CONTAINERWAY INTERNATIONAL LTD.

NOTICE

NOTICE is hereby given that Annual General Meeting of CONTAINERWAY INTERNATIONAL LTD.  Will be held at Chatterjee International Centre, 16th Floor, Suite No. A/1, Ch. No. 933A, Jawaharlal Nehru Road, Parke Street, Kolkatta,-700071, on Monday, September 30 at 05.00 P.M. to transact the following business:

1.          To receive, consider and adopt the audited Balance Sheet as at 31st March 2013, Profit & loss Account for the period ended on that date and Cash Flow Statement for the period ending 31.03.2013 together with the Director Report & Auditors Report thereon.

2.          Mr. S L Ganapathi, director of the company who retires by rotation and has shown up or expressed his desire for re-appointment, hence re-appointed.

3.          To appoint Auditors of the Company and to fix their remuneration.  M/s Batra Deepak & Associates (MAKS and Associates merged in Batra Deepak & Associates), Chartered Accountants, retire at this annual general meeting and being eligible to offer themselves for reappointment.

    By Order of the Board

                        S.L. GANAPATHI               

   DIRECTOR

      Place: Delhi

      Date  : 20-08-2013

NOTES:

a.   A member entitled to attend and vote is entitled to appoint a proxy to attend and vote instead of himself, and a proxy need not be a member.

b.   Proxy form in order to be effective should be duly completed, stamped & signed and must be deposited at the Registered Office of the company not less than 48 hours before the meeting.

   CONTAINERWAY INTERNATIONAL LTD.

DIRECTORS REPORT

THE MEMBERS

       CONTAINERWAY INTERNATIONAL LTD.

Your Directors have pleasure in presenting the Annual Report together with the audited accounts of the Company for the period ended on 31st March 2013.

1.   FINANCIAL RESULTS:                                             (Amount in INR)

                        31.03.2013         31.03.2012                  

      Total Turnover and other Income                              2,15,000              20,700                                               Profit/ (Loss) before Taxes                                            (15,142)               (45,284)            

      Provision for Taxation                                                      ---                            ---                     

                                                                                   --------------            --------------        

      Profit/ (Loss) after Tax                                              (15,142)             (45,284)                      

2.     REVIEW OF OPERATIONS

During the year, our company did well to achieve a turnover of INR 215700 (INR 20,700) and incurred a loss of INR 15142 (loss INR 45,284). During the current year we are hopeful to do much better.

3.     PARTICULARS OF EMPLOYEES

There is no employee of the company drawing salary in excess of the limits prescribed under Section 217 (2A) of the Companies Act, 1956 read with the companies (Particular of employees) Rules 1975.

4.    AUDITORS

The Auditors M/s Batra Deepak & Associates (Maks and Associates merged in Batra Deepak & Associates), Chartered Accountants, retires at the conclusion of this Annual General Meeting and is recommended for appointment. The Company has received certificate from them to the effect that there appointment, if made, would be within the prescribed limits under section 224(1) of the Companies Act, 1956.

5     AUDITOR’S REPORT

The Auditors report read with notes to accounts is self-explanatory and requires no further explanations.

INFORMATION REQUIRED UNDER COMPANIES (DISCLOSURE OF PARTICULARS IN THE REPORT OF BOARD OF DIRECTORS) RULES, 1988.

A.   CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION : Not Applicable

B.     FOREIGN EXCHANGE OUTGO : Nil

4.     DEPOSITS: The Company has not accepted any deposits during the year under review.

5.     DIRECTORS’ RESPONSIBILITY STATEMENT :

i     that in the preparation of annual accounts for the financial year ended 31st March 2012, the applicable Accounting Standards have been followed along with proper explanation relating to material departures;

ii     that Accounting Policies have been selected and applied them consistently and made judgments and estimates that reasonable and prudent so as to give a true and fair view of the company at the end of financial year and of the profit and loss of the company for the period under review;

iii    that proper and sufficient care have been taken 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;

iv    that  annual accounts for the financial year ended 31st March, 2012 have been prepared on a going concern basis;

6.     ACKNOWLEDGEMENT

Your Directors would like to express their grateful appreciation for the assistance and co- operation received from the Companies and Government Agencies, during the year under report. Your Directors wish to place on record their deep sense of appreciation for the devoted services of the executives and staff of the Company for its success.

                                                                   For and on behalf of Board

                                                                                S.L.Ganapathi                   Jayashree Ganapathi.

                                                                                      (Director)                      (Director)

Place: DelhiDate:  20.08.2013                                

2. INFORMATION REQUIRED UNDER COMPANIES (DISCLOSURE OF PARTICULARS IN THE REPORT OF BOARD OF DIRECTORS) RULES, 1988. A. CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION : Not Applicable B. FOREIGN EXCHANGE OUTGO : Nil

2. INFORMATION REQUIRED UNDER COMPANIES (DISCLOSURE OF PARTICULARS IN THE REPORT OF BOARD OF DIRECTORS) RULES, 1988. A. CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION : Not Applicable B. FOREIGN EXCHANGE OUTGO : Nil

2. INFORMATION REQUIRED UNDER COMPANIES (DISCLOSURE OF PARTICULARS IN THE REPORT OF BOARD OF DIRECTORS) RULES, 1988. A. CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION : Not Applicable B. FOREIGN EXCHANGE OUTGO : Nil

There is no employee of the company drawing salary in excess of the limits prescribed under Section 217 (2A) of the Companies Act, 1956 read with the companies (Particular of employees) Rules 1975.

a) that in the preparation of annual accounts for the financial year ended 31st March 2012, the applicable Accounting Standards have been followed along with proper explanation relating to material departures; b) that Accounting Policies have been selected and applied them consistently and made judgments and estimates that reasonable and prudent so as to give a true and fair view of the company at the end of financial year and of the profit and loss of the company for the period under review; c) that proper and sufficient care have been taken 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) that annual accounts for the financial year ended 31st March, 2012 have been prepared on a going concern basis;

The Auditors report read with notes to accounts is self-explanatory and requires no further explanations.