To The Members
 
 The Directors presents their Twenty-Fifth Annual Report together with
 the Audited Statement of Accounts of the Company for the year ended on
 31s1 March, 2012.
 
 FINANCIAL RESULTS
 
 
 
                                        [Rs. In lacs]
                               2011-12      2010-11
 
 Total income                   279.91       260.09
 
 Profit before tax               10.93        30.93
 
 Provision for tax                2.18         1.08
 
 Profit after tax                11.72         6.06
 
 Net profit carried forward       9.69        (2.03)
 
 
 
 
 OPERATIONAL REVIEW
 
 During the year under review, the total income from operations was Rs.
 279.91 lacs as compared to Rs. 263.89 lacs of that of the previous year
 showing increase of 06.07%. Modernization and expansion of Park is a
 continuous process at Park so as to maintain taste and interest of
 visitors. At present, the Company is operating only in one segment i.e.
 running amusement park - entertainment sector and therefore the segment
 reporting and performance standard is not applicable to the Company.
 The total working of the Company, therefore, reflects the performance
 of this single segment only.
 
 APPROPRIATIONS
 
 The Company has not recommended any dividend. The Board has not
 transferred any amount to General Reserve and an amount of Rs 11.72
 Lacs has been retained in Profit and Loss Account.
 
 LISTING OF SHARES
 
 The Company''s share continues to remain listed with The Stock Exchange,
 Mumbai.
 
 CORPORATE GOVERNANCE
 
 Pursuant to clause 49 of the listing agreement, a report on corporate
 governance along with auditors'' certificate of its compliance is
 included as part of the annual report.
 
 DIRECTORS
 
 The Articles of Association of the Company provide that at least
 two-thirds of our Directors shall be subject to retirement by rotation.
 One third of these retiring Directors must retire from office at each
 Annual General Meeting of the shareholders. A retiring Director is
 eligible for re-election Shri Bhuvanesh J. Bhattand Shri
 JaydipsinhAVaghela, Directors will retire by rotation and Shri
 Jaydipsinh A Vaghela being eligible, offers himself for reappointment
 and Shri Bhuvanesh J. Bhattdoes not offers himself for reappointment.
 The details of Shri JaydipsinhAVaghela together with nature of his-
 expertise in specific functional areas and names of the companies in
 which he hold office as Director and/or the Chairman/Membership of
 Committees of the Board, are provided in the Notice of the ensuing
 Annual General Meeting.
 
 STATUTORY DISCLOSURES:
 
 Conservation Of Energy, Technology Absorption and Foreign Exchange
 Earnings And Outgo:
 
 Particulars required to be furnished by the Companies (Disclosure of
 particulars in the Report of Board of Directors) Rules 1988:
 
 Part A and B pertaining to conservation and technology absorption is
 not applicable to the Company. However the Company endeavored to
 conserve energy consumption wherever feasible.
 
 The Company has neither used nor earned any foreign exchange during the
 year under review
 
 PARTICULARS OF EMPLOYEES
 
 The information as required under Section 217(2A) of the Companies Act.
 1956 read with Companies (particulars of employees'' amend- ment) Rules,
 1988 as amended from time to time is nil.  
 
 DIRECTOR''S RESPONSIBILITY STATEMENT 
 
 Pursuant to sub-Section (2AA) of Section 217 of Companies Act''1956 the 
 Board of Directors of the Company hereby State and confirm that:
 
 -  in preparation of Annual Accounts, the applicable accounting
 standards had been followed along with proper explanation relating to
 material departures;
 
 -  the Directors had selected such accounting policies and applied them
 consistently 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 end of the financial
 year and of the profit or loss of the company for that period;
 
 -  the Directors had taken proper and sufficient care for the
 maintenance of adequate accounting records in accordance with the
 provi- sions of this Act for safeguarding the assets of the company and
 for preventing and detecting fraud and other irregularities;
 
 -  The Directors had prepared the annual accounts on a going concern
 basis.  
 
 CASH FLOW
 
 A Cash Flow statement for the year ended 31 March, 2012 is attached to
 the Balance Sheet.  
 
 AUDITORS AND AUDITORS'' REPORT
 
 The retiring Auditor M/s Jeevan Jagetiya & Co., Chartered Accountants,
 Ahmedabad has indicated their willingness to continue as auditor of the
 Company. It is proposed to reappoint M/s Jeevan Jagetiya & Co.,
 Chartered Accountants, Ahmedabad as auditors of the Company till the
 conclusion of Twenty Sixth Annual General Meeting. The Company has
 received certificate from auditor to the effect that the reappoint-
 ment if made, would be within prescribed limit under Section 224 (1-B)
 of the Companies Act, 1956.
 
 FIXED DEPOSITS
 
 The Company has not accepted any deposits from the public.
 
 INSURANCE
 
 The Company''s assets are adequately insured against major risks.
 
 
 ACKNOWLEDGEMENTS
 
 The Board expresses their appreciation for continued co-operation and
 support extended to the Company by bankers, employees & share- holders.
 
 
 
 Date : 02/05/2012       FOR AND ON BEHALF OF THE BOARD OF DIRECTORS
 
 Regd. Office :
 
 43, Sakan Twin Bunglows
 
 Nr. Management Enclave,                               H. S. Jadeja
 
 Vastrapur, Ahmedabad.                                     Chairman