Mefcom Capital Markets Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

m) Provisions and Contingencies

A provision is recognized when there is a present obligation
as a result of past event and it is probable that there will be an
outflow of resources in respect of which a reliable estimate can be
made. Contingent liabilities are disclosed when there is a possible
obligation arising from past events, the existence of which will be
confirmed only by the occurrence or non-occurrence of one or
more uncertain future events not wholly within the control of the
Company or a present obligation that arises from past events where
it is either not probable that an outflow of resources will be required
to settle or a reliable estimate of the amount cannot be made.
Information on contingent liability is disclosed in the Notes to the
Financial Statements. Contingent assets are not recognised.

c) Deferred tax

Management reviewed the deferred tax assets/liabilities on temporary differences between the tax base of assets and liabilities and their
carrying amounts for financial reporting purpose at reporting date and in view of virtual uncertainty of taxable profits, the deferred tax (net
assets) on temporary differences for the reporting financial year i.e. 01.04.2021 to 31.03.2022 has not been considered.

31 Leases

The Company has leased facilities under cancellable operating lease arrangements with a lease term ranging from one to five years, which are
subject to renewal at mutual consent thereafter. The cancellable arrangements can be terminated by either party after giving due notice. The lease
rent expenses recognised during the year amounts to ? 4.56 lakhs ( Previous year: ? 2.59 lakhs)

The Company has leased facilities under cancellable operating lease arrangements with a lease term ranging from one to five years, which are
subject to renewal at mutual consent thereafter. The cancellable arrangements can be terminated by either party after giving due notice. The lease
rent expenses recognised during the year amounts to ? 8,48,700 ( Previous year: ? 10,45,200)

32 Segment Information as required by Ind AS - 108 ''Operating Segments''

The Company is in the business of capital market activities which comprises of proprietary trading in securities and derivatives, merchant
banking, having similar economic characteristics which is regularly reviewed by the Chief Operating Decision Maker for assessment of Company''s
performance and resource allocation. Hence, the Company has only one reportable segment under Ind-AS 108 ''Operating Segments'' .

34 Financial risk management objectives
Financial risk factors

The Company''s activities expose it to a variety of financial risks: market risk( equity price risk), credit risk and liquidity risk. The Company''s
primary focus is to foresee the unpredictability of capital markets and seek to minimize potential adverse effects on its financial performance.
The risk management policies are established to ensure timely identification and evaluation of risks, setting acceptable risk thresholds, identifying
and mapping controls against these risks, monitor the risks and their limits, improve risk awareness and transparency.

I. Market risk

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. The
Company is exposed in the ordinary course of its business to risks related to equity price flactuations and interest rates.

(a) Equity price risk

Equity Price Risk is related to the change in market reference price of the investments in equity securities. The fair value of some of the
Company''s investments measured at fair value through other comprehensive income exposes the Company to equity price risks. These
investments are subject to changes in the market price of securities.

The following details the Company''s sensitivity to a 5% movement in the fair value of such equity instruments as at the end of the
reporting period(s): -

II. Credit risk

Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting in financial loss to the Company.
Credit risk encompasses of both, the direct risk of default and the risk of deterioration of creditworthiness as well as concentration
risks. Currently company is not exposed to credit risk as it has zero trade receivables.

III. Liquidity risk

Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The objective of liquidity risk management is to
maintain sufficient liquidity and ensure that funds are available for use as per requirements. The Company generates sufficient cash
flow for operations, which together with the available cash and cash equivalents and short term investments provide liquidity in the
short-term and long-term.

35 Financial instruments

A Capital management

"The Company manages its capital to ensure that the Company will be able to continue as a going concern while maximising the return
to stakeholders through efficient allocation of capital towards expansion of business, opitimisation of working capital requirements and
deployment of surplus funds into various investment options.

The Company''s capital requirement is mainly to fund its capacity expansion and repayment of principal and interest on its borrowings. The
principal source of funding of the Company has been, and is expected to continue to be, cash generated from its operations supplemented
by funding from borrowings from banks and other parties.

The Company monitors its capital using gearing ratio, which is net debt divided to total equity. Net debt includes, interest bearing loans and
borrowings less cash and cash equivalents, bank balances other than cash and cash equivalents while equity includes all capital and reserves
of the Company.

* FVTOCI - Fair Value Through Other Comprehensive Income
#FVPL- Fair Value through Profit and loss

The fair value of financial assets and liabilities are included at the amount at which the instrument could be exchanged in a current
transaction between willing parties in an orderly market transaction, other than in a forced or liquidation sale.

Fair value hierarchy

Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices)
or indirectly (i.e. derived from prices).

Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs)

*The variances (Adverse) in the (i) current ratio is due to larger increase in the short term borrowing in comparision to hte smaller increase in stock-
in-trade due to diminution in the valuation, decrease in trade receivales etc. (ii) Debt Equity ratio is due to large increase in borrowings & decrese in
equity due to absence of profit or loss suffered during the year and (iii) Debt Service coverage ratio is due to abesence of profit before finace cost
(interest) and depreciation.

**The variances (Adverse) in the (i) Net Capital Turnover ratio and Inventory Turnover ratio is due to decrease in revenue from operations (ii) Net
Profit ratio, Return on capital employed, Return on Investment is due to absence of profit or loss suffered during the year resulting in decrease in
share solders equity.

***The company is primarily engaged in the business of trading of securities which is high volatility segment, the Margin depends on fluctuation of
market prices of securities held by the company.

37 Valuatiion of Property, Plant & Equipment, intangible Asset

The company has not revalued its property, plant & machinery and Intangible Assets or both during the current or previous year

38 Loans or advances to specified persons

No loans or advances in the nature of loan are granted to prmoters, directors, KMPS, and the related parties (as defined under Companies Act, 2013)
either severally or jointly with other person, that are repayable on demand or without speciifyng any terms or period of repayments.

39 Details of Benami property held

No proceedings have been intiated on or pending against the company for holding benami property under the Benami Transactions (Prohibition)
Act, 1988(45 of 1988) and rules made thereunder.

40 Borrowing secured against current assets

Company has not obtained any borrowings against current assets during the year.

41 Wilful Defaulter

The company has not been declared wilful defaulter by any bank or financial institution or other lender.

42 Relationship with struck off companies

The company has no transactions with the companies struck off under section 248 of the companies Act, 2013 or section 560 of the companies act,
1956.

43 Registration of charges or satisfaction with registration of Companies(ROC)

There are no charges or satisfaction yet to be registered with Registrar of Companies (ROC) beyond the statutory Period.

44 Compliance with number of layers of companies

The companies has complied with number of layers prescribed under the section 2(87) of the Companies Act, 2013 read with companies (Restriction
on number of Layers) Rules, 2017

45 Compliance with approved scheme(s) of Amalgamation

The company has not entered into any schemes of arrangemnet which has an accounting impact on current or Previous financial year.

46 Utilisation of borrowed funds and Share premium

No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the
Company to or in any other person or entity, including foreign entities ("Intermediaries”) with the understanding, whether recorded in writing or
otherwise, that the Intermediary shall lend or invest in party identified by or on behalf of the Company (Ultimate Beneficiaries). The Company has
not received any fund from any party(Funding Party) with the understanding that the Company shall whether, directly or indirectly lend or invest in
other persons or entities identified by or on behalf of the Company ("Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf
of the Ultimate Beneficiaries

47 Undisclosed income

There is no income surrendered or disclosed as income during the cureent or previous year in the tax assessments under the income Tax
Act,1961,that has not been recorded previously in the books of Account.

48 Details of crypto currency or virtual currency

The company has not traded or invested in crypto curency or virtual currency during the current or previous year.

49 Utilisation of Borrowings availed from banks and financial institutions

The borrowings obtained by the company from the banks and financial institutions have been applied for the purposes for which such loans were
taken.

50 Previous year figures have been regrouped/rearranged, wherever considered necessary to conform to current year''s classification.

See accompanying notes to the financial statements 1 to 50

As per our report of even date

For Satya Prakash Garg & Co. For and on behalf of the Board of Directors

Chartered Accountants Mefcom Capital Markets Limited

Firm''s registration No. 017544N

Satya Prakash Garg Vijay Mehta Priyanka Mehta

Partner Managing Director Director

M. No.083816 DIN : 00057151 DIN : 00058291

Place : New Delhi Debashis K Mohanty Rachita Aggarwal

Dated : May 23, 2025 Chief Financial Officer Company Secretary

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Mar 31, 2015

1. CONTINGENT LIABILITIES

a) Corporate Guarantee issued to the banker of Mefcom Securities Ltd. (subsidiary company) for securing guarantee issued by their banker ' 1,00,00,000/- (Previous Year Rs. 1,00,00,000/-).

b) Capital Commitments: Estimated amount of contracts to be executed on capital account but not provided for - Rs.2,70,00,000/-(Previous Year-Rs.2,70,00,000/-)

2. PROVISION FOR TAXATION

a) . Provision for Income-tax has been made in accordance with the provisions of the Income-tax Act, 1961.

b) . The Company has carry forward losses under tax laws. In absence of virtual certainty of sufficient future taxable income, net deferred tax asset has not been recognized in accordance with the Accounting Standard - 22 on "Accounting for Taxes on Income'.

3. The Company has identified that there is no material impairment of assets and as such no provision is required in terms of Accounting Standard-28 on "Impairment of Assets".

4. No amount was due to the suppliers registered under The Micro, Small and Medium Enterprises Development Act, 2006 as on 31st March, 2015.

5. SEGMENT REPORTING

The company has considered business segment as the primary segment. Segments have been identified taking into account the nature of the activities, the differing risks and returns, the organisation structure and internal reporting system. There are no reportable geographical segments.

Segment Revenue, Segment Results, Segment Assets and Segment Liabilities include the respective amount identifiable to each segment and also amount allocated on a reasonable basis. Assets, Liabilities, Incomes and Expenses that can not be allocated between the segments are shown as part of Unallocable Assets, Liabilities, Incomes and Expenses respectively.

6. RELATED PARTY DISCLOSURE

Related Party Disclosure in accordance with the Accounting Standards (AS-18) on "Related Party Disclosures" are as under:

i) Related Parties : List of related parties where control exists and related parties with whom transactions have been taken place and relationships:

Kev Management Personnel: Subsidiary:

Mr. Vijay Mehta - Chairman Mefcom Securities Ltd.

Enterprise over which key management personnel can exercise significant influence:

IKMA Infoway Private Ltd.

Note: Related party relationship is as identified by the Company and relied upon by the Auditors.

7. EMPLOYEES BENEFITS

a) Denned Contribution Plan

There was no employee in the company who was eligible for contribution to Providend Fund or any other Fund.

b) Defined Benefit Plan

Gratuity is being provided on cash basis. During the year no gratuity was paid.

c) The company does not have practice of carry forward and encashment of unavailed leaves. Therefore, no disclosures are required in this regard.

8. Pursuant to the enactment of Companies Act 2013, the company has applied the estimated useful lives as specified in Schedule II, except in respect of certain assets as disclosed in Accounting policy on Depreciation and Amortization. Accordingly the unamortized carrying value is being depreciated/ amortized over the revised/ remaining useful lives. The written down value of Fixed Assets whose lives have expired as at 1 st April 2014 have been adjusted on the opening value of General Reserve Account amounting to Rs.3,04,800.67.

Due to change in useful life of the assets as per Schedule II to the Companies Act, 2013, there is a higher charge of depreciation of Rs.1,13,104.35 and a corresponding impact on the written down value of the assets.

9. In the opinion of the management, Current/Non Current Assets, Loans and Advances shall have a value on realisation in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet and provision for all known liabilities have been made and contingent liabilities disclosed properly.

10. Previous years' figures have been regrouped / rearranged wherever considered necessary to conform to current years' classification.

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Mar 31, 2014

1 SHARE CAPITAL

1(a) The Company has only one class of equity shares having a par value of 10/-per share. Each shareholder is eligible for one vote per share. The dividend , if any, proposed by the Board of Directors is subject to the approval of shareholders except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company, after distribution of all preferential amounts, in proportion of their shareholding.

2. CONTINGENT LIABILITIES

a) Disputed demand under income Tax Act, 1961 : NIL (Previous Year: Rs.23,73.140/)

b) Corporate Guarantee issued to the banker of Mefcom Securities Ltd. (subsidiary company) for securing guarantee issued by their banker Rs. 1,00.00,000/- (Previous Year Rs. 1,00,00,000/-).

c) Capital Commitments: Estimated amount of contracts to be executed on capital account but not provided for Rs.2,70,00,0000/-(PreviousYear-NIL).

3. PROVISION FOR TAXATION

a). Provision for Income-tax has been made in accordance with the provisions of the Income-tax Act, 1961.

b). The Company has carry forward losses under tax laws. In absence of virtual certainty of sufficient future taxable income, net deferred tax asset has not been recognized in accordance with the Accounting Standard-22 on ''Accounting for Taxes on Income''.

4. The Company has identified that there is no material impairment of assets and as such no provision is required in terms of Accounting Standard-28 on "Impairment of Assets".

5. No amount was due to the suppliers registered under The Micro, Small and Medium Enterprises Development Act, 2006 as on 3L'' March, 2014.

6. a) Directors have waived off their right to claim sitting fees in respect of the meetings attended by them during the year.

b) Remuneration has been paid to the Chairman as a minimum remuneration in accordance with the limit prescribed in Schcdulc- XIII of the Companies Act, 1956 and resolution passed by the members in the General Meeting as per details given hereunder :-

Salary &Allowanccs:Rs.9,25.806/-(Previous year: Rs. 15,00,000/-)

7. SEGMENT REPORTING

The company has considered business segment as the primary segment. Segments have been identified taking into account the nature of the activities, the differing risks and returns, the organisation structure and internal reporting system. There are no reportable geographical segments.

Segment Revenue, Segment Results, Segment Assets and Segment Liabilities include the respective amount identifiable to each segment and also amount allocated on a reasonable basis. Assets, Liabilities, Incomes and Expenses that can not be allocated between the segments are shown as part of Unallocable Assets, Liabilities. Incomes and Expenses respectively.

8. EMPLOYEES BENEFITS

a) Defined Contribution Plan

There was no employee in the company who was eligible for contribution to Providend Fund or any other Fund.

b) Defined Benefit Plan

Gratuity is being provided on cash basis. During the year no gratuity was paid. Method of valuation of accrued liability for retirement benefits has been changed from ''accrual basis'' in the previous year to ''cash basis" in the current year. The impact of such change in the method of valuation of liability for retirement benefits is not ascertainable.

c) The company docs not have practice of carry forward and encashment of unavailed leaves. Therefore, no disclosures are required in this regard.

9. Balances of some of the parties are subject to confirmation.

35. In the opinion of the management, Current/Non Current Assets, Loans and Advances shall have a value on realisation in the ordinary course of business at least equal to the amount at which they arc stated in the Balance Sheet and provision for all known liabilities have been made and contingent liabilities disclosed properly.

10. Previous years'' figures have been regrouped / rearranged wherever considered necessary to conform to current years'' classification.

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Mar 31, 2013

1 CONTINGENT LIABILITIES

a) Unpaid calls on Investments: Rs. 1,25,02,500/- (Previous Year: Rs. 1,25,02,500/-).

b) Disputed demand under Income Tax Act, 1961 : Rs.23,73,140/- (Previous Year: Rs. Nil)

c) Corporate Guarantee issued to the banker of Mefcom Securities Ltd. (subsidiary company) for securing guarantee issued by their banker Rs. 1,00,00,000/- (Previous Year Rs. 1,00,00,000/-).

2 PROVISION FOR TAXATION

a) Provision for Income-tax has been made in accordance with the provisions of the Income-tax Act, 1961.

b) The Company has carry forward losses under tax laws. In absence of virtual certainty of sufficient future taxable income, net deferred tax asset has not been recognized in accordance with the Accounting Standard - 22 on Accounting for Taxes on Income'' issued by the Institute of Chartered Accountants of India.

3 The Company has identified that there is no material impairment of assets and as such no provision is required in terms of Accounting Standard-28 issued by the Institute of Chartered Accountants of India.

4 ''Special Reserve'' was created in earlier years as prescribed by Reserve Bank of India.

5 No amount was due to the suppliers registered under The Micro, Small and Medium Enterprises Development Act, 2006 as on 31st March, 2013.

6 a) Directors have waived-off their right to Sitting Fee.

b) Remuneration has been paid to the Chairman as a minimum remuneration in accordance with the limits prescribed in Schedule-XIII of the Companies Act, 1956 and resolution passed by the members in the General Meeting as per details given hereunder :-

Salary & Allowances: Rs. 15,00,000/- (Previous Yean Rs. 30,00,000/-)

7 SEGMENT REPORTING

The company has considered business segment as the primary segment. Segments have been identified taking into account the nature of the activities, the differing risks and returns, the organisation structure and internal reporting system. There are no reportable geographical segments.

Segment Revenue, Segment Results, Segment Assets and Segment Liabilities includes the respective amount identifiable to each segment and also amount allocated on a reasonable basis. Assets, Liabilities, Incomes and Expenses that can not be allocated between the segments are shown as part of Unallocable Assets, Liabilities, Incomes and Expenses respectively.

8 EMPLOYEES BENEFITS

a) Defined Contribution Plan

There was no employee in the company who was eligible for contribution to Providend Fund or any other Fund.

b) Defined Benefit Plan

The Company has following defined benefit plans which are unfunded a) Gratuity

In accordance with Accounting Standard 15, an actuarial valuation was carried out in respect of the aforesaid defined benefit plan based on the following principal actuarial assumptions:-

9. Balances of some of the parties are subject to confirmations.

10. Figures in brackets pertain to previous year.

11. Previous year figure have been regrouped / reclassified to make them comparable with those of current year.

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Mar 31, 2012

1(a) The Company has ontypne class of equity shares having aparvalue of no/-per share. Each shareholder iseligible forone vote per share. The dividend , if any, proposed by the Board of Directors Is subject to the approval of shareholders except in case of interim dividend. In the event of liqui dation, the equity shareholders are eligible to receive the remaining assets of the Company, after distribution of ail preferential amounts, in proportion of their shareholding.

2 CONTINGENT LIABILITIES

a) Unpaid calls on Investments: Rs. 1,25,02,500/- (Previous Year: Rs. 1,25,02,500/-).

b) Corporate Guarantee Issued to the banker of Mefcom Securities Ltd. (subsidiary company) for securing guarantee issued by their banker Rs. 1,00,00,000/- (Previous Year Rs.1,00,00,000/-).

3 PROVISION FOR TAXATION

a) Provision for Income-tax has been made In accordance with the provisions of the Income-tax Act, 1961.

b) The Company has carry forward losses under tax laws, In absence of virtual certainty of sufficient future taxable income, net deferred tax asset has not been recognized In accordance with the Accounting Standard - 22 on Accounting for Taxes on Income'' issued by the Institute of Chartered Accountants of India.

4 The Company has identified that there is no material impairment of assets and as such no provision is required in terms of Accounting Standard-2B issued by the Institute of Chartered Accountants of India.

5 ''Special Reserve'' represent, the reserve created as per the provisions of Section 45-IC of the Reserve Bank of India (Amendment) Act, 1998.

6 No amount was due to the suppliers registered under The Micro, Small and Medium Enterprises Development Act, 2008 as on 31st March, 2012.

7 a) Directors have walved-off their right to Sitting Fee

b) Remuneration has been paid to the Chairman as a minimum remuneration in accordance with the limits prescribed in Schedule-XNI of the Companies Act, 1956 and resolution passed by the members in the General Meeting as per details given hereunder :-

Salary & Allowances: Rs. 10,00,000/-Previous Yean Rs. 30,00,000/-)

8 SEGMENT REPORTING

The company has considered business segment as the primary segment. Segments have been identified taking Into account the nature of the activities, the differing risks and returns, the organisation structure and Internal reporting system. There are no reportable geographical segments.

Segment Revenue, Segment Results, Segment Assets and Segment Liabilities includes the respective amount identifiable to each segment and also amount allocated on a reasonable basis. Assets, Liabilities, Incomes and Expenses that can not be allocated between the segments are shown as part of Unallocable Assets, Liabilities, Incomes and Expenses respectively

9 EMPLOYEES BENEFITS

a)

There was no employee in the company who was eligible for contribution to Providend Fund or any other Fund. b Defined Benefit Plan

As per consistent practice, gratuity is provided on cash basis. During the year no gratuity was paid.

The company does not have practice of carry forward and encashment of unavailed leaves. Therefore, no disclosures are required in this regard.

10 Out of application money aggregating to Rs. 56,25,000/- received during the year 2010-11 against issue of 18,00,000 Convertible Share Warrants, Rs. 25,00,000/- have been forfeited during the year 2011-12 for non payment of allotment money on 8,00,000 Warrants and the same has been transferred to Capital Reserve. Balance 10,00,000 Warrants were converted into 10,00,000 fully paid up shares at a premium of Rs. 2.50 each during the year 2011-12 upon receipt of allotment money.

11 Balances of some of the parties are subject to confirmations.

12 Particulars as required in terms of paragraph 9BB of Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998 are given in Annexure-1 appended hereto.

13 Figures in brackets pertain to previous year.

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Mar 31, 2011

1. Contingent Liabilities

a) Unpaid calls on Investments : Rs. 1,25,02,500/- (Previous Year : Rs. 4,32,52,500/-).

b) Disputed demand under Income Tax Act, 1961 : Nil (Previous Year : Rs. 2,18,848/-).

c) Corporate Guarantee issued to the banker of Mefcom Securities Ltd. (subsidiary company) for securing guarantee issued by their banker Rs.1,00,00,000/- (Previous Year : Rs. 1,00,00,000/-).

2. Terms and Conditions of Convertible Warrants

The Company has allotted 18,00,000 Convertible Warrants at the meeting of Board of Directors held on 12th July, 2010 complying with the conditions of section 81(A) of the Companies Act, 1956 and SEBI (ICDR) Regulations, 2009 at a price of Rs.12.50 per warrant. Amount payable @ 25% of the issue price at the time of allotment has been received. These warrants are convertible into equity shares of Rs. 10/- each upto the expiry of 18 month from the date of allotment.

3. In the opinion of the Board of Directors, Current Assets, Loans and Advances shall have a value on realization in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet and provision for all known liabilities have been made and contingent liabilities have been disclosed properly.

4. Provision for taxation

a) Provision for Income-tax has been made in accordance with the provisions of the Income-tax Act, 1961.

b) The Company has carry forward losses under tax laws. In absence of virtual certainty of sufficient future taxable income, net deferred tax asset has not been recognized in accordance with the Accounting Standard – 22 on `Accounting for Taxes on Income' issued by the Institute of Chartered Accountants of India.

5. The Company has identified that there is no material impairment of assets and as such no provision is required in terms of Accounting Standard-28 issued by the Institute of Chartered Accountants of India.

6. 'Special Reserve' represent, the reserve created as per the provisions of Section 45-IC of the Reserve Bank of India (Amendment) Act, 1998.

7. No amount was due to the suppliers registered under The Micro, Small and Medium Enterprises Development Act, 2006 as on 31st March, 2011.

8. a) Directors have waived-off their right to Sitting Fee w.e.f. 28th June, 2010.

b) Remuneration has been paid to the Chairman as a minimum remuneration in accordance with the limits prescribed in Schedule-XIII of the Companies Act, 1956 and resolution passed by the members in the General Meeting as per details given hereunder :- Salary & Allowances :- Rs 30,00,000/- (Previous Year: Rs.30,00,000/-)

9. Segment Reporting

The company has considered business segment as the primary segment. Segments have been identified taking into account the nature of the activities, the differing risks and returns, the organisation structure and internal reporting system. There are no reportable geographical segment.

Segment Revenue, Segment Results, Segment Assets and Segment Liabilities includes the respective amount identifiable to each segment and also amount allocated on a reasonable basis. Assets, Liabilities, Incomes and Expenses that can not be allocated between the segments are shown as part of Unallocable Assets, Liabilities, Incomes and Expenses respectively.

Segment wise information is as under:-

10. Related Party Disclosure

Related Party Disclosure in accordance with the Accounting Standards (AS-18) on `Related Party Disclosures' issued by the Institute of Chartered Accountant of India are as under:

iii. There is no provision for bad and doubtful debt or amounts written off or written back during the year in respect of dues from or to related parties.

2. Calculation of Diluted Earning Per Share :

There are 18,00,000 dilutive potential equity shares outstanding as on 31st March, 2011 in respect of convertible warrants. In view of this being anti-dilutive, considering the Net Loss incurred during the year, the same is ignored for calculation of diluted earning per share in terms of Accounting Standard - 20.

11. Employees Benefits :

a) Defined Contribution Plan

There was no employee in the company who was eligible for contribution to Provident Fund or any other Fund.

b) Defined Benefit Plan

- As per consistent practice, gratuity is provided on cash basis. During the year no gratuity was paid.

- The company do not have practice of carry forward and encashment of unavailed leaves. Therefore, no disclosures are required in this regard.

12. Additional information pursuant to the provision of paragraph 3 of Part - II of Schedule - VI to the Companies Act, 1956 to the extent applicable:

(a) Expenses in Foreign Currency

- Traveling Expenses: Rs. 1,16,338.90 (Previous Year : Rs. Nil)

13. In view of non settlement of rate of interest and hence non-certainty of its realization, interest receivable on Intercorporate deposit of Rs. 30,00,000/- (Previous Year : NIL ) has not been accounted for on prudent basis.

14. Balances of some of the parties are subject to confirmations.

15. Particulars as required in terms of paragraph 9BB of Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998 are given in Schedule M - 1 appended hereto.

16. Previous year figures have been regrouped/ rearranged wherever considered necessary.

17. Figures in brackets pertain to previous year.