The Company was engaged in manufacturing of capital goods machineries used in manufacturing of Portland Cement, mineral grinding machineries etc. Previously the Company was also manufacturing refractory Cement but the manufacturing activities were closed due to high cost and not having regular demand. The Company is now exploring the possibilities for investing in related new business activities.

2. The balances grouped under sundry debtors, creditors and advances are still under reconciliation and confirmation from respective parties awaited. The final adjustment if any shall be made only after reconciliation.

3. The stock of raw material, semi-finished goods and stores are as per inventory prepared, valued and certified by the management.

4. In the opinion of the management current assets and advances if realized in the ordinary course of business have value of realization at least of the amount at which they are stated in the Balance Sheet.

5. Depreciation on fixed assets has been recalculated during the year based on useful life of the assets as specified in schedule II of the companies Act, 2013. Carrying amount of the assets have either been depreciated over remaining useful of the assets or have been charged to Profit & Loss Account for the year, where remaining useful life of the assets is nil, after retaining their residual value.

6. As per the information available with the company there are no small scale industrial undertaking to whom the Company owed any sum as at 31st, March 2015 and there is no balances outstanding for more than 30 days as at 31st, March, 2015.

7. The Company has decided to pay remuneration of Rs.,00,000/- P.A. to whole-time director which is subject to the approval of shareholders in General meeting.

8. Sundry debtors include Rs. NIL (Maximum balance outstanding any time during the year was Rs.NIL) from the firm and companies in which directors are interested.

9. Income Taxes

A tax expense comprises current, deferred and fringe benefit tax. Current income tax is measured at the amount expected to be paid to the tax authorities in accordance with the Indian Income Tax. Deferred income tax reflect the impact of current year timing differences between taxable income and accounting income for the year and reversal of timing differences of earlier years.

Deferred Tax is measured based on the tax rates and the tax laws enacted or substantively enacted at the balance sheet date. Deferred tax assets are recognized only to the extent that there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be realized. If the Company has carry forwarded unabsorbed depreciation or carry forwarded tax losses, deferred tax assets are recognized only if there is virtual certainty supported by convincing evidence that they can be realized against future taxable profits. Due to uncertainty of income, deferred Tax has not been accounted for as the Company has huge accumulated business losses.

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period. Since there is loss during the year, accumulated losses and unabsorbed depreciation for earlier years the earning per share is negative figure.

10. Segment information for the year ended 31.03.15 terms of AS-17 is not required to be given.

11. Additional information as required under para 5 of Part-II of Schedule III to the Companies Ac, 2013 to the extent applicable to the company is as under:-

b) Value of imports calculated on C.I.F. basis by the Company during the financial year - NIL.

c) Expenditure in foreign currency during the financial year on account of royalty, know-how, professional and consultation fees, interest, and other matters- NIL

d) The amount remitted during the year in foreign currencies on account of dividends with a specific mention of the total number of non-resident shareholders, the total number shares held by them on within the dividends were due and the year to which the dividends related- NIL

e) Earnings in foreign exchange. NIL