To, The Members,
 
 The Directors of your company have pleasure in presenting to you the
 34th Annual Report together with the Audited Statements of Accounts for
 the year ended on 31st March, 2012. 
 
 
 FINANCIAL RESULT
 
                                          Current Year     Previous Year
 Particulars                                 2011-2012        2010-2011
 
                                        (Amount in Rs.)   (Amount in Rs.)
 
 Profit before Depreciation and Taxes        334347           295712
 
 Less : Depreciation                         133426            67049
 
 Profit for the year                         200921           228663
 
 Less : Tax Provision                         38285            42393
 
 Less : Income Tax Adjustment of 
 earlier yeas                                  (87)            26362
 
 Profit after Tax                            162723           159908
 
 Add : Balance brought forward              1532708          1372800
 
 Balance carried to Balance Sheet           1695431          1532708
 
 DIVIDEND
 
 In view of the meager amount of profit during the year and to
 strengthen the financial position of the company, your directors have
 not recommended any dividend for the year.
 
 PARTICULARS OF EMPLOYEES
 
 There was no employee during the year, covered by section 217 (2A) of
 the Companies Act, 1956, read with the Companies (Particulars of
 Employees) Rules, 1975.
 
 AUDITORS AND AUDIT REPORT
 
 M/s Chaturvedi Sohan & Co., Chartered Accountants, Mumbai will cease to
 be Auditors of the Company at the conclusion of the ensuing Annual
 General Meeting and being eligible offer themselves for re-appointment.
 
 COMPLIANCE CERTIFICATE
 
 Your Company has complied with all the provisions of Companies Act,
 1956; a certificate to this effect has been obtained from Practicing
 Company Secretary, Mumbai, a copy of which is enclosed.
 
 PARICULARS OF ENERGY CONSERVATION. TECHNOLOGY ABSORBTION AND FOREIGN
 EXCHANGE OUTGO
 
 The Company is not covered under any of the industry specified in
 Schedule under rule 2(A) of the Companies (Disclosure of particulars in
 the Report of Board of Directors) Rules, 1988 as such the Company is
 not required to submit particulars of Energy Conservation as required
 under Rule 2(A) and there is no activity which should be disclosed as
 per rule 2(B) and 2(C) about Technology Absorption and Foreign outgo.
 
 RESPONSIBILITY STATEMENT
 
 Your Directors confirm:
 
 a) That in the preparation of the Annual Accounts, the applicable
 accounting standards have been followed and that no material departures
 have been made from the same.
 
 b) That they 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 and fair view of affairs of the company at
 the end of the financial year and of the Profit or Loss of the Company
 for the period;
 
 c) That they 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 irregularities;
 
 d) That they have prepared the Annual Accounts on a going concern
 basis.
 
 CORPORATE GOVERANCE
 
 The Company is making all efforts for complying the provisions relating
 to corporate Governance pursuant to clause 49 of the Listing Agreement
 with Stock Exchange.
 
                                          FOR AND ON BEHALF OF THE BOARD
 
                                                      -sd-
 
 Place: Mumbai                                    (Nina Ranka)
 
 Date: 11th June, 2012                               DIRECTOR