Notes to Accounts of Synthiko Foils Ltd.

Mar 31, 2025

L. Provision and contingencies

The company creates a provision when there exists a present obligation
as a result of past event that probably requires an outflow of resources
and a reliable estimate can be made of the amount of the obligation. A
disclosure for a contingent liability is made when there is a possible
obligation or a present obligation that may, but probably will not require
an outflow of resources. When there is a possible obligation or a present
obligation in respect of which likelihood of outflow of resources is
remote, no provision or disclosure is made.

M. Earning per share

The basic and diluted earnings per share (“EPS”) is computed by
dividing the net profit after tax for the year by weighted average number
of equity shares outstanding during the period.

N. Other accounting policies

These are considered with generally accepted accounting principles.

O. Expenditure on Regulatory Approvals

Expenditure incurred for obtaining regulatory approvals and
registration of products for overseas markets is charged to the
Statement of Profit and Loss.

P. Goods and Service Tax on closing Stock :The Company follows the
practice of not providing for Goods and Service Tax on finished goods
materials not cleared from the factory premises. Consequently the said
practice has no effect on the profit & Loss Account for the year.

Q. Basis of Preparation and Compliance with Ind AS

These financial statements have been prepared in compliance with
Indian Accounting Standards (Ind-AS) notified under section 133 of the
Companies Act 2013 (the Act), read together with The Companies
(Indian Accounting Standards) Rules, 2015].

The financial statements have been prepared and presented under the
historical cost convention, on accrual basis of accounting in accordance
with accounting principles generally accepted in India (“Indian GAAP”)
and comply with the Accounting Standards prescribed under section
133 of the Companies Act, 2013 (“Act”), read with Rule 7 of the
Companies (Accounts) Rules, 2014. The financial statements comply in
all material aspects with the accounting standards notified under
Section 211 (3C) of the Companies Act, 1956 (Companies Accounting
Standards) Rules, 2006, as amended and other relevant provisions of
the Companies Act, 2013.

Significant Estimates : The Company has recognised deferred tax assets on business losses and
unabsorbed depreciation. Based on future business projections, the Company is reasonably certain that
would be able to generate adequate taxable income to ensure utilisation of business losses and
unabsorbed depreciation. Further, in calculating the tax expense for the current year and earlier years, the
Company had disallowed certain expenditure pertaining to exempt income based on historical tax
assessments. These matters are pending with tax authorities.

(All amount in inousana Rupees , unless otnerwise stated)

34 Financial Risk Management

The Company''s financial risk management is an integral part of how to plan and execute its business strategies. The Company''s financial risk
management policy is set by the Managing Board.

Market risk is the risk of loss of future earnings, fair values or future cash flows that may result from a change in the price of a financial
instrument. The value of a financial instrument may change as a result of changes in the interest rates, foreign currency exchange rates,
equity prices and other market changes that affect market risk sensitive instruments. Market risk is attributable to all market risk sensitive
financial instruments including investments and deposits, foreign currency receivables, payables and loans and borrowings.

The Company is exposed to various financial risks majority market risk, credit risk and liquidity risk. The Company''s senior management
oversees the management of these risks with an objective to minimise the impact of these risks based on charters and informal policies.

A Market risk

A.1 Market risk - Interest rate risk

Interest rate risk is the risk that the fair value of future cash flows of the financial instruments will fluctuate because of changes in market
interest rates. In order to optimize the Company''s position with regards to interest income and interest expenses and to manage the interest
rate risk, management performs a comprehensive corporate interest rate risk management by balancing the proportion of fixed rate and
floating rate financial instruments in its total portfolio.

According to the Company, interest rate risk exposure is only for floating rate borrowings. For floating rate liabilities, the analysis is prepared
assuming the amount of the liability outstanding at the end of the reporting period was outstanding for the whole year. A 50 basis point
increase or decrease is used when reporting interest rate risk internally to key management personnel and represents management''s

B Credit risk

Credit risk arises from the possibility that the counter party may not be able to settle their obligations as agreed. To manage this, the
Company periodically assesses financial reliability of customers and other counter parties, taking into account the financial condition, current
economic trends, and analysis of historical bad debts and ageing of financial assets. Individual risk limits are set and periodically reviewed on
the basis of such information.

The Company considers the probability of default upon initial recognition of asset and whether there has been a significant increase in credit
risk on an ongoing basis through each reporting period. To assess whether there is a significant increase in credit risk the Company compares
the risk of default occurring on asset as at the reporting date with the risk of default as at the date of initial recognition. It considers
reasonable and supportive forwarding-looking information as well

Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan

with the Company. Where loans or receivables have been written off, the Company continues to engage in enforcement activity to attempt to

recover the receivable due. Where recoveries are made, these are recognized as income in the statement of profit and loss.

The Company measures the expected credit loss of trade receivables and loan from individual customers based on historical trend, industry

practices and the business environment in which the entity operates. Loss rates are based on actual credit loss experience and past trends.

Trade receivables are typically unsecured and are derived from revenue earned from customers located in and outside India.

The Company also carries credit risk on lease deposits with landlords for properties taken on leases and other vendor trade deposits. The risk
relating to refunds after surrender of leased property is managed through successful negotiations or appropriate legal actions, where
necessary.

C Liquidity risk

Liquidity risk is the risk that the Company will face in meeting its obligation associated with its financial liabilities that are settled by delivering
cash or another financial asset. The Company''s approach in managing liquidity is to ensure, as far as possible, that it will have sufficient
liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage
to the Company''s reputation. Any short term surplus cash generated, over and above the amount required for working capital and other
operational requirements is retained as cash and cash equivalents (to the extent required).

42 As regards the Accounting Standard 17 "Segment Reporting" there is neither more than one business segment nor more than one

43 The Company does not possess information as to which of its suppliers is MSME undertakings holding permanent registration certificate
issued by the relevant authorities. Consequently, the liability if any, of interest which would be payable on delayed payments under MSME
Act cannot be ascertained. However, the Company has not received any claim in respect of such interest. In view of the above, outstanding
due to MSME cannot be ascertained.

44 The balance of secured and unsecured loans, sundry debtors, sundry creditors, current liabilities, loans and advances are subject to
confirmation and reconciliation. Adjustments, which may arise on receipts of confirmation and completion of reconciliation are not
ascertainable at this stage.

45 Proceedings under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder

There are no proceedings initiated or are pending against the company for holding any benami property under the Benami Transactions
(Prohibition) Act, 1988 (45 of 1988) and rules made thereunder

46 Undisclosed Income

The Company do not have any transaction which are not recorded in the books of accounts that has been surrendered or disclosed as income
in the tax assessments under the Income Tax Act, 1961 during any of the years.

47 Details of Crypto Currency or Virtual Currency

The Company did not trade or invest in Crypto Currency or virtual currency during the financial year. Hence, disclosures relating to it are not
applicable.

48 Relationshp with Struck off Companies

The Company did not have any transactions with Companies struck off under Section 248 of Companies Act, 2013 or Section 560 of
Companies Act, 1956 considering the information available with the Company.

49 The Income Tax Assessment are completed upto the Assessment Year 2022-23, Sales Tax Assessment are completed upto F.Y.2016-17 and
Excise Audit upto December - 2012.

50 Previous year figures are re grouped /re-arranged /re-classified wherever is necessary.

As per our report of even date.

For S. C. MEHRA & ASSOCIATES LLP For SYNTHIKO FOILS LTD

Chartered Accountants

S. C. MEHRA Ramesh Dadhia Bhavesh Dadhia

PARTNER Managing Whole-Time

Director & CFO Director & CEO

Membership No. 039730 DIN No : 00726044 DIN No : 00726076

Firm No.106156W / W100305

PLACE : MUMBAI Mamta Lasod

DATE : 29.05.2025 Company Secretary

ACS: 52110

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Mar 31, 2024

Significant Estimates : The Company has recognised deferred tax assets on business losses and unabsorbed depreciation. Based on future business projections, the Company is reasonably certain that would be able to generate adequate taxable income to ensure utilisation of business losses and unabsorbed depreciation. Further, in calculating the tax expense for the current year and earlier years, the Company had disallowed certain expenditure pertaining to exempt income based on historical tax assessments. These matters are pending with tax authorities.

a. Loans given, Investments made and Corporate Guarantees given u/s 186(4) of the Companies Act,

b. Disclosure as per Regulation 53(f) of SEBI (Listing Obligation and Disclosure Requirements)

The Financial Statements were authorised for issue by the directors on 30-05-2024

30 Financial Risk Management

The Company''s financial risk management is an integral part of how to plan and execute its business strategies. The Company''s financial risk management policy is set by the Managing Board.

Market risk is the risk of loss of future earnings, fair values or future cash flows that may result from a change in the price of a financial instrument. The value of a financial instrument may change as a result of changes in the interest rates, foreign currency exchange rates, equity prices and other market changes that affect market risk sensitive instruments. Market risk is attributable to all market risk sensitive financial instruments including investments and deposits, foreign currency receivables, payables and loans and borrowings.

The Company is exposed to various financial risks majority market risk, credit risk and liquidity risk. The Company''s senior management oversees the management of these risks with an objective to minimise the impact of these risks based on charters and informal policies.

A Market risk

A.1 Market risk - Interest rate risk

Interest rate risk is the risk that the fair value of future cash flows of the financial instruments will fluctuate because of changes in market interest rates. In order to optimize the Company''s position with regards to interest income and interest expenses and to manage the interest rate risk, management performs a comprehensive corporate interest rate risk management by balancing the proportion of fixed rate and floating rate financial instruments in its total portfolio.

According to the Company, interest rate risk exposure is only for floating rate borrowings. For floating rate liabilities, the analysis is prepared assuming the amount of the liability outstanding at the end of the reporting period was outstanding for the whole year. A 50 basis point increase or decrease is used when reporting interest rate risk internally to key management personnel and represents management''s assessment of the reasonably possible change in interest rates.

A.2 Market Risk- Price Risk

Equity price risk is the risk that the fair value of a financial instrument will fluctuate due to changes in market traded price. Company''s risk of equity price

B Credit risk

Credit risk arises from the possibility that the counter party may not be able to settle their obligations as agreed.

To manage this, the Company periodically assesses financial reliability of customers and other counter parties, taking into account the financial condition, current economic trends, and analysis of historical bad debts and ageing of financial assets. Individual risk limits are set and periodically reviewed on the basis of such information.

The Company considers the probability of default upon initial recognition of asset and whether there has been a significant increase in credit risk on an ongoing basis through each reporting period. To assess whether there is a significant increase in credit risk the Company compares the risk of default occurring on asset as at the reporting date with the risk of default as at the date of initial recognition. It considers reasonable and supportive forwardinglooking information as well

Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment plan with the Company. Where loans or receivables have been written off, the Company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognized as income in the statement of profit and loss.

The Company measures the expected credit loss oftrade receivables and loan from individual customers based on historical trend, industry practices and the business environment in which the entity operates. Loss rates are based on actual credit loss experience and past trends.

Trade receivables are typically unsecured and are derived from revenue earned from customers located in and outside India.

The Company also carries credit risk on lease deposits with landlords for properties taken on leases and other vendor trade deposits. The risk relating to refunds after surrender of leased property is managed through successful negotiations or appropriate legal actions, where necessary.

C Liquidity risk

Liquidity risk is the risk that the Company will face in meeting its obligation associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company''s approach in managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company''s reputation.

Any short term surplus cash generated, over and above the amount required for working capital and other operational requirements is retained as cash and cash equivalents (to the extent required).

31 Remuneration to directors: Remuneration to Executive Director Rs.18,00,000/- & Rs.15,00,000/- who is in Whole time Employment of the Company.

32 Particular regarding capacity, Production & stocks & material consumed A] Capacity:

The Company does not need Industrial License for production. Hence figures relating to licensed and installed capacity is not required.

34 In the opinion of the management Fixed Assets, Current Assets, Loans & Advances are Current Liability and Provisions are net realizable value in the ordinary course of business.

36 As regards the Accounting Standard 17 "Segment Reporting" there is neither more than one business segment nor

37 The Company does not possess information as to which of its suppliers is MSME undertakings holding permanent registration certificate issued by the relevant authorities. Consequently, the liability if any, of interest which would be payable on delayed payments under MSME Act cannot be ascertained. However, the Company has not received any claim in respect of such interest. In view of the above, outstanding due to MSME cannot be ascertained.

38 The balance of secured and unsecured loans, sundry debtors, sundry creditors, current liabilities, loans and advances are subject to confirmation and reconciliation. Adjustments, which may arise on receipts of confirmation and completion of reconciliation are not ascertainable at this stage.

39 The Income Tax Assessment are completed upto the Assessment Year 2019-20, Sales Tax Assessment are completed upto F.Y.2016-17 and Excise Audit upto December - 2012.

40 Previous year figures are re grouped /re-arranged /re-classified wherever is necessary.

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Mar 31, 2015

1. Foreign Exchange Transactions:

1.1 Initial recognition

Transactions in foreign currencies entered into by the company are accounted at exchange rates prevailing on the date of the transaction. Exchange differences arising on foreign exchange transactions settled during the year are recognized in the Statement of Profit and Loss.

1.2 Measurement of foreign currency items at the Balance Sheet date

Foreign currency monetary items of the Company are restated at the closing exchange rates. Non-monetary items are recorded at the exchange rate prevailing on the date of the transaction. Exchange differences arising out of these transactions are recognized in the Statement of Profit and Loss.

1.3 Forward exchange contracts

The premium or discount arising at the inception of forward exchange contract is amortized and recognized as an expense/income over the life of the contract. Exchange differences on such contracts are recognized in the Statement of Profit and Loss in the period in which the exchange rates change. Any Profit or Loss arising on cancellation or renewal of such forward exchange contract is also recognized as income or expenses for the period.

2. Provision, Contingent Liabilities and Contingent Assets:

Provisions are recognized when the company has a present obligation as a result of a past event and it is probable that an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made. Provisions are not discounted to its present value and are determined based on best estimate required to settle the obligation at the Balance Sheet date.

Disclosure of contingent liabilities is made when there is a possible obligation or a present obligation that may, but probably will not, require an outflow of resources. Where there is possible obligation or at present obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.

Contingent Assets are neither recognized nor disclosed in the financial statements.

3. Revenue Recognition:

Revenue is recognized to the extent that is probable that the economic benefits will flow to the Company and the revenue can be reliably measured.

Revenue from sale of goods is recognized when significant risks and rewards of ownership of the goods have been passed to the buyer, which ordinarily coincides with despatch of goods to customers.

Revenue are recorded at invoice value net of excise duty, sales tax, returns and trade discounts.

Revenue from rendering of services are recognized on completion of services.

Benefits on account of entitlement of export incentives are recognized as and when the right to receive is established. Technical Know-how and Licensing Fees are recognized as and when the right to receive such income is established as per terms and conditions of relevant agreement.

Interest income is recognized using the time proportionate method, based on rates implicit in the transaction. Dividend income is recognized when the right to receive is established.

4. Employee Benefits:

Liability on account of short term employee benefit is recognized on an undiscounted and accrual basis during the period when the employee renders service/vesting period of the benefit.

Postretirement benefit plans such as gratuity, leave encashment and provident fund are determined on the basis of actuarial valuation made by an independent actuary as at the Balance Sheet date. Actuarial gains and losses are recognized immediately in the Statement of Profit and Loss.

Periodic contributions towards post retirement defined benefit plan such as provident fund administered through an Employee's Provident Fund Trust are charged to the Statement of Profit and Loss.

Gratuity:

Gratuity is calculated on the basis of 26 days basic pay as per the provision of the Income Tax Act 1961. However the company does not get the valuation from actuaries as of yet. The valuation is done by the management.

5. Income Tax:

Current income tax is measured at the amount expected to be paid to the tax authorities in accordance with the provisions of local Income Tax Laws as applicable to the financial year.

Deferred income taxes reflects the impact of current year timing differences between taxable income and accounting income of the year and reversal of timing differences of earlier years. Deferred tax is measured based on the tax rates and the tax laws enacted or substantively enacted as the Balance Sheet date.

6. Impairment of Assets:

At each Balance Sheet date, the Company assesses whether there is any indication exists, the carrying value of such assets is reduced to its estimated recoverable amount and the amount of such impairment loss is charged to the Statement of Profit and Loss. If, at the Balance Sheet date, there is an indication that a previously assessed impairment loss no longer exists, the recoverable amount is reassessed and the asset is reflected at the recoverable amount subject to a maximum of depreciated historical cost.

7. Expenditure on Regulatory Approvals:

Expenditure incurred for obtaining regulatory approvals and registration of products for overseas markets is charged to the Statement of Profit and Loss.

8. Earnings Per Share:

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 attributable to equity shareholders and the weighted average number of shares outstanding are adjusted for the effect of all dilutive potential equity shares form the exercise of options on unissued share capital. The number of equity shares is the aggregate of the weighted average number of equity shares and the weighted average number of equity shares are to be issued on the conversion of all the dilutive potential equity shares into equity shares.

9. OTHER NOTES TO ACCOUNTS :

1. Excise duty on closing Stock:

The Company follows the practice of not providing for excise duty on finished goods materials not cleared from the factory premises. Consequently the said practice has no effect on the profit & Loss Account for the year.

2. Remuneration to directors:

Remuneration to Executive Director Rs.10,20,000/- & Rs.8,40,000/- who is in Whole time Employment of the Company.

3. Particular regarding capacity, Production & stocks & material consumed:

A] Capacity:

The Company does not need Industrial License for production. Hence figures relating to licensed and installed capacity is not required.

10. In the opinion of the management Fixed Assets, Current Assets, Loans & Advances are Current Liability and Provisions are net realizable value in the ordinary course of business.

11. Inventories are values and certified by the management in respect of quality & value.

12. As regards the Accounting Standard 17 "Segment Reporting" there is neither more than one business segment nor more than one geographical segment, segment information as per AS-17 is not required to be furnished.

13. The Company does not possess information as to which of its suppliers is small scale industrial undertakings holding permanent registration certificate issued by the relevant authorities. Consequently, the liability if any, of interest which would be payable on delayed payments under Small Scale and Ancillary Industrial Undertakings Act 1993, of India cannot be ascertained. However, the Company has not received any claim in respect of such interest. In view of the above, outstanding due to Small Scale industrial undertaking cannot be ascertained.

14. The balance of secured and unsecured loans, sundry debtors, sundry creditors, current liabilities, loans and advances are subject to confirmation and reconciliation. Adjustments, which may arise on receipts of confirmation and completion of reconciliation are not ascertainable at this stage.

15. Previous year figures are re grouped /re-arranged /re-classified wherever is necessary.

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Mar 31, 2014

1. Excise duty on closing Stock: The Company follows the practice of not providing for excise duty on finished goods materials not cleared from the factory premises. Consequently the said practice has no effect on the profit & Loss Account for the year.

2. Remuneration to directors: Remuneration to Executive Director Rs.8,40,000/- & Rs.8,40,000/- who is in Whole time Employment of the Company.

3. Particular regarding capacity, Production & stocks & material consumed

A] Capacity:

The Company does not need Industrial License for production. Hence figures relating to licensed and installed capacity is not required.

B] Production:

As certified by the Executive Director.

4. In the opinion of the management Fixed Assets, Current Assets, Loans & Advances are Current Liability and Provisions are net realizable value in the ordinary course of business.

5. Inventories are values and certified by the management in respect of quality & value.

6. Deferred revenue expenses are preliminary expenses and Public Issue expenses .These expenses are written of over a period of ten years.

7. The Company has not appointed full time Company Secretary as required under the Companies Act 1956 , but efforts are being made to recruit some one , if available within the Company''s norms.

8. Contingent Liability:-The company has given a guarantee against the loan of Rs.85,00,000/- taken by Samriddhi Foils against which it has kept security of its factory Land & Building situated at Jawahar..

9. As regards the Accounting Standard 17 "Segment Reporting" there is neither more than one business segment nor more than one geographical segment, segment information as per AS-17 is not required to be furnished.

10. The Company does not possess information as to which of its suppliers is small scale industrial undertakings holding permanent registration certificate issued by the relevant authorities. Consequently, the liability if any, of interest which would be payable on delayed payments under Small Scale and Ancillary Industrial Undertakings Act 1993, of India cannot be ascertained. However, the Company has not received any claim in respect of such interest. In view of the above, outstanding due to Small Scale industrial undertaking cannot be ascertained.

11. The balance of secured and unsecured loans, sundry debtors, sundry creditors, current liabilities, loans and advances are subject to confirmation and reconciliation. Adjustments, which may arise on receipts of confirmation and completion of reconciliation are not ascertainable at this stage.

12. Previous year figures are re grouped /re-arranged /re-classified wherever is necessary.

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Mar 31, 2013

1. Excise duty on closing Stock : The company follows the practice of not providing for excise duty on finished goods materials not cleared from the factory premises . Consequently the said practice has no effect on the profit & Loss Account for the year.

2. Remuneration to directors : Remuneration to Executive Director Rs.8,40,000/

3. Particular regarding capacity, Production & stocks & material consumed A Capacity:

The Company does not need Industrial License for production. Hence figures relating to licensed and installed capacity is not required.

4. In the opinion of the management Fixed Assets, Current Assets, Loans & Advances are Current Liability and Provisions are net realizable value in the ordinary course of business.

5. Inventories are values and certified by the management in respect of quality & value.

6. Deferred revenue expenses are preliminary expenses and Public Issue expenses .These expenses are written of over a period of ten years.

7. The Company has not appointed full time Company Secretary as required under the Companies Act 1956, but efforts are being made to recruit some one, if available within the Company''s norms.

8. Contingent Liability:- The company has given a guarantee against the loan of Rs.85,00,000/- taken by Samriddhi Foils against which it has kept security of its factory Land & Building situated at Jawahar. The Company is contingently liable to pay import and inland letter of credit of Rs.2,14,86,440/-.

9. As regards the Accounting Standard 17 " Segment Reporting" there is neither more than one business segment nor more than one geographical segment, segment information as per AS-17 is not required to be furnished.

10. The Company does not possess information as to which of its suppliers is small scale industrial undertakings holding permanent registration certificate issued by the relevant authorities. Consequently, the liability if any, of interest which would be payable on delayed payments under Small Scale and Ancillary Industrial Undertakings Act 1993, of India cannot be ascertained. However, the Company has not received any claim in respect of such interest. In view of the above, outstanding due to Small Scale industrial undertaking cannot be ascertained.

11. The balance of secured and unsecured loans, sundry debtors, sundry creditors, current liabilities, loans and advances are subject to confirmation and reconciliation. Adjustments, which may arise on receipts of confirmation and completion of reconciliation, are not ascertainable at this stage.

12. Previous year figures are re grouped / re arranged / re classified wherever is necessary.

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Mar 31, 2012

1) Excise Duty on closing stock: The Company follows the practice of not providing for excise duty on finished goods materials not cleared from the factory premises. Consequently the said practice has no effect on the Profit & Loss Account for the year.

2) Remuneration to directors: Remuneration to Executive Director Rs.8,40,000/- & Rs.8,40,000/- who is in Whole-time Employment of the Company. However the permission of Central Government is yet to be obtained.

3) Particulars regarding Capacity, Production and Stocks and Material consumed:

A. Capacity

The Company does not need industrial license for production hence figures relating to licensed and installed capacity is not required.

4) In the opinion of the management Fixed Assets, Current assets, Loans & advances and Current Liability and Provisions are at net realizable value in the ordinary course of business.

5) Inventories are valued and certified by the management in respect of quality, quantity and value.

6) The Company has not appointed full time Company Secretary as required under the Company Act of 1956, but efforts are being made to recruit someone, if available within the Company's norms.

7) Company is contingently liable to pay Import and Inland Letter of Credit of Rs.1,23,48,725.02

8) As regards the Accounting Standard 17 'Segment Reporting' there is neither more than one business segment nor more than one geographical segment, segment information as per AS - 17 is not required to be disclosed.

9) The company does not possess information as to which of its suppliers is small scale Industrial undertakings holding permanent registration certificate issued by the relevant authorities. Consequently, the liability, if any, of interest which would be payable on delayed payments under Small Scale and Ancillary Industrial Undertakings Act, 1993, of India cannot be ascertained. However, the Company has not received any claim in respect of such interest. In view of the above, outstanding dues to Small - scale industrial undertaking cannot be ascertained.

10) The balances of secured and unsecured loans, sundry debtors, sundry creditors, current liabilities, loans, and advances are subject to confirmation and reconciliation. Adjustments, which may arise on receipts of confirmation and completion of reconciliation, are not ascertainable at this stage.

11) Previous year figures are regrouped / rearranged / reclassified wherever necessary.

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Mar 31, 2011

1) Excise Duty on closing stock: The Company follows the practice of not providing for excise duty on finished goods materials not cleared from the factory premises. Consequently the said practice has no effect on the Profit & Loss Account for the year.

2) Remuneration to directors: Remuneration to Executive Director Rs.4,80,000/- & Rs.4,80,000/- who is in Whole-time Employment of the Company. However the permission of Central Government is yet to be obtained.

3) Particulars regarding Capacity, Production and Stocks and Material consumed:

A. Capacity

The Company does not need industrial license for production hence figures relating to licensed and installed capacity is not required.

4) In the opinion of the management Fixed Assets, Current assets, Loans & advances and Current Liability and Provisions are at net realizable value in the ordinary course of business.

5) Inventories are valued and certified by the management in respect of quality, quantity and value.

6) Deferred Revenue expenses are Preliminary expenses and Public issue expenses. These expenses are written off over a period of ten years.

7) Company is contingently liable to pay Import and Inland Letter of Credit of Rs.89,81,478.09

8) Related Party Disclosures:

(In accordance with Accounting Standard 18 issued by the Institute of Chartered Accountants of India)

9) As regards the Accounting Standard 17 'Segment Reporting' there is neither more than one business segment nor more than one geographical segment, segment information as per AS – 17 is not required to be disclosed.

10) The company does not possess information as to which of its suppliers is small scale Industrial undertakings holding permanent registration certificate issued by the relevant authorities. Consequently, the liability, if any, of interest which would be payable on delayed payments under Small Scale and Ancillary Industrial Undertakings Act, 1993, of India can not be ascertained. However, the Company has not received any claim in respect of such interest. In view of the above, outstanding dues to Small – scale industrial undertaking cannot be ascertained.

11) Previous year figures are regrouped / rearranged / reclassified wherever necessary.

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Mar 31, 2010

1. Excise Duty on closing stock: The Company follows the practice of not providing for excise duty on finished goods materials not cleared from the factory premises. Consequently the said practice has no effect on the Profit & Loss Account for the year.

2. In the opinion of the management Fixed Assets, Current assets, Loans & advances and Current Liability and Provisions are at net realizable value in the ordinary course of business.

3. Inventories are valued and certified by the management in respect of quality, quantity and value.

4. Deferred Revenue expenses are Preliminary expenses and Public issue expenses. These expenses are written off over a period of ten years.

5. The Company has not appointed full time Company Secretary as required under the Company Act of 1956, but efforts are being made to recruit someone, if available within the Company's norms.

6. Company is contingently liable to pay Letter of Credit Amount of Rs.1,36,27,620/-.

7. As regards the Accounting Standard 17 'Segment Reporting' there is neither more than one business segment nor more than one geographical segment, segment information as per AS – 17 is not required to be disclosed.

8. The company does not possess information as to which of its suppliers is small scale Industrial undertakings holding permanent registration certificate issued by the relevant authorities. Consequently, the liability, if any, of interest which would be payable on delayed payments under Small Scale and Ancillary Industrial Undertakings Act, 1993, of India can not be ascertained. However, the Company has not received any claim in respect of such interest. In view of the above, outstanding dues to Small - scale industrial undertaking cannot be ascertained.

9. Previous year figures are regrouped / rearranged / reclassified wherever necessary.

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Mar 31, 2009

1. Excise Duty on closing stock: The Company follows the practice of not providing for excise duty on finished goods materials not cleared from the factory premises. Consequently the said practice has no effect on the Profit & Loss Account for the year.

2 Remuneration to directors: Remuneration to Executive Director Rs.2,60,000/- & Rs.2,40,000/- who is in Whole-time Employment of the Company. However the permission of Central Government is yet to be obtained.

3. Particulars regarding Capacity, Production and Stocks and Material consumed :

A. Capacity

The Company does not need industrial license for production hence figure relating to licensed and installed capacity is not required.

4. In the opinion of the management Fixed Assets, Current assets, Loans & advances and Current Liability and Provisions are at net realizable value in the ordinary course of business.

5. Inventories are valued and certified by the management in respect of quality, quantity and value.

6. Deferred Revenue expenses are Preliminary expenses and Public issue expenses. These expenses are written off over a period often years.

7. The Company has not appointed full time Company Secretary as required under the Company Act of 1956, but efforts are being made to recruit someone, if available within the Companys norms.

8. As regards the Accounting Standard 17 Segment Reporting there is neither more than one business segment nor more than one geographical segment, segment information as per AS - 17 is not required to be disclosed.

9. The company does not possess information as to which of its suppliers is small scale Industrial undertakings holding permanent registration certificate issued by the relevant authorities. Consequently, the liability, if any, of interest which would be payable on delayed payments under Small Scale and Ancillary Industrial Undertakings Act, 1993, of India can not be ascertained. However, the Company has not received any claim in respect of such interest. In view of the above, outstanding dues to Small - scale industrial undertaking cannot be ascertained.

10. Previous year figures are regrouped / rearranged / reclassified wherever necessary.

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Mar 31, 2005

1. Excise Duty on closing stock : The Company follows the practice of not providing for excise duty on finished goods materials not cleared from the factory premises. Consequently the said practice has no effect on the Profit & Loss Account for the year.

2. Remuneration to directors : Remuneration to Executive Director Rs.3,06,000/- who is in Whole-time Employment of the Company. However the permission of Central Government is yet to be obtained.

3. In the opinion of the management Fixed Assets, Current assets, Loans & advances are Current Liability and Provisions are at net realisable value in the ordinary course of business.

4. Inventories are valued and certified by the management in respect of quality & value.

5. Deferred Revenue expenses are Preliminary expenses and Public issue expenses. These expenses are written off over a period of ten years.

6. Previous year figures are regrouped / rearranged / reclassified wherever necessary.