To, The Members of Ravinay Trading Company Limited
 
 The Directors have pleasure in presenting their Report on the
 operations of the Company, together with the Audited Accounts for the
 financial year ended 31st March, 2012.
 
 FINANCIAL HIGHLIGHTS :
 
 Particulars                         Year ended       Year ended
                                     31.03.2012       31.03.2011
 
 Total Income                       9,54,42,951        23,53,559
 
 Total Expenditure                  9,21,49,472         6,23,276
 
 Profit / (Loss) Before Taxes         32,93,479        17,30,283
 
 Less: Provision for Tax               7,00,000         5,45,000
 
 Less: Provision for Deferred 
 Taxation                                 1,426            1,798
 
 Less: Short/(Excess) 
 Provision of Tax                     (1,45,749)          96,793
 
 Less: Income tax in respect 
 of earlier year                       3,70,070              -
 
 Profit / (Loss) After Tax            23,67,732        10,86,692
 
 Add: Balance brought forward 
 from previous year                 4,11,22,187        41,86,341
 
 Balance Carried to Balance Sheet   4,34,89,919        52,73,033
 
 BUSINESS OUTLOOK:
 
 The Profit after tax is Rs. 23,67,732/- as compared to previous year
 (2010-11) which was Rs. 10,86,692/- 
 
 FUTURE PROSPECTS:
 
 During the year,Om Vashistha Developers which was a partnership
 firm converted into proprietorship firm w.e.f. 18th November, 2010 &
 the Company is controlling 100% stake in the said firm. It is
 developing a residential cum commercial project at Ramwadi Bail Bazar,
 Kalyan (W) and the project is in full swing, as on date 7th Floor of
 the building is completed i.e. 25% of the construction has been
 completed and the work is under progress. The project is expected to be
 completed by the end of 2014.
 
 Mark Developers is a partnership firm with 50% share of Company &
 is developing a residential cum commercial complex at Dindoli within
 the limit of Surat Municipal Corporation. The project is under
 construction i.e. 50% of the work is done as of date. Further the
 Company is planning to adopt more projects in real estate in the near
 future.
 
 SCHEME OF ARRANGEMENT
 
 The Board of the Directors of your Company has unanimously approved at
 its meeting held on 8th October, 2011, the Scheme of Arrangement under
 Section 391 to 394 of the Companies Act, 1956, comprising of Merger of
 Wholly owned Subsidiary Company i.e. M/s. Vinaykumar Family Trading
 (the Transferor Company) and Holding Company Limited with Ravinay
 Trading Company Limited (the Transferee Company). Further, The High
 Court, Mumbai has approved/ sanctioned under Sections 391 to 394 of the
 Companies Act, 1956, the Scheme of Amalgamation of Vinaykumar Family
 Trading and Holding Company Limited with Ravinay Trading Company
 Limited vide order dated 3rd August, 2012.
 
 DIVIDEND:
 
 Your Directors do not recommend any dividend for the financial year
 2011-12 with a view to conserve the resources for future.
 
 DIRECTORS:
 
 Mr. Vardhman Mishrilal Jain, Director of the Company, retires by
 rotation and being eligible, offers himself for re- appointment at the
 ensuing Annual General Meeting.
 
 CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION. FOREIGN EXCHANGE
 EARNINGS AND OUTGO:
 
 The provision of Section 217(1)(e) of the Companies Act, 1956 read with
 Companies (Disclosure of Particulars in the Report of Board of
 Directors) Rules 1998, are not applicable to the Company as the Company
 is not doing any manufacturing activity.
 
 The Company has not earned or expended any foreign exchange during the
 year under the review.  
 
 PARTICULARS OF EMPLOYEES:
 
 The Company does not have any employee in receipt of remuneration equal
 to or exceeding the limits prescribed under Section 217(2A) of the
 Companies Act, 1956, read with the Companies (Particulars of Employees)
 Rules, 1975 as amended.
 
 DIRECTORS'' RESPONSIBILITY STATEMENT:
 
 Pursuant to the requirement under Section 217 (2AA) of the Companies
 Act, 1956 with respect to the Director''s Responsibilities Statement,
 it is hereby confirmed:
 
 (i) That in the preparation of the Annual Accounts for the financial
 year ended 31st March 2012, the applicable accounting standards had
 been followed along with proper explanation relating to material
 departures.
 
 (ii) That the Directors had selected such accounting policies and
 applied them consistently and made judgments and estimates that were
 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 and of the
 profit or loss of the Company for the year under review.
 
 (iii) That the Directors had 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.
 
 (iv) That the Directors had prepared the Annual Accounts for the
 financial year ended 31st March 2012 on a ''going concern'' basis.
 
 AUDITORS:
 
 The Auditors of the Company, M/s. CLB & Associates., Chartered
 Accountants hold office till the conclusion of the 31st Annual General
 Meeting and being eligible offer themselves for re-appointment.
 
 COMMENT ON AUDITORS'' REPORT:
 
 M/s. CLB & Associates., Chartered Accountants, Mumbai, the Statutory
 Auditors of your Company, submitted their reports for the year ended
 31st March, 2012 which are self explanatory and requires no comments or
 explanation under Section 217(3) of the Companies Act, 1956.
 
 PUBLIC DEPOSITS:
 
 During the Financial Year 2011-12, the Company has not accepted any
 fixed deposits from public within the meaning of the Companies Act,
 1956.
 
 LISTING:
 
 At present, 30,00,000 Equity Shares of the Company are listed at the
 Bombay Stock Exchange Limited (BSE). The Company has paid the
 applicable Annual listing fees to the BSE for the year 2012-13.
 
 SUBSIDIARY COMPANY:
 
 The Company does not have any Subsidiary Company by virtue of High
 Court Order dated 3rd August, 2012.  
 
 DEMATERIALISATION OF SHARES:
 
 The Company has established the connectivity with National Securities
 Depository Limited (NSDL) and Central Depository Services (India)
 Limited with activated I SI N- INE812K01019, the shareholders have
 option to dematerialize their shares with CDSL as well as NSDL.
 
 CORPORATE GOVERNANCE:
 
 Your Company is committed to maintain the highest standards of
 Corporate Governance. Your Directors adhere to the stipulations set out
 in the Listing Agreement with the Stock Exchanges.
 
 A report on Corporate Governance as stipulated under Clause 49 of the
 Listing Agreement with the Stock Exchanges, forms part of this Annual
 Report.
 
 Certificate from the Auditors of the Company, M/s. CLB & Associates.,
 Chartered Accountants regarding compliance of conditions of Corporate
 Governance as stipulated under the aforesaid Clause 49, is annexed to
 this Annual Report.
 
 MANAGEMENT DISCUSSION AND ANALYSIS REPORT:
 
 Management Discussion and Analysis Report for the year under review, as
 stipulated under Clause 49 of the Listing Agreement with the Stock
 Exchange, is annexed to this Annual Report.
 
 SECRETARIAL COMPLIANCE REPORT:
 
 Since your Company comes within the purview of the Section 383A of the
 Companies Act, 1956, it has to obtain Compliance Certificate from the
 Practicing Company Secretary. The Company had approached M/s. Deep
 Shukla & Associates., Practicing Company Secretaries, Mumbai for
 Secretarial Audit Report of the Company for the financial year 2011-12
 and the same is attached with this report.
 
 ACKNOWLEDGEMENTS:
 
 The Directors take the opportunity to thank all investors, business
 partners, clients, vendors, bankers, employees, Statutory Auditors and
 advisors for their continuous support during the year.
 
                                     For Ravinay Trading Company Limited 
 
 Date : 27th August, 2012                  Sd/-               Sd/-
 
 Place: Mumbai                           R.V.Ruia       Vardhman M. Jain
 
                                         Director           Director