Your Directors have pleasure in presenting the Annual Report along with the audited statement of Accounts for the year ended 31st March 2015 .

FINANCIAL RESULTS

The highlights ofthe financial results for the Current financial yearended 31^st March 2015 are :

Rs in Lakhs

OPERATIONS

During the year the company has made a profit. There is an increase in the turnover as compared to the previous year. The Profit for the current year is Rs 35.36 lakhs as compared to a loss of Rs. 6.14 lakhs in the previous year.

FUTURE PROSPECTS

In lieu of the recessionary trend in the market in general the outlook for the current year is not very attractive. The Company is trying hard to recover the fixed and variable costs and it has also adopted various cost reduction measures.

DIRECTORS' RESPONSIBILITY STATEMENT:

In accordance with the provisions of Section 134(5) of the Companies Act 2013, your directors confirm that:

i. in the preparation of the annual accounts for the year ended March 31,2015, the applicable accounting standards have been followed and there has been no material departures from the same;

ii. 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 as at March 31,2015 and of the profit /loss of the Company for that period;

iii. the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act 2013 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

iv. the Directors had prepared the annual accounts on a going concern basis

v. The Director had devised proper systems to ensure compliance with the provisions of all applicable Laws and that such systems were adequate and operating effectively.

vi. The Directors had laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively.

AUDITORS AND AUDITORS' REPORT:

M/s Ajay B. Garg, Chartered Accountants, Mumbai bearing ICAI Membership No. 032538, Statutory Auditors of your Company retires at the ensuing Annual General Meeting and are eligible for re-appointment. The Company has received a letter from them to the effect that their re-appointment, if made, would be within the limits prescribed under Section 139(2) of the Companies Act, 2013 and that they are not disqualified for such re- appointment within the meaning of Section 141(1) of the Companies Act, 2013.

The Notes on Accounts referred to in the Auditors' Report are self-explanatory.

PARTICULARS OF EMPLOYEES:

The Information required under section 197 read with Rule, 5(1) of the Companies (Appointment of Remuneration of Managerial Personnel) Rules 2014 regarding employees to the Directors Report is not appended as no employees is in receipt of remuneration exceeding the prescribed limits.

PERSONNEL AND WELFARE

Your Directors appreciation for the dedicated efforts put in by all the employees express their sincere and for their continued contribution for ensuring improved performance of your company during the year.

INDUSTRIAL RELATIONS

The Industrial Relations continued to be generally peaceful and cordial at all the departments of the Company.

SUBSIDIARY COMPANIES:

The Company does not have any subsidiary.

INSURANCE

Properties and Assets of the Company are adequately insured

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

In terms of clause 49 of the Listing agreement with the Stock exchange, the Management Discussion and analysis Report is appended to this report.

CORPORATE GOVERNANCE

Your company has always strived to incorporate appropriate standards for good corporate governance. As a listed Company, all required measures are taken to comply with the Agreement with the Stock Exchanges. A separate report on Corporate Governance along with a Certificate from the Auditor form part of this report.

DIVIDEND

In view of conversing the resources and the new commitments in terms of the Order book position, the Directors are unable to Declare any Dividend for the current year.

INTERNAL CONTROL SYSTEMS :

The Company always believes that free hand in functioning, transparency , systems and controls combined together are important factor in the success and growth of any organization.

Audit committee of Directors is responsible for implementing adequate systems and controls for all the activities in the Company. They monitor, strengthen and modify these from time to time to meet the changing requirements of the Company.

FIXED DEPOSITS :

The Company has not accepted and or renewed fixed deposits from the public , during the year ended 31^st March 2015.

ACKNOWLEDGEMENTS :-

Your Directors wish to take this opportunity to express deep sense of gratitude to the Financial institutions and especially M/s HDFC Bank and Union Bank for continued guidance and support.

At this point the Directors would also like to place sincere appreciation for the total commitment, dedication and hard work put in by the , Staff and the Workers of the Company for its success.

PARTICULARS OF TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO AS PER SECTION 134 OF THE COMPANIES ACT. 2013 READ WITH ( DISCLOSURES OF PARTICULARS IN THE REPORT OF DIRECTORS ) RULES . 1988 FOR THE PERIOD ENDED 31^st MARCH 2015.

A. Conservation of Energy :

The company continues to give high priority to conservation of energy on an ongoing basis. Some of the significant measures adopted are :

i. Installation of Capacitors for improvement of power factor.

ii. Replacement of energy efficient Electrical motors

iii. Installation of UV sheets to reduce lighting consumption during the day time.

iv. Improvement in power factor by distribution of load.

B. Technology Absorption :

The Company is continuously monitoring the manufacturing process and trying to achieve maximum production output from the existing Process.

C. Technology Absorption, adoption and innovation :

The technology used for manufacture of various products is fully absorbed and new innovations in process control, cost reduction and quality improvement are made on a continuous basis. The Company has not imported any technology during last 5 years.

D. Foreign Exchange Earnings and Outgo :