for deferred taxation 136/- 2416/-
MAT credit entitlement 70535/- -
Profit available for appropriation 1076381/- 968297/-
Prior year taxes written back - -
Reserve fund 200000/- 195000/-
876381/- 773297/-
Surplus brought forward from last year 26009083/- 25235786/-
Surplus carried to balance sheet 26885464/- 26009083/-

2. DIRECTORS:

Sri. Murali D. kanuri Director of the Company retires by rotation and being eligibleoffer himself for reappointment.

Sri C. Kameswara Sharma and Dr. K.P. Reddy are proposed to be appointed as IndependentDirectors pursuant to the provisions of section 149150 and 152 read with Schedule IV andother applicable provisions of the Companies Act 2013 and the Rules notified thereunderto hold office for a term of five consecutive years. These directors shall not be liableto retire by rotation. The Board is of the opinion that the proposed appointees haveadequate skills experience and knowledge and are independent of management

Your Directors recommend their appointment on the Board.

3. DIRECTORS' RESPONSIBILITY STATEMENT:

Pursuant to the requirement under Section 217(2AA) of the Companies Act 1956 withrespect to Directors Responsibility statement the directors hereby confirm that:

i) in preparation of the accounts for the financial year ended 31st March2014 the applicable accounting standard have been followed along with proper explanationrelating to material departures;

ii) they have selected such accounting policies and applied them consistently and madejudgment and estimate that were 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 and of the profitof the company for the year under review;

iii) they have taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with provision of the Companies Act1956 for safeguardingthe assets of the Company and for preventing and detecting fraud and other irregularities;

iv) they have prepared the accounts for the financial year ended 31st March2014 on a going concern basis.

4. AUDITORS:

The present auditors M/s. Ganesh & Rajendra Associates Chartered Accountantsretire at the ensuing Annual General Meeting and have not expressed their willingness tobe reappointed as the Auditors. The company received a letter from a share holderproposing M/s C K S Associates Chartered Accountants Hyderabad as Auditors.

In view of this your directors propose appointment of M/s C K S Associates (PeerReview Certificate No: 006803) Chartered Accountants Hyderabad as the StatutoryAuditors of the Company from the conclusion of the ensuing Annual General Meeting till theconclusion of the sixth consecutive Annual General Meeting subject to ratification at eachsuch meeting as per the provisions of section 139 of the Companies Act 2013 and theRules made thereunder from whom a certificate as prescribed under section 139 (1) of thesaid Act confirming their eligibility for appointment has been obtained.

5. APPOINTMENT OF COMPANY SECRETARY ;

As per section 383A of the Companies Act 1956 the company is supposed to appoint acompany secretary in whole time employment. The management has made efforts to comply withthe same but could not succeed in appointing a company secretary. Hence the company hasobtained the compliance certificate from a practicing company secretary.

6. PARTICULARS OF EMPLOYEES:

The Company had no employees whose particulars are required to be mentioned pursuant tothe provisions of Section 217 (2A) of the Companies Acts 1956 read with the rulesthereunder.

7. CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS ANDOUTGO:

Being an investment company there are no particulars to be furnished in this report asrequired by Section 217 (l)(e) of the Companies Act 1956 relating to conservation ofenergy and technology absorption. There were no foreign exchange earnings or outgo duringthe year.

FOR & ON BEHALF OF THE BOARD
Place: Mumbai (Murali D. Kanuri) (C.Shantha Prasad)
Dated: 30st May 2014 Director Director