Notes :
 
 Rupee Term Loans from non banking financial institution is
 
 (a) Secured by first charge on hypothetication of three cars owned by
 the companies.
 
 (b) Repayable monthly instalment of Rs.22242 (agreement no.CF4789851)
 Rs. 17910 (agreement no.6882438) & Rs.25740 (agreement no.CF 6926179)
 are given against car loan.
 
 1. CC Limits & FCNRB loan from bank are secured by hypothecation of
 fixed assets and current assets equitable mortgage of immovable
 properties owned by the company and further secured by personal
 guarantee by the directors of the company.
 
                                            As at          As at
                                         31.03.2012      31.03.2011
                                          Rs.     Rs.     Rs.     Rs
 
 NOTE-1 : CONTINGENT LIABILITIES & COMMITMENTS:
 
 Contingent Liabilities :
 
 Claims against the Company not 
 acknowledged as debts Other
 Contingent Liabilities
 
 In respect of disputed Excise duty 
 demand (in lacs)                               4.15            6.49
 
 In respect of disputed Service Tax 
 demand (in lacs)                               5.81            5.37
 
 In respect of disputed Sales\trade Tax 
 demand (in lacs)                              35.19           40.57
 
 In respect of disputed Entry Tax demand 
 (in lacs)                                      8.24           13.36
 
 Commitments :
 
 Estimated amount of contracts remaining 
 to be executed on Capital Account not
 provided for                                                      -
 
 Uncalled liabilities on shares and other 
 investments partly paid                                           -
 
 Other Commitments
 
 NOTE-2 : RELATED PARTY DISCLOSURE:
 
 Name of the related parties with whom transactions were carried out
 during the year and description of relationship :
 
 I) Key Management Personnel & their relatives :
 
 (i) Mr. Pawan Kumar Garg. Chairman & Managing Director
 
 (ii) Mr. Atul Kumar Garg, Whole Time Director
 
 (iii) Mr. Rakesh Kumar Garg
 
 (iv) Mr. Ankur Garg, Director
 
 (v) Mr. Aditya Garg, Son of Director
 
 (vi) Mr. Kunal Garg
 
 II) Shareholder having significant influence over the enterprises :
 
 (i) M/s Standard Sulphonators (P) Ltd.
 
 (ii) M/s Industrial Enterprises, Kanpur
 
 (iii) M/s Kashi Prasad Roop Kishore
 
 (iv) M/s Standard Ventures Ltd.
 
 (v) M/s Sudhir Kumar Gautam Kumar
 
 (vi) M/s Standard Ganpati Merchandise (P) Ltd.
 
 (vii) Navsheel Standard Constructions Pvt. Ltd.
 
 3.  Some of the Suppliers, Debtors. Advances and Unsecured Loans
 accounts are subject to Confirmation/Reconciliation, settlement of
 claims and encashment/realization of cheques in Hand/issued.
 
 4.  In the view of Management
 
 (i) No provision is required to be made for any impairment loss as in
 the opinion of the management the recoverable amount of the assets of
 the each unit is much more than the value stated in the accounts.
 
 (ii) Credit balances, not payable, hence written back in the books of
 accounts.
 
 (iii) The realizable value of all current assets, in the normal course
 of business, is not less than the value stated in the balance sheet.
 
 5.  During the year gratuity has been provided on adhoc basis in
 absence of actuarial valuation.
 
 6.  DISCLOSURE REQUIRED BY MICRO, SMALLAND MEDIUM ENTERPRISES
 (DEVELOPMENT) ACT, 2006
 
 In the absence of necessary information in relation to the suppliers
 registered as Micro or Small enterprises under the Micro, Small and
 Medium Enterprises (Development) Act. 2006. the company has not been
 able to identify such suppliers and the information Required under the
 said Act could not be complied and disclosed.
 
 7.  Segment Reporting :
 
 (A) Segment Identification
 
 Business segments have been identified on the basis of the nature of
 products.
 
 (B) Segment Composition
 
 Chemicals and Surfaces Active Segment is engaged in the Manufacture and
 sale of specialty Chemicals in detergent, Personal care and pesticides
 industry. Synthetic Detergent - engaged in manufacturing of Synthetic
 Detergent Others - engaged in trading and other activities.
 
 8.  The detergent plants at Rania & Mandideep (Bhopal) are not in
 operation, during the year & there are no immediate plans to operate
 the same. In view thereof, no depreciation is provided in respect of
 the two units. Amount is not ascertained.
 
 9.  The Previous year''s figures have been reworked or regrouped and
 reclassified wherever necessary.
 
 10.  Notes- ''1 to 24'' Form an integral part of accounts.