To The Members of GEEFCEE FINANCE LIMITED
 
 The directors have pleasure in presenting the TWENTY- SECOND ANNUAL
 REPORT together with the Audited statement of accounts for the year
 ended 31st March, 2012.
 
                                                (Figures in Rupees)
 
 FINANCIAL RESULTS                   Current Year        Previous Year 
                                         2012                 2011
 
 Gross Revenue                           5,11,347            7,80,298
 
 Net Profit before Income-tax               7,069            1,00,022
 
 Less: Provision for Income-tax               -                  -
 
 Net Profit after Taxes                     7,069            1,00,022
 
 OPERATIONS
 
 Net profits have declined sharply during the year. Your directors are
 hopeful that the business will improve in the coming years. Your
 directors are trying their best and are continuously looking for
 opportunities to boost the business and profitability for the company.
 
 DIVIDENDS:
 
 Your directors do not recommend dividends for the current year.
 
 DEPOSITS:
 
 During the year under report, the company has not accepted any deposits
 from the public, and hence, there is no overdue deposit as on 31st
 March, 2012.
 
 FINANCE:
 
 Your company did not issue any shares during the year under review.
 
 DIRECTORS
 
 There is no change in the Directorship of the Company during the Year.
 
 PARTICULARS OF EMPLOYEES:
 
 The Company has no employee during the year in respect of which the
 statement pursuant to section 217(2A) of the Companies Act, 1956 and
 the Companies (Particulars of Employees) Rules, 1975 is required to be
 annexed.
 
 AUDITORS
 
 Auditors retire at the close of the Annual General Meeting and being
 eligible, offer themselves, for re-appointment.
 
 DISCLOSURE OF PARTICULARS UNDER SECTION 217(lHe) OF THE COMPANIES ACT,
 1956
 
 a.  Conservation of energy:    Not Applicable
 
 b.  Technology absorption:     Not Applicable
 
 c.  Foreign exchange earnings 
     and outgo :                NIL
 
 DIRECTORS'' RESPONSIBILITY STATEMENT:
 
 As per Section 217(2AA) of the Companies Act, 1956, the Board of
 Directors state:
 
 a) That in preparation of annual accounts, applicable accounting
 standards has been followed. There is no material departure from the
 applicable accounting standards.
 
 b) That the directors have selected such accounting policies and
 applied them consistently and made judgment 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
 Net Profit of the Company for the year under report.
 
 c) That director 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 assets of the
 Company and for preventing and detecting fraud and other
 irregularities.
 
 d) That the Directors have prepared the accounts for the financial year
 ended 31st March, 2012 on a going concern basis.
 
 CORPORATE GOVERNANCE REPORT
 
 Your company is committed to the tenets of good Corporate Governance
 and has taken adequate steps to ensure that the requirements of
 Corporate Governance as laid down in Clause 49 of the Listing Agreement
 are complied with.
 
 A separate report on Corporate Governance and a management Discussion
 and Analysis Report are being published as a part of the Annual Report
 of the Company.
 
 The Auditors of the Company have certified that conditions of Corporate
 Governance as stipulated under Clause 49 of the Listing Agreement are
 complied by the Company and their Certificate is annexed to the Report
 on Corporate Governance.
 
 ACKNOWLEDGEMENTS:
 
 Your directors acknowledge the valuable support by the shareholders of
 the Company, vendors, investors, bankers, consultants and advisors
 throughout the year. Your directors place on record their appreciation
 to employees for their hard work, dedication and commitment to the
 company.
 
                                                  By order of the Board
                                            for Geefcee Finance Limited
 
 
 
 Place: New Delhi                                     G. R. Goyal
 
 Dated: 15th May, 2012                                 Chairman