అకౌంట్స్ గమనికలుShree Ambeshwar Paper Mills Ltd.

1, Figures of the previous year are regrouped and rearranged wherever necessary.

(Figures In the brackets are in respect of previous year.)

2.The company has sold all the assets and the realisation proceeds have been used finally to repay the dues of the company.

3. There are no employees in respect of whom remuneration exeeds Rs.12,00,000. p. a. or at the rate of Rs. 1,00,000 p.m.

4. The company in the year under consideration has not provided for the following expenses aggregating to Rs. 52,26 lacs considering the BIFR status of the company. The details of the expenses accrued are as under: (Rs. In Lacs)

Interest on Unsecured Loan 52.26 (51.90)

5 In the absence of declaration from the sundry creditors / suppliers with regards to their status as SSI, the amounts due to SSI units have not been segregated.

6. in the year under consideration there are no manufacturing operation in the company, there is only trading activity.

7. Related Party Transactions In the year under consideration there are no transaction with any of the related parties

8. Additional information pursuant to the provisions of paragraphs 3 and 4 of Part II of Schedule VI to the Companies Act, 1956.

C. Particulars of Raw Materials Consumed.

Not Applicable as no production activity has been understand during the year

F. Break up of consumption of Raw Materials Not Applicable as no production activity has been undertaken during the year

G.. Break up of consumption of Spare Parts Not Applicable as no production activity has been undertaken during the year

9 Contingent Liabilities : The following cases are pending against the companies. The amount involved are stated hereunder, (Rs. In Lacs)

Disputes with GEB 246.00 Disputes with Labour 314.00

Disputes with Excise 49.00

Disputes with Income Tax I8.00

10 Balances in Debtors, Loans & Advances are subject to confirmation & reconcilliation.

11 The power connection by the state electricity board was disconnected on 20th June,2003 & further due to labour unrest & financial crunch the unit has been non operative since 08th August, 2003.