1) Previous year''s figures have been regrouped / reclassified /
 rearranged / recast wherever necessary. Amounts and other disclosures
 for the preceeding year are included as an integral part of the current
 year financial statements and are to be read in relation to the amounts
 and other disclosures relating to the current year.
 
 2) Balances of the Debtors, Creditors, Advances and balances of
 Deposits are subject to confirmation, reconciliation and adjustments,
 if any. The management does not expect any material difference
 affecting the current year''s financial statements.
 
 3) In the opinion of management, the Current Assets and Advances have
 the value as stated in the balance sheet, if realised in the ordinary
 course of business.
 
 4) There is no outstanding dues of Micro and Small Enterprises
 suppliers as defined under The Micro, Small and Medium Enterprises
 Development Act, 2006.
 
 5) Based on the guiding principles stated in Accounting Standard 17
 Segment Reporting, the management does not recognise any
 distinguishable component of the company that is engaged in providing
 an individual product or service or a group of related products or
 services. Hence the disclosure requirements of AS- 17 in this regard is
 not applicable.
 
 6) Contingent Liabilities:
 
 The company has given Corporate Guarantees of Rs. 3 crore to the Axis
 Bank for its subsidiary Choice Equity Broking Pvt. Ltd. and Rs.1 crore
 to the Axis Bank for its subsidiary Choice Merchandise Broking Pvt.
 Ltd. Since this is a contingent liability no provision has been made in
 the financial statements.
 
 7) The Company has Unclaimed Dividend of Rs. 65,715/- as on 31st March
 2011 (P.Y. Rs. 21,866/-
 representated by the demand drafts issued but not presented in bank.)
 
 8) The management has created a Statutory Reserve of Rs. 6,700,000/-,
 (P.Y. Rs. 5,400,000/-) as per the provisions of Section 45-IC of
 Reserve Bank of India Act, 1934.
 
 9) Related Party Disclosures: 
 
 List of Related Parties -
 
 A. Key Management Personnel  - Kamal Poddar (Managing Director)
    & their relatives 
                                Hemlata Poddar (Non-Executive 
                                Director) 
 
                                Arun Poddar
 
 B. Subsidiaries              - Choice Equity Broking Private 
                                Limited
 
                                Choice Merchandise Broking Private 
                                Limited 
 
                                Choice Insurance Brokers Private 
                                Limited 
 
                                Choice Business Services Private 
                                Limited 
 
                                Choice Capital Advisors Private 
                                Limited 
 
                                Choice Wealth Management Private 
                                Limited
  
                                Choice Realty Private Limited
 
 C. Associates                - Zenu Infotech Limited
 
 D. Individuals owning          Vinita Patodia 
    directly or indirectly      Sunil Patodia 
    interest in voting power    Anil Patodia 
    that gives them control     Archana Patodia
    & their relatives - 
 
 E. Enterprises over which      Sunil C. Patodia HUF 
    (A) & (D) are able to       Anil C. Patodia HUF 
    exercise Significant        S. K. Patodia &
    Influence -                 Associates
                                Hotel Relax Private Limited 
                                S. K. Patodia Advisory Services 
                                Pvt. Ltd.
                                Manbhari Biofuel Private Limited 
                                Upton Infrastructure Private Limited
                                M/s. Shree Shakambhari Exim Aqua 
                                Pumps Private Limited
 
 V. Generic Names of Principle Products / Service of Company:
 
 Name of the Product / Service Non-Banking Finance Company