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Shreeji Dyechem Ltd.

BSE: 531290 Sector: Industrials
NSE: N.A. ISIN Code: N.A.
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Shreeji Dyechem Ltd. (SHREEJIDYECHEM) - Director Report

Company director report

To

The Members

SHREEJI DYECHEM LTD.

Ahmedabad.

The Directors of your Company are pleased to present this 25th Annual Report togetherwith the Audited Accounts of your company for the year ended on 31st March 2015.

WORKING RESULTS:

(Rs. In Lac)

Particulars 31st March 2015 31st March 2014
Revenue From Operation 0.00 40.60
Other Incomes 0.00 0.00
Total Incomes 0.00 40.60
Total Expenditures 5.89 44.85
Profit/Loss before Taxation (5.89) (4.25)
Less: Income Tax 0.00 0.00
Profit/Loss after tax (5.89) (4.25)

OPERATION:

During the year under report your company has not carried any commercial activities andtherefore no any income generated during the year. During the year the company hasincurred a loss of Rs. 5.89 Lac being the administrative and other expenses during theyear which includes the

Change in nature of Business.:

There is no change in the nature of business of the company during the year.

Dividend:

Your directors have not recommended any dividend.

Changes in Share Capital if any

There is no any change in the share capital of the company.

Disclosures:-

During the year under report the company has (1) Not issued any equity shares withdifferential voting rights.(2) Not made issue of any Employee Stock Option (3) Not issuedany sweat equity shares.

Extract of Annual Return.

The extract of Annual Return in format MGT-9 for the financial year 2014-15 has beenenclosed with this report as Annexure - A.

Board Meetings

During the financial year ended on 31.03.2015 the board of directors met SIX [06] timeson [1] 30.05.2014 [2] 30.07.2014 [3] 19.08.2014 [4] 01.09.2014 [5] 10.11.2014 [6]04.02.2015

Particulars of Loan Guarantees and Investments (LGSI) under section 186

During the year there is no any transaction of loan Guarantees and Investments(LGSI)under Section 186 of Companies Act 2013 hence the information is Nil.

Particulars of Contracts or Arrangements with Related Parties

During the year there is no any contract or arrangements with Related Parties asreferred to in section 188(1) of the Companies Act 2013 for the F.Y. 2014-15 hence theinformation is Nil.

Explanation to Auditors Remarks

There is no adverse remark/comment made by the Statutory Auditors of the company intheir audit report hence not commented.

Material Changes affecting the Financial Position of the Company.

There is no any material changes affecting the financial position of the companybetween the date of Balance sheet and date of signing Board of Directors report.

Conservation of Energy. Technology Absorption. Foreign Exchange Earnings and Outgo.

Since the company is not carrying any manufacturing other activities during the yearthe information of Energy Technology Absorption Foreign Exchange Earnings and Outgo areNil

Subsidiary Joint venture or Associates

During the year under review no company has become or ceased to be its subsidiariesJoint ventures or Associate Companies

Risk Management Policy

The management of the company is in the process of finalizing constitution of RiskManagement Policy and there are no risks which threatens the existence of the Company

Directors & Key Managerial Personnel

During the year under review there is no any change in Key Managerial Personnel ordirectors.

Directors retiring by rotation in the ensuing Annual General Meeting:

Pursuant to the provisions of the Companies Act 2013 and Articles of Association ofthe company Mr. Dipakbhai A. Patel is liable to retire by rotation and offers himself forhis reappointment.

Significant & Material orders passed by the regulators or courts or Tribunal

During the year under review no orders has been passed by the regulators or courts orTribunal which impacts the going concern status and company's operations in future.

Deoosits:-

During the year company has neither accepted any deposit nor any amount remainedunpaid or unclaimed.

Disclosures under Sexual harassment of Women at Workplace (Prevention. Prohibition& Redressed) ACT 2013.

There is no any woman employee in the company hence not applicable.

Fraud Reporting

During the year under review no fraud or such instances has been reported by theStatutory Auditors to Board of Directors hence no reporting is required to be made to theCentral Government.

Statutory Auditors

The members of the Company has appointed M/S. M. R. Pandhi & Associates asStatutory Auditors of the company for the period of 3(Three) consecutive years at theAnnual General Meeting held on 30.09.2014 the Board of Directors recommend theratification of appointment of statutory auditors at the ensuing Annual General Meeting ofthe company.

Directors responsibility Statement

In accordance with the provisions of Section 134 (5) of the Companies Act 2013 yourdirectors confirm that:

a. in the preparation of the annual accounts for the Financial Year ended 31st March2015 the applicable accounting standards had been followed along with proper explanationrelating to material departure.

b. the directors had selected such accounting policies and applied them consistentlyand made judgments and estimates that are reasonable and prudent so as to give a true andfair view of the state of affairs of the Company as at 31st March 2015 end of the profitsor loss of the Company for that period.

c. the directors had taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with the provisions of the Companies Act 2013 forsafeguarding the assets of the Company and for preventing and detecting fraud and otherirregularities.

d. the directors had prepared the annual accounts on a going concern basis.

e. the directors had laid down internal financial controls to be followed by thecompany and that such internal financial controls are adequate and were operatingeffectively and

f. the directors had devised proper systems to ensure compliance with the provisions ofall applicable laws and that such systems were adequate and operating effectively.

Secretarial Audit:

Pursuant to the provisions of Section 204 of the Act and rules made thereof yourCompany has appointed M/s. M. A. Nakrani & Associates Company Secretaries toundertake the Secretarial Audit of the Company. The Secretarial Audit Report for theFinancial Year ended March 31 2015 is annexed with this report.

Corporate governance and management discussion analysis report is annexed as perAnnexure - B.

Acknowledgement

The Directors express their sincere appreciation to the valued shareholders bankersand Clients for their support.

Place: Ahmedabad FOR AND ON BEHALF OF THE BOARD
Date: 04.09.2015 AMRIBHI TULSIBHAI PATEL
CHAIRMAN
DIN: 02231166