shiva suitings limited€¦ · 28th annual report 2013-14 - 3 - notice of annual general meeting...

Shiva Suitings Limited 28TH ANNUAL REPORT

2013 - 2014

28TH ANNUAL REPORT 2013-2014

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28th Annual General Meeting on Monday 29th September, 2014, at 11.30 A.M. at The Shikarpuri Shroff Association Hall, 384-M, Dabholkarwadi, 3rd Floor, Kalbadevi Road, Mumbai - 400002.

Members are requested to bring their copies of The Annual Report as the practice of distribution of copies at the Meeting has been discontinued.

CONTENTS

Board of Directors 2

Notice 3

Directors’ Report 9

Compliance Certificate 12

Auditor’s Report 16

Balance Sheet 21

Profit & Loss Account 22

Notes to the Balance Sheet And Profit & Loss Account 23

Cash Flow Statement 34

28th ANNUAL REPORT 2013-14

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BOARD OF DIRECTORS SHRI SHARAD KUMAR SUREKA - DIRECTOR

SHRI SUBRAMANI SEETHARAMAN - DIRECTOR

SHRI B. S. MITTAL - DIRECTOR

SHRI DILIP KUMAR SANGHAI - DIRECTOR

BANKERS UNION BANK OF INDIA

AUDITORS M/s. V. K. BESWAL & ASSOCIATES, CHARTERED ACCOUNTANTS, 408/410, REWA CHAMBERS, 31, NEW MARINE LINES, MUMBAI – 400020.

REGISTERED OFFICE 384-M, DABHOLKARWADI, 3RD FLOOR, KALBADEVI ROAD, MUMBAI – 400002.


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NOTICE OF ANNUAL GENERAL MEETING

NOTICE is hereby given that the 28th Annual General Meeting of SHIVA SUITINGS LTD will be held at The Shikarpuri Shroff Association Hall, 384 – M, Dabholkarwadi, 3rd floor, Kalbadevi Road, Mumbai – 400002 on Monday, September 29, 2014 at 11.30 a.m. to transact the following business:

Ordinary Business:

1. To receive, consider and adopt the Audited Balance Sheet as at March 31, 2014, Profit and

Loss Account for the year ended on that date and the Reports of the Auditors’ and the Directors’ thereon.

2. To appoint a Director in place of Mr. Dilip Kailashprashad Sanghai (DIN 03495056), who retires

by rotation and being eligible, offers himself for re-appointment. 3. To consider and, if thought fit, to pass with or without modification(s), the following resolution as

an Ordinary Resolution:-

“RESOLVED THAT pursuant to provisions of section 139 of Companies Act,2013 and Rules made thereunder, M/s.V. K. Beswal & Associates, Chartered Accountants, Mumbai, being retiring Auditors of the Company, be and are hereby re–appointed as Auditors of the Company to hold the office from the conclusion of the ensuing Annual General Meeting until conclusion of the third consecutive Annual General Meeting (subject to ratification by shareholders in each Annual General Meeting), on such remuneration as may be determined by the Board of Directors in consultation with the Auditors, in addition to reimbursement of service tax and all out of pocket expenses in connection with the audit of the Accounts of the Company, which remuneration may be paid on progressive billing basis to be agreed between the Auditors and the Board of Directors.

Special Business:

4. To appoint Mr. Sharad Kumar Nandkishore Sureka as an Independent Director and in this

regard to consider and if thought fit, to pass the following resolution with or without modification(s) as Ordinary Resolution: “RESOLVED THAT Pursuant to provision of Section 149, 152 read along with Schedule IV and all other applicable provisions of the Companies Act, 2013 and the Companies (Appointment and Qualification of Directors) Rules, 2014 (including any statutory modification(s) or re-enactment thereof for the time being in force) and Clause 49 of the Listing Agreement, Mr. Sharad Kumar Nandkishore Sureka ( DIN 00058164 ), who was appointed as a Director liable to retire by rotation and in respect of whom the Company has received a notice in writing under section 160 of the Companies Act, 2013 from a member proposing his candidature for the office of Director, be and is hereby appointed as an Independent Director of the Company to hold office for 5 (five) consecutive years for the term upto 31st March, 2019, not liable to retire by rotation.”


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5. To appoint Mr. Subramani Seetharaman as an Independent Director and in this regard to

consider and if thought fit, to pass the following resolution with or without modification(s) as Ordinary Resolution:

“RESOLVED THAT Pursuant to provision of Section 149, 152 read along with Schedule IV and all other applicable provisions of the Companies Act, 2013 and the Companies (Appointment and Qualification of Directors) Rules, 2014 (including any statutory modification(s) or re-enactment thereof for the time being in force) and Clause 49 of the Listing Agreement, Mr. Subramani Seetharaman (DIN 00990295), who was appointed as a Director liable to retire by rotation and in respect of whom the Company has received a notice in writing under section 160 of the Companies Act, 2013 from a member proposing his candidature for the office of Director, be and is hereby appointed as an Independent Director of the Company to hold office for 5(five) consecutive years for the term upto 31st March, 2019, not liable to retire by rotation.”

For and on behalf of the Board of Directors

Date : May 30, 2014 Sd/- Sd/- Place : Mumbai Sharad Kumar Sureka Subramani Seetharaman Director Director

Registered Office : 384-M, Dabholkarwadi, Sd/- 3rd Floor, Kalbadevi Road, Dilip K. Sanghai Mumbai- 400002 Director


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Notes :

1. A member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend the

meeting and the proxy need not be a member of the Company. Under the Companies Act, 2013, voting is by a show of hands unless a poll is demanded by a member or members present in person, or by proxy, holding at least one-tenth of the total shares entitled to vote on the resolution or by those holding paid-up capital of at least Rs. 50,000. A proxy shall not vote except on a poll. The instrument appointing the proxy must be deposited at the registered office of the Company not less than 48 hours before the commencement of the meeting.

2. Members /Proxies should bring duly-filled Attendance Slips sent herewith to attend the meeting.

3. The Register of Members and Share Transfer Books of the Company will remain closed from 22nd September, 2014 to 29th September, 2014 (both days inclusive) for the purpose of Annual General Meeting.

4. Members holding shares in physical form and desirous of making/changing nomination in

respect of their shareholding in the Company, may send their request in the prescribed form 2B to the Registrar & Transfer Agents of the Company.

5. Corporate Members are requested to send to the Company, a duly certified copy of the Board

Resolution authorizing their representative to attend and vote at the Annual General meeting. 6. Members desirous of obtaining any information on the Accounts and Operations of the

Company are requested to write at least one week before the meeting so that the same could be compiled in advance.

7. Members are requested to notify changes, if any, in their registered addresses to the

Company’s Registrars. 8. Members are requested to bring their copy of Annual Report to the Meeting. 9. All documents referred to in the notice are open for inspection at the registered office of the

Company between 11.00 a.m. and 1.00 p.m. on all working days upto the date of the meeting. 10. Members are requested to address all correspondences, including dividend matters, at the

registered office address of the Company.

11. E- voting:

a. In compliance with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014, the Company is pleased to provide its Shareholders with facility to exercise their right to vote at the 28th Annual General Meeting (AGM) by electronic means and the business may be transacted through e-Voting Services provided by Central Depository Services (India) Limited (CDSL).

b. The Company has signed an agreement with CDSL for facilitating e-voting to enable the

shareholders to cast their vote electronically.


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12. Process for E –Voting –

13. The instructions for members for voting electronically are as under:- 14. In case of members receiving e-mail: 15. Log on to the e-voting website www.evotingindia.com

16. Click on “Shareholders” tab.

17. Now, select the “SHIVA SUITINGS LTD” from the drop down menu and click on “SUBMIT”

18. Now Enter your User ID

a. For CDSL: 16 digits beneficiary ID,

b. For NSDL: 8 Character DP ID followed by 8 Digits Client ID,

c. Members holding shares in Physical Form should enter Folio Number registered with the Company.

19. Next enter the Image Verification as displayed and Click on Login.

20. If you are holding shares in demat form and had logged on to www.evotingindia.com and voted

on an earlier voting of any company, then your existing password is to be used. 21. If you are a first time user follow the steps given below:

22. 23. For Members holding shares in Demat Form and Physical Form

24. PAN

25. Enter your 10 digit alpha-numeric *PAN issued by Income Tax Department (Applicable for both demat shareholders as well as physical shareholders)

26. Members who have not updated their PAN with the Company/

Depository Participant are requested to use the first two letters of their name and the 8 digits of the sequence number in the PAN field.

27. In case the sequence number is less than 8 digits enter the applicable number of 0’s before the number after the first two characters of the name in CAPITAL letters. Eg. If your name is Ramesh Kumar with sequence number 1 then enter RA00000001 in the PAN field.

28. DOB 29. Enter the Date of Birth as recorded in your demat account or in the

company records for the said demat account or folio in dd/mm/yyyy format.

30. Dividend Bank Details

31. Enter the Dividend Bank Details as recorded in your demat account or in the company records for the said demat account or folio.

32. Please enter the DOB or Dividend Bank Details in order to login. If the

details are not recorded with the depository or company please enter the member id / folio number in the Dividend Bank details field.


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33. After entering these details appropriately, click on “SUBMIT” tab.

34. Members holding shares in physical form will then reach directly the Company selection screen. However, members holding shares in demat form will now reach ‘Password Creation’ menu wherein they are required to mandatorily enter their login password in the new password field. Kindly note that this password is to be also used by the demat holders for voting for resolutions of any other company on which they are eligible to vote, provided that company opts for e-voting through CDSL platform. It is strongly recommended not to share your password with any other person and take utmost care to keep your password confidential.

35. For Members holding shares in physical form, the details can be used only for e-voting on the resolutions contained in this Notice.

36. Click on the EVSN for the relevant <Shiva Suitings Ltd> on which you choose to vote. 37. On the voting page, you will see “RESOLUTION DESCRIPTION” and against the same the

option “YES/NO” for voting. Select the option YES or NO as desired. The option YES implies that you assent to the Resolution and option NO implies that you dissent to the Resolution.

38. Click on the “RESOLUTIONS FILE LINK” if you wish to view the entire Resolution details.

39. After selecting the resolution you have decided to vote on, click on “SUBMIT”. A confirmation

box will be displayed. If you wish to confirm your vote, click on “OK”, else to change your vote, click on “CANCEL” and accordingly modify your vote.

40. Once you “CONFIRM” your vote on the resolution, you will not be allowed to modify your vote.

41. You can also take out print of the voting done by you by clicking on “Click here to print” option

on the Voting page.

42. If Demat account holder has forgotten the changed password then Enter the User ID and the image verification code and click on Forgot Password & enter the details as prompted by the system.

43. Non-Individual shareholders (i.e. other than Individuals, HUF, NRI etc.) are required to log on to https://www.evotingindia.com and register themselves as Corporates.

44. They should submit a scanned copy of the Registration Form bearing the stamp and sign of the

entity to [email protected].

45. After receiving the login details they have to create a user who would be able to link the account(s) which they wish to vote on.

46. The list of accounts should be mailed to [email protected] and on approval of the accounts they would be able to cast their vote.

47. They should upload a scanned copy of the Board Resolution and Power of Attorney (POA)

which they have issued in favour of the Custodian, if any, in PDF format in the system for the scrutinizer to verify the same.


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48. In case of members receiving the physical copy: 49. Please follow all steps from sl. no. (i) to sl. no. (xvii) above to cast vote. 50. The voting period begins from 9.00 a.m. Tuesday, 23rd September, 2014 and ends at 9.00 a.m

on Wednesday, 24th September, 2014. During this period shareholders’ of the Company, holding shares either in physical form or in dematerialized form, as on the cut-off date (record date) of 14th September, 2014, may cast their vote electronically. The e-voting module shall be disabled by CDSL for voting thereafter;

51. In case you have any queries or issues regarding e-voting, you may refer the Frequently Asked

Questions (“FAQs”) and e-voting manual available at www.evotingindia.co.in under help section or write an email to [email protected].

52. Mr. Pramod S. Shah of M/s. Pramod S. Shah & Associates, Practicing Company Secretaries has been appointed as the scrutinizer to scrutinize the e-voting process in a fair and transparent manner. The Scrutinizer shall within a period not exceeding 3 (three) working days from the conclusion of the e-voting period unblock the votes in the presence of at least 2 (two) witness not in the employment of the Company and make a Scrutinizer’s report of the votes cast in favour or against, if any, forthwith to the Chairman of the Company;

53. The results shall be declared on or after the AGM of the Company. The results declared along with the Scrutinizer’s report shall be published on the Company’s website and on the website of CDSL within 2 (two) working days of the passing of the resolutions at the AGM of the Company and communicated to the Stock Exchanges.

As per the provisions of the Companies Act, 2013, facility for making nominations is available for shareholders, in respect of the shares held by them. Nomination forms can be obtained from the Company.


Date : May 30, 2014 Sd/- Sd/- Place : Mumbai Sharad Kumar Sureka Subramani Seetharaman Director Director



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DIRECTORS’ REPORT

To, The Members of SHIVA SUITINGS LIMITED Your Directors present herewith the 28th Annual Report together with the Audited Statement of Accounts for the year ended March 31, 2014. 1. FINANCIAL RESULTS

(In Rs.) 2013-14 2012-13 Gross Profit/(Loss) before interest and depreciation and tax

1,597,675 1,708,374

Less: Interest -- -- Less: Depreciation -- -- Less: Prior period items (6,663) (1265) Net Profit /(Loss) 1,591,012 1,707,109

Less: Provision For Deferred Tax (314,500) (342,100)

Less: Provision for Income Tax (493,681) (594,173)

Add: MAT Credit Entitlement 304,437 319,860

Net Profit After tax 1,087,268 1,090,696

Balance Carried Forward to Balance Sheet 1,087,268 1,090,696 2. DIVIDEND

The Board of Directors do not recommend any dividend for the Financial Year ended March 31, 2014.

3. FUTURE OUTLOOK

a) Internal Control Systems and their Adequacy

The Company has adequate and effective control systems, commensurate with its size and nature of business, to ensure that assets are efficiently used and the interest of the Company is safe guarded and the transactions are authorised, recorded and reported correctly. Checks and balances are in place to determine the accuracy and reliability of accounting data. The preventive control systems provide for well-documented policy, guidelines, and authorisation and approval procedures. The Company has also developed a Risk Assessment policy and is reviewed by the Board of Directors.

b) Financial Performance and related disclosures

Total income during the year under review is INR 27,595,775/- as against Rs 29,967,415/- in the previous year. The sales have decreased from INR 29,881,803/- to Rs. 27,534,722/- as compared to previous year.


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4. FIXED DEPOSITS The Company has not accepted any deposits from public under the Provisions of Section 58A of the Companies Act 1956 and rules framed thereunder during the Financial Year ended 31 March 2014.

5. DIRECTORS’ RESPONSIBILITY STATEMENT

To the best of their knowledge and belief and according to the information and explanation obtained by them, your Directors make the following statement in terms of Section 217(2AA) of the Companies Act, 1956: a) That in the preparation of the Annual Accounts for the year ended March 31, 2014; 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 reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year ended March 31, 2014 and of the Profit of the Company for that year.

c) That the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities that the Directors have prepared the Annual Accounts for the year ended March 31, 2014, on a going concern basis.

6. DIRECTORS

In accordance with the Articles of Association of the Company and provisions of the Companies Act, 1956 Mr. Dilip Kailashprashad Sanghai and retires by rotation at the ensuing Annual General Meeting and being eligible, offer himself for re-appointment. Your directors recommend their re–appointment.

7. STATUTORY AUDITORS You are requested to appoint Auditors for the current year and fix their remuneration. The Auditors of the Company, M/s. V. K. Beswal & Associates, and Chartered Accountants retire at ensuing Annual General Meeting of the Company and have given their consent for re-appointment. The Company has also received a certificate from them under Section 224(1B) of the Companies Act, 1956.

8. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE

EARNINGS AND OUTGO

(A) CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION:

The provisions of Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988 are not applicable.


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(B) FOREIGN EXCHANGE EARNINGS AND OUTGO

During the year under review, there were no earnings & expenditures in foreign currency.

9. DISCLOSURE UNDER SECTION 217(2A) OF THE COMPANIES ACT, 1956

The provisions of Section 217 (2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended vide Notification no. G.S.R 289 (E) dated March 31, 2011 require the disclosure of the names and particulars of the employees who are receipt of remuneration for the financial year under review which, in the aggregate, was not less than Rs.60,00,000/- or who was in receipt of remuneration for any part of the financial year under review, at a rate which, in the aggregate, was not less than Rs.500,000/-. The disclosure under the said Section is not given as there are no such employees.

10. COMPLIANCE CERTIFICATE

As per Section 383A of the Companies Act, 1956 read with Notification No. G.S.R. 11 (E), Dated 05-01-2010 issued by the Ministry of Corporate Affairs, a Company having the paid up Share Capital of Rs. 10 Lacs or more but less than Rs. 5 Crores must obtain a Compliance Certificate from a Company Secretary in whole time practice and such Certificate must be annexed to the Report. A Compliance Certificate obtained from M/s. Pramod S. Shah & Associates - Practising Company Secretaries is annexed as a part of the Directors Report.

11. ACKNOWLEDGEMENTS

Your Directors take this opportunity to express their grateful appreciation for the excellent assistance and co-operation received from Clients, Vendors, Financial Institutions, Bankers, Business Associates and various Governmental, as well as Regulatory Agencies for their valuable support. Your Directors also wish to place on record their appreciation for the contribution made by the employees.


Sd/- Sd/- Date : May 30, 2014 Sharad Kumar Sureka Subramani Seetharaman Place : Mumbai Director Director



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COMPLIANCE CERTIFICATE

U/s 383A of the Companies Act, 1956 & Rule 3 of the Companies (Compliance Certificate) Rules, 2001

To, Nominal Capital : 3,00,00,000 The Members, Registration No : 11 - 38265 SHIVA SUITINGS LIMITED (31/03/2014) I/ We have examined the registers, records, books and papers of Shiva Suitings Limited (the Company) as required to be maintained under the Companies Act 1956, (the Act) and the rules made thereunder and also the provisions contained in the Memorandum and Articles of Association of the Company for the financial year ended on 31st March 2014. In my/our opinion and to the best of my/our information and according to the examinations carried out by me/us and explanations furnished to me/us by the Company, its officers and agents, I/we certify that in respect of the aforesaid financial year: 1. The Company has kept and maintained all registers as stated in Annexure ‘A’ to this certificate,

as per the provisions and the rules made thereunder and all entries therein have been duly recorded.

2. The Company has duly filed the forms and returns as stated in Annexure ’B’ to this certificate,

with the Registrar of Companies, Regional Director, Central Government, Company Law Board or other authorities within the time prescribed under the Act and the rules made thereunder.

3. The Company being a Public Limited Company, comments are not required. 4. The Board of Directors duly met 9 times on 15.05.2013, 30.05.2013, 12.07.2013, 13.08.2013,

1.10.2013. 30.10.2013, 14.11.2013, 10.01.2014, 14.02.2014 in respect of which meetings proper notice were given and the proceedings were properly recorded and signed including the circular resolution passed in the minutes books maintained for the purpose.

5. The Company closed its Register of Members from September 20, 2013 to September 27, 2013

(both days inclusive) and necessary compliance of Section 154 of the Act has been made. 6. The Annual General Meeting for the year ended on 31/03/2013 was held on 27/09/2013 after

giving due notice to the members of the Company and the resolutions passed thereat were duly recorded in Minutes Book maintained for the purpose.

7. No Extra Ordinary General Meeting was held during the financial year. 8. The Company has not advanced any loans to its directors or persons or firms or companies

referred to under section 295 of the Act or Section 185 of the Companies Act, 2013.. 9. The Company has not entered into any contracts falling within the purview of Section 297 of the

Act. 10. The Company was not required to make any entries in the register maintained under section

301 of the Act.


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11. As there were no instances falling within the purview of section 314 of the Act, the Company has not obtained any approvals from the Board of Directors, Members or Central Government.

12. The company has not issued any duplicate share certificates during the year. 13. The company has

i. There was no allotment of securities during the year.

ii. The Company has delivered all Share Certificates on lodgment thereof for transfer and

transmission or any other purpose in accordance with the provisions of the act, if required.

iii. The Company has not deposited any amount in a separate Bank Account as no dividend

was declared during the financial year.

iv. The Company was not required to post warrants to any members of the Company as no dividend was declared during the financial year.

v. The Company was not required to transfer any amount to the Investors Education & Protection Fund maintained by the Central Government as under Section 205C of the Companies Act, 1956.

vi. The Company has duly-complied with the requirements of section 217 of the Act.

14. The Board of Directors of the Company is duly constituted. There was no appointment of alternate directors, additional directors and directors to fill casual vacancy during the Financial Year.

15. The Company has not appointed any Managing Director/Whole time Director/Manager during

financial year. 16. The Company has not appointed any sole-selling agents during the financial year. 17. The Company was not required to obtain any approvals of the Central Government, Company

Law Board, Regional Director, Registrar and/or such other authorities prescribed under the various provisions of the Act during the financial year.

18. The Directors have disclosed their interest in other firms/companies to the Board of Directors

pursuant to the provisions of the Act and the rules made thereunder. 19. The Company has not issued any shares, debentures or other securities during the financial

year. 20. The Company has not bought back any shares during the financial year. 21. There was no redemption of preference shares or debentures during the financial year. 22. There were no transactions, which required the Company to keep in abeyance rights to

dividend, rights shares and bonus shares pending registration of transfer of shares.


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23. The Company has not invited / accepted any deposit including any unsecured loans falling

within the purview of Section 58A during the financial year. 24. The Company has not made any borrowings during the financial year. 25. The Company has not made any loans and investments or given guarantees or provided

securities to other bodies corporate during the financial year and consequently no entries have been made in the register kept for the purpose.

26. The Company has not altered the provisions of the Memorandum with respect to situation of the

company’s registered office from one state to another during the financial year. 27. The Company has not altered the provisions of the Memorandum with respect to the objects of

the company during the financial year. 28. The Company has not altered the provisions of the Memorandum with respect to name of the

company during the financial year. 29. The Company has not altered the provisions of the Memorandum with respect to share capital

of the company during the financial year. 30. The Company has not altered its Articles of Association during the financial year. 31. There were no prosecution initiated against or show cause notices received by the company

and no fines or penalties or any other punishment imposed on the company during the year, for offences under the Act.

32. The Company has not received any money as security from its employees during the financial

year. 33. The Company has not deducted any contribution towards Provident Fund during the Financial

Year. Place : Mumbai Signature : Sd/- Date : May 30, 2014 Name of Company Secretary : Pramod S. Shah (PARTNER)

C.P.No. : 3804


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Annexure A

The Company has been maintaining the statutory records such as:

1) Minutes Book (Board Meeting)

2) Minutes Book (AGM & EGM)

3) Register of Member.

4) Register of Director.

5) Register of Director’s shareholding.

6) Register of Assets.

7) Register of Investment.

8) Register of Charges.

9) Register of Contracts.

Annexure B

Forms and Returns as filed by the Company with the Registrar of Companies, Regional Director, Central Government or other authorities during the financial year ending on 31st March 2013.

Sr. No. Form No. Filed u/s For Filed on

1 Form 23B 224(1A) 2012-13 12/11/2012

2 Form 23B 224(1A) 2011-12 03/08/2012

3 Form 23AC/ACA XBRL 220 2012 11/12/2012

4 Form 20B 159 2012 28/11/2012

5 Form 66 383A 2012 27/10/2012


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INDEPENDENT AUDITOR’S REPORT

To the Members of SHIVA SUITINGS LIMITED,

Report on the Financial Statements

We have audited the accompanying financial statements of SHIVA SUITINGS LIMITED, which comprise the Balance Sheet as at March 31, 2014, and the Statement of Profit and Loss and Cash Flow Statement for the year then ended, and a summary of significant accounting policies and other explanatory information.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the company in accordance with the accounting standard referred to in sub-section (3c) of section 211 of the Companies Act, 1956 (“the act”) read with the general circular 15/2014 dated 13th September 2014 of the ministry of corporate affairs in respect of section 133 of the companies act, 2014. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion

In our opinion and to the best of our information and according to the explanations given to us, the financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:


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A) In the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2014;

B) In the case of the Profit and Loss Account, of the PROFIT for the year ended on that date;

and

C) In the case of the Cash Flow Statement, of the Cash Flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

A) As required by the Companies (Auditor’s Report) Order, 2003 (“the Order”) issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Act, we give in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the Order.

B) As required by section 227(3) of the Act, we report that:

i. We have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of our audit;

ii. In our opinion proper books of account as required by law have been kept by the Company so far as appears from our examination of those books;

iii. The Balance Sheet, Statement of Profit and Loss and Cash Flow Statement dealt with by this Report are in agreement with the books of account;

iv. In our opinion, the Balance Sheet, Statement of Profit and Loss and Cash Flow Statement comply with the Accounting Standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956 read with the general circular 15/2014 dated 13th September 2014 of the ministry of corporate affairs in respect of section 133 of the Companies Act, 2014;

v. On the basis of written representations received from the directors as on March 31, 2014, and taken on record by the Board of Directors, none of the directors is disqualified as on March 31, 2014, from being appointed as a director in terms of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956.

For V.K. BESWAL & ASSOCIATES CHARTERED ACCOUNTANTS FIRM REG. NO.: 101083W CA K V BESWAL PARTNER Membership Number: 131054 PLACE : Mumbai DATED : May 30, 2014


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SHIVA SUITINGS LIMITED ANNEXURE TO THE AUDITOR'S REPORT OF EVEN DATE

1) According to the information and explanations received by us from the management, we are of

the opinion that the question of commenting on maintenance of proper records of fixed assets, physical verification and any substantial sale does not arise since the company had no fixed assets as on 31st march 2014 or at any time during the financial year ended 31st March 2014.

2) In respect of Inventories:

a) As explained to us physical verification of inventories has been conducted during the year by the management at reasonable intervals.

b) In our opinion, the procedures of physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the company and nature of its business.

c) In our opinion and according to the information and explanation given to us, the Company is maintaining proper records of its inventories and no material discrepancies were noticed on physical verification.

3) The company has neither taken nor granted any loans or advances from/to parties covered in the register maintained u/s.301 of the Companies Act, 1956.

4) 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 Company and the nature of its business. Further, on the basis of our examination of the books and records of the company, carried out in accordance with the auditing standards generally accepted in India and according to the information and explanations given to us, we have neither come across nor have we been informed of any continuing failure to correct weaknesses in the aforesaid internal control system.

5) Based on the audit procedures applied by us and the information and explanations provided by the management, we are of the opinion that there were no transactions during the year that need to be entered in the register maintained u/s.301 of the Companies Act, 1956.

6) In our opinion and according to the information and explanations given to us, the Company has not accepted any deposits from public during the year. Therefore, the provision of Clause (vi) of the Companies (Auditor’s Report) Order, 2003 are not applicable to the company.


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7) In our opinion the Company has an internal audit system commensurate with its size and nature of its business.

8) According to the information and explanations provided by the management, the Company is not engaged in production, processing, manufacturing or mining activities. Hence, the provisions of section 209(1)(d) of the Companies Act, 1956 do not apply to the Company. Hence, in our opinion, no comment on maintenance of cost records under section 209(1)(d) is required.

9) According to the records of the company, the Company is generally regular in depositing with appropriate authorities undisputed statutory dues, including provident fund, employee’s state insurance, Income Tax, Sales Tax, wealth tax, custom duty, excise duty, service tax, Cess and other statutory dues applicable to it.

10) The accumulated losses of the company have exceeded fifty percent of its net worth as at 31.03.2014. The company has not incurred any cash loss during the current financial year or in the preceding year covered by our audit.

11) According to records of the company, the company has not borrowed any sum from financial institutions or banks and in respect of debentures the company neither has any debentures outstanding as on 31.03.2014 nor it has issued any debentures during the year under audit, hence comments with regards to any default under the said clause are not applicable.

12) According to the information and explanation given to us the company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures or other securities.

13) In our opinion, and to the best of our information and according to the explanations provided by the management, we are of the opinion that the company is neither a Chit Fund nor a nidhi /mutual benefit society. Hence, in our opinion, the requirements of para 4 (xiii) of the Order do not apply to the company.

14) As per records of the company and information and explanations given to us by the management, company is not dealing or trading in shares, securities, and debentures and other investments.

15) According to the records of the company and the information and explanations provided by the management, the company has not given guarantees for loans taken by others from banks or financial institutions.

16) According to the records of the Company, the Company has not obtained any term loans during the year. Hence, comments under the clause are not called for.


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17) According to the information and explanations given to us and, on an overall examination of the balance sheet of the company, we report that no funds raised on short-term basis have been used for long-term investment by the company.

18) According to the records of the Company and the information and explanations provided by the management, the Company has not made any preferential allotment of shares to parties and companies covered in the register maintained u/s.301 of the Companies Act, 1956.

19) No debentures have been issued by the Company during the year covered by our audit report and hence, the question of creating securities in respect thereof does not arise.

20) The Company has not raised any money by public issue during the year covered by our audit report.

21) Based upon the audit procedures performed and information and explanations given by the management, we report that no fraud on or by the Company has been noticed or reported during the course of our audit.

For V.K. BESWAL & ASSOCIATES CHARTERED ACCOUNTANTS FIRM REG. NO.: 101083W CA K V BESWAL PARTNER Membership Number: 131054 PLACE : Mumbai DATED : May 30, 2014


SHIVA SUITINGS LIMITED

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BALANCE SHEET AS AT 31ST MARCH, 2014 (Amount in I)

Particulars

Note No.

31st March, 2014 31st March, 2013

I. EQUITY AND LIABILITIES

1 Shareholders’ funds (a) Share capital 1 1,55,03,950 1,55,03,950 (b) Reserves and surplus 2 (73,83,507) (84,70,775) 81,20,443 70,33,175

2 Current liabilities (a) Trade payables 3 1,01,35,566 1,21,13,562 (b) Other current liabilities 4 1,38,990 3,67,240 (c) Short-term provisions 5 6,56,600 85,13,700 1,09,31,156 2,09,94,502 TOTAL 1,90,51,599 2,80,27,677

II. ASSETS

1 Non-current assets (a) Deferred tax assets (net) 6 3,04,134 7,97,815 (b) Long-term loans and advances 7 3,27,146 3,25,018 6,31,280 11,22,833

2 Current assets (a) Inventories 8 14,19,950 16,36,502 (b) Trade receivables 9 92,06,807 99,33,646 (c) Cash and cash equivalents 10 63,479 1,67,094 (d) Short-term loans and advances 11 77,30,083 1,51,67,602 1,84,20,319 2,69,04,844 TOTAL 1,90,51,599 2,80,27,677

Notes are integral part of the balance sheet & profit & loss account

1A

AS PER OUR REPORT OF EVEN DATE FOR SHIVA SUITINGS LIMITED For V.K. BESWAL & ASSOCIATES CHARTERED ACCOUNTANTS FIRM REG. NO.: 101083W SHARAD KUMAR SUREKA ) CA K V BESWAL SUBRAMANI SEETHARAMAN ) Directors (PARTNER) DILIP SANGHAI ) M. NO.: 131054 PLACE : MUMBAI DATED : May 30, 2014



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STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31ST MARCH, 2014 (Amount in I)

Particulars

Note No.


Revenue from Operations 12 2,75,34,722 2,98,81,803 Other income 13 61,053 85,612

Total Revenue 2,75,95,775 2,99,67,415

Expenses: Purchases 14 2,47,11,451 2,80,09,852 Changes in inventories of finished goods 15 2,06,192 (3,75,362) Finance costs 16 129 6,878 Employees benefit expenses 17 1,45,091 46,300 Other expenses 18 9,35,237 5,71,373

Total expenses 2,59,98,100 2,82,59,041

Profit before extraordinary items and tax 15,97,675 17,08,374

Extraordinary Items

Prior year adjustments (6,663) (1,265)

Profit Before tax 15,91,012 17,07,109

(Add)/less Tax expense: (1) Current tax 3,14,500 3,42,100 (2) Deferred tax 4,93,681 5,94,173 (3) MAT Credit Entitlement (3,04,437) (3,19,860)

Profit for the year 10,87,268 10,90,696

Earnings per equity share: Basic & Diluted (in I)

0.70 0.70

Notes are integral part of the balance sheet & profit & loss account

1A




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NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2014

Note 1 : A - Share Capital

Particulars 31st March, 2014 31st March, 2013

Numbers I Numbers I Authorised Equity Shares of Rs.10 each 30,00,000 3,00,00,000 30,00,000 3,00,00,000

30,00,000 3,00,00,000 30,00,000 3,00,00,000 Issued, Subscribed & fully Paid up Equity Shares of Rs.10 each 15,50,395 1,55,03,950 15,50,395 1,55,03,950

Total 15,50,395 1,55,03,950 15,50,395 1,55,03,950

B - Reconciliation of the shares outstanding at the beginning and at the end of the Reporting period

Particulars Equity Shares


Number I Number I At the beginning of the year 15,50,395 1,55,03,950 15,50,395 1,55,03,950 Shares Issued during the year - - - - At the end of the year 15,50,395 1,55,03,950 15,50,395 1,55,03,950 C - Detail of shareholders holding more than 5% of shares in the company

Name of Shareholder Equity Shares


No. of shares held

% of HoldingNo. of Shares

held

% of Holding

Deshbandhu P. Kagzi 2,04,066 13.16% 2,04,066 13.16%

D - Disclosure pursuant to Note no. 6(A)(i) of Part I of Schedule VI to the Companies Act, 1956

Particulars Aggregate No. of Shares

(for last 5 Financial Years)

Equity Shares :

Fully paid up pursuant to contract(s) without payment being received in cash

NIL

Fully paid up by way of bonus shares NIL

Shares bought back NIL



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NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2014 Note - 2 : Reserve and surplus

Particulars

As at 31st March 2014


I I a. Surplus/Deficit

Opening balance (84,70,775) (95,61,471)

(+) Net Profit for the current year 10,87,268 10,90,696

Closing Balance (73,83,507) (84,70,775)

Total (73,83,507) (84,70,775)

Note - 3: Trade payables

Particulars



I I Trade payables (Goods) 1,01,35,566 1,21,13,562

Total 1,01,35,566 1,21,13,562

a.) Based on the information available with the Company, there are no suppliers who are registered as micro or small enterprises under "The Micro, Small and Medium Enterprises Development Act, 2006.

Note - 4 : Other Current Liabilities

Particulars



I I (i) Customer deposits & Advances 5,435 31,770

(ii) Statutory Dues 768 13,723

(II) Other Liabilities (Creditors for expenses) 1,32,787 3,21,747

Total 1,38,990 3,67,240

Note - 5 : Short Term Provisions

Particulars



I I Others

Income Tax 6,56,600 85,13,700

Total 6,56,600 85,13,700



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Note - 6 : Deferred tax Assets (Net)

Particulars As at

31st March,2014 As at

31st March,2013

I I

Deferred tax assets

Business Loss 9,84,251 - 25,81,926

Deferred tax assets (B) @ 30.90% 3,04,134 32.45% 7,97,815

Net Closing Deferred Tax Assets 3,04,134 7,97,815

Less : Net Deferred Tax Assets (Opening) 7,97,815 13,91,988

Reversal of net Deferred Tax liability to be debited in Profit & Loss Account.

(4,93,681

) (5,94,173)

Closing Deferred Tax Assets 3,04,134 7,97,815

Note - 7 : Long-term loans and advances

Particulars As at

31st March 2014 As at

31st March 2013

I I Security Deposits

Unsecured, considered good 3,27,146 3,25,018

TOTAL 3,27,146 3,25,018

Note - 8: Inventories

(As Certified by Management)

Particulars As at


31st March 2013

I I

A. Finished goods (Valued at lower of cost or net realisable value) 14,19,950

16,26,142 B. Grey Cloth - 10,360 Total 14,19,950 16,36,502



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Note - 9 : Trade Receivables

Particulars As at


31st March 2013

I I Trade receivables outstanding for a period less than six months from the date they are due for payment

88,91,807 92,08,102

88,91,807 92,08,102

Trade receivables outstanding for a period exceeding six months from the date they are due for payment

Unsecured, considered good 3,15,000 7,25,544

3,15,000 7,25,544

Total 92,06,807 99,33,646

Note - 10: Cash and cash equivalents

Cash and cash equivalents As at


31st March 2013

I I a. Balances with banks

On current accounts 20,876 1,23,365

Bank deposits with more than 12 months maturity 5,000 5,000

b. Cash on hand 28,893 29,907

c. Others

- Debenture Interest Account 8,711 8,823

Total 63,479 1,67,094

Note - 11 : Short-term loans and advances

Particulars As at


31st March 2013

I I Income Tax 8,67,387 86,09,343

Mat Entitlement Credit 68,62,696 65,58,259

Total 77,30,083 1,51,67,602



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Note - 12 : Revenue from operations

Particulars

For the year ended

31 March 2014

For the year ended

31 March 2013

I I Revenue from operations Sale of products Finished goods 2,75,34,722 2,98,81,803 Revenue from operations ( net ) 2,75,34,722 2,98,81,803

Detail of Sales

Particulars

For the year ended

31 March 2014

For the year ended

31 March 2013

I I Finished goods sold Domestic 2,75,34,722 2,98,81,803 2,75,34,722 2,98,81,803 Revenue from operations ( net ) 2,75,34,722 2,98,81,803

Note - 13 : Other income

Particulars

For the year ended

31 March 2014

For the year ended

31 March 2013

I I Interest Income 61,053 58,685 Sundry Balance written back - 26,927

Total 61,053 85,612

Note - 14 : Purchases

Particulars

For the year ended

31 March 2014

For the year ended

31 March 2013

I I Inventory at the beginning of the year 10,360 10,080 Add : Purchase 2,47,01,091 2,80,10,132 Less : Inventory at the end of the year - 10,360 Purchases 2,47,11,451 2,80,09,852



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Note - 15 : Increase (-) / decrease (+) in inventories

Particulars

For the year ended

31 March 2014

For the year ended

31 March 2013

I I Inventory at the end of the year Finished Goods 14,19,950 16,26,142 Inventory at the beginning of the year Finished Goods 16,26,142 12,50,780 Increase (-) / decrease (+) in inventories 2,06,192 (3,75,362)

Note - 16 : Finance costs

Particulars

For the year ended

31 March 2014

For the year ended

31 March 2013

I I Bank Charges 129 6,878 Total 129 6,878

Note - 17 : Employees Benefit expenses

Particulars For the year

ended 31 March 2014

For the year ended

31 March 2013

Salary 1,32,210 42,000 Bonus 12,881 3,500 Staff welfare - 800

Total 1,45,091 46,300



- 29 -


Note - 18 : Other expenses

Particulars

For the year ended

31 March 2014

For the year ended

31 March 2013

I I Sales Incentive 4,15,143 93,376 Postage 31,390 30,422 Listing & Filing Fees 35,383 2,196 Advertising and business promotion 38,960 34,480 Commission and brokerage - 83,341 Printing and stationary 70,183 63,788 Legal and professional fees 76,095 98,024 Rent Rates & Taxes 62,500 65,000 Auditor's remuneration 84,270 84,270 Miscellaneous expenses 12,625 16,476 Sundry Balances Written off 1,08,688 -

Total 9,35,237 5,71,373

Payments to auditor

Particulars

For the year ended

31 March 2014

For the year ended

31 March 2013

I I For Audit Fee 56,180 56,180 For Tax Audit Fee 28,090 28,090 For Certification & Others - -

Total 84,270 84,270



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SCHEDULE FORMING PART OF NOTES TO ACCOUNT

Note “1A” Significant Accounting Policies & Notes to Accounts for the year ended 31st March, 2014 A. SIGNIFICANT ACCOUNTING POLICIES

a) Basis of Preparation of Financial Statement

The company follows the mercantile system of accounting and recognizes income and expenditure on accrual basis. The accounts are prepared on historical cost basis as a going concern and are consistent with generally accepted accounting principles.

b) Inventories

Inventories are valued at lower of cost or Net Realisable Value.

c) Revenue Recognition

Domestic sales are accounted for on dispatch of goods to customers. Sales are accounted for net of sales return.

d) Taxation

(i) Provision for current Tax is made with reference to taxable income computed for the accounting period, for which the financial statements are prepared by the tax rates as applicable.

(ii) Deferred Tax is recognized on timing differences between the accounting income and the taxable income for the year, and quantified using the tax rates and laws enacted or substantively enacted as on the Balance Sheet date.

Deferred Tax assets are recognized and carried forward to the extent that there is a reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be realized.

e) Provisions , contingent liabilities and contingent assets

A provision is recognized when the Company has a present obligation as a result of past event and it is probable that an outflow of resources will be required to settle the obligation, in respect of which reliable estimate can be made. Provisions (excluding retirement benefits) are not discounted to its present value and are determined based on



- 31 -

best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates. Contingent liabilities are not recognized in the financial statements. A contingent asset is neither recognized nor disclosed in the financial statements.

B. NOTES TO ACCOUNTS

a. Segmental Reporting

The Company is mainly engaged in the business of trading and manufacturing of textiles considering the nature of business and financial reporting of the Company, the Company has only one segment viz; textile products as reportable segment.

b. Capital Commitment I NIL (I NIL)

c. Earning & Expenditure in foreign currency I NIL (I NIL)

d. Contingent liabilities

(Amount in I) Particulars March 2014 March 2013Disputed demand for Octroi Charge 15,57,488 15,57,488

e. Earning Per Share

(Amount in I) Particulars 31/03/2014 31/3/2013

Net Profit available for equity shareholders.

10,81,361 10,90,696

No. of Weighted Average Equity Shares 15,50,395 15,50,395

Nominal Value Per Share (I) 10 10

Basic & Diluted EPS 0.70 0.70

f. Related Parties Disclosure:

Key Management Personnel;

(i) Shri Sharad Sureka

(ii) Shri S. Subramani

(iii) Shri Bhimsen Mittal

(iv) Shri Dilip Kumar Sanghai

There is no transaction with related parties.



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g. Figures of previous years have been regrouped /rearranged wherever necessary. Figures in bracket indicate previous year figures.

For V.K. BESWAL & ASSOCIATES For and on behalf of the Board of Directors CHARTERED ACCOUNTANTS FIRM REG. NO.: 101083W Sd/- Sd/- Sharad Kumar Sureka Subramani Seetharaman Director Director CA K V BESWAL Partner Membership Number: 131054

Sd/- PLACE : Mumbai Dilip Sanghai DATED : May 30, 2014 Director



- 33 -

SCHEDULES FORMING PART OF THE BALANCE SHEET AND PROFIT & LOSS ACCOUNT AS ON 31ST MARCH, 2014

ADDITIONAL INFORMATION UNDER PART IV OF SCHEDULE VI TO THE COMPANIES ACT, 1956

BALANCE SHEET ABSTRACT AND COMPANY’S GENERAL BUSINESS PROFILE

I. REGISTRATION DETAILS

State Code : 11 Registration No. : 38265

Balance Sheet Date : 31.03.2014

II. CAPITAL RAISED DURING THE YEAR

Public Issue : N I L Right Issue : N I L

Bonus Issue : N I L Private Placement : N I L

III. POSITION OF MOBILIZATION AND DEPLOYMENT OF FUNDS : (Amounts In I)

Total Liabilities : 1,90,51,599 Total Assets : 1,90,51,599

SOURCES OF FUNDS

Paid Up Capital : 1,55,03,950 Reserves & Surplus : (73,83,507)

Secured Loans : - Unsecured Loans : -

APPLICATION OF FUNDS

Net Fixed Assets : - Investments : -

Misc. Expenditure : - Accumulated Losses : -

IV. PERFORMANCE OF THE COMPANY

Turnover : 2,75,34,722 Total Expenditure : 2,59,98,100

(Loss)/Profit Before Tax : 15,97,675 (Loss)/Profit After Tax : 10,87,268

Earnings Per Share In I : 0.70 Dividend Rate % : N I L

V. GENERIC NAMES OF THREE PRINCIPAL PRODUCTS/SERVICES OF THE COMPANY (As Per Monetary Terms)

Item Code No. (ITC Code) : 520811-59

Product Description : Cotton Fabrics

Item Code No. (ITC Code) : 540831-02

Product Description : Man Made Fabrics

Item Code No. (ITC Code) : NIL

Product Description : NIL

For V.K. BESWAL & ASSOCIATES, For SHIVA SUITINGS LIMITED CHARTERED ACCOUNTANTS FIRM REGN NO 101083W Sd/- Sd/- CA K. V. BESWAL Sharad Kumar Sureka Subramani Seetharaman [PARTNER] Director Director M.NO.:131054 Sd/- PLACE : Mumbai Dilip Sanghai DATED : May 30, 2014 Director



- 34 -

CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2014

PARTICULARS

I I

2013-14 2012 -13

A) CASH FLOW FROM OPERATING ACTIVITIES

NET PROFIT BEFORE TAX 15,97,675 17,08,374

Add/(less)

Interest Income (61,053) (58,685)

OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES 15,36,622 16,49,689

Adjustment for :

Inventory 2,16,552 (3,75,642)

Trade and other Receivables 7,26,839 (19,833)

Trade Payables & Provisions (19,77,996) 2,96,581

Other Liabilities (2,28,250) 95,491

Loans and Advances (2,128) (16,309)

Cash Generation from Operations (12,64,983) (19,712)

Less : Direct Taxes paid (4,36,307) (16,32,103)

NET CASH FROM OPERATING ACTIVITIES (A) (1,64,668) (2,126)

B) CASH FLOW FROM INVESTING ACTIVITIES

Interest Income 61,053 58,685

Purchase / Sale of Fixed Assets/ Investment - -

NET CASH FLOW FROM INVESTING ACTIVITIES (B) 61,053 58,685

C) CASH FLOW FROM FINANCING ACTIVITIES

Receipt of Calls in arrears - 26,000

NET CASH USED IN FINANCING ACTIVITIES [C] - 26,000

NET INCREASE IN CASH AND CASH EQUIVALENT (1,03,615) 82,559

CASH & CASH EQUIVALENTS AS AT THE COMMENCEMENT OF THE YEAR

1,67,094 84,535

CASH & CASH EQUIVALENTS AS AT THE END OF THE YEAR 63,479 1,67,094

NOTE : ALL FIGURES IN BRACKETS ARE OUTFLOWS.


SHIVA SUITINGS LIMITED CIN : L17110MH1985PLC038265

Registered Office : 384-M, Dabholkarwadi, 3rd Floor, Kalbadevi Road, MUMBAI – 400002.

ATTENDANCE SLIP

PLEASE COMPLETE THIS ATTENDANCE SLIP AND HAND IT OVER AT THE ENTRANCE OF THE MEETING HALL.

Details of Shareholders

No. of Shares held Folio No.

Client ID No. DP ID No.

Name(s) of the Shareholder(s) Proxy (IN BLOCK CAPITALS)

__________________________________________________________________________________________________________

Address : _______________________________________________________________________________________________

__________________________________________________________________________________________________________

I/We hereby record my/our presence at the 28th Annual General Meeting of the SHIVA SUITINGS LIMITED held at “The Shikarpuri Shroff Association Hall, 384-M, Dabholkarwadi, 3rd Floor, Kalbadevi Road, MUMBAI – 400002 on Monday, September 29, 2014 at 11.30 a.m.”

Signature of the Shareholder(s) / Proxy ________________________________________________________________________________ Note : No duplicate Attendance Slip will be issued at the Meeting Hall. You are requested to bring

your copy of the Annual Report to the Meeting. …………………………………………………………………………………………………………

- 1 -

Form No. MGT-11 Proxy form

[Pursuant to section 105(6) of the Companies Act, 2013 and rule 19(3) of the Companies Management and Administration) Rules, 2014]

CIN : L17110MH1985PLC038265

Name of the company : SHIVA SUITINGS LTD Registered office : 384-M, DABHOLKARWADI, 3RD FLOOR, KALBADEVI ROAD, MUMBAI – 400002. Name of the member (s): Registered address: E-mail Id: Folio No/Client Id: DP ID: I/We, being the member (s) of ………. shares of the above named company, hereby appoint

1. Name: ……………………

Address:

E-mail Id:

Signature:…………… or failing him 2. Name: ……………………

Address:

E-mail Id:

Signature:……………., or failing him

3. Name: ……………………

Address:

E-mail Id:

Signature:…………….

- 2 -

as my/our proxy to attend and vote (on a poll) for me/us and on my/our behalf at the 28th Annual General Meeting of the company, to be held on the Monday, September 29, 2014 at 11.30 a.m. at “The Shikarpuri Shroff Association Hall, 384-M, Dabholkarwadi, 3rd Floor, Kalbadevi Road, MUMBAI – 400002” and at any adjournment thereof in respect of such resolutions as are indicated below:

Resolution No.

1…………………………………

2…………………………………

3…………………………………

4………………………………… Signed this…… day of……… 20…… Signature of shareholder ……………………… Signature of Proxy holder(s) ……………………… Note : This form of proxy in order to be effective should be duly completed and

deposited at the Registered Office of the Company, not less than 48 hours before the commencement of the Meeting.

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shiva suitings limited€¦ · 28th annual report 2013-14 - 3 - notice of annual general meeting...

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