EASTERN INDIA LPG COMPANY PRIVATE LIMITED

ANNUAL REPORT 2009-2010

DIRECTOR'S REPORT

To 
The Members of the Company

Your  Directors present Annual Report and Audited Statement of Accounts  of 
the Company for the year ended 31St March, 2010.

FINANCIAL RESULTS & DIVIDEND:

The  pre  operative expenditure of Rs.2.07 Lacs during the  year  (previous 
year Rs.2.11 Lacs) was transferred to capital work-in-progress. The Company 
has not commenced any commercial operations and hence there is no Profit  & 
Loss Account for the year.

Your  Directors  do  not recommend dividend for the  financial  year  under 
review.

DIRECTORS:

Mr.  A.K. Chandaria, Director retires by rotation and being eligible  offer 
himself for reappointment.

AUDITORS

M/s.  J.A.  Rajani & Co., Chartered Accountants, Auditors  of  the  Company 
retire  at  the  ensuing Annual General Meeting and are  eligible  for  re-
appointment.

PARTICULARS OF EMPLOYEES:

The  Company  has  no  employees covered by  and  in  accordance  with  the 
provisions  of  section 217(2A) of the Companies Act, 1956, read  with  the 
Companies  (Particulars of Employees) Rule, 1975 as amended and  hence  the 
Particulars of the same are NOT APPLICABLE.

CONSERVATION  OF ENERGY/TECHNOLOGY ABSORPTION/FOREIGN EXCHANGE  EARNINGS  & 
OUTGO:

The details regarding conservation of Energy and Technology Absorption  are 
not applicable.

Foreign Exchange earnings and outgo - NIL.

DIRECTORS RESPONSIBILITY STATEMENT:

Directors report that:

i.  in  the preparation of the Annual Accounts, the  applicable  accounting 
standards  had  been  followed along with proper  explanation  relating  to 
material departures;

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 loss 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.

                                   By order of the Board of Directors 

                                   Sd/-
Place : Mumbai 	                   K.M. Chandaria
Dated : 24/05/2010	           Chairman.