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Directors Report
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March 2014

Details regarding energy conservation

The Company does not carry on any operation, the relevant information is not called for.

Details regarding technology absorption

The Company does not carry on any operation, the relevant information is not called for.

Details regarding foreign exchange earnings and outgo

The Company does not carry on any operation, the relevant information is not called for.

Particulars of employees as per provisions of section 217

In terms of the provisions of Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended, none of the Company's employees was in receipt of remuneration aggregating to Rs. 60,00,000/- or more per annum or Rs. 5,00,000/- or more per month during the period under review.

Disclosures in director’s responsibility statement

Pursuant to requirements under section 217(2aa) of the Companies Act, 1956 ("the Act") with respect to directors' responsibility statement, it is hereby confirmed that:- 1. In preparation of annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departure. 2. 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 31st Dec 2012 and of the loss of the Company for the period ended on that date. 3. The Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities. 4 The Directors have prepared the annual accounts on a 'going-concern' basis.