Background
 
 Almondz Capital & Management Services Limited (ACMS or the Company)
 is a company. The company was incorporated in the year 1991. The
 company is presently listed on the BSE and DSE.  The company got
 registered as NBFC with RBI dated 07-10-2008.  The company is in the
 business of non banking financial services.
 
 1. Corporate Guarantee issued in favour of Axis Bank Limited for Rs.
 30,50,00,000/- for various bank limits granted to Almondz Global
 Securities Limited.
 
 2.  Provision for Tax
 
 b) Current Tax :
 
 The provision for current tax has been arrived at after taking into
 account the brought forward depreciation losses to the extent available
 for set off, and the other exemptions, deductions and disallowances of
 certain expenditure under the Income Tax Act, as may be applicable, on
 the assumption that same would be available in the case of the company.
 
 3.  Gratuity and leave benefit plans : (AS 15 Revised)
 
 The company has a defined benefit gratuity plan. The present value of
 obligation is determined based on actuarial valuation using the
 projected unit method, which recognizes each period of service as
 giving rise to additional unit of employee benefit entitlement and
 measures each unit separately to build up the final obligation. The
 obligation of leave encashment is recognized in the same manner as
 gratuity.
 
 4.  Previous Year figures have been re-grouped / re-arranged wherever
 considered necessary to conform to current years figures.
 
 8.  Segment Reporting
 
 Notes :
 
 a) Primary Business Segments : The Company''s business segments have
 been classified as above.  This business segregation forms the basis
 for review of operating performance by the management.
 
 b) Fees and Commission activities comprises of broking / commission /
 underwriting / arranger fees mainly in the nature of services involving
 no or negligible financial risk.
 
 c) Income from Investments and trading comprises of dividend received
 on shares, interest on Fixed Deposits, Profit on trading activities,
 Profit on sale of Investment & Interest on loan.
 
 d) The accounting policies of the segments are the same, to the extent
 possible, as those described in the summary of significant accounting
 policies as referred to in Schedule ‘13'' to the accounts.
 
 5.  Related Party Disclosures :
 
 A) Names of related parties & description of relationship :
 
 (i) Subsidiaries :
 
 (Entities with which control relationship exists)
 
 a) M/s Moon Orchid Housing Private Limited
 
 b) M/s Meadow Real Estate Private Limited 
 
 (ii) Associates :
 
 a) M/s Almondz Global Securities Ltd.
 
 b) M/s Almondz Insurance Brokers Pvt. Ltd.
 
 c) M/s Almondz Finanz Limited
 
 d) M/s Almondz Commodities Pvt. Ltd.
 
 e) M/s Innovative Money Matters Pvt. Ltd.  
 
 f ) M/s Shiivaz Spas & Hospitality Pvt. Ltd.
 
 (iii) Key Managerial Personnel :
 
 a) Mr. Ramesh Peer - Managing Director
 
 6 . The Ministry of Micro, Small and Medium Enterprises has issued an
 Office Memorandum dated 26 August 2008 which recommends that Micro and
 Small Enterprises should mention in their correspondence with their
 customers the Entrepreneurs Memorandum number as allocated after filing
 of the Memorandum. Based on information received and available with the
 Company, there are no amounts payable to Micro and Small Enterprises as
 at 31 March 2011.