Balances of Trade Receivables, Loans and Advances, Secured Loans, Trade Payables & Others are subject to confirmation and reconciliation and consequential adjustments, if any.

NOTE:2

In the opinion of the Board & to the best of their knowledge & belief the value of realization of current assets, loans & advances in the ordinary course of business would not be less than the amount at which they are stated in the Balance Sheet & the provisions for all the loans & determined liabilities is adequate and not in excess of the amount stated in balance sheet.

NOTE:3

According to a technical assessment carried out by the Company, there is no impairment in the carrying cost of cash generating units of the Company in terms of Accounting Standards28 issued by The Institute of Chartered Accountants of India.

NOTE:4

The Company has not provided for Gratuity and Leave Encashment to Employees on accrual basis, which is not in conformity with AS - 15 issued by ICAI. However, in the opinion of management the amount involved is negligible and has no impact on Statement of Profit & Loss.

NOTE : 5 DEFERRED TAX ASSETS/(LIABILITY)

The Company has provided Deferred Tax Assets for the year, amounting to Rs. 321,112/- due to the difference between the book balance and the written down value of fixed assets under Income Tax, which is in conformity with Accounting Standard - 22 on "Accounting on Taxes on Income "issued by the Institute of Chartered Accountant of India.

NOTE:6

The Company has not received the required information from suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006. Hence disclosures, if any, relating to amounts unpaid as at the year-end together with interest paid/payable as required under the said Act have not been made.

NOTE : 7 DERIVATIVE INSTRUMENTS

There was no contract related to hedging outstanding at the end of the year. Exposure related to Stock in hand at the end of the year were not hedged amount Rs. 77,103/- (P.Y- 8,92,42,215/-).

NOTE : 8 RELATED PARTY TRANSACTION

Related Parties and Nature of Relationship:

Related Party                 Nature of Relationship

MANISH NAVNIT SHAH            Managing Director

SIDDHI PATIL                  Company secretary

NOTE : 9 SEGMENT INFORMATION (AS17)

Company has only one segment of activity namely "Trading of Bullion". Since there is No export turnover, there are no reportable geographical segments.