Radha Madhav Corporation

The Company has been incorporated on 7th January 2005; with one 
 of the objectives, of acquiring the entire existing running and
 profit 
 making business of three partnership firms namely Metro Poly Prints,
 
 Radha Madhav Industries and Mayura Industries. All the partners of 
 these three firms are also subscribers to the Memorandum and Articles
 
 of Association of our Company. Further, except Mrs. Sulochanadevi 
 Agrawal, all the partners of the firms are directors of our Company.
 The 
 promoters of our Company are Mr. Anil J. Agrawal, Mr. Mitesh Agrawal
 
 and Mr. Abhishek Agrawal.
 
 The Company obtained Certificate of Commencement of Business on 
 24th January 2005 and to initiate the acquisition process of three 
 partnership firms, which were involved in manufacturing of synergetic
 
 and alternative products for packaging, but as separate entities; on
 
 1st of February 2005, our Company entered into partnership with the 
 said three firms as a partner for 10% in Profit & Loss along with the
 
 existing partners i.e. Mr. Mitesh Agrawal (60% share in Profit &
 Loss)
 and Mr. Kanubhai Patel (30% share in Profit & Loss) in Metro Poly
 Prints; 
 Mr. Anil J. Agrawal (45% share in Profit & Loss) and Mrs.
 Sulochanadevi 
 Agrawal (45% share in Profit & Loss) in Radha Madhav Industries and 
 Mr. Anil J. Agrawal (45% share in Profit & Loss) and Mr. Abhishek
 Agrawal (45% share in Profit & Loss) in Mayura Industries.
 
 On 5th March 2005, all other partners of the said partnership firms,
 except 
 our Company, retired and our Company took over all the assets &
 liabilities 
 at a book value aggregating to Rs. 710.07 Lacs and became sole owner
 
 of all the firms namely Metro Poly Prints, Radha Madhav Industries
 and Mayura Industries, which were renamed as Unit I, Unit II and 
 Unit III respectively.
 
 To substantiate the above acquisition, a business valuation of
 erstwhile 
 partnership firms as on date of dissolution i.e. 5th March 2005 was
 carried 
 out by Khimji Kunverji & Co., Chartered Accountants vide their
 Valuation 
 Memorandum dated 7th July 2005. As per the said Valuation Memorandum,
 
 the intrinsic value of the business of Mayura Industries is
 Rs.1162.60 Lacs; 
 Metro Poly Prints is Rs. 195.48 lacs and Radha Madhav Industries is 
 Rs. 190.15 Lacs giving a total value of Rs. 1548.23 Lacs of all the
 business of the firms taken together, against the acquisition cost of
 
 Rs. 710.07 Lacs, which in turn has resulted into an intrinsic benefit
 of 
 Rs. 838.16 Lacs to our Company.
 
 2007 
 
 - Radha Madhav Corporation Ltd has appointed Mr. Serge A Lapointe as
 an Additional Director of the Company.