1 Related Party transactions :
 
 Names of Related Parties and nature of relationship.
 
 A.  Associates
 
 14 Related Party transactions :
 
 1 Vivid Intermediates Private limited
 
 1 Names of Related Parties and nature of relationship.
 
 2 M/s Sumichem Corporation
 
 A.Associates
 
 B. Enterprises over which Key Management Persons Have significant
 influence and Enterprises having Key
 
 1 Vivid Intermediates Private limited
 
 Management Person in commom
 
 2 M/s Sumichem Corporation
 
 1 Nil
 
 B.  Enterprises over which Key Management Persons Have significant
 influence and Enterprises having Key
 
 C.  Key Management Persons and Relatives Management Person in commom
 
 1 Mr. Sudhir Mody
 
 2 Mr. Sumish S. Mody 
 
 1 Nil
 
 3 Mr. Miten S. Mody
 
 C.Key Management Persons and Relatives
 
 Secondary segment:
 
 Since company deals in one line of product only ie. Chemicals , it does
 not satisfy the criteria of reportable segments; hence not reported.
 
 Current Tax :
 
 Provision for current income tax is made at the current tax rate based
 on assessable income. However as the company has accumulated losses of
 the earlier years, the Provision of Taxation is not required for the
 year under review.
 
 Deferred Tax Adjustment :
 
 For the company, the deferred tax adjustment as required by AS 22
 consists only of unabsorbed depreciation and losses. As the company has
 incurred a Loss during the year under consideration and as the Company
 has accumulated Losses of the earlier years , it is estimated the same
 are not sufficient to cover the accumulated losses of the earlier
 years. In view of the same the deferred tax asset/liability has not
 been recognised.
 
 In accordance with the requirement for disclosure of amounts due to SSI
 units, the company has not compiled the list of its sundry creditors
 who satisfy this criteria.
 
 Subject to this, the information relating to payment overdue to SSI
 units cannot be computed.
 
 Previous years figures have been regrouped wherever necessary in order
 to confirm to current years presentation.