TO, The Members of Shreenath Investment Company Limited
 
 The Directors has pleasure in presenting the Annual Report and the
 Audited Statement of Accounts for the year ended 31st March 2012.
 
 PROFIT/LOSS FOR THE YEAR:
 
 The company has made the profit of Rs. 1,06,12,705/- during the year
 ended on 31st March 2012 after providing for Income Tax.
 
 PARTICULARS OF EMPLOYEES;
 
 There are no employees drawing remuneration exceeding the prescribed
 limit set out in the provisions of Section 217(2A) of the Companies
 Act, 1956.
 
 AUDITORS :
 
 The members are required to appoint the auditors and fix their
 remuneration. M/s. Khimji Kunverji & Co. the auditors of the company,
 retires at the forthcoming Annual General Meeting and being eligible
 after themselves for reappointment.
 
 RESPONSIBILITIES STATEMENT:
 
 Pursuant to Section 217(2AA) of the Companies Act, 1956, your Directors
 confirm:
 
 (a) That the applicable accounting standards have been followed in the
 preparation of the annual accounts.
 
 (b) That the directors had selected such accounting policies and
 applied them consistently and made judgments and estimates that are
 reasonable and prudent so as to give true and fair view of the state of
 affairs of the company at the end of the financial year and of the
 profit and loss of the company for that period.
 
 (c) That the directors had taken proper and sufficient care for the
 maintenance of adequate accounting records in accordance with the
 provision of this act for safe guarding the assets of the company and
 for preventing and detecting fraud and other irregularities.
 
 (d) That the directors have prepared the annual accounts on a going
 concern basis.
 
 CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE.
 EARNINGS and OUTGO:
 
 There is no foreign exchange, earning and outgo under review. The
 information regarding conservation of energy and technology absorption
 are not applicable to the company.
 
                              For & Behalf of the Board of Directors
 
                                              Director
 
 30th May 2012