Dear Members,
 
 The Directors hereby submit the 20th Annual Report of your Company
 together with the Audited Accounts for the year ended 31st March, 2011.
 
 FINANCIAL RESULTS:
 
 					  Current         Previous
 Particulars                            Year Ended       Year Ended
 				       31.03.2011       31.03.2010
 
 
 Sales and Other Income               1,03,756,492       77,565,974
 
 Expenditure                          1,05,070,523       79,287,395
 
 Profit/(Loss) after tax for the 
 year                                   (13,14,031)      (17,21,421)
 
 Profit/(Loss) Brought forward from
 prevoius year                       (1,37,826,810)   (1,36,105,389)
 
 Profit or (Loss) carried forward to
 Balance sheet                       (1,39,140,840)   (1,37,826,810)
 
 
 FINANCIAL REVIEW :
 
 Total Revenue has been increased by Rs. 261.90 Lakhs from Rs. 775.65
 lakhs to Rs 1,037.56 lakhs. PBIDT increase from Rs.22.28 lakhs to Rs
 26.81 lakhs. Net Profit decreased from Rs (17.21)lakhs to Rs.
 (13.14)lakhs due to the adverse market conditions
 
 DIRECTORS :
 
 In accordance with the Companies Act, 1956 read with the Articles of
 Association of the Company Mr. K. Narsi Reddy is retiring by rotation
 at this Annual General Meeting and being eligible offers himself for
 reappointment. Your Board recommends for his re-appointment.
 
 During the year Mr. M. Srinivas Reddy resigned from the Board. The
 Board placed its sincere appreciation for the services rendered by him
 during his tenure as director.
 
 DIVIDEND :
 
 Your Directors do not recommend dividend for the year 2010-11.
 
 PUBLIC DEPOSITS :
 
 During the year under review, your company has neither invited nor
 accepted any deposits from the public within the meaning of Sec. 58A of
 the Companies Act, 1956 read with the Companies (Acceptance of
 Deposits) Rules, during the financial year under review.
 
 AUDITORS :
 
 M/s.M.M.Reddy & Co., Chartered Accountants, Hyderabad, the Statutory
 Auditors of the Company retire at this Annual General Meeting and are
 eligible for reappointment. They have signified their willingness for
 reappointment and have confirmed their eligibility under Section 224
 (1B) of the Companies Act, 1956.
 
 PARTICULARS OF EMPLOYEES :
 
 During the year under review, no employee of the company was in receipt
 of remuneration attracting the provisions of Section 217 (2A) of the
 Companies Act, 1956, read with the Companies (Particulars of Employees)
 Rules, 1975 as amended.
 
 During the year under review, industrial relations of the company
 continued to be cordial and peaceful.
 
 DIRECTORS RESPONSIBILITY STATEMENT :
 
 Pursuant to the requirement of Section 217(2AA) of the Companies Act,
 1956 with respect to the Directors Responsibility Statement, your
 Directors wish to 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, if any:
 
 2.  Such accounting policies have been selected and applied
 consistently and judgments and estimates are made that 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 the financial year and of the profit and
 loss of the company for that period.
 
 3.  Proper and sufficient care 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 any fraud or other irregularities has been
 taken.
 
 4.  Accounts for the financial year ended on 31st March, 2011 are
 prepared on a going concern basis.
 
 ENERGY CONSERVATION TECHNOLOGY ABSORPTION : 
 
 Information pursuant to Section 217(1)(e) of the Companies Act, 1956
 read with Companies (Disclosure of particulars in the Report of Board
 of Directors) Rules,1988 - NIL
 
 LISTING :
 
 The Shares of the company are listed on Bombay Stock Exchange.
 
 DEMATERIALISATION OF SHARES :
 
 Since the net worth of the company has been eroded fully, NSDL & CDSL
 are not admitting the shares for demat mode.
 
 MANAGEMENT''S DISCUSSION AND ANALYSIS :
 
 As required by Clause 49 of the Listing Agreement with the Stock
 Exchanges, the Management''s discussion and Analysis Report is enclosed
 as a part of this Report as Annexure -1.
 
 CORPORATE GOVERNANCE :
 
 In accordance with Clause 49 of the Listing Agreement, a report on
 Corporate Governance is annexed herewith as Annexure-2
 
 ACKNOWLEDGEMENTS :
 
 Your Directors wish to express their thanks for the guidance and
 assistance received from various departments of State and Central
 Government and Bankers.  Your Directors also wish to thank all the
 Shareholders for their confidence reposed in the Company.
 
 
                                   For and on behalf of the Board of
 
                                    Ravileela Dairy Products Limited
 
 Place :  Shameerpet Mondal                     J. Madan Mohan Reddy
 
 Date  :  02.09.2011                               Managing Director