Anmol India Ltd Directors Report.

To,

The Members of ANMOL INDIA LIMITED

Your Directors have pleasure in presenting the 20lhAnnual Report together with the Audited Statement of Accounts of your Company for the financial year ended March 31, 2018.

1. FINANCIAL HIGHLIGHTS

Particulars Year ended 31st March, 2018 Amount (Rs) Year ended 31st March, 2017 Amount (Rs)
Total Income 2,99,24,22,361.05 1,86,49,56,160.61
Total Expenses 2,94,86,32,671.28 1,84,86,00,786.18
Profit/(loss) before Exceptional Items and Extraordinary Items and Tax 4,37,89,689.77 1,63,55,374.43
Add: Exceptional Items (45,10,000.00) 2,576.35
Profit Before Tax 3,92,79,689.77 1,63,57,950.78
Tax expenses
-Current Tax 1,30,69,861.00 54,11,490.00
-Deferred Tax (82,815.00) (3,061.00)
-Income Tax of Previous Years 6,208.00 15,686.30
-Interest on Income Tax/TDS/TCS/Sales Tax 61,747.44 47,495.00
Profit/(loss) after taxation 26,224,688.33 1,08,86,340.48

2. DIVIDEND

Your Directors have not recommended any dividend during the year.

3. TRANSFER TO RESERVES

Your directors have transfer Rs. 2,30,00,000/- of profit to the reserve during the financial year ended 31st march, 2018.

4. MEETINGS OF THE BOARD OF DIRECTORS

During the financial year 2017-18, 17 (Seventeen) Meetings of the Board of Directors of the Company was held.

5. STATE OF THE COMPANYS AFFAIRS AND FUTURE OUTLOOK

During the financial year, the company had Net Profit of Rs. 26,224,688.33/- as against Net Profit of Rs. 1,08,86,340.48/- in the previous year.

6. CHANGES IN NATURE OF BUSINESS

There is no change in the nature of the business.

7. MATERIAL CHANGES AND COMMITMENTS

No material changes and commitments affecting the financial position of the Company occurred between the end of the financial year to which this financial statement relates and the date of this report.

8. LOANS. GUARANTEES AND INVESTMENTS

There were no loans, guarantees or investments made by the company under section 186 of the companies Act, 2013 during the year under review.

9. EXTRACT OF ANNUAL RETURN

The extract of Annual Return in form no. MGT-9 as required under Section 92 of the Companies Act, 2013 for the financial year ending March 31, 2018 is annexed hereto as Annexure 1 and forms part of this Report.

10. RELATED PARTY TRANSACTIONS

During the Financial year 2017-18, following payments were made to Related Parties:

No. Name Nature of Payment Amount
1 Neelam Rani Interest 10,90,814.00
2 Vijay Kumar Interest 15,11,707.00
3 Tilak Raj Interest 8,15,940.00
4 Chakshu Goyal Salary 5,40,000.00
5 Deepika Agarwal Interest 14,96,784.00
6 Sahil Aggarwal Interest 11,06,845.00

11. CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION

As the company is not a manufacturing company, so the conservation of energy, technology absorption clauses is not applicable.

12. FOREIGN EXCHANGE EARNINGS AND OUTGO

During the Financial Year 2017-18, there were foreign exchange payment of Rs.

26,69,10,000.00.

13. RISK MANAGEMENT

The directors of the company is entrusted with the responsibility of managing and monitoring the risks, if any which in the opinion of the directors may threaten the existence of the company and can impact the ability to achieve the objectives of the company.

14. ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO FINANCIAL STATEMENTS

The Company has adequate internal control procedure commensurate with the size of the company and nature of its business.

15. DIRECTORS AND KEY MANAGERIAL PERSONNEL (KMP)

Mr. Chakshu Goyal was appointed as Director during this Financial Year.

16. DEPOSITS

Neither, any type of deposits of previous year is unpaid or unclaimed during the financial year.

17. NAME OF THE COMPANIES WHICH HAVE BECOME OR CEASED TO BE ITS SUBSIDIARIES. JOINT VENTURES OR ASSOCIATES COMPANIES DURING THE YEAR

No company have become or ceased to be its Subsidiary Company, Joint Venture or Associate Company during the year.

18. DETAILS OF SUBSIDIARY. JOINT VENTURE OR ASSOCIATES

There is no Subsidiary, Joint Venture or Associates of ANMOL INDIA LIMITED

19. DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS. COURTS AND TRIBUNALS

No significant and material order has been passed by the regulators, courts, tribunals impacting the going concern status and Companys operations in future.

20. STATUTORY AUDITORS

M/s. Vikram Maheshwari & Associates, Chartered Accountants, who were appointed as the statutory auditors of the company to hold office up to the conclusion of the Annual General Meeting (AGM) to be held in the year 2022, subject to ratification of their appointment at every Annual General Meeting and are eligible for re-appointment. Pursuant to the provisions of section 139 of the Companies Act, 2013 and the Companies (Audit and Auditors) Rules, 2014, it is proposed to ratify appointment of M/s Vikram Maheshwari & Associates as the statutory auditors of the company, from the forthcoming Annual General Meeting till the conclusion of the next Annual General Meeting. A certificate from them has been received to the effect that their re-appointment, if made, would be within the prescribed limits.

21. BOARDS COMMENT ON THE AUDITORS REPORT

There are no qualifications or adverse remarks in the Auditors Report which require any clarification/ explanation. The notes on financial statements are self-explanatory, and need no further explanation.

22. SHARE CAPITAL

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

23. PARTICULARS OF EMPLOYEES

There are 11 (Eleven) employees in the Company.

24. DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to Section 134(5) of the Companies Act, 2013 the Board of Directors of the Company confirms that-

(a) In the preparation of the annual accounts the applicable accounting standards had been followed along with proper explanation relating to material departure.

(b) The Directors have 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 and of the profit and loss of the Company for that period;

(c) The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

(d) The Directors had prepared the annual accounts on a ‘going concern basis;

(e) The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

25. CONTINGENT LIABILITY

There is a Contingent Liability of Rs. 1,97,38,060/- as on 31.03.2018 towards the Green Cess Receivable and the case is pending before the Honorable High Court of Delhi.

26. ACKNOWLEDGMENT

Your Directors would like to express their sincere appreciation for the assistance and co-operation received from the financial institutions, banks, Government authorities, customers, vendors and members during the year under review. Your Directors also wish to place on record their deep sense of appreciation for the committed services by the Companys executives, staff and workers.

Your company takes this opportunity to thank all the shareholders and investors of the company for their continued support.

For and on behalf of the Board of Directors

Directors Name: Vijay Kumar Directors Name: Neelam Rani
Designation: Director Designation: Director
DIN: 00574900 DIN:00574938
Place: Guwahati
Date: