AFFLUENCE

Company maintains an eco friendly environment and continously works hard towards conservation of energy by adhering to strict norms. Company is undertaking various projects towards conservation and recycling of water. Company's triple bottom line approach on economic, environmental and social returns had made the company more environment conscious and it is now committed towards minimizing its carbon foot print and green house effects.Further, as required by the provisions of section 217(1)(e) of the companies ( Disclosure of particulars in the report of Board of directors) Rules ,1988, the relevant data pertaining to conservation of energy, Technology absorption and foreingn exchange earnings and out go are furnished in the annexure forming part of this report.

Pursuant to the requirement under section 217(2AA) of the companies act, 1956, with respect to Directors' Responsibility Statement, it is hereby confirmed: 1) That in the preparation of the accounts for the financial year ended 31st March,2012 the applicable accounting standards have been followed along with proper explanation relating to material departures. 2) That the directors have selected such accounting policies and applied them consistently and made judgements and estimates that were reasonable and prudent so as to give true & 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 the year under review. 3) That the directors have taken proper and sufficient care 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) That the directors have prepared the accounts for the financial year ended 31st march,2012 on a going concern basis.