Notes to Accounts of Smilax Industries Ltd.

Mar 31, 2014

1. Particulars of Employees in accordance with Sub-section (2A) of Section 217 of the Companies Act, 1956 read with Companies (Particulars of Employees) Rule 1975: NIL

2. There are no dues to SSI Units outstanding for more than 45 days.

3. Confirmations were obtained from debtors/creditors as to the balances receivable from/payable to them as at year end.

4. As there is no timing difference of depreciation/loss, the provision for deferred tax liability does not arise as per Accounting Standard 22 (AS 22) issued by ICAI and hence deferred income tax liability has not been provided.

5. Previous year''s figures have been regrouped wherever necessary.

6. The figures have been rounded off to the nearest rupee.

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Mar 31, 2013

1.particulars of Employees in accordance with sub-section (2A) of section 217 of the companies Act,1956 read with companies (particulars of Employees)Rule 1975: NIL

2 There are no dues to SSI Units outstanding for more than 30 days

3. Confirmations were obtained from debtors/creditors as to the balances receivables from/payable to them as at year end.

4. As there is no timing difference of depreciation/loss the provision for deferred income tax liability does not arise as per Accounting standard 22 (AS22) issued by the ICAI and hence deferred income tax liability has not been provided.

5. Previous year''s figures have been regrouped wherever necessary.

6. The figures have been rounded off to the nearest rupee.

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Mar 31, 2010

1. Particulars of Employees in accordance with Sub-section (2A) of Section 217 of the Companies Act, 1956 read with Companies (Particulars of Employees) Rule 1975: NIL

2. Since there was no commercial operation for the Company during the year, the quantitative details of sales and the information as required under Paragraphs 3 and 4C of Part II of Schedule VI to the Companies Act, 1956, is not applicable.

3. There are no dues to SSI Units outstanding for more than 30 days.

4. Confirmations were obtained from debtors/creditors as to the balances receivables from/payable to them as at year end.

5. As there is no timing difference of depreciation/loss, the provision for deferred Income Tax liability does not arise as per Accounting Standard 22 (AS 22) issued by ICAI and hence deferred Income Tax liability has not been provided.