1.  Contingent Liabilities not provided for in respect of:
 
 Claims against the Company not acknowledged as debts Rs. 4.07 lacs
 (Previous year Rs. 4.07 lacs).
 
 2.  In the opinion of the Board, Current Assets, Loans and Advances
 have a value on realization in the ordinary course of business at least
 equal to the amount at which they are stated and provision for all
 known and determined liabilities are adequate and not in the excess of
 the amount stated, in the financial statements.
 
 3.  In the absence of necessary information with the Company, relating
 to the registration status of suppliers under the Micro, Small and
 Medium Enterprises Development Act, 2006, the information required
 under the said Act could not be compiled and disclosed.
 
 4.  Sales/ Operational Income include Excise duty, & other levies.
 
 5.  The Company is engaged in the business of manufacture of
 Polybutens. It is treated as a single segment The said treatment is in
 accordance with the accounting standard on Segment Reporting (AS-17)
 issued by the Institute of Chartered Accountants of India.
 
 6.  Related Party Disclosures: a) List of Related Parties
 
 i.  With whom the Company has entered into transactions during the
 year:
 
 New Era Advisors Pvt. Limited
 
 Oxides and Specialities Limited
 
 Sunciti Financial Services Private Limited
 
 Mystique Media Limited 
 
 ii.  Key Management Personnel: Mr.  Brijmohan Rathi, Chairman and
 Managing Director.
 
 Note: Related parties are as identified by the Company and relied upon
 by the Auditor.
 
 7. Salaries, Wages and other Employee benefits include payments made
 to staff and workers employed on contract basis.
 
 8. Loan from Central Bank of India is secured against Mortgage of
 Land, Building, Plant & Machinery and Hypothecation of Stocks &
 Assignment of Book Debts. In addition to Personal Guarantee of Managing
 Director of the Company has been given.
 
 9. Previous year''s figures have been regrouped/ rearranged wherever
 necessary.