1 CONTINGENT LIABILITY
 
 Company has received an Order against an appeal pending before the
 Service Tax Department, Mumbai raised a demand for Rs. 283 thousands as
 Service Tax liability and same amounts towards penalty and interest and
 disallowed all the documents and facts submitted by the Company. The
 company is opted to take necessary steps in the matter to vacate the
 demand and as such no liability provided for in the accounts.
 
 Liability in respect of income tax matter for which the company has
 succeeded in ITAT.  There is no information whether any action thereof
 initialised against by the department.
 
 2 There is no amount outstanding as of small scale and ancillary
 undertakings.
 
 The Company has not received any intimation from suppliers regarding
 status under MSME Act''2006 and hence disclosure regarding, if any
 amount unpaid as at the year end together with interest paid/payable as
 required under the said Act has not been furnished.
 
 3 Sundry Debtors
 
 Sundry Debtors include Rs. 7076 thousands from M/s. Bela Properties (P)
 Ltd.,Rs. 804 thousands from Vasundhara Business (P) Ltd. confirmed by
 the concerned parties and good in nature.
 
 4 The inventories includes shares traded for unquoted as well as
 quoted companies and the unquoted shares are valued at cost and quoted
 shares are valued at cost or market value, which ever is Lower.
 
 
 5 Others Short Term Loans & Advances
 
 Unsecured advances considered good, recoverable in cash or in kind or
 of value to be received includes (a) Rs. 1,217 thousand due from and
 erstwhile director of the company, Rs. 500 thousands from M/s.
 Gurunanak Construction Company, Rs. 1049 thousands fro M/s KIC
 Resources Ltd., Rs. 30,000 thousands from B.R. Machines Tools Private
 Limited were confirmed and good in nature, and a sum of Rs. 131
 thousands from M/s. Kshitiz Agro Products (P) Ltd is due towards
 interest receivables.
 
 6 Employees Retirement Benefits
 
 Liability for Gratuity has not been provided in the accounts
 considering the materiality, VRS, if paid is charged to revenue in the
 year of payment.  
 
 7 The company is a member of OTC Exchange but no trading operation was
 carried out through the OTCEI. As there is no trading terminal with the
 company, the share trading operations were carried out with other
 broker member.
 
 8 Sale and purchase comprise of sale and purchase price of the shares
 have been accounted for on accrual basis. Income from sale of un-quoted
 equity shares are recognised on the basis of sale bills.  Other income
 includes income from dealing in property business. The Company has
 entered into an agreement with private limited companies to accomplish
 dealing into property business to earn income during the year under
 report.
 
 9 Segment Reporting
 
 The primary segment of the Company mainly consists of investments &
 trading in quoted and unquoted equities, broking or sub-broking. The
 company has not done any broking or sub- broking activity during the
 year under report. The Company operates only in India which is the only
 reportable geographical segment. There being no secondary reportable
 segments, no segmental information has been provided.
 
 10 The Company has not obtained any deposits from public. Hence,
 provision for registration as NBFC as per Non Banking Financial
 Companies (RBI) Directions 1997, is not applicable.