FINANCIAL RESULTS                                   ( Rs. In lacs)

FINANCIALS                  ACCOUNTING YEAR       ACCOUNTING YEAR
                            ENDING 31.03.2011     ENDING 31.03.2010

1. Profit before 
   Depreciation &                   60.25              49.98
   Tax

2. Depreciation                     45.33              44.26

3. Provision for Taxation            1.31               0.64

4. Net Profit (Loss)                 6.79               3.20

5. Paid up Equity Share Capital    537.00             537.00

During the year, Company achieved Turnover of Rs.253.54 lacs as against Rs.230.48 lacs during the previous year. The profit & loss shows the Net Profit of Rs. 6.79 lac for the year as against Net profit of Rs. 3.20 lac for the previous year.

Due to inadequacy of profits, the Company is not in a position to declare any dividend for the year ended on 31st March, 2011.

DIRECTORS

In accordance with the provisions of Article of Association of the Company and of the Companies Act, 1956, Mrs. Puneet Arora , director will retire by rotation at the ensuing Annual General Meeting and being eligible offers himself for reappointment.

FIXED DEPOSITS

The Company has not accepted any deposits as per section 58 A of the Companies Act, 1956.

AUDITORS

M/S Vasudeva & Associates, Chartered Accountants, the Statutory Auditors of the company, will retire as Auditors at the ensuing Annual General Meeting and being eligible, offer themselves for re-appointment.

DIRECTORS RESPONSIBILITY STATEMENT

In accordance with the provisions of section 217(2A A) of the companies Act, 1956, your director state that :

a) in preparation of the accounts, the applicable accounting standards have been followed.

b) accounting policies selected were applied consistently. Reasonable and prudent judgements and estimates were made so as to give a true and fair view of the state of affairs of the Company as at the end of the March, 2011.

c) due and diligent care has been taken 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 preventing and detecting fraud and other irregularities.

d) the annual accounts of the company have been prepared on a going concern basis.

AUDIT COMMITTEE

During the year under review , the Audit Committee met five times. The Committee gave some valuable suggestions for the improvement of internal control systems.

CORPORATE GOVERNANCE

As required under clause 49 of the Listing Agreement, a report on Corporate Governance is enclosed in this Annual Report. Auditor's certificate on the compliance of Corporate Governance is also annexed with the report.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

The information required under section 217(1) (e) of the Companies Act 1956 read with rule 2 of the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988, relating to conservation of energy, technology absorption and foreign exchange earnings is as follows: -

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION

The Company has installed D.G. set of appropriate capacity as stand by source of power backup in case of failure of power from State Electricity Board to avoid energy losses. All the rides are attached with automatic power control system.

FOREIGN EXCHANGE

Foreign Exchange Earnings: Nil Foreign Exchange utilized : Nil

PERSONNEL

The company has not employed any employee at such remuneration attracting the provisions of section 217 (2A) of the Companies Act, 1956. Statement showing particulars of such employees is, therefore, not annexed to this report.

INFORMATION PURSUANT TO LISTING AGREEMENT

The names and addresses of the Stock Exchanges where the Company shares are listed:

1. The Executive Director

The Delhi Stock Exchange Ltd.

DSE House, 3/1, Asif Ali Road,

New Delhi - 110002

2. The Executive Director

The Ludhiana Stock Exchange Association Ltd.

Feroze Gandhi Market Ludhiana

3. The Bombay Stock Exchange Limited 25th Floor, Phiroze Jeejeebhoy Towers Dalai Street,

Mumbai-400 001.

GENERAL

The notes, forming part of the Accounts, being self-explanatory, the comments made by the Auditors in their Report, are not being dealt with separately.

The Directors place on record their appreciation for the services rendered by all the employees of the company and are greatful to Bank of India and other Agencies for timely assistance. Your Directors are also grateful to shareholders, customers and suppliers of the Company for their continued valuable support.

                              for and on behalf of the Board 

                              Kamaljeet         Sarabjeet Singh
                           (Managing Director)      ( Director)

Dated: 28.08.2011