Automatically generated PDF from existing images. at SCF 725, Indra Market, Jalalabad West, Jalalabad, Distt. Ferozepur (Pb.) to transact the following business: ORDINARY BUSINESS

Date : 30-09-2014

Day : Tuesday

Time : 9-00 a.m.

Venue : Registered Office of the Co.SCF 725, Indra Market,Jalalabad West,Distt. Ferozepur (Pb.).

22nd ANNUAL GENERAL MEETING

1111

STATUTORY AUDITORS

N. KUMAR & CO.Chartered AccountantsSCF 14, 1st Floor, Opp. GulmoharComplex, Chandigarh-Kharar Road,Kharar, Punjab.

COMPANY SECRETARY(In Practice)

M/s. M. R. Chechi & AssociatesS.C.O. 2937-38, Sector 22-B,Chandigarh.REGISTERED & CO

BOARD OF DIRECTORS

Mr. RANA WATTSManaging Director

Mr. DEEPAK KUMARDirector

Mr. RAKESH KUMARDirector

Mr. AMIT KUMARDirector

DR. CHANDRA PARKASHDirector

CONTENTSNotice of AGM ----------------------------------- 02

Directors’ Report -------------------------------- 09

Corporate Governance & ------------------- 13Shareholder information

Management Discussions & Analysis ----- 20

Consolidated Balance Sheet ---------------- 23

Standalone AccountsAuditor’s Report --------------------------------- 26

Balance Sheet ----------------------------------- 30

Profit and Loss Accounts ------------------ 31

Notes to Accounts ----------------------------- 43

Cash Flow Statement ------------------------- 47

Balance Sheet of Subsidiary Co. ------- 49

REGISTERED OFFICE

SCF 725, Indra Market, Jalalabad West,

Distt. Ferozepur (Pb.)-152024

BANKERS

PUNJAB & SIND BANKPhase-V, S.A.S. Nagar, MohaliDistt. Mohali (Punjab)

Beckons Industries Limited

CORPORATE INFORMATION


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NOTICE

Notice is hereby given that the 22nd Annual General Meeting of the members of Beckons IndustriesLimited will be held on Tuesday, the 30thSeptember, 2014 at 9:00 A.M. at the Registered Office of theCompany at SCF 725, Indra Market, Jalalabad West, Jalalabad, Distt. Ferozepur (Pb.) to transact thefollowing business:

ORDINARY BUSINESS

1. To receive, consider and adopt the Audited Balance Sheet as at 31st March, 2014 and the Profit &Loss Account for the period ended on that date and the receipts of Director’s and Auditor’s thereon.

2. To appoint a director in place of Deepak Kumar (DIN: 03066329) who retires by rotation and beingeligible, offers himself for re-appointment.

3. To appoint a Director in place of Sh. Rana Watts (DIN: 03066247), Managing Director of the Companywho retires by rotation and being eligible offers himself for the reappointment.

4. To appoint the statutory Auditors and fix their remuneration.

To consider and if thought fit, to pass, with or without modification, the following resolution as anOrdinary Resolution.

RESOLVED that pursuant to Section 139 (2) and Section 142(1) and other applicable provisions ofthe Companies Act, 2013 and rules made thereunder (including any statutory modification(s) orre-enactment thereof for the time being in force), M/s. N. Kumar & Company, Chartered Accountantshaving office at SCF 14, 1st Floor, Opp. Gulmohar Complex, Chandigarh-KhararRoad, Kharar, Punjab,be and are hereby re-appointed as the Statutory Auditors of the Company for three years i.e fromconclusion of this Annual General Meeting till the conclusion of the 25th Annual General meeting(subject to ratification of their appointment at every Annual general Meeting).

RESOLVED further that the Board of Directors of the Company be and are hereby authorized to fixthe remuneration plus all out of pocket expenses payable to M/s. N. Kumar & Company, CharteredAccountants for auditing the accounts of the Company.

SPECIAL BUSINESS

5. To appoint Smt Rani Mondal as a Director of the Company, at Annual General Meeting and in thisregard to consider and if thought fit, to pass, with or without modification(s), the following resolutionas an Ordinary Resolution:“RESOLVED THAT Smt Rani Mondal, in respect of which the Company has received a notice inwriting proposing her candidature for the office of Director, be and is hereby appointed as a Directorof the Company.

6. To appoint Mr Amit Kumar as an Independent Director and in this regard to consider and if thoughtfit, to pass , with or without modification(s), the following resolution as an Ordinary Resolution:“RESOLVED THAT pursuant to the provisions of Section 149, 152 read with Schedule IV and allother applicable provisions of the Companies act, 2013 and the Companies (Appointment andqualification of Directors) Rules, 2014 (including any statutory modification(s) or re-enactmentthereof, for the time being in force) and Clause 49 of the Listing agreement, Mr. Amit Kumar (DIN03637700), Director of the Company be and is hereby appointed as an Independent Director ofthe Company to hold office for a term of 5 (five) consecutive years commencing from 30 th

September, 2014”.


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7. To appoint Mr Rakesh Kumar as an Independent Director and in this regard to consider and ifthought fit, to pass , with or without modification(s), the following resolution as an OrdinaryResolution:

“RESOLVED THAT pursuant to the provisions of Section 149, 152 read with Schedule IV and allother applicable provisions of the Companies act, 2013 and the Companies (Appointment andqualification of Directors) Rules, 2014 (including any statutory modification(s) or re-enactmentthereof, for the time being in force) and Clause 49 of the Listing agreement, Mr.Rakesh Kumar (DIN03193074), Director of the Company be and is hereby appointed as an Independent Director of theCompany to hold office for a term of 3 (three) consecutive years commencing from 30th September,2014”.

8. To consider and if thought fit, to pass, with or without modification(s), the following resolution asa Special Resolution:

“RESOLVED THAT pursuant to Section 180(1)(c) and all other enabling provisions of theCompanies Act, 2013, or any other law for the time being in force (including any statutorymodification or amendment thereto or reenactment thereof for the time being in force) and interms of Articles of Association of the Company, the consent of the Company be and is herebyaccorded to the Board of Directors of the Company (hereinafter referred to as “the Board”) forborrowing from time to time any sum or sums of moneys on such terms and conditions and withor without security as the Board of Directors may deem fit which, together with the moneys alreadyborrowed by the Company (apart from temporary loans obtained from the Company’s bankers inthe ordinary course of business) may exceed the aggregate for the time being of the paid upcapital of the company and its free reserves, that is to say reserves not set apart for any specificpurpose, provided that the total amount of money/ moneys so borrowed shall not exceed Rs.100crore (Rupees Hundred Crores Only).

“RESOLVED FURTHER THAT the Board or any of its duly constituted committee be and is herebyauthorised to do and perform all such acts, deeds and things and to take all steps as may beconsidered necessary, proper and expedient to carry on the purpose of this resolution.”

9. To consider and, if thought fit, to pass with or without modification, the following Resolution as aSpecial Resolution:

“RESOLVED THAT pursuant to the provisions of section 180(1)(a) and all other applicableprovisions if any of the Companies Act, 2013 or any other law for the time being in force (includingany statutory modification or amendment thereto or re-enactment thereof) and in terms of Articlesof Association of the Company, the consent of the members be and is hereby accorded to theBoard of Directors of the Company (hereinafter “the Board”) for mortgaging / charging all or any ofthe immovable and movable properties of the Company both present and future and the whole orsubstantially the whole of the undertaking or the undertakings of the Company on such terms andconditions, as may be agreed to between the Board and Lender(s) to secure the loans /borrowingsobtained or as may be obtained, which may exceed the paid-up capital and free reserves in theordinary course of business but not exceeding 100.00 Crores (Rupees Hundred Crores only) atany point of time.”

“RESOLVED FURTHER THAT for the purpose of giving effect to the above resolution, the Board orany of its duly constituted committee be and is hereby authorized to do all such acts, deeds andthings as it may in its absolute discretion may deem fit, necessary, proper or desirable and tosettle any question, difficulty, doubt that may arise in respect of the charge/mortgage aforesaidand further to do all such acts, deeds and things and to execute all documents and writings asmay be necessary, proper, desirable or expedient to give effect to this resolution.”


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NOTES:

1. A member entitled to attend and vote at the Annual General Meeting (the “Meeting”) is entitled toappoint a proxy to attend and vote on a poll instead of him and the proxy need not be a member ofthe Company. The instrument appointing the proxy should, however, be deposited at the registeredoffice of the Company not less than forty-eight hours before the commencement of the Meeting.

A person can act as a proxy on behalf of members not exceeding fifty and holding the aggregate notmore than ten per cent of the total share capital of the Company carrying voting rights. A memberholding more than ten per cent of the total share capital of the Company carrying voting rights mayappoint a single person as proxy and such person shall not act as a proxy for any other person orshareholder.

2. Corporate members intending to send their authorised representatives to attend the Meeting arerequested to send to the Company a certified copy of the Board Resolution authorising theirrepresentative to attend and vote on their behalf at the Meeting.

3. A Statement pursuant to Section 102(1) of the Companies Act, 2013, relating to the Special Businessto be transacted at the Meeting is annexed hereto.

4. Members are requested to bring their attendance slip along with their copy of Annual Report to theMeeting.

5. In case of joint holders attending the Meeting, only such joint holder who is higher in the order ofnames will be entitled to vote.

6. The members desirous of obtaining any information concerning the accounts and the operationsof the company are requested to send their queries to the company at least seven days before thedate of meeting so as to enable the company ro make the desired information available at themeeting.

7. All documents referred to in the accompanying Notice are open for inspection at the registeredoffice of the Company on all working days from Monday to Friday between 11 a.m to 2 p.m upto thedate of AGM.

8. The company has notified closure of Register of Members and Share Transfer Books from 10 th

September, 2014 to 16th September, 2014 (both days inclusive) for determining the names ofmembers eligible for dividend on Equity Shares, if declared at the Meeting.

9. All requests for transfer/ demat of Equity Shares and allied matters alongwith relevant transferdeeds and share certificates should preferably sent to the Company’s Registrar, namely ‘SkylineFinancial services Pvt. Ltd.

10. Members who hold the shares in dematerialized form are requested to bring their Client ID and DPID for easier identification of attendance at the AGM.

11. Members are requested to immediately notify the R & T Agent (DP, in case of shares held indematerialised form) of any change in their address.

12. Members are requested to submit Nomination forms duly filed with R & T Agent in case of holdingof shares in physical form and with their respective DPs, in case of shares held in dematerialisedform. The Nomination Form is available with R & T Agent of the Company.

13. Queries on accounts and operations of the Company, if any, should be sent to the Company at leastseven days before the date of Annual General Meeting so that answers may be made readilyavailable at the meeting.

14. The Securities and Exchange Board of India (SEBI) has mandated the submission of PermanentAccount Number (PAN) by every participant in securities market. Members holding shares inelectronic form are, therefore, requested to submit the PAN to their Depository Participants withwhom they are maintaining their demat accounts. Members holding shares in physical form cansubmit their PAN details to the Company/ Registrars and Transfer Agents, M/s Skyline FinancialServices Ltd.

15. Ministry of Corporate Affairs vide Circular No. 17/95/2011 CL-V has taken a green initiative in theCorporate Governance and clarified that service of documents (Notices, Annual Reports etc.) tomembers through electronic mode is in compliance with the relevant provision of the CompaniesAct, 2013. The Company is concerned about environment and utilizes natural resources in asustainable way. Members are requested to register their email address, through writtenapplication, with Company’s Registrar and Transfer Agents to enable the company to send notices,annual reports and other communication via email.

16. In terms of the provisions of Section 108 of the Companies Act, 2013, read with Rule 20 of theCompanies (Management and Administration) Rules, 2014 and Clause 35B of the ListingAgreement, the Company is pleased to offer e-voting facility as an alternate to all its Members toenable them to exercise their right to vote by electronic means. For this purpose, the Company hasentered into an agreement with National Securities Depository Limited (“NSDL”) for providinge-voting facility to enable the shareholders to cast their votes electronically.

The instructions for e voting through electronic means are as under:

A. In case Member receives an email from NSDL [ for members whose email IDs are registered withthe Company/ R&T Agent.]

1. Open the attached PDF file “e-Votingbeckons.pdf” giving your Client ID (in case you are holdingshares in demat mode) or Folio No. (in case you are holding shares in physical mode) as password,which contains your “User ID” and “Password for e-voting”. Please note that the password is aninitial password.

2. Open internet browser by typing the URL https://www.evoting.nsdl.com/

3. Click on “Shareholder - Login”.

4. Put User ID and password as initial password noted in step (1) above and Click Login.

5. Password Change Menu appears. Change the password with new password of your choice withminimum 8 digits/characters or combination thereof. Please take utmost care to keep your PasswordConfidential.

6. Home page of “e-Voting” opens. Click on e-Voting>Active Voting Cycles.

7. Select “EVEN” of (Beckons Industries Limited).Note: e-Voting shall not be allowed beyond said time.

8. Now you are ready for “e-Voting” as “Cast Vote” page opens.

9. Cast your vote by selecting appropriate option and click on “Submit” and also “Confirm”, whenprompted.

10. Upon confirmation, the message ‘Vote cast successfully’ will be displayed. Please note that onceyour vote ios cat on selected resolution, it can’t be modified.


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11. Institutional shareholders (i.e., other than Individuals, HUF, NRI etc.) are also required to send scanned copy (PDF/JPG Format) of the relevant Board Resolution/Authority Letter etc. together withattested specimen signature of the duly authorized signatory(ies) who are authorized to vote, to the Scrutinizer through e-mail with a copy marked to [email protected].

Please note that: Login to e-voting website will be disabled upon five unsuccessful attempts to key-in the correct

password. In such an event, you will need to go through ‘Forgot Password’ option available on thesite to reset the same.

Your login id and password can be used by you exclusively for e-voting on the resolutions placed bythe companies in which you are the shareholder.

It is strongly recommended not to share your password with any other person and take utmost careto keep it confidential.

Please note that if you have opened 3-in-1 account with ICICI Group i.e. bank account and demataccount with ICICI Bank Limited and trading account with ICICI Securities Limited, you can accesse-Voting website of NSDL through their website viz.; www.icicidirect.com for the purpose of castingyour votes electronically by using your existing user ID and password used for accessing thewebsite www.icicidirect.com. Please note that in case you are not able to login through the ICICIdirect website, you can also access the e-Voting system of NSDL by using your existing user ID andpassword for the evoting system of NSDL.

B. In case member receives physical copy of the Notice of AGM[ for members whose email IDs arenot registered with the Company/ R&T Agent or requesting physical copy.]

1. Initial password will be provided separately. EVEN (E-Voting Event Number) USER ID PASSWORD/PIN

2. Please follow all steps from Sr. No. (2) to (11) above, to cast vote.In case of any queries, you may refer to the Frequently Asked Questions (FAQs) for members ande-voting user manual for members available at the Downloads sections of https://www.evoting.nsdl.com or contact NSDL at the following Telephone No.: 022-2499 4600.

If you are already registered with NSDL for e voting, then you can use your existing User Id andpassword for casting your vote.

You can also update your mobile number and email ID in the user profile details of the Folio, whichmay be used for sending future communications.

The voting rights of members shall be in proportion to their shares of the paid up equity sharecapital of the Company as on the Cut of date.

The e voting period commences on 25/09/2014 (9:00am) and ends on 26/09/2014(6:00pm).During this period members of the Company holding shares either in physical form or indematerialized form, as on the cut off date of 22/08/2014, may cast vote electronically. The evotingmodule shall be disabled by NSDL for voting thereafter. Once the vote on a resolution is cast by themember shall not be allowed to change it subsequently.

Ms Meena Rohilla, Company Secretary in Practice, Chandigarh, (M.No. A23330 CP No. 9363)has been appointed as the Scrutinizer for the e voting process in a fair and transparent manner.

The results declared alongwith the Scrutinizer’s Report shall be placed on the Company’s websitewww.beckons.org and on the website of NSDL www.nsdl.co.in within three(3) days of passing ofthe resolutions at the Annual General Meeting of the Company on 30 th September, 2014 andcommunicated to the Stock Exchanges viz. BSE Limited.


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For members who wish to vote through ballot Forms The Ballot Form is provided for the benefit of Members, who do not have access to e voting facility. Pursuant to Clause 35B of the Listing Agreement, members who do not have access to e voting

facility, may exercise their right to vote on business to be transacted at the Annual General Meetingof the Company by submitting the Ballot Form enclosed to this notice.

Members may fill in the Ballot Form enclosed with the Notice (no other form or photocopy of theform will be accepted) and send the same in a sealed envelope addressed to the Scrutinizer, vizMeena Rohilla, Practicing Company Secretary, M.R. CHECHI & ASSOCIATES, SCO: 23-25, IIndFloor Backside Entry, Sec-34A, Chandigarh, India, so as to reach by 6 pm on 26/09/2014. The BallotForm received thereafter will be strictly treated as not received.

A member can opt for only one mode of voting i.e. either through e voting or by ballot. If amember casts votes by both methods, then voting done through e voting shall prevail and theBallot Forms shall be treated as invalid.

Please follow the instructions as mentioned in the Ballot Form. The results declared along with the Scrutinizer Report shall be placed on the Company’s website

www.beckons.org and on the website of NSDL www.nsdl.co.in within three(3) days of passing ofthe resolutions at the Annual General Meeting of the Company on 30 th September, 2014 andcommunicated to the Stock Exchanges viz. BSE Limited.

ANNEXURE TO THE NOTICE

EXPLANATORY STATEMENT PURSUANT TO SECTION 102 OF THE COMPANIES ACT, 2013 AND CLAUSE49 OF THE LISTING AGREEMENTItem No. 5As per the provisions of Section 149(1) of the Act and amended Clause 49 of the Listing Agreement, theCompany should have at least one woman Director.

Keeping in view the above legal requirement and in defence to Company’s Shareholders’ wishes, theBoard of Directors have proposed that Smt. Rani Mondal be appointed as a Director of the Company.

The Company has received a recommendation proposing the candidature of Smt. Rani Mondal for theoffice of Director of the Company. Smt. Rani Mondal is not disqualified from being appointed as aDirector in terms of Section 164 of the Act and has given her consent to act as a Director. She is not aDirector in any other Company.

Item No. 6Pursuant to the provisions of Section 149(including other applicable provisions if any) of the CompaniesAct, 2013 and rules made there under, Amit Kumar is proposed to be appointed as an IndependentDirector for a term of five consecutive years upto 29th September, 2019.

The Company has received a recommendation proposing the candidature of Amit Kumar for the officeof Director of the Company.

He is not holding Directorship in any other Company.

He is not disqualified from being appointed as a Director in terms of Section 164 of the Companies Act,2013 and has given his consent to act as a Director.

The Company has also received declaration from Amit Kumar that he meets with the criteria ofindependence as prescribed under sub section (6) of Section 149 of the Companies Act, 2013 andrules made thereunder.

The Board is of the opinion that Amit Kumar fulfils the conditions specified in the said Act and the rulesmade thereunder and also possess appropriate balance of skills, experience and knowledge so as toenable the Board to discharge its functions and duties effectively and he is independent of themanagement.


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The Board considers that his continued association would be of immense benefit to the Company andit is desirable to continue to avail services of Amit Kumar as an Independent Director.

Except Amit Kumar, none of the Directors or Key Managerial Personnel of the Company or their relativesis concerned or interested, financially or otherwise in this resolution.

The Board recommends resolution set out in item No. 6 of the notice for approval of members.

Item No. 7

Pursuant to the provisions of Section 149(including other applicable provisions if any) of the CompaniesAct, 2013 and rules made there under, Rakesh Kumar is proposed to be appointed as an IndependentDirector for a term of five consecutive years upto 29th September, 2019.

The Company has received a recommendation proposing the candidature of Rakesh Kumar for theoffice of Director of the Company.

He is not holding Directorship in any other Company.

He is not disqualified from being appointed as a Director in terms of Section 164 of the Companies Act,2013 and has given his consent to act as a Director.

The Company has also received declaration from Rakesh Kumar that he meets with the criteria ofindependence as prescribed under sub section (6) of Section 149 of the Companies Act, 2013 andrules made thereunder.

The Board is of the opinion that Rakesh Kumar fulfils the conditions specified in the said Act and therules made thereunder and also possess appropriate balance of skills, experience and knowledge soas to enable the Board to discharge its functions and duties effectively and he is independent of themanagement.

The Board considers that his continued association would be of immense benefit to the Company andit is desirable to continue to avail services of Rakesh Kumar as an Independent Director.

Except Rakesh Kumar, none of the Directors or Key Managerial Personnel of the Company or theirrelatives is concerned or interested, financially or otherwise in this resolution.

The Board recommends resolution set out in item No. 7 of the notice for approval of members.

Item No. 8 & 9

Looking into requirements of the business activities carried by the Company, it may require additionalfunds. Hence, the Board of directors of the Company should be authorized to borrow moneys fromBanks, Financial Institutions and any other sources. The Company also requires to give securities fordue repayment of loan amount and interest thereon to the Banks & institutions as per their stipulatedterms and conditions with right to take possession of the assets in the event of default, if any. In termsof provisions of section 180(1)(a) of the Companies Act, 2013 it is required to provide necessary powersto the Board to sell, lease, mortgage, and/or otherwise dispose off the whole or substantially the wholeof the undertaking(s). This in turn would necessitate further creation of securities by suitable mortgagesand / or charges on all or some of the immovable and movable properties of the Company, both presentand future, in favour of the lenders / trustees up to an extent of Rs.100 Crores. To create mortgage and/ or charge up to the said limit, approval of the Members is required to be obtained pursuant to Section180 (1) (a) of the Companies Act, 2013 authorizing the Board of Directors of the Company in this regard.Hence the said resolutions are placed before the Members for their approval.

The Directors recommend the Resolution in the best interest of the Company for your approval.

None of the Directors or Key Managerial Person of the Company or their relatives is deemed to beconcerned or interested in the aforesaid Resolution.


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DIRECTORS’ REPORTTo The MembersYour Directors are glad to present the 22nd Annual Report together with the Audited Financial Statementsof the Company for the year ended March 31, 2014.FINANCIAL HIGHLIGHTS

(Rs. in lacs)PARTICULARS COMPANY CONSOLIDATED

31.03.2014 31.03.2013 31.03.2014 31.03.2013

Gross Income 103.60 451.76 103.60 1159.00Total Expenditure 163.46 530.53 163.46 1237.78Depreciation 12.04 13.09 12.04 13.09Net Profit/(Loss) before taxes (71.90) (91.86) (71.90) (91.87)Add Deferment tax liability 4.18 (14.75) 4.18 (14.75)Provision for Income Tax - - - -Net Profit/(Loss) after tax. (67.72) (106.61) (67.72) (106.62)

REVIEW OF BUSINESS OPERATIONSDuring the financial year under review, the company faced tough competition in marketing its products.The printing and stationary business being traditional could not even generate the revenue for meetingits operation/ running costs had to be closed but continuing with the trading and supply of the stationeryto some of the existing customers to recover the previous payments.

The statics given above shows that the company’s total turnover and other income is Rs. 103.60 lacsagainst an expenditure of Rs. 175.50 lacs. Due to the above factor there has been a total loss amountingRs 67.72 lacs as per Balance Sheet.

FUTURE PROSPECTSAs required under the Corporate Governance, the Management Discussion and Analysis, forming partof this report, reflects the current status of affairs of the business.

NATURE OF BUSINESSThere has been no change in the nature of business of the company during the year.

SEGMENT REPORTINGPursuant to the requirement of Accounting Standard 17 issued by the Institute of Chartered Accountantsof India is reported that besides, trading of Computer paper. The company had developed the technologyMicro Algae for Fuel, Feed & Mitigation of Fuel gases and looking for the suitable manufacturer for thetransfer of the technology on commercial basis. The company is engaged in trading business throughits subsidiary company in UAE.

SHARE CAPITALThe Authorised Share Capital of the company consists of Rs. 80,00,00,000/- divided into 8,00,00,000equity shares of Rs. 10/- each. The Issued, Subscribed & Paid up Capital is Rs. 78,44,90,950/- dividedinto 7,84,49,095 equity shares of Rs. 10/- each.

CORPORATE GOVERNANCEA separate section on Corporate Governance forming part of the Director’s Report and the certificatefrom the Practising Company Secretary confirming compliance of Corporate Governance norms asstipulated in Clause 49 of the Listing Agreement with the Indian Stock Exchanges is included in theAnnual Report as Annexure- A.


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DIRECTORS

In terms of the Articles of the Association of the Company, Mr.Deepak Kumar retires by rotation at theensuing Annual General Meeting and he being eligible offered himself for the Re-appointment.

In terms of the Articles of the Association of the Company, Mr.Rana Watts retires by rotation at theensuing Annual General Meeting and he being eligible offered himself for the Re-appointment.

The Board appointed Mrs Rani Mondal as a woman director pursuant to the provisions of Section149(1) of the Companies act, 2013 and Clause 49of the Listing agreement .The Company has receivedrequisite notice in writing proposing Mrs Rani Mondal as a Woman director.

The Company has received declarations from all the Independent Directors of the Company confirmingthat they meet with the Criteria of Independence as prescribed both under Sub section (6) of Section149 of the Companies act, 2013 and under Clause 49 of the listing Agreement with the Stock Exchanges.

DIRECTOR’S RESPONSIBILITY STATEMENT

Pursuant to the provisions of sub section (2AA) of section 217 of the Companies Act, the directorsconfirm that:

i. In the preparation of annual accounts, the applicable accounting standards have been followedalong with proper explanation relating to material departures.

ii. The Directors have selected such accounting policies and applied them consistently and madejudgements and estimates that are reasonable and prudent so as to give a true and fair view of thestate of affairs of the Company at the end of the financial year and of the profit or loss of theCompany for that period.

iii. The Directors have taken proper and sufficient care for the maintenance of adequate accountingrecords in accordance with the provisions of this Act for safeguarding the assets of the Companyand for preventing and detecting fraud and other irregularities.

iv. The annual accounts have been prepared on a going concern basis.

v. Initiatives taken by the Company

The company could reach at the pre commercial stage for its already developed algae technologyand it is expected that with the collaboration of financial partner or bank funding support, the projectin hand could take off with little although late but in near future. Once the basic bottlenecks areremoved.

The Company is also exploring various opportunities and alternatives for business arrangementwith other companies for growth of the Company including by way of mergers and takeovers.

The initial promoters of the company retired from active management after company obtainedshareholders consent through special resolution on 07.03.2011. Thereafter a court case was filedby existing management, who alleged there in that outgoing directors/ promoters are stillrepresenting themselves as promoters and are interfering in the management of the company inspite of the undertaking given by new management to take full responsibilities of all past, presentand future liabilities of the company.The honourable Court of, Civil Judge (Sr. Division), SAS Nagar(Mohali), passed the orders on 31.05.2013 there by restricting permanently the previousmanagement from interfering in day to day business affairs of the company as well from representingthemselves as the promoters of the company.

DIVIDENDIn the wake of loss, your Board of Director’s did not recommend the payment of Dividend for the financialyear ended 31st march, 2014.

DEPOSITSThe company has not accepted any deposits from public during the year under review.


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LISTINGThe Shares of the company are listed at “Bombay Stock Exchange (BSE)” Mumbai. The listing fee to thestock exchanges has regularly been paid by the Company.HOLDING/ SUBSIDIARY COMPANY RELATIONSHIP

For the purpose of undertaking the overseas business activities, the company floated a subsidiary inUAE in the name “BECKONS TRADING FZE” in the financial year 2009-10. The operation of the subsidiaryhas been wounded up whereas financials of subsidiary for the year 2013-14 are as under:

(Rs. in lacs)PARTICULARS 31.03.14 31.03.13

Gross Income 0.00 707.24Total Expenditure 0.00 707.25Net Profit 0.00 (0.01)

FINANCIAL STATEMENT

As required under the listing agreement with the Stock Exchanges, Consolidated Financial Statementsof the Company is attached. In accordance with the Statement of Accounting Standard on ConsolidatedFinancial Statements (AS 21)and the Accounting Standard on Accounting for Investment in Associates(AS 23) and issued by the Institute of Chartered Accountants of India, the subsidiaries, have beenconsidered in the Consolidated Financial Statements of the Company.

INDUSTRIAL RELATIONS

The Company maintained healthy, cordial and harmonious industrial relations at all levels. Theenthusiasm and unstinting efforts of employees have enabled the Company to improve its position.

CASH FLOW STATEMENT

As required under clause 32 of the Listing Agreement, a cash flow statement is appended.

PARTICULARS OF THE EMPLOYEES

The Company had no employee during the year, whose particulars are required to be disclosed underSection 217(2A) of the Companies Act, 1956 , read with the Companies (Particulars of Employees)Rules 1975 amended from time to time.

NOTE ON ACCOUNTS

The observations of the auditors and notes on accounts are self-explanatory. The Company hascomplied with the provisions of all accounting standards which are applicable as on date.

AUDITORS

M/s. N. Kumar & Company, Chartered Accountants, the Statutory Auditors of the Company, holds office tillthe conclusion of the 27th Annual General Meeting (subject to the ratification at every Annual generalMeeting) .

The Company has received letter from them to the effect that their re-appointment, if made, would bewithin the prescribed limits under Section 141(3) (g) of the Companies Act, 2013 and that they are notdisqualified for re-appointment.

The Board recommends the appointment of M/s. N. Kumar & Company, Chartered Accountants as theStatutory Auditors of the Company for the year 2014-15, 2015-16, 2016-17, 2017-18, and 2018-19.

PARTICULARS OF CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGEEARNINGS AND OUT GO.a) CONSERVATION OF ENERGYi. Staggered Lighting System i.e. separate switches for separate sections are provided so that only

required areas are lighted.ii. Conventional Lighting Equipment is being replaced by Energy Saving Devices in a phased manner.

b) TECHNOLOGY ABSORPTION, ADOPTION AND INNOVATIONThe Company has been involved in material cost reduction, improving the quality of products. Thewastage has been completely controlled by making of the general stationery items and addingrolls from left-over paper.

c) FOREIGN EXCHANGE EARNINGS & OUT GONo information is required under this head.

ACKNOWLEDGEMENTThe Directors wish to convey their appreciation to all of the Company’s employees for their enormousefforts and contribution to the Company’s record performance. The Directors would also like to thankthe shareholders, customers, dealers, suppliers, bankers and all other business associates for thecontinuous support given by them to the Company and their confidence in its management.


12

ANNEXURE IFORM A

DISCLOSURE OF PARTICULARS WITH RESPECT TO CONSERVATION OF ENERGYA. POWER AND FUEL CONSUMPTION

Current Year Previous Year1. ELECTRICITY(A) Purchased

Units (No. In lacs) 0.48 0.25

Total Amount (Rs in Lacs) 3.36 1.55

Rate/Unit (Rs) 7.00 6.30

(B) Own Generation(i) Through Diesel Generator

Units (No. In lacs) NIL NIL

Total Amount (Rs in Lacs) NIL NILRate/Unit (Rs) NIL NIL

(ii) Through steam Tribune/generatorUnits (No. In lacs) NIL NILTotal Amount (Rs in Lacs) NIL NILRate/Unit (Rs) NIL NIL

2. COAL NIL NIL3. FURNANCE OIL/ L.D.O. NIL NIL4. OTHERS NIL NIL

B. CONSUMPTION PER MT. OF PRODUCTION:Electricity (No.) 0.09 0.14Furnance Oil (Lt) NIL NILCoal NIL NILOthers NIL NIL


REPORT ON CORPORATE GOVERNANCE

Company’s Philosophy on code of Governance

The Company recognizes the importance of good Corporate Governance, which is a tool for buildingstrong and everlasting beneficial relationship with the customers, suppliers, bankers and moreimportantly with the investors.

The Company believes that its key decisions must serve the underlying goals of enhancingshareholder’s value over a sustained period of time, and achieving the definite and measureableperformance targets.

(1) Board of Directors

The Board of Directors along with its Committees provide leadership and guidance to the Company’smanagement and directs, supervises and controls the performance of the Company. The Board currentlycomprises of 04 Directors out of which Two Directors are Independent Directors. All the IndependentDirectors have confirmed that they meet the ‘independence’ criteria as mentioned under clause 49 ofthe Listing Agreement.

None of the Directors of the Company’s Board is a member of more than ten committees and Chairmanof more than five committees across all the companies in which he is a Director. All the directors havemade necessary disclosures regarding Committee positions held by them in other companies and donot hold the office of Director in more than fifteen public companies. None of the Directors of theCompany is related to each other.

(2) Selection of Independent Directors

Considering the requirement of skill sets on the Board, eminent people having an independent standingin their respective fields/ profession, and who can effectively contribute to the Company’s business andpolicy decisions are considered by the Remuneration Committee, for appointment, as independentDirectors on the Board. The Committee, inter alia, considers qualification, positive attributes, area ofexpertise and number of Directorships and Memberships held in various Committees of otherCompanies by such persons. The Board considers the Committee’s recommendation, and takesappropriate decision.

Every Independent Director, at the first meeting of the Board in which he participates as a Director andthereafter at the first meeting of the Board in every financial year, gives a declaration that he meets thecriteria of independence as provided under law.

(3) Board Meetings

During the year under review, 6 meetings were held on 24/04/2013, 31/05/13, 14/08/13, 23/08/13, 15/11/13 and 14/02/14. The maximum time gap between any two consecutive meetings did not exceed fourmonths.

(4) Director’s Attendance Record and Directorship held

As mandated by clause 49, none of the Directors are members of more than 10 Board level committees,nor are they Chairman of more than five committees in which they are members.

Details of the Board as on march31, 2014, attendance of Directors at the Board Of Directors Meetingsheld during 2013-14 and the last Annual general Meeting (AGM) held on 30.09.13 are as follows :

13


Name of Director & Category No. of Board Attendance No. of other No. of Membershipdesignation Meetings at the last Directorship in Committees

attended AGM held held in public including Beckonson 31.12.13 Companies

Member Chairman

Shri Rana Watts Executive & Non 6 Yes 0 0 0 Director Independent

Shri Deepak Kumar Executive & Non 6 Yes 0 1 1 Director Independent

Shri Rakesh Kumar Non-Executive 5 Yes 0 2 2 Director Independent

Mr. Amit Kumar Non-Executive 6 Yes 0 2 0 Director Independent

Dr. Chandra Prakash Non-Executive 0 No 0 0 0 Director Independent

None of the non-executive independent Director has any material pecuniary relationship with the Company.

Directors retiring by rotation and being considered for reappointment:In accordance with the provisions of Section 152(6) of the Companies Act, 2013, the Board of Directorsdetermined the retirement of Mr. Deepak Kumar and Mr. Rana Watts , and both are not disqualified forbeing appointed/ re-appointed under the provisions of the Companies Act, 2013.(5) Audit CommitteeThe Audit Committee has been constituted as per section 177 of the Company’s Act, 2013 and theguidelines set out in the listing agreement with the stock exchanges. The terms reference includeoverseeing the operation of the Accounting and Internal Audit functions, reviewing the Audit system andprocedures, scrutiny of quarterly and annual accounts and recommendations to the Board for theirapproval, review of budgets, review of compliance of statutory and regulatory requirements, recommendto the Board appointment of statutory auditors and fixation of Audit fee etc. The Audit Committee comprises of three directors, out of which two are Independent Directors. ShriDeepak Kumar with extensive financial and accounting knowledge, is the Chairman of the AuditCommittee.The terms of reference of the Audit Committee include overseeing the operation of the Accounting andInternal Audit functions, reviewing the Audit system and procedures, scrutiny of quarterly and annualaccounts and recommendations to the Board for their approval, review of budgets, review of complianceof statutory and regulatory requirements, recommendation of appointment of auditors etc.Minutes of meetings of Audit Committee are circulated to members of the Committee and the Board.During the year 5 meetings of Audit Committee were held on 03/04/13, 15/07/13, 15/10/13, 30/01/14and 13/02/14. The Constitution of the Committee and the attendance of members thereof are givenbelow:

Name of the Member No. of Meetings Held AttendedShri Deepak Kumar Chiarman 5 5Shri Rakesh Kumar Member 5 4Shri Amit Kumar Member 5 5

Audit Committee meetings are attended by the Managing Director, Sr. Accounts Officer besides the StatutoryAuditors are also invited to the meetings.

14


15

(6) Shareholders’/ Investors’ Grievance Committee1. Pursuant to the requirement of the clause 49 of the Listing Agreement, the Company has reconstituted

an Investors’ Grievance Committee.2. The Investors’ Grievance Committee shall have the following role, functions and responsibilities:(i) To look intoand supervise the redressal of shareholders’ /Investors’ Complaints.(ii) To oversee the performance of the registrars and Share Transfer Agents and recommend measures

for overall improvement of the quality of investor services.(ii) To consider and approve transfer of shares, transmission of shares, dematerialization of shares,

transportation of shares, issuance of duplicate share certificates, deletion of names, splitting andconsolidation of shares, etc.The Committee consists of the following Directors:

1. Shri Rakesh Kumar Chairman2. Shri Deepak Kumar Member(7) Remuneration CommitteeThe Company has constituted a Remuneration Committee comprising of Two Independent Non-Executive Directors namely Shri Rakesh Kumar and Shri Amit Kumar.The terms of reference of the Remuneration Committee consists of the following :(i) To determine and recommend to Board, compensation payable to Executive/ Whole time/ Managing

Directors of the Company.(ii) To formulate & administer the Company’s Employee Stock Option Programs from time to time.The Company pays remuneration to its Managing Director by way of Salary, perquisites and allowancesand the same are within the range as approved by the Shareholders.A sitting fee of Rs. 2,000/- for attendance at each meeting of the Board, Audit Committee, RemunerationCommittee and Investors’ Grievance Committee is paid to its Members (excluding managing Directors).Details of remuneration paid to the Directors during the Financial year 2013-14 is as under:

Director Salary and other perquisite Commission paid during the yearSh. Rana Watts Rs. 2.40 Lac Ni lSh. Deepak Kumar Rs. 3.00 Lac Ni l

8) Means of Communication• The Company communicates with the shareholders at large through its Annual report, publication offinancial results.• The Board of Directors of the Company approve and take on record the Unaudited financial results inthe performa prescribed by the stock exchange within one month of the close of the quarter and theresults are announced to the BSE Ltd. Where the shares of the company are listed. Further the highlightsof the quarterly results in the prescribed performa are published in the leading newspapers havingcirculation all over India.• The Management Discussion and Analysis (MD&A) is a part of the annual report.

(9) DisclosuresDuring the financial year ended 31at March, 2014 there was no non-compliance, penalties, stricturesimposed on the company by Stock Exchange or SEBI or any statutory on any matter related to capitalmarkets, during the last three years.• Related Party Transactions under Clause 49 of the Listing Agreement, are defined as the transactionsof the Company of a material nature, with its promoters, the directors or the management, theirsubsidiaries or relatives, etc. that may have potential conflict with the interests of the Company at large.

• Among the related-party transactions are contracts or arrangements, made by the Company from timeto time with Companies in which the Directors are interested. All these contracts or arrangements areentered in the Register of Contracts under Section 189 of the Companies Act, 2013 and the register isplaced before the Board.There were no material transactions during the year 2013-14 that are prejudicial to the interest of theCompany.

(10) Code of Conduct for the Directors and Senior Management PersonnelThe company has laid down a Code of Code (“Code”) for all the Board members and senior managementpersonnel of the Company. All Board members and senior management personnel have affirmed theircompliance with the Code for the financial year ended 31st March, 2014. A declaration to this effectsigned by Mr.Rana Watts, Managing Director of the Company, forms a part of this Report as Annexure B.

(11) CEO/CFO CertificationIn terms of Clause 49(V) of the Listing Agreement, a Certificate duly signed by Mr.Rana Watts, ManagingDirector and Mr. Deepak Kumar, Director of the Company was placed before the Board of Directorsalong with the financial statements. The certificate for the year ended 31st March, 2014 forms part of thisreport as Annexure C.

(9) General Body Meetings

The dates, time and venue of the three previous Annual General Meetings held during the last threeyears are given below :Year Date and Time Venue2012-2013 September 30,2013 at 9.00 a.m. Regd. Office of the Company.2011-2012 September 27,2012 at 9.00 a.m. Regd. Office of the Company.2010-2011 September 30,2011 at 9.00 a.m. MIA Bhawan, Indl Area, Phase-7, Mohali

All the resolutions at the aforesaid AGM’s were passed unanimously by show of hands.

b) Date of Book Closure : 10-09-2014 to 16-09-2014(for the purpose of AGM) (Both days inclusive)

c) Financial CalendarThe Company follows financial beginning from April to March.

Tentative Financial Calendar

- 1st unaudited Quarter Results on or before 14th August of the year.

- 2nd unaudited Quarter Results on or before 15th November, of the year.

- 3rd unaudited Quarter Results on or before 15th Feb, of the following year.

- 4th unaudited Quarter Results on or before 30th May, of the following year.

d) Registered Office

SCF 725, Indra Market, Jalalabad West, Distt.Ferozepur (Pb.).

e) Listing on Stock ExchangesBSE Limited.


16

f) The following are the listed details of the Company shares/GDRsShares Type ISIN No. Stock Code BSEOrdinary Shares INE955B01015 531937

GDRsType Listing ISIN No.GDR Luxembourg SE US0758241022 & US0758242012.

Listing Fees have been paid to with the Stock Exchanges for the year 2013-2014 as per theListing Agreements with the Stock Exchange.

g) Stock Market/Price Data : High/low during each month for the Financial year ended 31stMarch, 2014.

Month Bombay Stock Exchange No. of SharesHigh Low Traded

April, 13 0.47 0.34 710844

May, 13 0.55 0.31 614446

June, 13 0.48 0.31 642647

July, 13 0.50 0.31 746632

August, 13 0.42 0.35 324258

September, 13 0.42 0.32 372291

October, 13 0.45 0.34 556821

November, 13 0.60 0.37 729130

December, 13 0.49 0.35 421057January, 14 0.41 0.33 305214

February, 14 0.36 0.30 221259

March, 14 0.45 0.28 461963

Source : Data has been taken from the Website of the BSE Limited. The Company does not haveany other sources for verification of data.

h) Dematerialization of SharesShares dematerialized with National Securities Depository Limited (NSDL) and Central DepositoryServices (India) Limited (CDSL).99.84% of equity shares has been dematerialized as on March 31, 2014.

i) Address for Corespondencea. For transfer/request for /dematerialisation : Skyline Financial Services Pvt. Ltd.

of shares or any other query relating to the D-153A, 1st Floor, Okhla Indl. Area,shares of the Company. Phase-1, New Delhi.

Ph.: 011-26292681-83

b. For any investors grievance : -do-


17


18

j) Distribution of Shareholding : As on 31.03.2014

Shareholding of No. of % age No. of shares % ageNominal Value of Shareholders

Upto 5000 6623 39.19 1763069 2.255001- 10000 3330 19.17 3109390 3.9610001-20000 2257 13.36 3904524 4.9820001-30000 1055 6.44 2868579 3.6630001-40000 542 3.21 2108022 2.5740001-50000 771 4.56 3762715 4.8050001-100000 1154 6.83 9197273 11.72100001 & above 1168 6.91 51825523 66.06

Total 16900 100 78449095 100.00

k) Categories of Shareholding : As on 31.03.2014

Category No. of Share held % of Share Holding

Promoters 2067919 2.64Banks, Financial Govt. Institutions – –Corporate Bodies 11126604 14.01Indian Public 65127435 83.02Shares held by Custodians & againstwhich depository receipts had been issued NIL NILNRI 948411 1.21Clearing House/Public Trust 32296 0.04

Total 78449095 100.00

for and on behalf of the Board -sd/-

Place : Jalalabad Rana WattsDated : 14.08.2014 Managing Director

CERTIFICATE OF COMPLIANCE FROM COMPANY SECRETARY AS STIPULATED UNDER CLAUSE 49 OF THELISTING AGREEMENT OF THE STOCK EXCHANGES IN INDIA.To the MembersWe have examined the compliance of conditions of corporate governance by BECKONS INDUSTRIES LTD., for the yearended on 31st March 2014, as stipulated in clause 49 of the Listing Agreement of the said Company with the StockExchange(s).The compliance of conditions of corporate governance is the responsibility of the management. Our examination waslimited to procedures and implementation thereof, adopted by the Company for ensuring the compliance of the conditionsof the Corporate Governance. It is neither an audit nor an expression of opinion on the financial statement of the Company.In our opinion and to the best of our information and according to the explanation given to us, we certify that thecompany has complied with the conditions of Corporate Governance as stipulated in the above mentioned ListingAgreement. We are also informed that there was no grievances pending with the Company as on 31st March, 2014 formore than one month. 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 affairs of the Company.

For M.R. Chechi & AssociatesCompany Secretary

-sd/-Place : Chandigarh Mast RamDate : 14.08.2014 Company Secretary (in Practice)

ANNEXURE-BRef: Certification under Clause 49 of the Listing AgreementTo the MembersPursuant to the provisions of Clause 49 of the Listing Agreement with Stock Exchanges, regarding the financialreporting for the year ended 31st March 2014, it is hereby certified that:a. We have reviewed financial statements and the cash flow statement for the year ended 31st March, 2014 and thatto the best of our knowledge and belief :i. These statements do not contain any materially untrue statement or omit any material fact or contain statements thatmight be misleading;ii. These statements together present a true and fair view of the company’s affairs and are in compliance with existingaccounting standards, applicable laws and regulations.b. there are, to the best of our knowledge and belief, no transactions entered into by the company during the yearwhich are fraudulent, illegal or violative of the Company’s Code of Conduct.c. We accept responsibility for establishing and maintaining internal controls for financial reporting and that we haveevaluated the effectiveness of internal control systems of the company pertaining to financial reporting and we havedisclosed to the auditors and the Audit Committee, deficiencies in the design or operation of such internal controls, ifany, of which we are aware and the steps we have taken or propose to take to rectify these deficiencies.d. We have indicated to the auditors and the Audit committee:i. significant changes, if any, in internal control over financial reporting during the year;ii. significant changes, if any, in accounting policies during the year and that the same have been disclosed in the notesto the financial statements; andiii. Instances of signif icant fraud of which they have become aware and the involvement therein, if any, of themanagement or an employee having a significant role in the company’s internal control system over financial reporting.

For Beckons Industries Limited sd/- sd/-

Place : Jalalabad Rana Watts Deepak KumarDate : 14.08.2014 Managing Director Director

ANNEXURE - CDECLARATION BY THE CEO UNDER CLAUSE 49 OF THE LISTING AGREEMENT REGARDING ADHERENCE TOTHE CODE OF CONDUCTIn accordance with Clause 49 sub-clause I(D) of the Listing Agreement with the Stock Exchanges, I hereby confirmthat, all the Directors and the Senior Management personnel of the Company have affirmed compliance to theirrespective Codes of Conduct , as applicable to them for the Financial Year ended March 31, 2014.

Place : Jalalabad For Beckons Industries LimitedDate : 14.08.2014 (Rana Watts) Managing Director


19

ANNEXURE-A


20

MANAGEMENT DISCUSSIONS AND ANALYSIS REPORT (MD&A)

Industry Structure and Developments.

During the financial year under review, the company faced tough competition in marketing its products.The printing and stationary business being traditional could not even generate the revenue for meetingits operation/ running costs had to be closed but continuing with the trading and supply of the stationeryto some of the existing customers to recover the previous payments. However management is trying totakeover of some viable and sustainable business through merger/ demerger route. Thecommercialization of Algae technology developed by the company will be a great business opportunityfor the company for the times to come.

Opportunities and threats

The company although could be successful in Research and Development work on Algae Project yetbeing the same at a pre commercialization stage. The initiatives taken by the company by entering intothe Renewable energy segment could not lead to the production of an alternate of the coal (Biomass),fossil fuel (Bio diesel & Jet Fuel), and its application in food and pharmaceuticals industries (Healthsupplement) and also generate income from Carbon Credits.

The company did focus and made investment in the research and development of Algae Project but dueto its long gestation period, the project may take much longer period to reach at the commercial phaseand also require further investment for continuation of its Research, Demonstration and Validationactivities which will impact the finances and profitability of the company. Moreover, the successfuldevelopment of technology is the key factor for success.

The company did successfully demonstrate its technology for manufacturing of Algae Oil but could notfind any joint venture partner or investor; the company could not commercialize the same. Therefore,management was left with no positive hope of immediate returns from this segment. There areseveral other factors which are beyond the control and means of the company and thus there islikelihood that the company may take some more time. The investment made by the company in theoverseas business in UAE has been totally eroded and due to recession in the market, thereappears to be remote possibility of its revival.

Initiatives taken by the Company

The company could reach at the pre commercial stage for its already developed algae technology andit is expected that with the collaboration of financial partner or bank funding support, the project in handcould take off with little although late but in near future. Once the basic bottlenecks are removed.

The Company is also exploring various opportunities and alternatives for business arrangement withother companies for growth of the Company including by way of mergers and takeovers.

The initial promoters of the company retired from active management after company obtainedshareholders consent through special resolution on 07.03.2011. Thereafter a court case was filed byexisting management, who alleged there in that outgoing directors/ promoters are still representingthemselves as promoters and are interfering in the management of the company in spite of theundertaking given by new management to take full responsibilities of all past, present and futureliabilities of the company.The honourable Court of, Civil Judge (Sr. Division), SAS Nagar (Mohali), passedthe orders on 31.05.2013 there by restricting permanently the previous management from interfering inday to day business affairs of the company as well from representing themselves as the promoters ofthe company.


21

Financial Performance/outlook

During the financial year under review, the company faced tough competition in marketing its products.The operations of the company’s subsidiary in UAE had to be closed in view of the operational lossesover there. The existing printing and stationary business being traditional could not even generate therevenue for meeting its operation/running costs.

Internal Control Systems and their adequacy

There is a Internal control system and also a Audit Committee which have been formed and implementedwith clearly laid down powers and responsibilities that are entrusted to the members to ensure that theInternal Audit Department works independently. This department maintains various manuals whichcontain various controls and checklists that are to be carried out before execution of any activity. Internalchecks are exercised so that various procedures laid down at the time of delegation of authorities andother procedures are strictly followed. The delegation clearly indicates the powers along with themonetary limits, wherever necessary, that can be exercised by various levels of the Managers in theCompany.

Similarly, the Company has well defined manuals for all the functional areas, viz., Production, Sales,Administration, Personnel, etc. These manuals contain elaborate procedures and checklist for therelated activities. Necessary controls and checks are exercised by strictly adhering to the variousprocedures and checklist prescribed in the Manuals. Also these are updated from time to time onongoing basis, keeping in view the latest developments in different areas. Proper controls and checksare exercised by the company by following the procedures prescribed in the various manuals.

Material Developments in Human Resources/ industrial relations front, including number of peopleemployed.

During the year the company has developed various HRD plans within various departments to achievehigher productivity and Excellence Rank between various employee groups. Steps taken during the yearhad created a sense of belonging in the employees.

Cautionary Statement

The Management Discussion and Analysis statement of the Annual Report has been included inadherence of the spirit enunciated in the code of Corporate Governance approved by the Securities andExchange Board of India. Statement in the Management Discussion and Analysis describing theCompany’s objectives, projects, estimates, and expectations may be‘forward–looking statements’within the meaning of applicable securities laws and regulations. Actual results could differ materiallyfrom those expressed or implied. Important factors that could make a difference of the Company’soperation include economic conditions affecting demand.


22

AUDITORS’ REPORT TO THE BOARD OF DIRECTORS BECKONS INDUSTRIES LIMITED

1. We Have audited the attached Consolidated Balance Sheet of Beckons Industries Limited(the Company) and its subsidiary as at 31st March 2014, the consolidated Profit & Loss.These consolidated Financial Statements (CFS) are the responsibility of the BeckonsIndustries Limited management and have been prepared by the management on the basisof separate financial statements and other financial information regarding components. Ourresponsibilities are to express an opinion on these financial statements based on our audit.

2. We conducted our audit in accordance with generally accepted auditing standards in India.Those Standards require that we plan and perform the audit to obtain reasonable assuranceabout whether the financial statements are prepared, in all material respect, in accordancewith an identified financial reporting framework and are free of material misstatement. Anaudit Includes assessing the accounting principles used and significant estimates made bymanagement, as well as evaluating the overall financial statements. We believe that ouraudit provides a reasonable basis for our opinion.

3. We report that CFS have been prepared by the Company in accordance with the requirementsof Accounting standard (AS) 21, Consolidated Financial Statements and AS-23, Accountingfor Investments in Associates, issued by the Institute of the Chartered Accountants of Indiaand on the basis of the separate audited financial statements of Beckons industries Limitedand its subsidiaries included in the CFS.

4. (a) In the case of the Consolidated Balance Sheet of the consolidated state of affairs ofthe Company and no transaction has been made during the year as at 31st March2014;

(b) In the case of consolidated Profit & Loss Account, of the of the loss for the year endedon that date ; and

For N.KUMAR & COChartered Accountants

Place : Kharar (Narinder Kumar)Date : 31.05.2014 (Prop.)

M.No-080287

PARTICULAR ANNEXURE (AMOUNT IN Rs.) (AMOUNT IN Rs.)31.03.2014 31.03.2013

I. EQUITY AND LIABILITIES(1) SHAREHOLDER’S FUNDS(a) Share Capital A 784490950.00 784490950.00(b) Reserves and Surplus B -15540704.00 -8767842.77(c) Money received against Share Warrants C 0.00 0.00(2) Share application money pending allotment D 0.00 0.00

(3) NON-CURRENT LIABILITIES(a) Long-term borrowings E 219128.00 434989.00(b) Deferred tax liabilities (Net) F 2078000.00 2496000.00(c) Other Long term liabilities G 0.00 0.00(d) Long term provisions H 0.00 0.00

(4) CURRENT LIABILITIES(a) Short-term borrowings I 0.00 10941820.00(b) Trade payables J 1223929.00 2617692.50(c) Other current liabilities K 758018.00 653089.00(d) Short-term provisions L 0.00 0.00

TOTAL 773229321.00 792866697.74II.Assets(1) NON CURRENT ASSETS(a) Fixed assets (i) Tangible assets W 11610562.00 12998287.78 (ii) Intangible assets 0.00 0.00 (iii) Capital work-in-progress 0.00 0.00 (iv) Intangible assets under development 0.00 0.00 (v) Fixed Assets at Dubai 0.00 0.00(b) Non-current investments M 181653899.00 150510000.00(c) Deferred tax assets (net) N 0.00 0.00(d) Long term loans and advances O 1078626.00 1088159.00(e) Other non-current assets P 24810138.00 29011318.00

(2) CURRENT ASSETS(a) Current investments Q 0.00 0.00(b) Inventories R 1375500.00 2732603.00(c) Trade receivables S 56991684.00 57329861.00(d) Cash and cash equivalents T 193085.00 13024615.34(e) Short-term loans and advances U 109438044.00 140093171.62(f) Other current assets V 386077783.00 386078682.00

TOTAL 773229321.00 792866697.74


23

AUDITOR’S REPORT FOR & ON BEHALF OF BOARD OF DIRECTORS(As per seaprate report of even date attached)

For N. KUMAR & COMPANY (RANA WATTS) (DEEPAK KUMAR)(Chartered Accountants) MANAGING DIRECTOR DIRECTOR

(Narinder Kumar)Prop.M.No.080287Place : KhararDate : 31.05.2014

CONSOLIDATED BALANCE SHEET AS AT 31ST MARCH, 2014

CONSOLIDATED PROFIT & LOSS ACCOUNT FOR THE YEAR ENDING 31ST MARCH, 2014

PARTICULAR NOTE (AMOUNT IN Rs.) (AMOUNT IN Rs.)31.03.2014 31.03.2013

I. Revenue from operations I 10291696.00 85171036.00II. Other Income II 141562.00 1094783.00III. Sale of Fixed Assets -74211.00 29634359.00

III. Total Revenue (I +II) 10359047.00 115900178.00IV. Expenses:Cost of materials III 8091673.00 12038625.00Purchase of Stock-in-Trade IV 0.00 69771086.00Changes in inventories of finished goods,work-in-progress and Stock-in-Trade V 154500.00 107300.00Employee benefit expense VI 1574966.00 1801497.00Financial costs VII 50862.00 528295.00Depreciation and amortization expense 1204315.00 1308967.08Loss on sale of Shares 0.00 31700000.00Other expenses VIII 6473592.00 7831191.00

Total Expenses 17549908.00 125086961.08

V. Profit before exceptional and extraordinary items and tax (III - IV) -7190861.00 -9186783.08VI. Exceptional Items 0.00 0.00VII. Profit before extraordinary items and tax (V - VI) -7190861.00 -9186783.08VIII. Extraordinary Items 0.00 0.00

IX. Profit before tax (VII - VIII) -7190861.00 -9186783.08

X. Tax expense: (1) Current tax 0.00 0.00 (2) Deferred tax 418000.00 -1475000.00XI. Profit(Loss) from the perid from continuing operations (VII-VIII) -6772861.00 -10661783.08

XII. Profit/(Loss) from discontinuing operations 0.00 0.00XIII. Tax expense of discounting operations 0.00 0.00XIV. Profit/(Loss) from Discontinuing operations (XII - XIII) 0.00 0.00

XV. Profit/(Loss) for the period (XI + XIV) -6772861.00 -10661783.08

XVI. Earning per equity share: (1) Basic 0.00 (2) Diluted 0.00


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AUDITOR’S REPORT FOR & ON BEHALF OF BOARD OF DIRECTORS(As per separate report of even date attached)


(Narinder Kumar)Prop.M.No.080287Place:- KhararDate:- 31.05.2014

I. EQUITY AND LIABILITIES1. SHAREHOLDERS FUND(A) SHARE CAPITAL ANNEXURE-A

PARTICULAR 31.03.2014 31.03.2013

AUTHORISED CAPITAL8,00,00,000 Equity Shares of Rs. 10/- each 800000000.00 800000000.00(Previous Year 8,00,00,000 Equity Shares of Rs. 10/- each)Issued, Subscribed & Paid-up-Capital7,84,49,095 Equity Shares of Rs. 10/- Each of fully Paid Up) 784490950.00 784490950.00

TOTAL 784490950.00 784490950.00

(B) RESERVES & SURPLUSANNEXURE-B

PARTICULAR 31.03.2014 31.03.2013

Capital Subsidy Reserves 2512000.00 2512000.00Capital Reserves for Foreign Exchange Variation -634346.00 -634346.00Forfeit of Convertible Warrants 1550905.00 1550905.00Rate Conversion -5390503.00 -5390503.00General Reserves -6805899.00 3855884.31Less : Loss Tran. From Profit & Loss -6772861.00 -10661783.08

-15540704.00 -8767842.77

25

Beckons Industries LimitedCONSOLIDATED

INDEPENDENT AUDITOR’S REPORT

To the Members of

BECKONS INDUSTRIES LIMITED.

We have audited the accompanying financial statements of BECKONS INDUSTRIES LIMITED (“theCompany”), which comprise the Balance Sheet as at March 31, 2014, and the Statement of Profit and Lossand Cash Flow Statement for the year then ended, and a summary of significant accounting policies andother explanatory information.

Management is responsible for the preparation of these financial statements that give a true and fair viewof the financial position, financial performance and cash flows of the Company in accordance with theAccounting Standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956 (“the Act”).This responsibility includes the design, implementation and maintenance of internal control relevant tothe preparation and presentation of the financial statements that give a true and fair view and are free frommaterial misstatement, whether due to fraud or error.

Our responsibility is to express an opinion on these financial statements based on our audit. We conductedour audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants ofIndia. Those Standards require that we comply with ethical requirements and plan andperform the audit toobtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures inthe financial statements. The procedures selected depend on the auditor’s judgment, including theassessment of the risks ofmaterial misstatement of the financial statements, whether due to fraud orerror. In making those risk assessments, the auditor considers internal control relevant to the Company’spreparation and fair presentation of the financial statements in order to design audit procedures that areappropriate in the circumstances. An audit also includes evaluating the appropriateness of accountingpolicies used and the reasonableness of the accounting estimates made by management, as well asevaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for ouraudit opinion.

In our opinion and to the best of our information and according to the explanations given to us, the financialstatements give the information required by the Act in the manner so required and give a true and fair viewin conformity with the accounting principles generally accepted in India:

a) in the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2014;

b) in the case of the Profit and Loss Account, of the profit/ loss for the year ended on that date; and

c) in the case of the Cash Flow Statement, of the cash flows for the year ended on that date.

1. As required by the Companies (Auditor’s Report) Order, 2003 (“the order”) issued by the CentralGovernment of India in terms of sub-section (4A) of section 227 of the Act, we give in the Annexure astatement on the matters specified in paragraphs 4 and 5 of the Order.

2. As required by section 227(3) of the Act, we report that:

a) we have obtained all the information and explanations which to the best of our knowledge and beliefwere necessary for the purpose of our audit;

b) in our opinion proper books of account as required by law have been kept by the Company so far asappears from our examination of those books

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c) the Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement dealt with by this Reportare in agreement with the books ofaccount.

d) in our opinion, the Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement complywith the Accounting Standards referred to in subsection (3C) of section 211 of the Companies Act,1956;

e) on the basis of written representations received from the directors as on March 31, 2014, and takenon record by the Board of Directors, none of the directors is disqualified as on March 31, 2014, frombeing appointed as a director in terms of clause (g) of sub-section (1) of section 274 of the CompaniesAct, 1956.

f) Since the Central Government has not issued any notification as to the rate at which the cess is to bepaid under section 441A of the Companies Act, 1956 nor has it issued any Rules under the saidsection, prescribing the manner in which such cess is to be paid, no cess is due and payable by theCompany.



M.No-080287

The Annexure referred to in paragraph 1 of the Our Report of even date to the members of BECKONSINDUSTRIES LIMITED. on the accounts of the company for the year ended 31st March, 2014.

On the basis of such checks as we considered appropriate and according to the information and explanationgiven to us during the course of our audit, we report that:1. (a) The company has maintained proper records showing full particulars including quantitative details

and situation of its fixed assets.

(b) As explained to us, fixed assets have been physically verified by the management at reasonableintervals; no material discrepancies were noticed on such verification.

(c) In our opinion and according to the information and explanations given to us, no fixed asset hasbeen disposed during the year and therefore does not affect the going concern assumption.

2. (a) As explained to us, inventories have been physically verified during the year by the managementat reasonable intervals.

(b) In our opinion and according to the information and explanations given to us, the procedures ofphysical verification of inventories followed by the management are reasonable and adequate inrelation to the size of the company and the nature of its business.

(c) In our opinion and on the basis of our examination of the records, the Company is generallymaintaining proper records of its inventories. No material discrepancy was noticed on physicalverification of stocks by the management as compared to book records.

3. (a) According to the information and explanations given to us and on the basis of our examination ofthe books of account, the Company has not granted any loans, secured or unsecured, to companies,firms or other parties listed in the register maintained under Section 301 of the Companies Act, 1956.Consequently, the provisions of clauses iii (b), iii(c) and iii (d) of the order are not applicable to theCompany.(e) According to the information and explanations given to us and on the basis of our examination ofthe books of account, the Company has not taken loans from companies, firms or other parties listedin the register maintained under Section 301 of the Companies Act, 1956. Thus sub clauses (f) & (g)are not applicable to the company.

4. In our opinion and according to the information and explanations given to us, there is generally anadequate internal control procedure commensurate with the size of the company and the nature of itsbusiness, for the purchase of inventories & fixed assets and payment for expenses & for sale ofgoods. During the course of our audit, no major instance of continuing failure to correct anyweaknessesin the internal controls has been noticed.

5. a) Based on the audit procedures applied by us and according to the information and explanationsprovided by the management, the particulars of contracts or arrangements referred to in section 301of the Act have been entered in the register required to be maintained under that section.

b) As per information & explanations given to us and in our opinion, the transaction entered into bythe company with parties covered u/s 301 of the Act does not exceeds five lacs rupees in a financialyear therefore requirement of reasonableness of transactions does not arises.

6. The Company has not accepted any deposits from the public covered under section 58A and 58AA ofthe Companies Act, 1956.

7. As per information & explanations given by the management, the Company has an internal auditsystem commensurate with its size and the nature of its business.

8. As per information & explanation given by the management, maintenance of cost records has beenprescribed by the Central Government under clause (d) of sub-section (1) of section 209 of the Actand we are of the opinion that prima facie the prescribed accounts and records have been made andmaintained.

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9. (a) According to the records of the company, undisputed statutory dues including Provident Fund,Investor Education and Protection Fund, Employees’ State Insurance, Income-tax, Sales-tax, WealthTax, Service Tax, Custom Duty, Excise Duty, cess to the extent applicable and any other statutory dueshave generally been regularly deposited with the appropriate authorities. According to the informationand explanations given to us there were no outstanding statutory dues as on 31st of March, 2014 fora period of more than six months from the date they became payable.

(b) According to the information and explanations given to us, there is no amounts payable inrespect of income tax, wealth tax, service tax, sales tax, customs duty and excise duty which have notbeen deposited on account of any disputes.

10. The Company does not have any accumulated loss and has not incurred cash loss during thefinancial year covered by our audit and in the immediately preceding financial year.

11. Based on our audit procedures and on the information and explanations given by the management,we are of the opinion that, the Company has not defaulted in repayment of dues to a financialinstitution, bank or debenture holders.

12. According to the information and explanations given to us, the Company has not granted loans andadvances on the basis of security by way of pledge of shares, debentures and other securities.

13. The Company is not a chit fund or a nidhi /mutual benefit fund/society. Therefore, the provision of thisclause of the Companies (Auditor’s Report) Order, 2003 (as amended) is not applicable to theCompany.

14. According to information and explanations given to us, the Company is trading in Shares, Mutualfunds & other Investments. Proper records & timely entries have been maintained in this regard &further investments specified are held in their own name.

15. According to the information and explanations given to us, the Company has not given any guaranteesfor loan taken by others from a bank or financial institution.

16. Based on our audit procedures and on the information given by the management, we report that thecompany has not raised any term loans during the year.

17. Based on the information and explanations given to us and on an overall examination of the BalanceSheet of the Company as at 31st March, 2014, we report that no funds raised on short-term basishave been used for long-term investment by the Company.

18. Based on the audit procedures performed and the information and explanations given to us by themanagement, we report that the Company has not made any preferential allotment of shares duringthe year.

19. The Company has no outstanding debentures during the period under audit.

20. The Company has not raised any money by public issue during the year.

21. Based on the audit procedures performed and the information and explanations given to us, wereport that no fraud on or by the Company has been noticed or reported during the year, nor have webeen informed of such case by the management.



M.No-080287


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PARTICULAR ANNEXURE (AMOUNT IN Rs.) (AMOUNT IN Rs.)31.03.2014 31.03.2013

I. EQUITY AND LIABILITIES

(1) SHAREHOLDER’S FUNDS(a) Share Capital A 784490950.00 784490950.00(b) Reserves and Surplus B -15539805.00 -8766943.77(c) Money received against Convertible Warrants C 0.00 0.00(2) Share application money pending allotment D 0.00 0.00

(3) NON-CURRENT LIABILITIES(a) Long Term Borrowings E 219128.00 434989.00(b) Deferred Tax Liabilities (Net) F 2078000.00 2496000.00(c) Other Long Term Liabilities G 0.00 0.00(d) Long term Provisions H 0.00 0.00

(4) CURRENT LIABILITIES(a) Short-term borrowings I 0.00 10941820.00(b) Trade payables J 1223929.00 2617692.00(c) Other current liabilities K 758018.00 653089.00(d) Short Term provisions L 0.00 0.00

TOTAL 773230220.00 792867596.74II. ASSETS(1) NON CURRENT ASSETS(a) Fixed assets (i) Tangible assets W 11610562.00 12998287.78 (ii) Intangible assets 0.00 0.00 (iii) Capital work-in-progress 0.00 0.00 (iv) Intangible assets under development 0.00 0.00(b) Non-current investments M 567732581.00 536589581.00(c) Deferred tax assets (net) N 0.00 0.00(d) Long term loans and advances O 1078626.00 1088159.00(e) Other non-current assets P 24810138.00 29011318.00

(2) CURRENT ASSETS(a) Current Investments Q 0.00 0.00(b) Inventories R 1375500.00 2732603.00(c) Trade receivables S 56991684.00 57329861.00(d) Cash and cash equivalents T 193085.00 13024614.84(e) Short-term loans and advances U 109438044.00 140093171.62(f) Other current assets V 0.00 0.00

TOTAL 773230220.00 792867596.74




BALANCE SHEET FOR THE YEAR ENDING 31ST MARCH, 2014

PROFIT & LOSS ACCOUNT FOR THE YEAR ENDING 31ST MARCH, 2014

PARTICULAR NOTE (AMOUNT IN Rs.) (AMOUNT IN Rs.)31.03.2014 31.03.2013

I. Revenue from operations I 10291696.00 14446760.00II. Other Income II 141562.00 1094783.00III. Sale of Fixed Assetts -74211.00 29634359.00

III. Total Revenue (I +II) 10359047.00 45175902.00IV. Expenses:Cost of materials III 8091673.00 12038625.00Purchase of Stock-in-Trade IV 0.00 0.00Changes in inventories of finished goods,Work-in-progress and Stock-in-Trade V 154500.00 107300.00Employee benefit expense VI 1574966.00 1801497.00Financial costs VII 50862.00 525188.00Depreciation and amortization expense 1204315.00 1308967.08Loss on sale of Shares 0.00 31700000.00Other expenses VIII 6473592.00 6880209.00

Total Expenses 17549908.00 54361786.08

V. Profit before exceptional and extraordinary items and tax (III - IV) -7190861.00 -9185884.08VI. Exceptional Items 0.00 0.00VII. Profit before extraordinary items and tax (V - VI) -7190861.00 -9185884.08VIII. Extraordinary Items 0.00 0.00

IX. Profit before tax (VII - VIII) -7190861.00 -9185884.08

X. Tax expense: (1) Current tax 0.00 0.00 (2) Deferred tax 418000.00 -1475000.00XI. Profit(Loss) from the perid from continuing operations (VII-VIII) -6772861.00 -10660884.08

XII. Profit/(Loss) from discontinuing operations 0.00 0.00XIII. Tax expense of discounting operations 0.00 0.00XIV. Profit/(Loss) from Discontinuing operations (XII - XIII) 0.00 0.00

XV. Profit/(Loss) for the period (XI + XIV) -6772861.00 -10660884.08

XVI. Earning per equity share: 0.00 (1) Basic 0.00 0.00 (2) Diluted 0.00


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I. EQUITY AND LIABILITIES

1. SHAREHOLDERS FUND

(A) SHARE CAPITAL ANNEXURE-A

PARTICULAR 31.03.2014 31.03.2013AUTHORISED CAPITAL800,00,000 Equity Shares of Rs. 10/- each 800000000.00 800000000.00(Pervious Years 8,00,00,000 Equity Sharesof Rs. 10/- each)

Issued, Subscribed & Paid-up-Capital(7,84,49,095 Equity Shares of Rs.10/-Each 784490950.00 784490950.00fully Paid Up)

TOTAL 784490950.00 784490950.00

(B) RESERVES & SURPLUSANNEXURE-B

PARTICULAR 31.03.2014 31.03.2013

Capital Subsidy Reserves 2512000.00 2512000.00Captial Reserves for Foreign Exchange variation -634346.00 -634346.00Forfeit of Convertible Warrants 1550905.00 1550905.00Rate Conversion -5390503.00 -5390503.00General Reserves -6805000.00 3855884.31Less :- Loss Tran. from Profit & Loss -6772861.00 -10660884.08

TOTAL -15539805.00 -8766943.77

(C) MONEY RECEIVED AGAINST SHARE WARRANTSANNEXURE-C

PARTICULAR 31.03.2014 31.03.2013

0.00 0.00

TOTAL 0.00 0.00

2. SHARE APPLICATION MONEY PENDING ALLOTMENTANNEXURE-D

PARTICULAR 31.03.2014 31.03.2013

0.00 0.00

TOTAL 0.00 0.00

3. NON-CURRENT LIABILITIES(a) LONG -TERM BORROWING

ANNEXURE-E

PARTICULAR 31.03.2014 31.03.2013

VEHICLE LOANSFROM HDFC BANK 219128.00 434989.00(Hypothecation of Cars)

TOTAL 219128.00 434989.00

NOTE :Loan instalment due within one year Rs. 2.52 Lacs (previous year Rs. 2.52 Lacs).

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(b) DEFERRED TAX LIABILITIES (NET)ANNEXURE-F

PARTICULAR 31.03.2014 31.03.2013DEFERRED TAX LIABILITIES 2078000.00 2496000.00

TOTAL 2078000.00 2496000.00

( c) OTHER LONG TERM LIABILITIESANNEXURE-G

PARTICULAR 31.03.2014 31.03.2013UNSECURED LOANS 0.00 0.00

TOTAL 0.00 0.00(d) LONG TERM PROVISIONS

ANNEXURE-HPARTICULAR 31.03.2014 31.03.2013

0.00 0.00TOTAL 0.00 0.00

4. CURRENT LIABILITIES(a) SHORT- TERM BORROWINGS

ANNEXURE-IPARTICULAR 31.03.2014 31.03.2013

LOAN AGAINST FDR FROM BOB 0.00 10941820.00TOTAL 0.00 10941820.00

(b) TRADE PAYABLEANNEXURE-J

PARTICULAR 31.03.2014 31.03.2013

SUNDRY CREDITORS 1223929.00 2617692.00

TOTAL 1223929.00 2617692.00

( c) OTHER CURRENT LIABILITIESANNEXURE-K

PARTICULAR 31.03.2014 31.03.2013

ADVANCES FROM CUSTOMERS 31201.00 0.00VAT PAYABLE 77000.00 45158.00CHQ. ISSUED BUT NOT PRESENT FOR PAYMENT 250946.00 0.00AUDIT FEES PAYABLE 60674.00 60674.00SALARY PAYABLE 59300.00 82958.00EPF PAYABLE 8836.00 14182.00ESI PAYABLE 0.00 1575.00GRATUITY PAYABLE 270061.00 419700.00WAGES PAYABLE 0.00 22100.00TDS PAYABLE 0.00 6742.00

TOTAL 758018.00 653089.00

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(d) SHORT-TERM PROVISIONSANNEXURE-L

PARTICULAR 31.03.2014 31.03.20130.00 0.00

TOTAL 0.00 0.00

II. ASSETS(b) NON-CURRENT INVESTMENT

ANNEXURE-MPARTICULAR 31.03.2014 31.03.2013

INVESTMENTS :Investments :In Subsidiary1 Equity Share of AED 150000 (1 AED=Rs 12.43/-) 1864500.00 1864500.00 Following Fully Paid ord. Equity Shares (Un-Quoted) SOHRAB SPINNING MILLS LTD.(Equity Share 362500 of Rs. 10/- each at a Premium 14500000.00 14500000.00 of Rs. 30/- per share) SOHRAB IMPEX LTD.(Equity Share 2,00,000 of Rs. 10/- each at a Premium 2500000.00 2500000.00 of Rs. 2.50/- per share) IOL LIFE SCIENCES LTD.(Equity Share 20,000 of Rs. 10/- each at a Premium 5000000.00 5000000.00 of Rs. 240/- per share)KHERA BABA FINLEASE & INVESTMENTS PVT. LTD(Equity Share 1,39,000 of Rs. 10/- each at a Premium 13900000.00 13900000.00 of Rs. 90/- per share) NCG ENTERPRISES PVT. LTD(Equity Share 68000 of Rs. 10/- each at a Premium 17000000.00 17000000.00 of Rs. 240/- per share) S R INDUSTRIES LTD.(8% Non-Cumulated Preference Share 75000 of 7500000.00 7500000.00Rs. 100/-each)KRISHNA GARDRENS PVT. LTD.(Equity Share 1,42,500 of Rs. 10/- each at a Premium 28500000.00 28500000.00 of Rs. 190/- per share)RANBRO BREAKS INDIA LTD.(Equity Share 4,60,000 of Rs. 10/- each 4600000.00 4600000.00HPC Plastics Pvt. Ltd.(Equity Share 100,000 of Rs. 10/- each at a Premium 10000000.00 10000000.00of Rs. 90/- each)RR GEARS PVT. LTD. 13000000.00 13000000.00(Equity Share 2,60,000 of Rs. 10/- each at a Premiumof Rs. 40/- each)COMMERCIAL ADVERTISEMENT & MARKETING PVT. LTD. 10050000.00 10050000.00(Equity Share 10,050 of Rs. 10/- each at a Premiumof Rs. 990/- each)SUGO GEARS PVT. LTD. 8000000.00 8000000.00(Equity Share 16,000 of Rs. 100/- each at a Premiumof Rs. 400/- each)EAGLE COMPUTER FORM PVT LTD 6180000.00 6180000.00(Equity Share 61,800 of Rs. 10/- each at a Premium ofRs. 90/- each)

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R K CITY DEV PVT LTD. 7500000.00 7500000.00(Equity Share 75,000 of Rs. 10/- each at a Premium ofRs. 90/- each)

ASTHA TECHNOLOGIES PVT. LTD. 2200000.00 2200000.00(Equity Share 2,20,000 of Rs. 10/- each)

MIL DEVELOPER (P) LTD. 80000.00 80000.00(Equity Share 8,000 of Rs. 10/- each)

HEALTHY BIOSCIENCES PVT. LTD. 31143000.00 0.00(Equity Share 31,14,300 of Rs. 10/- each)

TOTAL 183517500.00 152374500.00Investment in Subsidiary Co. (BECKONS TRADING FZE) 384215081.00 384215081.00

TOTAL 567732581.00 536589581.00

(c) DEFERRED TAX ASSETS (NET)ANNEXURE-N

PARTICULAR 31.03.2014 31.03.2013

TOTAL 0.00 0.00

(d) LONG-TERM LOANS AND ADVANCESANNEXURE-O

PARTICULAR 31.03.2014 31.03.2013SECURITY DEPOSITS 1078626.00 1088159.00

TOTAL 1078626.00 1088159.00

(e) OTHER NON- CURRENT ASSETS

ANNEXURE-PPARTICULAR 31.03.2014 31.03.2013A. PRE-OPERATIVE EXPENSES (BIO-FUEL PROJECT)OPENING BALANCE 13284824.00 14945427.00ADD:- ADDITION DURING THE YEAR 0.00 0.00

13284824.00 14945427.00LESS:- WRITTEN OFF 1660603.00 1660603.00

SUB TOTAL 11624221.00 13284824.00

B. PRELIMINARY GDR EXPENSES15726494.00 18267071.00

LESS:-EXPENSES WRITTEN OFF 2540577.00 2540577.00SUB TOTAL 13185917.00 15726494.00

TOTAL 24810138.00 29011318.00

2. CURRENT ASSETS

(a) CURRENT INVESTMENTANNEXURE-Q

PARTICULAR 31.03.2014 31.03.2013

0.00 0.00TOTAL 0.00 0.00

(b) INVENTORIESANNEXURE-R

PARTICULAR 31.03.2014 31.03.2013

RAW MATERIAL 1330000.00 2512610.00STOCK IN PROCESS 45500.00 110000.00FINISHED STOCK 0.00 90000.00PACKING MATERIAL 0.00 16605.00CONSUMABLE 0.00 3388.00

TOTAL 1375500.00 2732603.00

( c ) TRADE RECEIVABLESANNEXURE-S

PARTICULAR 31.03.2014 31.03.2013

LESS THAN SIX MONTH 1705849.00 2459841.00MORE THAN SIX MONTH 55019828.00 54604013.00OTHER DOUBTFUL DEBTS 266007.00 266007.00TRADE RECEIVALBE AT DUBAI 0.00 0.00

TOTAL 56991684.00 57329861.00

(d) CASH & CASH EQUIVALENTSANNEXURE-T

PARTICULAR 31.03.2014 31.03.2013

CASH IN HAND 32050.00 345580.84BALANCE WITH BANK IN CURRENT ACCOUNT 161035.00 12679034.00

TOTAL 193085.00 13024614.84

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(e) SHORT-TERM LOANS AND ADVANCESANNEXURE-U

PARTICULAR 31.03.2014 31.03.2013

CAMELOT EXPORTS PVT LTD 44400000.00 44400000.00CENTURY AGRO PVT LTD 6500000.00 6500000.00C & A FARM FRESH (P) LTD. 4500000.00 4500000.00C & A REALTORS 3500000.00 3500000.00V J AGRO PVT. LTD. 2500000.00 2500000.00AW AGRO FARMS PVT LTD. 8000000.00 8000000.00JAGJIT SINGH HINDUPUR 1500000.00 1500000.00HEALTHY BIO-SCIENCES PVT. LTD. 0.00 31143548.00HSB ELECTRO HITECH PVT. LTD. 1600000.00 1600000.00MAHAVIR IMPEX LTD. 5000000.00 5000000.00BILLCO ENGINEER PVT LTD 2000000.00 2000000.00SUMMIT ENGINEERING PVT. LTD. 4500000.00 4500000.00LIDER SANITATIONS 5690000.00 5690000.00PUNJAB BIOTECH PARK LTD. 15275000.00 15000000.00FAUCETS INDIA 2700000.00 2700000.00PREPAID EXPENSES 48752.00 55723.00FBT ADVANCE 10000.00 10000.00INCOME TAX 2004-2005 735000.00 735000.00INCOME TAX PREVIOUS YEAR 318630.00 318630.00TDS 2009-10 45103.00 45102.62TDS 2010-11 52629.00 52629.00TDS 2011-12 215644.00 215644.00TDS 2012-13 126895.00 126895.00TDS 2013-2014 20391.00 0.00ADVANCE STAFF 200000.00 0.00

TOTAL 109438044.00 140093171.62

(f) OTHER CURRENT ASSETSANNEXURE-V

PARTICULAR 31.03.2014 31.03.2013

PRELIMINARY EXPENSES GDR 0.00 0.00

TOTAL 0.00 0.00

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(g) FIXED ASSETS ANNEXURE-W

GROSS BLOCK DEPRECIATION NET BLOCK

DESCRIPTION as at Add. Trfd./ as at upto during Transfer upto as at as at01-04-2013 S a l e 31-03-2014 31-03-2013 the year 31-03-2014 30-03-2014 31-03-2013

Land 1200000.00 0 .00 0 .00 1200000.00 0 .00 0 .00 0.00 0.00 1200000.00 1200000 . 00

Building :-Factory Block 1160249.00 0 .00 0 .00 1160249.00 1160249 . 00 0 .00 0.00 1160249.00 0.00 0 .00

Of fi ce Block 234527.00 0 .00 0 .00 234527.00 23452 7 . 00 0 .00 0.00 234527.00 0.00 0 .00Transf ormer 363360.00 0 .00 0 .00 363360.00 67771 . 00 17260 . 00 0.00 85031.00 278329.00 29558 9 . 00Pl an t & Mach . 11884060.00 0 .00 2194490 . 00 9689570.00 8840179 . 00 46025 5 . 00 2011079.00 7289355.00 2400215.00 3043884 . 00Furni ture & Fixture 756779.00 0 .00 0 .00 756779.00 53621 2 . 00 47980 . 00 0.00 584192.00 172587.00 22056 7 . 00

Elect ri c Instal l 50960.00 0 .00 0 .00 50960.00 26687 . 00 2421 . 00 0.00 29108.00 21852.00 24272 . 00

Comput er 1325937.00 0 .00 0 .00 1325937.00 1309161 . 00 3745 . 00 0.00 1312906.00 13031.00 16776 . 00

Car 5724493.00 0 .00 0 .00 5724493.00 2364049 . 00 54382 7 . 00 0.00 2907876.00 2816617.00 3360443 . 00

Lab . Equ ip. 715658.00 0 .00 0 .00 715658.00 46293 9 . 00 33994 . 00 0.00 496933.00 218725.00 25271 8 . 00

Off i ce Equip. 1079903.00 0 .00 0 .00 1079903.00 54511 9 . 00 51295 . 00 0.00 596414.00 483489.00 53478 4 . 00

Fire Ftg. Equip. 23100.00 0 .00 0 .00 23100.00 22651 . 00 449. 00 0.00 23100.00 0.00 449. 00

Scoot er 20225.00 0 .00 0 .00 20225.00 20224 . 00 0 .00 0.00 20224.00 1.00 1 .00

Cycle 9151.00 0 .00 0 .00 9151.00 9150 . 00 0 .00 0.00 9150.00 1.00 1 .00Cargo Van 248441.00 0 .00 0 .00 248441.00 13478 9 . 00 23602 . 00 0.00 158391.00 90050.01 11365 1 . 00Generator Set 410256.00 0 .00 0 .00 410256.00 21033 1 . 00 19487 . 01 0.00 229818.01 180437.99 19992 5 . 00

TOTAL : 25207099.00 0.00 2194490 . 00 23012609.00 159440 38 . 00 1204315 . 00 2011079.00 15137274.00 7875335.00 9263060 . 00Pre. Year 3141874 .00 29000.00 6240641 .00 25207099.00 14635071 .00 1308967 .00 0.00 15944038.00 9263060.00 16783669 .00

Lab Equ ipment 3735227 . 00 0 .00 0 .00 3735227 . 00 0 .00 0 .00 0.00 0 .00 3735227 . 00 3735227 . 00(B i o-diesel )Grand Total 289423 26 . 00 0 .00 2194490 . 00 267478 36 . 00 159440 38 . 00 1204315 . 00 2011079 . 00 151372 74 . 00 116105 62 . 00 129982 87 . 00

1. REVENUE FROM OPERATIONSPARTICULAR 31.03.2014 31.03.2013SALES 10291696.00 14446760.00

TOTAL 10291696.00 14446760.00II. OTHER INCOMEPARTICULAR 31.03.2014 31.03.2013INTEREST RECEIVED 23875.00 1094783.00MISC INCOME 117687.00 0.00

TOTAL 141562.00 1094783.00III. EXPENSESCOST OF MATERIAL CONSUMEDPARTICULAR 31.03.2014 31.03.2013OPENING STOCK 2512610.00 4433080.00ADD:- PURCHASE & RAW MATERIAL 6909063.00 10118155.00LESS:- CLOSING STOCK 1330000.00 2512610.00

TOTAL 8091673.00 12038625.00VI. PURCHASE OF STOCK IN TRADEPARTICULAR 31.03.2014 31.03.2013

0.00 0.00TOTAL 0.00 0.00

V. CHANGE IN RAW MATERIAL STOCK IN PROCESSAND FINISHED GOODSPARTICULAR 31.03.2014 31.03.2013FINISHED GOODSOPENING STOCK 110000.00 178500.00CLOSING STOCK 45500.00 110000.00VARIATION 64500.00 68500.00WORK IN PROGRESSOPENING STOCK 90000.00 128800.00CLOSING STOCK 0.00 90000.00VARIATION 90000.00 38800.00

TOTAL 154500.00 107300.00VI. EMPLOYEE BENEFIT EXPENSESPARTICULAR 31.03.2014 31.03.2013SALARY, WAGES AND BONUS 1452227.00 1652037.00EMPLOYER’S CONTRIBUTION TO EPF 86705.00 100021.00EMPLOYER’S CONTRIBUTION TO ESI 10594.00 12981.00STAFF AND WORKER’S WELFARE 25440.00 36458.00

TOTAL 1574966.00 1801497.00VII. FINANCIAL COSTSPARTICULAR 31.03.2014 31.03.2013BANK CHARGES 14466.00 16542.00INTEREST ON CAR LOAN 29335.00 47614.00INTEREST ON TERM LOAN 7061.00 461032.00

TOTAL 50862.00 525188.00

39


VIII. OTHER EXPENSES

PARTICULAR 31.03.2014 31.03.2013

A. MANUFACTURING EXPENSESPLATE MAKING & INK & PRINTING CHARGES 136418.00 236634.00CONSUMABLE STORES 161806.00 168584.00POWER & FUEL 342434.00 162515.00REPAIR & MAINTENANCE (P&M) 0.00 82098.00OIL & LUBRICANTS 0.00 19095.00

SUB TOTAL 640658.00 668926.00

ADMINISTRATIVE & SELLING EXPENSESADVERTISEMENT & PUBLICITY 7700.00 39040.00ANNUAL LISTING FEES 106742.00 106742.00BOARD MEETING/AGM EXPENSES 0.00 130580.00BUSINESS PROMOTION 0.00 83999.00DIRECTOR SITING FEES 0.00 18000.00FESTIVAL EXPENSES 19450.00 8140.00FREIGHT & CARTAGE-OUTWARD 94492.00 119649.00INSURANCE CAR 74541.00 35240.00INSURANCE OTHERS 0.00 15893.00CHARITY & DONATION 0.00 0.00LEGAL & PROFESSIONAL CHARGES 175428.00 33371.00LEGAL, TENDER, AND REGISTRATION FEES 192312.00 222950.00MEMBERSHIP AND SUBSCRIPTION 49719.00 10000.00MISC. EXPENSES 520.00 430.00NEWSPAPER & PERIODCIALS 492.00 340.00OFFICE MAINTENANCE 0.00 12818.00PACKING MATERIAL 101315.00 140659.00PAYMENT TO AUDITORS 67416.00 67416.00POSTAGE & TELEGRAMS 32462.00 4894.00PRINTING & STATIONERY 85585.00 51443.00RATES, TAXES, AND PENALTIES 2349.00 2235.00REBATE & DISCOUNT 838.00 37396.00RENT 456000.00 442000.00REPAIR & MAINTENANCE -VEHICLES 48324.00 39241.00REPAIR & MAINTENANCE-OTHERS 44814.00 111210.00SERVICE TAX 3470.00 3675.00TELEPHONE EXPENSES 21185.00 25356.00TRAVELLING & CONVEYANCE 0.00 181280.00TRAVELLING & LOCAL CONVEYANCES-STAFF 46600.00 6616.00

SUB TOTAL 1631754.00 2010103.00

PRELIMINARY EXP. GDR W/OFF 2540577.00 2540577.00PRE-OPERATIVE EXPENSES OF BIO-FUEL PROJECT W/OFF 1660603.00 1660603.00

SUB TOTAL 4201180.00 4201180.00

TOTAL 6473592.00 6880209.00

40


LIST OF CREDITORS

PARTICULAR AMOUNT (RS.)

J P ENTERPRISES 9960.00KAY BEE CARBONS RIBBONS PVT. LTD. 43001.00BLUE SEAS PAPER PVT. LTD. 12412.00CREATIVE GRAPHICS 20400.00IRIS COLORS 1023.00SURJIT GOODS CARRIERS PVT. LTD. 1680.00SWASTIKA IND 11280.00JASBIR SINGH 20543.00MAST RAM 32750.00MOHALI HERELED 1000.00MOJJ ENGINEERING PVT. LTD. 172809.00NAVEEN BARTAN BHANDAR 801375.00SKY HAWK TIMES 7500.00SKY LINE FINANCIAL SERVICE PVT. LTD. 88196.00

TOTAL 1223929.00

LIST OF DEBTORS

PARTICULAR AMOUNT (RS.)

AGARWAL SAHITYA SADAN 10001.00BHARAT PETROLIUM 91174.00COMPUTER PALACE 27203.00DY CONTROLLER EXAM 4057.00JAI MATA GLASS LTD. 7543.00MAHESHWARI TECHNICAL OAKLAND 4349.00NAHAR FIBRE LTD. 2114.00NAHAR SPINNING MILLS 19192.50PUNEWIRE 55103.00RISHAB SPINNING MILLS 12091.50ROAD MASTER INDUSTRY 12520.00SUPER SERVICE STATION 8390.00TECUMESH INDIA PVT. LTD. 8125.00VIHICALS FACTORY JABALPUR 4144.00

TOTAL 266007.00

A.S. BHATIA 2060230.00AGK COMPUTER & ELECTRICALS 3241152.00C.D. S 19300.00C M S COMPUTER LTD. 140100.00DEBTORS DELHI OFFICE 3475.00DEPUTY COMMISIONER OFFICE - CHANDIGARH 12658.00DGS & D 345425.00DGS & D - NEW DELHI 241567.00HAVELLS INDIA LTD. 25600.00H D F C SEC-35 CHD 20530.00HINDUSTAN PAPER MART 47762628.00ISGEC YAMUNANAGAR 19690.00LIC - KARNAL 51644.00LIDER SANITATION SALE A/C 641378.00MAHARASHTRA STATE ELECTRICITY BOARD 50386.00MUMBAI PORT TRUST 61289.00

41


42


MUNCIPAL CORPORATION 11128.00NORTHERN RAILWAYS - ALLAHABAD 54170.00NORTHERN RAILWAYS - CHANDIGARH 12570.00NORTHERN RAILWAYS - NEW DELHI 129654.00NORTHERN RAILWAYS - RDSO LUCKNOW 13372.00ORDANCE CABLE FACTORY 21602.00SPOKESMAN TRUST 13680.00SQL STAR INTERNATIONAL LTD. 66600.00ATUL FASTNERS LTD 24126.00CHIMNI & CO. 9603.00COMPUTER ERA - AMRITSAR 18038.00COMPUTER ERA - HOSHIAR PUR 4257.00CONTROLLER OF EXAMINATION 34560.00DHAWAN ENTERPRISES 3712.00GILARD ELECTRONICS P. LTD. 34742.00GLOBAL MOTORS 8734.00GOMTI MOTORS 1310.00GRAZITTI INTERACTIVE 110795.00HARJIT PRINTING PRESS 46772.00HARKO METALS 8033.00H D F C SEC-17 CHD 20068.00JAY ESS COMPUTER 40002.00JCBL 27928.00JUPITOR AQUA LINES LTD. 40988.00KASHMIR STATIONERY & PAPER STORE 47264.00LIC - AMRITSAR 2102.00MASTER CAPITAL SERVICES - CHANDIGARH 27123.00MAX SPECIALITY FILMS LTD. 4719.00METLONICS INDUISTRIES PVT LTD 43825.00METRO EXPORTERS PVT.LTD 2004.00MOBILITY SOLUTIONS PVT.LTD 31126.00MODERN AUTOMOBILE- AMBALA 30498.00NITIN MEDICAL & SURGICAL 4984.00OHRI INDUSTRIES 4984.00PCL MOHALI 10797.00PRINCIPAL - MATA GUJARI COLLEGE 22606.00PRINTWAYS INDIA 34117.00PUNJAB COMMUNICATION LTD. 3949.00RAJAN GARMENTS (AMBALA) 40785.00RAJAN STORES P. LTD. 7900.00RAJIV COMPUTER STATIONERS 4348.00RECORDERS & MEDICARE SYSTEM 12937.00SANJAY SALES CORPORATION 62530.00SECURE METERS LTD 313146.00SHAKTI STEEL INDIA 110401.00SHRISHTE ENTERPRISES 19973.00SIYA RAM COMPUTER 22124.00 SMM G (DCW - PATIALA) 27768.00SPECIMEN PRINTERS 32500.00SYAL LOGISTICS 3939.00TORRENT PHARMACEUTICALS LTD 281953.00TORRENT PHARMACEUTICALS LTD - BADDI 15888.00TRADELINK ENTERPRISES 1570.00TRADEWELL 20834.00TIRUPATI STY & GEN. STORES 13905.00TYNOR ORTHOTICS LTD 1718.00WALIA STATIONERS 7864.00

56725677.00

Grand Total : 56991684.00


43

SCHEDULE 15 : NOTES TO ACCOUNTSSIGNIFICANT ACCOUNTING POLICIES :a) Method of Accounting :

The accounts are prepared on Historical cost concept on an accrual basis and accounting principlesgenerally accepted in India.

b) Fixed Assets & Depreciation :Fixed assets are stated at original cost including freight, duty, taxes and other incidental andpre-operative expenses relating to the acquisition, installation on appropriate basis. Depreciationhas been charged on a straight line method as per the rates and in the manner prescribed bySchedule XIV of the Companies Act, 1956.

c) Inventories :Closing stocks are valued at cost or market price whichever is less and cost is ascertained onFIFO Method Basis.

d) Gratuity and leave encashment is accounted for on cash basis.e) Investment :

Long term investment are stated at cost less permanent diminution in value if any.f) Misc. Expenses :

(To the extend not written off ) : These are written off over ten years.g) Pre-operative Expenses :

The Pre-operative Expenses on Bio-Diesel Project has been written off.

2. Estimated amount of contracts remaining to be executed on capital account not provided for as on31-03-2014 is Nil (Pre.Year Nil) (as certified by M.D.)

3. The figures have been rounded off to the nearest rupee and the figures for the previous year havebeen re-arranged wherever considered necessary.

4. Current Assets loans & advances are approximately of the value stated in the Balance Sheet ifrealized in the ordinary course of business.

5. Payment to Directors Current Year Previous YearRemuneration (Amount in Rs.) (Amount in Rs.)— Salary 540000.00 540000.00

540000.00 540000.00

6. DEFERRED TAX

As per accounting standard 22 (AS22) “Accounting for Taxes on Income”.

1. Major Components to deferred Tax Assets & Deferred tax liabilities :-

As at 31.03.2014 As at 31.03.2013Deferred tax Deferred tax Deferred tax Deferred taxAssets Liability Assets Liability

Difference between book value - 10.21of depreciation as per books 24.96of accounts and W.D.V. for taxpurposes.Difference of public issue 4.18 14.75expenses debited to P&Laccount and claimed asdeduction for tax purposes.

Total 4.18 24.96 14.75 11.52Net deferred tax liability 20.78 24.96Net incremental liability charged 4.18 (14.75)to profit & loss accountThe deferred tax has been calculated on the current tax rate i.e. 30.90% (previous year @ 30.90%)

7. EARNING PER SHARE (AS 20) 2013-2014 2012-2013

a) Weighted average number of equityshares of Rs.10 each.

i) Number of shares at the beginning of year 7,84,49,095 7,84,49,095ii) Number of shares at the end of year 7,84,49,095 7,84,49,095

Weighted average number of equity shares -outstanding during the year

b) Net Loss/profit after tax available for (67.73) (106.61)Equity shares holder (Rs.in lacs)

c) Basic and diluted earning per 0.00 0.00share (in rupees)

8. SEGMENT INFORMATIONCompany is engaged only in one business segment. Beside, there are not any significantvariations on geographical basis.

9. Payment of Auditors

— Audit Fee 50,000 50,000

— Income Tax 17,41617,416

67,416 67,416


44


45

10. Expenditure in Foreign CurrencyA) Travelling Expenses - -B) Value of Imports on CIF Value (Capital Items) - -C) Souvenir Expenses - -

11. Quantitative information to the extent available and applicable :Current Year Previous Year

(Amount in Rs.) (Amount in Rs.)(A) Capacity :Licenced (Boxes) —Installed (Boxes) 4,56,000 4,56,000

Continuous Computer StationeryNote : Installed capacity is as certified by Managing Director.

(B) Production Turnover Stock :

Product Quantity (Pckts) Value(1000 Sheets) (Rs. in Lacs)

Continuous Computer Papers— Opening Stock 360 0.90

(760) (1.79)

— Production (balancing figure) 41,075 -(54,550) -

— Sales (Including Copier Paper 41,260 102.91 & others) (54,950) (144.47)

— Closing Stock 175 0.46(360) (0.90)

(C) Particulars of Raw Material Consumed Quantity Value(Kg.) (Rs. in Lacs)

— Paper & others1,37,100 69.84

(2,05,863) (107.97)

— Carbon (in Reels) 556 10.17(1,190) (12.42)

(Previous year figures are in brackets)

For and on behalf of the Board of Directors

For N. KUMAR & CO. (RANA WATTS) (DEEPAK KUMAR)Chartered Accountants Managing Director Director

(Narinder Kumar)Prop.

M.No. 080287

Place : KhararDate : 31-05-2014


46

12. BALANCE SHEET ABSTRACT AND COMPANY’S GENERAL BUSINESS PROFILE

A) Registration detailsRegistration Number 12574State Code 16Balance Sheet Date 31 03 2014

Date Month Year

B) Capital raised during the year (Rs. in Lacs)GDR Issue (Including calls received during the year) 0.00

C) Position of mobilisation and deployment of fundsTotal Liabilities 7732.30Total Assets 7732.30Sources of Funds

Paid-up Capital (including Share Application Money) 7844.90Reserve and Surplus -155.40Secured Loans 0.00Unsecured Loans 2.19Deferred Tax Liability (Net) 20.78Current Liabilities & Provisions 19.82

Application of FundsNet Fixed Assets (including preoperative exp.) 116.10Investments 5926.49Net Current Assets 1679.98Misc. Expenditure not written off 0.00

D) Performance of the CompanyTurnover (including other income) 103.59Total Expenditure 175.49Profit before Tax (71.90)Profit after Tax (including deferred tax assets) (67.72)Earning per share in Rupees 0.00

E) Generic names of three Principal Products of the Company

Item Code Number Product Description 482390 Computer Stationery

For and on behalf of the Board of Directors

(RANA WATTS) (DEEPAK KUMAR)Managing Director Director

Place : KhararDate : 31-05-2014


47

CASH FLOW STATEMENT PREPARED PURSUANT TO CLAUSE 32 OFTHE LISTING AGREEMENT FOR THE YEAR ENDING MARCH 31, 2014

PARTICULARS 2013-2014 2012-2013(Amount in Rs.) (Amount in Rs.)

A) CASH FLOW FROM OPERATING ACTIVITIESNet Profit before Tax and Extraordinary Items (7190861.00) (9185884.08)Adjustment for :Capital Reserve for adjustment -Depreciation 1204315.00 1308967.08Interest income/loss/Profit on sale of assets/rental income 67351.00 (30729142.00)Interest Expenses 50862.00 525188.00Preliminary and Share Issue Expenses Written Off 4201180.00 4201180.00Operating Profit before Working Capital Changes (1667153.00) (33879691.00)

Adjustment for :Trade and Other Receivablesa) Sundry Debtors (338177.00) (4820770.00)b) Loans and Advances 3712161.66 55186398.50c) Inventories (1357103.00) (4669184.00)d) Trade Payables 1393763.00 (13720214.50)

Cash Generated from Operations 1743491.66 1903461.00

Interest Paid 50862.00 (525188.00)Direct taxes paid -

Preliminary Expenses (4201180.00) (4201180.00)

Cash Flow before Extraordinary Items (2406826.34) (6629829.00)

B) CASH FLOW FROM INVESTING ACTIVITIES

Purchases/Sale of Fixed Assets (Including Pre.Op. Exps. Capitalised) -Interest received & profit on sale of assets (2194490.00) (6240641.00)

Purchase/Sale of Shares - (15000000.00)

Net Cash Used in Investing Activities (2194490.00) (21240641.00)

C) CASH FLOW FROM FINANCING ACTIVITIES

Change in Long Term Borrowings (215861.00) (198089.00)Change in Short Term Borrowings (10941820.00) 10941820.00Change in Capital - -Preliminary Expenses 2540577.00 2517164.00

Net Cash Flow in Financing Activities (8617104.00) 13260895.00

Net Increase in Cash and Cash Equivalent (A + B + C) (13218420.34) (14609575.00)

CASH AND CASH EQUIVALENT — OPENING BALANCE

Cash in Hand and Balance in Current Account 13024615.34 15123541.01Fixed Deposits

TOTAL 13024615.34 15123541.01

CASH EQUIVALENT — CLOSING BALANCE

Cash in Hand and Balance in Current Account 193805.00 13024615.34Fixed Deposits - -

TOTAL 193805.00 13024615.34

Note : Cash Flow is prepared as per Stock Exchange Regulations.

— Figures in brackets represents outflows.— Previous year figures are regrouped or recast whereever considered necessary.— The Cash inflow on sale of fixed assets has been considered on actual money received.

AUDITORS’ CERTIFICATE

We have verified the above Cash Flow Statement of BECKONS INDUSTRIES LIMITED. derived

from the audited financial statements for the years ended March 31, 2014 and March 31, 2013

and found the same to be drawn in accordance therewith and also with the requirements of

Clause 32 of the listing agreement with the Stock Exchange.

For N. Kumar & Co.Chartered Accountant

Place : Kharar (Narinder Kumar)Date : 31-05-2014 Prop.

M.No. 080287


48

BECKONS TRADING FZE(A subsidiary Company of Beckons Industires Ltd.)

BALANCE SHEET AS ON 31ST MARCH, 2014 (Amount in Rs.)

PARTICULARS AS AT AS AT31-03-2014 31-03-2013

ASSETSCURRENT ASSETSCash and Bank – -Trade receivables – -Other receivable and prepayments – -Inventories – -Profit & Loss a/c – -

Non Current assets :Property, plant and equipment – -

Total assets – -

Liabilities and Owner’s EquityCurrent labilities :Trade and other payables – -Due to related parties – 384,367,120

– 38,43,67,120

Noncurrent liabilitiesTotal liabilities – 384,367,120

Owner’s Equity:Capital – 1,864,500Retained earning – -Current Year Profit/Loss – (38,607,9581)Owner’s current account – (152,039)Total Owner’s equity – (384,367,120)Total liabilities and Owner’s equity – (0)

49

______________________ManagerBeckons Trading FZE

BECKONS TRADING FZE(A subsidiary Company of Beckons Industires Ltd.)

STATEMENT OF INCOME AS ON MARCH, 31, 2014 (Amount in Rs.)

PARTICULARS AS AT AS AT31-03-2014 31-03-2013

Revenue – 70,724,276Cost of turnover – 69,771,086

Gross Profit – 953,190

Administrative Expenses – 950,982Selling and distribution expenses – -

Profit from operating activities: – (2,208)Finance Charges – (3,107)

Net Profit for the year from operations – (899)

Net Profit for the year – (899)

______________________ManagerBeckons Trading FZE

50

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Attendance SlipBECKONS INDUSTRIES LIMITEDRegd. Off. : SCF 725, Indra Market, Jalalabad Regd. Folio No. ____________________

West, Distt. Ferozepur (Pb.) Client IDNumber ____________________

No. of Share ____________________

I hereby record my presence at the 22nd Annual General Meeting of the Company on Tuesday30th September 2014 at SCF 725, Indra Market, Jalalabad West, Distt. Ferozepur (Pb.)

Name of Member/Proxy____________________________ (Signature of Member/Proxy)

NOTES : Please fill up this attendance slip and hand it over at the entrance of the meeting hall. Membersare requested to bring their copies of the Annual Report to the meeting.

________________________________________________________________________________

BECKONS INDUSTRIES LIMITED Proxy FormRegd. Off. : SCF 725, Indra Market, JalalabadWest, Distt. Ferozepur (Pb.)

I / We..............................................................................................................................................................

Folio No......................................... of.................................................................................. in the districtof...............................................being a member / members of the above named Company herebyappoint....................................................................................................... of......................................... in thedistrict of..........................................................................................................or failing him..............................................................................................of...................................................... in the districtof...................................................as my / our proxy to vote for me / us on my / our, behalf at the 22ndANNUAL GENERAL MEETING of the Company to be held on Tuesday 30th September 2014 atSCF 725, Indra Market, Jalalabad West, Distt. Ferozepur (Pb.)

Signed this..........................day of..................2014.

Signature

Note : The proxy form should be deposited at the Regd. Office of the Company at Jalalabadatleast forty eight hours before the meeting.


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Documents

Automatically generated PDF from existing images. at SCF 725, Indra Market, Jalalabad West, Jalalabad, Distt. Ferozepur (Pb.) to transact the following business: ORDINARY BUSINESS