Notes to Accounts of Surbhi Industries Ltd.

Mar 31, 2011

1. Contingent Liability Nil (Previous year Rs.Nil.)

2. Remuneration paid to Directors Rs.120000/- (Previous year Rs.120000/-)

3. Estimated amount of capital contract remaining to be executed and not yet provided for Rs.30,00,000/- (Advance given Rs.4,50,000/-).

4. Related Party Transactions.

As Per AS-18 issued by the institute of Chartered Accountants of India, the Company's related parties in terms of AS-18 are disclosed below:

List of related Parties:

(a) Key Management Personnel:

Ravjibhai P. Patel Managing Director

Bipinbhai J. Patel Director

Pravinbhai G. Patel Director

Nimesh Jariwala Director

5. No employee was in receipt of Remuneration aggregating to Rs.24,00,000/- or more per year or Rs.2,00,000/- or more per month for the part of the year. Previous year also there was no such employee.

6. Small Scale Industries :-

The Company does not possess information as to which of its suppliers are ancillary Industrial undertaking / Small-Scale industrial undertaking. Consequently, the liability, if any of interest which could be payable under the interest of delayed payment to small-scale and ancillary industrial Act., 1993 can not be ascertained. However, the company has not received any claim in respect of interest.

7. Additional information pursuant to the provisions of paragraph 3, 4C & 4D of Part II of Schedule VI to the Companies Act., 1956: (Taken, Valued as certified by the management).

8. Imported raw materials, Spare Parts and components purchased during the year value Rs.Nil/- (Previous year Rs. Nil)

9. Imported Raw Materials, Spare Parts consumed during the year Rs.Nil (Previous year Rs.2695314/-).

10. The balance of sundry debtors, sundry creditor and Loans & Advances account are subject to confirmation.

11. The figures for the previous year have been regrouped and rearranged wherever considered necessary.

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Mar 31, 2010

1. Contingent Liability Nil (Previous year Rs.Nil.)

2. Remuneration paid to Directors Rs.120000/-(Previous year Rs.120000/-)

3. Estimated amount of capital contract remaining to be executed and not yet provided for Rs.Nil. (Advance given Rs.Nil).

4. Related Party Transactions

As per AS-18 issued by the institute of Chartered Accountants of India, the Company's related parties in terms of AS-18 are disclosed below:

List of related Parties:

(a) Key Management Personnel:

Ravjibhai P. Patel Managing Director

Bipinbhai J. Patel Director

Pravinbhai G. Patel Director

Nimesh Jariwala Director

5. Segment Reporting:

The Company operates in a single segment viz. Textile only. There is no other distinguishable components of company which can be identified as segment.

6. No employee was in receipt of Remuneration aggregating to Rs.24,00,000/- or more per year or Rs.2,00,000/- or more per month for the part of the year. Previous year also there was no such employee.

7. Small Scale Industries:-

The Company does not posses information as to which of its suppliers are ancillary Industrial undertaking / Small-Scale industrial undertaking. Consequently, the liability, if any of interest which could be payable under the interest of delayed payment to small-scale and ancillary industrial Act., 1993 can not be ascertained. However, the company has not received any claim in respect of interest.

8. Additional information pursuant to the provisions of paragraph 3, 4C & 4D of Part II of Schedule VI to the Companies Act., 1956; (Taken, Valued as certified by the management).

9. Imported raw materials, Spare Parts and components purchased during the year value Rs.2695314/- (Previous year Rs. Nil)

10. Imported Raw Materials, Spare Parts consumed during the year Rs.2695314/- (Previous year Rs. Nil).

11. Earning in Foreign Currency is Rs.Nil (Previous year Rs.Nil)

12. The balance of sundry debtors, sundry creditor and Loans & Advances account are subject to confirmation.

13. The figures for the previous year have been regrouped and rearranged wherever considered necessary.