అకౌంట్స్ గమనికలుRidhi Synthetics Ltd.

Mar 31, 2025

(i) Provisions, contingent liabilities and contingent assets

Provisions are recognised when the Company has a present obligation (legal or constructive) 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. If the effect of the time value of money is material, provisions are discounted using equivalent period government securities
interest rate. Unwinding of the discount is recognised in the statement of profit and loss as a finance cost. Provisions are reviewed at each
balance sheet date and are adjusted to reflect the current best estimate. Contingent liabilities are disclosed when there is a possible obligation
arising from past events, the existence of which 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 or a present obligation that arises from past events where it is either not probable that an
outflow of resources will be required to settle or a reliable estimate of the amount cannot be made. Information on contingent liability is disclosed
in the Notes to the Financial Statements. Contingent assets are not recognised. However, when the realisation of income is
virtually certain, then the related asset is no longer a contingent asset, but it is recognised as an asset.

(j) Employee benefits

Liability towards leave entitlements (short term) of employees is determined as per rules of the Company and provided for. Liability towards
Gratuity entitlement is determined as per provisions of the Payment of Gratuity Act, 1972 and provided for.

(k) Earnings per share

Basic earnings per share are calculated by dividing the net profit or loss (excluding other comprehensive income) for the year attributable to
equity shareholders by the weighted average number of equity shares outstanding during the year. The weighted average number of equity
shares outstanding during the year is adjusted for events such as bonus issue, bonus element in a right issue, shares split and reserve share
splits (consolidation of shares) that have changed the number of equity shares outstanding, without a corresponding change in resources. For the
purpose of calculating diluted earnings per share, the net profit or loss (excluding other comprehensive income) for the year attributable to equity
share holders and the weighted average number of shares outstanding during the year are adjusted for the effects of all dilutive potential equity
shares.

(l) Fair value measurement:

The Company measures financial instruments at fair value at each balance sheet date. Fair value is the price that would be received to sell an
asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is
based on the presumption that the transaction to sell the asset or transfer the liability takes place either:

a) In the principal market for the asset or liability, or

b) In the absence of a principal market, in the most advantageous market for the asset or liability. A fair value measurement of a non-financial
asset takes into account a market participant''s ability to generate economic benefits by using the asset in its highest and best use or by selling it
to another market participant that would use the asset in its highest and best use. The Company uses valuation techniques that are appropriate in
the circumstances and for which sufficient data are available to measure fair value, maximising the use of relevant observable inputs and
minimising the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the

financial statements are categorised within the fair value hierarchy.

(m) Leases

As a lessee

The Company''s lease asset classes primarily consist of leases for land and buildings. The Company assesses whether a contract contains
contract. A contract is, or contains, a lease a lease, at inception of a if the contract conveys the right to control the use of an identified asset for a
period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the
Company assesses whether: (i) the contract involves the use of an identified asset (ii) the Company has substantially all of the economic benefits
from use of the asset through the period of the lease and (iii) the Company has the right to direct the use of the asset. At the date of
commencement of the lease, the Company recognizes a right-of-use asset (“ROU”) and a corresponding lease liability for all lease arrangements
in which it is a lessee, except for leases with a term of twelve months or less (short-term leases) and low value leases. For these short-term and
low value leases, the Company recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease.
Certain lease arrangements includes the options to extend or terminate the lease before the end of the lease term. ROU assets and lease
liabilities includes these options when it is reasonably certain that they will be exercised. The right-of-use assets are initially recognized at cost,
which comprises the initial amount of the lease liability adjusted for any lease

payments made at or prior to the commencement date of the lease plus any initial direct costs less any lease incentives. They are subsequently
measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated from the commencement date on a
straight-line basis over the shorter of the lease term and useful life of the underlying asset. Right of use assets are evaluated for recoverability
whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable.

For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is
determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In
such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs.

The lease liability is initially measured at amortized cost at the present value of the future lease payments. The lease payments are discounted
using the interest rate implicit in the lease or, if not readily determinable, using the incremental borrowing rates in the country of domicile of these
leases. Lease liabilities are remeasured with a corresponding adjustment to the related right of use asset if the Company changes its assessment
if whether it will exercise an extension or a termination option.

The discount rate is generally based on the incremental borrowing rate specific to the lease being evaluated or for a portfolio of leases with
similar characteristics. Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been
classified as financing cash flows.

The Company as a lessor

When the Company is an intermediate lessor, it accounts for its interests in the head lease and the sublease separately. The sublease is
classified as a finance or operating lease by reference to the right- of-use asset arising from the head lease.

For operating leases, rental income is recognized on a straight line basis over the term of the relevant lease.

(n) Significant Accounting Judgments, Estimates And Assumptions:

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the reported
amounts of revenues, expenses, assets and liabilities, and the accompanying disclosures, and the disclosure of contingent liabilities. 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. The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that
have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are
described below. The Company based on its assumptions and estimates on parameters available when the financial statements were prepared.
However, existing circumstances and assumptions about future developments may change due to market changes or circumstances arising that
are beyond the control of the Company. Such changes are reflected in the assumptions when they occur.

i) Property, plant and equipment, Investment Properties and Intangible Assets:

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 as per schedule II of the Companies Act, 2013 or are based on the
Company''s historical experience with similar assets and taking into account anticipated technological changes, whichever is more appropriate.

ii) Income Tax:

The Company reviews at each balance sheet date the carrying amount of deferred tax assets. The factors used in estimates may differ from
actual outcome which could lead to an adjustment to the amounts reported in the standalone financial statements.

iii) Contingencies:

Management has estimated the possible outflow of resources at the end of each annual reporting financial year, if any, in respect of
contingencies/claim/litigations against the Company as it is not possible to predict the outcome of pending matters with accuracy.

iv) Impairment of financial assets:

The impairment provisions for financial assets are based on assumptions about risk of default and expected cash loss. The Company uses
judgment in making these assumptions and selecting the inputs to the impairment calculation, based on Company''s past history, existing market
conditions as well as forward looking estimates at the end of each reporting period.

v) Recoverability of trade receivable:

Judgments are required in assessing the recoverability of overdue trade receivables and determining whether a provision against those
receivables is required. Factors considered include the credit rating of the counterparty, the amount and timing of anticipated future payments and
any possible actions that can be taken to mitigate the risk of non-payment.

vi) 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 judgment 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.

Fair value hierarchy

The fair values of the financial assets and liabilities are included at the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market
participants at the measurement date. This section explains the judgements and estimates made in determining the fair values of the financial instruments that are (a) recognised and measured at
fair value and (b) measured at amortised cost and for which fair values are disclosed in the financial statements. To provide an indication about the reliability of the inputs used in determining fair
value, the Company has classified its financial instruments into the three levels prescribed under the accounting standard. An explanation of each level follows underneath the table.

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices. This includes listed equity instruments that have quoted price and financial instrumnents like Mutual Funds
for which NAV is published by Mutual Fund Operator. The fair value of all equity instruments which are traded in the stock exchanges is valued using the closing price as at the reporting period and
Mutual Fund are valued using the Closing NAV.

Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques which maximise the use of observable market data and rely as little as
possible on entity-specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in level 2.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3.

During the years mentioned above, there have been no transfer amongst the levels of hierarchy. The carrying amounts of trade receivables, cash and cash equivalents, and other bank balances,
current loans, other current financial assets, trade payables and other financial liabilities are considered to be approximately equal to their carrying amounts largly due to the short term maturities of
these instruments.

Valuation process

The Company evaluates the fair value of financial assets and financial liabilities on periodic basis using the best and most relevant data available. Also, the Company internally evaluates the
valuation process and obtains independent price validation for certain instruments wherever necessary.

Valuation inputs for fair values of items in level 3 and their relationships to fair value

Fair valuation of Investments in units are classified as level 3 in the fair value hierarchy because of the unobservable inputs / significant adjustments to observable inputs used to determine the fair
value. The profit for the year would be impacted as a result of gains / losses on investments classified as at fair value through profit or loss, i.e. units.

Note 24 - Financial risk management

The Company is exposed to credit risk, liquidity risk and Market risk.

A Credit risk

Credit risk arises from cash and bank balances, trade receivables and other financial assets .

Credit risk management

Credit risk arises from the possibility that counter party may not be able to settle their obligations as agreed. The Company is exposed to trade receivables and other current financial assets. The
Company periodically assesses the financial reliability of the counter party, taking into account the financial condition, current economic trends, and analysis of historical bad debts and ageing of
accounts receivable. The history of trade / Other receivables shows a negligible allowance for bad and doubtful debts.

B Liquidity risk

Looking to the nature of the Company''s business, it has no Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations on time or at a reasonable price.

Liquidity risk management

The Company manages its liquidity risk by regularly monitoring its rolling cash flow forecasts. The Company''s operations provide a natural liquidity of receivables against payments due to creditors.
Receipts exceeding the amount of payables to creditors are invested in liquid assets like mutual funds.

Maturities of non - derivative financial liabilities

C Market Risk

Foreign Currency Risk

The Company is not exposed to foreign exchange risk.

Price Risk

The Company holds investments in units, equity instruments and mutual funds. The Company''s exposure to equity instrument''s price risks arises from these investments held by the Company and
classified in the balance sheet either as fair value through OCI or at fair value through profit or loss.

Price Risk Management:

The company evaluates the performance of its investments on a periodic basis. Also, the investments have been placed for a long term objective and any deterioration for a temporary period is not
taken into account while evaluating the performance of its investments. Majority of the investments are placed for strategic management purposes.

NIL(Previous year NIL)

Note 26 -Events occurring after the reporting date

NIL

Note 27 -Other Statutory Information :

(i) As per section 248 of the Companies Act, 2013, there are no balances outstanding with struck off companies

(ii) The Company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities
(Intermediaries) with the understanding that the Intermediary shall:

(a) Directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the
company (Ultimate Beneficiaries) or

(b) Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

(iii) The Company have not received any fund from any person(s) or entity(ies), including foreign entities(Funding Party) with the
understanding (whether recorded in writing or otherwise) that the Company shall:

(a) 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

(b) Provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries

(iv) The Company have not 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.

(v) There are no charges or satisfaction thereof which are yet to be registered with ROC beyond the statutory period.

(vi) The Company has not been declared a wilful defaulter by any bank or financial institution or other lender (as defined under the
Companies Act, 2013) or consortium thereof, in accordance with the guidelines on wilful defaulters issued by the Reserve Bank
of India.

(vii) The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year.

(viii) The Company has not revalued any of its property, plant and equipment (including Right of Use assets) and intangible assets
during the year.

(ix) The Company is in compliance with the number of layers prescribed under clause (87) of section 2 of the Companies Act read
with the Companies ( Restriction on number of Layers) Rules, 2017.

As per Ind AS 108 on "Operating Segment" - Segment information is not applicable to company.

Note 33

The figures for the corresponding previous year have been rearranged / regrouped wherever
necessary to make them comparable.

Note 34

Approval of Fianancial Statements

The financial statements were approved for issue by the Board of Directors on 27th May, 2025.

As per our report of even date For & Behalf of the Board

For SVP & Associates
Chartered Accountants
FRN - N003838

-Sd/- -Sd/- -Sd/-

Yogesh Kumar Singhania (Deepa Bhawsar) (Vishal Chaturvedi)

Partner DIN-07167937 Whole Time Director

M. No. - 111473

Place : Mumbai -Sd/- -Sd/-

Date : 27th May,2025 (Sunil Sharma) (Ajay Kumar)

_Chief Finance Officei Company Secretary_

---

Mar 31, 2024

vi) 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 judgment 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.

Fair value hierarchy

The fair values of the financial assets and liabilities are included at the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction
between market participants at the measurement date. This section explains the judgements and estimates made in determining the fair values of the financial instruments

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices. This includes listed equity instruments that have quoted price and financial
instrumnents like Mutual Funds for which NAV is published by Mutual Fund Operator. The fair value of all equity instruments which are traded in the stock exchanges is

Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques which maximise the use of observable
market data and rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level. Instruments in level 3 category for the company
include unquoted equity shares and FCCDs and unquoted units of venture capital funds

Valuation inputs for fair values of items in level 3 and their relationships to fair value

Fair valuation of Investments in units are classified as level 3 in the fair value hierarchy because of the unobservable inputs / significant adjustments to observable inputs
used to determine the fair value. The profit for the year would be impacted as a result of gains / losses on investments classified as at fair value through profit or loss, i.e.
units.

Note 24 - Financial risk management

The Company is exposed to credit risk, liquidity risk and Market risk.

A Credit risk

Credit risk arises from cash and bank balances, trade receivables and other financial assets .

Credit risk management

Credit risk arises from the possibility that counter party may not be able to settle their obligations as agreed. The Company is exposed to trade receivables and other current
financial assets. The Company periodically assesses the financial reliability of the counter party, taking into account the financial condition, current economic trends, and
analysis of historical bad debts and ageing of accounts receivable. The history of trade / Other receivables shows a negligible allowance for bad and doubtful debts.

B Liquidity risk

Looking to the nature of the Company''s business, it has no Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations on time or
at a reasonable price.

Liquidity risk management

The Company manages its liquidity risk by regularly monitoring its rolling cash flow forecasts. The Company''s operations provide a natural liquidity of receivables against
payments due to creditors. Receipts exceeding the amount of payables to creditors are invested in liquid assets like mutual funds. Working Capital are managed through
credit facilities agreed with the Banks, internal accruals and realisation of liquid assets. In the event of cash shortfalls, the company approaches the lenders for a suitable
term extension.

Maturities of non - derivative financial liabilities

C Market Risk
Price Risk

The company holds investments in units, equity instruments and mutual funds. The Company''s exposure to equity security''s price risks arises from these investments held by the
Company and classified in the balance sheet either as fair value through OCI or at fair value through profit or loss.

Price Risk Management:

The company evaluates the performance of its investments on a periodic basis. Also, the investments have been placed for a long term objective and any deterioration for a temporary
period is not taken into account while evaluating the performance of its investments. Majority of the investments are placed for strategic management purposes.

Note 25 - Contingent Liabilities and Commitments

NIL(Previous year NIL)

Note 26 -Events occurring after the reporting date

NIL

Note 27 -Other Statutory Information :

(i) As per section 248 of the Companies Act, 2013, there are no balances outstanding with struck off companies

(ii) The Company do not have any Capital-work-in progress or intangible assets under development, whose completion is overdue
or has exceeded its cost compared to its original plan.

(III) The Company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities
(Intermediaries) with the understanding that the Intermediary shall:

a) Directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the
company (Ultimate Beneficiaries) or

(b) Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

(iv) The Company have not received any fund from any person(s) or entity(ies), including foreign entities(Funding Party) with the
understanding (whether recorded in writing or otherwise) that the Company shall:

(a) 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

(b) Provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries

(v) The Company have not 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.

Note 32- Segment Reporting

Since, the Company operates in single business segments and hence, the information pursuant to
IND-AS-108 is not applicable

Note 33

The figures for the corresponding previous year have been rearranged / regrouped wherever
necessary to make them comparable.

Note 34

Approval of Fianancial Statements

The financial statements were appr oved for issue by the Board of Directors on 30th May,2024.

As per our report of even date For & Behalf of the Board

For SVP & Associates
Chartered Accountants
FRN - N003838

-Sd/- -Sd/- -Sd/-

Yogesh Kumar Singhania (Deepa Bhawsar) (Vishal Chaturvedi)

Partner DIN-07167937 Whole Time Director

M. No. - 111473

Place : Mumbai -Sd/- -Sd/-

Date : 30th May, 2024 (Sunil Sharma) (Ajay Kumar)

_Chief Finance Office Company Secretary_

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Mar 31, 2014

1 Other Notes

(a) Deferred Tax Asset

Note : In the absence of virtual certainty of availability of sufficient future taxable income against which such deferred tax asset can be realized, the same has not been recognized in the books of account in line with Accounting Standard 22 dealing with "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India.

(b) As the Company does not have distinguishable business segments, the requirement to give.

(c) Related Party Disclosures:

List of related parties

(a) Key Management Personnel - Shri J.K. Jain - Director

(b) Relatives of Key Management Personnel - Shri Satyapal Jain, Mrs. Sushma Jain, Mrs. Rina Jain

Note : Related party relationship is as identified by the management. Previous year''s figures are given in bracket.

(c) Balance of debtors, creditors and other advances are subject to confirmation. However, in the opinion of the Board, Current Assets, Loans and Advances have value which on realisation, in the ordinary course of business would atleast be equal to the amount at which they are stated.

(d) Previous year''s figures have been regrouped/reclassified wherever necessary to conform to current year presentation.

2. Share Capital

(a) The per value of Equity Share is Rs. 10.

(b) The terms/Rights attached to the Equity Shares:

The Company has only one class of Equity Shares. Each holder of equity shares is entitled to one vote per share. The Equity shareholders are entitled to dividend only if dividend in a particular financial year is recommended by the Board of Directors and approved by the members at the annual general meeting of that year. In the event of the liquidation of the Company, if the assets available for distribution are less than the paid up share capital, then the shortfall will be borne by the members proportionately. Where there is an excess, the same shall be distributed proportionately amongst the members.

3. Long Term Loans and Advances

Note : No loans and advances are due by directors or other officers, etc.

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Mar 31, 2013

Corporate information

Ridhi Synthetics Ltd. (CIN L51900MH1981PLC025265) (the Company) is a public limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956. It''s shares are listed on the BSE Limited in India. The company is presently engaged in activities of investments in shares and securities.

Basis of Preparation

The financial statements have been prepared under the historical cost convention, in accordance with the Accounting Standards issued by the Institute of Chartered Accountants of India and the provisions of the Companies Act, 1956 as adopted consistently by the company.

All income and expenditure having a material bearing on the financial statements are recognised on accrual basis.

(a) As the Company does not have distinguishable business segments, the requirement to give segment reporting as per Accounting Standard (AS 17) on Segment Reporting is not applicable

(a) Related Party Disclosures : List of related parties

(b) Key Management Personnel - Shri J.K. Jain - Director

(c) Relatives of Key Mangement Personnel - Shri Satyapal Jain, Mrs. Sushma Jain, Mrs. Rina Jain

(d) Balance of debtors, creditors and other advances are subject to confirmation. However, in the opinion of the Board, Current Assets, Loans and Advances have value which on realisation, in the ordinary course of business would atleast.be equal to the amount at which they are stated.

(e) Previous year''s figures have been regrouped/reclassified wherever necessary to conform to current year presentation.

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Mar 31, 2012

Corporate information

Ridhi Synthetics Ltd. (CIN L51900MH1981PLC025265) (the Company) is a public limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956.

It's shares are listed on the BSE Limited in India. The company is presently engaged in activities of investments in shares and securities.

Basis of Preparation

The financial statements have been prepared under the historical cost convention, in accordance with the Accounting Standards issued by the Institute of Chartered Accountants of India and the provisions of the Companies Act, 1956 as adopted consistently by the company.

All income and expenditure having a material bearing on the financial statements are recognized on accrual basis.

(a) As the Company does not have distinguishable business segments, the requirement to give segment reporting as per Accounting Standard (AS 17) on Segment Reporting is not applicable

(b) Related Party Disclosures :

List of related parties

(a) Key Management Personnel - Shri J.K. Jain - Director

(b) Relatives of Key Mangement Personnel - Shri Satyapal Jain, Mrs. Sushma Jain, Mrs. Rina Jain

Note : Related party relationship is as identified by the management. Previous year's figures are given in bracket.

(c) As per consent terms passed by the Court of Small Causes at Mumbai, the company has received arrears of rent of Rs. 1,00,37,382 from a tenant for the period 01-12-01 to 18-06-07. Against this income, only Rs. 14,389 was shown as outstanding and hence the balance amount is treated as current years income.

(d) Balance of debtors, creditors and other advances are subject to confirmation. However, in the opinion of the Board, Current Assets, Loans and Advances have value which on realization, in the ordinary course of business would at least be equal to the amount at which they are stated.

(e) Previous year's figures have been regrouped/reclassified wherever necessary to conform to current year presentation.

(b) The per value of Equity Share is Rs. 10.

(c) The terms / Rights attached to the Equity Shares :

The Company has only one class of Equity Shares. Each holder of equity shares is entitled to one vote per share. The Equity shareholders are entitled to dividend only if dividend in a particular financial year is recommended by the Board of Directors and approved by the members at the annual general meeting of that year. In the event of the liquidation of the Company, if the assets available for distribution are less than the paid up share capital, then the shortfall will be borne by the members proportionately. Where there is an excess, the same shall be distributed proportionately amongst the members.

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Mar 31, 2010

1. Deferred tax liabilities are recognised in the financial statement in accordance with Accounting Standard 22 - "Accounting for Taxeson Income" issued by the Institute of Chartered Accountants of India. Deferred Tax liability of Rs. 11,17,840 as on the year end is in respect of timing difference in claim of depreciation net of deferred tax asset in respect of unabsorbed losses.

2. Balance of debtors, creditors and other advances are subject to confirmation. However, in the opinion of the Board, Current Assets, Loans and Advances have value which on realisation, in the ordinary course of business would atleast be equal to the amount at which they are stated.

3. Previous years figures have been regrouped wherever necessary.