Brahmaputra Infraproject Ltd.

(Formerly known as Mewar Industries Ltd.)

 ==—=================^^ Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ltd.)

BOARD OF DIRECTORS
Sh. Ashok Kumar Gadlya Chairman
Sh. Ramphal Bansal Director
Sh. Govind Lai Gadiya Director
Sh. Pramod Kumar Chhaparwal Director
Sh. Ashok Kumar Singhal Director
Sh. Suresh Kumar Prithani Director
Sh. Rajesh Sharma Director

AUDITORS
M/s Ramesh Somani & Co.
Chartered Accountants
17D/212, Vasundhara, Konark Enclave,
Ghaziabad - 201 010

BANKERS TO THE COMPANY

State Bank of Patiala, Delhi
Punjab National Bank, Udaipur
The Bank of Rajasthan Limited, Udaipur
Oriental Bank of Commerce, Ghaziabad
HDFC Bank Limited, Ghaziabad

SHARE TRANSFER AGENT

Intime Spectrum Registry Limited
A-40,2nd Floor, Naraina Industrial Area,
Phase - II, New Batra Banquet Hall,
New Delhi - 110 028

REGISTERED OFFICE
4117,1st Floor, Naya Bazar, Delhi-110006
Phone: 011-23962062,23923496

LISTED WITH STOCK EXCHANGES

Bombay Stock Exchange Limited
Phiroze Jeejeebhoy Towers,
Dalai Street, Mumbai - 400 001 Contents Page No.
Company Scrip Code: 31194
2
Notice
The Delhi Stock Exchange Association Limited Directors' Report 5
DSE House, 3/1, Asaf Ali Road, Delhi - 110 002 Report on Corporate Governance 7
Company Scrip Code : 8065 Management Discussion & Analysis Report 11
Auditors' Report 12
Balance Sheet 15
Profit & Loss Account 16
17
Schedules
Cash Flow Statement 22
Balance Sheet Abstract 23

•( 16TH ANNUAL REPORT.

 — Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ltd.)

NOTICE
Notice is hereby given that the 16th Annual General Meeting of the members of Brahmaputra Infraproject Ltd. will be held on
Monday, the 29th day of September, 2008 at the Registered Office of the Company, i.e. 4117, 1st Floor, Naya Bazar, Delhi-
110006, at 9.30 A.M. to transact the following business:

ORDINARY BUSINESS
1. To consider and adopt the audited Balance Sheet as on 31 st March, 2008 and Profit & Loss Account of the Company for the
year ended on that date, together with the Reports of Directors and Auditors thereon.
2. To appoint a Director in place of Sh. Ashok Kumar Gadiya, who retires by rotation and being eligible, offers himself for re-
appointment.
3. To appoint a Director in place of Sh. Ramphal Bansal, who retires by rotation and being eligible, offers him-self for re-
appointment.
4. To appoint M/s Ramesh Somani & Co., Chartered Accountants as Auditors to hold office till the conclusion of the next
Annual General Meeting and to fix their remuneration.

SPECIAL BUSINESS
5. To consider, and if thought fit, to pass, with or without modification(s),the following resolution as an Ordinary Resolution:
"Resolved that Mr. Suresh Kumar Prithani who was appointed as an Additional Director of the Company and who holds
office upto the date of this Annual General Meeting and in respect of whom the company has received a notice in writing
from a shareholder proposing him as a candidate for the Director under provisions of Section 257 of .the Companies Act,
1956 along with a deposit of Rs.500 and who is eligible for appointment be and is hereby appointed a Director of the
company whose period of office shall be liable to determination by rotation"
6. To consider, and if thought fit, to pass, with or without modification(s),the following resolution as an Ordinary Resolution:
"Resolved that Mr. Rajesh Sharma who was appointed as an Additional Director of the Company and who holds office upto-
the date of this Annual General Meeting and in respect of whom the company has received a notice in writing from a
shareholder proposing him as a candidate for the Director under provisions of Section 257 of the Companies Act, 1956
along with a deposit of Rs.500 and who is eligible for appointment be and is hereby appointed a Director of the company
whose period of office shall be liable to determination by rotation"
7. To consider, and if thought fit, to pass, with or without modification (s), the following resolution as a Special Resolution:
"Resolved that pursuant to the provisions of Section 293(1) (d) and other applicable provisions, if any, of the Companies
Act ,1956 the company hereby accords its consent to the Board of Directors to borrow any sum or sums of money from time
to time from any one or more of the company's bankers and / or from any one or more other persons, firms, bodies
corporate or financial institutions, whether by way of cash credit, advance or deposits, loans, or bill discounting, issue of
debenture, or other wise and whether unsecured or secured by mortgage, charge, hypothecation or lien or pledge of the
company's assets and properties, whether immovable or movable or stock-in-trade (including raw materials, stores, spares
parts and components in stock or in transit) and work- in- progress and all or any of the undertaking of the company
notwithstanding that the money to be borrowed together with the moneys already borrowed by the company (apart from
temporary loans obtained from the company's bankers in the ordinary course of business) will or may exceed the aggregate
of the paid- up- capital of the company and its free reserves , that is to say, reserves not set apart for any specific purpose,
so that the total amount upto which the moneys may be borrowed by the Board of Directors and outstanding at any time shall
not exceed the sum of Rs.200.00 Crores (Rupees Two Hundred Cores Only) exclusive of interest and the Board of Directors
be and is hereby further authorized to execute such debenture trust deeds, or mortgage, charge, hypothecation, lien,
promissory notes, deposits receipts and other deeds and instrument or writings containing such conditions and covenants
. as the Directors may think fit"

By order of the Board of Directors

For BRAHMAPUTRA INFRAPROJECT LTD.

ASHOK KUMAR GADIYA

Delhi, 3rd day of September, 2008 Chairman

16TH ANNUAL REPORT,

==—^^^^^^=^=^^ == = Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ltd.)

NOTES:
1. A member entitled to attend and vote, is entitled to appoint a proxy to attend and vote instead of himself/herself and such
proxy need not be a member of the Company. Proxies in order to be effective must be received by the Company not less
• than 48 hours before the time fixed for the meeting.
2. The register of the members and share transfer books of the Company shall remain closed from 16/09/2008 to 29/09/2008
(both days inclusive) in connection with the Annual Report.
3. Members/ Proxies are requested to bring the attendance slip sent herewith duly filled in for attending the meeting.
4. Members who hold shares in de-materialised form are requested to bring their ID and DP ID No. for easier identification of
attendance at the meeting.
5. The members seeking any information with regard to Accounts are requested to write to the Company at an early date so as
to enable the management to keep the information ready.
6. Members are requested to notify immediately any change in their address (with PINCODE), if any, quoting their registered
folio numbers. In case of demat shareholders the change of address, if any, may be notified to their respective Depository
Participants.
7. Members are requested to quote their folio number and the Company's name in all correspondence with M/s Intime Spectrum
Registry Limited, who are acting as our Registrars and Share Transfer Agents.
8. Corporate members intending to send their representatives are requested to send a duly certified copy of Board Resolution
authorising their representatives to attend and vote at the Annual General Meeting.
9. In accordance with the provisions of Article 91 of the Articles of Association of the Company, Sh. Ashok Kumar Gadiya and
Sh. Ramphal Bansal, will retire by rotation at the Annual General Meeting and being eligible, offer themselves for re-election.
Additional information, pursuant to Clause 49 of the Listing Agreement with Stock Exchanges in respect of those Directors
seeking election after retiring by rotation at the Annual General Meeting, are given hereunder:
Mr. Ashok Kumar Gadiya (48 years) is a graduate in Commerce and a practicing Chartered Accountant. He is a partner in
Anil Ashok & Associates, a Chartered Accountant firm and Mewar Associates, a consultancy firm. He has a very rich
experience in various fields like accounts, taxation, finance etc. He is also Chairman of Mewar Education Society, Delhi. He
is member of VAT Advisory Committee, Government of NCT of Delhi, New Delhi and also a member of Taxation study group
of Northern India Regional Council, Institute of Chartered Accountants of India.
Details of his other Directorship / Membership of Committees are given below :
Name of the Company Directorship Committee Membership
Brahmaputra Infraproject Ltd. Director Audit Committee
Shareholder's Grievance Committee
Mewar Developers Pvt. Ltd. Director —
Charbhujaji Marbles Pvt. Ltd. Director —
Womeninfoline.com Pvt. Ltd. Director —
lndianastrology.com Pvt. Ltd. Director —
AAA Consultants Pvt. Ltd. Director —
Decent Environ Products P. Ltd. Director —
AAA Valuestock Pvt. Ltd. Director —
Mr. Ramphal Bansal (81 years) is a graduate in law and is practicing as a Senior Lawyer in the Delhi High Court. He has a
wide experience in legal field.
Name of the Company Directorship Committee Membership
Bharat Prakashan (Delhi) Limited Director -

16TH ANNUAL REPORT... ...3

 — Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ltd.)

EXPLANATORY STATEMENT PURSUANT TO SECTION 173 (2) OF THE COMPANIES ACT 1956
ITEM NO. 5
Mr. Suresh Kumar Prithani who has been appointed on the Board as an Additional Director w.e.f.18th April 2008 by the Board
pursuant to Section 260 of the Companies Act,1956 vacates office at this Annual General Meeting. Notice and a deposit as
required under Section 257 of the Companies Act,1956 has been received from a shareholder proposing his candidature as a
Director of the Company.
Your Directors recommend the resolution for your approval

None of the Director except Mr. Suresh Kumar Prithani is any way concerned or interested in the resolution.

ITEM NO. 6
Mr. Rajesh Sharma who has been appointed on the Board as an Additional Director w.e.f.18th April 2008 by the Board pursuant
to Section 260 of the Companies Act, 1956 vacates office at this Annual General Meeting. Notice and a deposit as required under
Section 257 of the Companies Act, 1956 has been received from a shareholder proposing his candidature as a Director of the
Company.
Your Directors recommend the resolution for your approval

None of the Director except Mr. Rajesh Sharma is any way concerned or interested in the resolution.

ITEM NO. 7
The company has changed its main object of the Memorandum of Association and started its new activities of infrastructure
project and other construction work on contract basis which need more fund in the near future. The approval of the shareholders
is sought to permit the Board of Directors to borrow money in excess of the company's paid - up- capital and free reserves. The
above said resolution is required the approval of shareholder under section 293(1) (d) Companies Act, 1956.
Your Directors recommend the resolution for your approval.
None of the Directors is in any way concerned or interested in this resolution proposed to be passed.

By order of the Board of Directors

For BRAHMAPUTRA INFRAPROJECT LTD.

ASHOK KUMAR GADIYA

Delhi, 3rd day of September, 2008 Chairman
 Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ltd.)

DIRECTORS' REPORT
Dear Members,
Your Directors have the pleasure in presenting the 16th Annual Report together with the audited Accounts of the Company for the
financial year ending on 31st March, 2008.
Financial Results (Rs. in Lacs)
Year ended Year ended
Particulars
31.03.2008 31.03.2007
Total Income 267.36 269.68
Profit after interest but before depreciation 2.04 2.00
Depreciation 1.33 1.33
Profit /(Loss) before tax 0.71 0.67
Less: Provision for taxation 0.56 0.58
(Add)ZLess: Income tax for earlier years (1.58) 0.29
Less: Deferred tax liability 0.00 0.00
Profit /(Loss) after tax 1.73 (0.20)
Add: Balance in P&L Account c/d 43.99 44.07
Add: Deferred tax liability of earlier years reversed back 0.11 0.11
Balance carried to Balance Sheet 45.83 43.99

Performance
During the year under review, the total income of the Company has been slightly decreased in comparison to the last year.
However, the Company has Profit of Rs. 0.71 lacs before tax during the year in comparison to previous year profit of Rs. 0.67 lacs.
The directors are hopeful for better performance during the year in view of improved condition of financial and monetary market.

Dividend
The Company has not declared any dividend during the year in order to maintain the liquidity of funds for the expansion of the
business.

Directors
In accordance with the articles of the Company and the provisions of the Companies Act, 1956, Sh. Ashok Kumar Gadiya and Sh.
Ramphal Bansal retire by rotation at the ensuing Annual General Meeting and being eligible offers themselves for re-appointment
on the Board of your Company.
During the year Sh. Suresh Prithani and Sh. Rajesh Sharma were appointed as additional Directors of the Company till the
conclusion of this AGM. However, both being eligible, offer themselves for reappointment as directors of your company.

Directors' Responsibility Statement

Pursuant to Section 217 (2AA) of the Companies Act, 1956, the Board of Directors of the Company hereby state and confirm that

i) In preparation of annual accounts, the applicable Accounting Standards have been followed alongwith proper explanation
relating to material departures.
ii) The accounting policies have been selected and applied consistently and the judgements and estimates made, 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 financial year and of the
Profit & Loss account of the Company for that period.
iii) 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) The annual accounts have been prepared on a going concern basis.

Corporate Governance

•( 16TH ANNUAL REPORT.

D
==========================^ Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ud.)

Pursuant to Clause 49 of the Listing Agreement with the Stock Exchanges, Management discussion and analysis report, Corporate
Governance Report and Auditor's Certificate regarding compliance of conditions of Corporate Governance are made part of the
Annual Report.

Change of Main Objects of the Company

During the year, the Company has changed its main objects to carry the business of infrastructure and other related projects.

Change of Name of the Company

In pursuance of change of the main objects of the company the name of your company has been changed to Brahmaputra
Infraproject Ltd.
Increase of Authorised Share Capital
During the year the authorized capital of the company has been increased from Rs.650 lacs to Rs.800 lacs (divided into 80,00,000
equity shares of Rs.10/- each).

Preferential Allotment of Equity Shares

The company has allotted 40,00,000 equity shares on preferential basis under section 81(1 A) of the Companies Act, 1956 to four
entities namely Mr. Suresh Prithani, Brahmputra Holding (P) Ltd, M.L Singhi & Associates (P) Ltd and Brahmputra Finlease (P)
Ltd.

Auditors
M/s Ramesh Somani & Co., Chartered Accountants, the Auditors of the Company retire at the conclusion of the ensuing Annual
General Meeting and being eligible for re-appointment under section 224(1) of the Companies Act, 1956, have indicated their
willingness to continue in this capacity.

Auditors Report
The notes to the accounts referred to in the Auditors' Report are self-explanatory and do not call for any further comment.

Public Deposits
Your Company has not accepted any deposits from the public within the meaning of Section 58A of the Companies Act, 1956 and
the rule made thereunder, during the year.
Particulars of Employees
No employee is drawing remuneration as provided under the Companies (Particulars of Employees) Rules , 1975 and hence
information as required under Section 217(2A) of the Companies Act, 1956 is not required to be furnished.

Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo
The Company's operations are not power intensive. Nevertheless your Company has introduced various measures to conserve
and minimise the use of energy.
No technology has been imported during the previous year. Indigenous technology available is continuously been upgraded to
improve overall performances.
Foreign Exchange Earning : Nil
Foreign Exchange Outgo : Nil

Acknowledgement
Your Directors would like to place on record their appreciation for the assistance and co-operation and whole-hearted support
received from Company's bankers, advisors, customers and investors and all whose continued support has been a source of the
strength to the Company. Your Directors place on record their appreciation for the valuable contribution made by employees at all
levels.
On behalf of the Board
For BRAHMAPUTRA INFRAPROJECT LTD.

ASHOK KUMAR GADIYA

Delhi, ist'day of September, 2008 Chairman
 — Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ltd.)

REPORT OF THE DIRECTORS ON CORPORATE: G O V E R N A N C E

(Annexure to the Directors' Report)
Company's Philosophy on Corporate Governance
The Company's philosophy of Corporate Governance is aimed at assisting the top management of the Company in the efficient
conduct of its business and in meeting its obligations to stakeholders and adequate and transparent reporting of the financial
information. A system to effectively manage risks has been implemented. The Company has been disclosing information on
different issues concerning the Company's performance from time to time. The employees at all levels are bound by the Code of
Conduct that sets forth the Company's policies on all important issues.
Board of Directors
Composition:
The Board consists of seven members, out of which all are Non-Executive Directors. The detailed composition of the Board and
other related information is given in the table below:
Number of Number of Committee
Director Category of Directorship position held in other
Directorship in other companies Companies
Member Chairman
Mr. Ashok Kr. Gadiya (Chairman) Non-Executive 9 2 1
Mr. Ramphal Bansal Non-Executive, Independent 1 - -
Mr. Govind Lai Gadiya Non-Executive 1 - -
Mr. Pramod Kumar Chhaparwal Non-Executive, Independent 1 - -
Mr. Ashok Kumar Singhal Non-Executive 9 1 -
CO
Mr. Suresh Kumar Prithani Non-Executive, Independent - -
Mr. Rajesh Sharma Non-Executive, Independent 1 - -
Board Meetings and Attendance :
During the previous year, Sixteen board meetings were held on 7th April, 2007,14th April, 19th April 30th June, 31st July, 14th
August, 3rd September, 8th September, 28th September, 14th October, 31 st October, 23rd November, 30th January, 2nd February,
17th March and 29th March of 2008.
The attendance at the Board Meetings and Annual General Meeting were as under:
Attendance
Name of Director Board Meetings AGM
Mr. Ashok Kumar Gadiya 16 Yes
Mr. Ramphal Bansal 11 Yes
No
CO

Mr. Govind Lai Gadiya

Mr. Pramod Kumar Chhaparwal 10 No
Mr. Ashok Kumar Singhal 16 Yes
Code of Business Conduct
The Company has adopted a Code of Business Conduct, which applies to all employees, and Directors of the Company. It is the
responsibility of all employees and Directors to familiarize themselves with this code and comply with its standards.
Committees of the Board
The Board of Directors have constituted the following committees with adequate delegation of powers to discharge day-to-day
affairs of the Company as well as to meet the exigencies of the business of the Company.
Audit Committee:
The Audit Committee comprises of three Directors. The members consist of Sh. Ashok Kumar Gadiya, Sh. Pramod Kumar
Chhaparwal and Sh. Ramphal Bansal with Mr. Ramphal Bansal, a Non-executive Independent Director as Chairman.
The terms of reference of the Audit Committee are in line with the powers, duties and responsibilities stipulated in Clause 49 of the
Listing Agreement.
The functions of Audit Committee are as per Company Law and Listing Agreement with Stock Exchanges. These include overseeing
of Company's financial reporting process, recommending the appointment and removal of external auditors, reviewing the annual
financial statements, financial management policy, adequacy of internal control system and internal audit functions.

16TH ANNUAL REPORT.

D
 Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ud.)

The committee met Five times during the year on 13th April, 24th May, 17th July 10th October of 2007 and 11 th January 2008 and
the attendance of members were as follows :
Director Status No. of meetings attended
Sh. Ramphal Bansal Chairman 5
Sh. Ashok Kumar Gadiya Member 5.
Sh. Pramod Kumar Chhaparwal Member 5
The minutes of the meetings of Audit Committee were discussed and taken note of, by the Board of Directors.
Remuneration Committee :
No remuneration is paid to the directors, therefore no remuneration committee has been formed.
Shareholders' Grievance Committee :
The committee was formed to review and redress the investors grievances / letters regarding various matters. It constitutes three
members i.e. Sh. Ashok Kumar Gadiya, Sh. Ashok Kumar Singhal and Sh. Govind Lai Gadiya with Sh. Ashok Kumar Gadiya, a
Non-executive Director as the Chairman of the committee.
Mr. Ashok Kumar Singhal, has been designated as Compliance Officer of the Company.
During the year 2007-08, Four meetings of the committee were held and attendance of members were as follows :
Director Status - No. of meetings attended
Mr. Ashok Kumar Gadiya Chairman 4
Sh. Ashok Kumar Singhal Member 4
Sh. Govind Lai Gadiya Member 2
The minutes of the meetings of the Shareholders' Grievance Committee were discussed and taken note of by the Board of
;

Directors.
The functions of the committee include effective redressal of the complaints of the shareholders such as dematerialisation,
transfer, non-i dceipt of balance sheet etc. The committee recommends steps to be taken for further improvement in the quality of
service to the investors.
All the requests/complaints received during the year were attended to promptly and resolved to the satisfaction of the shareholders.
No valid request for share transfer / transmission were pending as on March 3 1 , 2008.
General Body Meetings
The location and time of the Annual General Meetings held during the last three years were as follows :
Financial Year AGM Date Location of Meetings Time
2004-2005 AGM 30.09.2005 4117, 1st Floor, Naya Bazar, Delhi-110006 10.30 A.M.
2005-2006 AGM 30.09.2006 -do- 10.30 A.M.
2006-2007 ' AGM 28.09.2007 -do- 11.30 A.M.
No resolution is proposed to be passed by postal ballot at the forthcoming Annual General Meeting.
Disclosures
The Company has not entered into any transaction of material nature that may have potential conflict with interests of the
Company with any of the Directors or their relatives during the financial year ending 31st March 2008.
The Company has complied with the provisions of law and no penalties or strictures have been imposed by the Stock exchanges
or SEBI or any other statutory authority, on any matter related to the capital markets, during the last 3 years.
Means of Communication
During the year the quarterly/ half-yearly/ annual unaudited / audited financial results of the Company were sent to the Stock
Exchanges immediately after they are approved by the Board of Directors and were also published in one English and one
Vernacular language newspaper i.e. Money Makers and Dainik Mahlaxmi Bhagyodaya respectively. Management Discussion and
Analysis forms part of the Annual Report.
As per the requirements of Clause 51 of the Listing Agreement, all the data related to quarterly financial results, shareholding
pattern etc. is provided to the special web-site www.sebiedifar.nic.in within the timeframe prescribed in this regard.
General Shareholder Information
A. 16th Annual General Meeting
Date : 29\h September, 2008
Time : 9.30 A.M.
Venue : 4117, 1st Floor, Naya Bazar Delhi-110006

( 16TH ANNUAL REPORT

D
 Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ltd.)

Financial Calender
— Unaudited results for the quarter ending June 30, 2008 31st July 2008
— Unaudited results for the quarter ending September 30, 2008 Last week of October 2008
— Unaudited results for the quarter ending December 3 1 , 2008 Last week of January 2009
— Audited results for the year ending March 3 1 , 2009 June 2009
— Date of Book Closure 16th September 2008 to 29th September 2008
(both days inclusive)
Listing on Stock Exchanges and Stock Codes
1. The Stock Exchange, Mumbai -31194
2. The Delhi Stock Exchange Association Limited • 8065

Market Price Data

High/Low of market price of the Company's equity shares traded on BSE during the last financial year were as follows :
(Amount In Rs.)
BSE
Month High Low
April 2007 3.75 3.50
May 2007 5.10 2.61
June 2007 3.81 3.10
July 2007 4.02 3.24
August 2007 4.42 4.02
September 2007 4.64 4.00
October 2007 4.64 4.00
November 2007 4.20 3.81
December 2007 6.36 3.63
January 2008 10.66- 6.67
February 2008 10.50 8.40
March 2008 9.40 7.21

Registrar and Transfer Agent & Share Transfer System

The Company's Share Transfer Agent is M/s Intime Spectrum Registry Limited. Their address is as under:
M/s Intime Spectrum Registry Limited
A-40, llnd Floor, Naraina Industrial Area,
Phase-ll, Near Batra Banquet Hall,
New Delhi-110028
The Company's shares are traded in the Stock Exchanges in demat mode. These transfers are effected through NSDL and CDSL.
Transfer of shares in physical form is processed and approved in the Board meetings from time to time and the certificates are
returned to the shareholders within 15 days from the date of receipt, subject to documents being valid and complete in all
respects.
Distribution of shareholding
The distribution of shareholding as on 31st March 2008 was as follows:-
No of equity No. of Percentage of Total No. of Percentage of
shares held shareholders shareholders(%) shares held shares held (%)
1 - 2500 469 33.12 60922 2.02
2500-5000 484 34.18 191889 6.38
5001-10000 190 13.42 158976 5.28
10001-20000 100 7.06 151423 5.03
20001-30000 53 3.74 133700 4.44
30001-40000 31 2.20 112922 3.76
40001-50000 21 1.48 97465 3.24
5 0 0 0 1 - 100000 34 2.40 230598 7.66
100001 and above 34 2.40 1871305 62.19
Total 1416 100.00 3009200 100.00
 Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ltd.)

Shareholding Pattern
The shareholding pattern as on 31st March 2008was as follows :-
Category No. of shares Percentage of shares
Promoters 1067400 35.47
Person acting in concert — —
Non-promoters (Institutions/ Banks/Mutual Funds/State Govts.) 94200 3.13
Foreign Holding (NRIs/OCBs) — —
Private Corporate Bodies 460104 15.29
Indian Public 1387496 46.11
Total 3009200 100.00

Dematerialisation of shares and liquidity

The equity shares of your Company have been compulsorily traded in dematerialised form and the Company has agreements with
both the depositories i.e., National Securities Depository Limited and Central Depository Services (India) Limited. As on 31st
March 2008 over 12,04,995 share constituting 40.04% of the total paid up capital of the companies dematerialised. The reconciliation
of both physical and demat shares are upto date and tallies with the total paid-up capital of the Company

Address for correspondence

4117, 1st Floor,
Naya Bazar, Delhi-110006
Telephone No.: 23923496, 23962062
E-mail: mewar.industries@gmail.com

AUDITORS' CERTIFICATE

The Board of Directors,

Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ltd.)
Delhi

We have examined the compliance of conditions of Corporate Governance by Brahmaputra Infraproject Ltd. for the financial year
ended 31st March, 2008 as stipulated in Clause 49 of the Listing Agreement of the said Company with the Stock Exchanges.

The compliance of conditions of Corporate Governance is the responsibility of management. Our examination was limited to
procedures and implementation thereof, adopted by the Company for ensuring the compliance of the conditions of Corporate
Governance. It is neither an audit nor an expression of opinion on the financial statements of the Company.

In our opinion and to the best of our information and according to the explanations given to u s , we certify that the Company has
complied with the conditions of Corporate Governance as stipulated in the above mentioned Listing Agreement.

As required by the Guidance Note issued by the Institute of Chartered Accountants of India, we have to state that as per the
records maintained by the Company, there were no investors grievances remaining unattended / pending for more than 30 days.

We further state that such compliance is neither an assurance as to the future viability of the Company nor the efficiency or
effectiveness with which the management has conducted the affairs of the Company.

For RAMESH SOMANI & CO.

Chartered Accountants

RAMESH C. SOMANI
Delhi, 1st day of September, 2008 Proprietor
Membership No. 75100
 i

Brahmaputra Infraproject Ltd.

(Formerly known as Mewar Industries Ltd.)

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Industry Environment and Business Analysis

The Real Estate & infrastructure sector has experienced attractive flow of investments from the investor circles. Also the end-user
has moved simultaneously. There are perceptible upward movements in the real estate sector & infrastructure, which concurrently
has led to a multifold expansion in business and activity. Thus, it is understandable that, in the positive and encouraging economic
scenario of the Country, the industry and specifically the real estate sector & infrastructure, is bound to develop.

Financial Performance Review

During the year, the Company has earned a net profit of Rs. 1,73,446.49 as compared to a net loss of Rs. 19,740.89 in the
previous year. The Company will continue in its endeavor to find out new business opportunities and expects to perform better in
the current year.

Outlook on Opportunities, Threats and Risk Management

The Company constantly endeavors to broaden the charter of risk management to include opportunities as well as threats. An
integrated risk management approach is used, considering a number of techniques to cover the full range of risks in the framework.
Today, risk information is an important part of decision making at all levels in the organisation. Your company is continuously
evaluating the risks of getting into areas where it has no exposure earlier, as compared to the risk of continuing to operate in an
overcrowded mature market.

Internal Control System

The Company has adequate internal control system commensurate with the size of the Company and nature of its business to
ensure that all the assets are safeguarded and protected against loss from misuse or disposition, transactions are executed in
accordance with management's authorisation and properly recorded. The Company has internal control system for speedy
compilation of accounts and management information reports and to comply with the applicable laws and regulations. The existing
Audit Committee and Shareholders Grievance Committee ensures proper compliance with the provisions of the listing agreement
with the Stock Exchanges and the relevant provisions of the Companies Act, 1956.

Human Resource Development/ Industrial Relations

The Company's Human Resources philosophy is to establish and build a strong performance driven culture with greater sense of
accountability and responsibility. With the changing scenario, the Company's basic focus is to upgrade the knowledge of the
employees and to strengthen their managerial capabilities.
 ... • Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ltd.)

AUDITORS' REPORT
The Members,
Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ltd.)
Delhi
Dear Members,
We have audited the Balance Sheet of Brahmaputra Infraproject Ltd. as on 31st March, 2008 and also the Profit and Loss Account
and also the Cash Flow Statement of the Company for the year ended on that date annexed thereto. These financial statements
are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements
based on our audit.

We conducted our audit in accordance with auditing standards generally accepted in India. Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An
audit also includes assessing the accounting principles used and significant estimates, made by management, as well as evaluating
the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

We report as follows:

1. As required by the Companies (Auditor's Report) Order, 2003, as amended by the Companies (Auditors' Report) (Amendment)
Order, 2004 issued by the Central Government in terms of section 227 (4A) of the Companies Act, 1956. We enclose in the
annexure a statement on the specified paragraphs 4 and 5 of the said order.

2. Further to our comments in the annexure referred to above, we report that :

(a) We have obtained all the information and explanations which to the best of our knowledge and belief were necessary
for the purpose of our audit.

(b) In our opinion, the Company has kept proper books of account as required by law so far as appears from our examination
of the books.

(c) The Balance Sheet, Profit & Loss Account and Cash Flow Statement dealt with by the report are in agreement with the
books of the Company.

(d) In our opinion, the Balance Sheet, Profit and Loss Account and Cash Flow Statement dealt with by this report are in
compliance with the Accounting Standards referred to in section 211 (3C) of the Companies Act, 1956, in so far as they
apply to the Company.

(e) On the basis of the written representations received from the directors, and taken on record by Board of Directors, we
report that none of the directors is disqualified as on 31st March, 2008 from being appointed as a director in terms of
clause (g) of sub section (1) of section 274 of the Companies Act, 1956.

(f) In our opinion, and to the best of our information and according to explanations given to us, the accounts read together
with the significant accounting policies and other notes thereon, give the information required by Companies Act, 1956
in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted
in India:
(i) in case of Balance Sheet, of the state of affairs of the Company as at 31st March, 2008;
(ii) in case of Profit & Loss, account of the profit of the Company for the year ended on that date; and
(iii) in the case of Cash Flow Statement, of the cash flows for the year ended on that date.

For RAMESH SOMANI & CO.

Chartered Accountants

RAMESH C. SOMANI
Delhi, 30* day of June, 2008 Proprietor
Membership No. 75100
= = = = = = = = = = = = = = = = _ _ ^ ^ Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ltd.)

ANNEXURE TO THE AUDITORS' REPORT

(Referred to in paragraph 1 of our report of even date on the accounts of Brahmapurta Infraproject Ltd. for the year
ended 31st March, 2008)

1. (a) The Company has maintained proper records showing full particulars including quantitative details and situation of
fixed assets.
(b) A detailed list of the assets have been made and physically verified by the management at reasonable intervals and no
material discrepancies were found on such verification.
(c) The company has not disposed off any substantial part of fixed assets during the year.

2. (a) As informed to us, the management has conducted physical verification of inventory at reasonable intervals.
(b) In our opinion and according to the information and explanation given to us, the procedures of physical verification of
inventory followed by the management are reasonable and adequate in relation to the size of the Company and the
nature of its business.
(c) In our opinion and according to the information and explanation given to us, and on the basis of our examination of the
records of inventory, the Company is maintaining proper records of inventory and no material discrepancies were
found on physical verification of inventory in comparison to the book records.

3. (a) According to the information and explanation given to us, the Company has not granted any loans to the parties listed
in the register maintained under section 301 of the Companies Act, 1956.
(b) Similarly, the Company has not taken any unsecured loan from the parties, listed in the register maintained under
section 301 of the Companies Act, 1956.

4. In our opinion and according to the information and explanations given to us, there are adequate internal control procedures
for the purchase of inventory and fixed assets and for the sale of goods and services commensurate with the size of the
Company and the nature of its business. During the course of our audit, no major weakness has been observed in the
internal controls.

5. In our opinion and according to the information and explanations given to us, there are no contracts or arrangements that
need to be entered into a register in pursuance of section 301 of the Act.

6. To the best of our knowledge, the Company has not accepted any deposits from the public during the year, and therefore the
provisions of Sections 58A or 58AA or any other relevant provisions of the Companies Act, 1956 and the rules made, are not
applicable to the Company.

7. In our opinion, the Company is having an internal audit system commensurate to the size and nature of its business.

8. As informed to us the Central Government has not prescribed maintenance of cost records under Section 209(1 )(d) of the
Companies Act, 1956 in respect of the activities of the Company.

9. (a) According to the records of the Company and information and explanations provided to us, the provisions of Employees
Provident Fund, Employees' State Insurance Fund are yet not applicable to the Company and the Company has been
regular in depositing the undisputed statutory dues including Investor Education and Protection Fund, Income tax,
Sales tax, Wealth tax, Service tax, Custom Duty, Excise Duty and other statutory dues applicable to it with the appropriate
authorities.
(b) According to the records of the Company and information and explanations given to us, no disputed demands outstanding
against the Company in respect of Income tax, Sales tax, Wealth tax, Service tax, Custom duty, Excise duty etc.

10. According to the records of the Company and information and explanations given to us the Company has not accumulated
losses more than 50% of net worth as at the end of the financial year. Also, the Company has not incurred cash losses
during the current financial year and the immediately preceding financial year.

11. Based on our audit procedures and the information and explanations given by the management, we are of the opinion that
the Company does not have any outstanding dues of any financial institution or bank or debenture holder.
 Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ltd.)

12. According to the information and explanations given to us, the Company has not granted any loans and advances on the
basis of security by way of pledge of shares, debentures and other securities.

13. In our opinion and according to the information and explanations provided to us, the nature of activities of the Company does
not attract any special statute applicable to Chit Fund, Nidhi or Mutual Fund/ Societies.

14. Based on the records examined by us and according to the information and explanations given to us, we are of the opinion
that the Company has maintained proper records for transactions and contracts and timely entries are made in such record.
Further, the Company is holding all the investments in its own name.

15. According to the information and explanations given to us , the Company has not given any guarantee for loans taken by
other from banks or financial institutions.

16. According to the information and explanations given to us, the term loan raised during the year has been applied for the
purpose for which they were raised.

17. According to the information and explanations given to us and records examined by us, the funds raised on short-term basis
have not been used for long-term investment.

18. The Company, during the year has not made any preferential allotment of shares to parties and companies covered in the
Register maintained under Section 301 of the Act.

19. According to records examined by us and the information and explanations given to us, the Company has not issued any
debentures.

20. The Company has not raised any money through a public issue during the year.

2 1 . To the best of our knowledge and belief and according to the information and explanations given by the management, no
fraud on or by the Company was noticed or reported during the course of our audit.

For RAMESH SOMANI & CO.

Chartered Accountants .

RAMESH C. SOMANI
lh
Delhi, 30 day of June, 2008 Proprietor
Membership No. 75100

( 1 6 T H A N N U A L REPORT^
 Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ltd.)

BALANCE SHEET AS AT 31 ST MARCH. 2008

Schedule 31st March, 2008 31st March, 2007

Particulars
No. Rupees Rupees Rupees Rupees
SOURCES OF FUNDS
(1) Shareholders' Funds
(a) Share Capital 30,092,000.00 30,092,000.00
(b) Reserve & Surplus 4,582,669.39 4,398,505.90
(2) Loan Funds
Secured Loans 43,718.71 109,689.05

TOTAL 34,718,388.10 34,600,194.95

APLICATION OF FUNDS
(1) Fixed Assets
(a) Gross Block 1,555,380.25 4,579,220.25
(b) Less- Depreciation 889,457.05 756,787.85

(c) Net Block 665,923.20 3,822,432.40

(d) Work In Progress 9,744,564.88
(2) Invesment 3,050,000.00 3,600,000.00
(3) Current Assets Loans & Advances
(a) Inventories 6 701,838.35 823,274.65
(b) Sundry Debtors 7 341,437.96 341,437.96
(c) Cash & Bank Balances 8 1,235,469.44 1,868,957.65
(d) Other current Assets 9 18,715,714.00 19,177,228.00
(e) Loans & Advances 10 13,417,554.93 16,988,207.93

TOTAL CURRENT ASSETS 34,412,014.68 39,199,106.19

Less: Current Liabilities & Provisions
(a) Current Liabilities 11 2,957,729.78 21,316,403.52
(b) Provission 12 382,392.00 369,360.00

NET CURRENT ASSETS 31,071,892.90 17,513,342.67

Deferred Tax Liability (69,428.00) (80,145.00)

TOTAL 34,718,388.10 34,600,194.95

As per our report of even date attached For and on behalf of the Board

For RAMESH SOMANI & CO.

Chartered Accountants ASHOK KUMAR GADIYA Chairman

(RAMESH C. SOMANI) ASHOK KUMAR SINGHAL Director

Proprietor
Membership No. 75100

Delhi, 30th day of June, 2008

{"16TH ANNUAL REPORT.

 Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ltd.)

PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED ON 31ST MARCH. 2008

Schedule 31st March, 2008 31st March, 2007

Particulars
No. Rupees Rupees

REVENUE
Turnover 266,836,542.10 269,172,100.70
Income From Financial Services 250,584.00 213,756.00
Miscellaneous Income 13 275,616.55 292,761.00
Closing Stock 701,838.35 823,274.65

TOTAL 268,064,581.00 270,501,892.35

EXPENDITURE
Opening Stock 823,274.65 147,634.35
Purchase 265,659,644.00 268,820,463.56
Administrative & General Expenses 14 1,367,795.72 1,313,591.33
Financial Expenses 15 9,773.94 20,101.80
Depreciation 4 132,669.20 132,669.20

TOTAL 267,993,157.51 270,434,460.24

Profit Before Tax 71,423.49 67,432.11

Less: Provision For Taxation 55,639.00 58,015.00

Add: Income Tax For Earlier Years 157,662.00 29,158.00

Profit After Tax 173,446.49 (19,740.89)

Balance In P&L account b/d 4,398,505.90 4,407,061.79

Add: Deferred tax Liability Earliers Years reversed back 10,717.00 11,185.00

Balance Carried To Balance Sheet 4,582,669.39 4,398,505.90

Notes to the Accounts 16

As per our report of even date attached For and on behalf of the Board

For RAMESH SOMANI & CO.

Chartered Accountants ASHOK KUMAR GADIYA Chairman

(RAMESH C. SOMANI) ASHOK KUMAR SINGHAL Director

Proprietor
Membership No. 75100

Delhi, 30th day of June, 2008

( 1 6 T H ANNUAL REPORT
 Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ltd.)

SCHEDULE 1 TO 16 ANNEXED TO AND FORMING PART OF THE ACCOUNTS

FOR THE PERIOD ENDED 31 ST MARCH, 2008

31st March, 2008 31st March, 2007

Particulars
Rupees Rupees

SCHEDULE -1 : SHARE CAPITAL

Authorised
6500000 (Previous Year 6500000)
Equity Shares of Rs 10/-Each 65,000,000.00 65,000,000.00

Issued Subscribed & Paid Up

3009200 (Previous Year 3009200)
Equity Shares of Rs 10/- Each 30,092,000.00 30,092,000.00

30,092,000.00 30,092,000.00

SCHEDULE-2 : RESERVE & SURPLUS

Profit & Loss Account 4,582,669.39 4,398,505.90

4,582,669.39 4,398,505.90

SCHEDULE- 3: SECURED LOAN

ICICI-Bank (agst. hyp. of Maruti 800) 43,718.71 109,689.05

43,718.71 109,689.05

S C H E D U L E - 4: F I X E D A S S E T S
GROSS BLOCK DEPRECIATION NET BLOCK

Values Add./(Deln.) Total Rate Up to For the Up t o As on As on

PARTICULARS as on during the as on of 31.03.2007 year 31.03.2008 31.03.2008 31.03.2008
01.04.2007 year 31.03.2008 Dep.

—
Land

Car
3,023,840.00

1,352,467.00
(3,023,840.00)
-
1,352,467.00 -
9.5 -
695,220.35 128,481.20 723,701.55-
3,023,840.00

757,246.65 -
628,765.45

Cellular P h o n e 29,063.25 - 29,063.25 4.75 29,063.25 29,063.25

C o m p u t e r s & Printer 85,650.00 -

- 85,650.00 16.21 85,650.00 - 85,650.00 - -
EPABX 33,000.00 33,000.00 4.75 17,796.00 1,567.00 - 19,363.00 -
15,204.00 -
13,637.00

Fax

Air Conditioner
24,960.00

30,240.00
-- 24,960.00

30,240.00
4.75

4.75
13,737.50

15,320.75
1,185.00

1,436.00
14,922.50

16,756.75
11,222.50

14,919.25
10,037.50

13,483.25

Total 4,579,220.25
-
(3,023,840.00) 1,555,380.25 756,787.85 132,669.20 889,457.05 3,822,432.40 665,923.20

Previous Year 4,579,220.25

- 4,579,220.25 624,118.65 132,669.20 756,787.85 3,955,101.60 3,822,432.40

-( 16TH ANNUAL REPORT 17 ^

 Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ltd.)

SCHEDULE - 5 : INVESTMENTS (AT COST)

FdCG No. of 31st March, 2008 No. of 31st March, 2007

Company Name Value Shares Rupees Shares Rupees
Unquoted
Charbhujaji Marbles P Ltd 10 0 0.00 55,000 550,000.00
Nigania Polymers P Ltd 10 15,000 150,000.00 15,000 150,000.00
Kamdhenu Foods Ltd 10 50,000 500,000.00 50,000 500,000.00
Ram Ratan Kashi Ram P Ltd 10 50,000 500,000.00 5,000 500,000.00
Care & Cure Internatioanal Limited 10 20,000 200,000.00 20,000 200,000.00
Playway Resorts P Ltd 10 100,000 1,000,000.00 100000 1,000,000.00
Mewar lnfoline.com P. Ltd. 10 70,000 700,000.00 70,000 700,000.00

TOTAL 3,050,000.00 3,600,000.00

SCHEDULE- 6 : INVENTORIES
Valued At Cost Or Market Price Which Ever Is Low
Share & Securities 701,838.35 823,274.65

701,838.35 823,274.65

SCHEDULE -7: SUNDRY DEBTORS

More Than Six Months 341,437.96 311,561.00
Others - 29,876.96

341,437.96 341,437.96

SCHEDULE- 8: C A S H & BANK B A L A N C E S

Cash In Hand 325,300.48 561,145.48
(As Certified By Management)
Balance With Scheduled Bank 910,168.96 1,307,812.17

1,235,469.44 1,868,957.65

SCHEDULE- 9: OTHER CURRENT ASSETS

Miscellaneous Current Assets 15,714.00 214,899.00
Share Application money 6,700,000.00 18,962,329.00
Mewar Developers (P) Ltd. 12,000,000.00 —

18,715,714.00 19,177,228.00

SCHEDULE-10: LOANS & ADVANCES

Receivable In Cash Or Kind 10,946,499.35 14,767,736.35
Short Term Loan 1,712,745.58 1,462,161.58
Tax Deducted At Source 758,310.00 758,310.00

13,417,554.93 16,988,207.93

1
I
I1PDi T1 I nI A MMIIAI
M W I N U M U
nrPflRT
n t r \ J X \ 1 ...
 Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ltd.)

Particulars 31st March, 2008 31st March, 2007

Rupees Rupees

SCHEDULE-11: C U R R E N T LIABILITIES
Sundry Creditors 699,916.44 700,397.87
Expenses Payable 71,238.34 64,588.94
Other Current Liabilities 2,186,575.00 20,551,416.71

2,957,729.78 21,316,403.52

SCHEDULE-12: PROVISIONS
Income Tax FY 2004-2005 28,443.00 28,443.00
Income Tax FY 2005-2006 282,902.00 282,902.00
Income Tax FY 2006-2007 15,408.00 58,015.00
Income Tax FY 2007-2008 55,639.00 —
382,392.00 369,360.00

SCHEDULE-13: MISCELLANEOUS INCOME

Consultancy Income — 197,500.00
Profit on Sale of Property 231,595.12 —
Other Misc. Income 2,989.43 5,724.00
Insurance Claim 41,032.00 —
Interest on FDR — 89,537.00

275,616.55 292,761.00

S C H E D U L E - 1 4 : A D M I N I S T R A T I V E & G E N . EXP.
Salaries 804,575.00 784,200.00
Telephone Expenses 45,571.00 50,007.00
Car Running Expenses 51,958.00 176,892.00
Share Transfer Charges 20,224.80 20,019.60
Printing & Stationery 31,205.00 27,073.00
Conveyance Expenses 29,424.00 26,043.00
Tea & Snacks to Staff 20,370.00 20,081.00
Postage & Telegram 23,144.00 17,970.00
Audit Fee 16,854.00 16,836.00
Miscellaneous Expenses 28,920.56 31,299.91
General Repair & Maintenance 22,968.00 18,479.00
Advertisement & Publicity 19,035.00 18,765.00
Books & Periodicals 19,865.00 15,373.00
Tour & Travelling 21,253.00 19,132.00
AGM Expenses 14,970.00 15,230.00
Filing Fee 1,000.00 1,500.00
Legal & Professional Charges 160,931.73 21,916.82
Electricity & Water Charges 10,732.00 11,549.00
Insurance 24,794.00 21,225.00
Short/Excess 0.63 —
1,367,795.72 1,313,591.33

S C H E D U L E -15 : F I N A N C I A L C H A R G E S
Bank Charges 3,279.88 2,691.96
Interest on Car Loan 6,494.06 17,409.84

9,773.94 20,101.80

| 1 R T H AKIMIIAI R F P D R T 19 ^
-
^ I D I n MINIMUML. n c r ^ v i n i 1
J9
 — Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ltd.)

SCHEDULE-16 : NOTES TO THE A C C O U N T S

1. MAJOR ACCOUNTING POLICIES :
(a) Accounting Convention :
The Accounts have been prepared on historical cost basis and in accordance with the generally accepted accounting
principles. The mercantile system of accounting is followed for recognition of income and expenditures.
(b) Fixed Assets:
Fixed assets are capitalised at cost inclusive of installation and related expenses thereto less depreciation.
(c) Depreciation :
Depreciation on fixed assets has been provided on straight-line method as per schedule XIV of Companies Act 1956.
(d) Investments :
All investments are valued at cost. Dividends on investments are accounted for on receipt basis.-
(e) Deferred taxation :
Deferred tax is recognised on timing difference, being the difference resulting from the recognition of items in the
financial statements and in estimating then for current income tax provision.
(f) Inventories:
Valuation of stock in trade :- Stock is valued at cost or market price whichever is less.
(g) Amortisation of Expenses :
The preliminary expenses and expenses on issue of shares have been amortised over a period of ten years in equal
installments from the year of its occurrence.
(h) Prior period Adjustments :
Adjustments of identifiable items of income and expenditure pertaining to the prior period are accounted through "prior
period adjustments account".

2. Notes to accounts :
(a) During the year Rs. 55,639/- has been provided on account of income tax including FBT liability. (Previous year Rs
58,015/-)
(b) There is no contingent liability during the year (Previous year NIL)
(c) The company had interest for 1/3rd share in property situated at Kilokari Village, Delhi. The said property/building was
first demolished partly and then sealed by Municipal Corporation of Delhi (MCD) on 08-11-2006 stating unauthorized
development and its use and is still lying sealed. Due to said sorry state of affairs and to unlock the blocked funds, the
management decided to dispose off the interest in the said property and finally sold it in March 2008 on as it is where
is basis. Necessary conveyance deed in favour of buyers will be executed in due course.
(d) Estimated amount of contracts remaining to be executed on capital account and not provided are Nil.
(e) Figure of previous year has been regrouped or rearranged wherever deemed necessary.
(f) In the opinion of the directors, current assets, loans and advances have the value on which they are stated in the
balance sheet, realised in the ordinary course of business.
(g Additional information pursuant to paragraph 3 & 4 of Part II of Schedule VI to the Companies Act, 1956 :
(i) Quantitative Details of Stock for the year are given as follows :
„ . , Current Year Previous Year
Particulars
Quantity Amount (Rs.) Quantity Amount (Rs.)
Opening Stock:
Shares 8,170 8,23,274.65 5,780 1,47,634.35
Commodities — — —- —

8,170 8,23,274.65 5,780 1,47,634.35

Purchase :
Shares 213 2,130.00 12,964 51,34,463.56
Commodities 5,40,200 26,56,57,514.00 40,900 26,36,86,000.00

5,40,413 26,56,59,644.00 53,864 26,88,20,463.56

Current Year Previous Year

 Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ltd.)

Particulars
Quantity Amount (Rs.) Quantity Amount (Rs.)
Sales:
Shares — — 10,574 43,44,350.70
Commodities 5,40,200 26,68,36,542.10 40,900 26,48,27,750.00
5,40,200 26,68,36,542.10 51,474 26,91,72,100.70
Closing Stock :
Shares 8,383 7,01,838.35 8,170 8,23,274.65
Commodities — — — —
8,383 7,01,838.35 8,170 8,23,274.65

(II) C.I.F. Value of Imports : NIL

(III) Expenditure in Foreign Currency : NIL
Accounting Standards
(i) No provision in respect of retirement benefits has been made during the year, as the company does not have any
outstanding liability in respect of retirement benefits. (Previous Year N I L )
(ii) The Company has remained engaged in single line of activity during the year. Accordingly the disclosure towards
segmental reporting as prescribed under Accounting Standard-17 of ICAI has not been furnished.
(iii) Related Party Disclosures as per Accounting Standard 1 8 :
I. Related Party and their relationship
Name of related party Nature of relationship
M/s Charbhujaji Marbles Private Limited Associate Company
M/s Mewar Developers Pvt. Ltd. Associate Company
II. Material Transactions with Related Parties : NIL
Mewar Developers Pvt. Ltd. 130,00,000/-
III. Outstanding at the end of the year 2007-08 2006-07
Investments in Charbhujaji Marbles Private Limited NIL Rs.5,50,000/-
Share Application Money with
Charbhujaji Marbles Private Limited NIL Rs.30,75,000A
Mewar Developers Pvt. Ltd. 120,00,000/- NIL
(iv) Earning per share as per Accounting Standard 20: Basic and diluted earning per share for the year is Rs.
0.06 (Previous Year NIL).
(v) Accounting Standard 22 : "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of
India has been complied with and the relevant liability has been created and reverse effect for timing difference
has also been accounted for from the balance of deferred tax liability in earlier years.
Net Deferred Tax Liability arising due to :
Particulars 2007-08 2006-07
Depreciationupto date Rs.69,428 Rs.80,145
Payment to Auditors 2007-08 2006-07
Rs. Rs.
Audit Fees 12,000.00 12,000.00
Tax Audit Fees 3,000.00 3,000.00
Service Tax 1,854.00 1,836.00
16,854.00 16,836.00

As per our report of even date attached For and on behalf of the Board
For RAMESH SOMANI & CO.
Chartered Accountants ASHOK KUMAR GADIYA Chairman
(RAMESH C. SOMANI) ASHOK KUMAR SINGHAL Director
Proprietor
Membership No. 75100
Delhi, 30th day of June, 2008

- ( 16TH ANNUAL REPORT ZI^T)-

 — Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ltd.)

C A S H F L O W S T A T E M E N T FOR T H E Y E A R E N D E D 3 1 S T M A R C H . 2 0 0 8
Amount in Rs. Lacs
Particulars Current Year Previous Year
A. CASH FLOW FROM OPERATING ACTIVITIES
Net Profit Before Tax 0.71 0.67
Adjustment for:
Depreciation 1.33 1.33
Preliminary Expenses Written off — —
Profit on Sale of Fixed Asset (2.32) —
Interest Income (2.51)
Interest Expenses 0.06 0.17
Operating Profit Before Working Capital Change (2.73) 2.17
Adjustment for:
(IncreaseVDecrease in Trade & Other Receivables — (0.30)
(Increasej/Decrease in Inventories 1.21 (6.76)
(lncrease)/Decrease in Current Assets 4.62 (132.65)
(Increasej/Decrease in Loans & Advances 35.71 29.18
lncrease/(Decrease) in Current Liabilities (183.56) 87.12
CASH GENERATED FROM OPERATION (144.75) (21.23)
Direct Tax Paid / Refund / Adjustments 1.12 (0.29)
NET CASH USED IN OPERATING ACTIVITIES (143.63) (21.52)
CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Fixed Assets — —
Purchase of Investment — —
Sale of Fixed Assets 130.00 —
Sale of Investments 5.50
WIP — (2.75)
Interest Received 2.51 —
Interest Paid (0.06) (0.17)
NET CASH FROM INVESTMENT ACTIVITIES 137.95 (2.92)
CASH FLOW FROM FINANCING ACTIVITIES
Net Proceeds from Long Term Borrowings
Net Payment towards Long term Borrowings (0.66) (2.31)
Net Proceeds from issue of Share Capital — —
NET CASH FROM FINANCING ACTIVITIES (0.66) (2.31)
Net lncrease/(Decrease) in Cash and Cash Equivalent (A+B+C) (6.34) (26.75)
Cash & Cash Equivalents (Opening Balance) 18.69 45.44
Cash & Cash Equivalent (Closing Balance) 12.35 18.69
On behalf of the Board
For BRAHMAPUTRA INFRAPROJECT LTD.

ASHOK KUMAR GADIYA

Delhi, 30th day of September, 2008 Chairman
AUDITOR'S CERTIFICATE
We have checked the above cash flow statement of BRAHMAPUTRA INFRAPROJECT LTD. derived from the audited Financial
Statements for the year ended 31 st March, 2008 with the books and records maintained in the ordinary course of business and found
the same to be in accordance therewith.
For RAMESH SOMANI & CO.
Chartered Accountants
(RAMESH C. SOMANI)
Delhi, 30th day of June, 2008 . Proprietor
Membership No. 75100

•( 16TH ANNUAL REPORT

 Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ltd.)

B A L A N C E S H E E T A B S T R A C T A N D C O M P A N Y ' S G E N E R A L B U S I N E S S PROFILE
1. REGISTRATION DETAILS
Registration No. L65910DL1992PLC048613
Balance Sheet Date 31.03.2008

CAPITAL RAISED DURING THE YEAR (AMOUNT IN RS. THOUSAND)

Public Issue Right Issue
NIL NIL
Bonus Issue Private Placement
NIL NIL

3. POSITIONS OF MOBILIZATION AND DEPLOYMENT OF FUNDS (AMOUNT IN RS. THOUSAND)

Total Liabilities Total Assets
34,718 34,718
Sources of Funds
Paid-up Capital Reserves & Surplus
30,092 4,583
Secured Loan Unsecured Loan
44 NIL
Application of Funds
Net Fixed Assets Investment
666 3,050
Net Current Assets Misc. Expenditure (Net)
31,072 NIL
Accumulated Losses
NIL

PERFORMANCE OF THE COMPANY (AMOUNT IN RS. THOUSAND)

Turnover Total Expenditure
2,67,664 2,67,170
Profit /(Loss) before Tax Profit/(Loss) after Tax
71 173
Earning per share in Rs. Dividend Rate %
0.06 NIL

5. GENERIC NAMES OF THREE PRINCIPAL PRODUCTS/SERVICES OF COMPANY (AS PER MONETARY TERMS)
1. Service Description Diversified Activities
Code No. NA
2. Seivice Description NA
Code No. NA

( 1 6 T H ANNUAL REPORT
 Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ltd.)
Regd. Office: 4117, Isf Floor, Naya Bazar, Delhi-110 006.

PROXY FORM

Folio No. / Cleinf ID No No. of equity shares held

I/We of in the district

of being a Member/Members of the above Company hereby

appoint Sh./Smt of

in the district of. or failing him her ShVSmt of......

in the district of as my/our proxy to vote for me/us on my/our behalf at the 16th Annual

General Meeting of the Company to be held on Monday, the 29th day of September, 2008 at 9.30 A.M. at the Registered Office of the
Company i.e. 4117,1st Floor, Naya Bazar, Delhi-110006 and any adjournment thereof.
Affix a
Signed this day of 2008. Revenue
Stamp
Signature

Note : The form should be signed across the stamp as per specimen signature registered with the Company. The proxy form
must reach the Registered Office of the Company not less than 48 hours before the time fixed for holding the aforesaid
meeting.

TearHere
K >i
Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ltd.)
Regd. Office: 4117,1st Floor, Naya Bazar, Delhi - 1 1 0 006.

ATTENDANCE SLIP

PLEASE COMPLETE THIS ATTENDANCE SLIP AND HAND IT OVER AT THE ENTRANCE OF THE MEETING HALL.

Folio NoVCIeint ID No No. of equity shares held.

Name of the Member.

(in block letters)

Name of the Proxy.

(if any)

I hereby record my presence at the Annual General Meeting of the Company held on 2:9th day of September, 2008.

Signature of the Member/Proxy

Admission slips without this information will not be accepted.
No Gift/Gifts coupons will be provided to the members.
 BOOK POST

I
O

S
i

If undelivered, please return to:-

Brahmaputra Infraproject Ltd.
(Formerly known as Mewar Industries Ltd.)
Regd. Office: 4117,1st Floor, Naya Bazar, Delhi-110006.