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. 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.

During the year the company had issued 92,40,000 Equity Shares on Convertible Shares Warrants.

9,300,000 Equity Shares out of the issued, subscribed and paid up share capital were allotted in the last five year pursuant to the various schemes without payment being received in cash.

During the last five years, the company has alloted 1,500,000 Equity shares were alloted at Rs. 10/- each with a premium of Rs. 62/- each pursuant to the prefrential issue of equity shares.

As per policy of company management, Deferred Revenue Expenditure incurred for Prefrential & Bonuss Issue and increase in Authorised Capital, writen off in five financial year.

Note - 22 " Notes forming part of the financial statements for the year ended 31.03.2015"

Note Particulars

2. Previous year figures have been regrouped, reclassified and recast wherever considered necessary to make them comparable with current year figures.

3. None of the employees of the company were in receipt of remuneration in excess of limits specified under section 217(2A) of the Companies Act, 1956.

4. In the opinion of the Board, all the items of current assets, long term loans and advances and other non current assets have a value on realization in the ordinary course of the business at least equal to the amount at which they are stated.

5. The various balances of long term loans and advances, other non current assets, trade payables, trade receivables and other items of current assets, as well as current and non current liabilities are unconfirmed from the parties concerned.

6. In absence of proper information in respect of trade payables as to their status as Micro, Small and Medium enterprises as defined in the Micro, Small and Medium Enterprises Development Act, 2006, Company is not in a position to state information required

7. In terms of AS-22, company has recognised deferred tax liability/(asset) for the year as follows:

8. Additional information pursuant to part II of schedule VI of the Companies Act 1956 to the extent applicable to the companies as certified by the Director of the company is furnished below

9 Related Party Disclosure: Director has certify that there were no transaction 'with Related Parties, As per Accounting Standard 18 on "Related Party Disclosure" issued by the Institute of Chartered Accountants Of India except the followings :-

10 Income tax provision of Rs. 3.89 Lacs had been made according to the Income Tax Act