Yours  Directors  are pleased to present their Sixth Annual Report  on  the 
 business  and the Company and the Audited Accounts for the year ended  31st 
 March 2000 
 
 OPERATION AND DIVIDENDS 
 
 The Company continued during the year under report, its sincere efforts  to 
 make  its products marketable and developmental work continued in it  unit. 
 However  in October, 1999 the Company's unit viz. Messers Vidhata  Katha  & 
 Allied Industries had barn taken over by Haryana Financial Corporation  for 
 recovery of its dues towards the unit and till the date of issuance of this 
 notice the unit was in possession of the said Corporation. The Company  has 
 obtained  stay order against auction of the said Unit by Haryana  Financial 
 Corporation  and  the  matter is sub-judice. The Company  at  the  time  of 
 takeover  of  its unit was still to start commercial activity. As  such  no 
 dividend been recommended for the year.  
 
 DIRECTORS: 
 
 In accordance with the provision of the Company Act, 1956 and the  Articles 
 of  Association  of  Company, Mr.Vinod Bansal retires by  rotation  at  the 
 forthcoming  Annual General Meeting and being eligible offers  himself  for 
 re-appointment.
 
 INDUSTRIAL RELATIONS: 
 
 The  Company continued to have cordial industrial relation. The  management 
 is  thankful to the employees for their continued contribution towards  the 
 growth of the company.  
 
 AUDIT REPORT: 
 
 The Auditors' Report on the accounts is self- explanatory and does not need 
 any further explanations.  
 
 AUDITORS: 
 
 M/s. V.M.Dhingra & Co. Chartered Accountants New Delhi, the Auditors of the 
 Company, retires at the ensuing Annual General Meeting and are eligible for 
 reappointment.  The  Company has received letters from them to  the  effect 
 that their appointment, if made, would be within the period the  prescribed 
 limits specified under section 224 (1B) of the Company Act, 1956.  
 
 ENERGY, TECHNOLOGY OF FOREIGN EXCHANGE: 
 
 In  accordance  with the provision of Section 217(1)(e) of the Company  Act 
 1956, read with Companies (Disclosure of particulars in report of Board  of 
 Directors)  Rules,  1988  information  regarding  conservation  of  Energy, 
 Technology  absorption and foreign exchange earning and outgo is  given  in 
 the Annexure forming part of this report
 
 PUBLIC DEPOSITS
 
 The  Company has not accepted Fixed Deposits and as such the  provision  of 
 Section  58A  of  the  Companies Act read  with  Companies  (Acceptance  of 
 Deposits)  Rules,  1975  are  not attached. As such  there  are  no  unpaid 
 deposits as at 31st March 2000. 
 
 PARTICULARS OF EMPLOYEES: 
 
 No  Employee  of  the Company is covered under  the  provision  at  section 
 217(2A)  of the Companies Act, 1956, read with (Particulars  of  Employees) 
 Rules, 1975 as amended.
 
 ACKNOWLEDGEMENT: 
 
 Your  directors express their grateful appreciation to Shareholders,  Govt. 
 authorities  and  the Banks and also place on records their deep  sense  of 
 appreciation for the devoted services, executives, staff and workers of the 
 Company.  
                                                                             By order of the Board of
Directors 
 	                                                
                                                                                                  (DIRECTOR)

 Place: New Delhi 
 Date: 01.08.2000 
 
 ANNEXURE 
 
 A. Conservation of Energy: 
 
 (a) Conservation measures: The Plan and Equipment put up ensures economical 
 use of energy.  
 
 (b)   Additional  investment  proposal:  This  will  also  form   part   of 
 modernization proposals of the plant.
 
 (c)  Impact  of  measure  (a)  and  (b):  To  ensure  economics  in   power 
 consumption.  
 
 (d) Total energy consumption and energy consumption per unit of  production 
 is given in form B of the Annexure. 
 
 FORM A 
 
 TECHNOLOGY ABSORPTION, ADAPTION AND INNOVATION  
 
 1. Efforts, in  brief, made towards Technology                                      Nil   
 absorption, Adaptation and innovation 
 
 2. Benefits,  derived  as a result of the  above  efforts  e.g	
 Product improvement, cost reduction, product  development  	
 Import substitution etc.                                                                                   
Nil
 
 3.  In  case  of  imported technology (imported during  the  last  5  years
 Reckoned  from the beginning of the financial year), following  information 
 maybe furnished: 
 
 (a) Technology imported	                                        Nil 
 (b) years of import	                                                             Nil 
 (c) Has technology been fully absorbed?	                   Nil  
 (d) If not fully absorbed, areas where this has not          Nil  
     Taken place, Resign therefore and future plans of action