NOTE : 1 SHARE CAPITAL
 
 a) The Company has not allotted any fully paid up shares pursuant to
 contract(s) without payment being received in cash nor has allotted any
 fully paid up shares by way of bonus shares nor has bought back any
 class of shares during the period of five years immediately preceding
 the balance sheet date
 
 Note : 2 Deferred Taxes:
 
 In accordance with the Accounting Standard 22 (AS-22) Accounting for
 taxes on Income issued by the Institute of Chartered Accountants of
 India the Company has provided for Deferred Tax. Deferred Tax
 Liability/assets up to 31.03.2012 comprising of the following major
 components:-
 
 Note : 3 Contingent Liabilities    
 
                      Current Year        Previous Year
 
                               Nil                  Nil
 
 Note : 4 Previous year figures have been re-grouped and rearranged as
 per requirement of revised Schedule VI of the Companies Act, 1956.
 
 Note : 5 Income tax assessments upto the Assessment Year 2010-2011
 have been completed u/s 143(1).  Liability, if any, will be provided in
 the year of final assessment. vincing evidence
 
 Note : 6 In the opinion of the Management the aggregate values of
 current assets, loans and advances on realisation in ordinary course of
 business will not be less than the amount at which they are stated in
 the balance sheet.
 
 Note : 7 The Company has no dues relating to Micro, Small and Medium
 Enterprises as defined under the Micro, Small and Medium Enterprises
 Development Act 2006 (Act). Therefore no disclosures are given under
 this Act.
 
 Note : 8 Related party disclosures as per Accounting Standard - 18
 
 Related parties transaction during the year ended 31st March 2012 are
 detailed below: 
 
 i) Key Management Personnel and their relatives
 
 - Mr. Madhusudan Chokhani
 
 - Mr. Suresh Kumar Agarwal
 
 - Mr. Vivek Garg
 
 - Mr. J.P. Chokhani
 
 - Mrs. Anita Chokhani
 
 - J. P. Chokhani HUF
 
 - Mrs. Kavita Chokhani
 
 - Mr. Suresh Kumar Goenka
 
 Note : 9 Segment Reporting:
 
 As the Companies business activities falls within a single primary
 business segment i.e. Real Estate/Construction.  The disclosure
 requirement of Accounting Standard (AS-17) ''Segment Reporting'' issued
 by the Institute of Chartered Accountants of India is not applicable.