GAUTAM ENGINEERS LTD.

DIRECTORS REPORTS TO THE SHAREHOLDERS :

Your Directors have pleasure in presenting their 33 rd Annual Report and Audited Accounts of
the Company for the year ended 31st March ,2008.

Financial Results

2007- 08 2006- 07
Rs. Rs.

Gross Profits for the Year 46,15,009.00 31,69,142.00

Less : Depreciation 8,28,975.00 23,79,191.00
Profit after Depreciation 37,86,034.00 7,89,951.00
Less: Provision for taxation 10,84,800.00 5,14,000.00
Profit After Taxation 27,01,234.00 2,75,951.00
Add: Profit (Loss) Brought forward 64,44,847.00 61,68,896.00
Balance Carried forward to Balance Sheet 91,46,081.00 64,44,847.00

DIRECTORS

Pursuant to the articles of Association of the Company , one of your Directors Sri. B. P. Sharma
retires by rotation and being eligible offers himself for re-appointment.

DIVIDEND

In order to consolidate the financial position of Company the directors do not recommend any
dividend for the year.
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DEPOSITS

The Company has not accepted any deposit from the public u/s. 58A of Companies Act, 1956.

SECRETRIAL COMLIANCE CERTIFICATE:

In accordance with section 383A of the Company Act,1956 and Companies Compliance
Certificate Rules 2001, the Company has obtain a certificate from a Secretary in whole time
practice confirm that the Company has complied with all the provisions of the Companies Act,
1956.

DIRECTORS RESPONSIBILITY STATEMENT

As Required under Section 217 (2AA) of the Companies Act,1956 , the Directors hereby
confirm that :

I - in the preparation of annual accounts , the applicable accounting standards have been
followed along with proper explanation relating to material departure ;

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 at the end of the financial year and of the profit 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 this act 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 .
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AUDITORS AND THEIR REPORT

M/S . S.B.Dandekar & Co., Chartered Accountants, retires from the office of the Auditors and
being eligible, offer themselves for re-appointment. The Auditors in their report have made
reference to the NOTE in schedule L All the point in the notes are well covered and are self
explanatory need no further explanation.

EMPLOYEES

The Company has no employee of the category as required under Section 217(2A) of the
company Act,1956.

APPRECIATION

The Directors wish to record their appreciation of the devoted service rendered by the staff at
all levels.

SATUTORY INFORMATION

(A) CONSERVATION OF ENERGY:- Several measures for conservation of energy

were undertaking during the year.

(B) TECHNOLOGY ABSORPTION:- Effort is being made for improving quality of

working solution, improving quality of products provided to customers

(C) FOREIGN EXCHANGE EARNING & OUTGO:- Not Applicable

FOR GAUTAM ENGINEERS LTD.

DIRECTOR
8, B.B.D. Bagh ( East )
KOLKATA -700 001
Dated : . 16th July, 2008

GAUTAM ENGINEERS LTD.

NOTICE TO THE SHAREHOLDERS:

NOTICE is hereby given that the 33rd Annual General Meeting of the shareholders of
GAUTAM ENGINEERS LTD..will be held at the Registered office of the Company at 19,
R.N. Mukherjee Road, Kolkata 700001 on 29th August, 2008 at 02:30 P.M.
to transact the following business :

AS AN ORDINARY RESOLUTION:

1. To receive , consider and adopt the audited profit & Loss Account for the year
ended 31st March, 2008 and the Balance sheet as at that date together with the
reports of the Directors and auditors thereon.

2. To appoint a Director in place of Sri B.P. Sharma who retires by rotation at the
ensuing Annual General Meeting and is eligible for re- appointment.

3. To appoint Auditors of the company for the year 2008-09 and to fix their
remuneration .

FOR GAUTAM ENGINEERS LTD.

19, R.N. Mukherjee Road,

KOLKATA -700 001
Dated : . 16th July, 2008 DIRECTOR
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NOTE :

A member entitled to attend and vote at the meeting is entitled to appoint a proxy to
attend and vote instead of himself and such proxy need not be a member of the
Company. Proxies in order to be effective must be received by the company at its
registered office not less then 48 hours before the meeting.