The Directors have pleasure in presenting before you the 20TH Annual Report of the Company together with the Audited Statement of Accounts for the year ended 31st March,2014.

FINANCIAL RESULTS                                (Amt . In Rupees. )
                                         2013-14            2012-13

Income                                   1318662           1381800

Expenses                                 1310323           1360442

Profit (Loss) before Tax                    8339             21358

Less : Provision for taxation                NIL              7500

Profit (Loss) after Tax                     8339             13858

During the year 2013-14, your company has actively analyzed various opportunities keeping in view its present strength and future scenario of the Entertainment and media industry. To hedge against the growing competition in film industry your company is planning to set up film processing business. Digital post production of films has become an important area in film processing.

Detailed discussions of the Company's business activities have been carried in a separate section under the title "Management Discussion and Analysis".

DIVIDEND

Year directors do not declare any dividend for 2013-14.

DIRECTORS

PRAHLAD PANCHAL retires by rotation and being eligible, offers himself for re- appointment.MANISHA D BHATT resigned and in his place Smt. Manisha D Bhatt was appointed as an additional director of the company.

As per the provisions of Co.Act,2013, Jitendra B Patel was appointed as an Ind. Director for 5 years.

DIRECTORS' RESPONSIBILITY STATEMENT

In terms of provisions of section 217 (2AA) of the Companies Act, 1956, the Directors confirm :

(a) that in the preparation of annual accounts, the applicable accounting standards have been followed and that no material departure have been made for the same.

(b) they have been selected such accounting policies and applied consistently and made judgments and estimates made that are responsible and prudent so as to give true and fair view of the state of affairs of the Company at the end of the financial year ended March 31, 2014 and of the Loss of the Company for that year.

(c) that they have taken proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provision of the Companies Act, 1956, for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities:

(d) that they have prepared the annual accounts on a going concern basis.

CORPORATE GOVERNANCE

Pursuant to Clause 49 of the Listing Agreement with the Stock Exchanges, a separate section titled corporate governance has been included in this report. The auditor's certificate on compliance of clause 49 of the Listing Agreement by the Company is annexed to this report.

PARTICULARS OF EMPLOYEES

The Company does not have any employee whose particulars are required to be given pursuant to the provisions of section 217 (2A) of the Companies Act, 1956 read with the companies (Particulars of Employees) Rules, 1975.

CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION

The company is not engaged in manufacturing activities and as such, particulars relating to conservation of energy and technology absorption are not applicable. However adequate measures are being taken to conserve energy as far as possible.

FOREIGN EXCHANGE EARNINGS AND OUTGO

The particulars on foreign exchange earnings and outgo have not been provided as the same is not applicable to the company.

FIXED DEPOSITS

The Company has not accepted any fixed deposits and as such no amount of principal or interest was outstanding as of the balance sheet date.

AUDITORS

Mehul & Associates, Chartered Accountants, Statutory Auditors of the Company retire at the ensuing Annual General Meeting and they have shown their unwillingness to continue to be the auditors of the company hence the company approached new auditors and after receipt of consent from them, the Board of Directors have appointed M/s Harshit Shah & Associates, Chartered Accountants, Vadodara as statutory auditors of the company for the audit of F.Y. 2014-2015 subject to the consent of the shareholders in AGM.

AUDITORS' REPORT

The Notes to the accounts referred to the Auditor's report are self-explanatory and therefore do not calls for any further comment.

ACKNOWLEDGEME NTS

Your Directors wish to place on record their deep appreciation for the services rendered by the officers, staff and workers at all level, and their dedication and loyalty.

                              By Order of the Board of Directors 
                              For FAST TRACK ENTERTAINMENT LIMITED

                                                  SD/- 
PLACE : VADODARA                           MANISHA D BHATT 
DATE : 01/09/2014                              Chairman