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Directors Report of Linkhouse Industries Ltd.

Mar 31, 2012

Dear Members,

The Board of Directors has the pleasure to present the TWENTY SEVENTH Annual Report and the Audited Balance Sheet and the Profit & Loss A/c of the Company for the year ended on 31st March 2012.

PERFORMANCE:

Company''s performance was overwhelming on all fronts during the year under review.

FINANCIAL RESULTS:

Financial results of the Company being self explanatory and depicted in the Profit & Loss Account for the year ended on 31-03-2012, and therefore, do not call for any further comments in that behalf.

DIVIDEND:

The Directors of your Company have not recommended payment of any Dividend for the financial year 2011-12 in order to strengthen the Reserves of the Company for the ongoing as well as for the forthcoming Projects of the Company.

OPERATIONS:

The operations of the Company were satisfactory on all fronts during the period under review.

DIRECTORS:

Mr. Anilkumar N. Harchandani & Mr. Ashok B. Purohit, Directors are due to retire by rotation and being eligible for re-appointment has offered them-selves for re-appointment. The Board proposes them for re-appointment as Directors liable to retire by rotation at the forthcoming Thirtieth Annual General Meeting of the Company. Except this there was no change in the Composition of Board of Directors of the Company.

PARTICULARS OF EMPLOYEES:

During the year under review, there were no employees drawing remuneration in excess of the prescribed limits and whose particulars need to be given under Section 217 (2A) of

The Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975, as amended thereafter and from time to time.

a) CONSERVATION OF ENERGY & TECHNOLOGY ABSORPTION:

The Company does not use any technology or energy for its existing business except for the electricity used in offices and at the sites of the company which is not a significant part of the construction cost, hence it is not practicable to furnish the information in this connection.

b) FOREIGN EXCHANGE EARNINGS & OUTGO: NIL.

c) POLLUTION CONTROL MEASURES:

The Company''s business does not involve any emission of pollutants and therefore, no special pollution control measures are called for. However, special attention is paid to maintain healthy and hygienic condition to make the services customer friendly.

DEPOSITS:

The Company has not accepted any deposit from the public under section 58A and 58AA of the Companies Act, 1956 during the year.

DIRECTOR''S RESPONSIBILITY STATEMENT:

Pursuant to Section 217(2AA) of the Companies Act, 1956 the Directors confirm:

(i) That in the preparation of the Annual Accounts for the financial year ended 31/03/2012 the applicable Accounting Standards have been followed along-with proper explanation relating to material departures;

(ii) That 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 fare 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; and

(iv) That the Directors have prepared the Annual Accounts for the Financial Year ended 31/03/2012 on a ''Going Concern'' basis.

AUDITOR''S REPORT:

Observations made in the Auditor''s Report are self-explanatory and therefore, do not call for any further comments u/s.217 (3) of the Companies Act, 1956.

AUDITORS: -

The Auditors, M/s. Sanjay S. Agrawal & Co., Chartered Accountants, NAGPUR hold office till the conclusion of the ensuing Annual General Meeting and are recommended for re-appointment. They have given their consent to continue to act as Auditors of the Company for the current financial year also, if re-appointed.

ACKNOWLEDGEMENT:

Directors wish to place on record their thanks and gratitude to:

i) The Central and State Government as well as their respective Departments and Development Authorities connected with the business of the company and the Bankers to the Company.

ii) The Members and suppliers/contractors for the trust and confidence reposed and to the Customers for their valued patronage.

iii) The Board also takes this opportunity to express their sincere appreciation for the efforts put in by the officers and employees at all levels in achieving the results and hopes that they would continue their sincere and dedicated endeavor towards attainment of better working results during the current year.

Regd. Office: For and behalf of the Board

1st Floor B, Poonam Chambers, Sd/-

Byramji Town, (CHAIRMAN)

Chhindwara Road,

Nagpur - 440 013. (M. S.)

Dated: 03.09.2012.


Mar 31, 2009

The Board of Directors has the pleasure to present the 24th Annual Report and the Audited Balance Sheet and the Profit & Loss Account of the Company for the year ended 31st March 2009.

FINANCIAL RESULTS:

The Working Results of the Company are stated in the Profit & Loss Account of the Company, which are self-explanatory and do not calls for any further comment thereon.

DIVIDEND:

The Directors of your Company have not recommended payment of any Dividend for the financial year 2008-09 in order to strengthen the Reserves of the Company for the ongoing as well as for the forthcoming Projects of the Company.

OPERATIONS:

The Company is involved in the business of Development as well as Construction of Commercial & Residential Complexes in the City of Nagpur and near about.

PERFORMANCE:

Overall performance of the Company for the period under review was satisfactory during the year ended on 31-03-2009, it needs to be done better in the current financial year which can be achieved by reducing the expenditure to the requisite extent and the Directors are hopeful of better performance of the Company in the current financial year.

DIRECTORS:

There was no change in the Composition of Board of Directors of the Company.

Mr. Ashok B. Purohit & Ms. Archana D. Wani, Directors are due to retire by rotation at the forthcoming Annual General Meeting and being eligible for re-appointment have offered themselves for re-appointment. The Board proposes them for re-appointment thereat as Directors liable to retire by rotation.

PARTICULARS OF EMPLOYEES:

During the year under review, there were no employees drawing remuneration in excess of the prescribed limits and whose particulars need be given under Section 217 (2A) of The Companies Act, 1956 read with The Companies (Particulars of Employees) Rules, 1975, as amended.

a) CONSERVATION OF ENERGY & TECHNOLOGY ABSORPTION:

The Company does not use any technology or energy for its existing business except for the electricity used in offices and at sites of the Company which is not a significant part of the construction cost, hence it is not practicable to furnish the information in this connection.

b) FOREIGN EXCHANGE EARNINGS & OUTGO: NIL.

c) POLLUTION CONTROL MEASURES:

The Companys business does not involve any emission of pollutants and therefore, no special pollution control measures are called for. However, special attention is being paid to maintain healthy and hygienic condition to make the services customer friendly.

DEPOSITS:

The Company has not accepted any deposit from the public which attracts the provisions of section 58Aand section 58AA of the Companies Act, 1956 and the rules made there-under during the year under review.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to Section 217(2AA) of the Companies Act, 1956 the Directors confirm:

(i) That in the preparation of the Annual Accounts for the financial year ended on 31/03/2009 the applicable

Accounting Standards had been followed along-with proper explanation relating to material departures.

(ii) That 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 at the end of the financial year and of the PROFITof 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; and

(iv) That the Directors have prepared the Annual Accounts for the Financial Year ended on 31/03/2009 on aGoing Concernbasis.

AUDITORS REPORT:

Observations made in the Auditors Report are self-explanatory and therefore, do not call for any further comments U/s217 (3) of the Companies Act, 1956.

AUDITORS: -CHANGE IN AUDITORS:

The Auditors, M/s. Anand Deshpande & Co., Chartered Accountants, Nagpur have expressed their unwillingness to continue in the office of the Auditors and they have resigned from the said office. The Company approached Agrawal & Moryani, Chartered Accountants, NAGPUR and the acceptance for conducting Audit for the Financial Year 2008-09 has been accorded by the new auditor. The new auditors were duly appointed as such at the Extra-Ordinary General Meeting held on 19/10/2008 at the remuneration decided in consultation with them and they have also given a certificate to the effect that their appointment, if made, would be within the limits prescribed under section 224(1 -B) of the Companies Act, 1956. They hold office till the conclusion of the ensuing Annual General Meeting and are recommended for re- appointment. They have given their consent to continue to act as Auditors of the Company for the current financial year also, if re-appointed.

ACKNOWLEDGMENT:

Directors wish to place on record their thanks and gratitude to:

i) The Central and State Government as well as their respective Departments and Development Authorities connected with the business of the company and the Bankers to the Company.

ii) The Members and suppliers/contractors for the trust and confidence reposed and to the Customers for their valued patronage.

iii) The Board also takes this opportunity to express their sincere appreciation for the efforts put in by the officers and employees at all levels in achieving the results and hopes that they would continue their sincere and dedicated endeavor towards attainment of better working results during the current year.

Regd. Office: By the order of Board

7TH FLOOR, POONAM PLAZA, LINKHOUSE INDUSTRIES LTD.,

PALM ROAD, CIVIL LINES, NAGPUR-440 001.

Dated: 05.09.2009. (CHAIRMAN)


Mar 31, 2008

The Board of Directors has the pleasure to present the 23rd Annual Report, the Audited Balance Sheet and the Profit & Loss Account of the Company forthe year ended 31s1 March 2008.

FINANCIAL RESULTS:

The Working Results of the Company are stated in the Profit & Loss Account of the Company, which are self-explanatory and do not call for any further comments thereon.

DIVIDEND:

In order to strengthen the Reserves & Fund Base of the Company forthe ongoing as well as forthe upcoming Projects of the Company, the Directors of your Company have not recommended the payment of any Dividend forthe financial year 2007-08.

OPERATIONS:

The Company is involved in the Business of Development as well as Construction of Commercial & Residential Complexes in the City of Nagpurand near about.

PERFORMANCE:

Overall performance of the Company was satisfactory during the year ended on 31-03-2008, it needs to be done better in the current financial year, the same can be achieved by reducing the expenditure to the required extent and the Directors are hopeful of better performance of the Company in the current financial year.

DIRECTORS:

Mr. Purshottam Udemani, Ms. Poonam Harchandani, Ms. Anita Harchandani, Directors of the Company have resigned from the Directorship of the Company during the year under review.

Mr. Anilkumar N. Harchandani and Mr. Ashok B. Purohit, Directors are due to retire by rotation at the forthcoming Annual General Meeting and being eligible for re-appointment have offered themselves for re-appointment. The Board proposes them for re-appointment thereat as Directors liable to retire by rotation.

PARTICULARS OF EMPLOYEES:

During the year under review, there were no employees drawing remuneration in excess of the prescribed limits and whose particulars need be given under Section 217 (2A) of The Companies Act, 1956 read with The Companies (Particulars of Employees) Rules, 1975, as amended.

CONSERVATION OF ENERGY & TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS & OUTGO AND POLLUTION CONTROL MEASURES:

a) Conservation of Energy & Technology Absorption:

The Company does not use any energy or technology for its existing business except for the electricity used in offices and at sites of the Company which is not a significant part of the construction cost, hence it is not practicable to furnish the information in this connection.

b) Foreign Exchange Earnings & Outgo: Nil.

c) Pollution Control Measures:

The Companys business does not involve any emission of pollutants and therefore no special pollution control measures are called for. However, special attention is being paid to maintain healthy and hygienic conditions to make the services customer friendly.

DEPOSITS:

The Company has not accepted any deposit from the public during the year under review, which attracts the provisions of section 58A and section 58AA of the Companies Act, 1956 and the rules made there- under.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuantto Section 217(2AA) of the Companies Act, 1956 the Directors confirm:

(I) That in the preparation of the Annual Accounts for the financial year ended on 31/03/2008 the applicable Accounting Standards

have been followed along-with proper explanations relating to material departures therefrom.

(ii) That 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 fare 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; and

(iv) Thatthe Directors have prepared the Annual Accounts forthe Financial Year ended on 31/03/2008 on a Going Concern basis.

AUDITORS REPORT:

Observations made in the Auditors Report are self-explanatory and therefore, do not call for any further comments U/s217 (3) of the Companies Act, 1956.

AUDITORS:

The Auditors M/s. Anand Deshpande & Co., Chartered Accountants, Nagpur, holds office till the conclusion of the forthcoming Annual General Meeting and they have expressed their willingness to be re-appointed and have also given a certificate to that effect that their re- appointment, if made, would be within the limits prescribed under section 224(1 -B) of the Companies Act, 1956. The Directors recommends re-appointment of M/s. Anand Deshpande & Co. as Auditors to hold the office from the conclusion of the ensuing Annual General Meeting till the next Annual General Meeting at remuneration to be decided by the Board in consultation with them.

ACKNOWLEDGEMENT:

Directors wish to place on record theirthanks and gratitude to:

I) The Central and State Government as well as their respective Departments and Development Authorities connected with the business of the company and the Bankers of the Company.

ii) The Members and suppliers/contractors forthe trust and confidence reposed and to the Customers fortheir valued patronage.

iii) The Board also takes this opportunity to express their sincere appreciation forthe efforts put in by the officers and employees at all

levels in achieving the results and hopes that they would continue their sincere and dedicated endeavor towards attainment of better working results during the current year.

Place: Nagpur For and behalf of the Board

Dated: 05.09.2008. (CHAIRMAN)






Mar 31, 2000

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