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GOLDEN LEGAND LEASING & FINANCE LTD.

PRESENT BOARD OF DIRECTORS:

1. Shri Sureshkumar Ramnarayan Sharma -Director (29-10-2010) Resign 2. Shri Kalpna Sureshkumar Sharma - Director (29-10-2010) Resign 3. Shri Pranav Sureshkumar Sharma - Director (29-10-2010) Resign 4. Shri Gopal Ramkishor Sharma - Director 5. Shri Chandrashekhar Pashupatinath Krundia - Director (29-10-2010) Resign 6. Shri Krishna Narayan Bhagwatprasad Tiwari - Director 7. Shri Mahabirprasad Banwarilal Agrawal - Director 8. Shri Ullas Parikh - Director (22-10-2010)

AUDITORS M/s.Y.D & Co. Charted Accountants REGISTERED OFFICE 302,Camy House, 3, Dhuswadi,Dr C H Street, Mumbai – 400 002 Maharashtra SHARE TRANSFER AGENT Bigshare Services Pvt Ltd. E-2 Ansa Industrial Estate, Sakivihar Road Saki naka, Andheri (E), Mumbai - 400072

NOTICE be held oTO TRAN

ORDINA

•

•

•

Date: 1 Registe 302, Ca 3, Dhus Mumba Mahara Notes:

•

• •

•

•

is hereby giveon WednesdayNSACT THE FO

ARY BUSINES

To receive andate along wi

To re‐appoint

To reappoint of this meetinto fix their re

12.05.2011

ered Office: amy House, swadi, Dr C H ai – 400 002 ashtra.

A member eninstead of himbe effective mMembers/ prMembers / pCopies of AnnThe register (both days inMembers desaddress theirrequired will

en that the Any 15th June, 2LLOWING BUS

S :

nd adopt Auditith Directors’ a

tment of Mr. G

M/s. Y. D. & Cng until the comuneration.

Street,

ntitled to attenmself. A proxymust reach theroxies should bproxies attendnual Report wof members oclusive) for thsirous of obtar questions to be made avai

nnual General 011 302, camySINESS:

ted profit andand Auditors’

Gopal Sharma,

Co., Charteredonclusion of ne

nd and vote aty need not be me Registered Obring attendading the meetiwill not be distrof the Compahe purpose of ining any infothe company ilable at the m

Meeting of they House, 3, Dh

Loss AccountReport thereo

, as Director o

d Accountants,ext annual Ge

t the meeting imember of thOffice of the conce slip, duly ing should brributed at the ny will remaiAnnual Generormation concso as to reach

meeting, to the

NOTICE

e Shareholderhuswadi, Dr C

t for the year eon.

of the Compan

, Ludhiana, Auneral Meeting

is entitled to ahe company. Aompany at leasfilled in, for atring their copyAnnual Generin close from ral Meeting dacerning the ach at least 7 daybest extent po

rs of the GoldeH Street, Mum

ended 31st Ma

ny, who retires

uditors of the g of the Compa

By

GOLDEN LEG

appoint a proxA proxy may best 48 hours bettending the my of the Annural Meeting. Wednesday, ated 15th June,ccounts and oys before the dossible.

en Legend Leambai – 400 00

arch, 2011 and

s by rotation.

company to hany and to aut

y order of the

GAND LEASING

Chairm

xy or proxies te sent in the Fefore the commmeeting. ual Report for

8th June, 2011 2011. perations of tdate of the me

asing & Financ2 Maharashtr

d the balance S

hold office fromthorize the Bo

e Board

G AND FINANCE

man

to attend and Form enclosedmencement of

r reference at

1 to Tuesday,

the company aeeting, so that

ce Limited wilra at 11.00 a.m

Sheet as on th

m the conclusoard of Directo

E LIMITED

on a poll, to vd and in orderf the meeting.

the meeting.

14th June, 20

are requestedt the informati

l m.

hat

ion ors

ote r to

As

011

d to ion

Dear Sha Your dirMarch 2

Operati

Your dirsales in t

DirectorIn accorCompan

Mr. UllaSharma,post of t

Appoint

M/s. Y. D2011‐20newly apreceived The Statended 3 Prefere During tas on 13listing an Fixed D The Com

Finan

TotalProfitLess :Net PLess :Net P

areholders,

rectors have p011.

ions

rectors informthe coming ye rs rdance with tny, retire by ro

askumar Jyant Mr. Kalpana their directors tment of Aud

D. & Co., Char012. The auditppointed audd from the aud

tutory Audito1st March, 201

ntial Issue:

the year comp3.12.2010. All nd trading app

eposits

mpany has not

ncial Result

Income t/ (Loss) Befo: DepreciationProfit/(Loss) B:Provision ForProfit/(Loss) A

pleasure in pre

m that the comears. Your Dire

the Companieotation at the f

tilal Parikh apSharma, Mr. Pship w.e.f. 29.1

ditors:

rtered Accountors of the Comitors of the coditor.

rs of the Com11 which is se

pany has raiseConvertible wproval for suc

t accepted any

ore Depreciation Before Tax r Taxation After Tax

esenting the A

mpany has incuectors do not r

es Act, 1956 forthcoming A

ppointed as pPranav Sharm10.2010.

ntants, Ludhiampany retire ompany. The

mpany have sulf‐explanatory

ed the money warrants are fuch equity share

y Public Depos

on & Tax

DIRECT

Annual Report

urred Loss of Rrecommend d

and Article oAnnual Genera

promoter direma, Chandrash

na, are propoat the forthconecessary cer

ubmitted audiy and needs no

by issuing 20ully paid and ces from the Bo

sits within the

TORS' REPOR

together with

Rs 94,515 durdividend for th

of Associational Meeting and

ector of the chekhar Karund

osed to be re‐aoming Annual rtificate unde

itor’s report oo comments.

0,00,000 Convconverted intoombay Stock E

e meaning of th

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ring the year. The year to stre

n of the Comd are eligible f

company w.e.dia & Mr. Mah

appoint as auGeneral Meetr section 224

on the accoun

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he provisions

2010

0.00(94,50.00(94,50.00(94,5

Annual Accou

(In Rs)

The company engthen the po

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f. 22.10.2010habirprasad A

ditor of the coting. The boar(1B) of the C

nts of the Com

ants on preferes as on 02.02

of Section 58A

02011

515)

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unts for the ye

is confident tosition of the c

opal Sharma, ment.

during the yAgrawal has re

ompany for thrd will fix the ompanies Act

mpany for the

ential base w2.2011. Compa

A of the Comp

200920

0.00 (64,757 0.00 (64,757 0.00 (64,757

ear ended on 3

to achieve highcompany.

directors of t

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were no employ

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ectors place ers, banks and

12.05.2011 Mumbai

yees coming w

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s not engagedplicable.

Nil Nil

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under sub‐sect

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on record thed staff member

within the amb

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tion (2AA) of

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ken proper andhe Companies irregularities

pared the Ann

eir appreciatirs & look forw

bit of section 2

ion and Forei

ufacturing act

Section 217 o

nts, the applic

counting polico give a true aof the Compan

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s.

nual Accounts

ion of continuward for their c

217(2A) of th

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tivities, furnis

f the Compani

cable accounti

ies and applieand fair view ny for the year

are for the maor safeguardin

on a going co

ued support, continued sup

e Companies A

e earnings an

shing of detai

ies Act, 1956,

ing standards

ed them consiof affairs of thr.

aintenance of ang the assets

oncern basis.

Co‐operationpport in future

GOLD

Act, 1956.

d outgoings:

ls of conserva

the Directors

had been follo

istently and mhe Company a

adequate accos of the comp

n, assistance de.

BY ORDER OF TDEN LEGAND L

Director

ation of energ

confirm.

owed.

made judgmenat the end of th

ounting recordpany and for

during the ye

THE BOARD OF DEASING AND F

gy & technolo

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ds in accordanpreventing a

ear by supplie

DIRECTORS, FINANCE LIMIT

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Name

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mpany in tunry for ensurin

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ny’s Policy:

mpany’s policyning of the colders, creditor

mpany firmly blder value in t

Of Directors:

rd of Director

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al Ramkishore

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ard of Director0, 01.01.11, 06

endances of th

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ne with the rg its complian

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PORT ON COR

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No. of MHeld 1212

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14.05.10, 31.0

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ry Disclosure

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l General Mee

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yees continuesvelopment andng the right t

received from

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rs/ investors o

suant to the tive Director oding the board

hree years is a

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h the promotenterest of the c

he notes form

ctures on any

ndia (English &

n the industry

nal efficiency, regulations. That the auditcy and effectiv

pany recogniztrain nurtureemphasis on

or Stock Excha

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as follows:

ers, the directcompany at la

ming part of ac

y matter relat

& Marathi)

y it will perfor

protection anThe internal cot observationveness of inter

es the impore and groom itraining and

anges or SEBI.

ement is volutting fees for the Company.

tors or the maarge.

counts in the A

ing to the cap

rm better in vi

nd conservationtrol systems are acted urnal controls.

tance and coits people Thedevelopment

.

untary. Presenattending Boa

anagement, th

Annual Repor

pital market a

iew of the stro

on of resourcm is supportedupon. The Au

ntribution of e Company pof employees

ntly ard

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rt.

and

ong

ces, d by udit

its uts s at

all levels

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Dates of

The sharStock Ex

Stock Co

Demat I

Market RegistraBig sharE‐2, AnsSakivihaAndheriMumbaiPh :( 022Fax: (02 Share trTransferdocumenthe Shartransfer

DemateThe Equinto agr(India) Lchoice. A

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s and has intro

nary Statemennts in this Mtions may be flly from those

l Information

AGM ‐ Date Time

Place

ncial year of t

f Book closure res of the comxchange where ode: Bombay ISIN Number price Data: N

ar and Transre Services Pvta Industrial Ear Road, , (E) i‐400 072 2) 28470652 /2) 28512885

ransfer syster of Shares innts being validre Transfer Cos are registere

erialization ouity Shares of eements withLimited (CDSLAs on 31st Mar

ution of Share

oduced metho

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n For Shareho

: Ju

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the company i

e: From Wedne

mpany are listee the shares o

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fer Agents fot Ltd. state,

/ 40430200

m: n Physical formd and completommittee called and return

f shares and your compan

h both existingL) enabling thrch 2011, 4, 3

eholding as o

ods and practi

Discussion aing statementssed or implie

olders:

une 15, 2011

1.00 A.M.

02, Cambay H

s from 1st Apr

esday 8th June

ed on Bombayf the company

ge: 509024

d CDSL: INE08

(as infrequent

or Demat and

m are registerte in all respeed as “Investoed within 15 d

liquidity ny are traded g Depositoriehe investors t0,300 Equity

on 31st March

ces for Human

and Analysis t within the md.

House, 3, Dhus

ril to 31st Marc

e, 2011 to Tues

y Stock Exchany are listed.

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tly traded)

Physical mo

red and dispacts. Transfer oor / Shareholdays from the

in compulsors, National Seto hold shareShares (17.21

h, 2011.

n Resource De

describing tmeaning of app

swadi, Dr. C.H.

ch.

sday 14th June

nges. The listin

de:

atched withinof shares are pders Grievancdate of receip

ry dematerialecurities Depos of the comp1 %) of the Com

evelopment.

the companyplicable laws a

Street Mumb

e, 2011 (both

ng fees for the

3 weeks fromprocessed by tce Committeept, if the releva

ization form bository Limitepany in electrmpany was he

y’s objectives,and regulation

bai –400 002.

days inclusive

e year 2010 ‐ 2

m the date ofthe Share Tra”, which meetant document

by all investoed (NSDL) andronic form threld in demater

, projections,ns. Actual res

e).

2011 have bee

f their receiptnsfer Agents ats at frequentts are complet

ors. The compd Central Deprough the deprialized form

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ts, subject to tand approvedt intervals. Shate in all respec

any has enterpository Servipository of th

and ffer

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the d by are ct.

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Up to 55001 ‐10001‐20001‐40001‐50001‐100001Total Categor

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• • • • •

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Address

302, Cam3, DhuswDr. C.H. SMumbai CompliaMr. ULLADirector Declara

None of of more

holding of no 31st March, 2

5000 ‐ 10000 ‐ 20000 ‐ 30000 ‐ 50000 ‐ 100000 1 and above

ry of shareho

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nding GDRS/A

s of Registere

mbay House, wadi, Street i –400 002.

ance Officer: ASHKUMAR JAYANr

ation:

the Director othan five com

minal value 2011

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tions up to 1 lakh) excess 1 lakh)

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NTILAL PARIKH

of the Companmmittees acros

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onvertible Ins

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GOLDEN

We haveyear endIndia.

The comproceduGoverna

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We furtheffective

Date: 1Place: L

mbers,

N LEGAND LEA

e examined thded 31st Marc

mpliance of coures and implance. It is neith

pinion and tons of Corpora

e that in respethe Companyolders/Investo

her state thateness with wh

12.05.2011 Ludhiana

ASING & FINA

he compliancech, 2011 as sti

onditions of Clementation thher an auditor

the best of ouate Governanc

ect of investory for a period or’s Grievance

t such complhich the manag

ANCE LIMITED

e of the conditipulated in cla

orporate Govhereof, adoptr an expressio

ur informatioe as stipulated

r grievances reexceeding onCommittee.

iance is neithgement has co

AUDIT

D.

tions of Corpoause 49 of the

vernance is thted by the Con of opinion o

n and explanad in the above

eceived duringne month as p

her an assuraonducted the a

TOR’S CERTIFIC

orate Governane listing agree

e responsibiliompany for enon the financia

ations given toe‐mentioned L

g the year endper records m

ance as to theaffairs of the C

CATE

nce by Goldenement of the s

ity of the mannsuring the cal statements

o us, we certifListing Agreem

ded 31st Marchmaintained by

e future viabiCompany.

n Legand Leassaid Company

nagement. Oucompliance ofof the compan

fy that the Coment.

h, 2011, no invy the Company

ility of the Co

sing & Financey with the Sto

r Examinationf the conditiony.

mpany has co

vestor grievany which are p

ompany nor t

Chart

Yes

e Limited for tock Exchanges

n was limitedons of Corpor

omplied with t

nces are pendpresented to t

the efficiency

Y.D. & tered Accounta

Partnshoodeep Bans

M.No. 5009

the s in

d to ate

the

ing the

or

Co. ant

ner ssal 927

AUDITOR'S REPORT To, The Members of GOLDEN LEGAND LEASING & FINANCE LTD. We have audited the attached Balance Sheet of GOLDEN LEAGEND LEASING & FINANCE LTD. as at 31st March, 2011 and also the Profit and Loss Account of the Company for the year ended on that date annexed thereto. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of any material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An Audit also includes assessing the accounting principals used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. 1. As required by the Companies ( Auditor's Report ) order, 2003 issued by the Central

Government of India in terms of sub-section (4A) of Section 227 of the Companies Act, 1956, we enclose in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the said Order.

2. Further to our comments in the Annexure referred to above, we report that :

(a) We have obtained all the information and explanations, which to the best of our acknowledge and belief were necessary for the purpose of our audit;

(b) In our opinion, proper books of accounts as required by law have been kept by the

Company so far as appears from our examination of those books of account; (c) The Balance Sheet and Profit and Loss Account dealt with by this report are in

agreement with the books of accounts; (d) In our opinion, the Balance Sheet and Profit and Loss Account dealt with by this report

comply with the accounting standards referred to in sub-section (3C) of Section 211 of the Companies Act, 1956;

(e) On the basis of the written representations received from the directors, as on 31st March,

2011 and taken on record by the Board of Directors, we report that none of the directors is disqualified as on 31 March, 2011 from being appointed as a director in terms of clause (g) of sub section (1) of section 274 of the Companies Act 1956;

(f) In our opinion and to the best of our information and according to the explanations

given to us, the said accounts read together with significant accounting policies and notes to accounts attached thereto give the information required by the Companies Act, 1956 in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:

(i) In the case of the Balance Sheet, the state of affairs of the Company as at 31st March, 2011; and

(ii) In case of the Profit & Loss Account, the Profit of the company for the year ended on that

date.

For Y. D. & CO. CHARTERED ACCOUNTS FRN No. 018846 N

Yeshudeep Bansal Place : Ludhiana Partner Dated : 12th May, 2011 M.No. 500927

SCHEDULE 31.03.2011 31.03.2010(In Rs.) (In Rs.)

I. SOURCES OF FUNDS :

A. SHAREHOLDER'S FUNDS a) Share Capital 1 25,000,000 5,000,000 b) Reserves & Surplus 2 27,110,576 5,205,091

B. LOAN FUNDSUnsecured Loan 3 57,000 -

TOTAL 52,167,576 10,205,091

II. APPLICATION OF FUNDS :

A. FIXED ASSETS - -

B. INVESTMENTS 4 50,526,350 8,530,150

C. CURRENT ASSETS, LOANS & ADVANCES

a) Cash & Bank Balances 5 841,951 824,739 b) Loans & Advances 6 841,829 942,574

1,683,779 1,767,312

Less : CURRENT LIABILITIES & PROVISIONS

a) Sundry Creditors 7 41,400 91,218 b) Provision For Taxation 1,153 1,153

42,553 92,371

NET CURRENT ASSETS 1,641,226 1,674,941

TOTAL 52,167,576 10,205,091

Notes to Accounts 9

For Y. D. & Co. For and on behalf of the Board of DirectorsChartered AccountantsFRN No. 018846 N

(Yeshudeep Bansal) DIRECTOR DIRECTORPartner M.No. 500927Place : Ludhiana Place : MumbaiDate : 12/05/2011 Date : 12/05/2011

GOLDEN LEGAND LEASING & FINANCE LIMITED

BALANCE SHEET AS AT 31ST MARCH, 2011

SCHEDULE 31.03.2011 31.03.2010(In Rs.) (In Rs.)

INCOME :

Other Income 0 -

TOTAL 0 -

EXPENDITURE :

Administrative expenses 8 87,315 64,757 Loss On Sale of Shares 7,200 -

TOTAL 94,515 64,757

Profit before taxation (94,515) (64,757) Provision for taxation 0 - Profit after taxation (94,515) (64,757)

Profit B/F from last year 2,127,010 2,191,767 Profit / (Loss) C/F to Balance Sheet 2,032,495 2,127,010

Notes to Accounts 9

For Y. D. & Co. For and on behalf of the Board of DirectorsChartered AccountantsFRN No. 018846 N

(Yeshudeep Bansal)Partner DIRECTORM.No. 500927

Place : Ludhiana Place : MumbaiDate : 12/05/2011 Date : 12/05/2011


PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED ENDED ON 31/03/2011

DIRECTOR

Particulars 31.03.2011 31.03.2010(In Rs.) (In Rs.)

SCHEDULE NO. 1

SHARE CAPITAL :

AUTHORISED CAPITAL 3,000,000 Equity Shares of Rs. 10/- each 30,000,000 10,000,000 Total : 30,000,000 10,000,000

ISSUED, SUBSCRIBED & PAIDUP CAPITAL

5,00,000 Equity Shares of Rs. 10/- each fully paidup 5,000,000 5,000,000 2000000 Conver. Warrant converted to equity 20,000,000 - Total : 25,000,000 5,000,000

SCHEDULE NO. 2RESERVES & SURPLUS

General reserve 78,081 78,081 Security Premium 25,000,000 3,000,000 Profit & Loss Accounts 2,032,495 2,127,010 Total : 27,110,576 5,205,091

SCHEDULE NO. 3UNSECURED LOAN

Unsecured Loan 57,000 - 57,000 -

SCHEDULE NO. 4

INVESTMENTS : ( AT COST )

a) Quoted Share27,19,000 (27,19,000) Amardeep Industries Ltd 5,030,150 5,030,150

b) Unquoted 20,000 (20,000) Neha Sheltors Pvt. Ltd 1,000,000 1,000,000 50,000 (50,000) Vikram Coils Pvt. Ltd. 2,500,000 2,500,000 117600 E.S. of Sai Flipped Coil Ltd 235,200 - 170000 E.S. of Jivrajka Ind.Ltd F.V. of Rs 10 each 17,000,000 - 20000 E.S of Nidhimulti Commodity Ltd F.V. of Rs 10 each 2,000,000 - 1250 E.Shares of Girish Metals P.Ltd 375,000 - 1830 E.S.of Shalibhadra Steel Pvt.Ltd 549,000 - 350 E.Shares of Shankeshwer Metas P.Ltd 105,000 - 28000 E Shares of Shanti Tradelink P.Ltd 8,400,000 - 1900 E.S. of Siddhi Vinayak Tradelink P.Ltd 570,000 - 15000 E.Shares of Sonika Granites Pvt.Ltd 4,500,000 - 17890 E.S. of Parvati Minerals P.Ltd 5,367,000 - 965 E.Shares of Pratik Minarls P.Ltd 2,895,000 - Total : 50,526,350 8,530,150

GOLDEN LEGAND LEASING & FINANCE LIMITED.

SCHEDULES FORMING PARTS OF BALANCE SHEET AND P & L A/C


SCHEDULE NO. 5

CASH & BANK BALANCES : ( As certify by the Director )

Cash in hand 27,203 14,986

Total : "A" 27,203 14,986 Balance with Scheduled Bank :

Bank of Maharashtra, Nagpur 799,417 799,483 Bank of India 5,061.00 0.00 The Vysya Bank Ltd., Nagpur 10,270 10,270

Total : "B" 814,748 809,753 Total : "A" + "B" 841,951 824,739

SCHEDULE NO. 6

LOANS & ADVANCES :

( Unsecured Considered good) Loan to Other Corporates 631,519 732,264 T.D.S & Advance Income Tax F.Y. 2006-2007 76,705 76,705 T D S & Advance Tax F.Y. 2005-2006 133,605 133,605

Total : 841,829 942,574

SCHEDULE NO. 7

CURRENT LIABILITIES & PROVISIONS :

A) Current Liabilities Sundry Creditors - - Other Liability 41,400 91,218

Total : "A" 41,400 91,218

B) Provisions : 1) For Taxation 1,153 1,153

Total : "B" 1,153 1,153

Total : "A" + "B" 42,553 92,371




SCHEDULE NO. 8

ADMINISTRATIVE EXPENSES :

Annual Custody Fees 13,236 7,812 Audit Remuneration 10,000 16,800 Bank Charges 506 1,259 Filing Fees 10,500 4,000 General Expenses 4,490 0 Legal & Professional Charges 5,000 6,500 Listing Fees 11,050 11,050 Postage & Telegram 1,890 1,440 Printing & Stationery 2,900 1,580 RTA Expenses 3,743 0 Salary, Wages & Bonus 24,000 13,500 Service Tax Receivable Writtern off 0 816

Total : 87,315 64,757



GOLDEN LEGAND LEASING & FINANCE LIMITED SCHEDULES ATTACHED TO AND FORMING PART OF THE ACCOUNTS

SCHEDULE ‘9’ NOTES ON ACCOUNTS 1. ACCOUNTING POLICIES:

The accounts are prepared on a historical cost convention and materially comply with the mandatory accounting standards issued by the Institute of Chartered Accountants of India. The significant accounting policies followed by the company are as stated below: -

i. Basis of accounting

The accounts have been prepared on the basis of historical cost and accrual basis.

ii. Investments Long term Investments are valued at cost of acquisition and related expenses.

iii. Inventories

The company does not have any Inventories.

iv. Income Recognition Interest Income on Non Performing Assets is accounted for as and when realized in view of

Guidelines issued by RBI in respect of Non Banking Finance Company.

v. IncomeTax

Tax expense comprises of current and deferred tax.

Current income tax is measured at the amount expected to be paid to the tax authorities in accordance with the Income Tax Act.

The company does not made provision for deferred Tax assets or liability

vi Earning Per Share

In accordance with the Accounting Standard 20 “ Earnings per Share ” issued by the Institute of Chartered Accountants of India , basic earnings per share is computed using the weighted average number of shares outstanding during the year.

vi. Provisions And Contingent Liabilities Provisions are recognized when the Company has a legal and constructive obligation as a result of past event, for which it is probable that a cash outflow will be required and a reliable estimate can be made of the amount of the obligation.

Contingent Liabilities are disclosed when the Company has a possible obligation or a present obligation and it is probable that a cash outflow will not be required to settle the obligation.

2. In the opinion of the Board, the Current Assets, Loans and Advances are not less than the value

stated, if realized in the ordinary course of business. The provisions for all known liabilities are adequate and not in excess of the amount reasonably necessary.

3. The Company does not deal in any specific segment therefore it is not possible to give any segment

wise information.

4. The company ‘s Loans & Advances to corporate bodies is of Rs.6,31,519/- and investment of Rs.5,05,26,350/- in other companies.

5. Related party Disclosures No related party transaction were carried out during the year. 6. In the opinion of the management the current assets, loans and advances have a value on

realization in ordinary course of business at least equal to the amounts at which they are stated in the Balance Sheet. Provisions have been made for all known liabilities, losses and claims.

7. Earnings per Share Current

Year Previous

Year

(a) Net profit /(Loss) after tax available for equity shareholders ( Rs./lacs)

-94515 -64757

(b) Equity Shares of Rs.10/- each outstanding (No. of Shares) 2500000 500000

(c ) Basic / Diluted Earning per Share (Rs.) (a / b) -0.04 -0.13

8 No provision for gratuity is made in absence of any liability as per the provision of Gratuity Act 1972.

9. Figures in brackets indicate figures relating to the previous year. 10. Previous year's figures have been regrouped /rearranged wherever necessary. 11. Other Clause of Part II of Schedule VI of the Companies Act, 1956 are either NIL OR NOT

APPLICABLE. Signature to Schedules ‘1’ to ‘9’ As per our report on even date For Y. D. & CO. For and on behalf of the Board CHARTERED ACCOUNTS FRN No. 018846 N Yeshudeep Bansal Partner Director Director M.No. 500927 Place : Ludhiana Place : Mumbai Dated : 12th May, 2011 Dated : 12th May, 2011

PARTICULARS 31-Mar-2011 31-Mar-2010A. CASH FLOW FROM OPERATING ACTIVITIESNET PROFIT & LOSS BEFORE TAX AND EXTRA ORDINARY ITEMS (94,515) (64,757) Adjustments For Depreciation - - Operating Profit Before Working Capital changes (94,515) (64,757) Adjustment For Trade & Other Receivables - - Inventories 0.00 0.00 Other Current Assets 100,745.00 816.00 Trade Payables & Provisions (49,818) 31,954 Cash Generated From Operations 50,927 32,770 Net Cash From Operating Activities (43,588) (31,987) Taxes Paid 0 0

(43,588) (31,987) B. Cash Flow From Investing ActivitiesPurchase Of Fixed Assets - - (Purchase)/Sale of Investments (41,996,200) - Net Cash Used In Investing Activities (41,996,200) -

C. Cash Flow From Financing ActivitiesTaken/Repayment of borrowings 57,000.00 - Proceeds From Issue of Shares with premium 42,000,000 - Net Cash Received From Financing Activities 42,057,000 - Net Increase in Cash And Cash Equivalents 17,212 (31,987) Opening Balances of Cash And Cash Equivalents 824,739 856,725 Closing Balances of Cash And Cash Equivalents 841,951 824,739 Notes :1. The Cash Flow Statement has been prepared under the "Indirect Method" as set out in the Accounting Standard 3 "Cash flow Statements" Issued by the ICAI.2. Previous Year's figures have been reclassified to confirm with current year's presentation, where applicable

This is the Cash Flow Statement referred to in our report of even date.For Y. D. & Co. For and on behalf of the BoardChartered AccountantsFRN No. 018846 N

(YESHUDEEP BANSAL) Directors Directors(PARTNER )

M. No. 500927Place: Ludhiana Place: Mumbai.Date : 12th May, 2011 Date : 12th May, 2011

For Y. D. & Co.Chartered AccountantsFRN No. 018846 N

(YESHUDEEP BANSAL)

Place : Ludhiana (PARTNER )

Date : 12th May, 2011 M. No. 500927

Cash Flow Statement Annexed to the Balance Sheet as at 31st March 2011

AUDITOR’S CERTIFICATE

We have verified the above cash flow statement of Golden Legand Leasing & Finance Limited derived from theaudited financial statement for the year ended on 31st March 2011 and found to be drawn in accordance therewith and also with the requirement of clause 32 of the Listing agreements with the stock exchange.


Balance Sheet Abstract and Company's General Business Profile :

I Registration Details :

Registration No. : '033818 State Code : 11Balance Sheet Date : 31st March, 2011

II Capital raised during the year : ( Amount in Rs. )

Public issues : Nil Right Issue : NilBonus issues : Nil Private Placement : Nil

III Position of mobilisation & deployment of Funds : ( Amount in Rs. )

Total Liabilities : 52,167,576 Total Assets : 52,167,576

Sources of Funds :

Paid up capital : 25,000,000 Reserves & Surplus : 27,110,576 Secured loans : Nil Unsecured Loans : 57000

Application of Funds :

Net Fixed Assets : Nil Investment : 50,526,350 Net Current Assets : 1,641,226 Misc. Expenditure : NilAccumulated Losses : Nil

IV Perfomance of Company : ( Amount in Rs. )

Turnover : Nil Pofit/(Loss) before tax : (94,515) Total Expenditure : 94,515 Pofit/(Loss) after tax : (94,515) Earnings per Shares : (0.04) Dividend rate : Nil

V Generic Names of three principal Products/Services of the Company : ( As per monetary terms )

Item Code No. : N.A. Production Description : N.A. ( I T C Code )

AS PER OUR REPORT OF EVEN DATE

FOR Y. D. & CO. FOR AND ON BEHALF OF THE BOARD OF DIRECTORS

FRN No. 018846 N

(Yeshudeep Bansal)

(PARTNER ) DIRECTOR DIRECTOR

M. No. 500927

PLACE : Ludhiana PLACE : MUMBAI

DATE : 12/05/2011 DATE : 12/05/2011

AS PER PART IV OF SCHEDULE VI TO THE COMPANIES ACT, 1956

CHARTERED ACCOUNTANTS


ANNEXTURE TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH, 2011

GOLDEN LEGEND AND FINANCE LIMITED 302, Camy House, 3, Dhuswadi, Dr C H Street , MUMBAI

(to be handed over at the entrance of the meeting hall) I Shri / Smt……………………………………………………….of ………………………… Being a member / proxy of GOLDEN LEGEND AND FINANCE LIMITED do hereby record my presence at the Annual General Meeting of the members of the company held on 15th June 2011 at 11.30 A.M. at the registered office of the Company at302, Camy House, 3, Dhuswadi, Dr C H Street , MUMBAI

FOLOI NO / CLIENT I.D. D.P. ID. D.P. NAME. NAME OF SHAREHOLDER NUMBER OF SHARE HELD

______________________ Member’s/ Proxy Signature (To be signed at the time of handing over this slip) NOTE: Please carry with you this attendance slip and hand over the same duly signed at the space provided, at the entrance of the Meeting Hall.

TEAR HERE

GOLDEN LEGEND AND FINANCE LIMITED 302, Camy House, 3, Dhuswadi, Dr C H Street , MUMBAI

FOLOI NO / CLIENT I.D. D.P. ID. D.P. NAME. NAME OF SHAREHOLDER NUMBER OF SHARE HELD

I Shri/Smt ……………………………………….being a member of GOLDEN LEGEND AND FINANCE LIMITED, holding …………Shares in the Company do hereby appointed Shri………………………… of ………………………………or falling him Shri………………………….. of ……………………………… to remain present at the Annual General Meeting of the members of the company held on 15th June, 2011 at 11.30 A.M. at the registered office of the Company at302, Camy House, 3, Dhuswadi, Dr C H Street , MUMBAI

Signed __________ day of _________ 2011. Signed by the said_____________________. NOTE: The proxy to be effective must be deposited at the registered office of the company not less than 48 hours before the commencement of the meeting. Proxy form duly stamped, signed and completed in all respect should be deposited 48 hours before the time fixed for the meeting at the registered office of the company.

ATTENDENCE SLIP

FORM OF PROXY

ATTENDENCE SLIP AffixRe. 1

Revenue Stamp

golden legand leasing · ust reach the oxies should b roxies attend ual report w of members o...

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