Company overview
 
 1. The company is carrying out Infrastructure & Real Estate Development
 activities through its associate Hazoor Township Developers Pvt. Ltd
 (HTDPL) who are operating in the segment of Infrastructure & Real
 Estate Development. The Associate is carrying out the development of
 Housing Project comprising of affordable apartments and convenient
 shopping catering to middle income group in Pune city.
 
 1. Amounts in the financial statements are presented in Rupees and
 figures have been rounded off to nearest rupee wherever applicable.
 
 2.The previous year figures have been regrouped / reclassified,
 wherever necessary to conform to the current presentation.
 
 3.Other operative income of Rs. 188.39 lacs represents surplus on cost
 of Investments in Associates during the Quarter as per AS- 13 
 Accounting for Investments issued by the Institute of Chartered
 Accountants of India (ICAI)/Company (Accounting Standards) Rules, 2006.
 These surplus was recognized as ''Share of Profit from Associates'' in
 Consolidated Financial Statements of the company of earlier years on
 the basis of Equity Method as prescribed in AS – 23  Accounting for
 Investment in Associates issued by the Institute of Chartered
 Accountants of India (ICAI)/Company (Accounting Standards) Rules, 2006.
 
 4.Quantitative Information:
 
 The Company is engaged in the development of computer Software and
 Infrastructure/ Real Estate Developments. Therefore, the provisions of
 clause 3 (ii) of Schedule VI of Part II of Companies Act, 1956 are not
 applicable to the company and hence no quantitative details are given.
 
 5. Income Taxes:
 
 Provisions for current tax is made in view of the Profit for the
 period, in terms of the provisions of the Income Tax Act, 1961.
 
 6.Remuneration Paid/Payable to Directors and other Chief Managerial
 Personnel as per Section 217(2A) of the Companies Act, 1956 read with
 the Companies (Particulars of Employees) Rules, 1975 as amended, the
 number of employees employed for the whole period drawing salary of Rs.
 60,00,000/- per annum or more is NIL and the number of employees
 employed for part of the year drawing salary of Rs.5,00,000/- per month
 or more is also NIL.
 
 7.In the Opinion of Board of Directors, all the
 Current Assets, Loans and Advances have a value on realization in the
 ordinary course of Business at least equal to the amount at which they
 are stated and all the known liabilities as at the end of period have
 been provided for.
 
 8. Segment Reporting:
 
 The company operates in multi segment of Software and Infrastructure/
 Real Estate Developments and accordingly segment wise Result have been
 provided as per Accounting Standards - 17 (AS-17) issued by the
 Institute of Chartered Accountants of India (ICAI)/Company (Accounting
 Standards) Rules, 2006.
 
 9.  Related Party Disclosures:
 
 a) List of Related Parties and Description of Relationships 
 
 i.Promoters Group
 
 M/s. Eaugu Udyog Ltd.*
 
 M/s. Mantra Day Traders Pvt. Ltd.* along with their individuals
 promoter shareholder
 
 M/s. Fortune Point Exports Pvt. Ltd.* along with their individuals
 promoter shareholder
 
 * all the above co-promoters of your company are members of the same
 Group, as that expression is defined in MRTP Act 1969.  
 
 ii. Associates:
 
 Hazoor Township Developers Pvt. Ltd.  
 
 iii. Company under the same Management:
 
 M/s. Hazoor Multi Projects Ltd.
 
 M/s. Hazoor Aambey Valley Developers Pvt. Ltd.  
 
 iv. Key Managerial Personnel:
 
 Mr. Vikas Shukla
 
 Ms. Anjali Modi
 
 Note: Related party relationships are identified by the Company and
 relied upon by the Auditors.
 
 10.  The company has no dues to micro small enterprises during the
 period ended 31st March, 2011.
 
 11. The provisions of payment of Gratuity Act, 1972 are not applicable
 to the company.
 
 12. The provisions of PF / ESIC Act are not applicable to the company.
 
 13.  During the year company has changed its financial year ending from
 31st July to 31st March and accordingly current period comprises of 8
 months ending as on 31st March, 2011.
 
 14.  The Corresponding previous year was comprising of 8 months as the
 financial year ending is changed from 31st July to 31st March,
 therefore figures for the current period is not comparable with
 corresponding period in the previous year 
 
 15.  There is no amount due and outstanding to be credited to Investor
 Education and Protection Fund.