The Directors have pleasure in presenting the 22nd Annual Report
 together with the Audited Statement of Accounts for the year ended on
 31st March, 2012.
 
 FINANCIAL RESULTS                      Year Ended         Year Ended
                                        31-03-2012         31-03-2011
 
 GROSS INCOME                            2,06,626          4,82,473
 
 GROSS PROFIT/(LOSS) BEFORE
 
 DEPRECIATION AND INCOME TAX            (2,54,058)        (3,56,097)
 
 Less: Depreciation                        21,055            30,624
 
 Income Tax (including for
 earlier years)                             2,630              -
 
 NET PROFIT/(LOSS) AFTER TAXES          (2,77,743)        (3,86,721)
 
 DIVIDEND
 
 In view of carried forward losses, your directors are unable to declare
 dividend for the year under consideration.  OPERATIONS
 
 During the year your company moderately participated in Capital Market
 due to shortage of funds.
 
 COMPLIANCE WITH REGULATIONS
 
 The Company has complied with various regulations formulated from time
 to time by the authorities.
 
 RESPONSIBILITY STATEMENT
 
 The Directors confirm
 
 a) that in preparation of the annual accounts, the applicable
 accounting standards have been followed and that no material departures
 have been made from the same;
 
 b) that they have selected such accounting policies and applied them
 consistently and made judgements and estimates that are reasonable and
 prudent so as to give a true and fair view of the state of the affairs
 of the company at the end of the financial year and of the loss of the
 company for the year;
 
 c) that they have taken proper and sufficient care for maintenanace of
 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.
 
 d) that they have prepared the annual accounts on a going concern
 basis.
 
 CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION,
 
 FOREIGNEXCHANGE EARNINGS AND OUTGOINGS
 
 The Company is not engaged in any manufacturing activities, therefore
 there is no information to submit in respect of conservation of energy
 and technology absorption. The Company has no foreign exchange earning
 and outgoing during the year.
 
 DIRECTORS
 
 Sri Vinay Kumar Agarwal retires at the ensuing Annual General Meeting
 and being eligible offers himself for re- appointment. As your Company
 has received notice under Section 257 of the Companies Act, 1956 from a
 member proposing his candidature for the office of the Director of the
 Company, he is appointed a Director of the Company from the date of
 ensuing Annual General Meeting.
 
 AUDITORS
 
 At the Annual General Meeting, members are requested to appoint
 Auditors for the current financial year and to fix their remuneration.
 
 PARTICULARS OF EMPLOYEES
 
 In compliance with the provisions of section 217(2A) of the Companies
 Act, 1956 read with the Companies (particulars of employees) Rules,
 1975 as amended from time to time, there is no such employee in receipt
 of remuneration of more than the specified limit under the said act.
 
 APPRECIATION
 
 The Directors wish to place on record their appreciation of the
 valuable support given by our clients, Bankers & shareholders.
 
 Place : Kolkata              For and on behalf of the Board
 
 Dated : 29th June, 2012              Sanwarmal Agarwal
 
                                         (Director)