The Directors have pleasure in presenting the 30th Annual Report together with the audited accounts of the Company for the financial year ended on 31st March, 2014.

FINANCIAL PERFORMANCE:
                                                      (Rs. in Lacs)
PARTICULARS                               2013-2014       2012-2013

Gross income                                   2.11            1.83

Net profit before tax                          0.55          (1.37)

Provision for tax                              0.06             NIL

Net profit after tax                           0,49          (0.37)

Your Board of Directors has not recommended any dividend for the year.

DEPOSITS

Your Company has not accepted or renewed any fixed deposits from the public during the financial year ended 31st March, 2014. There were no unclaimed or unpaid deposits as on 31st March, 2014.

DIRECTORS:

Mr. Kalachand Mukherjee (DIN - 03413917), retires by rotation at the ensuing annual general meeting and being eligible, offers himself for re-appointment.

Mr. Abhik Kumar Dutt (DIN - 00590507) , retires by rotation at the ensuing annual general meeting and being eligible, offers himself for re-appointment.

AUDITORS AND AUDIT REPORT

M/s. J. B. DUDHELA & CO., Chartered Accountants, auditors of the company retires at the conclusion of ensuing Annual General Meeting and being eligible offer themselves for re-appointment, given their written consent and certificate in terms of Section 139 (1) of the Companies Act, 2013 and Rule 4 of Companies (Audit and Auditors) Rule, 2014.

The observations of the Auditors read with Notes on Accounts are self-explanatory and do not warrant any further clarifications or comment.

AUDIT COMMITTEE

The Audit Committee of the Company comprises of three non-executive Directors namely Mr. Subir Kumar Dutta, Mr. Parthasarathi Bhattacharya and Mr. Kalachand Mukherjee.

DIRECTORS' RESPONSIBILITY STATEMENT UNDER SECTION 217(2AA) OF THE COMPANIES ACT, 1956:

Pursuant to the provisions contained in sub-section (2AA) of Section 217 of the Companies Act, 1956, your directors state -

a) that in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanations relating to material departures;

b) 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 and of the profit or loss of the Company for that period;

c) that the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the said Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; and

d) that the directors had prepared the annual accounts, on a going concern basis.

PARTICULARS OF CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION FOREIGN EXCHANGE EARNINGS AND OUTGO:

The Company did not have any activity related to conservation of energy, technology absorption. There was neither Foreign Exchange Earning nor Foreign Exchange outgo during the year under review.

PARTICULARS OF EMPLOYEES UNDER SECTION 217(2A) OF THE COMPANIES ACT. 1956:

There was no employee drawing the remuneration of or over the limit as prescribed under the Section 217(2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees) Rules, 1975, as amended to date. Hence, the statement of particulars of employees as prescribed under that section is not annexed herewith.

                            For and on Behalf of the Board of Directors

                                                CHAIRMAN