To The Members of York Exports Ltd;
 
 The Directors have pleasure in presenting their 30th Annual Report of
 the company together with the Audited Financial Statements for the year
 ended 31.03.2012.
 
 FINANCIAL RESULTS                             (Rs. In Lacs.)
 
                                    Current Year       Previous Year
 
 Turnover (including export 
 incentives)                             1121.95             1135.06
 
 Other Income                              46.32               20.31
 
 Profit before Dep. & Tax                  71.24              104.91
 
 Less: Provision for depreciation          66.09               74.58
 
 Profit                                     5.15               30.33
 
 Provision for Taxation                     1.01                6.00
 
 Profit after Tax                           4.14               24.33
 
 Add: Balance B/F from previous 
 year                                     314.55              290.49
 
 Add: Provision of Taxation for 
 earlier Year                               0.85               -0.27
 
 Balance carried to Balance Sheet         319.54              314.55
 
 PERFORMANCE REVIEW
 
 During the year under review, the company has achieved a sales turnover
 of Rs. 1121.95 Lacs as compared to Rs.1135.06 Lacs for the previous
 year. The company has earned a profit of Rs.4.14 Lacs as compared to
 profit of Rs.24.33 Lacs for the previous year. Your directors expect
 better results in future.
 
 DIVIDEND
 
 Your directors have decided to conserve the resources for future
 requirements and hence do not recommend any dividend for the year under
 review.
 
 ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE
 
 Information in accordance with the provision of sec 217 (I) (e) of the
 Companies Act, 1956 read together with the Companies (Disclosures of
 Particulars in the Report of Board of Directors) Rules, 1988 regarding
 conservation of energy, technology and foreign exchange is given in the
 statement annexed hereto and forms part of this report.
 
 PUBLIC DEPOSITS
 
 During the period under review your company has not accepted any
 deposits from public pursuant to the provisions of section 58-A of the
 companies Act, 1956.
 
 DIRECTORS RESPONSIBILITY STATEMENT
 
 In accordance with the provisions of section 217 (2AA) of the Companies
 Act, 1956 the Directors confirm that:
 
 i) In the preparation of the annual Financial Statements, the
 applicable accounting standards have been followed along with proper
 explanation relating to the material departures.
 
 ii) Such accounting policies, judgments and estimates are applied
 consistently 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 of company for that period.
 
 ui) Proper and sufficient care has been taken for the maintenance of
 adequate accounting records in accordance with the provisions crt Yne
 Companies Act, 1956 for safeguarding the assets of the Company and
 for preventing and detecting fraud and other irregularities.
 
 iv) The annual accounts have been prepared on a going concern basis.
 
 CORPORATE GOVERNANCE
 
 Matters giving strength to corporate governance are being reviewed /
 finalized by the company in consultation with Auditors & Corporate
 Experts.
 
 SECRETARIAL COMPLIANCE CERTIFICATE
 
 In accordance with the provisions of section 383A (1), of the Companies
 Act, 1956 a compliance certificate from a practicing Company Secretary
 is given in the annexure and form part of this report.
 
 AUDITORS
 
 M/s Nanda & Bhatia, Chartered Accountants, the statutory auditors of
 the company retire at the conclusion of forthcoming Annual General
 Meeting and are eligible for re-appointment. The company has received a
 certificate u/s 224 (1-B) of the Companies Act, 1956 from the retiring
 Auditors of the company that their re-appointment if made, shall be
 within prescribed limits.
 
 AUDITORS REPORT
 
 The comments of the auditors have been explained in the notes on
 accounts. The company has ascertained the accrued liability on account
 of gratuity payable and shall be provided in the current financial year
 ending 31.03.13.
 
 INDUSTRIAL RELATIONS
 
 Industrial relations continued to remain cordial throughout the year
 and the Directors express their appreciation towards the workmen for
 their co-operation and hope for continued cordial relations in the
 years to come.
 
 LISTING OF SHARES
 
 The equity shares of the company are listed on 1. Ludhiana Stock
 Exchange Limited, Ludhiana 2. Delhi Stock Exchange Limited, New Delhi.
 3. Bombay Stock Exchange Ltd; Mumbai 4. Jaipur Stock Exchange Limited,
 Jaipur.
 
 The company has made compliance of the listing agreement including
 payment of annual listing fee.  
 
 DIRECTORATE
 
 In accordance with the provisions of the Companies Act, 1956 and the
 Articles of Association of the Company, Sh.Ashwani Dhawan and Sh.Anil
 Kumar Bansal, retire by rotation and being eligible offer themselves
 for re-appointment.
 
 PARTICULARS OF EMPLOYEES
 
 None of the employees of the company was in receipt of a remuneration
 of Rs.24,00,000/- or above during the year under consideration nor was
 any employee of the company paid a salary of Rs. 2,00,000/- or more per
 month during any part of the year. None of the employees of the company
 was drawing remuneration in excess of that drawn by any director and
 holds by himself or along with his spouse and dependent children more
 that two percent of the equity shares of the company.
 
 ACKNOWLEDGEMENTS
 
 The board expresses its appreciation for the valuable assistance,
 co-operation and support received from Company''s Bankers, Central and
 State Government Authorities and Shareholders.
 
 
 
                                    By Order of the Board 
                                     For York Exports Ltd
 
 Place: New Delhi             Ashwani Dhawan       Gian Chand Dhawan
 Dated: 25.07.2012               Director          Managing Director