1. In the opinion of the management, Current Assets and Loans &
 Advances are approximately of the value stated if realised in the
 ordinary course of the business. The provision for all the liabilities
 is, in the opinion of the management, adequate and not in excess of the
 amount reasonably necessary.
 
 2.  Disclosures as required by Accounting Standard AS-18 Related
 Parties Disclosure issued by The Institute of Chartered Accountants of
 India are as follows :
 
 a) Names of related parties and nature of relationship where control
 exists : Key Management Personnel
 
 Harshil P. Kanani Premji D. Kanani
 
 Enterprises where key management personnel have control
 
 M/s. Star Diam
 
 3. The company has only one reportable segment i.e. Studded Jewellery,
 therefore no separate information is being given under Accounting
 Standard - AS 17 Segment Reporting.
 
 4.  The Company is trying to ascertain the enterprises covered under
 the Micro, Small and Medium Enterprises Development Act, 2006 (the
 Act). Based on the details regarding the status of the suppliers, to
 the extent obtained, no supplier is covered under the Act.
 
 5.  Additional information pursuant to Part IV of Schedule VI to the
 Companies Act, 1956
 
 6. The figures of the previous year have been
 regrouped/reclassified/recasted to conform to the current year''s
 classification.
 
 7. Figures have been rounded off to the nearest of a rupee.