To, The Members of Fact Enterprise Limited
 
 The Directors are pleased to present the 19th Annual Report together
 with the Audited Accounts for the year ended 31st March 2012.
 
 I.  FINANCIAL HIGHLIGHTS:
 
 Particulars                            Year ended  
                                         31-3-2012  Year ended 
                                                    31-3-2011
                                                    (Rs. in Lacs)
                                     (Rs. in Lacs)
 
 Turnover                                   19.92       34.59
 
 Profit before Interest, 
 Depreciation and 
                                             1.84        2.56
 
 Tax
 
 Less:
 
 (i) Interest:                               0.66        1.22
 
 (ii) Depreciation                           0.24        0.24
 
 Profit after Interest and 
 Depreciation                                0.94        1.10
 
 Profit before Taxation                      0.94        1.10
 
 Provision for Taxation (after 
 adjustment .ft .  ft . 
  of deferred Tax)
 
 Profit after Tax                            1.43        1.07
 
 Add: Amount brought Forward from           34.19       33.12
 last year
 
 Amount Available for Appropriation         35.62       34.19 
 Less: Appropriations:
 
 Amount Transferred to General Reserve       0.00        0.00
 
 Interim Dividend / Proposed Dividend        0.00        0.00
 
 Provision for tax on proposed Dividend      0.00        0.00
 
 Balance carried to Balance Sheet           35.62       34.19
 
 II FINANCIAL PERFORMANCE AS A MEASURE OF OPERATIONAL PERFORMANCE:
 
 In this challenging environment & recession your Company has managed to
 post profits in the financial year 2011 2012. Following table depicts
 the financial performance of the Company in brief:
 
 Particulars                       AS ON            AS ON
                                 31-3-2012         31-3-2011
                               (Rs. In Lacs)     (Rs. In Lacs).
 
 Working Capital                  508.24           29907.65
 
 Total   Income                    19.92              34.59
 
 Net Profit After Tax               1.43               1.07
 
 III DIVIDEND
 
 To conserve the resources, your directors do not recommend the dividend
 on equity shares.
 
 IV DIRECTORS RESPONSIBILITY STATEMENT:
 
 As required under Section 217(2AA) of the Companies Act 1956 your
 Directors confirm that:
 
 (i) In the preparation of annual accounts, the applicable accounting
 standards have been followed.  
 
 (ii) 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 2011 2012 and of the
 profit & loss of the Company for the period ended 31st March, 2012.
 
 (iii) The Directors have taken proper and sufficient care for the
 maintenance of adequate accounting records in accordance with the
 provisions of the Companies Act 1956 for safeguarding the assets of the
 Company and for preventing and detecting fraud and other
 irregularities.
 
 (iv) The Directors have prepared the annual accounts on going concern
 basis.
 
 V DIRECTORS:
 
 In accordance with the provisions of the Companies Act'' 1956 and
 Articles of Association of the Company, Mr. Praful Rane retires by
 rotation and being eligible, offers himself for reappointment.
 
 VI AUDITORS:
 
 M/s M.V. Dave & Co, Chartered Accountants, retire as the Auditors of
 your Company at the forthcoming Annual General Meeting and being,
 eligible, offer themselves for reappointment. The Company has received
 an eligibility certificate from the said M.V.  Dave & Co, Chartered
 Accountants under section 224(1) of the Companies Act 1956.
 
 VII.  AUDITORS'' REPORT:
 
 Observations made in the Auditors Report are self explanatory and
 therefore do not call for comments under Section 217(3) of the
 Companies Act 1956.
 
 VIII CORPORATE GOVERNANCE:
 
 A separate report on Corporate Governance is furnished as a part of the
 Directors'' Report and a certificate from the Auditors regarding the
 compliance of the conditions of Corporate Governance is annexed to the
 said Report.
 
 IX FIXED DEPOSIT:
 
 During the year under review, your Company has not invited any deposit
 from the public.
 
 X PARTICULARS OF EMPLOYEES:
 
 Your Company does not have any employee whose particulars are to be
 given pursuant to the provisions of section 217(2A) of the Companies
 Act, 1956 read with the Companies (Particulars of Employees Rules,
 1975).
 
 XII       ADDITIONAL INFORMATION:
 
 Information pursuant to 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 is furnished hereunder
 
 A.  CONSERVATION OF ENERGY:
 
 Your Company is regularly finding out the areas from where the energy
 can be conserved. As your Company is basically in construction of
 building so there is no power and fuel requirement as such.
 
 B.  TECHNOLOGY ABSORPTION:
 
 Your Company is regularly finding out ways used in the process of
 adoption of new technology in the construction of building.
 
 C.  ENVIRONMENT:
 
 Your Company is not involved in any type of activity hazardous to the
 environment and does not discharge any type of trade effluents (solid,
 liquid or gaseous) causing pollution.
 
 D. FOREIGN EXCHANGE EARNING & OUTGO:
 
 There were no foreign exchange earnings or outgo by way of either
 imports, exports or expenses during the year.
 
 XIII ACKNOWLEDGEMENT:
 
 The Board of Directors wishes to place on record their sincere
 appreciation and acknowledges with gratitude to the companies valued
 clients, Bankers, Securities Exchange Board of India and the Share
 holders for their continued co operation and support. The Directors
 also wish to place on record their sincere appreciation of the Company
 employees at all levels for their sincere efforts and commitment in
 their duties without which the results achieved by your Company would
 not have been possible and look forward to their continued support.
 
                                             For and on behalf of Board
 
                                                         Sd/  
 
 
 Mumbai                                           Mr. RAJIV KASHYAP
 
 DATED: 2nd September 2012                 CHAIRMAN & MANAGING DIRECTOR