(a) Terms/rights attached to Equity Shares
 
 The Company has only one class of equity shares having a per value of
 Rs. 10/- per share. Each holder of equity share is entitled to one vote
 per share. The company declares and pays dividends in Indian rupees.
 The dividend proposed by the Board of Directors is subject to the
 approval of the shareholders in the Annual General Meeting.
 
 During the year ended 31st March, 2012, the board of directors have not
 proposed any dividend.
 
 In the event of liquidation of the company, the holders of equity
 shares will be entitled to receive remaining assets of the company,
 after distribution of all preferential amounts. The distribution will
 be in proportion to the number of equity shares held by the
 shareholders.
 
 As at March 31, 2012, the company has no outstanding dues to micro
 enterprises and small enterprises/small-scale industrial undertaking to
 the extent such parties have been identified on the basis of
 information available with the company, (previous year Rs. Nil) The
 same has been taken by the auditors as certified by the management.
 
 All investments are long term investments which have been valued at
 cost. The market value of the investments in shares and securities have
 been substantialy eroded due to prevailing depressed market condition.
 The same being temporary in nature, in the opinion of the management,
 no provision for diminution of the value of Long Term Investments
 (Quoted) amounting to Rs. 23,48,105 (previous year Rs. 3,32,227) has
 been made in the books of accounts.
 
 1.  In the opinion of the Board, the current assets, loans and
 advances are approximately of value stated, if realised in the ordinary
 course of business. The provision for all known liabilities is adequate
 and not in excess of the amount reasonably necessary.
 
 2.  Related party disclosure in accordance with the Accounting
 Standard 18 issued by the Institute of Chartered Accountants of India.
 (Related parties and nature of relationship are as certified by the
 management and relied upon by the auditors).
 
 b) Amount written off or written back or provision for doubtful debts
 in respect of debts due from or to related parties is Rs. Nil (Previous
 Year Rs. Nil)
 
 Disclosure in Respect of Material Related party transaction during the
 year:
 
 i) Loan taken during the year from Sri. Ramesh Jhanwar - Director Rs.
 7,00,000 (previous year Rs. Nil) & M/s.  Sagarmal Suresh Kumar Pvt.
 Ltd. Rs. 2,75,000 (previous year Rs. Nil).
 
 ii) Repayment of Loan taken during the year to Sri. Ramesh Jhanwar -
 Director Rs. 7,00,000 (previous year Rs. Nil)
 
 & M/s. Sagarmal Suresh Kumar Pvt. Ltd. Rs. 2,75,000 (previous year Rs.
 Nil). ,
 
 iii) Intgerest paid to M/s. Sagarmal Suresh Kumar Pvt. Ltd. Rs. 3,085
 (previous year Rs. Nil).
 
 iv) Directors Remuneration paid to Sri Sagarmal Jhanwar Rs. 3,60,000
 (previous year Rs. 3,60,000), Sri Ramesh Jhanwar Rs. 3,60,000 (previous
 year Rs. 3,60,000) & Sri. Suresh Jhanwar Rs. 3,60,000 (previous year
 Rs. 3,60,000)
 
 v) Rent Paid to Sri Suresh Jhanwar - Director Rs. 14,400 (previous year
 Rs. 14,400).
 
 3. Travelling & Conveyance Expenses include Director''s travelling
 Rs. 14,63,269 (Previous year Rs. 8,34,916)
 
 4.  Directors remuneration include payment to Whole Time Directors Rs.
 10,80,000 (Previous year Rs. 10,80,000)
 
 5.  Keymen Insurance Rs. 7,05,817 (previous year Rs. 7,05,817) is for
 the payment of insurance for whole time directors.
 
 6.  In accordance with the revised Accounting Standard 15, i.e.
 Employees Benefits, the requisite disclosures are as under :
 
 b) In respect of defined benefit plans, necessary disclosures are as
 under : -
 
 (i) Benefits are of the following types :
 
 Every employee who have completed five years or more of service is
 entitled to gratuity as per the provisions of the payment of Gratuity
 Act, 1972.
 
 Provident Fund as per the provisions of Employees Provident Fund &
 Miscellaneous Provisions Act, 1952.
 
 (ii) As none of the employees have completed the minimum length of
 service as provided in the payment of gratuity Act, 1972 no provision
 for gratuity is required to be made.
 
 7.  Crane hire charges have been shown net after deducting LD charges
 & credit notes, as certified by the management.
 
 8.  Earnings in Foreign Exchange : .  — -
 
 9.  Dividend has been accounted for on cash basis.
 
 10.  Stores & spare parts have been issued to department as and when
 purchased. Closing stock has been asertained on the basis of physical
 verification at the end of the year.
 
 11.  Segment reporting
 
 Segment have identified as per accounting standards as per segment
 reporting (AS 17) taking into account the organisations structure as
 well as diferrential risks and returns of these segments.  The company
 has disclosed Hiring or Equipments, financial services and Commission
 as primary segments.
 
 The Company has secondary segment (geograaphical segment) which being
 insignificant is not disclosed.
 
 Fixed assets used in company''s business or liabilities contracted have
 not been identified to any of the reportable segments, as allocation of
 assets and liabilities to segments is currently not possible.
 
 12.  The financial statement of the year ended 31st March, 2011 has
 been prepared as per the applicable pre revised schedule VI to the
 Companies Act, 1956. Conequent to the notification under the Companies
 Act, 1956, the financial statements for the year ended 31st March, 2012
 are prepared under revised schedule VI. Accordingly, the previous
 year''s figures have also been reclassified to confirm this year''s
 classification.
 
 13.  Contingent liabilities and Commitments (To the extent not provided
 for)
 
 i) Contingent liabilities Rs. Nil (previous year Rs. Nil)
 
 ii) Commitments Rs. Nil (previous year Rs. Nil) .