The directors have pleasure in presenting the Eighteenth Annual Report
 of the Company together with the Audited Statements of Accounts for the
 year ended on 31st March,2011
 
 Financial Results:                          31.03.2011       31.03.2010
                                           (Rs. In lacs)    (Rs. In lacs)
 
 Sales & other Income                              9.02            72.16
 
 Profit before interest & depreciation             1.90             2.92
 
 Less: Interest                                      -                -
 
 Profit before depreciation                        1.90             2.92
 
 Less: Depreciation                                0.08             0.12
 
 Profit after depreciation                         1.82             2.80
 
 Provision for Income tax                          0.57             0.87
 
 Profit after tax                                  1.25             1.93 
 
 
 Acceptance of Deposits:
 
 The company has not accepted any deposits from public during the year
 under review.
 
 Disclosure of Particulars with respect to Conservation of Energy etc.:
 
 Necessary information required by the Companies (Disclosure of
 Particulars in the report of Board of Directors) Rules, 1988 for
 conservation of energy, technology absorption and Foreign Exchange
 earnings and outgo are NIL. .
 
 Directors'' Responsibility Statement
 
 The Board of Directors of your Company state:
 
 I.  that in the preparation of annual accounts, the applicable
 accounting standards had been followed;
 
 II.  that the directors had 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 the state
 of affairs of the Company at the end of the financial year and of the
 profit of the Company for that period;
 
 III. that the directors had taken proper and sufficient care for the
 maintenance of adequate accounting records in accordance with the
 provisions of the Companies Act, 1956 safeguarding the assets of the
 Company and for preventing and detecting fraud and other
 irregularities;
 
 IV.  that the directors had prepared the annual accounts on a going
 concern basis.
 
 Auditors
 
 M/s Vimal Agrawal & Associates, Chartered Accountants, Jaipur, retire
 at the ensuing Annual General Meeting and being eligible, offer
 themselves for reappointment.
 
 Personnel:
 
 The company has not employed any person who was in receipt of
 remuneration of more than Rs.60,00,000/ for the whole year or
 Rs.5,00,000/ per month in the case of employment for part of the year.
 
 
 Directors:
 
 Smt. Alka Jain and Shri Jitendra Bansai directors of the company retire
 at the ensuing annual general meeting and being eligible, offer
 themselves for reappointment.
 
 Report on Corporate Governance:
 
 The report on corporate governance in accordance with clause 49 of the
 listing agreement with stock exchanges is attached to this report in
 Annexure.
 
 Place: Jaipur              For and on behalf of the Board of Directors
 
 Dated: 2nd Sept., 2011 
 
                                  (G. C. Jain)           (Ankur Jain)
 
                                   Mg. Director           Director