The Directors have pleasure in presenting their Twenty Sixth Annual
 Report together with the Audited Accounts for the financial year ended
 on 31st March, 2010.
 
 FINANCIAL RESULTS
 
                                                (Rs. in Lacs)
 
                                    2009-10         2008-09
 
 Profit before Taxation               1.65            0.90
 
 Less : Provision for taxation
 
 - Current Tax                        0.50            0.31
 
 Profit after Taxation                1.15            0.59
 
 Add : Surplus profit brought 
 forward from previous year          21.43           21.97
  
 Balance available for 
 appropriation                       22.58           22.56
 
 Appropriation :
 
 Transferred to Reserve Fund          0.23            0.12
 
 Income Tax payment for 
 earlier years                          -             1.01
 
 Balance carried over to next year   22.35           21.43
 
                                     22.58           22.56
 
 WORKING OF THE COMPANY
 
 During the year under review, your Directors have consistently tried
 their best to improve the financial condition of the Company by
 investing its fund in the field of trading in textiles goods. The
 Company recorded a turnover of Rs. 2,993.04 lacs and a net profit of
 Rs. 1.15 lacs during the financial year 2009-10, in spite of severe
 competition in the industry.
 
 RETIRES BY ROTATION
 
 In accordance with the Articles of the Company and the provisions of
 the Companies Act, 1956, Mr. S. S. Chatterjee, Director of your Company
 will retire by rotation at the ensuing Annual General Meeting and is
 eligible for re-appointment in the Board.
 
 DIVIDEND
 
 The Board has not declared any Dividend during the year under review.
 
 
 DIRECTORS RESPONSIBILITY STATEMENT
 
 Pursuant to Section 217(2A) of the Companies Act, 1956 your Directors
 make the following statement to the best of thei knowledge and belief
 and according to the information and explanations obtained by them:
 
 i. in the preparation of the annual accounts, the applicable accounting
 standards had been followed along-with propei explanations relating to
 material departures, if any.
 
 ii. that such accounting policies have been selected and applied
 consistently and judgments and estimates have beer made 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.
 
 iii. that proper and sufficient care has been taken 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 anc other irregularities.
 
 iv.  that the Annual Accounts have been prepared on a going concern
 basis.
 
 AUDITORS & AUDITORS REPORT
 
 M/s. G. Sah & Company, Chartered Accountants, Statutory Auditors of the
 Company hold office until the conclusion of the ensuing Annual General
 Meeting and are recommended for re-appointment. The Company has
 received a certificate frorr the above Auditors to effect
 re-appointment, if made, would be within the prescribed limit under
 section 224(1 B) of the Companies Act, 1956.
 
 The observation made by the Auditors are self-explanatory and do not
 require any further clarification.
 
 PARTICULARS OF CONSERVATION OF ENERGY & TECHNOLOGY ABSORPTION AND
 FOREIGN EXCHANGE EARNINGS AND OUTGO
 
 Since the Company at present is not engaged in any manufacturing
 activity, the information as required under sectior 217(1 )(e) of the
 Companies Act, 1956 read with particulars in the Companies (Disclosure
 of particulars in the Report of the Board of Directors) Rules, 1988 are
 not applicable.
 
 PARTICULARS OF EMPLOYEES
 
 During the year under review, none of the employees were covered under
 the provisions of Section 217(2A) of the Companies Act, 1956 read with
 Companies (Particulars of Employees) Rules, 1975 as amended.
 
 ACKNOWLEDGEMENT
 
 Your Directors express their deep appreciation to all concerned who
 have made contribution in the growth of the Company.
 
 
                                              Yours faithfully,
                                          For G. SAH & COMPANY
                                         Chartered Accountants
                                  Firm Registration No.323378E
 
 P-8,Chowringhee Square                           Gajadhar Sah
 1 st Floor, Kolkata - 700 069                         Partner
 Date : 29th May, 2010                   Membership No. 055864