2. Figure have been rounded off to the nearest rupee.

3. Balances of some of the Sundry Debtors, Creditors, Loans & Advances are taken as per Books of Accounts and are subject to confirmation from respective parties.

4. Income Tax liability has been worked out as per provisions of Income Tax Act 1961.

5. Quantitative Details of Opening Stock, Purchase, Sales, and Closing Stock of Inventories are not Maintained

6. Expenditure and Earning in Foreign Currency: --Nil--

7. Expenditure incurred on employees who are in receipt of remuneration of not less than Rs. 2400000/-p.a. if employed for a whole year and Rs.200000/- p.m if employed for a part of the year: -Nil

8. In case where voucher and/or supporting are not available it has accepted as per the Books of Accounts maintained by the Assessee that the expenses have been incurred wholly & exclusively for the purpose of business or for creation of assets as the case may be. As explained to us mostly purchase & sales of Agriculture products made in cash and from/ to small farmers, for which proper supporting are not available.

9. The Computation of Net Profit in accordance with section 349 of the Companies Act, 1956 has not been given, as commission by way of percentage of profit is not payable for the year to any of the Directors of the Company.

10. In the opinion of the directors the assets had recoverable value as compared to their carrying cost and therefore no provision is considered necessary.

11. Opening balances have been incorporated from the Balance Sheet audited by erstwhile Auditors.

12. In the opinion of the Board the current assets, loans & advances have a value on realization in the ordinary course of business, at least equal to the amounts at which they stated in the Balance Sheet.

13. The company's bid for acquiring 9.8 Acres of land situated at Ujjain yielded into a letter of Intent No. MPSTC/95/MNG/97/ASSETS/ITU/1384 dated 28/11/1998 from MP Textile Corporation Ltd. In these matter the Company have received order dated 19.01.15 of the High Court of Madhya Pradesh Bench At Indore. Contempt Petition No. 951 of 2014 in the Matter of Alfavision Overseas (India) Ltd, (Petitiner) Versus Mr. Mr. P.K. Dash, The Principal Secretary (Retired), Commerce and Industries Department, (M.P.) (Respondent No.l), Shri Annupam Rajan,Managing Director, M.P. State Textile Corporation respondent No.2 and the respondent No.3 (Shri Mohd. Suleman, the Principal Secretary, Commerce and Industries Department).

Learned senior counsel for the petitioner summits that the matter was twice travelled up to the Hon'ble Court and in view of funding recorded in the earlier Contempt Petition on 10.10.2013 which has been upheld by Apex Court on 07.11.2014, The proposed contemnors are bound to comply the order passed by this court on 29.10.2010 in W.A.No. 676/2007 And Order Dated 10.10.2013 Passed In Contempt Petition No. 590 of 2013 and Hon'ble High Court Of Madhya Pradesh Division Bench Indore, had directed the respondent No. 2 and 3 to comply the order Within A Period Of Two weeks from the dated of receipt of copy of this order and summit a compliance report failing which the contemnors no.2 and 3 shall remain present personally present before this court on the next date of haring (List on 10.02.2015).

On dated 10.02.2015 said contempt petition was listed before the High Court, Shri Annupam Rajan, Managing Director, M.P. State Textile Corporation was present in person and requested for time for compliance of order dated 29.01.10 and 10.10.10.13. The High Court grated one month time for Compliance and directed him and the Principal Secretary, Commerce and Industries Department, (M.P.) to remain present with compliance report on 10.03.2015 failing which, appropriate action will be taken.

In continuation of earlier the said contempt petition No. 951/2014 was listed on 10.03.15 before the High Court. Shri Annupam Rajan, (Managing Director, M.P. State Textile Corporation) was present in person and filed an application for exemption of personal appearance of non-applicant No. 3, Mr. Mohammed Suleman, (Principal Secretary, Commerce and Industries Department, M.P.) has been filed on the ground that some workshop is going on and his presence is required in the workshop on 10th and 11th of March,2015.Considering the aforesaid application The Hon'ble High Court exempted non-applicant No.3 from his personal appearance and directed the non-applicant No. 3 to remain present on next date of hearing on April 15, 2015.

The Chief Secretary, Govt, of M.P is also directed to secure the presence of non- applicant No. 2, Shri. Annupam Rajan, (Managing Director, M.P. state Textile Corporation) and No.3, Mr. Mohammed Suleman, (Principal Secretary, Commerce and Industries Department M.P.) before the Court on next date of hearing. The Company also updates all the information to BSE time to time for all the stakeholder of the company.

Once the company takes control over the title and possession over the said land, whole booking of transaction will take place thereafter.

14. Schedules referred to herein are under the same signature and form an integral part of the Accounts.