AFFLUENCE

CIN: U26932GA1987PTC006287

Reg Office: Plot No.1, Honda Industrial Estate, Phase II, Honda Sattari, Honda, Goa- 403530

DIRECTORS' REPORT

YourDirectorsarepleasedtopresenttheAnnualReportofthecompanyalongwiththeAuditedStatementsofAccountsandtheAuditor?s Report for the financial year ended 31st March, 2016.

1)

FINANCIAL RESULTS

The Company?s financial performance, for the year ended March 31, 2016 is summarised below:

2014-15 (Rs. in Lakh.)

Particulars

2015-16 (Rs. in Lakh.)

Revenue from Operations

95,719.00

1,00,898.62

Other Income

206.11

113.05

Depreciation & Amortization

(2,852.54)

(2,854.51)

Profit before Tax and before Exceptional items

2,238.14

4,069.06

Tax Expense:

Current Tax

(881.77)

(484.33)

Deferred Tax

(75.79)

(37.69)

Profit After Tax

3,111.50

1,716.12

2)

DIVIDEND

The Directors do not recommend any dividend for the financial year ended 31.03.2016.

3)

TRANSFER TO RESERVES

The Directors have not transferred any amounts to Reserves for the financial year ended 31.03.2016.

4)

DIRECTORS? RESPONSIBILITY STATEMENT

PursuanttoSection134(5)oftheCompaniesAct,2013,theboardofdirectors,tothebestoftheirknowledgeandability,confirm that:

i.

inthepreparationoftheannualaccounts,theapplicableaccountingstandardshavebeenfollowedandtherearenomaterialdepartures;

ii.

theDirectorshaveselectedsuchaccountingpoliciesandappliedthemconsistentlyandmadejudgmentsandestimatesthatarereasonableandprudentsoastogiveatrueandfairviewofthestateofaffairsoftheCompanyasatMarch31,2016andof the profit of the Company for the year ended on that date;

iii.

theDirectorshavetakenproperandsufficientcareforthemaintenanceofadequateaccountingrecordsinaccordancewiththeprovisionsoftheCompaniesAct,2013forsafeguardingtheassetsoftheCompanyandforpreventinganddetectingfraud and other irregularities;

iv.

the Directors have prepared the annual accounts on a going concern basis;

v.

theDirectorshavedevisedpropersystemstoensurecompliancewiththeprovisionsofallapplicablelawsandthatsuchsystems were adequate and operating effectively.

5)

NUMBER OF MEETINGS OF THE BOARD

DuringtheFinancialyearendedMarch31,2016TwentyFiveMeetings(08-04-2015,17-04-2015,18-04-2015,25-04-2015,07-05-2015,22-05-2015,04-06-2015,29-07-2015,17-08-2015,21-09-2015,25-09-2015,06-10-2015,12-10-2015,30-10-2015,09-11-2015,27-11-2015,04-12-2015,11-12-2015,15-12-2015,29-12-2015,07-01-2016,28-01-2016,01.02.2016, 01-03-2016 & 22-03-2016) of the Board of Directors were held.

Name of Director

Number of meetings during the financial year 2015-16

Sr. No.

Entitled to Attend

Attended

1

25

25

Jayant Shamji Chheda

2

Parag Jayant Chheda

25

25

3

25

Vipul Jayant Chheda

25