To, The Members, DHOOT INDUSTRIES LIMITED
The Directors have great pleasure in presenting 27th Annual Report
along with the Audited Balance Sheet and Profit And Loss Account, for
the year ended 31st March, 2012.
1. FINANCIAL RESULTS:
(Amt. In Rs.)
PARTICULARS Year ended
Total Income 10,19,250 23,46,153
(Excluding Depreciation) 7,02,950 17,14,730
Gross Profit/(Loss) before
Depreciation & Tax 3,16,300 6,31,423
Add/Less: Depreciation (Net) - 46,160
Profit/(Loss) before Taxation 3,16,300 5,85,283
Less: Provision for Taxation 1,10,000 -
Provision for income Tax & FBT - 3,14,668
Deferred Tax - (2,22,385)
Net Profit/(Loss) after Taxation 2,06,300 4,93,000
Transfer from General Reserve 29,00,669 -
Balance Brought forward from
previous year - 24,07,669
Balance carried forward to
Balance Sheet 31,06,969 29,00,669
In order to conserve the resources, your Directors do not recommend any
dividend for this year.
Your Company did not accept any deposits from the public during the
4. SHIFTING OF REGISTERED OFFICE:
During the period under review, company''s registered office was change
from Shop No. 11, Prathmesh Leela, Opp. Don Bosco School, New Link
Road, Borivali (west),
Mumbai – 400 092 to Shop No. 4, Prathmesh Leela, Opp. Don Bosco School,
New Link Road, Borivali (west), Mumbai – 400 092 w.e.f. 2nd July, 2012.
M/s. Shyam C. Agrawal & Co., Chartered Accountants, Mumbai Auditors of
the Company are holding the office till the conclusion of ensuing
Annual General Meeting and have confirmed their availability for their
Since the Company has no subsidiaries, provision of Section 212 of the
Companies Act, 1956 is not applicable.
During the year Mr. Nitin Ashok Agrawal is retiring by rotation and
being eligible offers himself for reappointment in pursuance of
provisions of the Articles of Association of the Company.
8. DIRECTORS RESPONSIBILITY STATEMENT: The Board of Directors hereby
a) That in the preparation of the Annual Accounts, the applicable
accounting standards have been followed along with proper explanation
relating to material departures.
b) That the Directors 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
financial year and of the Profit or Loss of the Company for that
c) That the Directors have taken proper and sufficient care for the
maintenances 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.
d) That the Directors have prepared the Annual accounts on a going
9. MANAGEMENT DISCUSSION AND ANALYSIS:
Management Discussion and Analysis of Financial Condition and Results
of Operation of the Company for the year under review, as stipulated in
Clause 49 of the Listing
Agreement with the Stock Exchanges, is given as a separate statement in
this Annual Report (Annexure 1)
10. CORPORATE GOVERNANCE CODE:
Corporate Governance along with the Certificate of the Auditors of your
Company pursuant to Clause 49 of the Listing Agreement with the Stock
Exchange has been included in this report as Annexure. Your Company has
been practicing the principle of good Corporate Governance over the
years. The Board of Directors supports the board principles of
Corporate Governance over the years. In addition to the basic governing
issues, the board lays strong emphasis on transparency, accountability
11. COMPLIANCE CERTIFICATE:
Compliance Certificate as required under section 383A of the Companies
Act, 1956 prepared and issued by K.S.V.N.S Kameswara Road & Associates,
Company Secretaries is annexed in Annexure 2.
12. PARTICULARS OF EMPLOYEES:
There were no employees employed during the whole or part of the year
who were in receipt of remuneration aggregating to Rs.2,00,000/- p.m.
or Rs.24,00,000/- p.a. hence no particulars are given.
13. PARTICULARS OF CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND
FOREIGN EXCHANGE EARNING AND OUTGO AS PER SECTION 217(1) COMPANIES
(DISCLOSURE OF PARTICULARS IN THE REPORT OF BOARD OF DIRECTORS) RULES,
A) Conservation of energy:
The Operations of the Company are not energy-intensive, though adequate
measures have been taken to conserve and reduce energy consumption by
using energy-efficient hardware and other equipment in line with the
our philosophy is that energy saved is energy produced.
B) Technology absorption, research and development:
In its endeavor to obtain and deliver the best, your Company
successfully deployed a growing and diverse team of R & D specialist
with expertise covering hardware, networking systems software, and
database and application software. This helped the Company leverage
the latest technologies and deploy/absorb cutting-edge technologies
wherever feasible, relevant and appropriate. No separate record of the
expenditure incurred on R & D is maintained.
C) There are no Foreign Exchange earnings and outgoings during the year.
The Directors take this opportunity to thank all the employees, Banks
and Customers for their contribution to the Company''s performance
during the year under review.
BY ORDER OF THE BOARD DHOOT INDUSTRIES LIMITED
DATE : 31st August, 2012.