1) Previous year figures have been re-grouped and rearranged wherever necessary for proper presentation of accounts.

2) Sundry debit and credit balances of loans and advances are subject to confirma- tion and reconciliation, if any. As per view of management the same are shown at realisable value and necessary precaution of actual and realisable value has been taken care of.

3) As informed to me, and on verification of record there is contingent liabilities relating to Guarantee given to Jammu Kashmir Bank for Granting facilities to R.R.J.Dyes and Intermediates Limited. Company has also given Guarantee to Corporation bank for granting limits to Vibrant Polymers Limited in both the Com- panies Director Shri. R.B.Shah is also director. Company has not taken any counter Guarantee or Guarantee Commission from R.R.J.Dyes Limited or Vibrant Poly- mers Limited.

4) Auditors Remuneration relating to audit work Rs. 29600/- (Previous Year Rs. 29500/-) is provided at the end of year.

5) During the year remuneration is paid to Director Smt. Rita R Shah as per terms of Appointment amounting to Rs. 204000/- (P.Y. Rs. 204000/-).

6) As Certified by the Directors all amounts in the Balance Sheet relating to Sundry Debtors, Sundry Creditors, Unsecured Loans, Deposits, Loans and advances are shown at net realisable or net payable as the case may be.

7) Income in Foreign Currency is NIL

8) Expenditure in Foreign Currency is NIL

9) Closing Stock is accounted in the books as taken valued and certified by Direc- tors and Authorised Person's of the Company.

10) Company's Profitability is affected due to non recovery of disputed finance to other parties and investment in shares of concerns in which directors are inter- ested. As informed to us Finance Charges of current year as well as past years are not realisable and as per guidelines of RBI for NBFC income is accounted on the basis of realisation only the same are not accounted to comply with rules of RBI.

11) Company has received NBFC registration. During the year However Company has accepted and repaid the deposits / loan received from others. At the end of year outstanding loans or deposits are either from Directors or concerns in which Directors are interested or Inter Corporate Deposits. These deposits need confir- mation and explanation and period for which deposits are given by the deposits holders. In all transactions it is difficult to bifurcate loans / deposits as the Com- pany is also paying interest on these advances taken and maintaining account of deposit holders like current account and paying interest on daily balance basis in few cases. Hence provisions of section 58 of the companies Act, 1956 are not complied with fully.

2) RELATED PARTY DISCLOSURE FOR THE YEAR ENDING 31-03-2014 :

(I) Associate : Akash Agro Industires Ltd.

Rajendra B. Shah-HUF

(II) Key Management Personnel : Shri Rajendra B Shah

Smt. Rita R. Shah

R.R. Consultancy (Prop : Rita Shah)

(III) Relatives of key Management : Vasuben B. Shah

Personnel

Birju R. Shah

Rima R. Shah

Virendra Shah

3) In opinion of the management, the Company has not separate reportable segment Hence disclosure under Accounting Standard-17 "Segment Reporting" issued by ICAI is not given.