Kiev Finance Ltd. के अकाउंट के लिये नोट

Mar 31, 2008

1. Related Party Disclosures:

There is no business transaction with Company(s)/firms /proprietorship firms, which is under the same management in which Directors of the Company are entrusted as Directors and / or shareholders/partners or proprietor

2.Contingent Liabilities:

In the opinion of the Board, there is no contingent liability as on the Balance Sheet date and events after the Balance Sheet date that affect the financial position of the Company.

3. As informed by the management, the Company is not liable for any under various statues against the company.

4. The Company is in the process to updating its Shareholders record as such the reconciliation. Interest received on Payment of Calls-in-arrears is accounted for on account is subject to management does not take any steps for Forfeiture of calls-in accounted for on actual receipt basis Hence.

5. No provision has been made in accounts towards interest, penal interest liquidated and other cost if any for the current period and for earlier period on the loans taken , liquidated damages and other cost, if any for the current period and for earlier, periods on the secured loans taken from from the Bank and Fixed Deposits taken from the public, since the management is in the process of negotiatinq compromise and settlement/restructuring with the respective lenders. The amount of such non-provision and its compromise and settlement/restrcturing with the loss for the period and current liabilities are presently unascertainable.

6. The Company has investment in certain companies and also certain shares stock Trade have been acquired at par/premium respectively though their present book values are lower their values or some of them are delisted from the Stock Exchanqe(s) or under liquidation, keepinq in viwe the par values or some of them are management is of the view that no provision for fall in their values is required to be made busmess potential, the nature requrred to be made as the same is of temporary nature.

7. The Company is making effort to liquidate its Sundry Deposits, Bills of Exchange, which is outstanding for a considerable period of time The company is taking adequate steps for quicker recovery or adjustment durinq the forthcominq period Hence provision is considered Hence, no provision is considered necessary by the management.

8. ln the Opinlon of the Board, all the current assets, loans and advances have a value on realization in the ordianrs course of business at least equal to the amount stated in the Balance Sheet and ail the known liabilities have been Provided for unless otherwise stated elsewhere in other notes.

9. The Company has not written back liabilities of Rs.698760/- in relation to other finance of earlier years, which are no longer required to be paid now, after the lapse of substantial time.

10. Debit and Credit Balances as appearing under Secured Loans , Unsecured Loans , Sundry Debtors , Loans & Advances , Security Deposits Bills of Exchanges Bank Balances, Current Liabilities etc are being subject to confirmation and reconciliation thereof and the same have been taken as per the balances appearing in the books. The consequent necessary adjustments, either of a revenue nature or otherwise if any, will be made as and when these accounts are reconciled and confirmed.

11. No provision for Gratuity, Leave Encasument and other retirement benefits is required as there is no employee is in the pay -roil of the Company.

12. The Company does not have any dues to Micro Small and Medium Enterprises

13. Previous years figures have been regrouped / rearranged wherever considered necessary.