The Members,

To The Directors are pleased to presenting the Twenty First Annual Report and Audited Accounts for the year ended March 31, 2016.

FINANCIAL RESULTS

STATE OF COMPANY'S AFFAIRS AND FUTURE OUTLOOK:

BUSINESS OPERATIONS

During the year under review total revenue was 12536.00 Lacs as compared to Rs. 16787.00 Lacs in the previous year thereby a decrease of 25.30% and operating profit at Rs. 180.93 Lacs as compared to Rs. 230.66 Lacs in the previous year the register a decrease 21%,

Your Directors would like to state that during the year under review an expansion plan was implemented which has partially affected the operations of the company in view of additional construction and erection and commissioning of wire and cable machinery at its Nashik Factory.

During the year as per the requirements of schedule II of Companies Act 2013 the provision of Depreciation has been provided and it has resulted in Net loss due to the amount of additional depreciation provided as per the requirement of Scheduled 11 of Companies Act, 2013 which is mandatory to provide for last 15 years or as per the age of the Fixed Assets from the date of purchase, an increased depreciation as per the MCA notification dated 26/03/2014 has resulted in additional provision of depreciation of Rs.205.88 lacs. Hence it has resulted in the Net loss of Rs.178.27 lacs.

If we consider the performance under review without this exceptional item the company has made a Net profit of Rs.27.61 lacs which is good looking at the first year of commencement of operations of manufacturing activities in some new segments as a new entrant company has offered its product at a lower margin because of the paucity of working capital.

Your Directors wish to inform that the focus is now shifted to manufacturing business and the initials of Government Of India to provide the electronics manufacturing. Your directors have decided bond. Committed all the resources of the company for manufacturing services.

Due to rising NPAS the Banks were reluctant to finance the BPO and software business. The company has exited from the software business and the manufacturing and trading of electronic was the only focus area of the company.

Due to delay in sanction of loan and melt down of economy in China some of the proposed activates have to be curtailed and postponed. The company could not get the proper co-operation from its Foreign partners.

Your Directors are pleased to inform that an in principle sanction of the loan is availed and the full fledged activates will be started in the month of October.

ACHIEVEMENT

You are aware that our Company's operations are widely spread across various domains .In order to achieve greater efficiency and speedy action with regard to services. The company was in the process of finding right partners to support it in the mainland china and Hong Kong Now We have found technical and financial partners M/s Sunfair Electric Wires and Cables HK ltd. and SW VENTURES to support the company in its growth plan this will help the Company to create better goodwill in the market.

DIVIDEND

In view of the economic condition coupled with inflation and requirement of the funds for the projects, your Directors regret their inability to declare the Dividend for the year.

CHANGE IN NATURE OF BUSINESS, IF ANY:

There has been no change in the nature of business of the Company during the year under review.

AMOUNTS TRANSFERRED TO RESERVES;

The Financial Highlights contains the amounts proposed to be transferred to reserves

NUMBER OF BOARD MEETINGS AND AUDIT COMMITTEE MEETING:

During the Financial Year 2015-16, 5 (Five) meetings of the Board of Directors and , 5 (Five) Meeting of the Audit Committee were held, The details of which are given in Corporate Governance Report. The Intervening gap between the Meeting was within the period prescribe under Companies Act, 2013

PARTICULARS OF LOAN, GUARANTEES AND INVESTMENTS UNDER SECTION 186:

The Company has not made any investment, given any guarantee or provided any security during the year under review.

PARTICULARS OF CONTRACTS OR ARRANGEM ENTS WITH RELATED PARTIES:

The particulars of contracts or arrangements with related parties referred to in Section 188(1) of the Companies Act 2013 for the Financial Year 2014-15 in the prescribed format, AOC 2 has been enclosed with the report.

ISSUE OF EQUITY SHARES WITH DIFFERENTIAL VOTING RIGHTS, SWEAT EQUITY, ESOS ETC:

The Company has not issued any Equity Shares with differential voting rights, sweat equity shares or ESOS.

MATERIAL CHANGES AFFECTING THE FINANCIAL POSITION OF THE COMPANY

There have been no material charges/ events occurring after balance Sheet date till the date of the report to be stated.

DETAILS OF INTERNAL FINCNANCIAL CONTROLS RELATEDTO FINANCIAL STATEMENTS:

Your Company has put in place adequate internal financial controls with reference to the financial statements.

CONSERVATION OF ENERGY, TECHNOLOGY, ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO:

As required under section 134 (3) M of the Companies Act 2013read together with the Rule 8 of the Companies (Accounts ) Rules 2014 the relevant information is given below.

A. Conservation of Energy: The operations of the Company are not energy intensive. However, energy conservation measures are being taken for regular preventive maintenance of all equipments. This enhances productivity and efficiency of the equipment resulting in power saving.

B. Technology Absorption: As the Company has not acquired any technology, the question of absorption of technology does not apply to the Company.

C. Foreign Exchange Earning and Outgo: Total foreign exchange earnings and outgo during the year:

FOB Value of Exports ; Rs. Nil

CIF Value of Imports : Rs.

Nil Expenditure in foreign currency : Rs. Nil

DETAILS OF SUBSIDERY, JOINT VENTURE OR ASSOCIATES

There is no subsidiary, Joint Venture or Associate Company.

RISK MANAGEMENT POLICY

Your Company recognizes that risk is an integral part of business and is committed to managing the risks in a proactive and efficient manner. Your Company periodically assesses risks in the internal and external environment, along with the cost of treating risks and incorporates risk treatment plans in its strategy, business and operational plans.

Your Company, through its risk management process, strives to contain impact and likelihood of the risks within the risk appetite as agreed from time to time with the Board of Directors.

DETAILS OF ESTABLISHMENT OF VIGIL MECHANISM FOR DIRECTORS AND EMPLOYEES

The Company has a vigil mechanism for Directors, employees any other individual or organization to report to the management instances of unethical behaviour, actual or suspected fraud or violation of the Law or any other concerns/grievances. The mechanism provides for adequate safeguards against victimization of Directors) and Employee(s) who avail of the mechanism, in exceptional cases, Directors and Employees have direct access to the Chairman of the Audit Committee.

DETAILS OF SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNAL

There are no significant/material orders passed by the Regulators or Courts or Tribunals impacting the going concern status of your Company and its operations in future,

DEPOSITS:

During the financial year 2015-16, your Company has not accepted any deposit within the meaning of Sections 73 and74ofthe Companies Act, 2013 read together with the Companies {Acceptance of Deposits) Rules, 2014.

DETAILS OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

During the financial year2015-16, the Board of Directors appointed Mrs. Charmi Anil Vedmehta as an Director with effect from l4*February20l5 and she is further proposed to be appointed as Independent Director of your Company at the this AGM.

Mr. Mukund Chandrakarrt Pinplikar & Mr. SuhasJadhav, Director is retiring by rotation.

AUDITORS

M/s. Mahesh Kumar Jain & Co. (having firm Registration No. -047473), Chartered Accountants, have given their consent to become statutory auditors of the Company and has been appointed in last Annual General Meeting for the period of 5 years, subject to the ratification of the Shareholder In every Annual! General Meeting till the conclusion annual general meeting of the Company to be held in the year 2019.

APPRECIATION

The Directors wish to express their appreciation of the continued co-operation of the Bankers, Customers,

Dealers and Suppliers and also the valuable assistance and advice received from major shareholders, the employees for their contribution, support and continued co-operation through the year.

ACKNOWLEDGMENT;

The Directors express their sincere appreciation to the valued shareholders, bankers and clients for their support.

Registered Office: For and Behalf of the Board

46, Empire Tower, Anil B. Vedmehta

Near Associated Petrol Pump, Chairman & Managing Director

C G. Road, Ahmedabad, Gujarat DIN: 00283486

Date: 06^th SEPTEMBER,2016