The long term portion of term loan is shown under long term borrowings and current maturities of the long term borrowings are shown under the current maturities as per the disclosure requirements of the Revised Schedule III.

- Details of Securities and Terms of Repayments: I. Secured Loan

(a) (i) Allahabad Bank (A/c No. 50138526820), Worli, Mumbai

Term Loan of Rs. 1.50 Crores sanctioned by the Bank for the purpose of working capital and the said Loan against property which was to be repaid in 84 equal monthly installments, at interest @ 16% (base rate 5.5%). was fully repaid on 18.12.2014. The details of the poperties mortgaged with the Bank were under:

(1) Office no. B-4C, B-Wing at New Udyog Mandir-2, Mogul Lane, Mahim (West), Mumbai-400016 which belongs to the Company.

(2) Office No 403 along with 13 nos car parking on Second Floor at Savoy Chambers, Santacruz (West), Mumbai which belongs to M/s Classy Investments Pvt. Ltd.

(b) (i) Kotak Mahindra Pvt.Ltd (Loan A/c No.6962494) - NBFC

Secured by First charge by way of hypothecation of Car No. MH 01 AX 5600 as per loan sanctioned as on 8th September,2011

The loan is repayable in 35 equal monthly installments of Rs. 28,047/- each, interest @ 6.50% p.a. is payable on the said loan

However, it is fully repaid on 02.05.2014. (ii) ICICI Bank Ltd(Loan A/c. No. LAMUM00026715824)

Secured by First charge by way of hypothecation of Car No. MH 43 AL 9825 as per loan sanctioned as on 1st February, 2013.

The loan is repayable in 60 equal monthly installments ofRs. 19,818/- each, interest @ 11.99% p.a. is payable on the said loan.

The year of maturity with reference to Balance Sheet is 2.9 years. (iii) Volkswagen Finance Pvt. Ltd. (Loan A/c No. 20121018744)

Secured by First charge by way of hypothecation of Car No. MH 43 AL 9466 as per loan sanctioned as on 28th December,2012.

The loan is repayable in 60 equal monthly installments of Rs. 68409/- each, interest @ 11.65% p.a. is payable on the said loan.

The year of maturity with reference to Balance Sheet is 2.8 years. (iv) Volkswagen Finance Pvt. Ltd. (Loan A/c No. 20121019363)

Secured by First charge by way of hypothecation of Car No. MH 43 AL 9772 as per loan sanctioned as on 28th December,2012.

The loan is repayable in 60 equal monthly installments of Rs. 68409/- each, interest @ 11.65% p.a. is payable on the said loan.

The year of maturity with reference to Balance Sheet is 2.8 years.

(b) CAPITAL FIRST LTD -NBFC

(i) Secured by way of first exclusive charge on Manavsthal Project CTS No. 2841(pt), Tal. Borivali Properties together with land and all the present & Future superstructures, receivable, escrow accounts etc. and also on unsold stock of Pinnacle Corporate Park Project CTS No. 4207(pt), Tal. Andheri, as per loan sanctioned as on 11th November, 2013. The loan is repayable in 24 equal monthly installments. However, it is fully repaid on 08.04.2015 hence, it is shown in Current Maturities. The said Term Loan is for the purpose of working capital and general corporate expenses of the Company and the balance for construction expenses of project Manavsthal at Malad, Mumbai.

I. Unsecured Loan

(a) (i) ICICI Bank Ltd(Loan A/c.No.1890626)

The said loan taken by the Company jointly with Directors and for which Director has given his personal assets as securities. The said loan was sanctioned to the Company on 25th October, 2011 interest @ 12.75% floating. Repayable in 120 EMIs w.e.f. December, 2011. The year of maturity with reference to Balance Sheet is 6.8 years.

(i) During the year, the Company has provided for the following based on Unaudited Financial Statements of M/s Kamanwala

Lakshachandi Todays Construction : -

- Interest on Partners Capital amounting to Rs. 73,58,920/- - Share in Profit of Rs. 80,93,325/- (ii) During the year, the Company has provided for the following based on Unaudited Financial Statements of M/s Kamanwala Lakshachandi

Todays Developers : -

- Share of Loss of Rs. 46,185/-

(i) Aspen Properties Pvt. Ltd

The Company has made the payment towards joint venture contribution to M/s Aspen Properties Pvt Ltd for the project at Filimistan Studio, Goregaon (West).

The Company has taken concrete steps to commence the project, Company had sent a notice through Legal Advisor to the Co- Venturer and also made the provison for compensation receivable which is shown seperately in Current Assets.

(ii) Khar Property

The Company has made payment of Rs. 25,50,000/-for development of property at E/828, 4th & 5th Road, Khar (West), Mumbai.

NOTE : 1

During the year, Company has recognized interest income of Rs. 1,06,44,000/- from M/s. Prajay Kamanwala Developers and Rs. 4,20,000/- from M/s. Aspen Properties Pvt. Ltd. on amount of investment made in Partnership and Joint Venture respectively for which projects are yet to commence. Company has taken the other parties into confidence and is confident of its recovery.

NOTE : 2

During the year, Company has considered the interest income Rs. 2,17,00,963/- on amount receivable from M/s Housing Development and Infrastructure Limited, who has agreed to refund the amount along with interest.

NOTE : 3

In the absence of information with the Company regarding the status of the suppliers as defined under Micro, Small and Medium Enterprises Development Act, 2006, the details if any, the provision or payment of interest and related disclosure under the said Act has not been disclosed.

NOTE 4: CONTINGENT LIABILITIES

1. No provision is made for Contingent Liability which may arise for delay in execution of project Pinnacle Corporate Park, BKC Bandra (East), Mumbai. As per the terms of Agreements executed with Purchasers, the Company has committed to give the possession of the office premises in the year 2008. However, due to certain compliance and pending clearance of S.R.A., the project has been delayed for six years.

2. The Company has given a guarantee of Rs. 3 Lacs to Maharashtra Pollution Control Board on account of specific compliances for Malad Project.

3. The Company has entered into the following Deeds of Partnership for which liabilities are unlimited and amount not ascertained:

(a) M/s. Kamanwala Lakshachandi Todays Construction

(b) M/s. Prajay Kamanwala Developers

4. The Income Tax Department has raised the demand of Rs. 3.78 Crores for Assessment Year 2011-12, and Rs. 82.27 Lacs for Assessment Year 2012-13, contending the same the Company has filed an Appeal with Commissioner of Income Tax (Appeal).