Notes to Accounts of Bio Green Papers Ltd.

Mar 31, 2014

1. The SSI Status of the Creditors is not known to the company; hence the information is not given.

2. SECURED LOANS AND OTHERS: There are secured loans from State Bank of India and Unse- cured Loans from from Directors.

3. Sundry Creditors, Sundry Debtors, Loans & Advances and Unsecured Loans have been taken at their book value subject to confirmation and reconciliation

Audit Fees* 50,000.00 50,000.00

Service Tax 6,180.00 6,180.00

Total 56,180.00 56,180.00

Note: * Excludes Service Tax

5. In accordance with Accounting Standard 22 (AS 22) issued by the ICAI, the Company has ac- counted for deferred income tax Asset during the year of Rs 67,894.19

6. Loans and Advances are considered good in respect of which company does not hold any security other than the personal guarantee of persons.

7. Excise duty has not been taken into account for valuation of finished goods.

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Mar 31, 2012

1. The SSI Status of the Creditors is not known to the company; hence the information is not given.

2. SECURED LOANS AND OTHERS: There are no secured loans but there are Unsecured Loans from Directors

3. Sundry Creditors, Sundry Debtors, Loans & Advances and Unsecured Loans have been taken at their book value subject to confirmation and reconciliation.

4. Loans ana Advances are consiaerea gooa in respect or wnicn company aoes not noia any security other than the personal guarantee of persons.

5. Excise duty has not been taken into account for valuation of finished goods.

6. Addition information pursuant to Para 3 and 4 of Parts 11 of Schedule VI of the Companies Act, 1956 are Nil except given below:-