To, The Members OF ROSELABS INDUSTRIES LIMITED Gujarat
 
 The Directors are pleased to present the 20th Annual Report together
 with Audited Financial Accounts for the year ended 31st March, 2012.
 
 FINANCIAL HIGHLIGHTS:
 
                                                (Amount in Rs.)
 
 Financial Results                 Current Year          Previous Year
                                      2011 - 12              2010 - 11
 
 Sales                                  495,200                692,087
 
 Profit before making 
 provisions for Interest,                31,119                 93,964
 
 Depreciation and Taxation
 
 Less :                                       -                      -
 
 1.   Interest ;                              _                      -
 
 2.   Depreciation :     
 
 3.   Provision for Taxation                  -                      _
 
 4.   Fringe Benefit Tax                      -                      _
 
 5.   Income Tax of earlier Year              -                      _
 
 Profit/loss for the year                31,119                 93,964
  
 DIVIDEND :
 
 Due to carried forward losses of the previous years and negligible
 profit for the year your directors express their inability declare any
 dividend for the current year.
 
 CORPORATE GOVERNANCE AND MANAGEMENT DISCUSSION & ANALYSIS REPORT :
 
 Necessary measures have been taken to comply with the requirements of
 the Listing Agreements with the Stock Exchanges where the Company''s
 Shares are listed. The report on Corporate Governance is included as a
 part of Directors Report. A report on Corporate Governance as stated
 above, along with a certificate of compliance from the Auditors, forms
 part of this An nual Report.  Management Discussion and Analysis Report
 has been enclosed herewith and forming part of the Directors'' Report.
 
 ENVIRONMENT PROTECTION :
 
 Your Company is not engaged in any type of manufacturing activities. It
 is not generating any type of pollution. Hence the regulations on
 Pollution control are not applicable to your company.
 
 INSURANCE AND PROTECTION OP ASSETS :
 
 Your Company''s all fixed, movable and tangible assets are properly
 insured against all available commercial, natural and human hazardous
 risks from approved insurance companies. During the year under review
 your Company has not made any insurance claim and no such claims are
 still pending for settlement / payment.
 
 DEPOSITS :
 
 During the year under review your company has neith er invited nor
 accepted any public deposit or deposits from the public as defined
 under Section 58A of the Companies Act, 1956. The Deposits any accepted
 from the Directors are exempt as per the provisions of Section 58A of
 the Companies Act, 1956.
 
 DIRECTORS :
 
 Shri Naresh Rachchh, Director of the Company is liable to retires by
 rotation at the ensuing Annual General Meeting and being eligible
 offers himself for reappointment. Your Directors recommend his
 reappointment.
 
 Mr. Bhavik Badani & Mr. Jitendra Patel was appointed as an additional
 Directors on 11/11 /2011 6s 20/11/2011 and in their respect company
 received notices, seeks their appointment as Directors liable to retire
 by rotation.
 
 DIRECTORS RESPONSIBILITY STATEMENT: Pursuant to Section 217(2AA) of
 Companies Act, 1956, it is hereby confirm :
 
 (a) that in the preparation of the annual accounts financial year ended
 31 st March, 20 12, the applicable accounting standards have been
 followed and there is no material departures from the same;
 
 (b) that 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 true and fair view of the state of
 affairs of the Company at the end of the financial year and of the
 profit or loss of the Company for that year;
 
 (c) that the Directors have taken proper and sufficient care for the
 maintenance of adequate taccounting 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 the Directors have prepared the annual accounts for the
 financial year ended 31st March, 2012 on ''a going concern1 basis.
 
 STATUTORY AUDITORS :
 
 M/s. A. L. Thakkar & Co. , Chartered Accountants, Ahmedabad, retire at
 the ensuing Annual General Meting and are eligible for reappointment.
 The Company has received a certificate from them that their appointment
 if approved by the shareholders would be within the ceiling prescribed
 under section 224(1B) of the Companies Act, 1956. The members are
 requested to
 
 AUDITORS OBSERVATION :
 
 There are no observation s made by Auditors in their report. Notes to
 the Accounts are itself self explanatory in nature.
 
 EMPLOYEES:
 
 Provisions of Section 217(2A) of the Companies Act, 1956 read with the
 Companies (Particulars of Employees) Rules, 1975 are not applicable to
 the Company, and hence the information is not given.
 
 CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
 EARNINGS/OUTGO :
 
 The information relating to Conservation of Energy, Technology
 Absorption and Foreign Exchange Earnings and Outgo required under
 section 217(l)(e) of the Companies Act, 1956, read with the Companies
 (Disclosure of particulars in the Report of the Board of Directors)
 Rules, 1988, is given in the Annexure to this Report.
 
 MATERIAL CHANGES :
 
 Except the information given in this report i.e. with regard to change
 in management and control of the Company there are no material changes
 that have taken place after the completion of financial year and up to
 the date of this report which may have substantial effect on business
 and finances of the company.
 
 LISTING
 
 The Equity Shares of the Company are presently listed at the Bombay
 Stock Exchange Limited ( BSE). The Company has duly paid the Annual
 listing fees up to 31 st March, 20 13 to BSE.  Adequate care is being
 taken t o comply almost all the norms and guidelines as per applicable
 provisions of the Listing Agreement with the Company.
 
 APPRECIATION :
 
 Your Directors express their gratitude to the continuous support of the
 Financial Institutions, Banks, Central and State Governments, Office of
 the Industries Commissioner, valued Customers and devoted workers for
 their continuous contribution to the growth and progress of Company.
 
 The Directors also take this o pportunity to thank the shareholders for
 the confiden ce reposed in the management.
 
                                                   BY ORDER OF THE BOARD
 
                                              ROSELAB INDUSTRIES LIMITED
 
 Place:-Ahmedabad                                          SD/-
 
 Date : - 31.08.2012                                 (Jitendra Patel)
 
                                                          CHAIRMAN