The Board of Directors of Wellwin Industry Ltd. have pleasure in
 presenting the Sixteenth Annual Report of your company for 12 months
 period ending 31st of March 2012 together with Audited Statement of
 Accounts.
 
 Performance at a Glance
 
 
 Particulars                        Rs.in Lacs         Rs.in Lacs
                                    12 months period   12 months period
                                    ending             ending
                                    31st of March 2012 31st of March 2011
 
 Profit before Depreciation and Tax    (134.19)           (2101.15)
 
 Less: Depreciation                          0                   0
 
 Profit After Depreciation             (134.19)           (2101.15)
 
 Provision for Taxation                   Nil                 Nil
 
 Amount available for
 appropriation                         (134.19)           (2101.15)
 
 Profit brought forward from 
 previous year                        (8603.38)           (6502.23)
 
 Total amount available for 
 appropriation                        (8737.57)           (8603.38)
 
 APPROPRIATION
 
 Transfer to General Reserve              Nil                 Nil
 
 Provision for equity dividend            Nil                 Nil
 
 Surplus carried to Balance Sheet     (8737.57)           (8603.38)
 
 Total amount appropriated                Nil                 Nil
 
 
 
 
 DIVIDEND:
 
 In view of the loss suffered by the Company during the year, your
 Directors have not recommended dividend for this year.
 
 BUSINESS OPERATIONS:
 
 During the year under review, the Company has achieved no turnover and
 incurred a loss of Rs.1.34 Crores. The Company after taking permission
 of the share holders in the form of Postal Ballot has effected sale of
 Land & Building as well as Plant & Machinery. However, there is an
 Income Tax attachment for which clearance is expected from IT
 authorities. After receipt of clearance from Income Tax authorities,
 the property will be transferred in the name of M/s.Chitra
 Constructions Pvt. Ltd.
 
 CORPORATE GOVERNANCE:
 
 Your company is always committed to transparency in governing the
 company. A detailed report on corporate governance is enclosed with
 this annual report for your information. A certificate issued by
 M/s.A.K.Rajagopalan & Co., Chartered Accountants with regard to
 compliance of clause 49 of the listing agreement entered with the stock
 exchanges also forms part of the annual report.
 
 DIRECTORS
 
 Shri .T.Ranganathan, Director retires by rotation in the forthcoming
 Annual General Meeting and being eligible offers himself for
 re-appointment.
 
 DIRECTORS REPONSIBILITY STATEMENT:
 
 (Pursuant to Section 217 (2AA) of the Companies Act, 1956)
 
 - That in the preparation of the annual accounts, the applicable
 accounting standards have been followed and that there are no material
 deviation there from.
 
 - Reasonable and Prudent accounting policies have been applied in the
 preparation of financial statements that they have been consistently
 applied and that reasonable and prudent judgement and estimates have
 been made in respect of items not concluded by the year end, so as to
 give a true and fair view of the state of affairs of the company as on
 31st of March 2012 and of the Profit for the 12 months period ended on
 that date.
 
 - 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.
 
 - The financial statements have been prepared on a going concern basis.
 
 PUBLIC DEPOSITS
 
 Your company has not accepted deposits from the public during the year.
 
 HEALTH, SAFETY AND ENVIRONMENTAL PROTECTION:
 
 Your Company has substantially complied with applicable Environmental
 laws and Labour Laws. It has expended substantial resources, both
 financial and managerial, in complying with the relevant laws and has
 taken ail reasonable measures to protect the environment, to ensure
 safety and health of the workers.
 
 PERSONNEL:
 
 The Company as you are aware was facing an extra ordinary situation
 where by all the employees of the company were given notice and
 terminated by settling all their statutory dues. The Company had
 promised to reabsorb them if necessary at a later date once the matter
 regarding settlement of dues to secured creditors has been resolved.
 
 AUDITORS
 
 M/s.A.K.Rajagopalan & Co., Chartered Accountants, New No. 18, Old
 No.84, Luz Avenue, Mylapore, Chennai 600 004,the Auditors of the
 company retire at the ensuing Annual General Meeting and are eligible
 for re-appointment.
 
 CONSERVATION OF ENERGY, TECHNOLOGY AND FOREIGN EXCHANGE:
 
 Particulars required to be disclosed under the Companies (Disclosure of
 particulars in the Report of the Board of Directors) Rules, 1988 are
 annexed hereto and the same forms part of this report. (Annexure I)
 
 INFORMATION UNDER SECTION 217 (2A) OF THE COMPANIES ACT, 1956 READ WITH
 COMPANIES (PARTICULARS OF EMPLOYEES) AMENDMENT RULES 2002.
 
 The Provisions of Section 217 (2A) of the Companies Act, 1956 and rules
 thereof are not applicable as not employees was in receipt of the
 remuneration to the extent laid down therein.
 
 ACKNOWLEDGEMENTS:
 
 We are thankful to our Bankers for the co-operation and assistance
 rendered by them. The Board places on record their thanks to the
 stakeholders, shareholders and customers for the confidence reposed by
 them in the Company and their appreciation for the services and
 untiring efforts of the employees at all levels, which has helped the
 company to achieve the results.
 
 
 
                                         By Order of the Board 
 
                                      For WELLWIN INDUSTRY LTD.
 
                                                            Sd/- 
 
 Place: Chennai                                  R.RAJAGOPALAN
 
 Date: 22.10.2012                            MANAGING DIRECTOR