Yaan Enterprises Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

3 Provisions and Contingencies

The assessments undertaken in recognizing provisions and contingencies have been made in accordance with Ind
AS 37, ''Provisions, Contingent Liabilities and Contingent Assets''. The evaluation of the likelihood of the contingent
events requires best judgment by management regarding the probability of exposure to potential loss. If
circumstances change following unforeseeable developments, then this likelihood could alter.

4 Income Taxes

Management judgment is required for the calculation of provision for income taxes and deferred tax assets and
liabilities. The Company reviews at each balance sheet date the carrying amount of deferred tax assets/liabilities.
The factors used in estimates may differ from actual outcome which could lead to significant adjustment to the
amounts reported in the standalone financial statements.

5 Impairment of Financial assets

The impairment Provisions for financial assets are based on assumptions about risk of default and expected loss
rates. The company uses judgement in making these assumptions and selecting the inputs to the impairment
calculation, based on Company''s past history, existing market conditions as well as forward looking estimates at
the end of each reporting period.

O9.1- Terms and rights attached to equity shares:

The Company has only one class of shares referred to as equity shares having a par value of Rs 10/ Each Holder of equity shares is
entitled to one vote per share and dividend as and when declared by the Company.

In the event of liquidation of the company, the holders of equity shares will be entitled to receive any of the remaining assets of the
company, after the distribution of all preferential amounts.

The distribution will be in proportion to the number of equity shares held by the shareholders.

Nature and purpose of other reserves
(I) Capital Reserve

It is a reserve of a corporate enterprise which is not available for distribution as dividend. The reserve will be utilised in accordance
with the provision of the Act.

(ii) General Reserve

General reserve is used for strengthening the financial position and meeting future contingencies and losses.

Note on Social Security Code: The Code on Social Security, 2020 [''Code'') relating to employee benefits during
employment and post employment benefits received Presidential assent in September 2020. The Code has
been published in the Gazette of India. Certain sections of the Code came into effect on 3rd May 2024.
However, the final rules/interpretation have not yet been issued. The Company will evaluate the Code and its
rules, assess the impact, if any and account for the same once they become effective.

Market Risk

Market risk is the risk that The fail value ur future cash flows of a financial instrument will fluctuate because of changes in market prices. market price, comprise three types of
financial instruments affected by market risk include loans and borrowing, deposits, investments, and derivative financial instruments.

Credit Risk

Credit risk is The risk that a counter party will not meet its obligations under a financial instrument or customer contract, leading to a financial loss.

Liquidity risk

Liquidity risk is the risk that the Company may not be able to meet its present and future cash and collateral obligations without incurring unacceptable losses.

Risk Management framework

The Company''s over all risk management programme focuses on the unpredictability of financial markets and seeks Id minimise potential adverse effects on The Company''s
financial performance.

Risk management is carried out by the board of directors. The Board of Directors identifies,, evaluates and hedges financial risks in close co-operation with The Company''s
operating units. the board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rale risk, and credit
risk, use of derivative financial instruments and non-derivative Financial instruments, and investment of excess liquidity.

1_ Market Risk
Interest Rate Risk

Interest rate risk is the- risk, that the fair value of The future -cash flows of the Financial instrument will fluctuate because of changes in market interest rates. In order to manage
the interest rate lisk, the board of directors performs a comprehensive corporate interest rate risk management by balancing the proportion of fixed interest rate and Boating
rate financial

The company doe not have any significant market risk in view of the financial instruments held by the company.

2_ Credit risk

Credit risk arises from the possibility Chat Che counter party may not be able to settle their obligations as agreed. To manage
this, the Company periodically assess financial reliability of costumers, Liking into account the financial condition, our lent
economic trends, and ageing of accounts [receivable.

2. Liquidity Risk

The Company''s objective is Lo maintain optimum levels of liquidity to meet its cash and collateral requirements

The Croup is not exposed to liquidity risk- It has surplus funds with banks and does not anticipate any problem in obtaining external funding in the foreseeable future when The
need arises.

The billowing are the contractual maturities of non -derivative financial Liabilities, based on contractual cash flaws:

note No. 30. Disclose as per Ind AS 113 ‘Fair Value Measurement¹
Fair Value Hierarchy

All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the lair value hierarchy, described as billows, based an the
lowest level inpuL that is significant to the fair value Measurement as a whole:

Level 1 Level 1 hierarchy includes financial instruments measured using quoted prices. This Includes listed equity instruments that have quoted price. Listed and actively traded
equity instruments are staLed at the last quoted dosing price on the national Stock Exchange of India Limited | NSE ,|.

Level 2- The fair value of financial instruments Ghat are not traded in active market is determined using valuation techniques Which maximize the use of observable market data
and rely as little as possible on entity specific estimates. If all significant inpuLs required to fair value an instrument are observable, the instrument is included in level 2.

Level 3- ifI one or mare of the significant inputs is not based on observable market data, the instrument is included in level 2. The fair value of the financial assets and liabilities
included in Level 3 is determined in accordance with generally accepted priding models based on discounted! cash (low analysis using prices from observable current market
Transactions and dealer quotes of similar instruments. This level includes foreign exchange forward contracts and investments in unquoted equity instruments.

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Mar 31, 2024

7 Provisions and Contingencies

A provision is recognized if, as a result of a past event, the Company has a present legal or constructive obligation
that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the
obligation. If the effect of the time value of money is material, provisions are determined by discounting the
expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and
the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is
recognized as a finance cost Provisions are reviewed at each balance sheet date and are adjusted to reflect the
current best estimate.

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 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 liabilities are
disclosed on the basis of judgment of management/ Independent experts. These are reviewed at each balance sheet
date and are adjusted to reflect the current management estimate.

8 Revenue

The Company derives revenues primarily from business of Tour and Travel services,Works contract related to
construction services and sale of precious/semi precious stones. Income from operations like service charges,
commission, marketing charges. Revenue from other Income comprises Interest received.

Sale of Services

Revenue from contracts, where the performance obligations are satisfied over time and where there is no
uncertainty as to measurement or collectability of such consideration is recognized. When there is uncertainty as to
measurement or ultimate collectability, revenue recognition Is postponed until such uncertainty Is resolved. Efforts
or costs expended have been used to measure progress towards completion as there Is a direct relationship
between input and productivity.

With respect to the method for recognising revenue of such works contracts over time (i.e. the method for
measuring progress towards complete satisfaction of a performance obligation}, the Company has established
certain criteria that are applied consistently for similar performance obligations. In this regard, the method chosen
by the Company to measure the value of goods or services for which control Is transferred to the customer overtime
Is the output method based on the performance completed to date {or measured unit of work), according to which
revenue is recognised corresponding to the units of work performed and on the basis of the price allocated thereto.
In cases where the work performed till the reporting date has not reached the milestone specified in the contract,
the Company recognises revenue only to the extent that it is highly probable that the customer will acknowledge the
same. This method is applied as the progress of the work performed can be measured during its performance on the
basis of the contract. Under this method, on a regular basis, the work completed under each contract is measured
and the corresponding output Is recognised as revenue.

The recognition of revenue is made for an amount with respect to which it is highly probable that a significant
reversal will not occur.

Revenue recognition for Tours and Travel-

Arrangements with customers for tour and travel related services are on a fixed-price basis.

In arrangements for Tour and Travel services, the Company has applied the guidance in Ind AS 115, Revenue from
contract with customer, by applying the revenue recognition criteria for each distinct performance obligation. The
arrangements with customers generally meet the criteria for considering tour and travel service contracts as distinct
performance obligations. For allocating the transaction price, the Company has measured the revenue in respect of
each performance obligation of a contract at its relative standalone selling price. The price that is regularly charged
for an item when sold separately is the best evidence of its standalone selling price. In cases where the company Is
unable to determine the standalone selling price, the company uses the expected cost plus margin approach In
estimating the standalone selling price. For tour and travel services, the performance obligations are satisfied as and
when the services are rendered since the customer generally obtains control of the work as it progresses.

There are no remaining performance obligations of the company at the year end.

Sale of Goods

Revenue from sale of Gems and Jewellery Items Is recognised at the time the control is transferred as per the terms
of the contract and goods are made available to the customer consisting no significant uncertainty regarding the
amount of the consideration that will be derived from the sale of goods. It is measured at fair value of consideration
received or receivable, net of returns and allowances, trade discounts and volume rebates.

Interest Income

Interest Income Is recognised using effective interest method.

9 Employee Benefits

Shortterm Employee benefits:

Short-term employee benefit obligations are measured on an undiscounted basis and are expensed as the related
service is provided. A liability is recognized for the amount expected to be paid e.g., under short-term cash bonus, if
the Company has a present legal or constructive obligation to pay this amount as a result of past service provided by
the employee, and the amount of obligation can be estimated reliably.

10 Impairment of non financial assets

As at each Balance Sheet, the company assesses whether there is an Indication that an asset may be Impaired and
also whether there Is an Indication of reversal of impairment loss recognised in the previous periods. If an Indication
exists, or when annual Impairment testing for an asset Is required. If any, the company determines the recoverable
amount and impairment loss is recognised when the carrying amount of an asset exceeds its recoverable amount.

11 Operating Segments

In accordance with Ind AS -108, the Operating Segments used to present segment Information are Identified on the
basis of internal reports used by the company''s Management to allocate resources to the segments and assess their
performance. The Chief Operational Decision Maker (Board of Directors} monitors the operating results of Its
business segments separately for the purpose of making decisions about resource allocation and performance
assessment. Segment performance is evaluated based on profit or loss and is measured consistently with profit or
loss In the financial statements.

The Company''s operating business are organized and managed separately according to the nature of products, with
each segment representing a strategic business unit that offers different products. The identified segments are
Travel and Tourism Operations, Sales of Precious/ Semi-Precious Stones and Works contract services in relation to
Construction activities

Segment revenue includes sales and other income directly identifiable with/ allocable to the segment.

Expenses that are directly identifiable with/ allocable to segments are considered for determining the Segment
result. Expenses which relate to the company as a whole and not allocable to segments are included under un¬
allocable expenditure.

Income which related to the company as a whole and allocable to segments Is Included In allocable income.

Segment assets and liabilities Include those directly Identifiable with the respective segments, un-allocable assets
and liabilities that relate to the company as a whole and allocable to any segment.

12 Earnings per Share

Basic earning per equity share is computed by dividing the net profit or loss attributable to equity shareholders of

the Company by the weighted average number of equity shares outstanding during the financial year.

Diluted earnings per equity share Is computed by dividing the net prof t or loss attributable to equity shareholders of
the Company by the weighted average number of equity shares considered for deriving basic earnings per equity
share and also the weighted average number of equity shares that could have been issued upon conversion of all
dilutive potential equity shares.

13 Cash Flow Statement

Cash flow statement has been prepared in accordance with the Indirect method prescribed in Ind AS 7 ''Statement of
Cash Flows''.

14 Dividends

Dividends and interim dividends payable to the Company''s shareholders are recognized as changes In equity In the
period in which they are approved in the shareholders'' meeting and the Board of Directors respectively.

15 Financial Instruments

15.1 Financial Assets

All financial assets are recognized Initially at fair value plus, in the case of financial assets not recorded at fair value

through profit or loss, transaction costs that are attributable to the acquisition or issue of the financial asset.

Company''s financial assets include trade receivables, security deposits, cash and cash equivalents.

Financial assets are measured at amortised cost or fair value through other comprehensive income or fair value
through Profit and Loss, depending on its business model for managing those financial assets and the assets
contractual cash flow characteristics.

Subsequent measurement:

Debt instruments at amortised cost:

A financial asset is measured at amortised cost lf:-

‘-the financial asset Is held within a business model whose objective Is to hold financial assets in order to collect
contractual cash flows, and

‘- the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of
principal and interest (SPPI) on the principal amount outstanding

Investment in Debt

Investments in debt can be valued at amortised cost or Fair value throuKh profit & loss

Trade Receivables

Trade receivables are recognised initially at fair value and subsequently measured at amortised cost using the
effective Interest rate (EIR) method, less provision for Impairment losses. The carrying amounts of short term

financial assets are considered to be same as their fair value, due to their short term In nature.

In case of Crown Tour Ltd. all trade receivables are short term in nature hence they are carried at their transaction
price being their fair value.

Impairment of financial assets

In accordance with Ind AS 109, the Company applies expected credit loss (ECL) model for measurement and
recognition of impairment loss on trade Receivables, security deposits, cash and cash equivalents and credit risk
exposure. Impairment is made on the expected credit losses, which are the present value of the cash shortfalls over
the expected life of financial assets. The estimated Impairment losses are recognized as a separate provision for
Impairment and the Impairment losses are recognized In the Statement of Profit and Loss under the head other
expenses.

De-recagnttlon of financial assets

A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets} is

primarily de-recognlsed (l.e. removed from the Company''s balance sheet) when:

The rights to receive cash flows from the asset have expired, or

the company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay

the received cash flows in full without material delay to a third party under a ''pass-through'' arrangement; And either

(a) The Company has transferred substantially all the risks and rewards of the asset, or

(b) The Company has neither transferred nor retained substantially all the risks and rewards of the asset, but has
transferred control of the asset.

15.2 Financial Liabilities

Initial Measurement

At initial recognition, all financial liabilities other than fair valued through profit & loss are recognised initially at fair

value less transaction costs that are attributable to the Issue of financial liability. Transaction costs of financial

liabilities that are carried at fair value through profit or loss are expensed in the Statement of Profit and Loss.
Company''s financial liabilities include borrowing, lease liability, trade payables.

Subsequent Measurement

Subsequent measurement of financial liabilities depends upon their classification:

i) Financial liability at amortised cost

After initial recognition, interest bearing loans and borrowings are subsequently measured at amortised cost using
the EIR method. Gain and Losses are recognised in the Statement of Profit and Loss when the liabilities are de¬
recognised as well as through the EIR amortisation process. The EIR amortisation Is Included as finance cost In the
Statement of Profit and Loss.

ii) Financial liability at fair value through profit or loss

Financial liabilities at fair value through profit or loss Include financial liabilities held for trading and financial
liabilities designated upon Initial recognition as at fair value through profit or loss. Financial liabilities are classified as
held for trading If they are Incurred for the purpose of repurchasing in the near period. This category also Includes
derivative financial Instruments entered Into by the Company that are not designated as hedging Instruments In
hedge relationships as defined by Ind-AS 109. Separated embedded derivatives are also classified as held for trading
unless they are designated as effective hedging Instruments.

De-recognhion of financial liabilities

A financial liability Is derecognised when the obligation under the liability Is discharged or cancelled or expires. When
an existing financial liability is replaced by another, from the same lender on substantially different terms, or the
terms of an existing liability are substantially modified, such an exchange or modification is treated as the de¬
recognition of the original liability and the recognition of a new liability. The difference in the respective carrying
amounts is recognised in the Statement of Profit and Loss.

16 Leases

A contract Is, or contains, a lease If the contract conveys the right to control the use of an Identified asset for a period of time In
exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the
Company assesses whether: (i) the contract involves the use of an identified asset (ii) the Company has substantially alt of the
economic benefits from use of the asset through the period of the lease and (iii) the Company has the right to direct the use of
the asset.

At the date of commencement of the lease, the Company recognizes a right-of-use asset ("ROU") and a corresponding lease
liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term
leases) and low value leases. For these short-term and low value leases, the Company recognizes the lease payments as an
operating expense on a straight-line basis over the term of the lease

As a lessee, the Company determines the lease term as the non-cancellable period of a lease adjusted with any option to extend
or terminate the lease, if the use of such option is reasonably certain. The Company makes an assessment on the expected lease
term on a lease-by-lease basis and thereby assesses whether it is reasonably certain that any options to extend or terminate the
contract will be exercised. In evaluating the lease term, the Company considers factors such as any significant leasehold
improvements undertaken over the lease term, costs relating to the termination of the lease and the importance of the
underlying asset to the operations taking Into account the location of the underlying asset and the availability of suitable
alternatives. The lease term in future periods Is reassessed to ensure that the lease term reflects the current economic
circumstances.

The right-of-use assets are initially recognized at cost, which comprises the initial amount of the lease liability adjusted for any
lease payments made at or prior to the commencement date of the lease plus any initial direct costs less any lease incentives.
They are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are
depreciated from the commencement date on a straight-line basis over the shorter of the lease term and useful life of the
underlying asset.

Right-of-use assets are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying
amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair
value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash
flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash
Generating Unit (CGU) to which the asset belongs.

The lease liability Is Initially measured at amortized cost at the present value of the future lease payments. The lease payments
are discounted using the Interest rate implicit In the lease or, If not readily determinable, using the Incremental borrowing rates
in the country of domicile of these leases. Lease liabilities are remeasured with a corresponding adjustment to the related right
of use asset if the Company changes its assessment if whether it will exercise an extension or a termination option.

Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as
financing cash flows.

If modifications or reassessments occur, the lease liability and right of use asset are re-measured. Right of use assets are
depreciated over the shorter of the useful life of the asset or the lease term

D Use of Estimates and management judgements

The preparation of financial statements requires management to make judgements, estimates and assumptions that
may impact the application of accounting policies and the reported value o f assets, liabilities, income and expenses
and related disclosures concerning the items Involved as well as contingent assets and liabilities at the balance sheet
date. The estimates and management''s judgements are based on previous experience and other factors considered
reasonable and prudent in the circumstances. Actual results may differ from these estimates. Estimates and
underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the
period in which the estimates are revised and In any future periods affected.

1 Useful life of Property, Plant and Equipment

The estimated useful life of property, plant and equipment Is based on a number of factors Including the effects of
obsolescence, demand, competition and other economic factors (such as the stability of the Industry and known
technological advances) and the level of maintenance expenditures required to obtain the expected future cash
flows from the asset. Useful life of assets Is determined In accordance with Schedule II of the Companies Act, 2013.
The Company reviews at the end of each reporting date the useful life of property, plant and equipment.

2 Recoverable amount of Property, Plant and Equipment

The recoverable amount of Property, Plant and Equipment is based on estimates and assumptions regarding in
particular the expected market outlook and future cash flows associated with the property, plant and equipment.
Any changes in these assumptions may have a material impact on the measurement of the recoverable amount and
could result In Impairment.

3 Provisions and Contingencies

The assessments undertaken In recognizing provisions and contingencies have been made In accordance with Ind AS
37, ''Provisions, Contingent Liabilities and Contingent Assets''. The evaluation of the likelihood of the contingent
events requires best judgment by management regarding the probability of exposure to potential loss. If
circumstances change following unforeseeable developments, then this likelihood could alter.

4 Income Taxes

Management Judgment Is required for the calculation of provision for Income taxes and deferred tax assets and
liabilities. The Company reviews at each balance sheet date the carrying amount of deferred tax assets/liabilities.
The factors used in estimates may differ from actual outcome which could lead to significant adjustment to the
amounts reported in the standalone financial statements.

5 Impairment of Financial assets

The impairment Provisions for financial assets are based on assumptions about risk of default and expected loss
rates. The company uses judgement in making these assumptions and selecting the inputs to the impairment
calculation, based on Company’s past history, existing market conditions as well as forward looking estimates at the
end of each reporting period.

B) Financial risk management
Financial rhk management

The Company''s Financial Risk Management Is an Integral part of how to plan and execute Its business strategies. The Company''s financial risk management Is set by the
Managing Board of Directors.

Market Risk

Market risk is the risk that the fair value or future cash flows of a financial Instiument will fluctuate because of changes In market prices. Market prices comprise three types of
Financial Instruments affected by market risk Include loans and borrowings, deposits, Investments, and derivative financial Instruments.

Credit Risk

Credit risk is the risk that a counter party will not meet Its obligations under a financial Instrument or customer contract; leading to a financial loss.

Liquidity Risk

Liquidity risk Is the risk that the Company may not be able to meet Its present and future cash and collateral obligations without Incurring unacceptable losses.

RJsk Management framework

The Company''s overall risk management programme focuses on the unpredictability of financial markets and seeks to minimize potential adverse effects on the Company''s
financial performance.

Risk management Is carried out by the board of directors. The Board of Directors Identifies, evaluates and hedges financial risks In close co-operation with the Company''s
operating units. The board provides principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk. Interest rate risk, and
credit risk, use of derivative financial Instruments and non-deitvatfve financial Instruments, and Investment of excess liquidity,

1. Market Risk
Interest Rata Risk

Interest rate risk is the risk that the fair value of the future cash flows of the financial instrument will fluctuate because of changes in market Interest rates. In order to manage
the interest rate risk, the board of directors performs a comprehensive corporate interest rate risk management by balancing the proportion of fixed interest rate and floating
rate financial instruments in its total portfolio.

The compnay does not have any significant market risk in view of the financial insturments held by the company.

Credit risk

Credit risk arises from the possibility that the counter party may not be able to settle their obligations as agreed. To manage
this, the Company periodically assess financial reliability of customers, taking Into account the financial condition, current
economic trends, and ageing of accounts receivable.

3. liquidity Risk

The company’s objective Is to maintain optimum levels of liquidity to meet Its cash and collateral requirements.

The Group Is not exposed to liquidity risk. It has surplus funds with banks and does not anticipate any problem In obtaining external funding in the foreseeable future when
the need arises.

The following are the contractual maturities of non-derivative financial Liabilities, based on contractual cash flows:

Note No. 32. Disclosure at per Ind AS 113 ‘Fair Value Measurement''

Fair Value Hierarchy

All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value hierarchy, described as follows, based on
the lowest level Input that Is significant to the fair value Measurement as a whole;

level 1- Level 1 hierarchy Includes financial Instruments measured using quoted prices. This includes listed equity instruments that have quoted price, listed and actively
-traded equity instruments are stated at the last quoted closing price on the National Stod: Exchange of India Limited (NSE).

Level 2- The fair value of financial instruments that are not traded in active market is determined using valuation techniques which maximize the use of observable market
data and rely as little as possible on entity specific estimates. If all significant Inputs required tofalrvaluean Instrument are observable, the Instrument Is Included In level 2.
level 3- If one or more of the significant Inputs Is not based on observable market data, the Instrument is Included in level 3. The lair value of the financial assets and liabilities
induded in Level 3 is determined in accordance with generally accepted pricing models based on discounted cash flow analysis using prices from observable current market
transactions and dealer quotes of similar instruments. This level indudes foreign exchange forward contracts and investments in unquoted equity instruments.

The Managing Director of the Company has been identified as the Chief Operating Decision Maker (CODM) as defined by Ind
AS 108- Operating Segments.The CODM evaluates the Company''s performance and allocates resources based on an analysis of
various performance indicators. The identified segments are Travel and Tourism Operations and Sales of Precious/Semi-
Preclous Stones and Works Contract activities.

Revenues and expenses directly attributable to segments are reported under each reportable segment. All other expenses
which are not attributable or allocable to segments have been disclosed as unallocable expenses. Assets and liabilities that are
directly attributable or allocable to segments are disclosed under each reportable segment. All other assets and liabilities are
disclosed as unallocable.

Note ‘36.d’: Title deeds of Immovable Property

There is no immovable Property held in the names of Company

Note''37'': Details of Benaml property held

No proceedings have been initiated on or are pending against the Company for holding benami property under the benami Transactions
(Prohibition) Act, 1988 and rules made thereunder.

Note''38'': Wilful Defaulter

The Company has not been declared wilful defaulter by any bank or financial Institution or other lender.

Note ''39'': Relationship with Struck off companies

The company has no tansaction with the companies struck off under section 280 of the Companies Act, 2013 or section 560 of the Companies Act,
Note ''40'': Undislosed Income

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

Note ''41a'': Loans and Advances to specified persons

No loans or advances in the nature of loans are granted to promoters, directors, KMP and the related parties {as defined u nder Companies Act,
2013) either severally or jointly with any other person, that are repayable on demand or without specifying any terms or period of repayment,

Note ''41.b'': Borrowings from banks and financial Institutions

Company has not taken any loan from bank and financial institutions during the financial year 2022-23, hence no reporting is required as per
revised schedule III of Companies Act 2013.

Note ''41.c'': Utilisation of Borrowed fund and share premium

Neither the company has advanced or loaned or invested funds to Intermediaries nor received any fund from any Funding Party during the financial
year with the understanding that the Intermediary or company shall -

a. dfrectfy or Indirectly lend or Invest in other persons or entitles Identified in any manner whatsoever by or on behalf of the company (Ultimate

b. provide any guara ntee, security or the like to or on behalf of the Ultimate Beneficiaries.

Note ''42'': Details of Crypto currency or virtual currency

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

Note''43'': Compliance wtth approved scheme(s) of arrangements

The Company has not entered into any scheme of arrangement in terms of s. 23Qto 237 of the Companies, Act, 2013 which has an accounting
impact on current or previous financial year.

Note''44'': Registration of Charges or satisfaction wtth Registrar of Companies (ROC)

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

Note ''45'': Other disclosure:

45.1 Figures of the current and previous year have been rounded off to the nearest rupees in lakhs.

45.2 The carrying amount of short term trade receivables/payables are considered to be same as their fair values due to their short-term nature.

45.3 The fair values of borrowings were calculated based on cash flows discounted using current discount rate.

As per our Audit Report of even date:

For Koshalft Associate
Chartered Accountants
FRN: 121233W

Mr. RanJIth Soman Dr. Veena RanJIth

DIN 01714430 DIN 02187295

(Managing Director) (Director)

Koshal Maheshwari
Proprietor

M.No043746 Shalaka Gopale

(Chief Financial Officer}

Place: Mumbai Place: Mumbai

Dated: 25.05.2024 Dated: 25X5.2024

UDiN: 240437466KFAU13433

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Mar 31, 2015

Note : 1

The Company has only one class of shares referred to as equity shares having a par value of Rs. 10/- Each Holder of equity shares is entitled to one vote per share and dividend as and when declared by the Company.

In the event of liquidation of the company, the holders of equity shares will be entitled to receive any of the remaining assets of the company, after the distribution of all preferential amounts.

Note : 2

EMPLOYEES BENEFIT: AS-15

As per Accounting Standard 15 "Employee Benefits", disclosure of employee benefits as defined in the accounting standard are given below:

(a) Defined Contribution Plan

Company has made fixed contribution to Provident Fund at predetermined rates to Provident Fund Commissioner of Rajasthan. The obligation of the Company is limited to contribution. Amount recognized as expense in Statement of Profit and Loss for the year is as under:

(b) Defined Benefit Plan-

The Company has defined benefit gratuity plan. Every employee who has rendered continuous service of five years or more is entitled to get gratuity at 15 days for each completed year or more subject to provisions of The Payment of Gratuity Act, 1972. Company has invested to meet its such liability with Life Insurance Corporation of India under Group Gratuity Scheme. The liability for the same is recognized as per actuarial valuation by LIC.

Note : 3

(a) Details of contingent liabilities as on 31.03.2015are as under

(a) Claims against company not acknowledged as debt of Rs. 151,200 (P.Y. 151,200)

(b) Disputed Demand for Income Tax A.Y. 2012-13, Matter under Appeal with CIT(Appeals) Jaipur Rs. 86,000 (P.Y. NIL) Demand adjusted by I.T. department out of refund for A.Y. 2013-14

(c) Disputed Demand for Service Tax For F.Y. 2005-06, Matter under Appeal with CESTAT,

New Delhi of Rs. 9,82,032 (P.Y. Rs. 9,82,032) (Inclusive of Penalty)

(d) Disputed Demand for Service Tax For the period from Oct. 2007 to March, 2010, Matter under Appeal with CEC, Jaipur Rs. 22,62,511 (P.Y. 22,62,511)

Note : In Addition interest may also be payable if case decided against the company.

Note : 4

Accounting Standard 18 "Related Party Disclosure"

As per Accounting Standard 18, the disclosures of transactions with the related parties as defined in the Accounting Standard are given below:

1. Relationships: -

a) Associate Companies/Concerns :

- Blossom Holidays (India) Pvt. Ltd.(Formerly Known as Bhandari Tourism Finance Private Limited)

- Academy for Research & Training (India) Pvt. Ltd.

- Crown Tour and Travels

- Harwar Park and Spa Pvt. Ltd.

- Crystal Park Resorts Pvt. Ltd.

b) Key Management personnel:

- Mr. Bharat Raj Bhandari

- Mr. Kamlesh Bhandari

c) Relatives of Key management personnel and their enterprises where transactions have taken place.

- Mr. Bharat Raj Bhandari

- Mr. Kamlesh Bhandari

- Mrs. Suman Bhandari

- Mrs. Chirali Bhandari

- Mr. Vipul Bhandari

- Mrs. Shaila Bhandari

- Mrs. Abhilasha Bhandari

- Mr. T.R. Bhandari

- Mrs. Alpa Bhandari

Note : 5

Information in respect of :

(a) Expenses in foreign currency in respect of foreign travel Rs. NIL/- (Rs. 2,83,934/-)

(b) Earning in Foreign Currency:

Travelling ticket and tourism services Rs. 28,24,094/-(Rs. 46,06,235/-)

FOB value of Exports Rs. Nil (Rs. Nil )

(c) Foreign currency traded:

Purchased : Rs. Nil (Rs. Nil)

Sold : Rs. Nil (Rs. Nil )

NOTE: - Figure in brackets pertains to previous year.

Note : 6

Company has entered into agreement with Harwar Park & Spa (P) Ltd. and Academy for Research & Training (India) (P) Ltd. (companies under the same management) for taking the property of each company on lease; security deposits amounting to Rs. 8,00,000 and Rs.15,00,000 have been paid respectively to these companies.

Note : 7

There are no Micro and Small Enterprise to whom the company owes dues on account of principal amount together with interest which are outstanding for more than 45 days at the Balance Sheet date. Such information and that given in "Trade Payables- Note No:-5" regarding Micro and Small Enterprises has been determined to the extent such parties have been identified on the basis of information available with the company.

Note : 8

Balances of creditors, advances, debtors and other parties are subject to their confirmation.

Note : 9

The Company's equity share got listed with BSE Ltd. w.e.f. July 4th 2014, under the direct listing norms. The equity shares of the company were listed with Delhi and Jaipur Stock Exchanges. However, the said regional stock exchanges have been closed.

Note : 10

All assets and liabilities are presented as Current or Non-current as per criteria setout in Revised Schedule III to the Company's Act, 2013. Based on the nature of services rendered by the company, its operations and realization, the company has ascertained its operating cycle of less than 12 months. Accordingly 12 months period has been considered for the purpose of Current / Non-current classification of assets & liabilities.

Note : 11

Figures of the current & previous year have been rounded off to the nearest rupees. Figures of previous year have been regrouped & rearranged to make them comparable with the current year's figures.

---

Mar 31, 2014

Note No. 1-: Share Capital (Amount in Rs.)

Particulars As at As at 31.03.2014 31.03.2013

Authorised Equity Shares 40,00,000 (40,00,000) Equity shares of Rs 10 each 40,000,000 40,000,000

Issued 31,00,000 (31,00,000) Equity shares of Rs 10 each 31,000,000 31,000,000

Subscribed & Paid Up 31,00,000 (31,00,000) Equity Shares of Rs 10/- each fully paid 31,000,000 31,000,000

31,000,000 31,000,000

* Figures in Bracket are of Previous Year.

The Company has only one class of shares referred to as equity shares having a par value of Rs. 10/- Each Holder of equity shares is entitled to one vote per share and dividend as and when declared by the Company.

In the event of liquidation of the company, the holders of equity shares will be entitled to receive any of the remaining assets of the company, after the distribution of all preferential amounts.

Reconciliation of the number of shares outstanding

Equity shares Equity shares Particulars As at As at 31.03.2014 31.03.2013

Shares outstanding at the beginning of the year 3,100,000 3,100,000

( ) Shares Issued during the year - -

(-) Shares bought back during the year - -

Shares outstanding at the end of the year 3,100,000 3,100,000

EMPLOYEES BENEFIT : AS-15

As per Accounting Standard 15 "Employee Benefits", disclosure of employee benefits as defined in the accounting standard are given below:

(a) Defined Contribution Plan

Company has made fixed contribution to Provident Fund at predetermined rates to Provident Fund Commissioner of Rajasthan. The obligation of the Company is limited to contribution. Amount recognized as expense in Statement of Profit and Loss for the year is as under:

(Amount in Rs.) Particulars 2013-14 2012-13

Employer''s contribution to P.F.,Pension Fund, E.D.L.I 589,130 578,421

Employer''s Contribution to E.S.I 297,478 287,596

TOTAL 886,608 866,017

(b) Defined Benefit Plan-

The Company has defined benefit gratuity plan. Every employee who has rendered continuous service of five years or more is entitled to get gratuity at 15 days for each completed year or more subject to provisions of The Payment of Gratuity Act, 1972. Company has invested to meet its such liability with Life Insurance Corporation of India under Group Gratuity Scheme. The liability for the same is recognized as per actuarial valuation by LIC.

2 Information in respect of :

(a) Expenses in foreign currency in respect of foreign travel Rs. 2,83,934/- (Rs. 2,46,481/-)

(b) Earning in Foreign Currency:

Travelling ticket and tourism services Rs. 40,81,375/- (Rs. 43,87,495/-) FOB value of Exports Rs. Nil (Rs. Nil )

(c) Foreign currency traded:

Purchased : Rs. Nil (Rs. Nil) Sold : Rs. Nil (Rs. Nil )

NOTE: - Figure in brackets pertains to previous year.

3 Company has entered into agreement with Harwar Park & Spa (P) Ltd. and Academy for Research & Training (India) (P) Ltd. (companies under the same management) for taking the property of each company on lease; security deposits amounting to Rs. 8,00,000 and Rs.15,00,000 have been paid respectively to these companies.

4 The Company had taken a Key man Insurance Policy of Managing Director Shri Bharat Raj Bhandari which has been surrendered during the previous year. Amount realised Rs. 25,00,439 has been account for as other income.

5 There are no Micro and Small Enterprise to whom the company owes dues on account of principal amount together with interest which are outstanding for more than 45 days at the Balance Sheet date. Such information and that given in "Trade Payables- Note No:-5" regarding Micro and Small Enterprises has been determined to the extent such parties have been identified on the basis of information available with the company.

6 Balances of creditors, advances, debtors and other parties are subject to their confirmation.

7 Vehicles valuing Rs. 21,24,500/- (P.Y. Rs. 29,81,616/-) having W.D.V of Rs. 10,23,900/- (Rs. 16,84,190/- as on 31.03.2014 are awaiting registration in the name of the company. However, the same has been used exclusively for the purpose of business.

8 The Company had filled an application with BSE Ltd. for listing of its equity shares under the direct listing norms. The information memoradum and other related documents have been filed with BSE Ltd. on 29th January, 2014.

9 All assets and liabilities are presented as Current or Non-current as per criteria set out in Revised Schedue VI to the Company''s Act,1956 Notified by the Ministry of Corporate affairs vide Notification No. SO447(E) Dated 28th Feburary,2011 and SO653(E) Dated 30th March,2011. Based on the nature of services rendered by the company, its operations and realization, the company has ascertained its operating cycle of less than 12 months. Accordingly 12 months period has been considered for the purpose of Current / Non-current classification of assets & liabilities.

10 Figures of the current & previous year have been rounded off to the nearest rupees. Figures of previous year have been regrouped & rearranged to make them comparable with the current year''s figures.

---

Mar 31, 2013

1 (a) Details of contingent liabilities as on 31.03.2013 are as under :-

(Amount in Rs.)

Particulars 31.03.2013 31.03.2012

(a) Claims against company not acknowledged as debt 151,200 151200

(b) Counter guarantees provided by company to banks against guarantees given by them - 1593000

(c) Disputed Demand for Income Tax A.Y. 2009-10, Matter under Appeal with CIT(Appeals) Jaipur 384,180 384180

(d) Disputed Demand for Income Tax A.Y. 2010-11 Matter under Appeal with CIT (Appeals), Jaipur 252,760 -

2 Accounting Standard 18 "Related Party Disclosure"

As per Accounting Standard 18, the disclosures of transactions with the related parties as defined in the Accounting Standard are given below:

1. Relationships: -

a) Associate Companies:

- Blossom Holidays (India) Pvt. Ltd.(Formerly Known as Bhandari Toursim Finance Private Limited)

- Academy for Research & Training (India) Pvt. Ltd.

- Harwar Park and Spa Pvt. Ltd.

- Blossom Holidays Pvt. Ltd.

- Cross Country Adventure (A unit of HEPL India Pvt. Ltd.)

- Crystal Park Resorts Pvt. Ltd.

b) Key Management personnel:

- Mr. Bharat Raj Bhandari

- Mr. Kamlesh Bhandari

c) Relatives of Key management personnel and their enterprises where transactions have taken place.

- Mrs. Shaila Bhandari

- Mr. Bharat Raj Bhandari

- Mr. Kamlesh Bhandari

- Mrs. Kanchan Bhandari

- Mrs. Suman Bhandari

- Mrs. Chirali Bhandari

- Mrs. Ranju Bhandari

- Mr. Sagar Mal Bhandari

- Mr. Vipul Bhandari

- Mrs. Abhilasha Bhandari

- Mr. Alok Bhandari

- Mr. Manish Bhandari

- Mr. T.R. Bhandari

- Mrs. Alpa Bhandari

- Mr. Neeraj Bhandari

- Mr. Naveen Bhandari

3 Information in respect of:

(a) Expenses in foreign currency in respect of foreign travel Rs. 2,46,481 (Rs. 1,36,487)

(b) Earning in Foreign Currency:

Travelling ticket and tourism services Rs. 43,87,495/- ( Rs. 31,92,852/-) FOB value of Exports Rs.Nil (Rs.Nil )

(c) Foreign currency traded:

Purchased : Rs. Nil (Rs. Nil) Sold : Rs. Nil (Rs. Nil )

NOTE: - Figure in brackets pertains to previous year.

4 Company has entered into agreement with Harwar Park & Spa (P) Ltd. and Academy for Research & Training (India) (P) Ltd. (companies under the same management) for taking the property of each company on lease; security deposits amounting to Rs. 8,00,000 and Rs.15,00,000 have been paid respectively to these companies.

5 The Company had taken a Key man Insurance Policy of Managing Director Shri Bharat Raj Bhandari which has been surrendered during the year. Amount realised Rs. 25,00,439 hass ben account for as other income.

6 There are no Micro and Small Enterprise to whom the company owes dues on account of principal amount together with interest which are outstanding for more than 45 days at the Balance Sheet date. Such information and that given in "Trade Payables- Note No:-5" regarding Micro and Small enterprises has been determined to the extent such parties have been identified on the basis of information available with the company.

7 Balances of creditors, advances, debtors and other parties are subject to their confirmation.

8 Vehicles valuing Rs.29,81,616/- having W.D.V of Rs.16,84,190/- as on 31.03.2013 are awaiting registration in the name of the company. However, the same has been used exclusively for the purpose of business.

9 All assets and liabilities are presented as Current or Non-current as per criteria setout in Revised Schedue VI to the Company''s Act,1956 Notified by the Ministry of Corporate affairs vide Notification No. SO447(E) Dated 28th Feburary,2011 and SO653(E) Dated 30th March,2011. Based on the nature of services rendered by the company, its operations and realization, the company has ascertained its operating cycle of less than 12 months. Accordingly 12 months period has been considered for the purpose of Current / Non-current classification of assets & liabilities.

10 Figures of the current & previous year have been rounded off to the nearest rupees. The figures of the previous year have been regrouped & rearranged to make them comparable with the current year''s figures.

---

Mar 31, 2012

1 (a) Details of contingent liabilities as on 31.03.2012 are as under :-

(Amount in Rs.)

Particulars 31.03.2012 31.03.2011

(a) Claims against company not acknowledged as debt 151200 140400

(b) Counter guarantees provided by company to banks against guarantees given by them 1593000 1593000

(c) Disputed Demand for Income Tax A.Y. 2009-10, Matter under Appeal with CIT(Appeals) Jaipur 384180 -

(b) Capital commitment for unexecuted work of fixed asset Rs.1,17,250/- (net of advance paid Rs.3,50,000/-)(Previous year Rs. NIL).

2 Accounting Standard 18 "Related Party Disclosure"

As per Accounting Standard 18, the disclosures of transactions with the related parties as defined in the Accounting Standard are given below:

1. Relationships: -

a) Associate Companies:

- Blossom Holidays (India) Pvt. Ltd.(Formerly Known as Bhandari Toursim Finance Private Limited)

- Academy for Research & Training (India) Pvt. Ltd.

- Harwar Park and Spa Pvt. Ltd.

- Blossom Holidays Pvt. Ltd.

- Cross Country Adventure (A unit of HEPL India Pvt. Ltd.)

- Crystal Park Resorts Pvt. Ltd.

b) Key Management personnel:

- Mr. Bharat Raj Bhandari

- Mr. Kamlesh Bhandari

c) Relatives of Key management personnel and their enterprises where transactions have taken place.

- Mrs. Shaila Bhandari

- Mrs. Suman Bhandari

- Mrs. Kanchan Bhandari

- Mrs. Chirali Bhandari

- Mrs. Shalini Bhandari

- Mr. Sagar Mal Bhandari

- Mrs. Ranju Bhandri

- Ms. Sanvi Bhandari

- Mr. Alok Bhandari

- Mr. Manish Bhandari

- Mr. R.R. Bhandari

- Mr. T.R. Bhandari

- Mrs. Alpa Bhandari

- Mr. Naveen Bhandari

- Mrs. Meera Bhandari

3 Information in respect of:

(a) Expenses in foreign currency in respect of foreign travel Rs.Nil (Rs. Nil )

(b) Earning in Foreign Currency:

Travelling ticket and tourism services Rs.31,92,852/- ( Rs.29,37,554/-) FOB value of Exports Rs.Nil (Rs.Nil )

(c) Foreign currency traded:

Purchased: Rs.Nil (Rs.Nil) Sold: Rs.Nil (Rs.Nil )

NOTE: - Figure in brackets pertains to previous year.

4 Company has entered into agreement with Blossom Holidays (INDIA) (P) Ltd., Crystal Park Resorts (P) Ltd., Harwar Park & Spa (P) Ltd. and Academy for Research & Training (India) (P) Ltd. (companies under the same management) for taking the property of each company on lease; security deposits amounting to Rs.0,(Rs.50,00,000),Rs.0,(Rs.21,00,000),Rs. 8,00,000, (Rs.8,00,000) and Rs.15,00,000,(Rs.15,00,000) have been paid respectively to these companies. The agreement with Blossom Holidays (INDIA) (P) Ltd. and Crystal Park Resorts (P) Ltd. has been terminated during the current year.

5 The Company had taken a Key man Insurance Policy of Managing Director Shri Bharat Raj Bhandari coverage under this policy is continuing as on 31.03.2012. Premium for the year amounting to Rs.Nil (Previous Year Rs. Nil/-).

6 There are no Micro and Small Enterprise to whom the company owes dues on account of principal amount together with interest which are outstanding for more than 45 days at the Balance Sheet date. Such information and that given in "Trade Payables- Note No:-5" regarding Micro and Small enterprises has been determined to the extent such parties have been identified on the basis of information available with the company.

7 Balances of creditors, advances, debtors and other parties are subject to their confirmation.

8 Vehicles valuing Rs.29,81,616/- having W.D.V of Rs.19,67,444/- as on 31.03.2012 are awaiting registration in the name of the company. However, the same has been used exclusively for the purpose of business.

9 All assets and liabilities are presented as Current or Non-current as per criteria setout in Revised Schedue VI to the Company''s Act,1956 Notified by the Ministry of Corporate affairs vide Notification No. SO447(E) Dated 28th Feburary,2011 and SO653(E) Dated 30th March,2011. Based on the nature of services rendered by the company,its operations and realization, the company has ascertained its operating cycle of less than 12 months. Accordingly 12 months period has been considered for the purpose of Current /Non-current classification of assets & liabilities.

10 Figures of the current & previous year have been rounded off to the nearest rupees. The figures of the previous year have been reclassified, regrouped & rearranged to make them comparable with the current year''s figure to comply with the requirement of Revised Schedule VI.

---

Mar 31, 2011

1. (a) Contingent liabilities not provided for:

(Rs. in Lacs) AS AT AS AT 31.3.2011 31.3.2010

(i) Claims against company not acknowledged as debt 1.40 1.30

(ii) Counter guarantees provided by company to banks against 15.93 15.93 guarantees given by them

2. Disclosures with regard to mandatory Accounting Standard :- (a) As per accounting Standard 15 "Employee Benefits", disclosure of employee benefits as defined in the accounting standard are given below:

(b) Defined Benefit Plan-

The Company has defined benefit gratuity plan. Every employee who has rendered continuous service of five years or more is entitled to get gratuity at 15 days for each completed year or more subject to provisions of The Payment of Gratuity Act, 1972. Company has invested to meet its such liability with Life Insurance Corporation of India under Group Gratuity Scheme. The liability for the same is recognized as per actuarial valuation by LIC.

Actuarial Assumptions:

Discount Rate : 8% per annum

Mortality : LIC (1994-96) mortality tables

Withdrawal Rate : 1% to 3% depending on age

Salary Escalation : 7%

Valuation Method : Projected Unit Credit Method

The value of plan asset and present obligation at the end of the year is Rs. 18,82,938/- and Rs. 16,71,206/- respectively. The excess of plan asset over present obligation Rs. 2,11,732 (PY Rs. 2,17,538) has been set out as prepaid expenses in Schedule-6.

(A) At present the company is carrying only the activity of tourism business, hence Accounting Standard - 17 "Segment Reporting" is not applicable. Accordingly segment-wise reporting is not given.

(B) Accounting Standard - 18 "Related Party Disclosure"

The company has identified all the related parties having transactions during the year as per details given as under:

1. Relationships: -

a) Associate companies

- Bhandari Tourism Finance Pvt. Ltd.

- Academy for Research & Training (India) Pvt. Ltd.

- Harwar Park and Spa Pvt. Ltd

- Blossom Holidays Pvt. Ltd.

- Cross Country Adventure (A unit of HEPL India Pvt. Ltd.)

- Crystal Park Resorts Pvt. Ltd.

b) Key management personnel

- Mr. Bharat Raj Bhandari

- Mr. Kamlesh Bhandari

c) Relatives of key management personnel and their enterprises where transactions have taken place.

- Mrs. Shaila Bhandari

- Mrs. Suman Bhandari

- Mrs. Kanchan Bhandari

- Mrs. Chirali Bhandari

- Mrs. Shalini Bhandari

- Mr. Vipul Bhandari

- Mr. Sagar Mal Bhandari

- Mrs. Ranju Bhandari

- Ms. Sanvi Bhandari

- Mr. Alok Bhandari

- Mr. Manish Bhandari

- Mstr. R. R. Bhandari

- Mr. T. R. Bhandari

- Mrs. Alpa Bhandari

- Mrs. Meera Bhandari

2. Transactions carried out with related parties referred in (1) above, in ordinary course of business.

4. Information in respect of....

(a) Expenses in foreign currency in respect of foreign travel

Rs.Nil (Rs.Nil /-) (b Earning in Foreign Currency:

Travelling ticket and transport services

Rs. 29,37,554/- (Rs. 19,34,915/-)

FOB value of exports Rs. Nil (Rs. Nil) (c) Foreign currency traded:

Purchased. Rs.Nil (Rs. Nil)

Sold. Rs. Nil/- (Rs.Nil)

NOTE:-Figure in brackets pertains to previous year.

5. Travelling expenses includes Rs. 2,18,248/-(Previous year Rs. 1,59,912/-) incurred by Directors.

6. Receivables include Rs. NIL (Previous year Rs. 4.26 Lacs) due from Company, Blossom Holidays Pvt Ltd, under the same management within the meaning sub section (1-B) of section 370 of the Companies Act, 1956. Company has entered into agreement with Bhandari Tourism Finance (P) Ltd., Crystal Park Resorts (P) Ltd., Harwar Park & Spa (P) Ltd. and Academy for Research & Training (India) (P) Ltd. (companies under the same management) for taking the property of each company on lease; security deposits amounting to Rs. 50 lacs, Rs. 21 lacs, Rs. 8 lacs, and Rs. 15 lacs have been paid respectively to these companies.

7. The Company had taken a Key man Insurance Policy of Managing Director Shri Bharat Raj Bhandari. Premium for the year amounting to Rs.Nil (Previous Year Rs.Nil/-) The coverage under this policy is accounting as on 31.03.2011.

8. There are no Micro, Small and Medium Enterprises to whom the company owes dues on account of principal amount together with interest which are outstanding for more than 45 days at the Balance Sheet date. Such information and that given in "Current Liabilities – Schedule 8" regarding Micro and Small Enterprises has been determined to the extent such parties have been identified on the basis of information available with the company.

9. Balances of creditors, advances, debtors and other parties are subject to their confirmation.

10. Vehicles valuing Rs. 29,81,616/- having W.D.V. of Rs. 22,50,697/- as on 31.03.2011 are awaiting registration in the name of the company. However, the same has been used exclusively for the purpose of business.

11. Figures of Balance Sheet, Profit and Loss account and related Schedules have been rounded off to the nearest rupee. Figures of previous year have been regrouped and rearranged, wherever necessary, to make them comparable.