1. Additional information pursuant to the provisions of Schedule VI to
 the Companies Act, 1956
 
 2. Disclosure in accordance with Accounting Standard-18 Related Party
 Transactions.
 
 (I) Relative of Key Management Personnel
 
     Name                                       Relative
 
 a)  Krupalu Fabrics (Prop. H. R. Patel)        Father of Director
 
 b)  Overseas Textiles (Prop. M. H. Patel 
     (H.U.F.)                                   Brother of Director
  
 c)  Geetaben R. Patel                          Wife of Director
 
 (II) Key Management Personnel
 
     Name                              Relation
 
 a)  Mr. Rohit. H. Patel               Managing Director
 
 b)  Mr. Mayur. V. Shah                Director
 
 c)  Mr. Dinkarbhai. H. Patel          Director
 
 
 (3) Exceptional Item relates profit on sale of immovable property
 situated at Nutan Estate, Vasta Devdi Road, Madhav baugh, Katargam,
 Surat & residential flats & other fixed assets.
 
 (4) The company is contingently liable in respect of the following:
 
 For guarantees given by the Banks on behalf of the Company to Excise
 authority NIL (Pre. Year Rs. 2,00,000/-).
 
 (5) During the year, company has not carried on any operational
 activity. Other non- operational activity is only source of income. So
 as per Accounting Standard 17
 
 Segment Reporting issued by the ICAI, disclosure of segment
 information is not required.
 
 (6) i.  Due to non existence with the virtual certainty of foreseeable
 future profits, which can absorb the brought forward losses, further
 deferred tax assets have not been recognized/created.
 
 ii. No Provision for taxation is made considering the unabsorbed
 depreciation/losses.
 
 (7) Previous year figures have been recast and regrouped wherever
 necessary to make them comparable with the figures of the current year.
 
 (8) Share Application Money of Rs. Nil (Pre. Year 9.22 Lacs) represents
 amount taken from promoters pending allotment of shares.
 
 (9) Information has been provided to the extent applicable under the
 revised schedule VI of the Companies Act, 1956 is attached.