KUBERKAMAL INDUSTRIAL INVESTMENTS LIMITED

The Directors present to you herewith the audited accounts of the Company for its financial year ended 31st March, 2014.

The financial results are:

                                                     (Rs.In Lacs)
Financial Results                        2013-2014       2012-2013

Gross Income                                70.97           73.65

Net Profit/(Loss)                           55.31           40.09

Balance brought forward                     86.31           56.22

                                           141.62           96.31

Transfer to General Reserve                     -           10.00

Net surplus in the Statement of 
Profit & Loss                              141.62           86.31

                                           141.62           96.31

DIRECTORS:

Shri Sandeep Shriya (DIN:00027299) retires by rotation and is to be re-appointed.

AUDITORS:

Pursuant to the provisions of Section 139 of the Companies Act, 2013 and the Rules made thereunder, the current auditors of the Company, M/s Sundarlal, Desai & Kanodia, Chartered Accountants (Firm Registration No.110560W) are eligible to hold the office for a period of one year, upto2015.

The members are therefore requested to appoint M/s Sundarlal, Desai & Kanodia, Chartered Accountants as auditors for one year from the conclusion of the ensuing Annual General Meeting till the conclusion of the 34th Annual General Meeting.

CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION:

The Company is not a manufacturing company; hence the particulars relating to conservation of energy and technology absorption are not applicable.

FOREIGN EXCHANGE EARNINGS AND OUTGO:

During the year under review, there were no foreign exchange earnings and outgo.

PARTICULARS OF EMPLOYEES:

No employee of the Company was in receipt of remuneration equal to or exceeding the prescribed limits.

DIRECTORS' RESPONSIBILITY STATEMENT:

On the basis of compliance certificates received from the concerned executives of the respective Divisions of the Company and subject to disclosures in the annual accounts, as also on the basis of the discussion with the Statutory Auditors of the Company from time to time, the Directors state that:

(i) in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;

(ii) 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 or loss 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 this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities; and

(iv) the directors have prepared the annual accounts on a going concern basis.

APPRECIATION:

Your Directors appreciate the faith you have reposed in the Company and are confident that the Company can depend upon your continued support in its endeavour to grow.

Registered Office:                     0N BEHALF 0F THE B0ARD
REMIHOUSE
Plot No.11, Cama Industrial Estate,
Goregaon (East), Mumbai-400 063          (PRADEEP C. JALAN)
Dated: 14th August, 2014                      CHAIRMAN