The Directors have pleasure in presenting their Annual Report together with the Audited Accounts of the Company for the year ended 31st March, 2014.

FINANCIAL RESULT:

                                          2013-2014          2012-2013
                                   (Rupees in Lacs)   (Rupees in Lacs)

Total Income                                 125.33             128.60

Profit/Loss Before Depreciation and Tax        5.84            (20.49)

Less: Depreciation                            10.51               6.54

Profit/(Loss) Before Taxes                   (4.67)            (27.03)

Less : Provision for Tax                        Nil                Nil

Profit/(Loss) After Taxes                    (4.67)            (27.03)

Profit/(Loss) Brought Forward
from Previous Year                        (4842.07)          (4815.03)

Net profit/(Loss) carried to
Balance Sheet                             (4846.74)          (4842.07)

REVIEW OF OPERATIONS:

During the year under review, the Company has incurred a loss of Rs. 4,67,098/- against last year Loss of Rs. 27,03,522/-.

DIVIDEND:

In view of the loss your Directors are unable to recommend any dividend for the year under review.

DEPOSITS:

The Company has not accepted any deposit from Public.

DIRECTORATE:

Mr. Dinesh Poddar (00158597) and Mr. Sachinkumar Adalja (02096678) are liable to retire by rotation at the ensuing Annual General Meeting and being eligible offer themselves for re- appointment.

ALTERATION IN ARTICLES OF ASSOCIATION OF THE COMPANY:

The special resolution for altering the Articles of Association of the Company substituting the new Articles of Association in place of the existing Articles of Association based on Table 'F' of the Companies Act, 2013, which sets out the model Articles of Association for a Company limited by shares, is proposed for the approval of the members at the ensuing Annual General Meeting.

DISCLOSURES OF PARTICULARS WITH RESPECT TO CONSERVATION ENERGY. TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGES EARNINGS AND OUTGO:

Particulars regarding conservation of energy, technology absorption as required pursuant to Section 217 (1) (e) of the Companies Act, 1956, as amended are not given since the said section is not applicable to the Company.

Foreign exchange earnings. Rs. Nil

Foreign exchange outgo. Rs. Nil

PARTICULARS OF EMPLOYEES:

The company did not employ anybody drawing remuneration of Rs. 60,00,000/- or more per annum or Rs. 5,00,000/- or more per month and hence the question of providing information under section 217(2A) of the companies Act, 1956 does not arise.

DIRECTORS' RESPONSIBILITY STATEMENT:

Pursuant to the provision of Sub-Section (2AA) of Section 217 of the companies Act, 1956 your directors confirm:

1. That in the preparation of the Annual Accounts for year ended on 31st March, 2014, the applicable accounting standards had been followed with no departures there from;

2. That the Directors had 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 of the Company at the end of the financial year ended on 31st March, 2014 and of the loss of the Company for that period;

3. That the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

4. That the Directors had prepared the annual accounts for the year ended on 31st March, 2014 on a going concern basis.

AUDITORS' REPORT:

The observations made in the Auditors report, read together with the relevant notes thereon are self- explanatory and hence, do not call for any comments under section 217 of the Companies Act,1956.

AUDITORS:

M/s. N. B. Purohit & Co, Chartered Accountants the present Auditors of the Company have furnished a certificate regarding their eligibility for re- appointment. You are requested to appoint auditors of the company and fix their remuneration.

ACKNOWLEDGEMENT:

Your directors would like to express their sincere appreciation of the co-operation and assistance received from the Shareholders, Banks, regulatory bodies and other business constituents during the year under review.

Your directors also wish to place on record their deep sense of appreciation for the commitment displayed by all employees.

                                        For and on behalf of the Board

                  MR. MEHUL JADAVJI SHAH     MR. DINESHKUMAR K. PODDAR
                          DIN - 00933528               DINS - 00158597