TECHTREK INDIA LIMITED (Previously known as Zentronics Technologies Limited/ Nirmal Metals & Fabricators Limited)

Transcription

1 techtrek TECHTREK INDIA LIMITED TECHTREK INDIA LIMITED (Previously known as Zentronics Technologies Limited/ Nirmal Metals & Fabricators Limited) TWENTYNINTH ANNUAL REPORT BOARD OF DIRECTORS Mr. P.M. Shah : Chairman & Non Executive Director Mr. Dilip V. Damle Mr. Anthony Clifford Gale : Director : Non Executive Director Mr. Krishna Kumar Venkatram Aiyar : Independent Director AUDITORS M/s A. PURI & CO. CHARTERED ACCOUNTANTS BANKERS INDIAN OVERSEAS BANK REGISTERED OFFICE REGISTRAR & SHARE TRANSFER AGENT PLOT NO.124, ROAD NO.17, M.I.D.C, MAROL, ANDHERI (E), MUMBAI PHONE NO invest@techtrekindialimited.com info@techtrekindialimited.com Purva Sharegistry (India) Private Limited UNIT NO. 9, SHIV SHAKTI IND. ESTATE, J. R. BORICHA MARG, OPP. KASTURBA HOSPITAL LANE, LOWER PAREL (EAST), MUMBAI TEL: / 8261 FAX : busicomp@vsnl.com 29 TH ANNUAL REPORT PDF processed with CutePDF evaluation edition

2 TechTrek TECHTREK INDIA LIMITED CONTENTS PAGE NO CHAIRMAN S REVIEW NOTICE OF MEETING... 5 DIRECTORS REPORT OF THE SHAREHOLDERS... 8 MANAGEMENT DISCUSSION & ANALYSIS REPORT COMPLIANCE CERTIFICATE CORPORATE GOVERNANCE REPORT INDEPENDENT AUDITOR'S REPORT BALANCE SHEET AS AT 31 ST MARCH PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31 ST MARCH NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED ON 31 ST MARCH NOTES ON ACCOUNTS ANNEXED TO AND FORMING PART OF THE ACCOUNTS CASH FLOW STATEMENT FOR THE YEAR ENDED ON 31 ST MARCH ATTANDENCE SLIP... CP 29 TH ANNUAL REPORT

3 CHAIRMAN S REVIEW 2013 TECHTREK INDIA LIMITED Dear Shareholders, I have a great pleasure in welcoming you all to your company s 29th Annual General Meeting. In the past couple of years we have laid some very solid ground for building a global Data Management Group but first let me recap on how we have got to this position. TechTrek India Limited started life as Nirmal Metal Fabricators Private Limited (NMFPL) and was incorporated in 1983 It was converted to a Public company in 1985 and listed on the Bombay and Ahmadabad stock exchanges. It quickly gained a solid reputation as a fabricator of precision metal parts and designers and fabricator of control panels for power plants. It had many firsts in engineering innovations including developing collapsible cable drums. Unfortunately due to labour and financial problems it closed its doors to business in During the period some of our promoters incorporated another entity TechTrek Technologies India Limited (TTIL) to develop an international data management business. This has been very successful and has established a global brand with subsidiaries in the UK, Italy, France and Germany and Partners throughout the world. In 2008 a strategic decision was made to use the company as a vehicle for a new IT business and appropriately changes the name to Zentronics Technologies Limited. Finance was arranged by leveraging the company s building asset, while at the same time the objects of the company were changed from metal fabrication to Information Technology (IT) and IT Enabled Services (ITES). Next we started developing the building from Bank funding by way of a loan against rental income when a further setback and considerable loss was experienced when a fire engulfed the building on 27th July It took us another three years to recover and embark on the IT business. Currently we are considering the possibility of merging the company with TTIL and consultants have been engaged to seek an optimum solution. The benefits of joining with TTIL will be considerable and will secure a tangible and profitable future. Accordingly the company has changed it sname to TechTrek India Limited. The Directors report and audited accounts for 2013 have shown considerable improvement with the trading results, up 61 % to 21.8 million INR over the previous year with a return to profitability at 1.7 million INR. This augers well for 2014 and beyond. 29 TH ANNUAL REPORT

4 This excellent change in fortune does not happen by chance. The staff and management team led by Mr. Malhotra have done an excellent job for which I would personally like to thank them. So what about the future? The opportunity to join with TTIL will provide an identity and an opportunity for international growth that your company has not seen in the past. Re-organization and refinancing will be part of the plan being executed by your directors. I am sure that when I report to you next year the name TechTrek India Limited will have a much higher profile with increased sales and profitability. We are committed to a long term growth in earnings per share. Details of all the above aspects of the company s operations are available in the printed report of the company. I am thankful to all stakeholders & employees, for kind co-operation during tough times. I look forward to serve you in the coming year. Place: Mumbai. Date : 2 nd September, 2013 Registered Office : Plot No. 124, Road No. 17, M.I.D.C., Marol, Andheri (East), Mumbai By Order of the Board of Directors TECHTREK INDIA LIMITED P. M. SHAH CHAIRMAN 29 TH ANNUAL REPORT

5 NOTICE OF MEETING TECHTREK INDIA LIMITED NOTICE is hereby given that TWENTY NINTH ANNUAL GENERAL MEETING, of the members of TechTrek India Limited (Previously known as Zentronics Technologies Limited) will be held at the Registered Office of the Company at Plot No.124, Road No.17, M.I.D.C., Marol, Andheri (East), Mumbai on Monday, the 30th September, 2013 at a.m to transact the following business as: ORDINARY BUSINESS: 1. To Consider and adopt the Audited Profit and Loss Account of the Company for the ended 31 st March, 2013 and Balance Sheet as at that date, and the reports of the Directors, Company Secretaries and the Auditors thereon. 2. To appoint a Director in place of Mr. Anthony Clifford Gale who retires by rotation and being eligible, offers himself for re-election. 3. To re-appoint Auditors and fix their remuneration. SPECIAL BUSINESS: 4. To consider and if deemed fit to pass with or without modification[s] the following resolution as a Special Resolution "RESOLVED THAT pursuant to the provisions of Section 372A and other applicable provisions of the Companies Act, 1956, and subject to other applicable provisions including Foreign Exchange Regulation Act, SEBI and any such other such provisions, if any, consent of the members be and is hereby accorded to the Board of Directors of the Company, to invest the funds of the Company for subscribing in the share capital amounting to 201, for the purpose of acquiring 100% holding of shares in TechTrek SAS 165 avenue du Bois de La Pie, BP Paris Nord 2, Roissy Cdg Cedex, France notwithstanding the fact that such amount is in excess of 60 percent of the paid up capital and free reserves of this Company or 100 percent or more of the free reserves of this Company whichever is more. RESOLVED FURTHER THAT however the aggregate of such investments including corporate guarantees/securities provided/loans/advances shall not exceed the amount of Rs. 500 Crores [Rupees Five Hundred Crores Only]. RESOLVED FURTHER THAT for the purpose of giving effect to this resolution, the Board, be and is hereby authorised to do all such acts, deeds, matters and things as may be deemed necessary and settle any or all questions/matters arising with respect to the above matter, and to execute all such deeds, documents, agreements and writings as may be necessary for the purpose of giving effect to this resolution, take such further incidental and ancillary steps in this regard, as may be considered desirable or expedient by the Board in the best interests of the Company and its shareholders." Place : Mumbai. Date : 2 nd September, 2013 Registered Office : Plot No. 124, Road No. 17, M.I.D.C., Marol, Andheri (East), Mumbai By Order of the Board of Directors TECHTREK INDIA LIMITED P. M. SHAH CHAIRMAN 29 TH ANNUAL REPORT

6 NOTES: 1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS ENTITLED TO APPOINT A PROXY TO ATTEND AND VOTE ON A POLL INSTEAD OF HIMSELF AND SUCH PROXY NEED TO BE A MEMBER OF THE COMPANY. PROXIES IN ORDER TO BE VALID MUST BE LODGED AT THE REGISTERED OFFICE OF THE COMPANY NOT LESS THAN 48 HOURS BEFORE COMMENCEMENT OF THE MEETING. 2. The Register of Member will remain close from Friday, 27 th September, 2013 to Monday, 30 th September, 2013 (both days inclusive). 3. Please intimate the changes, if any, in your registered address, to the Company's Registrar & Share Transfer Agent at the following address:- Purva Sharegistry (India) Private Limited Unit no. 9, Shiv Shakti Ind. Estate, J.R. Boricha marg, Opp. Kasturba Hospital Lane, Lower Parel (E) Mumbai Tel : / 8261 Fax : busicomp@vsnl.com 4. Shareholders who have multiple folios in identical names or joint names in the same order are requested to intimate to Company to consolidate all such share holding into a single folio. 5. Shareholders desiring any information as regards the Accounts are requested to write to the Company at any early date so as to enable the Management to keep the information ready. 6. At the ensuing Annual General Meeting Mr. Anthony Clifford Gale - Director, retires by rotation and being eligible offers himself for re-appointment, the brief resume of the director is as under: Name Age Qualification Expertise in Specific Area Mr. Anthony Clifford Gale 63 Years F.C.A. FINANCE Date of First Appointment on the Board of the Company Name(s) of the other companies in which Directorship held and Committee Name TechTrek Technologies(India) Limited 7. The shareholders are requested to send their share certificates to company's registered office address or it's Registrar & Share Transfer Agent at below address to change the name of company consequent to its change of name to TechTrek India Limited. 8. Shareholders who have multiple folios in identical names or joint names in the same order are requested to intimate to Company to consolidate all such share holding into a single folio. 9. Shareholders desiring any information as regards the Accounts are requested to write to the Company at any early date so as to enable the Management to keep the information ready 10. Green initiative tive in Corpor orporate Governanc vernance: e: The Government Of India, Ministry Of Corporate Affairs (MCA) vide its circular no. 17/2011 dated and 18/2011 dated has taken a "Green Initiative" and has allowed companies to make service of documents including 29 TH ANNUAL REPORT

7 Annual Report, Audited Financial Statements, Director's Report, Auditor's Report, etc. to the members through the electronic mode, to the registered addresses of the members. This is a golden opportunity to contribute to our Nation at large. All you have to do is to register your address with the company to receive communication through the electronic mode. Explanatory Statement Pursuant to section 173(2) of the Act TechTrek SAS is a Private Limited Company registered in 165 avenue du Bois de La Pie, BP Paris Nord 2, Roissy Cdg Cedex, France and is engaged in the business of data management including the processing of microfilm/fiche and digital archiving. TechTrek SAS is one of the group Company. In view of business exigency, your Board approved the acquisition of TechTrek SAS in the previous year and after doing proper due diligence and other formalities the actual shares were acquired in April, Your Company had acquired the equity shares of TechTrek SAS, representing 100% of the share capital of TechTrek SAS from its existing shareholders. By virtue of this investment, TechTrek India Limited (TIL) broadens its portfolio of service- related businesses with an entry into foreign markets. As an entry into foreign markets, it is the Company's strategy to invest in TechTrek SAS that broadens its business services platform to increase shareholder value. Tech Trek SAS's wide range of services and reputation, offers a wonderful opportunity with numerous synergistic advantages, to extend the services that TIL offers to client companies across India. The acquisition was funded out of a mix of share capital, internal accruals and/or raising of funds in the form of such mode as may be permissible and as may be decided by the Board subject to such approvals, as may be required from the statutory body(ies)/ authority(ies)/ Banks. In terms of Section 372A of the Companies Act, 1956, the Company shall not make any loan, give any guarantee or provide security or acquire by way of subscription, purchase or otherwise the securities of other body(ies) corporate whether a subsidiary or not, exceeding sixty per cent of its paid-up share capital and free reserves, or one hundred per cent of its free reserves, whichever is more, except with the prior approval of the shareholders/ members by way of a Special Resolution. However due to business exigency, the company has acquired the shares in TechTrek SAS and thus now seeks the shareholders' approval for the same by passing the Special Resolution approving the investment in terms of Section 372A. The Company is therefore desirous of seeking your consent for such proposal as contained in the aforesaid Resolution. None of the Directors of the Company is in any way concerned or interested in the proposed resolution except to the extent of his / her shareholding in the Company. Place : Mumbai. Date : 2 nd September, 2013 Registered Office : Plot No. 124, Road No. 17, M.I.D.C., Marol, Andheri (East), Mumbai By Order of the Board of Directors TECHTREK INDIA LIMITED P. M. SHAH CHAIRMAN 29 TH ANNUAL REPORT

8 DIRECTORS REPORT OF THE SHAREHOLDERS Your Directors have pleasure in presenting their 29 th Annual Report with the Audited Account of the Company for the period ended 31 st March, FINANCIAL RESULTS: (Rs. in Lac) For the year ended on For the year ended on Total Income Profit / (Loss) before Taxation Provision for Tax Short Provision of Previous Year Profit / (Loss) after Taxation (14.52) Depreciation & Amortization Profit / (Loss) transferred to General Reserve (14.53) OPERATONS: The total income for the period ended was Rs Lac against previous year Rs lac. During the year under review the company has earned a profit of Rs Lac against previous year's loss of Rs. (14.53 Lac). CURRENT STATUS AND FUTURE PLANS OF COMPANY: For the year under review, Company has come out successfully from the last year's loss making position and manage to stable the profitability. Currently the Company's major portion of income consists Rent income. As decided by management and to earn additional income, Company has given its office building's additional space on lease to various parties. Company is continuously placing its sincere efforts to grow the business in field of IT and IT enabled services. Management and efficient IT team have also planning for profitable IT projects which will take place in near future to improve the Company's base as IT player and give the concrete way to grow in this field. DIVIDEND: In view of reservation and to make a stronger base of profit in future, your Directors have decided not to recommend any dividend for the year under review. (Previous Year: Nil). FIXED DEPOSITS: The Company has not invited / accepted / renewed any fixed deposits as per the provisions of Section 58 A of the Companies Act 1956 from the public during the year under review. CONSERVATION OF ENERGY: The company is into Services Industry hence the information regarding conservation of energy, Technology Absorption, Adoption and innovation, the information required under section 217(1)(e) of the Companies Act, 1956 read with the Companies (Disclosure of particulars in the Report of Board of Directors) Rules 1988, is reported to be NIL. 29 TH ANNUAL REPORT

9 TECHNOLOGY ABSORPTION FOREIGN EXCHANGE EARNING AND OUTGO: Information related the foreign exchange is as below: Foreign exchange earnings - Rs Lacs Foreign exchange outgoings - Rs. Nil PARTICULARS OF EMPLOYEES: There were no employees during the year or part of the year drawing remuneration, which falls within the preview of the provisions of Section 217 (2A) of the Companies Act DIRECTORS RESPONSIBILITY STATEMENT: In terms of Section 217 (2AA) of the Companies Act 1956, the directors would like to state that: i) In the preparation of the Annual Accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures; ii) The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit of the Company for the year under review. iii) The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; iv) The Directors have prepared the Annual Accounts on a going concern basis. AUDITORS: M/s. A. Puri & Co, Auditors of the Company retire at the conclusion of ensuring Annual General Meeting and are eligible for reappointment. You are requested to appoint Auditors to hold of his until the next Annual General Meeting. AUDITORS REPORT: The observation made in the Auditors Report read together with relevant notes thereon are self explanatory and hence do not call, any further comments under Section 217 of the Companies Act SECRETARIAL AUDITORS REPORT: The Compliance Certificate under section 383A has been obtained from the Practicing Company Secretary and is form part of the Balance Sheet. DIRECTOR RETIRE BY ROTATION: Mr. Anthony Clifford Gale retires by rotation at the ensuing Annual General Meeting and being eligible offers himself for re-appointment. Your Directors recommends his re-appointment. POSTAL BALLOT: In order to infuse liquidity into the Company to meet its future expansion and other plans the Company decided to include the Corporate Guarantee Clause by altering Memorandum of Association (MOA) under Section 17 and to provide Corporate Guarantee to group company/ies under Section 372A of the Companies Act, For this purpose the Company needed the approval of the shareholders of 29 TH ANNUAL REPORT

10 the Company and the approval is decided to be taken by Special Resolution through Postal Ballot in accordance to provisions of Section 192A of the Companies Act, 1956 read with The Companies (Passing of Resolution by Postal Ballot) Rules, The shareholders are requested to give their assent or dissent on the resolution, sign the same and return the form duly completed in the attached self addressed, postal prepaid envelope so as to reach the Scrutinizer before the closing of working hours on or before Monday, the 30th Day of September, 2013 at C/O Purva Sharegistry (India) Pvt. Ltd., Unit No. 9, Shiv Shakti Ind. Estt., J. R. Boricha Marg, Opp. Kasturba Hospital Lane, Lower Parel (E).Mumbai The Company has appointed Mr. Anish Gupta, Practising Company Secretary as a Scrutinizer to scrutinize the Postal Ballot Form in a fair and transparent manner. The Scrutinizer will submit his report on the Postal Ballot and announce the result on Tuesday, the 1st Day of October, 2013 at the Registered Office of the Company situated at Plot No. 124, Road No. 17, M.I.D.C., Marol, Andheri (East), Mumbai and the result will also publish in the newspapers. ACQUISITION OF SHARES OF TECHTREK SAS, FRANCE Your Company had acquired the equity shares of TechTrek SAS, representing 100% of the share capital of TechTrek SAS from its existing shareholders. By virtue of this investment, TechTrek India Limited (TIL) broadens its portfolio of service- related businesses with an entry into foreign markets. TechTrek SAS is a Private Limited Company registered in 165 avenue du Bois de La Pie, BP Paris Nord 2, Roissy Cdg Cedex, France and is engaged in the business of data management including the processing of microfilm/fiche and digital archiving. TechTrek SAS is one of the group Company. In view of business exigency, your Board approved the acquisition of Tech Trek SAS in the previous year and after doing proper due diligence and other formalities the actual shares were acquired in April, CORPORATE GOVERNANCE REPORT: A separate report on corporate governance is attached herewith which may be considered as a part of Directors Report. MANAGEMENT DISCUSSION AND ANALYSIS REPORT: A separate report on Management Discussion and Analysis Report is attached herewith which may be considered as a part of Directors Report. APPRECIATION: Your Company & its Directors wish to extend their sincerest thanks to the Bankers, State Government, Customers, Suppliers and Staff for their continuous co-operation & guidance. For and on behalf of Board of Directors. TECHTREK INDIA LIMITED Place : Mumbai Date : 2nd September, 2013 P M Shah D V Damle Director Director 29 TH ANNUAL REPORT

11 MANAGEMENT DISCUSSION AND ANALYSIS REPORT The management of your Company presents its analysis covering the performance of the Company during the year and an outlook for future. INDUSTRY STRUCTURE, DEVELOPMENT: Your Company is engaged in IT Business and IT Enabled Services. The company has no manufacturing activities. PERFORMANCE: The present major income of the Company comes from the rental income. Company is in the process to develop its business in IT and IT enabled services SEGMENT-WISE PERFORMANCE: The Company is not manufacturing any products. Thus no segment wise performance is given. THREATS: This IT & IT enabled services has undergone significant changes during the past few years. Due to one or other reasons, the Company's ability to run the business has been affected. Further, the Indian economy is now integrated with the world economy to a very large extent and therefore vulnerable to the direct impact of such a slowdown; such an impact could adversely affect the Company's performance as well. EXPLORATION: The management is evaluating various offers and opportunities suitable to the best interest of the Company in the field of IT and IT enabled services. STRENGTH: The existing CEO and his associates, has a strong technical knowledge and experience in the IT sector. Their experience and expertise in the IT Sector can be used as a tool to come out of dire health to healthy financial state. OPPORTUNITIES AND OUTLOOK: The IT industry is showing healthy signs of growth after the worldwide recession in The Company is trying to augment working capital limits and looking to reach optimum operation levels. The Company's focus will be on sustaining its competitive edge and maximizing growth through available opportunities, by means of on-going efforts towards offering value-added products and services, reducing delivery lead times, lowering costs, rationalizing resources, increasing productivity, strengthening the IT infrastructure and further improving its service. The long term outlook for the IT Industry is good. 29 TH ANNUAL REPORT

12 RISKS AND CONCERNS: Your company is working essentially in global market place. Global macro economic factors remain permanent risks attached to our existing and proposed business. Further the booming market has seen new players entering the markets, which will also be a concern. However the capability of providing quality services, timely completing of projects and the excellent performance will provide the competitive edge to the Company's proposed business in this sector. INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY: The Company has proper and adequate internal control system commensurate with the size of the business operations geared towards achieving efficiency in its various business operations, safeguarding assets, optimum utilization of resources and compliance with statutory regulations. The audit committee reviews the implementation of management policies to ensure that transaction has been accurately recorded and promptly reported. HUMAN RESOURCES VIS-À-VIS INDUSTRIAL RELATIONS: The Company values and appreciates the dedication and drive with which its employees have contributed towards improved performance during the year under review CAUTIONARY STATEMENT: Statements in the Management Discussion and Analysis describing the Company's objectives, projections, estimates and expectations may be 'forward looking statements' within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the Company's operations include economic conditions affecting demand/supply and price conditions in the domestic and overseas markets in which the Company operates changes in the Government regulations, tax laws, and other statutes and other incidental factors. For and on behalf of Board of Directors. TECHTREK INDIA LIMITED Place : Mumbai Date : 2 nd September, 2013 Chairman 29 TH ANNUAL REPORT

13 Anish Gupta & Associates Company Secretaries 413 Autumn Gruve, Opp Lokhandwala School, Lokhandwala Township, Kandivali E, Mumbai Telefax: FORM [SEE RULE 3] COMPLIANCE CERTIFICATE Registration No. : Nominal Capital : Equity - Rs. 7,00,00,000/- Paid up Capital : Equity - Rs. 3, 63,02,200/- To, The Members TechTrek India Limited Mumbai We have examined the registers, records, books and papers of M/s TechTrek India Limited (Previously known as Zentronics Technologies Limited) having its Registered Office situated at Plot No. 124, Road No. 17, Midc Marol, Andheri (E) Mumbai (the Company) as required to be maintained under the Companies Act, 1956, (the Act) and the rules made there under and also the provisions contained in the Memorandum and Articles of Association of the Company, for the financial year ended on 31st March, 2013 (Financial Year). In our opinion and to the best of our information and according to the examinations carried out by us and explanations furnished to us by the company, its officers and agents, we certify that in respect of the aforesaid financial year: 1. The company has kept and maintained all registers as stated in Annexure A to this certificate, as per the provisions of the Acts and rules made there under and all entries therein have been duly recorded. 2. The company has duly filed the forms and returns as stated in Annexure B to this certificate, with the Registrar of Companies, Regional Director, Central Government, Company Law Board or other authorities within the time prescribed under the Act and the rules made there under except as mentioned in Annexure B. 3. The company being a Public limited company has the minimum paid-up capital. 4. The Board of Directors duly met 10 (Ten) times respectively on , , , , , , , , & in respect of these meetings proper notices were given and the proceedings were properly recorded and signed in the Minutes Book maintained for the purpose. 5. The company has closed its Register of Members during the financial year under review as required under section 154 of the Companies Act, TH ANNUAL REPORT

14 6. The Annual General Meeting for the Financial Year ended 31 st March, 2012 was held on 29 th September, 2012 after giving due notice to the members of the company and the resolutions passed there at were duly recorded in Minutes Book maintained for the purpose. 7. No Extra ordinary meetings was held during the financial year under review. 8. During the period under review, the company has not given any fresh loan to firms and companies in which directors are interested referred to in the Section 295 of the Act. 9. The Company has not entered into any contracts falling with the purview of Section 297 of the Act. 10. The Company has made the required entries in the register maintained under section 301 of the Act. 11. As there were no instances falling under the preview of Section 314 of the Act, the Company is not required to obtain any approvals from its Directors, members or the Central Government as the case may be. 12. The Company has not issued any duplicate share certificates during the financial year under review. 13. The Company has: (i) dispatched shares on transfer of shares. Further the Company has not allotted/transmitted any securities during the year under review. (ii) not deposited any amount in a separate Bank Account as no dividend was declared during the financial year under review. (iii) not posted warrants to any member of the company as no dividend was declared during the financial year under review. (iv) the company was not required to transfer any amounts in respect of any dividend, interest etc as given under section 205C of the Companies Act, 1956, which have remained unclaimed or unpaid for a period of seven years to Investor Education and Protection Fund during the period under review. (v) duly complied with the requirements of section 217 of the Act. 14. The Board of Directors of the company is duly constituted. There was no appointment of any additional directors, alternate directors and directors to fill casual vacancies during the year under review. 15. The company has not appointed any Managing Director, Whole Time Director, Managers pursuant to section 269 read with Schedule XIII of the Act during the period under review. 16. The company has not appointed any sole-selling agents during the financial year under review. 17. The Company is required to submit application for compounding of offence for non-compliance of provisions of Section 372A of the Companies Act, The directors have disclosed their interest in other firms and companies to the Board of Directors pursuant to the provisions of the Act and the rules made there under. 19. The company has not issued any securities during the financial year. 29 TH ANNUAL REPORT

15 20. The company has not bought back any shares during the financial year ending 31st March, There was no redemption of preference shares or debentures during the financial year under review. 22. There were no transaction necessitating the company to keep in abeyance the rights to dividend / rights shares and bonus shares pending registration of transfer of shares. 23. The Company has not invited / accepted any deposits including any unsecured loans falling within the purview of Section 58A during the financial year. 24. The borrowings made by the Company during the financial years are with in the limit as prescribed by the provisions of section 293(1)(d) of the Act. 25. The company has given loans and guarantee and invested in other bodies corporate during the period under review in excess of limited specified in Section 372A of the Act, for which the approval of the shareholder has not been obtained. 26. The company has not altered the provisions of the memorandum with respect to situation of the company's registered office from one state to another during the financial year under scrutiny. 27. The company has not altered the provisions of the memorandum with respect to the objects of the company during the financial year under scrutiny. 28. The company has not altered the provisions of the memorandum with respect to name of the company during the financial year under scrutiny. 29. The company has not altered the provisions of the memorandum with respect to share capital of the company during the financial year under scrutiny. 30. The company has not altered its articles of association during the financial year under review. 31. There was no prosecutions initiated against or show cause notices received by the company during the financial year under review for offences under the Act. 32. The company has not received any amount as security from its employees during the financial year under certification. 33. As per the information provided by the Company the provisions of the Provident Fund is not applicable to the Company. Place : Mumbai Date : 2 nd September, 2013 For Anish Gupta & Associates Company Secretaries Anish Gupta Proprietor 29 TH ANNUAL REPORT

16 Registers maintained by the Company Annexure A 1. Register of Members u/s 150 of the Act. 2. Register and Returns u/s 163 of the Act. 3. Books of Accounts and other Records u/s 209 of the Act. 4. Register of Directors u/s 303 of the Act. 5. Register of Directors Shareholding u/s 307 of the Act. 6. Register of Contracts u/s Register of Share Transfer. 8. Register of Charges. Annexure B Forms and Returns as filed by the Company with the Registrar of Companies during the financial year ending on 31 st March, Sr. Form No. Filed For Challan Date Whether If delay No. / Return under No. of filed in filing Section filing within whether prescribed requisite time Yes/No 01. Form A P /10/2012 Yes Form 20B Q /11/2012 Yes Form 23B 224(1A) S /11/2012 Yes Form 23AC & 23ACA XBRL Q /01/2013 Yes Form A B /02/2013 Yes Form B /04/2012 No Yes 07. Form B /04/2012 No Yes additional fee paid Yes/No Place : Mumbai Date : 2 nd September, 2013 For Anish Gupta & Associates Company Secretaries Anish Gupta Proprietor 29 TH ANNUAL REPORT

17 CORPORATE GOVERNANCE REPORT TECHTREK INDIA LIMITED Company s Philosophy on Corporate Governance: The Company s philosophy is to aim at the highest levels of quality management through transparency and commitment to all the stakeholders viz. its shareholders, employees, Government, lenders (Banks/ Financial Institutions) and the promoters. Board of Directors: The Board of Directors provides the strategic direction and thrust to the operations of the Company. The Board has a Non Executive Chairman and 3 other Directors. Out of these, 2 members are Independent Directors. Board procedures: The Director prepares the agenda in consultation with the Board of Directors and the Chairman of the various committees. The agenda for the meetings of the Board and its Committees, together with the appropriate supporting documents, are circulated well in advance of the meetings. The meetings are held at the Registered Office of the Company. Attendance at Board Meeting: During the year under review, the Board of Directors met 10 (Ten) times on (i) 30th April, 2012 (ii) 21st May, 2012 (iii) 10th August, 2012, (iv) 1st September, 2012 (v) 6th October, 2012 (vi) 10th November, 2012 (vii) 12th November, 2012 (viii) 8th January, 2013 (ix) 14th February, 2013 (x) 15th February, 2013 The attendance record of the Directors at each Board meeting and the last Annual General Meeting held on 29th September, 2012 is given below: Name of Director Type of Board AGM No. of No. of Director Meeting Attended Committee outside Attended Memberships Directorships held (excl. held (excl. Private Cos.) Private Cos.) Mr. Praveen Shah Chairman & Non 10 Yes NIL NIL Executive Director Mr. Dilip Damle Non Executive 10 Yes NIL NIL Director Mr. Anthony Clifford Non Executive 0 No NIL 2 Gale Director Mr. Krishna Kumar Independent 10 No NIL NIL Venkatram Aiyar Director Brief Resume of Directors seeking re-appointment: A brief resume of Directors seeking re-appointment at the 29 th Annual General Meeting is given in notes to the Annual Report. 29 TH ANNUAL REPORT

18 Audit Committee: The Audit Committee consists of three Non Executive Directors viz. The Audit Committee met 5 (Five) times on 21st May, 2012, 10th August, 2012, 1st September, 2012, 10th November, 2012 and 15th February, Sl. No. Name Category of Membership 1. Mr. Dilip Damle Chairman 2. Mr. P M Shah Member 3. Mr. Krishna Kumar Aiyar Member The terms of reference of the Audit Committee are as per the guidelines set out in the Listing Agreement with the stock exchanges. The Attendance of Directors at the Audit Committee Meetings held during the year ended 31st March 2013 is given below: Sl. No. Name Meetings Held Meetings Attended 1. Mr. Dilip Damle Chairman 5 2. Mr. P M Shah Member 5 3. Mr. Krishna Kumar Aiyar Memeber 5 Shareholders/Investors Grievance and Share Transfer Committee: The Shareholders/Investors Grievance and Share Transfer Committee consists of three Non Executive Directors viz. Sl. No. Name Category of Membership 1. Mr. Dilip Damle Chairman 2. Mr. P M Shah Member 3. Mr. Krishna Kumar Aiyar Member The Committee oversees the performance of share transfer and recommends measures to improve the shareholders/investors service. The committee meets from time to time and approves the transfer and transmission of shares, deletion of names, issue of duplicate share certificates etc. The Committee facilitates prompt and effective redressal of investor's complaints and the reporting of the same to the Board of Directors. Mr. P. M. Shah is the Compliance officer. Remuneration Committee: The Remuneration Committee comprise of three Directors viz : Sl. No. Name Category of Membership 1. Mr. Dilip Damle Chairman 2. Mr. P M Shah Member 3. Mr. Krishna Kumar Aiyar Member 29 TH ANNUAL REPORT

19 The terms of reference of the Remuneration Committee are as per the guidelines set out in the Listing Agreement with the stock exchanges that include determination of the Company s policy on specific remuneration packages for Directors. The Non-executive Directors are not paid commission not the sitting fees for attending meetings of the Board or Committee thereof. No Remuneration Committee Meeting held during the year ended 31 st March General Body Meetings: (i) The particulars of Annual General Meetings held during the last three years are as under: Year Date and Time Venue th September, p.m. Registered Office : Plot No.124, Road No.17, M.I.D.C., Marol, Andheri (East), Mumbai th September, a.m. Registered Office : Plot No.124, Road No.17, M.I.D.C., Marol, Andheri (East), Mumbai th September, a.m. Registered Office : Plot No.124, Road No.17, M.I.D.C., Marol, Andheri (East), Mumbai (ii) The particulars of Extra-Ordinary General Meetings held during the last three years are as under: Year Date and Time Venue Particulars 2012 N.A. N.A. N.A N.A. N.A. N.A rd February, 2010 Plot No.124, Road No.17, Change of Name at a.m. M.I.D.C., Marol, Andheri (East), Mumbai (iii) Special Resolution passed in the previous three Annual General Meeting No Special Resolution was passed in the last three Annual General Meeting. (iv) Postal Ballot The Company proposes to obtain approval to provide loans and advances, provide Corporate Guarantee to other bodies corporate under Section 372A of the Companies Act, through the process of Postal Ballot in accordance with the provisions of Section 192A of the Companies Act, 1956 read with The Companies (Passing of Resolution by Postal Ballot) Rules, TH ANNUAL REPORT

20 Disclosures: a. Related Party Transactions: Disclosure on transaction(s) with related party as required under Accounting Standard 18 has been incorporated in the Notes to the Accounts. b. There have been no instances of non-compliance with Stock Exchange. c. The Company has complied with the requirements of the Listing Agreement with the Stock Exchanges as well as with the Regulations of the Securities and Exchange Board of India, subject to note (b) above. d. Our risk management procedures ensure that the management control risks through means of a properly defined framework. e. Our whistle blower policy encourages disclosure in good faith of any wrongful conduct on a matter of general concern and protects the whistle blower from any adverse personnel action. The Company's personnel have not been denied access to the Audit Committee Certificate on Corporate Governance: The company has obtained a certificate from the auditor regarding compliance with the provisions relating to Corporate Governance laid down in Clause 49 of the Listing Agreement with Stock Exchanges which is attached herewith. Means of Communication: Information like Quarterly Financial Results and Press Releases on significant developments in the Company has been made available from time to time to the Press and has also been submitted to the Stock Exchanges to enable them to put them on their web sites. The Company has its own website and all the vital information relating to the Company is displayed on the said website. The address of the website is Management discussion and Analysis Report: The Management Discussion and Analysis (MDA) giving an overview of the Company s business and its financial etc. is provided separately as part of this Annual Report. Code of Conduct: The code of Conduct for all the members of the Board and senior management of the Company has been prepared. Shareholders Information: 1. Annual General Meeting Date : 30 th September, 2013 Time : A.M. Venue : Plot No.124, Road No.17, M.I.D.C., Marol, Andheri (East), Mumbai Book Closure Date 27 th September, 2013 to 30 th September, Financial Calendar April, 2012 to March, TH ANNUAL REPORT

21 Results for the quarter ending June 30, 2012 Results for the quarter ending September 30, 2012 Results for the quarter ending December 31, 2012 Results for the quarter ending 31 st March, 2014 Annual General Meeting for financial year 31 st March, 2014 By 15 th August, 2013 (tentative) By 15 th November 2013(tentative) By 15 th February, 2014 (tentative) By 30 th May 2014 (tentative) On or before 30 th September, Listing of Shares on Stock Exchanges The Equity Shares of the Company are listed on the Bombay Stock Exchange Limited. Stock Code : ISIN No : INE892N01015 Your Board of Directors have pleasure to inform you that Company has duly registered with CDSL (Central Depository Securities Limited) and NSDL (National Securities Depository Limited) to facilitate the dematerialise and other related services to shareholders. 5. Status of Listing Fees The Company has paid Listing Fees for the year to the Bombay Stock Exchange Limited. 6. Stock Price Data Given below is the Market Price Data in respect of The Stock Exchange, Mumbai: Bombay Stock Exchange High (in Rs.) Low (in Rs.) April May June July August September October November December January February March Registrar and Share Transfer Agents Purva Sharegistry (India) Private Limited Unit No. 9, Shiv Shakti Ind. Estate, J.R. Boricha Marg, Opp. Kasturba Hospital Lane, Lower Parel (E). Mumbai Tel : / 8261 Fax : busicomp@vsnl.com 29 TH ANNUAL REPORT

22 8. Shareholding Pattern & Distribution Schedule as on Category No. of Shares Percentage Promoters and Persons acting in concert Mutual Funds NIL NIL Financial Institutions/Banks NIL NIL Foreign Institutional Investors NIL NIL Private Corporate Bodies Public NRI s NIL NIL Clearing Members NIL NIL TOTAL Percentage of Shares held in physical & dematerialized form As on : No. of Shares % NSDL CDSL PHYSICAL TOTAL Address for Correspondence: TECHTREK INDIA LIMITED Plot No.124, Road No.17, M.I.D.C., Marol, Andheri (East), Mumbai Phone No invest@techtrekindialimited.com info@techtrekindialimited.com CODE OF CONDUCT DECLARATION As provided under Clause 49 (I) (D) (ii) of the Listing Agreement with the Stock Exchanges, all the Board Members and the Senior Management personnel have confirmed compliance with the code of conduct for the financial year ended 31st March 2013 over financial reporting. For and on behalf of Board of Directors. TECHTREK INDIA LIMITED Place : Mumbai Date : 2 nd September, 2013 Chairman 29 TH ANNUAL REPORT

23 To The Board of Directors TechTrek India Limited Mumbai TECHTREK INDIA LIMITED C F O CERTIFICATE ON FINANCIAL GOVERNANCE Certification of Financial Results for the period ended 31st March, We have reviewed the financial statements and cash flow statement for the said period and that to 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 that might be misleading; (ii) These statements together present a true and fair view of the Company's and are in compliance with existing accounting standards, applicable laws & regulations. There are, to the best of our knowledge and belief, no transactions entered into by the Company during the period which are fraudulent, illegal or violative of the Company's code of conduct. We accept responsibility for establishing and maintaining internal controls and we have evaluated the effectiveness of the internal control systems of the company and we have disclosed to the auditors, and to the audit committee, deficiencies in the design or operation of internal controls, if any, of which we are aware and the steps we have taken or propose to take to rectify these deficiencies. There are no: (i) Significant changes in internal control during the period. (ii) Significant changes in accounting policies during the period and that the same have been disclosed in the notes to the financial statements; and (iii) Instances of significant fraud of which we have become aware and the involvement therein, if any, of the management or an employee having a significant role in the company's internal control system. We have fully complied with Accounting manual of the Company and reviewed very carefully the checklists prepared by the Company. Place : Mumbai Dated : 2 nd September, 2013 For and on behalf of Board of Directors. TECHTREK INDIA LIMITED Chairman 29 TH ANNUAL REPORT

24 To, The Members TechTrek India Limited Mumbai TECHTREK INDIA LIMITED AUDITOR S CERTIFICATE ON CORPORATE GOVERNANCE We have examined the compliance of conditions of Corporate Governance by TechTrek India Limited (Previously known as Zentronics Technologies Limited) for the year ended on 31st March, 2013 as stipulated in clause 49 of the Listing Agreement of the said Company with stock exchange. The compliance of conditions of Corporate Governance is the responsibility of the Management. Our Examination was limited to the procedures and implementation thereof, adopted by the Company to ensure Compliance with the conditions of Corporate Governance. It is neither an audit nor an expression of an opinion on the financial statements of the Company. In our opinion and to the best of our information and according to the explanations given to us and the representations made by the Directors and the Management, we certify that the company has complied with the conditions of the Corporate Governance as stipulated in the above-mentioned Listing Agreement under the clause 49. However, though it has been explained to us the management of the company is committed to be persistent in their efforts to ensure that these conditions are also fulfilled at the earliest. We further state that such compliance is neither an assurance as to the future viability of the Company nor the efficiency or effectiveness with which the management has conducted the affairs of the company. A. PURI & CO Chartered Accountants (Ashok Puri) Place : Mumbai Proprietor Date : 2 nd September, 2013 Membership No TH ANNUAL REPORT

25 M/S. A. PURI & CO. CHARTERED ACCOUNTANTS E-614, Crystal Plaza, Link Road, Andheri (West), Mumbai INDEPENDENT AUDITOR'S REPORT To the Members of TECHTREK INDIA LIMITED, MUMBAI. (FORMERLY KNOWN AS ZENTRONICS TECHNOLOGIES LIMITED) Report of Financial Statements We have audited the accompanying financial statements of TECHTREK INDIA LIMITED, MUMBAI. ("the Company"), which comprise the Balance Sheet as at 31st March 2013, and the Statement of Profit and Loss and Cash Flow Statement for the year then ended, and a summary of significant accounting policies and other explanatory information. Management's Responsibility for the Financial Statements Management is responsible for the preparation of these financial statements that give a true and fair view of the financial position, financial performance and Cash flows of the Company in accordance with the Accounting Standards referred to in section 211(3C) of the Companies Act, 1956 ("the Act"). This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error. Auditors' Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatements. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating 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 our audit opinion. 29 TH ANNUAL REPORT

26 Opinion In our opinion and to the best of our information and according to the explanations given to us, the financial statements give the information required by the Act in the manner so required and give a true and fair view in 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 31st March, 2013; b) In the case of the Profit and Loss Account, of the Profit 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. Report on Other Legal and Regulatory Requirements 1. As required by the Companies (Auditor's Report) Order, 2003 ("the Order") issued by the Central Government of India in terms of section 227 (4A) of the Act, we give in the Annexure a statement 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 belief were 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 as appears from our examination of those books c) The Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement dealt with by this Report are in agreement with the books of account. d) In our opinion, the Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement comply with the Accounting Standards referred to in section 211(3C) of the Companies Act, 1956; e) On the basis of written representations received from the directors as on 31st March, 2013, and taken on record by the Board of Directors, none of the directors are disqualified as on 31st March, 2013, from being appointed as a director in terms of section 274(1)(g) of the Companies Act, f) Since the Central Government has not issued any notification as to the rate at which the cess is to be paid under section 441A of the Companies Act, 1956 nor has it issued any Rules under the said section, prescribing the manner in which such cess is to be paid, no cess is due and payable by the Company. A. PURI & CO Chartered Accountants (Regn. No W) (Ashok Puri) Place : Mumbai Proprietor Dated : 2 nd September, 2013 Membership No TH ANNUAL REPORT

27 ANNEXURE TO THE AUDITORS' REPORT TECHTREK INDIA LIMITED The Annexure referred to in Paragraph 1 under the heading of "Report on other Legal and Regulatory Requirement" of our report of even date to the members of TechTrek India Limited, Mumbai on the accounts of the company for the year ended 31st March On the basis of such checks as we considered appropriate and according to the information and explanation given to us during the course of our audit, we report that: 1. In respect of its fixed assets: 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 reasonable intervals; 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 has been disposed during the year and therefore does not affect the going concern assumption. 2. In respect of its Inventories: As explained to us, the company does not deal in any inventories. 3. In respect of loans, Secured or unsecured, granted or taken by the Company to/from companies, firm or other parties covered in the register maintained under Section 301 of the Companies Act, 1956: (a) The Company has neither granted Loans nor taken any Loans from parties covered in the register maintained under section 301 of the Act. 4. In our opinion and according to the information and explanations given to us, there is generally an adequate internal control procedure commensurate with the size of the company and the nature of its business, for the purchase of fixed assets and payment for expenses & for sale of goods. During the course of our audit, no major instance of continuing failure to correct any weaknesses in the internal controls has been noticed. 5. In respect of transactions covered under Section 301 of the Companies Act, 1956, in out opinion and according to the information and explanations given to us: Based on the audit procedures applied by us and according to the information and explanations provided by the management, we state that there are no transactions covered under section 301 of the Act and as such no disclosure is required. 6. The Company has not accepted any deposits from the public covered under section 58A and 58AA of the Companies Act, In our opinion, the internal audit system of the Company is commensurate with the size and nature of its business. 29 TH ANNUAL REPORT

28 8. We are informed that the Central Government has not prescribed maintenance of cost records under section 209(1)(d) of the Companies Act, 1956 for any of the products of the Company. 9. In respect of statutory Dues: (a) (b) According to the records of the company, and according to information and explanations given to us, the Company does not have any Provident Fund Scheme, ESI Scheme as the Number of employees is below the minimum limit. According to the information and explanations given to us there were no outstanding statutory dues as on 31st of March, 2013 for a period of more than six months from the date they became payable, except Rs /- payable on account of Property Tax. According to the information and explanations given to us, there is no amounts payable in respect of income tax, wealth tax, service tax, sales tax, customs duty and excise duty which have not been deposited on account of any disputes. 10. The Company has accumulated losses at the end of the financial year. However, the Company has not incurred cash loss during the financial 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 financial institution, bank or debenture holders. 12. According to the information and explanations given to us, the Company has not granted loans and advances 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 this clause of the Companies (Auditor's Report) Order, 2003 (as amended) is not applicable to the Company. 14. In our opinion and according to the information and explanations given to us, the Company is not dealing in or trading in shares, securities, debentures and other investments. Accordingly, the provisions of clause 4(xiv) of the Companies (Auditor's Report) Order, 2003 are not applicable to the Company. 15. According to the information and explanations given to us, and the representation made by the Management, the Company has given two Corporate Guarantees for Overdraft facilities taken by a Company from a Bank in India and another facility taken by another Company from a branch of a Indian Nationalised Bank in UK. 16. In our opinion and according to the information and explanations given to us, the Company had taken new Term Loans during the year and is repaying equated monthly instalments inclusive of interest on the specified dates. 29 TH ANNUAL REPORT

29 17. In our opinion and according to the information and explanations given to us, and on an overall examination of the Balance Sheet of the Company as at 31st March 2013, we report that no funds raised on short-term basis have been used for long term investment and vice-versa. 18. According to the information and explanations given to us, the Company has not made any Preferential Allotment of Shares to parties and companies covered in the Register maintained under Section 301 of the Companies Act, 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. To the best of our knowledge and belief and according to the information and explanations given to us, no fraud on or by the Company have been noticed or reported during the course of our Audit. A. PURI & CO Chartered Accountants (Regn. No W) (Ashok Puri) Place : Mumbai Proprietor Dated : 2 nd September, 2013 Membership No TH ANNUAL REPORT

30 BALANCE SHEET AS AT 31 ST MARCH 2013 PARTICULARS NOTES CURRENT YEAR PREVIOUS YEAR Rs. Rs. I EQUITY AND LIABILITIES Shareholder's Fund Share Capital 1 36,302, ,302, Reserves and Surplus 2 106,172, ,670, ,474, ,972, Non-Current Liabilities Long - Term Borrowings 3 37,164, ,154, Current Liabilities And Provisions Short - Term Borrowings 4 17,424, ,365, Trade Payables 5 1,407, ,660, Other Current liabilities 6 31,144, ,479, ,977, ,505, Total Equity and Liabilities 229,615, ,631, II ASSETS Non-Current Assets (a) Fixed Assets 7 Gross Block 181,861, ,726, (b) DEFERRED TAX ASSET 177, , Current Assets Trade Receivables 8 4,150, , Cash and Bank Equivalents 9 26,561, ,358, Short-Term Loans and Advances 10 1,870, , Other Current Assets 11 14,994, ,621, ,576, ,748, Total Assets 229,615, ,631, Significant Accounting Policies Notes to financial statements 1 to 18 The Schedules referred to above, form an integral part of the Balance Sheet. As per our report of even date. For and on behalf of the Board For A. PURI & CO. P.M.SHAH D.V. DAMLE CHARTERED ACCOUNTANTS Director Director (Firm Regn No W) Ashok Puri Proprietor (M. No.13203) Mumbai, dated 2 nd September, TH ANNUAL REPORT

31 PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31 ST MARCH 2013 PARTICULARS NOTES CURRENT YEAR PREVIOUS YEAR Rs. Rs. CONTINUING OPERATIONS INCOME SALES 12 3,228, ,526, Other Income 13 18,669, ,110, Total Revenue 21,897, ,636, EXPENSES (a) Employees Benefit Expenses 14 2,259, ,105, (b) Finance Cost 15 7,956, ,200, (d) Other Expenses , , (c) Depreciation 17 6,181, ,451, Total Expenses 16,981, ,330, Profit before exceptional and extraordinary terms and tax 4,916, ,305, Less: Execptional items on account of Legal expenses 596, Less: Prior Period Expenses 1, , Profit for the year before Tax 4,318, ,246, Less: Provision for Tax 800, , Add: Deferred Tax (Liability)/ Asset 20, , Add: Excess Provision for tax made for earlier years 115, Less: Short Provision for tax made for earlier years ,522, ,654, (1,452,875.83) Less: Depreciation & Amortisation of Land & Building during the year 1,898, (Loss) / Profit after Tax transferred to General Reserve 1,755, (1,452,875.83) Earning per share (Refer Note No.6 of Note18) Significant Accounting Policies Notes to financial statements 1 to 18 The Schedules referred to above, form an integral part of the Profit & Loss Account. As per our report of even date. For and on behalf of the Board For A. PURI & CO. P.M.SHAH D.V. DAMLE CHARTERED ACCOUNTANTS Director Director (Firm Regn No W) Ashok Puri Proprietor (M. No.13203) Mumbai, dated 2 nd September, TH ANNUAL REPORT

32 NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED ON 31 ST MARCH, SHARE CAPITAL PARTICULARS AS AT 31 MARCH 2013 AS AT 31 MARCH 2012 Number Amt (Rs.) Number Amt (Rs.) Authorised Equity Shares of Rs. 10/- each 7,000,000 70,000, ,000,000 70,000, Issued, Subscribed & Paid up Equity Shares of Rs. 10/- each full paid up in cash 3,630,220 36,302, ,630,220 36,302, Total 3,630,220 36,302, ,630,220 36,302, a DETAILS OF SHAREHOLDERS HOLDING MORE THAN 5% SHARES IN THE COMPANY No. of % holding No. of % holding Shares in the class Shares in the class Equity Shares of Rs.10/- each fully paid Akshay Malhotra 240, % 240, % Neha Malhotra 234, % 234, % 2 RESERVES AND SURPLUS Particulars As at 31 March 2013 As at 31 March 2012 Amt (Rs.) Amt (Rs.) (a) Revaluation reserve Opening balance 150,810, ,810, Less: Utilized for set off amortisation / depreciation for land & building for prior period (refer note no. 18 clause 12.b) of Notes to Accounts) (11,253,699.98) 0.00 Closing balance 139,557, ,810, (b) Share Forfeiture A/c Opening balance 3,431, ,431, Add: Transfer from Profit during the year Closing balance 3,431, ,431, (C) General Reserve Deficit in the Statement of Profit & Loss Loss as per last Balance Sheet (38,572,582.79) (37,119,706.96) Add: Profit / Loss for the year 1,755, (1,452,875.83) Closing balance (36,816,939.41) (38,572,582.79) Total 106,172, ,670, TH ANNUAL REPORT

33 3 LONG-TERM BORROWINGS Particulars As at 31 March 2013 As at 31 March 2012 Amt (Rs.) Amt (Rs.) A) Secured Loans a) Term Loans from Indian Overseas Bank 32,164, ,154, (All the above Loans are secured by Hypothecation of Land & Building and on a personal Guarantee of Three Individuals. It includes rupee term loan of Rs.2.48 Crores carrying 15.75% p.a. & Rs.0.74Crores carrying interest 15.50% p.a. The loan of Rs.2.48 Crores is repayable in 50 EMI's of Rs /- each & Rs.0.74 Crores is repayable in 54 EMI's each b) % Non - Convertible Debenture of Rs.100/- each 5,000, ,000, Total 37,164, ,154, SHORT-TERM BORROWINGS Particulars As at 31 March 2013 As at 31 March 2012 Amt (Rs.) Amt (Rs.) a) Bank Overdraft A/c from Indian Overseas Bank 16,749, ,252, (Collaterally secured against Hypothecation of Land & Building. Interest loan p.a.) b) Inter Corporate Deposit 674, , Total 17,424, ,365, TRADE PAYABLES Particulars As at 31 March 2013 As at 31 March 2012 Amt (Rs.) Amt (Rs.) (a) Trade Payables: Sundry Creditors 1,407, ,660, Total 1,407, ,660, OTHER CURRENT LIABILITIES Particulars As at 31 March 2013 As at 31 March 2012 Amt (Rs.) Amt (Rs.) Others Current Liabilities (a) Security Deposits Received 23,429, ,889, (b) Other Liabilities 7,714, ,589, Total 31,144, ,479, TH ANNUAL REPORT

34 NOTE NO. 7 ON ACCOUNTS FOR GROSS BLOCK PARTICULARS ORIGINAL ADDITION TOTAL COST (After Revaluation Wherever applicable) Tangible assets Leasehold Land 32,033, ,033, Building 164,989, ,989, Electrical Installation 884, , ,447, Air Conditioners 484, , , Lift 1,221, ,221, Fire Extinguishers 19, , Computers 70, , Furniture & Fixtures 1,828, ,218, ,047, Photocopier Machine 62, , TOTAL 201,593, ,871, ,465, TH ANNUAL REPORT

35 THE YEAR ENDED ON 31 ST MARCH, 2013 DEPRECIATION / AMORTISATION NET BLOCK TOTAL DURING PRIOR TOTAL AS ON AS AT PERIOD AS ON AS AT AS AT THE YEAR , ,176, ,187, ,845, ,033, ,133, ,887, ,077, ,098, ,890, ,855, , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,156, ,262, , , , , , ,867, ,482, ,253, ,603, ,861, ,726, TH ANNUAL REPORT

36 8 TRADE RECEIVABLES Particulars As at 31 March 2013 As at 31 March 2012 Amt (Rs.) Amt (Rs.) Trade receivables outstanding for a period exceeding six months from the date they are due for payment Unsecured, considered good Other receivables Unsecured, considered good 4,150, , ,150, , Total 4,150, , CASH AND CASH EQUIVALENTS Particulars As at 31 March 2013 As at 31 March 2012 Amt (Rs.) Amt (Rs.) a. Balances with banks* This includes: Balance in Fixed Deposit A/c with a Scheduled Bank Margin Money with Indian Overseas Bank 20,816, ,530, Accrued interest on above 5,704, ,727, Balance in Current A/c with Scheduled Banks Union Bank of India 3, , Dena Bank 2, ,526, , ,263, b. Cash on hand* 34, , Total 26,561, ,358, SHORT-TERM LOANS AND ADVANCES Particulars As at 31 March 2013 As at 31 March 2012 Amt (Rs.) Amt (Rs.) (a) Security deposits Unsecured, considered good 49, , (b) Prepaid expenses 42, , (c) Advance Tax & TDS (Net of Provisions) 1,778, , Total 1,870, , TH ANNUAL REPORT

37 11 OTHER CURRENT ASSETS Particulars As at 31 March 2013 As at 31 March 2012 Amt (Rs.) Amt (Rs.) Other Current Assets Unsecured, considered good 14,994, ,621, Total 14,994, ,621, REVENUE FROM OPERATIONS Particulars As at 31 March 2013 As at 31 March 2012 Amt (Rs.) Amt (Rs.) Date Capture & Processing Charges Received 3,228, ,526, Total 3,228, ,526, OTHER INCOME Particulars As at 31 March 2013 As at 31 March 2012 Amt (Rs.) Amt (Rs.) Interest From Bank 2,196, ,841, Rent Income 14,899, ,717, Miscellaneous Recovery of Charges 1,572, , Total 18,669, ,110, EMPLOYEES BENEFIT EXPENSES Particulars As at 31 March 2013 As at 31 March 2012 Amt (Rs.) Amt (Rs.) Salaries and wages 2,250, ,062, Staff welfare expenses 9, , Total 2,259, ,105, FINANCIAL EXPENSES Particulars As at 31 March 2013 As at 31 March 2012 Amt (Rs.) Amt (Rs.) Bank Interest on Term Loan 4,371, , Bank Charges 919, , Bank Interest on Bank O/D 2,665, ,350, Total 7,956, ,200, TH ANNUAL REPORT

38 16 DEPRECIATION AND AMORTISATION EXPENSES Particulars As at 31 March 2013 As at 31 March 2012 Amt (Rs.) Amt (Rs.) Depreciation & Amortisation of all tangible assets 13,736, , Less :Transfer to Revaluation Reserve 11,253, Less :Debit to Profit & Loss App A/c 1,898, ,152, Total 583, , OTHER EXPENSES Particulars As at 31 March 2013 As at 31 March 2012 Amt (Rs.) Amt (Rs.) Advertising Expenses 1, , Annual Listing Fees 39, , Conveyance Expenses 12, , Electricity Charges 1,828, , Bad Debts , Computer Expenses 7, , Insurance Expenses 33, , Water Charges 286, , Legal Expenses (taken to exceptional items) , Professional Charges 207, ,100, Miscellaneous Expenses 408, ,082, Property Tax 717, , Service Tax Paid 1,658, , Printing & Stationery 45, , Repairs & Maintenance 483, , Remuneration to Auditors As Auditors (inclusive of Service Tax) 80, For Taxation Matters 38, Attest Function 9, Out of Pocket Expenses 8, , , Security Charges 258, , Loss on Sale of Fixed Assets (Lift) , Annual Maintenance Charges 55, Total 6,181, ,451, TH ANNUAL REPORT

39 NOTE 18 BEING NOTES ON ACCOUNTS ANNEXED TO AND FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED ON 31 ST MARCH SIGNIFICANT ACCOUNTING POLICIES A. BASIS OF PREPARATION OF FINANCIAL STATEMENTS: The financial statements have been prepared and presented on an accrual basis under the historical cost convention except for certain fixed assets which are revalued in accordance with the provisions of the Companies Act, 1956 and the accounting principles generally accepted in India and comply with the accounting standards prescribed in the Companies (Accounting Standards) Rules, 2006 by Central Government, to the extent applicable. Accounting Policies not specifically referred to otherwise are consistent with and in consonance with generally accepted accounting principles. B. USE OF ESTIMATES The preparation of the financial statements in conformity with generally accepted accounting principles (GAAP) in India requires management to make estimates and assumptions that affect the reported amount of assets, liabilities and the disclosure of contingent liabilities on the date of the financial statements. Actual results could differ from those estimates. Any revision to the accounting estimates is recognized prospectively in current and future periods. C. TURNOVER: To state turnover, which represents invoiced value of goods sold. D. FIXED ASSETS: Fixed Assets are stated at cost less depreciation, which has been provided on the written down value method. Depreciation on additions is provided on pro-rata basis according to the period each asset has been put to use. No depreciation is provided on assets sold or scrapped. Depreciation on fixed assets (other than leasehold land on which it has been provided on straight line method) has been provided on WDV method at the rate and in the manner prescribed in Schedules XIV to the Companies Act, Cost of leasehold land is amortised over the life of the lease period and on amount added on revaluation, depreciation is provided as aforesaid on residual life of the assets as certified by valuers. E. INVENTORIES: Finished goods are valued at lower of Cost or market value whichever is lower. Raw Materials have been valued at net of Modvat, in accordance with Accounting Standard 2 (AS2) issued by the Institute of Chartered Accountants of India, Semi Finished Goods are valued at estimated cost or realisable value whichever is lower. The Company does not have any inventories at the end of the year. F. FINANCIAL & MANAGEMENT INFORMATION SYSTEM: The Company's policy is to practice an integrated Accounting system, the Books of Accounts and other records have been designed to facilitate compliance of the relevant provisions of the Companies Act on one hand and meet the internal requirements of information and system for planning review and internal control on the other. 29 TH ANNUAL REPORT

40 G. RETIREMENT BENEFITS: The Company has no such employees who are entitled to any such benefits as Provident Fund, Pension Fund and Gratuity Fund at present. H. FOREIGN CURRENCY TRANSACTION: The earning in foreign currency is accounted for at the exchange rate prevailing at the time of sale or the rate realized or rate realizable on sales. Gains/Losses arising out of fluctuation in the exchange rates, is taken credit for or charged to Profit and Loss Account. I. REVENUE RECOGNITION: Revenue is recognised only when it can be reliably measured and it is reasonable to expect ultimate collection. Turnover includes sale of goods and service and gain / loss on corresponding hedge contract. Dividend income is recognised when right to receive is established. Interest income is recognised on time proportionate basis. J. TAXATION: The provision for Current Taxation is made after considering various reliefs admissible under the provision of Income tax Act. Deferred Tax is recognized on timing difference, being the difference between taxable Income and Accounting Income that originate in one period and are capable of reversal in one or more subsequent periods. K. INVESTMENT: Investment is stated at Cost. Temporary diminution if any, in the value of such investments is not recognised. However, the Company has not made any investment during the year. L. BORROWING COSTS: Borrowing Costs that are attributable to acquisition or construction of qualifying assets are capitalised as part of the cost of such assets. A qualifying asset is one that necessarily takes substantial period of time to get ready for intended use. All other borrowing costs are charged to revenue. M. PROVISION, CONTINGENT LIABILITIES AND CONTINGENT ASSETS: Provisions involving substantial degree of estimation in measurements are recognised when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources. Contingent Liabilities are not recognised but disclosed in the notes. Contingent assets are neither recognised nor disclosed in the financial statements. N. GENERAL: 1. The name of the Company was changed from Zentronics Technologies Limited to TechTrek India limited on 20th March, 2010 as per certificate given by the Deputy Registrar of Companies, Maharashtra. However, the name has been changed to TechTrek India Limited on 22/01/ 2013 in the records of MIDC. 2. Accounting policies not specifically referred to are consistent and in consonance with generally accepted accounting practices. 3. Previous Years figures have been regrouped and recast wherever necessary to make them comparable with Current Year's figures in order to meet requirement of Revised Schedules VI. 29 TH ANNUAL REPORT

41 4. On the basis of replies received by the Company in response to enquiries made, there is no dues payable at year end to Micro, Small & Medium Enterprises nor are there other particulars that are required to be disclosed under the Companies Act, 1956 or the Micro, Small & Medium Enterprises Development Act, Depreciation has been provided as per Schedule XV (as amended by notification No. 756(E) dated : ) of the Companies Act, 1956 on all Fixed Assets with on WDV method and on pro rata basis according to the period each Asset has been put to use. However, depreciation has been provided on SLM basis on the revalued portion of the Building. 6. Earning per Share Computation of Earning per Share as per AS20 Particulars Current Year Previous Year Amount used as Numerator in calculating Basic EPS ( ) No of Equity Share used as denominator Nominal value of Equity per Share Earnings per Share Accounting Standard 15(AS-15) issued by Institute of Chartered Accountants of India require the Gratuity and Leave encashment Liabilities to be accounted for on accrual basis. However, the provisions of Gratuity Act are not applicable to the Company in the present year, and no provision is required to be made on account of Leave encashment as it is not due. 8. The company has not made any provision for payment of interest to Debenture holder as mutually agreed with the said holder. 9. Deferred Taxation: a) In compliance with Accounting Standard relating to Accounting for Taxes on Income -AS 22 issued by the Institute of Chartered Accountants of India (ICAI) effective from , the Company had not made any provision for Deferred Tax in the past. However, the Company has started making a provision since last 7 years and accordingly has made a provision this year and has adjusted the Deferred Tax Liability/Asset arising on account of timing difference. b) Major Components of Deferred tax Assets & Liabilities arising on timing difference are: Particulars Deferred Tax Current Year Deferred Tax Liability (Asset) Charge (Credit) Liability (Asset) As on As on Difference between book & Tax depreciation (156688) (20856) (177544) 10. Segment Information : Based on the guiding principles given in Accounting Standard on 'Segment Reporting' (AS-17) as notified by Companies (Accounting Standards) Rules, 2006, the Company is organized into one main business of Information Technology and others (which includes Rental income from Building). Accordingly, no other details need to be given. 29 TH ANNUAL REPORT

42 11. Related Party Disclosures As per the Directors a) Related Party Transactions As required under Accounting Standard 18, "Related Party Disclosure" (AS-18) issued by the ICAI, the following details are of transaction done during the period with the related parties of the Company as defined in AS-18. i) Key Management Personnel P.M. Shah (Director) D.V. Damle (Director) ii) No transactions were carried out with related parties in the ordinary course of Business. 12.a) The Company had revalued on market value basis its Land, Building & Plant & Machinery as on 1/7/88 based on the reports submitted by M/s Scheme Consultants, Consulting Engineers, appointed for the purpose. On account of this revaluation the value of Land was written up by Rs /-, Building by Rs /-, Plant & Machinery by Rs /-. The total increase in the value of these assets on account of revaluation, amounting in all to Rs /- was credited to Revaluation Reserve Account and based on the legal opinion of the council the company had set off Net Loss of earlier years and loss on sale of machinery amounting to Rs /- against Revaluation Reserves. The Land & Building have been revalued again after 20 years on on the reports submitted by Bhide Associates (Govt. Approved valuers) appointed for the purpose. On account of this revaluation, the value of Land was written up to Rs /- and Building by Rs /-. The total increase in the value of these assets on account of revaluation, amounting in all to Rs /- is credited to Revaluation Reserve Account. The Company has got the land & Building revalued again on 10/10/2011 from a Govt. Registered Valuer & value as per report is Rs.37,93,00,000/- which however, has not been brought into the Books of Accounts. b) The Company had not amortised the leasehold land acquired on 05/01/1985 for 95 years in the books of accounts. This year it has amortised the same over the period of lease by making a provision in the books on the cost of land and on the Revaluations Reserve made on various dates. Similarly it had not provided for depreciation on the revalued portion of the Building. This year it has provided for the same in the books of accounts on the cost of the revalued building made on various date. The amortisation relating to current period on the original cost is carried to the profit and loss account and the amortisation relating to the prior period on the revalued portion is considered as a set-off against the revaluation reserve. 13. Balance reflected in the Accounts of Loans and Advances, Unsecured Loans and Sundry Creditors are subject to confirmation and or pending reconciliation thereof and consequential adjustments, if any, will be carried out in due course. 14. In the opinion of the Board of Directors, the Current Assets, Loans & Advances are approximately of the value stated in the Balance Sheet if realised in the ordinary course of business. Loans & Advances includes Inter-Corporate advance of Rs.98,43,977/- to TechTrek Ltd U.K. and Rs.10,72,480/- to Radalt Electrical Industries Limited & Rs.15000/ to Raintree Design Pvt. Ltd. in excess of limits prescribed in Section 372A of The Companies Act as approved by Board of Directors in emergency conditions and which, has not been approved in a General meeting 29 TH ANNUAL REPORT

43 of the Company till date of signing of these Accounts. Also Rs. 10,72,480/- advanced to Radalt Electrical Industries Ltd is prejudicial to the interest of the Company as no interest has been provided and is doubtful of recovery. 15. Contingent Liabilities not provided for in respect of: Outstanding Guarantees furnished to Banks Amt. In Rs. Corporate Guarantees given as under in excess of limits prescribed in Section 372A of The Companies Act, as approved by Board of Directors in emergency conditions which, has been approved in a General meeting of the Company. i) Indian Overseas Bank for overdraft facility given to TechTrek Technologies India Limited 1.50 Crores ii) Punjab National Bank UK for overdraft facility given to TechTrek Ltd U.K Crores A legal suit has been instituted against the Company by a former tenant of the company for non payment of their Rent deposit which is payable as per Books of Accounts. However, no provision has been made for any extra amount which might be payable at the instance of the Court decision, since the amount cannot be quantified. 16. Earning in Foreign Currency Current Year Previous Year On account of Export Sale As per our report of even date. For and on behalf of the Board For A. PURI & CO. P.M.SHAH D.V. DAMLE CHARTERED ACCOUNTANTS Director Director (Firm Regn No W) Ashok Puri Proprietor (M. No.13203) Mumbai, dated 2 nd September, TH ANNUAL REPORT

44 CASH FLOW STATEMENT FOR THE YEAR ENDED ON 31 ST MARCH 2013 (AS 3) Sr. PARTICULARS YEAR ENDED YEAR ENDED No. 31/03/ /03/2012 A CASH FLOW FROM OPERATING ACTIVITIES Net Profit \ (Loss) before tax 4,318, ,246, Adjustment for Add: Depreciation 583, , Loss on Sales of Fixed Assets , Financial Expenses 7,036, ,168, Operating profit before working capital changes 11,939, ,446, Adjustments for Trade and Other receivables (3,254,172.00) 2,869, Loans and Advances (5,056,204.95) (2,559,206.70) Sundry Creditors (2,252,277.83) 766, Other Current Liabilities (5,334,658.05) 9,704, Cash Generated From Operations (3,958,183.00) 16,226, Direct Tax Paid , Net Cash Flow From Operating Activities (3,958,183.00) 16,031, B C CASH FLOW FROM INVESTING ACTIVITIES Purchase of Fixed Assets (1,871,581.00) (5,199,307.00) Net Cash Used In Investment Activities (1,871,581.00) (5,199,307.00) CASH FLOW FROM FINANCING ACTIVITIES Add : Proceeds from Loans 36,962, Less : Interest Paid (7,036,992.00) (3,168,833.00) Less : Repayment of Loans (21,389,661.00) (3,196,590.00) Net Cash Used In Financing Activities 8,535, (6,365,423.00) Net increase in cash and cash equivalents(a+b+c) 2,705, ,467, Cash and Cash equivalents (Opening) 7,105, ,638, Cash and Cash equivalents (Closing) 9,811, ,105, As per our report of even date. For and on behalf of the Board For A. PURI & CO. P.M.SHAH D.V. DAMLE CHARTERED ACCOUNTANTS Director Director (Firm Regn No W) Ashok Puri Proprietor (M. No.13203) Mumbai, dated 2 nd September, TH ANNUAL REPORT

45 TECHTREK INDIA LIMITED Registered Office: - PLOT NO.124, ROAD NO.17, M.I.D.C, MAROL, ANDHERI (E) MUMBAI ATTENDANCE SLIP 29 th Annual General Meeting -30 th September 2013 I / We hereby record my / our presence at the TWENTY NINTH ANNUAL GENERAL MEETING of the Company held at Plot No.124, Road No.17, M.I.D.C., Marol, Andheri (East), Mumbai on Monday, the 30 th September, 2013 at a.m. Full Name of the Member (in Block Letters) -- Reg. Folio No. No of Shares held - Clint ID No. D. P. ID No. Full Name of Proxy (in Block Letters) - Member s/ Proxy s Signature - Note: A Shareholder / Proxy wishing to attend the meeting must bring the Attendance Slip to the meeting and hand it over at the entrance duly filled and signed. - TEAR HERE TECHTREK INDIA LIMITED Registered Office: - PLOT NO.124, ROAD NO.17, M.I.D.C, MAROL, ANDHERI (E), MUMBAI DP ID Client ID PROXY FORM Registered Folio No. I / We of in the district of being a Member / Members of the above named Company, hereby appoint Shri. / Smt. of in the District of as my / our Proxy to attend and vote for me / us and on my / our behalf at the TWENTY NINTH ANNUAL GENERAL MEETING of the Company to be held on Monday, the 30 th September, 2013 at a.m. and at any adjournment thereof. Signed this day of 2013 Note: The Proxy must be deposited at the Registered Office at Plot No.124, Road No.17, M.I.D.C., Marol, Andheri (East), Mumbai , Maharashtra, not less than FORTY EIGHT HOURS before the time fixed for holding this Meeting. 29 TH ANNUAL REPORT

46 29 TH ANNUAL REPORT

47 techtrek 29 th Annual Report TECHTREK INDIA LIMITED

48 BOOK - POST PRINTED MATTER TECHTREK INDIA LIMITED techtrek If undelivered please return to: TECHTREK INDIA LIMITED Registered Office : PLOT NO.124, ROAD NO.17, M.I.D.C, MAROL, ANDHERI (EAST) MUMBAI TH ANNUAL REPORT

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