Notes to Accounts of Parmax Pharma Ltd.

Mar 31, 1996

1. Figures of the previous year have been re-grouped/re-classified wherever necessary.

2. The Company has not commenced commercial activities during year and hence Profit and Loss Account have not been furnished.

3. Auditor Remuneration :

Audit fees Rs. 10,000.00

Tax Audit and Certification Rs. 0.0

Rs. 10,000.00

4. Capital Work in Progress includes Machinery under fabrication and advances for capital goods.

5. No provision for gratuity has been made as no employee has so far put in qualifying period of service and become entitled for the benefits.

6. In absence of any assessable income, no provision for income tax has been made.

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Mar 31, 1995

Not available.