Notes to Accounts of Shreekrishna Biotech Ltd.

Mar 31, 2013

1. Claims against the company not acknowledges as debts - NIL

2. Estimated amount of contracts remaining to do executed on capital account

- NIL-

3.Previous year figures are regrouped / rearranged wherever necessary.

4.Contingent liabilities not provided for -NIL

5. Preliminary expenses are being written off over a period of ten years. Deferred revenue Expenditure are being written off over a period of 5 years

6. Information required to be stated pursuant to part ii of schedule vi, to the companies act, 1956, has been stated to the extent applicable to the company

7. The balance of sundry receivables and payables are subject to confirmation and reconciliation

8. Sundry creditors do not include any dues to small scale industries and ancillary units.

9. RELATED PARTY DISCLOSURES:

Information given in according with the requirement of Accounting Standard 18 on "Related Party Disclosures" by ICAI.

DEFERRED TAX:

In terms of Accounting Standard - 22, Deferred tax liabilities of Rs. Nil/- has been recognized in the accounts up to 31st March 2013.

10. Schedules 1 to 12 forms an integral part of the Balance Sheet and Profit & Loss Account and are duly authenticated.

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Mar 31, 2012

1. Claims against the company not acknowledges as debts - NIL

2. Estimated amount of contracts remaining to do executed on capital account

- NIL-

3.Previous year figures are regrouped / rearranged wherever necessary.

4.Contingent liabilities not provided for-NIL

5. Preliminary expenses are being written off over a period often years. Deferred revenue Expenditure are being written off over a period of 5 years

6. Information required to be stated pursuant to part ii of schedule vi, to the companies act, 1956, has been stated to the extent applicable to the company

7. The balance of sundry receivables and payables are subject to confirmation and reconciliation

8. Sundry creditors do not include any dues to small scale industries and ancillary units.

9. TAXATION: CURRENT TAX: 4720/-

Provision for income tax (Current tax) is determined in accordance with the provisions of income Tax Act, 1961.

DEFERRED TAX:

In terms of Accounting Standard - 22, Deferred tax liabilities of Rs. nil/- has been recognized in the accounts up to 31st March 2011.

10. Schedules 1 to 12 forms an integral part of the Balance Sheet and Profit & Loss Account and are duly authenticated.