1) Previous year fiQures have been re-grouped and rearranged wherever
 necessary for proper presentation of accounts
 
 2) Sundry debit and credit balances of loans and advances are subject
 to confirmation and reconciliation, if any. As per view of management
 the same are shown at realisable value and necessary precaution of
 action and realisable value has been taken care of.
 
 3) As informed to us, and on verification of record there is contingent
 liabilities relating to Guarantee given to Jamrnu Kashmir Bank foi
 Granting facilities to R R J.Dyes and Intermediates Limited. Company
 has afso given Guarantee to Corporation bank for granting limits to
 Vibrant Polymers Limited in both the Companies Director Shn R.B.Shah is
 also director Company has not taken any counter Guarantee or Guarantee
 Commission from RRJ Dyes Limited or Vibrant Polymers Limited
 
 4) Auditors Remuneration relating to audit work Rs 29000/- (Previous
 Year Rs.  25000/-) is provided at the end of year
 
 5) During the year remuneration is paid to Director SnU Rita Rajendra
 Shah as per terms of Appointment amounting to Rs. 204000/- {P.Y Rs.
 204000A).
 
 6) As Certified by the Directors ail amounts in the Balance Sheet
 relating to Sundry Debtors. Sundry Creditors, Unsecured Loans Deposits.
 Loans and advances are shown at net realisable or net payable as the
 case may be
 
 7} Income in Foreign Currency is NIL NIL.
 
 8) Expenditure in Foreign Currency is NIL
 
 9) Closing Stock is accounted in the books as taker valued and
 certified by Directors and Authorised Person''s of the Company
 
 10)Companys Profitability is affected doe to non recovery of disputed
 finance to other parties and investment in shares of concerns in which
 directors are interested. As informed to us Finance Charges of current
 year as well 3 5 past years are not realisable and as per guidelines of
 RBi for NBFC income is a acounted on the basis of realisation only Ihe
 same are not accounted to comoty with r ules of RBt
 
 11) Company has received NBFC registration During the year However
 Company has accepted and repaid the deposits / loan received from
 others. At the end of year outstanding loans or deposits are either
 from Duectors or concerns in which Directors are interested or Inter
 Corporate Deposits. These deposits need confirmation and explanation
 and penod for which deposits are given by the deposits holders In all
 transactions it is difficult to bifurcate loans / deposits as the
 Company is also paying interest on these advances taken and maintaining
 account of deposit holders like cunent account and paying interest on
 daily balance basis in few cases. Hence provisions of section 58 of Ihe
 companies Act, 1956 are not complied with fully
 
 12) RELATED PARTY DISCLOSURE FOR THE YEAR ENDING 31-03-2012
 
 (i) Associate                 : Akash Agro Industires Ltd
                                 Rajendra B Shah-HUF
                                 R.R Consultancy
 
 (ii) Key Management Personnel : Smt Rita R Shah
                                 Mr RB Shah
 (iii) Relatives of key 
 Management Personnel          : Vasuben B Shah
                                 Birju R Shan
                                  Rlrna R. Shsih
 
 13) In optmon of the management, the Company has not separate reportable
 segment Hence disclosure under Accounting Standard-17 Segment
 Reporting issued by ICAI is not given.