AURO SUNDRAM PLY & DOOR PRIVATE LIMITEDll. O. - I(hasra No. 217, 356,357,360,36L, Raipur Industrial Area,

Gagalhe ri Road, Bhagwanrpur, Roork ee-? 47 661 [UK)CIN No.:U2 02 1 1ttR2 0 05PT C032621

Ph N o.0 1 3 32 -2320 +9, E-mail : auro-sundram@ rediffmail.com

DIBECTOR',S REPORT

T'O,

T'IIIi MI]MBI.:FI.S,AURO STJNDRAM PI,Y & DOOR PRIVATE LIMITEI)

Your l)irectors have pleasure in presenting their ,Annual Report on the business and operation of theConrpany and the Audited Statement of Accounts for the financial year ended March 31,201.9.

FINANCIAT, STJMMARY OR IIIGHLIGHTS/ PERFORMIANCE OF THE COMPANY

'Ihc finanr:ial rr-'sults for the year ended 31st March, 11019 and the corresponding figures for the lastyear areits trrtclr:r:-

In Ru

BRTHF' DESCRIPTION OF THlt COMPANY',S WORKING DURING THE YEAR/ STATE OF COMPANY'S AFFATR

1'lrc 0onrpany is prirnarily engaged in manufacturing and sale of Plywood, Door, Block Board, flush Door,Vcn e:cl r:lc. '['hc conlpany occurred Profit after tax during the year of Rs.3,04,74,502 /- as against the net profitoi l<s,6, 04,8'2,91,2 l- in thc previous year. The Directors expectbetter result in the nextyear.

DIVIDNNT)

No clivided has been recommended by the board in this Financial Year, as company is intended in investing itsi L,sourcc in cnliancing its production capacity as well as in technology up gradation.

I.IS'TING

Sct:rrritir:s of the company are not listed on any recognized stock exchange as per Companies Act,2013.

Particulars

Financial Yeai errdeii3l-st March 20L9

F,iha n ci al Y:Eaf '€,n d

3l-st March 201,8

[Amount in Rs) [Amount in Rs)

C ross lnco mc L,022,201.,7 6,3.45 97 4,992,739.00l',xnerrses 94r.072.41,4.42 853,278.487.00Profit Before Interest and Depreciatiorr 8L.t29,349.03 121.714.252.00Iiinancc Charses 1,7,210,7 4.9.07 14,039,355.00I)coreciation 18,485,0i'0.00 17,191,985.00Nct Profit Before Tax 45,433,529.96 90,482,912.00(.u rre nt '['ax

1" 5,03 3,3 s;2.11 30,000,000.00I)r'evious ve ar adiustment of Income-T'ax (7 4.32,+.51)Nct Profit After Tax 30,474,502.35 60,482,912.OOlialnirrgs per Share (Basic) 3i0.47 60.48

liarnings per Share [DilutedJ 3i0.47 60.48

Partictl4rnings.

ouie; -

a) Raw M

bJCapitatc) Stores r

ii ftthor

DEPOSITS

During the period under review, the Company has not accepted any deposits under Section 73 read withCompanies [acceptance of Deposit) rules, 2014 from the public.

CONSERVATION OF ENERGY, TECHNOLOGYABSORPTION AND FOREIGN EXCHANGE OUTGO:

(A) Conservation ofenergy: - NotApplicable -

(il The steps taken or impact on conservation of energy;

tii) The steps taken by the company for utilizing alternate sources of energy;

IiiiJ The capital investment on energy conservation equipments;

[B) Technology absorption: - Not Applicable -

f i) 'l'hc cfiorts made towards technology absorption;

Company has been constantly active in harnessing and tapping the latest and best technology inthe industry.

(ii) The benefits derived like product improvement, cost reduction, product development or importsubstitution;

Iiii] In case of imported technology (imported during the last three years reckoned from the beginningof the financial yearJ-

Ia] The details of technology imported;(bl The year of import;[c) Whether the technology been fully absorbed;(dl lf not fully absorbed, areas where absorption has not taken place, and the reasons thereof; and

Iiv) The expenditure incurred on Research and Development.

Since the Company does not own any manufacturing facility, the other particulars relating to conservation

of cnergy and technology absorption stipulated in the Companies (Accounts) Rules, 2014 are not applicable.

[C] F'oreign Exchange Earnings and Outgo (In Rs.):

ulars 20La - L9 20L7 - t8NIL NIL

Materialal Goodsrs and Spare Parts 293671/

PARTICULARS OF LOANS OR INVESTMENTS:

Thc company has not given any loans or investment covered under the provisions of section 186 of theCompanies Act,201.3.

INTF:RNAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The Crtrrpany has an Internal Control System, commensurate with the size, scale and complexity of itsoperarions. 'the scope and authority of the lnternalAudit (lA) function is defined in the Financial Regulations

of thc Courpany, 'lo maintain its objectivity and independence, the Internal Audit function reports to the

Chairman ol'the Board

DIRECTORS AND KEY MANAGERIAL PERSONNEL

1'he Iloald of your Company is constituted by eminent experienced Directors. Present Directors of your

Cortrnanv are:

NAME OF DIRECTOR

I .' MAN Gi LATAI I'(D I RECro R)

2. ANIL KUMAR CHOUDHARY [DIRECTOR3. AjAY BAT.DAWA (DIRECTOR)4. PREM KUMAR BHAJANKA [DIRECTOR)5. ASH0K KUMAR CH0UDHARY [DIRECTORJ6. SUNITA DEVI CHOWDHARY [DIRECTORJ

No Chanee has been seen in board ofDirectors.

MEETINGS OF THE tsOARD

Fligh t (SJ meeling ofthe Board of Director were held during the year. Details of the same are as follows:

t |i"-l-

l,-J -:. -io J,_5

6J'/

B

Date Board Strength No. of Director present

16/04/20t8 6 .l

IJ 05 /2018 6 5

27 7 /20t8 6 4

26 09 /201.8 6 J

10 I | /201.8 6 5

28/1,2/201.8 6 4

2L /01 /20L9 64T1., 03/2019 6 4

The intervening gap between the Meetings was within the period prescribed under the Companies Act,

201.3.

RESHRVES:

Boald propclses no amount to transfer to the reserves and amount of Rs.3,04,74,502/- is proposed to be

lctairrcd in surplus.

REI.ATED PARTY TRANSACTIONS:

AII reiated party transactions that were entered into during the financial year were on arm's Iengthbasis and were in the ordinary course of the business. There are no materially significant related party

transactions made by the company with Promoters, Key Managerial Personnel or other designatedporsons which may have potential conflict with interest of the company at large.

I'irc rletails of the related party transactions in Form AOC-2 are enclosed as "Annexure A"'.

APPOI NTMENT OF STATUTORY AUDITORS

At the Annual General Meeting held on 30th September, 2015, M/s. PIYUSH KUCHHAL & ASSOCIATES,

Chartered Accountants (with Firm Registration number 011991C) were appointed as Statutory Auditors ofthe Cornpany to hold Office till the conclusion of the sixth Annual General Meeting to be held in the financialyear 2020, further appointment of the auditor shall be placed for ratification at every Annual General Meeting

b1' the shareholders. ln this regard. the company has received a certificate from the auditors to the effect thati1'thcrr: appointtnerrt will be ratify, it would be in accordance with the provisions of section 141- of the(,onrnanies Act,2013.

They have confirmed their eligibility to the effect that their ratification/reappointment if made would bevrithin the prescribed limits under the Act and that they are not disqualified for reappointment.

'fhe Notes of Accounts referred to in the Auditor's Report are self-explanatory and therefore do not call forany fLtfthcr comments.'fhe Auditor's report does not contain any qualification, reservation or adverse

lc nr a i'l<.

STATTITORY AUDITOR'S REPORT

For clualifications, reservations or adverse remarks made by the statutory auditors please refer theiraudit report. Notes to Accounts and Auditors' remarks in their report are self-explanatory and do notcall firr any futr,rre comments.

EXTMCT OF ANNUAL RETURN

Prrrsuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management andAdnrinistrationJ Rules, 201,4, an extract of annual return in MGT 9 is enclosed here with in Annexure B to thisreport.

RISK MANAGEMENT POLICY:

Purstrant to section 134 (3J (n) of the Companies Act, 20L3, the Company has framed a risk managementpolicy lo identify, assess, monitor and mitigate various risks to key business objectives. At present theCompany has not identified any element of risk which may threaten the existence of the Company.

CORPORATE SOCIAL RESPONSIBILITY INITIATIVES

"Corpolate Social Responsibility" (CSRI, pursuant to Section 135 of the Companies Act, 20L3 and Governanceregulaflons there to have been complied by your company.

SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS

During the year no significant and material orders passed by the regulators or courts or tribunals impactingthe going concern status and company's operations in future.

CIIANGES IN SHARE CAPITAL:

Thc 0ompany has not issued any Equity Shares during the year under review.

DIRECTOR'S RESPONSIBILITY STATEMENT :

ln accordance with the clause (c) of sub-section [3) of Section L34 of the Companies Act,2013, the Directorsot yoLrl Company hereby state that:-

jn the preparation of the annual accounts, the applicable accounting standards had been followed alongwith proper explanation relating to material departures;

' such accounting policies were selected and applied them consistently and made judgments andcstintates that are reasonable and prudent so as to give a true and fair view ofthe state ofaffairs ofthecomp;rny at the end of the financial year and of the profit and loss of the company for that period;

. . proper and sufficient care was taken for the maintenance ofadequate accounting records in accordancewith the provisions of this Act for safeguarding the assets of the company and for preventing andcletecting fraud and other irregularities;

-- the annual accounts have been prepared on a going concern basis,

pfopef systems were devised to ensure compliance with the provisions of all applicable laws and that5^uch systems were adequate and operating effectively.

There arc no employees, whose particulars are required to be furnished under Section 197(lZ)read with Rule5 {1) (2j & (3J ot Companies (Appointment & Remuneration) Rules,20L4 as remuneration of none of ther:r.rrltloyee is in excess of Rs.5,00,000/- per month or more (or Rs.60,00,000 per annum or moreJ during the

financial year.

The Directors wish to place on record their appreciation ofthe assistance and support rendered by State and(lentral Government Authorities, the Reserve Bank of India, the Company's bankers, and the foint VenturePartncls, Viz.,

The Directors also wish to place on record their appreciation of the sincere efforts of the employees of theCompany in the continuous development of Company.

For and on behalfoftfie Board ofdirectorsAURO SUNDRAM PLY & DOOR PRIVATE LIMITED

Place: RoorkeeDate: L7 /05/2019

Sr*1' "'r-'ddY? surultA DEVI cHouDHARY(DTRECTOR)

DIN NO: 02305610Add: Raipur Industrial Area

Roorkee-247667, UK India

c)ANIL I(

DIN NO: 00422498Add: Raipur Industrial AreaRoorkee-247667, UK India

MARCHOUDHARY

Annexure A

FORM NO. AOC .2(Pursuant to clause (h) ofsub-section (3) ofsection 134 ofthe Actand Rule 8(2) ofthe Companies

(Accounts) Rules, 20L4.)

Fornr for Disclosure of particulars of contracts/arrangements entered into by the Company with relatedparties referred to in sub section [1J of section 188 of the Companies Act,2013 including certain arm's lengtht"ransaction under third nroviso thereto.

1, Detqils of contracts or arrongements or transactions not at Arm's length basis,-NIL

2.

For and on behalfofthe Board ofdirectorsAURO SUNDRAM PLY & DOOR PRIVATE TIMITED

n n{t4

l*rv7ANIL KTIMA.R C}IOUDHARY

(DTRECTOR)DIN NO:00422498

Add: Raipur Industrial Area

Roorkee-247667, UK lndia

Place:Date:

Roorkee17 /Os/201e

Q;t^ De''"s.6nlk/€

SUNITA DEVI CHOUDHARY(DTRECTOR)

DIN NO: 02305610

Add: Raipur lndustrial Area

Roorkee-247667, UK India

Details of contrqcts or or trunsactions at Arm's lenath basis.Name (s) of therelated party &

nature ofrelationship

Nature ofcontracts/affangements/tran

saction

Nature ofcontracts/arrqngements/transa

ction

Salientterms ofthe contracts or

arrqngements ortransaction

including thevalue, if anv

Date ofapproval

by theBoard/Audit

Committee

Amountpaid as

advances, if any

ANII, KUMARCHOUDHARY

RENT Ongoing 6,00,000/-

CENTIJRY PLYBOARDS(r) LrD,

SALE OF

PRODUCTOngoing 99,5t,48,574/-

ALJIIo SUNDRAMINTTJRNATIONAL PVT.L't'D.

SALE OF

PRODUCT0ngoing r,84,305/-

CI.,N1'(J RY PI,YBOARDS(r) LrD.

PURCHASE OF

GOODS0ngoing 63,34,058/-

CENTURY PLYBOARDSrnITn

PURCHASE OF

SERVICESOngoing 3,82,458/-

CENTURY PT,YBOARDS

(1j LTD.lnterest Paid 0ngoing 30,00,000/-