GIRDHARI ESTATES PVT. LTD.

DIRECTORS REPORTS TO THE SHAREHOLDERS :

Your Directors have pleasure in presenting their 18TH 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 6,42,542.00 6,16,153.00

Less : Depreciation 1,743.00 2,406.00
Profit after Depreciation 6,40,799.00 6,13,747.00
Less: Provision for taxation 2,52,100.00 2,06,109.00
Profit After Taxation 3,88,699.00 4,07,638.00
Less: Provision for deferred Tax Nil 256.00
Profit after deferred Tax 3,88,699.00 4,07,382.00
Add: Profit (Loss) Brought forward 2,73,484.00 8,66,102.00
Balance Carried forward to Balance Sheet 16,62,183.00 12,73,484.00

DIVIDEND

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

The Company has not accepted any deposit from the public u/s. 58A of Company 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 J 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 GIRDHARI ESTATES PVT. LTD.

 DIRECTOR
1A, K.P.Sinha Street,
KOLKATA -700 002
Dated : . 16th July, 2008

GIRDHARI ESTATES PVT. LTD.

NOTICE TO THE SHAREHOLDERS:

NOTICE is hereby given that the 18TH Annual General Meeting of the shareholders of
GIRDHARI ETATES PVT. LTD. will be held at the Registered office of the Company at
1A, K.P. Sinha Street, Kolkata 700002 on 29th August, 2008 at 10.30 A.M.
to transact the following business :

AS AN ORDINARY RESOLUTION:

1. To received consider and adopt the Audited Profit and Loss Account for the
year ended 31st March, 2008 and the Balance Sheet as at that date together
with the report of board of directors and Auditors thereon.

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

FOR GIRDHARI ESTATES PVT. LTD.

1A, K.P. Sinha Street,
KOLKATA -700 002
Dated : . 16th July, 2008 DIRECTOR
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NOTE :

A.) 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.