WILLOW BUILDERS PRIVATE LIMITED

DIRECTOR’S REPORT

Dear Members,

Your Directors have pleasure in presenting their Annual Report together with Audited
Statements of Accounts for the year ended 31st March 2009.

FINANCIAL RESULTS
( Rs. In Lacs)
31.03.2009 31.03.2008
Net Profit / Loss before tax 0.31
Profit / Loss transfer to General Reserve 0.31

DIVIDEND

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

BOARD OF DIRECTORS

There is no change in the composition in the Directors during the year.

DIRECTORS RESPONSIBILITY STATEMENT

The Board of Directors of the Company confirms:-

i. that in the preparation of annual accounts, the applicable accounting standards

have been followed and there has been no material departure.

ii. that the selected accounting policies were applied consistently and the
Directors 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 as at 31st March, 2009 and of the
profit of the Company for that period.

iii. that proper and sufficient 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 for preventing and detecting fraud and other
irregularities.

iv. that the annual accounts have been prepared on a going concern basis.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN
EXCHANGE EARNING AND OUTGO.

The Company is not required to provide particulars for Conservation of Energy as its not
engaged in any of the Scheduled Industries under Section 217(1) (e) of the Companies Act,
1956 read with the Companies (Disclosure of Particulars in the Report of Director’s) Rules
1988.

The Company has not carried any R&D efforts and has also not gone for any technology
absorption, adoption etc. and therefore is not required to give particulars pursuant to Form
B annexed to the Companies ( Disclosure of Particulars in the Report of Board of Directors
‘s) Rule 1988.

There is no Foreign Exchange earnings and outgo during the year.

DEPOSITS

The company has not received any deposits during the period under review.

AUDITORS

M/s THAPER SACHDEVA & ASSOCIATES, Chartered Accountants, the Statutory Auditor of
the Company are retiring at the conclusion of this Annual General Meeting and being
eligible they have offered themselves for reappointment. The notes to accounts referred
to in the Auditors Report are self-explanatory and therefore do not call for any further
comments.

PARTICULARS OF EMPLOYEES

There are no employees who are getting remuneration, which requires disclosures under
section 217(2A) of the Companies Act, 1956, read with Companies (Particulars of
Employees) Rules, 1975 as amended. Hence statement giving full particulars of the
employees is not annexed.

ACKNOWLEDGEMENTS

Your Directors wish to place on record their appreciation for Bankers of Company, various
Government Departments and employees at all levels who have been a part of team and
Shareholders for the help and encouragement extended to the Company.

For and on behalf of the

Board of Directors

_____SD______ ________SD_______
Place : New Delhi MUNISH KHURANA ATANU
BANDYOPADHYAY Date : 02.09.2009 Director
Director