1.  Corporate Information
 
 Morgan Ventures Limited is a Public Limited company incorporated under
 the provisions of Companies Act, 1956. The Company is a Non - Banking
 Financial Company registered with Reserve Bank of India. Equity Shares
 of the Company is listed at Bombay Stock Exchange. The Company is also
 engaged in power generation from windmills.
 
 Note :
 
 Punjab National Bank (Large Corporate Branch) Delhi has first charge on
 all moveable and immoveable assets related to 25 Wind Mills known as
 Kanyakumari Wind Farm, Erode Wind Farm, Chennai Wind Farm and
 Coimbatore Wind Farm situated at Tamilnadu and first charge on all
 receivables/payment to be received from Tamil Nadu Electricity Board
 (TNEB).
 
 Term Loans is repayable is 48 monthly installment spreadover 8 years.
 The payment of installment started from 30th April ''2007 and last
 installment is payable in 30th September 2015, rate of Interest was
 14.50% p.a.
 
 2. OTHER INFORMATION
 
 A.  Figures have been rounded off to the nearest rupee and previous
 year figures have been regrouped/ rearranged wherever necessary.
 
 B.  Share Allotment Money receivable from shareholders is subject to
 reconciliation with the share transfer agent.
 
 C.  Disclosure as per Accounting Standard-17 on Segment Reporting
 
 (i) Segments have been identified in line with the Accounting
 Standard-17 on Segment Reporting.
 
 (ii) Segment Revenue, Results and Capital Employed figures include the
 respective amounts identifiable to each of the segments. Unallocable
 expenditure includes expenses incurred at a corporate level which
 relate to the company as a whole.
 
 D.  Related Parties Disclosures are as under: -
 
 I.  Names of related party and nature of related party relationship
 
 i) Subsidiary: Satlej Real Estate Pvt. Ltd., Sudama Technologies
 Private Limited and Satlej Infotech Private Limited(Subsidiary of
 Satlej Real Estate Pvt. Ltd.)
 
 ii) Key Management Personnel & their relatives (also exercising
 significant influence over the Company)
 
 Mrs. Meera Goyal, Managing Director
 
 (Relative Mr. S. C. Goyal, Director of the Company)
 
 Enterprise in which the persons referred in (ii) above alongwith their
 relative''s exercises significant influence:
 
 Goyal MG Gases Private Limited, Dhamwari Power Company Private Limited,
 Hibra Power Private Limited, Peacock Chemicals Private Limited, Morgan
 Infrastructures Developers Private Limited and Morgan Signature Towers
 Private Limited.
 
 E.  Contingent Liabilities:
 
 The Company is in litigation relating to termination of Agreement to
 Sell with Goldendreams Buildcon Private Limited for sale of a plot at
 Aurangabad, part of 5 units of Jhalani Tools India Ltd acquired through
 Court Auction. The claim under dispute is for Specific Performance of
 agreement to sell and interest accrued. Goldendreams Buildcon Private
 Limited has also claimed compensation for alleged loss and damages
 suffered by them which has not been quantified by them. The Directors
 are of the opinion that the Company can protect its interest
 successfully.  Contingent Assets are neither recognized nor disclosed
 in the Financial Statement.