Macro International Ltd Management Discussions.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Economic Overview:

The financial year 2012 & 2013 is under heavy recession due to slow down in capital intensive market and overall performance of the industry, specially related to real estate. The GDP has also been down during the financial year, but the company has maintained the profit before tax in comparison to previous year & it is estimated that in the coming financial year the real estate might have been the fancy market as few years back.

Internal control systems:

The internal control system is looked after by the executive director himself, who also look after the day to day affairs of the company to ensure compliance of guidelines and policies, adhere to the management instructions and policies to ensure improvements in the system. The internal audit reports are regularly reviewed by the management.

Financial management and financial performance:

The company has plans for tight budgetary control on key operational performance indication with judicious deployment of funds without resorting to any kind of borrowing.

Environmental issues:

As the company is not carrying on any manufacturing activity, the matter relating to produce of harmful gases and the liquid effluents are not applicable.

Statutory compliance:

The company could not make payment of listing fees to the stock exchanges due to financial problems. But the company is in the process of complying with all the pending compliances with all the regulatory authorities and move forward with its first step of reviving the operations of the company.

Caution;

Statements which are based on and describe about managements expectations, estimates, projections, objectives, intentions and assumptions are forward looking statements. Words such as "expects," "anticipates,"" plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements, which include but are not limited to projections of revenues, earnings, segment performance, cash flows. Forward-looking statements are made pursuant to the Companies Act, 1956, Securities Laws and all other applicable acts, statues, rules and regulations as amended from time to time. These statements are not guarantees of future performance and involve certain risks and uncertaininties, which are difficult to predict Therefore, actual future results and trends may differ materially from what was forecasted in forward-looking statements, expressed or implied.

The Company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances of changes in expectations after the date of this report.

RISK AND CONCERN:

The company is in the process of taking up the new venture of real estate business which has some risk due to slow down of growth in the country and the melt down of European economy but keeping in view the increasing population and per capita income and requirement of houses and infrastructure development at the micro and macro level the real estate business will provide a thrash hold to the company in India. It may be possible that in near future the return on investment be some what lower but in the long run it will be profitable business.

Declaration by the managing director of code of conduct:

I hereby declare that pursuant to provisions of clause 49 (1) (D)(ll) of the listing agreement all the Directors and Seniors Management Personnel have affirmed compliance with the code adopted be the company and confirmation to that effect has been received for the year 2012-13.

For MACRO (INTERNATIONAL) EXPORTS LIMITED,

(S. K. Parasrampuria)

Managing Director

Place: Kanpur

Date: 25/05/2013

CEO/CFO Certification

Financial Statement for the year 2012-2013 - Certification by CEO

I, Sudhir Kumar Parasrampuria, Managing Director on the basis of the review of the cash flow statement for the financial year ended March 31,2013 and to best of my knowledge and belief, I hereby certify that:

1. These statements do not contain any materially untrue statements or omit any material fact or contain statements that might be misleading.

2. These statements together present a true and fair view of the Companys affairs and are in compliance with existing accounting standards, applicable laws and regulations.

3. There are to the best of my knowledge and belief, no transaction entered into the company during the year ended March 31,2013, which are fraudulent, illegal or voilative of the companys Code of Conduct.

4. I accept responsibility for establishing and maintaining internal controls for financial reporting and have evaluated the effectiveness of the internal control systems of the Company and have disclosed to the auditors and the Audit Committee, deficiencies, if anyjjf which I am aware, in the design or operation of the internal control systems and that I have taken the required steps to rectify these deficiencies.

5. I further certify that:-

a) There have been no significant changes in internal control during this year except that control over certain areas has been further strengthened.

b) There have been no significant changes in the accounting policies.

c) There have been no instances fraud of whi6h we have become aware and the involvement therein, if an, of the management or an employee having significant role

in the Companys internal control systems over financial reporting.

For MACRO (INTERNATIONAL) EXPORTS LIMITED

S.K. Parasrampuria

(Managing Director)

Place: Kanpur

Date: 25.05.2013