The Directors have pleasure in presenting their Eighteenth Annual
 Report together with the Audited Statement of Accounts for the
 Financial Year ended on 31st March, 2012.
 
 (1) FINANCIAL AND WORKING RESULTS :
 
 PARTICULARS                                     2011-2012    2010-2011
                                                    [Rs]        [Rs.]
 
 Profit/(Loss) Before Depreciation :              (4101585)    1297696 
 
 Less : Depreciation                                962476      962476
 
 Profit/(Loss) Before Tax :                       (3720568)     335220 
 
 Less : Provision for Tax                                -           -
 
 Profit/(Loss) After Tax                          (3720568)     335220
 
 (2) PERFORMANCE
 
 During the year under review, company''s total revenue increased from
 Rs. 64.41 lac to Rs. 86.66 lacs Your directors expect better
 performance in the next year.
 
 (3) DIVIDENDS
 
 In view of past accumulated losses, your Directors do not recommend any
 dividend the year.
 
 (4) DIRECTORS :
 
 Mr. Pankaj R. Patel, director of the company retire by rotation and
 being eligible, offer himself for re-appointment. Your director
 recommend her appointment.
 
 (5) DEPOSITS :
 
 During the year the Company has not accepted any deposit under section
 58A of the Companies Act, 1956.
 
 (6) PARTICULARS OF EMPLOYEES :
 
 There was no employee drawing remuneration of Rs.24,00,000 or more per
 annum or Rs.2,00,000 per month for any part of the year and hence no
 particulars have been furnished as required under section 217(2A) of
 the Companies Act, 1956.
 
 (7) PARTICULARS RELATING TO CONSERVATION OF ENERGY, TECHNOLOGY
 ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO:
 
 The information required under Section 217(1) (e) of the Companies Act,
 1956 read with the Companies (Disclosure of Particulars in the Board of
 Directors) Rules, 1988 is annexed hereto and forms part of this Report.
 
 (8) DIRECTORS RESPONSIBILITY STATEMENT :
 
 (i) Your directors have followed the applicable accounting standards
 along with proper explanation relating to material departure while
 preparing the annual accounts
 
 (ii) Your 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 that period;
 
 (iii) Your directors have 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 detaching fraud and other irregularities;
 
 (iv) Your directors have prepared the annual accounts on a going
 concern basis.
 
 (9) AUDITORS :
 
 M/s. Darji & Associates, Chartered Accountants, V. V. Nagar, retire at
 the conclusion of this Annual General Meeting. A written Certificate is
 being obtained from the Auditors, M/s. Darji & Associates, Chartered
 Accountants, V. V. Nagar to the effect that in case of their
 re-appointment as Auditors the same would be within the limits laid
 down in Section 224 (1B) of the Companies Act, 1956. Your directors
 recommend to re-appoint the auditors and fix their remuneration.
 
 (9) COMPLIANCE CERTIFICATE :
 
 As required under Section 383A of the companies Act, 1956, necessary
 Compliance Certificate issued by D. G. Bhimani & Associates is attached
 herewith and form part of directors'' report.
 
 (10) ACKNOWLEDGEMENTS :
 
 Your Directors wish to thank the Banks, Dealers, Customers, Suppliers
 and Shareholders for their continued support. Your directors also take
 this opportunity to record their appreciation for the contributions
 made by all the employees to the operations of the Company during the
 year.
 
 Place: Anand                      FOR AND ON BEHALF OF THE BOARD 
 
 Date: 30.05.2012          Dr. Dinesh Patel        Sonal D. Patel 
                          (C M D)                  Director