The have pleasure in presenting the Annual Report of the Company along
 with the audited statements of Accounts for the year ended 31st March,
 2012.
 
 FINANCIAL PERFORMANCE:
 
 During the year under review Company has earned income from operation
 Rs. 7,98,08,708/- compared to Rs. 7,45,00,000/- for the previous year.
 
 Company has achieved a profit of Rs. 69,70,520/- compare to profit of
 Rs. 97,07,376/- for the previous year.
 
 DIVIDEND
 
 Company wants to reinvest the profits in to business for future growth
 therefore your directors are unable to recommend any dividend for the
 current financial year.
 
 DEPOSITS
 
 The Company has not accepted any Deposits from the public within the
 meaning of Section 58A of the Companies Act, 1956 and Rules made
 thereunder.
 
 DIRECTORS
 
 At the ensuing Annual General Meeting Mr. Kailash G. Gupta will retire
 by rotation and being eligible for offers himself for reappointment.
 
 DIRECTOR''S REPONSIBILITY STATEMENT:
 
 Pursuant to the requirement under section 217(2AA) of the Companies
 Act, 1956 , which requires company to give a Directors Responsibility
 statement , your directors hereby confirm -
 
 That in preparation of annual accounts, the applicable accounting
 standards had been followed along with proper explanation relating to
 material departure.
 
 That Company has selected Mercantile accounting policies and applied
 them consistently and made judgments and estimates that are 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 that period.
 
 That the directors has taken proper and sufficient care for the
 maintenance of adequate accounting records in accordance with the
 provisions of this Act for the safeguarding the assets of the company
 and for preventing and detecting fraud and other Irregulations.
 
 That the Directors had prepared the annual accounts on a going concern
 basis.
 
 AUDITORS:
 
 The Auditors M/s. Niranjan Jain & Co; Chartered Accountants, Ahmedabad,
 retire at the conclusion of the ensuing Annual General Meeting and
 offer themselves for reappointment. You are requested to appoint
 auditors and to fix their remuneration.
 
 COMMENT ON AUDITORS'' REPORT
 
 The notes to the Accounts referred to in the Auditor''s Report are
 self-explanatory and therefore do not call for any further explanation
 under Section 217(3) of the Companies'' Act, 1956.
 
 PARTICULARS OF EMPLOYEES AND OTHERS
 
 The company does not have any employee receiving remuneration of
 Rs.2,00,000/- per month or Rs.24,00,000/- per annum and therefore, no
 particulars are required to be furnished under section 217(2A) of the
 Companies Act, 1956.
 
 INFORMATION ON ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN
 EXCHANGE EARNING
 
 As the company is not engaged in any manufacturing activities,
 Particulars regarding conservation of energy, Technology upgradation
 and Foreign Exchange earnings and outgo, pursuant of Companies
 (Disclosure of particulars in the report of Board of directors) Rules,
 1988 is Nil.
 
 APPRECIATION
 
 The company places on record its deep appreciation for all those who
 have been associated with the company and have continued their support
 towards the growth and stability of the company.
 
 PLACE : AHMEDABAD                     For & on behalf of the
 
 DATE : 07/09/2012                     Board of Directors
 
                              Vijaysing Rathore       Kailash Gupta
 
                              Managing Director     Managing Director