Notes to Accounts of Refex Renewables & Infrastructure Ltd.

Mar 31, 2014

1. Based on available information with the company, there are no dues to micro, small and medium enterprises as defined in the micro small and medium enterprise development act, 2006.

2. Previous year''s figures have been recasted / reclassified, wherever necessary, to conform to the current year''s classifications

3. Figures are rounded off to the nearest rupee.

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Mar 31, 2013

1.1 Based on available information with the company, there are no dues to micro, small and medium enterprises as defined in the micro small and medium enterprise development act, 2006.

1.2 Previous year''s figures have been recasted / reclassified, wherever necessary, to conform to the current year''s classifications.

1.3 Figures are rounded off to the nearest rupee.

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Mar 31, 2012

1.1 Based on available information with the company, there are no dues to micro, small and medium enterprises as defined in the micro small and medium enterprise development act, 2006.

1.2 Previous year's figures have been recasted / reclassified, wherever necessary, to conform to the current year's classifications.

1.3 Figures are rounded off to the nearest rupee.

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Mar 31, 2009

(a).Emplovee Benefits:

(i) The Companys liability towards Gratuity to the eligible employees is covered by a Group Policy with the Life Insurance Corporation of India and the liability has been accounted on LICs actuarial basis.

(ii) Liability in respect of Providend Fund is made on accrual basis.

(iii) Liability in respect of Leave Encashment is made on the basis of actual calculation as per Companys policy.

(i).Segment Report:

The primary reporting of the Company has been prepared on the basis of business segments. The Company has only one business segment i.e., Marine Products Trading. Accordingly, the figures appearing in the financial statements relate to the Companys single business segment. Secondary segmental reporting is performed on the basis of geographical location of the customers.

(i).Related Party Disclosures:

- (i).Particulars of Associates:

Name of the Related Party Nature of Relationship

Sri Kausalya Constructions Limited Associate Company

Scanet Trading Private Limited Associate Company

- (ii) Key Management Personnel and their Relatives

Mr.Y.Meera Reddy Managing Director

(a).Contingent Liability:

Bank guarntee given to Commercial Taxes Department Rs.Nil (Pre.year Rs.32,8861) Disputed Demand for Income-tax Rs.735,190 (Previous Year Rs.735,190)

(f).There are no amounts due to micro, small and medium enterprises (previous Year Rs.Nil).

(g).Figures for previous year are re-grouped, re-classified and re-arranged wherever necessary to conform to current years classifications.