Note Particulars                         31st March.
                                          2012           31st March. 
                                                         2011
                                           (Rs.)           (Rs.)
 
 1.1 Contingent liabilities and 
 commitments (to the extent not
 provided for)
 
 Contingent liabilities
 
 (a) Claims against the Company not 
 acknowledged as debt                        Nil             Nil
 
 1.2 Disclosures required under Section 22 of the Micro, Small and
 Medium Enterprises Development Act, 2006
 
 Dues to Micro and Small Enterprises have been determined to the extent
 such parties have been identified on the basis of information collected
 by the Management. This has been relied upon by the auditor
 
 1.3 Loans granted by the Company are secured or partly secured by
 
 (a) Equitable mortgage of property and / or
 
 (b) Pledge of shares, units, other securities, assignments of life
 insurance policies and / or
 
 (c) Hypothecation of assets and / or
 
 (d) Bank guarantees, Company guarantees or Personal guarantees and / or
 
 (e) Undertaking to create a security
 
 Note: Figures in bracket indicates previous year figures
 
 The company has charged/(reversed) excess provision of Rs. 10,52,525/-
 (Previous Year Rs. 8,14,634/-) during the current year to make up the
 total provisioning of Rs. 53,98,576/- (Previous Year Rs. 43,46,051/-).
 
 1.4 In the opinion of the company, there is only one reportable
 business segment i.e Housing Finance Business Segment geographically
 only located in India for the purpose of Accounting Standard on
 Segment Reporting (AS-17) notified by the Companies (Accounting
 Standards) Rules, 2006
 
 1.5 The following additional disclosures have been given in terms of
 the circular no. NHB/ND/DRS/Pol-No.35/2010- 11 dated October 11,2010
 issued by National Housing Bank:
 
 1.6 The balances appearing under unsecured loans, sundry creditors,
 loans and advances, and certain banks are subject to confirmation and
 reconciliation and consequential adjustment, if any, will be accounted
 for in the year of confirmation and/or reconciliation.
 
 1.7 In the opinion of the Board, assets other than fixed assets do
 have a value on realisation in the ordinary course of business at least
 equal to the amount at which they are stated.
 
 1.8 The company has appropriated a sum of Rs. 8,75,961/- (Previous Year
 Rs. 4,35,400/-) to reserve fund which is in compliance with the
 requirement of section 29C of the National Housing Bank Act, 1987.
 
 1.9 The Company leases office under cancellable operating lease
 agreements that are renewable on a periodic basis at the option of both
 the lessor and the lessee. Rental payments under such leases are Rs.
 9,00,000/- (Previous Year Rs. 8,20,000/-) during the year.
 
 1.10 Since the Company recognises gratuity and leave salary expense on
 payment basis no liability for the same has been ascertained and
 provided in the accounts. Hence, the company has not complied with the
 provisions of AS- 15 Accounting for Retirement Benefit.
 
 1.11 The Revised Schedule VI has become effective from 1 April, 2011
 for the preparation of financial statements. This has significantly
 impacted the disclosure and presentation made in the financial
 statements. Previous year''s figures have been regrouped /
 reclassified wherever necessary to correspond with the current year''s
 classification / disclosures.