1.  Corporate information
 
 Nivi Trading Limited is a public limited Company and is listed on The
 BSE Ltd.The Company was incorporated to cany on business as Traders,
 Retailers, Whole-sellers, Exporters etc. of chemicals, dyes,
 pharmaceuticals, and other general dyes and other various products.
 However, the Company has yet to commence trading operations for lack of
 viable propositions. The three Directors of Company are also Directors
 on the Board of various Public and Private Limited Companies and thus
 there is an high intergrity and ethical value regarding management
 control.
 
 2.  Basis of preparation
 
 The financial statements have been prepared to comply in all material
 respects in respects with the Notified accounting standard by Companies
 (Accounting Standards) Rules, 2006, (as amended) and the relevant
 provisions of the Companies Act, 1956. The financial statements have
 been prepared under the historical cost convention on an accrual basis.
 
 The accounting policies have been consistently applied by the Company
 and are consistent with those used in the previous year.
 
 3.  Segment reporting
 
 The Company is engaged in trading business in India, which in the
 context of Accounting Standard (AS) - 17 Segment Reporting issued by
 ICAI is considered to be it''s only business segment and thus no
 geographical segment is applicable.
 
 (a) Earnings Per Share
 
 Basic earnings per share are calculated by dividing the net profit or
 loss for the period attributable to equity shareholder by the weighted
 average number of equity shares outstanding during the period.
 
 For the purpose of calculating diluted earnings per share, the net
 profit or loss for the period attributable to equity shareholders and
 the weighted average number of shares outstanding during the period are
 adjusted for the effects of all dilutive potential equity shares.
 
 (b) Provisions
 
 A provision is recognised when an enterprise has a present obligation
 as a result of past event; it is probable that an outflow of resources
 will be required to settle the obligation, in respect of which a
 reliable estimate can be made. Provisions are not discounted to its
 present value and are determined based on best estimate required to
 settle the obligation at the balance sheet date. These are reviewed at
 each balance sheet date and adjusted to reflect the current best
 estimates.
 
 (c) Cash and cash equivalents
 
 Cash and cash equivalents in the balance sheet comprise cash at bank
 and in hand and short-term investments with an original maturity of
 three months or less.
 
 (d) Taxation
 
 Tax expense comprises of current and deferred tax. Current income tax
 is measured at the amount expected to be paid to the tax authorities in
 accordance with the Income-tax Act, 1961 enacted in India.  Deferred
 income taxes reflects the impact of current year timing differences
 between taxable income and accounting income for the year and reversal
 of timing differences of earlier years.
 
 Deferred tax is measured based on the tax rates and the tax laws
 enacted or substantively enacted at the balance sheet date. Deferred
 tax assets and deferred tax liabilities are offset, if a legally
 enforceable right exists to set off current tax assets against current
 tax liabilities and the deferred tax assets and deferred tax
 liabilities relate to the taxes on income levied by same governing
 taxation laws. Deferred tax assets are recognised only to the extent
 that there is reasonable certainty that sufficient future taxable
 income will be available against which such deferred tax assets can be
 realised. In situations where the Company has unabsorbed depreciation
 or carry forward tax losses, all deferred tax assets are recognised
 only if there is virtual certainty supported by convincing evidence
 that they can be realised against future taxable profits.
 
 (a) Reconciliation of the shares outstanding at the beginning and at
 the end of the reporting period
 
 There is no movement of shares during the year and thus there is no
 reconciliation statement has been reported.  - .
 
 (b) Terms/ rights attached to equity shares
 
 The Company has only one class of equity shares having par value of
 RslO per share. Each holder of equity shares is entitled to one vote
 per share. The Company declares and pays dividend, if any, in Indian
 rupees.
 
 In the event of liquidation of the Company, the holders of equity
 shares will be entitled to receive remaining assets of the Company,
 after distribution of all preferential amounts. The distribution will
 be in proportion to the number of equity shares held by the
 shareholders.
 
 As per records of the Company, including its register of shareholders/
 members and other declarations received from shareholders regarding
 beneficial interest, the above shareholding represents both legal and
 beneficial ownerships of shares.
 
 Aggregate amount of quoted investments (Market value : Rs. 19,61,411/-
 (31 March 2011: Rs. 19,27,157/-))
 
 Aggregate amount of unquoted investments - Mutual fund (NAV: Rs.
 13,04,079/- (31 March 2011: Rs.14,63,052/-))
 
 Aggregate amount of unquoted equity investments - Rs. 112,800/-
 
 Aggregate provision for diminution in value of investments - Rs.ll
 ,65,000/-
 
 Related party transactions
 
 The following table provides the total amount of transactions that have
 been entered into with related parties for the relevant financial yean
 
 4.  Director''s sitting fees
 
 Directors have waived the sitting fees for meetings attended by them
 during the year.
 
 5.  Previous Year''s figures
 
 Till the year ended 31st March 2011, the Company was using pre-revised
 Schedule VI to the Companies Act 1956, for the preparation and
 presentation of its financial statements. During the year ended 31st
 March 2012, the revised Schdule VI notified under the Companies Act
 1956, has become applicable to the Company. The Company has
 re-classified previous year figures to conform to this year''s
 classification. The adoption of revised Schedule VI does not impact
 recognition and measurement principles followed for preparation of
 financial statements. However, it significantly impacts presentation
 and disclosures made in the financial statements, particularly
 presentation of the balance sheet.