i) The Company has only one class of Equity Shares having a par value of Rs. 1/- per share. Each holder of Equity Share is entitled to one vote per share. The Company declares and pays dividend in Indian Rupees.

ii) In the event of liquidation of the Company, the holders of Equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of Equity shares held by the shareholders.

2. Detailed note on shares reserved to be issued under options and contracts / commitment for the sale of shares / divestments including the terms and conditions.

The company does not have any such contract / commitment as on reporting date.

3. Detailed terms of any securities convertible into shares, e.g. in the case of convertible warrants, debentures, bonds etc.

The company does not have any securities convertible into shares as on reporting date.

4. Amounts due to Micro, Small and Medium Enterprises:

Under the Micro, Small and Medium Enterprises Development Act, 2006 certain disclosures are required to be made related to micro, small and medium enterprise. The company does not have any transactions with such entities.

5. Amortisation of Preliminery expenses

The Company had incurred some expenses on account of Increase in Authorised Capital and in connection with the Right Issue of Equity Shares which were treated as Preliminary expenses in the books of Accounts till 31 March 2013 (Rs.14,69,675/-) and no such expenses were written off in the books of Accounts. However, the management has framed a policy of Amortising the above Preliminary expenses over a period of 5 years starting from the financial year 2013-14.

6. Exceptional Item

The Company has revised its policy of providing depreciation on fixed assets effective 1 April, 2014. Depreciation is now provided based on the revised remaining useful life of each asset which has been revised based on an evaluation by the management. The carrying amount of each asset as on 1 April, 2014 is depreciated over the revised remaining useful life. As a result of these changes, the depreciation charge for the year ended 31 March, 2015 of Rs. 48,719 is higher by Rs. 20,494 and the effect relating to the period prior to 1 April, 2014 is Rs. 7,039 which has been shown as an 'Exceptional Item'. Accordingly, depreciation and amortisation expense for the year ended 31 March, 2015 aggregates to Rs. 41,680.

7. NOTES TO ACCOUNTS:

1. In the opinion of the Board of Directors, the Current Assets, Loans & Advances have realizable value in the ordinary course of business at least equal to the amount at which they are stated in the balance sheet and the same has been certified by the Board of Directors.

2. Legal Disputes in Projects undertaken by the company:

(i) Company has entered into a Development Agreement with M/s. Krishna Sagar Builders Ltd. to develop a property situated at Charkop Village, Kandivali (West) admeasuring total area of 1138.78 Sq. Mtrs (Developable Area: 984.90 Sq Mtrs) the total amount incurred on the said project is Rs. 446.62 Lacs as on 31st March, 2015 which is under Legal Dispute.

(ii) The company has entered into a Joint Venture Agreement with M/s. Krishna Developers through its proprietor Mr. Rajiv Kashyap to develop the property situated at CTS No.484 at Gulmohar Road, Juhu, Mumbai the total amount incurred on the said project is Rs. 147.45 Lacs as on 31st March, 2015, which is also under Dispute but the company has made a recovery of Rs. 50.70 Lacs in the year 2013 so the net amount incurred on the said project is Rs.96.75 Lacs as on 31st March 2015.

8. Related Parties Disclosure:

(i) As per Accounting Standard on 'Related Party Disclosure" (AS 18), the related parties of the company as at March 31,2015 are as follows:

(a) Wholly Owned Subsidiary Company : N.A.

(b) Promoter Group/ Holding Company :

M/s. Bhrarosemand Commodities Pvt Ltd. Promoter Group

(c ) Key Management Personal :

Ms. Alka Lath Whole Time Director

9. Balances of Sundry Debtors, Sundry Creditors, Advances received and recoverable are subject to confirmation and reconciliation, if any from the respective parties.

10. Previous years figures have been regrouped/ rearranged and reclassified wherever necessary to make them comparable with current year figures.

11. Identification of accounts relating to small industrial undertaking, information for determining the particulars relating to current indebtedness of such undertaking as required under Schedule III Part I of the Company Act, 2013 are not applicable to this company.

12. All the other information's as required under paragraph 3, 4A, 4B, 4C & 4D of part II of Schedule III of the Companies Act, 2013 is either Nil or Not Applicable to the Company.

13. Calculation of Deferred Tax:

Provision for income tax has been made as per the existing provision of the Income Tax, 1961 and as required by Accounting standard AS-22 relating to 'Accounting for taxes on income" issued by the Institute of Chartered Accountants of India, the provision of deferred tax liability, has been made in respect of difference between books depreciation and income tax depreciation, as under:-

14. Contingent liabilities:

There is no contingent liability in the opinion of the Management.

15. Changes after Date of Balance Sheet:

There is no material change occurred after the date of Balance Sheet till date of audit affecting the financial statements as on 31.03.2015.