Corporate information
 
 Ridhi Synthetics Ltd. (CIN L51900MH1981PLC025265) (the Company) is a
 public limited company domiciled in India and incorporated under the
 provisions of the Companies Act, 1956.
 
 It''s shares are listed on the BSE Limited in India. The company is
 presently engaged in activities of investments in shares and
 securities.
 
 Basis of Preparation
 
 The financial statements have been prepared under the historical cost
 convention, in accordance with the Accounting Standards issued by the
 Institute of Chartered Accountants of India and the provisions of the
 Companies Act, 1956 as adopted consistently by the company.
 
 All income and expenditure having a material bearing on the financial
 statements are recognized on accrual basis.
 
 (a) As the Company does not have distinguishable business segments, the
 requirement to give segment reporting as per Accounting Standard (AS
 17) on Segment Reporting is not applicable
 
 (b) Related Party Disclosures :
 
 List of related parties
 
 (a) Key Management Personnel - Shri J.K. Jain - Director
 
 (b) Relatives of Key Mangement Personnel - Shri Satyapal Jain, Mrs.
 Sushma Jain, Mrs. Rina Jain 
 
 Note : Related party relationship is as identified by the management.
 Previous year''s figures are given in bracket.
 
 (c) As per consent terms passed by the Court of Small Causes at Mumbai,
 the company has received arrears of rent of Rs. 1,00,37,382 from a
 tenant for the period 01-12-01 to 18-06-07.  Against this income, only
 Rs. 14,389 was shown as outstanding and hence the balance amount is
 treated as current years income.
 
 (d) Balance of debtors, creditors and other advances are subject to
 confirmation. However, in the opinion of the Board, Current Assets,
 Loans and Advances have value which on realization, in the ordinary
 course of business would at least be equal to the amount at which they
 are stated.
 
 (e) Previous year''s figures have been regrouped/reclassified wherever
 necessary to conform to current year presentation.
 
 (b) The per value of Equity Share is Rs. 10.
 
 (c) The terms / Rights attached to the Equity Shares :
 
 The Company has only one class of Equity Shares. Each holder of equity
 shares is entitled to one vote per share. The Equity shareholders are
 entitled to dividend only if dividend in a particular financial year is
 recommended by the Board of Directors and approved by the members at
 the annual general meeting of that year. In the event of the
 liquidation of the Company, if the assets available for distribution
 are less than the paid up share capital, then the shortfall will be
 borne by the members proportionately. Where there is an excess, the
 same shall be distributed proportionately amongst the members.