The Directors present herewith their Annual Report and Audited
 Statement of Accounts for the year ended 31st March, 2012.
 
                                                (Amount in Rs)
 
 FINANCIAL RESULTS
 
 Particulars                           2011-2012     2010-2011
 
 Profit for the year                       7,898         4,583
 
 Balance b/f from previous year        (2,71,692)    (2,76,275)
 
 Balance carried to Balance Sheet      (2,64,794)    (2,71,692)
 
 DIVIDEND
 
 Your Directors do not recommend any dividend on equity shares in view
 of inadequate profit earned during the year.
 
 REVIEW OF OPERATIONS
 
 Your Company is exploring possibilities for joint venture or strategic
 partnership for business diversification. During the year under review,
 the Company could not able to do much business, except some business in
 IT related activities and in investment in Shares. The management is
 hopeful to achieve better results in the years to come.
 
 FIXED DEPOSITS
 
 The company has not accepted any fixed deposits during the year under
 review.
 
 STATUTORY INFORMATION
 
 Employees
 
 The Company has no employee during the year under review whose
 particulars are required to be furnished herein under section 217(2A)
 of the Companies Act, 1956.
 
 Conservation of energy
 
 The Company does not use fuel, so the requirements of furnishing
 particulars relating to conservation of energy do not arise.
 
 Foreign exchange earnings and outgo
 
 The company has neither earned nor spent any foreign exchange in the
 course of its business.
 
 Research and development
 
 The company has not yet started a Research and Development Department.
 
 Technology absorption, adaptation and innovation
 
 The company has not imported any technology.
 
 Secretarial Compliance Certificate
 
 Secretarial Compliance Certificate dated 24th July 2012 as obtained
 from Mr. Himanshu Agarwal, Company Secretary in whole time practice for
 the year ended 31st March 2012 is attached herewith.
 
 Internal control system
 
 The Company has a sound and adequate system of internal controls to
 monitor and control all the activities. The Company complies with all
 internal control policies and procedures as also other regulatory
 requirements.
 
 Directors
 
 In accordance with the provisions of the Companies Act, 1956 and the
 Articles of Association of the company, Mr. Mr. Ramakant Misra and Mr.
 S.K. Dubey retires by rotation and offers themselves for reappointment.
 
 Directors Responsibility Statement
 
 Pursuant to the requirement under Section 217(2AA) of the Companies
 Act, 1956 with respect to Directors Responsibility Statement, it is
 hereby confirmed:
 
 (i) 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;
 
 (ii) 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;
 
 (iii) that the Directors had prepared the accounts for the financial
 year ended 31st March, 2011 on a going concern'' basis.
 
 Auditors
 
 Members are requested to appoint Auditors for the current year and fix
 their remuneration. M/s Rani Maheshwari & Co. retires at the
 forthcoming Annual General Meeting and they have expressed their
 willingness to be re- appointed.
 
 Appreciation
 
 The Directors wish to sincerely thank their Bankers, employees and all
 associates for their help and co-operation.
 
 
 
                                       For and on behalf of the Board
 
                                                      Ramakant Mishra 
                                                             Chairman 
 Mumbai 
 Date : 30th July, 2012