1.1 Contingent Liabilities :
 
 i.  Bank Guarantee issued by bank on behalf of the Company is Rs. 32.82
 Lacs. Bank Guarantee has been obtained by pledging Fixed Deposit of the
 equivalent amount.
 
 ii.  Suit Filed against the Company by customers under hypothecation
 contract amount to Rs. 11.10 Lacs.
 
 iii. Suit Filed by the Company against the customer under Hypothecation
 contract amount to Rs. 3453.33 lacs.
 
 1.2 INCOME TAX:
 
 Pursuant to the requirement of Accounting Standard 22 on Accounting for
 taxes on Income issued by the Institute of Chartered Accountants''
 India, the Company has made Provision for Income Tax after considering
 both current and deferred taxes.
 
 The implementation of this Accounting Standard has resulted in net
 deferred tax liability of Rs. 283.34 lacs as on 31.03.2012, component of
 which is liability arising out of timing difference on account of
 depreciation on fixed assets.
 
 1.3 SEGMENT ACCOUNTING POLICIES:
 
 Identification of Segments:
 
 Primary Segment: Business Segment:
 
 - The Company''s business is organized around three business
 segments namely, Financial, Money Changing and Wind Power Generation.
 Financial activities consist of granting of loan covered by
 Hypothecation Agreements and Shares & Securities. Accordingly the
 Company has provided primary segment information for these three
 segments as per Accounting Standard 17 on Segment Reporting issued by
 I.C.A.I.
 
 - There is no inter segment transfer.
 
 - All the common income, expenses, assets and liabilities which are
 not possible to be allocated to different segments are treated as
 un-allocable items.
 
 Segment Information
 
 The following table presents segment revenue, results, assets &
 liabilities in accordance with AS-17 as on 31.03.2012
 
 The above particulars, as applicable, have been given in respect of
 MSEs. No party could be identified on the basis of information
 available with the Company and pursuant to amendment of Schedule VI to
 the Act vide Notification dated 16th November, 2007 issued by the
 Central Government
 
 1.4 As required by Accounting Standard (AS -28) on ''Impairment of
 Assets'' issued by the Institute of Chartered Accountants of India, in
 the opinion of the management, the net realizable value of fixed assets
 is in excess of the written down value and there is no significant
 impairment loss in the value of fixed assets appearing in this Balance
 Sheet requiring appropriation/ adjustment in the Accounts.
 
 1.5 In view of the nature of business of the Company, the other
 provisions contained in Part II of Schedule VI of the Companies Act,
 1956 are not applicable.
 
 1.6 Gratuity Plan
 
 The following table set out the status of the Gratuity Plan as required
 under AS 15.
 
 Reconciliation of opening and closing balances of the present value of
 the defined benefit obligation and Plan assets:
 
 a) There has been no change/ movements in number of shares outstanding
 at the beginning and at the end of the reporting period.
 
 b) The company has only one class of issued shares i.e Ordinary Shares
 having par value of Rs.10/- 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 ensuing Annual General Meeting , except in case of
 interim dividend.  In the event of liquidation, the ordinary
 shareholders are eligible to receive the remaining assets of the
 Company after payment of all preferential amounts, in proportion to
 their Shareholding.
 
 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 Ordinary Shares have been reserved for issue under option and
 contracts/ commitments for the sale of shares/ disinvestment as at the
 balance sheet date
 
 f) No Shares has been alloted or bought back by the company during the
 period of 5 years preceeding the date at which the balance sheet is
 prepared
 
 g) No Securities convertible into Equity/ Prefrence Shares issued by
 the company during the year.
 
 h) No calls are unpaid by any director or officer of the company during
 the year.
 
 a) Loan from HDFC Bank Ltd. of Rs. 290,534 is secured against Mahindra
 Xylo D2 and is repayble in monthly installement till 7th June, 2013.
 
 b) Loan from HDFC Bank Ltd. of Rs. 201,086 is secured against Tata
 Indica DLs and is repayble in monthly installement till 51 February,
 2015
 
 c) Term loan from finacial institution of Rs. 23,616,000 IREDA is secured
 against exclusive first charge by way of mortgage in on all the
 borrower''s movable/ immovable properties both existing and future
 pertaining to the project at Dhule and Sangli in Maharastra excluding
 specified movables to be charged to bankers for working capital
 borrowing and further the personal guarantee has been provided by Nand
 Lai Todi, Pawan Kumar Todi and Varun Todi
 
 d) Term loan from Tata Capital Ltd. of Rs. 372,683 is secured against
 Honda City SMT and is repayble in monthly installment till
 August,2013
 
 a) Cash Credit from Allahabad Bank are secured by first charge over the
 book debts and hypothecation agreements executed by the borrower in
 favour of the financer and endorsed in favour of bank and collateral
 security is also been provided in the form of Flat of 89.sq.yard and
 also an office premises measuring 508.10 sq.ft situated at Abdul Aziz
 Road, Karolbagh, New Delhi
 
 a) Stock of vehicle repossessed has been valued and certified by the
 management.
 
 b) Stock of Shares & Securities has been valued on the basis of Cost or
 Fair Value whichever is lower.
 
 c) Stock of foreign currency has been valued on the basis of the last
 day spot rate.