The Directors, have pleasure in presenting their 8th Annual Report and
 Audited Statement of Accounts of the Company for the year 31st March,
 2000.
 
 FINANCIAL RESULTS :
 
 The Financial results for the year and those of the previous year are
 summarised below :
 
                              For the year ended     For the year ended
                                      31.03.2000             31.03.1999
 
 Gross Profit/(Loss)                   10,78,948               8,01,347
 
 Less : Provision for Depreciation     10,51,532               7,52,880  
 
 Profit before Tax                        27,416                 48,467     
 
 Less : Provision for tax                 55,248                      - 
 
 Less : Provision for earlier year         8,758                      - 
        Written back
 
 Net Profit/(Loss)                      (36,590)                 48,467
 
 
 DIVIDEND :
 
 In view of inadequacy of profit of the Company, your Directors do not
 recommend any dividend for the year.
 
 OPERATION :
 
 The Directors have the pleasure of informing you that during the year,
 the sales of the Company was Rs. 922.47 Lacs as compared with sales of
 Rs. 624.59 lacs in 1998-99, but due to fluctuations in oil market, the
 Company made loss after provision of Tax & prior period adjustments,
 of Rs. 36,590. Due to heavy imports of edible oil and fluctuation of
 international prices, and increase of import duty, the edible oil
 industries are facing volatity as well as cut throat competition. There
 are wide price flucturations adversly effecting the viability. During
 current year, sales have fallen due to increase in big number of
 players in the market and the present trend suggests that working may
 be affected.
 
 DEPOSITS :
 
 The company did not accept any fixed deposit from public and hence no
 details are required.
 
 NOTES ON ACCOUNT ;
 
 The Directors are of the view that the notes to the accounts are
 adequate and self-explanatory in respect to Auditor's Report.
 
 DIRECTORS :
 
 During the period under review Sri Anil Satnalika Director of the
 company resigned on personal ground which was accepted by the Board in
 there meeting held on 28.07.2000. In pursuance of section 256 of the
 Companies Act '56, Sri Bibhuti Bhusan Das will be retiring from the
 Board and being eligible, seeks his re-appointment. Your Board of
 Directors also inducted MD Enamulla Ansari, as a Director of the
 company w.e.f. 28.07.2000.
 
 AUDITORS :
 
 M/s. S. K. Agarwal & Associates, Chartered Accountants who retires at
 the conclusion of the forth coming Annual General Meeting and have
 expressed their willingness to be re-appointed which is within the
 limits prescribed us 224 (1B) of the companies Act, 1956. The Director
 recommended their re-appointment.
 
 The Directors further inform that there are no employee drawing over
 prescribed salary for which disclosure is to be made u/s 217 (2A) of
 the Companies Act, 1956 the Companies Rule.
 
 The Directors further inform that u/s 217 (1) (e) of the Companies Act,
 1956 The Companies Disclosure in the Report for the financial year
 ended 31st March '2000, the total electricity was bought from CESC Ltd.
 for Rs. 21,638.00 in Head Office and Rs. 1,45,038.00 at Factory.
 
 As regards Research & Development the Company constantly pursuing the
 measure to improve the quality of the materials such as by appointing
 technical qualified persons. Efforts are being made also in technology
 absorption, as per form 'B' of the annex of the Rules.
 
 The Directors are pleased to inform that the Company exported materials
 to Bhutan valued for 40.76 Lacs (previous year 12.10 lacs) and there is
 no foreign exchange expenditure during the year.
 
 DISCLOSURE OF PAYMENT OF LISTING FEES TO STOCK EXCHANGE.
 
 The company's shares are listed with Calcutta Stock Exchange & Mumbai
 Stock Exchange. Payment of listing fees to above two exchanges, have
 been paid for the year. As regards, Ahmedabad Stock Exchange, where
 Company's share were also listed, the Company's request of delisting has
 been accepted. The shares are no more listed at Ahmedabad Stock
 Exchange as per their letter No. : 1175/2000 dt 28.06.2000.
 
 `D' MAT SHARE TRADING
 
 It has been bought to the notice of the management that your company
 has been included for `D' Mat Trading. Necessary steps are being taken
 to complete necessary formalities and arrangement.