NOTE NO. 1: CORPORATE INFORMATION
 
 The Company was Incorporated on 11.02.1991 and Fresh Certificate of
 Registration from Reserve Bank of India on 20.05.2004 as Non Banking
 Finance Company (Not Accepting Public Deposits). .
 
 At present the Company is engaged in the following activities.
 
 (a) Non Banking Finance activities consisting of Investment activities
 and funding activities.
 
 Note No.: 2 Other Disclosures as per Revised Schedule-VI Contingent
 Liabilities & Commitments
 
 Particulars
 
 (i) Contingent Liabilities
 
 (a) Demand made by Income Tax Authority as follow, against which
 company has preferred appeals.
 
 Assessment Year                     Demand
 
 AY: 1997-98 (Interest Tax)          3,424,442      3,424,442
    
 Advance paid against the demand     2,507,504      2,507,504 
 
 (A) Disclosures under Accounting Standard -15 (Employee Benefits)
 
 Accounting Standard 15 on'' Employee Benefits'' as notified by Companies
 (Accounting Standard) Rules 2006 has been adopted by the company
 effective from April 1,2007.
 
 (a) Defined Contribution Plans:
 
 The Company makes Provident Fund and contributions to defined
 contribution plans for qualifying employees. Under the Scheme, the
 Company is required to contribute a specified percentage of the payroll
 costs to fund the benefits. The contributions payable to these plans by
 the Company are at rates specified in the rules of the schemes. The
 company has recognized the following amounts in the Profit and Loss
 Account for the year.
 
 Return on plan Assets are not recorded since no information made
 available.
 
 The company does not have any further information about fair value of
 plan assets under the plan, accordingly disclosures related to Planned
 assets and underlying assumptions has not been disclosed.
 
 Note No.: 3 Other Disclosures
 
 (a) Disclosures required under Section 22 of the Micro, Small and
 Medium Enterprises Development Act, 2006.
 
 The Company has made payments of dues to Micro, Small and Medium
 enterprises generally within stipulated period of 45 days as prescribed
 under Micro, small and Medium Enterprises Development Act. The Company
 has not made any payment of interest nor provided interest payable if
 any on dues to any supplier.
 
 (b) Earning and expenditure in fore in currency - Rs. NIL.
 
 (c) The Company is not to have a full time Company Secretary during the
 year as required by Section 383A of the Companies Act, 1956, as per
 notification dated 15.03.2009 of the Department of Company affairs. The
 Compliance Report of the Practicing Company Secretary is obtained.
 
 Note No.: 4 Previous year''s figures
 
 (a) The Revised Schedule VI has become effective from 1 April, 2011 for
 the preparation of financial statements. This has significantly
 impacted the disclosure and presentation made in the financial
 statements. Previous year''s figures have been regrouped / reclassified
 wherever necessary to correspond with the current year''s classification
 / disclosure.