Notes to Accounts of Benzo Petro International Ltd.

Mar 31, 2012

1.1 Monies received against share warrants

During theyear, the company has not received any amount against share warrants.

1.2 Share application money pending allotment

There were no share application money pending allotment as on the date of balance sheet.

1.3 Contingent liabilities and commitments (to theextent not provided for)

There are no contingent liability as on 31 st March 2012 as perthe information available.

1.4 Details of unutilised amounts out of issue of securities made for specific purpose - NA

1.5 Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006

The company has notobtained informationforthe Dues to Microand Small Enterprises hence the details are not available.

1.6 Disclosure as per Clause 32ofthe Listing Agreements with the Stock Exchanges

As per the information provided by the management, there are no loans given to subsidiaries, associates and others and investments shares of the Company by such parties.

1.7 Disclosure required in terms of Clause 13.5A of Chapter XIII on Guidelines for preferential issues, SEBI (Disclosure and Investor Protection) Guidelines, 2000 - N A

1.8 Details of fixed assets heldfor sale

There are no fixed assets held for sale as on the date of balance sheet.

1.9 Earnings in foreign exchange

There are no earnings in foreign exchange during the year.

1.10 Amounts remitted in foreign currency during the year on account of dividend.

The Company has not remitted any amount in foreign currency on account of dividend during the year.

2.1 Segment Reporting

The company manufactures and sells chemicals, drugs intermediate and gold items only. The company has not yet started sale of gold items. This is the only business segment as per AS-17 issued by the institute of Chartered Accountant of India.

2.2 In accordance with Accounting Standard-22 "Accounting for Taxes on Income " issued by the institute of Chartered Accountants of India, the company has not accounted for deferred tax during the year. The company has not created deferred tax asset arising from the losses ofthe current year considering the principle of "Prudence

2.3 The Company has requested the supplier to give information about, applicability of small scale industries undertaking to them as per clause (i) of section 3 of the industries (development and regulation) act, 1951. In absence of this information, company is unable to provide the detail in schedule-7 (A) "Current Liabilities" regarding the dues to small scale industries as per amendment to schedule -6 of the companies act, 1956 Notification No. GSR 129 (E) dt:22/2/99.

2.4 In the opinion of the Board, the loans and advances, current assets and liabilities are approximately of the value stated, if realized in the ordinary courseof business.

2.5 All balances of sundry debtors, creditors and loans and advances are subject to their confirmation from parties.

2.6 The Revised Schedule VI has become effective from 1st April 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentations made in the financial statements. Figures for the previous year have been regrouped wherever considered necessary to correspond with the current year's classification/disclosure.

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Mar 31, 2011

1. a. In accordance with Accounting Standard-22 "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India, the company has not accounted for deferred tax during the year. The company has not created deferred tax asset arising from the losses of the current year considering the principle of "Prudence".

b. Segment Reporting:

The company manufactures and sells chemicals and drugs intermediate and gold items only. This is the only business segment as per AS-17 issued by the institute of Chartered Accountant of India.

c. Related Party disclosure in accordance with the Accounting Standard 18 issued by the Institute of Chartered Accountants of India.

2. Preliminary Expenses have been amortised in accordance with section 35D of the Income Tax Act, 1961.

3. Information required under Para 3 and of the Part II of Schedule VI of the Companies Act, 1956 are given as under to the extent applicable to the company.

4. The Company has requested the supplier to give information about, applicability of small scale industries undertaking to them as per clause (i) of Section 3 of the Industries (Development and Regulation) Act, 1951. In absence of this information, the company is unable to provide the detail in Schedule-7 (A) "Current Liabilities" regarding the dues to small scale industries as per amendment to Schedule - VI of the Companies Act, 1956 Notification No. GSR 129 (E) dt:22/2/99.

5. In the opinion of the Board, the loans and advances, current assets and liabilities are approximately of the value stated, if realized in the ordinary course of business.

6. All balances of sundry debtors, creditors and loans and advances are subject to their confirmation from parties.

7. Figures for the previous year have been regrouped wherever considered necessary.

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Mar 31, 2010

1. a. In accordance with Accounting Standard-22 "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India, the company has not accounted for deferred tax during the year. The company has not created deferred tax asset arising from the losses of the current year considering the principle of "Prudence".

b. Segment Reporting:

The company manufactures and sells chemicals and drugs intermediate only. This is the only business segment as per AS-17 issued by the institute of Chartered Accountant of India.

2. Preliminary Expenses has been amortised in accordance with section 35D of the Income TaxAct, 1961.

3. Information required under Para 3 and of the Part II of Schedule VI of the Companies Act, 1956 are given as under to the extent applicable to the company.

4. Information required under Para 4D of Part-ll of Schedule VI of the Companies Act, 1956 are as under:

a) Value of Imports calculated on CIF basis by the Company in respect of

2009-2010 2008-2009

i) Raw Material

ii) Components & Spare Parts Nil Nil

iii) Capital Goods Nil Nil

b) Expenditure in Foreign Currency during the year on account of Roylty, Know How, Professional Consultation Fees, Interest. Commission and other matters : Nil Previous Year : Nil

d) The amount remitted during the year in Foreign Currencies on account of dividend : Nil

Previous Year : Nil

e) Earnings in Foreign Exchange in respect of export of goods calculated on FOB basis : Nil

Previous Year : Nil

5. The Company has requested the supplier to give information about, applicability of small scale industries undertaking to them as per clause (i) of Section 3 of the Industries (Development and Regulation) Act, 1951.

In absence of this information, the company is unable to provide the detail in Schedule-7 (A) "Current Liabilities" regarding the dues to small scale industries as per amendment to Schedule - VI of the Companies Act, 1956 Notification No.GSRI 29 (E)dt:22/2/99.

6. a) Contingent Liability not provided for : Nil

Previous Year : Nil

7. In the opinion of the Board, the loans and advances, current assets and liabilities are approximately of the value stated, if realized in the ordinary course of business.

8. All balances of sundry debtors, creditors and loans and advances are subject to their confirmation from parties.

9. Figures for the previous year have been regrouped wherever considered necessary.