Summarised financial result :GROSS PROFIT :-

2006-07 Tern over Other income Total income Pro-before-dep&tax Less:dep Profit before taxation Extraordinary item Profit after extraordinary item Less: (mat) & fbt Less: deferred tax& liabity Net profit for the year Transferred to debenture reserve Land brought in to books Bal- brought forward privous year 18,850 1,190 20,040 2,374 1,179 1,195 273 922 111 216 -----595 (26) --1,731 --------2,300 ---------

inlacs-2005-06 18,273 309 18,582 2,121 1,046 1,075 ---1,075 103 88 -------------884 (26) 1 872 ----------1,731

--

IN AHMEDABAD UNIT :With the installation and commencement of the steamer in the continous dying range of dyes to produce new range of shades for our fabrics. With the opning of shopping malls in all cities & big town in India the requirement of readymade garments has increased manifold both of local& export . your company has decided to put up a garment unit with washing & finishing facility to cater to the need of the consumers . this division is expected to start opretion early next year . Expansion & modernization :Denim is no more a fabric for fashion garments . our company is now equipped to manufacture high value of garment to the requrment of the new generation . initially a capacity to a produce 5000 pcs . of garment per day is being set up in the existing premises of section 212 of the companys act , 1956 is provided in the annual report . GDR ISSUE :DURING the year , our company has raised fund amounting to rs;78.37 corers through 1,850,000 global depository receipts representing 18,500,000 GDRs & equity shares of face value rs; 12 /- each @ used 9.35 peir GDR. Subsidiary company :A owned subsedary of the company incorporated in ajman free zone , UAE by investing of sum of AED 14,343,890 (equivalent to rs;16.98 crores ) the statement and accounts required pursuant to provision of section 212 of the companies act , 1956 is provide an annual report.

INSURANCE :-

ALL the properties of our company have been adequately insured against fire, flood, earthquake , & explosive risks .

PUBLIC DIPOSIT :THE company did not accept any fixed deposit during the year .

PERTICULAR OF EMPLOYEES :-

The company has no employee drawing a remuneration as prescribed under section 217(2a) of the companys act , 1956 , read with the companies rules , 1975, as amended , during the year under review.