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.
The financial results of the company for the year under review are
Year Ended Year Ended
31 March, 31 March,
(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
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.
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,
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.
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.
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
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
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.
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