i.  Related Party Disclosure under Accounting Standard 18 Parties where
 control exists Associate companies: ITC Limited and Russell Credit
 Limited.
 
 Key Management Personnel:
 
 Board of Directors
 
 Mr Nakul Anand
 
 Mr Jehangir J Ghadiali
 
 Mr Anil Baijal
 
 Mr Anil Rajput
 
 Mr H P Ranina
 
 Mr S C Sekhar
 
 Mr K L Thapar
 
 Mr O P Vaish
 
 Corporate Management Committee Members
 
 Mr Raghupati Wahi 
 
 Mr Ghanshyam Arora 
 
 Mr Sidhartha Roy
 
 vi.  Contingent liabilities not provided for:
 
 a.  Guarantee outstanding Rs.1,00,00,000/- (Previous Year
 Rs.1,00,00,000/-).
 
 b.  Claim against the Company not acknowledged as debts Rs.9,93,406/-
 (Previous Year Rs.9,93,406/-) for which Company has initiated a legal
 suit in High Court of Delhi.
 
 c.  Income tax demand of Rs. Nil (Previous Year Rs.10,31,903/-) for
 assessment year 2006-07 for which Company has filed an appeal with
 Commissioner of Income Tax (Appeal).
 
 d.  Service tax demand of Rs.23,61,528/- (Previous Year Rs.23,61,528/-)
 issued by Commissioner of Service Tax for the period from July, 2003 to
 March, 2009 for which Company has filed an appeal with Tribunal
 (Service Tax) and also deposited an amount of Rs.12,00,000/- (Previous
 Year Rs. Nil) under protest.
 
 vii. Sundry debtors include an amount of Rs.46,70,033/- (Previous Year
 Rs.46,70,033/-) representing recoverable from certain customers on
 account of value added tax. Management is confident that the same is
 recoverable either through the process of law or from the said
 customers.
 
 viii.  Capital commitments (net of capital advances) Rs.1,35,03,757/-
 (Previous Year Rs.16,61,440/-).
 
 ix. In terms of the requirements of the Micro, Small and Medium
 Enterprises Development Act, 2006, the Company has continuously asked
 for confirmations. Based on the information available with the Company
 there are no principle/ interest amounts due to micro and small
 enterprises.
 
 x. The Company''s significant leasing arrangements are in respect of
 operating leases for premises. These leasing arrangements which are
 primarily cancellable range between 11 months and 9 years generally, or
 longer, and are usually renewable by mutual consent on mutually
 agreeable terms. The aggregate lease rentals payable are charged as
 Rent under Schedule 15. The minimum lease payments in respects of the
 non-cancellable leases are:
 
 xi.  Segmental Reporting
 
 Business Segments
 
 The primary reporting of the Company has been performed on the basis of
 business segment. The Company has only one reportable business segment,
 which is ''Travel Related Services'' that includes Air Ticketing, Car
 Rentals, Inbound Tourism, Overseas and Domestic Holiday Packages,
 Conferences, Events and Exhibition Management and operates in a single
 business segment based on the nature of the products, the risks and
 returns, the organisation structure and the internal financial
 reporting systems. Accordingly, the figures appearing in these
 financial statements relate to the Company''s single business segment.
 
 Geographical Segments
 
 Secondary Segmental reporting is performed on the basis of the
 geographical location of customers. The operations of the Company are
 confined to India. Accordingly, the figures appearing in these
 financial statements relate to the Company''s single geographical
 segment.
 
 xii.  Previous Year''s figures have been regrouped / re-arranged
 wherever necessary.