Notes to Accounts of Sapan Chemicals Ltd.

Mar 31, 2014

(1) In the Opinion of the Board of Directors, Current Assets, Loans and Advances are realisable.

(2) No further information pursuant 4c and 4d of the part II of Schedule VI of the Companies Act, 1956 is given, as the same is not applicable to the company.

(3) Balance in respect of debtors, bank, creditors, Loans and Advances including Banks are subject to reconciliation and Confirmation.

(4) There is no contingent liability in the Company.

(5) There is no employee drawing remuneration exceeding 12,00,000/- per annum or 1,00,000/- per month as the case may be.

(6) The company has not made any payment to any related party as required by AS-18 of ICAI.

(7) The Company has not made any provision relating to the AS-15, Retirement Benefits. They shall be dealt on cash basis.

(8) The provision of Income Tax has been made considering current profit and any shortfall of earlier years.

(9) Previous year''s figures have been regrouped/rearranged wherever necessary so as to confirm to the balances of the current year.

(10) Payments to Auditors is as under :-

As Statutory Audit fee Rs. 15,000

As Tax Audit/Income Tax Rs. NIL

As Other Matter Rs. NIL

(11) Earning per share is calculated by dividing profit by no. of shares.

During the year the company shares were consolidated into shares of Rs.10 each from shares of Rs. 1/- each. The EPS will be derived on the basis of new capital structure.

(12) There is no Additional information pursuant to para (3) & (4) of part II of Schedule VI of the Companies Act, 1956.

(13) The Company has not provided for impairment of assets as the company has discarded old assets and purchased new assets. The construction part is not yet completed, hence taken in to Capital-work-in-progress.

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Mar 31, 2013

(1) In the Opinion of the Board of Directors, Current Assets, Loans and Advances are realisable.

(2) No further information pursuant 4c and 4d of the part II of Schedule VI of the Companies Act, 1956 is given, as the same is not applicable to the company.

(3) Balance in respect of debtors, bank, creditors, Loans and Advances including Banks are subject to reconciliation and Confirmation.

(4) There is no contingent liability in the Company.

(5) There is no employee drawing remuneration exceeding 12,00,000/- per annum or 1,00,000/- per month as the case may be.

(6) The company has not made any payment to any related party as required by AS-18 of ICAI.

(7) The Company has not made any provision relating to the AS-15, Retirement Benefits. They shall be dealt on cash basis.

(8) The provision of Income Tax has been made considering current profit and any shortfall of earlier years.

(9) Previous year''s figures have been regrouped/rearranged wherever necessary so as to confirm to the balances of the current year.

(10) Payments to Auditors is as under :-

As Statutory Audit fee Rs.15,000

As Tax Audit/Income Tax Rs. NIL

As Other Matter Rs. NIL

(11) Earning per share is calculated by dividing profit by no. of shares.

During the year the company shares were consolidated into shares of Rs.10 each from shares of Rs.1/- each. The EPS will be derived on the basis of new capital structure.

(12) There is no Additional information pursuant to para (3) & (4) of part II of Schedule VI of the Companies Act, 1956.

(13) The Company has not provided for impairment of assets as the company has discarded old assets and purchased new assets. The construction part is not yet completed, hence taken in to Capital-work-in-progress.

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Mar 31, 2011

(1) In the Opinion of the Board of Directors, Current Assets, Loans and Advances are realisable.

(2) No further information pursuant 4c and 4d of the part II of Schedule VI of the Companies Act, 1956 is given, as the same is not applicable to the company.

(3) Balance in respect of debtors, bank, creditors, Loans and Advances including Banks are subject to reconciliation and Confirmation.

(4) There is no contingent liability in the Company.

(5) There is no employee drawing remuneration exceeding 12,00,000/- per annum or 1,00,000/- per month as the case may be.

(6) The company has not made any payment to any related party as required by AS-18 of ICAI.

(7) The Company has not made any provision relating to the AS-15, Retirement Benefits. They shall be dealt on cash basis.

(8) The provision of Income Tax has been made considering current profit and any shortfall of earlier years.

(9) Previous year's figures have been regrouped/rearranged wherever necessary so as to confirm to the balances of the current year.

(10) Earning per share is calculated by dividing profit by no. of shares.

During the year the company shares were consolidated into shares of Rs.10 each from shares of Rs.1/- each. The EPS will be derived on the basis of new capital structure.

(11) There is no Additional information pursuant to para (3) & (4) of part II of Schedule VI of the Companies Act, 1956.

(12) The Company has not provided for impairment of assets as the company has discarded old assets and purchased new assets. The construction part is not yet completed, hence taken in to Capital-work-in-progress.

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Mar 31, 2010

(1) In the Opinion of the Board of Directors, Current Assets, Loans and Advances are realisable.

(2) No further information pursuant 4c and 4d of the part II of Schedule VI of the Companies Act, 1956 is given, as the same is not applicable to the company.

(3) Balance in respect of debtors, bank, creditors, Loans and Advances including Banks aren subject to reconciliation and Confirmation.

(4) There is no contingent liability in the Company.

(5) There is no employee drawing remuneration exceeding 12,00,000/- per annum or 1,00,000/- per month as the case may be.

(6) The company has not made any payment to any related party as required by AS-18 of ICAI.

(7) The Company has not made any provision relating to the AS-15, Retirement Benefits. They shall be dealt on cash basis.

(8) The provision of Income Tax has been made considering current profit and any shortfall of earlier years.

(9) Previous years figures have been wherever necessary so as to confirm to the balances of the current year.

(10) Payments to Auditors is as under :-

As Statutory Audit fee Rs. 10,000

As Tax Audit/Income Tax Rs. NIL

As Other Matter , Rs. NIL

(11) Earning per share is calculated by dividing profit by no. of shares.

During the year the company shares were consolidated into shares of Rs. 10 each from shares of Rs. 1 /- each. The EPS will be derived on the basis of new capital structure.

(12) There is no Additional information pursuant to para (3) & (4) of part II of Schedule VI of the Companies Act, 1956.

(13) The Company has not provided for impairment of assets as the company has discarded old assets and purchased new assets. The construction part is not yet completed, hence taken in to Capital-work-in-progress.