డైరెక్టర్ల నివేదిక SG Global Exports Ltd.

Mar 31, 2011

To The Members of S.G. GLOBAL. EXPORTS LTD.

The Directors of your Company have pleasure in presenting the 16th Annual Report on the affairs of the company for the year ended 31st March 2011.

FINANCIAL RESULTS (Rs in'000)

PARTICULARS AS ON AS ON 31.03.2011 31.03.2010

Total Sale/Income 194.00 101.00

Other Income 0.00 5.00

Profit/Loss before Deprecation, Interest & Tax 5.00 7.00

Less:(i) Prov. for Depreciation 2.00 5.50 ii) Prov. For Current Tax 1.00 1.80 iv) Deferred Tax Liab 0.00 (1.30)

Profit/(Loss) after Tax & Dep. 2.00 1.00

Add: Balance B/F from Previous Year (1835.00) (1836.00)

Balance carried to Balance sheet (1833.00) (1835.00)

PERFORMANCE REVIEW

The company has earned a profit of Rs 3514.00 (before tax) during the year ending 31st March 2011 as compared to a net profit of Rs 1580.00 during the year ending 31st March 2010. The company is still doing efforts to improve the working and is hopeful of better results in the coming year,

DIVIDEND

In the insufficiency of profits, your directors feel sorry that no dividend has been recommended for the- year under review.

PUBLIC DEPOSITS

The company has not. accepted and deposits pursuant to the provisions of Section 58-A, 58AA of the Companies Act 1956 during the year under the review.

DIRECTORS:-

Sh. Sanjeev Gupta, director of the company retire by rotation and being eligible offer himself for reappointment. The resolution No, 2 of the accompanied notice is proposed for their reappointment,

AUDITORS

The auditors of the Company, M/S Pawan Puri & Asso. Chartered Accountants, retires at the conclusion of the ensuing Annual General Meeting and is recommended for reappointment. The company has received a certificate from them to the effect that their re-appointment if made would be with in the prescribed limits specified under section 224(B) of the Companies Act, 1956, The observation wade by the auditors of the company is self explanatory and require no clarification from your directors.

REPORT ON CORPORATE GOVERNANCE

A separate report on corporate Governance along with Auditors Certificate on its compliance is attached as Annexure to this report,

LISTING AGREEMENT

The equity shares of the company are listed on the Delhi Stock Exchange Association Ltd. The Mumbai Stock Exchange. The Ludhiana Stock Exchange Association Lid, (Regional Stock Exchange)

The company has paid 160854.00 as listing fees to the Ludhiana Stock Exchange upto 2010-11 and fees to other stock exchanges is still pending,

AUDIT COMMITTEE

The company has re-constituted the Audit Committee pursuant to the provisions of section 292A of the Companies Act, 1936, The Committee comprises three directors Sh. Sanjeev Gupta , Sh, Jasvir lal. and Sh. Ash ok Kumar The committee has held discussion with, the auditors and reviewed the financial statement.

DIRECTORS RESPONSIBILITY STATEMENT

a) In accordance with the provisions of Section 217 (2AA) of the Companies Act, 1956, the Directors confirm that:

i) In the preparation of the Annual Accounts, the applicable Accounting Standards have been followed along with proper explanation relating to the material departures,

ii) The Directors have selected such Accounting Policies and applied them consistently and made judgments and estimates that arc 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 of the Company for that period.

iii) The directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

iv) The directors had prepared the Annual Accounts on a Going Concern basis,

INFORMATION UNDER SECTION 217(I)(E)

As The company is not engaged in manufacturing activities the use of electricity is restricted to office use only, your company being a trading company , has not consumed energy significant level and accordingly no investment was made for reduction of energy consumption. Mo comment is made on technology absorption considering the nature of activities undertaken by your company during the year under review,

There has been no foreign exchange income or outgo during the under review.

PARTICULARS EMPLOYEES

None of the employees of the company in receipt of remuneration of Rs, 230000Q/- or above during the year under con side rat lots nor was any employee of the Company paid a salary of Rs. 200000A or more per month during any part of the year.

COMPANY SECRETARIES:-

M/S B. K. Gupta & Asso,, Company Secretaries as Secretary -in-Whole time practice in companies of section 83A (1) of the Companies Act, 1956, Since they hold the office upto the date of the ensuing Annual General Meeting, the necessary resolution for their reappointment is placed in the notice calling the ensuing Annual General Meeting.

ACKNOWLEDGMENT ;

The directors take this opportunity to express their sincere thanks and appreciation to the staff members for their co-operation, hard work, dedication and devotion.

The Board expresses its grateful appreciation for the continued valuable assistance, Cooperation and support received from Company's Bankers, Reserve Bank of India. Central and State Government Authorities and other Business constituents.

S.G. GLOBAL EXPORTS LTD. PLACE: LUDH1ANA

DATE : 28.07.2011 (SANJEEV GUPTA) (ASHOK KUMAR) MG. DiRECTOR DIRECTOR