1.  The balances in respect of Sundry Debtors, Current Liabilities and
 Loans and Advances are subject to confirmations and reconciliation if
 any.
 
 2.  In the opinion of Board of directors & Management, the current
 assets, current liabilities, unsecured loans, loans and advances have
 been approximately of the value sated, if realized in the ordinary
 course of business. The provision for depreciation and for all known
 liabilities is adequate and not in excess of amounts reasonably
 necessary.
 
 3.  As the company operates in a single segment engaged in Transport
 service, Accounting Standards 17 on Segment Reporting is not
 applicable.
 
 4.  Related Party Transaction :
 
 As per Accounting standard 18 on related party disclosures:,
 disclosures of transactions with related parties as defined therein are
 given below.
 
 List of related parties with whom transactions have taken place and
 Nature of relationship.
 
 a) Key Management Personnel (KMP):
 
 Mr. Lalit G. Gandhi, - Managing Director
 
 Mr. Kishore Gandhi, - Executive Director
 
 Mrs. Nisha Makwana, - Whole Time Director
 
 Mr. Mohib Khericha, - Non Executive Director
 
 Mr. Sandip M. Shah, - Non Executive Director
 
 Mr. Ajay C. Shah, - Non Executive Director
 
 b) Relatives of KMP
 
 M/s Raman Roadways - Father of Mr. Lalitkumar Gandhi
 
 Transactions with Related Parties during the year :
 
 The following transactions were carried out with the Related parties in
 the ordinary course of Business.
 
 5.  Employee Benefits:
 
 a) Defined Benefit Plan:
 
 No Liability in respect of present future liability of gratuity has
 been ascertained and provided in the accounts (Pre. Yr. - Not
 ascertained and provided for). This is in contravention with the
 accounting standard 15 issued by the ICAI, in respect of accounting for
 retirement benefits.
 
 6.  The companies have not received information''s from the suppliers
 regarding their status under the Micro, small and Medium Enterprises
 Development Act, 2006. Hence, disclosure, if any relating to amount
 unpaid as at the balance sheet date together with interest paid or
 payable as per the requirement under the said act, have not been made.
 
 7.  Investment of the company have been considered by the management to
 be of long-term nature and hence they are valued at cost of
 acquisition. In respect of quoted investments where the market value is
 lower than the acquisition cost, no provision is made for diminution in
 the value of such investments, since in the opinion of the board it is
 a temporary phenomenon and no provision is necessary.
 
 8.  In the opinion of the Board, current assets, loans and advances
 have a value of the least equal to the amounts shown in the Balance
 sheet, if realized in the ordinary course of business. The provision
 for all known liabilities is adequate and not in excess of amount
 considered reasonably necessary.
 
 9.  Figures of the Previous Financial Year 2010-11 have been
 regrouped/ reclassified wherever necessary to conform to the current
 year classification and presentation.
 
 10.  Expenditure incurred on employees who were in receipt of not less
 than Rs.24,00,000/- per year if employed through out the year and
 Rs.200000/- per month if employed for a part of a month - Rs. NIL
 
 11.  Additional information pursuant to the provisions of new schedule
 VI to the Companies Act, 1956 to the extent applicable, is given below
 
 
 (a) Expenditure in Foreign Currency
 
 CIF Value of Income & Expenses - NIL