అకౌంట్స్ గమనికలుMardia Samyoung Capillary Tubes Company Ltd.

Mar 31, 2025

1:15 Transfer Pricing

The Company''s management is of the opinion that its international transactions are at arm''s length so the appropriate legislation will not have an impact on the financial statements, particularly on the tax expenses and that of provision for taxation.

1:16. Operating lease

Leases where the lessor retains, substantially all the risks and rewards incidental to ownership of the leased assets are classified as operating lease. Operating lease expense are recognized in the statement of profit and loss on a straight - line basis over the lease term.

1:17 Revenue recognition

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

Interest Income

Interest Income from a financial asset is recognised when it is probable that the economic benefit will flow to the company and the amount of Income can be measured reliably. Interest Income is accrued on a time basis by reference to the amortised cost and at the effective interest rate applicable.

1:18 Taxation

Income Tax expense comprises current income tax (i.e. amount of tax for the period determined in accordance with the income tax law) and deferred tax charge or credit (reflecting the tax effects of timing differences between accounting income and taxable income for the period). The deferred tax charge or credit and the corresponding deferred tax liabilities or assets are recognized using the tax rates that have been enacted or substantively enacted by the balance sheet date. Deferred tax assets are recognized only to the extent there is reasonable certainty that the assets can be realized in future, however where there is unabsorbed depreciation or carried forward loss under taxation lows deferred tax assets are recognized only if there is a virtual certainty of realization of such assets. Deferred tax assets are reviewed at each balance sheet date and written down or written up to reflect the amount that is reasonably /virtually certain (as the case may be) to be realized.

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Mar 31, 2024

1:7 Provisions and contingencies

A provision is recognized when the Company has a present obligation as a result of a past event, it is probable that an
outflow of resources embodying economic benefits will be required to settle the obligation, 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, Where there is a possible obligation or a present obligation that the
likelihood of outflow of resources is remote, no provision or disclosure is made.

1:8 Property, Plant and Equipment and depreciation

Property, Plant and Equipment are carried at cost of acquisition or construction less accumulated depreciation and
accumulated impairment losses, if any. The cost comprises purchase price (excluding refundable taxes) borrowing
costs if capitalization criteria are met and directly attributable cost of bringing the asset to its working condition for the
intended use. Any trade discounts and rebates are deducted in arriving at the purchase price.

Depreciation on Property, Plant and Equipment has been provided on straight line method as prescribed in Schedule II
to the Companies. Act 2013, except in respect of certain assets in whose case the like of the assets has been assessed
based on technical certification taking into account the nature of the assets the estimated usage of the assets the
operating conditions of the assets past history of replacement, anticipated technological changes etc.

The estimated useful lives of the tangible fixed assets are as per Schedule II of Companies. Act 2013,

1:9 Inventories

Inventories are valued at lower of cost and estimated net realisable value, after providing for cost of obsolescence and
other anticipated losses, wherever considered necessary. Cost is computed on weighted average basis.

Net realizable value is the estimated selling price in the ordinary course of business less estimated costs of completion
and estimated costs necessary to make the sale.

1:10 Foreign exchange transactions

i. Transaction in foreign currency are recorded at the exchange rates prevailing on the dates of the transactions.
Variations, if any on actual realisation/payment are considered in the Profit and Loss Account.

ii. Current assets and current liabilities relating to transactions in foreign currency remaining unsettled at the year-
end are restated at year end rates and differences, if any are considered in the Profit and Loss Account.

iii. Exchange differences, if any arising on settlement of liabilities incurred for purchase of fixed assets are considered
in the Profit and Loss Account.

1:11 Employee Benefits

a. Defined Contribution Plans

The Company has defined contribution plan for post-employment benefits namely provident fund and Maharashtra
labour welfare fund which are recongnised by the Income Tax authorities.

Under the provident fund plan the Company contributes to a Government administered provident fund on behalf of its
employees and has no further obligation beyond making its contribution.

The Company''s contributions to the above funds are changed to expenses every year.

1:12 Investments

Long-term investments are stated at cost. Provision is made to recognize a decline, other than temporary in value of
long term Investments and is determined separately for each individual investment. Current Investments are stated at
lower of cost and fair value, computed separately in respect of each category of investment.

1:13 Impairment of Assets

The Company assesses at each balance sheet date whether there is any indication that an asset may be impaired. If any
such indication exists, the company estimates the recoverable amount of the asset. If such recoverable amount of the
asset or the recoverable amount of the cash generating unit to which the asset belongs is less than its carrying amount,
the carrying amount is reduced to its recoverable amount. The reduction is treated is treated as an impairment loss and
is recognised in the statement of profit and loss. If at the balance sheet date there is an indication that if a previously
assessed impairment loss no longer exists, the recoverable amount is reassessed and the asset is reflected at the lower
of recoverable amount and the carrying amount that would have been determined had no impairment loss been
recognised.

1:14 Segment Reporting

The Company identifies primary segments based on the dominant source, nature of risks and returns and the internal
organisation and management structure. The operating segments are the segments for which separate financial
information is available and for which operating profit/loss amounts are evaluated regularly by the executive
management in deciding how to allocate resources and in assessing performance. The accounting policies adopted for
segment reporting are in line with the accounting policies of the company. Segment revenue, segment expenses
segment assets and segment liabilities have been identified to segments on the basis of their relationship to the
operating activities of the segment. Revenue expenses, assets and liabilities which relate to the Company as a whole
and are not allocable to segments on reasonable basis, have been included under unallocated revenue/expenses/assets
/ liabilities.

1:15 Transfer Pricing

The Company''s management is of the opinion that its international transactions are at arm''s length so the appropriate
legislation will not have an impact on the financial statements, particularly on the tax expenses and that of provision for
taxation.

1:16. Operating lease

Leases where the lessor retains, substantially all the risks and rewards incidental to ownership of the leased assets are
classified as operating lease. Operating lease expense are recognized in the statement of profit and loss on a straight -
line basis over the lease term.

1:17 Revenue recognition

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

Interest Income

Interest Income from a financial asset is recognized when it is probable that the economic benefit will flow to the
company and the amount of Income can be measured reliably. Interest Income is accrued on a time basis by reference
to the amortized cost and at the effective interest rate applicable.

1:18 Taxation

Income Tax expense comprises current income tax (i.e. amount of tax for the period determined in accordance with the
income tax law) and deferred tax charge or credit (reflecting the tax effects of timing differences between accounting
income and taxable income for the period). The deferred tax charge or credit and the corresponding deferred tax
liabilities or assets are recognized using the tax rates that have been enacted or substantively enacted by the balance
sheet date. Deferred tax assets are recognized only to the extent there is reasonable certainty that the assets can be
realized in future, however where there is unabsorbed depreciation or carried forward loss under taxation lows
deferred tax assets are recognized only if there is a virtual certainty of realization of such assets. Deferred tax assets are
reviewed at each balance sheet date and written down or written up to reflect the amount that is reasonably /virtually
certain (as the case may be) to be realized.

For M/s SHYAM C. AGRAWAL & CO. For and on behalf of Board of Directors

Chartered Accountants MARDIA SAMYOUNG CAPILLARY TUBES COMPANY

LIMITED

Sd/- Sd/-

Sd/-

_S. _C. _AGRAWAL RAVINDRA MARDIA GAURAV MARDIA

(P_rop_ri_et_or) Managing Director Director

Membership No. 31774 DIN: 00077012 DIN: 00074333

Place: Mumbai ^Sd/-

^{Dated: 30th May}, ²⁰²⁴ ANAND SHINDE POONAM KANADE

Chief Financial Officer Company Secretary

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Mar 31, 2015

The Company has with effect from 1st April 2014, adopted estimated useful life of Fixed Assets as stipulated by Schedule II to the Companies Act 2013, applicable for accounting periods commencing 1st April 2014 or re-assessed useful life based on technical evaluation. Accordingly, depreciation of Rs. 26076967.00 on account of assets whose useful life is already exhausted as on 1st April, 2014 has been adjusted against Surplus in Profit and Loss Account. The consequential impact (after considering the transition provision specified in Part C of Schedule II of Companies Act, 2013) on the depreciation charged and on the results for year to date is not material.

1. CONTINGENT LIABILITIES NOT PROVIDED FOR

a) According to the information and explanations given to us, an amount of Rs. 748.52 Lacs, (Rs. 659.88 Lacs) of MSL towards Customs Import Duty, Interest & Penalty on the capital goods imported under EPCG Scheme & resultant export obligation not fulfilled is payable by the company. Proportionate custom duty amount saved, in respect of Advance Import License against which export obligation is pending, is Rs. 260.84 Lacs (Rs. 221.82 Lacs) Bank Guarantees issued against the same is Rs. 101.10 Lacs (Rs. 101.10 Lacs) & an amount of Rs. 133.55 lacs (Rs. 112.68 lacs) of MEL towards Custom Duty saved on Import of Capital goods under EPCG scheme & an amount of Rs. 33.46 lacs (Rs.21.52 lacs) of MTL towards Custom Duty saved on Import of Capital goods under EPCG scheme and Bank Guarantees issued against the same is Rs. 10.670 Lacs (Rs. 9.00 Lacs) & Rs. 18.07 lacs (Rs. 11.62 Lacs) respectively. Further an amount of Rs. 655.01 Lacs (239.16 Lacs) of MSL is pending towards the Excise Duty, Interest & Penalty claims made by the various Central Excise authorities, the company has preferred Appeals against such orders, at the appropriate levels. An Amount of Rs. 37.99 lacs (Rs.32.05 lacs) of MEL towards Excise Duty & Penalty, & an amount of Rs. 74.49 lacs (Rs. 16.00 Lacs) of MTL towards Excise duty and Penalty. Flowever, there is an amount of Rs. 2.43 lacs towards Income Tax demand of MEL and an amount of Rs. 3.40 lacs towards Income Tax demand of MTL is payable in respect of income tax. There no other , wealth tax, sales tax, custom duty and excise duty were outstanding as at 31st March, 2014 for a period of more than six months from the date they became payable.

b) Custom duty saved on import of total Capital goods under EPCG Scheme is Rs 137.50 Lacs (Rs. 137.50 Lacs). Bank Guarantee issued against the same is Rs. 70.37 Lacs (Rs 70.37 Lacs). Total export obligation under the EPCG Scheme was USD 81.25 Lacs.

c) Bank Guarantee for obtaining power given to Gujarat Electricity Board is Rs. 5.00 Lacs (Rs. 5.00 Lacs)

2. Sundry debtors, creditors and advances are subject to confirmation and reconciliation.

3. The opinion of Board of Directors, the Current assets, loans and advances have a value of at least equal to the amounts shown in the balance sheet. If realized in the ordinary course of business provision for all known liabilities is adequate and not in excess of amount considered reasonably necessary. There are no contingent liabilities other than those stated in Note No. 1.

4. The company operates in one segment only, of manufacturing Stainless Steel, Copper and Brass Tubes, Bars, Ingots etc. Hence in the opinion of the management this is the only reportable segment. As per accounting standard 17 on segment reporting issued by the Institute of Chartered Accountants of India.

5. Related Party Disclosures :

I. List of Related Parties over which control exists

Sr. No. Related Parties

I Associates

Mardia Tube & Wire Industries

II Key Management Personnel (KMP)

Surendra Mardia

Ravindra Mardia Omana Nayak

HI Relatives & Enterprises of KMP

Sunita Mardia Bina Mardia Gaurav Mardia

II Names of the Related Parties with whom transactions were carried out during year and description of relationship

Sr. No. Name of the Related Party

I Associates

Mardia Tube & Wire Industries

II Key Management Personnel (KMP)

Ravindra Mardia

Omana Nayak

6. Additional information pursuant to the provision of paragraphs (3) & (4) of part II of schedule VI to The Company's Act, 1956, read together with other notes.

7. The Company has not received any information from any of the suppliers of their being a small scale industrial unit. Hence the amount due to small scale industrial unit outstanding as on 31" March, 2015 are not ascertainable.

8. Figures for the previous year have been regrouped, reclassified wherever necessary to make them comparable with the current year's figures. Figures in the bracket, wherever appeared are for previous year.

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Mar 31, 2013

1. CONTINGENT LIABILITIES NOT PROVIDED FOR

a) According to the information and explanations given to us, an amount of Rs.748.521 Lacs. (Rs.659.88 Lacs), towards Customs Import Duty, Interest & Penalty on the capital goods imported under EPCG Scheme & resultant export obligation not fulfilled is payable by the company. Proportionate custom duty amount saved, in respect of Advance Import License against which export obligation is pending, is Rs. 260.81 Lacs (Rs.221.82 Lacs). Bank Guarantees issued against the same is Rs. 101.10 Lacs (Rs. 101.10 Lacs). Further an amount of Rs. 655.01Lacs (239.16 Lacs) is pending towards the Excise Duty, Interest & Penalty claims made by the various Central Excise authorities, the company has preferred Appeals against such orders, at the appropriate levels. However, no other amount payable in respect of income tax, wealth tax, sales tax, custom duty and excise duty were outstanding as at 31st March, 2012 for a period of more than six months from the date they became payable.

b) Custom duty saved on import of total Capital goods under EPCG Scheme is Rs 137.50 Lacs (Rs.137.50 Lacs). Bank Guarantee issued against the same is Rs. 70.37 Lacs (Rs 70.37 Lacs). Total export obligation under the EPCG Scheme was USD 81.25 Lacs.

c) Bank Guarantee for obtaining power given to Gujarat Electricity Board is Rs. 5.00 Lacs (Rs. 5.00 Lacs)

2. Sundry debtors, creditors and advances are subject to confirmation and reconciliation.

3. The opinion of Board of Directors, the Current assets, loans and advances have a value of at least equal to the amounts shown in the balance sheet. If realized in the ordinary course of business provision for all known liabilities is adequate and not in excess of amount considered reasonably necessary. There are no contingent liabilities other than those stated in Note No. 1.

4. The company operates in one segment only, of manufacturing Stainless Steel, Copper and Brass Tubes, Bars, Ingots etc. Hence in the opinion of the management this is the only reportable segment. As per accounting standard 17 on segment reporting issued by the Institute of Chartered Accountants of India.

5. Additional information pursuant to the provision of paragraphs (3) & (4) of part II of schedule VI to The Company''s Act, 1956, read together with other notes.

6. REFERENCE TO BIFR

As per the Audited Accounts as on 31/03/1999, the Company''s net worth has been fully eroded and the Company has filed the reference to B.I.F.R. under section 15 of Sick Industrial Companies (Special Provision) Act, 1985. The Company has been registered with B.I.F.R. M/s Mardia Extrusions Ltd. (MEL) has submitted a new DRS for the merger with your company to the Hon''ble B.I.F.R. through its operating agency UBI. Now the company is waiting for the approval of merger of MTL, MEL & MSL from the Hon''ble B.I.F.R. The Scheme has been passed by the BIFR & we are waiting for the Minutes.

7. The Company has not received any information from any of the suppliers of their being a small scale industrial unit. Hence the amount due to small scale industrial unit outstanding as on 31" March, 2013 are not ascertainable.

8. Figures for the previous year have been regrouped, reclassified wherever necessary to make them comparable with the current year''s figures. Figures in the bracket, wherever appeared are for previous year.

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Mar 31, 2012

1. CONTINGENT LIABILITIES NOT PROVIDED FOR

a) According to the information and explanations given to us, an amount of Rs.748.521Lacs. (Rs.659.R8 Lacs), towards Customs Import Duty, Interest & Penalty on the capital goods imported under EPCG Scheme & resultant export obligation not fulfilled is payable by the company. Proportionate custom duty amount saved, in respect of Advance Import License against which export obligation is pending, is Rs. 260.81 Lacs (Rs.221.82 Lacs). Bank Guarantees issued against the same is Rs. 101.10 Lacs (Rs. 101.10 Lacs). Further an amount of Rs. 655.01Lacs (239.16 Lacs) is pending towards the Excise Duty, Interest & Penalty claims made by the various Central Excise authorities, the company has preferred Appeals against such orders, at the appropriate levels. However, no other amount payable in respect of income tax, wealth tax, sales tax, custom duty and excise duty were outstanding as at 31st March, 2012 for a period of more than six months from the date they became payable.

b) Custom duty saved on import of total Capital goods under EPCG Scheme is Rs 137.50 Lacs (Rs. 137.50 Lacs). Bank Guarantee issued against the same is Rs. 70.37 Lacs (Rs 70.37 Lacs). Total export obligation under the EPCG Scheme was USD 81.25 Lacs.

c) Bank Guarantee for obtaining power given to Gujarat Electricity Board is Rs. 5.00 Lacs (Rs. 5.00 Lacs)

2. Sundry debtors, creditors and advances are subject to confirmation and reconciliation.

3. The opinion of Board of Directors, the Current assets, loans and advances have a value of at least equal to the amounts shown in the balance sheet, if realized in the ordinary course of business provision for alt known liabilities is adequate and not in excess of amount considered reasonably necessary. There are no contingent liabilities other than those stated in Note No. 1.

4. The company operates in one segment only, of manufacturing Stainless Steel, Copper and Brass Tubes, Bars, Ingots etc. Hence in the opinion of the management this is the only reportable segment. As per accounting standard117 on segment reporting issued by the Institute of Chartered Accountants of India.

5. REFERENCE TO BIFR

As per the Audited Accounts as on 31/03/1999, the Company''s net worth has been fully eroded and the Company has filed the reference to B.I.F.R. under section 15 of Sick Industrial Companies (Special Provision) Act, i 985. The Company has been registered with B.I.F.R. M/s Mardia Extrusions Ltd. (MEL) has submitted a new DRS for the merger with your company to the Hon''ble B.I.F.R. through its operating agency UB1. Now the company is waiting for the approval of merger of MTL, MEL & MSL from the Hon''ble B.I.F.R. The Scheme has been passed by the BIFR & we are waiting for the Minutes.

6. The Company has not received any information from any of the suppliers of their being a small scale industrial unit. Hence the amount due to small scale industrial unit outstanding as on 31st March, 2012 are not ascertainable.

7. Figures for the previous year have been regrouped, reclassified wherever necessary to make them comparable with the current year''s figures. Figures in the bracket, wherever appeared are for previous year.

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Mar 31, 2010

1. CONTINGENT LIABILITIES NOT PROVIDED FOR

a) According to the information and explanations given to us, an amount of Rs.748.521 Lacs. (Rs.659.88 Lacs). towards Customs Import Duty, Interest & Penalty on the capital goods imported under EPCG Scheme & resultant export obligation not fulfilled is payable by the company. Proportionate custom duty amount saved, in respect of Advance Import License against which export obligation is pending, is Rs. 260.81 Lacs (Rs.221.82 Lacs). Bank Guarantees issued against the same is Rs. 101.10 Lacs (Rs. 101.10 Lacs). Further an amount of Rs. 655.01 Lacs (239.16 Lacs) is pending towards the Excise Duty, Interest & Penalty claims made by the various Central Excise authorities, the company has preferred Appeals against such orders, at the appropriate levels. However, no other amount payable in respect of income tax, wealth tax, sales tax, custom duty and excise duty were outstanding as at 31 st March, 2010 for a period of more than six months from the date they became payable.

b) Custom duty saved on import of total Capital goods under EPCG Scheme is Rs 137.50 Lacs (Rs. 137.50 Lacs). Bank Guarantee issued against the same is Rs. 70.37 Lacs (Rs 70.37 Lacs). Total export obligation under the EPCG Scheme was USD 81.25 Lacs.

c) Bank Guarantee for obtaining power given to Gujarat Electricity Board isRs. 5.00 Lacs(Rs. 5.00 Lacs)

2. Sundry debtors, creditors and advances are subject to confirmation and reconciliation.

3. The opinion of Board of Directors, the Current assets, loans and advances have a value of at least equal to the amounts shown in the balance sheet. If realized in the ordinary course of business provision for all known liabilities is adequate and not in excess of amount considered reasonably necessary. There are no contingent liabilities other than those stated in Note No. 1.

4. The company operates in one segment only, of manufacturing Stainless Steel, Copper and Brass Tubes, Bars, Ingots etc. Hence in the opinion of the management this is the only reportable segment. As per accounting standard 17 on segment reporting issued by the Institute of Chartered Accountants of India.

5. Related Party Disclosures :

1. List of Related Parties over which control exists

Sr. No. Related Parties

I Associates

Mardia Tubes Ltd

Mardia Extrusions Ltd

Mardia Tube & Wire Industries

11 Key Management Personnel (KMP)

Surendra Mardia

Ravindra Mardia

Omana Nayak

III Relatives & Enterprises of KMP

Sunita Mardia

Bina Mardia

Gaurav Mardia

II Names of the Related Parties with whom transactions were carried out during year and description of relationship

Sr. No. Name of the Related Party

I Associates

Mardia Tubes Ltd.

Mardia Extrusions Ltd.

Mardia Tube & Wire Industries

II Key Management Personnel (KMP)

Ravindra Mardia

Omana Nayak

7. Additional information pursuant to the provision of paragraphs (3) & (4) of part II of schedule VI to The Companys Act, 1956, read together with other notes.

8. REFERENCE TO BIFR

As per the Audited Accounts as on 31/03/1999, the Companys net worth has been fully eroded and the Company has filed the reference to B.I.F.R. under section 15 of Sick Industrial Companies (Special Provision) Act, 1985. The Company has been registered with B.I.F.R. and ICICI Bank has been appointed as the Operating Agency. During the year M/s Mardia Extrusions Ltd. (MEL) has submitted a new DRS for the merger with your company to the Honble B.I.F.R. through its operating agency UBI. Now the company is waiting for the approval of merger of MTL, MEL & MSL from the Honble B.I.F.R.

9. The Company has not received any information from any of the suppliers of their being a small scale industrial unit. Hence the amount due to small scale industrial unit outstanding as on 31st March, 2010 are not ascertainable.

10. Figures for the previous year have been regrouped, reclassified wherever necessary, to make them comparable with the current years figures. Figures in the bracket, wherever appeared are for previous year.

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Mar 31, 2009

1. CONTINGENT LIABILITIES NOT PROVIDED FOR

a) According to the information and explanations given to us, an amount of Rs. 659.88 Lacs, (Rs. 659.88 Lacs), towards Customs Import Duty, Interest & Penalty on the capita! goods imported under EPCG Scheme & resultant export obligation not fulfilled is payable by the company. Proportionate custom duty amount saved, in respect of Advance Import License against which export obligation is pending, is Rs. 221.82 Lacs (Rs. 221.82 Lacs). Bank Guarantees issued against the same is Rs. 101.10 Lacs (Rs. 101.10 Lacs). Further an amount of Rs. 239.16 Lacs (239.16 Lacs) is pending towards the Excise Duty, Interest & Penalty claims made by the various Central Excise authorities, the company has preferred Appeals against such orders, at the appropriate levels. However, no other amount payable in respect of income tax, wealth tax, sales tax, custom duty and excise duty were outstanding as at 31 st March, 2008 for a period of more than six months from the date they became payable.

b) Custom duty saved on import of total Capital goods under EPCG Scheme is Rs 137.50 Lacs (Rs. 137.50 Lacs). Bank Guarantee issued against the same is Rs. 70.37 Lacs (Rs 70.37 Lacs). Total export obligation under the EPCG Scheme was USD 81.25 Lacs.

c) Bank Guarantee for obtaining power given to Gujarat Electricity Board is Rs. 5.00 Lacs (Rs. 5.00 Lacs)

2. Sundry debtors, creditors and advances are subject to confirmation and reconciliation.

3. In the opinion of Board of Directors, the Current assets, loans and advances have a value of at least equal to the amounts shown in the balance sheet. If realized in the ordinary course of business provision for all known liabilities is adequate and not in excess of amount considered reasonably necessary. There are no contingent liabilities other than those stated in Note No. 1.

4. The company operates in one segment only, of manufacturing Stainless Steel, Copper and Brass Tubes, Bars, Ingots etc. Hence in the opinion of the management this is the only reportable segment. As per accounting standard 17 on segment reporting issued by the Institute of Chartered Accountants of India.

5. As on 31st March 2008, the Company has revalued its fixed assets as per the valuation of registered value. This has resulted in to increase in the Gross Block by Rs. 37034625/- and corresponding increase in the Revaluation Reserve by the same amount.

6. Related Party Disclosures:

7. a. Associates cover entities over which Key Management Personnel / their relatives are able to exercise significant influence.

b. Related party as defined under Clause 3 of Accounting Standard -18 has been identified on the basis of representation made by key managerial personnel and information available with the company.

c. There are no provisions for doubtful debts or amounts written off or written back during the year, for debts due from or to related parties.

8. Additional information pursuant to the provision of paragraphs (3) & (4) of part II of schedule VI to The Companys Act, 1956, read together with other notes.

9. REFERENCE TO BIFR

As per the Audited Accounts as on 31 /03/1999, the Companys net worth has been fully eroded and the Company has filed the reference to B.I.F.R. under section 15 of Sick Industrial Companies (Special Provision) Act, 1985. The Company has been registered with B.I.F.R. and ICICI Bank has been appointed as the Operating Agency. During the Year M/s. Mardia Extrusions Ltd. (MEL) has submitted a new DRS for Merger with Your Company to the Honble B.I.F.R. through its operating Agency UB1. Now the Company is waiting for approval of merger MTLMEL& MSL from Honble B.I.F.R.

10. The Company has not received any information from any of the suppliers of their being a small scale industrial unit. Hence the amount due to small scale industrial unit outstanding as on 31st] March, 2009 are not ascertainable.

11. CALCULATION OF DEFFERED TAX LIABILITY AS ON 31.03.2009

12. Figures for the previous year have been regrouped, reclassified wherever necessary to make them comparable with the current years figures. Figures in the bracket, wherever appeared are for previous year.