The Directors have pleasure in presenting 28th Annual Report and
 Statement of accounts for the year ended 31st March 2012.
 
 FINANCIAL RESULTS              CURRENT YEAR        PREVIOUS YEAR
 
 TOTAL INCOME                        702,200              721,200
 
 Profit/(Loss) befroe 
 Interest, Depreciation & Tax        584,110              616,985
 
 Less : Interest                       -                      -
 
 Gross Profit                        584,110              616,985
 
 Less : Depreciation                     824                1,948
 
 Profit/(Loss) before Taxation       583,286              615,037
 
 Add/(less) : Taxation               (64,352)                 603
 
 Net Profit/(Loss) after Taxation    518,934              615,640
 
 YEAR IN RETROSPECT
 
 The company has earned Net profit after Tax of Rs. 5.19 as compared to
 net loss Rs. 6.16 lacs in the previous year.
 
 Directors'' Responsibility Statement
 
 Pursuant to the requirement under Section 217(2AA) of the Companies
 (Amendment)Act, 2000 with respect to Directors'' Responsibilities
 Statement, it is hereby confirmed:
 
 (i) that the preparation of the annual accounts for the financial year
 ended 31st March, 2012, the applicable accounting standards had been
 followed along with proper explanation relating to material departures;
 
 (ii) that the directors had selected such accounting policies and
 applied them consistently and made judgments and estimates that were
 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 or loss of the Company for the year under review;
 
 (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 for safeguarding the assets of
 the Company and for preventing and detecting fraud and other
 irregularities.
 
 (iv) that the directors had prepared the accounts for the financial
 year ended 31st March, 2012 on a going concern basis.
 
 DIRECTORS
 
 Mr.K. Chandrasekhar who retires by rotation and being eligible, offers
 himself for re- appointment.
 
 FIXED DEPOSITS
 
 The company has not accepted any deposit from the public during the
 year.
 
 DIVIDEND
 
 The company do not recommend dividend for the year.
 
 AUDITORS
 
 The current Auditors M/s. Chaitanya C. Dalal & Company retire on the
 conclusion of the ensuing Annual General Meeting and being eligible
 have offered themselves for re- appointment.
 
 CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
 EARNING AND OUTGO
 
 As the company is a service company, no particulars have been given
 regarding conservation of Energy and Technology Absorption.
 
 Foreign Exchange earning and outgo during the year - Rs. Nil (Previous
 Year Rs. Nil).  PARTICULARS OF EMPLOYEES
 
 Since the Company did not employ persons drawing remuneration in excess
 of Rs. 500,000 per month or Rs. 60,00,000 per annum, the information
 pursuant to section 217(2A) of the Companies Act, 1956 read with the
 Companies (Particulars of Employees) Rules, 1975 is not applicable.
 
 CASH FLOW ANALYSIS
 
 As per clause 32 of the Listing Agreement the cash flow statement has
 been attached to the Balance Sheet as on 31st March 2012 and Statement
 of Profit and Loss for the year ended 31st March, 2012.
 
 ACKNOWLEDGEMENTS
 
 Your directors wish to thank the company''s bankers and shareholders for
 their co-operation.
 
 FOR AND ON BEHALF OF THE BOARD
 SAGAR SYSTECH LTD.  
 
 MUKESH BABU DIRECTOR
 
 Place : Mumbai
 
 Date : 13th August 2012.