2 Related parties

(i) Names of Key management personnel

Director - Mr. Shekhar Somani

(ii) Individuals owning, directly or indirectly, an interest in the voting power of the reporting enterprise that gives them control or significant influence over the enterprise, and relatives of any such individual.

Mr.Shekhar Somani

(iii) Other enterprises where Key management personnel exercise significant influence.

Ceres Company Private Limited

Shree Vindhya Paper Mills Limited

3 No contract on capital account remains to be executed.

4 There are no amounts payable to Small Scale Industrial Undertaking to whom the company owes a sum exceeding Rs. 1 lac which is outstanding for more than 30 days.

5 Managerial Remuneration paid to Directors Rs. NIL during the year.

6 Certain debit/credit balances in the accounts are subject to cofirmation.

7 In the opinion of the Board, the Current Assets, Loans & advances are approximately of the value stated if realised in ordinary course of business. The provision of all known liabilities is adequate and not in excess of the amount reasonably necessary.

8 Expenditure in Foreign Currency during the year amounted to Rs.NIL/- for Travelling & other expenses (Previous Year Rs. NIL).

9 Earning in Foreign Currency during the year amounted to Rs. NIL of Export of Services (Professional charges in connection with outsourced research on Indian companies) (Previous Year Rs. NIL).

10 Figures have been rounded off to the nearest rupees.

11 There has been a diminution in the value of long term quoted investments to the extent of Rs.7,40,70,921/-(P.Y. Rs. 7,40,70,921/-). No provision has been made for the same since in the opinion of the management the diminution if any will be accounted at the time of final settlement of the investments.