Notes to Accounts of Satiate Agri Ltd.

Mar 31, 2014

1. SALES

During the year company has traded in Commodities and figure of sales are total profit figure of jobbing and cost of sales are total figure of loss on jobbing, resulting to that it does not show whole figure of sale & purchase. It show only net figure of sales and purchases as per the guidelines of the Institute of Chartered Accountant of India.

2. SUNDRY CREDITORS, LOANS & ADVAVCES:

Companies'' management periodically verify the outstanding balance of sundry creditors, loans, advances, etc. and on the basis of such verification management determines whether the aid outstanding are good, bad or doubtful and accordingly same are written off or written in the accounts.

3. Contingent Liabilities -NIL

2. Previous year figure have been regrouped to make them comparable with current year figures.

3. Figures have been rounded off to the nearest rupee.

4. Managerial remuneration U/s 198 of the Companies Act, 1956.

2012-13 2013-14

Salary 15000 26000

No commission is payable to any of the Director of the Company hence, computation as required under provision of the Companies Act, 1956 has not been given.

5. Auditors Remuneration:

For this year Rs. 10000/- P.Y. Rs. 10,000/-

6. As the company has discontinued its manufacturing activities the information required under clause 2B(b)(i), 6&7 (in so far as it relate to the value of imports of raw materials, components, spare parts and consumption of raw materials, etc. of part II to schedule VI) are considered to be not applicable.

7. Differed Tax Liabilities: Company having a huge accumulated losses and management is not expecting any early recovery so we have not provided any deferred tax provision,

8. Segment Reporting: Company has discontinue its manufacturing activity and company doing trading in commodities so there is only single segment of commodities and no other separately reportable segment of trade.

Related party Disclosure: There is no any related parties transaction during the year.

Terms/Right/Restriction attached to shares:

The company has only one class of equity share has a paid up Value of Rs 10/- Every shareholder is entitled to one vote per share

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Mar 31, 2013

1. SALES

During the year company has traded in Commodities and figure of sales are total profit figure of jobbing and cost of sales are total figure of loss on jobbing, resulting to that it does not show whole figure of sale & purchase. It show only net figure of sales and purchases as per the guidelines of the Institute of Chartered Accountant of India.

2. SUNDRY CREDITORS, LOANS & ADVAVCES:

Companies’ management periodically verify the outstanding balance of sundry creditors, loans, advances, etc. and on the basis of such verification management determines whether the aid outstanding are good, bad or doubtful and accordingly same are written off or written in the accounts.

3. Contingent Liabilities-NIL

4. Previous year figure have been regrouped to make them comparable with current year figures.

5. Figures have been rounded off to the nearest rupee.

6. Managerial remuneration U/s 198 of the Companies Act, 1956.

No commission is payable to any of the Director of the Company hence, computation as required under provision of the Companies Act, 1956 has not been given.

7. Auditors Remuneration:

For this year Rs. 10000/- P.Y. Rs. 5000/- 6. As the company has discontinued its manufacturing activities the information required under clause 2B(b)(i), 6&7 (in so far as it relate to the value of imports of raw materials, components, spare parts and consumption of raw materials, etc. of part II to schedule VI) are considered to be not applicable.

8. Differed Tax Liabilities: Company having a huge accumulated losses and management is not expecting any early recovery so we have not provided any deferred tax provision,

9. Segment Reporting: Company has discontinue its manufacturing activity and company doing trading in commodities so there is only single segment of commodities and no other separately reportable segment of trade.

Related party Disclosure: There is no any related parties transaction during the year.

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Mar 31, 2011

1. Previous year figure have been regrouped to make them comparable with current year figures.

2. Figures have been rounded off to the nearest rupee.

No commission is payable to any of the Director of the Company hence, computation as required under provision of the Companies Act, 1956 has not been given.

3. Auditors Remuneration:

For this year Rs. 2000/- P.Y. Rs. 1,500/-

4. As the company has discontinued its manufacturing activities the information required under clause 2B(b)(i), 6&7 (in so far as it relate to the value of imports of raw materials, components, spare parts and consumption of raw materials, etc. of part II to schedule VI) are considered to be not applicable.

5. Differed Tax Liabilities: Company having a huge accumulated losses and management is not expecting any early recovery so we have not provided any deferred tax provision,

6. Segment Reporting: Company has discontinue its manufacturing activity and company doing trading in commodities so there is only single segment of commodities and no other separately reportable segment of trade. Related party Disclosure: There is no any related parties transaction during the year.

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Mar 31, 2010

1. Previous vear figure have been regrouped to make them comparable with current vcar figures.

2. Figures have been rounded off to the nearest rupee.

No commission is payable to any of the Director of the Company hence, computation as required under provision of the Companies Act. 1956 has not been given.

3. Auditors Remuneration:

For this year Rs. 1500/- P.Y. Rs. 1.500/-

4. As the company has discontinued its manufacturing activities the information required under clause 2B(b)(i). 6&7 (in so far as it relate to the value of imports of raw materials. components, spare parts and consumption of raw materials, etc. of part II to schedule VI) are considered to be not applicable.

5. Differed Tax Liabilities: Company having a huge accumulated losses and management is not expecting any early recovery so we have not provided any deferred tax provision.-

6. Segment Reporting: Company has discontinue its manufacturing activity and company doing trading in commodities so there is only single segment of commodities and no other separateh reportable segment of trade.

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Mar 31, 2009

1. Previous year figure have been regrouped to make them comparable with current year figures.

2. Figures have been rounded off to the nearest rupee.

3. As the company has discontinued its manufacturing activities the information required under clause 2B(b)(i), 6&7 (in so far as it relate to the value of imports of raw materials. components, spare parts and consumption of raw materials, etc. of part II to schedule VI) are considered to be not applicable. For SHABA CHEMICALS Differed fax Liabilities: Company haing a huge accumulated losses and rnanagement is not expecting any early recovery so we have not provided any deferred tax prov ision.

4. Segment Reporting: Company has discontinue its manufacturing activity and company doing trading in commodities so there is only single segment of commodities and no other separately reportable segment of trade.

Related party Disclosure: There is no any related parties transaction during the year.