డైరెక్టర్ల నివేదిక Kerala Rubber & Reclaims Ltd.

Mar 31, 2009

The Directors present their 45th Annual Report and audited Accounts for the year ended 31.03.2009.

1. Financial Results

The gross income of the company for the year was Rs.512.40 lakhs as against Rs. 485 lakhs for the year ended 31-03-2008.

Rs. in lakhs

After providing for 2008-2009 2007-2008

a) Interest 7.95 8.15

b) Depreciation 2.50 2.30

2. Working Results of the Company

The company produced 2524.35 MT of Reclaimed Rubber during the year as against 2795.89 MT during the previous year.

3. The audited accounts for the year ended 31-03-2009 could not be placed at the Annual General Meeting held on 30.09.2009 as the audit of accounts were not completed as some more vital entries had to be incorporated in the accounts for the year ended 31-03-2009.

M/s. R.G.N. Price & Company, Chartered Accountants, Cochin-682 036 were appointed as Auditors for the year ended 31-03-2010 in the Annual General Meeting held on 30-09-2009.

The audit is completed and the accounts are placed now before you for adoption.

4. Management

Mrs. Shakiela George retired by rotation and she was re-elected as Director in the Annual General Meeting held on 30.09.2009.

5. Employees

The company has maintained generally a cordial relationship with the employees during the year.

The company had no employee in respect of whom information under section 217(2A) of the Companies Act, 1956, as amended, is required to be annexed.

6. Directors Responsibility Statement

Pursuant to the requirement under section 217 (2AA) of the Companies Act, 1956 with respect to Directors Responsibility statement, it is hereby Confirmed:

That in the preparation of the accounts for the financial year ended 31st March, 2009 the applicable accounting standards have been followed along with proper explanation relating to material departures:

(ii) That the Directors have selected such accounting polices and applied them consistenly and made judgements had estimates that were 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 or loss of the Company for the year under review:

(iii) That 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 and for preventing and detecting fraud and other irregularities:

(iv) That the Directors have prepared the accounts for the financial year ended 31st March, 2009 on a going concern basis:

7. Compliance Certificate

Compliance Certificate obtained from the practicing Company Secretary is enclosed,

8. Acknowledgement

The Directors of the Company would like to acknowledge with gratitude, the support, assistance and co-operation from the financial institutions and the Companys bankers.

For and on behalf of the Board of Directors Sd/- Cochin Mrs. Sabina Abraham (Managing Director)

1.10.2009 Mrs. Shakiela George (Jt. M.D.)