a Details of security for secured loans
 
 Term Loan is secured by hypothecation of Land & Building, Plant &
 Machinery and Misc Fixed Assets purchased / to be purchased from term
 loan coupled with extension of charge on existing asset block of the
 company
 
 Vehicle Loans are secured against hypothecation of vehicles for which
 loan has been taken
 
 b Term Loan, Cash Credit and Bank Guarantee from PNB are guaranteed and
 collaterally secured by the Whole-time Directors of the company along
 with Mr. Ajay Kumar Chaudhary, Mrs. and Mr. Atul Kumar, M/s Allychem
 Laboratories Pvt. Limited and Allychem Securities Pvt. Limited
 
 c Terms of repayment of Term Loans and others
 
 Principal amount of term loans to be repaid in 23 quarterly
 installments of Rs. 45.65 lacs beginning after 15 months from date of 1
 st disbursement
 
 Vehicle Loan taken for Mahindra Genio is to be repaid in 36 Equal
 Monthly Installments of Rs. 15165 starting from 15th April 2012
 
 Vehicle Loan taken for Tata Sumo is to be repaid in 36 Equal Monthly
 Installments of Rs. 17815 starting from 15th April 2012
 
 Vehicle Loan taken for Maruti Ritz is to be repaid in 36 Equal Monthly
 Installments of Rs. 15055 starting from 1 st May 2012
 
 Raw material and stores and spares are valued at cost, Work in progress
 is valued at Estimated costand Finished goods is valued at cost or
 realisable value whichever is less
 
 The management believes, based on internal assessment and / or legal
 advice, that the probability of an ultimate adverse decision and
 outflow of resources of the Company is not probable and accordingly, no
 provision for the same is considered necessary.
 
 1) The management has certified the fixed assets installed and put to
 use & relied upon by the auditors, being a technical matter.
 
 2) The inventory of stocks, stores and spares has been taken, valued
 and certified by the management.
 
 3) The balance of Trade Receivable and Trade Payable, are subject to
 confirmation.
 
 4) Segment Reporting
 
 The Company is working under one business segment only i.e. chemicals.
 These chemicals are having different applications. Besides there is not
 any significant variances on geographical basis, so the segment
 reporting defined under Accounting Standard 17 is not applicable to the
 Company.
 
 5) Previous year''s figures have been re-arranged and reclassified
 wherever necessary to make them comparable with the current year''s
 figures. The amount have been rounded off to nearest rupee.