Current Year      Previous Year
                                        31/03/2012         31/03/2011
 
 1.  Contingent Liabilities:
 
 Interest Tax matters in appeal      Rs. 4,923,788      Rs. 4,923,788
 
 2.  There are no unclaimed matured deposits lying with the company as
 on 31st March, 2012.
 
 3.  No amount is payable lo Small Scale Industrial Undertakings. The
 Company has not received any intimation from suppliers regarding their
 status under the Micro, Small and Medium Enterprises Act, 2006 and
 hence disclosures, if any relating to amounts unpaid as at the yearend
 together with interest paid/payable as required under the Act cannot be
 furnished.
 
 4.  During the year the Company has sold by way of assignment 3675
 cases of loan contract to the Scheduled Banks and Non Banking Financial
 Companies amounting to Rs. 8,731 lacs.
 
 5.  Figures for the previous year have been
 regrouped/rearranged/reclassified wherever considered necessary.
 
 6.  Disclosure of related party transaction
 
 A.  Wholly owned Subsidiary Nupur Finvest Pvt. Ltd.
 
 B.  List of related parties and relationship
 
 RELATED PARTY                     (RELATION)
 
 Key Managerial Personnel
 
 Mr. Sunil Agarwal                 (Managing Director)
 
 Mr. Harish Singh                  (Executive Director)
 
 Mr. Sachin Agarwal                (Whole Time Director)
 
 Mr. Purushottan Agrawal           (Director)
 
 Relative of KMP
 
 Mrs. Raj Agarwal                  (wife of Mr. Purushottam Agrawal)
 
 Mrs. Neetu Agarwal                (wife of Mr. Sunil Agarwal)
 
 Mrs. Shikha Agarwal               (wife of Mr. Sachin Agarwal)
 
 Mrs. Preeti Chauhan               (wife of Mr. Harish Singh)
 
 Mrs. Sushila Devi Chauhan         (Mother of Mr. Harish Singh)
 
 C.  Enterprises over which significant influence exercised by key
 Managerial Personnel/Relatives of Key Managerial Personnel.
 
 
 1. Siyaram Motors Pvt. Ltd.            
 
 2. Spring Infradev Ltd.
 
 3. Siyaram Infrastructure Pvt. Ltd.
 
 4. Helios Aviation Pvt. Ltd.
 
 5. Spring Education Venture Pvt. Ltd.
 
 6. S. E. Micro Housing Finance Ltd.
 
 7. Spring Resorts Pvt. Ltd.  
 
 8.  Spring Communication Pvt. Ltd.
 
 9.  Natansh Pvt. Ltd.  
 
 10.  Ujala Securities Pvt. Ltd.
 
 11.  Deepesh Consultancy Pvt. Ltd. 
 
 12. Stellar Constellation Pvt. Ltd.
 
 13. Blessing Builders Pvt. Ltd.  
 
 14. Eastern Star Infradev Pvt. Ltd.
 
 15. Asset# Infrahomes LLP 
 
 16. Athens Computer Technologies Pvt. Ltd.
 
 17. S. E. Homefin Pvt. Ltd.  
 
 18. S. E. Power Ltd.
 
 19. Stellar Spring Projects Pvt. Ltd.  
 
 20. Baba Herbals Pvt. Ltd.
 
 21. Aradhna Infradev Pvt. Ltd.  
 
 22. Balram Retails Pvt. Ltd.
 
 23. Agrim Marketing Pvt. Ltd.  
 
 24. Gajodhari Chemicals Pvt. Ltd.
 
 25. Bhavya Electronics and Networks Pvt. Ltd.  
 
 26. Diamond Infradev Pvt. Ltd.
 
 27. Shri Radhey Govind Infradev Pvt. Ltd.  
 
 28. Aerotech Aviation India Pvt. Ltd.
 
 29. Mor Mukut Infradev Pvt. Ltd.  
 
 30. Aerotech Aviation India Pvt. Ltd.
 
 31. Siyaram Shelters Pvt. Ltd.  
 
 32. Spring Trading Pvt. Ltd.
 
 33. Aanjneya Motor Pvt. Ltd.  
 
 34. Osprey E-Commerce Pvt. Ltd.
 
 35. Dauji Infradev Pvt. Ltd.  
 
 36. RNR Infosolution Pvt. Ltd.
 
 37. Aanjneya Vayusutra Pvt. Ltd.  
 
 38. Sake Buildcon Pvt. Ltd.
 
 39. P. N. Agarwal & Sons 
 
 40. Sunil Agarwal HUF
 
 41. Sachin Agarwal HUF 
 
 42. Harish Singh HUF
 
 
 Notes :
 
 (1) Related party relationship is as identified by the Company on the
 basis of information available with them and accepted by the auditors
 as correct.
 
 (2) No amount has been written off or written back during the year in
 respect of debt due from or to related parties.
 
 (3) Company has entered into transactions with certain parties as
 listed above during the year under consideration. Full disclosures have
 been made and the Board considers such transactions to be in normal
 course of business and at rates agreed between the parties.
 
 (4) The key management personnel and their relatives have given
 personal guarantees and collaterals for loans raised by the Company but
 Company has not provided any guarantee to these persons nor paid any
 consideration for furnishing such guarantees.
 
 7.  Working Capital Borrowings
 
 A. Punjab National Bank: The facilities from Punjab National Bank are
 secured by hypothecation of book debts pertaining to advances. The
 credit facilities are secured by equitable mortgage of two office
 premises and a flat belonging to the Company and equitable mortgage of
 one house and one shop belonging to a Director and his wife, and three
 commercial buildings and land and two flats in the name or the
 guarantors and personal guarantee of directors and corporate guarantee
 of the companies who have stood as guarantor.
 
 B. Bank of India: The facilities from Bank of India, is secured by
 hypothecation of book debts pertaining to Microfinance business. The
 credit facilities are secured by equitable mortgage of office premises
 in the name of the guarantor, personal guarantee of directors and
 corporate guarantee of the company who have stood as guarantor.
 
 C.  AXIS Bank Ltd.: The overdraft facilities from AXIS Bank are
 secured.
 
 8.  Term Loans
 
 A.  Small Industries Development Bank of India: Term loan assistance
 secured by hypothecation of book debts, term deposits and equitable
 mortgage of immovable property in the name of guarantors, Personal
 guarantee of directors and corporate guarantee of the Company who has
 stood as guarantor.
 
 B.  Reliance Capital Limited: Term loan assistance is secured by
 hypothecation of book debts, personal guarantee of two directors and
 cash collateral given by the Company.
 
 C. Punjab National Bank: Term loan assistance for on lending to micro
 finance clients is secured by hypothecation of book debts arising out
 of the Bank assistance and personal guarantee of the directors.
 
 D. Central Bank of India: The term loan facility from the Bank is
 secured by exclusive charge on receivables of SME''s, Micro Finance and
 Priority Sector financed by the Company and is secured by lien an
 deposit, Equitable Mortgage of land belonging to the guarantor,
 personal guarantee of directors of the Company and Corporate guarantee
 of the company who has stood as guarantor.
 
 E. Syndicate Bank: Term loan assistance is secured by hypothecation of
 book debts pertaining to micro finance and business loans and personal
 guarantee of the directors.
 
 F. United Bank of India: The term loan facility from the Bank is
 secured by exclusive charge on book debts and is secured by cash
 collateral given by Company in the form of FDR, Equitable Mortgage of
 land belonging to the guarantor, personal guarantee of directors of the
 Company and Corporate guarantee of the company who has stood as
 guarantor.
 
 G. ICICI Bank Ltd.: Term loan assistance for on lending to micro
 finance clients is secured by hypothecation of book debts and personal
 guarantee of the directors.
 
 Terms of Repayment of the above mentioned loan is monthly except BOI,
 UBI and CBI.
 
 9.  Assignment details
 
 A. HDFC Bank:- Assignment transactions are secured by hypothecation of
 book debts. Cash collateral given by Company in the form of FDR and
 personal Guarantee given by the directors of the Company.
 
 B.  IClCI Bank.:- Assignment transactions are secured by hypothecation
 of book debts pertaining to micro finance. Cash collateral given by
 Company in the form of FDR and Personal Guarantee given by the
 directors of Company.
 
 C.  Punjab National Bank:- Assignment transactions are secured by
 hypothecation of book debts pertaining to micro finance, cash
 collateral given by Company in the form of FDR and personal guarantee
 given by the Directors of the Company.
 
 D.  Reliance Capital Limited:- Assignment transactions are secured by
 hypothecation of book debts, personal guarantee of directors are
 collateral given by the Company.
 
 E.  Development Credit Bank:- Assignment transactions are secured by
 hypothecation of book debts pertaining to micro finance. Cash
 collateral given by Company in the form of FDR and Personal Guarantee
 given by the director of the Company.
 
 F.  Nupur Finest Pvt. Ltd.:- Alignment transactions are secured by
 hypothecation of book debts pertaining to micro finance and personal
 guarantee given by the Directors of the Company.
 
 G. Fullerton India Credit Company Ltd.:- Assignment transactions are
 secured by hypothecation of book debts pertaining to micro finance,
 cash collateral given by Company in the form of FDR and Personal
 Guarantee given by the Directors of the Company.
 
 H. UCO Bank Ltd.:- Assignment transactions are secured by
 hypothecation of book debts. Cash collateral given by Company in the
 form of FDR and Personal Guarantee of the director of the Company.
 
 Terms of Repayment of the above mentioned assignments are monthly.
 
 10. The Scheme of Arrangement under section 391-394 of the Companies
 Act, 1956 (the scheme) to transfer Non-Conventional Energy Division of
 S. E. Investments Ltd. (SEIL) on going concern basis to S. E. Power
 Ltd., (SEPL) w.e.f. 30th Sep., 2010. The appointed date has become
 effective on 21st Dec., 2011 on getting requisite approval and
 completion of necessary formalities.
 
 All the assets and liabilities of the Non-Conventional Energy Division
 of the Company, on the appointed date, have been transferred to SEPL.
 The excess of assets over liabilities relating to Non Conventional
 Energy Division has been adjusted in terms of Scheme against the
 General Reserve of the Company for the amount Rs. 4,063.72 Lacs.
 
 The effect of Demerger pursuant to Scheme sanctioned by the Hon''ble
 Delhi High Court with Appointed and Effective date has been given
 during the current financial year and the incorporation has been done
 in above financial statements as decided by the Management in
 consultation with Statutory Auditors.
 
 11.  Due to demerger of Non Conventional Energy Division there is only
 one segment left i.e. Finance Activities. Hence Segment Reporting is
 not applicable.
 
 Notes:
 
 1.  As defined in Paragraph 2(1) (xiii) of the Non-Banking financial
 companies acceptance of Public Deposits (Reserve Bank) Directions,
 1998.
 
 2.  Provisioning norms shall be applicable as prescribed in the Non
 Banking Financial (Deposit Accepting or Holding) Companies Prudential
 Norms (Reserve Bank of India) Directions, 2007.
 
 3.  All Accounting Standards and Guidance Notes Issued by ICAI are
 applicable including for valuation of investments and other assets as
 also assets acquired in satisfaction of debt. However, market value in
 respect of quoted investments and break up/fair value/NAV in respect of
 unquoted investments should be disclosed irrespective of whether they
 are classified as long term or current in column (5) above.