Directors Report of Suryodaya Allo-Metal Powders Ltd.

Mar 31, 2011

The Directors have pleasure in presenting the 18th Annual Report and audited statement of accounts of the Company for the Year ended 31st March, 2011.

FINANCIAL RESULTS:

Rs. Lacs Particulars For The Year Ended For The Year Ended 31.3.2011 31.03.2010

Sales & Other Income 9783.72 2.42 Profit /(Loss) before Depreciation 15.14 0.55

Depreciation NIL NIL

Profit/(Loss) before Taxes 15.14 0.10 Provision for Taxation 5.20 NIL

Profit /(Loss) after Taxes 9.94 0.10

Balance 533.67 NIL

Balance brought forward from previous 543.61 NIL year Profit Available for Appropriations

Proposed Appropriations:

I} Special Reserve Fund NIL NIL

Ii} Balance Carried to Balance Sheet NIL NIL

OPERATIONS

The company during the year had carried out certain trading operation and rendered services for its earnings. The funds of the company have been deployed to earn reasonable return with minimum risk. The company operational results are attached to the accounts.

FUTURE OUTLOOK

The company is making efforts to commerce new activities during the year. The company decide to operate the activity of trading and rendering of services in the current Year.

DIVIDEND

With a view to conserve the resources of the Company the Board of Directors have not recommended any dividend for the year ended 31st March 2011.

DEPOSITS

Your company has not accepted any deposit from the public during the year under report.

DIRECTORS

Mrs. Pushpa Sonawani and Mr. Sanjay Sonawani Directors of the Company retire by rotation and being eligible offer themselves for re-appointment.

AUDITORS

Messrs. K. Sampat & Co., Chartered Accountants, the retiring Auditors have not sought reappointment. It has been proposed to appoint Messrs. AMD & Company, Chartered Accountants as Auditors of the Company. The Company has received a Certificate from them that they are qualified under Section 224 (1) of the Companies Act, 1956 for appointment as Auditors of the Company. Members are requested to consider their appointment at a remuneration to be decided by the Board of Directors for the financial year ending March 31, 2011 as set out in the Notice convening the Meeting.

AUDITORS REMARKS

The remarks of the auditors are self explanatory in nature and need no further clarification.

STATUTORY INFORMATION

The company having appointed one employee in the current Year, particulars of employees as required under Section 217(2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees)) Rules, 1975.

CORPORATE GOVERNANCE

The company thought not yet mandatory require to comply with provisions laid down in the Listing Agreement on corporate governance, has adhered to strict levels of corporate governance and management.

DIRECTOR'S RESPONSIBILITY STATEMENT

Pursuant to Section 217(2AA) of the Companies Act, 1956 the Directors confirm that:

1] In the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanations relating to material departures.

2] Appropriate accounting policies have been selected and applied consistently and judgments and estimates wherever made are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at the 31st March 2011.

3] 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.

4] The Annual Accounts have been prepared on a going concern basis.

ACKNOWLEDGEMENT

Yours Directors wish to thank the company 's bankers and all other associates, for theirs co- operation and support during the year.

For and on behalf of Board of Directors

For Suryodaya Allo-Metal Powders Limited

Sd/-

Chairman.

Place:- Pune

Date:- 25.08.2011

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Mar 31, 2010

The Directors have pleasure in presenting the 19th Annual Report and audited statement of accounts of the Company for the Year ended 31s1 March, 2010.

FINANCIAL RESULTS:

Rs. Thousand

Particulars For The Year Ended For The Year Ended

31.3.2010 31.03.2009

Sales & Other Income 242600.00 NIL

Profit /(Loss) before Depreciation 55458.00 NIL

Depreciation NIL (2161.00)

Profit/(Loss) before Taxes 10658.00 (309098.00)

Provision for Taxation NIL NIL

Profit/(Loss) after Taxes 10658.00 (309098.00)

Balance NIL NIL

Balance brought forward from previous NIL NIL year

Profit Available for Appropriations

Proposed Appropriations:

l}Special Reserve Fund NIL NIL

li} Balance Carried to Balance Sheet NIL NIL

OPERATIONS

The company during the year had carried out certain trading operation and rendered services for its earnings. The funds of the company have been deployed to earn reasonable return with minimum risk The company operational results are attached to the accounts.

FUTURE OUTLOOK

The company is making efforts to commerce new activities during the year. The company decide to operate the activity of trading and rendering of services.

DIVIDEND

With a view to conserve the resources of the Company the Board of Directors have not recommendec any dividend for the year ended 31st March 2010.

DEPOSITS

Your company has not accepted any deposit from the public during the year under report

DIRECTORS

Mrs. Pushpa Sonawani, Director of the Company retire by rotation and being eligible offer tnemselves for re-appointment.

AUDITORS

M/s. K. Sampath & Co. Chartered Accountant retires at the conclusion of the ensuing Annua! Generai Meeting and being eligible, offer themselves for re-appointment.

AUDITORS REMARKS

The remarks of the auditors are self explanatory in nature and need no further clarification

STATUTORY INFORMATION

The company had no employees, drawing remuneration in excess of the limites laid out under Section 217(2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees)) Rules, 1975.

CORPORATE GOVERNANCE

The company thought not yet mandatory require to comply with provisions laid down in the Listing Agreement on corporate governance, has adhered to strict levels of corporate governance and management.

DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to Section 217(2AA) of the Companies Act. 1956 the Directors confirm that:

1] In the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanations relating to material departures.

2] Appropriate accounting policies have been selected and applied consistently and judgments and estimates wherever made are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at the 31st March 2010.

3] 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.

4] The Annual Accounts have been prepared on a going concern basis

ACKNOWLEDGEMENT

Yours Directors wish to thank the company s bankers and all other associates, for theirs co- operation and support during the year.

For and on behalf of Board of Directors

Chairman.

Place:- Pune

Date-31 07.2010