The Members,
 
 The Directors have pleasure in presenting their 20th Annual Report and
 Audited Accounts of the Company for the year ended 31st March 2012.
 
 FINANCIAL RESULTS: (Rs. In Lacs.) 
 
                                                       (Rs. In Lacs.)
 
                                            CURRENT YEAR   PREVIOUS YEAR 
                                            2011-2012      2010-11
 
 Income from Operations                         228.86        443.30
 
 Other Income                                   113.58         71.35
 
 Total Income                                   342.44        514.65
 
 Total Expenses                                 319.11        485.28
 
 Exceptional Items                                0.00         31.60
 
 Profit before Tax                               23.33         60.97
 
 Tax Expense/Provisions                           9.76          1.64
 
 Profit after Tax                                13.57         59.33
 
 Balance Carried to Balance Sheet                13.57         59.33
 
 PERFORMANCE AND REVIEW
 
 During the year under review the company could not do much business
 which has resulted in a Gross Income of Rs 342.44 Lacs during the
 current year as against Gross income of Rs.  514.65 Lacs during
 previous year.
 
 FUTURE PLANS
 
 The Capital Market continues to be volatile during the last financial
 year.
 
 FIXED DEPOSIT
 
 During the period under review, the company has not accepted any fixed
 deposits.
 
 DIRECTORS
 
 Mr. Rakesh Kumar Gupta shall retire in this Annual General Meeting and
 being eligible offers himself for re-appointment.
 
 Mr. Naresh Kumar Singla shall retire in this Annual General Meeting and
 being eligible offers himself for reappointment.
 
 Mrs. Manju Singla, Managing Director is also proposed to be reappointed
 as Managing Director for a period of 5 years from 1 st October, 2012 on
 the remuneration as given in the resolution proposed.
 
 DIRECTORS RESPONSIBILITY STATEMENT
 
 Pursuant to the requirement under Section 217 (2AA) of the Companies
 Act, 1956 with respect to Director''s Responsibility Statement, it is
 hereby confirmed:
 
 (1) that in the preparation ofthe annual accounts for the financial
 year ended 31st March 2012 the applicable accounting standards had been
 followed along with proper explanations relating to material
 departures;
 
 (2) 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 ofthe
 profit or loss ofthe company for the year under review;
 
 (3) that the directors had taken proper and sufficient care for the
 maintenance of adequate accounting records in accordance with the
 provision of the Companies Act, 1956 for safeguarding the assets ofthe
 Company and preventing and detecting fraud and other irregularities;
 
 (4) That the directors had prepared the accounts for the financial year
 ended 31st March.  2012 on a going concern basis.
 
 AUDIT COMMITTEE
 
 I The Audit Committee held its meeting during the previous financial
 year on 30th April 2011.  30th July 2011, 3rd September 2011, 31st
 October, 2011 and 30th January.  2012.
 
 II At the invitation of the Company, representatives from various
 divisions of the company, internal auditors, statutory auditors and
 company secretary who is acting as secretary to the Audit Committee
 also attended the Audit Committee meeting to answer and clarify queries
 raised at the Committee meetings.
 
 III. The role and terms of reference of the Audit Committee covers the
 matters specified for Audit Committees under clause 49 of Listing
 Agreement as well as in Sec. 292A of the Companies Act, 1956.
 
 AUDITORS
 
 M/s Deepika Setia & Co., Chartered Accountants shall retire at the
 ensuring Annual General Meeting & being eligible offer themselves for
 reappointment. They have also furnished a certificate of eligibility
 for re-appointment u/s 224(1) of the Companies Act, 1956. The Board
 recommends their re-appointment as auditors of your company for the
 period from the conclusion of this Annual General Meeting to the
 conclusion of next Annual General Meeting on such remuneration as may
 be decided by the Board.
 
 AUDITORS'' REMARK
 
 The observation made by the Auditors with reference to notes on the
 accounts for the year under report are self explanatory and need no
 further comments from the Directors.
 
 PARTICULARS REFERED U/S 217(1) (e) OF THE COMPANIES ACT, 1956
 
 Not Applicable
 
 PARTICULARS REFERED U/S 217 (2A) OF THE COMPANIES ACT, 1956
 
 Particulars are NIL as there are no employees drawing remuneration of
 more than Rs. 5,00,000/-or more per month and/or Rs.60, 00,000/-or more
 per annum.
 
 FOREIGN EXCHANGE EARNINGS AND OUTGO
 
 There is no foreign exchange earning or outgo during the year under
 review.
 
 INFORMATION AS PER CLAUSE43 OFTHE LISTING AGREEMENT
 
 a) The company securities have not been suspended from trading.
 
 b) The securities of the company are listed at the Bombay Stock
 Exchange Limited and will continue to be listed there. Annual Listing
 Fee has been paid to the Bombay Stock Exchange Limited.
 
 The name and address of stock exchange where shares of company will
 continue to be listed is as under:
 
 Bombay Stock Exchange Limited Phiroze Jeejeebhoy Tower Dalai Street,
 Mumbai
 
 ACKNOWLEDGEMENT
 
 Your Directors would like to express their grateful appreciation for
 the assistance and continued co-operation extended by the Banker.
 Government Agencies, Shareholders, customers and wish to place on
 record their deep sense of commitment shown by the employees at all
 levels and acknowledge their contribution for the success of the
 operation for the company.
 
                     For and on the behalf of the Board of Directors
 
                             Manju Singla         Naresh Kumar Singla
 
                           Managing Director            Director
 
 Place: New Delhi
 
 Date: 31.05.2012