Sreechem Resins Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

N. Provisions, Contingent Assets and Contingent Liabilities

a) Provision is created when there is a present obligation as a result of past events that probably requires an
outflow of resources and a reliable estimate can be made of the amount of obligation. These are reviewed at
each balance sheet date and adjusted to reflect the current best estimates.

b) Contingent liability is disclosed by way of notes, unless the possibility of an outflow of resources embodying the
economic benefit is remote.

c) Contingent Assets are neither recognized nor disclosed in Financial Statements.

O. Earnings per Share

Basic and Diluted Earnings per share

The Company calculates basic earnings per share amounts for profit or loss attributable to ordinary equity holders
and, if presented, profit or loss from continuing operations attributable to those equity holders.

Basic earnings per share is calculated by dividing the net profit or loss attributable to ordinary equity holders (the
numerator) by the weighted average number of ordinary shares outstanding (the denominator) during the period.

The weighted average number of ordinary shares outstanding during the period and for all periods presented shall
be adjusted for events, other than the conversion of potential ordinary shares that have changed the number of
ordinary shares outstanding without a corresponding change in resources.

For the purpose of calculating diluted earnings per share, the weighted average number of ordinary shares
calculated for calculating basic earnings per share and adjusted the weighted average number of ordinary shares
that would be issued on the conversion of all the dilutive potential ordinary shares into ordinary shares. Dilutive
potential ordinary shares are deemed to have been converted into ordinary shares at the beginning of the period or,
if later, the date of the issue of the potential ordinary shares

P. Borrowing Costs

The Company capitalizes borrowing costs that are directly attributable to the acquisition, construction or
production of a qualifying asset as part of the cost of that asset. The Company recognizes other borrowing costs as
an expense in the period in which it incurs them. Borrowing costs are interest and other costs that the Company
incurs in connection with the borrowing of funds including exchange differences arising from foreign currency
borrowings to the extent that they are regarded as an adjustment to interest costs.

A qualifying asset is an asset that necessarily takes a substantial period of time to get ready for its intended use or
sale.

Q. Segment Reporting

Operating segments are reported in a manner consistent with the internal reporting provided to the Chief Operating
Decision maker. The Company has only one segment for its business operations.

R. Ind AS 116 - Leases

At present, the Company did not have any assets on lease basis.

Note No. 25¬
In the opinion of the Board of Directors, the current assets, loans & advances are approximately of the value stated in accounts, if
realized in ordinary course of business, unless otherwise stated. The provision for all known liabilities is adequate and not in
excess/short of the amount considered reasonable/necessary.

Note No. 26 - Trade Receivables

The management of the Company has performed an assessment of the trade receivables as of 31/03/2025 and believes that the full
outstanding amount of Rs. 454.71 Lakhs (P.Y. - 826.41 lakhs) is fully recoverable. This assessment is based on the following:

(a) Historical Collection Data: The Company has a track record of strong collections with no significant defaults in the past.
The aging analysis of the receivables indicates that the majority of the receivables are within the normal credit period
granted by the Company.

(b) Credit Risk Assessment: The Company has conducted a detailed credit risk assessment of its major customers and found
no indication of financial difficulty or inability to pay. Continuous monitoring and credit checks are in place to ensure
timely collections.

(c) Economic Environment: Despite market conditions, there has been no adverse impact on the financial stability of the
Company’s customer base that could significantly impact their ability to settle their dues.

(d) No Expected Credit Loss (ECL) Recognition: Considering the factors mentioned above, the management is of the opinion
that no allowance for expected credit losses is required as per the requirements of Ind AS 109, ''Financial Instruments''.
The trade receivables balance is considered to reflect the fair value and is recoverable in full.

The management acknowledges that this assessment involves significant judgement, particularly regarding the estimation of future
cash flows from customers. Any material change in assumptions regarding the customers'' creditworthiness may have an impact on
future recoverability of the receivables.

Management will continue to regularly review the trade receivables and related credit risks to ensure that the assessment remains
appropriate and that the Company''s financial statements accurately reflect the recoverability of these amounts.

Note No. 27 - Related Party Transactions

The Company has engaged in substantial purchases and sales of goods with related parties during the year. These related party
transactions are detailed below and have been conducted on terms equivalent to those that prevail in arm''s length transactions:

(a) The Company engages in the purchase and sale of goods with related parties, which are companies/entities with common
ownership or control. The transactions primarily relate to purchase and sale of goods to them.

(b) During the financial year ended 31st, March, 2025, the total value of purchases from related parties amounted to Rs.
609.11 lakhs (P.Y.-1501.19 Lakhs), and the total value of sales to related parties amounted to Rs. 61.36 Lakhs (P.Y.-135.53
Lakhs)

(c) The pricing for these transactions is based on arm''s length principles. The Company ensures that the terms of these
transactions are comparable to those with third parties in similar circumstances. These terms include pricing, credit
periods, and other conditions which have been determined using benchmarks, market rates, and industry standards.

(d) As of 31st, March, 2025, the amounts payable to related parties for purchases were NIL and the amounts receivable from
related parties for sales were Rs. 3.24 Lakhs (P.Y.-Rs. 1.22 Lakhs). These balances are settled in the normal course of
business, and no special payment terms have been provided.

(e) The management has assessed that these transactions do not contain any unusual or abnormal elements that would affect
the financial statements. The arm''s length nature of these transactions ensures that the Company’s financial performance
is not impacted by related party influences.

(f) Disclosures as per Ind AS 24: The Company has complied with the disclosure requirements of Ind AS 24, "Related Party
Disclosures.” The key management personnel have confirmed that they are not aware of any other transactions with
related parties that would require disclosure under Ind AS 24.

Management continues to review and monitor related party transactions to ensure compliance with applicable accounting
standards and to safeguard the interests of all stakeholders.

Note No. 28 - Segment Information

(a) The Company is engaged in the business of Manufactures of Resins and Chemicals. In terms of Ind AS 108 "operating
segment" the Company has one business segment i.e., Resins and Chemicals and all other activities revolve around the
said business.

(b) Geographical Information - The Company is domiciled in India and Operate in India only.

(c) During the year ended 31st March, 2025, revenue from one customer accounted for more than 10% of the entity''s total
revenue. The total revenue from this customer amounted to Rs. 1175.08 lacs (PY 2669.39 lacs) and was primarily related
to the sale of Resin & Chemicals. This concentration of revenue represents 33.10% (PY-50.39%) of the total revenue of
the Company. There were no other customers with sales exceeding 10% of total revenue during the reporting period.

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.

(a) The following methods and assumptions were used to estimate the fair values:

The fair value of cash and cash equivalents, current trade receivables and payables, current financial liabilities
and assets and borrowings approximate their carrying amount largely due to the short-term nature of these
instruments. The management considers that the carrying amounts of financial assets and financial liabilities
recognised at nominal cost/amortised cost in the financial statements approximate their fair values.

Investments in mutual funds are measured using market prices at the reporting date.

Fair value hierarchy

The above tables proide the fair value measurement hierarchy of Company''s asset and liabilities, grouped into
Level 1 to Level 3 as described below:

Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2: Inputs other than quoted prices included in Level 1 that are observable for the asset or liability.(i.e. as
prices) or indirectly (i.e. derived from prices).

Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).

(b) Financial Risk Management
Financial Risk Factors

The Company''s principle financial liabilities compries of borrowings, trade and other payables. The main
purpose of these financial liabilities is to manage finances for the Company''s operations. The Company''s
principle financial assets include loans and advances, trade receivables and cash and bank balances that arise
directly from its operation. The Company has exposure to the following risks arising from financial instruments
and the Company''s senior management oversees the management of these risks :-

i.) Credit Risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial
instrument fails to meet its contractual obligations and arises principally from the Company’s receivables
from customers. The carrying amounts of financial assets represent the maximum credit risk exposure.

i rade Receivables

The Company has developed guidelines for the management of credit risk from trade receivables. The
Company’s exposure to credit risk is influenced mainly by the individual characteristics of each customer.
Credit risks are managed by the Company through credit approvals, and continuously monitoring the credit
worthiness of the customers to which the Company grants credit terms in the normal course of business.

Exposures to customers outstanding at the end of each reporting period are reviewed by the Company to
determine incurred and expected credit losses. Historical trends of impairment of trade receivables do not
reflect any significant credit losses. Given that the macro economic indicators affecting customers of the
Company have not undergone any substantial change, the Company expects the historical trend of nil credit
losses to continue. Further, management believes that the unimpaired amounts that are past due by more than
30 days are still collectible in full, based on historical payment behavior and extensive analysis of customer
credit risk.

Cash and bank balances

The Company held cash and cash equivalents with credit worthy banks as at the reporting dates. The credit
worthiness of such banks and financial institutions are evaluated by the management on an ongoing basis and
is considered to be good with low credit risk.

Other financial assets

Other financial assets comprises fixed deposits, interest accrued on fixed deposits. Generally, these fixed
deposits are held with banks with which the Company has also availed borrowings. The credit worthiness of
such banks is evaluated by the management on an ongoing basis and is considered to be good with low credit
risk. The Company does not expect any losses from non-performance by these counter parties.

Note no. 32 - Advance against Property

The Company has paid an advance of Rs. 7.60 lacs to Indian Chemical Merchants & Manufacturers Association for purchase of land
situated at Uluberia, Howrah. But on balance sheet date, the Agreement is not registered and also possession not received by the
Company. The Company is confident of obtaining title or recovery of the amount. Accordingly, no provision has been made in the
books. This advance is classified as non-current assets and is not expected to be settled within 12 months.

36.1. The Company does not have any Benami property, where any proceeding has been initiated or pending against the Group for
holding any Benami property.

36.2. The Company does not have any transactions during the year with companies struck off.

36.3. The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

36.4. The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

36.5. The Company does not have 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 (such as, search or survey or any other
relevant provisions of the Income Tax Act, 1961).

36.6. 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.

36.7. The Company have not received any fund from any 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 onbehalf of the
funding party (Ultimate Beneficiaries) or

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

36.8. The Company have not been decleared Wilfull Defaulter by any Bank, Financial Institution, Government or Government
Authority.

36.9. The Company has not revalued its Property, Plant and Equipment or Intangible Assets during the year.

As per our attached report ot even date

For and on Behalt ot the Board
Sd/- Sd/-

sd/- binod sharma vikram kabra

R. C. Jhawer [DIN: 00557039) (DIN: 00746232)

Proprietor Managing Director Whole Time Director

Membership No. 017704

For and on behalf of Sd/-

R. C. Jhawer & Co VIBHOR SHARMA

Chartered Accountants (DIN: 03011540)

F.R. No.310068E Whole Time Director

Sd/- Sd/-

komal bhauwala prabhu dayal somani

Place : Kolkata (PAN: BJHPB0673B) (PAN: AMCPS4045B)

Date : 30^th May, 2025 Company Secretary Chief Financial Officer

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Mar 31, 2024

N. Provisions, Contingent Assets and Contingent Liabilities

a) Provision is created when there is a present obligation as a result of past events that probably requires an outflow
of resources and a reliable estimate can be made of the amount of obligation. These are reviewed at each balance
sheet date and adjusted to reflect the current best estimates.

b) Contingent liability is disclosed by way of notes, unless the possibility of an outflow of resources
embodying the economic benefit is remote.

c) Contingent Assets are neither recognized nor disclosed in Financial Statements.

O. Earnings per Share

Basic and Diluted Earnings per share

The Company calculates basic earnings per share amounts for profit or loss attributable to ordinary equity holders
and, if presented, profit or loss from continuing operations attributable to those equity holders.

Basic earnings per share is calculated by dividing the net profit or loss attributable to ordinary equity holders (the
numerator) by the weighted average number of ordinary shares outstanding (the denominator) during the period.

The weighted average number of ordinary shares outstanding during the period and for all periods presented shall
be adjusted for events, other than the conversion of potential ordinary shares that have changed the number of
ordinary shares outstanding without a corresponding change in resources.

For the purpose of calculating diluted earnings per share, the weighted average number of ordinary shares calculated
for calculating basic earnings per share and adjusted the weighted average number of ordinary shares that would be
issued on the conversion of all the dilutive potential ordinary shares into ordinary shares. Dilutive potential ordinary
shares are deemed to have been converted into ordinary shares at the beginning of the period or, if later, the date of
the issue of the potential ordinary shares

P. Borrowing Costs

The Company capitalizes borrowing costs that are directly attributable to the acquisition, construction or production
of a qualifying asset as part of the cost of that asset. The Company recognizes other borrowing costs as an expense in
the period in which it incurs them. Borrowing costs are interest and other costs that the Company incurs in connection
with the borrowing of funds including exchange differences arising from foreign currency borrowings to the extent
that they are regarded as an adjustment to interest costs.

A qualifying asset is an asset that necessarily takes a substantial period of time to get ready for its intended use or
sale.

Q. Segment Reporting

Operating segments are reported in a manner consistent with the internal reporting provided to the Chief Operating
Decision maker. The company has only one segment for its business operations.

R. Ind AS 116 - Leases

At present, the company did not have any assets on lease basis.

Note No. 27¬
In the opinion of the Board of Directors, the current assets, loans & advances are approximately of the value stated in accounts, if
realized in ordinary course of business, unless otherwise stated. The provision for all known liabilities is adequate and not in
excess/short of the amount considered reasonable/necessary.

Note No. 28 - Trade Receivables

The management of the company has performed an assessment of the trade receivables as of 31/03/2024 and believes that the full
outstanding amount of Rs.8,26,40,541/- (P.Y. - 3,85,75,892/-) is fully recoverable. This assessment is based on the following:

(a) Historical Collection Data: The company has a track record of strong collections with no significant defaults in the past. The
aging analysis of the receivables indicates that the majority of the receivables are within the normal credit period granted
by the company.

(b) Credit Risk Assessment: The company has conducted a detailed credit risk assessment of its major customers and found no
indication of financial difficulty or inability to pay. Continuous monitoring and credit checks are in place to ensure timely
collections.

(c) Economic Environment: Despite market conditions, there has been no adverse impact on the financial stability of the
company''s customer base that could significantly impact their ability to settle their dues.

(d) No Expected Credit Loss (ECL) Recognition: Considering the factors mentioned above, the management is of the opinion
that no allowance for expected credit losses is required as per the requirements of Ind AS 109, ''Financial Instruments''. The
trade receivables balance is considered to reflect the fair value and is recoverable in full.

Judgement and Assumptions: The management acknowledges that this assessment involves significant judgement, particularly
regarding the estimation of future cash flows from customers. Any material change in assumptions regarding the customers''
creditworthiness may have an impact on future recoverability of the receivables.

Management will continue to regularly review the trade receivables and related credit risks to ensure that the assessment remains
appropriate and that the company''s financial statements accurately reflect the recoverability of these amounts.

Note No. 29 - Related Party Transactions

The company has engaged in substantial purchases and sales of goods with related parties during the year. These related party
transactions are detailed below and have been conducted on terms equivalent to those that prevail in arm''s length transactions:

(a) The company engages in the purchase and sale of goods with related parties, which are companies/entities with common
ownership or control. The transactions primarily relate to purchase and sale of goods to them.

(b) During the financial year ended 31st, March, 2024, the total value of purchases from related parties amounted to
Rs.15,00,93,742/-, and the total value of sales to related parties amounted to Rs.1,35,53,257/-.

(c) The pricing for these transactions is based on arm''s length principles. The company ensures that the terms of these
transactions are comparable to those with third parties in similar circumstances. These terms include pricing, credit
periods, and other conditions which have been determined using benchmarks, market rates, and industry standards.

(d) As of 31st, March, 2024, the amounts payable to related parties for purchases were Rs.1,22,891/-, and the amounts
receivable from related parties for sales were Rs. NIL. These balances are settled in the normal course of business, and no
special payment terms have been provided.

(e) The management has assessed that these transactions do not contain any unusual or abnormal elements that would affect
the financial statements. The arm''s length nature of these transactions ensures that the company''s financial performance
is not impacted by related party influences.

(f) Disclosures as per Ind AS 24: The company has complied with the disclosure requirements of Ind AS 24, "Related Party
Disclosures." The key management personnel have confirmed that they are not aware of any other transactions with related
parties that would require disclosure under Ind AS 24.

Management continues to review and monitor related party transactions to ensure compliance with applicable accounting standards
and to safeguard the interests of all stakeholders.

Note No. 30 - Segment Information

(a) The Company is engaged in the business of Manufactures of Resins and Chemicals. In terms of Ind AS 108 "operating
segment" the company has one business segment i.e., Resins and Chemicals and all other activities revolve around the said
business.

(b) Geographical Information - The Company is domiciled in India and Operate in India only.

(c) During the year ended 31st March, 2024, revenue from one customer accounted for more than 10% of the entity''s total
revenue. The total revenue from this customer amounted to Rs. 2669.39 lacs (PY 5230.26 lacs)and was primarily related
to the sale of Resin & Chemicals. This concentration of revenue represents 50.39% (PY-68.34%) of the total revenue of the
company. There were no other customers with sales exceeding 10% of total revenue during the reporting period.

Note No. 32 - Fair Valuation Techniques

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.

(a) The following methods and assumptions were used to estimate the fair values:

The fair value of cash and cash equivalents, current trade receivables and payables, current financial liabilities
and assets and borrowings approximate their carrying amount largely due to the short-term nature of these
instruments. The management considers that the carrying amounts of financial assets and financial liabilities
recognised at nominal cost/amortised cost in the financial statements approximate their fair values.

Investments in mutual funds are measured using market prices at the reporting date.

Fair value hierarchy

The above tables proide the fair value measurement hierarchy of Company''s asset and liabilities, grouped into
Level 1 to Level 3 as described below:

Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2: Inputs other than quoted prices included in Level 1 that are observable for the asset or liability.(i.e. as
prices) or indirectly (i.e. derived from prices).

Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).

(b) Financial Risk Management
Financial Risk Factors

The Company''s principle financial liabilities compries of borrowings, trade and other payables. The main
purpose of these financial liabilities is to manage finances for the Company''s operations. The Company''s
principle financial assets include loans and advances, trade receivables and cash and bank balances that arise
directly from its operation. The Company has exposure to the following risks arising from financial instruments
and the Company''s senior management oversees the management of these risks :-

i.Credit Risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial
instrument fails to meet its contractual obligations, and arises principally from the Company''s receivables
from customers. The carrying amounts of financial assets represent the maximum credit risk exposure.

Trade Receivables

The Company has developed guidelines for the management of credit risk from trade receivables. The Company''s
exposure to credit risk is influenced mainly by the individual characteristics of each customer. Credit risks are
managed by the Company through credit approvals, and continuously monitoring the credit worthiness of the
customers to which the Company grants credit terms in the normal course of business.

Exposures to customers outstanding at the end of each reporting period are reviewed by the Company to
determine incurred and expected credit losses. Historical trends of impairment of trade receivables do not reflect
any significant credit losses. Given that the macro economic indicators affecting customers of the Company have
not undergone any substantial change, the Company expects the historical trend of nil credit losses to continue.
Further, management believes that the unimpaired amounts that are past due by more than 30 days are still
collectible in full, based on historical payment behavior and extensive analysis of customer credit risk.

Cash and bank balances

The Company held cash and cash equivalents with credit worthy banks as at the reporting dates. The credit
worthiness of such banks and financial institutions are evaluated by the management on an ongoing basis and is
considered to be good with low credit risk.

Other financial assets

Other financial assets comprises fixed deposits, interest accrued on fixed deposits. Generally, these fixed deposits
are held with banks with which the Company has also availed borrowings. The credit worthiness of such banks
is evaluated by the management on an ongoing basis and is considered to be good with low credit risk. The
Company does not expect any losses from non-performance by these counter parties.

As per our attached report of even date

For and on Behalf of the Board
Sd/- Sd/-

Sd/- BINOD SHARMA VIKRAM KABRA

R. C. Jhawer [DIN: 00557039) [DIN: 00746232)

Proprietor Managing Director Whole Time Director

Membership No. 017704

For and on behalf of Sd/-

R. C. Jhawer & Co VIBHOR SHARMA

Chartered Accountants (DIN: 03011540)

F.R. No.310068E Whole Time Director

Sd/- Sd/-

KOMAL BHAUWALA PRABHU DAYAL SOMANI

Place : Kolkata (PAN: BJHPB0673B) (PAN: AMCPS4045B)

Date : 30^th May, 2023 Company Secretary Chief Financial Officer

---

Mar 31, 2015

1. Terms and rights attached to Equity Shares :

The Company has only one class of Equity Shares having a par value of Rs.10/- per shares. Each Holder of Equity share is entitled to one vote per share. In the event of liquidation, the Eq. Share holders are eligible to receive the remaining assets of the company, after distributation of all preferential amounts, in proportion of their shareholding.

2. RELATED PARTY DISCLOSURES

(in terms of AS 18)

(a) List of Related Parties and description of relationship

(i) Key Management Personnel Sri Satya Narayan Kabra - Managing Director Sri Binod Sharma - Jt. Managing Director Sri Vikram Kabra - Director Sri Vibhor Sharma - Director

(ii) Relatives of KMP Sri Krishna Kumar Kabra

(iii) Enterprises in which Key Manage- Kasturi Fiscal Pvt. Ltd. ment Personnel are interested Nivedan Mercantiles Pvt. Ltd. Sreechem Finance Pvt. Ltd.

3. CONTINGENT LIABILITIES

(not provided for) Matter under appeal like Income Tax, Sales NIL 102,547 Tax, Excise etc. NIL 102,547

4. The previous period's figures have been regrouped/reclassified whenever required.

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Mar 31, 2014

1. CONTINGENT LIABILITIES

(not provided for)

Matter under appeal like Income Tax, Sales Tax, Excise etc. NIL NIL

2. The previous period''s figures have been regrouped/reclassified whenever required.

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Mar 31, 2013

1. RELATED PARTY DISCLOSURES

(in terms of AS 18)

(a) List of Related Parties and description of relationship

(i) Key Management Personnel Satya Narayan Kabra - Managing Director

Binod Sharma - Jt. Managing Director Vikram Kabra - Director

(ii) Relatives of KMP Sri Krishna Kumar Kabra

Sri Vibhor Sharma

(ii) Enterprises In which Key Manage- Kasturi Fiscal Pvt. Ltd. ment Personnel are interested Nivedan Mercantiles Pvt. Ltd. Sreechem Finance Pvt. Ltd.

2. The previous period''s figures have been regrouped/reclassified whenever required.

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Mar 31, 2012

1.1 Equity Shares carry voting rights at the General Meeting of the Company and are entitled to divided and to participate in surplus,, if any, in the event of winding up Loans from above [ total outstanding - Rs. 17 21 Lacs (Previous Year Rs.15.43 Lacs )] are secured by first charge on the respective Vehicles The loan is repayable, in 36 & 35 Monthly instalments commencing from Sept.2010 & Aug 2011 Respectively.

The Loan is secured by (a) Equitable mortgage by way of deposit of title deeds of land & buildings, structurersand fixtures thereon both present and future of both Rajgungpur and Raigarh Plants of the company (b) First charge by way of hypothecation of all movable properties - raw materials, work in progress, finished goods, book debts, both present and future, (c) Personal Guarantees of Sri S.N. Kabra, Managing Director & Sri Binod Sharma, Joint Managing Director

There are no dues to Micro and Small Enterprises, determined to the extent such parties have been identified on the basis of information available with the Company, as at March, 31, 2012. which requires disclosure under the Micro, Small and Medium Enterprises Development Act, 2006.

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Mar 31, 2010

1. Loan from Allahabad Bank is secured by

(a) Equitable mortgage by way of deposit of title deeds of land and building, structures and fixtures thereon both present and future of Rajgangpur and Raigarh Plants of the company.

(b) First Charge by way of hypothecation of all movable properties Raw materials, work in progress. Finished Goods, Book Debts, both present and future.

(c) Personal guarantees of Sri S. N. Kabra Managing Director & Sri Binod Sharma, Joint Managing Director.

(d) Loan from ICICI Bank is secured by hypothecation of the relevant motor vehicles.

2. Segment Reporting:

In ternis of Accounting standard 17 of "The Institute Of Chartered Accountants Of India" segment information has not been given as the companys activities falls within a single business segment.

3. As per informations and explanations given to us, there are no Micro, Small and Medium Scale business enterprises to whom dues exceeding Rs. 1.00 Lac are outstanding for more than 45 days as at March 31, 2010-

4 .Previous years ngures have Been regrouped/re-arranged wherever necessary.

5. Figures has been rounded off to the nearest rupees.