డైరెక్టర్ల నివేదిక Amison Foods Ltd.

Mar 31, 2009

To the Members of Ladies & Gentleman,

The Directors hereby Submit the 22nd Annual Report on the business and operations of the company together with the Audited Statements of Accounts for the year ended 31st March, 2009.

The Company has managed to settle the large liabilities with banks and also the statutory liabilities during the year. Since the major liabilities are cleared, the Management is attempting to find out alternative finance from different sources to build up working capital funds.

We are hopeful that the company will be able to function and start exports once the working capital is raised either from Bank or from other business contacts. At efforts are made on this line

A. CONSERVATION OF ENERGY

The total energy consumption per unit of production. NIL

B. TECHNOLOGY ABSORPTION

During the year under review, the company has not carried on any research and development programme or employed any foreign technology for manufacture.

2. AUDIT COMMITTEE

You are aware, our company is chronically sick. Only tree Directors continue to be on the Board. Under these circumstances, no audit committee is separately appointed but the Board of Directors, directly monitor the business operations periodically.

3. PARTICULARS OF EMPLOYEES

There was no employee during the year under report attracting the requirements of section 217(2A) of the companies Act, 1956 read with the companies (Particulars of employees) Rules, 1975 as amended in 1994.

4. DIRECTORS RESPOSIBILITY STATEMENT: -

Pursuant to the requirement under Section 217 (2AA) of the companies Act, 1956 with respect to Directors Responsibility Statement, it is here by confirmed that:

a) For the preparation of the annual accounts for the financial year 31st March, 2009, the applicable accounting standards have been followed along with proper explanation relating to material departure.

b) The Directors have selected such accounting policies and applied them constantly and made judgments and estimates that are reasonable and prudent so as to give a fair view of the state of affairs of the company at the end of the financial year and of the profit or loss of the company for the year under review.

c) The Directors have taken 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 for preventing and detecting fraud and other irregularities.

d) The Directors have prepared the accounts for the financial year ended 31st March, 2009 on a 'going concern' basis.

5. INDUSTRIAL RELATIONS

During the year, relations among the Executives, Staff and the employees of the company were cordial and your Directors place on record their appreciation for the efficient services rendered by them.

6. ACKNOWLEDGEMENT

Your Directors thank The Federal Bank Limited, State Bank of India, Stock Exchanges, Government Authorities/ Agencies, Customers, Dealers, Suppliers and Shareholders for the co-operation, guidance, support and assistance provided by them during the year under report.

For and behalf of the Board of Directors

Sd/-

Kochi-6 A.H.Mohamed Babu

28th August, 2009 Managing Director/ Chairman

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Mar 31, 2007

To the Members of Ladies & Gentlemen,

The Directors hereby submit the 20th Annual Report on the business and operations of the Company together with the Audited Statements of Accounts for the year ended 31st March, 2007.

The company had managed to settle the large liabilities with Bank and IDBI and also the statutory liabilities by way of selling assets. Now since the major liabilities are cleared, the Management is attempting to find out alternative finance from different sources to build up working capital funds.

We are hopeful that the company will be able to function and start exports once the working capital is raised either from Bank or from other business contacts. All efforts are made on this line.

1. PARTICULARS REGARDING CONSERVATION OF ENERGY & FOREIGN EXCHANGE EARNINGS & OUTFLOW

A.CONSERVATION OF ENERGY

The total energy consumption per unit of production NIL

B. TECHNOLOGY ABSORPTION

During the year under review, the Company has not carried on any research and development programme or employed any foreign technology for manufacture.

2. AUDIT COMMITTEE.

You are aware, our company is chronically sick. Only three Directors continue to be on the Board. Under this circumstances, no audit committee is separately appointed but the Board of Directors, directly monitor the business operations periodically.

3. PARTICULARS OF EMPLOYEES

There was no employee during the year under report attracting the disclosure requirements of Section 217(2 A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 as amended in 1994.

4. DIRECTORS RESPONSIBILITY STATEMENT:-

Pursuant to the requirement under Section 217 (2AA) of the Companies Act, 1956 with respect to Director's Responsibility Statement, it is hereby confirmed that:

a) The preparation of the accounts for financial year ended 31st March, 2007 the applicable accounting standards have been followed along with proper explanation relating to material departures:

b) The directors have selected such accounting policies and applied them consistently and made judgments and estimates that were reasonably prudent so as to give true and fair view of the state of affairs of the company at the end of the financial year and of the profit or loss of the company for the year under review.

c) The directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provision of the Companies Act, 1956 for safeguarding the assets of the Company and preventing and detecting fraud and other irregularities.

d) The Directors have prepared the accounts for the financial year ended 31st March, 2007 on a 'going concern' basis.

e) An internal audit system commensurate with the size and nature of the business exists and is operating effectively.

5. INDUSTRIAL RELATIONS

During the year, relations among the Executives, Staff and the employees of the Company were cordial and your Directors place on record their appreciation for the efficient services rendered by them.

6. ACKNOWLEDGEMENT

Your Directors thank Industrial Development Bank Of India, State Bank of Travancore and other Bankers, Stock Exchanges, Government Authorities/ Agencies, customers, Dealers, suppliers and the Shareholders for the co-operation, guidance, support and assistance provided by them during the year under report.

For and on behalf of the Board of Directors

Sd/-

Cochin - 5 A.H.M. Babu

1st December,2007. Managing Director