Notes to Accounts of Delta Industrial Resources Ltd.

Mar 31, 2013

1. Provision for tax for the year comprised estimated current income tax determined to be payable in respect of taxable income The company has not recognised deferred tax for the year due to consideration of prudence as in the opinion of management sufficient future taxable income may not be available against which deferred tax assets can be realised

2. Previous years figures have been regrouped / reclassified wherever necessary to correspond with the current years classification / disclosure

3. Personal accounts of the Parties, whether in debit or credit, are subject to confirmation of parties.

4. Other informations pursuant to Revised Schedule VI of the Companies Act, 1956 are not given, as the same are not applicable for the year

5. During the year the company has sold 88000 shares equivalent to 52.85% of subsidiary company Best Holdings Ltd. After the sale of said shares, the holding of the company in M/s Best Holdings Ltd has reduced to 46.25%. Hence Best Holdings Ltd is no longer subsidiary of Delta Industrial Resources Ltd

6. In the opinion of the Management, the value on realization of current/ Non Current Assets, loans & advances in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet and all liabilities have been adequately provided for

7. Related Party Disclosure:

Details of transaction entered into with related parties during the year as required by Accounting Standard-18 on "Related Parties Disclosures" issued by Institute of Chartered Accountants of India are as under

List of Related Parties

Key Management Personnel Mr. R.S.Negi Mr. Sanjay Kumar Mr. G.Rajakumar

8. Advance for shares ?1370 hundreds represent cash received from 9 parties for which the company has to deliver the shares

---

Mar 31, 2011

1. Figures for previous year have been regrouped and reclassified, wherever considered necessary.

2. The schedules A to F from an integral part of the Balance Sheet and Profit & Loss Account and have been duly authenticated.

3. Provision for tax for the year comprised estimated current income tax determined to be payable in respect of taxable income. The company has not recognised deferred tax for the year due to consideration of prudence as in the opinion of management sufficient future taxable income may not be available against which deferred tax assets can be realised.

4. Loans & Advances given by the Company are confirmed by the parties.

5. Payment/provision for payment to Auditors: Audit fees 11030/-, others services NIL, (Previous year Audit fees Rs. 7721/- , Income Tax Matters Rs.3309/-, other services Rs.4964/-.)

6. No provision has been made for the loss of Rs. 19,78,384/- till date incurred by the Subsidiary Company M/s Best Holdings Ltd. However, the accounts of the Subsidiary Company has been prepared on a going concern basis.

7. Related Party Disclosure:

Details of transaction entered into with related parties during the year as required by Accounting Standard 18 on "Related Parties Disclosures" issued by Institute of Chartered Accountants of India are as under:

8. Advance for shares Rs. 1,37,000/- represent cash received from 9 parties for v/hich the company has to deliver the shares.

9. Other Additional information is not applicable, therefore not given.