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History of Somkan Marine Foods Ltd.

Somkan Marine Foods Limited was incorporated on October 30,1992 as Somkan exports Limiteed. Subsequently the name was changed under section 21 of companies act 1956 as Somkan Marine Foods Limited videe special resolution passed on 3-3-93 . The certificate of commencement of business was obtaineed on 12.1.1993. Th Comp. lis presently engaged in setting up the project as mentioned elsewhere in this prospectus. During the period 15-12-93 the Comp. had acheived a turnover of Rs 57.47 lakhs on Acc. of trading in shrimps & feeds. The Comp. is presently engaged in setting up a feed mill with a capacity of 15000 tonnes per annum at Yanam in the union territory of Pondicherry & a processing plant with a capacity of 7500 tonnes per annum at Vishakapatnam in Andhra Pradesh . Presently, the Comp. is also involved in trading shrimps & feed. The Comp. iss promoted by S Jayadev, K. Srinivas Rao & their associates ssubsequently Rank Acqua Estates limited [Ranks] & Hanaqua International corporation, Taiwan [Hanaquas] also participated in the promotion of project.