Thanks to One and all, to be frank I dint even know about AutoIT scripting. Recently i tried to create a simple GUI front end for help desk guys, when I googled it led me directly to AutoIT.
This completely changed the way I look at scripts now.
Also, I was not expecting these many response in such a short time, thank you everyone... You guys Rock.
Regarding the script, 7z.exe does a great job, easy way to copy folder. However is there a way to use something built-in windows component to create Zip (I know Universalist shared the link for that, but it was way to complicated for beginner like me)