ANUKARANGOTUITUIERGIAL

ENTERPRISES'i

LI]UIITEDANNUAL REPORT 20 14.2015

{{.titI.l

BOARD OF DIRECTORS MR. KUSHAL SHAH

MR.HEMEN SHAH

MR.DUMPY GANGAR

MRS. HANSA PRAVIN SHAHREGISTERED OFFICE

Ir:

6 / 45, OLD ANAND NAGAR,

OFF. WESTERN EXPREES HIGHWAY,

SANTACRUZ (EAST),

MUMBAI - 4OO 055

NPV & ASSOCIATES

CHARTERED ACCOUNTANTS

D-WING, CHANAKYA CHSL,

MAHAVIR NAGAR, LINK ROAD,

KANDIVALT (WESI,MUMBAI _ 400067.

AXIS BANK

HDFC BANK

INDUSLND BANKREGISTRARS & SHARE TRANSFERAGENT M/S. PURVASHAREGISTRY (INDIA) PVT.

LTD.UNIT :NO. 9 SHIV SHAKTI INDUSTRIALESTATE,GOUND FLOOR,J.R. BORICHAMARG,OPP. KASTURBA HOSPITAL,

!9\MER PAREL, MUMBAT +cjo or r.TEL NO. 9 1 _022_230 767 61

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CONTENTS

PAGE NO

NOTICE OF ANNUAL GENERAL MEETING

DIRECTORS REPORT

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

REPORT ON CORPORATE GOVERANCE

DECLARATION ON COMPLIANCE OF THE COMPANY CODE OF

CONDUCT

AUDITORS CERTIFICATE ON COMPLIANCE OF CLAUSE 49

INDEPENDENT AUDITORS REPORT

BALANCE SFIEET

PROFIT & LOSS ACCOUNT

CASH FLOW ACCOUNT

PROXY AND ATTENDANCE SLIP

/

.. NOTICE OF ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN THAT THE 25TH ANNUAL GENERAL MEETING OFTHE SHAREHOLDERS OF ANUI(ARAN COMMERCIAL ENTERPRISES LIMITEDWILL BE HELD ON IIIEDNESDAY SOTH SEIYIEMBER, 2015 AT THE REGISTEREDoFFICE OF THE COMPANY AT 6145, OLD ANAND NAGAR, Orr WESTERNEXPRESS HIGHWAY, SANTACRUZ (EASTI, MUMBAI - 4OO O55 AT g.OOA.M. TOTRANSACT THE FOLLOWING BUSINESS:

ORDINARY BUSINESS:

1. To review, consider and adopt ttre Audited Balance Sheet as on March 31, 2015 andProfit and Loss account for the year ended on that date together with the Reports ofthe Board of Directors and Auditors thereon.

2. To re-appoint. Mr. Hemen Ratilal ShahCompany on retirement by rotation.

3. To re-appoint Mr. Kushal Pravin ShahCompany on retirement by rotation

(holding DIN 03425792) as Director of the

(holding DIN 00434124) as Director of the

4. To consider and if thought fit, to pass with or without modification(s), the followingresolution as Ordinar5r Resolution:

"RESOLVED THAT pursuant to Section 139 of the Companies Act, 2O13, M/s N.P.VAssociates, Chartered Accountants [Firm Registration No. 1294OBW] be and arehereby re-appointed as Auditors of the Company to hold office from the conclusion ofthe meeting until the conclusion of next Annua,l General Meeting on suchremuneration as agreed upon by the Board of Directors and the Auditors of theCompany.

Registered office: By order of the Board of Directors

6145, OId Anand Nagar For Anukaran Commercial Enterprises Limited

Off Western Express Highway,

Santacruz (Ef, Mumbai - 4OOOS5

Place: Mumbai Kushal Shah

Dated,zOT lOgt2OLS ManagingDirector

r

NOTES:

1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS ENTITLEDTO APPOINT A PROXY TO ATTEND AND VOTE ON HIS BEHALF AND SUCHPRO)ff NEED NOT BE A MEMBER.

2' THE PRoxY FoRIvIs, DULY srAMpED AND coMpLETED sHouLD RtAcH THEREGISTERTD O.FICE OT' THE COMPANY AT LEAST 48 HOURS BE.ORE THETIME FIXED FOR COMMENCEMENT OF THE MEETING.3. Members.are requested to:

n'

a) complete the attendance slip and deliver the sarne at the entrance of the meeting

_b) BringMeeting,

c) Send their questions atleastabout any further informationtheir questions satisfactorily.

10 days in advance before the Annual Generalon accounts so as to enable the Company to

their respective copies of the Annual Report at the time of attending theas an extna copy of the same will not b. p.or.id.a, "" f.. usuar practice.

Meetinganswer

4' The Register of Members and share Transfer Books shatl remain closed from 26thSeptember,2OlS to 30u, September, 201'.(both days inclusive)5' Mr' Hemen Ratila1 shah (holding DIN 0342 srg2) and Mr. Kushal pravin shah(holding DIN oo43 4124)retir.'ov r"1"tion and being eligible offer themsetves for re_appointment at the ensuing Annual General Meeting.The details pertaining to these directors as required under clause 49 (IV) (G) (i) of theListing Agreement are furnished in Annexure I to the notice. The relevant details offf::::LJ;T::J:pointment/re-appointment as Directors under rtem nos. 3 and4

6' The members of the company holding shares in physical or demat form and notregistered their e-mail address #tr, ,rr. company or iepository participant as per theGo-Green initiative to send documents and other corespond,ences through.electronicmode are requested to do so "" .

7' Members are requested to forward all application for Transfer, Demat, and arl othershare related correspondence, including intimation J"rrurr*. of address, if any, to theRegistrar'and rransfer Agents of ttre company at the fo,owing address:

I

M/s. RrnraSharegistry (India) pvt. Ltd.

Unit :AnukaranCommercial Enterprises Limited,

No. 9 Shiv Shakti Industrial Estate, Gound Floor,

J.R. BorichaMarg, Opp. Kasturba Hospital,

Lower Par.el, Mumbai 400 011.

ANNEXURE I TO THE NOTICE

As per clause 49(IV) (G) (i) of the Listing Agreement, a brief profile of the Directorsseeking re-appointment.

BRIEF RESUME OF PERSONS PROPOSED TO BE RE-APPOINTED AS DIRECTORS OFTHE COMPANY AT THE ANNUAL GENERAL MEETING:

Name,.: Hemen Ratilal Shah(retiring by rotationl

Kushal Pravin Shahlretirinp bv rotationl

Date of Birth 03/11 /7977 05/ 10/ i985Qualification Architecture B.E (EXTR)Nature of Expertise &Experience

Mr.Hemen Shah, aqualified Architecture hasgood experience product ofplanning, designing, andconstructing buildings

Mr.Kushal Shah, aqualified engineer has goodexperience in field ofconstruction He is wellversed with latesttechnolosv.

Name of other publicCompanies in which alsoholds DirectorshipName of other Companiesin. Committees of whichholds Membership IChairmanshipShareholding in AnukaranCommercial EnterprisesLtd.

7 2,08,39 s(Equity Shares)

BOARD RTPORT OF ANUI(ARAN COMMERCIAL ENTERPRISESI LIMITED

To,The &Aemhers,

Your Directogs have pieasure in submitting their Annual Report of the Company

togethor with the Rudited Statements of Accounts for the year ended 31st March'

2015.

N. FINANCIAL RESULTS

The Company's financial performance for the year und.er review along with previousyear's figures are given hereunder:

*. DIVIDEND

No Dividend was declared for the current financial year.

NR inPARTICULARS 2014-L5. 20L3,-L4

Net Sales /Income fromBusiness Operations A23.961 2.768.27Other Income t46.59 to7.20Total Income t277.371 2,875.48Less InterestProfit before Depreciation e77.sgl 19.62

Less DepreciationProfit after depreciation and Interest t4L7.sgl t9.62Less Current Income Tax 13.80 3.75Less Previous year adjustment of IncomeTax(short provision)Less Deferred TaxNet Profit after Tax r431.391 15.87Dividend (includins Interim if anv and final)Net Profit after dividend and Tax r431.391 15.87Amount transferred to General Reserve 1431.391 15.87Balance carried to Balance SheetEarninss oer share:Earninss rler share (Basic) to.22t o.ooEarninss oer Share (Diluted) to.22l o.oo

3. TRANSFER OF UNCLAIMED DIVIDEND TO INITESTOR EDUCTION AND

PROTECTION FUND

The provisions of Section 125(2\ of the Companies Act, 2OL3 do not apply as there was

no dividend declared and paid last year.

4. RESERVESNo amount has been carried by the Board to any Reserves'

1i'

S" BRTEF tsBSCRIPTSON &P g'FgE E@MPANY'S \trORKING DWRXNG ?I{EYEAR/ffi?e?E GF CmMPANY',S .&&'FAgffi"

'' Your Directors wish to present the details of Business operations done during the yearunder review:

During the year the Company had a loss Rs.(277.37) lakhs (Previous Year Rs.

2875.47L*}rs; att.r deduction of all expenses including depreciation Rs 0 (PreviousYear Rs O) and Provision for Tax Rs.13.80 lakhs (Previous Year Rs 3.75 lakhs) and theCompany has incurred a loss of Rs.(431.39) lakhs (Previous Year Rs15.87)

Barring unforeseen circumstances, your Directors are confident of achieving betterresults in the ensuing year.

6. EHANGE IN$ ?HE ffiATUTAE OF BUSTWffiffiS

There is no change in nature of Business.

?. mHry&rLS [N RESPECT OF ADffiQUASY OF IIITEffi,IIA& PlldAffi#trAf" CGNTROL$Wfi?&ff RffiPffiREMCE T& TETE PXNANCIAb STA?ffinIENTS.Ttrae Corrrparey trras taken adequate ffileasures regarding internal controi witkr reference

to financial staternent.

8. pETAILS Or SUBSIDSARY/ J@Iffi? WENTURmS/ ASS@CIATE effi MPATSIES

The Company do not have any Sulosidiary/Joint Venturres/Associate Companies.

9. PMRFffiR,M.A,NCE ABSP FTNAffiCTAL Pm$fiTgffiffi &F BACH SF THE S{JBSXDTARTES,

ASS@CIASffiS AND JGEffiT' Wffiffi?E'Rffi #ffiMP&E[Effiffi EffiC};qJMEM gN TI{EE@NS@T,IEASffiffi PgHAffi CTAL STATEilTffiffiTTlae Connpany do not have any Subsidiary/"Ioint VenturesfAssociate Cornpanies.

t&. mffiPffisxTsThe Connpany has neither accepted nor renewed any cteposits de-lring the year und,erreview.

1 I.. ffiTAtrtrTORY AUDSTORSM/s NPV& Associates, Chartered Accountants, who are Statutory Auditors of the

Company; hold office, in accordance with the provisions of the Act upto the conclusion

of the forthcoming Annual General Meeting. ihe board assessed and determined that

M/s NPV & Assoclates will be the statutory auditors for the Company' The Company

has received letters from M/s NPV& Assoiiates, Chartered Accountants to the effect

that their re4p>pointment, it would be in accordance with the provisions of section 141

of the C4mpani-es Act, 2013.

12. AUDTTORS' RMPORTAuditors R.eport is self-exptranatory and clo not call for arry explanation and

uctrarification" bv dinectors.

13. S$gARE CAPTTA,I,,

Allssue cif eqarity shares with differemtBal rigtrtsThe Cornpany has not issued any Equity Shares d.uring ttre year under review'

B$ Issue of, sweat equity sharesTheCornpaly has not issued any Sweat Equity Sbrares during the year under review.

0! Sssue of ernployee stock optiomsTiae Company has not provided any Stock Option Scheme to the emptroyees.

D! Provislon Of Momey By eom6aamy F-or Furelaase @fl Its CIrrm Shares By

ErnBloyees Gr By Trustees S"or The Bemefit @fl HmpXoyees

The eomrpany has not bought back arly of its seeurities during ttre yean under review.

14. e}&ffiffiffiRVATrON @r ENERGY, TECITNOLOGY AESORPTIGIq AND FOREIGN

ffiKCIIAS{GE EARNqINGS AE{D OUTGOConsid.ering the fact that the Company is not a Manufacturing Company, the Directorshave nothing to report pursuant the provisions of Section 13a(m) of the CompaniesAct, 2013.

16" CORPORAT& SOer.A,L m.ESP@ESSTffiXLITY {CSIA}

The Company has.not devetroped and implemented a::y Corporate Social Respollsibilityinitiatives as the said'provisions are not applicable.

T.6. DIRECTORS:A! ehanges f,m Direetors &md Kepr lVIamageria3 Fersomnel

Mr. Hemen Ratilal Shah (holding DIN 03425792\ and, Mr. Kushal Shah (holding DIN

OO434L24) as Director of the Company will retire by rotation at this Annual General

Meeting and being eligible offers themselves for reappointment.

ffi$ Declara&ion By An Endepemdent Direetor And Re- ^A,ppoiantrnemt, Ef'A'ny

Tlee Independent Directors have subrslitted their disclosures to the tsoard that theyfi"llfill. alL tlee requi.ren"rents as stipr-elated in Section 149(6) of the Cornpanies Act,2013so a$ fp quhify thennselves to he appointed as Xndependent Directors under theprovisions of the Cornpanies Act, 2013 and the relevant rules.

tr.?. IUUMBER OF"MEE?INGS OF" T"HE B6AR.M @F ffififfiECTOR.S

T'he Company had-5 Board meetings during the fin'ancial year under review.

18. Aqyffi&tr C&iWnfiITTEETlae composi.tion of Ar-edit Commi"ttee and attenda-nce of rnembers in the rneeting.

19. MMT"AII,S OF' EffiTABT,ISHffiffiTi[T @P VTffiIL NftECffiANISWI POR MERECTORS A.NDEMPLOYffiffiSAntekaran Cornnaercial F"nterprises Limrited believes in the conduct ofthe affairs of its constituents in a fair and tnansparent rnanner by adopting higheststandards of professionalisrn, honesty, integrity and ethical behavior to ensu.re that arobelst vigii rnecleanism is in place. Towards this end, the Company has formulated acode of cond.uct for eimployees through various policies. The Conapany has alsoforrrrr.elated a sepa::ate code of conduct for directors and senior rnanagermentpersonnetr".The Whistle Blcwer Folicy providing a mechanisrn to enrployee of the Company toren:ort violation of personnetr policies of the Cornpany, unethicatr behavior, Suspected oractuaf, fraud, viotration of code of conduct was already in p1ace.Fr-rnsuant to Section lV7{91 of Companies ,{ct, 2013, every listed eonepany shatlestabtrisla a vigil xrxectxaflism for directors, ernployees to report genl-line concern orgrieva-nces"

Clause 49 af Listing Agreemrent Brovides for establishment of vigil mechanism fordinectors arrd employees for ahove mentioned nnatters.The Cornpany's Whistle Blower Folicy has been reviewed and. annended in the iight ofthe requirennent of tlee eornpanies Act, 2013 and Ctrause 49 of the Listing Agreementto ensure highest standards of prof,essiogralisrm, honesty, integrity and ethical behaviorthrough robr-est vigitr mechanism.

E*Earne of the Memabee I\o. of neeetine held No. of meetings attended&dr.Henaen Shah r] 5hdn.Kushal Shah 5 E

qJ

i-O. TOMSruATE@N A[gD R.EMUNER"&TH@IS E@RffiMUE"Tffiffi

The compositi.on of Nomination and Remuneration comnaittee and

rmernhers in the meeting.

186'ihe particulars of Loans, guarantees or investments made under

Maximaa Systems Limited Rs 50 iakhs'

ER.R.&ffiGENftEffiTS

Section 186 is to

WTTH RET"A?ED

made under Section 186 is to

a corflParxy secretarY

of sub-section (3) of

attendance of

29" PART'gEEJLABS Otr CONTRACTS @R.

FARTSffiS:The particulars of Loans, guarantees or investmentsMaxiryaa Systems Limited Rs 5O lakhs'

23. ffiECRBTERTAL AUD}T MEP@RT

A Secretarial Audit R.eport given by Prasad Raghunath Baraskar'

in practice shall be in annexure - 1 vrittr the report'

M6. DIRMCEffiRS9 KMSP@T{SIEII,HTV STATBMffiTUT

Tkre Di.rectors' Responsihility staterzrent referred to in clause (c)

A+" #OMPOKAtrE &OWBR}TANCE EERTEFfrCATE

The Compli.ance certificate frorn the auditors negarding compliance of conditions of

cotporate governance as stipulated in Cna1rse 49 of the tr"isting agreement"

25" RSSK MANA&ffiME}ST POL}EY

The Cornpany does not have any Risk Managerrent Fo1icy as the elements of risk

threatening the company's existence are vely mrinirrral.

section l_34 of the cornpanies Act, 2AL3, strrall state that-(m) in the preparation of tlee annual accounts, the applicable accou3d'g standards

had been foilowed along wittr proper explanation relating to materia-l ddpartures;

(b) the directors krad selected such accounting poticies and apptried therrr consistently

and rurade judgrrients ax1d estirnates that are reasonable and prrrden't so as to give a

tn-le and fair view of the state of a-ffairs of the cornpany at the end of the fireancial year

and. of the profit'and loss of the coropany for that perioen;

(c) t1 e direc.iors had taken proper ared suffic^ient care for the neaintenance of adequate

accounting neconds in accordance with th.e pnovisions of this Act for safeguarding the

assets of gre cornpany and for preventing and detecting frar-ld and other irreguiarities;

(d) ttre directors had prep*ed the anrruaf accounts on a going concern basis; and

I\o. of meetings attended

Mr.F{emen ShahhAr.Kushal Shah

p!.. f.A1g1f'i5{JE &RS SF L&AIffS, GUAR.&NTEES SR }p11IES?p'IENTS UNDER SECTION

(e) the directogs, has traid down internal financial controns to be fotrlowed by the

company and that such internal financiatr controls ane adequate and were operating

effectively.

ffi the diiectors irad devised proper systenns to ensure compliance with' the provisions

of altr appiieabtre laws and that such systenes wer"e adequate and operating effectivety"

ffi?. ACKNOUILEDGEMENTS

Your Directors place on record. their sincere thanks to bankers, business associates'

consultants, and various Government Authorities for their continued support

extended to your Companies activities during the year und'er review' Your Directors

also acknowledges gru.t.frtty tt " shareholders for their support and confidence

reposed on your ComPanY

10

ANNEXURE .1

SECRETARIAL AUDIT REPORT

FORM NO. MR - 3

FOR THE FINANCIAL YEAR ENDED 31sr MARCH' 2015

[Pursuant tb section 2O4{l) of the Companies Act, 2Ol3 and rule No'9 of the

Compahies(Appointment and Remuneration personnel Rule, 2OI4)

To,The Members,Anukaran Commercial Enterprises Limited

I have conducted the secretarial aud"it of the Compliance of applicable statutoryprovisions and the adherence to good corporate practices by Anukaran Commercial-Enterprises Limited (hereinafter called, the Company). Secretarial Audit was

conducted in a manner that provided me a reasonable basis for evaluating the

corporate conduct/Statutory compliances and expressing my opinion thereon.

Based on my verification of Anukaran Commercial Enterprises Limited's books,

papers, minute books, form and returns filed and other records maintained by the^Co-p*y

and" also the information provided by the Company, its officers, agents andauthorizld representatives during thi conduct of Secretarial audit, I hereby report thatin my opiniori, the Company has-, during the audit period covering the Financial year

endeb March 31, 2115,-complied with the statutory provisions listed hereunder andalso that the Company has prop., Board- processes and compliance mechanism inplace to the extent, in ih" *unn"r and subject to the reporting made hereinaJter.

I have examined the books, papers, minute books, form and returns filed and otherrecords maintained by the Company for the financial year ended on March 31, 2015according to the provisions of

(1) The Companies Act, 2Ot3 (the Act) and the rules made thereunder;(2) The Securities Contracts (Regulation) Act, 1956 (SCRA) and the rules made

thereunder;(3) The Depository Act, 1996 and the Regulations and bye-laws framed thereunder;(4) Fgreign Exchange Management Act 1999 and the rules and regulations made

thereunder;(5) The following Regulation and Guid"elines prescribed under the Securities and

Exchange Board of India Act 1992 ('SEBI Act'):-a. The Securities and Exchange Board of India (Substantial Acquisition of Shares

and Takeovers) Regulations, 2011;b. The Securities and Exchange Board of India (Prohibition of Insider Trading)

Regulations, 1992;

1.1.

'- c' The Securities and Exchange Board of India ( Registration to an Issue andShare Transfer Agents) Regulation, lgg3, regarding the Companies Act anddealing with client;

6' 4s informed to me the following other Laws specifically applicable to theCompany as under:a) The Air (Prevention and contror of pollution) Act,19B 1

b) The Environment (protection) Act, 1986c) The Employees'Provident Funds and Miscellaneous provisions Act, 1952

td) Employees, State Insurance Act, 194ge) Equal Remuneration Act, 19T60 The Factories Act,1948g) The Industrial Emplo5rment (standing orders) Act,r946h) Maternity Benefit Act, 1961i) Legal Metrologz Act,2OO9j) The Pa5rment of Gratuity Act, l9Z2k) The payment of Wages Act, 1936U The Negotiable Instruments Act, 1BB1m) The water (prevention and control of porlu tion) Act r9T4n) The Sexual Harassment of Women at Workplace (Prevention, prohibition and

Redressal) Act, 2013.

. o) The professional Tax Act, 1975p) The provident Fund Act, 1952q) Pa5rrnent of Bonus Act, 1965r) The contract Labour (Regulation & Abolition) Act, r97o

I have also examined compliance with the applicable clauses of the following:

(i) secretarial standards relating to General and Board Meeting Minutes issuedby The Institute of Company Secretaries of India.(ii) The Listing Agreement entered into by the Company with Bombay StockExchange Limited (BSE) and National Stock Exchange of India Limited(NSE).

During the period under review the company has complied with the provision of theAct, Rules, Regulations, Guidelines, standards, etc. mentioned above.

In respect of other laws specifically applicable to the company, I have relied oninformation/records produced by the company during the course of my audit and thereporting is limited to that extent.

I further report that the Board of Director" or trr. company is duly constituted withProper balance of Executive Directors, Non Executive Directors and IndependentDirectors' The changes in the composition of the Board of Directors that took place

t2

during the period under review were carried out in compliance with the provisions of

the Act.

Adequate notice is given to all Directors to schedule the Board Meetings, agenda and

detailed qotes on agenda were sent at least seven days in advance, and a system exists

for seeking and obtaining further information and clarification on the agenda items

before the meeting and for meaningful participation at the meeting.

Majority decigion is carried through while the dissenting members'views are captured

and recprded as part of the minutes.

I further report that there are adequate systems and processes in the Companycommensurate with size and operations of the Company to monitor and ensure

.rcompliance with applicable laws, rules, regulations and guidelines.

I further report that there is scope to improve the systems and processes in thecompany and operations of the company to monitor and ensure compliance withapplicablB laws, rules, regulations and guidelines.

I further report that during the audit period, there were no instances of:

(il Public/Right / debentures/ sweat equity.(ii) Redemption/ buy-back of securities.(iii) Merger/ amalgamation/ reconstructionetc.(iv) Foreigntechnicalcollaborations.

For Prasad Raghunath Baraskar

Dated: 05.O9.2015Place: Mumbai

Practicing Company SecretariesC. P. No. :12854

Membership No. :- 3O4L4

13

.- MANAGEMEN? DISCUSSION AND ANALYSIS RTPORT

Members are well aware of the fact your Company is engaged into CommoditiesTrading on National Spot Exchange Limited (NSEL), due to the huge crisis faced. byNSEL. Your Company has also suffered significantly. Certain Legal action has beeninitiated. to recover Company,s fund.

REVIESI OF OPERATIONAL AND tr'INANCIAL PERT'ORMANCE:

The Audited Financial Resuits are given for the financial year ended on ilst March,2015.'[he report contains review of the operations of the Company. The Company hada loss of Rs.(277.37) (in lakhs) as against revenue of Rs 2,875.48 (in lakhs) in the lastyear and the net loss after tax recorded Rs. (431.39) (in lakhs) net profit after taxrecorded by the Company in the last year was Rs. 75,87,117. The Company incurredr total operating expenses loss of Rs. (333.76) (in iakhs) as against Rs. 2,855.g6 (inlakhs)

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company maintains a system of strict Internal Control, including suitablemonitoring procedures. The Company's internal control procedures are tailored tomatch the organization's pace of growth and increasing complexity of operations.These ensure compliance with various policies, practices and statutes. The Companyhas a proper and adequate system of internal controls to ensure that all assets aresafeguarded and protected agains.! loss from unauthorized use or disposition andthose transactions are authorized, record.ed and reported correctly.

DISCUSSION ON OPERATIONAL AND FINANCIAL PERT'ORMANCE:

Results of operations

The Audited Financial Results are given for the financial year ended on 31st March,2015. The report contains review of the operations of the company.

Revenues and operating expenses

The Company had a loss of revenue of Rs.(277.37) (in iakhs)recorded by the Company was Rs. (431.39) (in lakhs) Theoperating expenses loss of Rs. (333.76) (in lakhs)

HUMAN RESOURCE DEVELOPMENT

Anukaran Commercial Enterprises Limited telieves inemployee relationship. The Company takes steps, from timeenhance the quatity of its assets and strives to maintain it

and the net loss after taxCompany incurred total

maintaining employer-to time, to upgrade andin resporlsive form.The

L4

Company's provides congenial work environment, performance oriented work culture,kn owledge acquisition / di ssemination, creativity and respon sibility.

CAUTIONARY STATEMENT

Statement in the Management Discussion and Analysis describing the Company'sobjectives, projections, expectations, estimations are based on current businessenvironment. Readers should carefully review other information in this Annual Reportand in thg Company's periodic report. The Company undertakes no obligation toupdalg or revise any of these futuristic statements whether as a result of newinformation, future events or otherwise.These statements are based on certainassumptions and expectations of the future events that are subject to risks anduncertainties. Actual future results and trend may differ materially from historicalresults, depending on variety of factors like changes in economic conditions affectingdemand/suPPlY,' price conditions in which the Company operates, Governmentregulations, tax laws and other statutes and incidental factors.

L5

REPORT ON CORPORATE GOVERNANCE

1. COMPANY'SPHILOSOPHY

Corporate governance is the foundation on which large corporations are built'

Generally, the foundation for any system of corporate governance will be determined

by several factors, all of which help to shape the final structure of governing the

company.

2. BoAf,b oF'DIREcroRs

Composition

'hh. Co*position of the Board is in accordance with the requirements of the Corporate

Governance Cod.e of the Listing Agreement with ihe Stock Exchange' The Board of

Directors of the Company consists of combination of Executive' Non-Executive and

Independ.ent Directors. The Board of Directors along with its Committees provide

lead,ership and guidance to control the performance of the Company' As on the date of

this report, majority of the Board of Directors comprises of Non-Executive Directors'

having rich and varied experience. The Board as on date has 1 Executive Directors

arrd. 2Independent Directors. The Company has a Woman Director' The day-to-day

marlagement of the Company is conducted by the Managing Director subject to the

supervision and control of the Board of Directors. The constitution of the Board and

other relevant details relating to Directors as on 31st March, 2015 are as under:

Name DesignationandCategory

Boardmembership inotherCompanies

ChairmanshiPof Committeesin otherCompanies

MembershiP(includingChairmanshiPof Committees1n otherCompanies)

No. ofBoardMeetingsattended

Last .AGM

Attendance

Mr.KushalShah

ExecutiveDirector

6 Yes

Mr.DumpyGansar

IndependentDirector

6 No

Mr.HemenShah

Director. 6 Yes

Mr. ManojShah

ExecutiveDirector

1 1 Yes

16

Note: Mr. Manoj shah dated 3d July, 2Ol4 has resigned from the Board of the

Company.

Non-Executive Directorts Compensation and disclosure

There is no sitting fees or commission paid to Non-executive

During the year ended 31st March, 2015, the Board met 6

1 4tr, Apgus e' 2O l+, 30t' Au gUs t, 20 L4 1 2ft September, 20 14,

13ft Fdbrual.i,2OLs

/ Independent Directors'

times on 30ft MaY,2Ot4,14tr, November, 2Ol4 and

3. AUDIT COMMITTEE

'- Th. Audit Committee at the Board level, functions in the ambit of Companies Act 2013

and, the listing requirements applicable to the Company that defi'nes its composition'

authority, responsibility and reporting functions. The scope of the Audit Committee is

to reviey, from time to time, the internal control procedures, the accounting policies

and review of financial statements. The committee also recommends the appointment

of Statutory Auditor and the fixation of their fee'

Composition

Thie Aud.it Comrnittee comprises of two members'

Mr.Hemenshah , an Independent Director acts as the Chairman of the Committee'

The Audit Committee is constituted in accord'ance with the Listing Agreement and the

provisions applicable as per the Companies Act, 2013' The statutory auditors are

invited to the Audit Committee Meetings whenever required' The quorum for the Audit

Committee Meeting is two members. The composition of the Audit Committee is as

follows:

1. Mr. Hemen Shah, Chairman

2. Mr. Kushal Shah, Member

Audtt Committee Meetings and Attendance during the financial year ended 31't

March,2015

The'minutes of the meetings of the Audit Committee are placed before the Board'

During the financial year ended 31st March,2015, six Audit Committee Meetings were

held on 30tr' May, 2014, 14tt'AugUst, 2014, QOtn August, 2OI4 t4tt' Novembet, 2Ol4

and 14tH Februar5r, 2015

!7

The table hereunder gives the attendance record of the Audit Committee members'

The Statutory Auditors are invited to the Audit Committee Meetings whenever

required.

4. SHAREHOLDER'S GREIVANCE COMMITTEE

The composition of, shareholders Grievance Committee and attendance of the members

in it's meeting.

5. GENERAL BODY MEETINGS

Details of last three General Meetings are given hereunder:

Name of Member No of meetins held No of meeting attended

Mr. Hemen Shah 5 5

Mr. Kushal Shah 5 5

Name of Member No of meetine held No of meetinq attended

Mr. Hemen Shah 4 4

Mr. Kushal Shah 4 4

Year Date Venue Time

2012 29.O9.2072 6145, Old Anand Nagar, OffWestern Express HighwaY,Santacruz(E). Mumbai- 400 055

9.30 A.M

2013 26.O9.2073 6145, O1d Anand Nagar, OffWestern Express HighwaY,Santacruz(E), Mumbai- 4O0 055

B.3O A.M

2014 26.O9.2074 6145, Old Anand Nagar, OffWestern Express HighwaY,Santacruz(E). Mumbai- 400 055

8.30 A.M

EXTRA ORDINARY MEETING

Year Date Venue Time

18

20t2 10.11 .2012 6145, O1d AnandNagar, Off WesternExpress Highway,Santacruz(E),Mumbai- 400 055

9.O0 A.M

6.DISCLOSURES

Basic,,of Related Party Transactions

The Company places all the relevant details before the Audit Committee from time totime. There are no related party transactions for this financial year.

Code of Conduct

The Board of Directors has laid down a "Code of Conduct" (Code) for all the Boardmembers and their senior management personnel of the Company and this code isposted on the website of the Company. Annual Compliance declaration is obtainedfrom every person covered by the code.

Risk Management

Tha Audit Committee and the Board periodically discuss the significant business risksidentified by the Management and review the measures taken for their mitigation.

7. MEANS OF COMMUNICATION

The quarterly results of the Company are published in two newspapers in compliancewith the provisions of Clause 41 of the Listing Agreement. Generally, the same arepublished in The Free Press Journal (English language) and Navshakti (Marathilanguage). The quarterly results as well as the proceedings of Board Meeting and theAnnual General Meeting are submitted to the Bombay Stock Exchange Limitedimmediately after the conclusion of the respective meeting and sarne is displayed onCompany's website i. e. www. anukaranlimited. com

No presentations were made to the institutional investors or to analysts during theyear under review.

Shareholders' Information

(i) Date, time and venue ofAnnual General Meetingof Shareholders

30th September, 2015 -9.00 A.M

6l45,Old Anand Nagar,

Off 'Western

Expre ss highway,

19

Santacruz (East),

Mumbai - 400 055.

(ii) Financial Calendar(tentative and subject tochange).

Financial reporting for quarter ended

June 30, 2015 By August 10,2015

September 30, 2015By November 13, 20i5

December 31 , 2015By Pebruary 13, 2016

March 3l,2016By May 5,2076

AGM for year ended3l"t March , 2015

30tH September ,2OI5

(iii) Dates of book closures 26th September,2015 to 30th

September, 20 1 S(both davs inclusive)

(i") Registered Office 6145, Old Anand Nagar,

Off. Western Express highway,

Santacruz (East),

Mumbai - 400 055

Tel. No.: 97-22-6158 8919

Website : www. anukaranlimited. com

(") Listing on StockExchange & fees for 2013-1.4

The Equity Shares of the Company are listed onthe Bombay Stock Exchange Limited.

("i) Stock Exchange Code 512355, ISIN No: INE090G0102B

(viil Share Transfer System

The Shareholders Grievance committee considers and approves all physical form of

share related issues. The transfer formalities are attended to on fortnightly basis by

the Registrar and Share Transfer Agents.

(viiif Stock Market price data

Company SuSpended since Btr'January, 2OL5.tr":'

(ix| Registrar and Share Transfer Agents

PunraSharegistry (Indiaf Rrt. Ltd. Unit

ACL Projects Ltd. Unit no. 9,

Shiv Shakti Ind. Estt.

J .R. BbrichaMarg,

Lower Parel (E),Mumbai 400 011

TeL 9t-O22-23Ot6761

Email: purvashr(Emtn1.net. in

Web site : www.purvashare. com

(x) Share Transfer System

Transfer of shares in physical form are processed within a period of 15 days, (also

directed by SEBI Circular dated July 5, 2Ol2) from the date of the lodgment subject todocuments being valid and complete in all respects. There have been no instances oftransfer of share in the physical form during the financial year 2Ol4- 2OI5.

(xif Shareholding Pattern

Table given below shows the shareholding pattern of the Company

a. Dis'tribution of Shareholding as on March 31, 2015

No. of Equity Shares held Shareholders' Shares

Number % to totalshareholders

Number %o to total. ofCanital

UPTO - 5000 i rss 57.96 1705990 o.88

21,

5001 - 10,000 20t 10.06 L723884 0.89

lo.oo1 - 20.ooo t47 7.06 2200693 1.14

20,001 - 30,000 83 4.15 209t259 1.08

3O,OO1 - 4O,0O0 50 2.50 t822526 9.94

40.oouT- 50,000 39 1.95 7857467 o.96

50,001 - 1,00,oo0 120 6.O1 8838364 4.56

1.O0.0O1 and above 206 10.31 773439817 89.55

Total 1998 100.00 r93680000 100.00

b. Categories of Shareholding as on March 31, 2015

Sr.no Catesorv Shares held(No)

1 Promoters and Promoters Grouo 19671595

2 Mutual Funds & UTI

3 Banks, Financial Institutions, InsuranceCompanies, Central/ State Gov. Institutions/Non-governmental Institutions, VentureCapital

4 Foreim Institutional Investors (FIIs)

5 Private Corporate Bodies 52908361

6 Indian Public 99357236

7 Hindu Undivided Familv 27540261

B NRIs/OCBs 162547

9 Clearing Members 40000

TOTAL 193680000

Forms No of Shares % of Tota-l

Held in dematerialized forrnin CDSL

96359494 49.75

Held in deriiiiterialized formin NoSL

97145906 50.16

Phvsical form 174600 0.o90

Total 1936BOOO0 100.oo

c) Dematerialization of shares as on March 31, 2015

(xiif Outstanding GDRs/ADRs/Warrants or any Convertible Instruments,conversion date and likely impact on equity.

The Company has not issued any Global Depository Receipts/American DepositoryReceipts/Warrants or any convertible instruments.

(xiiif Address for Correspondence:

Mbnaging Director

Anukaran Commercial Enterprises Limited6145, Old Anand Nagar,Off. Western Exprees highway,Santacruz (East),Mumbai - 400 055Te1. No.: 9l-22-6158 8919Email : cs@anukaranlimited. comWebsite: www. anukaranlimited. com

(xiv) Code of Conduct

Pursuant to Clause 49 of the Listing Agreement entered in to with Bombay StockExchange, the Company has adopted code of conduct for DirectorS and SeniorManagerial Personnel. A11 the members of the Board and Senior Managerial Personnelhave affirmed compliance to the Code of Conduct as on 31st March, 2015 and adeclaration to that effect signed by the Managing Director is attached and forms a partof this Report. The code is also posted on the website of company.

23

DECLARATION ON COMPLIANCE OF THE COMPANY'S CODE OF CONDUCT

To,

AnukaranCommercial Enterprises Limited,6145, Old Anand Nagar,Off Wester4,Express highway,Santaqruz EastMumbbi-400055

The Company has framed a specific Code of Conduct for the members of the Board ofDirectors and the Senior Management Personnel of the Company pursuant to clause

49 of the Listing Agreement with Bombay Stock Exchange to further strengthencorporate governance practices of the Company.

A11 mer4bers of the Board and Senior Management Personnel of the Company have

affirmed due observance of the said code of conduct in so far as it is applicable tothem and there is no non compliance thereof during the year ended 31st March, 2015.

Place: Mumbai

Date:O7.O9.2015

sd/-

Kushal Shah

Managing Directot

24

AUDITORS' CERTIFICATE ON COMPLIANCE OF CONDITIONS OF CORPORATEGOVERNANCE AS PER CLAUSE 49 OF THE LISTING AGREEMENT WITH THE STOCKEXCHANGES

TO SHAREHOLDERS OF ANUI(ARAN COMMERCIAL ENTERPRISES LIMI.TED

We have exarnined the compliance of conditions of Corporate Governance byAnukaran Commercial Enterprises Limited, for the year ended 31st March, 2015, as

,' stipulated in Clause 49 of the Listing Agreement of the said Company with the StockExchanges. The compliance of conditions of Corporate Governance is the responsibilityof management. Our examination was limited to procedures and implementationthereof, adopted by the Company to ensure compliance with the conditions ofCorporatb Governance. It is neither an audit nor €ul. expression of opinion on thefinancial statements of the Company. In our opinion and to the best of our informationand according to the explanations given to us, we certify that the Company hascomplied with the conditions of Corporate Governance as stipulated in the abovementioned Listing Agreement.

We further state that such compliance is neither as assur€ulce as to future viability ofthe Company nor the efficiency or effectiveness with which the management hasconducted the affairs of the Company.

For NPV & Associates.

Chnrtered Accountants

Registration. No. 1 29408W

Place:- Mumbai

Date:- 30.05.2015

Suchita Gaglani(Partner)

Membership No. 138473

25

INDEPENDENT AUDITORS' REPORT

TO THE MEMBERS OF

M/S ANUI{ARAN COMMERCIAL ENTERPRISES LIMITED

Report on the financial statements

We have audited the accompanylng financial statements of M/s Anukaran CommercialEnterprises Limited ("the compurry";,*hi"h comprise the Balance Sheet as at March37,2015, the statement of prolit arrd Lo"" and Cash Flow statement for the year thenended and a summarJr of significant accounting policies ald other explanatoryinformation.

Management's Responsibility for the Financial statements

lle -Company's Board of directors is responsible for the matters stated in section134(5) of the Companies Act, 2ol3 (the iect) with respect to the preparation andpresentation of these financial statements that give a trre and fair view of the financialposition & financial performance of the compiy in accordance with the accountingprinciples generally accepted in India, including the Accounting Standards specifiedunder Section 133 of the Act, read with Rule 7 of the Companfes (Accounts) Rules,2ol4'-This responsibility also includes maintenance of adequate accounting records inaccordance with the provisions of the Act for safeguarding the assets of the Companyand for preventing and detecting frauds and -other irregularities; selection andapplication of appropriate accounting policies; making judgrients an6 estimates thatare reasonable and prudent; and design, implementation and maintenance ofadequate internal financial controls, that -were operating effectively for ensuring theaccuracy and completeness of the accounting records, reGvant to the preparation andpresentation of the financial statements that give a true and fair view and are freefrom material misstatement, whether due to rraia or error.

Auditors' Responsibility

Ou1.re9-nonsibility is to express an opinion on these financial statements based on ouraudit' We conducted our audit in accordance with the Standards on Auditing underSection 143(10) of the Act. Those standards require that we comply with ethicalrequirements and pl-an and perform the audit to obtain reasonable assurance aboutwhether the financial statements are free from material misstatements.An audit involves performing procedures to obtain audit evidence about the amountsand disclosures in the nnanciat statements. The procedures selected depend on theauditor's judgment, including the assessment of tlie risks of material misstatement ofthe financial statements, whether due to fraud or error. In making those riskassessments' the auditor considers internal control relevant to the company,s

26

preparation and fair presentation of tJle financial statements in order to design auditprocedures that are appropriate in the circumstances. An audit also includesevaluating the appropriateness of accounting policies used and reasonableness of theaccounting estimates made by management, as well as evaluating the overallpresentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion.

Opinion

In our opinion and to the best of our information and according to the e>rplanationsgiven to us, the aforesaid financial statements give the informatio"n required by the Actin the m€u:Iner so required and give a true -and fair view in conflrmity with theaccounting principles generally accepted in India:

a)In the case of Balance sheet, of the state of affairs of the company as at March31,2015;

b)In the case of statement of Profit and Loss ,of the profit for the year ended on thatdate; and

c)In the case of cash Flow statements, of the cash flows for the year ended on thatdate.

Report on Other Legal and Regulatory Requirements

I As required by the Companies (Auditors Report) Ord.er, 2oll, (the order) issuedby the Central Government of Indiain terms of sub-section (11) of section 143 of theAct, we give in the Annexure a statement on the matters specified in the paragraphs 3& 4 of the Order, to the extent applicable.

2. As required by Section 143(3) of the Act, we report that:

(a) We have sought and obtained al1 the information and explanations which to thebest of our knowledge and belief were necessary for the purposes of our audit.

(b) In our opinion, proper books of account as required by law have been.kept by thecompany so far as it appears from our examination of those books.

(c) The Balance sheet & statement of Profit and Loss dealt with by this Report are inagreement with the books of account.

(d) In our opinion, ' the aforesaid standalone financial statements comply with theAccounting Standards specified under Section 1Q3 of the Act, read with RuIe 7 of theCompanies (Accounts) Rules, 2Ol4

27

On the basis of the written representations received from the directors as on 31stMarch, 2015 taken on record by the Board of Directors, none of the directors isdisqualifred as on 31st March,2015 from being appointed as a director in terms ofSection 164 (2) of the Act.

For NPII & AssociatesChartered' Accountants

Suchita GaglaniMembership No.: 1gB4ZgFirm Registration No.: 1294OgWPlace: Mumbai.Dated: SOth May,2O15.

28

ANNEXURE TO THE INDEPENDENT AUDITOR REPORT

Annexure referred to in paragraph 7 Our Report of even date toM/S ANUI(ARAN COMMERCIAL ENTERPRISES LIMITED on thecompany for the year ended 31"t March, 2015

On the basis of such checks as we considered appropriate andinformation and explanations given to us during the course of ourthat:

the members ofaccounts of the

according to theaudit, we report

i. The Company do not have any Fixed Asset. Hence, the requirement of clause (i)of paragraph 3 of the said Order is not applicable to the Company;

ii. The nature of business of the Company d.oes not require it to have anyinventory. Hence, the requirement of clause (ii) of paragraph 3 of the said Order is notapplicable to the Company

iii. The company has granted interest free loans, secured or unsecured to/fromcompanies, firms or other parties covered in the register maintained under section 189of the Act. The outstanding amount as on 31"t March, 2015 is Rs. 50 lakhs.

iv. In our opinion and according to the information and explanations given to us,there is adequate internal control system commensurate with the size of the Companyand the nature of its business, for the purchase of fixed assets and for the sale ofservices. Further, on the basis of our examination of the books and records of theCompany and according to the information and explanations given to us, no majorweakness has not been noticed or reported.

v. The Company has not accepted any deposits from the public covered underSection 73 to 76 of the Companies Act, 2OI3

vi. As informed to us, the Central Government has not prescribed mintenance ofcost records under sub-section (1) of Section 148 of the Act

vii. (a) According to the information and explanations given to us and based on therecords of the company examined by us, the company is regular in depositing theundisputed statutory dues, including Provident Fund, , Employees'State Insurance,Income-tax, Sales-tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty and othermaterial statutory dues, as appiicable, with the appropriate authorities in India ;

29

(b) According to the information and e>rplanations given to us and based on therecords of the company examined by us, there are no dues of Income Tax, Wealth Tax,Service Tax, Sales Tax, Customs Duty and Excise Duty which have not been depositedon account of any disputes.

(c) There has not been an occasion in case of the Company during the year underreport to transfer any sums to the Investor Education and Protection F\nd. Thequestion of ieporting delay in transferring such sums does not arise.

Suchita GaglaniMembership No.: LOg4ZgFirm Registration No.: 1294OgWPlace: Mumbai.Dated: SOth May,2OLS.

viii' As at 31st March,2015, the Company has been registered for less than 5 years;hence, clause 4(x) of the Order is not ,pptic.bte to it.

i".- According to the record.s of the company examined by us and as per theinformation and explanations given to us, the company has not availed of any loansfrom any financial institution oi banks and has not issued debentures.

1' In our opinion, and according to the information and explanations given to us,lhe Cgmpany has not given any guarantee for loan taken by tthers from a bank orfinqncial institution during the year.

T In our opinion, and according to the information and explanations given to us,the company has not raised any term loans during the year.

During the course of our examination of the books and records of the company,carried in accordance with the auditing standards generally accepted in India, *. tr"u.neither come across any instance of fiaud on or Uy tfre Ctmpany noticed or reportedduring the course of our audit nor have we been inlormed of any such instance ty theManagement.

For NPV & AssociatesChartered Accountants

30

BALANCE SHEET AS AT 31ST MARCH, 2015

in Lakhs)Particulars Note No 31.03.2015 31.03.2014

I. EQUITY AND LIABILITIES

(1 ) Shareholder's Funds(a) Share Capital(b) Reserves and Surplus(c) Money received against share warrants(2) Share application money pending

allotment(!),Non-Current Liabitities(a) Long-term borrowings(b) Deferred tax tiabitities (Net)(c) Other Long term liabitities(d) Long term provisions

(4) Current Liabilities(a) Short-term borrowings(b) Trade payables

(c) Other current liabiLities(d) Short-term provisions

I l.Assets(1 ) Non-current assets(a) Fixed assets

(i) Tangibte assets(ii) lntangibte assets(iii) Capitat work-in-progress

Total

(iv) lntangibte assets under development(b) Non-current investments(c) Deferred tax assets (net)(d) Long term loans and advances(e) Other non-current assets

(2) Current assets(a) Current investments(b) lnventories(c) Trade receivabtes(d) Cash and cash equivatents(e) Short-term loans and advances(f) Other current assets

Total

3

4

5

6

7

8

9

10

11

't2

Rs

'1,936.80

(e2.15)

67.08

1 5.38

Rs

1,936.80

339.24

52.96

406.08

1.08

1,927.11 2,736.17

1,841.76

77.72

7.64

347.47

1,790.84

34.00

5A6.97

55.89

1 ,927.11 2,736.17

For NPV & ASSOC|ATES

CHARTERED ACCOUNTANTS

Firm No. : 129408W

Suchita Gagtani

Partner

Mem No. :138473 DtN:

Place : Mumbai

Dated : 30th May,2015

For ANUKAMN COMMERCIAL ENTERPRTSES LtMtTED

Director DirectorDIN:

Place : MumbaiDated : 30th May,2015

ztJI

STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31ST MARCH' 201 5(lNR in Lakhs)

31 .03.201431.03.2015

2,768.27107.20

(423.96)

146.59l. Revenue from oPerations

ll. Other lncome

lV. Expenses:

lll. Totat Revenue (l +ll)

Cost of materiats consumed

Purchase of Stock'in-Trade

Changes in inventorieiLf finished-goods, work-in-progress and Stock-

Emptoyee benefit exPense

FinanciaI costs

Deprecialion and amortization expense

Other expenses

V. Profit before exceptional and extraordinary items and tax (llt - lV)

Vl. Exceptional ltems -

Sundry Balances written offLong Term Capital Loss

Vll. Profit before extraordinary items and tax (V - Vl)

Vlll. Extraordinary ltems

lX. Profit before tax (Vll - Vlll)

X. Tax expense:

(1 ) Current tax(2) Deferred tax

Xl. Profit(Loss) from the perid from continuing operations (Vll-Vlll)

Xll. Profit/ (Loss) from discontinuing operations

Xlll. Tax expense of discounting operations

XlV. Profit/(Loss) from Discontinuing operations (Xll - Xlll)

XV. ProfiU(Loss) for the period (Xl + XIV)

XVl. Earning per equitY share:

(1 ) Basic

2,788.14

34.99

37.73

(401.0e)

33.07

34.25

333.76)

,56.39

141.09

332.89

(417.5e)

3.75

15,87

1 5.87

1 3.80

(431.3e)

(431 .3e)

For NPV & ASSOCIATES

CHARTERED ACCOUNTANTS

Firm No. : 129408W

Suchita Gagtani

Partner

Mem No. | 138473

Ptace : Mumbai

For ANUKAMN CO AIERCIAL ENTERPRISES LIMITED

Director

Place : Mumbai

DIN:

Director

72-

Particulars

CASH FLOW FROM OPEMTING ACTIVITIES:

Net Profit/(Loss) before tax & Extra-Ordinary ltems

Operating Profit before Working Capital changes

Changes in \i{l6rking Capital

Adiustments for (lncrease) / Decrease in operatinq assets:

Long Term Loans & Advances

Short term Loans & Advances

Trade Receivabtes:bther

Current Assets

Adiustments for I ncrease / (Decrease) in operatinq [iabitities:

Trade Payabtes

Other Current Liabitities

Long Term L'iabilities

Short Term Provisions

Net Changes in Working CaPital

Operating Profit after Working Capitat changes

Less: Tax Paid/Provision for tax

Net Cash from Operating Activities (A)

B. CASH FLOW FROM INVESTING ACTIVITIES:

a. lncrease in current investments

lncrease in non-current investments

c.

Net Cash from lnvesting Activities

CASH FLOW FROM FINANCING ACTIVITIES:

CASH FLOW STATEMENT FORTHE YEAR ENDED 31ST MARCH' 2015

Current Year Previous Year

3 1 .03.201 5 31 '03 ' 2014

Rs. Rs'

(417.59)

50.93

(429.26\

(378.33)

406.08

( 1 4.30)

(14._12)

177.66

19.62

(417.591 19,62

54,42

(34.79)(3.7s)

(38.s4)

(33.50)

(33.50)

36.79

20.10

Director

DIN:

Ptace : Mumbai

Dated : 30th MaY,2015

(128.87)

70.26

1,253.76

1 ,195.'l 5

(1,145.20)

0.72

3.75

a.

b.

lncrease in Share Capitat

lncrease in Seurities Premium

(B)

(c)

(0.67)

(416.921(1 3.80)

(43o.721

34.00

347.47

381.47

(49.25\

56.89

Net Cash from Financing Activities

Net Increase in Cash and Cash Equivalents

Add: Opening Cash and Cash Equivalents

Closing Cash and Cash Equivalents

For NPV & ASSOCIATES

CHARTERED ACCOUNTANTS

Firm No. : '129408W

Suchita Gagtani

Paftner

Mem No. : 138473

Ptace : Mumbai

Dated : 30th May,2015

7.64 56.89

For ANUKAMN COMMERCIAL ENTERPRISES LIMITED

DirectoiDIN:

NOTES TO THE FINANCIAL STATEMENTS

NOTE3-SHARECAPITAL

AUTHORISED CAPITAL

200,000,000 (200,000,000 Prev Yr.) Equity Shares of Re 1 i- (Re. 1 /-) each

ISSUED, SUBSCRIBED & PAID UP CAPITAL

193,680,000 (193,680,000 Prev Yr) Equity Shares of Re 1 /- (Re. 1 /-)each

NOTE 4 . RESERVES & SURPLUS

Revaluation Reserve

As per last Batance Sheet

Securities Premium Account

As per last Batance Sheet

Add on issue of shares

Less : On issue of Bonus Shares

SurplusAs per last Batance Sheet

Add /(Less): Net Profit / (Net Loss) for the year

3 1 .03.201 5

Rs

(lNR in Lakhs)

3'r.03.20'14Rs

2,000.002,000.00

i

I]

2,000.00 2,99940

1,936.80 1,936.80

1.936.80

Note:The Company has onty one ctass of equity shares having par vatue of Re. 'l /- per share.

;'Reconciliation of Number of Shares

Equity Shares

Opening balance

lssued during the year

lssued during the year - Bonus Shares

lssued during the year - Stock Sptit

Closing Balance

Details of shares held by shareholders holding more than 5% of the aggregate shares in the Company

None of the shareholders are hotding shares of more than 5 % of the aggregate shares in the Company.

1.936.80

195.-12

1 39.20

195.-12

I 39.20 l

1l

139.20 139.20

4.92

(431 .39)

(10.9s)

15.87

(426.47\ 4.92

02.151 339.24

As at 31st March, 2015 As at 31st March, 2014

No. of Shares Rs. No. of Shares Rs.

1,9_37 1,9_37 1,936.80 1,936.80

1,937 1,937 1,936.80 1,936.80

'5 L,

NOTE 5 - OTHER LONG TERA,i LIABILITIESLong Term ProvisionsProvision for taxes

Sundry Creditors for GoodsOutstanding more than a year

Shubhataksmi Polyesters Limited

NOTE6.TRADEPAYABLES

Sundry CreditorsOutstanding less than a yearRaj Rayon lndustriej Ltd

Latin Manfiartal Comrnodities private Limited

NOTE 7 - OTHER CURRENT LIABILITIESStatutory Dues

Sa[ary Payab[e

ProfessionaI Fees payabte

NOTE 8 - NON CURRENT INVESTMENTS

Trade lnvestments (valued at cost unless otherwise stated)

Other lnvestments (Unquoted shares)Airtel Maintenace & Marketing CompanyKuber Finestock private LimitedVictor lmpex Limited

NOTE 9 . LONG TERM LOANS AND ADVANCES

lnterest Free, Unsecured, considered good

To Related partyMaximaa Systems Limited

Unsecured, considered goodOthersKhettya Mercantite pvt LtdHaresh HiraiiVitas Kothari

Novastar Containers CompanyOC Specialities private LimitedRedstone Realtors

Ronak MatpaniBhaskar infrastructure pvt LtdMahavir lmpexMihir Tanna

17.93 3.81

49.15 49.15

49.15 49.15

67.O8 52.96

401.O9

4.99406.08

1.19

12.60

1 .59

0.14

0.95

1 5.38 1.08

279.12

45.00

20.00

3.35

68.3 s

347.47

s0.00

65.00

27.70

1,047.79

33.24

60.24

15.00

18.12

65.00

25.00

1,035.00

32.73

54.50

I 5.00

16.32

s0.00

71.09

20.00

1,317 ,09 1,434.64

-r5

Capital Advances

Aasman Trading Pvt Ltd

Aniruddha Buitders & Devetopers Private Limited

The abive advances are given towards purchase of property'

Other Advances

Advance Satary

Tycoon Commosate Pvt Ltd

Weatth4u Hospitatity Consuttancy Private Limited

Tax Deducted at Source - A.Y' 2015-16

Tax Deducted at Source - A.Y. 2014-1 5

NOTE 10. CURRENT INVESTMENTS

Otherslnvestment in Mutual Funds

Retiance MoneY Manager Fund

DSP Btack Rock Mutuat Fund

NOTE 11 - TMDE RECEIVABLES

Unsecured and considered good

Over Six Months

Others

NOTE 12 - cAsH & cAsH EQUIVALENTS

Batances with Banks

Cash on hand

NOTE 13 . REVENUE FROM OPEMTIONS

Traded Goods - Commodities

Traded Goods - Fabrics

Traded Goods - Fabrics - Return

NOTE 14 . OTHER INCOME

Other lncome

lnterest received on advances

Long Term profit on redemption of Mutuat Funds

NOTE 15 - PURCHASE OF STOCK. IN - TRADE

Traded Goods - Fabrics

Traded Goods - Fabrics - Return

Traded Goods - Commodities

Purchases during the Year

Add: Direct ExPenses

Total

--------ruf;r{ 1,799'8L

1 55.00

75.00 75.00

230.00 75.00

200.00

70.00

13.97

10.70

0.50

200.00

70.00

10.70

294.67 28',1.20

34.00

34.00

77.72 506.97

77.72 506.97

7.61

0.03

56.81

0.07

7.64 56.89

(423.96\

303.1 6

2,465._11

G 2,768.27

141 .86

4.77

0.25

1 06.96

146.59 107.2O

(401.09)

2,489._65

297.32

1.16

798.49

-------- ./,c]|.ogl 2,788'14

QT

:

I

NOTE 16 - EMPLOYEE BENEFITS

Sataries

Bonus.,

Staff ConveYance

Staff Wetfare

NOTE 17 - OTHER EXPENSES

ProfessionaI Fees

Audit Fees

Advertisement ExPenses

Annuat Listing fees

Other ExPenses

Marketing EXPenses

Travetling Expenses

TetePhone ExPenses

Petrol and Fue[ ExPenses

Bad Debts

Repairs & Maintenenace

Etectricity charges

Rent

Payment to Auditors

Particulars

Statutory Audit

Tax {uditOther ComPanY Matters

Service Tax

Total

For NPV & ASSOCIATES

CHARTERED ACCOUNTANTS

Firm No. : 129408W

Suchita Gagtani

PartnerMem No. : 138473

Ptace : Mumbai

Dated : 30th MaY,2015

29.90

2.50

0.67

28.72

1.60

4.090.58

33.07 34.99

1.00

1.54

1.17

1.80

10.14

1.30

4.02

7.37

3.55

2.99

2.701.68

0.741.44

1.27

0.67

10.08

5.22

e. sz

2.091.00

1.70

34.25 32.73

0.500.50

0.370.17

0.50

0.50

0.280.1 6

1.54 1.44

FOT ANUKARAN COMMERCIAL ENTERPRISES LIMITED

Director

DIN

DirectorDIN

Ptace : Mumbai

Dated : 30th MaY,2015

'j/

ATUTARAIT COMMERCIAL ENTERPRISES LIMITED

Reg. o'ce : 6 :5. o]d Anand Nagar, off Western Express Highway, Santacruz (East),

\1:-:.': -::C ;-=5'

ATTENDANCE SLIP

PLTT$flI.LTHEATTENDANCESLIPANDHANDITovERATTHEENTRANCE() TEE XIETING HALL.

I cenir]. that I afir a member / pro>.y for the member of the company' I hereby record

m\. presence at the 25tr' Annual Clneral Meeting of the Company at the registered

officeoftheCompanyat6l4l,oldAnandNagar,offWesternExpressHiglrway,Santacruz (East), Mumbai - 400 055 on wednesday 3gtrl, September' 2015 at

9.00.A.M.

Ledger Folio No.

Name

No of Shares held

Signature

I

38

ATUTAN,AIT OOUMERCIAL ENTERPRISES LIMITED

RG3 G : 5 45- OId Anand Nagar, Off Western Express Highway' Santacruz (East)'

!e;=h. - {l'F O55-

PROXY FORM

lrsrant to'section 105(6) of the Companies Act' 2Ol3 and

G-ti.s (Management and Ad'ministration) Rules' 2ol4lrule 19(3) of the

CIN

Name of the ComPanY

Registere.d Office

Name of the member(s)

Registered Address

E-rnail Id

Folio No / Client Id

I / We, being the member(s)

hereby appoint:

1.Name

Address :

E-mail Id :

Signature:

2.Name

Address :

E-mail Id :

Signature:

DP Id

of

-equity

shares of the above named company'

,or failing him

,or failing him

?,)

3-\a=e

.+dsr-

E.d,IC:SEr"rrrrt:

G q- / our pro>ry to attend, and vote (on a pol1) for me / us and on my / our behalf at

rbe 25tr, Anhual General Meeting of the Company, to be held on Wednesday

3ori,,Setritember, 2015 at 9.00 A.M. at 6145, Old Anand Nagar, Off Western Express

Highway, Santacruz (East), Mumbai - 400 055 and at any adjournment thereof inrespect of such resolutions as are mentioned in the notice.

Signed this day of 20t5

Affrx

Re1

Revenue Stamp

Signature(s) of Shareholder(s)

Signature of proxy holder(s)

Note: This form of proxy in order to be effectivedeposited at the Company's Registered Office, notcommencement of the Meeting.

should be duly completed andless than 48 hours before the

Ito

TORE,A

sotxat' of'tt&vs,?icg bt&ffi of;.tkr an*ual *u$it.}rlp$ft ta b*:f[e* arifh *k* ftsskexstfiItss.

I\xrpe sf tr:riiF-anf 4*hxsffis '#umm*rcIet Snt$rprft**

't: Annud1 Firancial I E I ", Mrr*l?. 2t) lFi.fHlfit,e+t-&E3g*q{t&d

: i "' "''-"

v