To The Members
 
 The Directors are glad to present the 19th Annual Report together with
 the Audited Financial Statements of the Company for the year ended
 March 31, 2011.
 
 FINANCIAL PERFORMANCE SUMMARY
 
                                                     (Rs. in lacs) 
 PARTICULARS                     COMPANY              CONSOLIDATED
 
                         31.03.11   31.03.10      31.03.11    31.03.10
 
 Gross Income             542.40     503.00       23264.76    11556.75
 
 Total Expenditure        555.37     496.92       22490.15    10498.05
 
 Depreciation              13.35      11.34          13.35       11.34
 
 Net profit before taxes  (26.32)     (5.26)        761.26     1047.36
 
 Add Deferment tax 
 liability                 11.01       3.58          11.01        3.58
 
 Provision for Income Tax     -         -             -            -
 
 Net Profit after tax.    (15.31)     (1.68)        772.27     1050.94
 
 OPERATIONAL PERFORMANCE
 
 The above given statistics shows that the company alongwith its
 subsidiary achieved a total turn over of Rs. 23264.76 lacs against an
 expenditure of Rs. 22490.15 Lacs. The financial performance from the
 ongoing business of computer stationary remained un-satifactory. In
 fact there has been a loss amounting Rs. 15.31 lacs.
 
 Further, the company by way of its 100% overseas subsidiary has been
 engaged in general trading business. The total turn over from the
 overseas business has been voluminous and generate the profit of Rs.
 787.58 Lac.
 
 Again this year also the company continued with its Research &
 Development work for improvements in its Algae technology on a limited
 scale and partly completed the validation of scientific and engineering
 principles for its novel design of PBR and algal cultivation. The
 management believes that the competitive design of inexpensive PBR will
 lead to the cheaper method of microalgal cultivation which is subject
 to the validation for commercialization.
 
 FUTURE PROSPECTS
 
 As required under the Corporate Governance, the Management Discussion
 and Analysis, forming part of this report, reflects the current state
 of affairs of business.
 
 SEGMENT REPORTING
 
 Pursuant to the requirement of Accounting Standard 17 issued by the
 Institute of Chartered Accountants of India is reported that besides ,
 manufacturing of Computer paper, the company has been engaged in the
 technology development of Micro algae for Fuel, Feed & Mitigation of
 Flue gases. The company is engaged in trading business at UAE through
 its subsidiary company.
 
 SHARE CAPITAL
 
 The Authorised Share Capital of the company consists of Rs.
 80,00,00,000/- divided into 8,00,00,000 equity shares of Rs. 10/- each
 The Issued, Subscribed & Paidup Capital is Rs. 78,44,90,950/- divided
 into 7,84,49,095 Equity Shares of Rs. 10/- each.
 
 CORPORATE GOVERNANCE
 
 A separate section on Corporate Governance forming part of the
 Directors'' Report and the certificate from the Practicing Company
 Secretary confirming compliance of Corporate Governance norms as
 stipulated in Clause 49 of the Listing Agreement with the Indian Stock
 Exchanges is icluded in the Annual Report.
 
 DIRECTORS
 
 During the period under review and in terms of the provisions of
 Management & Control Agreement dated 03.01.2011 Mr.Gurmeet Singh
 firstly resigned from the office of Managing Director and lateron from
 the Directorship of the Company w.e.f. 14.05.2011. Also on 12.04.2011
 Mr. Amritpal Singh Malhotra has resigned from the Directorship of the
 Company. However the Board of Director of the Company remained duly
 constituted in accordance of the provisions of the Companies Act, 1956
 and in terms of the listing regulations.
 
 Further in terms of the provisions of Section 256 of Companies Act,
 1956, your Board of Director determined the retirement of Dr.Chandra
 Prakash and Mr. I.S. Sukhija. However, Mr.I.S. Sukhija expressed his
 unwillingness for being reappointed as Director of the Company. Hence
 your Board recommends the reappointment of Dr.Chandra Prakash and
 appointment of Mr. Amit Kumar, who has consented to act as Director, to
 fill the vacancy caused by the retirement of Mr. I.S. Sukhija as
 Director of the company to retire by rotation.
 
 DIRECTOR''S RESPONSIBILITY STATEMENT
 
 Pursuant to the provisions of sub section (2AA) of section 217 of the
 Companies Act, 1956, the Directors confirm that :
 
 i. In the preparation of 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 or
 loss of the Company for that period.
 
 iii. The Directors had taken proper and sufficient care for the
 maintenance of adequate accounting records in accordance with the
 provisions of this Act for safeguarding the assets of the company and
 for preventing and detecting fraud and other irregularities.
 
 iv.  The annual accounts have been prepared on a going concern basis.
 
 DIVIDEND
 
 In the wake of maginal profits and requirement of fund for expansionary
 business, your Board of Director''s do not recommended the payment of
 Dividend for the Financial year ended 31st March, 2011
 
 PUBLIC DEPOSITS
 
 The company has neither accepted any deposit from the public nor
 renewed any deposit within the meaning of Section 58A of the Companies
 Act, 1956 and the rules framed there under, during the year under
 review.
 
 HOLDING/SUBSIDIARY COMPANY RELATIONSHIP
 
 For the purpose of undertaking the overseas business activities, the
 company floated a subsidiary in UAE in the name “BECKONS TRADING FZE”
 in the financial y ear 2009-10 . Financials of subsidiary are as under:
 
                                                  (Rs. in lacs) 
 
 PARTICULARS                    31.03.11           31.03.10
 
 Gross Income                   22722.35           11053.75
 
 Total Expenditure              21934.77           10001.13
 
 Net Profit                       787.58            1052.62
 
 FINANCIAL STATEMENT
 
 As required under the Listing agreement with the Stock Exchanges,
 Consolidated Financial Statements of the Company is attached. In
 accordance with the Statement of Accounting Standard on Consolidated
 Financial Statements (AS 21) and the Accounting Standard on Accounting
 for Investments in Associates (AS 23) and issued by the Institute of
 Chartered Accountants of India, the subsidiaries, have been considered
 in the Consolidated Financial Statements of the Company.
 
 PARTICULARS OF THE EMPLOYEES
 
 The Company had no employee during the year, whose particulars are
 required to be disclosed under Section 217(2A) of the Companies Act,
 1956, read with the Companies (Particulars of Employees) Rules 1975
 ammended from time to time.
 
 NOTE ON ACCOUNTS
 
 The observations of the auditors and notes on accounts are self
 explanatory. The Company has complied 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 your Company retire at the ensuing Annual General Meeting and being
 eligible, offer themselves for re-appointment. The Company has received
 a certificate from them as required under Section 224 (1B) of the
 Companies Act, 1956.  The Board recommends the appointment of M/s.
 N.Kumar & Company, Chartered Accountants as the statutory Auditors of
 the Company for the year 2011-12.
 
 PARTICULAR OF CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN
 EXCHANGE EARNINGS AND OUT GO.
 
 a ) CONSERVATION OF ENERGY
 
 i.  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 Innovation
 
 The company has been involved in material cost reduction, improving the
 quality of products. The wastage has been completely controlled by
 making of the general stationery items and adding rolls from left-over
 paper.
 
 c) Foreign Exchange Earnings & Outgo.
 
 No information is required under this head
 
 ACKNOWLEDGMENT
 
 The Directors wish to convey their appreciation to all of the Company''s
 employees for their enormous efforts and contribution to the Company''s
 record performance. The Directors would also like to thanks the
 shareholders, customers, dealers, suppliers, bankers and all the other
 business associates for the continuous support given by them to the
 Company and their confidence in its management.
 
 Place : Mohali                                       RANA WATTS
 
 Date : 26.08.2011                             Managing Director