1 Actual receipts of foreign currency is Rs.NIL (previous Year
 $.12,91,854/-) which is received as consultancy fees and reimbursement
 of expenses.
 
 2 Foreign currency outflow on travelling and business promotion
 expenses are $.3,68,774 /- (previous year $.69,775/-)
 
 3 Deferred Tax:
 
 In view of no taxable income in the current year and also due to
 uncertainty in future taxable income, the Company has not recorded net
 Deferred Tax Assets of $.67.64 Lacs as on 31.03.2012 (Previous Year
 $.90.17 Lacs) arising on account of timing difference as stipulated in
 Accounting Standard-22 on Accounting for Taxes on Income.
 
 4 As per Certificate obtained from Certified Actuary the company is
 having an excess provision of gratuity to the extent of 1.54 Lacs.
 However, no provision is reversed during the year. As per the
 certificate of Actuary certain previous year figures including
 Experience Adjustment on Plan Liabilities-(Gain)/Loss are not
 available.
 
 5 Segment Reporting
 
 The Company has only one business segment ''''Financing'''' as its primary
 segment and hence disclosure of segment-wise information is not
 required under Accounting Standard 17 - ''''Segmental Information''''
 notified pursuant to the Companies (Accounting Standards) Rules, 2006
 (as amended).
 
 The Company has only one Geographical Segment. The Company caters
 mainly to the needs of the domestic market. The export turnover is not
 significant in the context of total turnover.
 
 6. Related Party Information:
 
 1. Relationship
 
 (a) Key Management Personnel
 
 1 Mr. Yogen Khosla (Managing Director)
 
 2 Mr. Surendra Mahanti (Director)
 
 3 Cdr. K. L. Khullar (Retd.) (Director)
 
 4 Mr. C.R. Sharma (Director, till 01.02.2012)
 
 (b) Relatives of Key Management Personnel
 
 1 Mrs. Anju Khosla
 
 2 Yogen Khosla & Sons HUF
 
 (c) Other Related Parties where control exists:
 
 1 M/s. First Realtors Pvt. Ltd.
 
 2 M/s. Italindian Trade & Financial Services P. Ltd.
 
 3 M/s. I. C. Construction & Services Ltd
 
 4 M/s. Indo Crediop Pvt. Ltd.
 
 5 M/s. Vaibhav Farms Pvt. Ltd.
 
 7 MSME undertakings as defined under the Micro, Small and Medium
 Development Act 2006, to whom the Company owes a sum are Rs. NIL
 Previous year NIL.
 
 8 The Revised Schedule VI has become effective from 1 April, 2011 for
 the preparation of financial statements. This has significantly
 impacted the disclosure and presentation made in the financial
 statements. Previous year''s figures have been regrouped /
 reclassified wherever necessary to correspond with the current year''s
 classification / disclosure.