The Directors have pleasure in presenting their 34th Annual Report on the business and operations of the Company together with the audited financial statements for the financial year ended March 31st, 2015.

1. Financial Performance of the Company

                                                         (Amount in Rs.)

                                                     STANDALONE

Particulars                                      2014-15      2013-14

Profit/(Loss) Before Tax & Provision            1,42,412        2,521

Less: Provision For Tax                         1,37,358          779

Profit/(Loss) After Tax Available for              5,054        1,742

Add: Profit/(Loss) Brought Forward (4,58,122) (4,59,864)

From Previous Year

Transfer To General Reserve                          -            -

Proposed Dividend                                    -            -

Tax on Proposed Dividend                             -            -

Profit/(Loss) Carried Forward                 (4,53,068)     (4,58,122)

Basic/ Diluted Earnings Per Share                  0.01         0.01

                                                    CONSOLIDATED

Particulars                                    2014-15        2013-14

Profit/(Loss) Before Tax & Provision          1,39,331         (1,071)

Less: Provision For Tax                       1,37,358            779

Profit/(Loss) After Tax Available for            1,973         (1,850)

Add: Profit/(Loss) Brought Forward (5,22,539) (5,20,689)

From Previous Year

Transfer To General Reserve                       -               -

Proposed Dividend                                 -               -

Tax on Proposed Dividend                          -               -

Profit/(Loss) Carried Forward                 (5,20,566)      (5,22,539)

Basic/ Diluted Earnings Per Share                0.00          (0.01)

Your Directors have not recommended any dividend for the financial year 2014-15 in view of re- investment of the surplus in order to maintain a healthy capital adequacy ratio to support long term growth of your company.

3. Transfer Of Unclaimed Dividend To Investor Education And Protection Fund

The provisions of Section 125(5) of the Companies Act, 2013 do not apply on the company as no dividend has been declared during the year.

4. Reserves

Your Directors have not proposed to transfer the accumulated profit to Reserves during the year.

5. Brief description of the Company's working during the year/State of Company's affair

The Company's Primary business is trading in Sarees having a wide variety of fabrics and designs. The company has resumed its operation this financial year (2014-15) with revenue of Rs. 135.97 Lakhs (Approx.), expenditure Rs 134.55 Lakhs (Approx.) and profit before tax amounted to Rs. 142,412 (Approx.)

Consolidated revenue amounted to Rs. 136.31 Lakhs (Approx.), expenditure Rs 134.91 Lakhs (Approx.) and profit before tax amounted to Rs. 139,331 (Approx.)

6. Change in the nature of business, if any

The Company has not changed its nature of business during the year.

7. Post Balance Sheet Events

No material changes have been occurred between the end of the financial year of the company to which the financial statements relate and the date of the report.

8. Details in respect of adequacy of internal financial controls with reference to the Financial Statements.

The directors, have laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively.

9. Details of Subsidiary/Joint Ventures/Associate Companies

The Statement in Form AOC-I containing the salient feature of the financial statement of your Company's subsidiaries, associates and joint venture companies pursuant to first proviso to Section 129(3) of the Companies Act, 2013 (Act) read with Rule 5 of the Companies (Accounts) Rules, 2014, forms part of the Annual Report. Further, in line with Section 129(3) of the Act read with the aforesaid Rules, the Listing Agreement with the Stock Exchanges and in accordance with the Accounting Standard 21 (AS-21), Consolidated Financial Statements prepared by your Company include financial information of its subsidiary companies.

The company has the four subsidiary companies:

i) Debdaru Dealmark Pvt Ltd

ii) Deecshikha Vanijya Pvt Ltd

iii) Hora Commotrade Pvt Ltd

iv) Kshmaya General Traders Pvt Ltd

10. Deposits

The company has neither accepted nor renewed any deposits during the year, covered under Chapter V of the Act.

11. Statutory Auditors

M/s JSA & Associates, Chartered Accountants, have been re-appointed as Statutory Auditors of the company till the conclusion of the Annual General Meeting of the company to be held in the year 2017 (subject to ratification of their re- appointment at every AGM) and the Directors of the Company shall fix the remuneration from time to time in consultation with the Audit Committee.

12. Auditors' Report

The observations made by the Auditors are self- explanatory and do not require any further clarification. Further, the explanations or comments by the Board on every qualification, reservation or adverse remark or disclaimer made by the auditor in his report are annexed.

13. Share Capital

Issue of equity shares with differential rights: Your Company has not issued any of its securities with differential rights during the year under review.

Buy Back of Securities: The company has not bought back any of its securities during the year under review.

Sweat Equity, Bonus Shares & Employee Stock Option Plan: The Company has neither issued sweat equity or bonus shares nor has provided any stock option scheme to the employees.

Preferential Issue of Capital: Your Company has issued 3,000,000 equity shares of Rs 10/- each on preferential basis to Non- Promoters during the year and as on date the entire capital is listed with Calcutta Stock Exchange.

14. Extract of the Annual Return

The extract of the Annual Return pursuant to the provisions of section 92 read with Rule 12 of the Companies (Rules), 2014 is furnished in Annexure A (MGT - 9) and is attached to this Report

15. Conservation of energy, Technology absorption and Foreign exchange earnings and Outgo

The provisions of section 134(m) of the Companies Act 2013 regarding the disclosure of particulars of conservation of energy and technology absorption prescribed by the rules are not applicable to our company. The company does not have any Foreign Exchange transactions during the financial year.

16. Corporate Social Responsibility (CSR)

As the company does not have net worth of rupees five hundred crore or more, or turnover of rupees one thousand crore or more or a net profit of rupees five crore or more during any financial year, the disclosures as per Rule 9 of Companies (Corporate Social Responsibility Policy) Rules, 2014 is not applicable.

17. Directors:

A) Changes in Directors and Key Managerial Personnel: Pursuant to the Resolution of the Board of Directors passed at its meeting,

Date              Name                       Designation

04/08/2014        SONAM                      Independent
                  SHARMA                     Director

29/08/2014        YASH SARAOGI               Independent
                                             Director

29/08/2014        VIJAY KUMAR                Managing
                  SHARMA                     Director

24/12/2014        SWETA                      Company
                  AGARWAL                    Secretary

Date                             Purpose

04/08/2014            Appointed as an Additional Director and
                      regularized at the previous AGM.

29/08/2014            Reappointed as Independent Director for a
                      further period of five years.

29/08/2014            Appointed as Managing Director of the
                      Company for a term of 5 years.

Mr. CHETAN SHARMA, Director of the Company will also be appointed as Chief Financial Officer W.e.f. 28.05.2015.

B) Declaration by an Independent Director(s) and re- appointment

Mr. YASH SARAOGI & Mrs. SONAM SHARMA, Independent Directors of the Company have confirmed that they fulfilled all the conditions of the Independent Directorship as laid down in sub-section (6) of Section 149 of the Companies Act, 2013 and the rules made there under and the same have been noted by the Board.

C) Formal Annual Evaluation

In compliance with the Schedule IV of the Companies Act 2013, a meeting of the Independent Directors of the company was held to review and evaluate the performance of the Non- Independent Directors and the chairman of the company taking into account the views of the Executive Directors and Non- Executive Directors, assessing the quality, quantity and timeliness of flow of information between the company management and the Board and also to review the overall performance of the Board. The meeting of the company was held on 3rd February, 2015, wherein the performance of the Board as a whole was evaluated.

18. Number of meetings of the Board of Directors

Six Meetings of the Board of Directors were held during the financial year 2014-15. These were held on the following dates:

i) 28/05/2014, ii) 04/08/2014, iii) 05/11/2014, iv) 30/01/2015, v) 03/02/2015 & vi) 26/03/2015

19. Audit Committee

Composition of the Audit committee is in accordance with the requirements of section 177 of the Companies Act 2013 which is stated below:

Name                          Designation

YASH SARAOGI                    Chairman

SONAM SHARMA                    Member

CHETAN SHARMA                   Member

The company is not subject to any legal proceedings and claims which will have a material or adverse effect on the going concern status or company's operations or financial conditions.

21. Sexual Harassment Of Women At Work Place

The Company has in place a policy in line with the requirements of The Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013. Internal Complaints Committee (ICC) has been set up to redress complaints received regarding sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered under this Policy. There were nil complaints received during the year under review.

22. Details of establishment of vigil mechanism for directors and employees

Pursuant to sub-section (9) & (10) of section 177 of the Companies Act, 2013, read with rule 7 of the Companies (Meetings of Board and its Powers) Rules, 2014, the Company has established a Whistle Blower Policy (Vigil mechanism) for Directors and Employees of the Company to report their genuine concerns or grievances. The policy was approved by the Board of Directors of the Company at its meeting held on 4th August, 2014 and the Audit Committee was empowered by the Board of Directors to monitor the same and to report to the Board about the complaints in an unbiased manner.

23. Nomination and Remuneration Committee

Composition of the Nomination & Remuneration Committee is in accordance with the requirements of section 178(1) of the Companies Act 2013. The composition is as under:

Name                              Designation

SONAM SHARMA                      Chairman

YASH SARAOGI                       Member

VIJAY KUMAR SHARMA                 Member

There are no Loans, guarantees or Investments as per section 186 of the Companies Act, 2013.

25. Particulars Of Contracts Or Arrangements With Related Parties:

Your company has no material individual transactions with its related parties which are covered under section 188 of the Companies Act, 2013, which are not in the ordinary course of business and not undertaken on an arm's length basis during the financial year 2014-15.

26. Managerial Remuneration:

The Company earned minimal profit during the year so the Company has not provided any Managerial Remuneration to the Directors.

27. Secretarial Audit Report

The Secretarial Audit Report has been given by Anand Kumar Khandelia, Company Secretary and there is no qualification, reservation or adverse remark or disclaimer made by the company secretary in the secretarial audit report.

28. Corporate Governance Certificate & Management Discussion and Analysis Report

The Corporate Governance certificate from the auditors regarding compliance of conditions of corporate governance as stipulated in Clause 49 of the Listing agreement and the Management Discussion and Analysis Report has been annexed with the report.

29. Risk management policy

The company does not have any Risk Management Policy as the elements of risk threatening the Company's existence are very minimal.

30. Familiarization Programme for Independent Directors

In terms of Clause 49(II)(B)(7) of the Listing Agreement, your Company is required to conduct the Familiarization Programme for Independent Directors (IDs) to familiarise them about their roles, rights, responsibilities in your Company, nature of the industry in which your Company operates, business model of your Company, etc., through various initiatives. The details of such familiarization programmes are available on your Company's website www.sctfl.org and a link to the said programmes has been provided elsewhere in this Annual Report.

31. STAKEHOLDERS RELATIONSHIP COMMITTEE.

The composition of the Stakeholders Relationship Committee under Section 178 of the Companies Act' 2013 is hereunder:

Name                              Designation

SONAM SHARMA                       Chairman

YASH SARAOGI                        Member

VIJAY KUMAR SHARMA                  Member

Pursuant to Section 134(5) of the Companies Act, 2013, your Directors confirm 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) The directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of the company for that period;

(c) The directors have 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) The directors have prepared the annual accounts on a going concern basis;

(e) The directors, have laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively, and

(f The directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

32. Acknowledgements

Your Directors would like to express their appreciation of the co-operation and assistance received from the shareholders, bankers and other business constituents during the year under review

                           For and on behalf of the Board of Directors

                    VIJAY KUMAR SHARMA               CHETAN SHARMA
                    (Managing Director)             (Director & CFO)
                    DIN 06614466                     DIN 06614477