The current accounting year consists of 12 months from April 1, 2013 to 31st March, 2014. Note No. 25: Taxes & Duties:

a) Income Tax: The assessments for and up to the assessment year 2011-2012 have been completed.

Note No. 2: Secured Loans;

The Company has obtained and extended the same Working Capital Limit of Rs.15,00,00,000/

- from THE FEDERAL BANK LIMITED, 61, Anna Salai, Chennai, against the hypothecation of Company's Fixed Assets and Current Assets including Stock.

Note No. 3: Excise Duty on Closing Inventory of Feed:

The Company has opted out of 100% EOU, under the EPCG Scheme. All the Customs and Excise Duties resulting after the debonding have been paid in full. Henceforth, there is no liability on feed manufactured by the Company and hence no provision is made for Excise Duty on Inventory of Shrimp Feed.

Note No. 4: Auditors' Remuneration:

Note No. 5: Foreign Currency Inflow:

Foreign Exchange Inflow on account of Export of Sales US $ 99,00,210 equivalent to Rs.59,93,14,675/- (P.Y: US $ 18,17,802 and Euros 1,04,164 equivalent toRs. 10,55,37,755/-)

Outflow:

Foreign Exchange Outflow on account of import of Capital Goods & Raw Materials US $ 2,65,932.87 equivalent to .1,61,98,73- (P.Y: US $ 5,43,196 and Euros 3,638.57 equivalent toRs. 2,78,94,310/-)

Note No. 6: The quantitative information required to be disclosed as per paragraphs 3 & 4 of Part II of Schedule - VI to the Companies Act, 1956 have not been furnished, as they have been exempted vide Notification f. No. 51/12/2007 - CL.III date 8th February, 2011, issued by the Ministry of Corporate Affairs, Govern- ment of India.

Note No. 7 : Contingent Liabilities :

Claims against the Company not acknowledged as debts

                                        Current Year   Previous Year 
Sl.
No.
     Particulars                        (RS.In Lakhs) (RS.In Lakhs)

ii) Customs Duty and Excise Duty              76.31        76.31

iii) Service Tax                              14.04        14.04

In earlier years, the Company has received adverse Judgement in a lower court in respect of a claim made by a Contractor at construction site. The Company has appealed against the judgement to the A.P. High Court and the case is pending disposal.

Note No. 8: Segment Reporting:

The Company's only Business is Integrated Aqua Culture and related activities and hence disclosure of segment wise information is not applicable as required as per Accounting Standard-17 notified by the Company's (Accounting Standards) Rules, 2006. There is no geographical segment to be reported since all the operations are in India.

Note No. 9: Related Party Disclosures:

Information relating to related party transactions as per Accounting Standard 18 issued by the Institute of Chartered Accountants of India is given below:

Note No. 10: Micro, Small and Medium Enterprises:

The Company has not received any information from the suppliers as regards their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclo- sure requirements in this regard as per Schedule - VI of the Companies Act, 1956 could not be provided. However, no interest accrued / paid during the year to any of the suppliers.

Note No.11: Previous year figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification disclosure.