The Directors have pleasure in presenting the Eighteenth Annual Report
 of your Company together with the Audited Annual Accounts for the year
 ended 31 st March, 2012.
 
 
 
 1.  FINANCIAL RESULTS
 
                                                     (Rupees in Lacs.)
 
                                                Financial   Financial
    Partlculars                                  Year for    Year for
                                                2011-2012   2010-2011
 
 
    Income                                        2401.43     2758.19
 
 
    Depreciation                                    33.45       46.87
 
 
    Profit/Loss before Tax                          67.85       75.40
 
 
    Profit/Loss after Tax                           45.43       50.79
 
 
 
 BUSINESS REVIEW & FUTURE OUTLOOK :
 
 During the year under review Company has recorded net profit of Rs.
 45.43 Lakhs, as compared to Rs. 50.79 Lakhs during the previous year.
 In spite of slowdown in the industry, your director''s sensible decision
 in carrying out the viable projects resulted in profitability growth.
 
 Rapid economic growth has created a growing need for dependable and
 reliable supplies of electricity. Due to the fast-paced growth of
 India''s economy, the country''s energy demand has grown over the past 30
 years. The country''s annual energy production still increasing more and
 more to fulfill the required necessity. There are many offers from the
 side of the Indian government too to interest to set a modest target on
 opening up Ultra Mega Power Projects (UMPP) for private investments and
 encouraging to tie-up with Public Private Partnership to increase the
 production level of power. In these regard your Directors are making
 their best efforts to move parallel with the conditions.
 
 ADDITIONAL INFORMATION AS REQUIRED U/S 217(1)(e) OF THE COMPANIES ACT,
 1956
 
 (a) Conservation of Energy: The Company is monitoring the consumption
 of energy and is identifying measures for conservation of energy
 
 
 (b)   (i) Technology Absorption, adaptation and innovation:-   
 No technology either
 
 indigenous or Foreign is involved
 
 (ii) Research and Development (R & D): No research and Development has
 been carried out
 
 (c) i) Foreign exchange earnings : NIL ii) Foreign exchange out go NIL
 
 PARTICULARS OF EMPLOYES :
 
 In pursuance of the provisions of section 217(2A) of the Companies Act,
 1956 read with the Companies (Particulars of Employees) Amendment Rules
 2011, the Directors are to report that no employee was in receipt of
 remuneration of Rs.60,00,000/- or more per annum or Rs.5,00,000/- or
 more per month where employed for a part of the year.
 
 DIRECTORS :
 
 1.  Shri K. Srinivasa Rao retires by rotation and being eligible offers
 himself for Re-Appointment.
 
 2.  Sri Manoj Shivprasad Chokda Resigned from the Board with effect
 from 10th August, 2012
 
 AUDITORS :
 
 M/s P. Murali & Co Chartered Accountants, Statutory Auditors of the
 company hold office until the conclusion of the ensuing Annual General
 Meeting and are eligible for re-appointment. The company has received
 letters from the Auditors to the effect that their appointment, if
 made, would be with in the prescribed limits under section 224 (1B) of
 the Companies Act, 1956 and that they are not disqualified for such re
 appointment with in the meaning of section 226 of the said act.
 
 The board of Directors of the Company has recommended their appointment
 for the year 2012-2013. The observations made by the Auditors in their
 report read with the Notes on Accounts are self are self explanatory
 and do not require any comments from Directors.
 
 FIXED DEPOSITS :
 
 The Company has not accepted any Fixed Deposits, falling with in the
 purview of Section 58A of the Companies Act, 1956.
 
 DIRECTORS RESPONSIBILITY STATEMENT:
 
 Pursuant to the requirement under Section 217 (2AA) of the Companies
 Act, 1956 with respect to the Directors'' Responsibility Statement, it
 is hereby confirmed that:
 
 i) in the preparation of the Annual Accounts, the applicable accounting
 standards have been followed along with proper explanation relating to
 material departures;
 
 ii) we have selected such 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/or of the Profit or
 Loss of the company for that period;
 
 iii) we have taken proper and sufficient care for the maintenance of
 adequate accounting records in accordance with the provisions of the
 Act, for safeguarding the assets of the Company and for preventing and
 detecting fraud and other irregularities;
 
 iv) we have prepared the annual accounts on a going concern basis.
 
 STATEMENT PURSUANT TO THE LISTING AGREEMENT :
 
 Presently the company''s Equity Shares are listed at the Bombay Stock
 Exchange of India limited, Mumbai (BSE) and the company paid the Annual
 Listing Fee up-to 2012-2013
 
 CORPORATE GOVERNANCE:
 
 In order to bring more transparency in the conduct of business, the
 Stock Exchanges have amended the listing agreement incorporating the
 code of corporate governance to listed companies. Your Company has
 always been committed to the best practices in the governance of its
 affairs. Your company had taken steps and complied with most of the
 recommendations during the year. For the year under review, the
 Compliance Report is provided in the Corporate Governance section in
 this Report. The Auditors'' Certificate on compliance with the mandatory
 requirements of Corporate Governance is given in Annexure A to this
 Report.
 
 PERSONNEL
 
 The Relation between the management and the staff were very cordial
 throughout the year under view your Directors take this opportunity to
 record their appreciation for the co-operation and loyal services
 rendered by the employees.
 
 ACKNOWLEDGEMENTS
 
 Your Directors take this opportunity to express their grateful
 appreciation for the cooperation and assistance by Central and State
 Governments, and business associates as well as shareholders. Your
 Directors also place on record their appreciation for the devoted
 services rendered by all employees.
 
 
                        For and on behalf of the Board Of Directors 
                          M/s. VENUS POWER VENTURES (INDIA) LIMITED
 
 
 
 
 
                          (M.SRINIVAS RAO)            (V.SRIKRISHNA)
 
                          MANAGING DIRECTOR              DIRECTOR
 
 
 
 PLACE: HYDERABAD.  
 
 DATE : 05-09-2012