The Directors are pleased to present their Annual Report together with
 the audited statements of accounts for the year ended 31st March, 2010.
 
 FINANCIAL HIGHLIGHTS:
 
 Particulars                For the years ended     For the year ended
 			         March 31,2010         March 31, 2009
 
 
 Total Income                          3,37,781/-             4,28,010/-
 
 Profit before Depreciation              53,617/-               75,701/-
 
 Profit Before Taxation                  53,617/-               75,701/-
 
 Less: Provision for Income Tax          16,570/-               23,391/-
 
 Provision for FBT                            0                  1,180/-
 
 Profit After Tax                        37,047/-               51,130/-
 
 
 DIVIDEND
 
 Directors have not recommended any dividend.
 
 YEAR UNDER RETROSPECT :
 
 The Company earned an income of Rs.2,60,000/- by way of commission out
 of I.T. activities. Due to poor sentiments the demand remained sluggish
 through out the year. The total income including interest was
 Rs.3,37,781/- as against Rs.4,28,010/- in the previous year. Due to
 lower income, the pre-tax profit was also lower at Rs.53,617/- as
 against Rs.75,701/- a year ago.
 
 FUTURE PROSPECT :
 
 Efforts are being made to increase the income and enter into other
 lucrative area of business.
 
 DIRECTORS'' RESPONSIBILITY STATEMENT:
 
 To the best of their knowledge and belief and according to information
 and explanations provided to them, your Directors make the following
 statement, pursuant to Section 217 (2AA) of the Companies Act, 1956
 that:
 
 1.  In the preparation of annual accounts, the applicable accounting
 standards have been followed and that no material departure has been
 made from the same.
 
 2.  Appropriate accounting policies have been selected and applied them
 consistently and 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 financial year March 31, 2010 and of the
 profit and of the Company for the year ended on that date;
 
 3.  Proper and sufficient care has been taken 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;
 
 4.  The annual accounts have been prepared on a ''going concern'' basis.
 
 DIRECTORS:
 
 To Company with the requirement of the Companies Act, 1956 Mr. Anand
 Raj Jain, Director, shall retire by rotation and being eligible, offers
 himself for reappointment.
 
 CONSERVATION OF ENERGY, ETC :
 
 Considering the activities of the Company the provisions of Section
 217(l)(e) of the Companies Act, 1956 is not application. The Company
 has not earned nor spent any foreign exchange during the year.
 
 EMPLOYEES:
 
 None of the employees was in receipt of a remuneration exceeding
 Rs.2,00,000/- per month or Rs.24,00,000/- per annum. Hence, information
 as required in pursuance of Section 217(2A) of the Companies Act, 1956
 read with the Companies (Particulars of Employees) Rules, 1975, is not
 furnished.
 
 COMPLIANCE CERTIFICATE :
 
 The Company has received a Compliance Certificate under the Provisions
 of Section 383 A of the Companies Act, 1956, and the same is attached.
 
 AUDITORS'' REPORT :
 
 Notes to the account gives full explanation to the remarks made by
 auditors in their report.
 
 AUDITORS :
 
 Singhal Sanklecha & Company, Statutory Auditors of the Company, will
 retire at the forthcoming Annual General Meeting. They are eligible for
 reappointment.
 
 Members are requested to appoint Auditors for the current financial
 year and fix their remuneration.
 
 ACKNOWLEDGMENT:
 
 Your Directors wish to thank it''s clients and shareholders for the
 unstinted support.
 
 
     			       On behalf of the Board of Directors
 
 					   (U. C. SHUKLA)
 
 					     CHAIRMAN
 Place : Mumbai.
 
 Date  : 30th August, 2010