111 SHREE SHALEEN TEXl'ILES LTD. ANNUAL REPORT 2013 - 14

SHREE

SHALEEN

TEXTILES

LIMITED

ANNUAL REPORT

SHREE SHALEEN TEXTILES LTD. ANNUAL REPORT 2013 - 14

WARD OF DIRECTORS

Mr4 Ravikant Sharma

Mr. Amhmar Sabm

Mr. M a h ~ S h a

Mr. Ankur BhinBa

001, Bldg. No. 7 Oshiwara Avalon W P HSC Ltd. Oshiwara MHADA A- (W) MlrmbaWIO 104

SVA & C q m y Mmbai, Mahaashma

g A R E AGENT

Puma Shreghhy India Pvt. Ltd. 9, Shiv Shalai Indusbhl Estate, J R Boricha Mar& Lowqrnl(E) , M m ~ r u n n l l t , ~

I Index I P w N o .

Management Discussion and Analysis 8

Rcpwt on Corporate govemanoe 11

Audim's -17 I8

h f i t and Loss Amunt 25 -

Cash F l w Statement I 26

Notes to AcmmIs 27

Attendance Slip & Proxy Form 36

NOTICE NOTICE IS HEREBY GIVEN THAT ANNUAL GENERAL MEETING OF THE SHAREHOLDERS OF SHRBE SAALEEN TEXTILES LIMITED WILL BE HELD ON TUESDAY, 3Im SEPTEMBER 2014 AT 11.00 A M AT THE ~ I S ~ ~ D OFFICE AT W1, ELM;. NO. 7, AVAU)N C 6 0 P , W LTD., OSAIWARA W A D A , ANDRERI IW) MUMBAI- 400 102 @iAEURASHTRA) TO TRANSAC3 TIiE FOLLOWING BUSINESS:

ORDINARY BUSMESS;

2. To appoint a Director in p b of Mr. haadhu S h m who rstir# by rotation mi b e i e l i i l e , offa himself Ew raappointmat.

3. To regulark the A d d i t i d D i Mr Anmad Riyaz Bhati as D k m .

4. To mappint Statutory Auditors arad to fix their remumadun d in h i s regard m consider and if hought fit to pass with or withollt d i h i i o n ( s ) , thc following mltrtim ui an

=VED THAT Ms. SVA & Company, A-&, h and is hereby I+ qminted as SmtuMry Auditors of dw Ompmy to hold offie h m th uml~ion of this A n d GeneralMatingbtheeonc~mof~aext~nalGamal~on&nm~~ ~ b e f d b y t b t B o a r d 0 f ~ "

By oplderoftfiaBoard Iw S h m S h h m Texdh Lhfted

SQ. Mdhu S h m

Director DIN: 0 1833305

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SHREE SHALEEN TKITLES LTD. ANNUAL REPORT 2M3 - 14

SHREE SHALEEN m E S LTD. ANNUAL REPORT 2013 - 1 4

2, A MEMBER ENTTLED TO ATfffilD AND VOTE AT THE h4EMZMQ IS ENnTLED TO APPOWT A PROXY TO ATTEND AND VOTE INSTEAD OF W S E L F / HERSELF AM) SUCH PROXY NEED NOT BE A MEMBER OF THE COMPANY.

5. A l l m b a r s ~ q ~ t o I ~ b ~ I f a n y , i n b i r ~ ~ ~ i a d y a o the R m T m f e r @n& Purva S m India Pvt. Ltd. or to their ~ i p m s i n ~ ~ a r t h e l d i n d t p o s i ~ f o n n .

By a r d e r o f d i e ~ for Sbm Shaken TestUes Llmlted

Sd- M d h u S h

DhccIor DM: 0 1833305

Mils of Directm seeking appdntmemt I mppohLQeat at the forthmmlng Annual Geeem1 Meeting (Purseant h C l a w 49 of t4t Listing Agmcmcnb atemi imto w i B the Stack Exchnges)

Name bf the Da& of Da t t of Ex- in No. of Equity Dlrertw BMh A P P ~ M ~ ~ swk QuaIIflmtbn Shares held In hmhmal the Company

26/12/1974 08/03/2013 *OOOMW B.Com Nil shmla

ANNUAL REPORT 2M3 - 14

Your D i take pkasurc in -ring the Ann& Report and the audited accounts of the Company fortheywended 3I* March2014.

FINANCIAL lWSULTS

m p c r f ~ 0 f t h e ~ ~ o r t h c ~ i a l ~ c n d a d 3 1 * ~ a t r c h z o 1 4 ~ ~ b e l o w :

RESULTS OF OPERATIONS

~ t h e ~ y w r C o m p a n y h a s ~ i e v c d ~ m u e o f ~ 2 6 4 . 7 0 ~ a s c o ~ ~ Rg.117.69Laa in & c ~ h g ~ ~ W ~ a n d t f i e C o m p a n y h a s i w u r r w l n c r p f i t of Ra 4936 Lam i~ c m p e d to aet profit of Rs.42.63 Lacs in the cmqmnding p r w h s !id yoarm

Y ~ ~ y h r m o t ~ a n y f b r w l ~ ~ f i o m B e p u b l i c a n d I s ~ f ~ f t ~ r c q u i r e d t o Wrmish infamaim in of mtshdng dqmshs lmdtr NowBanking Financial C o q m h

bank) M o n s , 1956 and Campantes (Acoeptance of Dqalts) R u l e 1975.

BOARD OF D m C T O R S AND CHANCE IN MANAGEMENT:

the year Mls. SVA dk Company, Chartarad A m @ MWIW ww appointed as %wry Mi of the Company m fill the wcaney m u d by mipati011 of aktbg Stammy Auditom of the Compay. Ws. S a M Sod & Co., C W A o m m t a n t s , MumM, win d r e athe m i n g A m d ~ M e t t i n g . n t e C o m p a n y h d ~ o a t i * h ~ A u d i t w s t o t h s e f f b c t ~ ~ appohmm, if made would be withim ihc W W I i & d n 224 (1-B) of T~IC &mpah Ac& 1956. Yom WCS mmmmds -ent of SVA & Company, chamred Accwntan?~, Mumhi , s9 Statutory Auditors of tbt Company.

C

ENERGY CONSERVATION, TECHNOLOGY ABSORlrITOW;

Considering h e mlwe of the Business of your Company them are no particulars which arc fumishd in this report relating to cmsew&on of energy armd kdmologv absorption

SHREE SHALEEN TEXTILES LTD. ANNUAL REPORT 2013 - 14

CORPORATE GOVERNANCE:

The Company has adopted to follow the requirements of Corporate Governance as stipulated under clause 49 of h e Equity Listing Agrement of Stock Exchange and accordingly, the Report on Coprate Govtmance forms of the hmml Report.

The requisite Certificate from the Auditom of the Company Ms. SVA & Gmpany, regarding compliance with the conditions of Corpak Govemancc as slipulakd in C l m 49 is m e x e d to this Report.

DIRE.CTORSt RESPONSXBILlTY WATEMENT

F u m ~ ~ n t to the requirement d e r Section 21 7(2AA) of tht Companie Act, 1956 with rrspect to Direckm' Rwponsibility StatunenL it is haPeby confirmed:

1. W in pqmatbn of the annual accounts, the applicable accounting s t d a d s had bem followed dong with pmpa e x p i d o n rclaring to mucrhl depamnrEs;

2. that the Diiectors bad selected such n t i n g policies and appIied them mrrsismtly arPd m&c judgments and h a t - W are -k and p m h so as give a tn# a d fair view of tht siate of affairs of the Company at the cnd of the hmcial year artd of the loss of the Company fQrtheyearlrndurwiew;

3. that the D i had pwper d sufficimt are for the &tmmce of ackqwc a m - records in accordance with the provisions of the Companies Act 1956 for safeguarding the assets of the Complury and for preventing ad det&g fmd mi other ~ l a r i t i e s ;

4. that the Direcfon had prepad at mnml amounts for the yeax llndtr review, on a 'pip9 ~ ' ~ s .

POREIGN EXCEIANGE EARNINGS AND OUTCO

t

Tbe Foreign Exchange earnings and outga of the Company for year undca M e w amwntsd to Rs. Nil.

PARTICUtARS OF EMPLOYEES

T h e r e ~ n o e m p l ~ w h o s e ~ a r t q u i r c d ~ b e g i v m ~ m & a ~ w i t h t t a t ~ O C L S of Section 217(2A) of the Companies A e 1956 (h Act), d with the CompaniGs (PartiaIars of Empbps) Rules, 1975.

ACKNOWLEDGEMENTS

The B a d w i s k to placx on m c d i& a h appciation for tk a s h u m and oosptrarioa received h n Bankers, Gwemment kpwbnw& a d * Buiimss A- for their contirwed support towards tbe d u c t of @om of the C m p y effjcientty.

The Directors q m s M u to tltt shcb ldm far their cadnukg confidence in the Cocnpany. Ilhe Directors alw dmwladge he I d work 4 p w m i v e cffms put in by h e amployecs of the Company in fonrtvd Company.

For and on Wf of the Bmd of Diream

MANAGEMBNT DISCUSSION AND ANALYSIS

I

NDUSTRY mUCTURE AND DEVELOPMENTS

Indian Textile industry has m -Wing m c e in thc m m i c life of the cwney. The Mian Wile industry is e m e l y div- mrnpsing hand-spun and h a d woven sector a~ one end of UE qwnm, and capital imcmive, +isticatbd mill sector at the 0th. Decentdined p o w born I b i e r y and knitting sectbr form the lqel section of the The close linkage of the Indm to ~ c u I ~ and the a n c h cul- and traditions of th country make the Mian mti'tes sector unique in wrn- with the Wilts indw of other cwnde. This also provides the industry with &e u c y to ptoduce a variety of gducts suitable to the different marlrW w e n & both within and wtsidt the country.

7

SHREE SHALEEN TWILES LTD. ANNUAL REPORT 2013 - 14

8

-

However, during the y- 2013-14, the irdusby M a significant rtosvdown in ttxtIIes produdon dw to a mbiiation of factors such as slowdown in CI~JJMIKI, high raw material prices, piling up of stacks, ctc.

i

BUSINESS OVERVIEW

Thc Company has adequak mttmal control system d is in of funher mgtheniqg tbe exist@ intsrnal cwml systtms. l[be hancid slamneats am reviewed periodially by the management. The Company has set up an Intemd A d 1 Wl whenby deuLatims, if any, can be brought to h natice of the mmgcmm quickly and remedial actions tae initiated immsdiately.

OPPORTUNmes AND THREATS

?he Company's ability to foresee and matlgge ridw is m i a l in achieving hv&k twulfs. Whik management is positive a b u t Compmy's long tmn outlook, we ara subw to few risks and uwcrbinti~ as given below.

Busimss opportunide also bw canpetition. 'lhe Company is op-mhg in a highly cornpstitbe envhment. During the pvim year, the Company ISIS obse~yd chat; ( I ) relatively s m a k companim have been dominating thc bidding (2) competition b hreascd signifmtly in cornprim to earfier rounds of biM'hg.

Raw madtrlal

The b of Raw Material increased dtrring the ym tkrtby camiag: inacast in cost of producdon.

The timely availability of skilled and mhnical p s n a c ! is one of the key chalknges. "Ihe Company main- healthy and motiwng work envinvvnenl though various rnmmm.

FINANCIAL AND OPERATmG PEW-:

The total h a m e of the Campany for the year 2013-14 was at Rs. 264.70 lacs corn- to Rs.1.17.69 lacs d h g the previous year. Thc Company has hutred p f t t of Rs. 49.36 h cttuing the year a @UI Net Profit of Rs.42.63 for tk previous ywr. The Company exp& to ram inctsestd m m w in the new fum.

111 SHREE SHALEEN TEXI7LES LTD. GNNUAL REPORT #n3 - 14

RISK!$ INTERNAL CONTROL SYST'ElvlS AND THEIR ADEQUACY.

The Company bas adequate internal mtml procedutF commmsmte with its size and nature of bwinws. l3e Company wntinmusly upp ies these system in lint with kt practi*

A B K m TO HIRE, TRAIN AHD R E T M PEOPLE

Our Ability to hire, trah and retain p p l e wiU datmnine the ability of our company to &iew d a k d objtwivts.

CAUTIONARY STATEMENT

S m e n t s in the Mmqernent Discusion and Analysis d e s c n i i the Company's objectives, projections, estimates, ~~ m y k %ward lmking s@&mentsn wihin the meaning of applicable scarhb, laws and rsgulatbs. Actual mults mild differ matdally fmm those qmsul or implied. Impwtant facta~ that owld the Company's opwations include ~~ ~ c n t s w i t h i a t t a c ~ , d c m a n d a o d s u p p l y ~ m i n ~ i n d u s t i y , i n p u t ~ c h a n e e g in Govmunent regdadam, tax laws and othta factors such as litigation and indunid relations.

ANNUAL REPORT 2013 - 14

We have m i n o d the compliance of the conditions of Corporate Govemanct by S h Shaken T e x m Limited for thc year tndbd 3 lN Mar&, 2014, as stipuiakd in Clause 49 of the Li&ng Agmment of the said Company with the Bombay StocQc Exchmps Limited-

The compliance of mditions of Corpomts Govtmana is fhe rcsponsibiiity of the mmgcment. Ow examination u ~ a s limited to the p m d u m and implemealatbn tt#r#rf, ad& by the Campmy for errwring the compliance of thc oondithm of- hvmame. It is neither an audit m an

of opinion on the financial stabmmts of Uw hnpny .

In ow opinion ard to the best of our mfmtion and d m g to the explanations g i w to us, we certify that the Company has compliad wilh the conditbns of COrpmatc Goverrlenct as stipulaaed in the above mtid M n g Asr#merrt.

We state that such compliance is neithw an assurance as ta tbt futwe viability of he Company nor the tfficiency or effectiveness with which the manageanent has wrnductad h e affairs of b Company.

For 1Ws W A dt Comprny (Charttred Accountants)

FI1 No. 134179W

P h Mumbai Date: 30.052014

M b Ankit Toda

(-1 M. No. 145657

SUREE SHALEEN -1LES LTD. ANNUAL REPORT 2Ol3 - 14

REPORT 01Y CORPORATE GOVERNANCE FOR THE F.Y. 2013 - 14

I. COMPANY'S PHILOSOPHY:

W MFrate gov~manct is a synonym for sound management, tmmparency and disclwure, encompassing good corporate praaices, p m a h m , standards and implicit rules which propel a Company to take sound decisions, thus maximizing long-krm stakeholder value without compromising on integity, social obligations and regulmry c o m p l i m . The Company klievts that profitability must go hand in hand with a sense of responsibility towards all stakeholders.

The Company's philosophy on C-tc Govmamc finds its mts in he rich legacy of ethical governance practices. This philosophy has h sought to k strengthened through the Code of Condwi, the Whistle Blower Policy and the Code for Prevention of Insider Trading which have been adw. The Company will continue to focus its energies and m o w in crating and safeguarding of shareholders' wealth and, at the m e time, protect the interests of all its stakeholders.

The Company confirms the compliance of Carporate Goveman~e as contained in Clause 49 of h e Listing A p m e n t , thedemils of which are given M o w .

2. WARD OF DUIECIY)RS:

2.1 Cornpsition:

The Board of Directors comprise of 4 Directors, all are Non-Executive who brings in a wide range of skills and experience to the B o d . The Chaiairman is Non-Executive and the n u m b of Independent Directors is three, The composition of the Board is in conformity with Clause 49 of the Listing Agreement.

None of the Dimtors of the Company are related to each other.

During the year 6 Board Meetings were held and tfre gap between hro meeting did not exceed four monihs. The dates were: 30' May, 20 13; 14th August, 20 L 3, 14th Novemk, 20 1 3 14" Febnrary, 20 1 4,ZOttr Februmy, 20 14 and 5' Ma&, 20 14.

None of the D i r s on the Board is a Member on morc than 10 Cornmitttes and Chairman of more than 5 Committea (as specifted in C l a w 491, amws all the companies in which he is a Director. The n- disclosures regarding Committee pasitions have bsen made by the Dimtors.

The information as quired under Anmxurc IA to C l a ~ 49 is being madc avdhble to the B d .

2.2 Composition of h r d and attendance record:

h m t or Dl-

Mr Ravikm Shrma

I Ahemge hmmhipsud in phm fkeip -ice ad -25 Canpniaue at- #- Men- IO-ipa of A& Cmmime nd I Gnevm~c Commiw.

11

ANNUAL REPORT 2013 - 14

The ~ u d i t Commitlee was hd h r h g h e y&sr met ma. The Composition of the Audit CommittecisasImdff,

Mr. Madhu Shnna Mr. AN&IIIW hboo Mr, R a v b t S b a

Thc M& passess adequatt laowledge of A m t s , Audit and Financa etc. Mr. Ravllcant Shenaa is the Cbaitman of h e A d a CommitW.

n t e w ~ d ~ f e t ~ n c e d A u d i t C o m m ~ m t o r t v i e w t h s ~ d ~ & b a f o r e submission to Bawd, to review reports of dw Aradim and Inmd Audit dqmlment and ta the- in intanid controls, ifany, reported by I n W d Smutmy Awlitme&. In ddItion, the pvygg and mlc of the Audit Commithe &n as W dawn & Cl- 49 11 C & D of tht L i Apmcnt en@ with thc Stock E x c h p aad Section 292A of the Cornpanits Act, 1956.

Tht Audit Committee invite9 Wlch of d~ ex- as it considers -ate (and pmticulluty the headofhfmaaarunction)tobt~taits-.'lhtS-AudhmbinvWb &meetings.

The Remmon Committee was cmtinmd during the year. Mr. Anmhmar S a b ~ is the C h b of Ranmmtion C m m h e . The &&uth of the Commit& is as given below

Mr. A K u h m r wmo Mr. Ravikant Shamta Mr. ARLnv Bhinda

The terms of rcftrtclce of h e ' R u n m t i o a Committee' m as follows:

1) To d c t e m h on behalf of the B a d d on behalf of the Shartholdm ahe Company's policy on spacifi~ -on for b c d v c DkCm imldhg mion rim and any compensation p n t .

2) Such o*cr mattas aa may from time b time be rsquirtd by my stahitmy, contracCual or o t h e r ~ r a q u i r a n e n t s t a b e ~ t o b y s u c h o o m m i # e e .

'Ihc details of the nmmedon paid to ex- diractor arc disdosed in the related pmy ~ i r r t ) l c ~ ~ ~ t s s e e t i o n o f t h a ~ *

I)&TALS OF S M HELD;

5. SHAREHOLDERS I m R S GRIEVANCE COMMITTEE:

lb S h d ~ o t d e r s I Investon Grk- M t t c e w constituted during the year aud is comprises of following Diractors.

ANNUAL REPORT 2Ol3 - 14 111 SKREE SHALEEN T m L E S LTD.

Mi, Ankur Bhinda Mr, Anmkumar S a h Mr. Madhu S h a n ~

The terms of m€erence of the wmmimte are irkrerdla as follows:

(a). Review the w r t e submitted by tk Registrars and Slrare Transfer Agents of the Campany at half p d y intervals.

(b). Investor nlaiibns a d d r u d of dwcholders g r i m including relating to nm-tcaipa of dividend, A n n d Report, non - receipt of shares etc.

(c). Oveme the petfo- of the Registrars and Share Transfer Agents of the Company.

Mr. Ankur Bhinda is the Compliance Officer. His ad& and contact dstailp are as given below:

Address: 2.' Floor, Satwant Vilk Aarey Road, Gorcgmn (Wwt), Mumbai - 400062 Phont: 022 - 42PO 6770; Fax: 022 - 4290 6774; Email: shreesbleentcx&mAl .corn

6. ANNUAL GENERAL MEETINGS:

The &ails of date, time and bcation of Amd Gareral Meetin@ (AGM) held in previous t b c yeasareasunder:

AGM I EGM Date T h e Ver ue 31 1, K u k Compkx, V a r Desai I n d m

EGM 28/03/2014 1130am me, A n M (West), M u m h i - 400102. Mahamma

<

AGM Floor, S m t Vi114 Aarey Rod, Gagson

30mrZ013 '-'O zt). Mmb.i - 4000627 - d m

EGM 2* Floor, S&twBat Vi lk Amy R o d . W n

mm13 ll.M)am (Wat~Mumb.i-40d062,hbd1m

AGM 2d F b r , S 8 M Villa, A m y R o d , Goregton 29/09n01 330 pm (Wat), Mumbai - 400062, Mdwnshlm

EXM 16AltY1012 3.30pm zd Floor, Satwant Villa, Aarty Road, G o w n (West), Mmbai -400062, M a b d t r a

EGM 2* Fkmr, Satwant V i l k Aarq Rorad, G w

12.16'm12 330 pm (West), Mmbi - 400062, M.hsrahba

E M 2- b, S a m t Vila, Aarey Raad, G o w n

1X13n01Z 2J0 pn (West), Mmbi - 400062, Mahsuhrn

AGM 401-B Lotus House, 4' floor 33-A, New Marine 27mn01 3'00 L i n ~ , Mumhi - 400 020, Mdmmshfra

Foilowing Special Ra~Autiom vnrc passed in the Exlradini?q G a d Meeting held during he Financial year,

SHREE SHALEEN T m I L E S LTD. ANNUAL REPORT m3 - 14

I. E m Ordim y Gtaeral MQeLIug W n 0 1 4

Appointmat of MIS SVA & w y , C h t e d Amwtsnts as Auditors of the Wpny to fill dm amd vacancy d by the mignation of M/s Wish Soni & Co., Chmmd Aocwntanki.

Nocourt~vtnadMeetingswereheMdufi~the~thray~.

7. DISCLOSURES:

I . 1 These were no materially s i p h k n t r e W parry lmmclions it. bawadh of h e of marerial nature with its Promot#9, DiractoR or the hlanqmmt or thir relarives ek that wwlddctwttbtfie~dhCofilpanytx~a~hthe~ualRepwl

1.2 No panattits or strictures haw h imp& MI tbe Company by die St& Exchanges or S E B I o r m y ~ r y ~ t y o n m y m l r # w m l s t e d t o c a p M ~ ~ h e l a s t ~ Y-

13 A l l ~ o r y r a q ~ t s w p w C l r u r s e 4 9 o f t h e L I ~ ~ ~ ~ w ~ ~ l i s d with by the -y.

1.4 The Company follows Accwnting S t a d d s ispwd by nta W m t e of C h m d Accountma of India and t h o arc no sbtutmy audit qual ifbdtions m this rtg;srd.

$. MEANS OF COMMUPIICATIOW:

a), TIE m y u n d i t e d hmial results am published in Id@ Eaglmh and Vanacuk n c w p p s . Tlat half yearly report is not sant sqmkly to the S h m b k Annual Rtpwts aa mt to the sbarsholders at tbdr ngisteFad * with the cmpny.

b). The -eat Di ion end AoaIysls Report, in compliance with the requirements of Clause 49 of the Listing A m e n t is m c d to tk Di-' Rnpwt md h part of this Annual R q m king sant to all the mmhrs of fhc Company. AH matters perEaining to industry ~ a n d d e v e ~ t s , ~ t k a n d t h t e a t s ~ t / ~ w i s e p w f b ~ oualmk, risks and wnam9, intend control and ~ I I S &tc. are d M in h e said report

9. GEFlEWAL SHAREHOLDERS INFORMATIOPI: A. Annual Genm1 M d g

Dete a d Time :3@stptemk,214at 1 1 . 0 0 ~ ~

Venue : 001, Bldg No. 7, A w h Co-Op.& M., oshiwaraMhsdst, ~ ( W ) M ~ n b L $ 0 0 1 M -b)

D.W of Book Cbmm : 3Ml9/2014to2911)9/2014 Fhanetel Calendar 201415 vbnbrttve): mqm=Jb :August, 2014 scc#d quart#b ml*i : Noywllk,2014 Third qmerly rwults : F e h w y , 2014 Arm& d t s Tw h e ymr cndIng on 3 1, .03.2014 : May, a014 AImWGeneral PA* for the y a r 2014 : S-,2014

14

SHREE SHALEEN m E S LTD. ANNUAL REPORT 2DW - 14

a Listing on Stmk Exeba-:

The Company's Equity S b am listed on the BSE Limited (BSE), Phhzc Jeejetbhoy Towers,WSire~t,M~rnbai-400001.

The Company has paid Annual Listing Fees as applicable, to tht BSE for the hmcial yew 2014-15.

Swipt Codc Equity : 5055 13 1SN- EQUITY : MM03M1026

b. Market Prlee Deh: The monthly high / low marlcet p r k of the sham during the year 2013- 14 at the BSE Lirnitd is as Imder:

A

c. Rqlstrar & Sham Tnnskr Agents: Purva S-stry (Irtdia) Pvt Ltd. Unit no. 9, Shiv Shakti Ind. Estlrtc, J .R. Boricha marg, Opp. #asnrrba Hospital Lane. h w w Parel (E), Mtunbai 400 0 I 1

Tu1: 9 1-22-230 1 676 1 1 8261 ; F a : 9 1-22-230 1 25 17 E-mail: busicrnp@ml.com; Website: w w w . ~ . c o ~

d. btribution at Shareholdlug:

The distribution of slmebldbg 8s on 3 1' March, a014 is given &low:

SHREE SHALEEN TMTXL€S LTD. ANNUAL REPORT 2M3 - 14

a DemattrtatLrathn of Shares and Liqnidily:

The Company's shares are cumpuIsorily Uadd in demalerialkd form arad are a d b k for Wing on both the Depositotiss in India - National Securities Depository Ltd. (NSDL) and CmW Depository Sewices (India) Ltd. (CDSL).

RcgiPtered Offm: 001, Bldg. No. 7, Avalon b 4 p . H ~ ~ ttd.,Oshiwam Mhada, llndhwi Mmbai- 400 1 02 (Mahmshft8)

Designated exclusive email id for Investor servicing: s ~ l e e n ~ g m a i I . c o m

10. CORPORATE ETHICS

T h e C o q m y adheme to the highest $ t m & & o f ~ diCS, e a m p l b with stanrtary and I@ r c q h m m s m l c o m m i ~ t to mqxumcy in b ~ ~ . A CdeoiWtimfor Boatd M u n h and a Code of Cadact for Pmmtiun of hidtr Trading as detrriled below ha been doped pursuant to ciause 49 @) of the Listing Agmamt & the M t i e s Bt Exchange Board of In& IpmbiMtion of Insider T d i Re&* 1992 (as amu~M), mpaivt ly:

a, C& of Conduct Wr Board kzembm and Wbr Management:

~ h ~ ~ d ~ f ~ m ~ f t h e C o m p a n y b d o p t e d t h c C o d a ~ f C o I l d u c t for i~mcmhsarpdSeniw M m g m w . The Code MghlightP Cotporats G- as tbt t t # e for sustained manapmat pdomance, for miag d rbe mklddmi and fbr Miling pride of am&tioql.

b. Declaration m W g comphna of Cade at Copdud:

The Cornpany has d e d mhtianb fLMn the MFeeton as well as Senior UsnagErnent l%Fcrrtives r e g d i compliance of the Code of C o h c i &ring tht year lmdtr review.

A d6clarai6n by Mmg@ D i rffirrning c w n p l h of Boetd members and saim management pmmel to the Code is dm annexed k w i t h .

e. Cde of Codact for ~ t a ~ of Imskder Trlldhs

me Company has &pkd the Codc of Condud far Pwdw of I n s i b Trading Cbr i l Managmeat and Directors. The M e lays dawn guidelh~s mi podures to bt foliowad and d~~ to be mrsdc by dimmom, tq, lwl t x ~ ~ ~ t i w s and staff whilst dealtng In sham. The Managing Directot hm bcsn appointsd as the Compliance mcer aad b mqmsibb for mdhmcc to the We.

The Company has bbminsd r db from the Stahlaary Ad- complhm of conditions of govmmcc as scipulacd in dawe 49, which is amaed htrtwith.

AS PROVIDED UNDER CLAUSE 49 OF THE LISTING AGREEMENT, THE BOARD MEMBERS HAVE AFFIRMED COMPLIANCE WllH WE CODE OF CorcnWCT FOR THE YEAR ENDED 31.03.2814.

By order of ?he Board for S b m Shalean Textile L W

Place: M m b i

Dats: 30.05601 4

SHRKE SHALEEN TEXTILES LTD. ANNUAL REPORT 2m3 - 14

SVA Bt Company Chartered Accountants

2nd Floor, Satwant Villa, A n y l h d , Gomgaon (W), M u m b a ~ 2

~ ~ ~ W B ~ W r n R ' S R w o R T

To the M h of S h e Sbateen T-ea Limited

1. W e have audited the accompanying finandaf statements of SHREE SIZALEESV 77X7lLB m, which comprise the M a x e Shleet as at March 31, m4, and dw S t a b w n e n t d P r o f i t L b b r t h e p r W d d a n d a s u m m a r y d s ~ t ~1111~gpdieies%ndodaerarplanabory~rm~~tion.

2. Management is q b l e for the prepamtion of h financial stakmenfs that give r true and fair dew of the W psition, ftrrandal perfommm and cash flows of f h e C o m p a n y i n ~ w i t h ~ ~ t i n g S t a n ~ t e f e m d t o m s ~ (3C) of d o n 211 of Corn* Act, 1956 ("he Act") read with Cmmal C i m k 1512013 dakd 13* September 2013 of tk Midshy of Corporate Affairs in respect of Section I33 of Companlefi Act 2Il13. Th&s respwibility includes the design, imphertiation and mainbenarrw of in- control ~Ievant to the preparation and presentation of the ftnruaciaI stabemenb that give s true and fair view and are fiee from material m i s s t a k ~ ~ ~ ~ t , whether due to h u d or error.

3. O u r ~ i b i l i t y i s t o e 3 ( p ~ m ~ m o n ~ ~ s t a l e m e n t s ~ o n o u r audl t. We conducted o w audit in accord- with the Shdards on Auditing by he Mhte of Qwk& Accountants of India. Standards require t h t we comply with e M requirements and plan and perform the audit b obtafn reasonable assurance abut whether the Bnancial statements are free from material misshkement

4 An audit i n v h prf- prmxium to o h i n audit evidence a h t tk mourcts and did- in the fuunchl stakmmis. The procedwwr elected depend on the audibfs judpmt, irrludmg the weamnt of tfte risks d material misstatmmt of I h fhmdd statemenb, w h h r due to h u d or error. In m a h g t h e risk a s s e ~ ~ m t a , the auditor d e r s intend control relevant lo the Compny's preparation and fair -hiion sf tk hawial stalemenb in order in design audit pmedumi that are appptiabe in the chums-. An audit a h includes waluating the appqriethms of -unttng p o b 4 and tk m s o n a b ~ of lhe aaoudng aham made by management, as welI aa evaluating the overall pmmhtion of tk bmdal sbkmmk.

5. We b k e h e the audit evidence we have o b b h d is suEficient and appropriate to pravide a basis Ear our audit op;lidn.

6. In our o p h h and to fhe h t of our infomcadm and -ding b the explanattan8 given tousthe a c e o u n Q ~ f l n a n d a l s ~ k m e n t s @ v e f b ~ t i o n q W e d b y ~ ~ h ~ m a n n e r s o r e q u i r e d a n d g t v e a b u e a n d ~ v i e w h M n f O r m i t y ~ ~ ~ accourtting principle p r a i l y accepted £n India

fllr SVA gE Company

(ChmXedAerountanta)

mL No.: 134179W

L

w- Ankit Naresh T&

(P-1 M. No. 14!j657

SHREE SHALEEN TEXTnES LTD. ANNUAL REPORT 2M3 - 14

a. in the case of the Ekdana Sheet, of the state of affairs of the Company as at March 31,2M4;

b. in tiw m w of the Statement of frofit and Lme, of the profit for the year ended on that daw.

7. As required by the Companies (Audito~s Report) Order, 2003 ("the Order") kued by the Central Govenunent of India in krms of m M o n (4A) of e o n 227 of 4he Act, we give in the Amexure a statement on the matters specified in paragraphs 4 and 5 of the Order.

8. Asrequired b y s t i o n W(3)oflheAct,wereport that:

a) We have obtained all tb information and explanations which to the k t of our knowledge and belief were necesmy for the purpose of our audit;

b) In our qinion proper books of account as required by law have been kept by the Company so far as appears from our examination of those boob

c) The I3alance Sheet and the Statement of Profit and Zxxss dealt with by this Report are in agreement with the books of account

d ) In our opinion, the BaIance Sheet and the Statement of Profit and Lass comply with the Accounting Standards referred to in subsection (3C) of sectim 2ll d the Companies Ad, 1956 mad with General C i h 1512013 dahd 13th September 2013 of the Ministry of Corporate Affairs in respect of Section 133 of Companies Act m3.

e) On the basis of written representations m i v e d from the directors as on Mar& 31,2014, and laken on m o r d by the Board of Direcaors, none of the dinxtors is disqualified as on March 31,2014, from being appoinkd as a director in terms of clause (g) of subsection (1) of section 274 d the Cornpanis Act, 1956.

Place: Mumbai

Date : 30th May, 2M4

19

ANMXKRE TO THE AUVITORS'REPORT

@+md to in pamgntph 7 ofwr rqwrt ofam Qtc)

As r e q u i d by the Companies (Andttors Report)Omh, 2005 as amended by Cornpaaha (Am- Report) (hndment)Order, W k d by the Gntral C ; o v m n t d India in tmm of sukxdon (4A) of 227 of tk Corn@- Act, 1% and on the basis of such ch& as we considered appro*, we h&k report

A e r e g v d s F i x e d ~ 9 :

a, The company d m not have any ££xed and hence, compliance related to comprehertslve fixed aseets regiskx ht Not Applicable.

b. The Company does not have any fhd assets, therefore, h e q h o n of p h y W veMr&on of Fixed AseeEe does not axbe. Themfore discrepancies on mount of physical wdfkatiofl arise;

c. In our opinion, the company Iw not dispersed of-f a srrbsLantlaI part of B d awe& whfch a f k i the go@ concern status of the company.

AaregardshverttorIes:

a. The Inventories have boen phydcally v-ed by the mmagement at ieasonable iahmals dudq the year and at the claw of the

b. The p r d m of physical wrii?cation of inventories foIIowed by tk management as explained to us are, in our a p h h , -ble and adequak hrehtiontothesfieofiheCompmyand h n a t c t r e o f i t s b u s i ;

c. ~ t t r e ~ o d o u r ~ d o n o f ~ h v e n t o ' y r e c ~ r d s o f ~ C m p y , ~ aw uf the opinion that th Company fs maintaining p p w r e d of tts inventory. The d k q a d a notioed an physId wrific~tion &tween physical stock and book rxm& wlere not ma- in relation to operatioars of the company and the mme have b n p w 1 y d d t witfi in the tmks of accmlnto;

iii) Arcording to the idamdm and e@uwion% given to as, the company Itas g r a n t s n m d t a k e n ~ I o a n s t o ~ r e q u k d t o b t m t n t i o n s d i n t f t t ~ t o b e ~ ~ ~ s 3 0 1 o f t h e C o m p ~ e % A c t w M ~ a r e e ~ p l under:

Y

w SHREE SHALEEN TEXTILES LTD. ANNUAL REPORT 2013 - 14

20

SHREE SHALEEN TEXTILES LTD. ANNUAL REPORT ZM3 - 14

iv) In our opinion and afcordtng to the information and explmiions given to us, there are adequate inbemal control system commmsurak with the size of the Company and the nature of its business with regard to the p u r h of Inventory and fixed assets and for the aaIe of goods and services, As per the i n f o d o n giwn to us, no major weaknw~les in the inkrzaal antrole have k n identified by the management or the I n t d Audit Department of the Company during the year. Duting the of oar audit, nothing has mme to our notice that may s~ggest major w e b - in the i n k d control system.

Sr. No.

1)

2)

3)

There are no contracts or arrangements with the parties to be recorded in the register ma inh id under section 30f of the companies Act, 1956.

The company has not accepted deposits from the public. Hence the M v e s iseued by the Reserve Bank of India and the provisions of sectlorn 58A and 5 8 M or any other relevant p d s f rms of the Companies Act, 1956 and the rules framed t h e under are not applicable to the Company.

Nameof Related P W K v e r Codort Travds (I) Ltd

lawson Trading Co. M, Ltd

Sarita S harma

vii) According to the information and explanatiom given to us, we are of the opinion that the Company has an adeqmte internal audit system, commensurate with the size and nature of its buainc~~,

fl) We are informed that the Central Gbwrnment hcls not presaibed d t e n a n c e of cast m o d s under section 209 ti) (d) of tk Companies Act, 1956 for the indasby b which the Company pertdm

Name of Tramaction

b a n Received

Laan Advanced

L,uan Advanced

Opening Balance

5 , W W

1 M U

0

Addition dudng the Y a IDAMMI

0

X-mPar,

Deductia n daring ,

the year '

338,876

~NpOPOO

0

Clming B a h m

8,18,876

~~

I ~ A o o

SHREE SHALEEN TMTILES LTD. ANNUAL REPORT 2013 -14

b) (a) According to the information and explanatlorn given to us and m e d i n g to the

h k s and the records of the company emmimed by as, in ow opinion, the company is not regdm in depositing nndispatml statutory dues including provident And, in& edumon and protection fund, employees M e insurance, income tax, sales tax, wealth t a , sewice tax, customs duty, errciae duty, cess and other material etatutory dues as appbble with the appropriate authorities.

@) According to the information and q1anations given to us and the records of the Company exanrined by us, following are the undisputed dues on acmn nt of Income Tax, Tax Deducted at So- and Rbf~~~ional Tax as at March 3,2014, that has not been deposited :

I *InmTaxLiabilig hmme Tax Act, 1%1

M d m Outstanding as on -3

IWewional 4,!5?5 Tax

IncumeTax* 829AXNl

Tax mim Deducted at Source

Paid DuFLng the Year

Payable T a d but not ouman* Paid rjablI;ty during dle Yew * e57s

1 I as per the provisions of

As on 31d March 2Ol4 the a o m p q h no a-mrrlakd Iom~s and it has not hcumd any a s h loese~ jn the finaadPI year camred by the audit or in the 1mm-y --year.

xi) The company has not U e d my funds fmm fhmclal institution and b d c s during the f inadd year u n k audit. Thmhe, c l a e 4(x4 of the Cornpadm (Auditor's Report) Order 2M)3 is not appUc11bIe to the Company.

I

XU) According to the informadon and qhnadona given ko ae, the Company has granted Iuam and adv- on the basis of d t y by way of pledge of shmm, deben- mnd other -a.

) In our opinion, the Company L not a chit fun#nidhlfmuhal bed i t funwsoclieties. Therefme, clause 4(&) of the Companiw ( A c r W e Report) Order #I03 is not applicable to the Company.

(xiv) According b in fom tion and explanation given to us, the Company is not d&x or ttader in shares, securities, detm~ttuw and uther inveslrrpent. Therefore, clause 4(xiv)

22

PIace : Mumbai

Date : 31)" May, 20l4

h

for SVA dr Company

(Chartered AccomtanI%)

FR. No.: 134l79W

SHREE SHALGEN T K I T L E LTD, ANNUAL REPORT #n3 - 14

of the Companies (Auditofs Report) Order 2003 is not appliable to the Company.

(xv) According to the intom tion and explanations given b us, h e Company has not given any guarantee for loans CaZcen by others from banks or financial institutions.

(xvi) According to the information & expht ions given to us, company has not taken any term 1- during the y e w hence &use 4(xvi) of he order is not applicable.

(xvii) According to tk informadon and explanations given to us and on an o v d examination of bdance sheet of the company, we re- that no funds raised on short-term bash have been d for long-tern investment

(MI During the year, rhe Company has not made any preferential allotment of s h a m to parties and companies covered in the register maintained under =tion 301 of the Companies Act, 1956.

(xix) The Company has not issued any deben- during the period covered under audit; therefore, clause 4Ixix) of tlw Companies (Auditor's Report) Order is not applicable to the Company.

(m) The Company has not raised any m y by pubIic issues during the year; therefore, c l a w 4(xx) of the Companies (AudiWs Report) Order 2003 is not applicable to the Company.

(ni) To the k t of our knorvkdge and belief and according b the information and explamtions given to us, w e have neither come a m any instances of fraud on or by the Company, notied or reported during the year that ca- the financial statemenb to be materially misstakd.

23

w- Ankit Naresh Totla

(Partner1 M. No. 14!56!57

EQUCTY AND UA8IMWS ShaMdwo' funds

Share capital Resew and surplus

arrant Hahilttics Short-term bomdngs Trade payaMes Other current IlaMlitIes Short-term provloions

m Nonarrent ass&

Fixed assets TanglMe ass&

Nonarrent investments Lmg-term loans and advances Other non-current assm

cumt - Inventodes Trade receivables Cash and cash qufvalenB Short-term loans and advances Other cutrent assets

See acwmpanylng noPI forming part d he RnnrW I statwnenps I In te rn of wr report attached, F a r S V A l k ~ Fw and Chartered Accountants

31 Mafd~, ZM4 31 Mad, #Il3

0 pn behalf of the Board of Mreetorr I

Place : Mumbal Place : Murnbai bate : 30 May 2014 Date : 30 May 2014

Statement of ProRt and LodI for dm ~ ~ a r endd 31 Ma

krcome Revenue from operations (gross} Other Income Changes In inventories of stock-in-trade

Total revenue - Pwchsser of stock-iktrade Employee benefits expense Depredation amortkatlon expense Flnance Costs Other expenses

1-1 sxpcnws

TW rrpense: C m n t tax expense for current year

Prom for the year

Earnings per sham Basic

Sea acccrmpanylng notes fonnlng part of the ffnandal statements In terms of wr report attached. F w S V A a b (Chartered Accountants)

h 2014 I Note

For and

31 March, 2014 31 March 2013 3

on behalf Ob the Board of DIrectoa

Place : Mlrmbai Plae : Mumhi Date : 30 May 2014 Date : 30 May 2014

Wotr.

1 a

b

e

d

f

@

PPs#cuhrs C o r m lnfamathn

%we Shaleen TelttHks Umlted (The Company) k a puMk cumpany domklkd in Id la and lmmpratcd under the prwisiarrs of the CMnpanlcs Act, 1956. Its sharer we Rsted on Bombay St& Exhange of

Inda.

~ H k a n t a e a w ~ g ~ Bask of l~oountlng and prspamhn dflmdal sbtmmm

The financial statements of the Campaw have betn prepared in aemrdmce wkh the Generally Accepted AemntIng Principles in India [tndlan G W ) to comply wlth the Accounting Smdwds notified under the Compmles (Accwnt Iq Stan~ardsl Rules, 2006 (as ameded) a d the relevant prwlslons of the Companks Act, 1956. The AnmeIBI sbtcmtnts haw been prepared on ~ c r u a l ber& wder the btorlcal cost convention. The .ccwnting polides adopted in the preparation d the finandal statements rn ccmmlstent wlth those followed In the previous year.

Uoebfeotirmtor The preparation of the finamla! statemenb In mformlty whh Indlan GAGP requlres the Management to make estimates and assumptions c o n s l b d h the reported amounts of assets and IiablilW (indudlng contiqent iMtMes) and the tepwted incame and txp~ses durfng t)re year. The Mana#ment believes that the estimates used In prsparatlm of the ffnandal statemenu are prudent and reamable. Future resub could dlffer due ta these estlrnatcs and rhe differences behueen the actual rewltr and the ertlrnates are mqp~lsed in the perlads In rvhlch the results are knourrr / materialkc.

'fangblsflx%do#ets Fixed assets are carrkd at m tess accumulated depredation and Impairment losses, if any. Cast comprises the purchase prlw and any atWbutahle a t of Mnglng tb aset to its wwWw cunditlon for I t s intended use.

beprwlatblond- Depredation has been p d d e d on fie stmlgtrt-llne method as per the rates presulbed in Schedule XIV to the Cornpanla Act, 1456.

r s r v a n t h lnvtntorlw are vaued at the l w e r oi ewt and me net rdhbie value aRcr prwidhg for m n m and othrr h, where amklered necessary. Cost Incbrdes all c h a ~ e s In bringing the gods to the pdnt of sale, including octrd and other levle5, transit Insurance and receiving charges.

C # h a n d # r h a q u h r a k n t r ( f w ~ o f C s o h f h ~ Cash md cash equivalents for the a h flow statement comprises cash at bank and In hand and shorn - term lnve~tments with an wl@naI maturity of three months M kss.

Inu.9tmmtb investments, whkh are readily reatixaMc ad Intended to be held fa not m a n than me year from the balance sheet date are d&%d as current kwtstments. All ather Investments an dassifled as non- Current investments. However the canylng amwnt 1s reduced to fcognlre a decllnc, other than temmary, In the value of long-term Inwstments by a chqe to the statement of p d t and loss. mrrent Investments are stated at h r of cost w falr market value de ten lnd on IdMdual Investment basla

Notr h

I

1

k

I

m

- - itmmue-m abma!s 5Ples are nwgnkd, net of returns and trade dbcmntr, on tra- d slgnihnt rkks and rewards of ownership to the buyer, whlch gemally cainddes witll the d d k r y of goods to customers. Sales tndde ex* duty but exclude sale tax and d u e added tax, m e from s e w lncwne frwn services are reqnlzcd m and when the services are rendered. met lncmt Interest income lo accounted am awual besls. DMdend lncome Ls accounted for when h e right to receive It Is establkhed. SeynmtrepwHnl Company conrkders business segment as tb primary w e n t The Company's operatloos are pre- dominantly refates to tradlng and d l n g l y , this ir the only prbnw r m a b l e segment. C;ompany considers business segment as It$ m d a q segment. The Company's operations are pre- domInantIy within Indla arid accwdingly, this k t h only reconday r e m b k Kgment. ~ i n g s p w s ~ Basic earnings per share are computed by dlvldlng the profft (loss) attributable to equity shareholders by the weighted w e number of equity sharw wtstandirq dudlqg the petid. For the p u m of calartating &luted earnings per share, the profit / ( lo#) for the period amibutable to eqdty shanholders and the welghted a w q e number of equlty shares outstanding durlng the perlad a n adjusted for the effects of all diluted poamdal equity shares. Taxesonlncome Income-tax expenses (current and deferred) Is m e d In accordance with Actxwnttng Standard 22 - b u n t i n g for taxes on Income Issued by the Institute of Gamed Acmuntants of Indra. Current tax Is determined w h e mount of tax In rcEpect of taxable Income for the year. Deferred tax Is reqnked, subject to the consideratlm 01 prudence on timi- dlffermce, belng the dlfferenm between the taxable Income and amounting Income that orlglnates in one m o d and are capable of reversal In one or more subsequent yean Deferred tax assets and lobllW are measured ustng the tax r a m and tax laws that haw been in force

for the year. Such wts and I l aMHk are rwlewed at each Balaitce Sheet date.

Pmkloruandcondngandos A provlslon k recognkd when the Company has a present obngatkn as a result of past events and it is probaMe that an outflow of resouroes 41 be requlred to settle the obligation in respect of which a renal& estimate can bs made. Prwtsions (excluding retirement benefits) are not discounted to thek present d u e and are d e m l n e d baKd oa the k t estimate requlred to settle the obllgatlm at the Balance Sheet date. mese are r-ed at each Balance Sheet date and adjusted to reflect the current best estimates. Contingent Eabllities are d l s c l d In tile Nates.

~ ~ ~ n a a s Share issue expenses and redemptbn premium arc adjusted wrist the h r l t l e s Premium &ant ss permldble under Seetlon 78(2) d the Companies Act, 1956, to the extent balance Is avallabie fw utllIsadon In the Securltk Pfemlurn Acewnt. The balance of hare issue expenses is arried as an asset and is amortlsed ww a perid of 5 years from the date of the Issue of shares

Sm€ESHALTCN m l E S mmD Nams fodw part ol the flrtamW &temmB

The recondliatlon of the number of shares outstanding and the amount of share capltal as at March 31.20l4 and Mar& 31,20l3 Is set out bdm:

83,175,000 166,350,ooo

~ a t l a r s &at31 A# i t 31 Morsh,2014 Md?, ZM3

2 She a p b l (a) Authortsed lm,m,rwn, (~w,ooo,WO) Equity shares of Rs. 8- (Rs. 101-1 eaeh with mpotlng

Mts

(b) Isured, Subscribed and fully paid up 83,175,m (83,175,000) Equity share of Rs. U- (Rs. 1q-l each with votJng

Totll

Malls of $hares held by each shareholder hoMlng mare than 5% shares: I

Mamu of #tareholdas AS st 31 Mareh, ZO14 ,As at 31 Mar&, 2013

The Company has onty me dass of shares referfed t6 as equity shares having a par value NRs. 2/-. Ea& Mhdder of equlty shares Is enfitled to one vote per share.

200,000,000

166,35O,OOO

166'350,000

Wm.ofhu# %hstd Mo.bfSI#-

Sarvd-qa lmpex P ltd -2% WumbcrotrhaFesatth~d 6,740,000 8.1091 9 s

Psttlcukrr

3 : R s m a s m d r u ~ (a) !jecurltles premium account

Openlng balance Add : Premium on issue of equity shares by the m p a n y LSS : Ut l l ld dud% the year far:

ksulng h u s h r e s W i n g balam

(b) Surplus / (Denclt) in Statement of Proflt and Losr Opening baiance Add: Profit / (Lors) for the year Cers : U t f l i d during the year for:

Issuing bonus sham Clash# balance

Taad LY

2W,OM,OMl

166,350,OW

1663WJW

KheW

1 l . S

&It 3Z Mar&, 2014

4,702300 0

0 4,70Uoo

5355,WI 4,936,061

- 10,=20atr

~ i o , O s s , W

AS M 31 Mareh, a13

92,625,060 4,702$M

-92,625poO 4,7Ot$OQ

36,717,792 4,263,168

-35,625,000 WsS,SSa

SHREE SHALEEH TD(TILES UMlTfO N o ~ d fomdng pae of the Rrrend.1 sMmmm#

Padmilam

4 : Short-term borrowlngr Loans rtpPyable on demand- U-rd

From Others From r b t e d Parties

Urtsecured

5 :Tradepayable Others

6 : currant IIabMWs A h n c e from Customers ApplicatiodCaII Money m d v d due for refund Outstanding Expenses

Asst31 Msrdr,U)14

7,260,816

818,876 -692-5

43,926,622 43,9Z6#U

- -

h a t 3 1 IYlareh.Bl3

10,644,35

s w m

3Q#&,iI)l 3Q#S,lOl

3,179,950 - Profdon tax Tax deducted at mutee

7:ShortTmmWMms Provlrrlon for current tax

9 ; Nonarrrsnt I m m e n t s Thde ImPastmants (Valued at Cost unleos 0th- -4)- Quatad

56900 (56906) Equlty Sham of Adds and Chemids ltd (Fully paid-up) 1000C)S1 Equity Shares of Ardelk Finandal Servlces P Ltd (Partly paldup)

42500 Equity Sham of Ardells Tdlng P Ltd (Partly pdd-up) 6700 (6'WO) Equiw Shares of lDBt (Pam paFcf-up) iSO (150) Equlty Shares of 8anwara Fabria Ltd (Fully +up)

Total IJo- inwmnents

Less: Provlshn for drmtnutim In value of Invcstmenb

10:tM1gTmLoaw&Advacls (Unsecured, CMIsldered Good)

h n s , advances and OeposltP to Related Parties Inter Corporate Loans, Advan= & Deposlts Others

2693 t 182 139,755,466 166,686,-

16,518,978 '10,r00.000

132,613,l3& 159,832,116

C

Notes fo* part of the fbmkal Haternen&

Particulars '

1 1 : O t h e r N ~ t ~ Unamwtlsed Expenses

Share hue expenses

12 : L m t a n t ~

(as taken, valued & adtied by the Management) RnkM G o d s (at bwcr of cost or net reallxabk value)

13:Tmderedvabies (Unsearrsd, c o d d w e d good unless ot hwwlse stated)

Outstanding for a period d l n g six months Others

Balances wlth bank In current a m n t r

15 : !ihm-tarm loans and ocfv- incame tax payments & TM Loans, Advances and Deposits to W a d Rrtlts Inter Carpwate Loans, A d v s m Depasb Laans 8 Advanow to mppUers Ih Othm Mher Advanas & Balames -

f6-: U t h e U m n t hmts Unamwtioed

Share ksue ex-

h a t 3 1 m&,2014

722,186 ~~

AsM31 Mwch,20l3

/w,280 lAa3,tso

v 223368 2253M

29,s 15,506 2,086,851

3-357

296,055

a

1,602,225 1s5,536 3,547,761

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Computer Furniture & Fmures

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SHREE SHALEEN m L E S LTD. ANNUAL R E ~ R T 2013 - 14

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