1.1 In the opinion of the Board, all the current assets, loans and
advances are approximately of the value stated in the Balance Sheet, if
realized in the ordinary course of the business.
During the year, The Company has sold Investments in cash at par as per
details given below.
1.3 The Company is in process of obtaining confirmation of Balance in
respect of Trade Receivables, Trade Payables, Loans, and Advances etc.
Necessary adjustment, if any, will be made on receipts and
reconciliation of such balance. In view of above, such balances are
stated as per Books of Accounts only.
1.4 The Company has given Rs. 80 Lakhs to Dinesh Aggarwal as advance
against Property on or before 13.06.2011. Similiarly Rs. 2 Crore
advance given to Vijay Kumar Gupta on or before 28.05.2011 against
property of 10 Crore and Vendee agrees to receive the Remaining
consideration 8 Crore on or before 30.09.2011. But the company could
not pay the remaining consideration on time due to insufficient of
funds. The management has requested to vendee to extend the time for
remaining payment & got the same.
1.5 CONTINGENT LIABILITIES: Nil Nil
1.6 SEGMENT REPORTING (AS-17)
As per management, the Company is engaged in two segments NBFC & Infra
Segment Wise, Revenue & Expenditure as on 31st March 2012 (on basis
information provided by the Management)
1.7 RELATED PARTY INFORMATION (AS-18)
A Related Party Relationship
i. Associate Company:
Heena Developers Private Limited
Hitech Computech Pvt Ltd.
CUSP Infra Projects Limited
DMC Institute of Employbility Private Limited
DMC Education Limited
North India Securities Private Limited
Shark Communications Private Limited
Suman Rolling Mills Private Limited
ii. Key Management Personnel:
Tilak Raj Anand
Shri Kishan Gupta
1.8 According to the information available with the company, there is
no amount due to Micro, Small & Medium Enterprises as at 31st March,
1.9 Previous year figures have been reclassified & regrouped wherever