AMANI TRADING AND EXPORTS LIMITED

REGD. oFFlcE : 32, MILANPARK SoctETY, NR. JAWAHAR CIIOWK MANINAGAR, AHMEDABAD - 380 oo8. CIN : LSll00GJl984PLC020026 E-MAIL : [email protected] TELEPHONE: 079-2tr62907 WEB{ilTE : www.amanitrading.in

Date: 03.09.2020

To,

The BSE Ltd

Corporate Relationship Department, ²Sth floor, P. J. Towers, Dalal Street, Fort, Mumbai - 400 001. SCRIP C0DE: 512008

To,

Ahmedabad Stock Exchange Limited Kamdhenu Complex, 0pp. Sahajanand College Paniarapole, Ahmedabad - 380 015 SCRIP CODE: 03320

Dear Sir/ Madam,

Sub: Submission of 36s Annual Report of the Company under Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This is to inform you that the 36s Annual General Meeting of the Company to be held on Wednesday, 30s September, 2020 at 1.2.30 p.m. at H.R. Hall, Texcellence Complex, Khokhara, Ahmedabad-38002 1.

Pursuant to Regulation 34 of the SEBI flisting Obligations and Disclosure Requirements) Regulations, 2015, we are submitting/uploading the 36rh Annual Report ofthe Company for the Financial Year 2019-20 and the same is also available on the website of the Company at www.amanitrading.in.

Kindly take the same on your record

Thanking you.

Yours faithfully,

For, Amani Trading And Expo td.

Nllll's^s,.A-- Navinchandra Bhavsar Chief Financial Officer

Encl: As above

AMANI TRADING AND EXPORTS LIMITED (CIN: L51100GJ1984PLC020026)

$36^TH$ ANNUAL REPORT F.Y 2019-20

CORPORATE INFORMATION

BOARD OF DIRECTORS

Mr. Keyur J. Parikh - Chairman & lndependent Director
Mr. Anish A. Shah - Managing Director
Ms. Aashini A. Shah -Non-executive Director
Mr. Jainik G. Shah -lndependent Director

CHIEF FINANCIAL OFFICER

Mr. Navinchandra Bhavsa r

COMPANY SECRETARY

Mr. Sohitkumar Mehta

REGISTERED OFFICE

32, Milan Park Society, Nr. Jawahar Chowk, Maninagar, Ahmedabad - 380 008

REGISTRAR AND SHARE TRANSFER AGENT

Link lntime lndia Private Limited Centre-1 (ABC-1), Beside Gala Business Centre, 5th Floor, 506-508, Amarnath Business, Off C G Road, Navrangpura, Ahmedabad - 380 009, Gujarat. STATUTORY AUDITORS M/s Mukesh M. Shah & Co. Chartered Accou ntants

Ahmedabad

BANKERS

Kotak Mahindra Ban k Limited

Bank of lndia

SHARES TISTED ON STOCK EXCHANGES

BSE Ltd. Ahmedabad Stock Exchange

NOTICE

Notice is hereby given that the 36th Annual General MeetinS ("AGM") of the Amani Trading and Exports Limited will be held on Wednesday, 3gth September, 2O2O al 12:30 P.M. at H.R. Hall, Texcellence complex, Khokhara, Ahmedabad-380021, to transact the following businesses:-

ORDINARY BUSINESS:.

1, To receive, consider and adopt the Audited Financial statements of the company for the financial year ended 31't March, 2020 and the Reports of the Board of Directors and the Auditors thereon.
1. To appoint Mrs. Aashini A. Shah Non lndependent & Non Executive Director (DlN: 06935369), who retires by rotation and being eligible, offers herself for re-appointment.

SPECIAt BUSINESST

To re-appoint Mr. Anish A. Shah (DlN:00156517) as a Managing Director.

To consider and if thought fit, to pass, with or without modification(s), the following Resolution as an Ordinary Resolution:

'RESOLVED THAT pursuant to provisions of section 196, 203 and other applicable provisions, if any, read with Schedule V of the Companies Act, 2013 ('the Act") and The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and Articles of Association of the company and subject to such approvals and permissions, as may be required, consent of the company be and is hereby accorded for re-appointment of Mr. Anish A. Shah (DlN : 00156517) as Managing Director of the companyw.e.f. 1't June, 2020 without payment of any remuneration for a period of 5 (Five) years.

RESOwED FURTHER THAT terms and conditions of re-appointment and Remuneration set out hereu nder:

L The Managing Director shall not be paid any remuneration during the tenure of his appointment.
It. The Managing Director shall not be paid any sitting fees for attending the meetings of the Board of Directors or committee thereof during the tenure of his appointment.
l. The headquarter of the Managing Director shall be Ahmedabad in the State of Gujarat.
lV. Subject to the provisions of the Act, the Managing Director shall be liable to retire by rotation.
v. The Managing Director shall not during the continuance of his employment or at any time thereafter divulge or disclose to any person whomsoever or make any use whatever for his own or for whatever purpose, of any confidential information or knowledge obtained by him during his employment as to the business or affairs of the company or as to any trade secrets or secret processes of the company and the Managing Director shall during the continuance of his employment hereunder also use his best endeavors to prevent any other person from doing so.
Vl. Subject to the superintendence, control and direction of the Board as it may from time to time determine, the Managing Director shall have to look after the entire day to day business affairs ofthe Company and have substantial powers ofthe management ofthe Company and perform all other acts and things which in the ordinary course of business he may consider necessary or proper or in the interest of the Company and exercise all

such powers as may be assigned, granted and entrusted to him from time to time for the proper performance, discharge and execution of his duties and responsibilities.

RESOTVED FURTHER THAT any one of the directors or company secretary of the company' be and i, i"*nv authorised on behali of the company to flle necessary forms and also to do all such acts, J""dr, rnrtt"r..nd things, as in his absolute discretion, they may consider necessary' expedient or desirable, in order to give effect to the foregoing resolution'"

Date: 29th June, 2020 Place: Ahmedabad

By order of the Board of Directors For Amani..Tradlng and.Exports limit€d '

At'""' Sohltkumar Mehta ComPanY Secretary

Regd. Offlce: 32, Mllan Park SocietY,

Nr. Jawahar Chowk, Maninagar, Ahmedabad - 380 008

NOTES:

I.AMEMBERENTITLEDToATTENDANDVoTEISENTITLEDToAPPoINTAPRoxYToATTEND ANDVoTEoNHIs/HERBEHALFANDTHEPRoXYNEEDNoTBEAMEMBERoFTHECoMPANY. ^Aperson can act as a proxy on behalf of not more than fifty (50) members and holding in aggregate not more than 10% of the total share capital of the comPany' Members holding ,ir"it "n 10% of the total share capital of the Company may aPPoint a single person as proxy' who shall not act as a prory for any other member, The instrument of proxy, in order to be effective, should be deposlted at the registered office of the company, duly completed and signea, not later than 48 hours before the commencement of the meeting' I plgl-y tqg-S annexed to this report'
2'corPorateMembersintendingtosendtheirauthorizedrepresentativestoattendtheAnnual General Meeting, pursuant to-section 113 of the Companies Act' 2013' are requested to send totheCompany,acertlfiedcopyoftherelevantBoardResolutiontogetherwlththerespective specimen signatur.s of thos" ,"pre'entative(s) authorized under the said resolution to attend and vote on their behalf at the meeting.
3.TheExplanatofystatementpursuanttosectionl02ofthecompaniesAct,2Ol3,lnrespectof the businesses under ltem No. 3 and 4 of the accompanying notice is annexed hereto' The relevant details of the persons seeking appointment/re-appointment as Director are also anhexed to this Notice.
4.AlldocumentsreferredtointhcaccompanyingNot|ceandtheExplanatorystatementshallbe openforinspectionattheRegisteredofficeoftheCompanyduringnormalbusinesshours (11,00 am to 12.00 noon) on aliworking days except Saturdays' up to and including the date of the Annual General Meeting (AGM) of the Company'
1. The Register of Members and Share Transfer Books of the Company will remain closed from ff'rrrrJrv, i+* September, 2o2o to Wednesday, 30'h September' 2020 (both days incluslve)
1. All lnvestor related complaints or queries be addressed to [email protected] or at the registered office address ofthe Company,
1. Members holding shares in physical form are requested to intimate any change of address and / or bank mandate to Link lntime lndia Pvt, Ltd or secretarial Department of the company

immediately. ln case shares held in dematerialized form, the information regarding change of address and bank particulars should be given to their respective Depository Participant.

1. Electronic copy of the Annual Report for the year 2O19-2O is being sent to all the members whose email lDs are registered with the company/depository participant(s) for communication purpose unless any member has requested for hard copy of the same. For members who have not registered their email address, physical copies of the Annual Report for the year 2019-20 is bein8 sent in the permitted mode.
1. Process and manner for voting through Electronic means -
i. ln compliance with provisions of Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules,2014 and Regulation a(1) & (2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company is pleased to offer the facility of voting through electronic means and the business set out in the Notice above may be transacted through such electronic voting. The facility of voting through electronic means is provided through the e-voting platform of Central Depository Services (lndia) Limited ("remote e-voting").
ii. The remote e-voting will commence on Sunday, 27th September, 2O2O at 9.OO a'm. and will end on Tuesday, 29th September,2O2O at 5.00 p.m. During this period, the Members of the Company, holding shares either in physical form or in dematerialized form, as on the cut-off date (record date) i.e. Wednesday, 23'd September, 2020, may cast their vote electronically. The e-voting module shall be disabled by CDSL for voting thereafter. Once the vote on the resolution is cast by the Member, he/she shall not be allowed to change it subsequently or cast vote a8ain,
iii. The facility for voting through Poll Paper would be made available at the AGM and the members attending the meeting who have not already cast their votes by remote e-voting shall be able to exercise their right at the meeting through Poll Paper. The members who have already cast their vote by remote e-voting prior to the meeting, may also attend the meeting, but shall not be entitled to cast their vote again.
iv. Members whose names.are recorded in the Register of Members or in the Register of Beneficial Owners maintained by the Depositories as on the Cut-off date i.e. Wednesday, 23'd September, 2020, shall be entitled to avail the facility of remote e-voting as well as voting at the AGM. Any recipient of the Notice, who has no votinS rights as on the cut-off date, shall treat this Notice as intimation only.
v. A person who has acquired the shares and has become a member ofthe Company after the dispatch of the Notice of the AGM and prior to the Cut-off date i.e. Wednesday, 23'd September, 2020, shall be entitled to exercise his/her vote either electronically i.e. remote e-voting or through the Poll Paper at the AGM by following the procedure mentioned in this part.
vi. The voting rights of the shareholders shall be in proportion to their shares of the paid-up equity share capital ofthe Company as on the cut-off date i.e. Wednesday, 23'd September, 2020.
vii. M/s. A. Shah & Aisociates, Practising Company Secretaries (C. P' No. 6560) has been appointed as the scrutinizer for conducting remote e-voting process in a fair and transparent manner and also voting by Poll Paper at the AGM

viii. The procedure and instructions for remote e-voting are as under:-

Process - Shareholders holding shares in Demat Form and Ph ical Form Remote E-Votin

Step 1	Open your web browser during the voting period and log on to the e-voting website: www. evotinsindia.com
Step 2	Click on "shareholders" to cast your vote(s).

	Amani Trading and Exports Limited Annual rt2019-20
Step 3	Please enter your USER lD - For account holders in CDSL: Your 16 digits beneficiary lD. For account holders in NSDL: Your 8 characters DP lD and followed by 8 digits Client lD. o Members holding shares in physical form should enter folio number registered with the company. OR Alternatively, if you are registered for CDSL's EASI/EASIEST e-services, you can log-in at https://www.cdslindia.com from Login - Myeasi using your login credentials. Once you successfully log-in to CDSL's EASI/EASIEST e-services, click on e-Voting option and proceed directly to cast your vote electronically.
Step 4	Please enter the lmage verification as displayed and Click on Login. lf you are holding shares in demat form and had logged on to www.evotingindia.com and voted on an earlier voting of any company, then your existing password is to be used.
Step 5	lf you are a first time user follow the steps given below:
PAN	. Enter your 10 digit alpha-numeric PAN issued by lncome Tax Department (Applicable for both demat shareholders as well as physical shareholders). o Members who have not updated their PAN with the company/depository participant are requested to use the sequence number which is printed on Attendance Slip/Address Slip, in the PAN field . ln case the sequence number is less than 8 digits enter the applicable number of 0's before the number after the first two characters of the name in CAPITAL letters. Eg. lf your name is Ramesh Kumar with sequence number l then enter RA00000001 in the PAN field.
Date of Birth (DoB)	DOB- Enter the Date of Birth as recorded in your demat account or in the Company records for the Said demat account or folio in ddlmmlVVW format.
Or Dividend Bank Details	Dividend Bank Details- Enter the dividend bank details as recorded in your demat accouht or the Company records for the said demat account or folio. Please enter the DoB or Dividend bank details in order to login. lf DOB or Bank details are not recorded with the depository or Company please enter the Member lD / Folio No. in the Dividend bank details field as mentioned in step 3.
Step 6	After entering these details appropriately, click on "SUBMIT" tab.
Step 7	Members holding shares in physical form will then reach directly to the Company selection screen. Members holding shares in Demat form will reach 'Password Creation' menu wherein, they are required to create their login password in the new password field. Kindly note that this password can be also be used by the Demat holders for voting for resolutions of any other Company on which they are eligible to vote, provided that Company opts for e-voting through CDSL platform. lt is strongly recommended not to share your password with any other person and take utmost care to keep your password confidential.

	lf Demat account holder has forgotten the changed password then Enter
	the User lD and the image verification code and click on Forgot Password &
	enter the details as prompted by the system.
Step 8	For Members holding shares in physical form, the details can be used only
	for remote e-voting on the resolutions contained in this Notice.
Step 9	Click on the EVSN of the Company i.e. 20082rO06 to vote
Step 10	On the voting page, you will see "RESOLUTION DESCRIPTION" and against
	the same the option "YES/NO" for voting. Select the option YES or NO and
	click on SUBMIT. The option "YES" implies that you assent to the resolution
	and Option "NO", implies that you dissent to the Resolution. Enter the
	number of shares (which represents number of votes) under "Yes/No" or
	alternatively you may partially enter any number ln "Yes" and partially
	"No", but the total number in "Yes" and "No" taken together should not
	exceed your total shareholding.
Step 11	Click on the "RESOLUTIONS FILE LINK" if you wish to view the Notice or
	Resolution Details.
Step 12	After selecting the resolution you have decided to vote on, click on
	"5UBMlT". A confirmation box will be displayed. lf you wish to confirm your vote, click on "OK", else to change your vote, click on "CANCEL" and
	accordingly modify your vote.
Step 13	Once you "CONFIRM" your vote on the resolution, you will not be allowed
	to modify your vote. You can also take out print of the voting done by you
	by clicking on "Click here to print" option on the voting page.
Step 14	Shareholders can also cast their vote using CDSL'S mobile app "m-Voting"
	available for Apple, Android and windows based mobile. The m-Voting app
	can be downloaded from Google Play Store. Please follow the instructions
	as prompted by the mobile app while voting on your mobile.
Step 15	Note for Non lndividual Shareholders and Custodians:-
	o Non-lndividual shareholders (i.e. other than lndividuals, HUF, NRI
	etc.) and Custodians are required to log on to www.evotingindia.com
	and register themselves in the "Corporates" module.
	o A scanned copy of the Registration Form bearing the stamp and sign
	of the entity should be emailed to [email protected].
	o After receiving the login details, a compliance user should be created
	using the admin login and password. The compliance user would be
	able to link the account(s) which they wish to vote on.
	o The list of accounts linked in the login should be mailed to
	[email protected] and on a pproval of the accounts
	they would be able to cast their vote.
	A scanned copy of the Board Resolution and Power of Attorney (POA) a
	which they have issued in favour of the Custodian, if any, should be
	uploaded in PDF format in the system for the Scrutinizer to verify the
	same.
	Alternatively Non lndividual shareholders are required to send the a
	relevant Board Resolution/ Authority letter etc. together with
	attested specimen signature of the duly authorized signatory who
	are authorized to vote, to the Scrutinizer and to the Company at the
	email address viz; www.amanitradins.in. if they have voted from

individual tab & not uploaded same in the CDSL e-voting system for the scrutinizer to verify the same.

ix. The results declared along with the Scrutinizer's Report shall be placed on the Company's website www.amanitrading.in and on the website of CDSL i.e. www.cdslindia.com within three days after the conclusion of 36th AGM and shall also be communicated to Stock Exchanges where the shares of the Company are listed.
ln case you have any queries or issues regarding e-voting, you may refer the Frequently Asked Questions ("FAQs") and e-voting manual available at www.evotingindia.com, under help Section or write an email to [email protected] or contact Mr. Nitin Kunder (022- 23058738 )or Mr. Mehboob Lakhani (022-23058543) or Mr. Rakesh Dalvi (o22-230s8s421. x

PROCESS FOR THOSE SHAREHOTDERS WHOSE EMAIL ADDRESSES ARE NOT REGISTERED WITH THE DEPOSITORIES FOR OBTAINING LOGIN CREDENTIATS FOR E.VOTING FOR THE RESOTUTIONS PROPOSED IN THIS NOTICE:

For Physical shareholders- please provide necessary details like Folio No., Name of shareholder, scanned copy of the share certificate (front and back), PAN (self attested scanned copy of PAN card), AADHAR (self attested scanned copy of Aadhar Card) by email to Company/RTA email id.
For Demat shareholders - please provide Demat account details (CDSL-16 digit beneficiary lD or NSDL-16 digit DPID + CLID), Name, client master or copy of Consolidated Account statement, PAN (self attested scanned copy of PAN card), AADHAR (self attested scanned copy of Aadhar Card) to Company/RTA email id.

Company	Amani Trading and Exports Limited
	Regd. Office: 32, Milanpark Society, Nr. Jawahar Chowk,
	Maninagar, Ahmedabad-380 008.
Registrar & Share	Link lntime lndia Pvt. Ltd
Transfer Agent	Centre-1 (ABC-1), Beside Gala Business Centre,
	5th Floor, 506-508, Amarnath Business,
	OffC G Road, Navrangpura,
	Ahmedabad - 380 009, Gujarat.
	Tel No. +91 79 26465t79 186 /87
	Email ld: ahmedabad @ lin kintim e.co. in
	Website : www.linkintime.co.in
E-Voting Agency	Central Depository Services (lndia) Ltd.
E-mail	helpdesk.evoting@cdslindia,com
Scrutinizer	M/s. A. Shah & Associates , Practising Company Secretary
Email	a n ishsh a hcs @gm a il. com

CONTACT DETAILS:

EXPLANATORY STATEMENT UNDER SECTION 102 (1) OF THE COMPANIES ACT, ZO13 Item 3

Mr. Anish A. Shah (DlN: 00156517) was appointed as a Managing Director of the Company for ^a period of 3 years w.e.i 1't June, 2O17 without any remuneration as approved by the members of the Company in the 32nd Annual General Meeting held on 28th September, 2017. As the existing tenure of Mr. Anish A. Shah as Managing Director of the Company is expiring on 31't May, 2020, the Board of Directors of the Company has, on recommendation of Nomination and Remuneration Committee, in its meeting held on 30th May, 2O2O subject to the approval of members, re-appointed him as a Managing Director of the Company for a further period of five years w.e.f. 1't June, 2020, on the terms and conditions stated in the resolution and as detailed hereunder.

Nature of duties:

a[ Managing Director shall devote his whole time and attention to the business of the Company 'and carry out such duties as may be entrusted to him by the Board from time to time and separately communicated to him and exercise such powers as may be asslgned to hlm, subject to superintendence, control and directions of the Board in connection with and in the best interests of the business of the Company and the business of any one or more of its associated companies and/or subsidiaries, including performing duties as asslgned by the Board from time to time by serving on the boards of such associated companies and/or subsidiaries or any other executive body or any committee of such a company-
b) Mahaging Director shall not exceed the powers so delegated by the Board pursuant to Clause (a) above.
c) Managing Director undertakes to employ the best of his skill and ability to make his utmost endeavors to promote the interests and welfare of the Company and to conflrm and comply wlth the directions and regulatlons of the Company and all such orderc and directions as may be given to him from time to tlme by the Board.

Mr. Anish A. Shah satisfr all the conditions set out in Pirt-l of Schedule V to the Act and also .;. conditions set out under -sqFsection ..(3). of sectlon 196 of the Act for belng eligible for his re-appointment. He is not disqualified from being appointed as Director in terms of Section 164 of the Act.

Brlef resume of Mr. Anish A. Shah and other details, as required tg be given pursuant to Regulation 36(3) of the Securities and Exihange Board of lndia (Listlng Obligations and Disclosure Requirements) Regurations. 2015, are attached as annexure to the notice.

Mr. Anish A. Shah and Mrs. Aashini Shah and their relatives are deemed to be concerned or interested (financially or otherwise) in this resolution. None of the other Directors or key managerial personnel or their relatives is, in anyway, concerned or interested in the said resolution. The Board recommends the Resolutlon set out at ltem no. 3 of the Notice for approval of the Members.

Date: 29th June, 2O2o By order otthe Board of olrectors Place: Ahmedabad For Amanl Tradlng and Exports Llmlted

Regd. Office: 32, Milan Park Society, Nr. Jawahar Chowk, Maninagar, Ahmedabad - 380 008.

bP Sohitkumar Mehta Company S€cretary

Annexure to the Notice dated 29th June, 2020

Details of Directors seeking Appointment /Re-appointment at the 35th Annual General Meeting to be held on Wednesday, 30th September , 2O2O al12.30 p.m. (Pursuant to Regulation 36 (3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, jOt5 and Clause 1.2.5 of Secretarial Standard - 2 on General Meetings)

Item no. 2

Name of Director	Mrs. Aashini A. Shah
Date of Birth	31't December, 1965
Date of Appointment on the	31't July, 2014
Board
Qualifications	Graduate
Experience / Expertise in Specific	Mrs. Aashini Shah is a graduate and having experience in
Functional Areas	the field of finance and accounts.
Relationship between Directors	Related to Mr. Anish Shah, Managing Director of the
inter-se	Company
No. of Board meeting attended	3 (Three)
during the year (2019-2Ol
Terms and conditions of	NA
appointment or re-appointment
along with details of
remuneration sought to be paid
and the remuneration last drawn
Directorship held in Other Listed	Aaswa Trading and Exports Ltd.
entities
Chairmanship/Membership of	Nomination and Remuneration Committee:
Board Committees in other listed	o Member:
entities	Aaswa Trading and Exports Ltd.

Shareholding of Director	350 shares

Item No, 3

Name of Director	Mr. Anish A. Shah
22nd ocrobet, 7964 Date of Birth
Date of Appointment on the	31't July, 2oo2
Board
Graduate Qualifications
Mr. Anish Shah is a commerce graduate and large Experience / Expertise in Specific
Functional Areas	experience in various fields has relevant expertise with
	regard to the business management.
Relationship between Directors	Related to Mrs. Aashini A. Shah, Director of the Company
inter-se
No. of Eoard meeting attended	3 (Three)
during the year (2O19-2Ol

Terms and condltions of appointment or re-appointment along with details of remuneratlon sought to be paid and the remuneration.last drawn As per the resolution at ltem No. 3 of the Notice convening this Meeting read with explanatory statement. Directorship held in Other Listed entities Aaswa Trading and Exports Ltd Chairmanship/Membership of Board Committees in other listed entlties Audit Committee: o . Member: Aaswa Trading and Exports Ltd. Shareholding of Director 350 shares Amani Trading and.Erports Limited Annual 2019-20

Date: 29th June, 2o2o Place: Ahmedabad

' By order of the Board of Directors For Amani Tradlng and Exports Limited

Sohltkumar Mehta Company Serretary

Regd. Office:

32, Milan Par.k Society, Nr. Jawahar Chowk, Maninagar, Ahmedabad - 380 oo8.

BOARD'S REPORT

Your Directors take pleasure in presenting their 36rh Annual Report on of your Company together with audited financial statements for the year ended on 31't March, 2020.

1. FINANCIAL RESULTS: (Amount in Lacs)

Total Revenue	32.4L	224.37
Profit before lnterest, Depreciation and Taxation	20.99	(1.41)
Less : lnterest	0.00	0.00
Less : Depreciation and amortization	0.00	0.00
/ (Loss) before Tax Profit	20.99	(1.41)
Provision for Taxation
Less : Current Tax	6.19	0.80
Less : Deferred Tax	0.00	(o.006)
Less : Tax adjustment for earlier years	0.00	0.25
Profit / (tossl after Tax	14.80	12.46l.

2. DIVIDEND

Your Directors do not recommend any dividend on the equity shares for the year under review.

3. RESERVES

During the year under review, no amount is transferred to any reserve account.

4. REVIEW OF BUSINESS OPERATIONS AND FUTURE PROSPECTS

During the year under review, the Company has earned total revenue of Rs. 3.99 Lacs from the operations of the Company as compared to previous year revenue of Rs. 213.46 Lacs. Your Company has reported a profit of Rs. 14.80 Lacs as compared to loss of Rs. 2.46 Lacs in previous year. The Company has continued its activity of trading in cotton fabrics. Your directors are confident for the lmprovement in the performance of the Company in the coming years.

5. SHARE CAPITAT

At present the Authorized Share Capital of the Company stands at Rs. 75 Lacs and the paid up capital stands at Rs. 69.97 Lacs. There has been no change in the share capital during the period ended 31't March, 2020.

6. OEPOSTTS

The Company has n6t accepted any deposits from Shareholders and Public falling within the . ambit of Section 73 of the Companies Act, 2013 and rules made there under. There were no deposits, which were claimed and remained unpaid by the Company as on 31't March, 2020.

7. MATERIAL CHANGES AND COMMITMENT, IF ANY, AFFECTING THE FINANCIAL POSITION OF OUR COMPANY OCCURRED BETWEEN THE END OF THE FINANCIAT YEAR TO WHICH THIS FINANCIAT STATEMENTS RETATE AND THE DATE OF THE REPORT

There are no material changes and commitments which affect the financial position of the company occurring between the end of financial year and the date of this Report, except as stated specifically in this Report.

8. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES

Your Company does not have any subsidiary, joint venture or associate company for the year ended on 31't March, 2020.

9. CONSERVATION OF ENERGY, TECHNOTOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO

lnformation on conservation of energy, technology absorption and foreign exchange earnings and outgo as stipulated under Section 134(3Xm) of the Companies Act, 2013, read with Rule 8 ofThe Companies (Accounts) Rules, 2014, forms part of this Report and annexed at Annexure-l'

10. RISK MANAGEMENT

The Company has set up a risk management framework to identify, monitor, minimize, mitigate and report and also to identify business opportunities. The executive manaBement oversees the risk management framework and the Audit Committee evaluates internal financial controls and risk management systems. However, the details of risk management objectives and policies made by the Company under the said provision is given in the notes to the Financial Statements. ln the opinion of Board, there are no risk which may threaten the existence of the Company. The Risk Management Policy is placed on the website of the Company at www, a m a n it ra d inq. in.

11. CORPORATE SOCIAL RESPONSIBITITIES INITIATIVES

The requirements of corporate social responsibility in terms of Section 135 of the Companies Act, 2013 does not apply to your company.

12. PARTICUTARS OF LOANS, GUARANTEES OR INVESTMENTS MADE UNDER SECTION 186 OF COMPANIES ACT,2013

Details of Loans and lnvestments covered under the provisions of Section 186 of the Companies Act, 2013 are given in the notes to the Financial Statements. During the year, the Company has not proVided guarantee or security in connection with a loan, hence the details are not provided.

13. PARTICUI.ARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES

The members may note that all the related party transactions were on arm's length basis and hence disclosure in Form AOC-2 is not required. There were no materially significant transactions with any ofthe related parties that may have potential conflict with the interest of the Company at large. Transactions with related parties as per requirements of IND-AS are disclosed in the notes to the Financial Statements.

14. NOMINATION AND REMUNERATION POTICY

A Nomination and Remuneration Policy has been formulated pursuant to the provisions of Section 178 and other applicable provisions of the Companies Act, 2013 and Rules thereto stating therein the Company's policy on nomination and remuneration of Directors, Key Managerial Personnel and Senior Management and the same is posted on the Company's website at www.amanitradins.in.

15. ANNUAT EVATUATION OF BOARD,S PERFORMANCE

The Nomination and Remuneration Committee have laid down the manner in which formal evaluation of the performance of the Board, its Committee and individual Directors has to be made. Pursuant to the requirements of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in accordance with the polidy laid down by the Nomination and Remuneration Committee (NRC), as approved by the Board of Directors, the Board has carried out an annual evaluation of its performance, its Committees and all individual Directors.

ln a separate meeting of lndependent Directors, performance of Non lndependent Directors, performance of the Board as a whole and performance of the Chairman & Managing Director was evaluated.

16. ANNUAT RETURN

The details forming part of the extract of the Annual Return in Form MGT-9, as required under Section 92 of the Companies Act, 2013, is included in this Report as Annexure-2. The Annual Return of the Company has been placed on the website of the Company at www.amanitrad ing.in.

17. WEBSITE OF YOUR COMPANY

Your Company maintains a website www.amanitrading.in where detailed information of the Company and specified details in terms of the Companies Act, 2013 and SEBI (Listing Obligations & Disclosure Requirements) Regulations,2015 have been provided.

18. NUMBER OF BOARD MEETINGS CONDUCTED DURING THE YEAR UNDER REVIEW AND ATTENDANCE THEREOF.

During the year, 4 (four) meetings of the Board of Directors were held, as required under the Companies Act, 2013 and SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2OL5. viz;29th May, 2019, 13th August, 2019, 13th November, 2019 and 13th February, 2020.

Sr.		Number of Board Meetings during the financial year 2019 -20
No	Name of Director	Held	Attended

7	Mr. Keyur Parikh	4	4
2	Mr. Jainik G. Shah	4	4
3	Mr. Anish A. Shah	4	3
4	Mrs. Aashini Shah	4	3

During the year, Your Company has complied with applicable Secretarial Standards issued by the lnstitute of Company Secretaries of lndia (lCSl).

19. DIRECTORS AND KEY MANAGERIAL PERSONNEL

Appointment:

Mr. Anish Shah : He is completing his term of 3 (three) years of his appointment as ^a Managing Director on 31st May, 2020 and is eligible for re-appointment for another term of 5 (five) consecutive years subject to approval of the Members by Ordinary Resolution. The Nomination and Remuneration Committee (NRC) has recommended and the Board of Directors has approved his re-appointment as a Managing Director for a term of five consecutive years commencing from 1tt June, 2020.

The Company has received requisite Notices from Member(s) under Section 160 of the Companies Act, 2013 in respect of the aforesaid Director, proposing his candidature for the office of Director. The resolutions for his re-appointment along with his brief pfofile forms part of the Notice of the 36th AGM and the respective iesolution is recommended for approval of members.

Retirement by Rotation:

ln accordance with the Articles of Association and the relevant provisions of the Companies Act, 2013, Mrs. Aashini A. Shah retires by rotation at the ensuing Annual General Meeting of the Company and being eligible seeks re-appointment. Your Board recommends his reappointment.

There was no change in the composition of the Board of Directors and Key Mana8erial Personnel during the year under review, except as stated above.

20. DIRECTORY RESPONSIBILIW STATEMENT

To the best of our knowtedge and belief and according to the information and explanations obtained by us, your Directors make the following statements in terms of Section 13+(3) (c) and 134 (5) of the Act, 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 had 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 of the company for that period;
(c) the directors had 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 had prepared the annual accounts on a going concern basis; and
(e) the directors had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively;
(f) the directors had devised proper system to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

21. DECLARATION OF INDEPENDENT DIRECTORS

All the lndependent Directors have given their declaration to the Company statinB their independence pursuant to Section 149(6) and SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015. The terms and conditions of the appointment of lndependent Directors have been disclosed on the website of the Company at www.amanitrading.in. ln compliance with the requirements of the SEBI (Listing Obligations & Disclosure Requirements) Regulations,2015 the Company has put in place a Familiarization Program for the lndependent Directors to familiarize them with the Company, their roles, rights, responsibilities in the Company, nature of the industry in which the Company operates, business model etc.

22. PARTICUTARS OF EMPTOYEES

(i) The ratio of the remuneration of each director to the median employee's remuneration and other details in terms of sub-section 12 of Section 197 of the Companies Act, 2013 read . with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel)
Rules, 2014, are.forming part of this report and is annexed as Annexure 3 to this Report.
(ii) The statement containing particulars of employees as required under Section L97l72l of the Companies Act, 2013 read with Rule 5(2) and Rule 5 (3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, forms part of this report. However, the said statement is not being sent along with this Annual Report to the members in line with the provisions of Section 136 of the Companies Act, 2013. The same is open for inspection at the ReBistered office of the company. Copies of this statement may be obtained by the members by writing to the Company Secretary.

23. AUDITORS

(a) STATUTORYAUDITORS

M/s. Mukesh M. Shah & Co., Chartered Accountants, Ahmedabad (Firm Registration No. 106625W) were appointed as Statutory Auditors of the Company at the 33rd Annual General Meeting held on 28th September, 2Ol7,lor a term of five (5) consecutive financial years i.e. commencing from FY 2017-18, subject to their appointment being ratified by the shareholders in every AGM.

The Companies Amendment Act,2Ot7 has with effect from 7th May, 2018 omitted the requirement of ratification of appointment of Statutory Auditors at every intervening Annual General Meeting and accordingly the same is not required to be placed before the Members at the Annual General MeetinS.

The Statutory Auditor has given a confirmation to the effect that they are eligible to continue with their appointment and have not been disqualified in any manner from continuing as Statutory Auditor. The remuneration payable to the Statutory Auditor shall be determined by the Board of Directors based on the recommendation of the Audit Committee'

The Auditors' Report for FY 2019-20 forms part of this Annual Report and does not contain any qualification, reservation or adverse remark.

(bl SEcRETARTAT AUDITORS

Pursuant to provisions of section 204 read with Rule 9 of the companies (Appointment and Remuneration of Managerial Personnel) Rules,2014 and the sEBl (ListinS obligations & Disclosure Requirements), Regulations, 2015 as amended, the Company has appointed M/s. A. Shah & Associates, Practicing Company Secretary, Ahmedabad (Certificate of Practice No. 6560) to undertake the Secretarial Audit of the Company for the financial year ended 31't March, 2020. The Secretarial Audit Report is annexed herewith as Annexure - 4.

The Secretarial Audit Report contains observation that the Company is yet to comply with the Regulation 31(2) of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2O]-5 for maintaining 100% Shareholding of promoters in Dematerialization Form. As regard to the aforesaid observation, Board wishes to states that core promoters, holding 85.75% shares of promoters' holding, had already dematerialized their shares.

The said Report and does not contain any qualification, reservation or adverse remark except mention above.

24. REPORTING OF FRAUD BY AUDITORS

There have been no instances of fraud reported by the Auditors u/s La3 \$2l.of the Companies Act, 2013 and rules framed thereunder either to the company or to the Central Government.

25. DISCTOSURE OF COMPOSITION OF BOARD, COMMITTEE AND VIGIT MECHANISM

CONSTITUTION OF BOARD

As on the date of this report, the composition of Board is as follows'

Sr No.	Name of the Director	Designation
1	Mr. Anish A. Shah	Managing Director
2	Mrs. Aashini A. Shah	endent Director Non Executive-Non lnde
3	Mr. Jainik G. Shah	lndependent Director
4	Mr. Keyur J. Parikh	lndependent Director

The composition of Board complies with the requirements of the Companies Act, 2013' Further, in pursuance of Regulation 15(2) of sEBl (ListinB obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), the Company is exempted from requirement of having composition of Board as per Listing Regulations'

None of the Directors of Board is a member of more than ten Committees or Chairman of more than five committees across all the Public companies in which they are Director. The necessary disclosures regarding Committee positions have been made by all the Directors.

COMMITTEES OF BOARD

Your Company has constituted several Committees in compliance with the requirements of the relevant provisions of applicable laws and statutes, details of which are given hereunder.

1. AUDIT COMMITTEE

Audit committee meeting is generally held once in quarter for the purpose of recommending the quarterly/half yearly/ yearly financial results and the 8ap between two meetings did not exceed one hundred and twenty days. The Audit committee met four times durin8 the

financial year 2019-20 viz;29th May, 2019, 13th August, 2019, 13th November, 2019 and 13th February,2020.

The Audit committee comprises of the following directors as on the date of the Board Report:

Sr, No.	Name of Director	Category	DesiBnation
L	Mr. Keyur J. Parikh	endent Director lnde	Chairman
2	Mr. Jainik G. Shah	lndependent Director	Member
3	Mr. Anish A. Shah	Executive Non-lndependent Director	Member

The details of meetings attended by Committee members are given below:

Sr.		the financial year 2019 -20 during Number of meetings
No.	Name of Director	Held	Attended
1	Mr. Keyur Parikh	4	4
2	Mr. lainik G. Shah	4	4
3	Mr. Anish A Shah	4	3

Mr. Keyur parikh, the Chairman of the Committee had attended last Annual General Meeting of the Company held on 27th September, 2019. Further, Mr. Sohitkumar D. Mehta, Company secretary is acting as a secretary of the committee. Recommendations of Audit committee, wherever and whenever given, have been accepted by the Board.

2. NOMINATION AND REMUNERATION COMMITTEE

The Company has formed Nomination and Remuneration committee in line with the provisions section 178 of the companies Act, 2013. Nomination and Remuneration committee meetings are generally held for identifying the person who is qualified to become Directors and may be appointed in senior management and recommending their appointments and removal' During the year under review, one meeting was held on 13th August, 2019 inter alia, to recommend the appointment of KMP's and to review the performance of Directors of the company.

The NRC committee Com rises of the following directors as on the date of the Board Re ort:

Sr. No.	Name of Director	Catetory	Desitnation
7	lainik G. Shah Mr.	lndependent Director	Chairman
2	Mr. Keyur Parikh	endent Director lnde	Member
3	Mrs. Aashini A. Shah	Non-Executive Non-lndependent Director	Member

The details of meetings attended by Committee members are given below:

Sr. No,	Name of Director	the financial yeat 2Ol9 -2O Number of meetin during
		Held	Attended
t	Mr. Jainik Shah	L	L
2	Mr. ur Parikh Ke	I	L
3	Mrs. Aashini A. Shah	1	1

VIGIT MECHANISM

The company has established a vigil mechanism and accordingly framed a whistle Blower policy. Ttre policy enables the employees to report to the manaSement instances of unethical behavior, actual or suspected fraud or violation of Company's code of conduct. Further the

mechanism adopted by the Company encourages the Whistle Blower to report genuine concerns or grievances and provide for adequate safe guards against victimization of the Whistle Blower who avails of such mechanism and also provides for direct access to the Chairman of the Audit Committee, in exceptional cases. The functioning of vigil mechanism is reviewed by the Audit Committee from time to time. None of the Whistle blowers has been denied access to the Audit Committee of the Board. The Whistle Blower Policy of the Company is available on the website of the Company at www.amanttradina.in

26. SIGNIFICANT AND MATERIAT ORDERS PASSED BY REGUIATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS OF THE COMPANY

There has been no significant and material order passed bythe regulators or courts or tribunals impacting the going concern status and Company's operations. All orders received by the Company during the year are of routine in nature which have no significant / material impact.

27. INTERNAT CONTROT SYSTEMS AND THEIR ADEQUACY

Your Company has laid down the set of standards, processes and structure which enables it to implement internal financial control across the organisation and ensure that the same are adequate and operating effectively. To maintain the objectivity and independence of internal audit, the lnternal Auditor reports to the Chairman ofthe Audit Committee of the Board.

The lnternal Auditor monitors and evaluates the efficacy and adequacy of internal control systems in the Company, its compliance with the operating systems, accounting procedures and policies of the Company. Based on the report of lnternal Auditor, the process owners undertake the corrective action in their respective areas and thereby strengthen the control. Significant audit observation and corrective actions. thereon are presented to the Audit Committee of the Board.

28. TISTING WITH STOCK EXCHANGES

Your Company is listed with the BSE Limited and Ahmedabad Stock Exchange and the Company has paid the listing fees to each of the Exchanges.

29. CORPORATE GOVERNANCE & MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Regulation 77 to 27 and Clause (b) to (i) of sub-regulation (2) of Regulation 46 and Para C, D, and E of Schedule V of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 does not apply to your Company and hence provisions relating to report on corporate governance are not applicable. The Management Discussion and Analysis Report forms part of this Report and are annexure as Annexure -5 to this Report.

30. GENERAT DISCLOSURE

Your Directors state that no disclosure or reporting is required in respect of the following items as there were no transactions on these items during the year under review:

a. lssue of equity shares with differential rights as to dividend, voting or otherwise.
b. lssue of shares (including sweat equity shares) to employees of the Company under any scheme including Employee Stock Option Scheme.
c. Provision of money by company for purchase of its own shares by employees or by trustees for the benefit of employees.

31. DISCTOSURE AS PER SEXUAT HARASSMENT OF WOMEN AT WORKPTACE (PREVENT|ON, PROHTBTT|ON AND REDRESSAL) ACT, 2013

Your Directors state that during the year under review, there were no cases filed pursuant to Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

32. APPRECIATION

Your Directors express their gratitude for the dedicated services put in by all the employees of the Company.

33. ACKNOWTEDGEMENTS

Your Directors places on record their sincere thanks to the customers, vendors, investors, banks and financial institutions for the continued support. Your Directors are also thankful to the Government of lndia, State Government and other authorities for their support and solicit similar support and guidance in future.

FOR, AMANI TRADING AND EXPORTS TIMITED

f il^

KEYUR J. PARIKH CHAIRMAN DIN:00156455

,0)

JAINIK G. SHAH DIRECTOR DIN:06633834

Date: 29th June, 2020 Place: Ahmedabad

ANNEXURES TO THE BOARD'S REPORT

Annexure-1

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTTON AND FOREIGN EXCHANGE EARNING AND OUTGO.

The lnformation under section 134 of the companies Act, 2013 read with the companies (Accounts) Rules 2014 for the year ended on 31.t March, 2020 is given here below and forms part of the Board,s Report.

A. Conservation of Energy

The principal business of the company is of trading in cotton fabrics and therefore, the operations of the company does not comprisJ of Manufacturing activities and not consume high level of energy. No capital investment has been made by the Company on energy conservation equipments.

B. TechnologyAbsorption

The company has no activity regarding technorogy absorption. The company has not incurred any expenditure on research and development activity.

C. Foreign Exchange Earning and Outgo

During the year under review, there are no foreign exchange earnings and outgo.

FOR, AMANI TRADING AND EXPORTS TIMITED

q,P*,sh

KEYUR J. PARIKH CHAIRMAN DIN:00156455

JAINIK G. SHAH DIRECTOR DIN:06533834

Date: 29th June, 2020 Place: Ahmedabad

Annexure-2

Form No. MGT - 9 Extract of Annual Return

As on the financial year ended on 31s March, 2O2O [Pursuont to section 92(j) oJ the Componies Act, 2013 ond rule 72(7) of the Componies (Monogement ond Administrotion) Rules, 20141

I. REGISTRATION AND OTHER DETAITS

1	ctN	L5 1 100GJ 1984P 1CO20026
2	Registration Date	7th February, 1984
3	Name of the Company	Amani Trading and Exports Ltd.
4	Sub-category of the Category / Company	Public Company Limited by Shares
5	Whether listed Company (Yes/No)	Yes (BSE Ltd & Ahmedabad Stock Exchange)
6	Name, Address and Contact Details of	Link lntime (lndia) Pw. Ltd.
	Registrar and Transfer Agent, if any	Centre-1 (ABC-1), Beside Gala Business Centre,
		5th Floor, 506-508, Amarnath Business,
		Off CG Road , Navrangpura,
		Ahmedabad - 380 009, Gujarat.
		Tel No. 079-26465179
		Email: [email protected]

II. PRINCIPAT BUSINESS ACTIVITIES OF THE COMPANY

All the business activities contributing 10 % or more of the total turnover of the company shall be stated:-

Sr.	Name and Description of Main Product	NIC Code of	% to total turnover of the
No		the Product*	Company
7	Trading of Cotton Fabrics	46477	roo%

^tAs per National lndustrial Classification (NlC-2008) - Ministry of Statistics and programme lmplementation.

ilt. PARTTCU|-ARS OF HOID|NG, SUBStDtARy AND ASSOCTATE COMPAN|ES

Sr, No.	Name and Address of the Company	crN / GrN	Holding I Subsidiary / Associate	%of Shares held	Applicable Section
		NIL

IV. SHAREHOLDING PATTERN (EQUITY SHARE CAPITAL BREAKUP AS % OF TOTAT EQUITY) i. Category wise Shareholding

					tl
A, Promoters
(1) lndian
a) lndividual/ HUF	449770	3855	453625	64.83	u9770	3855	453625	64.83
b) Cent. Govt
c) state Govt
d) Bodies Corporate		3075	3075	o.44		3075	3075	o.44
e) Banks / Fl
f) Any other (i)Trust		67800	57800	9.69		67800	67800	9.69
sub-total (A) (1)	449770	74730	524500	74.96	449770	74730	524500	74.96	0.00
(2)Foreign
a) NRls - lndividuals
b) Other - lndividuals
c) Bodies Corporate
d) Banks / Fl
e)Any other
sub-total (A) (2)	0	o	o	o.0o	o	0	0	0.00	0.00
Total share-holding	4,9770	74730	524500	74.96	449770	74730	524500	74.96	0.00
of Promoter (A) =
(AXl) + (AX2)
B. Public Shareholding
(1) lnstitutions
a) Mutual Funds
b) Banks / Fl
c) Cent. Govt
d) State GoW
e) Venture Capital Funds
0lnsurance
Companies
s) FllS
h) Foreign Venture
Capital Funds
i) others, Specify
Sub-total(B) (1)	0	0	o	0.00	0	0	0	0.00	0.00
(2) Non- lnstitutions
a) Bodies Corporate	50			0.01	50			0.01
b)lndividuals
i)lndividual	13428	63500	76928	11.00	73428	63500	76928	11.00
shareholders holding
nominal share capital
upto Rs.1 Lac
ii)lndividual	12800		12800	1,83	12800		12800	1.83

shareholders holding
nominal share capital
in excess of Rs.l Lac
c) Others, Specify
(i) HUF	446		446	o.72	a46		846	o.72
(ii)Clearing Members	74		74	0.00	74		74	0.00
(iii) ocB's
(iv)Trust		84200	84200	12.03		84200	84200	12.03
(v) lndividuals (Non	311		311	0.04	311		311	0.04
Resident lndividuals
Non-Repatriation)
(vi) lndividuals (Non	51		51	0.01	51		51	0.01
Resident lndividuals
Repatriation)
sub-total (B) (2)	27500	L47700	175200	25.04	27500	147700	t75200	25.U	0.00
Total Public	27500	147700	L75200	25.04	27500	147700	175200	25.04	0.00
Shareholding(B)=
(Bx1)+(Bx2)
c. Shares held by
Custodian for GDRS
and ADRS
Grand Total (A+B+C)	27500	672200	599700	lflr.00	27SOO	67220[J	59970O	100,00	0.00

ii. Shareholding of Promoters

Sr.	Shareholde/s Name		No. of Shares held at the beginning			No. ofShares held at the end of the		%
No.		No. of	of the year i.e. 01.04.2019	%ot	No. of	year i.e. 31.03.2020		Change
		Shares	% of total shares gf	shares		% of total	%ol	in
			the	Pledged /	Shares	shares of the	Shares Pledged /	share holding
			Company	encumbere		Company	encumbere	during
				d to total			d to total	the
				shares			shares	year
1	ShefaliChintan Parikh	39?270	56.78	0.00	397270	56.78	0.00	0.00
2	Uttara C. Parikh	52500	7.50	0.00	52500	?.50	0.00	0.00
3	Virbala Navnit Parikh &	7500	7.O7	0.00	7500	r.o7	0.00	0.00
	Vishnubhai Dahyabhai Patel (Navnit Trust)
4	Navnitlal C. Parikh &	5000	o.77	0.00	5000	o.?7	0.00	0.00
	Shefali C. Parikh
	(Suvidha Trust)
5	Jayantilal Chandulal	525	0.08	0.00	525	0.08	0.00	0.00
	Parikh
6	Taraben Jayantilal Parikh	525	0.08	0.00	525	0.08	0.00	0.00
7	NavnitCMParikh& Shefali Chintan Parikh	7760	0.25	0.00	7760	0.25	0.00	0.00
	Falguniben Shreyasbhai Sheth	775	0.03	0.00	775	0.03	0.00	0.00
9	Madhuriben	775	0.03	0.00	775	0.03	0.00	0.00
	MaheshbhaiJhaveri
10	Sanjaybhai Maheshbhai	775	0.03	0.00	775	0.03	0.00	0.00
11	Shreyakbhai Arvindbhai Sheth	775	0.03	0.00	775	0.03	0.00	0.00
72	Varshaben sanjaybhai	775	0.03	0.00	775	0.03	0.00	0.00
	Jhaveri
13	Nirenbhai A. Jhaveri	100	0.01	0.00	100	0.01	0.00	0.00

	Total	524500	74.96	524500	74.96
22	Sadhana Trust through its nominee Chintan N. Parikh	11900	7.70	11900	t.70
27	Shivam Trust through its nominee. Navnitlal C. Parikh	20000	2.86	20000	2.86
20.	Saumya Trust through its nominee Chintan N. Parikh	23400	3.34	23400	3.34
'19	Akalu Holdings Pvt. Ltd.	950	0.14	950	0.14
18	Ataku Holdings Pvt. Ltd	2t25	0.30	2125	0.30
77	ShripalSevantilal Morakhia	10	0.00	10	0.00
16	Narottam Bhikalal Shah	10	0.00	10	0.00
15	Harsh AnubhaiJaveri	10	0.00	10	0.00
74	Ajay Chandrakant Mody	40	0.01	40	0.01

iii, Change in Promoters' Shareholding (Please specify, if there is no change)

There is no change in the shareholding of the Promoter Group.

iv, Shareholding Pattern of top ten shareholders (other than Directors, Promoters and Holders of GDRs and ADRs):

Sr. No.	For each of the top 10 Shareholders	the year 01.04.2019	Shareholding at the betinning of	Shareholding at the end of the year 31.03.2020
		No. ofshares	% ol total No. of shares shares of the company		Y" of total shares of the company
7	Mathurbhai Shivaram Patel	12800	1.83	12800	1.83
2	Shrenik Kasturbhai Lalbhai	5000	o.7L	5000	o.71
3	Pritty Devi Sarawagi	4823	0.59	4823	0.59
4.	Saumil Harshadbhai Parikh	1500	o.27	1500	o.2L
5	Snehalatha Singhi	7027	o.74	1021	o.t4
6	Kamlesh Bhagwandas Shah	1000	0.14	1000	0.14
7	Mahendra Nathulal	1000	0.14	1000	0.74
	Bhavesh G. Shah	800	0.11	800	0.11
9	Mohanbhai F. Desai	800	0.11	800	0.11
10.	vitthalbhai B. Patel	750	0.11	750	0.11

v. Shareholding of Directors and Key Managerial Personnel

Sr. No.	For each of the Directors and KMP	the year 01.04.2019	Shareholding at the beginning of	Shareholdint at the end of the year 31.03.2020
		No, of shares	ol total shares of the company	No. of shares	% ol total shares of the company
7	Mr. Keyur J. Parikh	525	0.08	525	0.08
3	Mr. Jainik G. Shah
4	Mr. Anish A. Shah	350	0.05	350	0.05
5	Mrs. AashiniA. Shah	350	0.05	350	0.05

V. INDEBTEDNESS

lndebtedness of the Company including interest outstanding / accrued but not due for payment

				. (Rs. ln lacs)
Particulars	Secured Loans	Unsecured	Deposits	Total
	excluding	Loans		lndebtedness
	deposits
lndebtedness at the beginning ofthe financial year
i) Principal Amount
ii) lnterest due but not paid
iii) lnterest accrued but not paid
Total (i+ii+iiD
Change in lndebtedness during the financial year
Addition
Reduction
lndebtedness at the end ofthe financial year
i) Principal Amount
ii) lnterest due but not paid
iii) lnterest accrued but not paid
Total (i+ii+iii)

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNET

None of the Directors were in receipt of any remuneration during the yeat 2OL9-2O20.
Remuneration to Key Managerial Personnel, Other Than MD/Manager/WTD (Amount in Rs.)

s.N.	Particulars of Remuneration	Company Secretary	Chief Financial Officer	TotalAmount (ln Rs.)

7	Gross Salary	1,20,000	1,50,360	2,70,360
	(a)Salary as perthe section 17(1)of the lT Act, 1961
	(b) Value of perquisites u/s 17(2) of the lT Act, 1961
2	Stock Options
3	Sweat Equity
4.	Commission;
	-Asa%ofProfit
	-Others, Specify
5	Others, Specify
	Total	1,20,000	1,50,360	2,70,360

VII. PENATTIES / PUNISHMENT / COMPOUNDING OF OFFENCE (UNDER THE COMPANIES ACT)

There were no cases of penalties / punishment or compounding of offences either on the company or on the Directors or officer in defaurt under the companies Act.

FOR, AMANI TRADING AND EXPORTS TIMITED

KEYURJ. PARIKH CHAIRMAN DIN:00155455

.fi)

JAINIK G. SHAH DIRECTOR DIN:06533834

Date: 29th June, 2020 Place: Ahmedabad

Annexure-3

Details Pursuant to the provisions of Section L97lL2l of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

t	Directors including Managing Director were not paid any Remuneration for the financial year 2OL9-2O2O.
2	Directors including Managing Director were not paid any Remuneration. There is no increase in the remuneration of Company Secretary and Chief Financial Officer.
3	*Percentage increase in the median remuneration of employee is Nil.
4	There were two permanent employees on the rolls of the company as on 31't March 2020.
5	There was no increase in the remuneration of the employee so average increase in percentile of the employee is not applicable.
6	The remuneration is as per the Nomination and Remuneration Policy of the company

Note: + it is calculated on the basis of actual salary paid to the employee. Effect of any arrears or deferred payments for earlier periods has been ignored for the cdlculation.

FOR, AMANI TRADING AND EXPORTS TIMITED

KEYUR J. PARIKH CHAIRMAN DIN:00156455

il, .f) JAINIK G, SHAH DIRECTOR

Date: 29th June, 2020 Place: Ahmedabad DIN:06633834

D/413, Shiromani Complex, Opp.
Oceanie Park, Nehru Nagar Satellite Road, AHMEDABAD-380015

haidha

[email protected]

ΣΔ

OFFICE: 079-26740953 MOBILE: +91-997-890-9231

$MR-3$ SECRETARIAL AUDIT REPORT

[Pursuant to Section 204(1) of the Companies Act, 2013 read with Rule No. 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014]

FOR FINANCIAL YEAR ENDED ON 31ST MARCH, 2020

The Members.

TO^-

M/S. AMANI TRADING AND EXPORTS LIMITED

wari kina suli kali

I have conducted the Secretarial Audit of the Compliance of applicable statutory provisions and the adherence to good corporate practices by M/S. AMANI TRADING AND EXPORTS LIMITED (Herein after called the "Company"). Secretarial Audit was conducted in a manner that provided us a reasonable basis for evaluating the Corporate Conducts/Statutory Compliances and expressing my opinion thereon.

Based on my verification on M/S. AMANI TRADING AND EXPORTS LIMITED Books, papers, Minutes Books, Forms and Returns flied and Other Records maintained by the Company and also the information Provided by the Company, its officers and agents and authorized representatives during the conduct of Secretarial Audit, I hereby report that in my opinion, the Company has, during the audit period covering the Financial Year ended on 31st March, 2020 complied with the statutory provisions listed hereunder and so that Company has proper Board-processes and Compliance Mechanism in place to the extent, in the manner and subject to the reporting made hereinafter.

I have examined the Books, Papers, Minute Books, Forms and Returns filed and other Records maintained by M/S. AMANI TRADING AND EXPORTS LIMITED for the Financial Year ended on 31st March, 2020 according to the provisions of:

(I) The Companies Act, 2013 and the Rules made thereunder;

[II] The Securities Contracts (Regulation) Act, 1956 ('SCARA) and the Rules made thereunder;

(III) The Depositories Act, 1999 and the Regulations and Bye-Laws framed thereunder; (IV) The Poreign Exchange Management Act, 1999 and the Rules and Regulations made thereunder to the extent of Foreign Direct Investments and External Confraersial Borrowings;

Promoters in Dematerialized Form.

WE FURTHER REPORT THAT.

The Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non-Executive Directors and Independent Directors. The changes in the composition of the Board of Directors that took place during the period under review were carried out in compliance with the provisions of the Act.

Adequate notice is given to all directors to schedule the Board Meetings Seven days prior to the date of Meeting. Detailed agenda and detailed notes on agenda were sent along with the Notice, and therefore, there was a system for seeking and obtaining further information and clarifications on the agenda items before the meeting and for meaningful participation at the meeting.

Majority decision is carried through while the dissenting members views are captured and recorded as part of the minutes.

WE FURTHER REPORT THAT there are adequate systems and processes in the company commensurate with the size and operations of the company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines.

WE FURTHER REPORT THAT during the audit period in the company, there has been no material discrepancy found in the business and no specific change in the nature of the Business.

PLACE: AHMEDABAD DATE: 31/08/2020*

FOR, A. SHAH & ASSOCIATES, PRACTICING COMPANY SECRETARIES,

C. Elec. ghill. MR. ANISH SHAH

ir.

PROPRIETOR $(C. P. NO: 6560)$ $(FCS: 4713)$

(UDIN: F004713B000620339

Note: This report is to be read with our letter of even date which is annexed as "ANNEXURE A" and forms an integral part if this report.

To. The Members AMANI TRADING AND EXPORTS LIMITED 32, MILAN PARK SOCIETY NEAR JAWAHAR CHOWK, MANINAGAR, AHMEDABAD - 380008

Our Report of even date is to be read with this letter.

(1) Maintenance of Secretarial record is the responsibility of the management of the Company. Our responsibility is to express an opinion on these Secretarial Records based on our Secretarial Audit.

ⁱtti ille sa sa sana sa sana sa sa sa sa sa sa sa sa sa sa sa sa sa

나는 여자 그렇다 나 먹으니 시르는

노래 변 회사 세고대원

rs (no framentes e acordinamente) por el dico

(2) We have followed the audit practices and processes as were appropriate to obtain reasonable assurance about the correctness of the contents of the Secretarial Records. The verification was done on test basis to ensure that correct facts are reflected in Secretarial Records. We believe that the processes and practices, we followed provide a reasonable basis for our opinion.

(3) We have not verified the correctness and appropriateness of financial records and Books of Accounts of the Company.

(4) Where ever required, we have obtained the Management Representation about the compliance of Laws, Rules and Regulations and happening of events etc.

(5) The compliance of the provisions of corporate and other applicable Laws, Rules, Regulations, Standards is the responsibility of management. Our examination was limited to the verification of procedures on test basis.

(6) The Secretarial Audit report is neither an assurance as to the future viability of the company nor of the efficacy or effectiveness with which the management has conducted the affairs of the

PLACE: AHMEDABAD DATE: 31/08/2020

FOR, A. SHAH & ASSOCIATES. PRACTICING COMPANY SECRETARIES,

MR. ANISH SHAH PROPRIETOR $(C. P. NO. 6560)$ $(FCS: 4713)$ (UDIN: F004713B000620339)

Annexure-s

MANAGEMENT DISCUSSION AND ANATYSIS REPORT

Overview:-

The Global economy suffered a major slowdown in the year 2019 and the growth remained subdued. Global trade disputes and geopolitical tensions were the major factors to dampen the economic groMh. According to the lMF, if the trade war between US and China escalates then it has the potential to wipe-off approximately 0.5% of the global economy with its adverse effect on business confidence, asset prices, investments and global supply chain. ln 2019, global GDP growth slowed down to 2.4o/o, from 3.Oo/o ^a year earlier. Any expectation of better growth in 2020 was squashed due to outbreak of the novel corona virus (COVID-19). The COVID-19 pandemic has caused havoc not only nationally but internationally as well. lt has triggered unprecedented restrictions not only on the movement of people but also on a range of economic activities. This pandemic has triggered the deepest global recession in decades.

l.ndia has also witnessed economic slowdown in 2019. The main reasons attributed to the fall in the GDP growth rate were - contracted manufacturing activity, weakened investments, and lessened consumption demand. The Government of lndia has started taking several initiatives across sectors to improve the overall economic condition in the country.-The economic impact of the 2020 corona virus pandemic in lndia has also been largely disruptive. lndia's groMh in the fourth quarter of the fiscal year 2020 went down to 3.1% according to the Ministry of Statistics. The likely duration, intensity and spread of the cororiavlrus has brought in increased uncertainty to the global and domestic economic outlook. lt is feared that COVID-19 would leave a deep cut in economy and corporate financials. IMF projects sharp contractioo of 4.5o/o in lndian economy in 2020 which is a historic low.

segment Analysis and Review:-

The company is predominantly a trading company and operates only in one segment, trading of Fabrics. On account of Covid-19 impact, the industry is adversely affected by disruption in global supply chain, working capital constraints and restricted demand due to limited movement of people and their purchasing ability. With this total disruption the industry is facing its worst-ever crisis. However, the segment exercised better controls on other operational costs and kept overall costs under control.

Financial Results and Outlook:-

Financial Ratio FY 20t9-20 FY 2018-19 Change in ⁹⁶ Reasons for change Debtors Turnover 0.11 3.30 -96.7L% Change in ratio is due to lower operating revenues as compared to previous year. Current Ratio 10.51 0.82 t78O.4OYo Current ratio has improved due to reduced level of trade payables. Operating profit Margin 525.O9% -o.55% 80525.81% Ratio has improved due to better profitability levels. Net Margin Profit 370.53% -t.75% 32277.33% Ratio has improved due to better profitability levels. Return on Net Worth 9.47% -t.74% 645.26% Ratio has improved due to better profitability levels.

Significant Changes in Financial Ratios:

Research and Development:-

Company recognizes the importance of research and development across all important areas and continues to maintain and update its functional facilities, in spite of its financial position, in order to meet the changing product requirements of the customers, achieve cost efficiencies and meet compliance requirements of statutory agencies.

Opportunities, Threats and Risks:

With the financial reforms likely to add impetus to industry growth and likelihood of stable political environment, the domestic market should pose better opportunities in terms of volume growth. lmproved financial liquidity in the economy as a whole would be a key concern for the company to achieve higher volumes coupled with improved margins.

Human Resources Development and Health & Safety:-

The company follows proper policies and practices for the welfare of its employees and takes adequate measures for attracting and retaining the right talent.

The Company does not operate in any manner in which it violates any laws. Moreover, the employees of the Company are being provided better work environment.

lnternal Control System:.

There are adequate internal control system existing in the company across all the areas of operations and processes. This ensures efficiency of operations, compliance with internal policies and applicable laws and regulations, protection of resources and/or assets and accurate reporting pf financial transactions. The audit committee reviews the adequacy and effectiveness of the internal control systems and improvements are carried out to strengthen them.

Cautionary Statement:.

Statements in the Management Discussion and Analysis Report containing the objectives, expectations or predictions of the company may be forward-looking within the meaning of securities laws and regulations. Actual results may differ materially from those expressed in the statement. The operations of the Company could be influenced by various factors such as domestic and global demand and supply conditions affecting sales volumes and selling prices of finished goods, input availability and cost, government regulations, tax laws, economic developments within the country and other factors such as litigation and industrial relations.

FOR, AMANI TRADING AND EXPORTS TIMITED

@,9*n) r)

KEYUR J. PARIKH CHAIRMAN DIN:00155455

JAINIK G. SHAH DIRECTOR DIN:06633834

Date: 29th June, 2o2o Place: Ahmedabad

CHARTERED ACCOUNTANTS AHMEDABAD. MUMBAI . BANGALORE MUKESH M. SHAH & CO.

INOEPENDENT AUDITOR'S REPORT

TO THE MEMBERS OF AMANI TRADING AND EXPORTS TIMITED

Report on the Audit of the Financial Statements

Opinion

We have audited the accompanying financial statements of AMANI TRADING AND EXPORTS LIMITED ("the Company"), which comprise the balance sheet as at 3Lst March 2020, the statement of Profit and Loss (including other comprehensive income), the statement of changes in equity and the statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies and other explanatory information (herein after referred to as "the financial statements").

ln our opinion and to the best of our lnformation and according lo the explanations given to us, the aforesaid financialstatements give the information required by the Companies Act, 2013 ("the Act") in the manner so required and give a true and fair view in conformity with the the lndian Accounting Standards prescribed under section 133 of the Act read with the Companies (lndian Accounting Standards) Rules, 2015, as amended, ("lnd AS") and other accounting principles generally accepted in lndia, of the state of affairs of the Company as at 31'r March, 2020, its profit, total comprehensive income and changes in equity and its cash flows for the year ended on that date.

Basis for Opinion

We conducted our audit of the financial statements in accordance with the Standards on Auditing {"SAs") specified under section 143(10) of the Act. Our responsibilities under those sta nda rds are fu rther described in the Auditor's Responsibilities for the Audit of the Fina ncia I Statements section of our re port. We are independent of the Company in accordance with the Code of Ethics issued by the lnstitute of Chartered Accountants of lndia ("lCAl") together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules made thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the lCAl's Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion on the financial statements.

Emphasis of Matter

There was a nationwide lockdown due to COVID-19 pandemic. Since the Company was not operating at si8nificant level, the Company does not see any uncertainty in realizing the carrying amounts of its receivabies and other assets appearing in its Balance Sheet as at 31st March, 2020.

Our report is not modified due to matters referred above

Key Audit Matters

Key a udit matters are those matters that, in our professio nal judgment, were of most significance in our ^aud it of the Sta nda lo ne fina ncial statements of the current pe riod. These matters were addressed in the context of our audit of the Standalone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters- Based on the circumstances and facts of the audit and entity, there are no key audit matters to be communicated in our rep

lnformation Other than the Financial Statements and Audito/s Report Thereon

The Company's Board of Directors is responsible for the other information. The other information comprises the information included in the Management Discussion and Analysis, Board's Report including Annexures to Board's Report, Corporate Governance and Shareholders lnformation, but does not include the financial statements and our auditor's report thereon.

CHARTEBED ACCOUNIANTS AHMEDABAD . MUMBAI ' BANGALORE

MUKESH M. SHAH & CO.

Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

ln connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained during the course of our audit or otherwise appears to be materially misstated.

lf, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Management's Responsibility for the Financial Statements

The Company's Board of Directors is responsible for the matters stated in section 134(5) of the Act with respect to the preparation of these financial statements that give a true and fair view of the financial position, financial performance, changes in equity and cash flows of the Company in accordance with the lnd AS and other accounting principles generally accepted in lndia. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets ofthe Company and for preventing and detecting frauds and other irregularitiesj selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.

ln preparing the financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the Eoin8 concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

Those Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibility for the Audit of the Financial Statements

Our ob.iectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or errot and to issue an audito/s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material il individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with SAs, we exercise professiona ljudgment and maintai skepticism throughout the audit. We also

N.Nu l!

DAC

CHAHTERED ACCOUNTANTS AHMEDABAD ' MUMBAI . BANGALORE MUKESH M. SHAH & CO.

a) ldentify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of interna I control.
b) Obtain an understanding of internal financial control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls system in place and the operating effectiveness of such controls.
c) Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management-
d) Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. lf we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our audito/s report. However, future events or conditions may cause the Company to cease to continue as a going concern.
e) Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

we communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

From the matters communicated with those charged with governance, we determine those matters that were of most siSnificance in the audit of the financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or re8Ulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

Report on Other Letal and Regulatory Requirements

As required by the Companies (Auditor's Report) Order, 2016 (,,the Order,,), issued by the Central Government of lndia in terms of sub-section (11) of section 143 of the Act, we give in the ,,A ^astatement on the matters specified in paragraphs 3 and 4 of the Order, to the extent ap glc,irrqi

As required by Section 143(3) of the Act, we report that

a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit.
b) ln our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books.
c) The Balance Sheet, the Statement of Profit and Loss (including other comprehensive income), the statement of Changes in Equity and the Cash Flow Statement dealt with by this Report are in agreement with the books of account.
d) ln our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.
e) On the basis ofthe written representations received from the directors as on 31't March, 2020 taken on record by the Board of Directors, none of the directors is d isqualified as on 3ln March, 2020 from being appointed as a director in terms of Section 164 (2) of the Act.
f) With respect to the adequacy ofthe internalfinancialcontrolsoverfinancial reporting of the Company and the operating effectiveness of such controls, refer to our separate Report in "Annexure 8".
g) With respect to the other matters to be included in the Audito/s Report in accordance with the requirements of section 197(16) of the Act, as amended, in our opinion and to the best of our information and according to the explanations given to us, no remuneration paid by the Company to its directors during the year.
h) With respect to the other matters to be included in the Auditor's Report in accordance with Rule ¹¹ of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:
i. The Company does not have any pending litigations which would impact its financial position.
ii. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.
iii. There were no amounts which were required to be transferred to the lnvestor Education and Protection Fund by the Company.

Place: Ahmedabad Date: 29th I une, 2020 UDIN : 201026514444429165

For MUKESH M. SHAH & CO., Chartered Accounta nts Firm Registration No.: 106625W

Suvrat 5. Shah Pa rtne r Membership No.: 10265 t

CHARTERED ACCOUNTANTS MUKESH M. SHAH & CO.

AHMEDABAD . MUMBAI. BANGALORE

"Annexuie A" referred to in the lndependent Auditors' Report of even date to the members of AMANI TRADING AND EXPORTS LIMITED on the Financial Statements for the year ended 31't March, 2020.

Based on the audit procedures performed for the purpose of reporting a true and fair view on the financial statements of the Company and taking into consideration the information and explanations given to us and the books of account and other records examined by us in the normal course of audit, we report that:

L (a) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets on the basis of available information.
(b) Some of the fixed assets were physically verified during the year by the management in accordance with programme of verification. According to the information and explanations given to us no material discrepancies were noticed on such verification. ln our opinion, the frequency of verification of the fixed assets is reasonable having regard to the size of the Company and the nature of its assets.
(c) At company does not have any immovable property, this clause is not applicable
(a) The inventories have been physically verified by the management during the year. ln our opinion, the procedures for the physical verification of inventory followed by management are reasonable and adequate in relation to the size of the company and the nature of its business. 2
(b) ln our opinion and according to the information and explanation given to us, the company has maintained proper records of inventory. No material discrepancies were noticed on physical verification of inventory.
The Company has not granted any loans, secured or unsecured, to companies, firms or other parties covered in the register maintained under section 189 of the Companies Act, 2013. Accordingly, clause (iii)(a) and (iii)(b) of paragraph ofthe Order are not applicable to the company for the current year. 3
ln our opinion and according to the information and explanations given to us, in respect of the unsecured loan given and investments made by the Company, the provisions of section 186 of the Act have been complied with. The company has not provided any guarantee or security to which provisions of 185 of the Act is applicable. No loan is given by the company to which provisions of section 185 apply. 4
According to the information and explanation given to us, the Company has not accepted any deposit from the Public within the meaning of the provisions of section 73 to 76 ot any other relevant provisions of the Companies Act, 2013 and the rules framed thereunder. Further, we are informed that no order has been passed by the Company Law Board or National Company Law Tribunal or Reserve Bank of lndia or any other Court or Tribunal, in this regard. 5
ln absence of any manufacturing activity carried out by the company, the requirement of maintenance of cost records under sub section 1 of section 148 of the companies Act, 2013 are not applicable to the Company during the year under audit. 6
1. (a) According to the information and explanations given to us and on the basis of our examination of the books of account, the company has been regular in undisputed statutory dues including Provident Fund, Employees'State lnsur

tax, Sales-tax, Goods and Services tax, Service tax, Custom duty, Excise duty, Value added Tax, Cess and any other material statutory dues, wherever payable have been paid during the year with the appropriate authorities. Moreover, as at 31't March, 2020, there are no such undisputed dues payable for a period of more than six months from the date they became payable.

(d) (b) According to the information and explanations given to us, there is no due under dispute for the lncome Tax, Sales Tax, Value added Tax, Excise Duty and Service Tax, GST and other materialstatutory dues as at 31st March, 2020.
8 ln our opinion and according to the information and explanations given to us and on the basis of our examination of the books of account, the Company has not defaulted in repayment of loans or borrowings from any financial institution, banks, government or due to debenture holders during the year.
1. The Company did not raise any money by way of initial public offer or further public offer (including debt instruments). The Company has not availed any term loans during the year.
1. According to the information and explanations given to us, no fraud by the Company or on the Com pany by its officers or em ployees has been noticed or reported during the course of our audit.
L7. According to the information and explanations given to us and on the basis of our examination of the books of account, no managerial remuneration has been paid or provided by the Company during the year.
L2. ln our opinion and according to the information and explanations given to us, the Company is not a nidhi company. Accordingly, paragraph 3(xii) of the Order is not applicable to the Company.
1. According to the information and explanations given to us and based on our examination of the records of the Company, transactions with the related parties are ln compliance with section 177 and 188 of the Act where applicable and details of such transactions have been disclosed in the financialstatements as required by the applicable accounting standards.
1. According to the information and explanations give to us and based on our examination of the records of the Company, the Company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures durint the year.
1. According to the information and explanations given to us and based on our examination of the records of the Company, the Company has not entered into nonrash trdnsactions with directors or persons connected with him. Accordingly, pangraph 3(xv) of the Order is not applicable to the Company.
L6. ln our opinion and according to the information & explanation given to us, the company is not required to be registered under section 45-lA of the Reserve Bank of lndia Act, 1934.

Place:Ahmedabad Date: 29th June, 2O2O UDIN : 20102651AAAAA29165

For MUKESH M. SHAH & CO., Chartered Accountants Firm Registration No.: 106625W

Suvrat S. Shah Partner Membership No.: 102651

,,ANNEXURE B" TO THE AUDITORS' REPORT

Report on the lnternal Financial Control clause (i) of sub-section 3 of section 143 of the Companies Act, 2013 ("the Act")

CHARTERED ACCOUNTANTS AHMEDABAD. MUMBAI. BANGALORE

MUKESH M. SHAH & CO.

We have audited the internal financial controls over financial reporting of AMANI TRADING AND EXPORTS LIMITED ("the company") as of March 31,2020 in conjunction with our audit of the financial statements of the Company for the year ended on that date.

Management Responsibility for lnternal Financial Controls

The Board of Directors of the Company is responsible for establishing and maintaining internal financial control based on the internal control over financlal reporting criteria established by the company considering the essential components of internal control stated in the Guidance Note on audit of lnternal Financial Controls over Financial Reporting issued by the lnstitute of Chartered Accountants of lndia IICAI]. These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to company's policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Act.

Auditors' Responsibility

Our responsibility is to express an opinion on the company's internal financial controls over financial reporting based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of lnternal Financial Controls Over Financial Reporting (the "Guidance Note") and the Standards on Auditing, issued by lCAl and deemed to be prescribed under section 143(10) of the Act, to the extent applicable to an audit of internalfinancial controls, both applicable to an audit of Internal Controls and, both issued by the lCAl. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal flnancial controls over financial reporting was established and maintained and if such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial control system over financial reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an understanding of lnternal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor's Judgement, including the assessment of the material misstatement of the financial statements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the company's internal financial controls system over financial reporting.

Meaning of lnternal Financial Controls Over Financial ReportinB

A company's internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. ^A

com pany's interna I financial contro I over fina ncia I reporting includes those policies a nd proced ures that: ^lpertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company;
1. provide reasonable assurance that transactions are recorded as necessary to per r,:lilwJI' of financial statements in accordance with generally accepted accounting prin

CHARTERED ACCOUNTANTS MUKESH M. SHAH & CO.

AHMEOAEAD ' MUMSAI. BANGALORE

receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and

provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financialstatements.

Inherent limitations of lnternal Financial Controls Over Financial Reporting

Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur a nd not be detected. Also, projections of any evaluation of the internal financia ^I controls over financial reporting to future periods are subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Opinion

ln our opinion, the Company has, in all material respects, an adequate internal financialcontrols system over financial reporting and such internal financial controls over financial reporting were operating effectively as at March 37, 2Q2Q, based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the lnstitute of Chartered Accountants of lndia.

Place: Ahmedabad Date: 29th.lune, 2O2O UDIN: 20102651AAAAA29165

For MUKESH M. SHAH & CO., Cha rtered Accountants Firm Registration No.: 106525W

Suvrat 5. Shah Partner Membership No.:102651

Balance Sheet as at March 31, 2020
Particulars	Note	Amt. in Rs.
	No.	As at March 31
		2020	2019
ASSETS: Non-Current Assets:
Property, Plant and Equipment	3	2362	2 3 6 2
Financial Assets:
Investments	4	128 000	4 88 000
Other Financial Assets	5	1.48 57 530	15101487
Assets for Current tax [Net]	6	147068 15134960	121841 157 13 690
Current Assets:
Financial Assets:
Trade Receivables	7	4 56 122	69 06 500
Cash and Cash Equivalents	8 9	39 49 6 62 647	141902 63 303
Other Current Assets		558265	71 11 705
Fotal		15693225	2 28 25 395
EQUITY AND LIABILITIES:
Eaulty:
Equity Share Capital	10	69 97 000	69 97 000
Other Equity	$\overline{\mathbf{11}}$	86.43.097	71 62 740
		15640097	14159740
Non-Current Llabilities: Deferred Tax Liabilities [Net]	12	Ä,

Current Liabilities:
Financial Liabilities:
Trade Pavables	13.
Total Outstanding dues of Micro and Small Enterprises
Total Outstanding dues of creditors other than Micro and Small Enterprises		19778	86 34 055
Other Financial Liabilities	14	33 350	31 600
		53 128	86 65 655
Total		15693225	22825395
Significant Accounting Policies	$\mathbf{Z}$
Notes to the Financial Statements	1 to 28
As per our report of even date	For and on behalf of the Board
For Mukesh M. Shah & Co.,
Chartered Accountants
SHa Firm Registration Number: 106625W
Sohit D. Mehta 11.11199	Keyur J. Parikh
Company Secretary Chambers.	Chairman
Nabia Raga.	DIN: 00196455
Ambawadi et-certaing
Northansal Suvrat S. Shah
Navinchandra J. Bhaysar Partner	Jainik G. Shah
Chief Financial Officer Membership Number: 102651	Director DIN: 06633834

ä,

Ahmedabad, Dated: 29th June, 2020

it
Li

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AMANI TRADING AND EXPORTS LIMITED Statement of Profit and Loss for the year ended March 31, 2020
Particulars	Note	Amt. in Rs.
	No.	Year ended March 31
		2020	2019
Revenue from Operations Other Income Total Income	16 17	3 99 529 28 41 163	2 13 45 689 10 85 481
EXPENSES:		32 40 692	2 24 31 170
Purchases of Stock-in-Trade	18	$-4117$	2 13 23 394
Employee Benetits Expense	19	270 360	270360
Finance Cost Other Expenses	20	1422	1984
Total Expenses	21	873708	976780
Profit/(Loss) before Tax		1141373 20 99 319	2 25 72 518 - 141348
Less: Tax Expense:
Current Tax	22	6 18 962	80 255
Deferred Tax	22		$-679$
Tax adjustment for earlier years	22		24 874
		618962	TUA 490
Profit/(Loss) for the year Other Comprehensive Income for the year [Net of tax]		14 80 357	$-245798$
Total Comprehensive Income for the year [Net of Tax]		14 80 357	$-245798$
Basic & Diluted Earning Per Equity Share [EPS] [in Rupees]	23	2.12	(0.35)
Significant Accounting Policies	$\mathbf{z}$
Notes to the Financial Statements	1 to 28
As per our report of even date		For and on behalf of the Board
For Mukesh M. Shah & Co., Chartered Accountants
Firm Registration Number: 106625W Heišta
Chambers, Sohit D. Mohto	Keyur J. Parikh
Nomu liacar. Company Secretary Ambawadi \hmadabad-15	Chairman DIN: 00156455
NHOLONOU Suvrat S. Shah
Navninchandra J. Bhaysar Partner	↑ β ) Jainik G. Shah
Chief Financial Officer Membership Number: 102651	Director
	DIN: 06633834
Ahmedabad, Dated: 29th June, 2020		Ahmedabad, Dated: 29th June, 2020

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	AMANI TRADING AND EXPORTS LTD.
	Statement of Change in Equity for the year ended March 31, 2020
a Equity Share Capital:
Equity Shares of INR 10/- each, Issued, Subscribed and Fully Paid-up:					No. of Shares	Amt. in Rs.
As at March 31, 2019					6 99 700	69 97 000
As at March. 31, 2020					699700	69 97 000
b Other Equity:

	Capital Reserve 2019-20	2018-19	Retained Earnings 2019-20		Total
Balance at the beginning of the year	5 000	5000	7157740	2018-19 74 03 538	2019-20	2018-19
Add: Profit/(Loss) for the year			14 80 357	$-245798$	71 62 740	74 08 538
Other Comprehensive Income for the year					14 80 357	$-245798$
Balance at the end of the year	5000	5000	86 38 097	71 57 740	86 43 097	71 62 740
As per our report of even date
					For and on behalf of the Board
For Mukesh M. Shah & Co.
Chartered Accountants				3e/2ville
Firm Registration Number: 106625W	Sohit D. Mehta
	Company Secretary			Keyur J. Parikh Chairman
Nat 1366 Crambels.				DIN: 00156455
nahia Negar. Ambawadi n
inmeðauð 15.	NH3havas
Suvrat S. Shah	Navinchandra J. Bhavsar			Jainik G. Shah
Partner	Chief Financial Officer			Director
Membership Number: 102651				DIN: 06633834
Ahmedabad, Dated: 29th June, 2020					Ahmedabad, Dated: 29th June, 2020

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AMANI TRADING AND EXPORTS LTD. CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2020

$\overline{a}$

$\cdot$

$\hat{\mathbf{r}}$

$\bar{\mathcal{A}}$

$\sim 10^7$

PARTICULARS			Year ended on March 31,	(Amount in Rs.)
	2020 Ŧ		2019
(A) ICASH FLOW FROM OPERATING ACTIVITIES
PROFIT/(LOSS) BEFORE TAX, EXCEPTIONAL AND EXTRA ORDINARY ITEMS (NET) Less:		20 99 319		$-141348$
Gain/(Loss) on FVTPL investments Fixed asset written off	- 3 60 000		$-540000$ $-275$
Sundry balances written off [Net]	1751115		$-211$
Excess provision of expenses W/back			3642
Interest income	10 90 048	24 81 163	1081839	544 995
OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES		$-381844$		$-686343$
Add / (Less) :
Decrease/(Increase) in Current Assets	656		$-63.514$
Decrease/(Increase) in Sundry Debtors	4 26 851		$-882973$
Increase/(Decrease) in Trade Payables Increase/(Decrease) in Current Liabilities	$-839636$		859414
CASH GENERATED FROM OPERATIONS	1.750	- 4.10 379 $-7.9223$	2163	. 84910 $-771253$
Less:
Tax paid	$-6.44$ 189	$-644189$	- 1 64 134	- 1 64 134
NET CASH INFLOW FROM OPERATING ACTIVITIES		- 1436411		- 9 35 387
		71.
(B) CASH FLOW FROM INVESTING ACTIVITIES
Decrease/(Increase) in loans to companies and others	243957		- 1 48 655
Interest received	1090048	13 34 005	1081839	933 184
NET CASH FLOW FROM INVESTING ACTIVITIES		13:34:005		933 184
(C) CASH FLOW FROM FINANCING ACTIVITIES
Net Cash Inflow / (Outflow) from Financing Activities	. $\sim$	þ. $\mathbb{Z}^2 \rightarrow \mathbb{Z}^2$ .	×.	p.
TOTAL CASH INFLOW (A + B + C)		- 1 02 4 06		$-2203$
CLOSING BALANCE OF CASH AND CASH EQUIVALEN IS	39496		141902
OPENING BALANCE OF CASH AND CASH EQUIVALENTS	141902	$-102406$	144.105	$-2203$

Cash and cash equivalents at the end of the year consist of cash on hand and balance with banks as follows: Details of Cash & Cash Equivalents			(Amount in Rs.)
			As at March 31,
			2020	2019
Balances with banks in current accounts			38 099	138350
Cash on hand			1397	3552
Cash and Cash Equivalents as per Note No. 8			39 4 9 6	141902
Notes: Cash and cash equivalents presented in Cash Flow Statements consists of Cash on hand and unencumbered, highly liquid bank 1
balances.
The above cash flow Statement has been prepared as per the "Indirect Method" set out in the Indian Accounting Standard (Ind AS) - 7
"Statements of Cash Flow".
As per our report of even date attached
	Sohit D. Mehta		Kevur J. Parikh
For Mukesh M. Shah & Co.	Company Secretary		Chairperson
Chartered Accountants Firm Registration No.: 106625W			DIN: 00456455

. Heritage
	NH3havsax
Chaine Pt 1. iletuu tiegat,
Ambawadi.	Navinchandra J. Bhavsar		Jainik G. Shah
∖lim edabe¤ 15	Chief Financial Officer		Director
			DIN: 06633834
Suvrat S. Shah PARTNER M.No.: 102651 Ahmedabad	Ahmedabad

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Note: 1 - Corporate lnformation

Amani Trading and Exports Limited is engaged in trading and allied activities in cotton textile products and intermediaries.

The mmpany is a public company domiciled in lndia and is incorporated under the provisions of the Companies Act, 1956 (now Companies Act, 2013) (the Act). lts shares are listed on the Bombay Stock Exchange (BSE Limited) in lndia. The registered oflice of the company is located at 32, Milanpark Society, Near Jawahar Chowk, Maninagar, Ahmedabad - 380 008.

The flnancial statements for the-year ended 31d March, 2020 were authorised for issue in accordance with a resolution ofthe direclors on 29'' June, 2020.

Note: 2 - Significant Accounting Policies:

The following note provides list ofthe signilicant accounting policies adopted in the preparation ofthese linancial stalements.

These poliDies have been consistenlly applied to all the years presented unless otheMise stated.

1 Basis of preparation:

A The financial statements have been prepared in accordance with lndian Accounting Standards (lnd AS) notified under the Companies (lndian Accounting Standards) Rules, 2015. as amended and other relevant provisions of the Companies Act, 2013.
B The financial statements have been prepared on historical cost basis, except for the following assets and liabilities which have been measured at fair value or revalued amount:
i Derivativefinancialinstruments
ii Certain financial assets and liabilities measured at fair value (refer accounting policy regarding financial instruments)
iii Deflned benefit plans
iv Certain items of Property, Plant and Equipment

2 Use of Estimates:

The preparation of the financial statements in conformity with lnd AS requires management to make estimates, judgments and assumptions. These estimates, judgments and assumptions affect the application of accounting policies and the reported amounts of assets and liabililies, the disclosures of contingent assets and liabilities at the date ofthe financial statements and reported amounts of income and expenses during the period. Application of accounting policies that require critical accounting estimates involving complex and subjeclive judgments are provided below.

Accounting estimates could change from period to period. Actual results could differ from those estimates-Appropriale changes in estimates are made as management becomes aware of changes in circumstances sunounding the estimates. Changes in estimales are reflecled in the financial statements in the period in which changes are made and, if material, their effects are disclosed in the notes to the financial statements.

Critical estimates and judgments

a lncome Taxes:

Significant judgments are involved in determining the provision for income taxes, including amount expecied to b€ paid/ recovered for uncertain tax positions, and in estimation of defened tax asset or liability.

b Property, plant and equipment:

Property, plant and equipment represent a significant proportion of lhe asset base of the Company. The charge in respect of periodic depreciation is derived ater determining an estimate of an asset's expected useful life and the expected residual value at the end of its life. Management reviews the residualvalues, useful lives and methods ofdepreciation of property, plant and equipment at reasonable intervals and any revision to these is recognised pros@tively in cunent and future periods. The useful lives are based on historical experience with similar assets as well as anticipation of future events, which may impacl their life, such as changes in technology.

Significant.iudgment is involved in determining the estimated future cash llows and/or net realisable value from the Property, Plant and Equipment to determine its value in use to assess whether there is any impairment in its carrying amount as reflected in the tinancials.

c Employee Benefits:

Signific€nl judgments are involved in making estimates about the life expectancy, discounting rate, salary increase, etc. which significantly affecl the working of the present value of future liabilities on account of employee benefts by way of delined benelit plans.

3 Functional & Presentation Currency:

A The Company's financial stalements are presented in lndian Rupees (lNR), which is the functional and presentation currency.

Revenue Recognition: 1

A Revenue is recognised to the exlent that il is probable that the economic benerits will flow to the Company and the revenue can be reliably measured, regardless of when the payment is being made. Revenue is measured at the fair value of the consideration received or receivable, taking into account contractually defined terms of payment and excluding taxes or duties collected on behalf of the government and are shown net of retums, trade allowances, rebates, volume discounts and value added taxes.

B GST is not received by the Company on its own account, but is tax collected on value added to the Goods / Services by the Company on behalf of the govemment. Accordingly, it is excluded ftom revenue.
C For revenue to be recognised, the following specific recognition criteria for each types of revenue must be satisfied:

Sale of Goods: a

Revenue from the sale ofgoods is remgnised when the significant risks and rewards ofownership of the goods have passed to the buyer, usually on delivery of the goods. Revenue from the sale ofgoods is measured at the fair value ofthe consideration received or receivable, net of retums, trade allowances, rebates, volume discounts and GST.

The goods are often sold with volume discountvpricing incentives and customers have a right to return defective products. Revenue from sales is based on the price in the sales contracts, net of discounts. Historical experience is used to estimate and provide for customer claims. No element of financing is deemed presenl as lhe sales are made with the normal credit terms as per prevalent trade practice and credit policy followed by the Company.

b lnterest lncome:

Foralldebt instrumenls measured at amortized cosl, interest income is recorded using the effective . interest rale (ElR). EIR is the rate that exactly discounts the estimated future cash payments or receipts over the expected life ofthe financial instrument or a shorter period, where appropriate, to the gross carrying amount of the financial asset or to the amortized cost of a financial liability. When calculating the effective interest rate, the Company estimates the expected cash flows by considering allthe contractualterms of lhe fnancialinstrument but does notconsiderthe expected credit losses.

Other lncome: c

Other income is recognised when no significant unce(ainty as to its determination or realisation exists.

5 Taxes on lncome:

Tax expenses comprise of current and deferred tax.

A Current Tax:

a Currenl tax is measured at the amount expected to be paid on the basis of reliefs and deductions available in accordance with the provisions of the lncome Tax Act, 1961. The lax rates and tax ' laws used to compute the amounl are those that are enacted or substantively enacted, at the reporting date.
b Current tax items are recognised in correlation to the undedying transaction either in Statement of Profit and Loss, Other Comprehensive lncome (OCl) or directly in equity.

B Deferred Tax:

a Deferred tax is provided using the liability method on temporary differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes at the repo(ing date.
b Dererred tax liabilities are recognised for all taxable temporary differences.
c Deferred tax assets are recognised for all deduclible temporary differences and carry forward of unused tax losses.

Defened tax assets are recognised to the extent that it is probable that taxable prolit will be available against which the deduc{ible temporary differences and carry forward of unused tax losses c€n be utilized.

d The carrying amount of defered tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable protit will be available to allow all or part of the defened lax asset to be utilized. Unrecognised deferred tax assets are re-assessed at each reporting date and are recognised to the extent that it has bemme probable that future taxable profits will allow the deferred tax asset to be recovered.
e Deferred tax assets and liabilities are measured at the tax rates (and tax laws) that have been enacled or substantively enacled at the reporting date and are expecled to apply in the yearwhen the asset is realised or the liability is settled.
f Defened tax items are recognised in mrrelation to the underlying transaclion either in Statement of Profit and Loss, Other Comprehensive lncome (OCl) or directly in equity.
g Defened tax assels and deferred tax liabilities are offset ifa legally enforceable right exists to set off current tax assets against current lax liabilities.

6 Property, Plant and Equipment:

A Property, Plant, and Equipment are stiated at historical cost of acquisition less accumulated depreciation and impairment loss, if any. Historical cost (Nel of input tax credit received / rec€ivable) includes relaled expenditure and pre-operative & project expenses for the period up to completion of construction / up to the date of asset being ready for its intended use, if recognition criteria are met and the present value of the expected cost for the decommissioning of an asset aner its use is induded in the cost of the respec{ive assel if the recognition criteria for a provision are mel. On fansition to lnd AS as on 1st April, 2016, the Company has elected to measure its Proper9, Plant and Equipment at carrying value as per previous GAAP.

Subsequent costs are included in the asset's carrying amount or recognised as a separale asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amounl of any component accounted for as a separate assel is derecognised when replaced. All other repairs and maintenance are charged to the Statement of Profit and Loss during the reporting period in which they are incurred.

B Depreciation on tangible assets is provided on 'Written down value melhod", Useful life of tangible fixed assets are as per prescribed in Schedule-ll ofthe companies Act,2013.

The management believes that these estimated useful lives are realistic and reflect fair approximation of the period over which the assets are likely to be used. However, management reviews the residual values, useful lives and methods of depreciation of property, plant and equipment at reasonable intervals. Any revision to these is recognized prospectively in cunent and future periods.

C Depreciation on impaired assets is calculated on its reduced value, if any, on a systematic basis over its remaining useful life.

D Depreciation on additions/ disposals of the Property, Plant & Equipments during the year is provided on pro-rata basis according to the period during which assets are used.
E An item of property, plant and equipment and any significant part thereof initially remgnised is derecognised upon disposal or when no future economic beneltts are expected from its use or disposal. Any gain or loss arising on de-remgnition of the asset (c€lculated as the difference between the net disposal proceeds and the c€rrying amount of lhe asset) is included in the Statement of Profit and Loss when the asset is derecognised.

7 Bonowing Costs:

A Borrowing costs consist of interest and olher bonowing costs that are incurred in connection with the borrowing of funds. Other borrowing costs include ancillary charges at the time of acquisition of a financial liability, which is recognised as per EIR method. Borrowing costs also include exchange differences to the extent regarded as an adjustment to the borrowing costs.
B Borrowing costs that are direclly attributable to the acquisilion / construction of a qualirying asset are c€pitalised as part of the cost of such assets, up to the date the assets are ready for their intended USE,
C For capitalization of eligible borrowing costs which are not sp€cifically attributable to the acquisition, construclion or produc{ion of a particular qualifying asset, a weighled average capitalization rale is applied for all the eligible assets.

The weighted average rate is taken ofthe bonowing costs applicable to the outstanding bonowings of the company during the period, other than bonowings made specifically for the purpose of obtaining a qualirying asset.

8 lmpairment of Assets:

The carrying amounts of Property, Plant and Equipments are reviewed at each balance sheet date if there is any indication of impairment based on intemal/external factors. An impairment loss is remgnized wherever the carrying amount of an asset exceeds its recoverable amount. The recoverable amounl is the grealer of the asset's net selling price and value in use. ln assessing value in use, the Company measures it on the basis of discounted estimaled cash flows for the remaining years (remaining useful life). Assessment is also done at each Balance Sheet date as to whether there is any indication that an impairment loss recognized for an asset in prior accounting periods may no longer exist or may have decreased. After impairment, deprecialion is provided on the revised carrying amount of the asset over its remaining useful life.

9 lnventories:

A lnventories are valued atthe lov',/er of cost and net realisable value. Net realisable value is the estimated selling price in the ordinary course of business, less estimated costs of completion and the estimated costs necessary to make the sale.
B Costs (net of input credit of GST) comprises all cost of purchase, cost of conversion and other cosls incurred in bringing inventories to their present locetion and condition. Cost formulae used ale "First ln First Out", "weighted Average Cosl", or "Specific ldentitication" as applicable.
C Write down of inventories to net realisable value is recognised as an expense and included in "Changes in lnventories of Stock-in-Trade" in lhe Statement of Profit and Loss.

10 Cash and Cash Equivalents:

Cash and Cash equivalents for the purpose ofCash Flow Statement comprise cash and cheques in hand, bank balances, demand deposits with banks where the original maturity is three months or less and other short term highly liquid investments.

l'l Proyisions, Contingent Liabilities, Contingent Assets and Commitrents:

A Provisions are recognised when the Company has a present obligation as a result of past events and it is probable that the outflow of resources will be required to settle the obligation and in respect of which reliable estimales can be made.

\ryhen the mmpany expecis some or allofa provision to be reimbuGed, forexample, underan insurance contract, the reimbursement is remgnised as a separate asset, but only when the reimbursement is virtually certain. A disclosure for contingent liability is made when there is a possible obligation, that may, but probably will not require an outflow of resources. Vvhen lhere is a possible obligalion or a present obligation in respect of which the likelihood of outflow of resources is remote, no provision / disclosure is made. Contingent assets are not recognised but are disclosed separately in the financial statemenls. Commitments include the amount of purchase order (net of advances) issued to parties for completion of assets. Provisions, contingencies and commitments are reviewed at each balance sheel date end adjusted to rellec{ the conecl management estimates. Contingent assets are not recognised but are disclosed separately in financial statements.

B lf the effect of the time value of money is material, provisions are discounted using a curent pre- tax rate that rellects, when appropriate, the risks specific to the liability.

l2 Employee Benefits:

A Short term obligations:

Liabilities for wages and salaries, including leave encashments that are expected to be settled wholly within 12 months afler the end of the period in which the employees render the related service are recognised in respect of employees' services up to the end ofthe reporting period and are measured by the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit obligations in the balance sheet.

B Long t6rm Employee banefits obligations:

a Detined Benefit Plans:

i Gratuity:

Liability of gratuity is determined as per the provision of Gratuity Acl who have compleled the requisite period for being eligible for Retirement benefits under the payment of Gratuity Ad, 1972.

ii Provident Fund:

Provision of The Employees' Providenl Funds and Miscellaneous Provisions Ac{, 1952 are not applicable to the company.

Leave Encashment:

Provision tor leave encashment is made on accrual basis for accumulated leave hat employees c€n encash in future.

l3 Financiallnstruments:

A financial inslrument is any conlract that gives rise to a financialasset ofone entity and a tinancial liability or equity instrument of another enlity.

A Financial assets:

a lnitial recognition and measurement:

All Iinancial assets are recognised initially at fair value plus in the case of tinancial assels not recorded at fair value through profit or loss, transaclion costs that are atlributable to the acquisilion of the financial asset. Purchases or sales offinancial assets that require delivery of assels wilhin a time frame established by regulation or convention in the market place (regular way trades) are recognised on the settlement date, i.e., the date that the Company settles to purchase or sell the asset.

b Subsequentmeasurement;

For purposes ofsubsequent measurement, financialassets are classilied in following categories:

i Financial Assets at amortized cost:
A'financial asset'is measured atthe amortized cost if both the following conditions are met:
The asset is held with an objeclive of collecting contraclual cash flows.
Contractual lerms oI the asset give rise on specified dates to cash llows that are "solely payments of principal and interest" (SPPI) on the principal amount outstanding.

After initial measurement, such financial assets are subsequently measured at amortized cost using the effective interest rate (ElR) method, Amortized cost is calculated by taking into ac@unt any discounl or premium on acquisition and fees or costs that are an integral part of the ElR. The EIR amortisation is included in finance income in the Slatement of Profit and Loss. The losses arising from impairment are recognised in the Statement of Profit or Loss. This category generally applies to trade and other receivables.

ll Financial Assets at fair value through other comprehensive income (FVTOCI):

A'financial assel'is classified as at the FVTOCI if both of the following criteria are met:

The asset is held with objective ofboth for collecting contrac{ualcash flows and selling the flnancial assets.
The asset's contractual cash flows represent SPPI.

Financial Assels included within the FVTOCI category are measured initially as well as at each reporting date at fair value. Fair vaiue movements are recognized in the OCl. However, the Company recognizes interest income, impairment losses and reversals and foreign exchange gain or loss in the Statement of Proltt and Loss. On derecognition of the asset, cumulative gain or loss previously recognised in OCI is reclassafed ftom lhe equity to Statement of Profit and Loss. lnterest eamed whilst holding FWOCI financial asset is reported as interest income using the EIR method.

iii Financial Assets and derivatives at fair value through profit or loss (FVTPL):

FWPL is a residual category for financial assets. Any fnancial asset, which does not meet the criteria for categorization as at amortized cost or as FVTOCI, is classitied as at FWPL.

Assets included within the FWPL category are measured at fair value with all changes recognized in the Statement of Profit and Loss.

c Derecognition:

A financial asset (or, where applicable, a part ofa financial asset) is primarily derecognised when

i The right to receive cash flows from the assel has expired, or
ii The Company has transferred its right to receive cash flo\/s from the asset or has assumed an obligation to pay the received cash flows in fullwithout material delay to a third party under a 'pass-through' arrangement and either (a) the Company has lransferred substantially all the risks and rewards of the asset, or (b) the Company has neither transferred nor retained substantially all the risks and rewards of the asset, but has transfened control oflhe asset.

When the Company has transferred its right to receive cash flows from an asset or has entered into a pass{hrough anangement, it evaluates if and to what extent it has retained the risks and rewards of ownership. When it has neither transferred substantially all of the risks and rewards of the asset, nor lransferred control of the asset, the Company continues lo recognise the lransferred asset to the extent of the Company's continuing involvement. ln that case, the Company also re@gnises an associated liability. The transfered asset and the associated liability are measured on a basis that reflects the rights and obligations that the Company has retained. When the Company has transferred the risk and rewards of ownership of the tinancial asset, the same is derecognised.

d lmpairment of financial assets:

ln accordance with lnd AS 109, the Company applies epected credit loss (ECL) model for measurement and recognition of impairment loss on the following financial assets and credit dsk exposure:

a Financial assets that are debt instruments, and are measured at amortized cost.
b Trade receivables or any contractual right to receive cash or another financial asset.
c Financial assets that are debt instruments and are measured as at FVTOCI.

The Company follows 'simplified approach' for recognition of impairment loss allowance on Point ..c" provided above. The application of simplified approach does nol require the Company to track changes in credit risk. Rather, it requires the company to recognise the impairment loss allowance based on lifetime ECLS at each reporting date, right fom its initial recognition. For recognition of impairment loss on other financial assets and risk exposure, the Company determines that whether there has been a signilicant increase in the credit risk since initial recognition. lf credit risk has not inc.eased significantly, 12-month ECL is used to provide for impairment loss. However, if credit risk has inffeased significantly, lifetime ECL is used. lf, in a subsequent period, credit quality of the instrumenl improves such that there is no longer a significant increase in credit risk since initial recognilion, then the entity reverts to recognising impairment loss allowance based on 12-month ECL.

Lifelime ECL are the expecled credit losses resulting tom all possible debult events over the expected life of a Iinancial instrument. The 12-month ECL is a porlion of the lifetime ECL which results from default events that are possible within '12 months afler the reporting date.

ECL is the difierence between all contractual cash fows that are due to the Company in accordanc€ with the contract and allthe cash flows that the entity expects lo receive (i.e., all cash shortfalls), discounted at the original ElR. ECL impairment loss allowance (or reversal) recognized during the period is recognized as income / expense in the Statement of Profit and Loss. The balance sheet presentation for various financial inslruments is described below:

a Financial assets measured as at amortized cost and @nlractual revenue receivables: ECL is presented as an allowance, i.e.. as an integral part of lhe measurement of lhose assets in the balance sheet, which reduces the net c€rrying amount. Until the asset meets write.off criteria, the Company does not reduce impairment allowance fom the gross carrying amount.
b Financial guarantee conlracts: ECL is presented as a provision in the balance sheet, i.e. as a liability.

For assessing increase in credit risk and impairmenl loss, the Company combines flnancial instruments on the basis of shared credit risk characteristics.

B Financialliabilities

lnitial recognition and measurement: a

Financial liabilities are classified, at initial recognition, as tinancial liabilities at Iair value through profit or loss, loans and bonowings, payables, oras derivatives designated as hedging instrurnents in an effective hedge, as appropriate. All financial liabilities are recognised initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaclion costs.

b Subsequentmeasurement:

Subsequently allfinancial liabilities are measured as amortized cost except for financial guarantee contracts, as described below:

i Loans and borrowinga:

After initial recognition, interest-bearing loans and bonowings are subsequently measured at amortized cost using the EIR method. Gains and losses are recognised in Statement of Profit or Loss when the liabilities are derecognised as well as through the EIR amortisation process. Amortized cost is calculated by taking into account any discounl or premium on acquisition and fees or costs thal are an integral part of the ElR. The EIR amortisation is included as finance costs in the Statement of Profit and Loss.

Derecognition: c

A financial liability is derecognised lvhen he obligation underthe liability is discharged or cancelled or expires. When an existing fnancial liability is replaced by another from the same lender on substantially different terms, or the terms ofan existing liability are substantially modified, such an exchange or modification is treated as the derecognition ofthe original liability and the recognition of a new liability. The difference in the respective carrying amounts is recognised in the Statement of Profit or Loss.

C Reclassification of financial asseE:

The Company determines classification of financial assets and liabilities on initial recognition. Affer initial recognition, no reclassification is made for financial assets which are equity instruments and llnancial liabilities. Fo( flnancial assets which are debl instruments, a reclassilic€tion is made only if there is a change in the business model for managing those assets. Changes to the business model are expected to be infrequent. The Company's senior management determines change in the business model as a result of external or internal changes which are significant to the Company's operations. lf the Company reclassifies llnancial assets, it applies the reclassification prospectively from the reclassilication date which is the first day of the immediately next reporting period following the change in business model as per lnd AS - 109.

D Offsetting of financial instruments:

Financial assets and financial liabilities are offset and the net amount is reported in the balance sheet ifthere is a currently enforceable legal right to offset the recognised amounts and there is an intention to settle on a net basis, to realise the assets and settle the liabilities simultaneously.

'14 Derivative Financial lnstruments:

Oerivatives are recognized initially at fair value and subsequently at fair value through profit and loss.

15 Earnings per Share:

Basic earnings per share are calculaled by dividing the net profit or loss (excluding other comprehensive income) for the year attributable to equity shareholders by the weighted average number of equity shares outstanding during the year. The weighted average number of equity shares outstanding during the year is adjusted for events such as bonus issue, bonus elemenl in a right issue, shares split and reverse share splits (consolidation of shares) that have changed the number of equity shares outstanding, without a crrresponding change in resources. For the purpose of calculating diluted eamings per share, the net proft or loss (excluding other comprehensive income) for the year attributable to equity shareholders and the weighted average number of shares oulstanding during the year are adjusted for the effecls of all dilutive potential equity shares.

Note - 3 : Changes in Accounting Standards and other recent accountlng pronouncements yet not effective:

There are no changes in Accounting Standards or olher accounting pronoun@ments which are yet not effeciive as at March 31,2O2O.

AMANI TRADING AND EXPORTS LIMITED
Notes to the Financial Statements
Note: 3-Property, Plant & Equipment:				Amt. in Rs.
		Vehicles	Office Equipment	Total
Gross Block:		4665	47 250	51915
As at March 31, 2018 Additions
Disposals / Adjustment		(4.665)		(4,665)
As at March 31, 2019 Additions		$\overline{a}$	47 250	47 250
Disposals / Adjustment
As at March 31, 2020		$\blacksquare$	47 250	47 250
Depreciation and Impairment: As at March 31, 2018		4665	44888	49 5 53
Depreciation for the year
Disposals / Adjustment		(4,665)	44 888	(4,665) 44888
As at March 31, 2019 Depreciation for the year
Disposals / Adjustment		$\blacksquare$
As at March 31, 2020 Net Block:		$\blacksquare$	44888	44 888
As at March 31, 2018			2362	2362
As at March 31, 2019			2362 2362	2362 2362
As at March 31, 2020
	Face	Nos.	Amt. in Rs.
	Value		As at March 31 2020	2019
Note: 4-Investments [Non-Current]:
Investments - Others:
Investments in Equity Instruments			1 28 000 1 28 000	4 88 000 488000

Details of Investments - Others (Valued at fair value through P&L):
Investment in Equity Instruments [Quoted]: In fully paid-up Equity Shares of Ashima Limited	Rs. 10	40,000	128 000	4 88 000
Total [Aggregate Book Value of Investments]			1 28 000	4 88 000

i Aggregate book value of quoted investments а ii Market value of quoted investments			1 28 000 1 28 000	4 88 000 488000
Aggregate book value of unquoted investments b

Note: 5-Other Financial Assets: [Unsecured, Considered Good]
Loans and advances to parties other than related parties *			14857530	15101487
Total			1 48 57 530	1 51 01 487
* Loans and advances have been given for business purpose Note: 6-Current Tax Assets [Net]:
Advance payment of Tax [Net of provisions for taxation of Rs.6,18,962/- ([as at March 31, 2019 - Rs.80,255)]			1 47 0 68	1 21 841
Total			147068	121841
Note: 7-Trade Receivables:
[Unsecured, Considered Good]
From other than related parties Total			4 56 122 4 56 1 22	69 06 500 69 06 500

Note: 8-Cash and Cash Equivalents: Balances with Banks in current account			38 099	138350
Cash on Hand			1 3 9 7	3552
Total			39 496	141902
Note: 9-Other Current Assets:
[Unsecured, Considered Good]
Balance with Statutory Authorities			62 130	62574
Prepaid Expenses Total			517 62 647	729 63 303

$\bar{z}$

$\ddot{\phantom{a}}$

	AMANI TRADING AND EXPORTS LIMITED
	Notes to the Financial Statements				Amt. in Rs.
					As at March 31
Note: 10-Equity Share Capital:				2020	2019
Authorised Capital: 7,50,000 Equity shares of Rs.10/- each				75 00 000	75 00 000
[as at March 31, 2019: 7,50,000 equity shares]				75 00 000	75 00 000
Issued, Subscribed and Paid-up: 6.99.700 Equity shares of Rs.10/- each, fully paid-up [as at March 31, 2019: 6.99.700 equity shares]				69 97 000	69 97 000
Total The reconciliation in number of shares is as under: A				69 97 000	69 97 000
Number of shares at the beginning of the year Add: Issued during the year				6 99 700	699700
Number of shares at the end of the year B Details of Shareholder holding more than 5% of aggregate Equity Shares of Rs. 10/- each, fully paid: 1 Shefali Chintan Parikh Number of Shares				699700 397270	699 700 397270
% to total share holding 2 Uttara Parikh Number of Shares				56.78% 52 500	56.78% 52500
% to total share holding Rights of Equity Share holders				7.50%	7.50%
(a) Holder of equity shares is entitled to one vote per share. (b) The Company declares and pays dividends in Indian Rupees. The Companies Act, 2013 provides that the Dividend shall be declared only out of the profits of the relevant year or out of the profits of any previous financial year(s) after providing for depreciation in accordance with the provisions of the Act and the Company may transfer such percentage of its profits for that financial year as it may consider appropriate to the reserves of the Company. (c) In case of inadequacy or absence of profits in any year, the Company may declare dividend out of free reserves subject to the condition that the rate of dividend shall not exceed average of the rates at which dividend was declared by the Company in three years immediately preceding that year. (d) In the event of Liquidation of the Company, the holders of shares shall be entitled to receive the remaining assets of the Company, after distribution of all preferential amounts. The amount distributed will be in proportion to the number of equity shares held by the shareholders.
					Amt. in Rs. As at March 31
				2020	2019
Note: 11-Other Equity:
Other Reserve: Capital Reserve Retained Earnings:				5 000	5000
Balance as per last Balance Sheet Add: Profit/(Loss) for the year				71 57 740 14 80 357	74 03 538 $-245798$
Balance as at the end of the year Total				86 38 097 86 43 097	7157740 71 62 740

Note: 12-Deferred Tax: Break up of Deferred Tax Liabilities and Assets into major components of the respective balances are as under: A
			Amt. in Rs.
	As at Mar-31 2018	Charge for the previous year	As at March 31 2019	Charge for the current vear	As at Mar. 31 2020
Deferred Tax Liabilities: Depreciation	679	679
Deferred Tax Assets:	679	679	$\ddot{\phantom{0}}$
Diminuation in value of investments Net Deferred Tax Liabilities	679	679	$\bullet$	151637 (1,51,637)	(1,51,637) 151637
Significant Estimates : As regards deferred tax as per Ind AS-12 on "Income Taxes" there is a net deferred tax asset for the past years and for the period up to 31st March, 2020. The Company has taken conservative view of future profitability. Accordingly, the Company has not recognised deferred tax asset.
					Amt. in Rs.
				2020	As at March 31 2019
Note: 13-Trade Payables: Micro and Small Enterprises [*]
Others Total				19778 19778	86 34 055 86 34 055
[] Based on the information available with the company regarding the status of its venders under the Micros. Small and Medium Enterprises Development(MSMED) Act, 2006 ("MSMED Act"), the disclosure pursuant to the MSMED Act, is as follows:* A Principal amount and the interest due thereon remaining unpaid to any supplier as at the end B The amount of interest paid by the buyer in term of section 16 of the MSMED Act, along with the amount of the payment made to the supplier byond the appointed day during each accounting year; C the amount of interest due and payable for the period of delay in making payment (which has been paid but beyond the appointed day during the year) but without adding the interest specifed under the MSMED Act D the amount of interest accrued and remaining unpaid at the end of each accounting year; E the amount of further interest remaining due and payable even in the succeeding years, until such date when the interest dues above are actually paid to the small enterprise for the purpose of disallowance of didictible expenditure under section 23 of the MSMED Act					S.
				$\star$ $\frac{1}{3}$ $\mathcal{L}{\mathcal{P}{\mathcal{L},\mathcal{P}}}$

Eo accS

AMANI TRADING AND EXPORTS LIMITED
Notes to the Financial Statements
	Amt. in Rs. As at March 31
	2020	2019
Note: 14-Other Financial Liabilities:
Unpaid Expenses	33 350	31 600
Total	33 350	31 600
Note: 15-Contingent Liabilities and Commitments [to the extent not provided for]:
Contingent Liabilities:	NIL	NIL

Commitments:	NIL	NIL
$\overline{\phantom{a}}$	Amt. in Rs.
	Year ended March 31
	2020	2019
Note: 16-Revenue from Operations:	$-4121$	2 13 45 689
Sale of Products
Other operating revenues Commission income	4 03 650
Total	3 99 5 29	2 13 45 689

Note: 17-Other Income:
Interest Income on Financial Assets measured at Amortised Cost	10 90 048	1081839
Sundry balances written off [Net]	1751115	3642
Miscellaneous income	28 41 163	1085481
Total
Note: 18-Purchases of Stock-in-Trade:
Purchases of Stock-in-Trade	$-4117$	2 13 23 394
Total	$-4117$	2 13 23 394

Note: 19-Employee Benefits Expense:	270360	270360
Salaries and wages Total	2 70 360	270360

Note: 20- Finance Cost
Bank Commission & Charges	1 422	1984
Total	1422	1984
Note: 21-Other Expenses:
Listing fees	3 00 000	2 50 000
Rates and Taxes [excluding taxes on income]	1600	2400
Insurance Premium	1335	758
Legal and Professional Fees	1 14 300	1 15 3 28
Loss on revaluation of investments measured at FVTPL	360000	5 40 000
Miscellaneous Expenses [*]	96 473	68 294
Total	8 73 708	976780
[*] Miscellaneous Expenses include:
Payment to the Statutory Auditors - As Auditor	11 500	11 250
- For Other Services	10 000	13 000
- Total	21 500	24 250

	AMANI TRADING AND EXPORTS LIMITED
	Notes to the Financial Statements	Amt. in Rs.
		Year ended March 31
		2020	2019
Note: 22-Tax Expenses::
The major components of income tax expense are:
A Statement of profit and loss:
Current income tax: Current income tax charge		6 18 9 62	80 255
Adjustments in respect of current income tax of previous year			24 874
		6 18 9 62	105 129
Deferred tax:
	Relating to origination and reversal of temporary differences [Refer Note-12]		- 679
Tax expense reported in the statement of profit or loss		6 18 9 62	104 450

OCI Section: Tax related to items recognised in OCI during in the year:
Net loss/ (gain) on remeasurements of defined benefit plans
Tax charged to OCI

Reconciliation of tax expense and accounting profit multiplied by India's domestic tax rate: в
Profit before tax		20 99 319	$-141348$
Enacted Tax Rate in India (%)		25.17%	26.00%
Expected Tax Expenses		5 28 357	$-36750$
Adiustments for:		90 605	140471
Effect of non-deductible expenses
Effect of additional deductions in taxable income Effect of excess provision of taxation			24 195
Effect of MAT crdit Utilisation			$-23466$
Total		90 605	141200
Tax Expenses as per Statement of Profit and Loss		6 18 9 62	104 450
Note: 23-Calculation of Earnings per Equity Share [EPS]:
The numerators and denominators used to calculate the basic and diluted EPS are as follows:
A Profit attributable to Shareholders		14 80 357	$-245798$
B Basic and weighted average number of Equity shares outstanding during the year		6 99 700	6 99 700
C Nominal value of equity share		10 2.12	10 (0.35)
D Basic & Diluted EPS
Note: 24-Segment Information:
as per Ind AS - 108 on operating segment.	The company has only one revenue segment - trading and allied activities in cotton textile products and intermediaries. Hence, segment reporting is not applicable
Note: 25-Related Party Transactions:
	As per the Ind AS-24 on "Related Party Disclosures", the transactions carried out and outstanding balances with the related parties of the Company are as follows:
A Name of the Related Parties and Nature of Relationship:
Key Management Personal
i Mr. Anish A. Shah -	Managing Director
- ii Mr. Keyur J. Parikh -	Director
Mr. Jainik G. shah - iii Mrs. Aashini A. Shah -	Director Director
iv
Enterprises significantly influenced by Directors and/or their relatives:
i Krupa Printers
$\ddot{\phantom{a}}$			Enterprises significantly
			influenced by Directors
			and/or their relatives:
Disclosure in respect of Related Party Transactions : 8			Year ended March 31
		2020	2019
Expenses Krupa Printers		12 000l	12000
Total		12 000	12 000

$\ddot{\phantom{a}}$

$\hat{\boldsymbol{\beta}}$

	AMANI TRADING AND EXPORTS LIMITED
Note: 26-Financial Instruments:	Notes to the Financial Statements
A Fair values hierarchy:
Financial assets and financial liabilities measured at fair value in the statement of financial position are grouped into three Levels of a fair value hierarchy.
The three Levels are defined based on the observability of significant inputs to the measurement, as follows:
Level 1: quoted prices [unadjusted] in active markets for financial instruments. Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques which maximise the use of
observable market data rely as little as possible on entity specific estimates.
Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3.
Financial assets and liabilities measured at fair value - recurring fair value measurements:
			Amt. in Rs.
			As at March 31, 2020
Financial assets:	Level 1	Level 2	Level 3	Total
Non Current Financial Assets:
Investments	1 28 000			1 28 000
Other Financial Assets			14857530	148 57 530
Current Financial Assets:
Trade receivables			4 56 122	456 122
Cash and Cash Equivalents			39 4 96 62 647	39 4 96 62647
Other Financial Assets Total	1 28 000	$\blacksquare$	154 15 795	155 43 795
Financial liabilities
Current Financial Liabilities:
Trade Payable			19778	19778
Other Financial Liabilities			33 350	33350
Total		$\sim$	53128	53 1 28
			Amt. in Rs.
			As at March 31, 2019
	Level 1	Level 2	Level 3	Total
Financial assets:
Non Current Financial Assets: Investments	488000			488000
Other Financial Assets			15101487	15101487
Current Financial Assets:
Trade receivables			69 06 500	69 06 500
Cash and Cash Equivalents			141902	141902
Other Financial Assets			63 303	63303
Total	488000	$\sim$	2 22 13 192	2 27 01 192
Financial liabilities Current Financial Liabilities:
Trade Payable			86 34 055	86 34 055
Other Financial Liabilities			31 600	31 600
Total			86 65 655	86 65 655

			Amt. In Rs.
			As at March 31, 2020
	FVTPL	FVOCI	Amortised Cost	Total
Financial assets:
Non Current Financial Assets:
Invetments	1 28 000
Other Financial Assets Current Financial Assets:			14857530
Trade receivables		۰	4 56 122
Cash and Cash Equivalents			39 496
Other Financial Assets			62 647
Total	1 28 000	$\blacksquare$	154 15 795
Financial liabilities:
Current Financial Liabilities:
Trade Pavable Other Financial Liabilities		$\blacksquare$	19 778 33 350
Total		ä,	53 128
			Amt. in Rs.
			As at March 31, 2019
	FVTPL	FVOCI	Amortised Cost	Total

Non Current Financial Assets:
Invetments	488000
Other Financial Assets Current Financial Assets:			15101487
Trade receivables			69 06 500
Cash and Cash Equivalents			141902
Other Financial Assets			63 303
Total	4 88 000	$\blacksquare$	2 2 2 1 3 1 9 2

Current Financial Liabilities:
Trade Pavable			86 34 055
Other Financial Liabilities			31 600
Total			86 65 655

Financial assets: Financial liabilities:		7, Heritage
	Chambers		$\bullet$
	Net

Note: 27-Financial Risk Management: Financial instruments by category:				1 28 000 14857530 4 56 122 39 496 62647 155 43 795 19778 33 350 53 128 4 88 000 15101487 69 06 500 141902 63 303 2 27 01 192 86 34 055 31 600 86 65 655

$\bar{z}$

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$\sim$

AMAI{ITRADII{G AND EXPORTI' UMrfEO Ilot6 to the Financlal statements

Note: 27-Financlal Risk Mana mentrcontinued

I Rlsk Management:

The Company,s activities expose t to market risk, liquidity risk, interest risk and credit risk. This note explains the sources of riskwhrch the entity is exposed to and how the entity manages the risk and rhe related impact in the financial statements.

The Risk Mana8ement is embedded in the company's operating fiamework. The Audit Committee of the Board evaluates the Risk Mana8ement sYstems and the Board takes responsrbility for the total process of Risk Management in the organization, which includes framinS, implementin8 and monitorinS Risk Management Plan,

TheCompany does not activety engage in the trading offinancialassets for speculative purposes nor does it write opttons,

The most si8nificant financial risk to which the Company rs exposed are descrrbed below:

a Credit risk:

Credit risk arises from the possibility that customer may not be able to settle its obligations as aSreed. The companY is exposed to credit rist from trade receivablet and other financial assets.

The Company periodically assesses the financial reliabrlrty of the counter partytaking into account the financialcondition, current economic trends, anatysis of historicat bad debts and ageinB of accounts receivable. Party-wise credit is monitored and reviewed accordin8ly.

Bank deposits:

The company maintains its Cash and cash equivalents and Bank depositswith reputed and highly rated banks Hence, there is no siSnificant credit riskon such deposits,

Trade Receivable:

The Company rs exposed to credit risl in the event of non_payment by customers.

The Companytrades with recoSnized and credit worthy customers. lt is the Company's policy that allcustomers who wish totrade on credit terms are sublected to scrutiny and periodic review.

tn addition, receivable balances are monitored on an on-gorn8 basis with the result that the Company's exposure to bad debts is not siSnificant.

Adequate expected credit losses are recotnized as per the assessments based on historic data and prevalent market conditions.

in8 of Trade Receivables		Amt. in Rs.
	2020	20L9

0 - 3 Months	4 56122	8 82 973
beyond 12 Months		60 23 527
Total	4 56 tZz	69 05 500

b Liquidity risk:

a Liquidity risk isthe risk that the Company may not be able to meet its present and future cash and collateral obliEations without incurrin8 unacceptable losses,

b Mana8ement monitors rollinS forecasts of the Company's liquidity position and cash and cash equivalents on the basis of expected cash flow. The Companytakes into account the liquidity ofthe market in which the entity operates. ln addition, the Company's liquidity manatement policy tnvolves considering the level of liquid assets necessary to meet these

c Maturities of financial liabrlitres:

The tables below anatyse the Company'sfinancialliabilities into relevant matunty groupinSs based on their contractual maturities for all non derivative financial liabrlrties.

			Amt. in Rs.
	<1 a	I 1-2	I 2-3	>3	Total
			As at March	2020
Other llon Current Finanaial Llabllitles
Trade payable	t9 778				L9 778
Other Current Financial Liabilities	33 350				33 350
Total	53
			Amt, in Rs.
			Ar at MaEh 3	2019
Other Non Current Financial Liebilitier
Trade payable	8 59 414			77 746/.7	86 34 0S5
Other current financial liabilities	31600				31 5(x)
Total				77 74	86

$\beta=1.0$ , $\gamma_{21}^2\gamma_0$ naff AMANI TRADING AND EXPORTS LIMITED Notes to the Financial Statements Note: 28-Capital Management: The Company's capital management objectives are: a to ensure the Company's ability to continue as a going concern b to provide an adequate return to shareholders c maintain an optimal capital structure to reduce the cost of capital. Management assesses the Company's capital requirements in order to maintain an efficient overall financing structure while avoiding excessive leverage. This takes into account the subordination levels of the Company's various classes of debt. The Company manages structure the capital and makes adjustments to it in the light of changes in economic conditions and the risk characteristics of the underlying assets. Amt. in Rs. As at March 31 2019 2020 Net debts 14159740 1 56 40 097 Total equity ã Net debt to equity ratio Signatures to Significant Accounting Policies and Notes 1 to 28 to the Financial Statements For and on behalf of the Board As per our report of even date For Mukesh M. Shah & Co., $\boldsymbol{k}$ Chartered Accountants THE SHAP 7 X Firm Registration Number: 106625W Keyur J. Parikh 1. Heiltage Sohit D. Mehta iliania (1949)
- Chaisgery
- Chaisgery Chairman Company Secretary DIN: 00166455 Ambawreu $\boldsymbol{\vartheta}$ Ahmad.bas.: NH3havsas Suvrat S. Shah Navinchandra J. Bhavsar Jainik G. Shah .
Red ac Partner Chief Financial Officer Director Membership Number: 102651 DIN: 06633834 Ahmedabad, Dated: 29th June, 2020 Ahmedabad, Dated: 29th June, 2020 $\mathbb{R}^{d_{\text{max}}^{(n)}}$ geder. e gripta
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All

AMANI TRADING AND EXPORTS LIMITED

Regd. Office: 32, Milan Park Society, Nr. Jawahar Chowk, Maninagar, Ahmedabad - ³⁸⁰OO8 CIN: 1511q)GJ1984PtC020026 Website: .amanitradinp.in

ATTENDANCE SLIP

Folio No./DP lD/Client ld
No. of Shares held

^Icertiry that I am sha reholder/proxy for the shareholder of the company.

I hereby record my presence at the 36th Annual General Meeting of the Company held at H.R. Hall, Texcellence complex, Khokhara, Ahmedabad-380021 on Wednesday, 30th Septembet,2OZO at 12.30 p.m.

Name of the Shareholder(s) (ln Block Lette0
Signature of the Shareholder(s)
Name of Proxy (ln Block Letter)
Signature of Prory
Note: You are requested to sign and handover this slip at the entrance of the meeting venue.

FORM MGT-ll

PROXY FORM

(Pursuant to section 105(6) of the Companies Act,2013 and rule 19(3) of the Companies (Management and Administration) Rules, 2014

ctN	151100GJ1984P1C020026
Name of the Company	AMANI TRADING AND EXPORTS LIMITED
Registered Office	32, Milan.Park Society,
	Nr. Jawahar Chowk, Maninagar,
	Ahmedabad - 380 008
Name of the Member(s)
Registered Address
Email lD
Folio No./Client lDlDP lD

l/we being the membe(s) of	shares of the above named company, hereby appoint
1. Name
Address
email ld
Or failing him	Signature
1. Name
Address
email ld
Or failing him	Signature
1. Name
Address
email ld
Or failing him	Signatu re

as my/our proxy to attend and vote (on a poll) for me/us and on my/our behalf at the 36th Annual General Meeting of the Company, to be held on Wednesday, 3oth September, 2O2O at lZ.3O p.M. at H.R. Hall, Texcellence complex, Khokhara, Ahmedabad-380021 and any adjournment thereof in respect of such resolutions as are indicated below:

Ordinary Business

1. Adoption of Audited Financial Statements of the Company as on 31't March, 2020. (Ordinary Resolution)
1. Re-appointment of Mrs. Aashini A. Shah, Non tndependent & Non Executive Director (DlN: 06935359), who retires by rotation and being eligible, offers herself for re-appointment. (Ordinary Resolution)

Special Business

To re-appoint Mr. Anish A. Shah (DlN:00155517) asa Managing Director. (Ordinary Resolution)

Signed this day of 2020

Signature of Shareholder :

Affix a
Re. 1
Revenue
Stamp

Signature of Proxy Holder:

Note: This form of proxy in order to be effective should be duly completed and deposited at the Registered Office of the Company, Not less than 48 hours before the commencement of the Meeting.

lf undelivered: Please return to: AMANI TRADING AND EXPORTS TIMITED CIN: L5110OGJ 198 4PLCO247 M 32, Milan Park Society, Nr. Jawahar Chowk, Maninagar, Ahmedabad - 380 008

AI assistant

EFC (I) LIMITED — Annual Report 2020

62498_rns_2020-09-03_6f167ec1-b0d5-41d3-9c76-27bec4c0f5cd.pdf

AMANI TRADING AND EXPORTS LIMITED

To,

The BSE Ltd

Sub: Submission of 36s Annual Report of the Company under Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

For, Amani Trading And Expo td.

AMANI TRADING AND EXPORTS LIMITED (CIN: L51100GJ1984PLC020026)

$36TH$ ANNUAL REPORT F.Y 2019-20

CORPORATE INFORMATION

BOARD OF DIRECTORS

CHIEF FINANCIAL OFFICER

COMPANY SECRETARY

REGISTERED OFFICE

REGISTRAR AND SHARE TRANSFER AGENT

BANKERS

SHARES TISTED ON STOCK EXCHANGES

NOTICE

ORDINARY BUSINESS:.

SPECIAt BUSINESST

NOTES:

PROCESS FOR THOSE SHAREHOTDERS WHOSE EMAIL ADDRESSES ARE NOT REGISTERED WITH THE DEPOSITORIES FOR OBTAINING LOGIN CREDENTIATS FOR E.VOTING FOR THE RESOTUTIONS PROPOSED IN THIS NOTICE:

CONTACT DETAILS:

EXPLANATORY STATEMENT UNDER SECTION 102 (1) OF THE COMPANIES ACT, ZO13 Item 3

Nature of duties:

Annexure to the Notice dated 29th June, 2020

Item no. 2

BOARD'S REPORT

1. FINANCIAL RESULTS: (Amount in Lacs)

2. DIVIDEND

3. RESERVES

4. REVIEW OF BUSINESS OPERATIONS AND FUTURE PROSPECTS

5. SHARE CAPITAT

6. OEPOSTTS

7. MATERIAL CHANGES AND COMMITMENT, IF ANY, AFFECTING THE FINANCIAL POSITION OF OUR COMPANY OCCURRED BETWEEN THE END OF THE FINANCIAT YEAR TO WHICH THIS FINANCIAT STATEMENTS RETATE AND THE DATE OF THE REPORT

8. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES

9. CONSERVATION OF ENERGY, TECHNOTOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO

10. RISK MANAGEMENT

11. CORPORATE SOCIAL RESPONSIBITITIES INITIATIVES

12. PARTICUTARS OF LOANS, GUARANTEES OR INVESTMENTS MADE UNDER SECTION 186 OF COMPANIES ACT,2013

13. PARTICUI.ARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES

14. NOMINATION AND REMUNERATION POTICY

15. ANNUAT EVATUATION OF BOARD,S PERFORMANCE

16. ANNUAT RETURN

17. WEBSITE OF YOUR COMPANY

18. NUMBER OF BOARD MEETINGS CONDUCTED DURING THE YEAR UNDER REVIEW AND ATTENDANCE THEREOF.

19. DIRECTORS AND KEY MANAGERIAL PERSONNEL

Appointment:

Retirement by Rotation:

20. DIRECTORY RESPONSIBILIW STATEMENT

21. DECLARATION OF INDEPENDENT DIRECTORS

22. PARTICUTARS OF EMPTOYEES

23. AUDITORS

(a) STATUTORYAUDITORS

(bl SEcRETARTAT AUDITORS

24. REPORTING OF FRAUD BY AUDITORS

25. DISCTOSURE OF COMPOSITION OF BOARD, COMMITTEE AND VIGIT MECHANISM

CONSTITUTION OF BOARD

COMMITTEES OF BOARD

1. AUDIT COMMITTEE

2. NOMINATION AND REMUNERATION COMMITTEE

VIGIT MECHANISM

26. SIGNIFICANT AND MATERIAT ORDERS PASSED BY REGUIATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS OF THE COMPANY

27. INTERNAT CONTROT SYSTEMS AND THEIR ADEQUACY

28. TISTING WITH STOCK EXCHANGES

29. CORPORATE GOVERNANCE & MANAGEMENT DISCUSSION AND ANALYSIS REPORT

30. GENERAT DISCLOSURE

31. DISCTOSURE AS PER SEXUAT HARASSMENT OF WOMEN AT WORKPTACE (PREVENT|ON, PROHTBTT|ON AND REDRESSAL) ACT, 2013

32. APPRECIATION

33. ACKNOWTEDGEMENTS

FOR, AMANI TRADING AND EXPORTS TIMITED

ANNEXURES TO THE BOARD'S REPORT

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTTON AND FOREIGN EXCHANGE EARNING AND OUTGO.

A. Conservation of Energy

B. TechnologyAbsorption

C. Foreign Exchange Earning and Outgo

Form No. MGT - 9 Extract of Annual Return

I. REGISTRATION AND OTHER DETAITS

II. PRINCIPAT BUSINESS ACTIVITIES OF THE COMPANY

EFC (I) LIMITED Annual Report 2020

$36^TH$ ANNUAL REPORT F.Y 2019-20