Directors Report of Integra Switchgear Ltd.

Mar 31, 2014

Dear Members,

The Directors hereby present the 22nd Annual Report together with the audited statement of account for the year ended on 31st March,2014.

(1) FINANCIAL RESULTS:

The financial Results for the year ended are as under:

Particulars Year ended Year ended On 31/03/2014 On 31/03/2013 (Rs. In lakhs) (Rs. In lakhs)

Sales and other income 1.43 1.24

Profit (Loss) before interest, depreciation and tax. -8.65 -7.22

Interest NIL NIL

Depreciation NIL NIL

Profit (Loss) before tax -8.65 -7.22

Tax NIL NIL

Profit (Loss) after tax carried to balance sheet. -8.65 -7.22

(2) DIVIDEND:

Your Directors have not recommended any dividend for the year ended 31-03-2014.

(3) PUBLIC DEPOSIT:

The company has not accepted any deposit U/S 58 A of the Companies Act, 1956 during the year under report.

(4) DIRECTORS:

Mr. Mayur Vora and Mr. Pankaj Vora Directors shall retire by rotation at the ensuing annual general meeting and being eligible offer themselves for reappointment. Mr.Haresh D. Shah and Mr. Jagesh M. Doshi are proposed to be appointed as independent Directors.

(5) AUDITORS:

M/s. D.C.Parikh & Co., Chartered Accountants, Auditors of the company retire at the ensuing annual general meeting and eligible for reappointment.

(6) AUDITOR''S REPORT:

The observations of the auditors are explained whenever necessary, by way of appropriate notes to the account.

Qualification of auditors and reply thereof:

1. Non- provision of depreciation of Rs. 6.41 lacks on fixed asset of the company:

Reply: Due to inadequacy of profit, depreciation on fixed assets has not been provided.

(7) DIRECTOR''S RESPONSIBILITY STATEMENT: Your Board States that;

(i) In the preparation of the annual accounts for the year ended on 31st March 2014, the applicable accounting standards had been followed except AS-14 for depreciation not provided due to loss, there had been no other material departures from the said standards.

(ii) The directors had 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 as at 31st March, 2014 and of the profit of the company for the year ended on that day.

(iii) The directors had taken proper and sufficient care for the maintenance of adequate accounting statement 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) The directors had prepared the annual accounts for the year ended on 31st March 2014 on a going concern basis.

(8) CORPORATE GOVERNANCE REPORT:

Corporate Governance Report as required under clause 49 of the listing agreement is attached herewith.

(9) COMPLIANCE CERTIFICATE:

Compliance certificate U/S 383(1A) of the Companies Act, 1956 obtained from practicing Company Secretary is attached herewith.

(10) PARTICULARS OF EMPLOYEES:

Information in accordance with the provisions of section 217 (2A) of the Companies Act, 1956 read with the companies (Particulars of Employees) Rules, 1975 as amended regarding employees is nil.

(11) PARTICULARS REGARDING CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE INCOME AND OUTGO:

Information in accordance with the provisions of section 217 (1E) of the Companies Act, 1956 read with the companies (Disclosure of particulars in the report of the board of directors) Rules 1988 is nil.

(12) ACKNOWLEDGEMENT:

Your Directors convey their deep sense of gratitude to the employees of the company and the company''s Banker The State Bank of India for their co-operation.

PLACE: Por-Ramangamdi On behalf of the board DATED: 12/08/2014 Sd/-

J. H. Vora Chairman

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Mar 31, 2013

Dear Members,

The Directors hereby present the 21th Annual Report together with the audited statement of account for the year ended on 31st March,2013.

(1) FINANCIAL RESULTS:

The financial Results for the year ended are as under:

Particulars Year ended Year ended On 31/03/2013 On 31/03/2012 (Rs. In lakhs)(Rs. In lakhs)

Sales and other income 1.24 3.64

Profit (Loss) before interest, depreciation and tax. -7.22 -6.99

Interest NIL NIL

Depreciation NIL NIL

Profit (Loss) before tax -7.22 -6.99

Tax NIL NIL

Profit (Loss) after tax carried to balance sheet. -7.22 -6.99



(2) DIVIDEND :

Your Directors have not recommended any dividend for the year ended 31-03-2013.

(3) PUBLIC DEPOSIT :

The company has not accepted any deposit U/S 58 A of the Companies Act, 1956 during the year under report.

(4) DIRECTORS:

Mr. Jagesh Doshi and Mr. J. H. Vora Directors shall retire by rotation at the ensuing annual general meeting and being eligible offer themselves for reappointment.

(5) AUDITORS:

M/s. D.C.Parikh & Co., Chartered Accountants, Auditors of the company retire at the ensuing annual general meeting and eligible for reappointment.

(6) AUDITOR''S REPORT:

The observations of the auditors are explained whenever necessary, by way of appropriate notes to the account. Qualification of auditors and reply thereof:

1. Non- Provision of Interest of advance for rupees 12.83 lacks :

Since company has not received any interest, the same is not taken as income.

2. Non- provision of depreciation of Rs. 6.41 lacks on fixed asset of the company : Due to inadequacy of profit, depreciation on fixed assets has not been provided.

(7) DIRECTOR''S RESPONSIBILITY STATEMENT: Your Board States that;

(i) In the preparation of the annual accounts for the year ended on 31st March 2013, the applicable accounting standards had been followed except interest income on loan given has not been added to other income as it is doubtful to recover and there had been no other material departures from the said standards.

(ii) The directors had 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 as at 31st March, 2013 and of theprofit of the company for the year ended on that day.

(iii) The directors had taken proper and sufficient care for the maintenance of adequate accounting statement 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) The directors had prepared the annual accounts for the year ended on 31st March 2013 on a going concern basis.

(8) CORPORATE GOVERNANCE REPORT:

Corporate Governance Report as required under clause 49 of the listing agreement is attached herewith.

(9) COMPLIANCE CERTIFICATE:

Compliance certificate U/S 383(1A) of the Companies Act, 1956 obtained from practicing Company Secretary is attached herewith.

(10) PARTICULARS OF EMPLOYEES:

Information in accordance with the provisions of section 217 (2A) of the Companies Act, 1956 read with the companies (Particulars of Employees) Rules, 1975 as amended regarding employees is nil.

(11) PARTICULARS REGARDING CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE INCOME AND OUTGO:

Information in accordance with the provisions of section 217 (1E) of the Companies Act, 1956 read with the companies (Disclosure of particulars in the report of the board of directors) Rules 1988 is nil.

(12) ACKNOWLEDGEMENT:

Your Directors convey their deep sense of gratitude to the employees of the company and the company''s Banker The State Bank of India for their co-operation.

PLACE : Por-Ramangamdi On behalf of the board

DATED: 30/05/2013 Sd/-

J. H. Vora

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Mar 31, 2010

Dear Members,

The Directors hereby present the 18th Annual Report together with the Audited statement of the year ended on 31st March, 2010.

(1) Financial Results:

The financial Results for the year ended are as under:

Year ended Year ended (Rs. in Lacs) on 31-3-10 on 31-3-09

Sales and other income 4.96 21.54

Profit (Loss) before interest, depreciation and tax. -4.29 11.55

Interest Nil Nil

Depreciation 0.02 0.03

Profit (Loss) before tax -4.31 11.52

Tax 0.01 0.03

Profit (Loss) aftertax carried to Balance Sheet -4.32 11.49

(2) Dividend:

Your Directors have not recommended any dividend for the year ended 31-3-2010.

(3) Public Deposit :

The company has not accepted any deposit U/S 58Aof the Companies Act, 1956 during the year under report.

(4) Directors :

Mr. Mr. Haresh D. Vora and Mr. Jagesh M. Doshi, Directors shall retire by rotation at the ensuing annual general meeting and being eligible offer themselves for reappointment.

(5) Auditors:

M/s. D.C. Parikh & Co., Chartered Accountants, Auditors of the company retire at the ensuing annual general meeting and are eligible for reappointment. •

(6) Auditors' Report:

The observation of the auditors are explained whenever necessary, by way of appropriate notes to the accounts.

(7) Directors' Responsibility Statement: Your Board States that

(i) in the preparation of the annual accounts for the year ended on 31st March 2010, the applicable accounting standards had been followed except interest income on loan given has not been added to other income as it is doubtful to recover and there had been no other material departures from the said standards.

(ii) the directors had selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company as at 31st March, 2010 and of the Profit of the company for the year ended on that day.

(iii) the directors had taken proper and sufficient care for the maintenance of adequate accounting statement 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) the directors had prepared the annual accounts forthe year ended on 31st March, 2010 on a going concern basis.

(8) Corporate Governance Report:

Corporate Governance Report as required under clause 49 of the Listing Agreement is attached herewith.

(9) Compliance Certificate:

Compliance Certificate U/S 383(1A) of the Companies Act, 1956 obtained from practicing Company Secretary is attached hearewith.

(10) Particulars of Employees:

Information in accordance with the provisions of section 217 (2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended regarding employees is nil.

(11) Particulars regarding Conservation of Energy, Technology Absorption and Foreign Exchange Income and Outgo:

Information in accordance with the provision of section 217 (1E) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988 is Nil.

(12) Acknowledgement:

Your Directors convey their deep sense of gratitude to the employees of the company and the company's Banker State Bank of India for their co- operation.

On behalf of the Board Sd/- J.H.Vora Chairman

Place: Por-Ramangamdi

Date : 10-08-2010

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Mar 31, 2009

The Directors hereby present the 17th Annual Report together with the Audited statement of the year ended on 31 st March, 2009.

(1) Financial Results:

The financial Results for the year ended are as under:

Year ended Year ended (Rs. in Lacs) on 31-3-09 on 31-3-08

Sales and other income 21.54 28.00

Profit (Loss) before interest, depreciation and tax. 11.55 7.09

Interest Nil Nil

Depreciation 0.03 Nil

Profit (Loss) before tax 11.52 7.09

Tax 0.03 0.03

Profit (Loss) aftertax carried to Balance Sheet 11.49 7.06

(2) Dividend:

Your Directors have not recommended any dividend for the year ended 31-3-2009.

(3) Public Deposit:

The company has not accepted any deposit U/S 58Aof the Companies Act, 1956 during the year under report.

(4) Directors:

Mr. D.J. Vora and Mr. Mayur Vora, Directors shall retire by rotation at the ensuing annual general meeting and being eligible offer themselves for reappointment.

(5) Auditors:

M/s. D.C. Parikh & Co., Chartered Accountants, Auditors of the company retire at the ensuing annual general meeting and are eligible for reappointment.

(6) Auditors Report:

The observation of the auditors are explained whenever necessary, byway of appropriate notes to the accounts.

(7) Directors" Responsibility Statement: Your Board States that

(i) in the preparation of the annual accounts for the year ended on 31st March 2009, the applicable accounting standards had been followed except interest income on loan given has not been added to other income as it is doubtful to recover and there had been no other material departures from the said standards.

(ii) the directors had selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company as at 31 st March, 2009 and of the Profit of the company for the year ended on that day.

(iii) the directors had taken proper and sufficient care for the maintenance of adequate accounting statement 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) the directors had prepared the annual accounts for the year ended on 31 st March, 2009 on a going concern basis.

(8) Corporate Governance Report:

Corporate Governance Report as required under clause 49 of the Listing Agreement is attached herewith.

(9) Compliance Certificate:

Compliance Certificate U/S 383(1 A) of the Companies Act, 1956 obtained from practicing Company Secretary is attached heare with.

(10) Particulars of Employees:

Information in accordance with the provisions of section 217 (2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended regarding employees is nil.

(11) Particulars regarding Conservation of Energy, Technology Absorption and Foreign Exchange Income and Outgo :

Information in accordance with the provision of section 217 (1E) of the Companies Act, 1956 read with the Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988 is Nil.

(12) Acknowledgement:

Your Directors convey their deep sense of gratitude to the employees of the company and the companys Banker State Bank of India for their co-operation.

On behalf of the Board

Sd/-

Place : Por-Ramangamdi J.H. Vora

Date : 30-6-2009 Chairman