TO THE MEMBERS
 
 The Directors have pleasure in presenting the Twenty First Annual
 Report of your Company along with Audited Annual Accounts for the year
 ended 31st March, 2012.
 
 OPERATION
 
 During the year under review your company''s sales have increased to Rs.
 2701.07 Lakhs and a pre tax profit of Rs.11.59 Laksh was earned after
 providing depreciation of Rs. 6.02 Lakhs and after providing tax of Rs.
 3.72 Lakhs a net profit of Rs. 7.87 Lakhs was earned.
 
 FINANCIAL OF THE COMPANY
 
 The financial performance of the Company for the year ended on 31st
 March, 2012 is as follows:
 
 
                                                       Rupees in Lakhs
 
   Particulars                                    2011-12      2010-11 
 
 
   Sales                                          2701.07      2445.84
 
 
   Other Income                                     32.89         2.01
 
 
   Expenditure exluding
 
 
   Depreciation                                   2716.35      2173.83
 
 
   Depreciation                                      6.02         6.36
 
 
   Proflt/(Loss) before tax                         11.59       (32.33)
 
 
   Provision for Taxation                            3.72       (11.07)
 
 
   Profit / (Loss) after tax                         7.87        21.25
 
 
   Profit / (Loss) carried to
   Balance Sheet                                    (2.09)       (9.96)
 
 
   Dividend                                            --           --
 
 
   EPS (Basic)                                       0.32        (0.87)
 
 
   EPS (Diluted)                                     0.32        (0.87)
 
 
 
 
 
 MATERIAL CHANGES
 
 There are no material changes.
 
 DIVIDEND
 
 Bearing in mind the financials of the Company, the Directors do not
 recommend any dividend for the year.
 
 FIXED DEPOSITS
 
 The Company has not accepted or renewed any fixed deposits from public
 during the year.
 
 DIRECTORS
 
 During the year there has been no change in the Board of Directors. In
 accordance with the provisions of the Companies Act, 1956 and the
 Articles of Association of the Company, Shri Madhu Sudan Somani retires
 by rotation at the ensuing Annual General Meeting of the Company. He is
 eligible for re- appointment.
 
 Shri Damodar Prasad Sarda, whole-time director is reappointed for a
 further period of 5 years w.e.f. 1st February, 2012, this reappointment
 is proposed to be confirmed at the ensuing Annual General Meeting.
 
 AUDITORS
 
 M/s. S.S. Kothari Mehta & Co., Chartered Accountants, Statutory
 Auditors of the Company holds office until the conclusion of the
 forthcoming Annual General Meeting and is eligible for re- appointment
 The Company has received a letter from them to the effect that their
 appointment, if made, would be within the prescribed limits under
 Section 224(1 B) of the Companies Act, 1956. Accordingly, the said
 Auditors are proposed to be re- appointed as auditors of the Company
 for the financial year 2012-13 at the ensuing Annual General Meeting.
 The notes to the accounts referred to in the Auditors'' Report are
 self- explanatory and therefore do not call for any further comments.
 
 DIRECTORS RESPONSIBILITY STATEMENT
 
 Pursuant to the requirement under Section 217(2AA) of the Companies
 Act, 1956, with respect to Directors'' Responsibility Statement, your
 Directors confirm that:
 
 1.  in the preparation of the Annual Accounts, the applicable
 Accounting Standards have been followed and there are no material
 departures;
 
 2.  they 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 for the financial year ended 31st March 2012 and of profit of
 the Company for that year;
 
 3.  they have taken proper and sufficient care to the best of their
 knowledge and ability 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;
 
 4. they have prepared the Annual Accounts on a ''going concern''
 basis.
 
 PARTICULARS OF EMPLOYEES
 
 There are no employees in the Company whose particulars are required to
 be disclosed under the provisions of section 217(2A) of the Companies
 Act, 1956 read with Companies (Particulars of Employees) Rules, 1975 as
 amended, from time to time.
 
 COMPLIANCE CERTIFICATE
 
 As per the requirements of Section 383A of the Companies Act, 1956 and
 Companies (Compliance Certificate) Rules, 2001, the Company has
 obtained a Certificate from M/s V. M. & Associates, Company Secretaries
 in Whole-time Practice, confirming that the Company has complied with
 the provisions of the Companies Act, 1956 and a copy of the Compliance
 Certificate is annexed to this report.
 
 The appointment of M/s V.M. & Associates, Company Secretaries in
 Whole-time Practice, is also sought, for the year 2012-13, given in the
 notice.
 
 CONSERVATION OF ENERGY. RESEARCH AND DEVELOPMENT. TECHNOLOGY ABSORPTION
 AND FOREIGN EXCHANGE EARNINGS AND OUTGO
 
 The particulars regarding foreign exchange earnings and expenditure are
 NIL. The directors always put stress on utilizing the power and fuel at
 optimum efficiency. The Company is using agro-waste, in place of coal.
 The particulars of power and fuel consumed is annexed in Annexure
 herewith and forms integral part of the report. The company is using
 Agro waste in place of coal.
 
 ACKNOWLEDGEMENT
 
 The Board of Directors place on record their appreciation for the
 assistance and cooperation received form the Financial institutions,
 banks, government and local authorities for their strong support and
 valuable guidance. The directors are thankful to the shareholders for
 their continuing support to the Company. Your directors also wish to
 place on record their deep sense of appreciation for the devoted
 services of the executives, staff and workers of the Company for its
 success.
 
 
 
                          For and on behalf of the Board of Directors
 
 
 
                                                                 Sd/-
 
 PLACE : ALWAR                                             D.P. Sarda
 
 DATE . 30.08 2012                                           Chairman