The Directors have pleasure in presenting the Twenty fifth Annual Report together with Audited Accountsof the Company for the Financial year ended on 31 st March,2014.

1. FINANCIAL RESULTS:

The summarized Financial results are as under:      (Rupees in Lacs) 
                                         Year ended     Year ended
                                         31.03.2014     31.03.2013

Total Income                                7067.00        3209.79 

Profit before Interest
depreciations Tax                             58.84          73.03

Less: Interest                                20.46          34.93

Profit before Depreciations Tax               38.38          38.10

Less: Depreciation                            14.05          14.18

Profit/(Loss)beforeTax                        24.33          23.92

Less: Provision for Tax                        6.76           3.29

Profit/(Loss)afterTax                         17.57          20.63

Add: Surplus brought forward                 183.47         162.84

Surplus carried to Balance Sheet             201.04         183.47

2. OPERATIONS:

There has been marginal increase in the profit during the year. Your company expects better results during the current year.

3. DIVIDEND

In view of Marginal Profit the Board does not recommend any dividend.

4. DIRECTORS

Sri Gopal Das Sarda and Sri Aditya sarda retire at the ensuing Annual General Meeting in accordance with the provisions of Articles of Association of the Company and being eligible offer themselves for re-appointment.

5. AUDITORS

M/s K. M TAPURIAH & Co., Chartered Accountant, Kolkata, the Auditors of the Company hold Office until the conclusion of the forthcoming Annual General Meeting and being eligible offer themselves for re-appointment. The Company has received a letter from them to the effect that their re-appointment, if made, shall be within the limits prescribed U/s 141 of the Companies Act, 2013.

6. PERSONNEL

Your Directors place on record their appreciation for the dedication and contribution made by Employees.Particulars of Employeesas per Section217(2-A)of the Companies Act, 1956 read with the companies (Particulars of Employees) Rules, 1975 is not furnished as there was no Employee in receipt of remuneration exceeding the limits fixed under the said provisions of the Act.

7. AUDITORS REPORT

The note to the Accounts referred to in the Auditor's Report are self explanatory and, therefore, donotcall for any fur the rcomment under Section217(3) of the Companies Act,1956.

8. STATUTORY INFORMATION

The Company has no activities requiring disclosures relating to conservation of Energy etc. The Technology is indigenous based on hand process. During the year under review the earnings in Foreign Currency was Rupees NIL and the Expenditure in Foreign Currency was Rs. 2882.40 Lacs.

9. DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to the Provisions of Sub-section(2AA) of Section 217 of the Companies Act, 1956, your Directors confirm:

i) That in the preparation of the Annual Accounts, the applicable Accounting standards have been followed

ii) That the accounting Policies selected have been applied consistently and judgments and estimates made are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31st March, 2014 and of the Profit of the Company forthat year ended on thatdate;

iii) That proper and sufficient care had been taken for the 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; and

iv) That the annual accounts had been prepared on a going concern basis.

10. SECRETARIAL COMPLAINCE CERTIFICATE

Pursuant to provision of Section 383 A (1) of the Companies Act, 1956, the Company has obtained Secretarial Compliance Certificate from a Company Secretary in wholetime practice. A copy of the Compliance Certificate is annexed herewith with the Directors Report.

11. DEMATERIALIZATION OF SHARES

The Company has tied up with National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) for dematerialization of shares. The ISIN No. allotted to the Company is INE439G01019. Investor can exercise dematerialization of shares through a recognized Depository Participant (DP) who is connected to NSDLor CDSL.

12. ACKNOWLEDGEMENT

Your Directors would like to place on record their sincere appreciation for the support and continued co-operation extended by Government Authorities, the Shareholders, Banks and Customers.

                            For and on behalf of the Board
 
                                     GOPAL DAS SARDA 
                                        Chairman
Place : Kolkata 
Date :29.05.2014