2011-2012   2010-2011
 
 1. Contingent Liabilities not provided for           NIL         NIL
 
 2. Balances in Debtor''s, Creditors and Deposits accounts are subject to
 confirmation. The adjustments, if any, in respect of such confirmation
 or any consequent scrutiny arising there from, will be made in the
 subsequent year.
 
 3.  In the opinion of the Board of Directors, the current assets, loans
 and advances have a value on realization in ordinary course of
 Business. At least equal to the amount at which they are stated.
 
 4.  Taxation
 
 In compliance with the Accounting Standard (AS) 22 Accounting for
 Taxes on Income the company has provided Income-Tax (MAT) of Rs.
 144081/-. Further the company has recognized net deferred tax expenses
 of Rs. 362765/- (previous year Rs. 501419) in the profit and loss
 account for the year.
 
 5.  Related Party Disclosures:
 
 A.  Relationship
 
 a.  Associate Companies
 
     Parekh Sons Builders Pvt. Ltd.    Parekh Sons Builders Pvt. Ltd.
 
     Maple Communication P. Ltd.       Maple Communication P. Ltd.
 
     Maple Publication P. Ltd.         Maple Publication P. Ltd.
 
     Maple Realtors P. Ltd             Maple Realtors P. Ltd.
 
     Ashmi Parekh & Others             Ashmi Parekh & Others
 
 b.  Directors and their relatives 
 
 
     Atul Parekh                       Atul Parekh
 
     Ashmi Parekh                      Ashmi Parekh
 
     Aditya Parekh                     Aditya Parekh
 
     Nirali Parekh                     Nirali Parekh
 
 6.  Segment Reporting
 
 The company had been engaged in real estate development activities as
 well trading of Transferable development Rights (TDRs). Considering
 real estate development and dealing in TDRs, related to real estates,
 company has only one single segment of real estates and therefore no
 separate segment reporting is furnished.
 
 7.  As per Best estimates of the management, no provision is required
 to be made as per Accounting Standard (AS 29) Provisions, Contingent
 Liabilities and Contingent Assets issued by the Institute of Chartered
 Accountants of India, in respect of any present obligation as a result
 of past event that could lead to a probable outflow of resources, which
 would be required to settle the obligation.
 
 8.  The company had incurred expenditure on overseas market
 development and survey etc. for its Export
 
 business as well for the sourcing of imports for trading in earlier
 years, and part of the expenses were capitalized. The Expenses were
 considered as deferred revenue expenditure and are being written off in
 three installments, from next year, in which incurred. During the year
 an amount of Rs. 315298/- has been written off.
 
 9.  Previous year figures have been re-grouped/re-arranged/re-worked
 wherever necessary. Figures in brackets pertain to previous year.
 
 10.  Schedule A to R form an integral part of the Balance Sheet and
 have been duly authenticated.