Related party transactions

Details of related parties:

Description of relationship Names of related parties

Key Management Personnel (KMP) Mr. Pankaj Kumar Agarwal- Managing Director

                                      Mr. Sandeep Kumar Agarwal- Chief
                                      Financial Officer

                                      Ms. Kanika Agarwal- Company
                                      Secretary

Relatives of KMP                            -

i) Eternity Vanijya Private Limited ii) Mastak Commodities Private Limited iii) Sanyukta Dealers Private Limited

Note: Related parties have been identified by the Management.

2. Corporate Overview

Mayukh Dealtrade Ltd., (Formerly Known As Mayukh Commercial Limited) incorporated on 14th August 1980, having its registered office at 26/1, Strand Road, 1st Floor, Kolkata- 700001, West Bengal. The Directors of the company are Mr. Pankaj Kumar Agarwal, Mr. Sandeep Kumar Agarwal, Mr. Manoj Mahipal and Ms. Pooja Saraogi.

Contingent liabilities & Commitments (to the extent not provided for):

Contingent liabilities.

Claims against the company not acknowledged as debt. : Nil

Guarantees                                                  :      Nil

Commitments:

Estimated amount of contracts remaining to be executed
on Capital A/c & not Provided for                            :    Nil

Uncalled liability on shares & other investments which are
partly paid                                                  :    Nil

Other Commitments                                            :    Nil

Current tax is the amount of tax payable on the taxable income for the year as determined in accordance with the provisions of the Income Tax Act, 1961.

4. Earnings per share

Basic earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary items, if any) by the weighted average number of equity shares outstanding during the year. Diluted earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary items, if any) as adjusted for dividend, interest and other charges to expense or income relating to the dilutive potential equity shares, by the weighted average number of equity shares considered for deriving basic earnings per share and the weighted average number of equity shares which could have been issued on the conversion of all dilutive potential equity shares. Potential equity shares are deemed to be dilutive only if their conversion to equity shares would decrease the net profit per share from continuing ordinary operations.

5. Investment

Unquoted Shares are valued at cost.

6. Cash and Cash equivalents

Cash and Cash equivalents comprise cash and cash on deposit with banks and corporations. The Company considers all highly liquid investments with a remaining maturity at the date of purchase of three months or less and that are readily convertible to known amounts of cash to be cash equivalents.

7. Cash Flow Statements.

Cash Flow Statement has been prepared in accordance with Accounting Standard 3 issued by Institute of Chartered Accountants of India.