Sujala Trading & Holdings Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

vi. Provisions, Contingent Liabilities and Contingent Assets

Provisions involving substantial degree of estimation in measurement are recognized when there is a legal or constructive
obligation as a result of past events and it is probable that there will be an outflow o f resources and a reliable estimate can be
made of the amount of obligation. Provisions are not recognised for future operating losses. The amount recognized as a
provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period,
taking into account the risks and uncertainties surrounding the obligation.

The Reserve Bank of India its Circular dated June 6, 2022, has issued guidelines on differential provisioning for NBFC-UL
which shall be effective from October 01, 2022 (''Circular'') to all NBFCs to make provision of 0.40% on Standard Assets.
Accordingly, the Company has made provision @ 0.40% on Standard Assets in accordance therewith

Contingent liabilities are not recognized and are disclosed by way of notes to the financial statements 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 when there is a present
obligation that arises from past events where it is either not probable that an outflow of resources will be required to settle
the same or a reliable estimate of the amount in this respect cannot be made.

Contingent assets are not recognised but disclosed in the Financial Statements by way of notes to accounts when an inflow
of economic benefits is probable.

vii. Taxes on Income:

Tax expenses comprises of current and deferred tax. Current income tax is measured at the amount expected to be paid to
the tax authorities in accordance with the Indian Income Tax Act, 1961. This liability is calculated at the applicable tax rate
or minimum alternate tax rate u/s 115JB of the Income Tax Act, 1961 as the case may be for current taxes on Income.
Deferred income tax reflects the impact of timing differences between taxable income and accounting income for the year
and reversal of timing differences of earlier years. Deferred tax is measured based on the tax laws enacted or substantively
enacted at the balance sheet date.

Deferred Tax resulting from “timing difference” between book and taxable profit is accounted for using the tax rates and
laws that have been enacted or substantially enacted as on the Balance Sheet date. Deferred tax assets are recognized only to
the extent that there is a reasonable certainty that sufficient future taxable income will be available against which such
deferred tax assets can be realized. Deferred tax assets are recognized on carry forward of unabsorbed depreciation and tax
losses only if there is virtual certainty that such deferred tax assets can be realized against future taxable profit.

MAT credit is recognized as an asset only when and to the extent there is convincing evidence that the company will pay
normal income tax during the specified period. In the year in which the Minimum Alternative Tax (MAT) credit becomes
eligible to be recognized as an asset in accordance with the recommendations contained in guidance note issued by the
Institute of Chartered Accountants of India, the said asset is created by way of a credit to the profit and loss account and
shown as MAT Credit Entitlement. The Company reviews the same at each balance sheet date and writes down the carrying
amount of MAT Credit Entitlement to the extent there is no longer convincing evidence to the effect that Company will pay
normal income tax during the specified period.

viii. Earnings per share:

^ Earnings per share are calculated by dividing the net profit or loss for the year attributable to equity shareholders,
by the weighted average number of equity shares outstanding during the year.

^ For the purpose of calculating diluted earnings per share, the net profit or loss for the year attributable to equity
shareholders and weighted average number of shares outstanding during the year is adjusted for the effects of all
dilutive potential equity shares.

Note No: 25

OTHER NOTES ON ACCOUNTS:

i. Based on the information / documents available with the Company, no creditor is covered under Micro, Small
and Medium Enterprise Development Act, 2006. As a result, no interest provision/payments have been made
by the Company to such creditors for the year ended March 31, 2025.

ii. Loans & advances balances are subject to confirmation by the respective parties.

iii. Segment Reporting:

The Company is engaged in one business segment viz Non-Banking Financial Services and hence, there are
no separate reportable segments. However, going forward the Board is contemplating to evaluate respective
differential Risks & Rewards applicable to the revenue generating functions of Investment in mutual funds
vis-a-vis interest income from unsecured loans and recognise the segment information on the same. The
incomes and assets engaged in these two sub-activities are mentioned with appropriate description &
nomenclature in the schedules to financial statements.

v. The Company has Complied this information based on the current information in its possession. As
at 31.03.2025, no supplier has intimated the Company about its status as a Micro or Small enterprise
or its Registration with the appropriate authority under Micro, Small and Medium Enterprise
Development Act, 2006.

Amount due to Micro Small and Medium Enterprises as on 31.03.2025 is. NIL. (based on disclosure made
by the vendors, or absence of the same).

vi. The Financial Statements and Notes on Accounts has been prepared as per the Companies Act, 2013
with their Schedule as the same is effective from 1st April, 2014.

vii. Effective from April 1, 2014, the Company has been charging depreciation based on the useful life of
the assets as per the requirement of Schedule II of the Companies Act, 2013. It has recomputed the
depreciation on various fixed assets in accordance with and in the manner prescribed with Part C of
Schedule II of the Companies Act, 2013.

viii. Provision for taxation on Income for the year has been made under the tax calculated on income
under normal computation as per income tax act being higher than the tax computed under section
115JB of the income tax act.

ix. The management has assessed that there is no impairment of Fixed assets requiring provisions in the
accounts. Accordingly, there is no debit to the Profit & Loss Account for the impairment of Assets.

x. Deferred Taxation:

The company recognises the deferred tax liabilities/assets on the timing differences for the period in
which there is virtual certainty of future income by way of prudence in accordance with Ind AS-12 ”
Income Taxes "

Deferred tax is recognized on temporary differences between the carrying amounts of assets and
liabilities in the Financial Statements and the corresponding tax bases used in the computation of
taxable profit. Deferred tax liabilities are generally recognized for all taxable temporary differences.

xi. No Provision has been made on account of gratuity as none of the employees have put in completed
years of Service as required by the payment of Gratuity Act.

xii. No provision has been made on account of leave salary as there are no leave to the credit of
employees as at the end of the year.

xiii. Previous Year figures have been regrouped, rearranged or re-casted wherever considered necessary.

xiv. Information required to be furnished under paragraph 9BB of Non-Banking Financial Companies
Prudential Norms (Reserve Bank) Directions, 1998 is given in separate Annexure.

xv. The bad debts associated with Loans & Advances is reported on the as Bad Debts Expense
supported by Board Resolution passed by the Board of Directors in its meeting.

xvi. Additional regulatory information pursuant to Ministry of Company Affairs Notification dated March
24, 2021:

a. Compliance with approved Scheme(s) of Arrangements - There are no Scheme of Arrangements
approved by the Competent Authority in terms of section 230 to 237 of the Act.

b. Utilisation of borrowed funds and share premium- Utilisation of borrowed funds and share premium

c. 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(s) or entity(ies), 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(s) (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.

d. Undisclosed income - There are no transactions not recorded in the books of accounts that has been
surrendered or disclosed as income during the year in the tax assessments under the Income-tax Act,
1961.

e. Corporate Social Responsibility (CSR) — Not applicable to the Entity

f. Details of Crypto Currency or Virtual Currency - The Company has not traded or invested in Crypto
Currency or Virtual Currency during the financial year.

As per our report of even date

For G.C. Bafna & Co. For and in behalf of the Board of Directors

Chartered Accountants
FRN: 319104E

Subhadeep Mukherjee Manish Agarwal

GULAB CHAND BAFNA Managing Director Director

Partner DIN: 03060827 DIN: 10798039

Membership No-054241

Kolkata Ashok Kumar Agarwal Priyankar Basu Mallick

May 30, 2025 Chief Financial Officer Director

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Mar 31, 2024

vi. Provisions, Contingent Liabilities and Contingent Assets

Provisions involving substantial degree of estimation in measurement are recognized when there is a legal or constructive obligation as a result of past events and it is probable that there will be an outflow of resources and a reliable estimate can be made of the amount of obligation. Provisions are not recognised for future operating losses. The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

The Reserve Bank of India its Circular dated June 6, 2022, has issued guidelines on differential provisioning for NBFC-UL which shall be effective from October 01, 2022 (''Circular¹) to all NBFCs to make provision of 0.40% on Standard Assets. Accordingly, the Company has made provision @ 0.40% on Standard Assets in accordance therewith

Contingent liabilities are not recognized and are disclosed by way of notes to the financial statements when there is a possible obligation arising from past events, the existence of which will be confirmed only by the occurrence or nonoccurrence of one or more uncertain future events not wholly within the control of the Company or when there is a present obligation that arises from past events where it is either not probable that an outflow of resources will be required to settle the same or a reliable estimate of the amount in this respect cannot be made.

Contingent assets are not recognised but disclosed in the Financial Statements by way of notes to accounts when an inflow of economic benefits is probable.

vii. Taxes on Income:

Tax expenses comprises of current and deferred tax. Current income tax is measured at the amount expected to be paid to the tax authorities in accordance with the Indian Income Tax Act, 1961. This liability is calculated at the applicable tax rate or minimum alternate tax rate u/s 115JB of the Income Tax Act, 1961 as the case may be for current taxes on Income. Deferred income tax reflects the impact of timing differences between taxable income and accounting income for the year and reversal of timing differences of earlier years. Deferred tax is measured based on the tax laws enacted or substantively enacted at the balance sheet date.

Deferred Tax resulting from “timing difference” between book and taxable profit is accounted for using the tax rates and laws that have been enacted or substantially enacted as on the Balance Sheet date. Deferred tax assets are recognized only to the extent that there is a reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be realized. Deferred tax assets are recognized on carry forward of unabsorbed depreciation and tax losses only if there is virtual certainty that such deferred tax assets can be realized against future taxable profit.

MAT credit is recognized as an asset only when and to the extent there is convincing evidence that the company will pay normal income tax during the specified period. In the year in which the Minimum Alternative Tax (MAT) credit becomes eligible to be recognized as an asset in accordance with the recommendations contained in guidance note issued by the Institute of Chartered Accountants of India, the said asset is created by way of a credit to the profit and loss account and shown as MAT Credit Entitlement. The Company reviews the same at each balance sheet date and writes down the carrying amount of MAT Credit Entitlement to the extent there is no longer convincing evidence to the effect that Company will pay normal income tax during the specified period.

viii. Earnings per share:

^ Earnings per share are calculated by dividing the net profit or loss for the year attributable to equity shareholders, by the weighted average number of equity shares outstanding during the year.

^ For the purpose of calculating diluted earnings per share, the net profit or loss for the year attributable to equity shareholders and weighted average number of shares outstanding during the year is adjusted for the effects of all dilutive potential equity shares.

OTHER NOTES ON ACCOUNTS:

i. Based on the information / documents available with the Company, no creditor is covered under Micro, Small and Medium Enterprise Development Act, 2006. As a result, no interest provision/payments have been made by the Company to such creditors for the year ended March 31, 2024.

ii. Loans & advances balances are subject to confirmation by the respective parties.

iii. Segment Reporting:

The Company is engaged in one business segment viz Non-Banking Financial Services and hence, there are no separate reportable segments. However, going forward the Board is contemplating to evaluate respective differential Risks & Rewards applicable to the revenue generating functions of Investment in mutual funds vis-a-vis interest income from unsecured loans and recognise the segment information on the same. The incomes and assets engaged in these two sub-activities are mentioned with appropriate description & nomenclature in the schedules to financial statements.

iv. Related party disclosure as identified by the management in accordance with the Indian Accounting Standard (Ind AS) 24 on "Related Party Disclosures” are as follows:

v. The Company has Complied this information based on the current information in its possession. As at 31.03.2024, no supplier has intimated the Company about its status as a Micro or Small enterprise or its Registration with the appropriate authority under Micro, Small and Medium Enterprise Development Act, 2006.

Amount due to Micro Small and Medium Enterprises as on 31.03.2024 is. NIL. (based on disclosure made by the vendors, or absence of the same).

vi. The Financial Statements and Notes on Accounts has been prepared as per the Companies Act, 2013 with their Schedule as the same is effective from 1st April, 2014.

vii. Effective from April 1, 2014, the Company has been charging depreciation based on the useful life of the assets as per the requirement of Schedule II of the Companies Act, 2013. It has recomputed the depreciation on various fixed assets in accordance with and in the manner prescribed with Part C of Schedule II of the Companies Act, 2013.

viii. Provision for taxation on Income for the year has been made under the tax calculated on income under normal computation as per income tax act being higher than the tax computed under section 115JB of the income tax act.

ix. The management has assessed that there is no impairment of Fixed assets requiring provisions in the accounts. Accordingly, there is no debit to the Profit & Loss Account for the impairment of Assets.

x. Deferred Taxation:

The company recognises the deferred tax liabilities/assets on the timing differences for the period in which there is virtual certainty of future income by way of prudence in accordance with Ind AS-12 " Income T axes "

Deferred tax is recognized on temporary differences between the carrying amounts of assets and liabilities in the Financial Statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognized for all taxable temporary differences.

xi. No Provision has been made on account of gratuity as none of the employees have put in completed years of Service as required by the payment of Gratuity Act.

xii. No provision has been made on account of leave salary as there are no leave to the credit of employees as at the end of the year.

xiii. Previous Year figures have been regrouped, rearranged or re-casted wherever considered necessary.

xiv. Information required to be furnished under paragraph 9BB of Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998 is given in separate Annexure.

xv. The bad debts associated with Loans & Advances is reported on the as Bad Debts Expense supported by Board Resolution passed by the Board of Directors in its meeting.

xvi. Additional regulatory information pursuant to Ministry of Company Affairs Notification dated March 24, 2021:

a. Compliance with approved Scheme(s) of Arrangements - There are no Scheme of Arrangements approved by the Competent Authority in terms of section 230 to 237 of the Act.

b. Utilisation of borrowed funds and share premium- Utilisation of borrowed funds and share premium

c. 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(s) or entity(ies), 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(s) (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.

d. Undisclosed income - There are no transactions not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income-tax Act, 1961.

e. Corporate Social Responsibility (CSR) — Not applicable to the Entity

f. Details of Crypto Currency or Virtual Currency - The Company has not traded or invested in Crypto Currency or Virtual Currency during the financial year.

For G.C. Bafna & Co. For and in behalf of the Board of Directors

Chartered Accountants FRN: 319104E

Subhadeep Mukherjee Gourav Goel

GULAB CHAND BAFNA Managing Director Director

Partner DIN: 03060827 DIN: 06850998

Membership No-054241

Kolkata Ashok Kumar Agarwal Prerna Mall

May 30, 2024 Chief Financial Officer Company Secretary

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Mar 31, 2015

1. TERMS/ RIGHTS ATTACHED TO EQUITY SHARES

Thu Com-jdnv nas only one Hass ef equity sharr- having nar value of fts lu / oer share . Each he her u' Eq:j Ly share is enlitled to one vote per share

In the event of I ciuidation of the ompany , Lie holds- of eguty shares will he entitled to recuve remaining assets, of the Company niter distribution of all pneferentia amourts , The Distribution wiJl he in proportion to [he number ct equity share held by the shareholders

Based or the information j documents available with the Company, no credito is covered under Mier< Small and Med um Enterprise Deve opment Act, 200£j. As a result, no interest pnovisicrs/payments hav been made by the Company to SJCh creditors for the year ended 31st March 2015.

2 Loans & advances hstances are subject to confirmation by the respective parties -

3 Segment Report :

The Company is engaged in the business of Non-Banking Financial Services aid there are nn senaral reoortabie seaments as per Acoountinq standard 12

4 Related Party Disclosure

As per accounting stamdard Iti the information for related parties is given below:

Name of the related parties

ASSOCIATES - None

WHOLLY OWNED SU BBIDIAHIESr-

1- FOREMOST BARTER LIMITED

2. FOREMOST DEA-COMM LTD

3. HULBERT TRADING LTD

4. HULBERT VINIMAY LTD

5. JAG MATA MERCANTILE LTD

6. J ASM ATA VINTPADE LTD

7. KQTTfiATAN commercial ltd s, kotiratan marketing ltd

9.MANGA. DHAM AGENTS LTD

10. KANGALDHAM suppliers

11. MANGAL5UCHA BARTER LTD

12 MANGALSUDMA COMMERCIAL LTD

13. NIRMALKUNJ AGENCY LTD

14. NiKMAL AGENCY TRADECOMM I.TO

15. N1TYADHARA BARTER LTD

16. NITYADHARA I RADERS LTD

17. OVER GROW BARTER LTD

18. OVER GROW TIE-UP LTD

19. SARVLOK COMMERCIAL LTD 2b. SARVLOK DEALCOM LTD

21. SPEED FAST MAKKL11NG LID

22. SPEED FAST VIPtCOM LTD

23. VISHAWDHAM TR A DELINK LTD

24. VISHAWDHAM MERCHANTS LTD

5. The Com pan v has Compiled this informal on based on the current information In its possession. As at 31.03.2015, Mo supplier has intimated the Company about its status as a Micro or Sma' enterprise Or its ReqLstrat on with the appropriate authority under Micro, Smali one Medium Enterprise Development Amount due to Micro 5mnil and Medium Entcrlscs as or 3l.03.2QlS fts. Nit ( PY hs. h [L )

6. The Financial Statements and Notes on Accounts hes been prepared as per the Companies Act, 2013 with their schedu le as the same is effective from 1st April, 2Q14.

7. Effective from 1st April, 2014, the Company has charged depreciation based on the useful life of the assets as per the requirement Of Schedule II of the Companies Act, 2013. It has recomputed the depreciation on various fixed assets In accordance w-ih and in the manner prescribed with Fart C of Schedule II of the Companies Act, 2tllv. he aggregate difference between the depreciation so computed as.per the companies Act, 2013 till list March, 2014 and the depreciation charged In the acccunts till 31st March, 2014 has been debited in the opening balance nf profit 6 Loss Account.

8. Prov sion for taxation on Income far the year has seen made under the tax calculated on i returns under normal computation as per income tax act being higher than the tax computed under section I ;5JB of the i neeme tax act.

9 The management has assessed that there fs tid Impairment of Fixed assets requiring provisions in the accounts. Accordingly, there is no debit to the Prof't & Loss Account for the Impairment of assets.

10. Deterred Taxation

The company will recog on I se the deterred tax Uabi1|Bes/ossetS on the timing differences for toe period :n which there is virtual certainty of future income by way of prudence In accordance with AS-22 " Accounting For Taxes On Income * issued by the Institute of Chaffered Accountants of Jndia.

11 No Provision has been made on account of gratuity as none of the employees have put In completed years of Service as required by the payment of Gratuity Act.

12 No provision has been made on account of save salary as there are no leave to the credit cf employees as at the end of the year

13 Previous Year figures have been regrouped, rearranged Or recasted whenever considered necessary,

14 Informations regie-ed to be furnished under paragraph. 963 of Non-Banking F iiantial Companies Prudential Norms (Reserve Gan 10 Directions, 1996 is given in separate Annexure.

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Mar 31, 2014

1. TERMS/ RIGHTS ATTACHED to EQUTTY SHARES

The company has onl y one class of equity share navirig par value or Rs To 7 per snare . Eaui holder of tequity shareentitled to one vote oer share

In the event of liquidation of the ompany , the holder of equity shares Will be tiiiliLled .u recice remaining assets of the Company after distribution or all preferential amounts , The DlsmblTOOn will in prounoun to the number of equity held by tne shareholders,

2. OTHER NOTES ON ACCOUNTS

1. Based on the Inf urination / documents available with the Company, no creditor is covered under Micro, 5maH and Medium Enterprise Development Act, 2006. As a result, no interest provislon/payments have been made by the Company to such creditors, f any, and no disclosures thereof are made in these accounts.

2 Provision for taxation for the year has been prov ded for under the normal provisions of Income Tax being higher than the rax computed under the provisions of See 11HB.

3 Mo provision has been made on account nf gratuity .11 none of the employ have put In completed years of service as required by the payment of gratuity act.

4. No provision has been made on account of leave salary as there are no leave to the credit of employees as at the end of the year.

5. The Company Is engaged in the business of Non Banking financial business and there is no separate reportable segment as per Accounting Standard 17 - "Segment Reporting" notified by the Companies Accounting Standard Rules, 2006.

6. Particulars required to be furnished by the NBFCs as per paragraph 13 of Non- Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 Issued by the RBI are given as per Annexure B attached hereto.

7. The figures of previous year have been regrouped and / or rearranged wherever necessary.

8 RELATED PARTY TRANSACTIONS

Related Party Disclosure as required by Accounting Standard * 18 are given below:

a] Iist nf rrelated parties:

Subsidiaries

1. Foremost Barter Ltd

2. Foremost Dealcomm Ltd

3. Hulbort Trading Ltd

4. Hulbert Vlnimay Ltd

5. Jagmata Mercantile Ltd

6. Jagmata Vintrade Ltd

7. Kotiratan Commercial Ltd

8. Kotiratan Marketing Ltd

9. Mangaldham Agents Ltd

10. Mangaldham Suppliers Ltd

11. Mangalsudha Barter Ltd

12. Mongalsudha Commercial Ltd

13. NirmalKun) Agency Ltd

14. NirmalKunj Tradecom Ltd

15. Nityadhara Barter Ltd

16. Nltyadhara Traders Ltd

17. Over Grow Barter Ltd

18 Over Grow Tie-up Ltd

19 Sarvlok Commercial Ltd

20 Sarvlok Dealcom Ltd

21 Speed Fast Marketing Ltd

22 Speed Fast Vincom Ltd

23 Vishawdham Tradelmk Lid

24 Vishawdham Merchants Ltd

Key managpmpnt pprconnpl

1. Subhadeep Mukherjec - Managing Director

2. Anjana Gupta - Additional Director

3. Dhlraj Ram - Additional Director

4. Gourav Goel - Additional Director

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Mar 31, 2012

TERMS/ RIGHTS ATTACHED TO EQUITY SHARES

The Company has only one class of equity share having par value of Rs 10 / per share . Each holder of Equity share is entitled to one vote per share

In the event of liquidation of the company , the holder of equity shares will be entitled to receive remaining assets of the Company after distribution of all preferential amounts . The Distribution will be in proportion to the number of equity share held by the shareholders

NOTE- 1

Based on the information / documents available with the Company, no creditor is covered under Micro, Small and Medium Enterprise Development Act, 2006. As a result, no interest provision/payments have been made by the Company to such creditors, if any, and no disclosures thereof are made in these accounts.

NOTE- 2

Provision for taxation for the year has been provided for under the normal provisions of Income Tax being higher than the tax computed under the provisions of Sec 115JB.

NOTE- 3

No provision has been made on account of gratuity as none of the employees have put in completed years of service as required by the payment of gratuity act.

NOTE- 4

No provision has been made on account of leave salary as there are no leave to the credit of employees as at the end of the year.

NOTE- 5

The Company is engaged in the business of Non Banking financial business and there is no separate reportable segment as per Accounting Standard 17 "Segment Reporting" notified by the Companies Accounting Standard Rules, 2006.

NOTE- 6

Particulars required to be furnished by the NBFCs as per paragraph 13 of Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 issued by the RBI are given as per Annexure-B attached hereto.

NOTE- 7

Related Party Disclosure as required by Accounting Standard - 18 are given below:

a) List of related parties:

Associates

1. Square Trade & Holdings (P) Ltd.

2. Topline Finvest Pvt. Ltd.

Subsidiaries/ Holding

Nil

Key management personnel

1. Lalan Kumar Pandey

2. Vinay Kumar Shah

3. Sushil Kumar Agarwal

4. Shiv Nath Tiwari

Enterprise in which Key management personnel has substantial interest

1. Lifetime Agency Pvt. Ltd.

2. Laxmiwan Vinimay Pvt. Ltd.

3. Longview Construction Consultants Pvt. Ltd.

b) Details of transactions with related parties:

NOTE- 8

The figures of previous year have been regrouped and / or rearranged wherever necessary.

NOTE- 9

Till 31st March, 2011 the Company was using pre revised Schedule VI to the Companies Act 1956, for preparation and presentation of its financial statements. During the year ended 31st March, 2012 the Revised Schedule VI notified under the Companies Act, 1956 has become applicable to the company. The Company has re classified previous year figures as well as those in the bracket to confirm to this year''s classification as per revised Schedule VI. The adoption of revised Schedule VI does not impact recognition and measurement principles followed for preparation of financial statements. However it significantly impacts presentation and disclosure made in the financial statements, particularly presentation of Balance Sheet.

---

Mar 31, 2011

1. In accordance with Accounting Standard 22 'Accounting for taxes on income" issued by the Institute of Chartered Accountants of India, the company has accounted for deferred tax during the year. The component of deferred tax recognised and deferred tax as on 31st March, 2011 are as follows:

2. As per requirement of Accounting Standard 3 issued by the- ICAI, Cash Flow Statement is annexed herewith

3. Earning in foreign Currency NIL

4. Expenditure in foreign Currency NIL

5. No assets is impaired during the year as the assets are having recoverable value which is more than the carrying amount

6. Based on the information/documents available with the Company, no credit discovered under Micro/Small and Medium Enterprise Development Act, 2006 as a result. no Interest provision/payments have been made by the Company to such Creditors, if any, and no diclosurie there of made in this account.

7. Previous year figures have been regrouped, rearranged or recasted whereever considered necessary.

8. Information required in terms of paragraph 13 of Non Banking financial ( Non -Deposit Accepting or Holding) Companies prudential norms (Reserve Bank) Directions, 2007 is given m separate annexure.

9. In the opinion of Management, Current Assets, Loans. & Advances. if realized in the ordinary course of business, shall fetel approximately :be value at which these have been stated in the books of accounts and that no further provision is required.

10.In compliance with the Non Banking Financial Companies Auditor's Report ( Reserve Bank ) Directions , 2008 we report that

A

11. The Company is engaged in the Business of Non Ranking Financial Institution and it has obtained a certificate at Registration from the Bark

12. On the Basis of our examination of current year Balance Sheet and profit and loss account we hereby report that Company is entitled to continue to hold such certificate of Registration in terms of its asset / income pattern as on 31st March , 2011.

13. On the basis of our examination of current years Balance Sheet and :he immediately preceding current year balance sheet we report that the Company be classified based on its assets as LOAN COMPANY

B

14. The Board of Directors has passed a resolution for Non Acceptance of any Public Deposes

15. The Company has not accepted any deposit from the public during the year ended 31st March, 2010

16. The Company has complied with the prudential Norm relating to the Income Recognition , Accounting Standands , assets classification and provisioning for bad and doubtful debts as applicable to it in terms of Non Banking Financial ( Non Deposits Accepting or Holding ) Companies Prudential Norms Reserve Bank ) Directions - 2007

17. The Company is not a systemeticaliy impertant company as defined in paragraph 2(1)(XIX) of the Non Banking Financial ( Non Deposits Accenting or Holding ) Companies Prudential Norms ( Reserve Rank ) Directions - 2007

18. As defined in paragraph 2 (1) (xii) of tie Non-Banking F nancial Companies Acceptance of Public Deposits (Reserve Bank) Direction. 1996

19. Provisioning norms shall be applicable as prescribed in the Non-Banking Financial (Non-Deposit Accepting or Holdings) Comsanies prudential Norms (Reserve Bank) Direction, 2007.

20. All Accounting Standards and Guidance Notes issued by ICAI are applicable including for valuation of investments and other assets as also assets acqired in satisfaction of debt. However, market value in resped of quoted investments and Break up/ fair value/NAV in respect of Unquoted investments should be disclosed irrespective of whether they are classified as long term or current in column (4) above,