Notes to Accounts of Vasundhara Rasayans Ltd.

Mar 31, 2015

Note : 1

NATURE OF SECURITY

Term loan amounting to Rs.32,97,253/- (March 31.03.2014 Rs.78,36,517/-) is secured by Exclusive and specific charge on the assets acquired under the loan for Land & Factory Shed, Plant & Machinery.

Note : 2

TERMS OF REPAYMENT

Repayable in 77 months Installments commencing from April,2010. Last Installment due in September,2016. Rate of Interest 13.25% p.a. at year end.

NOTE : 3

AS Per AS- 18 Related Party Disclosures:

List of related parties with whom transactions have taken place during the year

STATUS NAME OF THE RELATED PARTY

Holding Company: P & J Cretechem Pvt. Ltd.

Entities having Common Control (Others): Taurus Chemicals Pvt.Ltd.

Key Managerial Personnel Prakash Chand Jain Rajesh Pokerna Sunil Kumar Jain Sanjay kumar Jain

Relatives Of Key Managerial Person Alka Devi Jain

Note 4.

Contingent liabilities provided for Rs. Nil. (Previous Year: Rs. Nil).

Note 5

Retirement Benefit - Gratuity

The company has an unfunded defined contribution gratuity plan. Every employee who has completed 5 years or more of service is eligible for a gratuity on departure at 15 days salary (last drawn salary) per each completed year of service.

Consequent to the adoption of revised AS- 15 Employee Benefits issued under Companies (Accounting Standards) Amendment Rules 2008, the following disclosures have been made as required by the standard.

The following tables summaries the component of the net employee benefit expenses reconginsed in the profit and loss account, and the fund status and amount recognised in the balance sheet for the gratuity benefit plan.

Note 6.

The Company has also made provision for Liability related to their employees who are not covered under the above scheme. The balance of this Non-Funded Liability as on 31.03.2015 is Rs.9,05,865/- (Previous year Rs.9,05,865/-).

Note 7.

The Company''s significant leasing arrangements are in respect of operating lease for premises (Residential for Directors & Employees, Guest House, Offices etc). The leasing arrangements, which are not non-cancelable, range between 11 months and 3 years generally or longer and are usually renewable by mutual consent between the parties. The amount of lease rent paid is debited to Rent Account.

Note 8.

The Company has not received the required information from suppliers regarding their status under the Micro, Small and Medium Enterprise Development Act, 2006. Hence, disclosures if any, relating to amounts unpaid as at the year-end together with interest paid/payable as required under the said Act have not been made.

Note 9.

Previous Year''s figures have been regrouped/ reclassified wherever necessary to correspond with current year''s classification / disclosure.

The figures have been rounded off to nearest rupee.

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Mar 31, 2014

1.1 Each holder of equity shares is entitled to one vote per share

2 Contingent liabilities provided for Rs. Nil. (Previous Year: Rs. Nil).

3 Retirement Benefit - Gratuity

The company has an unfunded defined contribution gratuity plan. Every employee who has completed 5 years or more of service is eligible for a gratuity on departure at 15 days salary (last drawn salary) per each completed year of service.

Consequent to the adoption of revised AS- 15 Employee Benefits issued under Companies (Accounting Standards) Amendment Rules 2008, the following disclosures have been made as required by the standard.

The following tables summaries the component of the net employee benefit expenses reconginsed in the profit and loss account, and the fund status and amount recognised in the balance sheet for the gratuity benefit plan.

3.1 The Company has also made provision for Liability related to their employees who are not covered under the above scheme. The balance of this Non-Funded Liability as on 31.03.2014 is Rs.905865/- (Previous year Rs.905865/-).

4 The Company''s significant leasing arrangements are in respect of operating lease for premises

(Residential for Directors & Employees, Guest House, Offices etc). The leasing arrangements, which are not non-cancelable, range between 11 months and 3 years generally or longer and are usually renewable by mutual consent between the parties. The amount of lease rent paid is debited to Rent Account.

5 Additional Information pursuant to provision of paragraph 3(ii)(d), 4C & 40 of part 11 of Schedule VI of the Companies Act, 1956.

(a) Licensed & Installed Capacity:

1. Total installed capacity in powder form is 1500 MT. per annum of Unit-I.

2. Total installed capacity of IBAP Plant is 2400 MT. per annum of Unit-II.

IBAP Plant is engaged and doing the conversion job of various parties only and the said plant does not have its own Manufacturing product.

6 The Company has not received the required information from suppliers regarding their status under the Micro, Small and Medium Enterprise Development Act, 2006. Hence, disclosures if any, relating to amounts unpaid as at the year-end together with interest paid/payable as required under the said Act have not been made.

7 Previous Year''s figures have been regrouped/ reclassified wherever necessary to correspond with current year''s classification / disclosure.

The figures have been rounded off to nearest rupee.

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Mar 31, 2013

1.1 The Companyhas not issued any securities convertible into equity / preference shares.

1.2 During any of the Iast years from year ended 31st March 2013

ESSf without Pament being received 1 No shares were allotted as fully paid up by way of bonus shares No shares were bought back.

1.3 Each holder of equity shares is entitled to one vote per share

Nature of Security and terms of repayment for long term of Repayment Nature of Security

NATURE OF SECURITY

Term loan amounting to Rs. 15913985/- (March 31.03.20.13 Rs. 15918965/-) is secured by Exdustv and specific charge on the assets acquired under the loan for Land & Factory Shed. Plants Machinery.

TERMS OF REPAYMENT

Repayable in 77 months Installments commencing from April.2010. Last Installment due in September,20l6. Rate of Interest 13.25% p.a. at year end. 41 months installments are stiflundue.

2. Contingent liabilities provided for Rs. Nil (previous year : Rs.Nil)

3. DEFERRED TAX LIABILITIES:

i) Deferred TaxAssets and Liabilities have been considered in accordance with AS-22, issued by the ICAI.

4. Retirement Benefit - Gratuity

The company has an unfunded defined contribution gratuity plan. Every employee who has completed 5 years or more of service is eligible for a gratuity on departure at 15 days salary (last drawn salary) per each completed year of service.

Consequent to the adoption of revised AS-15 Employee Benefits issued under Companies (Accounting Standards) Amendment Rules 2008, the following disclosures have been made as required by-the standard.

The following tables summaries the components of the net employee benefit expenses reconginsed in the profit and loss account, and the fund status and amount recognised in the balance sheet for the gratuity benefit plan.

Note:-

The Company also has made a provision for Liability of related to their employee who are not covered under the above scheme. The balance of this Non-Funded Liability as on 31.03.2013 is Rs.905865/- (Previous year Rs.905 865/-).

5. The Company''s significant leasing arrangements are in respect of operating lease for premises (Residential for Directors & Employees, Guest House, Offices etc). These teasing arrangements, which are not non-cancelable, range between 11 months and 3 years generally or longer and are usually renewable by mutual consent between the parties. The amount of lease rent paid is debited to Rent Account, and is disclosed in Schedule -18.

6. Related Party Disclosures:

List of related parties with whom transactions have taken place during the year:

1. Holding Company:

a) P & J Cretechem Pvt. Ltd.

2. Entities having Common Con troJ (Others); a) Taurus ChemicaJs Pvt Ltd.

3. Key Managerlal PersonnaI

a) Prakash Chand JaJn

b) Rajesh Pokerna

C) Sunil Kumar Jain dj Sanajy Kumar Jain

4. Relatives

a) Afka Jain

b) Kiran Devi Jain

c) Manju Devi Jain

d) Raj Kumar Jain

e) Rama Devi Jain

7, Additional Infornnation pursuant to provision of paragraph

3(ii)d), 4C & 40 of part 11 of Schedule VI of the Companies Act, 1956.

(a) Licensed & Installed Capacity:

1, Total Installed capacity in powder form Is 1500 MT, per annum of Unit-I, ,

2 Total installed capacity of I BAP Plant is 2400 MT per annum of Unit-II.

8. IBAP Plant is engaged and doing the conversion job of various parties only and the said plant does not have its own Manufacturing product.

AA. The Company not received the required information from suppliers regarding their status under the Micro. Small and Medium Enterprise Develop men (Act, 2006. Hence, disclosures if any, relating to amounts unpaid as at the year-end together with interest paid/payable as required under the said Act have not been made,

9. The figures have been rounded off to nearest rupee.