Dear Members
 
 The Directors have great pleasure in presenting the 23rd Annual Report
 of the Company together with the Audited Balance Sheet of the Company
 as at 31st March, 2012, the Profit and Loss Account for the year ended
 on that date and the Auditors'' Report thereon.
 
 
  FINANCIAL REVIEW
 
                                                                Rs Iakhs
 
  PARTICULARS                                      2011-12       2010-11
 
 
  Net Sales                                              _             _
 
 
  Other Income                                       30.38         30.38
 
 
  Profit / (Loss) Before Depreciation and Tax       (31.08)         7.65
 
 
  Depreciation                                        2.04          2.37
 
 
  Profit / (Loss) before Tax                        (33.12)         5.28 
 
 
  Less : Provision for Tax                               _             _
 
 
  Profit / (Loss) after Tax                         (33.12)         5.28
 
 
  Add : Profit brought forward                      196.70        191.42
 
 
  Profit Carried to Balance Sheet                   163.58        196.70
 
 
 
 
 DIVIDEND
 
 Considering financial performance, Your Directors have decided not to
 declare any Divi- dend for this year.
 
 FUTURE OUTLOOK
 
 The Company has invested its surplus funds in power generating company
 and has gener- ated income in the form of dividend to the tune of
 Rs.30.38 Lacs. The Company has parked the funds in the Power Generating
 Company and planning to enter into power sector.
 
 DEPOSITS
 
 No Fixed Deposits were accepted by the Company during the year.
 
 DIRECTORS
 
 Shri. V.R.Subramanian, Director and Shri. V. Narayanan Director of the
 Company, who retire by rotation and being eligible, offer themselves
 for re-appointment.
 
 AUDITORS
 
 M/s. V. SENTHILNATHAN & Co., Chartered Accountants, Chennai, the
 Statutory Auditors of the Company, retires at the conclusion of the
 forth coming Annual General Meeting and is eligible for re-appointment.
 
 DISCLOUSURS
 
 As the Company yet to begin its activities, the required particulars
 under Sections 217 (1) & (2) of the Companies Act, 1956 read with the
 Companies (Disclosure of Particu- lars in the Report of the Directors)
 Rules, 1988 is not applicable.
 
 PARTICULARS OF EMPLOYEES
 
 The Statement as required under 217(2A) of the Companies Act is not
 applicable to the Company.
 
 DIRECTORS'' RESPONSIBILITY STATEMENT
 
 Your Directors confirm:
 
 a) That in preparation of the Annual Accounts, the applicable
 Accounting Standards have been followed along with proper explanation
 relating to material departures ;
 
 b) That the Directors had selected such Accounting Policies and applied
 them consis- tently 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 ended on
 31st March, 2012.
 
 c) That the Directors had taken proper and sufficient care for
 maintenance of adequate accounting records for the year ended 31st
 March, 2012 in accordance with the Provi- sions of the Companies Act,
 1956 for safeguarding the assets of the Company and for the prevention
 and detection of Fraud and other irregularities.
 
 d) That the Directors had prepared the Annual Accounts on an ongoing
 basis.
 
 ACKNOWLEDGEMENT
 
 Your Directors would like to place on record their gratitude to the
 Members for their continued support and confidence. Your Directors also
 would like to thank the Staff Mem- bers at various levels for their
 committed Services for the Company.
 
 
 
 
                                      For and on behalf of the Board
 
 
 PLACE: CHENNAI
 
 DATE: 4th September 2012
 
 
                                               S.ELANGOVAN
 
                                        Chairman & Managing Director