Notes to Accounts of Anjani Synthetics Ltd.

Mar 31, 2015

1.Terms/rights attached to equity shares :

The company has only one class of equity shares having par value of Rs. 10/-(Previous year Rs. 10/-) per share. Each holder of equity shares is entitled to one vote per share.

2. Figures have been rounded off to nearest rupee.

3. Contingent liabilities & Commitments NIL NIL

4. Break up of expenditure incurred on employess who were in receipt of remuneration aggregating Rs. 6000000/- or more for year or Rs. 500000/- or more, per month where employed for a part of the year. Nil (Previous Year Rs. Nil).

5. DEFERRED TAX : The company on prudent basis has not considered deferred tax assets.

6. Pursuant to the enactment of Companies Act 2013, the Company has applied the estimated useful lives as specified in Schedule II. Accordingly the unamortised carrying value is being depreciated over the revised/remaining useful lives. The written down value of Fixed Assets whose lives have expired as at 1st April 2014 have been adjusted in the opening balance of Profit and Loss Account amounting of Rs. 1843867/-.

7. Disclosures in respect of related parties as defined in Accounting Standard 18, with whom transactions have taken place during the year are given below :-

a. Associate Companies in which directors or their relatives are interested

: Virat Spinners Pvt.Ltd.

b. Associate Concerns in which directors or their relatives are interested

: Aakruti Textile

c. Directors and their relatives

: Subhkaran T Agarwal

Subhkaran T Agarwal HUF Vasudev S. Agarwal Vasudev S. Agarwal HUF Ravi kumar S.Agarwal Ravi kumar S.Agarwal HUF Kajal Ravi Agarwal Anjana Kailash Agarwal Bimla Devi S.agarwal Kailash S. Agarwal Kailash S. Agarwal HUF Anita V. Agarwal Aashna V.Agarwal Mahavir Prasad Dalmia

8. Micro & Small Enterprises Dues :

As per information given to us there were no amount overdue and remaining outstanding to small scale and /or ancillary Industrial suppliers on account of principal and /or interest as at the close of the year. Based on the information available with company, there are no dues outstanding to Micro and Small Enterprises as defined under Micro, Small and Medium Enterprises Development Act, 2006 for more than 45 days as at March 31,2015.

9.Previous year's figures have been regrouped/rearranged wherever necessary so as to make them comparable with the figures of the current year.

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Mar 31, 2014

Terms/rights attached to equity shares

The company has only one class of equity shares having par value of Rs. 10/- (Previous year Rs. 10/-) per share. Each holder of equity shares is entitled to one vote per share.

1. Term loan from Punjab National Bank are secured against hypothecation of Plant & Machinery and other fixed assets of the company. The loans are further secured by mortgage of certain land, office building, residential premises owned by Directors or their relatives.

2. Installments falling due in respect of all the above term loans upto 31.03.2014 have been grouped under "Current maturities of long term borowings." (refer Note 6)

1 Working capital facilities under the name cash credit, packing credit etc. are secured against hypothecation of all current assets including stock of raw material, stock in process, finished goods, stores & spares, book debt etc. The facilities are further secured by mortgaged of certain immovable properties owned by Directors and their relatives.

3. Figures have been rounded off to nearest rupee.

4. Balance of Trade Payables, Receivables, Loans and advances, unsecured loans are subject to confirmation.

5. contingent liabilities & Commitments NIL NIL

6. Break up of expenditure incurred on employess who were in receipt of remuneration aggregating Rs. 6000000/- or more for year or Rs. 500000/- or more, per month where employed for a part of the year. Nil (Previous Year l Nil).

7. DEFERRED TAX

The company on prudent basis has not considered deferred tax assets.

8. "Ahmedabad Textile Processors Association, in which company is also a member had formed an organization namely "Narol Textile Infrastructure and Enviro Management" to Resolve the recurring Problem of water pollution arising out of discharge of polluted water by textile processors. This organization has started work on the project and contribution from each member towards project has been calculated on the basis of discharge of water every day by the member company. The company''s total contribution towards project was determined at Rs. 1,14,00,000/- which the company has paid/- . The last installment has been completed during the current year. The company is treating the said contribution as a addition spereately in the schedule to Fixed Assets and depreciation has been claimed on the rates applicable as per the companies Act. As informed the company has also started discharging its polluted water through this pipeline. "

9. Micro & Small Enterprises Dues

As per information given to us there were no amount overdue and remaining outstanding to small scale and /or ancillary Industrial suppliers on account of principal and /or interest as at the close of the year. Based on the information available with company, there are no dues outstanding to Micro and Small Enterprises as defined under Micro, Small and Medium Enterprises Development Act, 2006 for more than 45 days as at March 31, 2014.

10. Previous year''s figures have been regrouped/rearranged wherever necessary so as to make them comparable with the figures of the current year.

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Mar 31, 2013

1 The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous year’s figures have been regrouped / reclassified wherever necessary to correspond with the current year’s classification / disclosure

2 Figures have been rounded off to nearest rupee.

3 DEFERRED TAX

The compnay on prudent basis has not considered deferred tax assets.

4 Ahmedabad Textile Processors Association, in which company is also a member has form an organization namely "Narol Textile Infrastructure and Enviro Management" to Resolve the recurring Problem of water pollution arising out of discharge of polluted water by textile processors. The newly formed organization has started work on the project and contribution from each member towards project has been calculated on the basis of discharge of water every day by the member company. The company’s total contribution towards project has been determined at Rs. 1,14,00,000/- and out of that a sum of Rs. 71,25,000/- has been paid. Pending completion of project i.e. pipe line and common Affluent Treatment Plant, the contribution made by the company has been shown under the head "Loans and Advances".

c. Directors and their relatives:

Shri Subhkaran T. Agarwal

Shri Subhkaran T. Agarwal HUF

Shri Vasudev S. Agarwal

Shri Vasudev S. Agarwal HUF

Shri Vasudev S. Agarwal Family Trust

Shri Ravi kumar S. Agarwal

Shri Ravi kumar S. Agarwal HUF

Smt.Kajal Ravi Agarwal

Smt.Anjana Kailash Agarwal

Smt.Bimla Devi S.agarwal

Shri Kailash S. Agarwal

Shri Kailash S. Agarwal HUF

Shri Kailash S. Agarwal Family Trust

Smt.Anita V. Agarwal

Aashna V.Agarwal

Mahavir Prasad Dalmiya

5 Micro & Small Enterprises Dues

As per information given to us there were no amount overdue and remaining outstanding to small scale and /or ancillary Industrial suppliers on account of principal and /or interest as at the close of the year. Based on the information available with company, there are no dues outstanding to Micro and Small Enterprises as defined under Micro, Small and Medium Enterprises Development Act, 2006 for more than 45 days as at March 31, 2013.

6 Previous year’s figures have been regrouped/rearranged wherever necessary so as to make them comparable with the figures of the current year.

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Mar 31, 2012

A. Terms/rights attached to equity shares

The company has only one class of equity shares having par value of Rs. 10/- (Previous year Rs. 1/-) per share. Each holder of equity shares is entitled to one vote per share.

1 Term loan from Punjab National Bank are secured against hypothecation of Plant & Machinery and other fixed assets of the campany. The loans are further secured by mortgage of certain land, office building, residential premises owned by Directors or their relatives.

2 Installments falling due in respect of all the above term loans upto 31.03.2013 have been grouped under "Current maturities of long term borowings." (refer Note 6)

1 Working capital facilities under the name cash credit, packing credit etc. are secured against hypothecation of all current assets including stock of raw material, stock in process, finished goods, stores & spares, book debt etc. The facilities are further secured by mortgaged of certain immovable properties owned by Directors and their relatives.

1 The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure

2 Figures have been rounded off to nearest rupee.

3 Balance of Trade Payables, Receivables, Loans and advances, unsecured loans are subject to confirmation.

4 Break up of expenditure incurred on employess who were in receipt of remuneration aggregating Rs. 2400000/ - or more for year or Rs. 200000/- or more, where employed for a part of the year. Nil (Previous Year Rs. Nil).

5 DEFERRED TAX

The compnay on prudent basis has not considered deferred tax assets.

6 Ahmedabad Textile Processors Association, in which company is also a member has form an organization namely "Narol Textile Infrastructure and Enviro Management" to Resolve the recurring Problem of water pollution arising out of discharge of polluted water by textile processors. The newly formed organization has started work on the project and contribution from each member towards project has been calculated on the basis of discharge of water every day by the member company. The company's total contribution towards project has been determined at Rs 1,14,00,000/- and out of that a sum of Rs. 35,62,500/- has been paid. Pending completion of project i.e. pipe line and common Affluent Treatment Plant, the contribution made by the company has been shown under the head "Loans and Advances".

7 Micro & Small Enterprises Dues

As per information given to us there were no amount overdue and remaining outstanding to small scale and /or ancillary Industrial suppliers on account of principal and /or interest as at the close of the year. Based on the information available with company, there are no dues outstanding to Micro and Small Enterprises as defined under Micro, Small and Medium Enterprises Development Act, 2006 for more than 45 days as at March 31, 2012.

8 Previous year's figures have been regrouped/rearranged wherever necessary so as to make them comparable with the figures of the current year.

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Mar 31, 2010

1. Figures have been rounded off to nearest rupee.

2. Previous year figures have been regrouped, rearranged, wherever found necessary

3 Balances of Sundry Debtors, Creditors, Loans and advances are subject to confirmation.

4. In the op,n,on of the directors, current assets, loans and advances have the value at which they are stated in Balance Sheet if realized, in the ordinary course of the business The provision for all liability is adequate and not , excess of the amount reasonably necessary.

There is no amount overdue to small scale and / or Ancillary Industrial suppliers on account of principal and / or interest as at the close of the year. This information is based on the data/ particulars received by the company from the parties.

i Provision for income tax is based on the taxable profits of the company in accordance with the income Tax Act.

ii. Estimated amounts of contracts remaining to be executed on capital account and not provided for Rs NIL (Prev. Yr Rs NIL)

iii. Amount of borrowing cost capitalized as per "Accounting Standard-16". during the year was Rs NIL

1 There is no lease transaction during the year as per "Accounting Standard - 19"

2. As required by "Accounting Standard -20" the basic Earning per Share (EPS) is Rs. 0.22 arrived at by dividing the Profit After Tax (PAT) by the total number of shares issued and subscribed as at the end of the year.

3 There are no separate reportable segments as per Accounting Standard 17 as the entire operations of the Company relate to one segments, viz. the Textile

5. Disclosures in respect of related parties as defined in Accounting Standard 18, with whom transactions have taken place during the year are given below :-

(a) Associate Bodies Corporate. Parth International P. Ltd.

(b) Associate Concerns in which directors or their relatives are interested Aakruti Textile

(c) Directors and their relatives : Shri SubhkaranT.Agarwal ShriVasudevS. Agarwal Shri Vasudev S. Agarwal HUF

Shri Vasudev S. Agarwal Family Trust

Shri Ravi kumar S.Agarwal

Smt.AnjanaKailashAgarwal

Smt. Bimla Devi S.agarwal

Shri Kailash S. Agarwal

Shri Kailash S. Agarwal HUF

Shri Kailash S. Agarwal Family Trust

Smt. Anita V. Agarwal