2. During the year Company has done speculative trading in commodity (Mustard Seed & Oil) at MCX/NCDEX stock exchanges. There is a net loss of Rs.70,627.13 ( Previous Year Net Loss of Rs. 1,93,237.00 )on such trading.

3. As per Accounting Standard (AS)-15 "Employees Benefits" the disclosure of employee benefits as defined in Accounting Standard are given below.

Defined Contribution Plan

Defined Benefit Plan

The employees' gratuity fund scheme is a defined benefit plan. The present value of obligation is determined based on actuarial valuation using the projected unit credit method, which recognizes each period of service as giving rise to additional unit of employees benefit entitlement and measures each unit separately to build up the final obligation.

4. Contingent Liability not provided for: Rs. Nil (Previous Year Rs. Nil)

5. In the opinion of the management the current assets, loans and advances have a value on realization at least equal to the amount at which they are stated in the Balance Sheet and the provision for all known liabilities has been made.

i. Provision for Income Tax has been made considering various benefits and allowances available to the company under the provisions of Income Tax Act, 1961.

6. In accordance with guiding principles as enunciated in Accounting Standards AS-17 Segment Reporting, the company has only one segment of oil business. Therefore, the disclosure requirements of the Standard are not applicable.

7. Related party disclosures as required by Accounting Standards AS-18

a. Key Management personnel and their relatives: Mr. D.P. Sarda ( NIL Transaction)

Mr. S. Sarda

Mr. C. S.Sarda ( NIL Transaction)

Mr. M. S. Somani ( NIL Transaction)

Remuneration to Directors- Mr. S. Sarda is Rs. 8,74,800 /-(Previous Year Rs. 8,74,800/-)

Payable at year end ( M r. S. Sarda) is Rs. Nil (Previous Year Rs.2,76,861.22).

b. Enterprises in which key management personal and their relatives are able to exercise significant influence:

Sarda Agro Products Private Limited ( NIL Transaction)

Sarda OilIndustries (P) Limited ( NIL Transaction)

Aura Infracons (P) Ltd. ( NIL Transaction)

Shri Ram Surendra Kumar ( NIL Transaction)

8. The Shares of the Aura Infracons (P) Ltd. Has been sold at price less than the purchase price. 114500 shares that was purchased at Rs.60/- per share has been sold at Rs.35 per share incurred a loss of Rs. 28,62,500.00. Total sales consideration is Rs.4007500/-

9. Company has sold its major part of assets during the year due to which company books is showing profit in statement of profit and loss, otherwise company is in loss.

10. Company has not fulfilled all the listing requirements of BSE.

11. Company has sold Substantial part of Fixed Assets during the financial year 2014-15 under which land has been sold at Rs.100,00,000/- generating profits of Rs.8838355/-, Building has been sold at Rs.40,00,000/- generating profit of Rs.23,93,189.99 and Plant & Machinery has been sold at Rs.6,00,000/- in which company has incurred a loss of Rs.5,06,107.32/-.

12. Previous year figures have been regrouped / rearranged wherever considered necessary to make them comparable with current year's figures.