O P Chains Ltd. Director Report

Dear Members,



The Directors present The Annual Report together with the Audited

Accounts of the Company for the year ended 31st March 2013.



FINANCIAL RESULTS



The financial highlights of the company are as under :-



Particulars Note No







1. Revenue from operations M



II. other Income N



III. Total Revenue (I II)



IV. Eexpenses:



Cost of materials consumed



Purchase of Stock-in-Trade O



Changes in inventories of'' finished,goods,

work-in-progress and stock-in-Trade P



Employee benefit expense O



Financial costs R



Depredation and amortization expense F



Other expenses S



Total Expenses



V. Profit before exceptional and

extraordinary items and tax (III-IV)



VI. Exceptional Items



VII. Profit before extraordinary

items and tax (V - VI)



VIII. Extraordinary Items



IX. Profit before tax (VII - VIII)



X. Tax expense:



(11 current tax



(2) Deferred tax



XI. Profit(Loss)Trori the perid from

continuing operations (IX-X)



XII, Profit/(Loss) from discontinuing

operations



XIll. Tax expense of discounting operators



XIV. Profit/(Loss) from Discontinuing

operations (XII - XIII)



XV Proft/(Loss) for the period (XI XIV)



XVI. Earning per equity sharer









Particulars As at

31ST MARCH,2013

Rupees



1. Revenue from operations 2,395,603,360.38



II. other Income 206, 730.35



III. Total Revenue (I II) 2,355,10,111.33



IV. Eexpenses:



Cost of materials consumed



Purchase of Stock-in-Trade 2,383,242,916.55



Changes in inventories of'' finished,goods,

work-in-progress and stock-in-Trade 1,395,619.68



Employee benefit expense 4,249,900.00



Financial costs 3,322,001.38



Depredation and amortization expense 1,514,784.00



Other expenses 1,751,421.33



Total Expenses 2,300,476,642,92



V. Profit before exceptional and

extraordinary items and tax 333,460.41



VI. Exceptional Items -



VII. Profit before extraordinary 333,488.41

items and tax (V - VI)



VIII. Extraordinary Items -



IX. Profit before tax (VII - VIII) 333,468.41



X. Tax expense:



(11 current tax 245,930.00



(2) Deferred tax (10,320.00)



XI. Profit(Loss)Trori the perid from

continuing operations 97,858.41



XII, Profit/(Loss) from discontinuing -

operations



XIll. Tax expense of discounting operators -



XIV. Profit/(Loss) from Discontinuing

operations (XII - XIII) -



XV Proft/(Loss) for the period (XI XIV) 97,858.41



XVI. Earning per equity sharer 0.02







Particulars As at

31st March,2012

Rupees



1. Revenue from operations 5,92,1,821,380.72



II. other Income 2,276,651.65



III. Total Revenue (I II) 5,924,098,031 74



IV. Eexpenses:



Cost of materials consumed



Purchase of Stock-in-Trade 5,905,756,719.68



Changes in inventories of'' finished,goods,

work-in-progress and stock-in-Trade 4,767.413.23



Employee benefit expense 4,483.500.00



Financial costs 316,221.00



Depredation and amortization expense 1,293,093-00



Other expenses 1,043,534.91



Total Expenses 5,917,642,482,12



V. Profit before exceptional and

extraordinary items and tax 0,455,549.62



VI. Exceptional Items -



VII. Profit before extraordinary 6,455,549.62

items and tax (V - VI)



VIII. Extraordinary Items -



IX. Profit before tax (VII - VIII) 6,455,549.62



X. Tax expense:



(11 current tax 2,004,168.00



(2) Deferred tax (22,800.00)



XI. Profit(Loss)Trori the perid from

continuing operations 4,474,181.62



XII, Profit/(Loss) from discontinuing -

operations



XIll. Tax expense of discounting operators -



XIV. Profit/(Loss) from Discontinuing

operations (XII - XIII) -



XV Proft/(Loss) for the period (XI XIV) 4,474,181.62



XVI. Earning per equity sharer 0.69



DIVIDEND



Your company does not recommend any dividend



DEPOSITS



The company has not accepted any deposits under the purview of the

provisions of the Companies Act, 1956.



DIRECTORS



There is no change in the directorship of the company since last Annual

General Meeting. Shri Satish Kumar Goyal, director of the company

liable to retire by rotation shall be retired at the commencement of

the forth coming annual general meeting who has offered himself for re-

appointment.



AUDITORS



The retiring auditors M/s B P N & Company, B. Floor, Padamdeep Tower,

Sanjay Place Agra- 282002 required to be re-appointed as Auditors of

the company, to hold the office from the conclusion of this Annual

General Meeting until the conclusion of the next Annual General Meeting

of the company, at such remuneration as may be fixed by the Board of

Directors, from time to time and reimbursement of out-of-pocket

expenses incurred by them to carry out the audit



DIRECTORS'' RESPONSIBILITY STATEMENT



As required under Section 217(2AA) of the Companies Act 1956, your

Directors state that:



i) in the preparation of the Annual Accounts, the applicable Accounting

Standards have been followed and that no material departures have been

made from the same;



ii) they 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 financial year and of the profit and loss of

the Company for the period;



iii) they have taken proper and sufficient care for the maintenance of

adequate accounting records in accordance of the provisions of the

Companies Act, 1956 for safe guarding the assets of the Company and for

preventing and detecting fraud and other irregularities; and



iv) they have prepared the annual accounts on a going concern basis.



PARTICULARS OF EMPLOYEES



During the year under review, there were no employees covered under the

provisions of Section 217(2A) of the Companies Act, 1956 read with

Companies (Particulars of Employees) Rules, 1975.



APPRECIATION



Your Directors wish to express their appreciation of the valuable

services rendered by the management, staff and workmen of their

devotion and entering efforts for improving the operation of the

company. Your Directors express their sincere appreciation and thanks

to various departments, of Central Government, Financial Institutions,

Banks and investors for their continued valuable support, confidence

and assistance.



Place: Agra By Order Of The Board

Date. 02.09.2013 For O.P. Chains Limited



Chairman