Terms / right attached to equity shares
 
 The Company has only one class of ordinary shares having par value of
 Rs.10 each. Each holder of equity shares is entitled to one vote per
 share. The shares do not enjoy any preferential rights or bear any
 restrictions with regard to distribution of dividend or repayment of
 capital in proportion to their holding.
 
 1. Other Disclosures
 
 1.1 The Financial Statements for the year ended 31st March, 2012 are
 prepared as per Revised Schedule VI to the companies Act 1956.
 Accordingly, the previous period figures have been reclassified to
 conform to this year classification. The adoption of revised Schedule
 VI for the previous period figures does not impact recognition and
 measurement principles followed for preparation of Financial Statements
 
 a) Balances in Loans and advances, TDS certificates Receivables /
 Recoverable, Advance from customers, Sundry Creditors, Advances from
 Customers and Sundry Debtors are subject to reconciliation,
 confirmation and consequential adjustments, if any.
 
 b) In the opinion of the management, the value of Current Assets, Loans
 and Advances, on realisation in the ordinary course of business, will
 not be less than the value at which these are stated in the Balance
 Sheet.
 
 1.2 In the opinion of the Board, the Current Assets, Loans and
 Advances are stated at approximately of the value so stated if realized
 in the ordinary course of business, except unless stated otherwise. The
 Provision for all known Liability is adequate and not in excess of the
 amount considered reasonably necessary.
 
 1.3 The company has not made any deposits at the Balance Sheet date to
 the Investors Education and Protection Fund.
 
 1.4 There are no delays in payments to Micro and Small Enterprises as
 required to be disclosed under the Micro, Small and Medium Enterprises
 Development Act, 2006. The above information and that given in Schedule
 11 Current Liabilities regarding Micro and Small Enterprises
 has been determined to the extent such parties have been identified on
 the basis of information available with the company. This has been
 relied upon by the auditors
 
 1.5 Deferred Tax
 
 In compliance with the AS 22 on Accounting for taxes on Income
 issued by the Institute of Chartered Accountants of India, the company
 has provided necessary Income Tax as applicable in accordance with
 provisions of the Income Tax, 1961. The Company has not recognized
 Deferred Tax Asset /Liability during the year.
 
 Comparatives:
 
 Comparative Financial information, presented in accordance with the
 Corresponding Figure Financial Reporting Framework set out in Auditing
 and accounting Standards AS 25 on Comparatives Figures of the
 Previous Year issued by the Institute of Chartered Accountants of
 India, have been regrouped and reclassified wherever necessary to
 correspond to Figures to the Current Year as per New Schedule VI.