1 The Company has some pending cases with sales tax and central excise,
 which the company has not acknowledged as debt.
 
 2 Contingent Liability
 
 i.  There are disputed Liabilities on account of Sales Tax amounting
 Rs. 89,11,734/- the matter is stayed in appeal before the appropriate
 appellate authority:
 
 ii. There is disputed Liability on account of Central Excise, amounting
 Rs. 25,00,000/- being penalty as per order No.  18/2009 dated
 30/03/2009 of Commissioner, Central Excise, Delhi received by the
 Company on 16-06-2009. We have been informed by the management of the
 Company that the said demand will be contested in appeal before the
 appropriate appellate authority within the stipulated time allowed as
 per law.
 
 3.  In the opinion of management Current Assets, Loans and Advances
 have a value on realization in the ordinary course of business at least
 equal to that stated in the Balance Sheet.
 
 4.  Capital and other commitments: The estimated amount of contracts
 remaining to be executed on capital account and not provided for as at
 31st March, 2011 aggregate Rs. NIL (Previous Year:- NIL)
 
 5.  Debits and credit balances of suppliers, customers and other are
 subject to confirmation and reconciliation.
 
 6.  Balance in non-operative bank accounts are subject to confirmation
 and reconciliation.
 
 7.  The earning per share basic as well as diluted is Rs. 0.28 per
 share.
 
 8.  Schedule 1-11 form as integral Para of the accounts and have been
 authenticated as such.
 
 9.  Scheme of Amalgamation of M/S Dynamic Movers Private Limited with
 the Company:
 
 a) Pursuant to the approval of the Board of Directors in their meeting
 held on April 1, 2010 and the sanction of the Humble High Court of
 Delhi to the Scheme of Amalgamation, the assets and liabilities of the
 erstwhile Dynamic Movers Private Limited, were transferred to and
 vested in the Company with effect from the appointed date viz. April 1,
 2010 in accordance with the Scheme so sanctioned. The Scheme has
 accordingly, been given effect to in the Accounts of the company.
 Dynamic Movers Private Limited was incorporated to engage in the
 business of transportation.
 
 b) As per the sanction of the Honble High Court of Delhi, the
 amalgamation has been accounted for under the Purchase Method and
 accordingly the assets of Rs. 45,68,13,224.48, liabilities of Rs.
 21,72,87,729.47 and other reserves of the erstwhile Dynamic Movers
 Private Limited as at March 31, 2011 have been taken over at the book
 values erstwhile Dynamic Movers Private Limited aggregating to Rs.
 7,89,76,891.95 have been created to the fxed assets as goodwill of the
 Company.
 
 c) In terms of the Scheme, each shareholder of the erstwhile Dynamic
 Movers Private Limited was entitled to receive 2.12 equity share of Rs.
 10 each fully paid up for every one equity share held by him in the
 erstwhile Dynamic Movers Private Limited as on the record date
 determined for the purpose. Accordingly, 2,11,15,200 shares of Rs. 10
 each fully paid up of the Company have been allotted to the
 shareholders of the erstwhile Dynamic Movers Private Limited. These
 equity shares rank pair passé with the existing equity of the Company.
 
 d) The figures for the previous year do not include figures for the
 erstwhile Dynamic Movers Private Limited and accordingly the current
 years figures are not comparable to those of the previous year.
 
 10 Changes in the Authorized Share Capital of the Company:
 
 a) Increase in Authorized Share Capital:
 
 Pursuant to the Humble High Court of Delhi order passed on November 2,
 2011, the authorized share capital of the Company proposed to increased
 in next financial year from Rs.16,00,00,000 (divided into 1,60,00,000
 equity shares of Rs. 10 each) to Rs. 37,00,00,000 (divided into
 3,70,00,000 equity shares of Rs. 10 each). Further the fresh authorized
 share capital issued of the company 21,00,00,000 (divided into
 2,10,00,000 equity shares of Rs. 10 each) and authorized share
 capital issued of the Dynamic Movers Private Limited
 1,00,00,000(divided into 10,00,000 equity shares of Rs.10 under the
 scheme of amalgamation with Dynamic Movers Private Limited sanctioned
 by the Humble High Court of De
 ''hi (Refer note14 above).
 
 11 Employee Benefit  Disclosures required under Accounting Standard 15
 
 The provision of the Gratuity Act is not applicable to the company. 
 The company does not have any employee more than fve year old.  16.
 Related Party disclosure :
 
 (I) Key Managerial Personnel
 
 (i) Anil Kumar Chaddha Executive Director
 
 (ii) Vineet Arora Executive Director
 
 (II) The list of the concern where related parties are interested :
 
 (a) Euro Financial Services Limited
 
 (b) Ardour Finaman Private Limited
 
 (c) LKG Forex Limited
 
 (d) Consolidated Securities Limited
 
 (e) Key Stone Exim Private Limited
 
 (f) Remax Developers Private Limited
 
 (g) Omkar Buildrop Private Limited
 
 (h) Khera Baba Finlease and investment Private Limited
 
 (i) A. Wargo Farms Private Limited
 
 (j) Ritz Fincap Private Limited
 
 (k) VJ Agritech Private Limited
 
 During the year company has taken unsecured loan of Rupees four lacs
 which was returned in the same year. There were not any other related
 party transactions during the financial year.
 
 12 Previous years figures have been regrouped, reclassified and
 rearranged wherever necessary to correspond with the figures of the
 current year.