The Directors have pleasure in presenting their Sixteenth Annual Report
 and Audited Balance Sheet and Profit and Loss Account or the year ended
 31st March, 2000. 
 
 FINANCIAL HIGHLIGHTS
 
                                           Current Year    Previous Year
 
                                             Rs.in Lacs       Rs.in Lacs
 
 Gross Receipts                                 2726.08          1672.72
 
 Operating Profit                                 71.26            67.37
 
 Interest                                         26.06            27.60
 
 Depreciation                                      7.52             7.13
 
 Profit before tax                                37.68            32.64
 
 Provision for Tax                                 8.10            12.40
 
 Profit after Tax                                 29.58            20.24
 
 Transferred to Reserve                            2.96             2.00
 
 Total retained Profit                            82.19            55.47
 
 
 DIRECTORS
 
 Shri. Pawan Kumar Poddar, Smt. Shyamalata Poddar, Smt. Ashadevi Poddar,
 Shri Madhusudan Lohia Shri Ramavtar Todi and Shri Satish Kumar Khemka
 resigned as directors during the year.  Your are requested to consider
 the appointment and payment of the remuneration to Shri Kailash Chandra
 Gupta and Shri Om Prakash Malpani.  You are requested to consider the
 appointment of Shri Rajkumar Bajaj.
 
 PUBLIC DEPOSIT
 
 The Company has not accepted any Deposits from Public during the Year
 under report.
 
 PARTICULARS OF EMPLOYEES
 
 The information of Employees Pursuant to Section 217 (2A) of the
 Companies Act, 1956 is as per annexure
 
 CONSERVATION OF ENERGY
 
 CONSERVATION OF ENERGY
 
 A. Power and Fuel Consumption
 
 1. a) Purchase
 
 Unit KW                             45938
 
 Total Amount Rs.                   193398
 
 Rate Per Unit Rs.                    4.21
 
 B. Consumption per unit of Production Cloth Rs.0.47
 
 TECHNOLOGY ABSORPTION Nil
 
 FOREIGN EXCHANGE EARNINGS AND OUTGO
 
 Travelling Expenses Rs.5,25,645/-
 
 CIF value of Imports of Finished Fabric Rs.14,40,985/-
 
 AUDITORS
 
 The Auditors of the Company M/s Jayantilal Thakkar Associates,
 Chartered Accountants, Mumbai retires at the conclusion of the Current
 Annual General Meeting and are being eligible for re-appointment.