1.  Contingent Liabilities
 
 Claims against the company not acknowledged as Debts : Not
 ascertainable
 
 2.  Loans and advances include an amount of 1,13,83,000/-(Previous Year
 1,13,83,000/-)due from Matra Realty and Developers Ltd (MRDL) on
 account of assignment of the redevelopment projects and '' 1,30,00,000/-
 (Previous Year'' 1,30,00,000/-) from M/s Sigrun Realties Ltd on account
 of development of property. The management has represented that the
 amount due is recoverable.
 
 3.  In the opinion of the Board, the Current Assets, Loans and Advances
 have value on realisation in the ordinary course of business, at least
 equal to the amount at which they are stated in the Balance Sheet.
 
 4.  Balances appearing under sundry creditors, advance received and
 loans and advances are subject to confirmation and reconciliation and
 consequential adjustment, if any, will be accounted for in the year of
 confirmation and/or reconciliation.
 
 5.  The Company recognises gratuity and leave salary expense on payment
 basis and since the company does not have any employee no liability for
 the same has been ascertained and provided in the accounts.
 
 6.  The Company is engaged in the realty business of property
 development and this is the only reportable
 business segment as per the company.
 
 7.  The management was of the opinion that there were no impairment
 indicators that existed as on the balance sheet date. Hence no
 provision for the impairment loss has been done.
 
 8.  Micro, Small and Medium Enterprises in terms of section 22 of the
 Micro, Small and Medium Enterprises Development Act, 2006 have been
 determined to the extent such parties have been identified on the basis
 of information available with the Company and relied upon by the
 auditors. The Company has not received any instruction from suppliers
 regarding their status under the Micro, Small and Medium Enterprises
 Development Act, 2006 and hence, disclosures if any, relating to
 amounts unpaid as at the year end together with interest payable as
 required under the said Act have not been given.
 
 9. Disclosure as per Accounting Standard -18
 
 (a) List of Related Parties
 
 Key Managerial Personnel
 
 Nadim Mohammed Nairn Shaikh
 
 Anupam Anantrai Sanghvi
 
 Suneet Gandhi
 
 Subhash Agarwal
 
 Santa Agarwal
 
 Ravi Kumar Jain
 
 Relatives of Key Managerial Personnel: Nil
 
 Associated Concerns : Ford Realty Pvt Ltd
 
 10.  Previous years figures have been regrouped/re-classified in order
 to conform to current year''s figures.
 
 11.  Balance Sheet and General Business Profile (in terms of Part IV of
 Schedule VI to the Companies Act, 1956) is annexed herewith.