On the basis of prudence, the company has not recognized deferred tax assets essentially on account of unabsorbed depreciation and carry forward of losses as at 31st March 2015, in the absence of virtual certainty that sufficient future taxable income will be available against which such deferred tax assets can be realised.

2. Dues to Micro, Small and Medium Enterprises

There are no dues to micro and small enterprises as defined in the Micro, Small and Medium Enterprises Development Act, 2006 which are outstanding as at the Balance Sheet date. Further, during the year there were no delays on making the payment to any micro or small enterprise. This information has been determined on the basis of information available with the company. This has been relied upon by the Auditors.

3. Segment Information

The Company is primarily engaged in a single segment business of finance and investment and is governed by risks and returns which are similar. Accordingly, the disclosure requirements in terms of the Accounting Standard on Segmental Reporting (AS-17) as notified under Section 133 of the Companies Act, 2013, are not applicable.

4. Related Party Disclosures :

a) Related parties with whom the Company had transactions during the year:

1) Enterprise controlled by Key Management Personnel & their relative :- N.A.

2) Key Management Personnel :-

Anil Kothari (Director)

3) Relatives of Key Management Personnel :- Manisha Kothari

Vimaladevi Mansukhlal Kothari

5. Director's remuneration Rs Nil (Previous Year Rs Nil).

6. Open interest in Equity Index/Stock Futures as at the balance sheet date is NIL (Previous Year Rs Nil).

7. Option contracts outstanding as on the balance sheet date is NIL (Previous Year Rs Nil).

8. Schedule in terms of paragraph 13 of Non - Banking financial (Non - Deposit accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 is given in Annexure I.

9. Previous Year's figures have been regrouped /reclassified wherever necessary to conform to the current year's classification.

The accompanying notes are an integral part of the financial statements

Notes:

1. As defined in Paragraph 2(1)(xii) of the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998.

2. Provisioning norms shall be applicable as prescribed in the Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007.

3. All Accounting Standards and Guidance Notes issued by ICAI are applicable including for valuation of investments and other assets acquired in satisfaction of debt. However, market value in respect of quoted investments and break up/fair value/NAV in respect of unquoted investments should be disclosed irrespective of whether they are classified as long term or current in (4) above.