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Notes to Accounts of Spisys Ltd.

Mar 31, 2015

1)The company has proposed to offer, issue and allot Equity shares to the extent of External Commercial borrowing and accrued interest there on payable M/s V Mane Fils S.A (OCB).Hence, the company has not provided any interest on said loans.

2)Foreign Currency Transactions

3)Segment Reporting:

The Company's operations consist of only one line of activity viz. Spice Extracts and Nutraceuticals and hence segment reporting under AS 17 is not applicable.

4)Previous Year's figures have been regrouped and reclassified wherever is necessary.