a) The company has one class of issued shares i.e. equity shares having
 par value of Re.i per share. Each holder of ordinary shares is entitled
 to one vote per share and equal right for dividend. The dividend
 proposed by the Board of Directors is subject to the approval of
 shareholders in the ensuing Annual General Meeting.
 
 b) There has been no change/movements in number of shares outstanding
 at the beginning and at the end of the reporting period.
 
 c) The Company does not have any holding company/ultimate holding
 company.
 
 d) Details of shareholders holding more than 5% shares in the company:
 
 e) No shares have been reserved for issue under options and contracts/
 commitments for the sale of shares/ disinvestment as at the balance
 sheet date.
 
 f) No shares have been allotted or has been bought back by the company
 during the period of 5 years preceding the date as at which the Balance
 Sheet is prepared.
 
 g) No convertible securities has been issued by the company during the
 year.
 
 h) No calls are unpaid by any Director and Officer of the Company
 during the year.
 
 a) Term Loan from Tourism Finance Corporation of India Ltd
 
 i.  Nature of Security
 
 A charge by way of hypothecation of all the moveable''s including rides
 and inflatable water slides and sky dance (save and except book debts)
 along with moveable machinery, machinery spares, tools and accessories,
 present and future and also first charge by way of mortgage of
 immovable properties comprising of leasehold rights of land admeasuring
 about 40 acres together with buildings, structures, erections, etc,
 constructed or to be constructed therein in both present or future.
 
 ii.  Terms of Repayment
 
 The total sanctioned loan of Rs.350 lakhs is repayable in 16 quarterly
 installments of Rs.21.875 lakhs starting 15th October 2012 and ending on
 15th July 2016.
 
 b) Car Loan from banks are secured by hypothecation of specific
 vehicles
 
 a) ''Based on the information available with the Company, there were
 no dues during the year to entities covered under Micro, Small and
 Medium Enterprises Development Act, 2006. As a result, no Interest
 provisions / payments have been made by the company to such creditors,
 if any, and no disclosures are required to be made in these
 accounts''.
 
 a) Unpaid Dividend includes an amount of Rs.1.62 lakhs and Rs.1.19
 lakhs relating to the Financial Years 2000-01 and 2001-02 respectively
 which should have been transferred to Investor Education and Protection
 Fund. The company vide its letter dated 30th January,2009 instructed
 the Banker to issue a pay order to Department of Company Affairs,
 Kolkata but the banker did not affect the transaction but apportioned
 the same towards their alleged claim over some other company. The
 company on being advised by their Solicitor, has filed a writ petition
 in the Calcutta High Court praying for directing the banker to remit
 the amount to the said fund. The case as on date is sub-judice.
 Subsequent to that the unpaid dividend for the year 2002-03 amounting
 to Rs.1.18 lakhs lying with the same banker has also become due for
 such transfer.
 
 (b) CAPITAL WORK IN PROGRESS
 
 (c) CAPITAL COMMITMENT
 
 Estimated amount of capital commitment (net of advances) as at 31
 March, 2012 is Rs. 4.11 lakhs (Previous Period Rs. 14.68 lakhs)
 
 (d) LEASEHOLD LAND
 
 Land (leasehold) represents only site development expenses not relating
 to specific building (there being no lump sum payment). These expenses
 are being amortized over the lease period of 33 years from 2nd
 March,1990 , with annual lease rentals being charged to revenue.
 
 a) Loans and Advances to Related Parties include:
 
 Rs 20.00 lakhs (Previous Year Rs Nil) recoverable from M/s Nicco
 Corporation Limited on account of advance payment of mediclaim
 insurance premium & Rs.0.76 lakhs (Previous Year Rs.0.99 lakhs) from
 M/s Nicco Jubilee Park Limited.
 
 a) Trade Receivables more than six months includes an amount of Rs 0.i2
 lakhs (Previous Year Rs Nil/-) receivable from M/s Nicco Engineering
 Services Limited, an associate.
 
 b) Other Receivables includes an amount of Rs 4.i7 lakhs (Previous Year
 Rs Nil/-) receivable from M/s Nicco Jubilee Park Limited, an associate.
 
 a) Repairs & Maintenance includes stores and spares consumed Rsi25.46
 lakhs (Previous Period Rs.80.33 lakhs) (fully indigenous).
 
 b) Project Expenses represent cost of turnkey contract executed by the
 Company and comprises of purchases of components of Rs.18.97
 lakhs(Previous Year Rs.59.33 lakhs), sub-turnkey contract made by the
 company Rs.58.45 lakhs (Previous Year Rs.30.10 lakhs ) and other
 related overhead expenditures of Rs.79.26 lakhs (Previous Year Rs.12.67
 lakhs)
 
 c) Expenditure in Foreign Currency on account of travelling Rs.6.76
 lakhs, Project Promotional Travelling Rs.7.40 lakhs, Project Promotional
 Expenses (Stall charges etc.)Rs.i4.i8 lakhs Advertisement Rs.2.25
 lakhs, Miscellaneous Expenses Rs.0.84 lakhs(Subscription Rs.0.14 lakhs
 and Business Promotion Rs.0.70 lakhs)
 
 1.1 Contingent Liabilities not provided for
 
 Outstanding Bank Guarantee (for WBSEDCL) Rs. 42.51 lakhs (Previous Year
 Rs. 35.81 lakhs).
 
 1.2 Segment Reporting as per Accounting Standard - 17 prescribed under
 the Act.
 
 a) Primary Segment (Business)
 
 The Company runs a Theme and Amusement park rendering services in the
 nature of education and cultural recreation facilities mainly by way of
 sale of Entry and Ride tickets, taken together considered as Park
 Operations. The Company also has income from consultancy,
 contracts, technical know-how fee/royalty, sale of ride components,
 venues and food & beverages. Indirect costs are allocated to park
 operations only as such amount to be attributed to the other segments
 are not readily available. There are no Inter-Segment Revenues during
 the period.
 
 (b) The Company operates predominantly within the geographical limits
 of India. Accordingly, Secondary Segment has not been considered.
 
 1.3 Employee Benefits as per Accounting Standard -15 (Revised)
 
 (a) Defined Contribution Plans
 
 The Company makes contributions to Provident Fund Trust for certain
 employees, at a specified percentage of the employees'' salary. The
 Company has an obligation to make good the shortfall, if any, between
 the return from the investments of trust and the notified interest
 rates.
 
 The Company also makes contributions for remaining employees to a
 Government administered Provident Fund towards which the Company has no
 further obligations beyond its monthly contribution.
 
 (b) Defined Benefits Plans
 
 i) Gratuity
 
 The Company provides for gratuity, a defined benefit retirement plan
 covering eligible employees. Liabilities with regard to the Gratuity
 Plan are determined by actuarial valuation as set out in Note 1.9 (b)
 above, based upon which, the Company makes contributions to the
 Employees'' Gratuity Funds.
 
 ii) Other Long Term Employee Benefits Leave Encashment Benefits
 
 The Company makes provision for the leave encashment liability for
 qualifying employees based on Actuarial Valuation.
 
 The estimate of future salary increase takes into account inflation,
 seniority, promotion and other relevant factors.
 
 The expected return on plan assets is determined after taking into
 consideration composition of the plan assets held, assessed risks of
 asset management, historical results of the return on plan assets, the
 Company''s policy for plan asset, management and other relevant
 factors.
 
 Contribution for a few senior management staff are made to the
 Superannuation Fund maintained by the group company.Necessary
 disclosures, if any, required as per Accounting Standard -i5 (Revised
 2005) on account of the said fund will be made in the financial
 statements of the group Company.
 
 1.4 The Company has changed its accounting year ending from 30th
 September to 3ist March during the previous financial year to make it
 convenient to fall in line with various regulatory requirements. Hence
 figures for the current period are for twelve months and are not
 comparable with the previous year (which are for six months).
 
 1.5 Previous period''s figures have been re-arranged / re-grouped
 wherever necessary.