1.  In the financial year 2008-09 the Company had restated the Foreign
 Currency Convertible Bonds at the exchange rates prevailing at the year
 end and the difference out of such restatement is transferred to
 Foreign Currency Monetary Item Transaction Difference Account, to be
 written off over a period of three years. Accordingly Previous year
 1/3 of the difference amount was transferred to P & L account.
 Similarly during the year also the same 1/3 of the difference amount
 was transferred to P & L account.
 
 As per the terms of the Offer Circular, Unless the bonds have been
 previously redeemed, repurchased or converted, the company will redeem
 the bonds on December 22, 2011 at their redemption amount calculated
 from the Issue Date giving a yield to maturity of 8.25% p.a. compounded
 semi annually. Out of  million,  million has already been
 converted into Equity Shares in October, 2009.
 
 2.  During the financial year 2010-11 the Company has converted
 31,04,285 Share Warrants into 43,45,999 equity shares of Rs2 at a
 premium of Rs14.26 per share.  Subsequently the number of shares
 increased from Rs8,51,18,736 to Rs8,94,64,735 pursuant to the circular
 resolution dated 7th January 2011 which is passed by the Board of
 Directors of the Company.
 
 During the financial year 2010-11 the company has also forfeited
 7,00,000 partly paid Share Warrants of Rs770 to be converted into Equity
 Shares of Rs10 each at a premium of Rs760. Subsequently the Capital
 Reserve has increased from Rs6,36,88,694 to Rs11,75,88,694 pursuant to a
 resolution of the Board of Directors of the company at the Board
 Meeting held on 1st April 2010.
 
 During the financial year 2010-11 the company has also issued
 3,00,00,000 partly paid Share Warrants of Rs25 each to be converted into
 Equity Shares of Rs2 each at a premium of Rs23 pursuant to the circular
 resolution dated 13th July 2010 which is passed by the Board of
 Directors of the Company.
 
 3.  Detailed information regarding quantitative particulars under part
 II of Schedule VI to the Companies Act, 1956
 
 i) As the turnover of the Company is in respect of supply of food and
 beverages, it is not possible to give quantity–wise details of
 turnover.
 
 4.  The company has not made any provision for Leave Encashment and
 Gratuity to its employees. Leave Encashment and Gratuity are accounted
 as and when payments are made and as such the Liability has not been
 ascertained.
 
 5.  There are no dues to SSI Units outstanding for more than 30 days.
 
 6.  The Closing balances shown under the heads debtors/creditors,
 loans and advances are subject to confirmations as at year end.
 
 7.  Secured Loans:
 
 a) Term Loans from Ratnakar Bank, Loan – I & II of Rs45 crores for
 expansion of existing Clubs and secured by way of mortgage of plot
 lying and hereon constructed thereon forming part of land bearing
 Survey No. 47 & 87 and bearing new city survey No. 723/A, Veera Desai
 Extension Road, Oshiwara, Andheri (West) Mumbai and freehold lands and
 premises situated at the plot of land farming part of land bearing
 survey No. 55/1, Khata No. 144/131(K) KIADB, Deevarabeesanhalli,
 Varthur Hobli, off Sarjapur Road, Bangalore South. The Outstanding
 Balance for the Current year is Rs37,97,81,527 (Previous Year
 Rs42,11,97,021).
 
 b) Term Loans from Saraswat Co Op Bank, Loan of Rs25 crores for
 expansion of existing Clubs and secured by way of mortgage by deposit
 of title deed immovable property being land and building known as Hotel
 Amrutha Castle Constructed on plot of land bearing municipal Nos.
 5-9-16, 5-9-17, SNF 6-9-18 and adjoining plot and land bearing
 municipal Nos. 5-9-19 and 5-9-18/3 situated at Saifabad, Secretarial
 Road Hyderabad solely belonging to the company. The Outstanding Balance
 for the Current year is Rs24,00,50,684 (Previous Year Rs25,29,73,633).
 
 c) Term Loans from Cosmos Bank, Loan – I & II of Rs35 crores for
 expansion of existing Clubs and secured by The Country Club De Goa
 No. 836/1, Anjuna, Bardez, Goa and The Country Club Spring situated
 at C.T.S No. 1104/03 of village Kandivali, Parekh Nagar, Kandivali,
 Mumbai. The Outstanding Balance for the Current year is Rs34,28,63,422
 (Previous Year Rs20,14,35,540).
 
 d) Term Loans from Oriental Bank of Commerce, Loan of Rs25 crores for
 expansion of existing Clubs and secured by The Country Club (EROS
 Regency) situated at land Bearing Killa No. 2,9,10/1,10/2 & 11/4 at
 Village Lakarpur, EROS Regency Township, Surajkund, Faridabad,
 Harayana. The Outstanding Balance for the Current year is Rs25,28,39,034
 (Previous Year Rs NIL).
 
 e) Term Loan from Religare Finvest Ltd, Loan of Rs4.25 Crores for
 expansion of existing Clubs and secured by way of mortgage of Club
 Arzee Limited, Survey No.  623 & 624/2 adujan, Surat, Gujarat. The
 Outstanding Balance for the Current year is Rs4,24,90,208 (Previous Year
 Rs NIL).
 
 f) Equipment Finance loans from Citibank & Saraswat Co-Op Bank Ltd of
 Rs1.42 Crores for Vehicles and the same were secured by way of
 hypothecation of the vehicles.  The Outstanding Balance for the Current
 year is Rs44,14,592 (Previous Year Rs55,70,934).
 
 g) Lease Finance Loan from NOIDA Authority of Rs2.37 Crores for Plot and
 the same is secured against the plot No. N-14, Sector – 18, Noida,
 Uttar Pradesh. The Outstanding Balance for the Current year is
 Rs2,37,43,180 (Previous Year Rs2,37,43,180).
 
 8.  During the year the company has reclassified Membership Refun
 dable A/c from Unsecured Loans to Current Liabilities since these are
 payable within 12 months.
 
 9.  As per AS 17 Segment report, it is difficult to identify segment
 wise profitability and Capital Employed considering that infrastructure
 is common for all the revenue activities of the Company.
 
 10.  During the Current year the company has declared a dividend @ 5%
 on the Equity Shares of Rs2 Face Value. Pertaining to unclaimed
 dividend, no amount is due and outstanding as unclaimed dividend for
 more than seven years to be transferred to Investor Education &
 Protection Fund.
 
 11.  Previous year''s figures have been regrouped wherever necessary.
 
 12.  The figures have been rounded off to the nearest rupee.