b) The Company is engaged in single business activity (i.e. Erection, commissioning, supervision, project drawing and designing and Trading of fabricating material, equipment parts, electrical material/components and other material etc.) and there is no separate reportable segment as per AS-17.

c) Pursuant to enactment of the Companies Act, 2013, effective from 1st April 2014, the company has revised the estimated useful life of its fixed assets in accordance with Schedule II of the Companies Act, 2013. Accordingly, an amount of Rs, 35179.00 (net of deferred tax liability Rs, 15731.00) has been adjusted in the opening balance of retained earnings in respect of assets useful life exhausted as at 1st April 2014. Further, the consequential impact of depreciation charged for the current year ended 31st March 2015 is higher by Rs, 358331.00.

d) Management has periodically reviewed the value in use/net realizable value of all its assets and ascertained that the value in use/net realizable value of all its assets at the end of the year is more than the book value after depreciation (amortization), hence no provision for impairment has been made during the year.

e) In respect Branch Office/Permanent establishment at Nepal for execution of job contracted there, the Company has prepared and obtained the audited necessary additional financial statement as on 31st March 2015 in compliance with the local laws and applicable accounting standards. The same are duly incorporated in the overall financial results of the company as if the transactions of the foreign operation have been those of the Company itself. All monetary assets and liabilities are translated by using closing exchange rates, non-

f) The Balance Sheet as on March 31, 2015 and the Statement of Profit and Loss for the year ended March 31, 2015 are drawn and presented as per the new format prescribed under Schedule III to the Companies Act, 2013.

g) Previous year figures have been re-grouped/re-classified where ever necessary to confirm to the current presentation. monetary items carried at historical cost denominated in foreign currency and all revenue and expenses by using average exchange rate prevailing during the period. Exchange differences (if any) arising on conversion are recognized in the Statement of Profit and Loss.

i) RELATED PARTY DISCLOSURES:

During the year, the company has carried out some transactions with the following persons, firms (in which the directors of the company are interested) related to expenditure and other transactions. The details of the same areas under: - A. Related parties and their relationship

1. Key Management Personnel

-Sh. Sunil Chandra (Managing Director)

-Sh. Akshay Chandra (Nonexecutive Director)

-Sh. Chaitanya Chandra (Whole Time Executive Director)

2. Relatives of Key Personnel

-Smt. Kavita Chandra w/o Sh. Sunil Chandra -Smt. Alka Chandra w/o Sh. Sudhir Chandra -Sh. Sudhir Chandra brother of Sh. Sunil Chandra

3. Associate Concerns owned or significantly influenced by key management personnel or their relatives M/s Chanderpur Works Private Limited, Yamuna Nagar M/s Chanderpur Renewal Power Company Private Limited, Yamunanagar M/s Chanderpur Industries Private Limited, Yamunanagar

h) In respect of provision for retirement gratuity benefits to employees, the company has decided to give the benefit out of its own funds and creates the provision of Rs, 180757.00 by charging to statement of profit and loss as accruing liability during the year. Due to few persons being employed in the company, the accruing liability has been calculated as per method on the assumption that such benefits are payable to all the employees at the end of the accounting year, reviewable every year. The total accumulated provision for retirement gratuity benefits to employees as on March 31, 2015 amounts to Rs, 430882.00 (Previous year Rs, 250125.00).

l) Operating Leases:

1. As a Less or: The Company has given certain assets - Land, building and equipment's on operating leases. These lease arrangements range for a shorter period and include cancellable clause and the same are also renewable for further period on mutually agreeable terms and also include escalation clauses.

2. As a Lessee: The Company has taken office premises on operating lease. These lease arrangements range for shorter period and include cancellable clause and the same are also renewable for further period on mutually agreeable terms and also include escalation clauses.