Your Directors have pleasure in submitting their 8th Annual Report
 together with the statement of Accounts of the Company for the year
 ended 31st March, 2002.
 
 FINANCIAL RESULTS
 
 Sales and other Income                                 Rs. 46,47,993.40
 
 Profit before Tax                                         Rs. 62,545.40
 
 Less:
 
 Provision for Taxation                                    Rs. 20,200.00
 
 Profit after Tax                                          Rs. 42,345.40
 
 Add
 
 Profit brought forward from previous year               Rs. 1,88,091.16
 
 Balance Carried  to  Balance Sheet                      Rs. 2,30,436.55
 
 INFORMATION UNDER SECTION 217(1)(e) OF THE COMPANIES ACT 1956.
 
 Since there is nothing to disclose, particulars as required in terms of
 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 are not furnished.
 
 PARTICULARS OF EMPLOYEES UNDER SECTION 217(2A) OF THE COMPANIES ACT,
 1956.
 
 The Company has no employee of the category specified in Section
 217(2A) of the Companies Act, 1956 read with the Companies (Particulars
 of Employees) Rules, 1975.
 
 DIRECTORS RESPONSIBILITY STATEMENT PURSUANT TO SECTION 217(2AA) OF THE
 COMPANIES ACT, 1956
 
 The Directors hereby confirm
 
 As Stipulated in Section 217(2AA) of the Companies Act, 1956, your
 Directors subscribe to the Directors Responsibilities Statement and
 confirms as under
 
 a) that in the preparation of the annual accounts, the applicable
 accounting standards have been followed along with proper explanation
 relating to material departures;
 
 b) that the directors have selected such accounting polices 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 or
 loss of the company for the period.
 
 c) that the directors have taken proper and sufficient care of 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;
 
 d) that the directors have prepared the annual accounts on a going
 concern basis.
 
 DIRECTORS
 
 Sri Tara Chand Banthia, Sri Prakash Kumar Banthia and Smt. Kusum
 Banthia retire by rotation and are eligible for re-appointment.
 
 AUDITORS:
 
 M/s. K. M. GULGULIA & CO. Chartered Accountants., Auditors of the
 Company retire at the ensuing Annual General Meeting of the Company and
 are eligible for re-appointment.
 
                                     On behalf of the Board of Directors
 
                                                 (PRAKASH KUMAR BANTHIA)
                                                                DIRECTOR
 
 Kolkata                                                 (KUSUM BANTHIA)
                                                                DIRECTOR
 The 2nd day of September, 2002.