Vatsa Corporation Ltd. के अकाउंट के लिये नोट

Oct 31, 2012

CONTINGENT LIABILITIES AND COMMITMENTS

Admitted & other contingent Liabilities

1 P.S. Approximately Rs.7496.48 Crores Amount Payable to Law Firm 85 & other against expenses made and or Guaranteed by them on behalf of Company as on year ended between 1985 to 31st October 2012 pre and post incorporation of the Company to be split in different head like interest out of pocket expenses spent on credit basis promises, commercial & private debts Travelling conveyances & other Hotel & Lodging & Boarding Charges for attending various Legal cases before various Legal Cassese before various Authorities including Drafting, correction Reading improving, advising communicating, Director, Chairman Employees, CEO and there key member of the management team current and past employees, Director, staff, chairman etc. pleading and appearing attending & briefing counsels, staff, Employees, Director, Associates and attending conferences and other professional charges fees with interest out of pocket expenses between 1985 to 2012 pre and post incorporation of the Company in above among other Areas for which Bills are/ were received and confirmed and reconfirmed by the company Director, CEO,CFO, Chairman, Director, Board of Directors Generals Body Shareholders from time to time

2 Rent & statutory taxes. Legal & professional Charges, License, charges & Royalties, scrutiny inspection, security & Maintenance Charges, indemnity Cost/ Charges, Guarantee fee/charges/cost etc., for receiving advise on various proceeding in various Courts including, Consumer Forum, Criminal, Civil, Session, High Court, Supreme court, Company Affairs, SAT.CLB, SEBI .Stock Exchange, Merchant Banking, Activities, HRD Foreign tie up, Agreement and collaboration etc., interest, penalties, penal, interest Damages, Punitive Damages and various other Charges opportunity cost, defamation charges & penalties and various others Direct and indirect charges with cost/fees various others statutory interest and other taxes.

3 Charges, fees / for using professional goodwill, offices professional contacts and social contacts political contacts and long standing credits for the benefits of the Company and its business collaborations contracts and International contacts, Tie ups with world Best Technology Companies, international political and social contacts, for its future business, some of them are/were fortune 500 Companies world wide.

4. a) Outstanding liabilities-amounts payable by Company Rent-Municipal Taxes*Interest, etc., - Maintenance - Repairs - up keeping - Electricity, etc.,

b) Professional fees-Legal & Service Charges.

c) Fees for Statutory maintaining-SEBI-Stock/Exchanges & legal Cases follow up charges with various.

d) Income Tax provident Fund, ESIC-Services-ROC-Sales Tax-Co-coordinating with various Govt, authorities, attending engaging various lawyers/consultant counsels, etc. and replying attending Income Tax, CIT, ITAT, High Court, Sessions Courts, City Civil courts, Supreme Courts consumer/ State and National Forums.

e) Correction of company correspondences, minutes, letters, Draft, Agreements petitions, legal submission plaints and work related to it, etc.

f) License Fees-Royalty fees and others charges for I using Name / Brands etc. patent, copyrights and other related Areas, trade names, trademarks, tie ups. Licenses and Royalty Securities Deposits.

g) Security and other services charges, etc.

h) MPID-SFIO & Other ROC.R& T related work-SEBI & other Cassese follow up with different different law firm, lawyers, solicitors, senior lawyers legal consultants etc. various courts-Authorities-Polie.etc...

i) Correction of Various correspondences,

5 Details of which were/ are filed by creditors with the Company

6. The outstanding balances of certain Trade Receivables, Trade Payables, Deposits, Advances and Other Current Assets/ Liabilities are subject to confirmation.

7. In the opinion of the Board, the value on realization of Current Assets, Loans and Advances in the ordinary course of the business would not be less than amount at which they are stated in the Balance Sheet and the provision for all known and determined liabilities is adequate and not in excess of the amount reasonably required.

8. Figures of the previous year have been regrouped, reclassified and recanted wherever necessary to make them mural with those of current year.

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Oct 31, 2011

1. Contingent liabilities as may arise due to :

i) Delayed Non compliance of various fiscal statues Amount uncertain We.

ii) Claims against the company not acknowledge as debts Amounts Unascertainable.

iii) Order passed u/s 158 BC of the Income Tax Act, 1961 resulting in the Income Tax Demand of Rs. 9.32 crores (Previous Year - Rs. 9.32 crores).The matter is under appeal with higher authorities.

iv) Income Tax Order passed u/s 143 (3) of the Income Tax Act 1961 resulting in demanding of Rs. 15.37 Crores (previous Year - Rs. 15.37) for Assessment Year 1995-96. The matter is under appeal with higher authorities.

v) Corporate Guarantee given to a Scheduled Bank for third party - Rs. 50 Lacs (Previous Year Rs. 50 Lacs).

vi) Approximately Rs. 5521.28 crores Amount Payable to Law Firm 85 & others against expenses made and or Guaranteed by them on behalf of company as on year ended bet 1985 to 31st October 2011 pre and post incorporation of the Company to be split in different heads like interest out of pocket expenses Spent on credits basis promises, commercial & private debts, Traveling, conveyances & other Hotel & Lodging & Boarding Charges for attending various Legal cases before various Authorities including

Drafting correcting Reading pleading improving, advising communicating. Directors, Chairman Employees, CEO, and other key members of the management team current and past employees, Directors, Staff, Chairman etc. pleading and appearing attending & briefing counsels, staff, Employees, Directors, Associates and attending conferences and other professional Charges fees with interest out of pocket expenses between 1985 to 2011 pre and post incorporation of the Company in above among other Areas for which Bills are / were Received and confirmed and reconfirmed by the Company Directors, CEO, CFO, Chairman, Director, Board of Directors General Body of Shareholders from time to time.

1. Rent & statutory taxes, Legal & professional Charges, License, Charges & Royalties, scrutiny Inspection, security & Maintenance Charges, Indemnity Cost/ Charges, Guarantee fees/Charges/cost etc., for receiving advises on various proceedings in various Courts including, Consumer Forums, Criminal, Civil, sessions, High Courts, Supreme Court, Company Affairs, SAT, CLB, SEBI, Stock Exchange, Merchant Banking, Activities, HRD Foreign tie ups, Agreements and colla- borations etc., Interest, Penalties penal interest, Damages, Punitive Damages and various other charges opportunity cost, defamation Charges & penalties and various other Direct and Indirect Charges with costs / fees various others statutory interest and other taxes.

2. Charges/fees/for using professional goodwill, offices professional contacts and social contacts political contacts and long standing credits for the benefits of the Company and its businesses collaborations contracts and international contacts, Tie ups with world''s Best Technology Companies, international political and social contacts, for its future businesses, some of them are / were fortune 500 Companies worldwide.

3. A) Outstanding liabilities-amounts payable by Company Rent-Municipal Taxes-Interest, etc. Maintenance - Repairs - Up keeping Electricity, etc.

B) Professional fees - Legal & Service charges.

C) Fees for statutory'' maintenance - SEBI - Stock / Exchanges & Legal cases follow up charges with various Authorities/courts, etc.

D) Income Tax provident fund, ESlS-Services- ROC-Sales Tax-Co-ordina1ing with various Govt, authorities, attending engaging various lawyers/consultants counsels, etc. and replying attending Income Tax, CIT, ITAT, High Court, Sessions Courts, City Civil Courts, Supreme Courts Consumer / State and National Forums.

E) Correction of company correspondences, minutes, letters, Drafts, Agreements petitions, legal submissions plaints and work related to it, etc.

F) License Fees - Royalty fees and other charges for / using Name / Brands etc. patent, Copyrights and other related Areas, trade names, trademarks, tie ups, Licenses and Royalties Securities Deposits.

G) Security and other services charges, etc.

H) MPID-SFIO& Other ROC, R &T related work-SEBI & other cases follow up with different different law firms, lawyers, solicitors, senior lawyers legal consultants etc. various courts-Authorities-Police. etc.

I) Correction of various correspondences,

1. Details of which were/are filed by creditors with the Company and are confirmed by the Company from time to time.

2. In the opinion of the management, the Current Assets, Loans & Advances are expected to realize at least at the value stated in the Balance Sheet and adequate provision have been made for all known

3. Balance appearing in some accounts under the head Sundry debtors, Bank Balance, Sundry creditors, Unclaimed Dividend, Loans & Advances, if any are subject to confirmations.

4. No provision has been made in the accounts for Diminution/Appreciation in the book value of the investments since the opinion of the Management, the investment are of long term nature.

5. Previous period''s figures have been re-arranged and/or re-grouped, wherever considered necessary.

6. Expenses in Foreign Currency for Travelling - Rs. NIL (Previous Year Rs. NIL).

7. Additional information pursuant to paragraph 3 & 4 of part II of Schedule VI of the Companies Act, 1956 to the extent.

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Oct 31, 2010

I. NOTES ON ACCOUNTS :

1. Contingent liabilities as may arise due to :

i) Delayed Non compliance of various fiscal statues Amount unascertainable.

ii) Claims against the company not acknowledge as debts Amounts Unascertainable.

iii) Order passed u/s 158 BC of the Income Tax Act, 1961 resulting in the Income Tax Demand of Rs. 9.32 crores (Previous Year Rs. 9.32 crores). The matter is under appeal with higher authorities.

iv) Income Tax Order passed u/s 143 (3) of the Income Tax Act 1961 resulting in demanding of Rs. 15.37 Crores {previous Year - Rs. 15.37) for Assessment Year 1995-96. The matter is under appeal with higher authorities.

v) Corporate Guarantee given to a Scheduled Bank for third party Rs. 50 Lacs (Previous Year Rs. 50 Lacs).

vi) Approximately Rs. 4053.15 crores Amount Payable to Law Firm 85 & others against expenses made and or Guaranteed by them on behalf of company as on year ended bet 1985 to 31st October 2010 pre and post incorporation of the Company to be split in different heads like interest out of pocket expenses Spent on credits basis promises, commercial & private debts, Traveling, conveyances & other Hotel & Lodging & Boarding Charges for attending various Legal cases before various Authorities including

Drafting correcting Reading pleading improving, advising communicating, Directors, Chairman Employees, CEO, and other key members of the management team current and past employees, Directors, Staff, Chairman etc. pleading and appearing attending & briefing counsels, staff, Employees, Directors, Associates and attending conferences and other professional Charges fees with interest out of pocket expenses between 1985 to 2010 pre and post incorporation of the Company in above among other Areas for which Bills are/were Received and confirmed and reconfirmed by the Company Directors, CEO, CFO, Chairman, Director, Board of Directors General Body of Shareholders from time to time.

1. Rent & statutory taxes, Legal & professional Charges, License, Charges & Royalties, scrutiny Inspection, security & Maintenance Charges, Indemnity Cost/ Charges, Guarantee fees/Charges/cost etc., for receiving advises on various proceedings in various Courts including, Consumer Forums, Criminal, Civil, sessions, High Courts, Supreme Court, Company Affairs, SAT, CLB, SEBI, Stock Exchange, Merchant Banking, Activities, HRD Foreign tie ups, Agreements and collaborations etc., Interest, Penalties penal interest, Damages, Punitive Damages and various other charges opportunity cost, defamation Charges & penalties and various other Direct and Indirect Charges with costs/ fees various others statutory interest and other taxes.

2. Charges/fees/for using professional goodwill, offices professional contacts and social contacts political contacts and long standing credits for the benefits of the Company and its businesses collaborations contracts and international contacts, Tie ups with world''s Best Technology Companies, international political and social contacts, for its future businesses, some of them are / were fortune 500 Companies worldwide.

3. A) Outstanding liabilities-amounts payable by Company Rent-Municipal Taxes-Interest, etc.-Maintenance-Repairs-Up keeping- Electricity, etc.

B) Professional fees - Legal & Service charges.

C) Fees for statutory'' maintenance-SEBI- Stock/Exchanges & Legal cases follow up charges with various Authorities/courts, etc.

D) income Tax provident fund, ESIS-Services- ROC-Sales Tax-Co-coordinating with various Govt, authorities, attending engaging various lawyers/consultants counsels, etc. and replying attending Income Tax, CIT,

IT AT, High Court, Sessions Courts, City Civil Courts, Supreme Courts Consumer / State and National Forums.

E) Correction of company correspondences, minutes, tatters, Drafts, Agreements petitions, legal submissions plaints and work related to it, etc.

F) License Fees - Royalty fees and other charges for/using Name/Brands etc. patent, Copyrights and other related Areas, trade names, trade marks, tie ups, Licenses and Royalties Securities Deposits.

G) Security and other services charges, etc.

H) MPID-SFIO& Other ROC, R &T related work-SEBI & other cases follow up with different different law firms, lawyers, solicitors, senior lawyers legal consultants etc. various courts-Authorities-Police. etc.

I) Correction of various correspondences,

4. Details of which were/are filed by creditors with the Company and are confirmed by the Company from time to time.

2. In the opinion o1 the management, the Current Assets, Loans & Advances are expected to realize at least at the value stated in the Balance Sheet and adequate provision have been made for all known liabilities unless otherwise stated.

3. Balance appearing in some accounts under the head Sundry debtors, Bank Balance, Sundry creditors, Unclaimed Dividend, Loans & Advances, if any, are subject to confirmations.

4. No provision has been made in the accounts for '' Diminution/Appreciation in the book value of the investments since the opinion of the Management, the investment are of long term nature.

5. Previous period''s figures have been re-arranged and/or re-grouped, wherever considered necessary.

6. Expenses in Foreign Currency for Travelling - Rs. NIL (Previous Year Rs. NIL).

7. Additional information pursuant to paragraph 3 & 4 of part II of Schedule VI of the Companies Act, 1956 to the extent.