Notes to Accounts of Radix Industries (India) Ltd.

Mar 31, 2018

1. As per Indian Accounting Standard 24 “Related Parties Disclosure” the disclosure of related parties as defined in the standard are given hereunder:

A. List of Related parties:

Key Management Personnel

a) Sri. G. Raghu Rama Raju, Managing Director

b) Sri. G.G.R. Prabhakara Raju, Director & CFO

c) Smt. G Parvathi, Director

d) Sri. P. Lenin Babu Company Secretary Companies controlled by Key Management Personnel:

a) M/s. Diamond Drop Property Holdings (India) Private Limited (Smt. G. Parvathi, Director interested as Director in the Company)

b) M/s. Arqube Industries (India) Limited

(Sri.G. Raghu Rama Raju, Managing Director &

Smt. G. Parvathi, Director interested as Directors in the Company)

2. Since the company deals only in Manufacturing of Human hair products and there are no geographical segments to be reported.

3. The total sale revenue of Rs.12,06,58,174/- includes an amount of Rs.13,50,220/- towards net exchange gain on account of realization of export receivables.

4. According to an internal technical assessment carried out by the Company, there is no impairment in the carrying cost of cash generating units of the Company in terms of Indian Accounting Standard 36 ‘Impairment of Assets’ .

5. The earmarked balances under head Cash & Cash equivalents represents the balance held in Dividend accounts towards unpaid final dividend of Rs. 31,509/- pertaining to the FY:2014-15, Interim dividend of Rs.31,142/- in respect of FY:2015-16 and Final Dividend of Rs. 37,327 in respect of FY:2016-17.

6. The exchange value for restatement of export receivables and Exchange Earners’ Foreign Currency Account (EEFC) balance are taken at Rs.65.07 per dollar.

7. Cash-flow statement enclosed.

8. Figures in brackets indicate those for the previous period.

9. The previous period’s figures have been regrouped / reclassified wherever necessary to conform to the current period presentation.

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Mar 31, 2016

1. Government Grants:

Grants from government are recognized when there is reasonable assurance that the grant will be received and all attaching conditions will be complied with. Government grants relating to assets the company has opted “capital approach” method. Accordingly, the grant is deducted from the gross value of the assets concerned in arriving at their books value.

Government grants in the nature of export incentives are recognized in the statement of Profit and Loss in the year in which the licenses was approved by respective authorities and the same is considered as reasonable assurance that the enterprise has complied the conditions attached to them and the benefits have been earned by the enterprise is reasonably certain and the ultimate collection will be made.

2. Particulars disclosed pursuant to “AS-18 Related Party Disclosures”.

A. List of Related parties:

Key Management Personnel

a) Sri.G. Raghu Rama Raju, Mg. Director

b) Smt.G.Parvathi, Director

c) Sri.G.G.R. Prabhakara Raju, Director & CFO Companies controlled by Key Management Personnel:

a) M/s. Diamond Drop Property Holdings (India) Private Limited (Smt. G. Parvathi, Director interested as Director in the Company)

b) M/s. Arqube Industries (India) Limited (Sri.G.Raghu Rama Raju, Mg. Director &

Smt. G. Parvathi, Director interested as Directors in the Company)

3. Since the company deals only in Manufacturing of Human hair products, the reporting requirement as per AS-17 on Segment reporting does not arise during the period.

4. The total sale revenue of Rs. 27,92,95,914/- includes an amount of Rs.63,66,251/- towards net exchange gain on account of realization of export receivables.

5. The earmarked balances under head Cash & Cash equivalents represents the balance held in Dividend accounts towards unpaid final dividend of Rs.31,509/- pertaining to the FY: 2014-15 and Interim dividend payable of Rs.27,94,780/- in respect of FY: 2015-16.

6. The exchange value for restatement of export receivables and Exchange Earners'' Foreign Currency Account (EEFC) balance are taken at Rs. 66.25 per dollar.

7. Cash-flow statement enclosed.

8. Figures in brackets indicate those for the previous period.

9. The previous period''s figures have been regrouped / reclassified wherever necessary to conform to the current period presentation

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Mar 31, 2015

1. Corporate information

Radix Industries (India) Limited (the company) is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its shares are listed on two stock exchanges in India. The company is engaged in the manufacturing and selling of human hair products. The company caters to both domestic and international markets.

2. Terms/Rights attached to equity shares:

The company has only one class of equity shares having a par value of Rs.10 per share. Each shareholder is eligible for one vote per share held. The company declares and pays dividend in indian rupees.

In the event of liquidation of the company, the holders of equity Shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders

3. Particulars disclosed pursuant to "AS-18 Related Party Disclosures".

A. List of Related parties:

Key Management Personnel

a) Sri.G. Raghu Rama Raju, Mg.Director

b) Smt.G.Parvathi, Director

c) Sri.G.G.R. Prabhakara Raju, Director

Companies controlled by Key Management Personnel:

a) M/S Diamond Drop Property Holdings(India) Private Limited (Smt. G.Parvathi, Director interested as Director in the Company)

b) M/S Arqube Industries (India) Limited (Sri.G.Raghu Rama Raju, Mg.Director &

Smt. G.Parvathi, Director interested as Directors in the Company)

4. Since the company deals only in Manufacturing of Human hair products, the reporting requirement as per AS-17 on Segment reporting does not arise during the period.

5. Cash-flow statement enclosed.

6. Previous period figures have been regrouped wherever necessary.

7. Figures in brackets indicate those for the previous period.

8. The previous period's figures have been regrouped / reclassified wherever necessary to conform to the current period presentation.

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Mar 31, 2013

1. Corporate information

Radix Industries (India) Limited (the company) is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its shares are listed on two stock exchanges in India. The company is engaged in the manufacturing and selling of human hair products. The company caters to both domestic and international markets.

2. Particulars disclosed pursuant to "AS-18 Related Party Disclosures". A. List of Related parties:

Key Management Personnel

a) Sri.G.Raghu Rama Raju, Chairman & Mg.Director

b) Smt.G.Parvathi, Director

c) Sri G.G.R. Prabhakara Raju, Director

Companies controlled by Key Management Personnel:

M/S. Diamond Drop Property Holdings(lndia) Private Limited (Smt. G.Parvathi, Director interested as Director in the Company)

3. Stocks of Raw Materials, Finished goods, Stores and Spares etc., are as certified by the Management.

4. Outstanding balances in respect of Sundry Debtors, Sundry Creditors and Loans & Advances are subject to confirmation from the parties. In the opinion of the Board of Directors, the Current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated.

5. The company received an amount of Rs. 1,11,744/- towards capital grant from government.

6. Since the company deals only in Manufacturing of Human hair products, the reporting requirement as per AS-17 on Segment reporting does not arise during the period.

7. The Company discounted its export bill of USD 914875 with State Bank of India and the same is treated as realized from the export receivables as the export bill is against LC. The said amount has been realized to the bank on 10/04/2013.

8. Cash-flow statement enclosed.

9. Previous period figures have been regrouped wherever necessary.

10. Figures in brackets indicate those for the previous period.

11. The Previous period''s figures are for 9 months period ended 31st March, 2012, while those of current period for the year ended 31 March, 2013. Hence the same are not comparable. The previous period''s figures have been regrouped / reclassified wherever necessary to conform to the current period presentation

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Mar 31, 2012

1. Corporate information

Radix Industries (India) Limited (the company) is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its shares are listed on two stock exchanges in India. The company is engaged in the manufacturing and selling of human hair products. The company caters to both domestic and international markets.

2. Basis of preparation

The financial statements of the company have been prepared in accordance with generally accepted accounting principles in India (Indian GAAP). The company has prepared these financial statements to comply in all material respects with the accounting standards notified under the Companies (Accounting Standards) Rules, 2006, (as amended) and the revised provisions of the Companies Act, 1956. The financial statements have been prepared on an accrual basis and under the historical cost convention.

The accounting policies adopted in the preparation of financial statements are consisted with those of previous period.

3. Particulars disclosed pursuant to "AS-18 Related Party Disclosures". A. List of Related parties:

Key Management Personnel

a) Sri.G.Raghu Rama Raju, Chairman & Mg.Director

b) Smt.G.Parvathi, Director

c) Sri G.G.R. Prabhakara Raju, Director

Companies controlled by Key Management Personnel:

M/S. Diamond Drop Property Holdings(India) Private Limited (Smt. G.Parvathi , Director interested as Director in the Company)

4. Stocks of Raw Materials, Finished goods, Stores and Spares etc., are as certified by the Management.

5. Outstanding balances in respect of Sundry Debtors, Sundry Creditors and Loans & Advances are subject to confirmation from the parties. In the opinion of the Board of Directors, the Current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated.

6. Advance for Purchase of Raw Materials of - 0.03 lacs were made to Tirumala Tirupathi Devasthanams, Tirupathi.

7. Since the company deals only in Manufacturing of Human hair products, the reporting requirement as per AS-17 on Segment reporting does not arise during the period.

8. Cash-flow statement enclosed.

9. Previous period figures have been regrouped wherever necessary.

10. Figures in brackets indicate those for the previous period.

11. The Previous period''s figures are for 15 months period ended 30th June, 2011, while those of current period are for 9 months ended 31 March, 2012. Hence the same are not comparable. The previous period''s figures have been regrouped/reclassfied wherever necessary to conform to the current period presentation

12. Till the period ended 30th June, 2011, the company was using pre-revised Schedule VI to the Companies Act, 1956, for the preparation and presentation of its financial statements. During the period ended 31 March, 2012 the revised Schedule VI notified under the Companies Act, 1956, has become applicable to the company. The company has reclassified previous period figures to conform to this period''s classification. The adoption of revised Schedule VI does not impact recognition and measurement principles followed for presentation of financial statements, particularly presentation of balance sheet.

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Jun 30, 2011

1. The company decided to change its fiscal year end from March, 31 to June, 30. Hence, audited financial statements are accordingly prepared for the 15 months period ended 30th June, 2011 and compared to 12 months period ended 31st March, 2010.

2. There are no earnings and no expenditure incurred in foreign currency during the year and in previous year.

3. Balances written off consists of the written off amounts due to loan creditor of Rs.25,16,996/- and written off of amount due to a debtor of Rs.10,44,753/-

4. As per the information submitted by the suppliers regarding their status under "Micro Small and Medium Enterprises Development Act, 2006, there are no dues to such suppliers remaining unpaid beyond the appointed day as at the date of Balance Sheet.

5. Outstanding balances in respect of Sundry Debtors, Sundry Creditors and Loans & Advances are subject to confirmation from the parties. In the opinion of the Board of Directors, the Current Assets, Loans and advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated.

6. The Previous year's figures are for the year ended 31st March, 2010, while those of current period are for 15 months ended 30th June, 2011. Hence, the same are not comparable. The previous year's fgures have been regrouped/reclassified wherever necessary to conform to the current period presentation.

7. Paisa have been rounded off.

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Mar 31, 2010

1. Balance in respect of sundry creditors, sundry debtors, loans and advances and unsecured loans are subject to confrmation from respective parties.

2. Additional information to the extent applicable, pursuant to the provisions of Part II of Schedule VI to the Companies Act, 1956.

3. The management has not provide any provision for income tax due to loss.

4. Previous year figures have been regrouped / rearranged wherever necessary.

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Mar 31, 2009

1. Balances in respect of sundry creditors, sundry debtors, loans and advances and unsecured loans are subject to confirmation from respective parties.

2. Additional information to the extent applicable, pursuant to the provisions of Part II of Schedule VI to the Companies Act, 1956.

i) Licensed and installed capacities and actual production: (As certified by the Management)

ii) Licensed and installed capacities and actual production: (As certified by the Management)

3. The management has not provided any provision for income tax due to loss and provided for Fringe Benefit Tax Rs. 6607/-.

4. Previous year figures have been regrouped / rearranged wherever necessary.