Notes to Accounts of Sugam Agro-Tech Ltd.

Mar 31, 2011

1. During the current accounting year the Company has not amortized the preliminary expenses, share issue expenses and deferred revenue expenditure in view of losses.

2. The Company has not calculated depreciation on fixed assets, as there was no business operation during the current year.

3. The company has not provided for Gratuity for the year, as there were no employees

4. Related Party Transactions The Company has received unsecured loans from the following related parties:

5. Contingent Liabilities:

Citibank has filed a suit for import bin settlement of Rs.7.66 lakhs and got orders in their favour along with interest.

6. Segment Reporting

As the Company has no business operations during the year, no Segment Reporting is made.

7. There are no dues to Small Scale industrial Undertakings outstanding above Rs.1,00,000 and exceeding 30 days.

8. Figures of the previous year have been regrouped wherever necessary.

9. Figures have been rounded off to the nearest rupee.

10. Quantitative details: The Information as required under paragraphs 3. 4C and 4 D of Part ll of Schedule VI of the Companies Act, 1956 Is not provided as the Company was not in operation during the current year.

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Mar 31, 2010

1. During the current accounting year the Company has not amortized the preliminary expenses, share issue expenses and deferred revenue expenditure in view of losses.

2. The Company has not calculated depreciation on fixed assets, as there was no business operation during the current year.

3. The company has not provided for Gratuity for the year, as there were no employees

4. Contingent Liabilities:

Citibank has filed a suit for Import bill settlement of Rs.7.66 lakhs and got orders in their favour along with interest

5. Segment Reporting

As the Company has no business operations during the year, no Segment Reporting is made.

6. There are no dues to Small Scale Industrial Undertakings outstanding above Rs. 1,00,000 and exceeding 30 days.

7. Figures of the previous year have been regrouped wherever necessary.

8. Figures have been rounded off to the nearest rupee.

9. Quantitative details: The information as required under paragraphs 3, 4C and 4 D of Part II of Schedule VI of the Companies Act, 1956 is not provided as the Company was not in operation during the current year.