1-During the financial year 2015-16, there are not any transactions with any suppliers /parties who are covered under ‘The Micro Small and Medium Enterprises Development Act, 2006’.

2-There were no contracts or arrangements made with related parties during the year under review.

3-The Key Managerial Personnel are the Whole Time Director, CFO and Company Secretary Cum Compliance Officer, whose names are mentioned in the Corporate Governance Report.

4-Pursuant to the enactment the Companies Act, 2013 being effective from 01st April, 2014, the Company has reassessed the useful lives of its fixed assets and depreciation has been charged accordingly in accordance with the provisions of Schedule II of the Act. As a result, an amount of Rs.959,509/- has been adjusted against the opening balance of retained earning being the carrying value of fixed assets whose lives are over as at the said date, in accordance with the Schedule II of the Companies Act, 2013 as at 31.03.2015.

5-Payment to Auditors (Including Service Tax)

6-Additional Information as required under paragraph 5 of Part II of Schedule III to the Companies Act, 2013 to the extent either "NIL" or "Not Applicable "has not been furnished except payment to the Auditors.

7-Contingent liability has not been provided for in respect of Income Tax matters amounting to Rs. 15,23,656/-. The concern matters are under appeal with appropriate authorities on account of dispute raised by Income Tax department. The Company is contesting the same and is of view that the disputed demands will not sustain in view of various legal pronouncements in the related matters.

8-In compliance with the Accounting Standard AS-22 relating to "Accounting for Taxes on Income" issued by The Institute of Chartered Accountants of India, the Company had provided for Deferred tax liability arising out of timing difference. During the year under report, there has been addition to the said deferred tax liability to the extent of Rs.16,112/-on account of difference between Book and Tax Depreciation. Accordingly, the said item has been debited to the Statement of Profit & Loss of the year under report.

9-The Company has one reportable business segments i.e. Trading in Agricultural Commodities and its allied products. The Company operates mainly in Indian market and there are no reportable geographical segments.

10-Certain Debit and Credit Balances are being subject to confirmation.

11-Earnings per share is computed by dividing the net profit or loss for the year attributable to the equity shareholders by the number of equity shares outstanding during the year, as under:

12. In the Opinion of the Board, all the current assets, loans and advances have a value on realization in the ordinary course of business at least equal to the amount stated in the Balance Sheet and all the known liabilities have been provided for ,unless otherwise stated elsewhere in other notes.

13-The Company has shown the units of Mutual Fund ''Arihant Mangal "(Growth Scheme) under the head "Noncurrent Trade Investments". During the year under review the Company has surrendered its units for redemption before the Special Committee constituted by Hon'ble High Court, Delhi, for dispose off the Mutual Fund "Arihant Mangal"(Growth Scheme) in terms of the SEBI regulations and received the payment under its provisional NAV.

14-The figures appearing in the Financial Statements have been rounded off to nearest rupee.

15-Previous year’s figures have been regrouped/ reclassified wherever necessary to correspond with the current year’s classification /disclosure.