The Directors have pleasure in presenting the 28th Annual Report of your Company together with the audited financial results for the year ended on 31st March, 2014.

Financial Results

                                                        (Amount in Rs.)

Particulars                     For the year ended   For the year ended
                                  31st March, 2014       31stMarch 2013

Total Income                             39,82,325           11,022,347

Profit before Depreciation & Tax         26,45,803           10,287,106

less: Depreciation                         185,839              213,810

profit /(Loss) Before Tax                24,59,964           10,073,296

Less: Provision for Tax                   7,27,602            2,216,627

Less : Increasing (Decreasing) in
DeferrednTax Liablities                         _              (10,011)

let Profit / (Loss) After Tax             17,32,362           7,866,679

Performanre

During the year the total income is Rs. 39,82,325/-as against Rs. 11,022,347/- of the previous year. Barring unforeseen contingencies, the performance of the Company in the year 2013-14 is expected to be satisfactory.

Dividend

In order to conserve resources for the development of business of the Company, the Board of Directors regrets their inability to recommend dividend for the year 2013-14.

Directors

Mr. Subodh Agrawal retires by rotation at the ensuing Annual General Meeting and is being eligible for reappointment.

Fixed Deposits

The Company has not accepted deposits from the public during the period under review.

Auditors

M/s Joy Dalia & Co., Chartered Accountants, Mumbai, hold office as statutory auditors of the Company until the conclusion of the ensuing Annual General Meeting. It is proposed to reappoint them as Statutory Auditors of the Company from the conclusion of the ensuing Annual General Meeting until the conclusion of the next Annual General Meeting pursuant to the provisions of Section 224 (1B) of the Companies Act, 1956. Your Company has received a certificate from M/s Joy Dalia & Co., Chartered Accountants confirming their eligibility for reappointment.

Particulars of Employed

During the year under report, the Company had not employed any employee whose particulars are required to be disclosed in this report pursuant to section 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules, 1975.

Canservation of Energy. Technology absorption. ForeiPn Exchange Earning & Outgo

During the year under review, the Company had not carried out any activity, the particulars in respect of which are required to be disclosed in this report pursuant to section 217(1)(e) of the Companies Act, 1956 read with Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988.

Compliance Certificate

As required under Section 383(A)(1) of the Companies Act, 1956, Compliance Certificate from Secretary in Whole-time practice is attached herewith.

Directors' Responsibility Statement

The Directors confirm that:

I. In the preparation of the annual accounts, the applicable accounting standards have been followed.

II. Appropriate accounting polices have been selected and applied 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 period ended on that date.

III. Proper and sufficient care have been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

IV. The annual accounts have been prepared on a going concern basis.

                           For and on behalf of the Board of Directors
                                              PUNCTUAL TRADING LIMITED

                                      Subodh Agrawal     Manoj Dadhich
                                        Din:01993001      Din:00374923
Place : Mumbai
Date  : 28.05.2014