The Directors are pleased to present the 19th Annual Report of your Company together with the Audited Statement of Accounts and the Auditors' Report of the company for the financial year ended, 31st March, 2014

FINANCIAL PERFORMANCE :

The summarized financial results for the year ended 31st March, 2014 are as under:

                                          2013-2014         2012-2013
                                     (Rs. in Lakhs)    (Rs. in Lakhs)

Sales / Other Income                        131.23         2,154.26

Profit (Loss) before depreciation, 
interest & taxation                         (7.82)            35.38

Depreciation                               (31.00)            30.59

Interest                                         -                -

Profit before taxation                     (38.82)             4.78

Provision for Income Tax                         -             0.91

Provision for Deferred Tax (Assets) / 
Liability                                   (2.46)             0.62

Profit (Loss) for the year                 (36.36)             3.25

Add: Brought forward from previous year      95.23            91.99

Profit (Loss) carried to Balance Sheet       58.87            95.23

DIVIDEND

In view of the loss suffered by the Company, your Directors regret their inability to recommend any dividend for the year.

FIXED DEPOSIT %

During the year under review the Company has neither invited nor accepted any fixed deposit from the public.

AUDITORS

Your company's Auditors M/s. Lahoti & Co., Chartered Accountants retire at the ensuring Annual General Meeting and being eligible, offer themselves for re-appointment.

AUDITORS' OBSERVATION

Auditors' observation are duly dealt in the notes on accounts and are self-explanatory

DIRECTORS

Mr. Sunil Kumar Mall retires by rotation and being eligible, offer himself for reappointment at the ensuing Annual General Meeting.

Mrs. Jayanti Rabidas was apointed as additional director w.e.f. 14.07.2014 and her appointment is proposed to be confirmed in the forthcoming Annual General Meetirg. Appointment of Mrs. Das an independent director for tenure of 5 years w.e.f. 01.10.2014 is also proposed for your approval.

Further pursuant to the provisions of Section 149 of the Companies Act, 2013 Mr. Bimal Das is being proposed to be appointed for a term of 5 years w.e.f. 01.10.2014 as an independent director.

Mr. Bablu Ravidas ceased to be a director w.e.f. 02.08.2014. Your directors place on record their appreciation for his contribution to the development of the company.

PARTICULARS OF EMPLOYEES

There is no employee in the Company in terms of Section 217 (2A) of the Companies Act, 1956, and Rul :s framed there under.

CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION. FOREIGN EXCHANGE EARNING AND OUTGO

The information pertaining to conservation of energy, technology absorption, foreign exchange earnings and outgo in accordance with the provisions of Section 217(1) (e) of the Companies Act, 1956 read with the Companies (Disclosure of particulars in the report of Board of Directors)Rules, 1988 is enclosed and forms part of this report.

DIRECTORS' RESPONSIBILITY STATEMENT

The Directors confirm that:

(i) In the preparation of the annual accounts, the applicable accounting standards have been followed and that no material departures have been made from the same.

(ii) They 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 for the Company at the end of the financial year and of the loss of the Company for the year.

(iii) They have taken proper and sufficient care for maintenances of adequate accounting records in accordance o with the provisions of the Company Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

(iv) They have prepared the annual accounts on a going concern basis.

LISTING STATUS

The Cdmpany is listed with the Bombay Stock Exchange and the listing fee to the exchange is paid up-to date.

CORPORATE GOVERNANCE

Report on Corporate Governance in terms of Clause 49 of the Listing Agreement along with the Certificate thereupon is enclosed and forms part of our report.

ACKNOWLEDGEMENT

The Board wishes to place on record its sincere gratitude to the employees of the Company for their continued support and hard work. The Board also wishes to place on record their sincere thanks to the Company' Bankers, financial institutions, shareholders, customers and other business associates for their support. Tin Board is committed to create a bright future for all its stakeholders.

                                       On behalf of the Board 
Place : Kolkata                        KRIPA SINDHU MALLICK
Dated : The 2nd day of August, 2014    Chairman