The Directors hereby present the Twenty FirstAnnualReport together
 with the Audited Accounts of the company for the fnancial year ended
 31st March, 2012.
 
 FINANCIAL HIGHLIGHTS :
 
 The fnancial highlights for the current year in comparison to the
 previous year are as under:
 
                                                         (Rs. In Lacs)
 
 Particulars                               Current Year  Previous Year
                                              (2011-12)      (2010-11)
 
 Total Income                                    46.50          10.64
 
 Total Expenditure                               26.27           9.18
 
 Proft before tax                                20.22           1.46
 
 Provision for taxation
 (Current, previous Years 
 and Deferred Tax)                               (6.38)         (3.36)
 
 Proft after taxation                            13.85           4.82
 
 Add: Balance brought forward from 
 previous year                                   12.32           8.47
 
 Proft available for appropriation               26.17          13.29
 
 Appropriations:
 
 Transfer to statutory reserve                    2.77           0.96
 
 Balance Transferred to SURPLUS                  23.40          12.32
 
 REVIEW OF FINANCIAL PERFORMANCE :
 
 During the year under review, the interest income from loans granted
 was Rs.46.50 Lacs as against Rs.10.63 lacs for the previous year. The
 substantial increase in revenues is on account higher realization of
 Trade Receivables / earnings of interest on fnances made by it. The
 operations of the Company have resulted in Proft After Tax of Rs.13.85
 Lacs as against Rs. 4.82 lacs in the previous, which is on account of
 the higher realization.
 
 DIVIDEND:
 
 With a view to conserve resources for long term needs of the Company,
 your Directors do not recommend any dividend for the fnancial year
 2011-12
 
 FIXED DEPOSITS :
 
 The company has neither accepted nor renewed any deposits falling
 within the provisions of Section 58Aof the Companies Act, 1956 read
 with the Companies (Acceptance of Deposits) Rules, 1975 from the public
 during the fnancial year.
 
 CORPORATE GOVERNANCE :
 
 The Company has implemented the procedures and adopted practices in
 conformity with the Code of Corporate Governance enunciated in Clause
 49 of the Listing Agreement with the Stock Exchanges
 
 Pursuant to clause 49 of the listing agreement a Management Discussion
 and Analysis, Corporate Governance Report and Auditor''s Certifcate
 regarding compliance of conditions of corporate governance constitute
 integral part of the Annual Report.
 
 DIRECTORS :
 
 Sri Devendra Kumar Garg retire at the ensuing Annual General Meeting
 and being eligible, offer himself for re-appointment.
 
 During the year, Sri. Ranjeev Ved Malik was appointed as Additional
 Directors w.e.f 16.04.2012.  As per the provisions of Section 260 of
 the Companies Act, 1956 his term of offce is due to expire at the
 conclusion of this Annual General Meeting. The Company has received
 notices in writing, proposing their appointment as Director of the
 Company. The relevant resolution proposing his appointment as Director
 is included in the Notice of the Annual General Meeting for your
 approval.
 
 AUDITORS :
 
 The Auditors M/s. V. Goyal & associates, Chartered Accountants,
 Kolkata, retire at the ensuing Annual General Meeting and being
 eligible, offer themselves for re-appointment. Your company has
 received a certifcate from the auditors to the effect that their
 appointment, if made would be within the limits of Section 224(1 B) of
 the Companies Act,1956.
 
 AUDITORS REPORT:
 
 The auditors have given their report on the Annual Accounts of the
 Company and there is no reservation or qualifcation made by them. The
 notes given in the Auditors Report are self- explanatory and needs no
 further clarifcation
 
 STATUTORY AND OTHER INFORMATION :
 
 There are NO employees falling within the purview of Section 217(2A) of
 the Companies Act, 1956 read with Companies (Particulars of Employees)
 Rules, 1975.
 
 There was no expenditure or income in foreign currency during the year
 under review. Since your Company does not own any manufacturing unit
 the disclosure of information on the matter Required to be disclosed in
 terms of section 217(1) (e) of the Companies act 1956 read with the
 Companies (Disclosure of Particulars in Report of Board of Directors)
 Rules, 1988, is not applicable and hence not given.
 
 DIRECTORS'' RESPONSIBILITY STATEMENT:
 
 The Directors of your Company hereby report:
 
 (i) that in the preparation of Annual Accounts for the fnancial year
 ended 31st March , 2012, the applicable accounting standards have been
 followed along with the proper explanation relating to material
 departures, if any, there from;
 
 (ii) 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 fnancial year and of the
 proft and loss of the company for that period:
 
 (iii) that the directors have taken proper and suffcient care for the
 maintenance of adequate accounting records in accordance with the
 provisions of this Act for safeguarding the assets of the company and
 for preventing and detecting fraud and other irregularities
 
 (iv) that the directors have prepared the annual accounts on a going
 concern basis.
 
 ACKNOWLEDGEMENTS:
 
 Your directors place on record their appreciation for the sense of
 commitment and sincerity shown by the employees They also place on
 record their deep admiration and acknowledge with gratitude for the
 support and co-operation extended by the clients, bankers, investors
 and shareholders at large for their unwavering support throughout the
 year.
 
                                       BY ORDER OF THE BOARD
                               For GOLECHHA GLOBAL FINANCE LIMITED
 
                                              Sd/-
 Place : Kolkata                       Gyan Swaroop Garg
 
 Date  : 10.08.2012                    Managing Director