Defined contribuion plans

The Company makes Provident Fund contributions to defined contribution plans for qualifying employees under the schemes. the Company is required to contribute a species percentage of the payroll costs to fund (ha benefits. The Company recognised Rs. 613301/- (Year ended 31 March, 2013 Rs.. 619172/-) for Provide fund contriutions The contributions payable to these plans by the Company art at rates specified in foe rules of the schemes.

2. Related party transactions

Details of related Parties:

Description of relationship                 Names of related parties

Key Management personnel (KMP)              Mr Rajesh Gupta

Description of relationship Nature of tremsactions

Key Management personnel (KMP)          Director Remuneration
                                        Rs. 18,00,000/-

Note: Related partes haw been identified by the Management

3. Details of leasing arrangements

Assets acquired or finance lease mainly comprise land of DVB ash Pond. Adjacent to nagla machi CNG station. Opposlt inderaprastha Park. Ring Road, New Delhi -110059. The leases have a primary period, which is fixed and non-cancellable for a perios of 20 years on renewable basis The Aggrement entered between the company and Delhi Development Authority on 8/8/2000 Payment term of lease rent is set to annually after expiry of first 2 years

Current Years Due Towards Lease rent is Rs. 3350501/-

Previous Years Due Towards Lease Rent was Rs 5650453/-

4. (i) In vfew a! uncertainty evolved, reowtory pursuant to the rule if the court award (decree) by Delh; High Court ate sppoinimeni of Receiver uy German Court with respect to Anbitaration Award against ttie coliaboratiors M/s Dorstener shall he recognized In the accounts on receipt basis as per the provisions of accounting Standard 4, issued by the Institute of chartered Account arts of loan

(ii) Company has filed civil suits for recovery of principal amount ct Rs. lac and interest and other charges thereon.

5. Oeposfis Include Mattenflt Savings Certillcaies, Pwed deposit reoelpis are Intereai accrued mereon

6. Balances ysr^red under Sundry L>eWors. Sundry Cneditcts Current LiahiilieSy BanK BrVmce' & Loans and Advance ndudlng an Capita fwa'.l are subject to confirmation from respective parties & reconcliation

7. No provision has been made in. the accounts for retirement & other benefits available 10 employees as mentioned in AS-16.

8. to To the extent datermipabie ate certified by the- management, there were .no dues payable In Mere. Small œ Me&um Enterprises to tha extant such parties higve been identified on the bas s of infbrmsfim avgiabie witn "da mmpary.

9. The Rovssed Schedule VI nas become effective from 1 April, 2011 (at #¯ preparation ai financial statements. This tree significantly impacted the disclosure and presentation made in (he financial statements P'evfeoa year's figjras base baen regrouped / reciassifiert wbene'ver necessary to correspond with the ourrenl year's dassitiwltoo I disclosure

10. Pioviarors and comiojencies

Estimated valise of contracts remaining to be executed c-rr capjrni account and not provided tra (net at advanced) fts NIL (Previous Veer RsNlL)

11. snars appficatlon mflfwy patelivj aSiolmenl

as pe- order company aptji®j(f for In pnnctiai appioval for siwe alioDmaeut ate nterm oy the "vstetjennent that as per their mail! of BSE company cart direct go for listing. company as return RS 50000000 in 2011 ate now company rt in process to allot shares to Ratna commercial

12. Taxes On income

Provision for income Tax comprises of current ax and deferred tax charge or release. Deferred tax is recogiV2ea. subjedt to consideration of prudence being difference between taxable and accounting income / expentSfere Shat originate :r tjne period and are capable of reversel in one or more subsequent perios(s), Deferred tax assets are recognized as there iS ' Virtual Certainty that sufficient future taxable incokme wl|l be available against which such deferred tax assets will be realized No provision has been made towards income tax for as year in view of operational losses.

13. Leases

Assets acquired on finance lease mainly comprise land of DVB ash pond, Adjacent to nagla machi CNG Station opposit fe&araprasthjsi park ring Road, Haw Delhi 110O5S the leasess have a primary perios winch is feed and non-cancellable tor a period of 20 years un renewable basis The Aggreement entered between the company and Delhi Development Authority on 8/8/2000 Payment term of lease rent is set to annually alter expiry of first 2 years Since the possation was not handed over than a revised aggrement was entered on 4/10/2002 end it become affective on 7/01/2003 so the perios of lease starts form that 7/01/2003.

14. Ernings per share! please ceitulele in Ins profll and toss accouM and after thbt given me p:s;n prion of me EPS) Basic earnings per is computed by diving the profit I {loss) sher lax including the post lax effect of extraordinary llerris, if any} by the weighted average manSer ot equity shares outstanding during fee year. Diluted earning per share is coitwute J by dividing !ha profitl (loss) alter lax (including She post tax affect of e ® Iramdnary ilerris. ii any) as adjustei! fss dividend interest and other charges io expense cr feceme pjiaring to fiie dilutive ptoteriial equity shares by the wsrgtoed average numtier of tsci^lty she: es considered fm cenvng basic earnings per share ana me weighted average number of equity snares which oould have been Issued On fee CooverejOn Of afl dilutive pOtehdai agility SStares. Powotd:' eijjity Shares are dt'®w 15. Segment Ibspcrimg

As miormed 5y fee manassmant, fee same Is not aopecatue to company, as. company has daaith with only on segment during lire yeSi.:' Previous Vtai - NIL fjOgmeffis!

16. Dirsoiors Travelling Expenses

Traveling expenses riclucie expeosa? on dlneckirs haveiirig Rs f,13s(>i- (Prs^tis Veer Ft* 357-^iSr') end foreign travelng oi Re. Hilf-,t Previous vear R*. NiU->

17. Non-current investments

As Informed hy Ihs management, neifeer sny bocSts nor any atfoiied acmuits of Sand 1 ime predgets [India) Ltd & SPIL maemnos ritoc.ufaciiqrers Ltd subsidiary of SAND PLAST irri^sA L10 svailable nen*? consdidatsoh coder aS-21 rot complied by us e a) A tripartite agreement was errte®ed into between she company, pton*otera and co-promoters on 15th 0cSober'2GO7 wtiereby it was agreed So provide for interest @12% par arim*ri anroimling So Rs i ,99.29 œ44/- for the period from Sep3ember'06 to 15tti Octcber'G? on the amount braught-in by co- prumotar* on varioLtfi tfaie& of Re 7.75 cnore However no ptovtsion has been made pending in She accounts as fcrparfite agreement become pari of reftaMtatoon scliente of BIFR. as per Honbfe BIFR order dated 1Z06.2G08 arid an opinion as to Hie applicability of section 5fiA of Hie companies Act'1956. as original agreement dated 10/09/05 ft further tripartite agreement dated l& 10/07 become pan of lefiabilitalion scheme- of BiFR said Modified Draft RehatiitBlson Schema, fifed on 27th April. 2010.

b) Tre Balance sheet cf She ccmpsny refied* arnoum P$, 109 50 He* {Piwclpuh payablee Ip Pnb (one of she secured crediiot of She ccmpany.i*s pc* Modlted Draft Scheme pied cn 2"ih A**i. 2Q1Q by the conpany ie Mon'ble Eifr and PNB a**ea At (tie company purposes so see* walw or infflamt irom PHB for Rs 315.451*®. no prevision e* mad* in lh* Ba^ne* sheas oi it* company for th* sa*d inlerasi th* unprovided miens! with respect so which com*mny propose to approach fhb lor waiver amoirt Rs 215 45 lac* Approval or Modaied Droll RahabHHaHon Scheme it r c) The Balance sheet or lhr company roflecis amounl Rs 294 50 lacs to HftJDCQ (a home* seeded cvditaE of the company) as par Modified Drah Rahabililat ion Schen* lied on 27ih April, 2010 by lha company to Hon'hie BiFR and HUSXQ as 'wall. As she company proposes loseah waiver of :rT1eresl from HUDCO for Rs 3034 15 Ike, no prevision is mado ** the balance sh®l of She company Tor said mteresL The unprovided imerasS with respect to which company proposes to- abroach HUDCO for wawar am®ml Rs 3034.15 Approvals of Modified Dmft RehabiHSErbon Schama is rejected by BIFR"3 Orde* dated 02 09 2011 and appeal againsl Shis cade* Ie filed *n the AAlFR. The staflua of Apsifipaaion made in Hon' AAlFR vide appeal r*o i2/12 The: Status of Appeal is Fendmg tdfcAs mformed by the: managemejtf Shat the HuDGO/PNB has taken physical possesion of be-nsw land m December 2012 has sold dunng F.V 2012-14 bill no cofwiunlcatloh In Shis regard received by Hie company Srwn she lenders in respect of sale corrssderatson ft its Sreatinersi fence we have not considered iria same'while preparing above accounts.