RADFLEX CONTRACT SERVICES PRIVATE LIMITED

Registered Office: Shop. No. 4, Sawant Bldg, Joshi Wada, Thane - 400602, Maharashtra
CIN: U29309MH2018PTC315641

D I R E C T O R' S R E P O R T

TO,

THE MEMBERS,
RADFLEX CONTRACT SERVICES PRIVATE LIMITED

Your Directors have pleasure in presenting their 3 rd Annual Report on the business and operation of the company and
Ended 31st March, 2021.

FINANCIAL SUMMARY OR HIGHLIGHTS/PERFORMANCE OF THE COMPANY :

1
The financial results for the year ended 31st March, 2021 and the corresponding figures for the last year are as under :-

Particulars 2020-2021

Profit Before interest, Depreciation & Tax (12500)

Less: Finance Cost 0

Less: Depreciation & Amortization Expense 0

Profit before Tax (12500)

Provision for Tax 0

Income Tax (JV) 0

Deferred Tax 0

Profit after Tax (12500)

Less : Proposed Dividend & Tax thereon 0

Balance carried to Balance Sheet (12500)

2 RESERVE & SURPLUS :

 RADFLEX CONTRACT SERVICES PRIVATE LIMITED
Registered Office: Shop. No. 4, Sawant Bldg, Joshi Wada, Thane - 400602, Maharashtra
CIN: U29309MH2018PTC315641
Out of the total profit of Rs. -12500 for the financial year, NIL amount is proposed to be transferred to the General Rese

3 BRIEF DESCRIPTION OF THE COMPANY'S WORKING DURING THE YEAR/STATE OF COMPANY'S AFFAIR :

Your Directors regret to inform you that the company incurred a loss of Rs. 12500 during the financial year 2020-21.

4 CHANGE IN THE NATURE OF BUSINESS :

There is no Change in the nature of the business of the Company done during the year.

5 EVENTS SUBSEQUENT TO THE DATE OF FINANCIAL STATEMENTS:

No material changes and commitments affecting the financial position of the Company occurred between the end
financial statements relate till the date of this report.

6 DIVIDEND :

To strengthen the financial position of the Company and to augment working capital your directors regret to declare an

7 MEETINGS :
Four meetings of the Board of Directors were held during the financial year.

8 DIRECTORS AND KEY MANAGERIAL PERSONNEL :

There is no change in the nature of business of the company.

9 COMPANY’S POLICY RELATING TO DIRECTORS APPOINTMENT, PAYMENT OF REMUNERATION AND DISCHARGE OF TH

 RADFLEX CONTRACT SERVICES PRIVATE LIMITED
Registered Office: Shop. No. 4, Sawant Bldg, Joshi Wada, Thane - 400602, Maharashtra
CIN: U29309MH2018PTC315641
The provisions of Section 178(1) relating to constitution of Nomination and Remuneration Committee are not applicable

10 DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE SOCIAL RESPONSIBILITY IN

The provisions Corporate Social Responsibility is not applicable to the company.

11 RISK MANAGEMENT POLICY :

The Company has developed and implemented a risk management policy which identifies major risks which may thre
The same has also been adopted by your Board and is also subject to its review from time to time. Risk mitigation pr
formulated and clearly spelled out in the said policy.

12 SUBSIDIARY, JOINTVENTURE AND ASSOCIATE COMPANY :

The Company has no Joint Venture or Associate company. As per Rule 6 of the Companies (Accounts) Rules, 2014 the
Consolidated Financial Statements of its Joint venture for the financial year 2014-15.

13 SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS:

During the year no significant and material orders passed by the regulators or courts or tribunals impacting the g
operations in future.

CHANGES IN SHARES CAPITAL :

14
The Company has not issued any Equity Shares during the year under review.

15 STATUTORY AUDITORS:
 RADFLEX CONTRACT SERVICES PRIVATE LIMITED
Registered Office: Shop. No. 4, Sawant Bldg, Joshi Wada, Thane - 400602, Maharashtra
CIN: U29309MH2018PTC315641
SHARP AARTH (FRN 132748W) Chartered Accountants, Statutory Auditors of the company have confirmed their eligibil
from the conclusion of ensuing annual general meeting to the conclusion of next annual general meeting. The Board o
ratification of appointment for F.Y. 2020-21 of SHARP AARTH (FRN 132748W), Chartered Accountants, as statutor
approval of Shareholders.

16
AUDITORS' REPORT :
The Auditors' Report does not contain any qualification. Notes to Accounts and Auditors' remarks in their report are sel
future comments.

17 EXTRACT OF ANNUAL RETURN:

As required pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management
extract of annual return in MGT 9 as a part of this Annual Report as ANNEXURE 'B'.

18 PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186 :

Details of Loans:
The particulars of loans given, investment made or guarantee given or security provided and the purpose for which
proposed to be utilised as per the provisions of Section 186 of the Companies Act, 2013 is (AS PER SITUATION)

19 DEPOSIT :
The Company has neither accepted nor renewed any deposits during the year under review.

20 PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES :

No agreement was entered with related parties by the Company during the current year. All the related party transactio
ordinary course of business and were in arm's length basis. The Company presents all related party transactions befo
value, and terms and conditions of the transaction. Transaction with related parties is conducted in a transparent mann
and Stakeholders as utmost priority.

Since all the related party transactions were entered by the Company in ordinary course of business and were in arm
applicable to the Company.
 RADFLEX CONTRACT SERVICES PRIVATE LIMITED
Registered Office: Shop. No. 4, Sawant Bldg, Joshi Wada, Thane - 400602, Maharashtra
CIN: U29309MH2018PTC315641

21
DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRE
The company has in place a policy for prevention of sexual harassment in accordance with the requirements of th
workplace (Prevention, Prohibition & Redressal) Act, 2013. Internal Complaints Committee has been set up to redress c
harassment. All employees (permanent, contractual, temporary, trainees) are covered under this policy. The Company
the year 2020-21.

22 CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREGIN EXCHANGE EARNING AND OUTGO :
The details of conservation of energy, technology absorption, foreign exchange earning and outgo are as follows:

(a) Conservation of energy

(I) the steps taken or impact on conservation of energy Company's operation
consume significant amoun

(ii) Not applicable, in view of c

the steps taken by the company for utilizing alternate sources of energy. clause (i)
(iii) Not applicable, in view of c
the capital investment on energy conservation equipment's clause (i)

(b) Technologh absorption

(i) the effort made towards technology absorptio

(ii) the benefits derived like product improvem
cost reduction product development or imp
substitution
(iii)
in case of imported technology (important du
the last three years reckoned from the beginn
of the financial year)

(a) the details of technology imported

(b) the year of import;

(c) whether the technology been fully absorbe

 RADFLEX CONTRACT SERVICES PRIVATE LIMITED
Registered Office: Shop. No. 4, Sawant Bldg, Joshi Wada, Thane - 400602, Maharashtra
CIN: U29309MH2018PTC315641
(d) if not fully absorbed, areas where absorp
has not taken place, and the reasons thereof
(iv) the expenditure incurred on Research
Development

('C) Foreign exchange earnings and outgo

During the year, the total foreign exchange used was Rs. Nil and the total foreign exchange earned was Rs. Nil

23 TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND :

Your Company did not have any funds lying unpaid or unclaimed for a period of seven years. Therefore there were n
transferred to Investor Education and Protection Fund (IEPF)

24 DIRECTORS'S RESPONSIBILITY STATEMENT:

The Directors's Responsibility Statement referred to in clause (c) of Sub- section (3) of Section 134 of the Companies Act

(a) in the preparation of the annual accounts, the applicable accounting standards had been followed along with prop
departures:
(b)
The director had selected such accounting policies and applied them consistently and made judgments and estimates
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 and
(c)
the director had taken proper and sufficient care for the maintenance of adequate accounting records in accordance
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, in the case of a listed company, had laid down internal financial controls to be followed by the comp
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 s
effectively.

25 ACKNOWLEDGEMENTS
The directors place on record their sincere appreciation for the assistance and co-operation extended by Bank, its em
associates and look forward to continue fruitful association with all business partners of the company.
RADFLEX CONTRACT SERVICES PRIVATE LIMITED
Registered Office: Shop. No. 4, Sawant Bldg, Joshi Wada, Thane - 400602, Maharashtra
CIN: U29309MH2018PTC315641

For and on behalf of the B

RADFLEX CONTRACT SERVI

VIVEK PURUSHOT

Chai