FINANCIAL HIGHLIGHTS:

Particulars                For the years ended     For the year ended
			         March 31,2010         March 31, 2009

Total Income                          3,37,781/-             4,28,010/-

Profit before Depreciation              53,617/-               75,701/-

Profit Before Taxation                  53,617/-               75,701/-

Less: Provision for Income Tax          16,570/-               23,391/-

Provision for FBT                            0                  1,180/-

Profit After Tax                        37,047/-               51,130/-

DIVIDEND

Directors have not recommended any dividend.

YEAR UNDER RETROSPECT :

The Company earned an income of Rs.2,60,000/- by way of commission out of I.T. activities. Due to poor sentiments the demand remained sluggish through out the year. The total income including interest was Rs.3,37,781/- as against Rs.4,28,010/- in the previous year. Due to lower income, the pre-tax profit was also lower at Rs.53,617/- as against Rs.75,701/- a year ago.

FUTURE PROSPECT :

Efforts are being made to increase the income and enter into other lucrative area of business.

DIRECTORS' RESPONSIBILITY STATEMENT:

To the best of their knowledge and belief and according to information and explanations provided to them, your Directors make the following statement, pursuant to Section 217 (2AA) of the Companies Act, 1956 that:

1. In the preparation of annual accounts, the applicable accounting standards have been followed and that no material departure has been made from the same.

2. Appropriate accounting policies have been selected and applied them consistently and 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 financial year March 31, 2010 and of the profit and of the Company for the year ended on that date;

3. Proper and sufficient care has 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;

4. The annual accounts have been prepared on a 'going concern' basis.

DIRECTORS:

To Company with the requirement of the Companies Act, 1956 Mr. Anand Raj Jain, Director, shall retire by rotation and being eligible, offers himself for reappointment.

CONSERVATION OF ENERGY, ETC :

Considering the activities of the Company the provisions of Section 217(l)(e) of the Companies Act, 1956 is not application. The Company has not earned nor spent any foreign exchange during the year.

EMPLOYEES:

None of the employees was in receipt of a remuneration exceeding Rs.2,00,000/- per month or Rs.24,00,000/- per annum. Hence, information as required in pursuance of Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975, is not furnished.

COMPLIANCE CERTIFICATE :

The Company has received a Compliance Certificate under the Provisions of Section 383 A of the Companies Act, 1956, and the same is attached.

AUDITORS' REPORT :

Notes to the account gives full explanation to the remarks made by auditors in their report.

AUDITORS :

Singhal Sanklecha & Company, Statutory Auditors of the Company, will retire at the forthcoming Annual General Meeting. They are eligible for reappointment.

Members are requested to appoint Auditors for the current financial year and fix their remuneration.

ACKNOWLEDGMENT:

Your Directors wish to thank it's clients and shareholders for the unstinted support.

    			       On behalf of the Board of Directors

CHAIRMAN Place : Mumbai.

Date : 30th August, 2010