To, All the Shareholders,
 
 The Directors have pleasure in presenting the Eighteenth Annual Report
 of the company together with the Audited financial accounts for the
 financial year ended on 31st March 2012.
 
 FINANCIAL RESULTS:
 
                                                        Rs. (in Lacs)
 
 Particulars                                   2011-2012    2010-2011
                                              (Audited)    (Audited)
 
 
 
 Sales                                          5280.48      3475.59
 
 Profit before Depreciation & Tax                277.53       321.61
 
 Profit before Tax                               186.72       232.82
 
 Provision for Tax (Current & Deferred Tax)       64.96        82.82
 
 Net Profit                                      121.75       150.00
 
 Appropriation
 
 Dividend                                           NIL          NIL
 
 Balance b/f from the previous year              441.43       291.43
 
 Transferred to General Reserve                     NIL          NIL
 
 Transferred to Reserve & Surplus                563.18       441.43
 
 Operational Review
 
 Your Company has achieved turnover of Rs. 5280.48 Lacs as against Rs.
 3475.59 Lacs In the previous year The Net Profit of the Company is Rs
 121.75 Lacs as against Rs. 150.00 Lacs in the previous year.
 
 Directors
 
 As per Article 107 and 108 of Article of Association of the Company
 Shri Rakesh Akar and Shri Radhe Shyam Mangal, Directors of the Company
 are liable to retire by rotation in the forthcoming Annual General
 Meeting and being eligible, offer themselves for reappointment.
 
 Directors Responsibility Statement
 
 Pursuant to section 217 (2AA) of the Companies Act, 1956, your
 Directors hereby confirm that:
 
 a) in the preparation of Annual Accounts of the Company, the applicable
 Accounting Standards have been followed along with proper explanation
 relating to material departures from the same, if there any.
 
 b) 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 & fair view of the state of affairs of
 the Company at the end of the financial year ended March 31st, 2012 and
 of the Profit of the Company for the year ended on that date.
 
 c) the Directors 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 the assets of
 the company and for preventing and detecting fraud and other
 irregularity.
 
 d) the Directors have prepared the Annual Accounts of the Company on a
 going concern basic.
 
 PARTICULARS OF EMPLOYEES REQUIRED UNDER SECTION 217 (2A) OF THE
 COMPANIES ACT, 1956
 
 None of the Employee of the Company has been paid such remuneration
 which attracts the provisions of Section 217(2A) of the Companies Act,
 1956 read with the Companies (Particulars of Employees) Rules, 1975,
 hence requirement of disclosure under section 217(2A) of the Companies
 Act, 1956 read with the Companies (Particulars of Employees) Rules,
 1975 doesn''t arise.
 
 Auditor and Auditor''s Report
 
 M/s A. Bafna & Company, Chartered Accountants, Jaipur holds office
 until the conclusion of the ensuing Annual General Meeting and being
 eligible and offer themselves for re-appointment. The Company has
 received a letter from the Auditors to the effect that their
 appointment, if made would be within the prescribed limit u/s224
 (1B)of the Companies Act, 1956 and also that they are not otherwise
 disqualified within the meaning of section 226 (3) of the Companies Act,
 1956.
 
 Notes on Accounts and significant Accounting Policies are self
 explanatory hence not require any further clarification.
 
 Subsidiary
 
 The Company has incorporated a subsidiary Company in the name of
 Swastik Polyblend Private Limited in the State of New Delhi as on
 05/02/2010.
 
 Dividend
 
 To conserve the resources of the Company for its future growth, the
 Board of Directors of the Company are not recommending any dividend for
 the financial year 2011-2012.
 
 Public Deposits
 
 During the year ended March 31st 2012, your Company has not accepted
 any deposits from the public.
 
 Future Plans
 
 The company will install 3 new machines for manufacturing of PU
 footwear and 2 Machines of PVC Air Blowing Machines for manufacturing
 of PVC Footwear for which additional factory building, with built-up
 area of about 15000 sq. Its., will be constructed during the financial
 year 2012-13.
 
 Management Discussion and Analysis
 
 A detailed review of operational performance and future outlook of the
 Company is given under the Management Discussion and Analysis Report
 which forms part of this Report,
 
 CONSERVATION OF ENERGY. TECHNOLOGY, FOREIGN EXCHANGE EARNINGS AND OUTGO
 
 Information in accordance with the provisions of section 217 (1) (e) of
 the Companies Act. 1956 read. I with the Companies (Disclosure of
 particulars in the Report of Board of Directors) Rules, 1988 are given
 in Annexure B to this report.
 
 Acknowledgement
 
 The Directors of your Company acknowledge a deep sense of gratitude for
 the continued support extended by Investors, Customers, Business
 Associates, Bankers and Vendors. Yours Directors place on record their
 appreciation for the significant contribution made by the employees at
 all levels through their hard work and dedication.
 
 The Directors also thanks the various Government and Regulatory
 Authorities and last but not the least the Shareholders for their
 patronage, support and faith in the company. The Board looks forward to
 their continued '' support in the years to come.  
 
                                            By the order of the Board
 
                                      For Lawreshwar Polymers Limited
 
 PLACE: Jaipur                                  (Ramesh Chand Agarwal)
 
 DATED: 30.05.2012                                           Chairman