The Directors have great pleasure in presenting the 33rd Annual Report of the Company with audited accounts for the year ended 31st March, 2014.

FINANCIAL RESULTS:

Particulars                                 31-03-2014     31-03-2013
                                          (Rs.ln Lakhs)  (Rs.ln Lakhs)

Sales                                           0              12

Other Income                                   Nil            Nil

Profit/(Loss)before Dep.& Tax                -3.87          -3.46

Depreciation                                   Nil            Nil

Profit/(Loss) after Depreciation             -3.87          -3.46

Provision for Taxational                       Nil            Nil

Profit/(Loss) after Tax                      -3.87          -3.46

Add: Balance of Loss B/f                    -99.13         -95.67

(Loss) Balance C/F to next year            -102.99         -99.13

The Company achieved turnover of Rs. NIL (Previous Year Rs. 12 Lakhs). The turnover declined due to lack of demand. The Board is evaluating different projects.

DEPOSITS:

The Company has not invited / received any fixed deposits during the year under review as per section 58A of the Companies Act, 1956 read with Companies (Acceptance of Deposits) Rules, 1975.

DIVIDEND:

Due to loss incurred during the year, your directors have not recommended any dividend for the financial year ended 31 st March, 2014 to the members.

DIRECTORS:

Mr. Dattatray Patil director of the company retires by and rotation is eligible for reappointment as director of the company.

AUDITORS:

M/s. Chitta and Associates , Chartered Accountant, retire as Auditor of the Company at the conclusion of the ensuing Annual General Meeting and have expressed their inability to continue. Hence it is proposed that M/s. Anant Rao and Mallik be appointed as the auditors of the company until the next AGM

AUDITORS REPORT:

The observations made by the auditor in his report and notes to the accounts are self-explanatory.

LISTING STATUS:

The Company's Shares are listed both in Chennai and Bombay Stock Exchanges at present. Listing fees have been paid for the financial year.

CORPORATE GOVERNANCE:

Pursuant to the circular of Securities and Exchange Board of India, the Stock Exchanges have incorporated a Clause 49 in the Listing Agreement on Corporate Governance with regard to the composition of Board of Directors, Audit Committee, Remuneration of Directors, Board meeting procedures, Management, discussions and analysis about the business, Redressal of Shareholders' grievances and their services.

According to the schedule of implementation forwarded by these Stock Exchanges, the Companies whose paid-up capital is Rs.3 Crores and above is advised to comply with the Clause 49 of the Listing Agreement. Since the capital of your Company is less than Rs.3 Crores, compliance of the Clause 49 of the Listing Agreement does not arise.

INFORMATION UNDER SECTION 217(1)(E) OF THE COMPANIES ACT, 1956 READ WITH COMPANIES (DISCLOSURES OF PARTICULARS IN THE REPORT OF BOARD OF DIRECTORS) RULES AND FORMING PART OF DIRECTORS REPORT.

1) . CONSERVATION OF ENERGY:

The company has no activity relating to Conservation of Energy, during the year.

2) . TECHNOLOGY ABSORPTION:

The Company has entered into Technical collaboration with M/s. Elin Union, Austria.

3) . FOREIGN EXCHANGE EARNINGS AND OUTGO:

The Company did not have any foreign exchange or outgo during the year.

DIRECTORS' RESPONSIBILITY STATEMENT:

In terms of provisions of Section 217(2AA) of the Companies Act, 1956 the Directors confirm.

1. That in the preparation of the Annual accounts, for the financial year ended 31st March, 2014 the applicable accounting standards had been followed along with proper explanations relating to material departures.

2. That the Directors had selected such accounting policies and applied them consistently and made judgements 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 that period.

3. That the Directors had taken proper and sufficient care for the maintenance of adequate accounting records, in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; and

4. That the Directors had prepared the annual accounts on a going concern basis.

COMPLIANCE CERTIFICATE:

Compliance Certificate as required under provision to Sub-section (1) of Section 383A of Companies Act, 1956 has been obtained from the company secretary, M/s. Lakshmi Subramanian & associates, Chennai.

PERSONNEL:

Particulars of Employees pursuant to Section 217(2A) of the Companies Act, 1956 are not applicable since there was no person was employed in the company during the year who was in receipt of remuneration in excess of the limits specified herein during the period under review.

ACKNOWLEDGEMENTS:

Your Directors would like to express their appreciation for the assistance and continued co-operation extended by the Banks, Government Authorities and Clients during the period under review. Your Directors wish to place on record their deep sense of appreciation for the devotion and sense of commitment shown by the employees at all the level and acknowledge their contribution for its success.

                                         For and on behalf of the Board
                                         (R.Ravi Kumar Rao)
KLK Electrical Limited                   Wholetime Director
Old No.2,New No.3, 1st Main road
Seethammal Colony,Teynampet              Place: CHENNAI
Chennai-600018 4.9.2014