Provisions, contingent liabilities and contingent assets

Provisions involving substantial degree of estimation in measurements are recognised when there is a present obligation
as a result of past events and it is probable that there will be an outflow of resources. Contingent Liabilities are disclosed
in the notes. Contingent Assets are neither recognised nor disclosed in the financial statements.

q. Segment reporting

In accordance with Accounting Standard 17 "Segment Reporting" as prescribed under Companies (Accounting Standards)
Rules, 2006 (as amended), the Company has determined its business segment as Engineering , advisary & EPC of Solar
Power Projects and leasing of cars. There are two primary reportable segments, therefore the segment revenue, segment
results, segment assets, segment liabilities and total cost incurred to acquire segment assets are all reflected in the
financial statement.

r. Related Party transactions

Disclosure of transactions with related parties, as required by Accounting Standard 18 of the Companies (Accounting
Standards) Rules, 2006 (as amended). "Related Party Disclosures" has been set out in a separate statement annexed to
this note. Related parties as defined under the said Accounting Standard (as amended) have been identified on the basis
of representations made by management and information available with the Company.

s. Earning Per Share

The Company reports basic and diluted earnings per share (EPS) in accordance with the Accounting Standard 20 as
specified in the Companies (Accounting Standards) Rules, 2006 (as amended). The Basic EPS has been computed by
dividing the income available to equity shareholders by the weighted average number of equity shares outstanding during
the accounting year. The Diluted EPS has been computed using the weighted average number of equity shares and dilutive
potential equity shares outstanding at the end of the year.

t. Taxes on Income

i) Provision for income tax is made on the basis of estimated taxable income for the year at current rates.

Current Tax represents the amount of Income Tax Payable in respect of the taxable income for the reporting period as
determined In accordance with the provisions of the Income Tax Act, 1961.

ii) Deferred Tax

Deferred tax charge or credit is recognized using enacted or substantially enacted rates at the Balance Sheet date.
Deferred tax assets and liabilities are recognised for the future tax consequences of temporary differences between the
carrying values of assets and liabilities and their respective tax bases.In case of unabsorbed depreciation, deferred tax
assets are recognized only to the extent there is virtual certainty of realization of such assets. Other deferred tax assets
are recognized only to the extent there is reasonable certainty of realization of income in future. Such assets are reviewed
as at each balance sheet date to reassess realization._