To, The Members,
 
 The Directors have pleasure in presenting the Annual Report and the
 Audited Accounts for the financial year ended 31st March, 2012.
 
 OPERATIONS
 
 Particulars                        Amount (in Rs .)
 
 Sales/ Income                       379301913.00
 
 Other Income                          1721579.00
 
 Expenditure                         366683448.00
 
 Profit(loss) before tax              14340045.00 
 
 Profit(loss) after tax               11044544.00
 
 FIXED DEPOSIT
 
 The Company has not accepted any deposits during the year.
 
 DIRECTORS
 
 Directors liable to retire by rotation and being eligible offer
 themselves for appointment.
 
 DIRECTORS'' RESPONSIBILITY STATMENT
 
 Pursuant to the requirement under Section 217(2AA) of the Companies
 Act,1956 with respect to Directors'' Responsibility Statement, it is
 hereby confirmed:
 
 (i) that in the preparation of the annual accounts, the applicable
 accounting standards had been followed along with proper explanation
 relating to material departure.
 
 (ii) that the directors had 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 the year under review.
 
 (iii) that 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) that the directors had prepared the annual accounts on a going
 concern basis.
 
 AUDITOR
 
 M/s.  B. CHORD IA & CO., Chartered Accountants has been appointed as''
 Auditors of the company for the financial year.-2012-13 in place of
 retiring Auditors M/s RRA & Co.
 
 PERSONNEL
 
 The company has not paid any remuneration attracting the provisions of
 Companies (Particulars of Employees) Rules, 1975 read with Section
 217(2A) of the Companies Act, 1956. Hence no information is required to
 be appended to this report in this regard.
 
 ENERGY, TECHNOLOGY AND FOREIGN EXCHANGE
 
 Conservation of Energy and Technology absorption:
 
 Fuel & Coal Expenses Rs. 3,80,77,210/- 
 
 Power & Fuel Expenses Rs.  3,38,39,897/- 
 
 Gas Consumption Rs. 5,40,20,458/-
 
 Foreign exchange earnings or outgo during the year : Rs. NIL/-
 
 ACKNOWLEDGEMENT
 
 Your Directors wish to place on record their immense appreciation for
 the assistance and co-operation received from various statutory
 authorities.
 
 
 
 For and on behalf of the Board of Directors
 
 MAHESHKUMAR SITARAM SOMANI CHAIRMAN
 
 DATE : 03/09/2012
 
 PLACE : Surat