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Directors Report of Linkson International Ltd.

Mar 31, 2013

Dear Members,

The Directors present the Annual Report together with the Audited Financial Statements of your Company for the financial year ended 31st March, 2013.

FINANCIAL HIGHLIGHTS:

(Rs. in Crores)

Particulars For the Year ended For the Year ended 31st March, 2013 31st March, 2012

Total Revenue 309.25 291.66

Profit / (Loss) Before Depreciation & 19.11 17.49

Amortization expenses, Finance Cost and Tax

Less: Depreciation & Amortization 2.07 2.36

Expenses

Less: Finance Cost 10.66 9.07

Profit / (Loss) before Tax 6.38 6.06

Less: Current Tax 1.70 1.53

Less: Deferred Tax (0.08) (0.10)

Profit /(Loss) After Tax 4.76 4.63

Balance Carried to Balance Sheet 4.76 4.63





FINANCIAL PERFORMANCE:

Despite the global slowdown and overall recessionary trend in the market, the Company during the year sustained its growth and witnessed slight improvement in its financial performance. During the year, the Company earned net profit before tax of 6.38 Crores as against Rs. 6.06 Crores during the last year, registering thereby the growth of more than 5% over the previous year.

The profit after tax was Rs.4.76 Crores during the financial year under review as compared to Rs. 4.63 Crores in the previous year.

Your Directors look forward for further improvement in overall performance of the Company during the years to come.

DIVIDEND:

In view of meeting out working capital requirements of the Company in the ensuing years, your directors do not recommend any dividend for this year.

DIRECTORS:

In accordance with the provision of Section 256 of the Companies Act, 1956 and the Articles of Association of the Company, Shri Anand Chaturvedi, Director of the Company retires by rotation at the ensuing Annual General Meeting and being eligible offers himself for re-appointment. Your Board recommends for his re-appointment.

DIRECTORS'' RESPONSIBILITY STATEMENT:

Pursuant to the requirements under Section 217(2AA) of the Companies Act 1956, your Directors, based on the representations received from the operating management, confirm that:

i. in the preparation of the Annual Accounts for the year ended 31st March, 2013, the applicable Accounting Standards have been followed and there are no material departures therefrom;

ii. appropriate accounting policies have been selected and applied consistently and have 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 the profit of the Company for the year ended on that date;

iii. 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; and

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

PUBLIC DEPOSITS:

Your Company has neither accepted nor renewed any deposit within the meaning of Section 58A and 58AA of the Companies Act, 1956 and rules made thereunder during the year ended 31st March, 2013.

STATUTORY AUDITORS:

M/s. V. V. Saranjame & Associates., Chartered Accountants, Nagpur (having FRN: 109255W), the Statutory Auditors of the Company hold the office upto the conclusion of the ensuing Annual General Meeting and being eligible, have offered for re-appointment. The Company has received a letter from them to the effect that their re-appointment, if made, would be in conformity with the limits prescribed under Section 224 (1B) of the Companies Act, 1956 and that they are not disqualified for such re-appointment within the meaning of Section 226 of the said Act. Your Board recommends their re-appointment.

SECRETARIAL COMPLIANCE CERTIFICATE:

Pursuant to the provisions of Section 383A of the Companies Act, 1956, the Company has received Secretarial Compliance Certificate from Vilas Nichat, Practising Company Secretary, Nagpur and forming part of this report.

CORPORATE GOVERNANCE:

The company does not fall in any of the criteria prescribed under Clause 49 of the Listing Agreement for compliance of Corporate Governance.

REGISTRAR & SHARE TRANSFER AGENT:

The entire work relating to share transfer and other allied matters in that behalf is looked after by the Registrar & Share Transfer Agent of the Company i.e. M/s Purva Sharegistry (India) Private Limited, Mumbai.

STOCK EXCHANGE INFORMATION:

The Equity Shares of the Company are listed at BSE Limited and the Company has paid the annual listing fees for the financial year 2013- 2014. During the year under review, the Company has complied with all the applicable provisions of the Listing Agreement.

PARTICULARS OF EMPLOYEES:

During the year under review, no employees was in receipt of remuneration exceeding the limits as prescribed under the provisions of Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employee) Rules, 1975, as amended, hence no such particulars are furnished.

PARTICULRS OF CONSEVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:

(a) Conservation of Energy

1. Electricity Purchased : 1,47,008 KWH

Total Amount (Rs.) : 13,45,069.00

Rate / Unit (Rs.) : 9.14

2. Electricity Consumed : 1,47,008 KWH

Production : 4,871.85 MT (approx.)

Consumption/Unit : 30.17 Watts

(b) Technology absorption, research & development

It is a constant endeavor of the company to adopt the latest technology for improving the quality of its galvanized and fabricated products. The Company is committed to its objective of delivering quality output through innovations and updated technology. There is no separate Research & Development department in the company.

(c) Foreign Exchange Earnings and Outgo:

During the year, there was no income as well as outgo in foreign exchange.

DEMATERIALIZATION OF SHARES:

The Company has established electronic connectivity with both the Depositories viz. National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) through the Registrar & Share Transfer Agent of the Company M/s. Purva Sharegistry (India) Private Limited. As on 31.03.2013, 13,87,530 equity shares of the Company representing 84.04 % of the total paid-up shares capital of the Company have been dematerialized.

The International Securities Identification Number (ISIN) of the Company is INE996E01013.

EXTENSION OF TIME PERIOD FOR HOLDING ANNUAL GENERAL MEETING:

The Registrar of Companies, Maharashtra, Mumbai, vide its letter dated September 30, 2013 has approved the extension of time for holding the Annual General Meeting of the Company for the financial year ended 31st March 2013 by three months i.e. upto 31st December 2013 upon making application by the Company.

ACKNOWLEDGEMENTS:

Your Directors are grateful to the Government Departments, Bankers, Dealers, Suppliers, other credit agencies, and all the executives and /staff of the company for the co-operation, financial assistance and support they extended to the Company from time to time during the period, without which the performance witnessed by the Company would not have been possible.

By order of the Board of Directors

For Linkson International Limited

Place: Mumbai (Yashwant Sangla)

Date: 2nd December, 2013 Director

Registered Office:

B, 103, Pushp, Heritage,

Dhanurkar Wadi, Marol Village,

Kandiwali (West),

Mumbai - 400067


Mar 31, 2012

TO THE MEMBERS OF LINKSON INTERNATIONAL LIMITED ;

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

FINANCIAL RESULTS:

The financial results of the company for the year under review are summarized below.

Year Ended Year Ended 31 March, 31 March, 2012 2011 (Rs. In Lacs) (Rs. In Lacs)

Gross income 29166.00 23879.00

Profit / (Loss) Before Tax 606.38 523.44

Provision for taxation 153.00 150.00

Provision for Deferred Tax (9.79) (2.38)

Profit /(Loss) After Tax 463.18 375.82

Balance Carried to Balance Sheet 463.18 375.82

PERFORMANCE:

During the period, the company sustained its growth and posted a net profit of 6.06 Crores before tax provisions. Company witnessed impressive growth in sales during the year which was higher by 23% in comparison to sales of last financial year.

Company''s net earnings after providing Rs. 892.50 Lacs towards interest, Rs.236.37 Lacs for depreciation and Rs. 153 Lacs against income tax (excluding provision for deferred taxes) is Rs. 453.38 Lacs as against Rs. 373.44 Lacs during the previous year.

Directors are confident that the Company would continue to grow at an impressive rate in coming years.

DIVIDEND:

In view of meeting out funds requirements of the Company for working capital in the ensuing year, your Directors are not recommending any dividend foi this year.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to Section 217(2AA) of the Companies Act, 1956 the Directors, based on the representations received from the operating management, confirm that.

i) In the preparation of annual accounts, the applicable Accounting Standards have been followed and there are ho material departures.

ii) Appropriate accounting policies have been selected and applied consistently and have 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 March 31st, 2012.

iii) 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.

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

DIRECTORS:

Mrs. Manju Sangla retires at the ensuing Annual General Meeting, and being eligible offer herself for re- appointment. The Board recommends her reappointment as a Director subject to her retirement by rotation.

AUDITORS:

M/s V. V. Saranjame & Associates., Chartered Accountants, Nagpur have expressed their willingness as Auditors of the Company for the Financial Year 2012-13. Members are requested to consider and approve their reappointment for the year 2012-13 as auditor of the company.

STOCK EXCHANGE INFORMATION :

Equity shares of the Company continue to remain listed on the BSE Limited. Annual Listing Fees has been paid to BSE Limited.

CONSERVATION OF ENERGY :

(a) POWER & FUEL CONSUMPTION

1. Electricity Purchased : 1,21,833 KWH

Total Amount (Rs.) : 10,72,720.00

Rate/Unit (Rs.) : 8.80

2. Electricity Consumed : 1,21,833 KWH

Production : 4,181.13 (approx.)

Consumption/Unit : 29.15

(b) TECHNOLOGY ABSORPTION, RESEARCH & DEVELOPMENT:

It is a constant endeavor of the Company to adopt the latest technology for improving upon the production quality for its galvanization and fabrication process. The Company is committed to its objective of delivering quality output through use of latest technology. There is no separate research & Development department in the Company.

(c) FOREIGN EXCHANGE EARNINGS AND OUTGO:

During the year, there was ito income as well as outgo in foreign exchange.

PARTICULARS OF EMPLOYEES:

The Company did not have any employee to whom the provision of Sec. 217(2A) of the Companies Act, 1956 read with Companies (Particular of employees) Rules 1975 applies.

DEMATERIALIZATION OF SHARES :

The Company has established electronic connectivity with both the Depositories viz. National Securities Depository Limited ( NSDL) and Central Depositoiv Services (India) Limited (CDSL) through the Registrar & Transfer Agent of the Company M/s PURVA SHAREGISTRY (INDIA) PVT. LTD. As on 31.03.2012, 13,54,030/- shares have been dematerialized representing 82 % of the total shares of the Company. The International Securities Identification Number (ISIN) of the Company is INE 996E01013.

SECRETARIAL COMPLIANCE CERTIFICATE:

In terms of proviso to section 383A of the Companies Act, 1956, the Company has obtained a Secretarial Compliance Certificate and the same is attached hereto forming part of this report.

ACKNOWLEDGEMENTS:

Your Directors are grateful to the Government Departments, Bankers, Dealers, Suppliers, other credit agencies, and all the executives/staff of the Company for their co-operation and support extended by them from time to time in the matters and affairs of the Company, without whose support and whole hearted efforts, the overall performance of the Company would not have been possible.

The Directors express their deep appreciation for the devoted and sincere efforts put in by the workers, staff and officers in the Company during the year. The Directors are also grateful to all the shareholders for their continued faith in the Company.

PLACE : MUMBAI For and on behalf the Board

DATE : 04/09/2012

Yashwant Sangla Mrs. Manju Sangla

Director Director


Mar 31, 2011

TO THE MEMBERS OF LINKSON INTERNATIOAL LTD.

The Director have pleasure in presenting the Annual Report and Audited Statement of Accounts for the year ended 31st march , 2011.

FINANCIAL RESULTS:

The financial results of the company for the year under review are summarized below:

Year Ended Year Ended 31 March, 31 March, 2011 2010 (Rs. In Lacs) (Rs. In Lacs)

Gross income 23879.00 16338.05

Profit / (Loss) Before Tax 523.44 291.60

Provision for taxation 150.00 40.00

Provision for Deferred Tax (2.38) 85.38

Profit/(Loss) After Tax 375.82 166.22

Balance Carried to Balance 375.82 166.22 Sheet

PERFORMANCE

Company achieved substantial growth in sales during the previous year. Directors are of the opinion that company shall continue to witness the same trend in coming years. Company bagged good number of work orders for its newly commissioned Galvanasitaion and Fabrication plant and successfully completed them. Company is looking forward to the phase of growth in coming years.

Company's net earnings after providing Rs.731.26 Lacs towards interest, Rs.226.88 Lacs for depreciation and Rs. 150 Lacs against income tax (excluding provision for deferred taxes) , is Rs373.44 Lacs as against Rs. Rs.251.60 Lacs during the previous year.

DIVIDEND

In view of meeting out funds requirements of the company for working capital in the ensuing year, your directors are not recommending any dividend for this year.

DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to Section 217(2AA) of the Companies Act (Amendment), 2000, the Directors, based on representations received from the operating management, confirm that:

i) In the preparation of annual accounts, the applicable Accounting Standards have been follow and there are no material departures.

ii) Appropriate accounting policies have been selected and applied consistently and have m; judgments and estimates that are reasonable and prudent so as to give a true and fair view the state of affairs of the company as at March 31st, 2011.

iii) Proper and sufficient care has been taken for the maintenance of adequate accounting recon in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of 1 company and for preventing and detecting fraud and other irregularities.

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

DIRECTORS

Shri Yashwant Sangla retires at the ensuing Annual General Meeting, and being eligible offer himself 1 reappointment. The Board recommends their reappointment as a director subject to their retirement rotation.

AUDITORS

M/s S. V. Saranjame & Associates., Charted Accountants, Nagpur have expressed their willingness Auditor of the company for the Financial Year 2011-12. Members are requested to consider and apron their reappointment for the year 2011-12 as auditor of the company.

STOCK EXCHANGE INFORMATION

Equity shares of the company continue to remain listed on the Bombay Stock Exchange. Annual Lester Fees has been paid to Bombay Stock Exchange.

CONSEVATION OF ENERGY

(a) POWER &FUEL CONSUMPTION

1. Electricity Purchased : 1,70,792 KWH Total Amount (Rs.) : 13,15,480.00 Rate/Unit (Rs.) : 7.70

2. Electricity Consumed : 1,70,792 KWH Production : 5,940.88 (approx.) Consumption/Unit : 28.75

(b) TECHNOLOGY ABSORPTION

Ever since the inception of galvanization and fabrication plant, it has been constant endeavor of of company to adopt the latest technology for improving upon the production quality for its galvanizatic and fabrication process. Company is committed to its objective of delivering quality output through u: of latest technology.

FOREIGN EXCHANGE EARNINGS AND OUTGO

During the year, there was no income as well as outgo in foreign exchange.

PARTICULARS OF EMPLOYEES

The company did not have employee to whom the provision of Sec. 217(2A) of the Companies Act, 195 read with Companies (Particular of employees) Rules 1975 apply.

SECRETARIAL COMPLIANCE CERTIFICATE

In terms of proviso to section 383A of the Companies Act, 1956, the company obtained a Secretary. Compliance Certificate and same is attached hereto forming part of this report.

ACKNOWLEDGEMENTS

Your Directors are grateful to the Government Department, Bankers, Dealers, Suppliers, other creed agencies, and all the executives/staff of the company for their cooperation and support extended b them from time to time in the matters and affairs of the company. Without their support an wholehearted efforts, the overall performance of the company would not have been possible and s achieved.

PLACE :MUMBAI For and on behalf the Board

DATE :03/09/20

Director


Mar 31, 2010

The Directors have pleasure in presenting the Annual Report and Audited Statement of Accounts for the year ended on March 31st, 2010.

FINANCIAL RESULTS

The financial results of the company for the year under review are summarized below:

Year Ended Year Ended March 3110 March 3109 (Rs. in Lacs) (Rs. in Lacs)

Gross Income 16338.05 7828.84

Profit / ( Loss) Before Tax 291.60 44.46

Provision for Taxation 40.00 13.74

Provision for Deferred Tax 85.38 0.85

Profit / ( Loss) After Tax 166.22 29.87

Balance Carried to Balance Sheet 166.22 29.87

PERFORMANCE

During the period , the Company saw sharp growth which is reflected in sales turnover of Rs. 16338.05 lacs as against Rs. 7828.84 lacs in the previous year. Directors feel proud to announce the successful commissioning & functioning of its plant situated in Butibori-MIDC, Nagpur. Directors are overjoyed by the fact that the plant has successfully begun its operations and has contributed substantially in the growth of the company.

Companys net earnings after providing Rs. 203.73 lacs towards interest, Rs.65.21 lacs for depreciation and Rs. 40.00 lacs against income tax (excluding provision for deferred taxes) is Rs. 251.60 Lacs as against Rs. 30.72 Lacs during the previous year.

DIVIDEND

In view of meeting out funds requirements of the company for working capital in the ensuing year, your directors are not recommending any dividend for this year.

DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to Section 217(2AA) of the Companies Act, 2000, the Directors, based on the representations received from the operating management, confirm that:

i) In the preparation of the annual accounts, the applicable Accounting Standards have been followed and there are no material departures.

ii) Appropriate Accounting policies have been selected and applied consistently and have 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 March 31, 2010.

iii) 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 safe guarding the .assets of the company and for preventing and detecting fraud and other irregularities.

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

DIRECTORS

Shri Yashwant Sangla retires at the ensuing Annual General Meeting, and being eligible offer himself for reappointment. The Board recommends their reappointment as director subject to their retirement by rotation.

AUDITORS

M/s. S.V. Saranjame & Associates. , Chartered Accountants, Nagpur have expressed their willingness as Auditors of the Company for the Financial year 2010-11. Members are requested to consider and approve their re-appointment for the year 2010-11 as auditors of the company.

STOCK EXCHANGE INFORMATION

Equity shares of the company continue to remain listed on the Bombay Stock Exchange. Annual Listing Fees has been paid to the Bombay Stock Exchange.

CONSERVATION OF ENERGY

(a) POWER & FUEL CONSUMPTION

1. Electricity Purchased: 70412 KWH

Total Amount (Rs.) : 5,30,640.00

Rate/Unit (Rs.) : 7.53

2.

Electricity Consumed 70412 KWH

Production . 2135.MT (approx)

Consumption/unit : 32.97

(b) TECHNOLOGY ABSORPTION

Ever since the inception of galvanization and fabrication plant, it has been the constant endeavor of the Company to adopt the latest technology for improving upon the production quality for its galvanization and fabrication process. Company is committed to its objective of delivering quality output through the use of latest technology. Directors feel glad to inform that the company has been awarded the ISO certification for its newly established galvanization and fabrication plant at Butibori, Nagpur.

FOREIGN EXCHANGE EARNINGS AND OUTGO.

During the year, there was no income as well as outgo in foreign exchange.

PARTICULARS OF EMPLOYEES

The Company did not have any employee to whom the provisions of Sec. 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules 1975 apply.

SECRETARIAL COMPLIANCE CERTIFICATE

In terms of the Proviso to section 383A of the Companies Act, 1956, the Company obtained a Secretarial Compliance Certificate and the same is attached hereto forming part of this report.

ACKNOWLEDGMENTS

Your Directors grateful to the Government department, Bankers, Dealers, Suppliers, other credit agencies, and all the executives/staff of the company for their cooperation and support extended by them from time to time in the matters and affairs of the company, without whose support and whole-hearted efforts, the overall performance of the company would not have been possible and so achieved.

For and on behalf the Board

Director

PLACE :MUMBAI DATE: 04.09.2010


Mar 31, 2009

The Directors have pleasure in presenting their Annual Report and Audited Statement of Accounts for the year ended 31st March, 2009.

FINANCIAL RESULTS / WORKING:

During the year under review, the Company could witness higher turnover as compared to last year. In fact the Company posted sales turnover of Rs. 7827.71 Lacs as against Rs. 4756.19 Lacs during the previous year registering thereby the growth of 65%. After providing Rs. 64.07 Lacs towards interest and Rs. 1.14 Lacs for depreciation, the Company earned net profit before tax of Rs. 44.47 Lacs as against Rs. 35.81 Lacs during the last year. The profit is not in commensuration with turnover for higher cost of raw materials.

Your Directors are focusing their attention to minimize the costs and expenses to achieve greater profitability vis-a-vis sales turnover.

DIVIDEND:

In view of meting out the working capital requirements of the Company in the ensuing year, your Directors are not recommending any dividend for this year.

DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to Section 217(2AA) of the Companies Act, 2000, the Directors confirm that:

i) In the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures.

ii) Appropriate accounting policies have been selected and applied consistently, and have 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 for the year ended 31St March, 2009;

iii) 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:

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

DIRECTORS:

During the year under review, Smt. Manju Sangla retires by rotation and being eligible offers herself for re-appointment.

SHARE CAPITAL:

During the year under review the Company at its annual general meeting held on 29.09.2008 increased its authorized share capital from Rs. 125.00 Lacs to Rs. 600.00 Lacs.

CONSERVATION OF ENERGY, ABSORPTION OF TECHNOLOGY, EARNING IN FOREIGH EXCHANGE AND OUTGO:

The Company lays great emphasis upon the conservation of energy and fuel and achieving the cost effective production is an ongoing exercise of the Company.

The technology used by the Company is fully indigenous.

During the year, there was no income as well as outgo in foreign exchange.

PARTICULARS OF EMPLOYEES:

The Company did not have any employee to whom the provisions of Sec. 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 apply.

AUDITORS:

M/s T S Rawal & Co., Chartered Accountants, Nagpur retires at the conclusion of the ensuing Annual General Meeting and are eligible for reappointment.

SECRETARIAL COMPLIANCE CERTIFICATE:

In terms of Proviso to section 383A of the Companies Act, 1956, the Company obtained a Secretarial Compliance Certificate from Vilas Nichat, Company Secretary, Nagpur and the same is attached hereto.

ACKNOWLEDGEMENTS:

The Directors are grateful to Punjab National Bank for their co-operation and financial assistance continued to the Company during the year.

Your Directors wish to place on record their appreciation of the work done by all the workers and employees of the Company during the year.

For and on behalf of the Board,

Place: Nagpur Date: 22.06.2009

Managing Director Director



 
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