To The Members
 
 The Directors have pleasure in presenting the 18th Annual Report
 together with the Audited Accounts of the Company for the year ended
 31st March 2012.
 
 FINANCIAL HIGHLIGHTS
 
                                                         (Rs. in lacs)
 
 PARTICULARS                                  YEAR ENDED   YEAR ENDED
                                              31.03.2012   31.03.2011
 
 Sales (Excl: Duties & Taxes)                    1017.96      725.09
 
 Other Income                                       0.77        8.51
 
 TOTAL INCOME                                    1018.73      733.60
 
 TOTAL EXPENDITURE                                887.25      681.80
 
 Profit/ (Loss) before depreciation & 
 Financial Charges                                131.48       51.80
 
 Depreciation                                      56.81       40.69 
 
 Financial Charges                                 39.35        3.93
 
 Misc. Exp Witten Off                               0.00       22.30
 
 Profit Before Tax                                 35.32        7.18
 
 Prior period items                                (2.14)       0.85 
 
 Provision for tax                                  0.00        1.49
 
 Deferred Tax Asset Provided                       (2.22)
 
 NET PROFIT / (LOSS)                               35.40        6.54
 
 Balance carried to balance sheet
 
 Your Directors would like to bring to your kind notice that there has
 been good growth in plastic division and the overall turnover of the
 Company was satisfactory. The company earned a net profit of Rs.35.40
 Lakh. Your Directors are hopeful of good performance and profitability
 in future years.
 
 DIVIDEND:
 
 During the Financial Year 2011-12, Your Company has recorded a Net
 profit of Rs.35.40 Lakh and plan to plough the same into business hence
 your Directors do not recommend any dividend for the Financial Year
 2011-12.
 
 DEPOSITS:
 
 During the year under review, the Company has not accepted deposits
 attracting the provisions of Section 58A of the Companies Act 1956.
 
 DIRECTORS:
 
 Sri Cherukuri Subrahmanyam and Sri Sahu Garapati, Directors of the
 Company retire at the ensuing Annual General Meeting and being eligible
 offer themselves for re- appointment.
 
 DIRECTORS RESPONSIBILITY STATEMENT PURSUANT TO SECTION 217 (2 AA) OF
 THE COMPANIES ACT:
 
 The Directors of your Company hereby report:
 
 (i) that in the preparation of Annual Accounts for the year ended 31st
 March,2012, the applicable accounting standards have been followed
 along with the proper explanation relating to material departures;
 
 (ii) that the 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 ended 31st
 March, 2012 and of the profit and loss of the Company for that period;
 
 (iii) that the 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 detecting fraud and other irregularities;
 
 (iv) that the Directors have prepared the annual accounts on a going
 concern basis. 
 
 AUDITORS:
 
 M/s Ramasamy Koteswara Rao & Co, Chartered Accountants, Statutory
 Auditors of the Company retire at the conclusion of the ensuing Annual
 General Meeting and has expressed their willingness to be reappointed
 
 The Company has received a certificate from the Auditors to the effect
 that their appointment, if made will be in accordance with the
 provisions of Section 224(1B) of the Companies Act. 1956.
 
 PARTICULARS OF EMPLOYEES:
 
 During the year under review, none of the employees were in receipt of
 remuneration in excess of Rs. 5,00,000/- per month or Rs. 60,00,000/-
 per annum the limits prescribed under the Section 217(2A) of the
 Companies Act, 1956 read with the Companies (Particulars of Employees)
 Rules, 1975.
 
 EMPLOYEE RELATIONS:
 
 The relationship with the employees continues to be cordial. The
 Directors would like to place on record their appreciation of the
 services rendered by all the employees of the Company.
 
 INFORMATION REQUIRED UNDER 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.
 
 A Statement of particulars of the conservation of energy, technology
 absorption and foreign exchange earnings and outgoings is given as
 required under the Companies (Disclosure of Particular in the Report of
 the Board of Directors) Rules, 1988, is enclosed as ANNEXURE-A
 
 MANAGEMENT DISCUSSION & ANALYSIS
 
 Pursuant to the provision of clause 49 of the Listing Agreement, a
 report on management Discussion & Analysis is set out as an ANNEXURE- B
 
 CORPORATE GOVERNANCE:
 
 The Company is regular in complying with the Clause 49 of the Listing
 Agreement entered with the Stock Exchanges. A brief report on the
 Corporate Governance with certificate from the Statutory Auditors of
 the Company for compliance with the Clause 49 of the Listing Agreement
 with the Stock Exchanges is set out in ANNEXURE-C.
 
 HUMAN RESOURCE VALUATION:
 
 Your Company recognizes that the human resources are the most crucial
 factor for achieving sustained growth over the years. The management
 considers it''s highly motivated and passion driven work force as its
 partner in the growth of the Company.
 
 ACKNOWLEDGEMENTS:
 
 Your Directors acknowledge with gratitude and wish to place on record
 their sincere thanks and appreciation for the co-operation received by
 the Company from various departments of Central/ State Government,
 Banks, for their continued co-operation and the support extended during
 the year. Your Directors also wish to acknowledge the continued support
 and confidence reposed in the management by the Shareholders.
 
                           For and On behalf of the Board of Directors
 
 Place: Hyderabad                             Sd/-
 
 Date:27.08.2012 
 
                                      Prasad V.S.S Garapati
 
                                   Chairman & Managing Director