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Directors Report of Dot Com Global Ltd.

Mar 31, 2013

To, The Members of Dot Com Global Limited

The Directors have pleasure in presenting before you the 21st ANNUAL REPORT of the Company together with the Audited Statement of Accounts for the year ended 31st March, 2013.

(Amounts in Lakhs)

FINANCIAL RESULTS 2012-2013 2011-2012

Revenue from Operation 36.73 35.25

Employee Benefit Expenses 32.56 11.13

Depreciation and Amortization 0.22 0.29

Expenses

Other Expenses 484.82 23.84

Profit (Loss) Before Tax (480.88) (0.02)

Provision for Taxation - -

Profit (Loss) After Tax (480.88) (0.02)

OPERATIONAL HIGHLIGHTS

During the year under review, company has posted a turnover of Rs.36.73 Lacs as against previous year turnover of Rs.35.25 Lacs registering about 4.20% growth. Company has made significant efforts in creation of market and name for its quality it services and Software activity. Further to report that Company is taken serious initiatives for development of business and make dent in market share through good marketing strategies. Your directors are therefore confident of coming out with significant growth in the future years and thereby wiping out losses incurred in the previous years and posting a decent growth.

The Company faces huge loss on sale of its investments of Rs.39 lacs this year. Apart from it there are also write-off of Advances and Sundry Debtors of Rs. 195.31 Lacs and Rs.237.58 Lacs respectively. The loss of the Company therefore increased contrary to the promised made by the management last year.

DIVIDEND

Your directors do not recommend any Dividend for the year ended on 31st March 2013 due to expansion and growth plans.

PUBLIC DEPOSITS

During the period under review the Company did not accept deposits in terms of Section 58A of the Companies Act, 1956 and pursuant to the provision of the Non-Banking Financial Companies (Reserve Bank) Direction 1997.

DIRECTORS

- Mr. Somasekharareddy Nallappareddy Chittor has been appointed as Additional Directors of the Company on February 22, 2013. As per the provisions of Section 260 of the Act, he shall hold office only up to the date of the forthcoming Annual General Meeting (AGM) of the Company and is eligible for appointment as Directors. The Company has received notice under Section 257 of the Act, in respect of the above person, proposing his appointment as a Director of the Company. Resolutions seeking approval of the members for the appointment of Mr. Somasekhara Reddy Nallappareddy Chittor as Director of the Company have been incorporated in the Notice of the forthcoming AGM along with brief details about them.

- Mr. Srivenkata Ramana Tammisetti and Mr. P. Obul Reddy, Directors, retire by rotation and being eligible have offered themselves for re-appointment.

- Ms. Suneetha Indukuri has resigned from the office of Director of the Company with effect from February 22, 2013.

AUDITORS

M/s L N P & Co Chartered Accountants, Hyderabad, who are the statutory auditors of the Company, hold office, in accordance with the provision of the Act up to the conclusion of the forthcoming AGM and are eligible for re-appointment.

The Company has received letter from them to the effect that their appointment if made would be within the prescribed limits under Section 224 (1B) of the Companies Act, 1956.

SUBSIDIARY COMPANIES

The Company does not have any group companies and Subsidiary companies.

CHANGE IN REGISTERED OFFICE:

During the year the Registered office of the company is shifted from Nawab House, 2nd Floor, 63, Maharshi Karve Road, Mumbai, Maharashtra-400002 to The Avenue, #604/605, 6th Floor, Opposite Hotel Leela, Sahar Road, Andheri (East), Mumbai - 400099 with effect from 18th January 2013.

LISTING

The Equity Shares of the Company are listed on the Bombay Stock Exchange (BSE) where the trading of the securities is currently suspended w.e.f 01.10.2002.

PARTICULARS OF EMPLOYEES

There was no employee in the Company whose particulars are required to be furnished as per section 217 (2A) of the Companies Act, 1956, read with Companies (Particulars of Employees) Rules, 1975 as amended up to date.

DIRECTORS'' RESPONSIBILITY STATEMENT

Your Directors hereby report that:

a) in the preparation of annual accounts, the applicable accounting standards have been followed;

b) appropriate accounting policies have been selected and applied consistently and judgments and estimates made that are responsible and prudent so as to give true and fair view of the state of affairs of the Company at the end of the financial year ended 31st March 2013;

c) Proper and sufficient care has been taken 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;

d) annual accounts have been prepared on a going concern basis.

CORPORATE GOVERNANCE AND COMPLIANCE

A report on corporate governance along with Management Discussion and Analysis is annexed to this report as Annexure A certificate from Statutory Auditors with regards to the compliance of the corporate governance, as stipulated in Clause 49 of the Listing Agreement, by the company is annexed to this report.

The company has fully complied with all mandatory requirements prescribed under Clause 49 of the listing agreement. In addition, the company has also implemented some of the non-mandatory provisions of Clause 49.

ACKNOWLEDGEMENT

The Board of Directors takes the opportunity to thank the Bankers and Government for the Co- operations and support by them from time to time in the operation of the company during the year. The Board also places on record its deep appreciation for the contribution made by the employees at all levels.

Place :Mumbai By order of the Board

Date : 31-08-2013 For Dot Com Global Limited

SD/-

Mallikarjuna Reddy C N)

Chairman


Mar 31, 2012

To, The Members of Dot Com Global Limited Mumbai, Maharashtra

The Directors have pleasure in presenting before you the 20th ANNUAL REPORT of the Company together with the Audited Statement of Accounts for the year ended 31st March, 2012.

FINANCIAL RESULTS 2011-2012 2010-2011

Turn Over 9,27,654

Profit (Loss) Before Tax 1,46,750

Provision for Taxation 35,000

Profit (Loss) After Tax 1,11,750

OPERATIONAL HIGHLIGHTS

The Ministry of Corporate Affairs (MCA) vide notification no. S.O. 447(E) dated 28th February, 2011 amended the existing Schedule VI to the Companies Act, 1956. The Revised Schedule VI is applicable from financial year commencing from 1st April, 2011. The financial statements of your Company for the year ended 31st March, 2012 have been prepared in accordance with the Revised Schedule VI and accordingly, the previous year''s figures have been reclassified/ regrouped to conform to this year''s classification.

During the year under review, company has posted a turnover of 35.25 Lacs as against previous year turnover of Rs.9.27 Lacs registering about 100% growth. Company has made significant efforts in creation of market and name for its quality it services and Software activity. Further to report that Company is taken serious initiatives for development of business and make dent in market share through good marketing strategies. Your directors are therefore confident of coming out with significant growth in the future years and thereby wiping out losses incurred in the previous years and posting a decent growth.

PUBLIC DEPOSITS

During the period under review the Company did not accept deposits in terms of Section 58A of the Companies Act, 1956 and pursuant to the provision of the Non- Banking Financial Companies (Reserve Bank) Direction 1997.

DIRECTORS

Mr. Mallikarjuna Reddy C N and Mr. Santosh Reddy Kattamidi, Directors of the company retire by rotation at this Annual General Meeting and being eligible, offers themselves for re-appointment. The brief resume and other details of directors, who are to be re-appointed as stipulated under clause 49 (IV) (G) of the listing agreement, are furnished in the corporate Governance Report forming part of the Annual Report. During the year there were no changes had taken place in the constitution of the Board of Directors of the Company.

AUDITORS

The existing Statutory Auditors of the company, M/s. Mulraj D. Gala, Chartered Accountants, Mumbai retire at the conclusion of the ensuing Annual General Meeting.

M/s L N P & Co Chartered Accountants, Hyderabad will be appointed as statutory auditors of the Company till the conclusion of next Annual General Meeting.

The Company has received letter from them to the effect that their appointment if made would be within the prescribed limits under Section 224 (1B) of the Companies Act, 1956.

PARTICULARS OF EMPLOYEES

There was no employee in the Company whose particulars are required to be furnished as per section 217 (2A) of the Companies Act, 1956, read with Companies (Particulars of Employees) Rules, 1975 as amended upto date.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING/OUTGO

The operations of the company are not energy-intensive. However adequate measures have been taken to reduce energy consumption by using energy efficient computers and equipments with the latest technologies. Your company constantly evaluates new technologies and invests in them to make its infrastructure more energy-efficient. Currently your company use

During the year under review the Company has no foreign exchange earnings and outgo.

DIRECTORS'' RESPONSIBILITY STATEMENT

Your Directors hereby report that:

(a) in the preparation of annual accounts, the applicable accounting standards have been followed;

(b) appropriate accounting policies have been selected and applied consistently and judgements and estimates made that are responsible and prudent so as to give true and fair view of the state of affairs of the Company at the end of the financial year ended 31st March 2012;

(c) Proper and sufficient care has been taken 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;

(d) annual accounts have been prepared on a going concern basis.

CORPORATE GOVERNANCE AND COMPLIANCE

A report on corporate governance along with Management Discussion and Analysis is annexed to this report as Annexure A certificate from Statutory Auditors with regards to the compliance of the corporate governance, as stipulated in Clause 49 of the Listing Agreement, by the company is annexed to this report.

The company has fully complied with all mandatory requirements prescribed under Clause 49 of the listing agreement. In addition, the company has also implemented some of the non mandatory provisions of Clause 49.

ACKNOWLEDGEMENT

The Board of Directors takes the opportunity to thank the Bankers and Government for the Co-operations and support by them from time to time in the operation of the company during the year. The Board also places on record its deep appreciation for the contribution made by the employees at all levels.

Place :Mumbai By order of the Board

Date : 03-09-2012 For Dot Com Global Limited

SD/-

(Mallikarjuna Reddy C N)

Chairman