1. The Company has initiated the process of obtaining details from
 Sundry Creditors who are registered under the Micro, Small and Medium
 Enterprises Development Act, 2006. To the extent that the Company has
 received information, it has evaluated that there are no amounts due to
 the Creditors who are registered under the said Act beyond the period
 of 45 days.
 
                                            2011-12     2010-11
                                                 Rs          Rs
 2.  Estimated amount of Contracts 
 remaining to be executed on capital      30,00,000   50,00,000 
 account (Net of Advances)
 
 3.  Contingent Liabilities not provided for in respect of:
 
 a) Corporate Guarantee given to Bank of India on behalf of
 
 M/s. Kesar Motels Pvt. Ltd.  9,55,00,000 9,55,00,000
 
 4.  There is no amount due and outstanding to Investors Education and
 Protection Fund.
 
 5.  Income from operations represents invoiced value of goods sold and
 services rendered exclusive of applicable taxes.
 
 6.  In the opinion of Board of Directors of the Company, all the
 current assets, loans and advances have value on realisation of an
 amount at least equal to the amount at which they are stated in the
 Balance Sheet.
 
 7.  As per Accounting Standard -15 -Accounting for Employees benefits
 as defined in the accounting standard, the summarized components of net
 benefit expense recognised in the Statement of profit and loss and the
 funded status and the amount recognised in the balance sheet are given
 herein below:
 
 VII.  Actuarial Assumptions
 
 Discount Rate Current            8%        8%
 
 Salary Escalation                7%        7%
 
 Note: i) Employer''s contribution, Benefits Paid and Past Service Cost
 includes payments made by the Company directly to its past employees.
 
 
 ii) The estimates of future salary increases, considered in actuarial
 valuation, take account of inflation, seniority, promotion and other
 relevant factors, such as supply and demand in the employment market.
 
 iii) The Company''s Gratuity fund is managed by Life Insurance
 Corporation of India. The plan assets under the fund are deposited
 under approved securities.
 
 8.  Related Party Disclosure as required by Accounting Standard - 18
 issued by the Institute of Chartered
 
 Accountants of India: (A) Nature of Relationship
 
 (I) Enterprises in which Key Management Personnel have significant
 influence: 
 
 Kesar Motels Pvt. Ltd.
 
 Lords Inn Hotels and Developers Ltd.
 
 Sai Ram Krupa Hotels Pvt. Ltd.
 
 Lords Oriental Resorts Developers (Silvassa) Pvt. Ltd.
 
 Lords Sai Ma Hotels Pvt. Ltd.
 
 Lords Ishwar Hotels Ltd.
 
 (II) Key Management Personnel: 
 
 Pushpendra Bansal 
 
 Ramesh Bansal
 
 9.  The Company''s only business being hoteliering and since all the
 operations are undertaken in India only, segment- wise information is
 not applicable under Accounting Standard 17 - ''Segmental Information''
 (AS-17) notified by the Companies Accounting Standards Rules, 2006.
 
 10.  During the year ended 31st March, 2012 the Revised Schedule VI
 notified under the Companies Act 1956, has become applicable for
 preparation and presentation of financial statements. The preparation
 of financial statements based on the Revised Schedule VI does not
 impact the recognition and measurement principles followed for
 preparation of the financial statements. However, it has significant
 impact on the presentation and disclosure made in the financial
 statements. The company has regrouped/reclassified the previous year
 figures in accordance with the requirements applicable in the current
 year.