The Directors have pleasure in presenting their Annual Report and
 Audited Statement of Accounts for the year ended 31st March, 2012
 
 FINANCIAL RESULTS I WORKING:
 
 The financial results of the company as disclosed in the account are
 summarised below
 
 
                                           2011-2012         2010-2011
 
 Total Revenue                          11,31,65,852      41,87,79,904
 
 Total Expenses                         11.44.53.689      42.23.04.605
 
 Profit/ Loss before exceptional
 and extraordinary items and tax          (12,87,837)       (35,24,701)
 
 Exceptional Items                               Nil               Nil
 
 Profit before Tax                        (12,87,837)       (35,24,701)
 
 Tax Expenses
 
 1.  Current Tax                               00.00                00
 
 2.  Deferred Tax                          (6,78,204)        (4,27,621)
 
 3.  Tax for Earlier years                 (3,47,089)        83,78,009
 
 4.  Earlier years(TDS)                        00.00             7.908
 
 Profit and Loss for the period
 From Continuing operations               (23,13,130)        11,82,997
 
 Profit/ (Loss) from last year           12.85.94.09       2.43.42.406
 
 Profit/fLoss) for the period          (23,13,130.00)  (1,14,82,997.00) 
 
 
 
 
 Directors are hopeful for the better results of the Company workings in
 the current year.
 
 DIVIDEND:
 
 Board of Director has not recommended any dividend during year under
 review.  PUBLIC DEPOSITS:
 
 During the year under review, the Company has not accepted the Public
 Deposits within the meaning of Section 58-A of the Companies Act, 1956
 read with the rules framed thereunder.
 
 CONSERVATION OF ENERGY:
 
 The consumption of energy is being continuously monitored and effective
 measures are adopted to achieve economic consumption. Total foreign
 earning and outgo, energy consumption and energy consumption per MT of
 Production is as per Form ''A'' is enclosed.
 
 TECHNOLOGY ABSORPTION, RESEARCH AND DEVELOPMENT:
 
 Production Department of the Company are always in pursuit of finding
 the ways and means to improve the performance, quality and cost
 effectiveness of its products. The technology used by the Company is
 updated as a continuous exercise. The Company does not have a separate
 Research and Development activity.
 
 PARTICULARS OF EMPLOYEES:
 
 As required under section 217 (2A) of the Companies Act, 19S6 read with
 ihe Companies (Particulars of Employees) Rules 1975; as amended, the
 particulars of employees covered there under are Ml.
 
 DIRECTOR:
 
 Mr. Keshav APardhey, director retire by rotation and being eligible,
 offers himself for re-appointment. There is no other change in the
 composition of the Board of your Company.
 
 DIRECTORS'' RESPONSIBILITY STATEMENT:
 
 The Board of Directors confirms:
 
 1.  That in Ihe preparation of the annual accounts, die applicable
 accounting standards had been followed along with proper explanation
 relating to material departure;
 
 2.  That the directors had selected such accounting policies and
 applied them consistently and made judgements 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 aid of die financial year and of the
 profit or loss of the company for that period;
 
 3.  That the directors had 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; .
 
 4.  That tiie directors had prepared the annual accounts on a going
 concern basis.  AUDITORS:
 
 Auditor''s qualifications read with notes and other details in Balance
 Sheet are self- explanatory and do not require for any additional
 information.
 
 The Company''s Auditors Lalit Jham & Co., Chartered Accountants,
 Nagpur - retire at the conclusion of the ensuing Annual General Meeting
 and are eligible for re- appointment.
 
 SECRETARIAL COMPLIANCE CERTIFICATE:
 
 In terms of proviso to section 383A(1) of the Companies Act 1956, as
 amended, the Company has obtained necessary Secretarial Compliance
 Certificate from a Practising Company Secretary, and the same is
 attached herewith.
 
 ACKNOWLEDGEMENTS:
 
 The Board of Directors are grateful to the Company''s Bankers, Other
 Government, Semi-Government, and Statutory Bodies for their continued
 co-operation and assistance during the year.
 
 
 
 
                                    For and on behalf of the Board
 
 
 
 
 Place: Nagpur                   DIRECRTOR               DIRECTOR
 
 Dated: 31st August, 2012 (Krishan Kumar Agrawal)  (Radheshyam Agrawal)