The Directors have pleasure in presenting the 30th Annual Report
 together with the Audited Statement of Accounts for the year ended 31
 March, 2012.
 
 Financial Results and Operation
 
 During the year under review the Company had a turnover of Rs 245.18
 Lacs and the net profit of Rs.9.22 Lacs 
 
 Dividend
 
 In view of the negligible profit during the year under review, Your
 Directors express their inability to recommend any dividend.
 
 Deposits
 
 During me year the Company has not accepted any deposits from public
 under Section 56-A of the Companies Act, 1956.  
 
 Directors
 
 There has been no change in the Board of Director of the Company. Shri
 S.S Shaktawat is liable to retire by rotation and being eligible, as
 offers himself for re-appointment.
 
 Directors'' Responsibility Statement
 
 Pursuant to the requirement under Section 217<2AA) of the Companies
 Act, 1956, with respect to Director''s Responsibility Statement, it is
 hereby confirmed that:
 
 (i) in the preparation of the annual accounts, the applicable accounting
 standards have been followed and there are no material departures from
 the same;
 
 (ii) the Directors have selected such accounting policies and applied
 them consistently and made judgments and estimates mat are reasonable
 and prudent so as to give a true and fair view of the state of affairs
 of the Company as at March 31, 2012 and of the profit of the Company
 for the year ended on that date.
 
 (iii) 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 defecting fraud and the other
 irregularities;
 
 (iv) the directors have prepared the Annual Accounts for the year ended
 31.3.2012 on a ''going concern basis''.
 
 Auditors
 
 M/s M B R & Co., Chartered Accountants, Auditors of the Company retire
 at the confusion of ensuing Annual General Meeting and being eligible
 offer themselves for re-appointment. The Company has received
 certificate from them to the effect that their re-appointment. if made,
 would be in conformity with the Section 224 (IB) of the Companies Act,
 1956.
 
 Particulars of Employees
 
 There is no employee under the category whose particulars are required
 to be given under section 217(2A), as amended of the Companies Act.
 1956.
 
 Conservation of Energy, Technology Absorption and Foreign Exchange
 Earnings and Outgo
 
 Since the Company is not presently involved in any manufacturing or
 processing activity, the information regarding conservation of energy,
 technology absorption and R & D as required to be disclosed is not
 given.
 
 Foreign Exchange Earning and Outgo
 
 Foreign Exchange earned during the year: Nil
 
 Foreign Exchange spent on traveling during the year Rs 2,35,655/-
 
 Corporate Governance
 
 Your Company is committed to maintain the highest standards of
 Corporate Governance. The Directors adhere to the requirements set out
 by the Securities and Exchange Board of India''s Corporate Governance
 practices and have implemented the stipulations prescribed. The Report
 on Corporate Governance as stipulated under Clause 49 of the Listing
 Agreement forms part of the Annual Report.
 
 The requisite Certificate from the Auditors of the Company, confirming
 compliance with the conditions of Corporate Governance as stipulated
 under the aforesaid Clause 49, is annexed to this Report.
 
 Acknowledgement
 
 The Directors would like to express their appreciation for the
 continued confidence reposed in them by the shareholders of the Company
 and look forward to their continued support.
 
                              For and behalf of the Board of Directors
 
 Place: New Delhi           (Manoj Khemam)         (B.R. Goyal)
 
 Date: 30.05.12            Director & Manager        Director