Precious Trading & Investments Ltd. के निदेशक की रिपोर्ट

Mar 31, 2013

Dear Members,

The directors are pleased to present their 30,h Annual Report, to the members, on the business and operations of Precious Trading & Investments Limited together with the Audited Accounts for the financial year ended 31st March 2013.

Financial Highlights

Particulars 31.03.2013 31.03.2012

Income - -

Less: Expenses 101,529 114,679

Profit / (Loss) before Taxation (101,529) (114,679)

Less: Provision for Taxation

Current tax - -

Deferred tax - -

Profit / (Loss) for the year (101,529) (114,679)

Earnings per share - Basic (0-42) (0.48)

Dividend

In view of loss suffered by your Company during the year, the Directors express their inability to declare dividend for the year 2012-13.

Deposits

During the year under review, Company has not invited or accepted nor renewed any deposits from public under the Companies (Acceptance of Deposits) Rules, 1975 and that as on 31s! March 2013, the Company did not have any outstanding / unclaimed/ overdue deposits.

Director

Mr. Jitendra N, Sheth, Director, will retire by rotation. Mr. Jitendra N. Sheth, being eligible offers himself for reappointment. Accordingly, the board recommends his re-appointment.

Corporate governance

Since the paid up capital of the Company is less than Rs. 3 Crores, particulars as mentioned in clause 49 of the Listing Agreement with the Stock Exchange, Mumbai, is not required to be given.

Auditors

M/s. M. B. Agrawal & Company, Chartered Accountants, having firm registration number 100137W, the auditors of the Company, retire at the conclusion of this Annual General Meeting and are eligible for re-appointment and if re-appointed, their appointment will be in accordance with the applicable provisions, if any, of the Companies Act, 1956.

Auditor''s Report

The Auditor''s Report to the Shareholders on the Accounts of the Company as on 31st March 2013 does not contain any qualification.

Share Registrar & Transfer Agent

The Company''s share registry function is being looked after by M/s. Bigshare Services Private Limited which is a SEBI-registered Registrar & Transfer Agent. The contact details of Bigshare Services Private Limited are mentioned in the Company Information section of Annual Report. Investors are requested to address their queries, if any, in this regard, to Bigshare Services Private Limited; however, in case of difficulties, they are welcome to contact the Corporate Office of the Company.

Listing Fees

The Company declares that its Securities are listed on the Bombay Stock Exchange, and the Company confirms that it has paid Annual Listing Fees due to the Stock Exchange for the year 2012-13.

Directors'' Responsibility Statement

In terms of and as required by the provisions of Section 217(2AA) of the Companies Act, 1956, the Directors confirm that:

a. in the preparation of annual accounts for the year ended on 31st March, 2013 the applicable accounting standards have been followed.

b. In case of any material departures from the applicable accounting standards, proper explanations have been provided.

c. appropriate accounting policies have been selected and applied consistently and have made judgments and estimates that are reasonable and prudent so as to give a true & fair view of the state of affairs of the Company as at 31st March, 2013 and that of Profit & Loss for the year ended on 31st March, 2013;

d. 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;

e. the annual accounts have been prepared on a going concern basis.

Cash Flow Statement & Consolidated Financial Accounts

The Cash Flow Statement & Consolidated Financial Statements pursuant to Clause 32 of the Listing Agreement entered into with Bombay Stock Exchange, prepared in accordance with the applicable Accounting Standards, as prescribed by the Institute of Chartered Accountants of India, is attached as enclosures to the Company''s Financial Statements.

Subsidiary Company

As per Section 212 of the Companies Act, -1956, the Company is required to attach the Balance Sheet, Profit & Loss Account along with ''the report of the Auditors and Directors thereon and Statement of the holding Company''s interest in the subsidiary. A statement of the Holding Company''s interest in the Subsidiary pursuant to Section 212 of the Companies Act, 1956, to the extent applicable has been furnished with this report.

The Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988 as regards to Conservation of Energy, Technology Absorption and Foreign Exchange Earnings & Outgoes

a. Energy Conservation & Technology Absorption: The particulars as regards conservation of energy and technology absorption are not applicable to the Company since its establishment is not covered by the Rules mode under this Section.

Particulars of Employees

No employee of the Company is covered by the provisions of Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975, as amended from time to time.

Acknowledgement

The Directors place on record their appreciation for support and co-operation received from all the stakeholders.

By the Order of the Board of Directors

For Precious Trading and Investments Limited



Ashwin N. Sheth Valtbeh N. Sheth

Director Director

Mumbai; September 5, 2013

---

Mar 31, 2011

The directors are pleased to present their 28th Annual Report to the members of the business and operations of Precious Trading & investments Limited together with the Audited Accounts for the financial year ended 31st march 2011.

Financial Highlights: (Amount in Rupees)

Particulars 31st March 2011 31st March 2011

Sales & other operational income - -

Less: Operational expenses 114,742,80 120,382,90 Profit/(Loss) Before Taxation (114,742,80) (120,382,80)

Less: Provision for Taxation - -

Current - -

Deferred (Asset)/liability 381,781,100 -

Income tax Adjustment-Previous year - 74,000,00

Profit/(LossS) for the Year (496,523,80) (194,382,90)

Earning per share Basic (2.07) (0.81)

Dividend:

In view of loss suffered by your Company during the year, the Directors express their inability to declare dividend for the year 2010-201 1.

Deposits:

During the year under review. Company has not invited or accepted nor renewed any deposits from public under the Companies (Acceptance of Deposits) Rules 1975 and that as on 31st march 2011. the comapny did not have any outstanding/ unclaimed/ overdue deposits.

Directors:

Mr.Aswin N. Sheth, Director, will retire by rotation. Mr.Ashwin N. Sheth, being eligible offers himself for reappointment. Accordingly, the board recommends his re-appointment.

Auditors:

M/s. M.B. Agrawal & Company Chartered Accountants, having from registration number 100137W. the auditors of the Company, retire at the conclusion of this Annual General meeting and eligible for re-appointment and if re-appointed their appointment will be in accordance with the provisions. if any of the Companies Act.1956.

Auditor's Report:

The Auditor's Report to the Shareholders on the Company as on 31st March 2011 does not contain any qualification. Change in Registered office: The registered office of the Company was changed to "sheth House", next to Dindoshi Fire station, Gen.A.k.Vaidya marg, Off.W.E.Highway, malad(East) Mumbai-400097.

Share Register & Transfer Agent

The Company's share registry function is being looked after by Bigshare Services Private Limited Which is a SEBI-registered Registrar & Transfer Agent. The contact details of Bigshare Services Private limited are mentioned in the Company information section of Annual Report. Investors are requested to address their queries. if any, in this regard to Bigshare Services Private Limited: however, in case of difficulties, they are welcome to contact the corporate Office of the Company.

Listing Fess:

The Company declares that its Securities are listed on the Bombay Stock Exchange and the Company confirms that it has paid Annual Listing Fees due to the Stock Exchange for the year 2010-11.

Compliance Certificate:

As required by the provisions to the Section 383A of the Companies Act, 1956 read with the Companies (Compliance Certificate) Rules,2001. a Certificate from the Secretary in Whole-time practice is appended herewith certifying that the Company has complied with all the applicable provisions of the Act,1956 has been furnished with this report.

Directors Responsibility Statement:

In terms of and as required by the provisions of Section217(2AA) of the Companies Act,1956, the Directors confirm that:

a. In the preparation of annual accounts for the year ended on 31st march 2011 the applicable accounting standards have been followed.

b. In case of any material departures from the applicable accounting standards proper explanations have been provided.

c. Appropriate accounting policies have been selected and applied consistently and have made judgements and estimates are reasonable and prudent so as to give a true & fair view of the state of affairs of the company as to 31st march 2011 and that of profit & Loss for the year ended on 31st march 2011:

d. 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 defecting fraud and other irregularities.

e. the annual accounts have been prepared on a going concern basis.

Cash Flow Statement & Consolidated Financial Accounts:

The Cash Flow Statements & Consolidated Financial Statements pursuant to Clouse 32 of the listing Agreement entered into with Bombay Stock Exchange. prepared in accordance with the applicable accounting Standards, as prescribed by the institute of Chartered Accountants of india is attached as enclosures to the Company's Financial Statements.

subsidiary Company:

As per Section 212 of the Companies Act,1956,the Company is required to attach the balance Sheet ,Profit & Loss Account along with the report of the Auditors and Directors thereon and statements of the holding Company's interest on the subsidiary.

Accordingly audited annual accounts of subsidiary of the Company Developers & Realtors(india) Limited(previously known as M/s henkel Switched limited) for the year ended march 31,2011 along with the report of the auditors and directors thereon is annexed and form part of this report. A statement of the Holding Company's Interest in the Subsidiary pursuant to section 212 of the Companies Act,1956 to the extent applicable has been furnished with this report.

The Companies (Disclosure of particulars in The Report of Board of Directors) Rules. 1988 as regards to Conservation of Energy, Technology Absorption and Foreign Exchange Earnings & Outgoes.

a. Energy Conservation & Technology Absorption: The particulars as regards conservation of energy and technology absorption are not applicable to the Company since its established is not covered by the Rules made under this Section.

b. Foreign Exchange Earnings & Outgoes: During the period under review, the Company has not earned any Foreign exchange nor earned any outflows in foreign exchange

Particulars of Employees:

No employee of the Company is covered by the provisions of Section 217(2A) of the Companies Act,1956 read with the Companies(Particulars of Employee) Rules.1975 as amended form time to time.

AKNOWLEDGEMENT:

The Director picture on record their application 1cx support and condition receive from the all Shareholders.

By The Order Of the Board of Directors

For Precious Trading and Investments Limited

Ashwin N. Sheth

Director Mumbai, September 8,2011

---

Mar 31, 2010

The directors are pleased to present their 27th Annual Report, to the members, on the business and operations of Precious Trading & investments Limited together with the Audited Accounts for the financial year ended 31st March 2010.

Financial Highlights: (Amount in Rupees)

Particulars 31st March 2010 31th March 2009

Sales & other operational income Nil Nil

Less: Operational expenses 1,20,383 10.52,77

Profit/(Loss) before Taxation (1,20.383) (1.05,277)

Less: Provision for Taxation

Current Nil Nil

Deferred (Asset) Nil Nil

Income Tax Adjustment - Previous year 74000

Profit/{Loss) for the year (1.94.383) (105.277)

Earning per share Basic (0.81) (0.44)

Dividend:

In view of loss suffered by your Company during the year, the Directors express their inability to declare dividend for the year 2009-2010.

Deposits:

During the year under review. Company has not invited or accepted nor renewed any deposits from public under the Companies (Acceptance of Deposits) Rules. 1975 and that as on 31st March 2010 the Company did not have any outstanding / unclaimed/ overdue deposits.

Director

Mr. Jitendra N. Sheth, Director, will retire by rotation. Mr. Jitendra N. Sheth. being eligible offers himself for reappointment. Accordingly, the board recommends his re-appointment.

Auditors:

M/s. M. 6. Agrawal & Company. Chartered Accountants, the auditors of the Company. retire at the conclusion of this Annual General Meeting and are eligible for re-appointment and if re-appointed, their appointment will be in accordance with the applicable provisions, if any. of the Companies Act. 1956.

Auditors Report:

The Auditors Report to the Shareholders on the Accounts of the Company as on 31st March 2010 does not contain any qualification.

Share Registrar & Transfer Agent

The Companys share registry function is being looked after by Bigshare Services Private Limited which is a SEBI-registered Registrar & Transfer Agent. The contact details of Bigshare Services Private Limited are mentioned in the Company Information section of Annual Report. Investors are requestec to address their queries, if any, in this regard, to Bigshare Services Private Limited; however, in case of difficulties, they are welcome to contact the Corporate Office of the Company.

Listing Fees:

The Company declares that its Securities are listed on the Bombay Stock Exchange, and the Company confirms that it has paid Annual Listing Fees due to the Stock Exchange for the year 2009-2010.

Compliance Certificate:

As required by the provisions of the Section 383A of the Companies Act, 1956 read with the Companies (Compliance Certificate) Rules, 2001. a Certificate from the Secretary in Whole-time Practice is appended herewith certifying that the Company has complied with all the applicable provisions of the Companies Act, 1956 has been furnished with this report.

Directors Responsibility Statement:

In terms of and as required by the provisions of Section 217(2AA) of the Companies Act, 1956, the Directors confirm that:

a. in the preparation of annual accounts for the year ended on 31st March 2010 the applicable accounting standards have been followed

b. In case of any material departures from the applicable accounting standards, proper explanations have been provided.

c. appropriate accounting policies have been selected and applied consistently and have made judgments and estimates that are reasonable and prudent so as to give a true & fair view of the state of affairs of the Company as at 31* March 2010 and that of Profit & Loss for the year ended on 31" March 2010;

d. 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;

e. the annual accounts have been prepared on a going concern basis.

Cosh Flow Statement & Consolidated Financial Accounts:

The Cash Flow Statement & Consolidated Financial Statements pursuant to Clause 32 of the Listing Agreement entered into with Bombay Stock Exchange, prepared in accordance with the applicable Accounting Standards, as prescribed by the Institute of Chartered Accountants of India, is attached as enclosures to the Companys Financial Statements.

Subsidiary Company:

As per Section 212 of the Companies Act. 1956, the Company is required to attach the Balance Sheet. Profit & Loss Account along with the report of the Auditors and Directors thereon and Statement of the holding Companys interest in the subsidiary.

Accordingly, audited annual accounts of wholly owned subsidiary of the Company, viz. M/s Sheth Developers & Realtors (India) Limited for the year ended March 31, 2010 along with the report of the auditors and directors thereon is annexed and form part of this report. A statement of the Holding Companys interest in the Subsidiary pursuant to Section 212 of the Companies Act. 1956. to the extent applicable has been furnished with this report.

The Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988 as regards to Conservation of Energy, Technology Absorption and Foreign Exchange Earnings & Outgoes:

a. Energy Conservation & Technology Absorption: The particulars as regards conservation of energy and technology absorption are not applicable to the Company since its establishment is not covered by the Rules made under this Section.

b. Foreign Exchange Earnings & Outgoes: During the period under review, the Company had not earned any foreign exchange nor incurred any outflows in Foreign Exchange.

Particulars of Employees:

No employee of the Company is covered by the provisions of Section 217(2A) of the Companies Act. 1956 read with the Companies (Particulars of Employees) Rules, 1975, as amended from time to time.

Acknowledgement:

The Directors place on record their appreciation for support and co-operation received from all the stakeholders



By the Order of the Board of Directors

For Precious Trading & Investments Limited

Ashwin N. Sheth Jitendla N. Sheth

Director Director

Mumbai; September 9. 2010

---

Mar 31, 2009

The directors are pleased to present their 26th Annual Report, to the the members, on the business and operations of Precious Trading & Investments Limited together with the Audited Accounts for the financial year ended 31st March 2009.

Financial Highlights: (Amount in Rupees)

Particulars 31st March 2009 31st March 2008

Sales & other operational income 0 0

Less: Operational expenses 105,277 75,522

Profit/(Loss) befor;e Taxation (105,277) (75,522)

Less: Provision for Taxation

Current

Deferred (Asset). - 23,337

Profit/(Loss) for the year (105,277) (52,185)

Earning per share Basic (0.44) (0.22)

Dividend:

In view of loss suffered by your Company during the year, the Directors express their inability to declare dividend for the year 2008-2009.

Deposits:

During the year under review, Company has not invited or accepted nor renewed any deposits from public under the Companies (Acceptance of Deposits) Rules, 1975 and that as on 31st March 2009, the Company did not have any outstanding / unclaimed/ overdue deposits.

Director:

Mr. Vallabh N. Sheth, Director, will retire by rotation. Mr. Vallabh N.Sheth! being eligible offers himself for reappointment. Accordingly, the board recommends his re-appointment.

Auditors:

M/s. M. B. Agrawal & Company, Chartered Accountants, the auditors of the Company, retire at the conclusion of this Annual General Meeting and are eligible for re-appointment and if reappointed, their appointment will be in accordance with the applicable provisions, if any, of the Companies Act, 1956.

Auditors Report:

The Auditors Report to the Shareholders on the Accounts of the, Company as on 31st March 2009 does not contain any qualification.

Share Registrar & Transfer Agent

The Companys share registry function is being looked after by Bigshare Services Private Limited which is a SEBI-registered Registrar & Transfer Agent. The contact details of Bigshpre Services Private Limited are mentioned in the Company Information section of Annual Report. Investors are requested to address their queries, if any, in this regard, to Bigshare Services Private Limited; however, in case of difficulties, they are welcome to contact the Corporate Office of the Company.

Listing Fees:

The Company declares that its Securities are listed on the Bombay Stock Exchange, and the Company confirms that it has paid Annual Listing Fees due to the Stock Exchange for the year 2009-2010.

Compliance Certificate:

As required by the provisions of the Section 383A of the Companies Act, 1956 read,with the Companies (Compliance Certificate) Rules, 2001, a Certificate from the Secretary in Whole-time Practice is appended herewith certifying that the Company has complied with all the applicable provisions of the Companies Act, 1956.

Directors Responsibility Statement:

In terms of and as required by the provisions of Section 217(2AA) of the Companies Act, 1956, the Directors confirm that:

a. in the preparation of annual accounts for the year ended on 31st March 2009 the applicable accounting standards have been followed

b. In case of any material departures from the applicable accounting standards, proper explanations have been provided.

c. appropriate accounting policies have been selected and applied consistently and have made judgments and estimates that are reasonable and prudent so,as to give a true & fair view of the state of affairs of the Company as at 31st March 2009 and that of Profit & Loss for the year ended on 31st March 2009;

d. 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;

e. the annual accounts have been prepared on a going concern basis.

Cash Flow Statement & Consolidated Financial Accounts:

The Cash Flow Statement & Consolidated Financial Statements pursuant to Clause 32 of the Listing Agreement entered into with Bombay Stock Exchange, prepared in accordance with the applicable Accounting Standards, as prescribed by the Institute of Chartered Accountants of India, is attached as enclosures to the C6mpanys Financial Statements.

Subsidiary Company:

As per Section 212.of the Companies Act, 1956, the Company is required to attach the Balance Sheet, Profit & Loss Account along with the report of the Auditors and Directors thereon and Statement of the holding Companys interest in the subsidiary.

Accordingly, audited annual accounts of wholly owned subsidiary of the Company, viz. M/s Henkel Switchgear Limited for the year ended March 31, 2009 along with the report of the auditors and directors thereon is annexed and form part of this report. A statement of the Holding Companys interest in the Subsidiary pursuant to Section 2,12 of the Companies

Act, 1956, to the extent applicable has been furnished with this report.

The Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988 as regards to Conservation of Energy, Technology Absorption and foreign Exchange Earnings & Outgoes:

a. Energy Conservation & Technology Absorption: The particulars as regards conservation of energy and technology absorption are not applicable to the Company since its establishment is not covered by the Rules made under this Section.

b. Foreign Exchange, Earnings & Outgoes: During the period under review, the Company had not earned any foreign exchange nor incurred any outflows in Foreign Exchange.

Particulars of Employees:

No employee of the Company is covered by the provisions of Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975, as amended from time to time.

Acknowledgement:

The Directors place ;on record their appre ciation for support and co-operation received from all the stakeholders

By the Order of the Board of Directors For Precious-Trading Investments Limited

Ashwin N.Sheth Jitendra N. Sheth Director Director

Mumbai; September 8, 2009