Notes to Accounts of Pet Plastics Ltd.

Mar 31, 2024

1.9 Provisions, Contingent Liabilities and Contingent Assets:

Provisions are recognised when the Company has a present legal or constructive obligation as a result of past events, it is probable
that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. Provisions are not
recognised for future operating losses.

Provisions are measured at the present value of management’s best estimate of the expenditure required to settle the present
obligation at the end of the reporting period. The discount rate used to determine the present value is a pre tax rate that reflects
current market assessments of the time value of money and the risks specific to the liability. The increase in the provision due to
the passage of time is recognised as interest expense.

Contingent Liabilities are disclosed in respect of possible obligations that arise from past events but their existence will be
confirmed by the occurrence or non occurrence of one or more uncertain future events not wholly within the control of the
Company or where any present obligation cannot be measured in terms of future outflow of resources or where a reliable estimate
of the obligation cannot be made.

A contingent asset is a possible asset that arises from past events and whose existence will be confirmed only by the occurrence or
non- occurrence of one or more uncertain future events not wholly within the control of the Company. A contingent asset is
disclosed, where an inflow of economic benefits is probable. An entity shall not recognize contingent asset unless the recovery is
virtually certain.

1.10 Borrowing costs

Borrowing costs are interest and other costs incurred in connection with the borrowings of funds. General and specific borrowing
costs directly attributable to the acquisition/ construction of qualifying assets, which are assets that necessarily take a substantial
period of time to get ready for their intended use, are added to the cost of those assets, until such time the assets are substantially
ready for their intended use. All other borrowing costs are recognised as an expense in Statement of Profit and Loss in the period
in which they are incurred.

1.11 Recognition of income

Interest income from debt instruments is recognised using the effective interest rate method.

Dividend income is recognised when the Company’s right to receive the payment is established and it is probable that
the economic benefits associated with the dividend will flow to the Company and the amount of the dividend can be
measured reliably. This is generally when the shareholders approve the dividend.

1.12 Inventories

Finished Goods are valued at cost or net realisable value, whichever is lower. Cost is computed on first-in-first out basis. Net
realisable value is estimated selling price in ordinary course of business less the estimated cost necessary to make the sale. The cost
of inventories comprises all costs of purchase and other costs incurred in bringing the inventories to their present location and
condition. Obsolete, defective and slow/non-moving stocks are duly provided for. Securities are valued at fair value less costs to
sell.

1.13 Employee benefits

a) Defined contribution plan

The Company’s contribution to Provident Fund and Employees State Insurance Scheme is determined based on a fixed percentage
of the eligible employees’ salary and charged to the Statement of Profit and Loss on accrual basis. The Company has categorised its
Provident Fund, labour welfare fund and the Employees State Insurance Scheme as a defined contribution plan since it has no
further obligations beyond these contributions.

b) Defined benefits plan

The Company’s liability towards gratuity, being a defined benefit plan are accounted for on the basis of an independent ''actuarial
valuation based on Projected Unit Credit Method.

Service cost and the net interest cost is included in employee benefit expense in the Statement of Profit and Loss. Actuarial gains
and losses comprise experience adjustments and the effects of changes in actuarial assumptions and are recognised immediately in
‘other comprehensive income’ as income or expense.

c) Compensated absences

Accumulated compensated absences, which are expected to be availed or encashed within 12 months from the end of the year are
treated as short term employee benefits. The obligation towards the same is measured at the expected cost of accumulating
compensated absences as the additional amount expected to be paid as a result of the unused entitlement as at the year end. The
Company’s liability is actuarially determined (using the Projected Unit Credit method).

1.14 Income Tax

Income tax expense comprises current tax, deferred tax charge or credit. The deferred tax charge or credit and the corresponding
deferred tax liability and assets are recognized using the tax rates that have been enacted or substantially enacted on the Balance
Sheet date.

Deferred Tax assets arising from unabsorbed depreciation or carry forward losses are recognized only if there is virtual certainty of
realization of such amounts. Other deferred tax assets are recognized only to the extent there is reasonable certainty of realization
in future. Deferred tax assets are reviewed at each Balance Sheet date to reassess their reliability.

1 1 r

^A,A5 Earnings Per Share

The Company reports basic and diluted earnings per equity share in accordance with Ind AS 33, Basic earnings per share is
calculated by dividing the net profit or loss for the period attributable to Equity Shareholders by the weighted average number of
equity shares outstanding during the period. For the purpose of calculating diluted Earnings per share, the net profit or loss for the
period attributable to Equity Shareholders and the weighted average number of shares outstanding during the period are adjusted
for the effects of all dilutive potential equity shares.

^1,16 Cash flow statement

Cash flow statements are prepared in accordance with “ Indirect Method” as explained in the Accounting Standard on Statement
of Cash Flows ( Ind AS-7). The cash flows from regular revenue generating, financing and investing activity of the Company are
segregated.

1.17

Cash and Cash Equivalents

Cash and cash equivalents in the balance sheet comprise cash at banks and on hand and short-term deposits with an original
maturity of three months or less, which are subject to an insignificant risk of changes in value.

For the purpose of the statement of cash flows, cash and cash equivalents consist of cash and short term deposits.

1.18 Significant management judgements in applying accounting policies and estimation uncertainty

When preparing the standalone financial statements, management makes a number of judgements, estimates and assumptions
about the recognition and measurement of assets, liabilities, income and expenses. Uncertainty about these assumptions and
estimates could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in
future periods.

a) Impairment of non-financial assets

In case of non-financial assets company estimates asset''s recoverable amount, which is higher of an asset''s or Cash Generating
Units (CGU''s) fair value less costs of disposal and its value in use.

In assessing value in use, the estimated future cash flows are discounted to their present value using pre-tax discount rate that
reflects current market assessments of the time value of money and the risks specific to the asset. In determining fair value less
costs of disposal, recent market transactions are taken into account, if no such transactions can be identified, an appropriate
valuation model is used.

b) Depreciation and useful lives of property, plant and equipment

Property, plant and equipment are depreciated over the estimated useful lives of the assets, after taking into account their estimated
residual value. Management reviews the estimated useful lives and residual values of the assets annually in order to determine the
amount of depreciation to be recorded during any reporting period. The useful lives and residual values are based on the
Company''s historical experience with similar assets and take into account anticipated technological changes. The depreciation for
future periods is adjusted if there are significant changes from previous estimates.

c) Provisions

Provisions and liabilities are recognized in the period when it becomes probable that there will be a future outflow of funds
resulting from past operations or events and the amount of cash outflow can be reliably estimated. The timing of recognition and
quantification of the liability require the application of judgement to existing facts and circumstances, which can be subject to
change. Since the cash outflows can take place many years in the future, the carrying amounts of provisions and liabilities are
reviewed regularly and adjusted to take account of changing facts and circumstances.

d) Defined benefit obligation (DBO)

Management''s estimate of the DBO is based on a number of critical underlying assumptions such as standard rates of inflation,
mortality, discount rate and anticipation of future salary increases. Variation in these assumptions may significantly impact the
DBO amount and the annual defined benefit expenses.

e) Fair value measurement

21. Fair value measurements

Financial instruments by category:

All financial assets and financial liabilities of the Company are under the amortised cost measurement category at each of the reporting dates
except quoted non-current investments and current investments, which are recognised and measured at fair value through statement of profit
or loss or other comprehensive income.

22. Financial risk management objectives and policies

The risk management policies of the Company are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and
controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market
conditions and the Company''s activities. The Management has overall responsibility for the establishment and oversight of the Company''s risk
management framework. In performing its operating, investing and financing activities, the Company is exposed to the Credit risk, Liquidity risk and
Market risk.

Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk
comprises three types of risk: interest rate risk, currency risk and other price risk, such as equity price risk and commodity risk.

Credit risk on financial assets

Financial assets that are potentially subject to concentrations of credit risk and failures by counterparties to discharge their obligations in full or in a

timely manner consist principally of cash balances with banks, cash equivalents and receivables, and other financial assets. The maximum exposure to

credit risk is: the total of the fair value of the financial instruments and the full amount of any loan payable commitment at the end of the reporting year.
The Company''s non-listed equity shares and mutual funds investments are susceptible to market price risk arising from uncertainties about future values
of the investment securities. The Company manages this price risk through diversification and by placing limits on individual and total equity
instruments. The Company’s Board of Directors reviews and approves all equity investment decisions.

Credit risk on cash balances with banks is limited because the counterparties are entities with acceptable credit ratings. Credit risk on other financial
assets is limited because the other parties are entities with acceptable credit ratings.

As disclosed in Note 5, cash and cash equivalents balances generally cash on hand and balances held with the bank in current account.

Exposure to credit risk

In the opinion of management, Financial Assets, Cash and Cash Equivalent, Loans, Other Current Assets and Other Financial Assets have a value on
realisation in the ordinary course of business atleast equal to the amount at which they are stated in the balance sheet.

The Company has not recognised any loss allowance as the Company expects that there is no credit loss on trade receivable.

During the year, the Company has incurred an insignificant amount towards finance cost. Further, the Company does not carry any financial liabilities as
at the Balance Sheet date, hence disclosures related to Ind-AS 107, paragraph 33, on exposures to risk, objectives, policies and procedures with regard to
financial liabilities are not applicable.

23. Capital Management

For the purpose of the Company’s capital management, capital includes issued equity capital, securities premium reserve and all other equity reserves
attributable to the equity holders. The primary objective of the Company’s capital management is to maximise the shareholder value. The Company has
adequate cash and cash equivalents. The company monitors its capital by a careful scrutiny of the cash and cash equivalents and a regular assessment of
any debt requirements. In the absence of any debt at the year end, the maintenance of debt equity ratio etc. may not be of any relevance to the
Company.

No changes were made in the objectives, policies or processes for managing capital during the years ended 31 March 2023 and 31 March 2024.

ii) Disclosures of transactions between the Company and its related parties, along with outstanding balances as at year end:

No Transaction with Related party during the year.

Note 26 Additional information as required under Section 186(4) of Companies Act, 2013 during the year:

(i) No Loan has been given to any Body Corporate by the Company.

(ii) No Investment is made in Body Corporate.

(iii) No Guarantees are given by the Company.

(iv) No Security provided in connection with Loan taken from Body Coporate or person.

Note 31 i) Balance in the account of Cash & Cash Equivalent, Trade Receivable, Loan, Trade Payable and Other Financial Liabilities are subject to confirmation/reconciliation If
any, The management does not expect any material adjustments in respect of the same effecting the Financial Statement on such reconciliation/adjustment
ii) Statutory Compliances with respect to GST & TDS ia subject to reconciliation.

ini) Sales amounting to Rs. 747.45 lakhs and Purchase amounting to Rs. 669.12 lakhs is related to merchant trading.

Note 32 As the Company operates in Single Segment only i.e. Trading of Plastics, Import & Export and others. it did not give rise to different operating segments in accordance
with Ind AS 108 - Operating Segments.

Note 33 Other statutory information

(a) The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property under
the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

(b) The Company does not have transactions with companies struck off under Section 248 of the Companies Act, 2013 or section 560 of the Companies Act,1956.

(c) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

(d) The Company has not traded or invested in Crypto currency or Virtual Currency during and previous financial year.

(e) During the current financial year and previous financial year, other than the transaction undertaken in the normal course of business.

(i) No funds have been advanced or loaned or invested by the Company to or in any other person(s) or entity(ies), including foreign entities (“intermediaries”) with the
understanding that the Intermediary shall directly or indirectly lend or invest in party identified in any manner whatsoever by or on behalf of the Company (“Ultimate
beneficiaries”) or provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

(ii) The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding that the Company shall
whether, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (“Ultimate
beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries

(f) The Company does not have any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in
the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961)

(g) The Company is not declared as wilful defaulter by any bank or financial institution or any other lender.

(h) The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Companies Act,2013 read with Companies (restriction on
numbers of layers) rule, 2017

(i) The Company does not have any Capital work in Progress and intangible assets under development.

(j) The Company has not revalued its property, plant and equipment (including Right-of-Use Assets) or intangible assets, if any during the year as well as in previous
financial year.

(k) The Company has no scheme of arrangement which have been approved by the Competent Authority in terms of Section 230 to 237 of the Companies Act, 2013
during and previous financial year.

(l) The Company does not have any borrowings from banks or financial institutions on the basis of security of current assets.

(m) The Company has used accounting softwares, for maintaining its books of account which has a feature of recording audit trail (edit log) facility and the same has
operated throughout the year for all relevant transactions recorded in the software.

Note 34 The figures of the previous year have been reworked, regrouped, rearranged and reclassified, wherever considered necessary to confirm to the current year presentation.
Signature to Notes 1 to 34
As per our report of even date

For Maheshwari & Co. For and on behalf of the Board of Directors of Pet Plastics Limited

(Firm Reg. No. 105834W)

Chartered Accountants

Vikas Asawa Ritesh Vakil Timir Shah

Partner Director Director

Membership No. 172133 [DIN:00153325] [DIN:00185268]

Prajesh Pravinbhai Chaudhary Trisha Tahalramani

Place: Mumbai Chief Financial Officer Company Secretary

Date: May 30, 2024 [PAN: BBNPC2704C] [PAN :DPCPS8214A]

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Mar 31, 2014

1. CONTINGENT LIABILITIES:

2013-2014 2012-2013

i. Claims against the Company not acknowledge the debts : Nil Nil

ii.Estimated amount of contracts remaining: Nil Nil to be executed on capital account and provided for

iii. Other many due which the Company is : Nil Nil contingently liable.

2. The sundry debtors of Rs.5,899,986.00/- of M/s. Vandana Enterprises are outstanding for more than six months. The said amounts are transferred in account of factoring coupon division account.

3. Advance of Rs.2,346,221/- against purchase of machinery includes the amount paid to M/s. FAIR HEAVEN PLASTICS & CHEMICAL PVT LTD. The said amounts are transferred in account of factoring coupon division account.''

4. The Loans and Advances of M/s. Fair Heaven Plastics & Chemical Pvt. Limited Rs.2,346,221/- & Jain Irrigation Rs.20,000/- & M/s. Vikram Projects Limited Rs.5,922,144/- is outstanding for more than six months for the advances given for purchase of machinery and raw material respectively. The said amounts are transferred in account of factoring coupon division account.

5. The recovery from sundry Debtors and Loans & Advances are in contingency reserves. After recovery of the said amount it will be transferred to Reserves & Surplus Account of the Company. The said amounts are transferred in account of factoring coupon division account. The company has not accounted for accretions as the same are disputed by both parties. The said amount shall be accounted for only on settlement of the case.

6. Sundry Debtors, Sundry.-Creditors. Loans and Advances are as per books and are subject to reconciliation and confirmation if any.

7. In the opinion of the Board of Directors, the Current Assets, Loans & Advances have a value on realization in the ordinary course business at least equal to the amount at which they are stated in the Balance Sheet after the provisions.

8. TAXATION AND DEFERRED TAX:

Your company is located in kandla in the special economic zone. However, the period of taxation is now completed. Hence, the company does not enjoy any tax free benefit. All the income earned is offered for taxation.

The liability of company on account of income tax is estimated considering the provisions of he Income Tax Act, 1961.

Deferred tax is recognized, subject to the consideration of prudence, on timing difference being he difference between taxable inhume and aceountim^jaeSIftgAhat originate in one year and capable of reversal in one or more subsequent year,

9. SECURED LOANS:

No loans have been taken by the company.

D) Segment Revenue, Segment Results, Segment Assets and Segment Liabilities include the respective amounts identifiable to each of the segments as also amounts allocated on a reasonable basis. It does not include interest, provision for contingencies and income tax.

10. REPORTING ON RELATED PARTIES:

There are no related parties.

11. MANAGERIAL REMUNERATION:

The company does not provide any remuneration.

12. No dues to SSI units are outstanding as per the information available with the company.

13. Figures of the previous year have been regrouped / rearranged whenever necessary and rounded off to the nearest rupee.

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Mar 31, 2013

1. CONTIGENT LIABILITIES:

2012-2013 2011-2012

i. Claims against the Company not acknowledge the : Nil Nil debts.

ii. Estimated amount of contracts remaining to be : Nil Nil executed on capital account and provided for

iii. Other many due which the Company is : Nil Nil contingently liable.

2. The sundry debtors of Rs.5,899.986.00/- of M/s. Vandana Enterprises are outstanding for mo re than six months. The said amounts are transferred in account of factoring coupon division account.

3. Advance of Rs.2,346,221/- against purchase of machinery includes the amount paid to M/s. FAIR HEAVEN PLASTICS & CHEMICAL PVT LTD. The said amounts are transferred in account of factoring coupon division account.

4. The Loans and Advances of M/s. Fair Heaven Plastics & Chemical Pvt. Limited Rs.2,346,221/- & Jain Irrigation Rs.20,000/- & M/s. Vikram Projects Limited Rs.5,922,144/- is outstanding for more than six months for the advances given for purchase of machinery and raw material respectively. The said amounts are transferred in account of factoring coupon division account.

5. The recovery from sundry Debtors and Loans & Advances are in contingency reserves. After recovery of the said amount it will be transferred to Reserves & Surplus Account of the Company. The said amounts are transferred in account of factoring coupon division account. The company has not accounted for accretions as the same are disputed by both parties. The said amount shall be accounted for only on settlement of the case.

6. Sundry Debtors, Sundry Creditors, Loans and Advances are as per books and are subject to reconciliation and confirmation if any.

7. In the opinion of the Board of Directors, the Current Assets, Loans & Advances have a value on realization in the ordinary course business at least equal to the amount at which they are stated in the Balance Sheet after the provisions.

8. TAXATION AND DEFERRED TAX:

Your company is located in kandla in the special economic zone. However, the period of taxation is now completed. Hence, the company does not enjoy any tax free benefit. All the income earned is offered for taxation.

The liability of company on account of income tax is estimated considering the provisions of the Income Tax Act. 1961.

Deferred tax is recognized, subject to the consideration of prudence, on timing difference being the difference between taxable income and accounting income that originate in one year and capable of reversal in one or more subsequent year.

C) Other Disclosures:

Types of products and services in each : i. Manufacturing. Trading and business segment Re-labeling of Plastics Goods and Articles.

ii. Trading, Re-labeling, Repacking and Export Service Provider Activity of all items as mentioned in the Exim Policy.

D) Segment Revenue, Segment Results, Segment Assets and Segment Liabilities include the respective amounts identifiable to each of tne segments as also amounts allocated on a reasonable basis. It.does not include interest, provision for contingencies and income tax.

9. No dues to SSI units are outstanding as per the information available with the company.

10. Figures of the previous year have been regrouped / rearranged whenever necessary and rounded off to the nearest rupee,

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Mar 31, 2011

1. CONTIGENT LIABILITIES: 2010-2011 2009-2010

i. Claims against the Company not acknowledge the debts. Nil Nil

ii. Estimated amount of contracts remaining to be executed on capital account and provided for Nil Nil

iii. Other many due which the Company is contingently liable. Nil Nil

2. The sundry debtors of Rs.5,899,986.00/- of M/s. Vandana Enterprises are outstanding to more than six months. The said amounts are transferred in account of factoring coupon division account. The company has not accounted for accretions as the same are disputed by both parties. The said amount shall be accounted for only on settlement of the case.

3. Advance of Rs.2, 346,221/- against purchase of machinery includes the amount paid to M/s. FAIR HEAVEN PLASTICS & CHEMICAL PVT LTD.

4. The Loans and Advances of M/s. Fair Heaven Plastics & Chemical Pvt. Limited Rs.2,346,221/- & Jain Irrigation Rs.20,000/- & M/s. Vikram Projects Limited Rs.5,922,144/- is outstanding for more than six months for the advances given for purchase of machinery and raw material respectively. The company has not accounted for accretions as the same are disputed by both parties. The said amount shall be accounted for only on settlement of the case.

5. The recovery from sundry Debtors and Loans & Advances are in contingency reserves. After recovery of the said amount it will be transferred to Reserves & Surplus Account of the Company. The said amounts are transferred in account of factoring coupon division account. The company has not accounted for accretions as the same are disputed by both parties. The said amount shall be accounted for only on settlement of the case.

6. Sundry Debtors, Sundry Creditors, Loans and Advances are as per books and are subject to reconciliation and confirmation if any.

7. In the opinion of the Board of Directors, the Current Assets, Loans & Advances have a value on realization in the ordinary course business at least equal to the amount at which they are stated in the Balance Sheet after the provisions.

8. The 'Netting off' of Sundry Debtors & Sundry Creditors is to be treated as Netting off Debtors & Netting off Creditors. The balance is made as per Reserve Bank of India (RBI) circular. The 'Netting off' is allowed to units in Special Economic Zones (SEZ). The netting may be shown as on date of Balance Sheet.

9. TAXATION:

The Company has been advised that it is not liable to pay Income – Tax Act, 1961 as the activity carried out in the Unit is located in Special Economic Zone at Kandla, Gujarat and income Profit derived from the said unit is exempt u/s 10A. The company is under dispute with IT has agitated before the ITAT and its outcome is awaited.

10. SECURED LOANS:

No loans have been taken by the company.

B) Secondary Disclosures: Revenue from external customers By location of customers:

C) Other Disclosures: Types of products and serve each business segment :

D) Segment Revenue, Segment Results, Segment Assets and Segment Liabilities include the respective amounts identifiable to each of the segments as also amounts allocated on a reasonable basis. It does not include interest, provision for contingencies and income tax.

11. REPORTING ON RELATED PARTIES: There are no related parties.

12. MANAGERIAL REMUNERATION:

The company does not provide any remuneration.

13. No dues to SSI units are outstanding as per the information available with the company.

14. Figures of the previous year have been regrouped / rearranged whenever necessary and rounded off to the nearest rupee.

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Mar 31, 2010

1. CONTIGENT LIABILITIES:

2009-2010 2008-2009

i. Claims against the Company not acknowledge the : Nil Nil debts.

ii. Estimated amount of contracts remaining to be : Nil Nil executed on capital account and provided for

iii.Other many due. which the Company is : Nil Nil contingently liable.

2. The sundry debtors of Rs.5,899,986.00/ of M/s. Vandana Enterprises are outstanding for more than six months. The said amounts are transferred in account of factoring coupon division account. The company has not accounted for accretions as the same are disputed by both parties. The said amount shall be accounted for only on settlement of the case.

3. Advance of Rs.2,346,221/ against purchase of machinery includes the amount paid to M/s. FAIR HEAVEN PLASTICS & CHEMICAL PVT LTD.

4. The Loans and Advances of M/s. Fair Heaven Plastics & Chemical Pvt. Limited Rs.2,346,221/ & Jain Irrigation Rs.20,000/ & M/s. Vikram Projects Limited Rs.5,922,144/ is outstanding for more than six months for the advances given for purchase of machinery and raw material respectively. The company has not accounted for accretions as the same are disputed by both parties. The said amount shall be accounted for only on settlement of the case.

5. The recovery from sundry Debtors and Loans & Advances are in contingency reserves. After recovery of the said amount it will be transferred to Reserves & Surplus Account of the Company. The said amounts are transferred in account of factoring coupon division account. The company has not accounted for accretions as the same are disputed by both parties. The said amount shall be accounted for only on settlement of the case.

6. Sundry Debtors, Sundry Creditors, Loans and Advances are as per books and are subject to reconciliation and confirmation if any.

7. In the opinion of the Board of Directors, the Current Assets, Loans & Advances have a value on realization in the ordinary course business at least equal to the amount at which they are stated in the Balance Sheet after the provisions.

8. The Netting off of Sundry Debtors & Sundry Creditors is to be treated as Netting off Debtors & Netting off Creditors. The balance is made as per Reserve Bank of India (RBI) circular. The Netting off is allowed to units in Special Economic Zones (SEZ). The netting may be shown as on date of Balance Sheet.

9. TAXATION:

The Company has been advised that it is not liable to pay Income Tax Act, 1961 as the activity carried out in the Unit is located in Special Economic Zone at Kandla, Gujarat and income Profit derived from the said unit is exempt u/s 10A. The company is under dispute with IT has agitated before the ITAT and its outcome is awaited.

B) Secondary Disclosures:

Revenue from external customers The main base of companys By location of customers product is for exports market

Carrying amount of segment assests : All Manufacturing, Trading, Re

By location of assests packaging, Relabeling and Export

Service Provider Activity are located in KSEZ, India

C) Other Disclosures:

Types of products and services in each : i. Manufacturing, Trading and business segment Relabeling of Plastics Goods and Articles.

ii. Trading, Relabeling, Re packing and Export Service Provider Activity of all items as mentioned in the Exim Policy.

D) Segment Revenue, Segment Results, Segment Assets and Segment Liabilities include the respective amounts identifiable to each of the segments as also amounts allocated on a reasonable basis. It does not include interest, provision for contingencies and income tax.

10. REPORTING ON RELATED PARTIES:

There are no related parties.

11. MANAGERIAL REMUNERATION:

The company does not provide any remuneration.

12. EARNING IN FOREIGN EXCHANGE:

a. Outflow of Foreign Exchange: Rs. NIL

b. Inflow of Foreign Exchange: Rs. NIL

13. No dues to SSI units are outstanding as per the information available with the company.

14. Figures of the previous year have Been regrouped / rearranged whenever necessary and rounded off to the nearest rupee.