The Company has only one class of shares referred to as equity shares having a par value of Rs. 10/- Each Holder of equity shares is entitled to one vote per share and dividend as and when declared by the Company.

In the event of liquidation of the company, the holders of equity shares will be entitled to receive any of the remaining assets of the company, after the distribution of all preferential amounts.

Note : 2

EMPLOYEES BENEFIT: AS-15

As per Accounting Standard 15 "Employee Benefits", disclosure of employee benefits as defined in the accounting standard are given below:

(a) Defined Contribution Plan

Company has made fixed contribution to Provident Fund at predetermined rates to Provident Fund Commissioner of Rajasthan. The obligation of the Company is limited to contribution. Amount recognized as expense in Statement of Profit and Loss for the year is as under:

(b) Defined Benefit Plan-

The Company has defined benefit gratuity plan. Every employee who has rendered continuous service of five years or more is entitled to get gratuity at 15 days for each completed year or more subject to provisions of The Payment of Gratuity Act, 1972. Company has invested to meet its such liability with Life Insurance Corporation of India under Group Gratuity Scheme. The liability for the same is recognized as per actuarial valuation by LIC.

Note : 3

(a) Details of contingent liabilities as on 31.03.2015are as under

(a) Claims against company not acknowledged as debt of Rs. 151,200 (P.Y. 151,200)

(b) Disputed Demand for Income Tax A.Y. 2012-13, Matter under Appeal with CIT(Appeals) Jaipur Rs. 86,000 (P.Y. NIL) Demand adjusted by I.T. department out of refund for A.Y. 2013-14

(c) Disputed Demand for Service Tax For F.Y. 2005-06, Matter under Appeal with CESTAT,

New Delhi of Rs. 9,82,032 (P.Y. Rs. 9,82,032) (Inclusive of Penalty)

(d) Disputed Demand for Service Tax For the period from Oct. 2007 to March, 2010, Matter under Appeal with CEC, Jaipur Rs. 22,62,511 (P.Y. 22,62,511)

Note : In Addition interest may also be payable if case decided against the company.

Note : 4

Accounting Standard 18 "Related Party Disclosure"

As per Accounting Standard 18, the disclosures of transactions with the related parties as defined in the Accounting Standard are given below:

1. Relationships: -

a) Associate Companies/Concerns :

- Blossom Holidays (India) Pvt. Ltd.(Formerly Known as Bhandari Tourism Finance Private Limited)

- Academy for Research & Training (India) Pvt. Ltd.

- Crown Tour and Travels

- Harwar Park and Spa Pvt. Ltd.

- Crystal Park Resorts Pvt. Ltd.

b) Key Management personnel:

- Mr. Bharat Raj Bhandari

- Mr. Kamlesh Bhandari

c) Relatives of Key management personnel and their enterprises where transactions have taken place.

- Mr. Bharat Raj Bhandari

- Mr. Kamlesh Bhandari

- Mrs. Suman Bhandari

- Mrs. Chirali Bhandari

- Mr. Vipul Bhandari

- Mrs. Shaila Bhandari

- Mrs. Abhilasha Bhandari

- Mr. T.R. Bhandari

- Mrs. Alpa Bhandari

Note : 5

Information in respect of :

(a) Expenses in foreign currency in respect of foreign travel Rs. NIL/- (Rs. 2,83,934/-)

(b) Earning in Foreign Currency:

Travelling ticket and tourism services Rs. 28,24,094/-(Rs. 46,06,235/-)

FOB value of Exports Rs. Nil (Rs. Nil )

(c) Foreign currency traded:

Purchased : Rs. Nil (Rs. Nil)

Sold : Rs. Nil (Rs. Nil )

NOTE: - Figure in brackets pertains to previous year.

Note : 6

Company has entered into agreement with Harwar Park & Spa (P) Ltd. and Academy for Research & Training (India) (P) Ltd. (companies under the same management) for taking the property of each company on lease; security deposits amounting to Rs. 8,00,000 and Rs.15,00,000 have been paid respectively to these companies.

Note : 7

There are no Micro and Small Enterprise to whom the company owes dues on account of principal amount together with interest which are outstanding for more than 45 days at the Balance Sheet date. Such information and that given in "Trade Payables- Note No:-5" regarding Micro and Small Enterprises has been determined to the extent such parties have been identified on the basis of information available with the company.

Note : 8

Balances of creditors, advances, debtors and other parties are subject to their confirmation.

Note : 9

The Company's equity share got listed with BSE Ltd. w.e.f. July 4th 2014, under the direct listing norms. The equity shares of the company were listed with Delhi and Jaipur Stock Exchanges. However, the said regional stock exchanges have been closed.

Note : 10

All assets and liabilities are presented as Current or Non-current as per criteria setout in Revised Schedule III to the Company's Act, 2013. Based on the nature of services rendered by the company, its operations and realization, the company has ascertained its operating cycle of less than 12 months. Accordingly 12 months period has been considered for the purpose of Current / Non-current classification of assets & liabilities.

Note : 11

Figures of the current & previous year have been rounded off to the nearest rupees. Figures of previous year have been regrouped & rearranged to make them comparable with the current year's figures.