The Members,
 
 Radha Madhav Corporation Limited,
 
 Dear Sir/Madam
 
 The Directors have pleasure in presenting the Seventh Annual Report
 together with the Audited Accounts for the year ended on 31st March,
 2011.
 
 FINANCIAL RESULTS
 
                                            31.3.2011     31.3.2010
                                            Rs. In Lacs   Rs. In Lacs
 
 Sales and other Operational Income          11463.73      16410.54
 
 Profit (Loss) before Interest & Depreciation(1823.57)     (1412.87)
 
 Less: Interest                               2173.76       2036.37
 
 Less: Depreciation                           1369.68       1317.01
 
 Profit After Depreciation & before Tax      (5367.01)     (4766.25)
 
 Provision of Tax of earlier year and wealth Tax10.97         28.28
 
 Profit /(Loss) after tax                    (5377.98)     (4794.53)
 
 OPERATIONS
 
 The losses stated above is due to low capacity utilization due to
 liquidity crunch and trying to establish new products with new
 cliental. The management is trying their best to coming out current
 situation.
 
 FINANCE
 
 The Company has availed additional credit facilities from State Bank of
 India and Bank of Baroda. The performance of the last two years has led
 to significance liquidity pressure in the long term sources.
 
 DEPOSITS:
 
 The Company has not accepted Deposits within the meaning of section 58A
 of the Companies Act 1956.
 
 DIRECTORS
 
 In accordance with the requirements of the Companies Act 1956, Mr.
 Abhishek Agarwal, Mr. Kanubhai Patel and Mr. Binod Kumar Paliwal will
 retire by rotation and, being eligible, has offered themselves for
 re-appointment and Mr. S.P. Aggarwal has resigned from Directorship
 during the year.
 
 AUDITORS:
 
 The present Auditors of the Company M/s, H. P. Shah Associates,
 Chartered Accountants, Vapi, will retire at the conclusion of ensuing
 Annual General Meeting and being eligible; offer, themselves for
 re-appointment to hold the office till the conclusion of next Annual
 General Meeting.
 
 They have submitted certificate for their eligibility for reappointment
 under section 224(1 B) of the Companies Act, 1956.
 
 The Auditors have confirmed that they have subjected themselves to the
 peer review process of the institute of Chartered Accountants of India
 (ICAI) and holds a valid certificate issued by the Peer Review Board of
 the ICAI.
 
 AUDIT COMMITTEE:
 
 The Board of Directors constituted an Audit Committee as per the
 existing clause 49 of the Listing Agreements entered into with Stock
 Exchanges and in terms of Section 292(A) of the Companies Act, 1956.
 
 CORPORATE GOVERNANCE:
 
 A Separate section on Corporate Governance, Management discussion and
 Analysis and a Certificate from Company''s Auditors regarding compliance
 of the conditions of the corporate governance as stipulated under
 clause 49 of the Listing Agreements with the Stock Exchanges forms part
 of this Annual Report.
 
 Certificate of CEO and CFO, inter alia, confirming the correctness of
 the financial statements, adequacy of the internal measures and
 reporting of matters to the audit committee in terms of the clause 49
 of the listing agreed on with stock Exchanges, is also attached as a
 part of this Annual Report.
 
 INSURANCE
 
 All the properties of your Company including Factory, Building, Plant &
 Machinery, stock etc., are adequately insured.
 
 PARTICULARS OF EMPLOYEES
 
 None of the employees of the Company was paid remuneration of Rs.
 60,00,000/- p.a. or more for the year or Rs. 5,00,000/- p.m. or more
 and hence the information required under section 217 (2-A) of the
 Companies (Particulars of Employees) Rules, 1975 is not required to be
 given.
 
 TECHNOLOGY ABSORPTION:
 
 The technology required for the industry is available indigenously.
 
 Most of the foreign exchange lot Purchase of Capital Goods,
 Spares parts and Raw Materials for the Company.
 
 DIRECTORS'' RESPONSIBILITY STATEMENT:
 
 Your Directors confirm:
 
 i) That in the preparation of the annual accounts, the applicable
 accounting standards had been followed and that no material departures
 have been made from the same.
 
 ii) That they had selected such accounting policies and applied them
 consistently and 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 at the financial year ended 31st March, 2011 and of the
 profit or loss of the company for that period.
 
 iii) That they had taken proper and sufficient care for the maintenance
 of adequate accounting records in accordance with the provisions of
 this Act for safeguarding the assets of the Company and for presenting
 and detecting fraud and other irregularities.
 
 iv) That they had prepared the annual accounts on a going concern
 basis.
 
 APPRECIATION
 
 The Directors take this opportunity to express their appreciation for
 continued co-operation and assistance extended by Investors, Government
 Authorities, Bankers, Suppliers and Customers. Your Directors look
 forward to their continued support. Last but not the least, your
 Directors also sincerely acknowledge the significant contributions made
 by the devoted workers, staff and executives for their dedicated
 services to the Company.
 
                                    For and on Behalf of the Board
  
                                                           Sd/-
 
                                                      Anil Agarwal
                                                          Chairman
 
 Place : Daman
 
 Dated : 27th May, 2011