FINANCIAL RESULTS:

The Financial Results of the company for the year ended 31.03.2006 relating to the previous year are given here under:

                                                (Rs. inLacs)
                              For the year       Previous year
                              Ended 31.03.2009  Ended 31.03.2008

Gross Turnover                   559.14           499.15

Other income                     1.78             4.25

Less:Expenses:                   470.01           408.50

Gross Profit
(Before Dep. Int. & Tax)         90.91            94.90

Less: Depreciation               28.52            28.03

Less: Interest                   22.58            25.43

Net Profit(BeforeTax)            39.81            41.44

Less:ProvisionforTax             7.39             3.13

Net Profit (After Tax)           32.42            38.31

Balance B/F                     (0.68)           (38.99)

Apportionment for 
Provision of Gratuity           (4.16)           (0)

Balance carried to 
Balance Sheet                   27.57          (0.68)

There has been a substantial growth in the turnover of your Company and thus it was able to reduce further . its carried forward losses. An expansion programmed is under consideration and your directors expects a substantial growth in the Companys performance. Your Directors are optimistic about further improvements in the working results in the current year.

DIVIDEND:

There being insufficient profits, your Directors regret their inability to recommend any Dividend for the year.

MANAGEMENT DISCUSSION AND ANALYSIS:

A Report on Management Discussion and Analysis forming part of this Annual Report is annexed hereto and marked as Annexure-A

CORPORATE GOVERNANCE:

A separate Report on Corporate Governance together with certificate of compliance from the Auditors in terms of clause 49 of the Listing Agreement is annexed hereto and marked as Annexure B

DIRECTORS RESPONSIBILITY STATEMENT:

In compliance with the provisions u/s 217 (2AA) of the Companies Act 1956, your Directors hereby confirm:

(i) that in the preparation of the Annual Accounts of the Company, the applicable Accounting Standards have been followed and that no material departures have been made from the same:

(ii) that your Directors have selected such Accounting Policies as detailed in Schedule 12 to the Annual Accounts and applied them consistently and made judgments and estimates that are reasonable and prudent 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 ;

(iii) that to the best of their knowledge and information, they have taken proper and sufficient care for maintenance of adequate Accounting Records in accordance with the provisions of the companies Act 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities to the best of their knowledge and ability ; and

(iv) that the Annual Accounts have been prepared on a going concern basis.

PUBLIC DEPOSITS:

The Company did not receive and/or renew any deposit from the Public during the year nor was there was any balance carried forward.

PARTICUALRS OF EMPLOYEES

The Company has no employee whose remuneration is more than the limit specified in Section 217 (2A) of the Companies Act, 1956. And thereby not attracting the provisions under the Act.

DIRECTORS:

Sri B. R. Kabra and Sri V. K. Sharma Directors of the Company retire by rotation at the forthcoming Annual General meeting and, being eligible, offer themselves for re-appointment.

AUDITORS

M/s. Surana Sunil & Co., Chartered Accountants of the Company hold the office until conclusion of the forth coming Annual General Meeting and being eligible offer themselves for reappointment. The report of the Auditors when read with notes on accounts it self explanation and needs no further clarification.

ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE.

The information required under section 217 (1 )(e) of the Companies Act, read with the Companies (Disclosure of Particulars in the Report of the Board of directors) Rule 1988, with respect to conservation of energy, technology absorption and foreign exchange is annexed hereto as Annexure C and form part of this Report.

PERSONNEL

Your Directors place on records their appreciation of the valuable services and sincere contributions made by the employees at all levels. The Management and Employee relationship continued to be very cordial during year.

DIRECTORS REPORT TO THE SHAREHOLDERS (Contd.) :

ACKNOWLEDGEMENT

Your Directors sincerely appreciate the high degree of professionalism, commitment and dedication displayed by employees at all levels. The Directors also place on record their gratitude to the Members, various departments of the Central and State Government and Bankers for their continued support, co-operation and confidence.

Place: Kolkata               For and on behalf of the Board

                                  M. G. Maheshwari
                                   Chairman