Basic earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary items, if any) by the weighted average number of equity shares outstanding during the year. Diluted earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary items, if any) by the weighted average number of equity shares considered for deriving basic earnings per share since the company have not issued any securities which can be potential equity shares.

NOTE 2. BEING PART OF NOTES ON ACCOUNTS

Particulars of employees who are in receipt of Rs. 60,00,000 per annum when employed throughout the financial year or Rs. 5,00,000 per month when employed for the part of year : Nil (2013-14 : Nil).

As none of the employee is covered by the eligibility criteria hence no provision for the retirement benefit has been made.

NOTE 3. BEING PART OF NOTES ON ACOUNTS

There has been no prior period or extra ordinary item of income or expenditure which has been entered in the books of accounts during the year.

NOTE 4. BEING PART OF NOTES ON ACOUNTS

Current income tax expense comprises taxes in income from operation for the period. Income tax payable is determined in accordance with the Income Tax Act, 1961.

Deferred Tax expense or benefit is recognized on timing difference between taxable income and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

Deferred tax asset and liabilities are measured using the tax rates and tax laws that have been enacted or substantively enacted by the balance sheet date.

NOTE 5. BEING PART OF NOTES ON ACOUNTS

In accordance with Accounting Standard 22 " Accounting for Taxes on Incomes" notified under the Companies Act, 2013 by the Central Government, the timing difference have resulted in net deferred tax Asset of Rs 1,88,063/- as the year end 31st March, 2015.

NOTE 6. BEING PART OF NOTES ON ACOUNTS

The Company is a Small and Medium-sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 2013. Accordingly, the Company has compiled with the Accounting Standards as applicable to a Small and Medium-Sized Company.

NOTE 7. BEING PART OF NOTES ON ACOUNTS

The Company has not received any intimation from "suppliers" regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence, the following disclosures under the said Act have been shown as Nil.

NOTE 8. BEING PART OF NOTES ON ACOUNTS

Related Party disclosures, as required in terms of Accounting Standard (AS) 18 are given below :

Relationships :

A) Individuals having voting power with control or significant influence :

i) Shri Amit Mittal ii) Shri Rakesh Kumar Mittal iii) Shri Ashok Kumar Mittal iv) Shri Anil Kumar Agarwal

B) Relatives of Key Management Personnel, where transaction have taken place :

i) NIL

C) Associate Companies owned by Directors or Major Shareholders :

i) NIL Note : Related party relationships are as identified by the Company and relied upon by the Auditors.

NOTE 9. BEING PART OF NOTES ON ACOUNTS

Preliminary Expenses are being written off over a period of five years.

NOTE 10. BEING PART OF NOTES ON ACOUNTS

Provision, Contingent Liabilities & Contingent Assets :

Estimated amounts of contract to be executed and not provided for as on 31st March 2015 is: Nil (2013-14: Nil) In the opinion of the Board, the assets other than fixed assets and noncurrent investments are approximately of the same value stated, if realized in the ordinary course of business.

NOTE 11. BEING PART OF NOTES ON ACOUNTS

- Earnings in foreign currency Rs. Nil (2013-14 : Nil)

- Expenditure in foreign currency Rs. Nil (2013-14: Nil)

NOTE 12. BEING PART OF NOTES ON ACOUNTS

Previous year's figures have been regrouped wherever necessary. The company has compiled the above accounts based on the revised/Modified schedule III applicable for the accounting period 2014-2015.