a) Reconciliation of number of shares

There is no movement in the share capital during the current and previous year.

b) Rights, preferences and restrictions attached to equity shares :

The Company has one class of equity shares having a par value of Rs. 10/- per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

II. OTHER NOTES:

a) CONTINGENT LIABILITIES AND COMMITMENTS | NIL | NIL '

b) THE DETAILS OF AMOUNT DUE TO MICRO, SMALL AND MEDIUM ENTERPRISES BASED ON INFORMATION AVAILABLE WITH THE COMPANY AND RELIED UPON BY AUDITORS

There are no Micro, Small and Medium enterprises to whom the Company over dues, which are more than 45 dAYS as at 30.03.2015.

This information as required to be disclosed under Micro, Small and Medium Enterprises Development Act 2006 has been determined to the extend such parties have been satisfied on the basis of information available with the Company.

The Company engaged in single business or Car Rental /Tour Operation and single geographical segment accordingly g) Segment information is not required to disclosed pursuant to accounting standard 17 "Segment Reporting".

c) The Balances in sundry debtors, creditors, loans and advances are subject to confirmation.

d) RELATED PARTY DISCLOSURES

(A) NAME OF RELATED PARTIES AND RELATIONSHIP

Name                                   Relationship

1) Mr. Tapan M. Patel                  Key Management Personnel (KMP)

e) During the year the company has changed the method of the depreciation from Written Down Value to Straight Line method with retrospective effect, consequent to the changes made the Companies Act 2013 (herein after referred to as the 'Act') w.e.f. 1/4/2014 and accordingly written back excess depreciation amounting to Rs. 5,37,87,152/- and credited to Profit and Loss Appropriation Account a sum of Rs. 3,63,35,911 Net of Deferred Tax Impact. The Company has also written off net carrying amounts of fixed assets whose useful lives has already expired as on 1/4/2014 , amounting to Rs. 7,39,612/- to Profit and Loss account of the company and the same is included in the Depreciation Charged to Profit and Loss Account of the year as per the transitional provisions contained in the Act.

f) The Board of Directors of the company has determined old balances of Loans Taken amounting to Rs. 596.29 lacs and Creditors amounting to Rs. 2834.10 lacs as no longer payable and written back the same to Profit and Loss Appropriation Account.

g) PREVIOUS YEAR FIGURES

Previous year figures have been regrouped, rearranged and reclassified, wherever necessary to correspond with the current year's classification/disclosure.