Director's report as per Companies Act 2013

Gaurav sharma Private Limited
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DIRECTORS' REPORT
TO THE MEMBERS,
	Your Directors are pleased to present the 4 th Annual Report of your Company together with the  Audited Statement of Accounts and the Auditors’ Report of your company for the financial year ended, 31st March, 2014. The summarized financial results for the year ended 31st March, 2014are as under:
FINANCIAL RESULTS
	Particular							For  the  financial   year ended 31st March, 2014		For  the  financial   year ended 31st March, 2013
								Amount in Rupees		Amount in Rupees
	Net Profit / (Loss) Before Tax							87,740.36		(511,944.07)
	Deferred Tax							23,085.00		157,650.00
	Profit / (Loss) after Tax							38,827.36		(354,294.07)
	Profit / (Loss) brought forward							(367,319.57)		(13,025.50)
	Balance Carried over to Balance Sheet							(328,492.21)		(367,319.57)
REVIEW OF OPERATION:
	During the year under review, the Profit for the year has been Rs. 87740/-as against  Loss of Rs. 511944/-during the previous financial year. Your Directors are continuously looking for avenues for future growth of the Company.
SHARE CAPITAL
	At present the Authorized Share Capital of the Company is Rs. 1000000/-divided into 100000 Equity Shares of Re. 10/- each.
DIVIDEND:
	In View to continuing losses of the Company, Your Directors did not recommend any dividend in respect of the financial year ended 31st March, 2014.
DEPOSITS
	During the year under review, Company has not accepted any Public Deposit during the year.
DIRECTOR’S RESPONSIBILITY STATEMENT
	As required under Section 217(2AA) of the Companies Act, 1956, the Directors state that:
	1	In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanations relating to material departures;
	2	The Directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year 31st March, 2014 and of the Profit of the Company for that Period;
	3	The Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;
	4	The directors had prepared the accounts for the period on a going concern basis.
DISCLOSURES UNDER SECTION 217(1)(D) OF THE COMPANIES ACT, 1956:
	Except as disclosed elsewhere in this report, there have been no material changes and commitments which can affect the financial position of the Company occurred between the end of the financial year of the Company and date of this report.
TRANSFER TO RESERVES IN TERMS OF SECTION 217 (1)(B) OF THE COMPANIES  ACT, 1956:
	In view of Loss to the company for the financial year ended 31st March, 2014, the Company had not transfer any sum to Reserves.
PARTICULARS OF EMPLOYEES
	The provision of Section 217(2A) of Companies Act, 1956 are not applicable to the company as no employee was in receipt of remuneration to the extent laid down therein.
APPOINTMENT OF AUDITORS:
	M/s ABC & Associates Chartered Accountants, (ICAI Firm Registration No.325655E), Who are the Statutory Auditors of the Company, hold office until the conclusion of the ensuing Annual General Meeting. It is proposed to re-appoint them to examine and audit the accounts of the company for three years to hold office from the conclusion of ensuing AGM, till the conclusion of the 7th AGM of the Company to be held in the year 2017 subject to ratification of their appointment at every AGM. M/s ABC & Associates have, under Section 139(1) of the Companies Act,2013 and the Rules framed thereunder a certificate of their eligibility and consent for re-appointment.
AUDITORS’ REPORT
	The observations of the auditors in their report are self-explanatory and therefore, in the  opinion of the Directors, do not call for further comments.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO
	The particulars as required under the provisions of Section 217(1)(e) of the Companies Act, 1956 in respect of conservation of energy and technology absorption have not been furnished considering the nature of activities undertaken by the company during the year under review. Further during the year under review, the Company has neither earned nor used any foreign exchange.
ACKNOWLEDGEMENTS :
	Your Directors place on record their gratitude for the continuing support of Shareholders, bankers and Business associates at all levels.
							For and on behalf of the Board
							For Gaurav Sharma Private Limited
Place:Mumbai
Date 3rd Oct  , 2014.								Chairman