On the consideration of prudence and in the absence of virtual certainty of sufficient future taxable income, the deferred tax asset has not been recognised.

AB: Related Party Disclosures:

I) Key managerial personnel: 1. Kailash Biyani - Promoter (upto March 12, 2014)

II) Relatives of KMP: 1. Kishor Mohatta

AD: During the year, pursuant to the notification of Schedule II to the Companies Act, 2013 with effect from April 1, 2014, the Company revised the estimated useful life of some of its assets to align the useful life with those specified in Schedule II. Further, assets individually costing Rs. 5,000/- or less that were depreciated fully in the year of purchase are now depreciated based on the useful life considered by the Company for the respective category of assets. The details of previously applied rates / useful life are as follows:

Pursuant to the transition provisions prescribed in Schedule II to the Companies Act, 2013, the Company has fully depreciated the carrying value of assets (determined after considering the change in useful life of assets), net of residual value, where the remaining useful life of the asset was determined to be nil as on April 1, 2014, and has adjusted an amount of Rs. 8.38 mn against the opening Surplus balance in the Statement of Profit and Loss under Reserves and Surplus.

The depreciation expense in the Statement of Profit and Loss for the year is lower by Rs. 4.34 mn consequent to the change in the useful life of the assets.

AC. Lease:

The Company has significant operating leases for office premises and go downs. These lease arrangements range for a period between 11 months to 60 months with cancellable clause of 2-3 months.

The aggregate lease rentals payable are charged as Rent in Note V aggregating Rs. 2.10 mn (Previous Year Rs 2.54 mn).

AD. Dues to Micro, Small and Medium Enterprises as per MSMED Act, 2006.

The Company, has during the period, not received any intimation from any of its suppliers regarding their status under the said Act. Based on the above facts, management has decided that none of them are registered under the Said act and hence disclosures, if any, relating to amounts unpaid as at the year end along with interest paid/payable have not been given.

AE. Dues to Micro, Small and Medium Enterprises as per MSMED Act, 2006.

Trade Receivable include 177.07 mn that are outstanding for a period of more than one year. The company is actively pursuing for the reconciliation and recovery of these debts and based on its relationships with these parties expects to recover the outstanding amounts. Accordingly, no provision is considered at this stage.

AF. On 12 March 2105, the Board has approved the sub division of equity shares from Rs 100/- each to Rs 1/- each. The Shareholders have approved the same, through postal ballot on 24 April 2015. The Company is in process of completing the formalities related to BSE.

AG. The preference shares are redeemable after end of 3 years and before the end of 10 years from the date of issue. The management is of the view that these preference shares will be redeemed from fresh issue of capital and accordingly the reserve has not been created.

AH. Previous years figures have been regrouped/reclassified wherever necessary to conform current years classification.