1. CONTINGENT LIABILITIES AND COMMITTEMENT

Contingent Liabilities not provided for in respect of Claims against the company not acknowledge as debt on Stamp duty of Rs.47.32 lacs (Previous Year 27.20 lacs).

2. The Company has not received any information / memorandum from the suppliers ( as required to be filed by Suppliers / Vendors with the notified authority under Micro, Small and Medium Enterprises Development Act,2006), claiming their status as Micro Small or Medium Enterprises. Consequently, the amount paid / payable together with interest paid / payable to these parties under the Act is Nil.

3. Impairment of Asset (AS28)

The Management is following the consistent practice of not amortizing Goodwill but is tested for impairment loss. As per the Management there is no impairment loss on any of its assets including Goodwill. Now the company has adopted the policy in which the goodwill will be written off in subsequent 10 years w.e.f. 01.04.2015.

4. Segment Information ( AS 17 )

The primary segment reporting format is determined to be business segments as the company's risks and rates of return are affected predominantly by differences in the segments being operated, Secondary information is reported geographically. Accordingly, the Company has identified " Textiles"," Real Estate Development", "Software development" as the operating segments.

The Company operates only in India and therefore the analysis of geographical segments is limited to Indian operations only.

5. Related Party Disclosures, as required by AS-18 are given below: a Key Management Personnel :

Rakeshchand M. Jain - Managing Director

6. Foreign Currency Transactions

There was no Foreign Exchange transaction during the year.

7. Quarterly financial results are published in accordance with the guidelines issued by SEBI. The recognition and measurement principles as laid down in the standards are followed with respect to such results

8. At the balance sheet date, an assessment is done to determine whether there is an indication of impairment in the carrying amount of the fixed assets. No. impairment loss is determined.

9. Previous year's figures have been rearranged / regrouped wherever necessary.