Hartron Communications Ltd. के निदेशक की रिपोर्ट

Mar 31, 2014

Dear Members,

The Directors feel pleasure in presenting 26th Annual Report along with the audited accounts for the year ended 31st March 2014.

FINANCIAL RESULT

The Directors wish to inform you that the total revenue for the year is 22.09 cr as compared to previous year where it was Rs 33.12 cr .

The income from the BPO business for the current year is Rs 10.33 cr as compared to the 18.43 in the previous year. There is decrease in the revenue due to low volume of work received from the foreign clients. Your Directors are constantly looking for new projects to the taken up.

During the financial year 2013-2014 ,In the real estate business, the company has completed the construction of major part of the industrial building at Gurgaon and the lease deed for the building has also been signed with the tenant. The summarized operating results are as under:-

FINANCIAL HIGHLIGHTS (Rs. In lacs) As on 31.3.2014 As on 31.3.2013

SALES & OTHER INCOME 2209.74 3312.01

PROFIT BEFORE FIN CHARGE 727.22 1095.90

INTEREST / FINANCIAL EXP 235.35 226.86

PROFIT AFTER TAX 423.44 514.85

Profit of the company has decreased from Rs. 514.85 to 423.44 . Your Directors are constantly working for getting new projects and it is hopeful that results for the financial year 2014-15 will be better.

DIVIDEND AND RESERVE

The company propose to transfer Rs 42343749 to the general reserve out of the profit during the year. Your Directors propose to conserve the profit for the future requirement of the company. Hence do not propose to declare any dividend during the year under consideration.

RETIRING DIRECTORS

Mr Parmanand Sharma, Mr Devinder Kumar Vasistha, Sh Kuldeep Sandhu and Mrs Nirmala Malik Directors , the office of whom are liable to retire by rotation at the forth coming Annual General meeting . They have shown their inability to continue as Directors of the company and have not offered themselves for reappointment.

Mrs. Nisha Malik and Mr. Vijay Singh Kadan Directors, retire by rotation and being eligible , have offered themselves for reappointment.

DIRECTOR''S RESPONSIBILITY STATEMENT

The Directors confirm that

1. In the preparation of annual accounts, the applicable accounting standards have been followed except the A.S. 15 regarding accounting for retirement benefits i.e. provision for retirement benefits has not been made.

2. That appropriate accounting policies have been selected and applied consistently, and 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 profit of the company for the year ending on that date.

3. That 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

4. That the annual accounts for the financial year ending 31st March, 2014 have been prepared on going concern basis . FIXED DEPOSITS

Company has not accepted any deposits during the year nor there any unclaimed deposits due for repayment at the close of the financial year.

SUSPENSION OF TRADING OF SHARES

Your Directors are consistently following up the matter of revocation of suspension of share trading with Stock Exchanges and have completed all necessary documents from time to time as per the direction of the exchanges.

The company is regularly doing all the compliances time to time as per the requirement of listing agreement and laws relating thereto.

The company has also filed applications with NSDL and CDSL for dematerialization of share. However the process will be completed as soon as the company gets the listing ce rtificate from the from the Stock Exchange.

REAL ESTATE BUSINESS

Duri ng the financial year 2013-2014, in the real estate business, the company has completed the construction of major part of the industrial building at Gurgaon and the lease deed for the building is also signed with the tenant.

AUDITORS

M/s. Vinod Kumar & Associates, Chartered Accountants hold the office till the conclusion of ensuing annual general meeting and being eligible offers them self for reappointment.

AUDITOR''S REPORT

The Auditors report on the accounts have been extensively dealt with in the notes to the accounts and is self explanatory.

EMPLOYEES

Yours Directors wish to place on record the appreciation for the dedication and hard work put in by the employees at all levels.

CORPORATE GOVERNANCE

A certificate from the auditors of the company regarding compliance of conditions of corporate governance as stipulated in the clause 49 of listing agreement is attached to this report.

ACKNOWLEDGEMENTS

Your Directors place on record their appreciation of the sincere contributions by our bankers and other Government departments for their support. Your Directors also acknowledge with thanks the continued confidence and valued cooperation extended by the business constituents and shareholders of the company

For and on behalf of the Board For Hartron Communications Limited

Randhir Singh Malik Place: Panchkula Chairman Date: 14.08.2014 DIN NO 00307612

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Mar 31, 2013

The Directors feel pleasure in presenting 25th Annual Report along with the audited accounts for the year ended 31 st march 2013.

FINANCIAL RESULT

The Directors have pleasure to inform you that the total revenue or the year is Rs. 33.12 cr as compared to previous year where it was Rs. 21.38 cr .which shows an increase in overall revenue to the extent of 154.84% over the last year.

The income from the BPO business both export and domestic for the current year is Rs. 18.43 cr (Current year export income Rs. 18.00 CR and domestic income is Rs. 0.43 cr) and for previous year is Rs. 3.81 Cr which shows an increase to the tune of 483.72% over last year.

The company has also done some business activity in the field of real state and also earned a some profit in the current year.

The summarized operating results are as under:-

FINANCIAL HIGHLIGHTS

(Rs. In Lacs)

AS ON 31.3.2013 AS ON 31.3.2012

SALES & OTHER INCOME 3312.01 2217.08

OPERATING PROFIT 1018.03 913.28

INTEREST 226.86 242.33

DEPRECIATION 168.76 136.26

PROFITAFTERTAX 514.86 484.01

Profit of the company has increased from Rs 484.01 lacs to Rs 514.86 lacs and it is hopeful that results for the financial year 2013-14 will be better. DIVIDEND AND RESERVE

The company propose to transfer Rs. 55031039.00 to the general reserve out of which Rs 51486039.00 is from the profit during the year and Rs. 3545000.00 out of the share premium account received during the year. Your directors propose to conserve the profit for the future requirement of the company. Hence do not propose to declare any dividend during the year under consideration. RETIRING DIRECTORS

Mr. Gurpreet Singh Sawhney and Mrs. Neeru Sandhu Directors, the office of whom are liable to retire by rotation at the forth coming Annual General meeting . They have shown their inability to continue as Directors of the company and have not offered them selves for reappointment.

Mrs. Nirmala Malik, Mrs. Nisha Malik and Mr. Vijay Singh Kadan Directors , retire by rotation and being eligible , have offered themselves for reappointment. DIRECTORS RESPONSIBILITY STATEMENT Pursuant to section 217(2AA) of the Companies Act 1956 confirm that:-

1. In the preparation of annual accounts, the applicable accounting standards have been followed except the following.

A.S. 15 regarding accounting for retirement benefits i.e.provision for retirement benefits has not been made.

2. That appropriate accounting policies have been selected and applied consistently, and 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 31 st March 2013 and profit of the company for the year ending on that date.

3. That 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

4. That the annual accounts for the financial year ending 31st March, 2013 have been prepared on going concern basis.

FIXED DEPOSITS

Company has not accepted any deposits during the year nor there any unclaimed deposits due for repayment at the close of the financial year.

SUSPENSION OFTRADING OF SHARES ON BSE

Your directors are consistently following up the matter of revocation of suspension of share trading with BSE and have mpleted all necessary documents from time to time as per the direction of the exchange. The company had also written a letter to the SECURITY AND EXCHANGE BOARD OF INDIA informing about the suspension of share trading by BSE and requested SEBI to intervene so that trading could be started.The company also paid an amount of Rs 3,58475/- to BSE as fee for revocation of suspension. The company has also filed applicatons with NSDL and CDSL for dematerialization of share.

REAL ESTATE BUSINESS

The company has also done some business activity in the field of real estate and the company has earned some prof it through it.

AUDITORS

M/s. Vinod Kumar & Associates, Chartered Accountants hold office till the conclusion of ensuing annual general meeting and being eligible, offer themselves for reappointment.

AUDITORS REPORT

The Auditors report on the accounts have been extensively dealt with in the notes to the accounts and is self explanatory.

EMPLOYEES

Particular of employees as required under section 217(2A) of the companies Act 1956 read with the companies(Particular of employees)Rules 1975 as amended are given in the schedule of notes of accounts.

Yours Directors wish to place on record the appreciation for the dedication and hard work put in by the employees at all levels.

CORPORATE GOVERNANCE

A certificate from the auditors of the company regarding compliance of conditions of corporate governance as stipulated in the clause 49 of listing agreement is attached to this report.

ACKNOWLEDGEMENTS

Your Directors place on record their appreciation of the sincere contributions by our bankers and other Government departments fortheirsupport.

Your Directors also acknowledge with thanks the continued confidence and valued cooperation extended by the business constituents and shareholders of the company.

For and on behalf of the Board

For Hartron Communications Limited

Place : Panchkula R S Malik

Dated : 30/05/2013 Chairman

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Mar 31, 2010

The Directors have pleasure in presenting the Twenty second Annual Report along with audited accounts for the year ended March 31,2010.

FINANCIAL RESULTS

The Directors have pleasure to inform you that the company has been continuously receiving orders for repair of exchanges/parts. In addition to job work, the company is also doing BPO work for US Companies & has also earned rental income of factory premises at Gurgaon and showroom at Chandigarh.The summarized operating results are as under: -

FINANCIAL HIGHLIGHTS

(Rs. In Lacs)

AS ON 31.3.2010 AS ON 31.3.2009

SALES & OTHER INCOME 1440.84 985.97

OPERATING PROFIT 892.42 628.23

INTEREST 287.62 249.16

DEPRECIATION 127.27 76.92

PROFIT AFTER TAX 364.81 260.83

RETIRING DIRECTORS

Mr. Gurprit Singh Sawhney, Mrs. Nisha Malik retire by rotation and have offered themselves for reappointment.

DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to section 217 (2AA) of the Companies Act 1956, your Directors, based on the representations received from the operating management and after due enquiry, confirm that: -

i) In the preparation of annual accounts, the applicable accounting standards have been followed except the following.

a) A.S. 2 regarding valuation of stocks. The stocks which are quite old and have become obsolete have been taken at its realisable value.

b) A.S. 15 regarding accounting for retirement benefits. The provision for gratuity has been made. As regards the other benefits same will be accounted for on payment basis as it is not possible to value the same.

Further so far as reconciliation statements with various debtors, supplier & banks are concerned, the same are in process & will be finalised soon.

ii) That appropriate accounting policies have been selected and applied consistently, and 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, 2010 and profit of the company for the year ending on that date.

iii) That 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) That the annual accounts for the financial year ending 31 st March, 2010 have been prepared on a going concern basis.

FIXED DEPOSITS

Company has not accepted any deposit during the year nor there are any unclaimed deposit due for repayment at the close of the financial year.

AUDITORS

M/s. Vinod Kumar & Associates Chartered Accountants hold office till the conclusion of ensuing Annual General Meeting and being eligible, offer themselves for reappointment.

Notes referred to in the Auditors Report are self-explanatory.

EMPLOYEES

Particulars of employees as required under section 217 (2A) of the companies Act 1956 read with the companies (Particulars of employees) Rules 1975 as amended are given in the schedule of notes of accounts.

Yours Directors wish to place on record the appreciation for the dedication and hard work put in by the employees at all levels.

CORPORATE GOVERNANCE

A certificate from the auditors of the company regarding compliance of conditions of Corporate Governance as stipulated in the clause 49 of listing agreement is attached to this report.

ACKNOWLEDGMENTS

Your Directors place on record their appreciation of the sincere contribution by our Bankers i.e.Punjab & Sind Bank, Kotak Mahindra Bank and Corporation Bank and other Government Departments for their support.

Your Directors also acknowledge with thanks the continued confidence and valued cooperation extended by the business constituents and shareholders of the company.

For and on behalf of the Board Place : Panchkula SANJEET MALIK

Dated : 19-07-2010 (Managing Director)

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Mar 31, 2009

The Directors have pleasure in presenting the Twenty first Annual Report along with audited accounts for the year ended March 31,2009

FINANCIAL RESULTS

The Directors have pleasure to inform you that the company has been continuously receiving orders for repair of exchanges/parts. In addition to job work, the company is also • doing BPO work for US Companies & has also earned rental income of factory premises at Gurgaon and showroom at Chandigarh.The summarized operating results are as under: -

FINANCIAL HIGHLIGHTS

(Rs. In Lacs)

AS ON 31.3.2009 AS ON 31.3.2008

SALES & OTHER INCOME 985.97 590.45

OPERATING PROFIT 628.23 139.49

INTEREST 249.16 15.02

DEPRECIATION 76.92 27.64

PROFIT AFTERTAX 260.83 83.85

RETIRING DIRECTORS

Mrs. Nirmala Malik & Mr. Parmanand Sharma retire by rotation and have offered themselves for reappointment.

Re-appointment of Sh. R. S. Malik as Chairman: The Board in its meeting held on 30.07.2009 has unanimously resolved to reappoint Sh. R. S. Malik as chairman of the company for a further period of 5 year w.e.f. 02.08.2009.

DIRECTORSRESPONSIBILITY STATEMENT

Pursuant to section 217 (2AA) of the Companies Act 1956, your Directors, based on the representations received from the operating management and after due enquiry, confirm that: -

i) In the preparation of annual accounts, the applicable accounting standards have been followed except the following.

a) A.S. 2 regarding valuation of stocks. The stocks which are quite old and have become obsolete have been taken at its realisable value.

b) A.S. 15 regarding accounting for retirement benefits. The provision for gratuity has been made. As regards the other benefits same will be accounted for on payment basis as it is not possible to value the same.

Further so far as reconciliation statements with various debtors, supplier & banks are concerned, the same are in process & will be finalised soon.

ii) That appropriate accounting policies have been selected and applied consistently, and 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, 2009 and profit of the company for the year ending on that date.

iii) That 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) That the annual accounts for the financial year ending 31 st March, 2009 have been prepared on a going concern basis.

FIXED DEPOSITS

Company has not accepted any deposit during the year nor there are any unclaimed deposit due for repayment at the close of the financial year.

AUDITORS

M/s. RK. Diwan & Co. the auditors of the company merged their firm with M/s. Vinod Kumar and associates. In view of the merger, M/s. Vinod Kumar & Associates were appointed statutory auditors of the company on 1st April 2009 for the financial year 2008-09. M/s. Vinod Kumar & Associates Chartered Accountants hold office till the conclusion of ensuing Annual General Meeting and being eligible, offer themselves for reappointment.

Notes referred to in the Auditors Report are self-explanatory.

EMPLOYEES

Particulars of employees as required under section 217 (2A) of the companies Act 1956 read with the companies (Particulars of employees) Rules 1975 as amended are given in the schedule of notes of accounts.

Yours Directors wish to place on record the appreciation for the dedication and hard work put in by the employees at all levels.

CORPORATE GOVERNANCE

A certificate from the auditors of the company regarding compliance of conditions of Corporate Governance as stipulated in the clause 49 of listing agreement is attached to this report.

ACKNOWLEDGMENTS

Your Directors place on record their appreciation of the sincere contribution by our Bankers i.ePunjab & Sind Bank, HDFC Bank, Kotak Mahindra Bank and Corporation Bank and other Government Departments for their support.

Your Directors also acknowledge with thanks the continued confidence and valued cooperation extended by the business constituents and shareholders of the company.

For and on behalf of the Board Place : Panchkula SANJEET MALIK Dated : 10th Aug, 2009 (Managing Director)