Directors Report of Bala Techno Industries Ltd.

Mar 31, 2014

DEAR MEMBERS

The Directors have pleasure in presenting the 23rd Annual Report together with the Audited Statement of Accounts for the year ended 31st March, 2014 .

FINANCIAL RESULTS

Your Company''s performance during the period is summarized below:

For the year ended For theyear ended 31st March, 2014 31st March, 2013 (Rs.in lacs) (Rs.in lacs)

Gross Income 15665.70 13474.83

Gross Profit/(Loss) 61.62 63.54

Less: Depreciation 59.33 59.95

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Profit/(Loss)before Tax 2.29 3.59

Add: Deferred Tax 8.31 8.14

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10.60 11.73 Less: Provision for Taxation 16.51 5.31

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Net Profit/(Loss)After Tax (5.91) 6.42

Add: Profit /(Loss)brought forward from previous year 272.04 265.62

Balance Profit/(Loss) ---------- ----------

Carried Forward 266.13 272.04

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DIVIDEND

Your Board of Directors does not recommend any Dividend on equity and preference shares in order to conserve the resources.

PERFORMANCE AND OUTLOOK

The Gross Income for the year was Rs.15665.70 Lacs against Rs. 13474.36 lacs in previous year and the net loss was Rs. 5.91 Lacs for the year against net profit of Rs.6.42 lacs in previous year. The Company''s performance is in line with the Industry trend during the year under review and expects better financial results in ensuing year.

DIRECTORS

Shri C.P Mehra (DIN NO:00573363)and Shri Sanjay Khanna (DIN NO: 00573230) , Directors of the company retire by rotation and being eligible offer themselves for reappointment.

Shri Amitabha Mukherjee (DIN NO:00572311) ceased to be Director of the company with effect from 31.03.2014.Your Director place on record their appreciation of the contribution made by him during his tenure as Director on the Board.

Shri Anil Kumar Saha (DIN NO:01698716) and Smt. Mina Roy (DIN NO:00597374) were appointed as Directors of the Company with effect from 30.03.2014. They hold office upto the ensuing Annual General Meeting. The Company has received notice from the members under section 160 of the Companies Act,2013 proposing their candidature as director of thecompany

DIRECTORS''S RESPONSIBILITY STATEMENT

Pursuant to the requirement under Section 134(5) of the Companies Act, 2013 with respect to Directors'' Responsibility Statement, it is hereby confirmed:

i) That in the preparation of the accounts for the year ended 31st March, 2014 the applicable accounting standards have been followed along with proper explanation relating to material departures.

ii) That 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 the state of affairs of the Company at the end of the Financial year and of the profit of the Company for the year under review.

iii) That the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

iv) That the Directors have prepared the accounts for the financial year ended 31st March, 2014 on a going concern basis.

ISSUE OF PREFERANCE SHARES

In order to raise resources for the purpose of strengthening the long term resource base of the company and to meet requirement for other corpoarte purposes, the company has issued and allotted 0.01% Cummulative Redemable Preference Shares of Rs.100/- each during the year

CORPORATE GOVERNANCE

Your Directors affirm their commitments to the corporate governance standards prescribed by the securities and Exchange Board of India (SEBI). A Report on corporate Governance alongwith certificate from Company Secretaries for its compliance and management discussion and analysis as required under clause 49 of the listing agreement is attached.

DEMATERIALISATION

Your Company''s Shares are being traded in the dematerialized form and over 45.84 % of the Shares of the Company have been dematerialized upto 31.03.2014.

AUDITORS:

The Auditors of the company, M/s U.Narain & Company, Chartered Accountants, retire at the conclusion of the ensuing Annual General Meeting. They have signified their willingness to accept reappointment and have confirmed their eligibility under section 141 of the Companies Act, 2013.Your Directors recommend their reappointment.

The Report of the Auditors and Notes on Accounts are self explanatory and therefore do not call for any further comments.

STATUTORY REQUIREMENTS:

None of the employee of the company has drawn salary is excess of the limit specified under Section 217(2a) of the Companies Act, 1956 read with Companies(particulars of Employee) Rules 1975, as amended.

The Company has not accepted and/or renewed any deposits from the public and/or shareholders during the year under review.

Information regarding conservation of energy, etc. as required U/s 134(3)(m) of the Companies Act, 2013, is given below:

CONSERVATION OF ENERGY:

The Company is not a major user of energy. However, all out efforts are being made for optimum utilization of energy resources. Regular maintenance is carried out.It enhanced the productivity and efficiency of equipment resulting in power saving. Power to all major equipments and lighting in work area is put off at non-working times.Strict vigilance is being maintained over usage of energy by constant monitoring and educating the need for conservation of energy.

TECHNOLOGY ABSORPTION AND RESEARCH & DEVELOPMENT:

Indigenous technology alone is used. The Company has not obtained any technology from outside parties either from India or abroad nor entered any technical collaboration agreement with any party from abroad. The technologies selected by your company are modern and the state of the art. In-hose training is being imparted to the employees to improve the working of the plant.

There is no Research and Development unit of the company of its own. In case of any necessity, the company will take technical help from the outside agencies

ACKNOWLEDGEMENT:

Your Directors wish to place on record their application for valuable co-operation and support received from Central/State Government and in particular from the financial Institutions and Banks.

They are also grateful to shareholder, customers and suppliers of the company for their continued valued support.

Your Director also wish to place on record, their appreciation for devoted services of the sincere workers, staff and Executives of the company.

FOR AND ON BEHALF OF THE BOARD

Place: Kolkata Anil Kumar Saha

Date : 17th May , 2014 DIRECTOR

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Mar 31, 2013

The Directors have pleasure in presenting the 22nd Annual Report together with the Audited Statement of Accounts for the year ended 31st March, 2013 .

FINANCIAL RESULTS

Your Company''s performance during the period is summarized below:

For the year ended For the year ended 31st March, 2013 31st March, 2012 (Rs.in lacs) (Rs.in lacs)

Gross Income 13566.83 6103.25

Gross Profit/(Loss) 63.54 62.03

Less: Depreciation 59.95 58.48

Profit/(Loss)before Tax 3.59 3.55

Add: Deferred Tax 8.14 6.62

11.73 10.17

Less: Provision for Taxation 5.31 5.30

Net Profit/(Loss) After Tax

Add: Profit /(Loss)brought 6.42 4.87

forward from previous year 265.62 260.75

Balance Profit/(Loss)

Carried Forward 272.04 265.62

DIVIDEND

Your Board of Directors does not recommend any Dividend on equity and preference shares in order to conserve the resources.

PERFORMANCE AND OUTLOOK

The Gross Income for the year was Rs. 13566.83 Lacs against Rs. 6103.25 lacs in previous year and the net profit was Rs. 6.42 for the year against net profit of Rs.4.87 lacs in previous year. The Company''s performance is in line with the Industry trend during the year under review and expects better financial results in ensuing year.

DIRECTORS

Shri S.A Hussan and Shri B.B Bhattacharya, Directors of the company retire by rotation and being eligible offer themselves for reappointment.

DIRECTORS''S RESPONSIBILITY STATEMENT

Pursuant to the requirement under Section 217(2AA) of the Companies Act, 1956 with respect to Directors'' Responsibility Statement, it is hereby confirmed:

i) That in the preparation of the accounts for the year ended 31st March, 2013 the applicable accounting standards have been followed along with proper explanation relating to material departures.

ii) That 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 the state of affairs of the Company at the end of the Financial year and of the profit of the Company for the year under review.

iii) That the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

iv) That the Directors have prepared the accounts for the financial year ended 31st March, 2013 on a going concern basis.

CORPORATE GOVERNANCE

Your Directors affirm their commitments to the corporate governance standards prescribed by the securities and Exchange Board of India (SEBI). A Report on corporate Governance alongwith certificate from Company Secretaries for its compliance and management discussion and analysis as required under clause 49 of the listing agreement is attached.

DEMATERIALISATION

Your Company''s Shares are being traded in the dematerialized form and over 45.74 % of the Shares of the Company have been dematerialized upto 31.03.2013.

AUDITORS:

The Auditors of the company, M/s U.Narain & Company, Chartered Accountants, retire at the conclusion of the ensuing Annual General Meeting. They have signified their willingness to accept reappointment and have confirmed their eligibility under section 224(1-B) of the Companies Act, 1956.Your Directors recommend their reappointment.

The Report of the Auditors and Notes on Accounts are self explanatory and therefore do not call for any further comments.

STATUTORY REQUIREMENTS:

None of the employee of the company has drawn salary is excess of the limit specified under Section 217(2a) of the Companies Act, 1956 read with Companies(particulars of Employee) Rules 1975, as amended.

The Company has not accepted and/or renewed any deposits from the public and/or shareholders during the year under review.

Information regarding conservation of energy, etc. as required U/s 217(1)(e) of the Companies Act, 1956 read with companies (Disclosures of Particulars in the Reports of Directors) Rules 1988, is given below:

CONSERVATION OF ENERGY:

The Company''s activities involve less consumption of energy and as there is very little scope for energy conservation. However, there is a conscious and concentrated drive towards conservation of energy in all its forms.Strict vigilance is maintained over usage of energy by constant monitoring and educating the need to conserve energy. Replacement of worn out wires, control of idle running of machines, plugging of leakage and putting off power to all major equipment at non- working time, are some of the measures taken to conserve energy during the period.

Total energy consumption and energy consumption per unit.

Electricity For the year For the year ended 31.03.2013 ended 31.03.2012

Purchased Units 1002335 864067

Total amount (Rs. in lacs) 81.07 59.64

Rate/Unit (Rs.) 8.09 6.90

TECHNOLOGY ABSORPTION AND RESEARCH & DEVELOPMENT:

The Company has not obtained any technology from outside parties either from India or abroad nor entered any technical collaboration agreement with any party from abroad. The Company keeps abreast with the technology development and introduces, adopts and absorbs those sophisticated technologies, wherever suitable.

The Company does not have any in-house Research and Development department. In case of any necessity in future, the Company will take technical help from the outside agencies.

ACKNOWLEDGEMENT:

Your Directors wish to place on record their application for valuable co-operation and support received from Central/State Government and in particular from the financial Institutions and Banks.

They are also grateful to shareholder, customers and suppliers of the company for their continued valued support.

Your Director also wish to place on record, their appreciation for devoted services of the sincere workers, staff and Executives of the company.

FOR AND ON BEHALF OF THE BOARD

Place: Kolkata ASHOK MEHRA

Date : 27th May, 2013 MANAGING DIRECTOR

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Mar 31, 2012

DEAR MEMBERS

The Directors have pleasure in presenting the 21st Annual Report together with the Audited Statement of Accounts for the year ended 31st March, 2012.

FINANCIAL RESULTS

Your Company''s performance during the period is summarized below:

For the year ended For the year ended 31st March, 2012 31st March, 2011 (Rs.in lacs) (Rs.in lacs)

Gross Income 6103.25 13012.46

Gross Profit/(Loss) 62.03 59.86 Less: Depreciation 58.48 56.46

Profit/(Loss)before Tax 3.55 3.40

Add: Deferred Tax 6.62 7.67

10.17 11.07

Less: Provision for Taxation 5.30 5.12

Net Profit/ (Loss) After Tax 4.87 5.95

Add: Profit / (Loss)brought forward from previous year 260.75 254.80

Balance Profit/(Loss) Carried Forward 265.62 260.75

DIVIDEND

Your Board of Directors does not recommend any Dividend on equity and preference shares in order to conserve the resources.

PERFORMANCE AND OUTLOOK

The Gross Income for the year was Rs. 6103.25 Lacs against Rs. 13012.46 lacs in previous year and the net profit was Rs.4.87 lacs for the year against net profit of Rs. 5.95 lacs in previous year. The Company''s performance is in line with the Industry trend during the year under review and expects better financial results in ensuing year.

DIRECTORS

Shri C.P.Mehra and Shri Sanjay Khanna, Directors of the company retire by rotation and being eligible offer themselves for reappointment.

The Board expresses its deep grief on the sad demise of our Director Shyama Priya Sinha .The Board places on record its appreciation for his valuable Contribution during his tenure as director of the Company.

DIRECTORS''S RESPONSIBILITY STATEMENT

Pursuant to the requirement under Section 217(2AA) of the Companies Act, 1956 with respect to Directors'' Responsibility Statement, it is hereby confirmed:

i) That in the preparation of the accounts for the year ended 31st March, 2012 the applicable accounting standards have been followed along with proper explanation relating to material departures.

ii) That 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 the state of affairs of the Company at the end of the Financial year and of the profit of the Company for the year under review.

iii) That the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

iv) That the Directors have prepared the accounts for the financial year ended 31st March, 2012 on a going concern basis.

CORPORATE GOVERNANCE

Your Directors affirm their commitments to the corporate governance standards prescribed by the securities and Exchange Board of India (SEBI). A Report on corporate Governance alongwith certificate from Company Secretaries for its compliance and management discussion and analysis as required under clause 49 of the listing agreement is attached.

DEMATERIALISATION

Your Company''s Shares are being traded in the dematerialized form and 45.56 % of the Shares of the Company have been dematerialized up to 31.03.2012.

AUDITORS:

The Auditors of the company, M/ s U.Narain & Company, Chartered Accountants, retire at the conclusion of the ensuing Annual General Meeting. They have signified their willingness to accept reappointment and have confirmed their eligibility under section 224(1-B) of the Companies Act, 1956. Your Directors recommend their reappointment.

The Report of the Auditors and Notes on Accounts are self explanatory and therefore do not call for any further comments.

STATUTORY REQUIREMENTS:

None of the employee of the company has drawn salary is excess of the limit specified under Section 217(2a) of the Companies Act, 1956 read with Companies(particulars of Employee) Rules 1975, as amended.

The Company has not accepted and/or renewed any deposits from the public and/or shareholders during the year under review.

Information regarding conservation of energy, etc. as required U/s 217(l)(e) of the Companies Act, 1956 read with companies (Disclosures of Particulars in the Reports of Directors) Rules 1988, is given below:

CONSERVATION OF ENERGY:

The Company is not a major user of energy. However, all out efforts are being made for optimum utilization of energy resources. Regular maintenance is carried out. It enhanced the productivity and efficiency of equipment resulting in power saving. Power to all major equipments and lighting in work area is put off at non- working times. Strict Vigilance is being maintained over usage of energy by constant monitoring and educating the need for conservation of energy.

Total energy consumption and energy consumption per unit.

Electricity For the year For the year ended 31.03.2012 ended 31.03.2011

Purchased Units 864067 953524

Total amount (Rs. in lacs) 59.64 63.63

Rate/Unit (Rs.) 6.90 6.67

TECHNOLOGY ABSORPTION AND RESEARCH & DEVELOPMENT:

Indigenous technology alone is used. The Company has not obtained any technology from outside parties either from India or abroad nor entered any technical collaboration agreement with any party from abroad.The technologies selected by your company are modem and the state of the art. In - house training is being imparted to the employees to improve the working of the plant.

There is no Research and Development unit of the company of its own. In case of any necessity, the company will take technical help from the outside agencies.

FOREIGN EXCHANGE EARNINGS AND OUT GO:

For the year ended For the year ended 31st March,2012 31st March, 2011

a) Earnings (Rs. in lacs) 36.88 1076.59

b) Expenditure (Rs. in lacs) Nil 0.23

ACKNOWLEDGEMENT:

Your Directors wish to place on record their application for valuable co-operation and support received from Central/State Government and is particular from the financial Institutions and Banks.

They are also grateful to shareholder, customers and suppliers of the company for their continued valued support.

Your Director also wish to place on record, their appreciation for devoted services of the sincere workers, staff and Executives of the company.

Corporate office: By Order of the Board

P -22,C.I.T Road, For Bala Techno Industries Ltd.

Scheme- 55, Kolkata - 700 014 Ashok Mehra

Date: 30th August, 2012 Managing Director