Essay upon Raju Diwana

Balsara Hygiene Items Limited

Audited Balance Sheet and Profit & Loss Accounts for the year concluded 31st Drive, 2006

BALSARA HYGIENE GOODS LIMITED

18

ANNUAL RECORD 2005-06

Contents

Page Director's Report Auditor's Report Balance Sheet Profit & Loss Bank account Schedules Accounting Policies & Notes to Accounts Statement of Cash Flow 1 4 7 eight 9 doze 15

BALSARA HYGIENE PRODUCTS LIMITED

18

ANNUAL REPORT 2005-06

DIRECTORS' REPORT

The Directors' possess pleasure in presenting the Twenty-Eight Gross annual Report as well as the audited makes up the economic year concluded 31st 03, 2006.

Economical Results

(Rupees in lacs) Sales Earnings Before Taxation Provision pertaining to Taxation Equilibrium brought forwards from Earlier year Excess/(Short) Provision of earlier season Balance taken to Balance Sheet 2005-06 — 7. 56 (0. 06) 423. 85 (40. 27) 391. 08 391. 08 391. '08 2004-05 — 400. twenty three (13. 88) 32. 49 5. 02 423. eighty six 423. 86 423. eighty six

Dividend

Taking into consideration future Business plans under consideration, your Directors are not suggesting any gross for this yr.

Operations

In the year under consideration, the organization did not carry out any organization activity generating sales earnings. However , the corporation had gained by way of certificate fees when you use Company's Operate Marks on various items manufactured, sold/exported by Balsara Home Items Limited under the agreement with Balsara House Products Limited and the understanding arrived at with Balsara Residence Products Limited and the Firm. The Company provides earned Rs. 50. 00 lacs being a license fee compared to Rs. 481. 95 lacs to get the previous season for the use of the Company's Trade Markings on several products produced, sold/exported in India and elsewhere in the world by Balsara Home Products Limited for the economical year 2005-06. The Company's Revenue / (Loss) before duty has been Rs. 7. 56 lacs when compared to Rs. 400. 23 lacs for the previous year.

Exports

During the year, the corporation did not have any foreign trade business.

Set Deposits

The Company has not accepted/renewed any build up during the year.

Company directors

Mr. Pritam Das Narang retires by simply rotation and being entitled offers himself for re-appointment.

Delisting of Equity Stocks and shares

In compliance of the conditions of the Securities and Exchange Board of India (Delisting of Securities) Guidelines 2003 and as per the requisitions of the Bangalore Stock Exchange, your business has been delisted effective 13 th December, 2005 and it is no more a listed Company on the Stock Exchanges in India. As per the page from the Bangalore Stock Exchange, the Exit Alternative is available towards the shareholders in the Company pertaining to the period of six months from your date of delisting since aforesaid.

Trade Mark Permit

The Company is going to continue to earn income from Company Licensing to other company/ies.

Directors' Responsibility Statement

Pursuant to the requirement under Section 217 (2AA) of the Companies Act, 1956 with respect to the Administrators Responsibility Statement, it is hereby confirmed. (i) (ii) That in the preparation of the Annual Makes up about the Economical Year thirty first March, 06\, the applicable accounting standards have been used alongwith proper explanation in relation to material departures. That the Company directors had picked such accounting policies and applied them consistently and made judgements and estimates which were reasonable and prudent to be able to give a the case and fair view with the state of affairs with the Company by the end of the financial year along with the profit or perhaps loss of the company for the year under assessment. That the Administrators had considered proper and sufficient look after the maintenance of adequate accounting records in accordance with the procedures of the Corporations Act, 1956 for shielding the possessions of the Company and for preventing and detecting fraud and other irregularities. The fact that Directors have prepared the Accounts for the Financial Year ended thirty first March, 06\ on a heading concern basis. 1 TWELVE-MONTHLY REPORT 2005-06

(iii)

(iv)...

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