AUDITORS REGISTRAR & SHARE TRANSFER AGENT CONTENTS …€¦ · PROF. ROOSHIKUMAR PANDYA Director THIRU. A. PARAMASIVAM Director Dr. S. RAJAPANDIAN Director THIRU. M.S. KRISHNAN Director

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Annual Report 2009 - 10

BOARD OF DIRECTORS

THIRU. S. IYEMPANDI Managing Director

THIRU. N.K.S. KOLAPPAN Joint Managing Director

PROF. ROOSHIKUMAR PANDYA Director

THIRU. A. PARAMASIVAM Director

Dr. S. RAJAPANDIAN Director

THIRU. M.S. KRISHNAN Director

AUDITORS REGISTRAR & SHARE TRANSFER AGENT

M/s. RAMADOSS & ASSOCIATES M/S. CAMEO CORPORATE SERVICES LTD.

Chartered Accountants “Subramanian Building”

Vasundhara Apartments 1, Club House Road

III Floor, (Old 27/7), New 16/7 Chennai - 600 002.

Hindi Prachar Sabha Street Phone : 044 - 64555838

T. Nagar, Chennai - 600 017. Fax : 044 - 2846 0129

BANKERS

State Bank of Indore, Chennai - 108

Indian Bank, Chennai - 32

REGISTERED OFFICE

No.19, Block I, Sidco Electronics Complex

Guindy, Chennai - 600 032.

Telefax : +91-44-2250 0280

Email : [email protected]/[email protected]

Home Page : www.iykot.com

FACTORY

131/2, Thiruneermalai Road

Nagalkeni, Chromepet, Chennai - 600 044

Telefax : +91-44-4316 2280

CONTENTS

Notice to the Shareholders 2

Director’s Report 6

Auditor’s Report 13

Balance Sheet 16

Profit and Loss account 17

Schedules forming part of accounts 18

Notes forming part of accounts 22

Cash Flow Statement 26

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NOTICE TO THE SHARE HOLDERSNOTICE TO THE SHARE HOLDERSNOTICE is hereby given that the 19th AnnualGeneral Meeting of the shareholders of thecompany will be held on Wednesday, 29thSeptember 2010 at 3.30 p.m. at HotelPALMGROVE, 13, Kodambakkam High Road,Chennai – 600 034, to transact the followingbusiness.

1.0 ORDINARY BUSINESS1. To receive, consider and adopt the Audited

Statements of Accounts for the yearended 31st March 2010 and reports of theDirectors and Auditors thereon.

2. To appoint a Director in place ofThiru.A.Paramasivam who retires by rotationand being eligible, offers himself for re-appointment. Thiru.A.Paramasivam hasgiven his consent to be the director ifappointed.

3. To appoint a Director in place ofDr.S.Rajapandian who retires by rotationand being eligible, offers himself for re-appointment. Dr.S.Rajapandian has givenhis consent to be the director if appointed.

4. To appoint Auditors and fix theirremuneration.

2.0 SPECIAL BUSINESS2.1 To consider and if thought fit to passthe following resolutions as SpecialResolution.(a) Resolved that subject to provisions of Sections

198, 269, 309, 310, 311 and otherapplicable provisions of the Companies Act,1956, (including any statutory modificationor re-enactment thereof) the consent of theCompany is hereby accorded for the termsand conditions as detailed herein, effectivefrom 01.04.2010 of Thiru.S.Iyempandi,Managing Director of the company.Salary: Rs.50,000/- – Rs.5,000/-Rs.70,000/- per month.House Rent Allowance: 60% of Salary.

Commission: shall be entitled to acommission of 1% of Net profits in the yearin which the company makes net profit andsuch total remuneration shall be subject toSection 198, 309 of the Companies Act,1956.Perquisites shall be allowed in addition tosalary, shall not exceed two months salary.The term Perquisites means Expenditureincurred by the Company on Gas, Electricity,Water and furnishing and shall be valuedas per Income Tax Rules, 1962, MedicalReimbursement, Leave Travel Concession,Club Fees, Personal Accident Insurance andall other allowances shall be entitled for freeuse of the Company’s Car for business andtelephone Connection at the residence. Thesame shall not be considered as perquisite.However personal Long distance calls ontelephone and use of car for privatepurposes shall be borne by the ManagingDirector.

(b) Resolved that subject to provisions of Sections198, 269, 309, 310, 311 and otherapplicable provisions of the CompaniesAct, 1956, (including any statutorymodification or re-enactment thereof) theconsent of the Company is herebyaccorded for the terms and conditions asdetailed herein, effective from01.04.2010, of Thiru.N.K.S.Kolappan,Joint Managing Director of the company.Salary: Rs.50,000/- – Rs.5,000/-Rs.70,000/- per month.House Rent Allowance: 60% of Salary.Commission: shall be entitled to acommission of 1% of Net profits in the yearin which the company makes net profit andsuch total remuneration shall be subject toSection 198, 309 of the Companies Act,1956.Perquisites shall be allowed in addition tosalary, shall not exceed two months salary.The term Perquisites means Expenditureincurred by the Company on Gas, Electricity,

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Water and furnishing and shall be valuedas per Income Tax Rules, 1962, MedicalReimbursement, Leave Travel Concession,Club Fees, Personal Accident Insurance andall other allowances shall be entitled for freeuse of the Company’s Car for business andtelephone Connection at the residence. Thesame shall not be considered as perquisite.However personal Long distance calls ontelephone and use of car for privatepurposes shall be borne by the JointManaging Director.

2.2 To consider and if thought fit to pass thefollowing resolutions as Special Resolutions.As per the provisions of Section 224 A ofthe Companies Act 1956, M/s. Ramadoss& Associates, Chartered Accountants,retiring Auditors of the company are eligiblefor re-appointment.The Board proposes to appoint M/s.Ramadoss & Co Chartered Accountants,Chennai as auditor of the Company fromthe conclusion of this Annual GeneralMeeting at such remuneration to be decidedby the Board of Directors of the Company.

Note:

1. A member entitled to attend and vote isentitled to appoint a Proxy to attend andvote. The Proxy need not be a member. Amember unable to attend may appointanother person (whether a member or not)as his proxy in the enclosed form which shallbe deposited with the Registered OfficeNo.19, Block-I, Sidco Electronics Complex,Guindy, Chennai – 600 032. The proxiesin order to be effective must be receivedby the company not less than 48 hoursbefore the meeting.

2. The registrar of members and the sharetransfer books of the company will remainclosed from 16.09.2010 to 29.09.2010(both days inclusive).

3. Members/Proxies should bring theattendance slip sent herewith, duly filled inand signed handover the same of theentrance of the hall.

4. Shareholders are requested to bring theircopy of the Annual Report for the meeting.

Explanatory Statement1.0 Ordinary Business(Pursuant to Section 173 (2) of the Companies Act, 1956)The information in respect of item No.2, 3 and 4 of ordinary business and pursuant to SEBI codefor Corporate Governance about Director seeking re-appointment in this Annual General Meetingis furnished hereunder:

Name of the Director

Date of Birth

Date of appointment

Qualification and experiencein specific functional area.

Thiru.A.Paramasivam

25.03.1940

30.12.2005

ITI Graduate with more than46 years hands on experience/plastic and polymer inmoulding technology. Wellversed in Injection MouldingMachine erection testing andmaintenance. Has worked asManager Maintenance in CIPET,

Dr.S.Rajapandian

01.06.1942

30.06.2006

B.E.(Elec), M.E., (HV) andDoctorate in H.V. (Engg) fromIndian Institute of Science,Bangalore. Has wideexperience in manufacturingof Electric component(capacitor) and Specialized inthe field of Electrical

Particulars Item No.1.2 Item No. 1.3

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Chairman / Member of thecommittee of the Board ofDirector of the company

Chennai. Now heads his ownplastic processing unitemploying more than 250persons.

Chairman of RemunerationCommittee and Member ofAudit Committee.

Engineering in energy saving.He has his own unitmanufacturing powercapacitor and also Principal ofPanimalar engineeringCollege, Chennai.

Chairman of Audit Committeeand Member of RemunerationCommittee and ShareholdersGrievance Committee.

Particulars Item No.1.2 Item No. 1.3

22222. Special Business:Special Business:Special Business:Special Business:Special Business:2.1 (a) The five years term of

Thiru.S.Iyempandi, Managing Director,expire on 28th September 2010. The Boardrecommends the re-appointment ofThiru.S.Iyempandi as Managing Directorfor a further period of 5 Years at theDirectors meeting held on 31.07.2010effective from 29th September 2010 to 31st

September 2015.The Remuneration Committee constitutedin terms of Clause 49 of the ListingAgreement has approved andrecommended the re-appointment ofThiru.S.Iyempandi as Managing Directorand has recommended the following termsand conditions of appointment ofThiru.S.Iyempandi from 01.04.2010 asbelow:Salary: Rs.50,000/- Rs.5,000/-Rs.70,000/- per month.House Rent Allowance: 60% of Salary.Commission: Shall be entitled to acommission of 1% of Net Profits in the yearin which the company makes net profit andsuch total remuneration shall be subject toSection 198, 309 of the Companies Act,1956.Perquisites shall be allowed in addition tosalary shall not exceed two months salary.The term Perquisites means Expenditureincurred by the Company on Gas, Electricity,

Water and furnishing and shall be valuedas per Income Tax Rules, 1962, MedicalReimbursement, Leave Travel Concession,Club Fees, Personal Accident Insurance andall other allowances shall be entitled for freeuse of the company’s car for business andtelephone connection at the residence. Thesame shall not be considered as perquisite.However personal long distance calls ontelephone and use of car for privatepurposes shall be borne byThiru.S.Iyempandi.This statement should be treated as anabstract of the terms of the contract withThiru.S.Iyempandi Managing Director, forthe purpose of section 302 of the companiesAct, 1956.The directors command the resolution forapproval.None of the Directors of the companyexcept Thiru.S.Iyempandi, is interested inthe above resolution.

2.1 (b) The five years term of Thiru. N.K.S.Kolappan, Joint Managing Director, expireon 28th September 2010. The Boardrecommends the re-appointment ofThiru.N.K.S.Kolappan as Joint ManagingDirector for a further period of 5 Years atthe Directors meeting held on 31.07.2010effective from 29th September 2010 to31st September 2015.

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The Remuneration Committee constitutedin terms of Clause 49 of the ListingAgreement has approved andrecommended the re-appointment ofThiru.N.K.S.Kolappan as Joint ManagingDirector and has recommended thefollowing terms and conditions ofappointment of Thiru.N.K.S.Kolappan from01.04.2010 as below:Salary: Rs.50,000/- Rs.5,000/-Rs.70,000/- per month.House Rent Allowance: 60% of Salary.Commission: Shall be entitled to acommission of 1% of Net Profits in the yearin which the company makes net profit andsuch total remuneration shall be subject toSection 198, 309 of the Companies Act,1956.Perquisites shall be allowed in addition tosalary shall not exceed two months salary.The term Perquisites means Expenditureincurred by the Company on Gas, Electricity,Water and furnishing and shall be valuedas per Income Tax Rules, 1962, MedicalReimbursement, Leave Travel Concession,Club Fees, Personal Accident Insurance andall other allowances shall be entitled for freeuse of the company’s car for business andtelephone connection at the residence. Thesame shall not be considered as perquisite.However personal long distance calls ontelephone and use of car for private

purposes shall be borne byThiru.N.K.S.Kolappan.This statement should be treated as anabstract of the terms of the contract withThiru.N.K.S.Kolappan Joint ManagingDirector, for the purpose of section 302 ofthe companies Act, 1956.The directors command the resolution forapproval.None of the Directors of the companyexcept Thiru.N.K.S.Kolappan, is interestedin the above resolution.

2.2 Explanation statement under Section 173(2) of the Companies Act 1956, our presentAuditor M/s. Ramadoss & Associates,Chartered Accountants, Chennai areretiring at the end of this Annual GeneralMeeting and are eligible for re-appointment. The Board is proposing toappoint M/s. Ramadoss & Co., CharteredAccountants, Chennai.

By Order of the BoardFor Iykot Hitech Toolroom Ltd

(S.IYEMPANDI)Managing Director

Place: ChennaiDate : 01.08.2010

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DIRECTOR’S REPORT

Your directors have great pleasure in presentingtheir 19th Annual Report and the Auditedaccounts of the company for the year ended31st March 2010.

1.0 FINANCIAL RESULTS

Year ended 31.03.2010 31.03.2009Profit & Loss before interest and depreciation 68.71 86.92Interest 8.51 11.56Depreciation 15.79 15.49Deferred tax asset 0.20 0.06Profit and Loss after interest and depreciation 44.61 59.95Short provision of income tax of earlier year - 0.16Provision for taxation 6.92 6.22Profit / (Loss) after taxation 37.69 53.55Balance Brought Forward from Previous year (181.07) (234.63)Balance carried to Balance Sheet (143.38) (181.08)

2.0 DIVIDEND :Considering the accumulated losses, yourDirectors have not recommended any dividendon equity share capital of the company for theyear ended 31st March 2010.

3.0 AUSTERITY MEASURES :The Company continues to pursue austeritymeasures to achieve cost reduction.

4.0 CORPORATE GOVERNANCEAs per the Clause 49 of the Listing Agreementand in accordance with the provisions of thesaid Clause Audit Committee, Share holders/

Investors Grievance Committee, RemunerationCommittee has met and transacted business aslaid down.In pursuance of Clause 49 of the ListingAgreement with the Stock Exchanges, CorporateGovernance Report along with the AuditorsCertificate are given else where and form partof this report.

5.0 TRADING IN THE SHARES / DELISTINGOF EQUITY SHARES:Bombay Stock Exchange Ltd, with effect from15.04.2009 has revoked the suspension ofyour shares from listing. The listing effected isfor the reduced capital of Rs.304.0 Lakhsconsisting of 60,84,000 equity shares ofRs.5/- each fully paid up.

The Scrip Code is 522245 and Group allottedis ‘Z’. Abbreviated name on BOLT system is“IYKOT HITEC” and Scrip ID on BOLT system is“IYKOT HITE”.

Your shares are demated with ISNI Code INE079L01013 and are approved both NSDL andCDSL with effect from May 2010.

Your shares are traded at Bombay StockExchange Ltd from 18.06.2010.

6.0 DIRECTORSUnder Article 116, Thiru.A.Paramasivam, andDr.S.Rajapnadian Directors of the companyretire from office by rotation and being eligible,offer for re-appointment.

7.0 INFORMATION UNDER SECTION217(2A) & 217 (1) (E) OF THE COMPANIESACT, 1956.

7.1 During the year no employee has drawnsalary in excess of the amounts prescribed underSection 217 (2A) of the Companies Act, 1956read with (Companies particulars of employees)Rules 1975.

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7.2 INFORMATION REQUIRED UNDER SECTION 217 (1) (E) IS GIVEN HEREUNDER:(i) Conservation of energy : All steps have been taken into conserve energy

of all levels.(ii) Technology Absorption, Adoption : Not applicable.

and Innovation7.3 RESEARCH AND DEVELOPMENTResearch wing is active in developing newproducts in line with the ELVD already beingmanufactured.

7.4 FOREIGN EXCHANGE EARNINGS ANDOUTGO:(i) The Foreign Exchange earnings : NIL(ii) The Foreign Exchange outgo : Rs.26,41,264/-

8.0 FIXED DEPOSITS:The Company has not accepted any FixedDeposits from the public from the date ofcommencement of Business.

9.0 COMPANY SECRETARY:Steps are being taken to appoint a whole-timeCompany Secretary under the provisions of theCompanies Act, 1956.

10.0 AUDITORSM/s.Ramadoss & Associates, CharteredAccountants, Chennai retires at the conclusionof 19th Annual General Meeting and areeligible for re-appointment.The Directors recommend their re-appointment.

11.0 RESPONSIBILITY STATEMENTTo the best of their knowledge and belief andaccording to the information and explanationsobtained by them, your Directors make thefollowing statement in terms of Section 217(2AA) of the Companies Act, 1956:(a) That in the preparation of the annual

accounts for the year ended March 31st

2010, the applicable accounting standardshave been followed alongwith properexplanation relating to material departures,if any;

(b) That such accounting policies as mentionedin schedule 20 to the annual accounts havebeen selected and applied consistently andjudgments and estimates that are reasonableand prudent made so as to give a true andfair view of the state of affairs of thecompany at the end of the financial yearended on March 31st 2010 and of the profitof the company for that year;

(C) That proper and sufficient care has beentaken for the maintenance of adequateaccounting records in accordance with theprovisions of the Companies Act, 1956, forsafeguarding the assets of the company andto prevent and detect fraud and otherirregularities;

(D) That the Annual accounts for the year ended31st March 2010 have been prepared on agoing concern basis.

12.0 CORPORATE GOVERNANCEA separate detailed corporate governancereport is attached herewith.

13.0 ACKNOWLEDGEMENTSThe Directors wish to place on record theirappreciation of the continuous support receivedby the Company from the investors, participatingFinancial Institution, Banks, Foreign Principals,Central/State Government departments, itsCustomers and Suppliers.

Place : Chennai N.K.S.KOLAPPAN S.IYEMPANDIDate : 31.07.2010 Joint Managing Director Managing Director

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CORPORATE GOVERNANCE REPORT

1.0 Our philosophy on Code of Governance isaimed at safeguarding and adding value to theinterest of the various stakeholders of ourcompany including shareholders, lenders,employees and public at large. At IYKOT HITECHTOOLROOM LTD, we are committed to GoodCorporate Governance to ensure that allfunctions of the Company are discharged in aprofessionally sound and competent manner.Given below is the requisite information relatingto corporate functioning of your Company at

apex level for the purposes of due transparencyon this aspect.2.0 Board of Directors:The Board consists of 6 Directors as on31.03.2010. The composition of Board confirmto Clause 49 of the Listing Agreement and thedetails are given below:Details about the Company’s Board of Directorsand the meeting attended during the periodunder review 01.04.2009 to 31.03.2010 aretabulated hereunder:

2.1 Number of Board Meetings:The Board of Directors met 5 times during theFinancial Year 2009-2010.

3.0 Board Committees:In accordance with the provisions of Clause 49of the Listing Agreement entered into with theStock Exchanges the following Committees hasbeen constituted.

3.1 Audit Committee:The Audit Committee has been constituted inline with the Clause 49 of the Listing Agreementand Section 292A of the Companies Act, 1956.

The Committee is headed by Dr. S. Rajapandianand at present consists of A. Paramasivam, Prof.Rooshikumar Pandya, Thiru. N.K.S. Kolappanand Thiru. M.S. Krishnan.The Audit Committee met FourFourFourFourFour times duringthe period of 2009-2010 under review andall the Members of the Committee except Thiru.A. Paramasivam attended the meeting.

3.2 Remuneration CommitteeThe Company has also set up a RemunerationCommittee of Directors, consisting ofThiru. A. Paramasivam, Chairman, andDr. S. Rajapandian and Prof. Rooshikumar

Sl. Name of the Category Position No of. Board Attendence No.of Director No of CommitteeNo. Director Meetings at the previous ship in other positions (as

attended AGM held public Member/Chairman)on 30.09.09 Companies held in other public

Companies

1. Thiru.S.Iyempandi Promoter / Managing 5 Present Nil NilExecutive Director

2. Thiru.N.K.S.Kolappan Promoter / Joint Managing 5 Present Nil NilExecutive Director

3. Prof. Rooshikumar Non Executive Director 4 Present 3 Nil Pandya

4. Thiru.A.Paramasivam Non Executive Director - - Nil NilIndependent

5. Dr.S.Rajapandian Non Executive Director 5 Present Nil NilIndependent

6. Thiru M.S. Krishnan Non Executive Director 4 Present Nil NilIndependent

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Pandya as members of the committee. The main criteria for fixing remuneration of the Directors isperformance and also the practices in the industry. The terms of reference of the RemunerationCommittee include review and recommendation to the Board of Directors, the remuneration to bepaid to the Directors. The Committee meets as and when required to consider remuneration ofDirectors.

3.3 Board / Committee Meetings: Sitting Fee Paid for the period of 2009-2010.

Sl. Name of the No. of No. of Audit No.of Fees paidNo. Member Board Committee remuneration (Rs.)

meeting Meeting CommitteeMeeting

01. Thiru. S. Iyempandi 5 - - -02. Thiru. N.K.S. Kolappan 5 4 - -03. Prof. Rooshikumar Pandaya 4 3 - 11000/-04. Thiru. A. Paramasivam - - - -05. Dr. S. Rajapandian 5 4 - 14000/-06. Thiru. M.S. Krishnan 4 - - 8000/-

Note: No sitting fee has been paid to Thiru.S.Iyempandi and Thiru.N.K.S.Kolappan for attendingthe Meetings.The Company has paid Sitting Fees to the Members of the Board who attended the meetings of theBoard of Directors of the Company.

3.4 Share Holders/ Investors Grievance Committee:The Committee consists of Dr.S.Rajapandian, Thiru.S.Iyempandi and Thiru.N.K.S.Kolappan.Thiru.N.K.S.Kolappan also functions as Compliance Officer.The Company received only 34 transfers for 28440 shares during April 2009 to March 2010which has been approved and transferred.

4.0 Annual General MeetingsLocation and time of last three Annual General Meetings are as under:Year Venue Date Time

2008-09 Hotel PALMGROVE 30.09.2009 3.30 p.m.13, Kodambakkam High RaodChennai – 600 034.

2007-08 Hotel PALMGROVE 27.09.2008 3.30 p.m.13, Kodambakkam High RaodChennai – 600 034.

2006-07 R V Tower 26.09.2007 3.30 p.m1st Floor, GST Road,Guindy, Chennai – 600 032.

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5.0 Disclosures

• During the year 2009-10, the Company hadno major related party transactions, whichare considered to have potential conflict withthe interests of the Company at large.

• No penalty / stricture was imposed oncompany by the stock exchanges, SEBI orany other authority or any matter related tocapital market during the year.

• Details of compliance with mandatoryrequirements and adoption of the non-mandatory requirements: The Company hascomplied with all mandatory requirementsof Clause 49 of the Listing Agreement.

6.0 Means of Communication:The quarterly results, half yearly results andAnnual results are published by the Companyin News Today and Maalai Sudar. The resultsare also sent to the Stock Exchanges where theCompany’s shares are listed. The results arealso hosted on your website www.iykot.com

7.0 Management Discussion and AnalysisReport:A management discussion and analysis reportforms part of the Director’s Report under thecaption Directors Responsibility Statement.

8.0 General Share Holder Information:8.1 Annual General MeetingDate and Time29th September, 2010 at 03.30 P.M.VenueHOTEL PALMGROVE13, Kodambakkam High Road,Chennai – 600 034.

8.2 Financial Calendar of the Company:The Financial Year covers from 1st April to 31st

March

Financial Reporting for 2010-11 (tentative)Results for the quarter ending 30th June, 201031th July, 2010Results for the quarter ending 30th September,2010 . 30th November, 2010Results for the quarter ending 31st December,2010. 28th February, 2011Results for the quarter ending 31st March, 201130th June 2011

8.3 Date of Book Closure:The period of Book Closure is fixed from16th September, 2010 to 29th September,2010 (Both days inclusive)

8.4 Listing on Stock Exchanges and ScripCode:The Equity shares of the Company are listedwith Bombay Stock Exchange Ltd and MadrasStock Exchange Ltd. The code allotted in BombayStock Exchange is 522245 and at Madras isELCOT HIG-109.

8.5 Market Price Data:Bombay Stock Exchange Ltd, with effect from15.04.2009 has revoked the suspension ofyour shares from listing. The listing effected isfor the reduced capital of Rs.304.0 Lakhsconsisting of 60,84,000 equity shares of Rs.5/- each fully paid up.The Scrip Code is 522245 and Group allottedis ‘Z’. Abbreviated name on BOLT system is“IYKOT HITEC” and Scrip ID on BOLT system is“IYKOT HITE”.Your shares are demated with ISNI Code INE079L01013 and are approved both NSDL andCDSL with effect from May 2010.Your shares are traded at Bombay StockExchange from 18.06.2010. Your companyshare price is High Price Rs.32/- – Low Price –23.25/- in June & July 2010.

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8.6 Company’s Registrars and Share Transfer AgentM/s.Cameo Corporate Services Ltd is our Registrar & Share Transfer Agent. They have office atChennai.M/s.Cameo Corporate Services Limited“Subramanian Building” 1, Club House Road, Chennai – 600 002. IndiaTelephone: 044 - 6455 5838, Fax: 044 - 2846 0129.

8.7 Distribution of Share Holding as on 31.03.2010:

No. of Equity No. of Share % of Share No. of Shares % of shareshares held Holders Holders Held Holding

1- 100 Nil Nil Nil Nil101-500 5995 86.81 1236120 20.32501-1000 589 8.53 410640 6.751001-2000 170 2.46 213000 3.502001-3000 69 1.00 164640 2.713001-4000 13 0.19 46200 0.764001-5000 7 0.10 31200 0.515001-10000 24 0.35 166200 2.7310001 and above 39 0.56 3816000 62.72

Total 6906 100 6084000 100

8.8 Share Holding Pattern as on 31.03.2010:

Category No. of Share % of Share No. of Shares % of SharesHolders Holders Held Holding

Resident Indians 6419 92.94 2434560 40.02Domestic Companies 13 0.19 46080 0.76NRIs 448 6.49 501360 8.24Promoters, Directors & Relatives 26 0.38 3102000 50.98FIIS - - - -Mutual Funds - - - -Financial Institutions - - - -

Total 6906 100 6084000 100

8.9 Plant Location:The Company’s Factory is located at M/s.IYKOT HITECH TOOLROOM LTD

No.131/2, Thiruneermalai Road,Nagalkeni, Chromepet, Chennai – 600 044.Telefax: 044 - 4316 2280.

8.10 Address for Correspondence: M/s.IYKOT HITECH TOOLROOM LTDNo.19, Block – I, Sidco Electronics Complex,Guindy, Chennai – 600 032.Telefax: 044 - 2250 0280.

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8.11 Company’s Registered Office : M/s.IYKOT HITECH TOOLROOM LTDNo.19, Block – I, Sidco Electronics ComplexGuindy, Chennai – 600 032Telefax: 044 - 2250 0280.

Place: Chennai On behalf of the BoardDate : 01.08.2010 For Iykot Hitech Toolroom Ltd

S. IYEMPANDI(Managing Director)

DECLARATIONAs provided under Clause 49 of the Listing Agreement with the Stock Exchanges, this is to confirmthat all members of the Board and the Executives assured compliance with the code of conduct laiddown.

Place: Chennai On behalf of the BoardDate : 01.08.2010 For Iykot Hitech Toolroom Ltd

S. IYEMPANDI(Managing Director)

AUDITOR’S CERTIFICATE ON COMPLIANCE WITH THE CONDITIONS OFCORPORATE GOVERNANCE UNDER CLAUSE 49 OF THE LISTING AGREEMENT

To the Members of Iykot Hitech Toolroom Ltd,

We have examined the Compliance of the conditions of Corporate Governance by Iykot HitechToolroom Ltd, for the year ended 31st March 2010, as stipulated in Clause 49 of the Listingagreement of the said Company with Stock Exchanges.

The Compliance of the conditions of Corporate Governance is the responsibility of the management.Our examination has been limited to the review of the procedures and implementation thereofadopted by the company for ensuring compliance with the conditions of the Corporate Governanceas stipulated in the said Clause. It is neither an audit nor an expression of opinion on the financialstatements of the company.

In our opinion and to the best of our information, and according to the explanations given to us, andbased on the representations made by the management, We certify that the Company had compliedwith the conditions of Corporate Governance as stipulated in Clause 49 of the Listing agreement.

We further state that such compliance is neither an assurance as to the future viability of thecompany nor the efficiency or effectiveness with which the management has conducted the affairsof the company.

For Ramadoss & Associates,Chartered Accountants

PartnerK.Ramadoss

Membership No.19176

Place: ChennaiDated: 31.07.2010

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AUDITOR’S REPORT

To the Members of IYKOT HITECH TOOL ROOMLIMITED

We have audited attached Balance Sheet of IYKOTHITECH TOOL ROOM LIMITED (the Company )as at 31st March 2010, and also the Profit andLoss Account and the Cash flow Statement of theCompany for the year ended on that date,annexed thereto, which we have signed underreference to this report. These financial statementsare the responsibil i ty of the Company’smanagement. Our responsibility is to express anopinion on these financial statements based onour audit.

We conducted our audit in accordance withauditing standards generally accepted in India.Those standards require that we plan and performthe audit to obtain reasonable assurance aboutwhether the financial statements are free ofmaterial misstatement. An audit includesexamining, on a test basis, evidence supportingthe amounts and disclosures in the financialstatements. An audit also includes assessing theaccounting principles used and significantestimates made by the management, as well asevaluating the overall financial statementpresentation. We believe that our audit providesa reasonable basis for our opinion.

As required by the Companies (Auditor’s Report )Order, 2003 issued by the Central Governmentof India in terms of sub-section 227 (4A) of theCompanies Act, 1956 we enclose in the Annexurea statement on the matters specified in paragraph4 and 5 of the said order to the extent applicable.

Further to our comments in the Annexure referredto in paragraph 3 above, we state that

(a) We have obtained all the information andexplanations, which to the best of ourknowledge and belief were necessary for thepurpose of our audit.

(b) In our opinion proper books of account asrequired by law have been kept by theCompany so far as appears from ourexamination of those books.

(c) The Balance Sheet, the Profit and LossAccount and the Cash flow statement referred

to in this report are in agreement with thebooks of account

(d) In our opinion, the Balance Sheet , the Profitand Loss account and the cash flow statementdealt with by this report comply with theaccounting standards referred to in Section211 (3C) of the Companies Act, 1956.

(e) On the basis of written representationsreceived from the Directors, and taken onrecord by the Board of Directors, we reportthat none of the directors is disqualified ason 31st March 2010 from being appointedas directors in terms of Clause (g) of sub –section (1) of section 274 of the CompaniesAct, 1956.

(f) In our opinion and as per the informationand according to the explanations given tous , the said Balance Sheet , the Profit andLoss Account and the Cash flow statementread together with the notes thereon, givethe information required by the CompaniesAct, 1956 in the manner so required andgive a true and fair view:

(i) in the case of the Balance sheet , of the Stateof affairs of the Company as on 31st March2010 and

(ii) in the case of the Profit and Loss Account ofthe Profit of the Company for the year endedon that date and

(iii) in the case of the Cash flow statement , ofthe cash flow of the Company for the yearended on that date.

For Ramadoss & AssociatesChartered Accountants

(K.Ramadoss) Partner.

Mem. No. 19176.Place : ChennaiDated : 31.07.2010

14


ANNEXURE REFERRED TO IN PARAGRAPH ‘3’ OFTHE AUDITORS’ REPORT TO THE MEMBERS OFIYKOT HITECH TOOL ROOM LIMITED ON THEACCOUNTS FOR THE YEAR ENDED MARCH 31,2010

1. a. The company has maintained properrecords to show full particulars includinglocation of fixed assets.

b. As explained to us, the company has asystem of physical verification once in ayear. In our opinion, the frequency ofverification is reasonable having regardto the size of the company and the natureof its fixed assets. We have been informedthat no discrepancies were noticed duringthe physical verification.

c. The company has not disposed off asubstantial part of its fixed assets duringthe year and the going concern status ofthe company is not affected.

2. a. During the year, the inventories havebeen physically verified at reasonableintervals by the management and in ouropinion the frequency of verification isadequate and reasonable.

b. In our opinion and according to theinformation and explanations given to us,the procedures of physical verificationfollowed by the management arereasonable and adequate in relation tothe size of the company and the natureof its business.

c. On the basis of our examination of therecords of inventories, we are of theopinion that the company is maintainingproper records of inventories. Thediscrepancies noticed on the physicalverification of inventories as compared tobook records were not material and havebeen properly dealt within the books ofaccounts.

3. a. According to the information andexplanation given to us, the company hasnot given any loans, but has takenunsecured loan from Companies, firmsand other parties covered in the registermaintained under sec 301 of theCompanies Act, 1956.

No. of Parties 1Amount involved Rs 1640873.86Maximum outstanding atAnytime during the year Rs 1640873.86Outstanding as at 31.03.10 Rs 1640873.86

b. In our opinion the interest and otherterms and conditions of loan are Primafacie not prejudical to the interest of thecompany.

c. There are no amounts which have beenover due as at the year end.

4. In our opinion and according to theinformation and explanations given to us,there are adequate Internal control procedurescommensurate with the size of the companyand nature of its business with regard to thepurchase of inventories, fixed assets and withregard to sale of goods. During the course ofour audit, no major discrepancies has beennoticed in the underlying internal controls.

5. a. Based on the audit procedures andaccording to the information andexplanation given to us, the transactionthat need to be entered in the register inpursuance of section 301 of theCompanies Act, 1956 have been soentered.

b. According to the information andexplanation given to us, in respect oftransactions entered in the registermaintained in pursuance of section 301of the Companies Act, 1956, andexceeding the value of Rs.5 lakhs inrespect of any party during the year isNil.

6. As the Company has not accepted anydeposits from the public, paragraph 4 (vi) ofthe order is not applicable.

7. The Company has no Internal Audit Systemand we were informed that it is underconsideration of the management.

8. We have been informed by the managementthe Central Government has not prescribedthe maintenance of cost records under Section209 (1) (d) of he Companies Act, 1956 andthe rules made there under.

15


9. a. As explained to us, the statutory duespayable by the company comprises ofProvident Fund, Employees StateInsurance, Excise duty ,Sales tax, Incometax, Listing fee, Customs duty, Wealth tax.

b. According to the records of the Companyand information and explanation givento us, the company is regular indepositing Income tax ,Wealth tax,Customs duty, Excise duty undisputedstatutory dues as referred in above andno amount is out standing as at31st March 2010 for a period of morethan six months from the date theybecome payable

10. The company has Rs.143.38 Lakhsaccumulated losses at the end of the financialyear 31st March 2010. Further the companyhas not incurred any cash losses during thecurrent financial year and also in theimmediately preceding Financial Year.

11. The Company did not have any out standingdues to any Financial Institution, Banks duringthis year.

12. As the company has not granted any loansand advances on the basis of security by wayof pledge of shares, debentures and othersecurities, paragraph 4 (XII) of the order isnot applicable.

13. As the company is not a Chit Fund / Nidhi /Mutual Benefit Fund / Society to which theprovision of special statue relating to chit fundare applicable, paragraph 4 (XIII ) of the orderis not applicable.

14. As the company is not dealing or trading inShares, Securities, Debentures and otherinvestments, paragraph 4 (XIV ) of the orderis not applicable.

15. As informed to us, the company has not givenany guarantee for loan taken by others fromBanks or Financial Institutions.

16. The Company has term loan includes(excluding interest on term loan ) defermentof Sales tax loan as at 31st March 2010 isRs.Nil

17. The Company has no long term loan of Salestax deferment as referred to in paragraph 16above.

18. As the company has not made preferredallotment of shares to parties and companiescovered in the register maintained underSection 301 of the Companies Act, 1956,paragraph 4 (XVIII) of the order is notapplicable.

19. As the company has not issued anydebentures, paragraph 4 (XIX ) of the orderis not applicable.

20. During the year the company has not raisedany money by way of public issue, paragraph4 (XX) of the order is not applicable.

21. Based on the audit procedures performed andinformation and explanation given by themanagement, we report that no fraud on orby the Company has been noticed or reportedduring the course of our audit for the yearended 31st March 2010

For Ramadoss & AssociatesChartered Accountants

(K.Ramadoss)Partner.

Mem.No.19176Place : ChennaiDated : 31.07.2010

16


BALANCE SHEET AS AT MARCH 31, 2010As at As at

PARTICULARS SCHEDULE 31.03.2010 31.03.2009 Rs. P. Rs. P.

SOURCES OF FUNDSShareholder’s FundsShare Capital A 30420000.00 30420000.00Loan FundsSecured Loan B 2022597.76 5988498.34Unsecured loans C 6545603.51 6947363.82

8568201.27 12935862.16

Total 38988201.27 43355862.16

APPLICATION OF FUNDSFixed assets DGross Block 64807424.11 73103842.11Less: Accumulated Depreciation 55528628.11 64375821.11Nett Block 9278976.00 8728021.00Deferred Tax Asset 27200.00 6800.00Current Assets, Loans and Advances

Current AssetsInventories E 8646468.00 4853860.00Sundry Debtors F 3807222.75 12802350.00Cash and Bank Balances G 43444.49 150754.91Loans and Advances H 7635977.45 3734944.15

20133112.69 21541909.06Less: Current Liabilities & ProvisionsCurrent Liabilities I 2731484.63 3663437.38Provision for taxation J 2057600.00 1365000.00

4789084.63 5028437.38Nett Current Assets 15344028.06 16513471.68Profit & Loss Account 14338177.21 18107569.48Total 38988201.27 43355862.16

The schedules referred to above form an integral part of the Balance Sheet.As per our Report attached hereto For and on behalf of the Boardfor RAMADOSS & ASSOCIATES., IYKOT HITECH TOOLROOM LTD.Chartered Accountants

K. RAMADOSS N.K.S. KOLAPPAN S. IYEMPANDIPartner Joint Managing Director Managing DirectorMembership No. 19176Dated : 31.07.2010

17


PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31,2010

Year ended Year endedPARTICULARS SCHEDULE 31.03.2010 31.03.2009

Rs. P. Rs. P.

INCOMESales 48509953.07 61737368.84Other Income K 2656612.55 3957174.94Increase/Decrease in Work in Proccessand Finished goods L 2372007.00 -3177477.00

53538572.62 62517066.78EXPENDITUREConsumption of Raw Materials and Spare Parts M 26927606.26 31970080.67Other Manufacturing expenses N 6000749.27 5913569.94Employees Remuneration & Other benefits O 5439440.38 5431652.02Administration expenses P 3993807.33 3557260.02Selling expenses Q 4305220.04 6951171.26Finance Charges R 850910.07 1156495.64Depreciation 1579247.00 1549473.00Total 49096980.35 56529702.55Profit before tax 4441592.27 5987364.23Deferred tax Asset 20400.00 6800.00Short provision for Income tax for earlier year 0.00 16464.00Provision for Income tax 692600.00 600000.00Provision for Fringe Benefit tax 0.00 22000.00Profit after tax 3769392.27 5355701.23Profit and loss account brought forwardfrom last Balance Sheet 18107569.48 23463269.71Profit and loss account carried forwardto Balance Sheet 14338177.21 18107569.48

The schedules referred to above form an integral part of the Balance Sheet.As per our Report attached hereto For and on behalf of the Boardfor RAMADOSS & ASSOCIATES., IYKOT HITECH TOOLROOM LTD.Chartered Accountants


18


SCHEDULES FORMING PART OF ACCOUNTS AS AT MARCH 31, 2010

PARTICULARS As at 31.03.2010 As at 31.03.2009Rs. P. Rs. P.

SCHEDULE A - SHARE CAPITALAuthorised Capital2,20,00,000 Equity shares of Rs. 5 each 110000000.00 110000000.00Issued, Subscribed and paid up6084000 Equity shares of Rs. 5 each 30420000.00 30420000.00

30420000.00 30420000.00

SCHEDULE B - SECURED LOANSFrom Bank 2022597.76 5988498.34

SCHEDULE C - UNSECURED LOANSI F S T Loan- CST 0.00 400000.31From Bank-Vehicle Loan 341090.00 599314.00From Directors 1640873.86 1640873.86From others 4563639.65 4307175.65

6545603.51 6947363.82

SCHEDULE E - INVENTORIES(Valued and certified by the Management)Raw Materials 4634220.00 3048689.00Finished Goods 3794723.00 1422716.00Consumables Stickers & Inserts 217525.00 382455.00

8646468.00 4853860.00

SCHEDULE F - SUNDRY DEBTORS( Unsecured- Considered Good )Out standing for a period exceeding six months 257732.00 0.00Others 3549490.75 12802350.00

3807222.75 12802350.00

SCHEDULE G - CASH AND BANK BALANCESCash on hand 13477.50 86969.92With Scheduled BankIn Current account 27966.99 61784.99In Deposit account 2000.00 2000.00

43444.49 150754.91

19


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20


SCHEDULE H - LOANS AND ADVANCES(Unsecured - Considered Good)Advances recoverable in cash or in Kind orfor Value to be received 2218867.39 951391.89Deposits with Electricity etc 542672.00 561933.00Advance Income tax and Tax deducted at Source 2321249.06 1596908.26Deposits with Excise 562189.00 624711.00Advance for purchase of Machinery 1991000.00

7635977.45 3734944.15

SCHEDULE I - CURRENT LIABILITIESSundry creditors 940999.24 1706534.50Staff security deposit 297894.10 331384.10Out standing Liabilities 1404555.99 1368434.78Duties & Taxes 88035.30 257084.00

2731484.63 3663437.38

SCHEDULE J - PROVISIONSProvision for Income tax 1923600.00 1231000.00Provision for Fringe Benefit Tax 134000.00 134000.00

2057600.00 1365000.00

SCHEDULE K - OTHER INCOMEInterest Receipts 30977.00 32681.00Input on Cenvat Credit 1975973.00 3458607.00Discount Received 373066.00 462406.94Others 3968.55 3480.00Profit on sale of fixed assets 272628.00 0.00

2656612.55 3957174.94

SCHEDULE LIncrease / Decrease in Work in Processand Finished Goods

Opening StockWork in Process 0.00 1600000.00Finished Goods 1422716.00 3000193.00

1422716.00 4600193.00Closing StockWork In processFinished goods 3794723.00 1422716.00

3794723.00 1422716.00Increase /Decrease in Work In Processand Finished Goods 2372007.00 -3177477.00

As at 31.03.2010 As at 31.03.2009Rs. P. Rs. P.

21


SCHEDULE M - CONSUMPTION OF RAW MATERIALSOpening Stock 3431144.00 4113891.00Purchases ( including Standard Parts) 28348207.26 31287333.67

31779351.26 35401224.67Less : Closing Stock 4851745.00 3431144.00

Consumption of Raw materials 26927606.26 31970080.67

SCHEDULE N - OTHER MANUFACTURING EXPENSESLabour charges 1700081.59 963807.00Carriage Inwards 732305.00 809808.05Power & Fuel 2890650.00 2881861.00Stores & Spares 353793.68 307592.45Other manufacturing expenses 52335.00 88005.00Repairs & Maintenance - Machinery 271584.00 862496.44

6000749.27 5913569.94

SCHEDULE O - EMPLOYEES REMUNERATION & OTHER BENEFITSSalary & Wages 4681028.88 4686341.02Staff & Workmen Welfare expenses 303975.50 156453.00Contribution to P.F., E.S.I and other funds 454436.00 588858.00

5439440.38 5431652.02

SCHEDULE P - ADMINISTRATION EXPENSESAudit Fees 70000.00 60000.00Computer Maintenance 60602.00 24891.00Insurance 100217.00 110057.00Listing fees 291030.00 75515.00Postage & Telegrams 32810.00 97880.50Printing & Stationery 102525.00 130521.75Professional Charges 73157.00 170577.00Repairs& Maintenance - Building 223332.00 64099.00Rent 2115000.00 1884033.00Sitting fees 33000.00 31000.00Telephone charges 127066.37 125639.76Travelling & Conveyance 290358.89 353118.59Vehicle Maintenance 398756.07 365593.92Loss on Sale of Assets 15507.00 0.00Others 60446.00 64333.50

3993807.33 3557260.02

SCHEDULE Q - SELLING EXPENSESAdvertisement 48374.00 53476.00Business Promotion expenses 32696.25 47285.26Carriage Outwards 228370.00 55561.00Excise Duty 3894518.00 6792649.00Discount 101261.79 2200.00

4305220.04 6951171.26

SCHEDULE R - FINANCE CHARGESBank charges 75800.00 49388.00Interest - To Bank 395387.00 772689.03Hire Purchase Fin.charges 49358.00 74118.61Interest to others 330365.07 260300.00

850910.07 1156495.64

22


SCHEDULE SNotes forming Part of Accounts as at 31st March 2010I. Statement of Significant Accounting Policies

The financial statements have been prepared on the historical cost convention in accordance with generallyaccepted accounting policies.

(i) Fixed Assets and Depreciation : Fixed assets are stated at historical cost as reduced by accumulatedDepreciation.Depreciation on fixed assets have been provided under written down value method at the ratesprovided in Sch XIV of the Companies Act, 1956, on the prorata month basis.

(ii) Inventories1. Raw materials - Valued at Cost ( Net of Modvat ) On FIFO Basis2. Work In Progress - At Cost3. Finished Goods- at cost price(iii) Revenue RecognitionAll income and expenses are accounted on accrual basis.II. Other Information1. Particulars of Finished goods Opening Stock Production Sales Closing StockMoulds & Dies 2009-10 0 0 0 0

2008-09 2 8 10 0

Components 2009-10 0 392982 380424 12558 2008-09 0 313453 313453 0

2. Raw Materials consumption2009-10 2008-09

Qty Value Qty Value(in Kgs) (in Kgs)

Steel 474.90 136387.00 643.50 80154.00Copper 24.80 13090.00 97.64 40829.00Polymers 210620.00 23871558.24 208755.00 28292227.00Aluminium 192.00 107320.00 0.00 0.00Electronics Items 155104.00 517177.00 44459.00 262524.32Standard Parts 2282074.02 2672640.35

26927606.26 31348374.67

3. Details of Raw Materials & Std Parts ConsumptionImported NIL NIL NIL NILIndigenous 100 26927606.26 100 31348374.67

100 26927606.26 100 31348374.674. Foreign currency expenditure

Travelling expenses 69750.00 24450.00Plant & Machinery 2571514.00 397177.00

5. Foreign Currency earnings NIL NIL6. Estimated amount of contracts remaining to be executed

on capital account and not provided for is Rs.758769.007. Auditor’s remuneration

ForCompany Audit 40000 30000Tax Audit 15000 15000Other Matters 15000 15000

70000 600008. Sales includes Excise duty and excludes sales taxIII.Disclosures Applicable to the company under various mandatory accounting Standards issued by ICAI

23


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24


AS-20- Earnings per share Year ended Year ended

31.03.2010 31.03.2009

(a) Basic earnings per share

Profit after tax 3769392.27 5355701.23

No. of equity shares 6084000 6084000

Face value per share 5 5

Earnings per share 0.62 0.89

(b) There are no potential dilutive equity shares as defined in AS-20 earings per share issued by ICAI.

AS-22 - Accounting for Taxation on Income

Deferred tax is recognised on timing differences, being the difference between taxable income and

accounting income that originate in one period and are capable of reversing in one or more subsequent periods.Deferred tax is calculated at the tax rates enacted or substantively enacted by the Balance sheet date.

IV. Based on the records and available information with the company the following are the dues to SmallScale Industrial Undertakings exceeding Rs. 1 Lakhs and are outstanding for more than 30 days as on31.03.10 — NIL

VI. Previous years figures have been regrouped wherever necessary to confirm this years classifiation.

VII. Schedule ‘A’ to ‘ S ‘ and Notes forming part of accounts form an integral part of the Financial Statements.

The schedules referred to above form an integral part of the Balance Sheet.

As per our Report attached hereto For and on behalf of the Boardfor RAMADOSS & ASSOCIATES., IYKOT HITECH TOOLROOM LTD.Chartered Accountants


25


PART - IV SCHEDULE VI OF THE COMPANIES ACT, 1956

BALANCE SHEET ABSTRACT AND COMPANY’S GENERAL BUSINESS PROFILE

1. Registration DetailsRegistration No. 21330 of 1991 State Code 18Balance Sheet Date 31.03.2010

2. Capital raised during the year (Amount in thousands)Public Issue NILRights Issue NILBonus issue NILPrivate Placement NIL

3. Position of mobilisation of funds and Deployment of funds (Amount in thousands)Total Liabilities 43777.29Total Assets 43777.29Sources of fundsPaid up Capital 30420.00Reserves & Surplus NilSecured Loans 2022.60Unsecured Loans 6545.60

Application of fundsNet fixed assets 9278.80Net Current assets 15344.03Accumulated losses 14338.12

Performance of the Company (Amount in thousands)Turnover (including other income) 53538.57Total Expenditure 49096.98Profit before tax 4441.59Profit after tax 3769.39Earnings per share 0.62Dividend rate (%) Nil

Generic names of the Three Principal Products/ Services of companyProduct I.T.C CodeDescription Item Code

1 Moulds & Dies 8480712 Jigs & Fixtures 820740.13 Press Tools 820730

The schedules referred to above form an integral part of the Balance Sheet.



26


CASH FLOW STATEMENT FOR THE YEAR ENDED MARCH 31, 2010[Pursuant to Clause 32 of the Listing Agreement]

PARTICULARS Year ended Year endedMarch 31, 2010 March 31, 2009

Rs. P. Rs. P.

A. CASH FLOW FROM OPERATING ACTIVITIESNet Profit before tax & Extra ordinary items 4441592.27 5987365.23Adjustments for :Depreciation 1579247.00 1549473.00Bad debts written off 2200.00Miscellaneous Income -463721.00Interest Paid 775110.07Gain on sale of fixed assets (Net) -257121.00 2097236.07 1087952.00

Operating Profit before Working Capital Changes 6538828.34 7075317.23Adjustments for (Increase)/ Decrease in WorkingCapital itemsTrade & Other receivables 5094093.95 -11072866.23Inventories -3792608.00 3860224.00Trade Payables & Other Provisions -931952.75 369533.20 3086157.03 -4126485.20Net cash generated from operating activities A 6908361.54 2948832.03

B. CASH FLOW FROM INVESTING ACTIVITIESPurchase of fixed assets -3967901.00 -85203.00Sale of fixed Assets/ Cenvat credits availed 2095000.00 0.00

Net cash used in Investing activities B -1872901.00 -85203.00

C. CASH FLOW FROM FINANCING ACTIVITIESProceeds from Long term borrowings -4367660.89 -1414086.83Interest paid -775110.07Nett cash used in Financing Activities C -5142770.96 -1414086.83

Nett Increase/ Decrease in cash and cash equivalent Activities A+B+C -107310.42 1449542.20

Add :Opening Balance-Cash and cash Equivalent 150754.91 1600297.11

Closing Balance -Cash and Cash Equivalent 43444.49 150754.91



IYKOT HITECH TOOLROOM LIMITEDRegd. Office : No. 19, Block - 1, Sidco Electronics Complex, Guindy, Chennai - 600 032.

ATTENDANCE SLIP (2009 - 10)

PLEASE COMPLETE THIS ATTENDANCE SLIP AND HAND IT OVER AT THEENTRANCE OF THE MEETING HALL. ONLY MEMBERS OR THEIR PROXIES AREENTITLED TO BE PRESENT AT THE MEETING.

I/We hereby record my presence at the NINETEENTH ANNUAL GENERAL MEETING, held atHOTEL PALMGROVE, 13, KODAMBAKKAM HIGH ROAD, CHENNAI - 600 034 onWednesday, the 29th September 2010 at 3.30 P.M.

Folio No Full Name of the Shareholder(in Block Letters)

Signature

Full Name of the Proxy(in Block Letters)

Signature

………………………………………… cut here ………………………………………………………

IYKOT HITECH TOOLROOM LIMITEDRegd. Office : No. 19, Block - I, Sidco Electronics Complex, Guindy, Chennai 600 032.

I/We _____________________________________________________________________

of _______________________________________________________________________Being a member / members of Iykot Hitech Toolroom Limited, hereby appoint_________________________._____________________________________________ofas my / our proxy to attended and vote for me / us on my / our behalf at the NINETEENTHANNUAL GENERAL MEETING of the company to held at HOTEL PALMGROVE,13, KODAMBAKKAM HIGH ROAD, CHENNAI - 600 034 on Wednesday, the 29th September2010 at 3.30 P.M.

Signed this _______________________day of ___________________ 2010.

Signature ___________________________________

Notes :

a) The Proxy must be deposited at the Registered Office at No. 19, Block - I, Sidco ElectronicsComplex, Guindy, Chennai 600 032, not less than 48 hours before the time for holdingthe meeting.

b) Persons attending the Annual General Meeting are requested to bring their copies of AnnualReport.

Reg.Folio No.Revenue

Stamp Rs.1

Book-Post

If undelivered please return to :IYKOT HITECH TOOLROOM LIMITEDRegd. Office : No. 19, Block - 1,Sidco Electronics Complex,Guindy, Chennai - 600 032.

BRS PRRINTS, Chennai - 14Mobile : 98841 02570

Documents

AUDITORS REGISTRAR & SHARE TRANSFER AGENT CONTENTS …€¦ · PROF. ROOSHIKUMAR PANDYA Director THIRU. A. PARAMASIVAM Director Dr. S. RAJAPANDIAN Director THIRU. M.S. KRISHNAN Director