II. NOTES TO THE ACCOUNTS :

1. Equity Shares:

The Company has one class of equity shares having a par value of Rs. 10 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

(Refer Note No. 1 Share Capital )

2. Details of security provided in respect of the secured Short-term borrowings:

a. Cash Credit From State Bank Of India having credit balance of Rs. 34,30,188.47/- as on 31st March, 2016. The detail of same is as under:

Security: The Working Capital loans from State Bank of India is Secured by way of hypothecation of company's entire current assets present and future of Company. This is also secured by way of mortgage of Collateral Security (i) Factory Land, Building, Plant and Machinery and other Fixed Assets of Company situated at Plot Nos. A-8, A-9,A-15/2,MIDC, Mahad. (ii) Office No. 103and 104 Unique Tower, Goregoan, Mumbai (iii) Lien of TDR of Rs. 0.13 crore in the name of Company. Further, Directors of Company have also given personal guarantee.

Credit Balance of cash credit from State Bank of India is included in Short Term Borrowings under Note no-3 of the financial statements.

3. Segment Reporting:

As the Company s business activity falls within a single primary business segment H-Acid Chemicals product the disclosure requirement of Accounting Standard (AS) 17 Segment Reporting are not applicable.