Directors Report of Typhoon Holdings Ltd.

Mar 31, 2014

The Members,

TYPHOON HOLDINGS LIMITED

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

FINANCIAL RESULTS

PARTICULARS Year ended March 31, Year ended March 31, 2014 (In Rs.) 2013 (In Rs.)

Profit/(Loss) before depreciation and taxes (2,67,871) (2,53,019)

Net Profit/(Loss) before Tax (2,67,871) (2,53,019)

Less: Provision for Tax 0 0

Net Profit/(Loss) after Tax (2,67,871) (2,53,019)



OPERATIONS

The Company has made a loss of Rs. 2,67.871/- in the year under report as against Rs. 2,53,019/- in the previous year.

CORPORATE GOVERNANCE

The paid-up Capital of the Company being less than Rupees Three Crores, the Clause 49 of the Listing Agreement is not applicable to the Company.

DIVIDEND

No Dividend is declared or recommended by the Board of Directors of the Company during the year in view of the losses.

DIRECTORS'' RESPONSIBILITY STATEMENT

Pursuant to the requirements u/s. 217(2AA) of the Companies Act, 1956, your Directors hereby state and confirm that :

i) I n preparation of the annual Accounts, the applicable Accounting Standards have been followed along with proper explanations relating to material departures, if any;

ii) They have selected the 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 the affairs of the Company at the end of the financial year under review and for Loss of the Company for the same period.

iii) They 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 irregularit ies;

iv) Annual Accounts are prepared on a going concern basis.

AUDITORS

M/s. D M Oza & Associates, Chartered Accountants, statutory Auditors of the Company retire at the conclusion of the ensuing Annual General Meeting and are eligible for re-appointment. The Company has received a letter to the effect that their appointment, if made, would be within the prescribed limit under section 224(1-B) of the Companies Act, 1956.

AUDITORS'' REPORT

The comments in the Auditor''s Report with Notes of Accounts and Schedules are self explanatory.

PUBLIC DEPOSITS

During the year, the Company has not accepted any public deposit u/s. 58A of the Companies Act, 1956 and the rules made there under.

PARTICULARS OF THE EMPLOYEES

The Company does not have any employee who is in receipt of remuneration aggregating to the sum prescribed u/s. 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended till date.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE EARNINGS & EXPENDITURE

The Company has no activities relating to conservation of energy and technology absorption. There are no foreign exchange transactions during the year.

LISTING

The Equity Shares of the Company is listed at the Bombay Stock Exchange Limited (BSE).

ACKNOWLEDGEMENTS

Your Directors take opportunities to show gratitude towards co-operation received from Shareholders and other Agencies.

By Order of the Board TYPHOON HOLDINGS LIMITED DIRECTOR DIRECTOR

Place : Mumbai Date : September 02, 2014

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Mar 31, 2013

Dear Members,

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

FINANCIAL RESULTS

PARTICULARS Year ended March 31, Year ended March 31, 2013 (In Rs.) 2012 (In Rs.)

Profit/(Loss) before (2,53,019) (1,98,986) depreciation and taxes

Net Profit/(Loss) (2,53,019) (1,98,986) before Tax

Less: Provision for Tax 0 0

Net Profit/(Loss) after Tax (2,53,019) (1,98,986)

OPERATIONS

The Company has made a loss of Rs. 2,53,019/- in the year under report as against Rs. 1,98,986/- in the previous year.

CORPORATE GOVERNANCE

The paid-up Capital of the Company being less than Rupees Three Crores, the Clause 49 of the Listing Agreement is not applicable to the Company.

DIVIDEND

No Dividend is declared or recommended by the Board of Directors of the Company during the year in view of the losses.

DIRECTORS'' RESPONSIBILITY STATEMENT

Pursuant to the requirements u/s. 217(2AA) of the Companies Act, 1956, your Directors hereby state and confirm that :

i) In preparation of the annual Accounts, the applicable Accounting Standards have been followed along with proper explanations relating to material departures, if any;

ii) They have selected the 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 the affairs of the Company at the end of the financial year under review and for Loss of the Company for the same period.

iii) They 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) Annual Accounts are prepared on a going concern basis.

DIRECTORS

Director who are retiring by rotation and being offer themselves for re-appointment.

AUDITORS

M/s. Rishabh D. Jain & Co., Chartered Accountants, statutory Auditors of the Company retire at the conclusion of the ensuing Annual General Meeting and are eligible for re-appointment. The Company has received a letter to the effect that their appointment, if made, would be within the prescribed limited under section 224(1-B) of the Companies Act, 1956.

AUDITORS'' REPORT

The comments in the Auditor''s Report with Notes of Accounts and Schedules are self explanatory.

PUBLIC DEPOSITS

During the year, the Company has not accepted any public deposit u/s. 58A of the Companies Act, 1956 and the rules made there under.

PARTICULARS OF THE EMPLOYEES

The Company does not have any employee who is in receipt of remuneration aggregating to the sum prescribed u/s. 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended till date.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE EARNINGS & EXPENDITURE

The Company has no activities relating to conservation of energy and technology absorption. There are no foreign exchange transactions during the year.

LISTING

The Equity Shares of the Company is listed at the Bombay Stock Exchange Limited (BSE).

ACKNOWLEDGEMENTS

Your Directors take opportunities to show gratitude towards co-operation received from Shareholders and other Agencies.

By Order of the Board TYPHOON HOLDINGS LIMITED

DIRECTOR

Place : Mumbai Date : September 02, 2013

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Mar 31, 2012

Dear members,

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

FINANCIAL RESULTS

PARTICULARS Year ended March 31, Year ended March 31, 2012 (In Rs.) 2011 (In Rs.)

Profit/(Loss) before depreciation and taxes (1,98,986) (95,768)

Net Profit/(Loss) before Tax (1,98,986) (95,768)

Less: Provision for Tax 0 0

Net Profit/(Loss) after Tax (1,98,986) (95,768)

OPERATIONS

The Company has made a loss of Rs. 1,98,986/- in the year under report as against Rs. 95,768/-in the previous year.

CORPORATE GOVERNANCE

The paid-up Capital of the Company being less than Rupees Three Crores, the Clause 49 of the Listing Agreement is not applicable to the Company.

DIVIDEND

No Dividend is declared or recommended by the Board of Directors of the Company during the year in view of the losses.

DIRECTORS'' RESPONSIBILITY STATEMENT

Pursuant to the requirements u/s. 217(2AA) of the Companies Act, 1956, your Directors hereby state and confirm that :

i) In preparation of the annual Accounts, the applicable Accounting Standards have been followed along with proper explanations relating to material departures, if any;

ii) They have selected the 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 the affairs of the Company at the end of the financial year under review and for Loss of the Company for the same period.

iii) They 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) Annual Accounts are prepared on a going concern basis.

DIRECTORS

Director who are retiring by rotation and being offer themselves for re-appointment.

AUDITORS

M/s. Rishabh D. Jain & Co., Chartered Accountants, statutory Auditors of the Company retire at the conclusion of the ensuing Annual General Meeting and are eligible for re-appointment. The Company has received a letter to the effect that their appointment, if made, would be within the prescribed limited under section 224(1-B) of the Companies Act, 1956.

AUDITORS'' REPORT

The comments in the Auditor''s Report with Notes of Accounts and Schedules are self explanatory.

PUBLIC DEPOSITS

During the year, the Company has not accepted any public deposit u/s. 58A of the Companies Act, 1956 and the rules made there under.

PARTICULARS OF THE EMPLOYEES

The Company does not have any employee who is in receipt of remuneration aggregating to the sum prescribed u/s. 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended till date.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE EARNINGS & EXPENDITURE

The Company has no activities relating to conservation of energy and technology absorption. There are no foreign exchange transactions during the year.

LISTING

The Equity Shares of the Company is listed at the Bombay Stock Exchange Limited (BSE).

ACKNOWLEDGEMENTS

Your Directors take opportunities to show gratitude towards the co-operation received from Shareholders and other Agencies.

By Order of the Board TYPHOON HOLDINGS LIMITED DIRECTOR Place : Mumbai Date : September 03, 2012

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Mar 31, 2011

Dear members,

The Directors have pleasure in presenting the Annual Report of the Company together with the Audited Annual Accounts for the year ended 31st March, 2011.

FINANCIAL RESULTS

PARTICULARS Year ended March 31, Year ended March 31, 2011 (In Rs.) 2010 (In Rs.)

Profit/(Loss) before depreciation and taxes (95,768) (52,865)

Net Profit/(Loss) before Tax (95,768) (52,865)

Less: Provision for Tax 0 0

Net Profit/(Loss) after Tax (95,768) (52,865)

Balance B/F from previous year (24,54,255) (24,01,390)

Balance carried to Balance Sheet (25,50,023) (24,54,255)

OPERATIONS

The Company has made a loss of Rs. 95,768/- in the year under report as against Rs. 52,865/- in the previous year.

CORPORATE GOVERNANCE

The paid-up Capital of the Company being less than Rupees Three Crores, the Clause 49 of the Listing Agreement is not applicable to the Company.

DIVIDEND

No Dividend is declared or recommended by the Board of Directors of the Company during the year in view of the losses.

DIRECTORS'' RESPONSIBILITY STATEMENT

Pursuant to the requirements u/s. 217(2AA) of the Companies Act, 1956, your Directors hereby state and confirm that:

i) In preparation of the annual Accounts, the applicable Accounting Standards have been followed along with proper explanations relating to material departures, if any;

ii) They have selected the 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 the affairs of the Company at the end of the financial year under review and for Loss of the Company for the same period.

iii) They 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) Annual Accounts are prepared on a going concern basis.

DIRECTORS

Director who are retiring by rotation and being offer themselves for re-appointment.

AUDITORS

M/s. Rishabh D. Jain & Co., Chartered Accountants, statutory Auditors of the Company retire at the conclusion of the ensuing Annual General Meeting and are eligible for re-appointment. The Company has received a letter to the effect that their appointment, if made, would be within the prescribed limited under section 224(1-B) of the Companies Act, 1956.

AUDITORS'' REPORT

The comments in the Auditor''s Report with Notes of Accounts and Schedules are self explanatory.

PUBLIC DEPOSITS

During the year, the Company has not accepted any public deposit u/s. 58A of the Companies Act, 1956 and the rules made there under.

PARTICULARS OF THE EMPLOYEES

The Company does not have any employee who is in receipt of remuneration aggregating to the sum prescribed u/s. 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended till date.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE EARNINGS & EXPENDITURE

The Company has no activities relating to conservation of energy and technology absorption. There are no foreign exchange transactions during the year.

LISTING

The Equity Shares of the Company is listed at the Bombay Stock Exchange Limited (BSE).

ACKNOWLEDGEMENTS

Your Directors take opportunities to show gratitude towards the assistance and co-operation received from Shareholders and other Agencies''.

By Order of the Board TYPHOON HOLDINGS LIMITED DIRECTOR DIRECTOR Place: Mumbai Date: September 02, 2011

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Mar 31, 2010

The Directors are pleased to present the Twenty Fifth Annual Report together with Audited Statement of Accounts for the year ended 31st March 2010.

FINANCIAL RESULTS:

The company is not operating and therefore during the financial year the Company has incurred a loss of Rs. 128429/- as against Rs.55863/- in previous year.

DIVIDEND:

In view ofloss, your Directors don''t recommend a dividend for the period ended 31st March 2010.

PARTICULARS UNDER SECTION 217(2A) AND 217(!)(a) OF THE COMPANIES ACT, 5956.

There were no employees or Directors drawing salary in excess of Rs 2,00,000/- p.m. or Rs 24,00,000/- p.a. during year under review.

DIRECTORS RESPONSIBILITY STATEMENT:

The Directors hereby confirm:

1. that in the preparation of the Annual Accounts, the applicable accounting standards have been followed and that no material departure have been made from the same;

2. that they 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 loss of the company for that period;

3. that they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provision of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

4. that they have prepared the Annual accounts on a going concern basis;

AUDITORS:

M/s RISHABH D. JAIN & CO., Chartered Accountants, Auditors of the Company, retire at the ensuing Annual General Meeting and offer themselves for reappointment.

LISTINGS:

The equity shares of the Company are at present listed with Bombay Stock Exchange Limited. The Company is regular in payment of Listing Fee.

CASH FLOW STATEMENT:

In conformity with the provision of clause 32 of the Listing Agreement and requirement of Companies Act, 1956 the cash flow statement for the year ended 31.03.2010 is annexed here to.

ACKNOWLEDGMENT:

The Board of Directors expressed deep gratitude for the assistance, co-operation and support extended to your Company by the stakeholders and look forward to their continued support.

FOR & ON BEHALF OF BOARD OF DIRECTORS

DIRECTOR

Place: Mumbai

Date: 3rd September, 2010

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Mar 31, 2009

The Directors have pleasure in presenting the Annual Report of the Company together with the Audited Annual Accounts for the year ended March 31, 2009.

FINANCAIL RESULTS

Year ended Year ended March 31, March 31,

2009 Rs. 2008 Rs. Profit/(Loss) before depreciation and taxes (55,863) (68,684)

Net Profit/(Loss) before Tax (55,863) (68,684)

- Less: Provision for Tax 0 0

Net Profit/(Loss) after tax (55,863) (68,684)

Balance B/F from previous year (23,45,527) (22,76,843)

Balance carried to balance Sheet (24,01,390) (23,45,527)



OPERATIONS

During the year under report, the Company has performed better than the previous year. The Company has made a loss of Rs.55,863/- in the year under report as against Rs.68,684/- in the previous year. Earning per share for the year is Rs. (0.11). Due to sluggish market conditions the company made a loss.

CORPORATE GOVENANCE

The paid-up Capital of the Company being less than Rupees Three Crores, the Clause 49 of the Listing Agreement is not applicable to the Company.

AUDITORS

M/s. Rishabh D. Jain & Company, Chartered Accountants, the present Statutory Auditors of the Company retire at the conclusion of the ensuing Annual General Meeting and being eligible, offer themselves for re-appointment.

PUBLIC DEPOSITS

During the year the Company has not accepted any deposits form public u/s. 58A of the Companies Act, 1956.

DIRECTORS RESPONSIBILITY STATEMENT

The Directors confirm that: