IndoBonio 2016 5310840313

19th AnnuAl RepoRt
(2012-2013)
Indo BonIto
MultInAtIonAl
lIMIted
INDO BONITO MULTINATIONAL LIMITED
CORPORATE INFORMATION
BOARD OF DIRECTORS
Mr. Subhabrata Sudhansu Datta

(Non-Executive, Independent Chairman)
Mr. Vinayak Gopal Borikar Contents

(Non-Executive, Independent Director)
Notice 2
Mr. Anand C. Raval
(Executive Director)
Directors Report 7
Mr. Sumuna Rajan Pandian
(Managing Director)
Management Discussion and Analysis 12
Mr. Shivara Timmaryappa Venkatachala
(Executive Director) Report on Corporate Governance 14
Mr. Marimuthu Rajangam
(Non-Executive Director) Auditors Report 23
REGISTERED OFFICE Balance Sheet 27
A 729, TTC Industrial Area,

Koparkhairne, Navi Mumbai 400 705 Statement of Prot and Loss Account 28
SHARE TRANSFER AGENT Cash Flow Statement 29
Sharepro Services (India) Pvt. Ltd. Sam

Hita Warehousing Complex, Warehouse
No. 52 & 53, Plot No. 13AB,
2nd Floor, Sakinaka, Andheri (East),
Mumbai 400 072.
AUDITORS
M/s. S. U. Radhakrishnani & Co.,

Chartered Accountants,
6A, Amarjeevan 41,Saint Martins Road,
Near Bandra Police Station , Bandra (W),
Mumbai:-400 050
BANKERS
Bank of India
Union Bank of India
Indusind Bank
Citi Bank Limited
State Bank of India
HDFC Bank Limited
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19 Annual Report 2012-13 1
NOTICE
NOTICE is hereby given that the 19th Annual General Meeting of the members of INDO BONITO
MULTINATIONAL LIMITED will be held at Office No. B-121, Balaji Bhavan, Plot No. 42A, Sector- 11,
CBD Belapur, Navi Mumbai 400 614 on Monday, the 30th Day of September, 2013 at 2.00 P.M. to transact
the following businesses:
ORDINARY BUSINESSES:
1. To receive and adopt the Audited Balance Sheet as at 31st March 2013 and the Statement of Profit
and Loss for the year ended on that date and the reports of the Directors and the Auditors thereon.
2. To appoint a Director in place of Mr. Marimuthu Rajangam, who retires by rotation and, being,
eligible offers himself for re-appointment.
3. To consider and, if thought fit, to pass, with or without modification(s), the following Resolution as
an Ordinary Resolution:
RESOLVED THAT M/s. S. U. Radhakrishanani & Co., Chartered Accountants, be and are hereby
appointed as Statutory Auditors of the Company to hold office from the conclusion of this Annual
General Meeting until the conclusion of the next Annual General Meeting of the Company, on such
remuneration as may be determined by the Board of Directors of the Company.
SPECIAL BUSINESSES:
4. To consider and, if thought fit, to pass, with or without modification(s), the following resolution as an
Ordinary Resolution:
RESOLVED THAT Mr. Shivara Timmaryappa , who was appointed by the Board of Directors as an
Additional Director of the Company with effect from 2nd November, 2012 and who holds office upto
the date of this Annual General Meeting in terms of Section 260 of the Companies Act, 1956 (the Act)
and in respect of whom the Company has received a notice in writing from a member under Section 257
of the Act, proposing his candidature for the office of Director, be and is hereby appointed as a Director
of the Company, liable to retire by rotation.
By Order of the Board of Directors

For Indo Bonito Multinational Limited
Director
Date 2nd September, 2013
Place: - Mumbai
Registered Office:
Koparkhairne, Navi Mumbai 400705
2
NOTES:
1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS ENTITLED TO

APPOINT A PROXY TO ATTEND AND VOTE ON A POLL INSTEAD OF
HIMSELF/HERSELF AND SUCH PROXY NEED NOT BE A MEMBER OF THE
COMPANY. THE PROXIES IN ORDER TO BE EFFECTIVE MUST BE RECEIVED AT THE
REGISTERED OFFICE OF THE COMPANY, NOT LESS THEN FORTY EIGHT HOURS
BEFORE THE COMMENCEMENT OF THE MEETING. A PROXY FORM IS APPENDED
WITH THE ADMISSION SLIP.
2. Corporate members are requested to send duly certified copy of the Board of Directors
resolution/power of attorney authorising their representative to attend and vote at the annual
general meeting.
3. Information regarding particulars of directors to be appointed and the directors seeking

reappointment requiring disclosure in the terms of the listing agreement and the explanatory
statement pursuant to Section 173 of the Companies Act 1956, are annexed hereto. The
directorships held by the directors considered for the purpose of disclosure do not include the
directorships held in private Companies, foreign companies and companies under Section 25 of
the Companies Act. The committee chairmanship/memberships considered for the purposes of
disclosure are those prescribed under clause 49(1)(C) of the listing agreement viz. Audit
Committee and Shareholders/Investor Grievance Committee of the Indian public Company.
4. As a part of its green initiatives in corporate governance the Ministry of Corporate Affairs vide
its Circular No. 17/2011 and 18/2011 dated 21st April, 2011 and 29th April, 2011 respectively has
allowed the companies to send official communication and documents to its shareholders
through email. Accordingly in cases where the shareholders have registered their email id with
their depository participant/ Companies Registrar and share transfer agent, the Company has
decided to henceforth send all documents/communications including notice of general
meetings, annual reports, divided intimations, if any etc., through email. For other cases, the
Company will continue to send printed annual reports as usual.
Shareholders are requested to update their preferred email ids with the Company/ depository
participants which will be used for the purpose of sending the official documents through e-
mail.
5. The Register of Members and the Share Transfer Books of the Company will remain
closed from 26th September, 2013 to 30th September, 2013 (both days inclusive) in the terms of
the provisions of the Companies Act, 1956 and the listing agreement for the purpose of the
Annual General Meeting.
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6. The Annual Reports will also be available on the website of the Company www.indobonito.com
in the investor section.
7. Shareholders having any question on financial statements or any agenda item proposed in the
notice of annual general meeting are requested to send their queries at least ten days prior to the
annual general meeting of the Company at its registered office to enable the Company to collect
the relevant information.
8. Members desirous of getting any information about the accounts and operations of the
Company are requested to address their queries to the Compliance Officer of the Company at
least seven days in advance of the meeting so that the information required may be made
readily available at the meeting.
9. Shareholders who are holding shares in physical form are requested to address all
correspondence concerning registration of transfers, transmissions, sub-division, consolidation
of shares or any other share related matters and/or change in address or updation thereof to the
Companys Registrar and Share Transfer Agent. Shareholders whose shareholding is in
electronic format are requested to direct change of address notifications, registration of e-mail
address and updation of bank account details to their respective depository participant.
10. In case of joint holders attending the Meeting, only such joint holder, who is higher in the order
of names will be entitled to vote.
11. Statutory registers and documents referred to in the notice and explanatory statement are open
for inspection at the Registered office of the Company on all working days (except Sunday and
Public Holiday) between 11.00 a.m. and 1.00 p.m. upto the date of annual general meeting and
will also be available for inspection at the meeting.
12. Shareholders/proxies are requested to bring duly filled admission/attendance slips sent
herewith along with the copies of annual reports at the meeting

Director
Place: - Mumbai
Registered Office:
4
PARTICULARS OF DIRECTORS SEEKING APPOINTMENT / REAPPOINTMENT AT THE

ENSUING ANNAUL GENERAL MEETING PURSUANT TO PROVISIONS OF CLAUSE 49 OF THE
LISTING AGREEMENT:
Name of Director Mr. Marimuthu Rajangam Mr. Shivara Timmaryappa
Date of Birth 13th July, 1965 2nd November, 1974

Date of initial Appointment 4th October, 2008 2nd November, 2012
Expertise in specific functional areas Business Administration Business Administration
Qualifications Masters in Business Masters in Business

Administration Administration
Directorships held in other Public Nil Nil

Companies (excluding Foreign
Companies, Private Companies and
Section 25 Companies).
Memberships/ Chairmanships of Nil Nil

committees (Audit Committee and
Shareholders Grievance Committee) across
other Public Companies.
Shareholdings in the Company Nil Nil
Note:-
The Directorships held by Directors as mentioned above, do not include Directorships of Foreign
companies, Section 25 companies and Private Limited Companies. Further, pursuant to Clause 49 of the
Listing Agreement, only two committees viz. Audit Committee and Shareholders/Investors Grievance
Committee have been considered.
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ANNEXURE TO NOTICE
EXPLANATORY STATEMENT UNDER SECTION 173 (2) OF THE COMPANIES ACT, 1956
ITEM NO. 4
Mr. Shivara Timmaryappa was appointed as an Additional Director of the Company with effect from
2nd November, 2012 and pursuant to the provision of Section 260 of the Companies Act, 1956, holds office
as an Additional Director upto the date of ensuing Annual General Meeting. The Company has received a
notice along with requisite deposit under Section 257 of the Act from a shareholder proposing the
candidature of Mr. Shivara Timmaryappa for the office of Director of the Company.
Brief profile of Mr. Shivara Timmaryappa is given elsewhere in this notice.
Your Directors recommends his appointment as a Director of the Company.

Director
Place: - Mumbai
Registered Office:
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Directors Report
To,
The Shareholders,
Your Directors have pleasure in presenting to you this 19th Annual Report of your Company together with the
Audited Accounts for the Financial Year ended on 31st March, 2013.
Financial Results
Your Companys nancial performance during the year has been encouraging and summarized below:
PARTICULARS For Year ended For Year ended

31st March, 2013 31st March, 2012
REVENUE FROM OPERATIONS

Revenue from Operation 232,208,486 55,880,287
Other Income 1,200,000 3,470,000
TOTAL REVENUE 232,208,486 59,350,287
EXPENSES:
Cost of Material Consumed - -
Purchase of Stock in Trade 181,593,101 46,722,903
Changes in Inventory of Finished Goods 1,084,056 84,1
Work in Progress and Stock in Trade - 25-
Employee Benefit Expenses 2,937,572 4,171,356

Finance Costs 25,822,153 45,074,970
Depreciation and Amortization Expenses 11,367,852 12,027,852
Other Expenses 1,648,229 5,195,186
TOTAL EXPENSES 224,452,963 113,276,392
PROFIT/ LOSS BEFORE EXCEPTIONAL & 89,55,523 (53,926,105)
EXTRAORDINARY
Exceptional Items - (25,346,418)
PROFIT/ LOSS BEFORE EXTRAORDINARY ITEMS AND 89,55,523 (79,272,523)
TAX
Extraordinary Items - -
PROFIT / (LOSS) BEFORE TAX 8,954,975 (79,272,523)
TAX EXPENSE
Current Tax 2,803,121 -
Earlier Year Tax - -
Deferred Tax - -
PROFIT/(LOSS) FOR THE PERIOD 6,152,402 (79,272,523)
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Review of Operations
During the year under review, the Companys Net Income from operations stood at Rs. 232,208,400/- as compared to Rs.
55,880,287/-in the previous year. Profit After Taxation for the year under review stood at Rs. 6,152,301/- as against loss of
Rs.(79,272,523)/- in the previous year.
Dividend
Keeping in mind the capital requirement for future growth of the Company and to conserve higher resources for operations of
the Company, your Directors do not recommend dividend for the Financial Year ended 31st March, 2013.
Share Capital
The Authorized Share capital of the Company remains unchanged during the Financial Year under review.
Public Deposits
During the year under review, the Company has not accepted/renewed any deposits from the public within the meaning of
Section 58A and 58AA of the Companies Act, 1956.
Management Discussion and Analysis

Management Discussion and Analysis Report for the year under review, as stipulated under clause 49 of the Listing Agreement
with the Stock Exchange, is presented in a separate section forming part of the Annual Report.
Directors
During the current year, Mr. Shivara Timmaryappa was appointed as an Additional Director of the Company in the meeting of the
Board of Directors held on 2nd November, 2012. Mr. Shivara Timmaryappa , additional Director, would hold ofce till the ensuing
Annual General Meeting. The Company has received notice in writing from members proposing his candidature, for the ofce of
Director.
Mr. Marimuthu Rajangam, Director of the Company, who is liable to retire by rotation at the ensuing Annual General Meeting and
being eligible, has offered himself for re-appointment.
Brief resume of the Directors proposed to be appointed / re-appointed as stipulated under clause 49 of the Listing Agreement with
the Stock Exchange are given in the notice convening this Annual General Meeting.
The above appointments/re-appointments form part of the notice convening the Annual General Meeting and the resolutions
are recommended for your approval.
Directors Responsibility Statement

Pursuant to the requirement under section 217(2AA) of the Companies Act, 1956 with respect to the Directors Responsibility
Statement, your directors state that:
in the preparation of the annual accounts for the year ended 31st March, 2013, the applicable Accounting Standards read
with requirements set out under Schedule VI to the Companies Act, 1956, have been followed and there are no material
departures from the same.
the selected accounting policies were applied consistently and the Directors 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 31st March, 2013 and of
prot the Company for the year ended as on that date;
proper and sufcient care has been taken for the maintenance of adequate accounting records in accordance with the
provisions of the Companies Act, 1956, to safeguard the assets of the Company and to prevent and detect fraud and other
irregularities;
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the annual accounts have been prepared on a going concern basis.
Auditos
M/s. S. U. Radhakrishnani & Co., Chartered Accountants, the Statutory Auditors of the Company, hold ofce upto the conclusion
of ensuing Annual General Meeting and are eligible for re-appointment. The Company has received a letter from them to the
effect that their appointment, if made, would be within the limits prescribed under Section 224(1B) of the Companies Act, 1956.
Your Directors recommend their re-appointment as Statutory Auditors of the Company to hold ofce from the conclusion of
ensuing Annual General Meeting upto the conclusion of the next Annual General Meeting of the Company and to audit nancial
accounts for the nancial year ending on 31st March, 2014.
Auditors Observations
Observations of the Auditors, read together with the relevant Notes to the Accounts and Accounting Policies are self explanatory.
Subsidiary Companies
The Company does not have any subsidiary Company.
Corporate Governance
Pursuant to Clause 49 of the Listing Agreement, a detailed report on Corporate Governance duly certied regarding compliances
of its conditions by the Statutory Auditors M/s. S. U. Radhakrishnani & Co., Chartered Accountants, is forming part of this
Annual Report and separately attached.
Personnel
The employer employee relations remained cordial throughout the year. The Board places on record its sincere appreciation for
the valuable contribution made by employees across all levels of the organization.
During the year under consideration, there were no employees, whose particulars are required to be furnished under the
provisions of Section 217(2A) of the Companies Acts 1956 read with the rules thereunder.
Energy Conservation, Technology Absorption and Foreign Exchange Earnings and Outgo
Particulars required to be disclosed under the Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules,
1988 are set out in Annexure A to this report.
Acknowledgements
Your Directors wish to express their sincere gratitude to the Union Government and the Government of various States, as also to
all the Government agencies, banks, nancial institutions, customers, vendors and other related organizations, who, through their
continued support and cooperation, have contributed towards the Companys growth and progress during the year under review.
Your Directors also wish to place on record their deep sense of appreciation for investors, shareholders and employees of the
Company for their continued support towards conduct and operations of the Company.

Director
Date 2nd September,2013
Place: - Mumbai
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Annexure A to the Report of the Directors

Particulars as per the Companies (Disclosure of Particulars in the report of the Board of Directors) Rules, 1988 and forming part
of the Directors Report for the Year ended 31st March 2013.
A. Conservation of Energy Technology Absorption, Research & Development and resultant benets:
Your Company believes in continual improvement through up-gradation of technology and adoption of latest manufacturing
techniques. Your Company constantly upgrades / refurbishes its equipments to offer best quality products and minimise
operating cost to improve the productivity & protability.
Form A
A) Power and Fuel Consumption UOM 2012-2013 2011-2012

1) Electricity
a) Purchased
Unit (KWh) NIL NIL
Total Cost (Rs. in Lacs) NIL NIL
Cost / Unit (Rs.) NIL NIL
b) Own Generation
i) Through Diesel Generator Unit NIL NIL
ii) Through Steam Turbine Generation Units NIL NIL
iii) Through Wind Mill
Unit (KWh) NIL NIL
Cost / Unit (Rs.) NIL NIL
2) Coal
Quantity Tonnes NIL NIL
Average Rate (Rs.) NIL NIL
3) Furnace Oil
Quantity K. Ltrs NIL NIL
Average Rate (Rs.) NIL NIL
4) Others/Internal Generation
Quantity K. Ltrs NIL NIL
Rate/ Unit (Rs.) NIL NIL
B. Technology Absorption, Research & Development and resultant benets:
Your Company believes in continual improvement through up-gradation of technology and adoption of latest manufacturing
techniques. Your Company constantly upgrades / refurbishes its equipments to offer best quality products and minimise
operating cost to improve the productivity & protability.
10
C. Foreign Exchange Earnings & Outgo

(` in Lacs)
Particulars 2012- 2013 2011- 2012

Exports as a % of Total income Nil Nil
Total Foreign Exchange earned Nil Nil
Total Foreign Exchange outgo Nil Nil
For and on behalf of the Board

Director
Date 2nd September,2013
Place: - Mumbai
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Management Discussion and Analysis
Industry Structure, Developments and Outlook

The Company management identified the potential of the venture and thus diversified its business by entering into association
with Inspire Group which is involved in venturing with the basic elements such as Water, Health care education, etc.
The Company have diversify the Main Business activities and presently carrying out activity of manufacturing, assembling,
trading, buying, selling, importing, exporting and dealing in Water Purification Systems and Water Treatment Technologies
consisting of water purifier machines, water treatment and purification plants, instruments, devices, spares, accessories, tools or
other articles or goods relating to water purification and water treatment technologies, in order to optimize the facilities of the
Company. Thus, to conclude the Company is presently carrying out the projects related to clean drinking water treatment
technology.
The company sees a very large potential for itself in this business space considering the national importance. As Clean Drinking
Water programmers are being implemented at all levels i.e. at Central Govt., State Govt., Municipal & Zilla Parishad, Development
Boards etc. the Company can get itself actively involved in same, and also can grow financially with a good cause as well.
The company is primarily focusing on following three areas-
1. Providing Clean Drinking water to the rural schools through JALMANI (Central Govt Sponsored Program) and Shiksha
Abhiyan (Central Govt Sponsored Program).
2. Creating Water Entrepreneurship through BOOT Projects by a tripartite agreement which will be entered between the
Infrastructure Owner ,Water Entrepreneur and their company.
3. Promoting the WATER ON WHEELS concept i.e. BOOT Model wherein the process is mobile on a autorikshaw.
Opportunity
Further, Government of India, in the Financial Budget of 2013-2014 allocated Rs. 1,400 crore for setting-up of water purification plants
in 2000 Arsenic and 12000 fluoride-affected rural habitation. Not only this, but Ministry of Drinking Water and Sanitation have also
allotted Rs. 15,260 crore. Considering this Financial Allocation by the Government, the Company is looking forward towards same as
business opportunity to expand its business.
Risks and Concerns

The Company has risks on account of contractual obligations as per the agreements with its customers. Also it has risk of exchange
fluctuations for its exports business. The credit risk in export business is mitigated by taking ECGC cover for its exports business.
The area of concern in the building materials segment is its moderate growth during FY 2012-13.However your Company being
merely a trading company in this line,does not foresee higher risk as compared to the manufacturers of similar products.
The risk in the water and related infrastructure business is the budgetary allocation by Government on its water supply
programs. However clean drinking water being a key health concern and managed by a separate ministry ,this risk is
mitigated.
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Internal Control Systems and their Adequacy

The Company views Internal Control as a tool for improving operational performance and ensuring reliability of reporting
mechanism. The Company is equipped with adequate internal control systems for its business operations which determine the
efciency of its operational strengths in nancial reporting and ensure compliance with applicable laws and regulations. The
internal control systems are supplemented by extensive audits conducted by internal auditors. These have been designed to
provide reasonable assurance with regard to recording and providing reliable nancial and operational information, complying
with applicable statutes, safeguarding assets from unauthorized use or losses, executing transactions with proper authorization,
and ensuring compliance of corporate policies.
Human Resources and Industrial Relations

The Company understands that employees are vital and valuable assets. It believes in creating a favorable work environment
which can lead to innovative ideas. The Company has an optimum process of recruitment and awarding its human resource
which leads to attraction and retention of highly qualied and productive individuals in the organization. This selection
process is continually assessed and rened based on performance tracking of past recruits. The Company further trains the
individuals through training programmes. The Company believes in promoting and nurturing work environment which is
conducive to the development and growth of an individual employee, by employing the best HR practices such as performance
management, reward and recognition policy, open work culture and effective employee communication.
The total number of employees in the Company stands at 93 (including employees employed on contract basis).
Discussion on Financial Performance

The financial results and performance for the year are elaborated in the Directors Report.
Cyclicality / Seasonality in the Industry
Water and related infrastructure business is not seasonal as it is a basic necessity and has demand throughout the year.
Cautionary Statement
Statements in the Management Discussion and Analysis Report describing the Companys objectives, projections, expectations
and estimates regarding future performance may be forward looking statements within the meaning of applicable securities
laws and regulations and are based on currently available information. The management believes these to be true to the best of its
knowledge at the time of preparation of this report. However, these statements are subject to future events and uncertainties,
which could cause actual results to differ materially from those that may be indicated by such statement.
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Corporate Governance Report for the Financial Year 2012-13

(As required under clause 49 of the Listing Agreement entered into with Bombay Stock Exchange)
1. Companys Philosophy on Code of Governance:

Indo Bonito Multinational Limited, the Corporate Governance objective is to create and adhere to a corporate culture of
conscience and consciousness, integrity, transparency and accountability and ethical conduct of business for meeting obligation
towards shareholders and other stakeholders such as Customers, Vendors, Employees and Financiers and to the society at large.
The Company believes in achieving its goals, which result in enhancement of Shareholders value through transparency,
professionalism and nurture these core values in all aspects of its operations.
2. Board of Directors
Composition
The Company has a broad based Board and had a fair representation of Executive, Non Executive and Independent
Directors during the nancial year 2012-2013. As on 31st March, 2013, the Board of Directors of the Company consisted of 6
(Six) directors, 3 (Three) of whom were Executive Directors. The remaining 3 (Three) directors were Non-Executive, and 2 (Two)
Independent Directors, wherein Chairman of the Board of Directors is a Non-Executive Independent Director. The
Directors possess experience in various elds that encompasses manufacturing, accounts, nance and law.
Board Procedure
In advance of each meeting, the Board is provided with relevant information on various matters related to working of the
Company. The agenda is prepared in consultation with the Chairman of the Board. The agenda for the meetings of the board
together with the appropriate supporting documents are circulated well in advance of the meeting. Among other matters Board
discussions generally relate to Companys business, nancial results, review of the reports of the Audit Committee and compliance
with their recommendation(s), suggestion(s), non compliance of any regulation, statutory or Listing requirements etc.
Board Meetings
The Board of Directors met 5 (Five) times during the financial year 2012-2013 on 10th May, 2012, 31st July, 2012 30th August, 2012,
2nd November, 2012, 2nd February, 2013. As stipulated, the gap between two board meetings did not exceed four months. The
Board's composition, attendance and their directorship / committee membership, chairmanship in other Companies as on 31st
March, 2013, is as stated herein below:-
Name of Category of Attendance at Directorships in Companies,
Director Director Membership/Chairmanship in Committees
Board Last AGM Other Committee Committee
Meeting Directorships1 Memberships2 Memberships
Mr. Subhabrata Chairman , Non- 5 Yes 1 2 2

Sudhansu Datta Executive, Independent
Director
Mr. Vinayak Gopal Non-Executive, 5 Yes Nil N.A. N.A.
Borikar Independent Director
Mr. Sumuna Rajan Managing Director 5 Yes Nil N.A. N.A.
Pandian
Mr. Marimuthu Non- Executive Director 5 Yes Nil N.A. N.A.
Rajangam
Mr. Anand C. Executive Director 5 Yes Nil N.A. N.A.
Raval
Mr. Shivara Executive Director 2 N.A. Nil N.A. N.A.
Timmaryappa3
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Notes:
1. Directorships in respect of Private Limited companies, Section 25 companies and Foreign companies have not been
included.
2. Position in Audit Committee and Shareholders Grievance Committee are considered for the purpose.
3. Appointed as Director of the Company w.e.f. 2nd November,2012.
None of the Directors is a member of more than 10 committees and chairman of more than 5 committees (as specified in clause 49)
across all the Companies in which they are Directors.
Audit Committee
Composition and attendance:
The Audit Committee consists of 3 (Three) Directors. The necessary quorum was present at all the meetings. During the year under
review, the Audit Committee met 4 (Four) times during the financial year 2012-2013 on 10th May, 2012, 31st July, 2012, 2nd
November, 2012, 2nd February, 2013.
As stipulated, the gap between two committee meetings did not exceed four months.
The composition of the Audit Committee and the Attendance of Directors at its meeting is given hereunder:
Sr.No. Name of the Committee Designation No. of Meetings

Member
Held during their tenure Attended
1. Mr. Subhabrata Sudhansu Chairman (Independent Director) 4 4

Datta
2. Mr. Vinayak Gopal Borikar Member (Independent Director) 4 4
3. Mr. Sumuna Rajan Pandian Member (Managing Director) 4 4
Brief description of Terms of reference
The terms of reference of Audit Committee includes the matters specified in section 292A of the Companies Act, 1956 and Clause
49 of the Listing Agreement and broadly comprise as under:
1. Review of the Company's financial reporting process and disclosure of its financial information to ensure that the
financial statements are correct, sufficient and credible;
2. Recommend the appointment/re-appointment /replacement or removal of the Statutory Auditor and the fixation of audit
fees and payment for any other services to external auditors;
3. Reviewing with the management, the quarterly/half yearly and annual financial statements before submission to the
Board focusing primarily on:
Any change in the accounting policies and practices;

Matters required to be included in the Director's Responsibility Statement to be included in the Board's report in terms of
section 217(2AA) of the Companies Act, 1956;
Major accounting entries involving estimates based on the exercise of judgment by management;
Significant adjustments made in the financial statements arising out of audit findings;
Compliance with accounting standards;
Compliance with listing and other legal requirements relating to financial statements;
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Disclosure of any related party transactions;

Qualifications in the draft audit report;
4. Reviewing the Company's financial and risk management policies;
5. Review with the management, the statement of uses / application of funds raised through an issue (public issue, rights
issue, preferential issue, etc.), the statement of funds utilized for purposes other than those stated in the offer
document/prospectus/ notice and the report submitted by the monitoring agency about the utilization of proceeds of a
public or rights issue and making appropriate recommendations to the Board to take up steps in this matter,
6. Review with the management, performance of statutory and internal auditors and adequacy of the internal control
systems;
7. Review of the adequacy of internal audit function including the structure of the internal audit department, staffing and
seniority of the official heading the department, reporting structure coverage and frequency of internal audit;
8. Discussion with internal auditors any significant findings and follow up there on;
9. Reviewing the findings of any internal investigations by the internal auditors into matters where there is suspected fraud
or irregularity or a failure of internal control systems of a material nature and reporting the matter to the board;
10. Discussion with statutory auditors about the scope of audit including observation of auditors (post-audit) to ascertain any
area of concern;
11. Look into the reasons for substantial defaults in the payment to the depositors, debenture holders, shareholders (in case of
non payment of declared dividends) and creditors;
12. Reviewing the functioning of the Whistle Blower mechanism, in case the same is existing;
Powers of Audit Committee
The Audit Committee has the following powers:
i) To investigate any activity within its terms of reference;

ii) To seek any information from any employee;
iii) To obtain outside legal or other professional advice;
iv) To secure attendance of outsiders with relevant expertise, if it considers necessary;
Remuneration Committee
Composition
The Remuneration Committee has been constituted by the Board of Directors to review and determine the remuneration package
of the Executive and Non Executive Directors in accordance with the guidelines laid out by statute and the Listing Agreement with
the Stock Exchanges. During the year under review, the No Remuneration Committee meetings held.
16
The present composition of Remuneration Committee is as follows:
Sr.No. Name of the Committee member Designation No. of Meetings

Held during their Attended
tenure
1. Mr. Vinayak Gopal Borikar Chairman Nil N.A.
2. Mr. Subhabrata Sudhansu Datta Member Nil N.A.
3. Mr. Marimuthu Rajangam Member Nil N.A.
Remuneration Policy:
The Remuneration Policy of the Company is to remain competitive in the industry to attract and retain talent and appropriately
reward them. The Company while deciding the remuneration package takes into consideration the following:
a. Financial Position of the Company;

b. Trend in the Industry;
c. Appointees qualification, experience, past performance, past remuneration etc;
d. Neutral view while determining the remuneration package;
e. Balance between interest of the company and shareholders.
f. Details of remuneration paid to Executive Directors are as follows:
Name Salary & Perquisites Commission Sitting Fees Total

Mr. Sumana Rajan Pandian Rs. 2.4 Lacs P.a. Nil Nil Rs. 2.4 Lacs P.a
Number of Equity Shares held by the Directors as on 31st March,2013
Name Designation No. of shares held

Mr. Sumana Rajan Pandian Executive Director 230500
Shareholders/ Investors Grievance Committee
The Company has constituted a Shareholders/ Investors Grievance Committee to look into among other functions, redressing
shareholders complaints like transfer and delay in transfer of shares, non-receipt of Annual Report, Notice, declared dividends etc.
During the financial year 2012-2013, the Shareholders/ Investors Grievance Committee met 4 (Four) times during the financial year
2012-2013 on 10th May, 2012, 31st July, 2012, 2nd November, 2012, 2nd February, 2013.
th
The composition of the Share Transfer and Shareholders/Investor Grievance Committee is given hereunder:-
Sr.No. Name of the Committee member Designation No. of Meetings

Held during their Attended
tenure
1. Mr. Vinayak Gopal Borikar Chairman 4 4
2. Mr. Subhabrata Sudhansu Datta Member 4 4
3. Mr. Sumuna Rajan Pandian Member 4 4
Status of Investors Complaints
At the beginning of the year Received during the year Resolved during the year Pending
Nil Nil Nil Nil
GENERAL BODY MEETINGS
a) The details of last three Annual General Meetings of the Company are as follows:
Year Date Time Venue Number of

Special
Resolutions
passed
2009-10 30th September, 2010 4.30 PM Pride Hotel, Opp. Greens Restaurant, Next to 2
Citibank, Off. Link Road, Chincholi Bunder, Malad
(West), Mumbai 400064
2010-11 30th September, 2011 4.30 PM Gokul Anand Hotels Pvt Ltd, Shiv Vallabh 1
Road,Western Express Highway,Ashok Van,Dahisar
(East),MumbaI-400068
2010-11 30th September, 2011 1.30 PM Office No. B-121, Balaji Bhavan, Plot No. 42A, Sector- 2
11, CBD Belapur, Navi Mumbai 400 614
All the Special Resolutions placed before the shareholders at the above meetings were approved.
Postal Ballot conducted during the year:
During the period under review, No resolution was being passed by mode of Postal Ballot Process.
During the year under review, No Extra Ordinary General meeting was held.
DISCLOSURES:
Related Party Transaction
During the year under review, besides the transactions reported in Notes to Accounts to the Balance Sheet as at 31st March, 2013,
there were no other related party transactions with its promoters, directors, management and subsidiaries that had a potential
conflict of interest of the Company at large.
18
Disclosure of Accounting Treatment
The Company has followed all relevant Accounting Standards while preparing the financial statements.
Code of Conduct
The Board of Directors has adopted a Code of Conduct for the Board of Directors and Senior Management Personnel of the
Company. The said code of conduct is available on the Company's website www.indobonito.com. All Board members and senior
management personnel have affirmed compliance with the Code of Conduct. A declaration by the Chairman and Managing
Director of the Company affirming the compliance of the same in respect of the financial year ended on 31st March, 2013, by the
members of the Board and senior management personnel, as applicable to them, is also annexed separately in this Annual Report.
Proceeds from Public Issues, Right Issues, Preferential Issues etc.
During the financial year 2012-2013, Shareholders of the Company in Annual General Meeting held on 28th September 2012
accorded their consent under Sections 81(1A)of the Companies Act, 1956 to create, offer, issue and allot, in one or more tranche(s),
not exceeding 3,17,00,000 (Three Crores Seventeen Lacs Only) equity shares of Rs. 10/- each to non promoters, on preferential basis
in terms of Chapter VII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009. However, due to various
procedural reasons the preferential issue/allotment was withdrawn and accordingly the Company did not issue and allot any
equity shares either to Non Promoters in terms of the above said consent accorded by the shareholders.
Disclosure of Risk Management
The Company has the risk assessment and mitigation procedures in place and the same has been laid before the Board members
from time to time.
Details of Non-Compliance.
On complying with all the requirements of prescribed under the listing agreement, the Company is in receipt of In- principle
approval from the Bombay Stock Exchange, revoking the suspension on trading of equity shares of the Company.
CEO/CFO Certification
A CEO/CFO certification in terms of Clause 49(v) of the Listing Agreement, from Mr. Subhabrata Sudhansu Datta, Chairman,
heading finance function of the Company, in respect of financial year 2012-2013 was placed before the Board.
Details of Compliance with Mandatory Requirements and Adoption of the Non-Mandatory Requirements of this Clause.
The Company has complied with all the mandatory requirements of this clause. As regards the non-mandatory requirements the
extent has been stated in this report against each such item.
MEANS OF COMMUNICATION
The Company's quarterly / half yearly results are published in news papers in both English and Hindi. Half yearly reports are not
being sent to each household of shareholders. These results are displayed on the Company's website www.indobonito.com under
investor section. Presentations made to Analysts are also displayed on the website of the Company.
Management Discussion and Analysis is forming part of this Annual Report.
th
GENERAL INFORMATION FOR SHAREHOLDER
A Annual General Meeting 30th September, 2013 at 2.00 P.M.

Date and Time, Venue At Office No. B-121, Balaji Bhavan, Plot
No. 42A, Sector- 11, CBD Belapur,
Navi Mumbai 400 614
B Financial Calendar 1st April,2012 to 31st March , 2013.
Results for : First quarter On or before 14th August 2013
Second quarter On or before 14th November 2013
Third quarter On or before 14th February 2014
Fourth quarter Annual Audited Result-On or before 15th May,2014
C Date of Book Closure 26th September 2013 to 30th September 2013 (both
day inclusive)
D Listing on Stock Exchanges BSE Limited, Mumbai

(Listing fees, as applicable, has been paid in time)
E Registered Office A 729, TTC Industrial Area,

Koparkhairne, Navi Mumbai 400 705
F Registrar and Transfer Agent Sharepro Services (India) Pvt. Ltd.
Sam Hita Warehousing Complex,

Warehouse No. 52 & 53, Plot No. 13AB, 2nd
Floor, Sakinaka, Andheri (East), Mumbai
400 072.
G Stock Code BSE Script Code 531084
H ISIN for NSDL and CDSL INE457B01012
I Corporate Identification Number (CIN) L65920MH1994PLC081607
20
MARKET PRICE DATA
The table below gives the monthly high and low prices of the Companys shares traded at the Bombay Stock exchange Limited
(BSE) during the period from April 2012 to March 2013.
Indo Bonito Multinational Ltd.

Month
High Price Low Price
Apr-12 4.14 2.78
May-12 --- ---

Jun-12 --- ---
Jul-12 --- ---
Aug-12 --- ---
Sep-12 --- ---
Oct-12 --- ---
Nov-12 --- ---
Dec-12 --- ---
Jan-13 --- ---
Feb-13 --- ---
Mar-13 --- ---
SHAREHOLDING PATTERN AS ON 31ST MARCH, 2013
a) Category of Equity Shareholders as on 31st March, 2013
Sl. Category No. of Shareholders No. of Shares % of Total

No. Holding
1. Indian Promotor& Promotor 15 8,134,500 32.62%
Group
2. Bodies Corporate 115 34,47,731 13.82 %
3. Individuals 4492 1,33,09,506 34.80%
4. Others 20 48,563 0.19%
Total 4640 2,49,40,300 100%
th
Auditors Certificate on Compliance of Conditions of Corporate Governance
To
The Members
Indo Bonito Multinational Limited
We have examined the records concerning Compliance of the conditions of Corporate Governance by Indo Bonito
Multinational Limited for the year ended on 31st March, 2013 as stipulated in clause 49 of the Listing Agreement of the said
company with the BSE Limited.
The compliance of conditions of Corporate Governance is the responsibility of management. Our examination was limited to the
procedures and implementation thereof, adopted by the Company for ensuring the compliance of the conditions of Corporate
Governance. It is neither an audit nor an expression of the opinion on the nancial statements of the Company.
In our opinion and based on the information and explanations given to us and the representations made by management and to
the best of our knowledge and belief, we certify that the Company has complied with the conditions of Corporate Governance as
stipulated in the Clause 49 of said Listing Agreement.
We state that in respect of Investors Grievances received, generally no Investors Grievances are pending for a period exceeding
one month against the company as per records maintained by the Investors Grievance Committee.
We further state that such compliance is neither an assurance as to the future viability of the Company nor the efciency or
effectiveness with which the management has conducted the affairs of the Company.
For M/s. S. U. Radhakrishnani & Co.,

Chartered Accountants,
CA. S. U. Radhakrishnani
Place: Mumbai Partner
Date : 2nd September, 2013 M. No. 31760
Declaration Regarding Compliance of Code of Conduct
I, Mr. Subhabrata Sudhansu Datta , Chairman and Managing Director of the Company, hereby declare that all the Directors and
Senior Management Personnel have conrmed compliance with Code of Conduct as adopted by the Company for the
nancial year ended 31st March, 2013.
Place: Mumbai Subhabrata Sudhansu Datta

Date : 2nd September, 2013 Chairman
22
AUDITORS REPORT
To The Members of
INDO BONITO MULTINATIONAL LTD.
We have audited the attached Balance Sheet of Indo Bonito Multinational Ltd. as
on March 31, 2013 and also the Profit and Loss Account for the year ended on that
date annexed thereto. These financial statements are the responsibility of the
Companys management. Our responsibility is to express an opinion on these
financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally

accepted in India. Those Standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit also
includes assessing the accounting principles used and significant estimates made
by management, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for our
opinion.
As required by the Companies (Auditors Report) Order, 2003 issued by the
Government of India, in terms of Section 227(4A) of the Companies Act, 1956, we
enclose in the Annexure a statement on the matters specified in paragraphs 4 and
5 of the said Order on the basis of such checks of the books and records as were
considered appropriate, and according to the information and explanations given
to us in the course of the audit.
Further to our comments in the Annexure referred to above, we report that:
1. We have obtained all the information and explanations, which to the best of
our knowledge and belief were necessary for the purposes of our Audit.
2. In our opinion, proper books of accounts as required by law have been kept by
the company so far as appears from our examination of the books.
3. In our opinion, the Profit and Loss Account and the Balance Sheet comply
with the Accounting Standards referred to in Section 211(3C) of the
Companies Act, 1956.
4. The Balance Sheet and Profit and Loss Account dealt with by this report are in
agreement with the books of account of the Company.
23
5. On the basis of the written representations received from the Directors taken
on record by the Board of Directors, we report that none of the Directors is
disqualified as on March 31, 2013 from being appointed as a Director in terms
of clause (g) of sub-section (1) of Section 274 of the Companies Act, 1956.
6. Subject to the above, in our opinion and to the best of our information and
according to the explanations given to us, the said accounts read with the
notes thereon, give the information required by the Companies Act, 1956, in
the manner so required and give a true and fair view in conformity with the
accounting principles generally accepted in India:
(i) in the case of Balance Sheet, of the state of affairs of the Company as on
March 31, 2013;
(ii) in the case of Profit and Loss Account, of the Profit for the year ended on
that date.
For S.U.Radhakrishnani & Co

Chartered Accountants
Place : Mumbai S.U.Radhakrishnani

Date : 2nd September, 2013 Proprietor
M. No. 31760
24
Annexure to the auditors Report (Refer to our report of even date)
1. The Company has maintained records showing full particulars, including quantitative
details and situation of fixed assets.
2. All fixed assets have been physically verified by the management during the year. In my
opinion, the frequency of verification is reasonable having regard to the size of the
company and the nature of its assets. To the best of my knowledge, no material
discrepancies have been noticed on such verification.
3. During the year, the company has not disposed off any item of the plant and machinery.
4. As explained to us, the management has conducted physical verification of inventory at the
regular intervals during the year.
5. On the basis of our examination of the records of inventory, we are of the opinion that the
Company is maintaining proper records of inventory. No material discrepancies were
noticed on verification between the physical stocks and the book records.
6. According to the information and explanations given to us there are no parties listed in the
registers maintained under Section 301 of the Companies Act, 1956. Hence, disclosure
requirements under sub-paragraphs (iii) and (v) of the Clause 4 of the Order with respect to
transactions with parties under Section 301 of the Companies Act, are not applicable.
7. The Company has not taken unsecured loan from Bank during the year.
8. In our opinion and according to the information and explanations given to us, there are
adequate internal control procedures commensurate with the size of the Company and the
nature of its business with regard to the purchase of inventory and fixed assets and with
regard to the sale of services. During the course of our audit, we have not observed any
major weakness in the internal controls.
9. The Company has not accepted any deposits from the public.
10. There is no formal internal audit system introduced by the Company.
11. It has been informed to us that the Central Government has not prescribed maintenance of
cost records for the product manufactured by the Company, under section 209(1)(d) of the
Companies Act, 1956.
12. The Company has been generally regular in depositing with appropriate authorities
undisputed statutory dues including income tax, sales tax, custom duty, excise duty, cess,
and other statutory dues applicable to it.
25
13. According to the information and explanations given to us, no undisputed amounts
payable in respects of income tax, wealth tax, sales tax, service tax, custom duty and excise
duty were outstanding, as on March 31,2013, for a period more than six months from the
date they became payable. However, FBT of Rs. 9.31 lakhs and dividend tax of Rs. 12.61
Lakhs remained unpaid.
14. According to the information and explanations, there are no dues of wealth tax, customs
duty, excise duty and cess, which have not been deposited on account of any dispute.
However, income tax demand of Rs. 34.17 Cr is disputed by the company.
15. Company has accumulated losses at the end of the financial year. The Company has not
incurred any cash losses during the financial year covered by our audit.
16. The Company has not borrowed from Financial Institutions/Debenture issue.
17. The Company has not given any guarantee for loans taken by others from Bank or
Financial Institutions.
18. The Company has obtained loans from banks and financial institution in the year under
audit.
19. According to the information and explanations given to us, we are of the opinion that no
short term funds have been utilized for long term investment.
20. Neither have we been informed nor have we observed any fraud on or by the company
during the year under audit.
21. Sub paragraphs (xiii), (xiv), (xviii), (xix) and (xx) of the Clause 4 of the Order are not
applicable to the Company.

Place : Mumbai S.U.Radhakrishnani

Date : 2nd September, 2013 Proprietor
M. No. 31760
26
PART I Form of BALANCE SHEET
Balance Sheet as at 31st March 2013
(in Rupees)
Particulars Note No. As at 31 March 2013 As at 31 March 2012
1 2 3 4
I. EQUITY AND LIABILITIES
1 Shareholders funds
(a) Share capital 1 24,94,03,000 24,94,03,000
(b) Reserves and surplus 2 (8,15,48,933) (8,77,01,234)
(c) Money received against share warrants - -
2 Share application money pending allotment - -
3 Non-current liabilities
(a) Long-term borrowings 3 60,38,59,293 61,48,60,793
(b) Deferred tax liabilities (Net) 95,83,966 95,83,966
(c) Other Long term liabilities - -
(d) Long-term provisions - -
4 Current liabilities
(a) Short-term borrowings 4 27,12,86,366 29,11,31,486
(b) Trade payables 5 1,85,47,540 1,97,67,665
(c) Other current liabilities 6 3,06,85,233 3,92,39,733
(d) Short-term provisions 7 2,51,90,645 3,42,46,095
TOTAL 1,12,70,07,110 1,17,05,31,504
II. ASSETS
Non-current assets
1 (a) Fixed assets
(i) Tangible assets 16,22,14,906 17,37,06,031
(ii) Intangible assets - -
(iii) Capital work-in-progress 5,44,64,132 5,44,64,132
(iv) Intangible assets under development - -
(b) Non-current investments 1,000 1,000
(c) Deferred tax assets (net) - -
(d) Long-term loans and advances 9 50,31,17,291 50,31,17,291
(e) Other non-current assets 10 4,62,500 5,55,000
2 Current assets
(a) Current investments - -
(c) Inventoris and Trade receivables 11 38,64,67,746 41,62,72,185
(d) Cash and cash equivalents 12 15,05,021 18,17,521
(e) Short-term loans and advances 13 1,87,74,514 2,05,98,344
(f) Other current assets - -
TOTAL 1,12,70,07,110 1,17,05,31,504
As per our report of even date

FOR AND ON BEHALF OF THE BOARD OF DIRECTORS For S.U.Radhakrishnani & Co
(Chartered Accountants)
INDO BONITO MULTINATIONAL LTD
Subhabrata S Datta S R Pandian S.U.Radhakrishnani

Chairman Whole Time Director Proprietor
Place: Mumbai Membership No. 31760
Dated: 2nd September, 2013
27
PART II - Form of STATEMENT OF PROFIT AND LOSS
Profit and loss statement for the year ended 31st March 2013
( ` in Rupees)
Refer
Particulars Note 31 March 2013 31 March 2012
No.
I. Revenue from operations 14 23,22,08,486.00 5,58,80,287.00
II. Other income 15 12,00,000.00 34,70,000.00
III. Total Revenue (I + II) 23,34,08,486.00 5,93,50,287.00
IV. Expenses:
Cost of materials consumed 0.00 0.00
Purchases of Stock-in-Trade 18,15,93,101.00 4,67,22,903.00
Changes in inventories of finished goods work-in-
progress and Stock-in-Trade 10,84,056.00 84,125.00
Employee benefits expense 16 29,37,572.00 41,71,356.00
Finance costs 17 2,58,22,153.00 4,50,74,970.00
Depreciation and amortization expense 1,13,67,852.00 1,19,35,352.00
Other expenses 18 16,48,229.00 52,87,686.00
Total expenses 22,44,52,963.00 11,32,76,392.00
Profit before exceptional and extraordinary items and

V. tax (III-IV) 89,55,523.00 -5,39,26,105.00
VI. Exceptional items 0.00 2,53,46,418.00
VII. Profit before extraordinary items and tax (V - VI) 89,55,523.00 -7,92,72,523.00
VIII. Extraordinary Items 0.00 0.00
IX. Profit before tax (VII- VIII) 89,55,523.00 -7,92,72,523.00
X Tax expense:
(1) Current tax 28,03,222.00 0.00
(2) Deferred tax 0.00 0.00
Profit (Loss) for the period from continuing operations

XI (VII-VIII) 61,52,301.00 -7,92,72,523.00
XII Profit/(loss) from discontinuing operations 0.00 0.00
XIII Tax expense of discontinuing operations 0.00 0.00
Profit/(loss) from Discontinuing operations (after tax)

XIV (XII-XIII) 0.00 0.00
XV Profit (Loss) for the period (XI + XIV) 61,52,301.00 -7,92,72,523.00

XVI Earnings per equity share:
(1) Basic 0.25 -3.18
(2) Diluted 0.25 -3.18
FOR AND ON BEHALF OF THE BOARD OF DIRECTORS As per our report of even date attached
INDO BONITO MULTINATIONAL LTD (Chartered Accountants)

28
INDO BONITO MULTINATIONAL LTD
Cash Flow Statement
(Pursuant to clause 32 of the Listing Agreement with the Stock Exchange)
Cash Flow Statement for the year ended 31st March 2013
Sr. No. Particulars 2012-2013 2011-2012
A) Cash flow from operating activities
Net profit / (loss) before taxes 89,55,523 (7,92,72,523.00)
Adjustment for :
Depreciation 1,14,62,893 1,19,35,352.00
Preliminary expenses written off 92,500 92,500.00
Loss on sale of investments - 2,53,46,418.00
Interest Paid 2,58,22,153 4,50,74,970.00
Operating profit/(loss) before working capital changes 4,63,33,069 31,76,717.00
(Increase) / decrease in Inventory 10,83,856 84,125.00
(Increase) / decrease in Trade & Other Receivables 2,87,20,583 (2,47,38,039.00)
Increase / (decrease) in Trade & Other Payables (12,20,125) 6,74,535.00
Cash generated from operations 7,49,17,383 (2,08,02,662.00)
Direct taxes paid 1,18,58,672 -
Net cash from operating activities (A) 6,30,58,711 (2,08,02,662.00)
B) Cash flow from investing activities

Purchase of fixed assets including CWIP - (1,90,800.00)
Other Income - -
(Purchase)/Sale of investments (Net) - 18,24,338.00
Sale of fixed assets 28,232 -
Movement in other current assets 18,23,830 99,82,250.00
Dividend received - -
Net cash (used in) / from investing activities (B) 18,52,062 1,16,15,788.00
C) Cash flow from financing activities

Equity share capital issue - -
Share application money - -
Increase/(decrease) in Long Term Loans & Other Assets (1,10,01,500) (52,86,729.00)
Increase/(decrease) in Long Term & Other Borrowings (2,83,99,620) 83,18,007.00
Interest paid (2,58,22,153) (4,20,617.00)
Dividend paid/written off - -
Net cash flow (used in) / from financing activities (C) (6,52,23,273) 26,10,661.00
Net increase/(decrease) in cash and cash equivalents (A+B+C) (3,12,500) (65,76,213.00)
Cash and cash equivalents as at the beginning of the year 18,17,521 68,87,734.00
Cash and cash equivalents as at the end of the year 15,05,021 18,17,521.00
Notes:
1 The above statement has been prepared on the indirect method.
2 Proceeds from long term and other borrowings are shown at net off repayments.
3 Cash and cash equivalents represent cash and bank balances only
The foregoing Balance Sheet, P&L A/c & Schedules are hereby authenticated by us
FOR AND ON BEHALF OF THE BOARD OF DIRECTORS As per our report of even date attached

29
NOTE 1
Disclosure pursuant to Note no. 6(A)(a,b & c) of Part I of Schedule VI to the Companies Act, 1956
As at 31 March 2013 As at 31 March 2012

Share Capital
Amount Amount
Authorised
__% preference shares of `___ each -
2,50,00,000 Equity Shares of 10/- each 25,00,00,000.00 25,00,00,000.00
Issued
__% preference shares of `___ each -
2,49,40,300 Equity Shares of 10/- each 24,94,03,000.00 24,94,03,000.00
Subscribed & Paid up

__% preference shares of `___ each - -
2,49,40,300 Equity Shares of 10/- each each fully paid 24,94,03,000.00 24,94,03,000.00
Total 24,94,03,000.00 24,94,03,000.00
NOTE 1 A
Disclosure pursuant to Note no. 6(A)(d) of Part I of Schedule VI to the Companies Act, 1956
(Following disclosure should be made for each class of Shares)
Equity Shares
Particulars
Number Amount
Shares outstanding at the beginning of the year 24,94,03,000.00 24,94,03,000.00
Shares Issued during the year - -
Shares bought back during the year - -
Shares outstanding at the end of the year 24,94,03,000.00 24,94,03,000.00
NOTE 1 B
Disclosure pursuant to Note no. 6(A)(f) of Part I of Schedule VI to the Companies Act, 1956
Equity Shares are held by---------------------------------, the holding company.

Above disclosure is required for each class of Shares held by its holding company or its ultimate holding company including shares held
by or by subsidiaries or associates of the holding company or the ultimate holding company in aggregate.
NOTE 1 C
Disclosure pursuant to Note no. 6(A)(g) of Part I of Schedule VI to the Companies Act, 1956 (if more than 5%)

SR NO Name of Shareholder
No. of Shares held % of Holding No. of Shares held % of Holding
1 Hi - Gloss Products International Pvt Ltd 15,00,000.00 6.01% 15,00,000.00 6.01%

2
3
4
Total 15,00,000.00 0.06 15,00,000.00 6%
NOTE 2
Disclosure pursuant to Note no. 6(B) of Part I of Schedule VI to the Companies Act, 1956
(`)
Reserves & Surplus
` `
a. Other Reserves
Opening Balance 2,12,016.00 2,12,016.00
(+) Current Year Transfer -
(-) Written Back in Current Year -
Closing Balance 2,12,016.00 2,12,016.00
b. Surplus
Opening balance (8,79,13,250.00) (86,40,727.00)
(+) Net Profit/(Net Loss) For the current year 61,52,301.00 (7,92,72,523.00)
Closing Balance (8,17,60,949.00) (8,79,13,250.00)
Total (8,15,48,933.00) (8,77,01,234.00) -
NOTE 3
Disclosure pursuant to Note no. 6(C) of Part I of Schedule VI to the Companies Act, 1956

Long Term Borrowings
` `
Secured
(a) Term loans
from banks 14,74,114.00 20,95,775.00
(Secured By__________)
from other parties 60,23,85,179.00 61,27,65,018.00
Total 60,38,59,293.00 61,48,60,793.00
30
NOTE 4
Disclosure pursuant to Note no. 6(F) of Part I of Schedule VI to the Companies Act, 1956

Short Term Borrowings
` `
Secured
(a) Loans repayable on demand
from banks 26,54,09,366.00 28,52,54,486.00
from other parties 58,77,000.00 58,77,000.00
(of the above, ` ____ is guaranteed by Directors and / or others)
27,12,86,366.00 29,11,31,486.00
Total 27,12,86,366.00 29,11,31,486.00
NOTE 5
Disclosure pursuant to Note no. 6(D) of Part I of Schedule VI to the Companies Act, 1956

Other Long Term Liabilities
` `
(a) Trade Payables 1,85,47,540.00 1,97,67,665.00

(b) Others
Total 1,85,47,540.00 1,97,67,665.00
NOTE 6
Disclosure pursuant to Note no. 6(G) of Part I of Schedule VI to the Companies Act, 1956

Other Current Liabilities *
` `
(a) Advance from Customers 3,93,774.00 4,52,677.00
(b) Other payables 3,02,91,459.00 3,87,87,056.00
Total 3,06,85,233.00 3,92,39,733.00
NOTE 7
Disclosure pursuant to Note no. 6(H) of Part I of Schedule VI to the Companies Act, 1956

Short Term Provisions
` `
(a) Dividend tax payable 12,61,953.00 12,61,953.00
(b) Provisions for FBT 9,31,500.00 9,31,500.00
(c) Provisions for Income Tax 2,29,97,192.00 3,20,52,642.00
Total 2,51,90,645.00 3,42,46,095.00
NOTE 9
Disclosure pursuant to Note no. L (i),(ii) and (iii) of Part I of Schedule VI to the Companies Act, 1956

Long Term Loans and Advances
` `
a. Capital Advances
Unsecured, considered good 16,41,30,500.00 16,41,30,500.00
c. Loans and advances to related parties (refer Note 2)
d. Other loans and advances (specify nature)
d. Other loans and advances (specify nature) 19,27,323.00 19,27,323.00
Total 50,31,17,291.00 50,31,17,291.00
NOTE 10
Disclosure pursuant to Note no.M (i),(ii) and (iii) of Part I of Schedule VI to the Companies Act, 1956

Other Non Current Asset
` `
a. Preliminary and Pre-operative Expenses
Opening Balance / Addition 5,55,000.00 6,47,500.00
Less : Written off during the year -92,500.00 -92,500.00
Total 4,62,500.00 5,55,000.00
31
NOTE 11
Disclosure pursuant to Note no.O (i), (ii) and (ii) and P (i), (ii), (iii) and (iv) of Part I of Schedule VI to the Companies Act, 1956

Inventories
` `
a. Stock-in-trade (Valued at _____) 26,32,841.00 3716697
Goods-in transit
Sub total 26,32,841.00 37,16,697.00
Grand Total 26,32,841.00 37,16,697.00
Trade Receivables As at 31 March 2013 As at 31 March 2012

` `
Trade receivables outstanding for a period less than six months from the date they are
due for payment
Secured, considered good
Unsecured, considered good 62,93,330.00 2,49,47,000.00
Unsecured, considered doubtful -
Less: Provision for doubtful debts

62,93,330.00 2,49,47,000.00
Trade receivables outstanding for a period exceeding six months from the date they are
due for payment
Secured, considered good
Unsecured, considered doubtful 36,02,56,902.00 21,43,25,821.00
Less: Provision for doubtful debts

37,75,41,575.00 38,76,08,488.00
Total 38,38,34,905.00 41,25,55,488.00
NOTE 12
Disclosure pursuant to Note no.Q (i), (ii), (iii), (iv) and (v) of Part I of Schedule VI to the Companies Act, 1956

Cash and cash equivalents
` `
a. Balances with banks* 10,71,180.00 12,30,435.00
b. Cheques, drafts on hand - -
c. Cash on hand* 4,33,841.00 5,87,086.00
d. Others (specify nature) - -
Total 15,05,021.00 18,17,521.00

*Repatriation restrictions, if any, in respect of cash and bank balances shall be separately stated.
NOTE 13
Disclosure pursuant to Note no.R (i), (ii)and (iii) of Part I of Schedule VI to the Companies Act, 1956

Short-term loans and advances
` `
a. Others (specify nature)
Deposit 14,12,372.00 13,22,917.00
Advances recoverable in cash or kind for the value to be received 1,10,66,522.00 1,26,22,114.00
Secured, considered good 29,48,105.00 28,96,406.00
Unsecured, considered good
Doubtful
Less:Provision for ______________
Others 33,47,515.00 37,56,907.00
Total 1,87,74,514.00 2,05,98,344.00
32
Accompanying notes to the financial statements

for the year ended March 31, 2013
(Currency: Indian Rupees))
NOTE 2: Notes to the Balance Sheet
8 - FIXED ASSETS
Gross Block Accumulated Depreciation Net Block
Depreciation Adjustment
PARTICULARS Rate of Additions Deletions During As at March As at Adjustments As at As at As at March
As at April 1,2012 charge for the due to
depreciation during the Year the year 31,2013 April 1, 2012 On disposals March 31, 2013 March 31, 2013 31, 2012
year revaluations
Tangible Assets
Land - Freehold - 1,62,93,557 1,62,93,557 - - 1,62,93,557 1,62,93,557
Plant & Equipments 13.91% 19,41,26,173 1,23,273 19,40,02,900 4,34,90,534 1,06,15,414 -95,041 5,40,10,907 13,99,91,993 15,06,35,639
Furniture & Fixtures 18.10% 33,02,727 33,02,727 18,41,716 1,32,221 19,73,937 13,28,790 14,61,011
Vehicles 25.89% 64,83,211 64,83,211 23,09,255 5,40,319 28,49,574 36,33,637 41,73,956
Office Equipments 18.10% 9,04,889 9,04,889 4,16,907 44,162 4,61,069 4,43,820 4,87,982
Computers 40.00% 1,14,74,928 - 1,14,74,928 1,08,21,042 1,30,777 1,09,51,819 5,23,109 6,53,886
33
Total (Tangible Assets) 23,25,85,485 - 1,23,273 23,24,62,212 5,88,79,454 1,14,62,893 - -95,041 7,02,47,306 16,22,14,906 17,37,06,031
Previous Year 23,23,94,685 1,90,800 - 23,25,85,485 4,69,44,102 1,19,35,352 - - 5,88,79,454 17,37,06,031 18,54,50,583
1,13,67,852.00 16,22,14,906
0
NOTE 14
Disclosure pursuant to Note no. 2 of Part II of Schedule VI to the Companies Act, 1956
In respect of a company other than a finance company revenue from operations shall disclose separately in the
As at 31 March
As at 31 March 2013
Particulars 2012
` `
Sale of traded goods 23,22,08,486.00 5,58,80,287.00
Total 23,22,08,486.00 5,58,80,287.00
Revenue under each of the above heads shall be disclosed separately by way of notes to accounts to the extent applicable.
NOTE 15
As at 31 March 2013 As at 31 March

Other Income 2012
` `
Lease Rentals 12,00,000.00 24,00,000.00
Miscellaneous Income - 10,70,000.00
Total 12,00,000.00 34,70,000.00
NOTE 16
Disclosure pursuant to Note no. 5(i)(a) of Part II of Schedule VI to the Companies Act, 1956

Employee Benefits Expense 2012
` `
(a) Salaries and incentives 17,33,068.00 24,24,676.00
(b) Directors Remuneration 12,04,504.00 17,46,680.00
Total 29,37,572.00 41,71,356.00
NOTE 17

Finance costs 2012
` `
Bank and other financial charges 2,58,22,153.00 4,50,74,970.00
Total 2,58,22,153.00 4,50,74,970.00
NOTE 18

SR No Other expenses 2012
` `
1 Power & Fuel 97,540.00 1,66,352.00
2 Printing and Stationery 4,512.00 10,000.00
3 Rent, Rates & taxes 66,947.00 88,166.00
4 Professional Charges 4,35,788.00 11,77,936.00
5 Telephone & Internet Charges 1,12,442.00 1,77,559.00
6 Miscellaneous Expense 3,41,285.00 5,95,859.00
7 Preliminary and Pre-operative expenses written off 92,500.00 92,500.00
Total 11,51,014.00 23,08,372.00

SR No Audit fees 2012
` `
1 Payments to the auditor as 25,000.00 25,000.00
Total 25,000.00 25,000.00

SR No Selling & Distribution Expenses 2012
` `
1 Selling & Distribution Expenses 3,99,945.00 28,36,347.00
2 Freight / Transportation Charges 68,310.00 1,09,167.00
3 Travelling Expenses 3,960.00 8,800.00
Total 4,72,215.00 29,54,314.00
34
INDO BONITO MULTINATIONAL LTD. (Formerly Indo Castle Multimedia Ltd)
Annexure to Notes attached to and forming part of accounts for the period ended 31st March, 2013
Details of Production, Purchase, Sales, Consumption and Closing Stock
Opening Stock Production/Purchase Sales/Consumption Closing Stock

Unit Qty Rupees Qty Rupees Qty Rupees Qty Rupees
Materials
Gold Jewellery
12-13 - - - - - - - -
11-12 - - - - - - - -
Other Materials
12-13 - - - - - - - -
11-12 - - - - - - - -
Total 11-12 - - - -
10-11 - - - -
Finished Goods
(Including Traded Goods)
Gold 12-13 KGS - - - - - -

Diamond 12-13 CARAT - - - - - -
Gold 11-12 KGS - - - - - -

Diamond 11-12 CARAT - - - - - -
Other Products
12-13 MT - - - - - - - -
11-12 MT 225 38,00,822 2,12,02,781 2,38,67,966 37,16,697
Water Managememnt
Business 12-13 - - - - -
11-12 - - 2,55,20,122 3,20,12,321 -
Total 12-13 - - - -
11-12 38,00,822 4,67,22,903 5,58,80,287 37,16,697
Notes :
1. Since the Company executes water management business through its outsourced entities, the disclosures in relation to production is not considered as reportable.
2. Other Products includes building materials, dry-mix plaster, mobiles, agro products, blocks and pavers, wooden floorings.
3. Other materials includes cement, sand and allied chemicals.
4. Production of dry-mix plaster and chiknaputty was Nil during the year
5. Production of blocks and pavers was Nil during the year.
For and on behalf of the Board As per our report of even date attached
FOR AND ON BEHALF OF THE BOARD OF DIRECTORS For S.U.Radhakrishnani & Co

35
Schedule XIII : (A) SIGNIFICANT ACCOUNTING POLICIES FOLLOWED:
(1) Basis of Preparation of financial statements:-

(i) The financial statements have been prepared under the historical cost convention
and in accordance with the generally accepted accounting principles.
(ii) Accounting policies not specifically referred to otherwise are consistent and in
consonance with generally accepted accounting principles.
(2) Inflation :
Assets and liabilities are recorded on historical cost to the Company. The costs are not
adjusted to reflect the changing value in the purchasing power of money.
(3) Accounting of Income/Expenditure:-

All income and expenditure items having a material bearing on the financial statements are
recognized on accrual basis except as stated otherwise. However, Dividend Income if any
is accounted for on receipt basis. Sales are inclusive of sales tax and revenue is recognized
on accrual basis. Sales are inclusive of service charges. In case of export sales, the bills are
discounted and the amount realized in rupees is credited to sales account.
(4) Fixed Assets:-

Fixed Assets have been carried at historical cost, inclusive of incidental expenses, interest,
less accumulated depreciation.
(5) Depreciation:-
Depreciation has been provided on Straight Line Method on pro-rate basis at the Rates and
in the manner prescribed in Schedule XIV to the Companies Act, 1956.
(6) Inventories :
i) Finished goods are valued at lower of cost or market price.
ii) Raw materials, stores and spare parts are valued at cost.
iii) Cost of inventory is generally on actual acquisition cost based on FIFO method.
(7) Investments:-
Investments are valued at cost.
(8) Gratuity/Retirement Benefits:-

The Company accounts for gratuity and leave encashment on cash basis. Also none of the
employees have completed 5 years of service.
(9) Miscellaneous Expenditure:-

Preliminary expenses, public issue expenses and expenses for increasing the Authorised
Capital is written off over a period of ten years.
(10) Deferred Tax:-

Deferred Tax Asset that was not recognised on consideration of prudence, may be
recognised subsequently to the extent that reasonable or virtual certainty has been
achieved and also that there will be future taxable income against which it can be realised.
(B) NOTES ON ACCOUNTS:-
(1) Previous years figures are regrouped, recast and rearranged wherever necessary to make
them comparable with those of the current year.
36
(2) Balances of Sundry Debtors, Sundry Creditors are subject to confirmation, reconciliation
and consequent adjustments if any.
(3) In the opinion of the Board, unless otherwise stated in the Balance Sheet and schedules
attached thereto, the current assets and loans and advances as stated in the Balance Sheet
are approximately of the value realizable in the ordinary course of business and provision
for all known liabilities for the year has been made in the books of account of the
Company.
(4) Additional information as required under Para-III of Part II of Schedule VI to the

Companies Act, 1956 (as certified by the directors and relied by the Auditors).
a) Particulars of Capacity :
1) Licensed Capacity : 285000MT Dry Mix Plaster Leased Unit
2) Installed Capacity : 285000MT Dry Mix Plaster Leased Unit
3) Licensed Capacity : Not Applicable
4) Installed Capacity : 40000 Blocks Or 80000 Pavers per day based on three
shifts working Bangalore Leased Unit
However the lease in respect of Dry Mix Plaster unit was cancelled in Dec 2010 and
Blocks and Pavers unit w.e.f June 2011.
b) Quantitative details for the year are as under :

During the current year company has dealt in wide range of products i.e. ceramic
tiles, building materials, blocks and pavers. Hence quantitative information is not
provided in the current year.
c) Value of import calculated on CIF basis by the Company during the year in respect
of raw materials, trading goods, components, spare parts and capital goods Rs. Nil
(Previous year Rs Nil).
d) Value of all imported/indigenous raw materials, traded goods, stores and spare
parts and components consumed (including through canalized agencies) :
i) Raw Materials Rs. Nil (Previous year Rs. Nil)
ii) Stores & Components Nil (Previous year Rs. Nil)
iii) Traded Goods Rs. Nil (Previous year Rs. Nil)
e) Purchase of traded goods during the year Rs 18,15,93,101/- (Previous year Rs.
4,67,22,903/- )
f) Expenditure/Advances in foreign currency Rs. Nil (Previous year Rs. Nil )
g) FOB value of deemed Export Rs Nil (Previous year Rs. Nil )
(5) Contingent liabilities include
a) Contractual obligations of the company as per the agreements with its sundry
debtors Rs Nil (Previous Year Rs Nil)
b) Disputed Income Tax Demand Rs. 34.17 crores (Previous Year Rs. 34.17 crores).
c) Claims not acknowledged as debts Rs 53 crores ( Previous Year Rs 53 crores)
37
(6) There are no dues outstanding for more than 30 days in respect of transactions with small
scale industrial undertakings.
(7) Deferred Taxation :
Deferred Tax Asset that was not recognised on consideration of prudence, may be
recognised subsequently to the extent that reasonable or virtual certainty has been
achieved and also that there will be future taxable income against which it can be realised.
(8) Interest and financial charges include bank charges, service charges, and bill discounting
charges payable and interest on unsecured loans, car loans and interest on packing credit.
(9) Disclosure as required by the AS-18 on Related Party disclosure:
Related Party Disclosures, as required by Accounting Standard 18, Related

Party Disclosures, issued by the Institute of Chartered Accountants of India
are given below :
Subsidiary Companies where Nil

control exists
Group Companies where Scarlet International Pvt Ltd

common control exists Nestler Commodities Ltd.
Relatives of Key Management Nil

Personnel
The Company has entered into transactions with various group companies
where common control exists and other related parties as follows :
Particulars Nature of transactions 01/04/2012

To
31/03/2013
Rs In Lacs
Group companies where Purchase of Goods Nil
common control exists (Nil)
Sale of Goods Nil
(Nil)
Balance outstanding at the year

end
Creditors 185.47
(146.93)
Loan Given 187.74
(1944.64)
Investments Nil
(Nil)
38
Unsecured Loans
(568.91)
Secured Loans 8751.46
(546.93)
Key Management Personnel Remuneration

S R Pandian 2.00
(2.00)
R M Rajangam 10.04
(15.47)
(11) Additional information pursuant to part II of schedule VI to the Companies Act, 1956:-
2012-13 2011-12
(i) Payment to Directors:-
Directors Remuneration Rs. 12,04,504 17,46,680
(ii) Payment To Auditors:-

Audit Fees Rs. 25,000 25,000.00
(iii) Other information are either NIL or Not Applicable.
(12) Earning Per Share (in Rs.)

(Nominal Value of Rs.10/- per 2012-13 2011-12
share)
Basic Earning per share (Rs.) 0.25 -0.31
Diluted Earning per share (Rs.) 0.25 -0.31
(13) Unclaimed dividends as on 31/03/2012 for FY 2007-08 is Rs.106,112/- (Rs. 1,06,373/-) and
for FY 2008-09 Rs.52,650/- (Rs. 55,216/-) and FY 2009-10 Rs. 488,935/-.
(14) IDBI Bank had cancelled a term loan of Rs 17 crores and cash credit of Rs 3 crores, causing the project of
hollow core blocks of Rs 47 crores to be aborted. .Project expense of Rs1912 lacs has not been written off and its
relocation possibilities are still being explored.However certain amounts may still have to be written off after
incurring relocation costs. Further estimated losses are expected to be Rs 8 to 9 crores on this account.

As per our report of even date attached
For S.U.RADHAKRISHNANI & CO
Subhabrata S Datta S R Pandian

Chairman Whole Time Director
S.U.RADHAKRISHNANI
PROPRIETOR
M. No. 31760
Place : Mumbai
Date : 2nd September, 2013
39
(14) Additional information in pursuant to part IV of Schedule VI to the Companies Act, 1956.
Balance Sheet abstract and Companys General Business Profile.

I. Registration Details
Registration No. State Code Balance Sheet Date
8 1 6 0 7 1 1 3 1 0 3 2 0 1 3
II. Capital raised during the year (Amount in Rs.Thousands)
Public Issue Rights Issue
N I L N I L
Bonus Issue Private Placement-Equity Shares
N I L N I L
Private Placement-Preference Shares
N I L
III. Position of mobilization and deployment of funds (Amount in Rs. Thousands)
Total Liabilities Total Assets
1 1 2 7 0 0 7 1 1 2 7 0 0 7
Sources of Funds
Paid Up Equity Share Capital Paid Up Preference Share Capital
2 4 9 4 0 3 N I L
Reserves and Surplus Non Current Liabilities
- 8 1 5 4 9 6 1 3 4 4 3
Current Liabilities Deferred Tax Liability
3 4 5 7 0 9
Application of Funds
Non Current Assets (Including capital work in progress) Investments
7 3 1 8 4 3 1
Miscellaneous Expenditure
Current Assets (to the extent not written off or adjusted)
7 2 0 2 5 9 4 6 2
Profit & Loss Account
IV. Performance of Company (Amount in Rs.Thousand)

Turnover Total Expenditure
2 3 3 4 0 8
Profit/(Loss) Before Tax Profit/(Loss) After Current &
Deff.Tax
8 9 5 5 6 1 5 2
V. Generic names of principal products and services of the company
Item Code No. 7 1 1 3
Product Description G O L D & G O L D J E W E L R Y
6 9 0 4
B U I L D I N G M A T E R I A L
As per our report of even date attached
For S.U.RADHAKRISHNANI & CO
Subhabrata S Datta S R Pandian

Chairman Whole Time Director
S.U.RADHAKRISHNANI
PROPRIETOR
M. No. 31760
Place : Mumbai
Date : 2nd September, 2013
40
Regd. Ofce : A 729, TTC Industrial Area Koparkhairne, Navi Mumbai 400 705
PROXY FORM
19TH ANNUAL GENERAL MEETING ON 30TH SEPTEMBER,
2013
Regd. Folio No. .......................................................................... DP

ID: ........................................................................................ Client
ID No. .............................................................................. No. of
Shares held .....................................................................
I/We of ....being a Member/ Members of

the above named Company hereby appoint Mr./Ms. of .. or
failing him/her .. of .. as my / our proxy to attend and vote for
me/ us on my/our behalf at the Nineteenth Annual General Meeting of the Company to be held on Monday, 30TH
September,2013 at 2.00 P.M. at Office No. B-121, Balaji Bhavan, Plot No. 42A, Sector- 11, CBD Belapur, Navi Mumbai 400 614.
1 RUPEE
REVENUE
STAMP
Signed:
Date:
Note: Proxy Form must reach the Companys Registered Ofce not less than 48 (Forty- Eight) hours before the time for holding
the aforesaid meeting. The Proxy need not be a member of the Company.

Regd. Ofce : A 729, TTC Industrial Area Koparkhairne, Navi Mumbai 400 705
ATTENDANCE SLIP
(To be handed over at the entrance of Meeting Venue)
19TH ANNUAL GENERAL MEETING ON 30TH SEPTEMBER, 2013
Regd. Folio No. ..........................................................................

DP ID: ........................................................................................
Client ID No. ..............................................................................
No. of Share held .....................................................................
Name of the attending Member (IN BLOCK LETTERS) ......................................................................................................

Name of the Proxy (IN BLOCK LETTERS) ................................................................................(To be lled in by Proxy attending instead
of the Member)
I hereby record my presence at the Eighteenth Annual General Meeting of the Company being held on Monday, 30th
September,2013 at 2.00 P.M. at Office No. B-121, Balaji Bhavan, Plot No. 42A, Sector- 11, CBD Belapur, Navi Mumbai 400 614.
Members/Proxy Signature
Note
1. Interested Joint Members may obtain Attendance Slips from the Registered Ofce of the Company.
2. Members/ Joint Members Proxies are requested to bring the Attendance Slips with them. Duplicate slips will not be issued at the venue
41

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19th AnnuAl RepoRt

Mr. Subhabrata Sudhansu Datta

Mr. Vinayak Gopal Borikar Contents

REGISTERED OFFICE Balance Sheet 27

A 729, TTC Industrial Area,

SHARE TRANSFER AGENT Cash Flow Statement 29

Sharepro Services (India) Pvt. Ltd. Sam

M/s. S. U. Radhakrishnani & Co.,

By Order of the Board of Directors

1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS ENTITLED TO

3. Information regarding particulars of directors to be appointed and the directors seeking

By Order of the Board of Directors

PARTICULARS OF DIRECTORS SEEKING APPOINTMENT / REAPPOINTMENT AT THE

Name of Director Mr. Marimuthu Rajangam Mr. Shivara Timmaryappa

Date of Birth 13th July, 1965 2nd November, 1974

Qualifications Masters in Business Masters in Business

Directorships held in other Public Nil Nil

Memberships/ Chairmanships of Nil Nil

Shareholdings in the Company Nil Nil

Brief profile of Mr. Shivara Timmaryappa is given elsewhere in this notice.

Your Directors recommends his appointment as a Director of the Company.

By Order of the Board of Directors

PARTICULARS For Year ended For Year ended

REVENUE FROM OPERATIONS

Employee Benefit Expenses 2,937,572 4,171,356

Management Discussion and Analysis

Directors Responsibility Statement

the annual accounts have been prepared on a going concern basis.

By Order of the Board of Directors

Annexure A to the Report of the Directors

A) Power and Fuel Consumption UOM 2012-2013 2011-2012

B. Technology Absorption, Research & Development and resultant benets:

C. Foreign Exchange Earnings & Outgo

Particulars 2012- 2013 2011- 2012

For and on behalf of the Board

Management Discussion and Analysis

Industry Structure, Developments and Outlook

The company is primarily focusing on following three areas-

Risks and Concerns

Internal Control Systems and their Adequacy

Human Resources and Industrial Relations

Discussion on Financial Performance

Cyclicality / Seasonality in the Industry

Corporate Governance Report for the Financial Year 2012-13

1. Companys Philosophy on Code of Governance:

Mr. Subhabrata Chairman , Non- 5 Yes 1 2 2

Composition and attendance:

Sr.No. Name of the Committee Designation No. of Meetings

1. Mr. Subhabrata Sudhansu Chairman (Independent Director) 4 4

Brief description of Terms of reference

Any change in the accounting policies and practices;

Disclosure of any related party transactions;

4. Reviewing the Company's financial and risk management policies;

Powers of Audit Committee

The Audit Committee has the following powers:

i) To investigate any activity within its terms of reference;

The present composition of Remuneration Committee is as follows:

Sr.No. Name of the Committee member Designation No. of Meetings

1. Mr. Vinayak Gopal Borikar Chairman Nil N.A.

2. Mr. Subhabrata Sudhansu Datta Member Nil N.A.

3. Mr. Marimuthu Rajangam Member Nil N.A.

a. Financial Position of the Company;

Name Salary & Perquisites Commission Sitting Fees Total

Number of Equity Shares held by the Directors as on 31st March,2013