Genomic Valley Biote Director Report

The Members,



The Directors have pleasure in presenting the 20th Annual Report

together with the Audited Accounts for the period ended 31st March,

2014.



Financial Results



The financial performance of the company, for the year ended March

31,2014 is summarised below:



2013-14 20112-13

Amont (Rs.) Amount (Rs.)



Profit Before Tax 52863.00 35861.75



Less: Current Tax 10073.04 6833.00



Deffered Tax 4205.52 16358.00



Profit for the year 38584.44 12670.75



Less: Appropriation 0.00 0.00



Closing Balance 38584.44 12670.75



Operations



During the year under review, there was some activity in the company at

the operational level & your directors are pleased to inform some

profits in the company. Your Company has further organized meetings of

eminent scientists of our country related with Human Genome, Plant

Genome, DNA Vaccine, Drug Discovery Services and other related

activities.



Financial hurdles and Legal actions



As reported in earlier Director''s Report, the present status of various

Financial hurdles and Legal actions are as follows:



The Civil suit with National Horticulture Board(NHB) who has illegally

withhold Rs.25 lacs FDRs and interest accrued thereon, is decreed

against the Company at Civil Court, Jr.Division, Bahadurgarh (Haryana).

The Company has filed an Appeal in District Court of Jhajjar, Haryana.

The Hon''ble distt. Court has dismissed the appeal. To insert "RSA"

(Regular Second Appeal) is being filled in Punjab & Haryana High-Court.



Future Prospects



This century is adjudged as the century of bio-technology, and your

company has the right vision, focus and has the qualified manpower to

convert their plans in to the reality in the ensuing years.



Listing Agreement



The Company''s securities are listed at the following 4 (four) Stock

Exchanges in India:



i) The Delhi Stock Exchange Association Limited (the Regional Stock

Exchange)



ii) Pune Stock Exchange Limited



iii) The Stock Exchange, Ahmedabad



iv) Jaipur Stock Exchange Limited



The Annual Listing fee for the Financial Year 2013-2014 is being paid

to The Delhi Stock Exchange (The Regional Stock Exchange). As there has

been no trading at all during the last several years in the Stock

Exchanges viz., Ahmedabad, Pune & Jaipur, thus as a part of cost

reduction measures the Company has already proposed to delist its

Equity Shares from all or any of these Stock Exchanges.



Share Transfer System & Dematerialization



The Company has an in-house share transfer system. The valid share

transfers complete in all respects are registered and returned within a

maximum period of one month from the date of receipt. In terms of

notification issued by SEBI, the Equity Shares of the Company are

already compulsorily under Demat trading for all investors from 31st

May, 2001 at CDSL and from 19th June, 2001 at NSDL. Shareholders who

are still holding their shares in physical mode are, therefore advised

to dematerialize their shareholding as soon as possible to avoid

inconvenience in trading. Both NSDL & CDSL have issued ISIN No. -

INE574D01010.



Directors'' Responsibility Statement



Pursuant to the requirement under Section 217 (2AA) of the Company Act,

1956, with respect to Directors'' Responsibility Statement, it is hereby

confirmed:



1. That in the preparation of the accounts for the Financial Year

2013-2014, the applicable Accounting Standards have been followed

alongwith proper explanation relating to material departures;



2. That the Directors have selected such Accounting Policies and

applied them consistently and made judgements 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 of the Company for that period.



3. That the Directors have taken proper and sufficient care for the

maintenance of adequate Accounting Records in accordance with the

provisions of the Companies Act, 1956 for safeguarding the assets of

your Company and for preventing and detecting fraud and other

irregularities; and



4. That the Directors have prepared the accounts for the Financial Year

2013-2014 on a ''going concern'' basis.



Corporate Governance



The Company is committed to maintain the highest standards of Corporate

Governance and adhere to the Corporate Governance requirements set out

by SEBI. The Company has also implemented several best Corporate

Governance practices as prevalent globally. The Report on Corporate

Governance as stipulated under Clause 49 of the Listing Agreement forms

part of the Annual Report. The requisite Certificate from the Auditors

of the Company confirming compliance with the conditions of Corporate

Governance as stipulated under the aforesaid Clause 49, is attached to

this Report.



Management''s Discussion and Analysis Report



Management''s Discussion and Analysis Report for the year under review,

as stipulated under Clause 49 of the Listing Agreement with the Stock

Exchanges in India, is presented in a separate section forming part of

the Annual Report.



Dividend



In view of company''s financial results the Director are unable to

recommend any dividend this year



Directors



In accordance with the Provisions of the Companies Act, 1956 (Companies

Act, 2013) and Articles of Association of the Companies, Smt. Parul

Agrawal, who retires by rotation and being eligible offers himself for

re-appointment.



Fixed Deposits



The Company has not accepted any deposit from the public under Section

58A of the Companies Act, 1956 and Rules framed thereunder.



Auditors Report



Auditors observations, as contained in the Auditors'' Report are self

explanatory and do not call for any clarification.



A notice in terms of Section 190 of the companies Act, 1956 (Section

190 of companies act 2013) has been received under section 225(1) from

Members proposing the appointment of M/s. A.K. KHATTAR & ASSOCIATES,

Chartered Accountants, as Auditors of the Company. They have given

their eligibility certificate in terms of section 224(1B) of the

companies Act, 1956.



Personnel



The Statement of particulars of employees as required by Section

217(2A) of the Companies Act, 1956 is not annexed as no employee has

drawn remuneration exceeding the limits prescribed under Section

217(2A) of the Companies Act, 1956 [134(6) of the Companies Act 2013].



Conservation of Energy, Technology Absorption, Foreign Exchange

Earnings and Outgo.



The Company''s present activities are either commercial in nature or

manufacturing with manual operations, therefore, do not require

Directors'' comment on conservation of energy and technology absorption.

Further, there was no foreign currency transaction during the year

review.



Transfer of amounts to Investor Education and Protection Fund



Pursuant to the provisions of Section 205A(5) and 205C of the Companies

Act, 1956, there is no such amount which remained unpaid or unclaimed

to be transferred by the Company to the Investor Education and

Protection Fund.



Appreciation



It is our strong belief that caring for our business constituents has &

will go a long way in the progress of the Company and your Directors

acknowledge the overwhelming co-operation and assistance received from

its Bankers and Government Authorities.



The Directors thanks the Customers, Vendors and Investors for their

continued support to your Company''s growth.



The Directors record their appreciates to all employees for their

efforts towards achieving their performance.



For and on behalf of the Board of Directors



PLACE : NEW DELHI (T.N. AGRAWAL)

DATED : 18th April, 2014 Chairman