DATABASE FINANCE LIMITED ANNUAL REPORT 2003-2004 DIRECTORS REPORT To, The Members Your Directors have pleasure in presenting their 15th Annual Report for the period ended 31st July, 2004 FINANCIAL REPORT During the Year, Company has earned the profit of Rs. 44,482/- DIVIDEND To augment the financial strength of the Company, the profits have been ploughed back and hence your Directors do not recommend any dividend for the current year. DIRECTORS In accordance with the provisions of the Companies Act, 1956 and the Articles of Association of the Company Ms. Supriya Khanna retires by rotation at the Annual Meeting and eligible for re-appointment. PERSONNEL The Provisions of the section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended, does not apply to the Company. CONSERVATION OF ENERGY OF TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTFLOW The provisions of section 217(2A) of the Companies Act, 1956 read with the Companies (Disclosure of particulars in the report of the Board of Directors) Rules 1988 as amended, does not apply to the Company, There was no foreign and outflow during the year under review. AUDITORS M/s. M. A. Darji & Co. Chartered Accountants, the Auditors of the Company retire at the forthcoming Annual General Meeting and being hereby eligible and recommended for appointment. ACKNOWLEDGMENT Your Directors would like to express their appreciation for the Assistance and Co-operation receive from their Advocates & Solicitors, Consultants, Stock Exchange, SEBI, State and Central Government authorities at all level, CBDT Officials, Bankers during the year under review. Your Board of Directors wish to place their appreciation for the sincere and devoted service ended by the executive and staff at all levels of the Company for its Success. For and behalf of the Board of Directors Alice Fernandas Directors Place : Mumbai Date : 23rd September, 2004.