GANGAPUR ESTATE TRADING AND INVESTMENT COMPANY PRIVATE LIMITED

DIRECTOR'S REPORT

To,
THE MEMBERS,

The Directors have pleasure in presenting the Annual Report together with the audited statement
of accounts for the year ended 31st March 2008.

1. WORKING :
The Net Loss amounted to Rs.3809/-

2. DIRECTORS :
According to provisions of Sec.255 of the Companies Act 1956 none of the Directors are
liable to retire by rotation.

3. AUDITORS :
The auditors M/s. N. Rathi & Co.Chartered Accountants retire at this Annual General
Meeting. They are eligible for reappointment and have expressed their willingness to
continue for the next year. Members are requested to appoint them and to fix their
remuneration.

4. PARTICULARS OF EMPLOYEES :
In terms of Section 217 (2A) of the Companies Act 1956, read with Companies (Particulars
of Employees) Rules 1975, we state that no employee of the company received in aggregate
salary amounting to more than Rs.2,00,000/- per month.

5. CONSERVATION OF ENERGY ETC. :

The company has nothing to report on conservation of energy, foreign exchange out go
and technology absorption as the business of the Company does not involve in it.

6. DIRECTOR’S RESPONSIBILITY STATEMENT

As required U/s. 217A(2AA) of the Companies Act, 1956 we hereby state :

a) That in the preparation of the annual accounts, the applicable accounting standards have
been followed along with proper explanation relating to material departures, if any ;

b) That the Directors have selected such accounting policies and applied them consistently
and made judgments and estimates that are resonable and prudent so as to give a true and
fair view of the Company as at 31st March, 2008 and its loss for the year ended on that
date;

c) That the Directors have taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of the Act for safegurding the
assets of the Company and for Preventing and for detecting fraud and other
irregularities.

d) That the Directors have prepared the annual accounts on a going concern
Basis.

FOR AND ON BEHALF OF THE BOARD

M. R. DHOOT
DIRECTOR

PLACE : PUNE
DATED : 05-09-2008

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