డైరెక్టర్ల నివేదిక Shreeji Dye-Chem Ltd.

Mar 31, 2012

TO THE MEMBERS OF SHREEJI DYE-CHEM LIMITED AHMEDABAD.

The Directors have pleasure in presenting this 22nd Annual Report together with the Audited Accounts of your company for the year ended on 31st March' 2012.

FINANCIAL RESULTS: *

(Rs. In Lac) PARTICULARS 31-03-12 31-03-11

Revenue from Operation 44.90

Profit (Loss) Before Taxation & Depreciation 30.14 (30.11)

Depreciation

Provision for Taxation including deferred tax

Profit (Loss) After Taxation 30.14 (30.11)

OPERATION:

During the year your company has not carried any manufacturing activities due to the circumstances beyond the control of the management of the company. During the year under report' the company has shown Rs. 4&90 Lac as revenue from operation which represent the amount written back the Secured Loan from Madhupura Merchantile Co.Op. Bank On one time settlement scheme.

DIVIDEND:

Your directors do not recommend any dividend. DIRECTORS:

In accordance with the provisions of the Companies Act' 1956 and the Companies Articles of Association' Shri Lavjibhai T. Patel retires by rotation at the ensuing annual general meeting and he is being eligible offers himself for reappointment.

DIRECTORS' RESPONSIBILITY STATEMENT:

Pursuant to Section 217(2AA) of the Companies (Amendment) Act' 2000 Directors confirm that:

(i) In the preparation of the annual accounts' the applicable accounting standards had been followed;

(ii) Appropriate accounting policies have been selected and applied prudent so as to give a true and fair view of the state of affairs of the company as at 31st March' 2012 and of the Loss for the year under review'

(iii) Proper and sufficient care has been taken 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 annual accounts have been prepared on a going concern basis;

LISTING:

The Company's shares are listed on Ahmedabad Stock Exchange' Bombay Stock Exchange and Madhya Pradesh Stock Exchange. The trading of the securities has been suspended due to non compliance. The management of the company has now complied almost all necessary compliance with all three stock exchanges. The company has made an application to the office of Regional Director'(North West Region) Ministry of Corporate Affairs for removal of name of the company from the list of vanishing company and the said application is pending with the concerned office.

PARTICULARS OF EMPLOYEES:

The particulars of employees falling under the purview of Section 217 2(A) of the Companies Act' 1956 read with the Companies (Particulars of Employees) Rules 1975.

There is no employee drawing monthly/yearly salary as prescribed under Section 217 2(A) of the Companies Act' 1956.

CONSERVATION OF ENERGY' TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUT GO:

The information required under Section 217(l)(e) of the Companies Act' 1956 read with the Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules' 1988 and the forming part of the Report. Since the company has not carried any manufacturing activities during the period under report' no • information is available.

CORPORATE GOVERNANCE AND MANAGEMENT DISCUSSION ANALYSIS REPORT IS ANNEXED AS PER ANNEXURE - A.

AUDITORS: M. PARMAR & Co.' Chartered Accountants' Ahmedabad' the Auditors of the Company retires at the conclusion of the forthcoming Annual General Meeting and being eligible offers themselves for reappointment.

's. COMPLIANCE CERTIFICATE:

M/s. M. A. Nakrani & Associates' Company Secretaries appointed to issue a Compliance certificate under Section 383A(1) of The Companies Act' 1956 and they retires at the conclusion of the forthcoming Annual General Meeting and being eligible offers themselves for reappointment.

Place: Ahmedabad FOR AND ON BEHALF OF THE BOARD

Date: 01-09-2012 CHAIRMAN

FCR' SHBEEJI DYE-CHEM LIMITED

MANAGING DIRECTOR