డైరెక్టర్ల నివేదిక Arun Mantex Ltd.

Mar 31, 2010

The Directors have pleasure in presenting the 19th Annual Report together with the Audited Accounts of the Company for the year ended 31st March, 2010.

1. FINANCIAL RESULTS

As on 31.03.2010 As on 1.03.2009 Rs. Rs.

Sales 0 0

Profit/(Loss) before depreciation & tax (1,85,803) (1,85,200)

Less : Depreciation 1,00,95,179 1,00,95,179

Profit/(Loss) before Tax (1,02,80,982) (1,02,80,379)

Provision for Income Tax Nil Nil

Profit/(Loss) after Tax (1,02,80,982) (1,02,80,379)

Profit available for Appropriation 0 0

Transfer to General Reserve Nil Nil

Balance Carried Forward (1,02,80,982) (1,02,80,379)

2. INSURABLE INTEREST .

The insurable interest of the Company wherever necessary and to the extent required has been adequately insured.

3. INDUSTRIAL RELATIONS :

Cordial Industrial Relations continued to prevail during the year.

4. AUDITORS OBSERVATIONS :

The observations of Auditors together with notes on accounts are self explanatory.

5. AUDITORS :

M/s.V B Shah & Co. Chartered Accountants, Mumbai retire at conclusion of this ensuing Annual General Meeting. They have conveyed their consent to act as Auditors of the Company, if re-appointed.

6. PARTICULARS REQUIRED TO BE FURNISHED BY THE COMPANIES (DISCLOSURE OF PARTICUALRS IN THE REPORT OF BOARD OF DIRECTORS) RULE, 1988 .

B. TECHNOLOGY ABSORPTION :

Since the technology used by the Company is wholly indigenous the question of technology absorption does not arise.

7. DIRECTOR'S RESPONSIBILITY STATEMENT

As required by section 217(2 A A) of companies Act, 1956 the directors inform that

a) The applicable accounting standards as specified by the Institute of Chartered Accountants of India have been followed in the preparation of Annual Accounts, and given proper explanation relating to material departures, if any

b) The accounting policies have been applied consistently and judgment and estimates that have been made are reasonable and prudent so as to give a true & fair view of the state of affairs of the company at the end of the financial year and of the profit or loss of the company for that period.

c) The company has taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the act so as to safeguard the assets of the company and to prevent and detect fraud and other irregularities.

d) The company has prepared the annual account on going concern basis.

8. RESEARCH & DEVELOPMENT

No specific research and development were carried out but substantial efforts have been made or reduce operating cost.

9. LEAVE ENCASHMENT & GRATUITY

With regard to qualification for the non-provision for Gratuity & Leave encashment benefit on retirement, the gratuity, leave encashment charged to revenue account on basis of actual payment as per policy of the Company.

10.PERSONNEL

None of the employees, employed throughout the financial year under review was in receipt of remuneration aggregating Rs. 12,00,000/- or more per year or employed for part of the Financial Year, under review, and was in receipt of remuneration not less than Rs. 1,00,000/- per month. Hence, Section 217(2A) of the Companies Act, 1956 read with the Companies particulars of employee Rules, 1975, as amended is not applicable to the company. Your Directors wish to place on record their appreciation of the support and co-operation received from all section of the employee.

For ARUN MANTEX LIMITED.

For & on behalf of Board

DIRECTOR

PLACE : MUMBAI

DATE :

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Mar 31, 2008

The Directors have pleasure in presenting the 17th Annual Report together with the Audited Accounts of the Company for the year ended 31st March, 2008.

1. FINANCIAL RESULTS

As on As on 31.03.2008 31.03.2007 Rs. Rs.

Sales 0 0

Profit/ (Loss) before depreciation & tax (2.48.995) (1.48.629)

Less : Depreciation 1.00.95.179 1.01.70.609

Profit/(Loss) before Tax (1.03.44.174) (1.03.19.238)

Provision for Income Tax Nil Nil

Profit/(Loss) after Tax (1.03.44.174) (1.03.19.238)

Profit available for Appropriation 0 0

Transfer to General Reserve Nil Nil

Balance Carried Forward (1.03.44.174) (1.03.19.238)

2. INSURABLE INTEREST:

The insurable interest of the Company wherever necessary and to the extent required has been adequately insured.

3. INDUSTRIAL RELATIONS:

Cordial Industrial Relations continued to prevail during the year.

4. AUDITORS OBSERVATIONS :

The observations of Auditors together with notes on accounts are self explanatory.

5. AUDITORS:

M/s. V.B. Shah & Co. Chartered Accountants. Mumbai retire at conclusion of this ensuing Annual General Meeting. They have conveyed their consent to act as Auditors of the Company, if re-appointed.

B. TECHNOLOGY ABSORTION:

Since the technology used by the Company is wholly indigenous the question of technology absorption does not arise.

7. DIRECTORS RESPONSIBILITY STATEMENT

As required by section 217(2AA) of companies Act. 1956 the director inform that

a) The applicable accounting standards as specified by the Institute of Chartered Accountants of India have been followed in the preparation of Annual Accounts. and given proper explanation relating to material departures. if any.

b) The accounting policies have been applied consistently and judgment and estimates that have been made are reasonable and prudent so as to give a true & fair view of the state of affairs of the company at the end of the financial year and of the profit or loss of the company for that period.

i) The company has taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the act so as to safeguard the assets of the company and to prevent and detect fraud and other irregularities.

j) The company has prepared the annual account on going concern basis.

8. RESEARCH & DEVELOPMENT

No specific research and development were carried out but substantial efforts have been made or reduce operating cost.

9. LEAVE ENCASHMENT & GRATUITY.

With regard to qualification for the non-provision for Gratuity & leave encashment benefit on retirement, the gratuity, leave encashment charged to revenue account on basis of actual payment as per policy of the Company.

10. PERSONNEL

None of the employees, employed throughout the financial year under review was in receipt of remuneration aggregating Rs. 12.00.000/- or more per year or employed for part of the financial Year, under review, and was in receipt of remuneration not less than Rs. 1.00.000/- per month. Hence. Section 217(2A) of the Companies Act. 1976 read with the Companies particulars of employee Rules. 1975. as amended is not applicable to the company. Your Directors wish to place on record their appreciation of the support and co-operation received from all section of the employee.

For ARUN MANTEX LIMITED.

For & on behalf of Board

DIRECTOR

PLACE : MUMBAI

DATE :