Directors Report of Asian Flora Ltd.

Mar 31, 2011

The Members, Asian Flora Ltd, Hyderabad.

The Directors have pleasure in presenting the 17th Annual Report together with Audited Statement of Accounts of your Company for the year ended 31st March, 2011.

FINANCIAL RESULTS:

The Financial highlights for the year under review are given below:

(Rs.in lacs)

2010-11 2009-10 (12 mths) (12 mths)

Sales and Other Income (Loans written off) 0.00 65.88

EBIDT -3.22 62.79

Interest 0 0

Depreciation 27.96 27.96

Profit Before Tax -31.18 34.83

Provision for Tax* 0 0

Profit After Tax -31.18 34.83

Net Worth* * (1236.99) (1199.36)

OPERATIONS:

The company has no business activity during the year. The Company is making efforts to get Companies Shares Relisted at BSE.

DIVIDEND:

The Company did not undertake any operations and therefore no dividend for the year 2010- 2011.

Future Outlook:

The Assets are under the control of KSIIDC, Bangalore and hence there is no possibility of continuation of business operations till the loans are cleared, Hence interest on loans has not been provided.

DIRECTORS' RESPONSIBILITY STATEMENT:

Pursuant to the provisions of section 217(2AA) of the Companies Act, 1956, the Board of Directors state:

i) That in preparation of the Annual Accounts, applicable accounting standards have been followed and there were no material departures there from except as otherwise explained in the notes to accounts.

ii) That the directors have selected such accounting policies and adopted them consistently, except as stated in the notes on accounts, and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company as on 31st March, 2011and Profit & Loss account of the company for the year ended 31st March, 2011. The auditor's comments in this regard are self explanatory.

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.

DIRECTORS

Mr M Sambasiva Rao Director, who retires by rotation and being eligible, offers himself for reappointment.

AUDITORS:

Sri V.Ramachandra Rao, Chartered Accountant, Auditors of the Company are eligible for re- appointment as statutory auditors of the Company to audit the accounts of the Company for the financial year 2011-12.

PARTICULARS OF EMPLOYEES

No employee of the company is in the receipt of remuneration as specified under the provisions of section 217(2A) of the companies Act, 1956, read with companies(particulars of employees) rules, 1975 as amended.

ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

The company does not have any manufacturing operations. It is engaged in plantation activity business. All these activities are not energy intensive, consequently, the provisions regarding furnishing of details of conservation of energy are not applicable.

Technology absorption and foreign exchange earning and outgo "NIL" during the year under review.

By Order of the Board For Asian Flora Limited,

Place: Hyderabad M.Sambasiva Rao Date: 11.08.2011 Director

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Mar 31, 2009

The Directors have pleasure in presenting the l5th Annual Report together with the Audited Statement of Accounts of your Company for the year ended 31st March, 2009.

FINANCIAL RESULTS:

The Financial highlights for the year under review are given below:

(Rs. in lacs) 2008-09 2007-08

(12Months) (12 Months)

Sales and Other Income 0 0

EBIDT _ 1.08 _1.37

Interest 0 0

Depreciation 27.96 28.03

Profit Before Tax -29.04 -29.40

Provision for Tax* 0 0

Profit After Tax -29.04 -29.40

Net Worth** 511.10 511.10

OPERATIONS

The company has no business activity during the year.

DIVIDEND

Due to Inadequate profits, the directors do not recommend dividend for the year 2008-2009.

Future Outlook:

The premises of operations are under the control of KSIIDC, Bangalore, there is no possibility of continuation of business operations till the loans are cleared. Hence interest on loans has not been provided.

DIRECTORS' RESPONSIBILITY STATEMENT:

Pursuant to the provisions of Section 217 (2AA) of the Companies Act, 1956 the Board of Directors state:

i) that in preparation of the Annual Accounts, applicable accounting standards have been followed and there were no material departures there from except as otherwise explained in the notes to accounts.

ii) that the directors have selected such accounting policies and adopted them consistently, except as stated in the notes on accounts, 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 as on 31st March, 2009 and Profit & Loss account of the company for the year ended 31st March, 2009. The auditors comments in this regard are self explanatory

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:

DIRECTORS

Sri. Sunil Paul retires by rotation and being eligible, offers himself for re-appointment.

AUDITORS

Sri. V. Ramachandra Rao., Chartered Accountant, Auditors of the Company are eligible for re- appointment as statutory auditors of the Company to audit the accounts of the Company for the financial year 2009-10.

PARTICULARS OF EMPLOYEES

No employee of the company is in the receipt of remuneration as specified under the provision of section 217 (2A) of the companies Act, 1956, read with companies (particulars of employees) rules, 1975 as amended.

ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

The company does not have any manufacturing operations. It is engaged in plantation activity business. All these activities are not energy intensive, consequently, the provisions regarding furnishing of details of conservation of energy are not applicable.

Technology absorption and foreign exchange earning and outgo "NIL" during the year under review.

ACKNOWLEDGEMENTS

Your Directors thank the customers, vendors, investors and bankers for their continued support to your company's growth. The Board of Director also thanks all Government/Statutory Organization for their support extended to the company.

Your Board of Directors would like to place on record their appreciation to all the employees for their co-operation and contribution.

By order of the Board

For ASIAN FLORA LIMITED

Place: Hyderabad M. SAMBASIVA RAO

Date: 05-09-2009 Chairman/ Director

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Mar 31, 2008

The Directors have pleasure in presenting the 11th Annual Report together with the Audited Statement of Accounts of your Company for the year ended 31st March, 2008.

FINANCIAL RESULTS:

The Financial highlights for the year under review are given below:

(Rs. in lacs)

2007-08 2006-07

(12Months) (12 Months)

Sales and Other Income 0 0

EBIDT -1.37 -1.36

Interest 0 0

Depreciation 28.03 28.14

Profit Before Tax -29.40 -29.50

Provision for Tax* 0 0

Profit After Tax -29.40 -29.50

Net Worth** 511.10 511.10

OPERATIONS

The company has no business activity during the year.

DIVIDEND

Due to Inadequate profits, the directors do not recommend dividend for the year 2007-2008.

Future Outlook:

The premises of operations are under the control of KSIIDC, Bangalore, there is no possibility of continuation of business operations till the loans are cleared. Hence interest on loans has not been provided.

DIRECTORS' RESPONSIBILITY STATEMENT:

Pursuant to the provisions of Section 217 (2AA) of the Companies Act, 1956 the Board of Directors state:

i) that in preparation of the Annual Accounts, applicable accounting standards have been followed and there were no material departures there from except as otherwise explained in the notes to accounts.

ii) that the directors have selected such accounting policies and adopted them consistently, except as stated in the notes on accounts, 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 as on 31st March, 2008 and Profit & Loss account of the company for the year ended 31st March, 2008. The auditors comments in this regard are self explanatory

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:

DIRECTORS

Sri. S. Vaheed Basha retires by rotation and being eligible, offers himself for re-appointment.

AUDITORS

Sri. V. Ramachandra Rao., Chartered Accountant, Auditors of the Company are eligible for re- appointment as statutory auditors of the Company to audit the accounts of the Company for the financial year 2008-09.

PARTICULARS OF EMPLOYEES

No employee of the company is in the receipt of remuneration as specified under the provision of section 217 (2A) of the companies Act, 1956, read with companies (particulars of employees) rules, 1975 as amended.

ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

The company does not have any manufacturing operations. It is engaged in plantation activity business. All these activities are not energy intensive, consequently, the provisions regarding furnishing of details of conservation of energy are not applicable.

Technology absorption and foreign exchange earnings and outgo "NIL" during the year under review.

ACKNOWLEDGEMENTS

Your Directors thank the customers, vendors, investors and bankers for their continued support to your company's growth. The Board of Director also thanks all Government/Statutory Organization for their support extended to the company.

Your Board of Directors would like to place on record their appreciation to all the employees frothier co-operation and contribution.

By order of the Board

FLORA LIMITED Place: Hyderabad M.SAMBASIVA RAO

Date: 05-09-2008 Chairman/ Director