Sunrise Balance Sheet as on 31-3-12

NOTICE NOTICE is hereby given that the 31st Annual General Meeting of the members of SUNRISE ASIAN LIMITED will be held on Saturday, 29th September, 2012 at 3:30 P.M. at 201, Kalpatru Plaza, Chincholi Bunder Road, Malad (West), Mumbai - 400 064 to transact the following business:- ORDINARY BUSINESS: 1. To receive, consider and adopt the audited Balance Sheet as at 31st March, 2012 and the

Profit and Loss Account for the year ended on that date together with the report of Directors' and Auditors' thereon.

2. To appoint Auditors to hold office from the conclusion of the forthcoming meeting upto

the conclusion of the next Annual General Meeting and to fix their remuneration. SPECIAL BUSINESS: 3. To consider and if thought fit, to pass, with or without modification(s) the following

resolution as an Ordinary Resolution:

“RESOLVED THAT Mr. Mahesh Joshi, who was appointed by the Board of Directors as an Additional Director and who holds office till the conclusion of this Annual General Meeting pursuant to Section 260 of the Companies Act, 1956 and in respect of whom the Company has received a notice in writing pursuant to Section 257 of the Companies Act, 1956, proposing his candidature for the office of a Director, be and is hereby appointed as Director of the Company. RESOLVED FURTHER THAT pursuant to the provisions of section 198, 269, 309, 310 read with Schedule XIII of the Companies Act, 1956, Mr. Mahesh Joshi, be and is hereby appointed as Whole-Time Director of the Company for a period of 3 years. RESOLVED FURTHER THAT Mr. Mahesh Joshi shall not be entitled to any remuneration for discharging his duties as Whole-Time Director of the Company but he shall be entitled for reimbursement of all expenses incurred for the business of the Company at actuals.”

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

“RESOLVED THAT Mr. Kalpesh Jani, who was appointed by the Board of Directors as an Additional Director and who holds office till the conclusion of this Annual General Meeting pursuant to Section 260 of the Companies Act, 1956 and in respect of whom the

Company has received a notice in writing pursuant to Section 257 of the Companies Act, 1956, proposing his candidature for the office of a Director, be and is hereby appointed as Director of the Company, liable to retire by rotation.

5. To consider and if thought fit, to pass, with or without modification(s) the following

resolution as an Ordinary Resolution: “RESOLVED THAT Mr. Girdhar Parmar, who was appointed by the Board of Directors as an Additional Director and who holds office till the conclusion of this Annual General Meeting pursuant to Section 260 of the Companies Act, 1956 and in respect of whom the Company has received a notice in writing pursuant to Section 257 of the Companies Act, 1956, proposing his candidature for the office of a Director, be and is hereby appointed as Director of the Company, liable to retire by rotation.”


“RESOLVED THAT Mr. Dheeraj Jain, who was appointed by the Board of Directors as an Additional Director and who holds office till the conclusion of this Annual General Meeting pursuant to Section 260 of the Companies Act, 1956 and in respect of whom the Company has received a notice in writing pursuant to Section 257 of the Companies Act, 1956, proposing his candidature for the office of a Director, be and is hereby appointed as Director of the Company, liable to retire by rotation.”


“RESOLVED THAT Mr. Sanjit Jha, who was appointed by the Board of Directors as an Additional Director and who holds office till the conclusion of this Annual General Meeting pursuant to Section 260 of the Companies Act, 1956 and in respect of whom the Company has received a notice in writing pursuant to Section 257 of the Companies Act, 1956, proposing his candidature for the office of a Director, be and is hereby appointed as Director of the Company, liable to retire by rotation.” RESOLVED FURTHER THAT pursuant to the provisions of section 198, 269, 309, 310 read with Schedule XIII of the Companies Act, 1956, Mr. Sanjit Jha, be and is hereby appointed as Whole-Time Director of the Company liable to retire by rotation. RESOLVED FURTHER THAT Mr. Sanjit Jha shall not be entitled to any remuneration for discharging his duties as Whole-Time Director of the Company but he shall be entitled for reimbursement of all expenses incurred for the business of the Company at actuals.”


“RESOLVED THAT Mr. Sanjiv Mishra, who was appointed by the Board of Directors as an Additional Director and who holds office till the date of this Annual General Meeting pursuant to Section 260 of the Companies Act, 1956, and in respect of whom the Company has received a notice in writing pursuant to Section 257 of the Companies Act, 1956, proposing his candidature for the office of a Director, be and is hereby appointed as Director of the Company.

RESOLVED FURTHER THAT pursuant to the provisions of section 198, 269, 309, 310 read with Schedule XIII of the Companies Act, 1956, Mr. Sanjiv Mishra, be and is hereby appointed as Whole-Time Director of the Company for a period of 3 years. RESOLVED FURTHER THAT Mr. Sanjiv Mishra shall not be entitled to any remuneration for discharging his duties as Whole-Time Director of the Company but he shall be entitled for reimbursement of all expenses incurred for the business of the Company at actuals.”

NOTE:

1. A member entitled to attend and vote is entitled to appoint a proxy to attend and vote instead of himself. The proxy need not be a member of the Company.

2. Proxies in order to be effective, must be delivered at the registered office of the Company not later than forty eight hours before the meeting.

3. Explanatory Statement under section 173(2) of the Companies Act, 1956 is annexed

hereto.

4. The Register of Members and the Share Transfer Books of the Company will be closed from 27-09-2012 to 29-09-2012 (both days inclusive).

5. Member desirous of obtaining information with respect of the accounts of the Company are requested to send queries in writing to the Company at its registered office so as to reach at least seven days before the date of Meeting.

6. The members shall intimate change in their address to the Company to enable the Company to update its records.

REGISTERED OFFICE: FOR AND ON BEHALF OF THE BOARD 205 A, Kapadia Chamber, 599, J S S Road, Mumbai – 400 002. (MAHESH JOSHI) Date: 01-09-2012 CHAIRMAN

Explanatory Statement under section 173 of the Companies Act, 1956. ITEM NO. 3: Mr. Mahesh Joshi was appointed as an Additional Director of the Company by the Board of Directors with effect from 19th June, 2012 pursuant to the provisions of Section 260 of the Companies Act, 1956. Mr. Mahesh Joshi will hold office as an Additional Director upto the conclusion of the ensuing Annual General Meeting. As required under Section 257 of the Companies Act, 1956, notice has been received from a member signifying his intention to propose him as a candidate for the appointment as Director of the Company. Further, the Board also appointed, subject to the approval of members, Mr. Mahesh Joshi as Whole-Time Director of the Company, for a period of three years with effect from 19th June, 2012. Mr. Mahesh Joshi has filed with the Company his consent under Section 264(1) of the Companies Act, 1956, to act as Director, if appointed. In view of bad financial condition of the Company Mr. Mahesh Joshi has agreed to act as Whole Time Director without taking any remuneration. The Board recommends the resolution under item no. 3 for your approval. None of the Directors except Mr. Mahesh Joshi is interested in the Resolution. ITEM NO. 4: Mr. Kalpesh Jani was appointed as an Additional Director of the Company by the Board of Directors with effect from 19th June, 2012 pursuant to the provisions of Section 260 of the Companies Act, 1956. Mr. Kalpesh Jani will hold office as an Additional Director upto the conclusion of the ensuing Annual General Meeting. As required under Section 257 of the Companies Act, 1956, notice has been received from a member signifying his intention to propose him as a candidate for the appointment as Director of the Company. The Board recommends the resolution under item no. 4 for your approval. None of the Directors except Mr. Kalpesh Jani is interested in the Resolution. ITEM NO. 5: Mr. Girdhar Kalidas Parmar was appointed as an Additional Director of the Company by the Board of Directors with effect from 19th June, 2012 pursuant to the provisions of Section 260 of the Companies Act, 1956. Mr. Girdhar Parmar will hold office as an Additional Director upto the conclusion of the ensuing Annual General Meeting. As required under Section 257 of the Companies Act, 1956, notice has been received from a member signifying his intention to propose him as a candidate for the appointment as Director of the Company.

The Board recommends the resolution under item no. 5 for your approval. None of the Directors except Mr. Girdhar Parmar is interested in the Resolution. ITEM NO. 6: Mr. Dheeraj Jain was appointed as an Additional Director of the Company by the Board of Directors with effect from 19th June, 2012 pursuant to the provisions of Section 260 of the Companies Act, 1956. Mr. Dheeraj Jain will hold office as an Additional Director upto the conclusion of the ensuing Annual General Meeting. As required under Section 257 of the Companies Act, 1956, notice has been received from a member signifying his intention to propose him as a candidate for the appointment as Director of the Company. The Board recommends the resolution under item no. 6 for your approval. None of the Directors except Mr. Dheeraj Jain is interested in the Resolution. ITEM NO. 7: Mr. Sanjit Jha was appointed as an Additional Director of the Company by the Board of Directors with effect from 19th June, 2012 pursuant to the provisions of Section 260 of the Companies Act, 1956. Mr. Sanjit Jha will hold office as an Additional Director upto the conclusion of the ensuing Annual General Meeting. As required under Section 257 of the Companies Act, 1956, notice has been received from a member signifying his intention to propose him as a candidate for the appointment as Director of the Company. Further, the Board also appointed, subject to the approval of members, Mr. Sanjit Jha as Whole-Time Director of the Company, liable to retire by rotation. Mr. Sanjit Jha has filed with the Company his consent under Section 264(1) of the Companies Act, 1956, to act as Director, if appointed. In view of bad financial condition of the Company Mr. Sanjit Jha has agreed to act as Whole Time Director without taking any remuneration. The Board recommends the resolution under item no. 7 for your approval. None of the Directors except Mr. Sanjit Jha is interested in the Resolution. ITEM NO. 8: Mr. Sanjiv Mishra was appointed as an Additional Director of the Company by the Board of Directors with effect from 19th June, 2012 pursuant to the provisions of Section 260 of the Companies Act, 1956. Mr. Sanjiv Mishra will hold office as an Additional Director upto the conclusion of the ensuing Annual General Meeting. As required under Section 257 of the Companies Act, 1956, notice has been received from a member signifying his intention to propose him as a candidate for the appointment as Director of the Company.

Further, the Board also appointed, subject to the approval of members, Mr. Sanjiv Mishra as Whole-Time Director of the Company, for a period of three years with effect from 19th June, 2012. Mr. Sanjiv Mishra has filed with the Company his consent under Section 264(1) of the Companies Act, 1956, to act as Director, if appointed. In view of bad financial condition of the Company Mr. Sanjiv Mishra has agreed to act as Whole Time Director without taking any remuneration. The Board recommends the resolution under item no. 8 for your approval. None of the Directors except Mr. Sanjiv Mishra is interested in the Resolution. REGISTERED OFFICE: FOR AND ON BEHALF OF THE BOARD 205 A, Kapadia Chamber, 599, J S S Road, Mumbai – 400 002. (MAHESH JOSHI) Date: 01-09-2012. CHAIRMAN

ANNUAL REPORT SUNRISE ASIAN LIMITED

DIRECTORS REPORT

To, The Members of Sunrise Asian Limited Dear Shareholders, We have pleasure in presenting the Thirty First Annual Report together with the Audited Statement of Account of your company for the year ended 31st March 2012. 1. FINANCIAL RESULTS: 2011-12 2010-11 (Rs. in Lakh) (Rs. in Lakh) Income from operation 38.11 72.91 Business Expenditure and Depreciation 38.63 64.83 Profit (Loss) before Tax (0.52) 8.08 Less: Provision for Current Tax Nil 2.78 Profit / (Loss) after Tax (0.52) 5.30 2. OPERATIONS During the year under review, the income from operation of the Company is Rs. 38.11 Lakh as compared to Rs. 72.91 Lakh during the previous year. However the Directors are hopeful of even better performance in the future. 3. DIVIDEND To deploy the resources in the more meaningful manner, your directors abstain from declaring any dividend for the year. 4. MANAGEMENT DISCUSSION AND ANALYSIS (MD&A): Industry Structure and Development The global economy staged a remarkable rebound in the last financial year reducing the fears of a double dip recession that some had bad forecast in 2009. The recovery was aided by the continuation of stimulus measures adopted during 2008-2009 by developed as well as emerging economics including India. Increased liquidity in the developed economies impacted sentiment and boosted consumption as well as investment.

The Company is primarily engaged in the business of commodities market and F&O activities. Commodities market was boom throughout the year. The company also started trading business from last three years to achieve the company goals. The company is trying to keep up with the pace of growth of the Indian market. The company is building

various earning platform for the forthcoming year to come out from the red into the green. Company’s Financial Review The Company has suffered net loss of Rs.0.52 Lakh for the year 2011-2012. The Company’s income is mainly derived from the investments and activity from Commodity market, Finance Consultancy and Textiles Sector. Resources & Liquidity Company has invested the liquid resources in Inter Corporate Deposits to earn interest income wherever it was considered appropriate. Risk, Internal Control System and Adequacy The company has adequate internal control procedure commensurate with its size and nature of the business. The internal control system is supplemented by extensive internal audits, regular reviews by the management and well documented policies and guidelines to ensure the reliability of financial and all other records to prepare financial statements. The company continuously upgrades these systems in line with best accounting practices. The company is benefited from having a team of professionals as promoter and independent directors, who are capable of exercising various checks and control effectively. Environment, Health and Safety Environment, Health and Safety (EHS) is one of the primary values of your company. Your company’s EHS policy is to consider compliance to statutory EHS requirements as the minimum performance standard and is committed to go beyond and adopt stricter standards wherever appropriate. Your company also gives priority and attention to the health and safety of its employees and trains all the employees to work as per prescribed procedures designated to meet all EHS requirements. Human Resource Development Human Resources is one of the key assets that has been nurtured and encouraged for active participation in company’s growth. The company has well defined appraisal system in pace for recognition of talented and deserving employees, whose includes line and staff function personal. The industrial relations remained cordial during the year. The company have never faced any staffs unrest or any discomfort in relations with its staff due to the professional approach of the management towards this factor.

5. DEPOSITS The company has not accepted any fixed deposit from the public within the meaning of Section 58A of Companies Act, 1956 and the rules made there under. 6. AUDITORS’ QUALIFICATION As regards Auditors Qualification in their report, your attention is drawn to notes forming part of the accounts, which are self-explanatory. 7. DIRECTORATE In Accordance with Articles of Associations of the Company Mr. S. N. Kalantry, Director of the Company retires by rotation at the forthcoming Annual General Meeting and being eligible, offers him-self for re-appointment. 8. DIRECTOR RESPOSIBILITY STATEMENT Pursuant to the requirement under section 217 (2AA) of the Companies Act, 1956, with respect to the Directors’ Responsibility Statement, it is hereby confirmed that:

i) in the preparation of the annual accounts for the year ended March 31, 2012,

the applicable accounting standards read with requirements set out under Schedule VI to the Companies Act, 1956 have been followed and no material departures from the same;

ii) the Directors have selected such accounting policies and applied them

consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of state of affairs of the Company as at March 31, 2012 and of the loss of the Company for the year ended on that date;

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

adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities; and

iv) the Directors have prepared the annual accounts of the Company on a ‘going

concern’ basis. 9. AUDITORS M/S Vikash Jindal & Associates, Chartered Accountants, Mumbai retire at the ensuing Annual General Meeting and being eligible is appointed for the next year.

10. AUDIT COMMITTEE The Company has constituted an Audit Committee of Directors as required under section 292A of the Companies Act,1956.Some of the terms of reference of audit committee are to review the financial reporting process and to examine accountancy, Taxation and disclosure aspect of significant transactions. 11. CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION &FOREIGN EXECHANGE EARNINGS & OUTGO

a) Conservation of energy: During the year your company is not engaged any manufacturing Activities.

b) Technology Absorption: The Technology selected by your company is most

modern and State of the Art.

c) Foreign Exchange Earnings & Outgo: The particulars with respect of Foreign Exchange Earning And Expenditure pursuant to Companies (Disclosure of particulars in the Report of Board of Directors) Rules,1988 is NIL

12. CORPORATE GOVERNANCE In terms of clause 49 of the Listing Agreement with the Stock Exchanges a report on the corporate Governance is appended as annexure to this report. 13. PARTICULARES OF EMPLOYEES As there were no employees drawing remuneration more than the limit prescribed under section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of the employees) Rules 1975 , as amended from time to time, statement under section 217(2A) is not annexed. 14. DEMATERIALISATION The Shares of the Company are traded compulsorily in demat form and are available for trading under both the Depository systems in India i.e. NSDL (National Securities Depository Limited and CDSL (Central Depository Service (India) Limited) Under the Depository system, the International Securities Identification Number (ISIN) allotted to the company’s Equity Shares is 15. ACKNOWLEDGMENT Your company and its Directors wish to take this opportunity to offers their sincere thanks to various departments of the Central / State Government, Financial Institutions, Banks and Investors for their valuable support and assistance.

Your Directors also wish to place on record their appreciation for devoted services rendered by the staff and Executives of the Company. 16. CAUTIONARY STATEMENT The statements in this report including Management’s Discussion and Analysis report reflects Company’s projections estimates, expectations or predictions and contain forward looking statements that involve risks and uncertainty. The Company and the Management shall not be held liable for any loss, which may arise as a result of any action taken on the basis of the information contained herein. Readers are cautioned not to place undue reliance on these forward looking statements that speak only of the expectations as on that date. By order of the Board of Directors SUNRISE ASIAN LIMITED Place: Mumbai MAHESH JOSHI KALPESH JANI Date: 01.09.2012 DIRECTORS

SUNRISE ASIAN LIMITED

REPORT ON CORPORATE GOVERNANCE 1. COMPANY’S PHILOSOPHY ON CORPORATE GOVERNANCE

Your company’s philosophy of Corporate Governance has evolved from its continued faith in fundamentals of fairness, accountability, disclosures and transparency. The Company believes that Corporate Governance is a pre-requisite for attaining sustainable growth in this competitive corporate world.

The governance practices followed by your company have played a vital role in its journey of continued success. All the procedures, policies and practices followed by your company are based on sound governance principles. Comprehensive disclosures, structured accountability in exercise of powers and commitment incompliance with regulations and statues in latter as well as sprit have enabled your company to enhance shareholder value.

Your Company has compiled with all regulation stipulated by the Clause 49 of the Listing Agreement. The Company’s policies and practices cover most of the elements of the corporate governance voluntary guidelines, 2009 issued by the Ministry of Corporate Affairs.

2. BOARD OF DIRECTORS

(i) Composition of Board, Directorships and Committees position held in other Companies as at 31st March 2012

Directors No. of outside Directorship Held

Outside Committees# As Chairman As member

Mr. S.P. Kalantari 1 None 1 Mr. O.P. Gupta None None None Mr. Sanjay Dhelia 1 None 1

# Only three Committees viz. Audit Committee, Shareholders’ Grievance Committee and Remuneration committee are considered for this purpose

(ii) Attendance of Directors in meetings held during the financial year 2011-12

S. N.

Nature & Date of Meetings

Name of Directors S.P. Kalantari O.P. Gupta Sanjay Dhelia

1 Board on 31.05.2011 Present Present Present 2 Board on 30.07.2011 Present Present Present 3 Board on 15.11.2011 Present Present Present 4 Board on 13.02.2012 Present Present Present 5 Members on 30.09.11 Present Present Present

The Board of Directors meets atleast once in a quarter to review the quarterly financial results and operation of the company. In addition to the above, the Board also meets as and when necessary to address specific issue relating to the business.

3. AUDIT COMMITTEE

(i) Terms of Reference

The Audit Committee has been mandated with the terms of reference as specified in Clause 49 of the Listing agreement with the Stock Exchange, Mumbai & enumerated in section 292A of the Companies Act, 1956 and covers all the aspects stipulated by the SEBI Guidelines.

(ii) Composition Name of Members and Chairman

The Audit Committee is comprised of three directors. During the financial year ended 31.03.2012, four Committee Meetings were held on 31st May, 2011, 30th July, 2011, 15th November, 2011 & 13th February, 2012. The composition of the Audit Committee and the attendance of each Director at their meetings are as follows:-

Sr.No Members Meetings attended

1 Mr. S. P. Kalantari Yes 2 Mr. O.P. Gupta Yes 3 Mr. Sanjay Dhelia Yes

(iii) Invitee: (being entitled to attend as per relevant provisions of applicable laws/rules and/or as

and when felt necessary)

(a) The Statutory Auditors viz. M/s. Vikash Jindal & Associates

(iv) The Chairman of the Audit Committee attended the Annual General Meeting held on 30th September, 2011 and provided clarifications to the members of the Company on the matters relating to Accounts and finance.

(v) An Audit Committee meeting was held on 31st May, 2011 where the Annual Financial

Statements for the year ended 31st March, 2011 were reviewed and examined by the members of the Audit Committee before recommending the same to the Board of Directors for their perusal and adoption.

The Audit Committee reviewed the Quarterly/Half Yearly Un-audited Financial Results on the following dates before recommending the same to the Board.

Financial Reporting Date of Approval by Audit Committee Quarter/Year ended 31st March, 2011 31st May, 2011 Quarter ended 30th June, 2011 30th July, 2011 Quarter/Half Year ended 30th Sept. 2011 15th November, 2011 Quarter ended 31st December, 2011 13th February, 2012

4. REMUNERATION COMMITTEE

(i) Terms of Reference

The Company has constituted a Remuneration Committee to determine the remuneration payable to the Directors and to approve the selection, appointment and remuneration of relatives of Directors for holding an office of profit pursuant to section 314 of the Companies Act, 1956.

(ii) Remuneration Policy

The Company’s remuneration policy aims to attract and retain talent and is in accordance with the industries practices. The policy ensures equity, fairness and consistency in rewarding the employees on the basis of performance against earmarked objectives. The components of the total remuneration vary for different employee grades and are governed by industry patterns, qualifications and experience of the employee, responsibilities handled by him.

5. SHAREHOLDERS COMMITTEE

(i) The Company has a ‘Share Transfer Committee’ to approve transfer and transmission of

securities, issue of duplicate certificates and deals with other Shareholder related issues headed by Mr. S.P. Kalantari Director of the Company. The Committee met twice during the year.

(ii) The Company has constituted the Shareholders / Investors Grievance Committee headed by

Mr. Sanjay Dhelia, Director to specifically look into redressing of Shareholders’ and Investors’ complaints. It met one time during the year 2011-2012. Mr. Sanjay Dhelia has also been designated by the Board as the ‘Compliance Officer’ of the Company for complying with the requirements under the Listing Agreement with the Stock Exchange, Mumbai.

(iii) Number of Shareholders’ complaints received during the year : Nil

Number not solved to the satisfaction of the Shareholders : Nil Number of pending share Transfers : Nil 6. (i) DETAILS OF GENERAL MEETING

Financial Year

Date of the meeting

Venue Time

2008-2009 30-09-2009 401-405, Dalamal House, J Bajaj Road, Nariman Point, Mumbai – 400 021

3.30 P.M.

2009-2010 30-09-2010 3rd Floor, Forbes Building, Charan Jeet Singh Rai Marg, Fort, Mumbai – 400 002

3.30 P.M.

2010-2011 30-09-2011 3rd Floor, Forbes Building, Charan Jeet Singh Rai Marg, Fort, Mumbai – 400 002

3.30 P.M.

All special resolutions set out in the notices for the Annual General Meetings were passed by the shareholders at the respective meetings with requisite majority.

(ii) No Postal Ballot was put through during the last year as well as year 2011-2012 and as of

now there is no proposal pending for passing any resolution through Postal Ballot in the ensuing Annual General Meeting.

7. DISCLOSURES

Disclosure on materially significant related party transactions.

:

There were no materially significant related party transactions i.e. transactions of material nature with its promoters, directors or the management or relatives etc. during the year that may have potential conflict with the interests of the Company at large.

Details of Non-compliance by the Company, penalties, and strictures imposed on the Company by Stock Exchange or SEBI or any Statutory Authority or any matter related to Capital Market during last three years.

:

None

Reconciliation of Share Capital Audit

:

Reconciliation of Share Capital Audit was carried out by a practicing firm of Chartered Accountants to reconcile the total admitted capital with National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) and the total issued and listed capital. The audit confirms that the total issued/paid capital of the Company is in agreement with the total number of shares in physical form and the total number of dematerialized shares held with NSDL and CDSL.

8. MEANS OF COMMUNICATION.

Half yearly report sent to each household of Shareholder

: No

Financial Results : The financial results have been sent to the regional stock exchange on which the Company is listed in the prescribed format so as to enable the Stock Exchange to put them on their own web sites.

Whether Management Discussion and Analysis Report is a part of Annual Report or not

: Yes

9. GENERAL SHAREHOLDERS INFORMATION

(i) Next AGM: Date Time Venue

29-09-2012

3.30 p.m.

201, Kalpatru Plaza, Chincholi Bunder Road, Malad (West), Mumbai – 400 064

(ii)

Next Dates of Book Closure

:

27-09-2012 to 29-09-2012 (both days inclusive)

(iii)

Code of Conduct for Prevention of insider Trading: Pursuant to the requirements of SEBI (Prohibitions of insider Trading) (Amendment) Regulations, 2008. The Company has adopted a “Code of Conduct for Dealing in Securities”. The said Code of Conduct will be updated from time to time in line with the requirements of SEBI guidelines.

(iv) Dividend Payment Date : Not Applicable (v)

Listing on Stock Exchanges

:

The Shares of the Company are listed at Bombay Stock Exchange Limited, Mumbai – 400 001

(vi) Stock Code : 506615 (vii) ISIN No. for the Company’s

Equity Share in Demat Form : INE 917D01011

(viii) Depository Connectivity : National Securities Depository Ltd

(NSDL) and Central Depository Services (India) Ltd (CDSL)

(ix) Stock Market Data Shares of the Company are very infrequently traded at the Bombay Stock

Exchange and last traded price is Rs. 60/- in the month of September, 2011 after revocation of suspension of trading by the Bombay Stock Exchange in the month of August, 2011.

(x) (xi)

Registrar & Transfer Agents: The Company has appointed M/s. Adroit Corporate Services Private Limited as a common agency for share registry work (both physical & electronic) for all matters connected with transfers and transmission of shares and also dematerialization of shares and other related functions. Share Transfer System: With a view to expedite the process of share transfers, the Board of Directors has delegated the power of share transfer to Share Transfer Committee of the Board, which meets as and when required. The shares for transfer received in physical mode by the Company, are transferred expeditiously and thereafter, option letter is sent to the transferee(s) for dematerialization, Confirmation in respect of the request for dematerialization of shares is sent to the respective depositories, i.e. National Security Depository Limited (NSDL) and Central Depository Services (India) Limited within 7 days.

(xii)

Registrar and Transfer Agent

M/s. Adroit Corporate Services Pvt. Ltd. 19, Jaferbhoy Industrial Estate, Makwana Road, Marol Naka, Andheri (E), Mumbai – 400 059 Tel No. 022-28596060 Contact Person: Mrs. Veena Shetty

(xiii) DISTRIBUTION OF SHAREHOLDING AS ON 31ST MARCH, 2012

(a) According to Category holdings Category No. of

Shareholders % of total

Shareholders No. of Shares % of

shareholding Promoters & Group 4 1.91 2135770 50.11Person Acting in concert 0 0.00 0 0.00FI(s) Bank & Mutual Fund 0 0.00 0 0.00Individual/Indian Public 199 94.76 2085600 48.94Corporate Bodies 7 3.33 40550 0.95NRI/OCB (Promoter Group) 0 0.00 0 0.00Clearing Members 0 0.00 0 0.00 Venture Capital 0 0.00 0 0.00 Total 210 100.00 4261920 100.00

(b) According to Number of Equity Shares

No. of Equity Shares held

No. of shareholders

% of total shareholders

No. of shares % of shareholding

Upto 5000 94 44.76 279200 6.55 5001 to 10000 67 31.90 525650 12.33 10001 to 20000 30 14.28 519000 12.18 20001 to 30000 9 4.29 231000 5.42 30001 to 40000 1 0.48 40000 0.94 40001 to 50000 - - - - 50001 to 100000 8 3.81 630750 14.80 Above - 100001 1 0.48 2036320 47.78

Total 210 100.00 4261920 100.00

(xiv) Dematerialization of Shareholding and liquidity

100% of Company’s Equity Shares dematerialized as on 31/03/2012

(xv) Outstanding GDRs/ADRs/Warrants or any Convertible Instruments, conversion date and likely impact on equity

Not applicable

(xvi) Plant Locations Not Applicable.

(xvii) Address for Correspondence The shareholders may address their

communications/suggestions/grievances/queries to our share transfer agent M/s. Adroit Corporate Services Pvt. Ltd. 19, Jaferbhoy Industrial Estate, Makwana Road, Marol Naka, Andheri (E), Mumbai – 400 059 Tel No. 022-28596060 Contact Person: Mrs. Veena Shetty

Declaration under Clause 49 of the Listing Agreement: I hereby confirm that: The company has obtained from all the members of the board and senior management personal, affirmation that they have compiled with the Code of Conduct for board members and senior management personal in respect of the financial year ended 31st March, 2012. Sd/-- Mahesh Joshi Place: Mumbai Director Date : 01-09-2012

Chief Executive Officer and Chief Financial Officer Certificate: I, Mahesh Joshi, Chief Finance Officer and Director of the Company, to the best of my knowledge and belief, certify that: (a) I have reviewed financial statements and the cash flow statement for the year ended 31st March,

2012 and that to the best of my knowledge and belief: (i) these statements do not contain any materially untrue statement or omit any material fact or

contain statements that might be misleading;

(ii) these statements together present a true and fair view of the Company’s affairs and are in compliance with existing accounting standards, applicable laws and regulations.

(b) There are, to the best of my knowledge and belief, no transactions entered into by the Company

during the year which are fraudulent, illegal or violative of the Company’s Code of Conduct.

(c) I have reviewed the internal controls and procedures, and to the best of my knowledge and information, I affirm that the Company has adequate internal controls and procedures.

(d) Based on my knowledge and information:

(i) there have been no changes in the accounting policies during the year;

(ii) no significant changes in internal controls during the year; and

(iii) there have been no instances of significant fraud during the year, which has come to the

knowledge of the management.

Place : Mumbai Sd/-- Dated: 01-09-2012 Mahesh Joshi CFO/Director

AUDITOR’S REPORT To, The Members, SUNRISE ASIAN LIMITED 1. We have audited the attached Balance Sheet of SUNRISE ASIAN LIMITED as at 31st March, 2012 and also the Profit & Loss Account and the Cash Flow Statement of the Company for the year ended on that date annexed thereto. These financial statements are the responsibilities of the Company’s Management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. 1. As required, by the Companies (Auditor's Report) Order, 2003 issued by the

Central Government of India in terms of Section 227(4A) of the Companies Act, 1956, We enclose in the annexure, a statement on the matters prescribed in paragraphs 4 and 5 of the said order to the extent applicable.

2. Further to our comments in the Annexure referred to in paragraph (2) above, we

report that:

i) We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purposes of our audit.

ii) In our opinion proper books of account as required by law have

been kept by the Company so far as appears from our examination of the books.

iii) The said Balance sheet and Profit & Loss Account dealt by this

report are in agreement with the books of account.

iv) In our opinion, the Balance Sheet and Profit & Loss Account dealt with by this report comply with the accounting Standards referred to in sub-section (3C) of Section 211 of the Company Act, 1956; Except AS-15 on "Accounting of Retirement Benefit to Employees" which is on cash basis.

v) On the basis of the written representations received from the

directors, as on 31st March, 2012, and taken on record by the Board of Directors, We report that none of the directors is disqualified as on 31st March, 2012 from being appointed as a director in terms of clause (g) of Sub-section (I) of Section 274 of the Companies Act, 1956.

vi) In our opinion and to the best of our information and according to

the explanations given to us, the said accounts read with and subject to notes thereon, gives the information required by the Companies Act, 1956 in the manner so required and give a true and fair view:

a) In the case of Balance Sheet of the state of affairs of the

Company as at 31st March, 2012 and; b) In the case of Profit and Loss account of the Loss for the year

ended on that date.

c) In the case of Cash Flow Statement, of the cash flows of the Company for the year ended on that date.

For Vikash Jindal & Associates Chartered Accountants

(Vikash Jindal) Proprietor FR No. 129922W

Place: Mumbai Dated: 31.05.2012

SUNRISE ASIAN LIMITED ANNEXURE TO THE AUDITORS’ REPORT

(Referred to in Paragraph (1) of our Report of even date)

i The Company has not any fixed assets. Therefore sub-clause (b) and (c) to clause 4(i) are not applicable to company.

ii. (a) The stock in trade has been physically verified during the year by the

management. In our opinion, the frequency of verification is reasonable.

(b) In our opinion and according to the information given to us, the procedure of physical verification of inventories followed by the management is reasonable and adequate in relation to the size of the company and the nature of its business.

(c) According to the information and explanations given to us the company is maintaining proper records of inventory and discrepancies found in physical verification have been properly dealt with in the accounts.

iii. (a) The Company has not granted loan to any party listed in the register to be maintained under section 301 of the Companies Act, 1956. Therefore sub-clause (b), (c) and (d) to clause 4(iii) are not applicable to the Company.

(e) The Company has not taken loan from any party listed in the register to be maintained under section 301 of the Companies Act, 1956. Therefore sub-clause (f) and (g) to clause 4(iii) are not applicable to the Company.

iv. In our opinion and according to the explanations given to us, there is an adequate internal control system commensurate with the size of the company and the nature of its business with regard to purchases of inventory, fixed assets and sale of goods and services. During the course of the audit we have not observed any continuing failure to correct major weaknesses in internal control.

v. In our opinion and according to the information and explanations given to us, the transactions of purchase of inventory in pursuance of contracts of arrangements entered in the register maintained under Section 301 of the Act, and aggregating during the year to Rs.5,00,000 or more in respect of each party have been made at the prevailing market prices at the relevant time.

vi. As informed to us the company has not accepted any deposits from the public to which section 58A, 58AA or any other relevant provisions of the Companies Act, 1956 and the rules framed there under apply.

vii. In our opinion, the Company has an adequate internal audit system commensurate with its size and nature of its business.

viii. As informed to us, the Central Government has not prescribed the maintenance of the cost records under section 209(1)(d) of the Companies Act, 1956.

ix. According to the records of the company and the information and explanations given to us, undisputed statutory dues including provident fund, investor education and protections fund, employees state insurance, income tax, sales tax, wealth tax, service tax, custom duty, excise duty cess and other material statutory dues applicable to it, have been regularly deposited with the appropriate authorities. As explained to us, no undisputed amounts payable were outstanding for more than six months at the end of the accounting year from the date they become payable.

x. The Accumulated Losses at the end of the financial year are amounting to Rs.443.41 Lakh, which is more than 100% of the Net worth. The company has incurred cash losses of Rs.0.52 Lakh for the period under reference but company has no cash losses in the year immediately proceeding the financial year.

xi. Based on our audit procedures and according to the information and explanations given to us, during the year, there are no dues from the bank or Financial Institution.

xii. As informed to us, the company has not granted any loans and advances on the basis of security by way of pledge on any shares, debentures and other securities. Therefore, the provisions of clause 4(xii) of the companies (Auditor's Report) Order 2003 are not applicable to the Company.

xiii. In our opinion, the Company is not a chit fund or a nidhi mutual benefit fund/society. Therefore, the provisions of clause 4(xiii) of the Companies (Auditor's Report) Order 2003 are not applicable to the Company.

xiv. As informed to us the Company is not dealing or trading in shares, securities, debentures and other investments, Therefore, the provisions of clause 4(xiv) of the Company’s (Auditor’s Report) Order 2003 are not applicable to the company.

xv. As informed to us, the Company has not given any guarantee for any loans taken by other from bank or financial institutions. Therefore, the provisions of clause 4(xv) of the Companies (Auditor’s Report) Order 2003 are not applicable to the Company.

xvi. On the basis of information and explanations given to us, the company has not obtained and / or applied any term loan during the year.

xvii. On the basis of information and explanations given to us and on an overall examination of the Balance Sheet and the Cash Flow Statement of the Company, we report that no funds raised on short term basis have been used during the year for long term investment.

xviii. The Company has not made any preferential allotment of shares during the

year under review.

xix. The Company has not issued any debentures during the year.

xx. During the year under review, The Company has not raised any money by way of public issues. Hence the question of verification of end use of money raised in public issue as per the provision of clause 4(xx) of the companies (Auditor's Report) Order 2003 does not arise.

xxi. On the basis of our examinations and according to the information and explanations given to us, no fraud/s on or by the Company has been noticed or reported during the course of the audit.

For Vikash Jindal & Associates

Chartered Accountants Place : Mumbai (Vikash Jindal) Dated: 31.05.2012 Proprietor FR No. 129922W

Particulars NoteFigures as at the end of current reporting period

Figures as at the end of previous reporting period

I. EQUITY AND LIABILITIES(1) Shareholder's Funds(a) Share Capital 2 42,619,200 42,619,200 (b) Reserves and Surplus 3 ‐44,341,328 ‐44,289,505

(2) Current Liabilities(a) Trade Payables 13,026,977 9,370,341 (b) Other Current Liabilities 4 137,794 137,000 (c) Short‐Term Provisions 5 278,100 278,100

Total 11,720,743 8,115,136 II.ASSETS(1) Non‐Current Assets(a) Fixed Assets (i) Tangible assets 6 ‐ ‐

(b) Long‐term loans and advances 7 3,586,739 3,728,697

(2) Current Assets(a) Trade receivables 8 8,072,516 4,261,265 (b) Cash and cash equivalents 9 40,788 104,475 (d) Other Current Assets 10 20,700 20,700

Total 11,720,743 8,115,136 Significant Accounting Policies and Notes on Financial Statement 1 to 19As per Our Report of Even DateFor Vikash Jindal & Associates For Sunrise Asian LimitedChartered Accountants

Omprakash Gupta Sanjay Dhelia(Director) (Director)

(Vikash Jindal) ProprietorMembership No. : 408934Firm Reg. No.: 129922W

Place: MumbaiDated: 31‐05‐2012

SUNRISE ASIAN LIMITEDBALANCE SHEET AS AT 31ST MARCH, 2012

Sr. No

Particulars Note Figures as at the end of current reporting period

Figures as at the end of previous reporting period

I Revenue from operations 11 3,811,251 6,325,265 II Other Income 12 ‐ 966,183 III III. Total Revenue (I +II) 3,811,251 7,291,448 IV Expenses:

Purchase of Stock in Trade 3,345,506 5,975,185 Employee Benefit Expense 13 272,171 264,500 Finance Cost 14 1,852 771 Depreciation and Amortization Expense 15 ‐ 1,781 Other Administrative Expenses 16 243,545 241,272

(IV) Total Expenses 3,863,074 6,483,509 V Profit before exceptional and extraordinary items and tax (III ‐ IV) ‐51,823 807,939

VI Exceptional Items ‐ ‐

VII Profit before extraordinary items and tax (V ‐ VI) ‐51,823 807,939

VIII Extraordinary Items ‐ ‐

IX Profit before tax (VII ‐ VIII) ‐51,823 807,939

X Tax expense: (1) Current tax ‐ 278,100 (2) Deferred tax ‐ ‐

XI Profit(Loss) from the year from continuing operations (IX‐X) ‐51,823 529,839

XII Profit/(Loss) from discontinuing operations ‐ ‐

XIII Tax expense of discounting operations ‐ ‐

XIV Profit/(Loss) from Discontinuing operations (XII ‐ XIII) ‐ ‐

XV Profit/(Loss) for the year (XI + XIV) ‐51,823 529,839

XVI Earning per equity share (Basic and Diluted) 18 ‐0.01 0.12 Significant Accounting Policies and Notes on Financial Statement 1 to 19As per Our Report of Even Date

For Vikash Jindal & Associates For Sunrise Asian LimitedChartered Accountants

Omprakash Gupta Sanjay Dhelia(Director) (Director)

(Vikash Jindal) ProprietorMembership No. : 408934Firm Reg. No.: 129922W

Place: MumbaiDated: 31‐05‐2012

SUNRISE ASIAN LIMITEDPROFIT & LOSS STATEMENT FOR THE YEAR ENDED ON 31ST MARCH, 2012.

Particulars

A. Cash Flow from Operating ActivitiesNet profit before Taxation and extra ordinary item (51823) 807,939 Adjustment from: Depreciation - 1,781 Loss / (Profit) on sale of Fixed Assets - (966,183)

Operating profit before working capital chnages (51,823) (156,463)

Decrease/(Increase) in Trade and Other Receivables (3,811,251) (4,261,265) Decrease/(Increase) in Inventories - - (Decrease)/Increase in Trade and Other Payables 3,657,430 3,939,945 Cash Generated from Operation (205,644) (477,783)

Direct Tax paid - - Net Cash Flow from Operating activities (205,644) (477,783)

B. Cash Flow from Investing activities Proceeds from sale of Fixed Assets - 1,011,000 Decrease/(Increase) in Loans & Advances 141958 (842,943)

Net Cash Flow from Invetsing activities 141,958 168,057

C. Cash Flow from financing activitiesIncrease/(Decrease) in Long Term Borrowings - -

Net Cash Flow from Financing activities - - Net increase in cash and cash equivalents (63,686) (309,726) Cash and cash equivalents at beginning of year 104,475 414,202 Cash and cash equivalents at end of year 40,788 104,475

As per our attached report of even date For and on behalf of the BoardFor Vikash Jindal & AssociatesChartered Accountants

(Vikash Jindal) Omprakash Gupta Sanjay DheliaProprietor Director DirectorFR No. 129922W

Place : MUMBAIDATE :31/05/2012

SUNRISE ASIAN LIMITEDCash Flow Statement for the Financial Year 2011-2012

2011-12 2010-11Amount In Rs. Amount In Rs.

SUNRISE ASIAN LIMITED Notes Forming Integral Part of the Balance Sheet as at 31st March, 2012. Note 1: SIGNIFICANT ACCOUNTING POLICIES:

(a) Basis of Preparation of Financial Statements

The Financial Statements are prepared under the historical cost convention and on accrual basis except those stated at revalued amount on the going concern basis.

(b) Inventory

Inventory of traded goods are carried at lower of cost and net realizable value.

(c) Revenue Recognition Revenue is recognized only when it can be reliability measured and it is reasonable to except ultimate collection.

(d) Retirement Benefits

The Company follows the policy of accounting for the retirement benefits only on crystallization of the liability.

(e) Provision for Current and Deferred Tax

Tax expense comprise of current tax (i.e. amount of tax for the period determined in accordance with applicable taxable laws), and deferred tax charge or credit (reflecting the tax effects of timing differences between accounting income and taxable income for the period). Deferred Tax Assets are recognized only to the extent there is reasonable certainty that the assets can be realized in future; however, where there is unabsorbed depreciation and carry forward loss under applicable tax laws, deferred tax assets are recognized only if there is virtually certainty of realization of such assets.

Note : 2 Share Capital

Sr. No Particulars Current Year Previous Year

1 AUTHORISED CAPITAL5000000 Equity Shares of Rs.10 each 50,000,000 50,000,000 (Previous year 5000000 Equity Shares of Rs. 10/‐ each)

50,000,000 50,000,000

2 ISSUED , SUBSCRIBED & PAID UP CAPITAL4261920 Equity Shares of Rs.10/‐ each fully paid up 42,619,200 42,619,200 (Previous year 4261920 Equity Shares of Rs. 10/‐ each)

Total 42,619,200 42,619,200

2.1 The details of Shareholders holding more than 5% shares:Name of the Shareholder Numbers Percentage

Holding

Mr. Anirudh Shreenarayan Baheti 2,036,320 47.78%‐2,036,320 (47.78%)

2.2 The Reconciliation of number of shares outstanding is set out below:Name of the Shareholder Current Year Previous Year

Equity Shares at the beginning of the year 4,261,920 4,261,920 Add/(Less): Shares Alloted/(Bought Back) during the year ‐ ‐ Equity Shares at the end of the year 4,261,920 4,261,920

Note : 3 Reserve & Surplus


1 Capital ReserveAs per Last Balance Sheet 18,068,168 18,068,168 Add: Addition during the year ‐ ‐

18,068,168 18,068,168

2 Profit and Loss AccountAs per Last Balance Sheet ‐62,357,673 ‐62,887,512Add: Profit for the year ‐51,823 529,839

‐62,409,496 ‐62,357,673Total ‐44,341,328 ‐44,289,505

Note : 4 Other Current Liabilities


1 Other Payables 137,794 137,000

Total 137,794 137,000

Note : 5 Short Term Provisions


1 Provision for Tax 278,100 278,100

Total 278,100 278,100

Notes Forming Integral Part of the Balance Sheet as at 31st March, 2012

SUNRISE ASIAN LIMITED

Note : 6 Fixed Asset

Value at the beginning

Addition during the

year

Deduction during the

year

Value at the end

Value at the beginning

Addition during the

year

Deduction during the

year

Value at the end

WDV as on 31.03.2012

WDV as on 31.03.2011

I Tangible Assets ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

SUB TOTAL (A) ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Total (Current Year) ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Total (Previous Year) 110,000 ‐ 110,000 ‐ 63,402 1,781 65,183 ‐ ‐ 46,598

Particulars Rate

Gross Block Depreciaton

SUNRISE ASIAN LIMITEDNotes Forming Integral Part of the Balance Sheet as at 31st March, 2012

Net BlockSr. No

Note : 7 Long Terms Loans and AdvancesSr. No

Particulars Current Year Previous Year

1 Other Loans and Advances Deposits 169,896 169,896 Advance to Others 3,416,843 3,558,801

Total 3,586,739 3,728,697

Note : 8 Trade Recievables Sr. No


1 Outstanding for a period exceeding six monthsUnsecured, Considered Good 8,072,516 ‐

2 OthersUnsecured, Considered Good ‐ 4,261,265

Total 8,072,516 4,261,265

Note : 9 Cash and Cash EquivalentSr. No


1 Cash‐in‐HandCash Balance 20,508 72,869

Sub Total (A) 20,508 72,869

2 Bank BalanceIn Current Account 20,281 31,606

Sub Total (B) 20,281 31,606 Total [ A + B] 40,788 104,475

Note : 10 Other Current AssetsSr. No


1 Balances with the Sales Tax Authorities 20,700 20,700

Total 20,700 20,700

SUNRISE ASIAN LIMITEDNotes Forming Integral Part of the Balance Sheet as at 31st March, 2012

Note : 11 Revenue from OperationsSr. No


1 Sale of Product 3,811,251 6,325,265

Total 3,811,251 6,325,265

Note : 12 Other IncomeSr. No


1 Net gain/loss on sale of Fixed Assets ‐ 966,183

Total ‐ 966,183

Note : 13 Employement Benefit ExpensesSr. No


1 Salaries, Bonus, PF etc. 243,700 264,500 2 Staff Welfare Expenses 28,471 ‐

Total 272,171 264,500

Note : 14 Financial CostSr. No


1 Bank Charges 1,852 771

Total 1,852 771

Note : 15 Depreciation & Amortised CostSr. No


1 Depreciation ‐ 1,781

Total ‐ 1,781

Note : 16 Other Administrative ExpensesSr. No


1 Conveyance Expenses 15,459 25,971 2 Exchange Fees and Other Charges 40,113 38,755 3 Office Expenses 49,308 47,834 4 Printing and Stationery 7,579 ‐ 5 Professional Fees 6,618 19,303 6 ROC Fees Expenses 57,500 ‐ 7 Registrar and Depository Fees 52,944 99,409 8 Payment to Auditors 10,000 10,000 9 Telephone Expenses 4,024 ‐

Total 243,545 241,272

SUNRISE ASIAN LIMITEDNotes Forming Part of the Balance Sheet as at 31st March, 2012

SUNRISE ASIAN LIMITEDNotes Forming Part of the Balance Sheet as at 31st March, 2012

Note : 17 Auditors' RemunerationSr. No


1 Statutory Audit Fees 10,000 10,000

Total 10,000 10,000

Note : 18 Earning Per ShareSr. No


1 Net Profit after tax as per statement of profit and loss attributable to Equity Shareholders ‐51,823 529,839

2 Weighted Average number of equity shares outstanding 4,261,920 4,261,920

3 Basic and Diluted Earning Per Share ‐0.01 0.12

4 Face Value per equity shares 10 10

Note : 19 Related Party Transaction

I Key Managerial Personnel and their relativesMr. Sanjay DheliaMr. O. P. GuptaMr. S. P. Kalantri

II There were no transaction with related party during the financial year under audit as well asimmediately preceding financial year.

Sunrise Balance Sheet as on 31-3-12

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Transcript of Sunrise Balance Sheet as on 31-3-12