e-mail: consecutive investments website: cin: date:06.09.2019 … · 2019-09-06 · sm ita mu rark...

Consecutive investments

Regd. Office: 23, Ganesh Chandra Avenue, 3'dFloor, Kolkata - 700 013Phone No. : 033-22114457, Fax: 033-22115493E-mail: [email protected]@consecutiveinvestment.comWebsite: www.consecutiveinvestments.comCIN : L67120WB1982PLC035452

Date: 06.09.2019

To,The Listing DepartmentThe BSELtd.Phiroze Jeejeebhoy Towers25th Floor, Dalal StreetMumbai- 400001

SCRIPT ID : CITLSCRIPT CODE: 539091

Dear Sir jMadam,

Sub:- Re-submission of Notice of 37th Annual General Meetinl: (AGM) and AnnualReport for the Financial Year 2018-19.

This is to inform you that there is some Typographical Error in the Annual Report of the Companywhich was uploaded on the BSE Portal on Dated 31.08.2019. So here we are uploading RectifiedAnnual Report for Financial Year 2018-2019 along with Notice of 37th AGM.

Pursuant to Section 34(1) of Securities Exchange Board of India (Listing Obligations and Disclosurerequirements) Regulations, 2015 ("Listing Regulations"), Please find enclosed a copy of AnnualReport for the Financial Year 2018-2019 together with the Notice of AGM.

The Annual Report for the Financial Year 2018-2019 is also available on the website of theCompany www.consecutiveinvestments.com.

Kindly take the same on your records.

Thanking You

Yours FaithfullyFor, CONSECUTIVEINVESTMENTS & TRADING COMPANY LIMITED..i,Nabin Kumar Samanta(Company Secretary & Compliance Officer)

- -

2018 - 2019

CONSECUTIVE

INVESTMENTS &

TRADING COMPANY

LIMITED

37TH ANNUAL REPORT

2018 - 2019

INDEX OF CONTENTS

SL. No. PARTICULARS

1. NOTICE

2. DIRECTORS REPORT & ANNEXURES

3. ANNEXURE I – PROFILE OF ROTATIONAL DIRECTOR

4. ANNEXURE II – ASSOCIATE COMPANY DETAILS (AOC -1)

5. ANNEXURE III – SECRETARIAL AUDIT REPORT

6. ANNEXURE IV – MGT-9 (EXTRACT OF ANNUAL RETURN)

7. ANNEXURE V – RELATED PARTY DETAILS (AOC - 2)

8. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

9. INDEPENDENT AUDITORS REPORT FOR CONSOLIDATED FINANCIAL STATEMENTS

10. CONSOLIDATED FINANCIAL STATEMENTS

11. INDEPENDENT AUDITORS REPORT FOR STANDALONE FINANCIAL STATEMENTS

12. STANDALONE FINANCIAL STATEMENTS

13. ATTENDENCE SLIP & PROXY FORM

2018 - 2019

CAPITAL

AUTHORISED CAPITAL Rs. 5, 00, 00,000 of 50, 00,000 lacs shares of Rs. 10/- each PAID UP CAPITAL Rs. 3, 00, 75,000 of 30, 07,500 lacs shares of Rs. 10/- each

BOARD OF DIRECTORS DIRECTORS

VIJAY KUMAR JAIN – Managing Director

SMITA MURARKA – Non Executive Director

SUBODH KUMAR JAIN – Independent Director

RINKU ADHIKARY _ Independent Director

CHIEF FINANCIAL OFFICER

VIJAY VASISTH

COMPANY SECRETARY & COMPLIANCE OFFICER

NABIN KUMAR SAMANTA

AUDIT COMMITTEE

VIJAY KUMAR JAIN

SUBODH KUMAR JAIN

RINKU ADHIKARY

NOMINATION & REMUNERATION COMMITTEE

SMITA MURARKA

SUBODH KUMAR JAIN

RINKU ADHIKARY

SHAREHOLDERS GRIEVANCE COMMITTEE

SMITA MURARKA

SUBODH KUMAR JAIN

RINKU ADHIKARY

RISK MANAGEMENT COMMITTEE VIJAY KUMAR JAIN SMITA MURARKA SUBODH KUMAR JAIN RINKU ADHIKARY

REGISTERED OFFICE 23, Ganesh Chandra Avenue,

3rd Floor, Kolkata -700013 West Bengal Tele Fax No-033 2211-5493 Email Id: [email protected] Website: www.consecutiveinvestments.com CIN: L67120WB1982PLC035452

mailto:[email protected]

http://www.consecutiveinvestments.com/

2018 - 2019

REGISTRAR & SHARE TRANSFER AGENT Maheshwari Datamatics Private Limited 5th floor, 23, R.N. Mukherjee Rd, Lal Bazar, Kolkata, West Bengal 700001

STATUTORY AUDITOR

R JAIN & ASSOCIATES (Chartered Accountants) Inside Rattanlal, Surajmull Compound Main Road, Ranchi Jharkhand-834001

INTERNAL AUDITOR PRATIK KHERIA & CO. Chartered Accountants FRN :329185E MNO:303320

SECRETARIAL AUDITOR ANJALI MISHRA Practicing Company Secretary 108/6, G.T. Road, Salkia,

4th Floor, Howrah – 711106.

BANKERS ALLAHBAD BANK Stephen House Branch Kolkata – 700 001

STOCK EXCHANGE THE CALCUTTA STOCK EXCHANGE LIMITED BOMBAY STOCK EXCHANGE (BSE limited) ISIN NO - INE187R01011

2018 - 2019

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the 37th Annual General Meeting of the Members of Consecutive

Investments & Trading Company Limited is scheduled to be held on Friday, 27th Day of

September, 2019 at its registered office at 23, Ganesh Chandra Avenue, 3rd Floor, Kolkata – 700

013, West Bengal, India at 11.30 A.M. to transact the following business.

ORIDINARY BUSINESS:

1) To Consider; approve and adopt the Standalone and Consolidated Balance Sheets as on 31st

March, 2019, the profit and Loss Account and Cash Flow Statement for the year ended 31st

March, 2019 together with the Auditors Report thereon and the Report of the Board.

2) To appoint a director in place of Mrs. Smita Murarka (DIN: 07448865), who retires by

rotation and being eligible, offers herself for re-appointment.

3) To appoint Auditor and to fix their remuneration and to pass with or without

modification(s) this will be proposed as an ordinary resolution”.

“RESOLVED THAT pursuant to provision of section 139 and other applicable provision, if

any,, of the companies Act, 2013 read with rules made there under, M/s R Jain & Associates,

Chartered Accountants, (FRN NO.009988C), retiring Auditor of the Company be and hereby

re- appointed as Statutory Auditors of the Company, for the term of next five years to hold

office from the conclusion of 37th Annual General Meeting until the conclusion of 42nd

Annual General Meeting of the Company at such remuneration as may be mutually agreed

between Board of Director of the Company and the Auditors”.

SPECIAL BUSINESS:

4) To consider and, if thought fit, to pass, with or without modification(s), the following Resolution as an Ordinary Resolution.

“RESOLVED THAT pursuant to the provisions of Section 196, 197 and 203 of the Companies Act, 2013 and other applicable provisions, if any, hereby approves re-appointment of MR. Vijay Kumar Jain (DIN: 01376813) as Managing director for a period of 5(five) years with effect from 23rd May, 2019 to 22nd May, 2024 upon the terms and conditions as set out in explanatory statement annexed hereto, including minimum remuneration to be paid in the event of loss or inadequacy of profit in any financial year, with a liberty to the Board of Directors to alter and vary terms and conditions of said re-appointment in such manner as may be agreed between the Board of Directors and Mr. Vijay Kumar Jain”. “RESOLVED FURTHER THAT Board or a committee thereof be and hereby authorized to take all such steps as may be necessary, proper and expedient to give effect to this Resolution”.

Date: 14th August, 2019 By the order of the Board of Directors Registered Office: SD/- 23, Ganesh Chandra Avenue,3

rd Floor Nabin Kumar Samanta

Kolkat-700013 (Company Secretary & Compliance Officer)

2018 - 2019

NOTES:

1. A MEMBER ENTITLED TO ATTEND AND VOTE IS ENTITLED TO APPOINT A PROXY

TO ATTEND AND VOTE ON POLL ON HIS / HER BEHALF AND THE PROXY NEED NOT

BE A MEMBER OF THE COMPANY. Pursuant to Section 105 of the Companies Act, 2013,

a person can act as a Proxy on behalf of not more than fifty members holding in aggregate,

not more than ten percent of the total share capital of the Company. Members holding

more than ten percent of the total share capital of the Company may appoint a single

person as Proxy, who shall not act as a Proxy for any other Member. The instrument of

Proxy, in order to be effective, should be deposited at the Registered Office of the

Company, duly completed and signed, not later than 48 hours before the commencement

of the meeting. A Proxy Form is annexed to this Report. Proxies submitted on behalf of

limited companies, societies, etc., must be supported by an appropriate resolution /

authority, as applicable.

2. Corporate member intending to send their authorize representatives to attend the AGM

are requested to send a certificate copy of the Board resolution to the Company,

authorizing them to attend and vote on their behalf at the AGM.

3. Members, Proxies and Authorized representatives are requested to bring the duly

completed Attendance Slip enclosed herewith to attend the AGM.

4. The Register of Members and Share Transfer books of the Company will remain closed

from 20th September, 2019 to 27th September, 2019 (both days inclusive).

5. As per regulation 40 of SEBI Listing Regulations, as amended, securities of listed

companies can be transferred only in dematerialized form with effect from April1, 2019

except in case of request received for transmission or transposition of securities. In view

of this and to eliminate all risk associated with physical shares and for ease of portfolio

management, members holding shares in physical form are requested to consider

converting their holdings to dematerialized form. Members can contact the company and

company’s Registrar’s Transfer Agents, “Maheshwari Datamatics Private

Limited”(“MDPL”) for assistance in this regard.

6. To support “Green Initiative”, Members who have not yet registered their email address

are requested to register the same with their Depository Participants (“DP”) in case the

shares are held by them in electronic form and with MDPL in case the shares are held in

physical form.

7. The Securities and Exchange Board of India(SEBI) VIDE ITS CIRCULAR DATED April 20,

2018 has mandated registration of Permanent Account Number(PAN) and Bank Account

details for all members holding shares in Physical form. In this regard M/s Maheshwari

Datamatics Private Limited, the Registrar & Share Transfer Agent (RTA)of the Company

had issued three letters to the shareholders dated June 12, 2018, December 1, 2018 and

January 1, 2019 requesting the members to submit PAN and Bank account details to the

“Share Department “ of the Company at the Company’s registered office or the RTA of the

Company. In the same letters the members are also informed that pursuant to SEBI

notification dated June 8, 2018, except in case of transmission or transposition of

2018 - 2019

securities, request for effecting transfer of securities shall not be proceed unless the

securities are held in dematerialized mode with a depository w.e.f. December 5, 2018.

The said date was further extended SEBI vide circular till April1, 2019.

8. Members are requested to intimate changes, if any, pertaining to their name, postal

address, email address, telephone/mobile numbers, Permanent account Number (PAN),

mandates, nominations, bank details, power of attorney, such as name of the Bank and

Branch details, bank account number, MICR codes, IFSC c etc. to their DPs in case the

shares are held in electronic form and to MDPL in case the shares are held in physical

form.

9. As per the provision of section 72 of the Act, the facility of making nomination is available

for the members in respect of the shares held by them. Members who have not yet

registered their nominations are requested to register the same by submitting Form No.

SH-13. The said form can be downloaded from the Company’s website

www.consecutiveinvestments.com. Members are requested to submit the said form to

their DP in case the shares are held in electronic form and to MDPL in case the shares are

held in physical form.

10. Members holding Physical form, in more than one folio are requested to send the

Company or MDPL, the details of such folio together with the share certificates for

consolidating their holdings in one folio. A consolidated share certificate will be issued to

such members after making requisite changes.

11. In case Joint Holders attending the AGM, The Members whose name appears as the first

holder in the order of names as per register of members of the Company will be entitled

to vote.

12. Members seeking any information with regard to accounts are requested to write to the

Company at an early date, so as to enable the management to keep the information ready

at the AGM.

13. Notice of the AGM along with the Annual report 2018-19 is being sent by electronic mode

to those whose email address are registered with the Company/Depositories, unless any

member has requested for a physical copy of the same. For members who have not yet

registered their email address, physical copies are being sent by the permitted mode.

Members may note that notice and Annual report 2018-19 will also be available on the

Company’s website www.consecutiveinvestments.com/Annual Report 2018-19 and on

the website NSDL https://www.evoting.nsdl.com.

14. At the Thirty-Second AGM held on 30th September 2014 the members approved

appointment of R Jain & Associates, Chartered Accountants (Firm Registration no.

009988C) as statutory Auditors of the Company to hold office for a period of five years

from the conclusion of that AGM till the Conclusion of Thirty-seventh AGM, subject to

ratification of their appointment by Members at every AGM, if so required under the ACT.

The requirement to place the matter relation to appointment of auditors for ratification

by members at every AGM has been done away by the Companies (amendments) ACT,


http://www.consecutiveinvestments.com/Annual%20Report%202018-19

https://www.evoting.nsdl.com/

2018 - 2019

2017 with effect from May 7, 2018. Accordingly, No resolution is being proposed for

ratification of appointment of statutory auditors at the Thirty-seventh AGM.

15. Voting through electronic means

i. In compliance with the Section 108 of the Companies Act, 2013 and Rule 20 of the

Companies (Management and Administration) Rules, 2014, as amended by the

Companies (Management and Administration) Amendment Rules, 2015 and Regulation

44 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, the

Company is pleased to provide members facility to exercise their right to vote at the

Annual General Meeting (AGM ) by electronic means and the business may be transacted

through e-Voting Services. The facility of casting the votes by the Members using an

electronic voting system from a place other than venue of the AGM (“remote e-voting”)

will be provided by National Securities Depository Limited (NSDL), on all resolution set

forth in this Notice. The instructions for e-voting are given herein below:

ii. The Board of Directors has appointed Mr. Anurag Fatehpuria, Practicing Company

Secretary (Membership No: 34471, COP No. 12855) as the Scrutinizer to scrutinize the

voting at the AGM and remote evoting process in fair and transparent manner.

iii. The facility for voting either through electronic voting system or poll paper, shall also be

made available at the AGM and the members attending the AGM, who have not already

cast their vote by remote e-voting, may exercise their right to vote at the AGM.

iv. The Members who have cast their vote by remote e-voting prior to the AGM , may also

attend the AGM but shall not be entitles to cast their vote again.

v. A member can vote either by remote e-voting or at the AGM. In case a member votes by

both the mode then vote cast through remote e-voting shall prevail and the vote cast at

the AGM shall be considered invalid.

The procedure to login to e-Voting website consists of two steps as detailed hereunder:

Step 1 : Log-in to NSDL e-Voting system

1. Visit the e-voting website of NSDL. Open web browser by typing the following URL: https://www.evoting.nsdl.com/either on a personal computer or on a mobile.

2. Once the home page of e-voting system is launched, click on the icon” Login” which is available under ‘Shareholders’ section.

3. A new screen will open. You will have to enter your User ID, your password and a verification code as shown on the screen. Alternatively, id you are registered for NSDL

https://www.evoting.nsdl.com/either

2018 - 2019

eservices i.e. IDEAS, you can log-in at https://eservices.nsdl.com/ with your existing IDEAS login. Once you login to NSDL eservices after using your log-in credentials, click on e-voting and you can proceed to step 2 i.e. cast your vote electronically.

4. Your user ID details are given below:

Manner of holding shares i.e. Demat (NSDL/CDSL) or Physical

Your Used ID is:

a) For Members who hold shares in Demat account with NSDL

8 Characters DP ID is followed by 8 Digit Client ID

For example, if your DP Id is IN300*** and Client ID is 12****** then your user ID is IN300***12******

b) For Members who hold shares in Demat account with CDSL

16 Digit Beneficiary ID For example, if your Beneficiary Id is 12************** then your user ID is 12**************

c) For Members holding shares in Physical form

EVEN Number followed by Folio Number registered with the Company For example, if EVEN is 101456 and folio number is 001*** then User ID is 101456001***

5. Your password details are given below:

a) If you are already registered for e-voting , then you can use your existing password to login and cast your vote.

b) If you are using NSDL e-voting system for the first time, you will need to retrieve the “Initial password” which was communicated to you by NSDL. Once you retrieve your “Initial password” you need to enter the “initial password” and the system will force you to change your password.

c) How to retrieve your ‘initial password’?

i) If your email ID is registered in your demat account or with the company, your ‘initial

password’ is communicated to you on your email ID. Trace the email sent to you from

NSDL from your mailbox. Open the email and open the attachment i.e. a .pdf file. Open the

.pdf file. The password to open the .pdf file is your 8 digit client ID for NSDL account, last 8

digits of client ID for CDSL account or folio number for shares held in physical form. The

.pdf file contains your ‘User ID’ and your ‘initial password’

ii) If your email ID is not registered, your ‘initial password’ is communicated to you on your

postal address.

https://eservices.nsdl.com/

2018 - 2019

6. If you are unable to retrieve or have not received the “initial password” or have forgotten your password:

a) Click on “ Forgot User details/password? (if you are holding shares in your demat account with NSDL or CDSL)option available on https://www.evoting.nsdl.com.

b) “Physical User Reset password? (if you are holding shares in physical mode)option available on https://www.evoting.nsdl.com

c) If you are still unable to get the password by aforesaid two options, you can send a request at [email protected] mentioning your demat account number/folio number, your PAN, your name and your registered address.

7. After entering your password, click on Agree to terms and conditions” by selecting on the check box.

8. Now, you will have to click on “Login” button.

9. After you click on the “Login” button, Home page of e-voting will open.

Step 2 : Cast your vote electronically on NSDL e-Voting system.

1. After successful login at Step 1, you will be able to see the Home page of e-voting. Click on e-voting. Then, click on Active Voting Cycle.

2. After click on Active voting cycles, you will be able to see all the companies “EVEN” in which you are holding shares and whose voting cycle is in active status.

3. Select “EVEN” of the Company

4. Now you are ready for e-voting as the voting page opens.

5. Cast your vote by selecting appropriate options i.e. assent or dissent, verify/modify the

number of shares for which you wish to cast your vote and click on “Submit” and also “Confirm” when prompted.

6. Upon confirmation, the message “Vote cast successfully” will be displayed.

7. You can also take the printout of the votes cast by you by clicking on the print option on

the confirmation page. 8. Once you confirm your vote on the resolutions, you will not be allowed to modify your

vote.




2018 - 2019

General Guidelines for Shareholders

1. Institutional shareholders (i.e. other than individuals, HUF, NRI etc.) are required to send

scanned copy (PDF/JPG Format) of the relevant Board Resolution/ Authority letter etc.

with attested specimen signature of the duly authorized signatory(ies) who are authorized

to vote, to the Scrutinizer by e-mail [email protected] to with a copy marked to

[email protected].

2. It is strongly recommended not to share your password with any other person and take utmost care to keep your password confidential. Login to the e-voting website will be disabled upon five unsuccessful attempts to key in the correct password. In such an event, you will need to go through the “Forgot User Details/Password?” or “Physical User Reset Password?” option available on www.evoting.nsdl.com to reset the password

3. In case of any queries, you may refer to the FAQs for shareholders and e-voting user

manual for shareholders available at the download section of

https://www.evoting.nsdl.com or call on toll free no: 1800-222-990 or send a request at

[email protected]

Other Instructions:

i. The e-voting period commences on Tuesday, September 24, 2019 (9.00 am) and ends on

Thursday, September 26, 2019 (5.00 pm). During this period, members holding shares either

in Physical form or in dematerialised form, as on Friday, September20th 2019 i.e cut off date,

may cast their vote electronically. The e-voting module shall also be disabled for voting

thereafter. Once the vote on a resolution is cast by the shareholder, the shareholder shall not

be allowed to change it subsequently or cast the vote again.

ii. The voting rights of members shall be in proportion to their shares of the paid up equity share capital of the Company as on the cut-off date. A person whose name is recorded in the register of members or in the register of beneficial owner maintained by the depositories as on the cut off date only shall be entitled to avail the facility of voting, either through remote e-voting or voting at the AGM through electronic voting system or poll paper.

iii. Any person, who acquires shares of the Company and become member of the company after dispatch of the Notice and holding shares as of cut-off date, may obtain the login ID and password by sending a request at [email protected]. However, if he/she is already registered with NSDL for remote e-voting then he/she can use his/her existing User ID and password for casting the votes.

iv. The Scrutinizer shall, immediately after the conclusion of voting at the AGM, first count the votes cast at the Meeting, thereafter unblock the votes cast through remote e-voting in the presence of at least two witness not in the employment of the Company and make, not later than 48 hours of conclusion of the AGM, a consolidated Scrutinizer’s report of the total votes cast in favour or against, if any, to the Chairman or a person authorised by him in writing, who shall countersign the same.



https://www.evoting.nsdl.com/eVotingWeb/commonhtmls/NewUser.jsp

https://www.evoting.nsdl.com/eVotingWeb/commonhtmls/PhysicalUser.jsp

https://www.evoting.nsdl.com/eVotingWeb/commonhtmls/PhysicalUser.jsp

http://www.evoting.nsdl.com/




2018 - 2019

v. The result declared along with the Scrutinizer’s report shall be placed on the Company’s website www.consecutiveinvestments.com and on the website NSDL https://www.evoting.nsdl.com immediately. The Company shall simultaneously forward the results to BSE Limited and the Calcutta Stock Exchange Limited, where the shares of the company are listed. The results shall also be displayed on the Notice Board at the registered office of the Company.

By Order of the Board of Directors Kolkata, August 14, 2019 SD/- Registered Address: Nabin Kumar Samanta 23, Ganesh Chandra Avenue, (Company Secretary & Compliance officer) 3rd Floor, Kolkata-700013



2018 - 2019

EXPLANATORY STATEMENTU/S 102 OF COMPANIES ACT, 2013

As required under section 102 of the Companies Act, 2013(“Act”) the following explanatory statement sets out all material facts relating to business mentioned under the Item No. 3 and Item. No. 4 of the accompanying Notice:

Item No. 3: Re-appointment of Statutory Auditor for a term of five Year

Pursuant to section 139(2) and other applicable provision of Companies Act, 2013, a Company can re-appoint an Audit firm as Auditor for two terms of five consecutive years. M/s R Jain & Associates, Chartered Accountants, (FRN NO.009988C), retires as Auditor of the Company on the conclusion of the 37th Annual General meeting of the Company, In term of section 139 (2) of the companies Act, 2013, M/s R Jain & Associates, Chartered Accountants, be and hereby re-appointed as Statutory Auditors of the Company for the term of next five years to hold office from the conclusion of 37th Annual General Meeting until the conclusion of 42nd Annual General Meeting of the Company. On the recommendation of Audit committee, the Board has decided to pay remuneration of Rs. 15000/- for the financial year 2019-2020.

Item No. 4: Re-appointment of Managing Director for a term of five Years

The Board of Directors in their meeting held on 23rd May, 2019 re-appointed Mr. Vijay Kumar Jain (DIN: 01376813) as Managing Director of the Company who shall not retire by rotation with effect from 23rd May for the period of five years subject to approval of shareholders in ensuring annual general meeting on the basis of recommendation of nomination & remuneration committee.

Term of Appointment: five year with effect from 23rd may, 2019.

Except the appointee, None of the Directors and Key managerial Person of the Company or their relatives is, in any way, concerned or interested, financially or otherwise, in this resolution.

By Order of the Board of Directors

Kolkata, August 14, 2019 SD/-

Registered Address: Nabin Kumar Samanta 23, Ganesh Chandra Avenue, (Company Secretary & Compliance officer) 3rd Floor Kolkata-700013

2018 - 2019

PROFILE OF THE DIRECTOR BEING RE-APPOINTED

Name of the Director Mrs. Smita Murarka

DIN 7448865

Designation Non-Executive Director

Date of Birth 12/08/1982

Date of Appointment 11/03/2016

Qualifications B.Com graduate, MBA

Name of the Company in which he holds directorship

CONSECUTIVE INVESTMENTS & TRADING CO LIMITED

Name of the other Companies in which he holds chairman/

Membership of Committees of Boards

NONE

Relationship with other Directors Sister of Managing Director

Dated: 14th August, 2019

Registered Office: By order of the Board of Directors

23, Ganesh Chandra Avenue, Sd/- Kolkata-700013 Nabin Kumar Samanta West Bengal (Company secretary & Compliance Officer)

2018 - 2019

ROUTE MAP TO THE VENUE OF 37TH ANNUAL GENERAL MEETING

AGM VENUE

23, GANESH CHANDRA AVENUE 3RD FLOOR

KOLKATA-700013

2018 - 2019

DIRECTOR’S REPORT

To,

The Members,

Your Directors have pleasure in presenting their 37th Annual Report on the business and

operations of the Company and the accounts for the Financial Year ended March 31, 2019.

1. FINANCIAL SUMMARY OR HIGHLIGHTS/PERFORMANCE OF THE COMPANY.

Your Board is pleased to present the highlights of the Standalone& Consolidated financial

statement of your company for the financial year 2018–19 and 2017–18 as under:

STANDALONE CONSOLIDATED Particulars 2019 – 2018 2018 – 2017 2019-2018 2018-2017

Profit Before Interest & Depreciation. 1317172.10 1386017.00 1317172.10 1386017.00

Less : Depreciation & Amortization 16816.00 35661.00 16816.00 35661.00

Less : Finance Cost 428.00 1579.00 428.00 1579.00

Profit Before Tax 1299928.10 1348777.00 1299928.10 1348777.00

Provision For Tax 0.00 0.00 0.00 0.00

Amount Transferred to Reserves 1299928.10 1348777.00 1299928.10 1348777.00

Transfer to contingent provisions

against standard assets

0.00 0.00 0.00 0.00

Share of Profit of Associates - - 130306 83786.00

Profit & Loss for the year 1299928.10 1348777.00 1430234.10 1432563.00

Balance as per last balance sheet 14227289.44 12878512.44 14737714.44 13305151.44

Surplus carried to balance sheet 1299928.10 1348777.00 1430234.10 1432563.00

2. BRIEF DESCRIPTION OF THE COMPANY'S WORKING DURING THEYEAR / STATE OF COMPANY'SAFFAIR

The profit of the company (PAT) for the year under review is Rs. 1299928.10 /- as against profit of Rs 1348777.00 /- in the previous year.

3. CHANGE IN THE NATURE OF BUSINESS

Your Directors are please to inform you that there was no change in the nature of business of our Company during the Financial Year under review.

4. DIVIDEND

Your Directors decided and declare to plough back the profits for the year under review into the growth opportunities which shall create value for the shareholders and therefore does not recommend any dividend for the year under review.

5. RESERVES

Your company has not transferred any amount to the reserves of the company.

2018 - 2019

6. CHANGE OF NAME

Your company’s name is CONSECUTIVE INVESTMENTS & TRADING COMPANY LIMITED

and there is no change in its name during the year under review.

7. SHARE CAPITAL

Your Directors further ensures that during the year under review your company has not bought back any of its securities or issued any Sweat Equity Shares or issued any Bonus Shares or provided any Stock Option Scheme to the employees.

8. DIRECTORS AND KEY MANAGERIAL PERSONNEL

a) Retire by rotation.

Ms. Smita Murarka (DIN : 07448865), who retire by rotation at the ensuing general meeting pursuant to section 152 of the Companies Act, 2013 and being eligible offer herself for re-appointment. Your Director recommends his re- appointment. The details are given in Annexure I forming part of the Board Report.

9. DECLARATION BY INDEPENDENT DIRECTOR

Your Company has received declaration from all the Independent Directors of the company, pursuant to the provisions of Section 149(7) of the Companies Act, 2013 stating that they meet the criteria of Independence as laid down under section 149(6) of the Companies Act, 2013.

10. PARTICULARS OF EMPLOYEES

Your Directors ensures that none of the employees of your company is in receipt of salary and / or remuneration in excess of the threshold limit, pursuant to the provisions of Rule 2 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

11. MEETING

a) Board Meetings A calendar of Meetings is prepared and circulated in advance to the Directors. During the Financial Year 2018 – 19 Ten (10) Board Meetings were held, the dates of the meeting being 28/04/2018, 30/05/2018, 31/07/2018, 14/08/2018, 04/09/2018, 13/11/2018, and 13/02/2019. The intervening gap between any two meetings held during the year was not more than one hundred and twenty days.

b) Audit Committee Meeting

A calendar of Audit Committee Meetings is prepared and circulated in advance to the Members of the Committee. During the Financial Year 2018 – 19 four (4) meeting of the Committee was held, the date of the meetings was 30/05/2018, 14/08/2018, 13/11/2018 and 13/02/2019.

2018 - 2019

c) Nomination & Remuneration Committee.

A calendar of Nomination and Remuneration Committee Meeting is prepared and circulated in advance to the Members of the Committee. During the Financial Year 2018 –19 three (3) meeting of the Committee was held, the date of the meeting was 27.04.2018, 25.09.2018, 19.11.2018 and 06.03.2019.

d) Shareholders Grievance Committee Meeting.

A calendar of Shareholders Grievance Committee Meeting is prepared and circulated in advance to the Members of the Committee. During the Financial Year 2018 – 19 four (4) meeting of the Committee was held, the date of the meeting were 28.04.2018, 26.07.2018, 09.10.2018 and 17.01.2019.

12. COMPOSITION OF BOARD OF DIRECTORS AND COMMITEES.

BOARD OF DIRECTORS

The Board of the company is headed by Mr. Vijay Kumar Jain of the company, an eminent person of high credentials and of considerable professional experience who actively contributed in the deliberation of the Board. As on close of business hours of March 31, 2019 the Board comprised of four directors as mentioned below:

Sl. No Name DIN Category Designation

1. VIJAY KUMAR JAIN 01376813 Executive Managing Director

2. SMITA MURARKA 07448865

Non Executive Director

3. RINKU ADHIKARY 07140015

Non executive Independent Director

4. SUBODH KUMAR JAIN 02564952

Non Executive Independent Director

Audit Committee

The chairman of the Audit Committee of the Company constituted under Section 177 of the Companies Act, 2013 by the Board is headed by the Ms. Rinku Adhikary, Independent Director of the company. She is an eminent lady of high credentials and of considerable professional experience. As on close of business hours of March 31, 2019 the Board of Audit Committee comprised of four directors as mentioned below.

SL.NO NAME DIN DESIGNATION

1. VIJAY KUMAR JAIN 01376813 Managing Director

2. SUBODH KUMAR JAIN 02564952 Independent Director

3. RINKU ADHIKARY 07140015 Independent Director

2018 - 2019

NOMINATION & REMUNERATION COMMITTEE

The chairman of the Nomination and Remuneration Committee of the Company constituted under Section 178 of the Companies Act, 2013 by the Board is headed by Ms. Rinku Adhikary (DIN: 07140015) Independent Director of the company. She is an eminent lady of high credentials and of considerable professional experience. As on close of business hours of March 31, 2019, the Board of Nomination and Remuneration Committee comprised of three directors as mentioned below.

Sl. No. Name DIN Designation

1. SMITA MURARKA 07448865 Non Executive Director



SHAREHOLDERS GRIEVANCE COMMITTEE

This committee was headed by Ms. Rinku Adhikary (07140015), Independent Director of the company. She is an eminent person of high credentials and of considerable professional experience. As on close of business hours of March 31, 2019 the Board of Shareholders Grievance Committee comprised of three directors as mentioned below.

Sl.no Name DIN Designation




RISK MANAGEMENT COMMITTEE

The chairman of the risk Management Committee of the Company is headed by Ms. Rinku Adhikary(DIN: 07140015) Independent Director of the company. She is an eminent lady of high credentials and of considerable professional experience. As on close of business hours of March 31, 2019, the Board of Risk Management Committee comprised of three directors as mentioned below.

Sl. No. Name DIN Designation

1. VIJAY KUMAR JAIN 01376813 Managing Director




2018 - 2019

13. DETAILS OF SUBSIDIARY/JOINT VENTURES / ASSOCIATE COMPANIES

Pursuant to the provisions of section 129 of the Companies Act, 2013 and the rules framed thereunder, if any, the statement containing the salient feature of the financial statement of a company's subsidiary or subsidiaries, associate company or companies and joint venture or ventures as forming part of this report. Your Director is please to inform you that as on the close of the 31st March, 2019 your company has only one associate company named Mod Mind Consultancy Private Limited and ensures that there is no subsidiary or subsidiaries and Joint venture or ventures. The salient feature of the financial statement is annexed herewith and marked as Annexure II.

14. VIGILMACHANISM AND WHISTLE BLOWER POLICY

Your directors are pleased to inform you that the company has adopted a vigil mechanism which comprises whistle blower policy for directors, employees, and vendors of the company. This policy provides a formal mechanism for directors employees and vendors to approach the chairman of Audit committee to report concerns about unethical, actual or suspected fraud or violation of company code of conduct and thereby ensuring that activities of the company are conducted in a fair and transparent manner. The policy is also available at the company website.

15. AUDITORS AND THEIR REPORT “RESOLVED THAT pursuant to provision of section 139 and other applicable provision, if

any,, of the companies Act, 2013 read with rules made there under, M/s R Jain & Associates,

Chartered Accountants, (FRN NO.009988C), retiring Auditor of the Company be and hereby

re-appointed as Statutory Auditors of the Company, for the term of next five years to hold

office from the conclusion of 37th Annual General Meeting until the conclusion of 42th Annual

General Meeting of the Company at such remuneration as may be mutually agreed between

Board of Director of the Company and the Auditors”.

The Auditors' Report does not contain any qualification, reservation or adverse remark. Notes to

Accounts and Auditors remarks in their report are self-explanatory and do not call for any

further comments

16. SCRETARIAL AUDIT REPORT

Your Directors has appointed Ms. Anjali Mishra, a practicing Company Secretary, as Secretarial Auditor pursuant to the provisions of section 204 of the Companies Act, 2013 and Rule 9 of the Companies (Appointment and Remuneration of Managerial Person) Rules, 2014, to undertake the secretarial audit of the company for the financial year 2018 – 19. The Secretarial Audit Report in form MR 3 is given as Annexure III forming part of this report.

The Secretarial Auditors' Report for the financial year 2018–19 does not contain any qualification, reservation or adverse remark. Notes to Accounts and Auditors remark in their report are self - explanatory and do not call for further comments. 17. INTERNAL AUDIT & CONTROL

The Company continues to engage M/s Pratik Kheria & Co, Chartered Accountants (Membership No: 303320) as its Internal Auditor. During the year, the Company continued to

2018 - 2019

implement their suggestions and recommendations to improve the control environment. Their scope of work includes review of processes for safeguarding the assets of the Company, review of operational efficiency, effectiveness of systems and processes, and assessing the internal control strengths in all areas. Internal Auditors findings are discussed with the

process owners and suitable corrective actions taken as per the directions of Audit Committee on an ongoing basis to improve efficiency in operations. 18. INTERNAL FINANCIAL CONTROL (IFC) SYSTEM AND ADEQUECY.

The Board of Directors of the company is responsible for ensuring the IFC have been laid down in the company and that such control are adequate and operating effectively. Your directors ensure final IFC framework has been laid down in your company and it is commensurate with the size scale and complex of its operation.

19. EXTRACTS OF ANNUAL RETURN.

Your company, pursuant to the provisions of section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014, has given in Annexure IV an extract of Annual Return as forming part of this report. The extract of annual return is given in MGT 9.

20. MATERIAL CHANGES & COMMITMENTS

Your Director ensures that no material changes occurred subsequent to the close of the financial year of the Company to which the balance sheet relates and the date of the report that affecting the financial position of the company.

21. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS

There were no significant and material orders passed by the Regulators or Courts or

Tribunals during the year impacting the going concern status of the company and its future

business and operations.

22. DEPOSITS

Your Company has not accepted any Deposits from public within the meaning section 73 of the Companies Act, 2013 read with Companies (Acceptance of Deposit) Rules, 2014 during the year under review.

23. DISCLOSURE OF SEXSUAL HARASSMENT OF WOMEN AT WORK PLACE

In order to prevent sexual harassment of women at work place a new act “The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013” has been notified with effect from 9th December, 2013. As per section 4 read with section 6 of the act applies to companies having 10 employees or more and such companies shall be required to constitute internal complaint committee.

Your Directors are pleased to inform you that as the number of employees in your company is below the threshold limit, hence, it is not required to constitute such committee.

2018 - 2019

Your directors are also pleased to inform you that there is no such case has been reported during the year under review.

24. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION.

Your directors are also pleased to inform you that your company has not made any investment through more than two layers of investment companies during the year under review

25. RISK MANAGEMENT COMMITTEE

The Board of Directors of the Company has formed a Risk Management Committee for identification, evaluation and mitigation of External and Internal Material Risk. The Committee shall establish a framework for the Company’s risk management process and to ensure its implementation. The Committee shall periodically review the risk management process and practices of the Company and establish procedure to mitigate risks on a continuing basis.

26. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES.

The particulars of every contract or arrangements entered into by the Company with related parties including certain arm's length transactions thereto shall be disclosed in AOC 2. The details are annexed herewith and marked as Annexure V

27. CORPORATE GOVERNANCE

Your Company is committed to maintain the highest standards of corporate governance and adhere to the corporate governance requirements set out by SEBI. Your Company has also implemented several best corporate governance practices as prevalent globally. The Company Corporate governance ensuring transparency, accountability, integrating in all its relations with all the stakeholders (i.e. Investors, Suppliers, Shareholders, Customers, Government) with a view to increase the value of all of them.

.

28. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO.

Pursuant to the provisions of section 134 of the Companies Act, 2013 the details of conservation of energy, technology absorption, foreign exchange earnings and outgo are as follows:

Conservation of energy NIL Technology absorption NIL Foreign exchange earnings and Outgoing

NIL

29. HUMAN RESOURCES

Your Company treats its “Human Resources” as one of its most important assets. Your Company continuously invests in attraction, retention and development of talent on an ongoing basis. A number of programs that provide focused people attention are currently

2018 - 2019

underway. Your Company thrust is on the promotion of talent internally through job rotation and job enlargement.

30. DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to section 134(5) of the Companies Act, 2013, the Board of Directors, to the best of their knowledge and ability, confirms that:

a. In the preparation of the annual accounts, the applicable accounting standards had

been followed along with proper explanation relating to material departures;

b. They had 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 and of the profit and loss of the company for that period;

c. They had taken proper and sufficient 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;

d. They had prepared the annual accounts on a going concern basis;

They had devised proper systems to ensure compliance with the provisions of all

applicable laws and that such systems were adequate and operating effectively.

31. TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND.

Pursuant to the provisions of the Investor Education Protection Fund (IEPF) and the rules framed there under, your directors ensure that there was no unpaid/unclaimed dividend declared and paid last year, the provisions of Section 125 of the Companies Act, 2013 does not apply.

32. ACKNOWLEDGEMENT

Your Board would like to record its appreciation for the co – operation and support received from its employees, shareholders and all other stakeholders.

Your Board wishes to place on record its deep appreciation of the Independent Directors and Non Executive Directors of the Company for their great contribution by way of strategic guidance, sharing of knowledge, experience and wisdom which help your company to take the right decision in achieving its goals.

For and on Behalf of the Board of Directors

Sd/-

Date: 21/05/2019 Vijay Kumar Jain Place: Kolkata (Chairman) Registered Office: 23, Ganesh Chandra Avenue, 3rd Floor Kolkata-700013

2018 - 2019

ANNEXURE – I

PROFILE OF THE DIRECTOR BEING RE-APPOINTED

Name of the Director Mrs. Smita Murarka

DIN 7448865

Designation Non-Executive Director

Date of Birth 12/08/1982

Date of Appointment 11/03/2016

Qualifications B.Com graduate, MBA

Name of the Company in which he holds directorship

CONSECUTIVE INVESTMENTS & TRADING CO LIMITED

Name of the other Companies in which he holds chairman/

Membership of Committees of Boards

NONE

Relationship with other Directors Sister of Managing Director

Dated: 14th August, 2019

Registered Office: By order of the Board of Directors

23, Ganesh Chandra Avenue, Sd/- Kolkata-700013 Nabin Kumar Samanta West Bengal (Company secretary & Compliance Officer)

2018-2019

AOC – 1

ANNEXURE - II

Statement Containing salient features of the Financial Statement of subsidiaries associate Companies/joint ventures.

Part “A”: Subsidiaries – The Company has no Subsidy Company.

Part “B” Associates – The Company has one associate, the details are below.

Name of Associates MOD MIND COUNSULTANCY PRIVATE LIMITED

Latest audited balance Sheet date

March 31, 2019

Share of Associate held by the company on the year ended

1, 00,000 no’s of Equity shares of Rs. 10/- each (24.20%)

Number of shares no’s of Equity shares of Rs. 10/- each

Amount of Investments in Associates

Rs. 10,00,000

Description of how there is significant influence

The Company holds more than 20% of equity share’s

of the Mod Mind Consultancy Private Limited

Reason why the associate/joint venture is not consolidated

Not Applicable

Net worth attributable to Shareholding as per Latest Audited Balance Sheet

Rs. 8,70,731

Profit/Loss for the Yes, the profit for the period ended March 31,

year ended March 2019 has been considered in consolidation.

31, 2019 i.e The consolidation has been done as per equity

Considered in method.

Consolidation

ii.Not considered in Consolidation

.•',.

108/6, G. T. Road, Salkia, 4th FloorHowrah-711106,

Mobile. 9833475411, 7980632039E-mail: [email protected]

.'Ref. No . Date .

Form No. MR-3SECRETARIAL AUDIT REPOQT

FOR THE FINANCIAL YEAR ENDED 31 ST MARCH, 2019[Pursuant to section 204(1) of the Companies Act, 2013 and rule No.9 of the Companies (Appointment

and Remuneration Personnel) Rules, 2014}To,The Members,CONSECUTIVE INVESTMENTS & TRADING CO LTD23 Ganesh Chandra Avenue3rd FloorKolkata -700013

I have conducted the secretarial audit of the compliance of applicable statutory provisions and theadherence to good corporate practices by "CONSECUTIVE INVESTMENTS & TRADING COLTD" (CIN: L67120WB1982PLC035452)(hereinafter called "the Company"). Secretarial Auditwas conducted in a manner that provided me a reasonable basis for evaluating the corporateconducts/statutory compliances and expressing my opinion thereon.

Based on my verification of the Company's books, papers, minute books, forms and returns filedand other records maintained by the company and also the information provided by the Company,its officers, agents and authorized representatives during the conduct of secretarial audit, I herebyreport that in my opinion, the company has, during the audit period covering the financial yearended on 31st March, 2019 complied with the statutory provisions listed hereunder and also that theCompany has proper Board-processes and compliance-mechanism in place to the extent, in themanner and subj ect to the reporting made hereinafter:

I have examined the books, papers, minute books, forms and returns filed and other recordsmaintained by the Company for the financial year ended on 31st March, 2019, according to theprovisions of:

i. The Companies Act, 2013 (the Act) and the rules made thereunder;

11.. The Securities Contracts (Regulation) Act, 1956 ('SCRA') andthe rules made thereunder;

111. The Depositories Act, 1996 and the Regulations and Bye-laws framed thereunder;

IV. Foreign Exchange Management Act, 1999 and the rules and regulations made there under tothe extent of Foreign Direct Investment, Overseas Direct Investment and External

-

Commercial Borrowings; -Not applicable, since the company has not transacted anyoverseas transaction during the year.

v.. The following Regulations and Guidelines, prescribed under the Securitiesand ExchangeBoard ofIndia Act, 1992 (,SEBI Acf):-

a. The Securities and Exchange Board of India (SubstantialAcquisition of Shares andTakeovers) Regulations, 2011;

b. The Securities and Exchange Board of India (Prohibition of Insider Trading)Regulations, 1992;

c. The Securities and Exchange Board of India (Issue of Capital and DisclosureRequirements) Regulations, 2009; (Not applicable, since the company has notraised share capital during the year)

d. The Securities and Exchange Board of India (Employee Stock OptionScheme andEmployee Stock Purchase Scheme) Guidelines, 1999;Not applicable, since thecompany has not issued shares as per (Employee Stock Option Scheme andEmployee Stock Purchase Scheme) Guidelines, 1999 during the year;

e. The Securities and Exchange Board of India (Issue and Listing of Debt Securities)Regulations, 2008;

f. The Securities and Exchange Board of India (Registrars to an Issue and Share TransferAgents) Regulations, 1993 regarding the Companies Act and dealing with client;

g. The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations,2009; (Not applicable to the Company during the audit period)

h. The Securities and Exchange Board of India (Buyback of Securities) Regulations,1998; (Not applicable to the Company during the audit period)

i. The Securities and Exchange Board of India (Listing Obligations and DisclosureRequirements) Regulations, 2015(w.e.f. 01112/2015)

I have also examined compliance with the applicable clauses of the following:

1. Secretarial Standards issued by The Institute of Company Secretaries of India.

11. The Listing Agreements entered into by the Company with the Stock Exchange.

_ cPt

During the period under review, the Company has complied with the provisions of the Act,Rules, Regulations, Guidelines, Standards, etc. mentioned above and there are no noncompliances that have come to our knowledge.

I further report that, there were no action/events in-pursuance of:

The Board of Directors of the Company is duly constituted. However compliances forappointment of independent director are complied.further though the company hasappointed Women Director in their Board. There is no change in the composition of theBoard of Directors

During the period under review were carried out in compliance with the provisions of theAct.

Adequate notice is given to all directors to schedule the Board Meetings, agenda anddetailed notes on agenda were sent at least seven days in advance, and a system exists forseeking and obtaining further information and clarifications on the agenda items before the.meeting and for meaningful participation at the meeting.

Majority decision is carried through while the dissenting members' views are captured andrecorded as part of the minutes.

I/we further report that there are adequate systems and processes in the companycommensurate with the size and operations of the company to monitor and ensurecompliance with applicable laws, rules, regulations and guidelines.

Signature:Anjali MishraACS No.:- 52144C P No.: 19195

Place: KolkataDate: 31.03.2019

Note: This report is to be read with our letter of even date which is annexed herewith andforms an integral part of this report.

ANNEXURE-A[Auditor's Note on the Maintenance a/Secretarial Records a/CONSECUTIVE INVESTMENTS & TRADING CO

LTDFor the financial year ended si». March' 2019]

To,The MembersCONSECUTIVE INVESTMENTS & TRADING CO LTJ:)23 Ganesh Chandra Avenue3rd FloorKolkata -700013

I have conducted the Secretarial Audit of the compliance of applicable statutory provisions and theadherence to good corporate practices by "CONSECUTIVE INVESTMENTS & TRADING COLTD" (CIN: L67120WB1982PLC035452) (the company). The Secretarial Audit was conductedin a manner that provided me a reasonable basis for evaluating the corporate conducts / statutorycompliances and expressing my opinion thereon. Further, my secretarial audit report of even date isto be read along with this Annexed letter.

1. Maintenance of secretarial record is the responsibility of the management of the company.My responsibility is to express an opinion on these secretarial records based on our audit.

2. I have followed the audit practices and process as were appropriate to obtain reasonableassurance about the correctness of the contents of the secretarial records. The verificationwas done on test basis to ensure that correct facts are reflected in secretarial records. I believethat the processes and practices, I followed provide a reasonable basis for our opinion.

3. I have not verified the correctness and appropriateness of financial records and books ofaccounts of the company.

4. Wherever required, I have obtained the management representation about the compliance oflaws, rules and regulations and happening of events etc.

5. - The compliance of the provisions of Corporate and other applicable laws, rules, regulations,standards is the responsibility of management. My examination was limited to theverification of procedure on test basis.

6. The Secretarial Audit Report is neither an assurance as to the future viability of the companynor of the efficacy or effectiveness with which the management has conducted the affairs ofthe company.

Place: KolkataDate: 31stMarch, 2019

~.ANJALI MISHRAPracticingCompany SecretaryACS No. 52144C PNo.19195

- -

2018-2019

ANNEXURE -IV

FORM NO. MGT.9

EXTRACT OF ANNUAL RETURN

as on the financial year ended on 31.03.2019

Pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014]

I. REGISTRATION AND OTHER DETAILS:

i) CIN: L67120WB1982PLC035452

ii) Registration Date : 16/11/1982

iii) Name of the Company: Consecutive Investments & Trading Company Limited

iv) Category / Sub-Category of the Company: Non-Govt Company

v) Address of the Registered office and contact details: 23, Ganesh Chandra Avenue, 3rd Floor, Kolkata – 700 013

vi) Whether listed company Yes / No : Yes

vii) Name, Address and Contact details of Registrar and Transfer Agent - Maheshwari Datamatics Pvt

Ltd, 23, R.N.Mukherjee Road, 5th Floor ,Kolkata – 700001

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

All the business activities contributing 10 % or more of the total turnover of the company shall be stated:-

Sl. No. Name and

Description of

main products/

services

NIC Code of

the Product/

service

% to total

turnover of the

company

1 Trading of Fabric, Yarn 1311 0%

2 Interest Income 6430 100 %

III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES –

Sl. No.

Name And Address Of

The

Company

CIN/GLN HOLDING/

SUBSIDIARY/ASSOC

IATE

% of shares held Applicable Section

1 Mod Mind Consultancy Private Limited

U74140WB1995PTC069469

Associate 24.19 % (As per 31.03.2019 )

Section 2(6)

2018-2019

IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)

i) Category-wise Share Holding

Category of Shareholders

No. of Shares held at the beginning of the year

No. of Shares held at the end of the year

% Change during the

year

Demat Physical

Total % of Total

Shares

Demat Physical

Total % of Total

Shares

A. Promoters

(1) Indian

g) Individual/ HUF

h) Central Govt

i) State Govt (s)

j) Bodies Corp.

k) Banks/FI

l) Any Other..

Sub-total (A) (1):-

(2) Foreign

648905 - 648905 21.58 648905 - 648905 21.58 NIL

a) NRIs - Individuals

b) Other - Individuals

c) Bodies Corp.

d) Banks / FI

e) Any Other....

Sub-total (A) (2):-

Total shareholding of Promoter (A) = (A)(1)+(A)( 2)

B. Public Shareholding

1. Institutions

a) Mutual Funds

b) Banks/FI

c) Central Govt

d) State Govt(s)

e) Venture Capital Funds

f) Insurance Companies

g) FIIs

h) Foreign Venture Capital Funds

i) Others (specify)

Sub-total (B)(1):-

2. Non-

2018-2019

Category of Shareholders

No. of Shares held at the beginning of the year

No. of Shares held at the end of the year

% Change during the

year

Demat Physical

Total % of Total

Shares

Demat Physical

Total % of Total

Shares

Institutions

a) Bodies Corp.

i) Indian

ii) Overseas

b) Individuals

i) Individual shareholders holding nominal share capital uptoRs. 1 lakh

ii) Individual shareholders holding nominal share capital in excess of Rs 1 lakh

c) Others (specify)

BODY CORPORATE

Sub-total (B)(2):-

Total Public Shareholding (B) = (B)(1) + (B)(2)

115000

50000

2161000

32595

-

-

147595

50000

2161000

4.91

1.66

71.85

115000

50000

2161000

32595

-

-

147595

50000

2161000

4.91

1.66

71.85

NIL

NIL

NIL

C. Shares held by Custodian for GDRs & ADRs

Grand Total (A+B+C)

2974905 32595 3007500 100 2974905 32595 3007500 100 NIL

(ii) Shareholding of Promoters

SlN o.

Shareholder's Name

Shareholding at the beginning of the year

Share holding at the end of the year

No. of Shares

% of total Shares of

the company

%of Shares Pledged/

encumbered to total shares

No. of Shares


the company

%of Shares Pledged/


% change in share holding during

the year

1 Kiran Devi Jain

189240 6.29 0.00 189240 6.29 0.00 0.00

2018-2019

SlN o.

Shareholder's Name


Share holding at the end of the year

No. of Shares


the company

%of Shares Pledged/


No. of Shares


the company

%of Shares Pledged/


% change in share holding during

the year

2 Vijay KumarJain

184675 6.14 0.00 184675 6.14 0.00 0.00

3 Santosh Kumar Jain HUF

150900 5.02 0.00 150900 5.02 0.00 0.00

4 Santosh Kumar Jain HUF

124090 4.13 0.00 124090 4.13 0.00 0.00

Total 648905 21.58 0.00 648905 21.58 0.00 0.00

iii) Change in Promoters' Shareholding (please specify, if there is no change)

Sl. No.


Cumulative Shareholding during the year

No. of shares % of total shares of

the company

No. of shares

% of total shares of the

company

At the beginning of the year NO CHANGE

Date wise Increase/ Decrease in Promoters Share holding during the year specifying the reasons for increase/decrease (e.g. allotment/transfer/bonus/ sweat equity etc):

At the End of the year

(iv) Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs

and ADRs):

Sl. No.



For Each of the Top 10

Shareholders

No. of shares % of total shares of the

company

No. of shares % of total shares of the company

LIFESTYLE BARTER PVT LTD

1. At the beginning of the year

750000 24.94 750000 24.94

2018-2019

Sl. No.




Shareholders


company


Date wise Increase/Decrease in Share holding during the year

specifying the reasons for increase/decrease (e.g. allotment/ transfer/ bonus/sweat equity etc):

- - - -

At the End of the year (or on the date of separation, if separated during the year)

750000 24.94 750000 24.94

ROCKWELL MERCHANTS PVT LTD


700000 23.28 700000 23.28



- - - -


700000 23.28 700000 23.28

ROCKSTAR COMMOTRADE PRIVATE LTD.


700000 23.28 700000 23.28


specifying the reasons for

- - - -

2018-2019

Sl. No.




Shareholders


company


increase/decrease (e.g. allotment/ transfer/ bonus/sweat equity etc):


700000 23.28 700000 23.28

VIJAY KUMAR JAIN


50000 1.66 50000 1.66



- - - -


50000 1.66 50000 1.66

ASHOK KALA

5.

At the beginning of the year

15750 0.52 15750 0.52


specifying the reasons for increase/decrease (e.g. allotment/ transfer/ bonus/sweat

- - - -

2018-2019

Sl. No.




Shareholders


company


equity etc):


15750 0.52 15750 0.52

AMIT GOYAL


15000 0.49 15000 0.49



- - - -


15000 0.49 15000 0.49

MEENU GOYAL


15000 0.49 15000 0.49



- - - -


15000 0.49 15000 0.49

2018-2019

Sl. No.




Shareholders


company


IDEAL BUILDCON PRIVATE LIMITED


10000 0.33 10000 0.33



- - - -


10000 0.33 10000 0.33

REEVA GOYAL


10000 0.33 10000 0.33



- - - -


10000 0.33 10000 0.33

2018-2019

Sl. No.




Shareholders


company


ASHNUTH GOYAL


10000 0.33 10000 0.33



- - - -


10000 0.33 10000 0.33

(v) Shareholding of Directors and Key Managerial Personnel:

Sl. No.



For Each of the Directors and KMP


company


VIJAY KUMAR JAIN

At the

beginning of the year

50000 1.66 50000 1.66

Date wise Increase / Decrease in Share holding during the year

specifying the reasons for increase / decrease (e.g.

allotment /

- - - -

2018-2019

Sl. No.



transfer / bonus/ sweat equity etc):

At the End of the year

50000 1.66 50000 1.66

V. INDEBTEDNESS : NIL

Indebtedness of the Company including interest outstanding/accrued but not due for payment

Secured Loans

excluding

deposits

Unsecured Loans

Deposits Total

Indebtedness

Indebtedness at the beginning of the financial year

i) Principal Amount

ii) Interest due but not paid

iii) Interest accrued but not due

Total (i+ii+iii)

Change in Indebtedness during the financial year

• Addition

• Reduction

Net Change

Indebtedness at the end of the financial year

i) Principal Amount

ii) Interest due but not paid

iii) Interest accrued but not due

Total (i+ii+iii)

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL : NIL

A. Remuneration to Managing Director, Whole-time Directors and/or Manager:

Sl. no. Particulars of Remuneration Name of MD/WTD/ Manager Total Amount

…… …… …… ……

1. Gross salary

(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961

(b) Value of perquisites u/s 17(2) Income-tax Act, 1961

(c) Profits in lieu of salary under section 17(3) Income- tax Act, 1961

2. Stock Option

2018-2019

3. Sweat Equity

4. Commission

- as % of profit

- others, specify...

5. Others, please specify

Total (A)

Ceiling as per the Act

B. Remuneration to other directors: NIL

Sl. no. Particulars of Remuneration Name of Directors Total Amount

…… …… …… ……

3. Independent Directors

• Fee for attending board committee meetings

• Commission

• Others, please specify

Total (1)

4. Other Non-Executive Directors

• Fee for attending board committee meetings

• Commission

• Others, please specify

Total (2)

Total (B) = (1 + 2)

Total Managerial Remuneration

Overall Ceiling as per the Act

C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD : NIL

Sl. no. Particulars of Remuneration Key Managerial Personnel

CEO Company Secretary

CFO Total

1. Gross salary

(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961

(b) Value of perquisites u/s 17(2) Income-tax Act, 1961

(c) Profits in lieu of salary under section 17(3) Income-tax Act, 1961

2. Stock Option

2018-2019

Sl. no. Particulars of Remuneration Key Managerial Personnel

CEO Company Secretary

CFO Total

3. Sweat Equity

4. Commission

- as % of profit

- others, specify...

5. Others, please specify

Total

VII. PENALTIES /PUNISHMENT/COMPOUNDING OF OFFENCES: NIL

Type Section of the Companies

Act

Brief Description

Details of Penalty/

Punishment/ Compounding fees imposed

Authority [RD/NCLT/

COURT]

Appeal made, if any

(give Details)

A. COMPANY

Penalty

Punishment

Compounding

2018-2019

ANNEXURE - V

Particulars of contracts/arrangements made with related parties (pursuant to Clause (h) of

sub-section (3) of Section 134 of the Companies Act, 2013 and Rule 8(2) of the Companies

(Accounts) Rules 2014

AOC (2)

The form pertains to the disclosure of particulars of contracts/arrangements/transactions entered into by the Company with related parties referred to in sub-section (1) of Section 189 of the Companies Act, 2013 including certain arm's length transactions under third proviso thereto.

Details of contracts or arrangements or transactions not at arm's length basis.

The contracts or arrangements or transactions entered into during the year ended March

31, 2019 which were not at arm's length basis is NIL.

Details of contracts or arrangement or transactions at arm's length basis.

The details of material contracts or arrangement or transactions at arm's length basis for the year ended March 31, 2019 is NIL

B. TRANSACTIONS WITH RELATED PARTIES; 31-March 2019 31-March 2018

Contribution

Big Shop - 52,37,600.00

Withdrawal

Big Shop 10,35,190.00

Share in profit of partnership firm

Big Shop 16,81,545.00 17,14,830.00

Reimbursement of expenses

P.S. Synthetics (p) Ltd 69,799.00 67,671.00

C. BALANCE OUTSTANDING AT THE YEAR END

Investment in equity share

Mod Mind Consultancy (p) Ltd 2,30,000.00 2,30,000.00

Investment in partnership firm

Big Shop 3,48,47,224.00 3,42,00,869.00

Trade Payables

P.S. Synthetics (P) Ltd 18,959.50 -

Advances

P.S. Synthetics (P) Ltd - 839.50

2018-2019

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Industrial Structure and Development: The Company has been established with the objective of investing in shares, properties ,bonds and other securities and financing industrial enterprises in India looking the vast potential of industrial development in the country, their exists very good opportunity for good and productive Investment in the country. Apart from this, the Company is also engaged in the business of trading in fabrics and yarn. The vision of the company is to achieve a steady growth by adapting the changing environment.

Outlook: The Company is confident in spite of the possible recessionary conditions in the industry it will perform better in view better of the strong fundamental of the Indian Companies and hope to improve its financial situation Internal Control System and their adequacy: The Company has adequate internal control system to ensure operational efficiency, protection and conservation of resources, accuracy and promptness in financial reporting and compliance of law and regulations. The Internal Control system is supported by Internal audit process, The Internal auditor reviews ensures that the audit observations are acted upon. The Audit Committee of the Board reviews the Internal Audit Reports and the adequacy and effectiveness of Internal Controls. Human Resources: The relationship with employees continues to be cordial. The company recognizes the importance and contribution of its employees for its growth and development and constantly endeavors to train nurture and groom its people. The company put emphasis on attracting and retaining the right talent. The Company places emphasis on training and development of employees at all levels and has introduced method and practices for Human Resources Development. Cautionary Statement: Statement in this Management Discussion Analysis describing the Company’s objectives, projections, estimates and expectations may be forward looking statement within the meaning of applicable laws and regulations. Actual results might differ materially from those either expressed or implied.

For and Behalf of the Board of Directors

Sd/-

Vijay Kumar Jain Place: Kolkata (Director) Date: 21/05/2019

R JAIAT & ASSOCTATES(CHARTERED AccoUNTANTS)

Inside Rattanlall Surajmull Compound, Main Road, Ranchi, lharkhand-834001Phone: 0651-2332518(O), 09431 105530(M), 9534033333(M), 9334102821 (M)

E mail Id : fiai[23ohg!EaiLge!0, iain 10590@omai LcomGSTIN/UIN:- 2OAASFR2075E1ZC

INDEPENDENT AUDITOR'S Rf, PORT

TO TTIf, Mf,MBERS OF CONSECUTIVE INVESTMENT & TRADINC COMPANY LIMITED

Report on the Audit oflhe Consolidsted Financial Strtements

Opinion

We have audired lhe accompanying consolidated financial statemenls of CONSECUTTVf, INVESTMENT &TRADING COMPANY LIMITED ( lhe Company") and its associare (thc Company and irs associare companylogether referred to as the Croup"), which comprise lhe Consolidared Balanc€ Sheer as al March 31,20t9. lheConsolidated Stalemenl of Profit and Loss (including Olher Comprehensive lncome). the Consolidated Statemenl ofChanges ifl Equiry and lhe Consolidared Stalement ofcash Flows for rhe year rhen ended, and nores ro rhe fimncialstatements including a summary of lhe significant accounting policies and orher explanatory information (hereinaRerref'erred lo as "the consolidated financial statements').

In ou. opinion and to the best ofour informalion and according to the explanalions given to us, the aforesaid consolidaredfinancial statements give the informalion required by lhe Companies Ac! 20ll (he ..Acl.,) in lhe manner so requiredand give a true and fair view in con form ity with lndian Accounting Standards prescribed under secl ion I i3 of rhe Actread tyith the Companies (lndian Accounling Standads) Rules, 2015, as amended (..lnd AS") and olher accounlingprin€iples generally accepted in lndia. of the consolidared srate of alfaiN of the Croup as at March I I, 2019, of ilsconsolidated profit and other comprehensive income. consolidated chang€s in equity and consolidared cash flows forlhc year then ended.

Brsis forOpinion

Wc conducted our audit ofthe consolidaled flnancial slarements in accordance with the Standards on Auditing (SAs)lpecified under scction 113(10) oi ihe Act. Our responsibilities under those Standards are furlhcr desc.ib€d in rhe.luditor's Responsibilities fot rhe A&lit af the Consoliddted Financial Sta!,rients section of our report. We areindependent ofthc G.oup in accordance with the Code of Ethics issred by the lnstitute of Cha(ered Accountants ot'lndia ( ICA I), ard we have fulfilled our other ethical respons,bilities i n accordaDce with fie Fovisions of ihe Ao. w cbeli€ve thal the audil evidence \re haye obtained is sumcienl and appropriale lo provide a basis for our audit opinionon lhe consolidated financial slatemenls.

Key Audit Mrtters

Key audit matters are those matters that, in our prcfessional judgment, were of most significance in our audit of theconsolidated financial statem€nts of the curent period. These matters were addressed in the context ofour audit oftheconsolidaled financial statements as a whole, and in forming our opinion thercon, aDd we do not provide a sepamteopinion on these matteN. We have determined thal there are no key audit matteE to be communicaled in our report.

lnformation Other than the Consolid.ted FinaBcial Strtcments rnd Auditor's ReportThcreon

The Company's management and Board of Directors are responsible for the preparalion ofthe other information. Theolher information compris€s the information included in the Company's annual rcport, but do€s not include theaonsolidated financial statements and our auditoa's aeport thereon

R JAr { 3t ASSOCIA,TES(CHARTERED AccouNrANTs)

Inside Rattanlall Surajmull Compound, I'lain Road, Ranchi, lharkhand-834001Phone: 0651-2332518(o), 09431105530(M), 9534033333(M), 9334702427(Ml

E-mail ld : fiai!230hq!I0ail,!aE, [email protected]

GSTIN/UINr- 2OAASFR2OT5EIZC

Our opinion on the consolidated financial statqnents does not cover the other informalion and we do not oxpllss anyfoIm of assuanceconclusioo theraon.

In connection wilh our audit ofthe consolidated financial slatemenls, our responsibility is to read the other informationand. in doing so, consider whether the other information is malerially inc{nsistent with the coosolidaled financialstatements or our knowledge obtaincd during the cours€ ofour audit or otherwis€ appears to b€ matorially misstated.

If, based on the work we have perform€d, we conclude that lhere is a material misslatement ofthis other information.we are requir€d lo repon that fact. We have nothidg to repon in this regard.

Msnrg€ment's Responsibility for the Comolid.ted Fin.ncial St.tements

The Company s managenrent and Board of Directors are responsible for the prepamtion and presenlation of rhesecoDsolidated fi nancial staleDrents thar give alrue and fair view ofthe consolidated sEteofalfiis. consolidated profil / lossand other comprehensive income. consolidated changes in equity and consolidated cash flows of the croup ;naccordan€e wilh the lnd AS and olher accounting principles generally accepted in India . The Board of Directors of lheConrpany and of its associate included in the Group are responsible for maintenance of lhe adequate accounlingrccords in accordance with the proyisions ofthe Acl for safeguarding lhe assets ofthe Group and lbr preventing anddct.riing frauds and other irregularities; select;on and application of appropriate accounting policies; makingjudaments and eslimates that are reasonable and prudenr; and design, implementarion and maintenance of adequareinle.nal finarcial conlrols, that were operating effectively for ensuring the accumcy and completeness of lheaccounting records, relevanl to lhe prepfiation and presenlation of the comolidated financial statements that give atrue and fair view and are free from materialmisstatement, whether dueto f.aud orerror..

1n preparing lhe consolidated financial slatements. the Board ofD;reclors oflhe Company and ofits associate includedin the Group are responsible for assessing the Group's ability to continue as a going conceor, disclosing, as applicable,matters related to going concem and using the going concern basis ofaccounting unless management eilher intends roliquidare the Group or to cease opemtions, or has no r€alistic altemarive but to do so.

l hc Board ol l);rectors ofthe Company and ofits associate included in lhe Croup are also responsible for overseeinglhc financial reportine process ofthe C.oup.

Auditor's Responsibilities for the Audit ofthe Consotidated Financiat Stat€mcnts

Our objectives arc to obtain reasonable assumnce atlout whelher the consolidated financial statements as a wholc arefrec liom malerial misstatement, whether due to fraud orenor, and lo issuean audiror's reporl thatincludes our opinion.I{easonable assurance is ahigh level ofassurance, but is not a guarantee that an audit conducted in accordance with sAs,'villalwaysdetecl a material misslatement when it exists.

Misstatements can arise from fraud or enor and arc considered matedal il individually or in the aggregate, they couldrcasonably be expected lo influence lhe economic decisions ofuseB taken on the basis ofthese co;solidated frnanciatstatements.

2-int cttt

As parl of an audit in accordance with SAs, we exercise professional judgment and maintaio professional skepticismthroughout the audil. We also:

R JATA{ & ASSOCIATBS(cHARTERED AccouNTANTs)

Inside Rattanlall Surajmull Compound, Main Road, Rancha, lharkhand-834001Phone: 06s1-2332s18(O), 09431 105530(M), 9534033333(M), 9334702827 (M)

E-mail Id : Eait23@hglmaLre!0, iain10590(Aomail.comGSTIN/UIN:- 2OAASFR2O75E1ZC

Identiiy and assess the risks of malerial misstatemenl ofthe consolidated financial statements, whether due to fraudor error, design and perform audit procedwes responsive to those risks, and obtain audit evidence thal is suflicienland appropriate to provide a basis for our opinion. The risk ofnol detecting a material misstatement resulting fromfraud is higher thar for one rcsulling from ermr, as fraud may involve collusion. forgery, intentional omissions,misreprcsenlations. or the overide of intemal control.

Oblain an understanding of intemal financial controls relevant to the audit in order to design audit procedures thatare approp.iate in the circumstances. Under section I43(lxi) ofthe Acq we arc also responsible for expressing ouropinion on whether the Company and its subsidiary companies which are companies incorporated in Indi4 hasadequate intemal financial controls system in place and lhe operating effectiveness of such controls_

Eraluale the appropriateness ofaccounting policies used and the reasonableness ofaccounting estimates and relateddisclosures mad. by management.

conclude on the appropriateness of management's use ofthe going concem basis ofaccounting and, based oo theaudit evidence obtained, whethd a matoial uncerta;nty exists relared to events or conditions that may cast significantdoubt on rhe ability ofrhe croup to oontinuc as a going concelD. [f we concrude that a mate.ial u;certaint exists,we are requirad to dmw attention in our aiudhor,s rcport to lhe ralaled disclosures in the consolidated financialslarements o.' if such disclosures ane inadequate, to modis our opinioo. our conclusions are based on lhe auditevidenc€ obrained up lo the date ofour auditor's repon. Ho\f,cver, fufurE cvmts or condilions may cause rhe croupto c&r9e to conlinue as a going concem.

&aluare the overarr presentation, structure and content of the consolidated financial stalements, including thedisclosures, and whether the consolidated financial statahents rcpresent the underrying transactions and eventi in amarmer that achieves fair presenlation.

obtain sullcienl appropriale audit evidence .egarding the financial informalion ofthe entides or business activilieswilhinlhe Grouplo express an opinion on the @nsoliJared financial sralements. we are responsible fbrlhe dir€.ijon,superyisioo and perfomance of the audit ofthe financial stalements of such entiries inciuded in the consolidatedfinancial stalements.

we believe that the audir evidence wc have obtained is sufficient and appropriate to provide a basis for our audiropinion oir lhe co$olidated financial staternents.

We communicaic rrrith those charged rvith governanc€ ofthe Company and its associate includad in the consolidatedfinancial srdements of whic,h wc art tho independenl auditors regarding, among other matter\ thc planned scop€ andtiming of the audit and signiii.nr audil findings, including any significanr dificiencies in in&mal control tirat weidentiry during our audit.

we also provide thos€ charged with govemance with a starement that we have complied with rclevant ethicalrequiremeots regarding ind€pcndencc, and to communicale with them all relationships and other matters that mayrcasonably be thought to bear on our independence, and l,herc applicable, rclated safcguards.

Report on Other Lagsl rnd R€gulrtoi? Requirements

L As requircd by Seclion 143(l) ofthe Act, based on our audit we report that:

a) we have sought and oblained arr lhe information and explanations which to the best ol our knowledge andbelief were necessary for the purposes ofour audil of the aforesaid consoridaled financiar staremenrs

R JAIAT & ASSOCIATES(CHARTERED AccoUNTANTS)

Inside Rattanlall Surajmull Compound, Main Road, Ranchi, Jharkhand-834001Phone: 0651-2332518(O), 09431105530(Il), 9534033333(Il), 9334702427lM)

E-mail Id : fiai[23@t9Lmai].!9l0, iain 1 0690(oomail.comGSIIt{/UINr- 2OAASFR2O75E1ZC

c) The Consolidaled Balance Sheet, the Consolidared Statemenl of Profit and Loss including (including OlherComFehensive Income), Consolidated Statement of Changes in Equity and the Consolidated Stalement ofCash Flows dealt with by this Repon are in agreement with the relevant books ofaccounl maintained for thepurpose of prepamtion ofthe consolidated financial statements.

d) ln our opinion, the afor€said c.nsolidatcd finaocial statcmadts cmply *ilh the Ind AS spacified underSeclion ll3 ofthe Act, r€ad with Rule ? ofthe Compsnies (Accounts) Ruleq 20 14.

b) In ouropinion, proper books ofaccounl ss required by law r€lating to preparation ofthe aforesaid consolidaledfi.ancial statements have been kept so far as it appears from our examinalion oflhose book.

e) On lhe basis ofthe wrillen represenlations received from the directors ofthe Company as on March ll. 2019taken on record by thc Board of Directors ofthe Company and of its associate, none oflhe direclors isdisqualifiedasonMarchil.20l9frombl:ingappointedasadirectorinrermsofsecriont64(2)oftheAl:r.

0 With resp€cr to the adequacy ofthe intemal financial contrcls over financial reponing ofthe Company and irsassociate ard the operating effectiveness ofsuch controls, refer to our separate Report in..Annerure A',.

wilh respect to the other marters to be included in lhe Auditor's Report in accordance wilh Rule I I of the companies(Audit and Auditors) Rules. 2014, as ammded in our oFinion and to tlrc best of our information and according tothe explanations given to us:

i. The Company do€s not have any pending lilig ions which would impad its financial position.

ii. The company dd nof have any rongierm cont.acts incruding ded vative contracts for which there were anymaterial foreseeablc losses.

iii. -Ilere *ere no amomrs which liere requirEd to be tmnsranrd to rhe Investor Educarion ard proreclion Fund

by the Company.

iv. The disclosures in ihe consolidared firBncial statements regarding holdings as well as dealings in specifiedbank notes during the period fiDm I November 2016 to 30 Decernber 2"016 have not been;nade in theseconsolidated financial slatements since they do not penain to the financial year ended 3l March 20 I 9.

wirh respecl to ihe other ma(ers to be included in the Audilor's Reporl in accordanc€ with the requiremenrs ofsedion I 97( I 6) ofthe Act, as arncnded:

AccordinS ro the information and expranation 8iv€n lo us and based on our examination ofthe rccords, there isno remuncrarion paid to thc directors durints the currenl )e3r. The Minisrry of Corpomte Aflairs has notprescr;bcd other details under section l9?( l6) which are requiied ro be com.*,!a ,p"" i!,-*.

FoTRJAIN&ASSOCIATESChartered AccountantsFirm Registration No - OO9988c(i -,- Ioq(Lalit xirhar J-aini L

2

PartnerMembership no.: Ol64

qltc$\

Place! KolkataDate:21.O5.2O19

R JAIAT & ASSOCIA'TES(CHARTERED AccoUNTANTS)

Inside Rattanlall Surajmull Compound, I\4ain Road, Ranchi, Jharkhand-834001Phone: 0651-2332518(O), 09431105530(l{), 9534033333(14), 93347O2A27(M)

E-mail Id : riain23(ohotmail.com, iain10690(00mail.comGSTIN/UIN:- 2OAASFR2O75E1ZC

ANNEXURE'A" TO THE INDEPENDENT AUDITOR'S REPORT(Referred to in paragraph 1 (f) under'Report on Other Legal and Regulatory Requirements,section of our report of even date)

Report on the Internal Financial Controls Over Financial Reporting under Clause (i)of Sub-section 3 of Section 143 of the Companies Act, 2013 ('.the Act,,)

In conjunction wath our audit of the consolidated financial statements of the Company as ofand for the year ended March 31, 2019, we have audited the internal financial controls overfinancial reporting of CONSECUTM INVf,STMENT & TRADING COMPANY L|MITED(hereinafter referred to as "Company,,).

Management's Responsibility for Internal Financial ControlsThe Board of Directors of the Company is responsible for establishing and maintaininginternal financial controls based on the internal control over financiai reporting criteri;established by the company considering the essentiar components or internai;ontror statedrn rne Gutoance Note on Audtt of Irternal Financial Controls Over Financtal Reporting issuedby the Institute of Chartered Accountants of India (" the ICAI,). itrese ilsponsiOititiesinclude the design, imprementation and maintenance oi adequate r;ter;;ir,na;ciar controrsthat were operating effectivery for ensuring the orderly and eiricient ionJuct o-i it, orain"..,l.lrjll!-:!1L::" !g

the,company.s potiaies, the saf;suarding of ii. ""i"t..ii" p."u"ntionano oeteclon ot trauc,s and errors, the accuracy and completeness of the accounting records,and the timety preparation of retiabte financiat lnformation, as requi."J ,nO"iiii" e.t.Auditor's Responsibitity

Our respon-sibjlity is to express an opinion on the internal financlal controls over financialreporting of the Company, based on our audit. We conducted our auOit in-aicorOance withthe Guidance Note on Audit of Intemat Financiat Controts br"|. iriniiiiit"poning (tn""Guidance Note,,) issued by the tnstitute of cr,".t"."J a..o-rni"ni.'-oi' inf,," una t"standards on Auditing, prescribed under sechon 143(10) of th; c;;;u;b. ait, zor:, tothe extent apptacabte to an audit of internat Rnancial .,jni.oL.-rtoiI Si_Oaias ana tneGuidance Note require that we compty with errrrcar requirementi ini-ifiln? p"rto.. rr,"audit -to

obtain reasonabre assurance about w hether' adeq uate int".i"r"rr"i-naiur aonL.oraover financial reportinq was established and maintained 'ino ii .-u.ii .oniior" op".utuoeffectively in all material respects,

Our audit involves performing procedures to obtain audit evidence about the adequacy of theinternal financial controts system over financial reponing anJ tt"i. op".i-ini-Jft".t,uun"...our audrt of Internal financiat controts over _frnancrai reporting -i'nlfJJ"i -outu,n,ng

ununderstanding of internal financial controls over ftnanciat ."pi.t,ng, u.r"aa,; t;; risk that amateriat weakness exrsrs, and testing and evaluating the design ulJopii-uiiiq '"tt"air"n"..or internat conlrot based on the assessed nsk. t[e procea-ures i"f[.tJJ O."i"nO on tt"auditor's judgement, including the assessment oF the risks of material misstatement of thefinancial statements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate to providea basis for our audit opjnion on the internal ftnanctal controls system ovJr filaniiarreportingof the Company.

R JAIA{ & ASSOCTATES(CHARTERED AccouNTANTS)

Inside Rattanlall Surajmull Compound, llain Road. Ranchi, lharkhand-834001Phone: 0651-2332518(O), 09431105530(M), 9534033333(M), 9334702827(M)

E-mail Id I Oai!230IOllnaiL!gl1, iain10690(domail.comGSTIN/UIN:- 2OAASFR2O75ElZC

tqeaning ot Intemal Financial Controls Over Financial ReportingA company's internal financial control over financial reporting is a process designed to providereasonable assurance regarding the reliability of financial reporting and the preparation offinancial statements for external purposes in accordance with generally accepted accountangprinciples. A company's internal flnancial control over financial reporting includes thosepolicies and procedures that (1) pertain to the maintenance of records that, in reasonabledetail, accurately and fairly reflect the transactions and dispositions of the assets of thecompany; (2) provide reasonable assurance that transactions are recorded as necessary topermit preparation of financial statements in accordance with generally accepted accountingprinciples, and that receipts and expenditures of the company are being made only i;accordance with authorisations of management and diredors ofthe companyi and (3) providereasonable assurance regarding prevention or timely detection of unauthorised acquisition,use, or disposition of the company's assets that could have a material effect on the financialstatements.

Inherent Limitationt of Internal Financial Controls Over Financiat ReportingBecause of the inherent limitattons of internal financial controls over financial reporting,including the possibility of colluslon or improper management override of controls, materialmisstatements due to error or fraud may occur and not be detected. Also, projections ofanyevaluation of the internal financial controls over flnancaal reporting to future periods aresubject to the risk that the internal financial control over flnancial reporting may becomeinadequate because of changes in conditions, or that the degree of comptiance with thepolioes or procedures may deteriorate,

OpinionIn our opinion and to the best of our information and according to the explanations given to us,the Company, has, in all material respects, an adequate internal financial controls system oveifinancral reportinq and such internal financial controts over financial reporting were operatrngeffectively as at March 31, 2019, based on the internal control over finincralieportjng criteri;established by the Company considerlng the essential components of internal control stated inthe Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued bythe Institute of Chartered Accountants of India.

FoTRJAIN & ASSOCIATESCharlered AccountantsFirm Registration No - OOg9AEC

G-r bl(Lalit Xumar Jain)PartnerMembership no.: 016437Place: KolkataDatc:21.O5.2O19

CONSECUTIVE INVESTMENTS & TRADING CO. LIMITEDConsolidated Balance sheet as at 31 March 2019

Note 31-Mar-19 31-Mar-18Rs.Rs.

Non-Current AssetsProperty, Plant and EquipmentFinancial Assets

InvestmentsIncome tax assets (net)Other Non-Current AssetsTotal Non-Current Assets

Current AssetsFanancial Assets

Cash and Cash EquivalentsLoans

Income tax assetsOther Current AssetsTotal Current AgsetsTotal Assets

3

456

36241.00

35717955.002131303.13

3494t294.OO2131303.13

0.0037885499.13 12 54.13

7a56

3224t7.417909925.00

178986.0010158.00

378615.817236343.00

104143.0068739.s0

1486.81 7747441.3146,306,9a5.94 44,913,495.44

EquityEquity Share CapitalOther Equity

Total Equity

LiabilitiesNon-Current LiabilitiesDefeired tax Liabilities (net)Total Non-Current Liabilities

910

30075000.0016167948.54

30075000.00t4737714.44

46242944.54 448127 t4.44

6306.00 6306.006306.00 6306.00

38731.40 13509.0019000.00577 31.40

80966.0094475.OO

Current LiabilitiesFinancial Liabilities

Trade PayableOther Current LiabilitiesTotal Current Liabilities

l213

Total Equ ity and Liabilities 46,306,9as.94 44,91 3,495.44

The accompanying notes are an integral part oI these tinancial statements

In terms of our report of even dateFor RJAfN & ASSOCTATESFirm's Registration Number : 009988CChartered Accountants

c^ \,.-q

For and on behalf of the Board of Directors

(Lalit Kumar Jein)PartnerMembe6hip no.: 16437

For CONSECUTM INVESTMENfS& TRADINO COMPANY UMil6I)

For cONSECUTTE INVESTMENTS

& TRADING COMPAI{Y LIMITED

Director

For CONSECUTM It{VESTMENr.ltA TRIDINC COMPAT{Y LIMITED

:('o.- Vi) l'Chiel Ftnonctot Ollicer

-'\.-

Camp - KolkataDate:21.05.2019

A*-

53057.00

11

Basis of preparation, measurement andsignificant accounting policies

oDirectors

,irl

CONSECUTIVE INVESTMENTS & TRADING CO. LIMITEDConsolidated Statement of Profit and Loss for the Year ended 31 March 2019

NOte 3l-Mar-19Rs.

3l-Mar-1ERs.

Revenue from opeEtionsOther incomeTotal revenue

1415

7 44425.O01681545.00

1041435.0017 22299 .00

2429970.OO 2763734.OO

Employee benefit expensesFinance costsDepreciationOther expenseTotal expensesProfit/(Loss) before taxTax expenseProfit/(Loss) after taxShare of Profit of AssociateProfit/(Loss) for the year (A)

significant accounting poticies

16L71a19

269647 .00428.00

16816.00843150.90

562186.001579.00

35661.00B15531.00

1130041.90 1414957.OO

1430234.10 143 2563. OO

,.432s63.OO

201299928.10

0.001348777.OO

0.001299928.10

130306.001344777.OO

83786.00

Other Comprehensive Income for the year (B)Total Comprehensive Income for the y€ar (A+B)

Earnings_per equity share ( Nominal value Rs. 10 per share)Basic (Rs.)Diluted (Rs.)

Basis of preparation, measurement and

0.430.43

0.450.45

2

The accompanying notes aro an integral part oflheae financial statemonts

In terms of our report of even dateFoTRTAIN&ASSOCIATESFirm's Registration Number : O09988CChartered Accountants


G^' r{ o"+:'"-i-(Lalit Kumar Jain)PartnerFlembership no.: 16437


For CONSECUT] INVDSTMENTS

& TRADING COMPANY LIMITED

Directo.s

For CONSECUTIVE INVSSTI\{t.l.i,l& TRADINO COitpANt i.iMt,1it,

)-C""fi"y s..,oory

For COISECUTM ITWESTMENTSE TRADII{G COMPAXY LIMITED

\/';';.1 \d*'t \ChteJ Ftnonctal Ollicel

1430234.r.O

d,--",fr V^^r,'-l'l-

CONSECUTIVE INVESTMENTS & TRADING CO, LIMITEDConsolidated Statement of Changes in EquityFor the yea. ended 31st March, 2019

A} EAUITY SHARE CAPITAL

Balance as.t 3l3i arch,2017Changes in equit sharc c€pilaldu.ing the year

Bal.nce as at3lstMerch, 2018

Changes in equity share epitalduing the year

Balance a3 at 3l.t f,arch, 2019

30,075,00000

30,075,0u000

OTHER EOUITY

As al3'l3lXarch,20l7Balanceas.tl!tApril, 2017

Oiho. compreh6nsive lncome lor the ysarBalance a! at 3l!t March, 20tEAs at3lstf.rch.20lE

Olhe, compr€hensive lncome for ths ysarBalance as al 313t Uarch, 2019

(a) Refer Note 10 for nature and purpose of reserve

The accompanying not€s ar€ an intogral part of these financlal 3tatement3

13,305,151.441,432,563.00

't3,305.151.44

1,432,563.00

For CONSECUTiVE INVESTMENTS& TRADING COMPANY LIMITED

4=^"lt Wuil4-

1 137 714.44 714.44't4,737 ,711.44

1,430,234.10,714-44

1,430,234.10

Director

In terms of our report of even dateFoT R,AIN & ASSOCIATESFirm's Registration Number : 009988CChartered Accountants

G.-tr Fq(Lalit Kumar J.ln)PartnerMembership no.: 16437


For and on behalf of the Board of Directo6

.t

Directors

For CONSECUTIVE INVESfitl::, i r& TRADINc coMpANy uyrr;b -

1_.,Anp{ag *r:lxto,!

I"i.:3i-,,3..%Iffi ,Jr.fi I+i'J^liry Yao^ r'ChteJ Finonctot Ollicer

R6serves and Surplus Otier

Balance30,075,000.00

CONSECUTIVE INVESTMENTS & TRADING CO. LIMITEDConsolidated Cash flow statement for the year ended 31 March 2019

FLOW FROiI OPERATING ACTIVITiES

D.g{dat6 s! tuBte. Erp.nel,let e.il d ..b 6 hrr..t E rb

Sh.G ol PrDlit ol A$.ad.SlEt! h PEal o, l$-ih Flf,

Or.rdre Pr.i h.b.! EtaE ..abt .t .rg-Clht- h ftd(Il. C.ct t :([email protected],ffi(8 4.Y ooe h obrt-rid...6 (Erdrrt)(rsley &de h or! r:d 6!& {qm0(lEeY oeoe h rE@ T& A...t (lEEn 0(r@Y D.oe lr.rr- dldmt..46(IEE Y D€I& ll h.cE Tu A!..b {qEr)(l@Y llos h oir..umt a..n(r@Y o&a. a -Errti6rrE 6./ (Do{.) h lre FLd.rE a./ (.roa) h o!! llErctt taaarb oal{ m0rE6c (Dqc) h o0Ellrd.t ta6ft.. (crft.orEs/ lDEe) h Fo,!o6 (ict€rE$lrEld ctoe) h i..ldmr tdlt.dlrE*/ (Ddt-.| h.a!r qEt r.dritc-h ga:-d th .r.rr!a..

Taepdd(. oar.nAl)

r30,306.00(1581545.00)(748425.00)

35561.000.00

83786.00(17r4830.00)(104r435_00)

0.00

1,299,924.10

16a16.00

I ,344,777 .OO

(9a2919.9O) ( 1288041.00)

(83,785.00)5962708.00(192955.00)

5r000.005230.00

(?,739.50)

( 18 558t3-odt

0.00

(90099.50)

0.0065010.00

443L327.OO(61965.00)

0.001439813.OO) 4431327.OO

gl caslt FLow Fu ttavEa'liao rcrMIE!:F\rdl4., Fq..V, lait.d .{iciEtSd. Fd .a !rt9..V, rarrt rn .qr&irrsrE a Pron ot Prhrtdp FhS.L F!c.* oa

.. l.lr rhr6lrEr h PrtEttS Frrntudt- ol rru.rEbPiG.drr Onlr.ttEl.) thcn, . ndjv !r* ds.r, o,.ng rthd i-r& nu! lll !trsinl.)

1681545.00

(545355.00)

748425.00

1714830.000.00

(69s2430.00)

0.00

1041435.00

(4t95155.OO1c) casH Floly FRO FtNAitctxc acnunEs:

Sho,1-lem bo(@inos EkenShortrem boMims rcEid

Tae. paid on dividdd

Nel irc@se/ ld@ae) in @3hAdd: Cash and 6h equiEk t!

Ern @$ oqlirbd! - (a.B+c)n rlE b.!hr ne o, tr. tr., 143453.81

37a51S.A1

561 235162.00

S

15.83

The accompanying notes ar6 an intogratpan ofrhose financiat ,titoments

As per our report of €ven dateFoTRJAIN&ASSOCIATESFirm's Reglstration Number : 009988CCharhFd Accoutants /.1

1 q-a * [-X(LalitxdmrJiir) \ -Il4embershiD no.: 16437

For and on b€hatf of the board of directors

For CONSECUTIvE tNVESTltEMl.s& TRADINO COMPANY LIMITED

For CONSECUTIVE INVESTMENTS& TRADING COMPANY LIMITED

4--^d" ^A,,

&^1j4-Directol

liil'i -' '\ , \. .'",' .

t/tls1 :lcLn'" 1t

s

Na cali t,.ra hr lNoum xu'roo - lBt ------ite36iti6-

(130,306.00)(673s82.00)

0.000.00

(74843.00)58581.50

25222.40

O +camp - KolkataDat€:21.05,2019

I Corporat hfonEtionconsecutive Investments & Tradrng co. Limit€d ( 'the compa.yr) is a lrsted enuty in@rporated in India , havino its reoisteEd omce and pnncipal place ofbusine$ at 23, Gan6h Chand6 Avenue, Kolkata-700020.

2 a.3i3 of Dcp...tlon, [email protected] rignifient e@ntint ,ollcl62.14.3i.otDr.E ti o,co.olid.t d Fln.el.l St t m.nt :

The conelidated inan.iar statements h.v€ ben pEpaEd on the histoncal cost basls.

The coneldated financral darem.nts of rhe cofipa.y nave been pepaed t! comply with the hdaan Accounti.g stand.rds clnd a5'), i.dudlng tne rules notifiedunder the relevant p.ovasions of the coopanles Ad, 2013.

The* con$lrdated fnancral stat ments ae th€ company s fiBt tnd As consolidated nnan.ial statements,

The company has only one asciate and no sub.ldlary and Jolnt venture.

The Previous year fgors have ben rcgrcup€d/ redassilied, wherever n{€sery to conform to the curent year pre*ntatlon.

'CONSECUITVE II{VESTXEI{Ts & TRADING CO. LIMITEDNotes to the Fina.ci.l St.iements

Ihe consolrdated financlal statemenrs have been prepared on the folowinq basis:

.) Investment and shae of prcflt ot a$ociate company has been con$lidated using the equity method ofaccounting as taid doon h A<ounring standard (As) 23-'' accounting for lnvestments in A$ociates in consolrdated Fhancial srnremenrsi 5peci6ed under s€dion 133 of the companies Act, 2013 rea; with Rute i oithecompanies (Aaounts) Rulei 2014. The investment is intlally re@gnized at cost and the arrying amount rs ln.reased or decEas€d to re@gnize the investor,sshare ofp@firor losof the nvestee aiter rhe acquisiron date.

b) The Frnancral stateoenE of the asctate h the conetidarion a€ drawn up to rhe same ac@unting dare a5 that ofthe comDanv,l.e,, March 31,2019.

.) As far.s possrbE, SE con$ljdated financialstatements are rEpared using unitom accounting poticiG for tike rr.n$cuons and oth.r events in stmit.rcircuhstances and ae pre*nted in$e eme mannerastne companyis *pea6te llnanciatstatements.

2.3 Othc. .ionificnt .@unrin. Ftici..:These are set olt under .sign inca nt Acco unti.q poticiesr as otven in rte companv's standatone fnan.tatstatements,

Mod Mind consurtancy (P) Limited

2,2 Prin.ipt r ol6lEli.l.tlon!The consolidated financaal statements €late to conKutive Inv6tments & Tradrng co. Ltd., ( the company') and its asecj.re.

Ihe aswiate company @nsldered h tne consolidated finan.ial sratement is :

CONSECUTIVE INVESTMENTS & TRADING CO. LIMITEDSCHEDULES TO ACCOUNTS

Note i 3Property, Plant and Equipment

NET BIOCK

01,04,2018 31.03,2019 01.04.2014 31,03,2019 31.03.2019 31.03,2018

13,598.00 13598,00 12918.00 0.00 129r8.00 680 00 680,00

136,500.00 136500.00 114,r24,00 'r352,OO r2r476.00 15024.00 22376.OO

62,200,00 62200 00 32,r99.00 41663.00 20537.40 30001.00

212298.OO 21229a.OO 159,2i31.O0 l6a16.OO 1?6057.OO

212,298.00 212,293.00 123,540.00 35,661.00 159,241.00 53,057.00

COI{SECU-IryE & TRAOING CO. UI'ITEDNotes to the Fin.ncl.l statcm.nts4 l{on-cu.r.ntinvc.tm.nt

(') lrnquoted equity hsttumentIn Eqotty Sh.6 o, As.od.t Corp.nl€ -Equ'ty shaes of Rs. 10 each tully p.rd !p rnMod Mhd consurt ncy (P) Lhitedadd: share ot P.ont in assr.te for the year

Equity sha6 ol Rs. l0 @dr tully pald-up l.r.in Hordr.sB (P) umned

(ii) ln. P.ftnershlp Flm :

t{/5 Bro Shoo . R..d

Non-|rrd€ inv€rtm.ntr

l) Aqq.eqate book v.lue of unauoted invBtments

non-.ur.nt3!-L.Fro 3t-l.l.Fra

Rr.3gSsr-c 393511324627,OO

2066424.00 2066a24.00

213t303J3

174Sa6.00 104.143.00

178,936"00 10411300

,4x..-rt 31-H.Fr!

Sro13too

3s?rrra5.ot

ll) Equity ac.ounted .ssiatecost of Inv6tem.nt (@r ot c.pital re*Be of Rs.395516.00 )ansnq on @nelldatlonAdd: sl'arc or o.ofts 640731.00 510425.00

iii) The Daft'culaB ol hveshent inAsi.te Comp.ny.s ol March 31,2019.re as totrors

N.m€ ol th. a.e.i.t.

Mod Mind conrulbn-

s In.om. rax A3..b(rcO

Advance Tax and Tax deducted at eurce

MAT credrt entirlen€nt A/c

UnG!rcd, @nrld.rtd CoodU..motl..d EI!.ndit(E

7 C..ft ..d erh .€!lv.l.nt

122135,12

200242.69 37t735.693224r7.4r

3iea12,A.oo

r0154.00

,131303J3

Curr.nt

CONSECUTIVE INVESIMEI{IS & TRADIITG CO. LIIIITED-Not8to the Fin.n.i.l st tem.ntt

oth€r loan..nd.dv.n.€.u.secqred, .onsidered qood

7909925.00 7236343.00t909925.O0 t236343,00

9 Equity share Capital

a) Re.on.iliation of the number ofshares

Equity shaes or Rs. 10 each

Issued, .ubs..ibcd a fully paid uD sh.r..Equ ty shares of Rs, t0 eaclr fuly paid up

30075000,o030075000.00

50000000 00

-5099q99!.Sq

No, of Shares

no. or sh.GTTamouit. i No..rshs6 T- amound -Balanc. asatthe B€qnninq ofdle vearAdd : Eqlity sha.es issued dunno the year

Balance as at the end of the vear

30075000.00

3007soo 300r50oo,00

b) Termr / rie ht. .ttr. ned to.quity .harosThe cohpany hasonly one cLassofeqlity shares having a parvalue of Pa. 10 per share. Ea.h holder or equity shares is enritted to one vote per share Theconpany d{lares and pays divide.ds in IndEn Rupees. The dividend, if any/ propGed by tne B€rd oI oire.toB is subject to rhe approvalofthe sharehotde.s tnthe ensuinq Annual General Meetino,

In th€ ev€nt of liquldauon of the company, the holdeB of eqlity shares will be enutled to.eceive emaining assets of the company, aft€r distribulon ofa[preferennalamounts, ilany, The distibution wittb€ in proportion to the numberofequity shares hetd by the sharehotdets,

.) oct ik or .h.r.hold.E holdiIg morc th.n sq6 .h.e. in th. .omD.ny

Equitv shar.. ol R.. lO d.h fdly p.Id uD

Santosh Kumar lain (HUF)

R€kwerr Merchanrs (P) Ltd.Rocstar commotrade (P) Ltd,

la924o

5.02

23.248.24

5.02

2a.ra24.2a

As perrecordsofthe Company, includinq its reqister of shareholde6/fiembe6 and other d ecla rations received from sharehotdeE regardLng beneficiatinreresr,the abov. shareholding represents both legaland beneficiatowneEhips of sha6.

1432563.00

a) Natur. and prr9os€ of ReseNe3Retaided Ear.ings: Retain€d Earnings are the profits / (lo*s) that the company hasearned / incurea tittdate, Less any dividends or other distibuuons pad ro

3l-i,ra.'r9 31-M.F1a

aalance at the beqinninq ofthe vearProrivl Loss) ror the yearother co m p.ehensive lhcome for the year

Ba ance at the end of th. vear

rr Defe.r€d t r liability {n.t)

t6167944.54 r4t37714.44

Fired assets: Imoact of ditrerence betlen tax deoreciaUon anddepeciation/ amoftization charqed for the floanclal repoitinq

6306.00 6306.00

6306:aO

Fixed asts: IoDact of ditf€rence betvQen rax deo€ciation anddeo,e\'dl'on/dmonranor.haraed forthefinancial reponrnqGrc$ delerad t r ...ctretd.Lrr.dt x li.bitity 6106,o0 --------33dE.d

3007500

150900

Notes to the Financiar statements

14 R€venu. arcm op€ratiod.

Other operatino revenue

Share in profit ot partneBhip fim

16 Employ* benefit erpen$.

13 other torrelt ri.!ititi..

DepreciaUon of tanqibte assers

Mlcro and Sma I Enterpnses

E- Votino Aranqemenr Charoes

Prelrminary Expen*s Wo

W€bsite Maintena.ce Charg€sAGM Notice Courier Expen*sMonitorinq mI charoes (cosl)

Reimbu6efr ent of Ex9€nes

Travetiinq & conveyance

13509.00

1041435_00

1641545.00Rs.

1,469.OOt722299,OO

31-tit.r-19 31-rlar-1aR'.

253000.00 522000,00t664).AA 40136.00

423 00 1579 00

- -! rjz! !q

16316.00 35661,00

-ituldbd

--ifa51sd

295000,00

14000_002155.90

44302.0026758.0010620,001,500.00

11,400.00

61000.00

3260.00

10620.0020650.00

309350,00

62339.00

2150 0026000.0017991.00!0350.001,493.00

650.00

24217.0A

20626.005433.00

2500,00

42,030,0025174.0042905,0017562,00

- 84jiso.9o - o1s53r@

135or,OO

li

coNsrcunvE rf,vasTxEr{rs I rR orlrc co. uxrrcD'Nor.. b th. Fi n.l.l st t m.ntPaYm€nt to .cditor

________2!5L8 9q!4A!jq

I t No povision h.5 b..n made l. rc5p6, of o6tulty oayabl. .s no mDloy4 ha y.t put rn e!.liryhc pGrlod of sice to. .nt Uhmt of th. h.n€fits.

No pDvislon for lEome rar (curEnt Lt) is o.d6 ln the cumnt y... In vrew of tlE computauon of ln@m. Eulrlng h a l6s ln [email protected] wtrh the p@vlston ofthe Income Tai Act, 1961, and turtter, th.re rs no 'bak Drofit', .s envteOed in S..tbn r rsta oa the h@me Tax Act,

The comc6ny ha. uEbrrb.d d.ped.Uon and @rn€d foft.rd lo.s.v.iLbb 60. *t-olf utr<,€r uE In@m€ T.r A.L 1961. Hder. ln vt { ot olentlnertaintY .!g.ding g€e6fm o, $mcient tutu€ tir.hle h@me, net der.rred t x .ets .t th. y6r .nd hduding cLt d crldit / d.6|l t . rrE year iave .othen re.oonlr.d h the @unt5 o. podent ba*.

ll The company h.5 htlnly @e report.Dle busin65 .nd ceographlol eofient .nd hen.. no fu.ther dr*losc ts rcqutcd unde. A@untno stand..d (As) 17 ons.gment Repo.dnC tsued by the Ins0tute of cn.d.r.d ,ac@ntints ot Indta OC_AO.2. Eamrnos P.r sh.e (As 20) aota-ror9 2o17-2ott

a.dcl w.rght d.E CE t5. oa Eqrty IXD5OO llxrrsooonin.l v.l@ olEq'ity Sh.c (R!.) 10 tO

6.sr./ Drrur.d E malle! p.r Sh... (Ej.) A/a 0.43 O,a5

25 Thee was no b!l.nc. d@ t ltr(ro .nrl smalr Ent rrB€. 6 d.nn d unrhr th. i,rsMED A.t, 2006. f!,tn r .o lnteGt dlrt.g ttl. y6r h.5 !..fi p.td or p.ylueund.r th. trns o, XSIiED Lt 2006,

26 IlEe aG E &rtv!ov. iEolIME ath6 to hqtctic o. 6. lo.ortalon ot3taidtic a. .t 31st ttrdr 2019,2, Th* a€ m k rC t .m @Er.B.5 o 313t XrEh, 2019 tu,htci tt o,a ary trt rtal l!.s€U. to6sa5.

2a B.lan.as h p.rtt s .c@uots ao subr.Gt to cmnm.ton / l!@dlldon. Aplr.Cd.t€ ..tlGtmets, tf ..y, , b€ mad. .s lnd h,ra the b.bnc.. .e Eon ,.d.

2l anv of t E .saats ottE tlBn uad .$.ts .nd ,* cffit hvGunmta traE ttE v.tlt fi .ult3atbn li dr odtB.y @rsa ot tucn ss .q@t to tha .m@nt .twhich tlEy .r! st t d, $bFct to [email protected] not 6tts d d tul ld tDt aattbrat / db96at.lo Tn.E aE m airauB dc .nd drt5t dtic ro b. otda.d to Inv..t . EEt&. .nd klEct oo Fund.

31 In vi* of adundng st nd..! 2a 6 ldpall1Ht ot As5.t5 Esr.d oy th. tmtitute ol chlrt Ed A@unt nt ol Indt , tie conp.ny h.s r.ltaitrd tts fired .$.t!and does mt .rpact .ny tc .. on 3 tr March 2019 on .aount ot tnpaldent.

32 !.qtrrt h ,..tt-rtt, rrunE comp.iv L . ,..ts lD rvs 8lc shop. ft. nrnG ., p..t6, oEr. (4abr ctiubrodE sd t

'ar ,r g.d* Frt/r.e. .h.itg .auG .r! s uxt*

1(5526537.03

33 i.l.tcd P.rry Dt*to.u...a. LiEt ol R.l.t d p..t.r (A. td.rtifi.d Dy th. x.n.s.m. )(l) l(.y x.n.scm6nt ri.tu.n.t.

Mr. v'jay Kumarlatn r,i...9tng oire.tor

(ii) i.Ltl!6 ot xcy X.n Ccfunt pcBnrct:

prorit as p€r pront & La r{colnt (Rs.) - A

Dh.nhrmi ResEes (p) Lrd

od Mrnd CdElna.c, (p) uds..aQl Holdh(h (p) ud

santosh K!oar tain (HUF)

Mr. Sa.r6h Kumar r,nVilay Kumar.lam (HUF)

Entitlc. ov.r kha.h @ntrct i..r.rci...d b, XrplR.t. ys o, xrip:

r29992a.10 i34eit7,oo

(iii)

II{VEST}IEI'{TS & IRADING CO. LIXITED'Not€5 to th. Fir.nci.l st tement.

(iv) hvestor Companic. a.rwhichth. Comptny i..n A$*i.t€L festvle Barter (P) Ltd,Rockwell Merchants (P) Lrd,Roetar commotrade (P) Ltd,

(v) As.i.t.. IMod Mind consurtancv (P) Limited

(vi) Jointly Controll.d Entitie.Brq shop, Partne6h p Ftrm

B. rr.n.rction. with R.l.t d P.rtisl

Sh.rc in 9rofit of partncrhip fimR.imturEmcnt of ExpGn*a

P.s. synthetic (P) Ltd€. aalance oqtsi.nding .t th. yd. Gnd

Inv.stm..t in.quity.h.BMod Mhd consuttancy (P) Lrd

hv.srm.nt6 in P.nr.Ehlp firm

Trad. P.y.bl.P.s. synthetic (P)Ltd

P.S, Syntheric (P) Ltd

1a,959,50

Not€r R€lat€d parti€s have b€en id€ntified byth€ Mana!€m€nt,

or th€ B@rd of Oire.tors

s237600.00

34 Capital / Other Coiditnerta :There a.e no convacts remaining ro be executed on capitat/ othera.counrand not provided for as at t4arch 31,2019

3s additional Inform.tion, as required under schedule III of the companles Act, 2013, of enterpri*s @netidated ns substdiary/ Associatey Joint ventures,

I{.t ars.trr i...,tot t 66$rrfriruE rotal llrblliti6

Shar4ln P..fit or Lo..

secutive lnv*tnent & T.admq comoany

Associate. (Investment. .r ,e. th.

Indian i4od Mind consutdncv (p) Ltd 130306.00

100 1,430.234.1O

36 other additional intomation putsuant to the prcvisions of paragraph 5 ot schedute III to the companis Act,20r3 is elther nitor not appticabre,37 The nn.ncralstatements were approved for issue by the Board ofDir*to6, at its meeflng hetd on 21st May i 2019

439,50

R JAIAT 3z ASSOCTATES(cHARTERED AccouNTANTs)

Inside Rattanlall Surajmull Compound, l4ain Road. Ranchi. Jharkhand-834001Phone: 0651-2332518(O), 09431105530(M), 9534033333(lq), 93347 02821 (M)

E-mail Id :liaio23lQXqlloai.Lcsl0, [email protected]/UIN:- 2OAASFR2OTSEIZC

INDEPENDENT AUDITOR'S REPORT

TO THE MEMBERS ()F CONSECUTIVE INVESTIIIENT & TRADINC COMPANY LIMITET)

Report on the Audit ofthe Standalone Financial Statements

Opinion

We have audited the accompanying standalone financial statements of Consecutive lnvestment & Tradiflg CompanyLimited ('the Company"), which comprise the Balance Sheet as at March 31,2019, the Statemenr of Profit and Loss(including Other Comprehensive Income), lhe Statement ofchanges in Equity and the Statement ofcash Flows for rhe yearthen ended, and notes to the financial statement includiflg a summary of the significnnt accounting policies and otherexplanatory information (hereinafter rcfefted to as '1he standalone financial statements").

In our opinion and to the best of our information and according to the explanations given to us. thc aforesaid slandaloneiinancial siatements give the information required by the Companies Act,2013 (.ihe Acl,,) in rhe manner so rcquiredand give a lrue and fair view in @nfomity with the Indian Acmunting Standards prescribed under seclion l3l oftheAct read with the Companies (lndian Accounting Stardards) Rules, 2015, as amended, (..lnd AS ) and olher accountinsprinciples generally acceptcd h India. ofthe siale ofaffairs ofthe Company as at March 31. l0tq, lh( profir and rohjcomprehensive income, changes inequitr"and ;tscash ilo\ls for the year erded on thal date.

Basis for Opinion

we mnducted our audit of thc standalone financial statements in accordance with the standards on Auditing (sA,specified under section l4i( l0) ol the Act. Our respoDsibilities under those Srturdards are furlher described in the ;r./r.,/ :Responsibilities fat the A dil of the Standalone Financial Statenents sectlon of ow report. We are independenr oftheCompanv in accordance with the Code of Ethics issued by the Institute of Chaftered Accountants of lndia( iCAI) together$'ith the independence requiremenls that are relevart to our audft of the slandalone financial statements und;r theprovisions ofthe Act and the Rules made there under, and we have fulfilled our olher ethical responsib;lities jn accordancewith these requ irements and the ICA I's Code of Ethics. we believe thar rhe aud;t evidence we have obtained is su filcienrand appropiate to provide a basis for our audit opinion on the standalone financial statements.

Key Audit Matters

Key audit matters are lhose matters that, in our professional judgnent, were of mosl significance in our audit of theslandalone ljnancial statements of the currenl period. These malters werc addressed in r;e conrext of our audit of thestandalone financial statements as a whole. and in forming our opinion thereon, and we do not provide a sepamte opinionon these matters. we have delermined that there are no key audit mallers to be communicaled in our report.

The Compony's managfilent and Board of Directon ar€ r€sponsible for the plepamtion ofthe other infornation. The otherinformation comprises the infonnation included in the Company's annual report, but does not include dte standalonefinancial statements and our auditor's report thereon.

RJAIAT & ASSOCIA:TES

Information Oth€r than the Staodalone Financisl Ststements and Audiaor's Report Thercon

pur opinion on the standalone financial statements does nol cover the other infomation ard we do not €xpress any formof assurance conctrsion thereon,

with SAs, we exercise professional judgment and maintain professional

ln connecdon wilh our audit of rhe $andalone financial slatemenls, our responsibility is to read the other ;nformationand. in doing so, consider whether the other infonnation is materially inmnsistent with the siandalone financial statemenlsor our knowledge obtaincd during rhe course of our audit or otherwise appears to be materially misstated.

Ii based on the {ork we have performed, lre conclude that there h a maierial misstalenent ofth;s other inlbnnation.we are requhed to rcport that fact. We have nothing lo report in ihis regard.

M, nrgem€nt's Responsibility for the Strndalon€ Financial Stat€ments

The Company's management and Board of Dhectors are rcsponsible for the marlers stated in seclion li,+(5) ofthe Actwith rcspect to the preparation ofthese standalone financial statements that give a true and fair view of the finarcialposilio[ fuancial performance, total comprehensive incomq changes in equity and cash flows oflhe Company inaccordanc€ w;th the lnd AS and other accoundng principles generally accepred in India. This responsib;lity also inchrdesmainlenance ofad€quate accounting records in accordanc€ with the provisions ofthe Acl for safbguarding the assets ofthe Compary and for preventing and detecting frauds and other inegularitieq selection and applicationlf appropriateaccounting policies; making judgmenrs and esrimates that are reasonabte and prudent; and d€sign, implemenddo; andnraintenance of adequate intemal linancial controls, that were op€mting efectively for ensuiing the accuracy andcompleleness of the accounting records, relevant to the preparalion and presentaiion of the standalone financialsiatements ihat give a true and fair view and are free from material misslatement. whether due to fraud or error.

ln prepaing the standalone financial statements, maoagement and Board of Directors arc responsible for assessing lhecompany's abiliy to conrinue as a going concem, dis.losin& as applicabre, matters related ro go-ing concern and usini thegoing conc€m basis of accounting unless mamgement eirher inren& to riquidae the compaiy or to cease operations, orhas no realistic altemative but to do so.

The Board ol Directors is responsiblclot overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Standalone Financial Statements

Our obje€lives are to obtain reasonable assurance atrout whether the standalone financial statements as a whole are freefrom material misstalement- whether dxe 16 fmud or.error, and to issue a.n auditor,s report that includes our opinioh.Reasonable assumnce is a high level ofassurancq bu is not a guarantee that an audit conducted in accordance wiih sAswill ahvays detect a maler;al misstat€ment wh€n it exists. Misstatements can arise from fmud or €rror aid are consideredmarerial if, individual ly or in the aggregale. lhey could reasonably be expected to inlluence the economic decisions of usersialen on fie basis ofthese standalone llnancialstatements.

F

As part of an audit in accordancethroughout the audit. We also:

skepticism

(cHARTERED AccoUNTANTS)Inside Rattanlall Surajmull Compound, Main Road. Ranchi, Jharkhand-834001

Phone: 0651-2332518(O), 09431105530(M). 9534033333(M), 9334702821 (t4)E-mail Id :liaiO23loXqll[aiLcg!0, [email protected]

GSTIN/UIN:- 2oAASFR2O75E1zc

RJArN & ASSOCIATES(cHARTERED AccouNTANTs)

Inside Rattanlall Surajmull Compound, Main Road, Ranchi, Jharkhand-834001Phone:0651-2332518(O),09431105530(l'4),9534033333(lr4),93347O2A27(Yt\

E-mail Id :iaD23QhqlIaiLeom, iain10690(oomail.comGSTIN,/UIN:- 2OAASFR2O75ElZC

. ldentiiy and assess the risks ofmalerial misstatement ofthe standalone financial statements, whether due to fraud orerror, design and perform audit procedures rcsponsive to those risks, and obtain audit evidence that is sumcient andappropriare to provide a basis for our opinion. The risk of not detecting a material misstatement r€sulting from fmud ishigher than for one resulting from error, as fiaud may inyolve collusio& forgery, intentional omissions,mi$eprcseotations, or the override of internal control.

. Obtain an undestanding ofintemal flnancial controls releva to the audit in order to design audit procedures that areapproprjate in the circumslances. Under section 143(3Xi) ofthe Act, we arc also responsible for expressing ouropinion on whether dle Company has adequale intemal financial controls system in place and the operaringeffectiveness of such controls.

. Evaluate tbe appropriateness ofaccounting policies used and the reasonableness ofaccounling estimates and relateddisclosures made by management.

. Conclude on the appropriateness of management's use ofthe going concern basis of accounting an4 based on theaudit evidence obtaine4 whethff a malerial uncertainty exists related to evenrs or conditions thal may castsignilic&t doubt on the Company's ability to conlinue as a going concem. If we conclude that a material uncertaintyexisis, we are requ;red 1o draw attention in our auditor's report to the related disclosures in the standalone financialsratements or, if such disclosures are inadequate, ro modiry our opinion- our conclusions are based on the auditevidfice obtained up to rhe date ofour auditor's report. However, future evenls or cond;tions may cause rhe companyto cease to continue as a going concern.

. Evaluate the overall presentalion, struclure and content of the standalone financial slatements, including thedisclosures. and whether the slandalone financial statemenis represent the underlying tmnsactions and eventi ir ama rer thal achieves fair presentation.

We communicate with those charged with govemance regarding, among other matters, the planned scope and timing ofthc audit and significant audit findings, inclding ary significant deficiencies in inlernal control rhat rve identi]y during ouraudit.

We also provide those charged with gov€maice with a statement that $e have complied with relevanl elhicalrequirements regading independence, and to commuricate wirh them all relationships and other matters that may.easonably be thought to bear on our independencs and where applicable, relared safeeuads-

Repoft on Other L€gal snd Regulstory Requirements

L As r€quired by the Compan;es (Auditors' Repot) Order, 20 I 6 ('1he Ordei'), issued by the Cenhal Covernnenr of India interms of sub-seclion (l l) ofsection 143 ofthe Act, we give in the Annexure A a statemeflt on rhe matters specified inpamgraphs 3 and 4 ofthe Order.

2. As required by Section I4i(3) of the Act, based on our audit we report rhat:

a) We have sought and obtained all the infonnation and explamlions which to the best ofour knowledge and beliefwere necessary for the purposes ofouraudit.

' b) In our op;nion, propcr books ofaccount as required by law have been kept by rhe Company so far as ;t appearsfrom our examinalion of those books.

R JAIAT & ASSOCIATES(CHARTERED AccoUNTANTS)

Inside Rattanlall Surajmull Compound, Main Road, Ranchi, Jharkhand-834001Phone: 0651-2332518(O), 09431105530(14), 9534033333(lY), 9334702827(M)

E-mail [d :[email protected], iain10690(aomail.comGSTIN/UIN!- 2OAASFR2O75E1ZC

c) The Balarce Sheet, the Star€ment of Profit and toss ircluding other Comprdrcnsive lncome, Statement ofChanges in E4uity and the Statement of Cssh Flow d€alt wilh by lhis Report arc in agreement with the relevantbook ofaccount.

d) In our opinion, the aforesaid standalone financial statemenls comply with lhe Ind AS specified underSection 133 ofthe Acr, read with Rule 7 ofrhe Compdnies (Accounls) Rules,20l4.

e) onthebasisofthewrinen rcpresenlalions received from the di.ecro,s as on March 3t,20lgtaken on record b\rhe Boad ofDir€croB. none ofthe dteclors is d'squalified asonMarchjl,20lg from beinB appoinred as ;dir€ctor in terms of Secrion I 64 (2) of rhe A cr.

1) With respect io the adequacy ofthe inlemal financial controls over financial reporting of the Company andthe operating effectiveness ofsuch controls. refer to our separate Report in ,.ennexure g".

with resp€cr lo the other marters to be included in lhe Auditor's Repon in accordance with Rule I I of the companies(Audil and Auditors) Rules, 2014, as amend€d in ou. opinion and to the besr of our information and arcording rothe explanarions given to us:

i. The Company does nor have any p€rding tirigarioN which would impacl ils financial posilion.

ii rhe company did not have any rong_term mnfacts incruding dqivative con*acts for which lhere were anymaterial forcse€able losses.

iii rhere were no amounts which werE required ro be Fansfened to the hvestor Educarion and prot€.1ion Fundby rhe Company.

iv' The discrosures in the financiar shremeirs regarding hordings as welr as d"urings in spe.itied b6nk nolesdurinS rhe period fiom 8 November 20t6 r;i, drember-10r6 r,""" ,J-u*T.a" in dese 'nancial

siatem€nls since$ey donotpenajntothgfinancial yearended jl March 2019.

4. with respect to the olher matters to be included in $e Auditor's Repon in accoralanc€ with the requirements olsection lg7(16)ofrhe Acl, as amended:

According to the inforntation and explanation given to us and based on our cxamindion oflhe rccords. ihere is noremuneralion paid to rhe direcrors during the current year. The Minisrr) of corporare Affairs has not prescribedolherdeiailsundersectionl9ll6)whicharerequiredrobecommenteduponbyus.

FoTRJAIN A ASSOCIATESGhartered AccountantsFirm Registration No - OO9988C

ft- . * lz,c)\,_*l--'--(Lalit Kumar Jain)PartnerMembership no.! OiPlace: KolkataDate : 21.05.2019

6437

R JAIAT & ASSOCTATES(cHARI ERED AccoUNTANTs)

lnside Rattanla Surajmu Compound, Main Road, Ranchi. Jharkhand_834001Phone: 0651-2332518(O), 09431105530(M), 9534033333(t1), 9334702A27 (M)

E-mail Id i rjain236hotmail.com, iain1o59o(oomail.comGSTU{/UINr- 2OAASFR2OTSEtZC

ANNEXURE 'A' TO THE INDEPENDENT AUDITOR'S REPORT(Referred lo in plrsgrapb I ofour report ofev€n date)

i. In respect ofthe Company,s fixed assets:

(a) The Company has maintained proper records showing full pafticulars, includingquantitative details and situation of fued assets.(b) The fixed assets ofthe Company have been physically verified by the Managementduring the year and no maie_rial .iscrepanci; 'h";";;; noticed on suchverification. [n our opinion, the frequency oir,".in"ati'onl" iJi"onuUfe.(c) According to the information and explanations given by the management, there areno immovable properties included ii., nr"a ussJt" oi t-ti"'dirniuny ana ,""o.aing5lhe requiremenrs under clasue s(t)(c) of the o;;;;-;;;i applicable ro theCompany.

ii. The Company does not have an)_.ph_ysical inventories. Accordingly, reporting underclause 3 (ii) of I he order is nor appticable ;th; a;;;;;.' *'"'""'"',

iii. According to the information and explanations given to us, the Company has notSranted any loans, secured or unsecured t.;-;;;;;;;, Limited Liabilih,Partnerships or olher Dartics covered in the register i*irilir"J'ria* i";"r-;;;.;ithe Companies Act, zoi3.

iv. According to thc information and explanations gilen to us, the Company has compliedwith the provisions of Section-r86^of rh" C".;;i"" 1;, ;;;i"Jlt .esp""t to loonsgi'en and inr.estments made_ The Compa"y lras";i;;ilj""; lians or proviaea anyguarantees or security underSection rg5 and bas not f,rovided aiy guu.ant"e o. se"u"ityunder Section r86 of Companies Act, 2o13.fth" C..i""i". e"i,Z""rg.!. The Companv has not accerrted deposits,during the year and does not have anyunclaimed deposits as at March 3r, zorg and thereiore. the lroilLris ofthe clausc a 1v.1of the Order are not applicable to the Companv.

-----""'"'"'-'"'-

- Thg maintenance of cost records has not been specified b1, the Central Governmenturder section 148(1) of the companies Act, 2013 for the business activities carried outby the Company. Thus reporting under ctrri" stij "i

tir" "rd';is iit appticrtte to theCompany.

{

R JArI{ 3t ASSOCfATES

\ii. (a) According to the information and explanations given to us and on the basis of ourexamination of the records ofthe Company, amounts deducted/ accrued in the books ofaccount in respect of undisputed statutory dues including income tax, wealth tax, andother material statutory dues have generally been regularly deposited during the year bythe Company with the appropriate authorities. As explained to us, the Company did nothave any dues on account of prcvident fund, employees'state insurance, service tax,duty ofcustoms, \,alue added tax, cess, and duty of excise.

(b) There rvere no undisputed amounts payable as at March 3r, zorg for a period ofmore than six months from the date theybecame payable.

(c) According to the information and explanations given to us and the records of theCompany examined by us, in our opinion there are no dues which have not beendeposited on account of any dispute by the Company.

viii- The Company has not taken any loans or borrowingg from financial institutions, banksand govemment or has not issued any debentures, Hence reporting under clause 3 (viii)of the Order is not applicable to the Company.

i)c The Company has not taised moneys by way of initial public offer or further public offer(including debt instruments) or term loans and hence reporting under clause 3 (ix) ofthe Order is not applicable to the Company.

r To the best ofour knowledge and according tothe information and explanations given

to us, no fraud by the Company or no material fraud on the Company by its of6cers oremployees has been noticed or reported during the year.

xi. According to informatiol and explanations given to us, the Company has not

paid/proYided for any managerial remuneration during the 1ear. Thus, tie provisions of

section 197 read with Schedule V to the Act are not applicable to the Company and

accordingly, paragraph 3 (xi) of the Order is not applicable to the Company.

ni. The Company is not a Nidhi Company and hence reporting under clause 3 (xii) of the

Order is not applicable to the Company.

xiii. In our opinion and according to t}Ie information and explanations given to us, the

Company i" ir, "o*pliance

with Section r7/ and 188 of t}le Companies Act, zor3 where

applLble, for all transactions $'ith the related parties and the details of related party

transactions have been disclosed in tlre standalone financial statements as required by

the applicable accounting standards.

(CHARTERED AccouNTANTS)tnside Pattanlall Suraimull compound, l''lain Road, Ranchi, lharkhand-834001

Phone: 0651-2332518(O), 09431105530(14), 9534033333(M), 93347 02827 (M)E-mail Id :liai[2SohqLnaiLrsm, [email protected]

GSrIN/UINr- 2OAASFR2075ElZC

R JAILV 3z ASSOCIAaTES(CHARTERED AccouNraNTs)

Inside Rattanlall Surajmull Compound, Main Road, Ranchi, Jharkhand-834001Phoner 0651-2332518(O), 09431105530(l,l), 9534033333(f4), 93347 O2A27 (M)

E-maal Id :!iai!.230Xq!Da[Igm, iain10690(a0mail.comGSTIN/UINr- 2OAASFR2oT5EIZC

ForRJAll{&ASSOCIATESGhartered AccountantsFirm Registration No - OO9988C

h(Lalit Xumar Jain)PartnerMembership no.! O15437Placer KolkataDate:21.O5.2O19

s

During the year, the Company has not maale any preferential allotment or privateplacement of shares or firlly or pardy paid convertible debentures and hence reportingunder clause 3 (xiv) of the Order is not applicable to the Company.

In our opinion and according to the information and explanations given to us, duringthe year the Company has not entercd iuto any non-cash transactions with its Directorsor persons connected to its directors and hence provisiom of section 192 of t}IeCompanies Act, 2oB are not applicable to the Company.

The Company is not rcquireil to be registered under section 45-IA ofthe Reserve Bank oflndia Act,1934.

R JAILY & ASSOCIATES(CHARTEREo AccoUNTANTs)

Inside Rattanlall Surajmull Compound, Maan Road, Ranchi, Jharkhand-834001Phone: 0651-2332518(O),09431105530(l'l),9534033333(14),9334702827(Nl)

E-mail Id :Aai[2SQhglrDA]L!e!0, [email protected]/UIN:- 2oAASFR2O75E1ZC

We hate audited the internal financial controls over financial reporting ofCONSECUTWE INVE.STMENT & TRADING CoMPANY LIMIiED .theCompan1,") as of March 31, 2ol9 in conjunction with our audit of the standalonefinancial statements of the Company for the year ended on that date.

Opinion

ANNEXURE 'B" TO THE INDEPENDENT AUDITOR'S REPORT

(Referred to in paragraph 2(f) urder .Report on Other Legal andRegulatory Requirements' section of our report of even date)

Repofi on t}re Internal Financial Controls Over Finatcial Reporting under Clause(i) of Sub-section 3 of Section r43 of the Companies Act, 2013 ("th; Act")

lrl our opinion, to the best of our information and according to the cxplanations givento us, the Company has, in all material respects, an adequate internal fiuancial controlssystem ovcr financial reporting and such internal filancial controls over financialrellorting i{ere operating effectively as at March 3r, zo19, based on the intemal controlover financial reporting critcria established by the Company considering the essentialcomponents of internal control stated in the Cuidance Note on Audit of lnternalFinancial Controls Over FinaDcial Reporting issued by the Institute of CharteredAccountants of India.

Management's ResponsibiUty for Internal Financial Controls

The Company's management atrd Board of Directors of the Comlnny are responsiblefor establishing and maintainiug internal financial controls based oD the internalcontrol over financial reporting criteria established by the Company considering theessential comlrcuents oI intemal control stated in the Guidance Note on Audit ofInternal Financial Controls Over Financial Reporting issued by the Institute ofChartered Accountants of India. These responsibilities include the design,implementation and maintenance of adequate internal financial controls that weteoperating effectively for ensuring the orderly and efficient conduct of its business,incluiling ailherence to Compauy's policies, the safeguarding of its assets, theprevention and detection of frauds and erro6, the accuracy and completeness of theaccounting records, and the timely preparation of teliable financial information, asrequired under the Companies Act, 20r3,(hereinafter referred to as "the Act").

Auditor's Responsibility

Our responsibility is to express an opinion on the intemal financial controls overfinancial rcporting of the Company based on our audit. We conducted our audit inaccordance with the Guidance Note on Audit of Internal Financial Controls

I

Financial Reporting (the "Guidance Note") issued by the Institute of

R JAIA{ & ASSOCIATES

Accountants of India and the Standards on Auditing prescribed underSectionl43(1o)of the Companies Act, 2013, to the extent appticable to an audit ofintemal financial controls with reference to fiIlancial staements. Those Standards anilthe Guidance Note require that we comply with ethical requirements and plan andperform the audit to obtain reasonable assurance about whetler adequate internalfinancial controls over financial reporting were establisheil and maintained and if suchcontrols operated effectively in all material respects.

(CHARTERED AccouNTANTS)Inside Rattanlall Surajmull Compound, l4ain Road, Ranchi, Jharkhand-834001

Phone: 0651-2332518(O), 09431105530(M). 9534033333(M), 93347O2A27 (M)E-mail Id :dad231QXqLt[ai.Legm. [email protected]

GSTIN,/UIN:- 2OAASFR2O75E1ZC

O-ur audit involv-es performing procedures to obtain audit evidence about the adequacyof-the internal financial controls s]stem over financial reporting and their operatingeffectiveness. Our audit of internal financial controls over financial reporting includedobtaining an understanding of internal financial controls over finincial

-reporting

assessing the sk tiat a rnaterial weakness exists, and testing and evaluating thedesign and operating effectiveuess of internal conlol based on 6e assesseil risk. Theprocedures selected depend on the auditor's judgement, including the assessment ofthe risks of material misstatement of the finaniial statements, wheiher due to fraud orerTor.

We believe that the audit evidence rse have obtained, is suffrcient and approp ate toprovide a basis for our audit opinion on the internal financial controlJ iystem overfinancial reporting of thc Conpany.

Meaning oflnternal Financial Controls Over Financial Reportirrg

A company's internal financial cotrtrol ovet financial reporting is a process designed toprovide reasonable assumnce regarding the reliability of financial reporting and thepreparation of financial statements for external purposes in accordance with generallyaccepted accounting p nciples. A company's internal financial conhol over financialreporting includes those policies and procedures t}rat (1) pertain to the maintenance ofrecords that, in reasonable detail, accurately and fairly reflect the transactions anddispositions of the assets of the company; (z) provide reasonable assurance thattransactions are recorded as necessary to permit preparation of finaneial statements inaccordance with generally accepted accounting principles, and that receipts andexpenditures of the company are being made only in accordance with autho sations ofmanagement and directors of the company; and (3) provide reasonable assuranceregarding prevention or timely detection of unautlorised acquisition, use, ordisposition of the company's assets that could have a mate al effect on tie financialstatements.

Limitations ofInternal Fimrncial Controls Over Financial Reporting

Because of t}te inherent limitations of internal financial controls over financialreporting, including the possibility of collusion or improper managemelt override ofcontrols, material misstatements due to error or fraud may occur and not be iletected.AIso, projections of any evaluation of tie intemal financial controls over finreporting to future periods are subject to the risk that the internal financial con

q|tc$t

-R 3. ASSOCfATES(cHARTERED AccoUNTANTS)

Inside Rattanlall Suraimull Compound. l4ain Road, Ranchi, Jharkhand_834001

E-mail Id :qd!23ohshatLlslL [email protected]/UIN:- 2OAASFR2OT5EIZC

over financial reporting may become inadequate because of changes in conditions, orthat the degree of compliance with the policies or procedures may deteriorate.

FoTRJAINAASSOGIATESGhartered AccountantsFirm Regislrataon No - OO998AC

aa- .- r^^\/ -F ry,(Lalat Xumar Jain)PartnerMembership no.r Ol 37Place!Date !

CONSECUTIVE INVESTMENTS & TRADING CO. LIMITEDBalance sheet as at 31 March 2019

Note 31-Mar-19Rs-

31-Mar-14

urrent AssetsProperty, Plant and EquipmentFinancial Assets

Investmentslncome tax assets (net)Other Non-Current AssetsTotal Non-Current Assets

Current AssetsFinancial Assets

Cash and Cash EquivalentsLoans

Income tax assetsOther Current AssetsTotal Current AssetsTotal Assets

3

455

7a56

36241.00 53057.00

34430869.002131303.13

3224L7.417909925.00

178986.0010158.O0

378615.81?236343.00

104143.0068739.50

8421486.81 841.31

45,656,254.94 .44

EquilyEquity Share CapitalOther Equity

Total Equity

LiabilitiesNon-Current LiabilitiesDeferred tax Liabilities (net)Total Non-Current Liabilities

910

30075000.0015527217.54

30075000.0014227249.44

217.54 44302289.44

11

Current LiabilitiesFinancial Liabilities

Trade PayableOther Current LiabilitiesTotal Current Liabilities

t213

3873t.4019000.00

13509.0080966.00

577 3L,40 94415Total Equity and Liabilities 45t666,254.94 44 o70.44

Basis of preparation, measurement andsignificant accounting policies 2The accompanying notes are an intoqral paat ofthese Iinancial statoments

In terms of our report of even dateFoTRJAIN&ASSOCIATESFirm's Registration Number : 009988CChartered Accountants


f7'-r \{(Lalil Kumar Jain)Partnerlvlembership no.: 16437

Directors

Director

Fo. CONSECUTrVE lli\::i , .

& TRADING COMPf,rii i-..,_t_-

For CONSECUTM IIWESTIIEITS& TRADII{G COMPANY LIMITED

\/,ra, Va'a t\Chl4 Flnonclol Otttcet


*Aa^*

35071224.OO2131303.13

37244768.t3 3661522913

6306.00 6306.006306.00 6306.00

s^r coNSECUTIVE INVESTMENTS

a. ineotNc cot'tPal,IY I-lt{treo

1-^^l) \J,'-ilL

CONSECUTIVE INVESTMENTS & TRADING CO

statement of Profit and Loss for the Year ended 31 March 2019

LIM ITED

Note 31-Mar-19Rs.

31-Mar-18Rs-

Revenue from operationsOther incomeTotal revenue

t415

744425.001681545.00

1041435.001722299.OO

2429970.OO 27 637 34 -OO

Employee benefit expensesFinance costsDepreciationOther expenseTotal expensesProfit/(Loss) before taxTax expenseProfit/(Loss) afte. tax (A)Other Comprehensive Income for the year (B)Total Comprehensive Income for the year (A+B)

Earnings per equity share ( Nominal value Rs. 10 per share)Basic (Rs.)Diluted (Rs.)

Basis of preparation, measurement andsignificant accounting policies

16L71a19

562186.001579.00

35561.00815s31.00

20

269647 .OO

428.0016816.00

843150.901130041.901299928.10

0.00

14t4957.OO134A777.00

0.00129992a.10 1344777 .OO

129992a.10 1348777.OO

0.430.43

0.450.45

2The accompanying notes are an inlegral part of these financial slatements

In terms of our report of even dateFoTRIAIN&ASSOCIATESFirm's Registration Number : 009989C For and on behalf of the Board of DirectorsChartered Accountants

G-"'Eq . la '

(Lalit KumarJain)PartnerMembership no,: 16437


DirectorsFoT CONSECUTIVE INVESTMENTS& TRADING COMPAI'IY LIMITED

t\fu^rdt<-Diector

For CO SECUTIVE IIWESTMEIITS& TRADING COMPANY LIMITED

.1/,ron Va-tttChie, Einonclol Otltcet

For CONSECUTruF rlt.l.,. - , .

a rnaorlo cor,,rp]ri.n'i-....,. -

Secraarg

,l-";tu

,\ r,

CONSECUTIVE INVESTMENTS & TRADING CO. LIMITEDSTATEMENT OF CHANGES IN EQUITYFor the year ended 3'lst March, 2019

A) EAUITY SHARE CAPITAL

Bahtrco aB.t !t.t xrEh, 20l7Chaigss in equilysnaro capitalduring ine yearBalanc6a3.t313i arch,20tEChanges in 6quily shac c.pital dudng lt'€ y€arBalance as at 31st March, 201 I

OTHER EOUITY

A! at31slX.rch,20l7Balance as .l lttApdl,20i7

Olher conprehensrc lncome lor ule yeatBalanco a3 al 31.t M.rch, 20t8A. at316tM.rEh,20t!

Other comprchensive lncome for tie yearBahnc. a. .t 3l.tL.ch, 20tg

12,474,512 441 ,34A,777 .OO

't2,87A.512.44

1,Ua,777.00

14,227.289.U ---------1422728914 - 14,22?,2A9_441,299,928.10 , 1,299,928.10

15,527,217 .54 15,527 ,217 .54

(a) Reler Note 10 for oature and pu.pose of reserve

The accompanying not6s are an integrat part ofthese financiatstatements

In terms of our report of even dateFoTRJAIN&ASSOCIATESFirm's Registration Number : 009988CChartered Accountants

Z"i ^ .s l^ O\r- -\- l(' \(Lalit KumarJ.ln)Partneri4embership no.: 16437

Camp KolkataDatei 21.05.2019

For and on behatf of the Eoard of Directors

. l. '

Directors

For CONSECUTM INVESTMENTS& TRADINC COMPAI.IY LIMITED

firy^^*!"4_

I"isiHiSTl:1IT,:Ii,,,i,,

11-iBlii8".HlY;ffi iffi'J^$;o1 '/a"'a

l\CNel nnonctot ot tcc.

R6orves and Surplus Otner

e*-

Balance30.075,0(n.00

30.075,000.00

30,075,000.00

o

CONSECUTIVE INVESTMENTS & TRAOING CO. LIMITEDCash flow statement for the year ended 31 March 2019

3l.if.rch,2018

A) CASH FLOW FROI{ OPETTATING

o.p.!d.tbi .n A,Etr.lo Erc..-N.r o.in o ..L 6 rn ..tEiLsh.6 ln Poft ol P.nm6hip Fim

O9.r.&E PDnt h.d. dtttt c.rt l ctElg-Chl|g6 l. lbthg C.Cbl :(rnq-y o.d*$ In nab @iv.6h(ircd.Y DE-& h otlr tuEE l-..b (iDiemd)(llE{.Y O.oa h otrr.Bil r-E (orEr0(l@Y o.dEg h l@E Ia 4...i. {droF-n(lnoloY o&ss in oos mrii..r.t0lEe&Y o€@s i. r.m. Tu A.!.b (@mn0(ln4.ey o*.u in orh- @nqll a.sr.(ln€ey oeB in hElo.i.tr6.a./ (o.qE!) h rdr. P.rabr.lEe/ (odEe) in oorfin*rr u.u$ir (EffiorEa..'/ (D.oas) in od'r 6E.dd [.bihi.! (ffi9hoo!./ (D@4) i. pou.roG (lElE@nr)lE4!./ (DGE.) in tutrs{ tabtiti-rrd{/ (o.sE4) h otr or.i fi.r*iirCrh e.lmd llm o9.ou6

Td.. p.ii (rEt or 6tund.)

1299928.10

16816.00

t34A777.O0

(168154s.00)(748425_00)

3565r.000.00

(1714830.00)(1041,{35.00)

0.00(111322s.90) (1371a27.00)

(673S82.00)0.oo0.00

(74843.00)54581.50

5962708.00(192955.00)

61000_005230.00

(7,739.50\

25222.40 (90099.50)

0.00650lo.oo(61966.00)

-1439413.0O 4431327.OO

0.00flel ca.h gc@a(ed Lom 443t32.7

B) Clslt tlow FioI txvEall].o ICIMIIE!:Pudr.olrlF,,. .n.S*.l.rS.r. F!€(b ot F.q.rt !a.n.n 4rrr-t9n h IM.t Prtmlilg FtDS.b ,.!.-L o, hs.llra[h..!l-r h Ftir.tlip FanArdE ot t irdnrti.F'i!...d./ (n'/..ltLit )rm/m turiv b.nk d.9or. (h.rrE ct t mrJfty.ul!r

1581545.00

(64635s.00)

1714830.000.00

(69s2430.00)

0.00

744425.00 1041435.00

1 s.ooc)c 3x Ftow FRof, nNAXC|TG ACflVtnEs:

Shdl-t mldEuir]e t t-Shqlb.n bdBilc. r+aid

T.E i,o div*ldn

0.00

iE*.d (da@) 5 arh ,n 66 .quiEEnr. - (A.at)Add c..h .rn 6.h .quiv*d. .r 0E h.{rin.ing oa tn ysr 1

7.aL

For and on behalf of rhe board of di.ectors

0.00(561 235162.00

53.815.41

lrf, *.60.rt,iq @t . eutrt eot p.ndtE ftlct t.r.b.rntAs per our report of even dateFOTRJAIN&ASSOCIATESFirm's Registration Number : 009988CChartered Accountants

$-"-(rrlt Xum.r Jatn)

MembeGhig no.: 16437

FoT CONSDCUTIVE INVESTMENTS& TRADING COMPAI,]Y LIMITED

For Cu:,{si& rR^DiNc ,i,.:lt FOT CONSECUTIVE r vEsTME[Ts

& TRADNO COUpetry uurrrn'-t/rso1 Va'ult

Chiel Finonctot Wcel


l4-re6-1EE-at

)--n"

CONSE€UTIVE & TRADING CO, UMITEONote. to the Fin.n.ial st.t€ments

r. co.9or.t. Inforrutionconsecutive Invenments &Tradlno co. umlted ( thecomp.ny') rsa llst d entlty lnco@orated ln lndla, havho lts reolstered om@and principalplace ofbusiness ar23i cnnesh chandra avenuei (olk.t. 700020.

2. 8..1. o' oE9.i.tton, mo.oemcnt .d .lo.lflont .@!.tlnc Doll.L.

i) 8..i. of A@rntingfte* ltnancr.l st tements h.ve be.n pep.red r. .co.n.nce wrth UE Indr.n ,(counthg St.ndards (heEhafrer refetred to as the'Ind aS') as notrlied byMmistry of corpsat atr rB ruBuant to *ctao. 133 of the comp.naes rct, 2013 G.d rrthrule 3 of the companrB (lndian A@untino 5ta.dards) Rules, 2015

all asets .nd llabllld6 haG ben .lasglLd 6 @mnd or mn culmt 6s p.r th. cdnpany'3 no.nal op.r.tlng cyde .nd ott6 dttlna 6 et out h t E otvBion IIInd AS Sd.duh III to lhc Comp.nEs

^.t, 2o13.lhe @mp..y ha3 as,t l..d lts or.ndnC .ycla .s 12 nonths lo. the ,uDoe oa @mt and [email protected]

clasifcifi of e.ts .rld ll.Hllt6.ll) B.r. .a xosr.!-!t

Tie nEEbl st temFti .e p.!!.Ed m.r.r tn. hEtorkrt cost cmv6tlo. unt s otndE tdkrtad,

The pepGdon of tn fimndd stitatkB €qulE th. mm.lmnt to mL aadnatas .nd e&nrdoG c..d&r€d rn th. EDo.t d .nounB of asts andli.bilitt6(li.firdhg @omgt llaulld6) .3 of th. d.te of th. nBrxLl itlt manB a[d dE E o,ted ha.rna aftt q!.|lG dud.a tna .erortrng p€.Dd. Themanaoetrnt b.lrd6 th.t the ..dmat6 us.d h tna pcpodon oa dE lln!.d.| si.tamarts .e p.rrdat .id r.rsabh . FutuE etts 6utd dri€. nom the

lJ) P,oo.rg, DlDr.d rqCr.rdt( ) PEt-ry, rLra ...l aq{tFErpr.p.rty, rl. rn Eqllprnents .d sr.t d .t aNlct on .oat n€t ot &@mul.t d d€prtd.don, .nq$.tron, { My. slbeq6t costs 6. b.tncho t E .*rs toits @l(h! @r<trr@ b. n5 int id.d E, .B t.dudcd h tnc.sts 6,ryt.c .do!nt.

a) oep.Riabm on Fked rets B [email protected] to dE .rt6t oa .,.!.!d.Dta .h@nt d tn wrttto oorn vde (wDv) ti€tnod. o.D.rrad6 is D.wtded oaad @u*tu1 lif. of dE 6.ts 6 !.enb.d rn sctEdut II to th. comp.nh. Aat, 2013 ;b) Aets @sdng t6 the Rs. 5,0oo/- .E d€on Lr.d at !OOi5 |n dr yaa. of .cqlEllon.

An agt ls uEt d 6 lmp.lcd *lEn thc @rvLg ct of .et a.aads rt5 l@!6aol. v.t@. An ho.lllmt t6 t ch.r!.d to dE tr.6t .id L6 statehent inuE vea. in wt dr an .et t' ldentllr.d aq lmp.rEd. Th. rmp.kMt 1066 G@9nk d h pio..@udn! p.,tod ls ,4...d_talh€c has ban . d;r.; d* -esumate oa lffiu. a@nt,

Long Im hwsutrats ae st t d at ost ot .cculgron,-PDvr.lon h{ dtdhudo ts frad. to E@cnl& . (r.dtna, odE Dirn temD.6rr, tn dE vat* ofrnve5undrs. c!@nt InvBrErts .E oEEd .t toG o, co5t .nd t k v.tE_

Inrston€ aE v.lu.i at bwr of @d ..d n t @ltsu. v!to..rdll R@Enlr&ld d Ir6d r lrrGdtUrn

Iteos oa inqE and .Io.rdnjE .€ G@gnted on .art6t aid !.ud6t b.*.

a) c!@ot llrm. r., rs Fwk .d b, .ppt hc dE p.ovlcd. d dr. t|l@m. Tu A.! 1961on tt pr!6t ior th. d@m yoib) trefe@n tax tsseti and lLblllde leldng ,tm dnhg dlt .Fcaa b.hrc.n look p6tB .d t.r pront! !.? [email protected], 6. !.ldc th. [.b{ty nEdDd andm*r'!d at $bst ntr.llY.n&t d..t6ott,.tdf,E r.@ slE.t d.t t dE .,t;t dutd6 n;i ir.ir n --u. r,r,t .r oohty th.t e|ncr.nr tuh,EtnEble tndE r l b€.v. aue.cEtn t.ti.tr rldr d€a.n d t,

"ot l rrrt "r

mo,rtv on b. _rr..a-.- - - -

r) Pulbt' cedicdr u. tit ..rd Cor lm-t aor.P.@isims .B Eognrzed t. th. [email protected] ln r6p€r of plent p.ob.bt obthEdon., n! [email protected] of whtn on be Er.Dty Edmat d,uabllld€ wnidr ae mten.l and whe tuturc @tcome @nnot b. actt.h€d wrth aason.bt..art r.ty.E t@ted .s condnlent.nd drsdos.d by way of otscooriog.nt a$.ts .E neltner resontEd m. dl*tos.d ln th. llEidat 5t t mants,

ri) cilo. P.rlod Itrn.Prior Pe,tod it ms arc tndu&d t. th. Bp<!E h4dS of a@unb lnrt m.tartat ltem. ..a dt*t6.d by way ot not6 to e.ount.rte above .@unthq polcr. a,. consrstant l?Dm v6r to valr .nd tnara has b.an no .ha.ea h the .ccountinc polar* durr.c tne y.ai

CONSECUTIVE INVESTMENTS & TRADING CO. LIMITEDSCHEDULES TO ACCOUNTS

Propedy, Plant and Equipment

GROSS BLOCX AT COS1 OEPRECIATION NET BLOCK

01.04.2018 31.03.2019 01.04.2018 31.03.2019 3103.2019 31.03.20r8

13,598.00 13598.00 129r8.00 0,00 12918.00 680.00 680,00

Computer 136,500.00 1t6500,00 7352,00 121476.00 15024,00 22376.OO

62,200.00 62200.00 32,199,00 9464.00 41663.00 20537.00 30001.00

TOTAL 21229a.OO 212294.OO 1S9,241.OO 16416.OO t76(,57.OO 36241,00 530s7.00

212,29A,OO 212,298.00 123,580,00 35,66r.00 159,241.00 53,057.00

114,124.00

I

CONSECUflVE I VESI}IEIIIS '

TRADTNG CO. LI"IIEONote. to th. Fin.n.l.l Stat.m.nt.

no. otsh.ro. ll ^6ounts

(i) Llnquoted equitY lnstrumentst. Equtt sli.s r, arelt cdro..L. -Eourty shaB ot P3. 10 each tully Eid'uo

'nMod Mind consulr.n.y (P) Limlted

(ii) h. P..tnechre hm :

rys Elc Shop . R..d

A<Fregate [email protected] or uilq@t d lNe.fiats5 In@tu r.r A-.t{n t)

,dvance Tax and Tax d€du.t.d.t $urce

AT credat entd.m.nt A/c

35077224.00

230000.00

34200869.00

34430369.00

3r-x.r-r9 3l-x.FriRr. R..

39352.13 39a52.r324627,00 24627,00

2066324.00 2066324,00

Non-.lrrcnt3l-x.r-19 31-X..-lA

, cash and cash.quiv.t.nt.

uncu..d,6.lLrd !@<lUn.nroti..d ll'.ndituE

61000.007739.50

122135_17

Oth.r lo.E .rd .dv.n@unsured, @neld.ed ooodInter cdDorate deroets

9 Equity Shar. C.Dit t

Eolrty shaE ot Rs. 10 each

a) R@eltrnio. oa th. h{mb.r o, .h.6

50000000.0050000000.oo

I..u.d, .ubE.lb.d ..d tuly rEid s, rh.rc.Eouty shaes 0l Rs. 10 e.h i![v Dad up

@oa.oo 3007500

^. rt 3tn i.rch,-ol-

ll

Aal.n.e as at tne 8.q,nn'nq ofrheyearAdd: Eouiw Sh.r6 EUed dunno rh. ve.r

30o7s0o 3co750oo,oo 3007500 3oo75ooo,oo

104143,00

7909925.00 72.]6343,007909925 00 7236343 oO

50000000.0050000ooo.oo

b) t .m./.ishlr .tt .h.d to .quty .h.rc.The comp.ny has onry o.e cl.s of equrty sha6 havino a p.r value of Rs. 10 p.r 5h.e. Each holder ol equiiy sh.e ls entd€d to on€ vote per shaE.IheCompany declares and p.ys dividends ln Indlan Rupees. Th€ dividend, rfany, popo*d by the Aord ot DrcctoB ls subled to the apprcvalot l^e shareholdec inthe ensuing Annuar G€ne6r enn9.

In the event ot liqurdauon ol rhe company, th. holdeE of eqliry snares willbe ennbed to receive emainrng as*ts of the @mpany, .iie. dlstnbution of alpreferentralamounrs, it any. Tne distributon will be in p.oportion to the nuhber of€quty sh.6 held by the shaEholde6.

consEcutrvE tnvEsrHCr{rs r rRAornG co. ullrtEDNote. ro th. Fin.n.i.l st t m.nt3

c) o.t ib ol.n ..hoH.B lioldlno morc thn 5.,6 .h.d In ttr .dr.nv

Equity.h.r.r or lt5. to...htu[, {id uD

s..rosh (um.r t.i. (HrrF)

Roat@rr rreEn..ts (P) Ltd.Rocsta. comfrotr.d€ (P) Ltd

5.02

as p€r €@rds oi the compadv, rncluding its rcgBter ol sh..eholdeE/mcmbe6 and orh.r decraratbns recetved from shaehotders reoardinq benencialnreest,the above sharehotding epre*nts both regatand benefciatowneGhips ofsh.r6.

.) N.tur..nd Eurp6. ot R4ft..

B.lance ar the berinnina of th€ yearProfiV(ross) ror rhe ye.7other comoehenstve In@me for the y.ar

aabnce dr $e end of th. year

ll D.Lrr.d t t ti.buty (mt)

O.l.r.rt t r tt.bfittvrired .*ts: Imr.cr ol dfe4@ oet*en tlr derRaron anddeo-rft'atron/ .mortErDn .h.roed tor rhe nn.ndar eDonrnaDd.r.d t r fi.hlltyodr....d t r ....r.I tred asrs: tm@ct ot dl,tee@ r*ren r.r deom.t,on ando.orerdnon/ amo(lddon ch.rqea for tne finan.,.r Em nq

x.t d.Lnld trr lt btttv

6306,00

--------i6s6306.00

Micrc and Sm.lt Enterpnses

- ---6.d -_ 63d6.-dt

- 36-?3r-40 - l3so-d"o!-'

---iffi-- -tor!'g*.8F

_-- ,4si-i,oo- _

to4i4is.oo-'

la Otlrcr.u.cnt ti.b|lld.t

ra R.v.n!. from op.radons

other opeBbno rcvenue

Sh.re in p@ft ot rErlre6htD nm

- l'usLEioo- -- ,i#%.

iu"*

INVESTIIENIS & TRAOIIIG CO. LIMITEDnot.s to thc Finrn.ial Strl.m.nt

16 EmDloye. b.nelit .xp€n*.

__ _ 166!ZIq 40136.00269647.00 552146.00

Depreciatron ol tanqrble assets 35661.00

E- Votlnq a .nqenent ch.lg6

ftlllmh.ry ExE€nes w/o

web5rte rlainr.En@ charoeAGil Noue Courier Ex!.nesMonltoriru FDI CharO6 (CoSL)

Rermbuffient of Ex@ffi

Travelhn! & Coneyanc.

62339.00

26000.001799r.00r0350.00

2155.9044302.002675€,00

1,s00.0011,300.00

8260.00

11,800.0010620.0020650.00

1,492.0020626.00

5433.002500.00

69799.00

7505.0013r15.002500.00

42.030.0025174,@42905.0024730.0017562.00

-!r$;u49.

17250.00

4!?5!.!q26s1A.00

2l I{o Fwlsi.m has ttd m.& ln Gp.aly of o6trrty ,ay.bL .s m enpbte has yet pot h qBtM.g cand ot sdie tor ddd.mat oa dE b€nents,

xo pmvlsion lo. ln@ma T.x (cumnl rax) ls m.de h th! currat y.ar ln vier of the cofrputluon of Income re9lttino l. a t6s h aeordlnc. wlth the povision ofthe-hcone T.x a.t, 1961, and turth€r, um rs rc .b6k pFne, ""

*,rruc"d rn s".io" iisrt* u," i"ii.ii", ea.rhecompanvn.sun.berb.dd.pEd.ton.nd6raedfo..dlo*3.vait.bteao.*t-otfu.dertheh6neTat&!196r.Horcvs,tnvtewoapre*ntuncert.hty rec.rdrm o.ne6do. oa lmcient furle r.x.bt€ r.@me, n.t deferEd tar .sts .t tre yeat cnj rniruam! rcratea *an I aoit ro, u,.i i.oi-r,"," -tbean [email protected] in $e @nrs o p.rrdent b.srs.

23 The comp.nY has m.hlv one EDort ole busl.6.nd geoc6phlcal s.gment and hen@ no turth.r dl*t6ore ts Equted under &@unon! standard (as)17 onSegment R.r..tirE l'&a, by the hs*lture of OE.t Ed Aeount"nS of rnaio 0c.{r).

16416.00 35661.00

nvasr{Eits & 'RADtliG

co. llxtTEDNot., to th. al cl.lSt t n.nt2a Eamrnss Per share (As - 20)

Profit as D.r po,it & L6s account (Rs.) aBas'c / We'ohted averaoe No. of EquityNom'narvarue or Equty share (Rs.)6as'c / O'luted Eaminqs p€r Share (Rs.). A/3

12S9928.10 1310177.003007500

0.45

29 Any of the .ss.ts other than fixed as*ts and non coiient lnv.stments have ttE value on realledo. In th. o.dtnary cole of bogns.quat to the.mourt atwhl.h th.y.E.t ted, $bl.ct to amounts nor E.llsd on tull and fiEl $tdement / dtsp.6.t.

3l) Ihee aE m.n@nts due.nd outsta.dlm to b. o.dttad to tnv€.tor Ed@tion and prot .uo. Fund,

3r In vltu ol ,@untfu sEnd.rd 2a o ldp.rm6t of as.ts l*rEd by tne lftsdort oa ch.rteEd [email protected] nts of Indra, dE cdhp.ny h6 Btqied t! nxed aslsand de3 not .ro.<r .ny lc 6 m 31r ibrdr 2ol9 o .@mr of lnp.irmqt.

32 Inv..rr.ra l. t .lr-.tlD Hl@'np @m!E.t ls a la.tnd in rvs Ab Shop. TtE @m6 o, parn!6, dEir @pttat eEibutoG a.d th.k c.p..!E p.ofiVtE .hartm 6t 6 .E 6 und!.:,

5 5

145526517.03

t3 nd.tn tatt Dad-rda. u.rc R.ldt d,.rd- (^. ad. nhd !, d- ra&tst-!r)

(l) t t L...atr* P..H.d!r.ir. v!,., xudErr.h x.Ddng ofEtor

(ll) i.lrdv- c (.v x.u..lBr r.ltt..trtt6. Klr.n D.vt J.tnr!.', Sh6dh. ,ain

, s.n!05h (umar ,.rn (fiur)ilr. s.nto.h l<un.r ralnVlJ.y Numr Jirn (HUF)

(lll) cnttd- dg ritCr co.rt d b a-d-..t !, Xtatlx.t de or r\rp!oh.ilarmr Raute6 (P) Lrilra.Ilml xum- (P) rilP.S- Syrtn llG (P) Ud,.h Ho&t{6 (P) ttdirod ii&n Co6rbEy (P) uds.rad lroshrb e) r.dInd.nt tndb ud

(ir) !nv-to. Cqtr,.d.. l!o. wtkt tt Coor.it L & A-cLtrJll$/r. B.rt r e) ud.nodidl ireharts (P) r.id.ict . Conmobad. (P) tld,

(Y) A.eLt .:Mod I'thd CoNtt ncy (P) flmlt d

(vi) ,ointly Cortroll.d E.titi.3Bl9 shop, PadneEhip Fim

Not.: R.l.t.d p.rti.r h.v. b4. id.ntifi.d by thG li.n.e.n.nt.

'j

25 l1t4 *.s rc b.l..e due to l.!am and Small Enterprls .s dehn.d und.r the rGr4ED A.t, 2006. Furtner no inte.est dunno the y@r h.r ben O.ld o. p.yableuh(r.r tt r.ms oa MsMEo A.q 2006.

25 Thee are .o d.rrvatlve lnstruhents eidl.r for h.dclnc o. for spe.ul.tjon outstandrng as at 3lst t!.rch 2019,

2' The€ a€ no lonc t m otEds .s on llst M.Eh, 2019 fo. whr.h ttere arc any matenat foe.bt. loss.2a B.hn..s In p.rtl6 acounts ae slbJ.ct to.onfrrm.non / eo.ctll.tion. Apgop.rate adjusbncnts, tt..y, wtlt be made as and when rhe brtancas.E e@nc ed.

TNVESTMENTS & TRADING CO. LIMITED

s. T.anections with R.l.t d P.rti8:

Strrc in prcait o, p.rtn.Bhip tirn

R.imburs.d ol Erpcn*.P.S. SynrhetE (P) Ltd

c. 6.r.n.e out t nding .t th. y€r e.dIrvc.tsn.nt ir.quity.h.6

Mod Mind Consultancy (P) Ltdtnv€.tm. ri. P.rtn.Ehip fim

rr.d.P.y.bl.P.s. synthetics (P) Ltd

P_S. Synthetics (P) Ltd

69799.00

230000.00

141959.50

34 Capital / Other Comnitn.nt. :Ihere a€ no contracrs remaining ro be executed on capitat/ other account and nor provided foras at March 31,2019

35 other additionalinfomat on prrsuantto the provisions ofparaqraph 5 ofschedure lII tothe companesact,20tj is errherniLor not appticbt..36 P.ior yea r .o mp. r.tiY.5

Prevous vea/s rgures have been regroup€d/reclasiled wherever necessary to cor@spond with rhe curent yeats cassincation /dscLosure.

For and or beh.ltofthe aoardolDir..t.E

CONSECUTIVE INVESTMENTS & TR]ADING CO. LIMITEDYEAR : 2018 - 2019

Details Itemst. EQUITY AND LrAaturrEs

(r) Equtty(5) Equny Sharc c.pltll

l(b) losEr Equtty- Retalned Eamings

(2) non-cum.t U.btttd!.(a) DcfetrEd tar tl.btlu.s (i.r)(t) orl1ut u.U[d..

Ftn.mtat uauttas

- R rah A lssctatcs

z@l adv..ud.c (P) udP.s. Synthcttcs (P) Ltd.- Spart Advlery S.tut€6 rp) Lrd.

(b) other @mnt |.bllflB -

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tivrbr.trt ln C.!ftv Sh.ft- I. 5ha6 o' Hod a,thd con. (p) Ltd. (Assodat lrne.rt kt ln tr.'rn-dit. rtm- c.pit lh x/s Bh Shop

l.oi. ru A-r. (.d)ln6m t!! ar.E

129a0.00

18959.50

30075000.00

2

0.00

230000_oo

34a47224.00 351t3455.OO

Incom. rar R.tu.d.bt.- Asse$mentyear1992-93- A$essmentYear2012-13

Advana In6n. t t rnd rps- rDs(ord)

t22A7.OO24627.A0

8337513

9559.00PROVISIOi FOR t .XATIO- Income Tax t99l-92- Income Tax 1999-00 14337.00 23a96.00

64479.t3MAT Cr.dit Ertitt.mant A.cou.t- Assessment Year 20r0-11- As*ssmentYe..2011,12- as*sment Y€ar 2013-14- Asse$mentyear2014-1S

Asse$mem Year 2016,17- Asssme.t Year 2017 la

9120.008833.00

51223,0055 00 2r3r303.13

(a) Cash and 6sh equtvatents

Arnk Bat.n..- Allahabad Sank/ R..chr

- Union oank of Indra(b) To partres othe. th.n .etat.d [email protected] d.po.ttt- G. R. Buitd &ate pdvate Lihited

Oth.r Clr.nt Ar-tPrelrmhary Expenses

NSOt-lDs Payable (2019-20)

lncom. T.r A...t (n.t)ldv.n4 r^.om. r.t .6d rps

TOS (2018-19)TDS (2019,20)

t22135.12

152498.542t724,00

t5 2002a2.69 32241).81,

7909925.00

154.00

74843.00 17a986.00 8099069.00 1O552789.9a a566525a.9a

640.0015024.0020537.00

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2018-2019

CONSECUTIVE INVESTMENTS & TRADING COMPANY LIMITED

Regd Offc: 23, Ganesh Chandra Avenue, 3rd Floor, Kolkata-700013 Tel: 033-22115493, E-mail: [email protected],CIN:L67120WB1982PLC035452

ATTENDANCE SLIP

Regd. Folio/DP ID & Client ID

Name

Address of the Shareholder No. of Shares Held

(To be handed over at the entrance of the meeting place) (Annual General Meeting – 27th September,2019)

1. I hereby record my presence at the 37th Annual General Meeting of the Company, to be held on Friday, 27th day of September, 2019 at 11:30 A.M. at 23, Ganesh Chandra Avenue,Kolkata-700013

2. Signature of the Shareholder/Proxy Present.

3. Share holder/Proxy holder willing to attend the meeting must bring the Attendance Slip to the meeting and handover at the entrance duly signed.

4. Share holder/Proxy holder desiring to attend the meeting may bring his/her copy of Annual

Report for reference at the meeting.

5. Please read the instructions carefully before exercising your vote.

ELECTRONIC VOTING PARTICULARS

EVEN

(E-Voting Sequence Number)

USER – ID PAN/ SEQUENCE NO.

E-Voting Facility is available during the following voting period:

Commencement of E- Voting End of E- Voting

Tuesday 24th September, 2019 from 09:00 A.M (IST)

Thursday 26th September, 2019 till 05:00 P.M. (IST)

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