Likhami Consulting Ltd. இன் கணக்கு குறிப்புகள்

Mar 31, 2025

o. Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a
result of a past event, it is probable that an outflow of resources embodying economic benefits will
be required to settle the obligation and a reliable estimate can be made of the amount of the
obligation. When the Company expects some or all of a provision to be reimbursed, the
reimbursement is recognised as a separate asset, but only when the reimbursement is virtually
certain. The expense relating to a provision is presented in the statement of profit and loss net of
any reimbursement.

p. Contingent Liabilities

A contingent liability is a possible obligation that arises from past events whose existence will be
confirmed by the occurrence or non-occurrence of one or more uncertain future events beyond the
control of the Company or a present obligation that is not recognized because it is not probable
that an outflow of resources will be required to settle the obligation. The Company does not
recognize a contingent liability but discloses its existence in the financial statements.

q. Significant Accounting Judgements, Estimates and Assumptions

The preparation of the financial statements requires management to make judgements, estimates
and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and
the accompanying disclosures, and the disclosure of contingent liabilities. Uncertainty about these
assumptions and estimates could result in outcomes that require a material adjustment to the
carrying amount of assets or liabilities affected in future periods.

(i) Estimates and Assumptions

The key assumptions concerning the future and other key sources of estimation uncertainty
at the reporting date, that have a significant risk of causing a material adjustment to the
carrying amounts of assets and liabilities within the next financial year, are described below.
The Company based its assumptions and estimates on parameters available when the
financial statements were prepared. Existing circumstances and assumptions about future
developments, however, may change due to market changes or circumstances arising that are
beyond the control of the Company. Such changes are reflected in the assumptions when they
occur.

a. Taxes

Deferred tax assets are recognised to the extent that it is probable that taxable profit will be
available against which the losses and tax credits can be utilised. Significant management
judgement is required to determine the amount of deferred tax assets that can be recognised,
based upon the likely timing and the level of future taxable profits together with future tax
planning strategies.

b. Expected Credit Loss Model

The Company applies expected credit loss (ECL) model for measurement and recognition of
impairment loss on the Financial Assets. The Company follows ''simplified approach'' for
recognition of impairment loss allowance on trade receivables. As a practical expedient, the
Company uses historically observed default rates over the expected life of the trade
receivables and is adjusted for forward-looking estimates to determine impairment loss
allowance on portfolio of its trade receivables.

r. Exceptional Items

When items of income and expense within profit or loss from ordinary activities are of such size,
nature or incidence that their disclosure is relevant to explain the performance of the enterprise
for the period, the nature and amount of such material items are disclosed separately as
exceptional items.

ii) Terms / rights attached to Equity shares

The Company has only one class of equity shares having a par value of ?10/- per share. Each equity shareholder is
entitled to one vote per share. The Company declares and pays dividends in Indian rupees. The Company has not
declared any dividends for the year ended 31st March, 2025. In the event of liquidation of the Company, the holders of
the equity shares will be entitled to receive the remaining assets of the company, after distribution of all preferential
amounts. The distribution will be in proportion to the numbers of equity shares held by the share holders.

iii) The Company does not have any Holding/ Ultimate Holding Company. As such, no shares are held by them or
their Subsidiaries/Associates.

• 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.

• Additional Regulatory Information as per Schedule III of Companies Act, 2013:

a. The company has NIL liabilities associated with group of assets classified as held for sale
and non-current assets classified as held for sale.

b. The Company has not declared any dividend on Equity shares. The Company has not
issued any Preference shares.

c. The Company has not issued securities for specific purpose.

d. The Company has not borrowed any funds from banks and financial institutions for the
specific or any other purpose.

e. No procedings have been initiated or pending against Company for holding any Benami
Property under Prohibitions of Benami Transactions Act,1988 (Earliers titled as Benami
transactions (Prohibitions) Act,1988

f. The Company is not declared a wilfull defaulter by any Bank or Financial Institution or
any other lender.

g. The Company did not have any transactions with companies struck off under Section 248
of the Companies Act.

h. The company has not registered any charge or satisfaction of charge with ROC.

i. The Company has no Holding, Subsidiary or associate company and hence the company
does not have any layers prescribed under clause 87 of sub section 2 of companies act,
2013.

k. During the year no Scheme of Arrangement has been formulated by the Company or
pending with competent authority.

l. No funds have been advanced or loaned or invested (either from borrowed funds or share
premium or any other sources or kind of funds) by the Company to or in any other
person(s) or entity(ies), including foreign entities (“Intermediaries”) with the
understanding, whether recorded in writing or otherwise, that the Intermediary shall lend
or invest in party identified by or on behalf of the Company (Ultimate Beneficiaries).

m. The Company has not received any fund from any party(s) (Funding Party) with the
understanding that the Company shall whether, directly or indirectly lend or invest in
other persons or entities identified by or on behalf of the Company (“Ultimate
Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries.

n. The Company has neither applied any accounting policy retrospectively, made
restatement of items of financial statement nor reclassified items of its financial
statement.

o. There is no share application money pending allotment in books of the Company during
the year.

p. The Company has not issued preference shares since inception of the Company.

q. During the year under review, the Company has not issued any Compound financial
instruments such as convertible debentures.

r. The Company has not traded or invested in crypto currency or virtual currency during
the current or previous year.

s. The Company has not revalued its property, plant and equipment or intangible assets or
both during the current or previous year.

t. The Company has no Regulatory Deferral Account Balance.

• In compliance with the Accounting Standard Ind AS-12 relating to “Income Tax” issued by The
Institute of Chartered Accountants of India, the Company had provided for Deferred Tax
Liability arising out of timing difference on depreciation amounting to ^ 0.02 lakhs. Accordingly,
the said item has been debited to the Statement of Profit & Loss for the year under report (Refer
Note No. 5).

• 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:

• The Company is exposed to market risk and credit risk. The Company has a Risk management
policy and its management is supported by a Risk management committee that advises on
risks and the appropriate risk governance framework for the Company. The audit committee
provides assurance to the Company''s management that the Company''s risk activities are
governed by appropriate policies and procedures and that risks are identified, measured and
managed in accordance with the Company''s policies and risk objectives.

a. Market Risk

Market risk is the risk that the fair value of future cash flows of a financial instrument
will fluctuate because of changes in market prices. Market risk comprises two types of
risk: interest rate, currency risk and other price risk, such as commodity price risk and
equity price risk. Financial instruments affected by market risk include FVTPL
investments, trade payables, trade receivables, etc.

i. The Company had made the Long-Term Investments either in quoted or unquoted
scrip''s of certain companies in earlier years. The Company has fairly valued the
investments under level 1 & 3 valuation technique as stated in significant accounting
policies.

ii. In the Opinion of the Board, all the current assets, loans and advances have a value
on realisation 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.

b. Credit Risks

Credit risk is the risk that counterparty will not meet its obligations under a financial
instrument or customer contract, leading to a financial loss. The Company is exposed to
credit risk from its operating activities (primarily trade receivables).

i. The Company has Other Receivables which are outstanding for a considerable period
of time and considered good for recovery by the management. For the available
exposure, the management has ensured that the Company has been continuously
persuading to settle the amount /recovered the receivables, accordingly no further
provision is being considered by the management.

ii. Certain Debit Balances as stated in the financial statements are being subject to
confirmation and reconciliation thereof, and the same have been taken as per the
balances appearing in the books. The consequent necessary adjustments, either of a
revenue nature or otherwise, if any, will be made, as and when these accounts are
reconciled and confirmed.

• The Company has one reportable business segments i.e. Consultancy & Other Services. The
Company operates mainly in Indian market and there are no reportable geographical
segments.

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

• The company''s accounting software has audit trail functionality (edit log). This feature
remained operational throughout the year, capturing a chronological record of all relevant
transactions processed within the software.

• Previous year''s figures have been regrouped/ reclassified wherever necessary to correspond
with the current year''s classification / disclosure.

Notes referred to above form an integral part of Financial Statements
As per our attached report on even date

For Mohindra Arora & Co. For and on behalf of the Board of Directors

(Chartered Accountants) Likhami Consulting Limited

(FRN:006551N)

Ashok Kumar Katial Babu Lal Jain Ruchi Gupta

(Partner) (MD and CEO) (Director)

Membership No: 009096 (dIN: 02467622) (dIN: 7283515)

Place : Mumbai Bulbul Amit Bhansali Dipti Jayant Kashid

Date : 20/05/2025 (CS) (CFO)

Place: Mumbai Date: 20/05/2025

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Mar 31, 2024

ii) Terms / rights attached to Equity shares

The Company has only one class of equity shares having a par value of ?10/- per share. Each equity shareholder is entitled to one vote per share. The Company declares and pays dividends in Indian rupees. The Company has not declared any dividends for the year ended 31st March, 2024. In the event of liquidation of the Company, the holders of the equity shares will be entitled to receive the remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the numbers of equity shares held by the share holders.

iii) The Company does not have any Holding/ Ultimate Holding Company. As such, no shares are held by them or their Subsidiaries/Associates.

v) There are NIL (P.Y. NIL) shares reserved for issue under option and contracts / commitment for the sale of shares/ disinvestment.

vi) During the period of five years immediately preceding the reporting date:

a. No shares were issued for consideration other than cash

b. No bonus shares were issued

c. No shares were bought back

vii) There are NIL (P.Y. NIL) securities convertible into Equity/ Preference Shares.

viii) There are NIL (P.Y. NIL) calls unpaid including calls unpaid by Directors and Officers as on the balance sheet date.

21. Other Notes to Financial Statements

• During the financial year 2023-24, there were no transactions with any suppliers /parties who are covered under ''The Micro Small and Medium Enterprises Development Act, 2006''.

• 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.

• Additional Regulatory Information as per Schedule III of Companies Act, 2013:

a. The company has NIL liabilities associated with group of assets classified as held for sale and non-current assets classified as held for sale.

b. The Company has not declared any dividend on Equity shares. The Company has not issued any Preference shares.

c. The Company has not issued securities for specific purpose.

d. The Company has not borrowed any funds from banks and financial institutions for the specific or any other purpose.

e. No procedings have been initiated or pending against Company for holding any Benami Property under Prohibitions of Benami Transactions Act,1988 (Earliers titled as Benami transactions (Prohibitions) Act,1988

f. The Company is not declared a wilfull defaulter by any Bank or Financial Institution or any other lender.

g. The Company did not have any transactions with companies struck off under Section 248 of the Companies Act.

h. The company has not registered any charge or satisfaction of charge with ROC.

i. The Company has no Holding, Subsidiary or associate company and hence the company does not have any layers prescribed under clause 87 of sub section 2 of companies act, 2013.

k. During the year no Scheme of Arrangement has been formulated by the Company or pending with competent authority.

l. No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other person(s) or entity(ies), including foreign entities (“Intermediaries”) with the understanding, whether recorded in writing or otherwise, that the Intermediary shall lend or invest in party identified by or on behalf of the Company (Ultimate Beneficiaries).

m. The Company has not received any fund from any party(s) (Funding Party) with the understanding that the Company shall whether, directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

n. The Company has neither applied any accounting policy retrospectively, made restatement of items of financial statement nor reclassified items of its financial statement.

o. There is no share application money pending allotment in books of the Company during the year.

p. The Company has not issued preference shares since inception of the Company.

q. During the year under review, the Company has not issued any Compound financial instruments such as convertible debentures.

r. The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.

s. The Company has not revalued its property, plant and equipment or intangible assets or both during the current or previous year.

t. The Company has no Regulatory Deferral Account Balance.

• In compliance with the Accounting Standard Ind AS-12 relating to “Income Tax” issued by The Institute of Chartered Accountants of India, the Company had provided for Deferred Tax Assets arising out of timing difference on depreciation amounting to ^ 0.04 lakhs. Accordingly, the said item has been credited to the Statement of Profit & Loss for the year under report (Refer Note No. 5).

• The Company is exposed to market risk and credit risk. The Company has a Risk management policy and its management is supported by a Risk management committee that advises on risks and the appropriate risk governance framework for the Company. The audit committee provides assurance to the Company''s management that the Company''s risk activities are governed by appropriate policies and procedures and that risks are identified, measured and managed in accordance with the Company''s policies and risk objectives.

a. Market Risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises two types of risk: interest rate, currency risk and other price risk, such as commodity price risk and equity price risk. Financial instruments affected by market risk include FVTPL investments, trade payables, trade receivables, etc.

i. The Company had made the Long-Term Investments either in quoted or unquoted scrip''s of certain companies in earlier years. The Company has fairly valued the investments under level 1 & 3 valuation technique as stated in significant accounting policies.

ii. In the Opinion of the Board, all the current assets, loans and advances have a value on realisation 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.

b. Credit Risks

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables).

i. The Company has Other Receivables which are outstanding for a considerable period of time and considered good for recovery by the management. For the available exposure, the management has ensured that the Company has been continuously persuading to settle the amount /recovered the receivables, accordingly no further provision is being considered by the management.

ii. Certain Debit Balances as stated in the financial statements are being subject to confirmation and reconciliation thereof, and the same have been taken as per the balances appearing in the books. The consequent necessary adjustments, either of a revenue nature or otherwise, if any, will be made, as and when these accounts are reconciled and confirmed.

• The Company has one reportable business segments i.e. Consultancy & Other Services. The Company operates mainly in Indian market and there are no reportable geographical segments.

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

• The company''s accounting software has audit trail functionality (edit log). This feature remained operational throughout the year, capturing a chronological record of all relevant transactions processed within the software.

• Previous year''s figures have been regrouped/ reclassified wherever necessary to correspond with the current year''s classification / disclosure.

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Mar 31, 2018

Corporate Information:

Likhami Consulting Limited is a Public Company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its shares are listed on The BSE Limited and Calcutta Stock Exchange. The Company is primarily engaged in business of Consultancy, financial services and other allied services. The registered office of the company is located at 62A, Dr. Meghnad Shah Sarani, Room No.1, 2nd Floor, Southern Avenue, Kolkata -700029, West Bengal.

Notes to Financial Statements as at and for the year ended 31st March, 2018

1. Significant Accounting Policies and Key Estimates and Judgements

1.1 Basis of Preparation of financial statements

These financial statements for the year ended 31st March, 2018 are the first financial statements, the Company has prepared in accordance with Indian Accounting Standards (“Ind AS”) consequent to the notification of The Companies (Indian Accounting Standards) Rules, 2015 (the Rules) issued by the MCA. Further, in accordance with the Rules, the Company has restated its Balance Sheet as at 1st April, 2016 and financial statements for the year ended and as at 31st March, 2017 also as per Ind AS.

For all periods up to and including the year ended 31st March, 2017, the Company had prepared its financial statements in accordance with accounting standards notified under the section 133 of the Companies Act 2013, read together with Rule 7 of the Companies (Accounts) Rules, 2014 [Indian GAAP].

The financial statements have been prepared on accrual basis under the historical cost convention and ongoing concern concept, unless otherwise stated.

For preparation of opening balance sheet under Ind AS as at 1st April, 2016, the Company has availed exemptions and first time adoption policies in accordance with Ind AS 101 “First-time Adoption of Indian Accounting Standards”, the details of which have been explained thereof in Note 1.3.

The financial statements have been prepared on a historical cost basis, except for certain financial assets measured at fair value as described in accounting policies regarding financial instruments.

Estimates

The estimates at 1st April, 2016 and at 31st March, 2017 are consistent with those made for the same dates in accordance with Indian GAAP (after adjustments to reflect any differences in accounting policies). Consequent to Company’s transition to Ind AS as explained in “Basis of Preparation” paragraph above, following are accounted for the first time in these financial statements and hence estimates for these items are based on conditions existing on the respective Balance Sheet dates:

(a) Impairment of financial assets based on expected credit loss model

(b) Fair value of certain financial assets and liabilities through Profit and Loss (FVTPL)

The estimates used by the Company to present these amounts in accordance with Ind AS reflect conditions at 1st April, 2016, the date of transition to Ind AS and as of 31st March, 2017.

1.2 First Time Adoption of Ind AS

The Company has adopted Indian Accounting Standards (Ind AS) as notified by the Ministry of Corporate Affairs with effect from 1st April, 2017, with a transition date of 1st April, 2016. These financial statements for the year ended 31st March, 2018 are the first financial statements the Company has prepared under Ind AS. For all periods upto and including the year ended 31st March, 2017 , the Company prepared its financial statements in accordance with the accounting standards notified under the section 133 of the Companies Act 2013, read together with paragraph 7 of the Companies (Accounts) Rules, 2014 (‘Previous GAAP’).

The adoption of Ind AS has been carried out in accordance with Ind AS 101, First-time Adoption of Indian Accounting Standards. Ind AS 101 requires that all Ind AS standards and interpretations that are issued and effective for the first Ind AS financial statements be applied retrospectively and consistently for all financial years presented. Accordingly, the Company has prepared financial statements which comply with Ind AS for year ended 31st March, 2018, together with the comparative information as at and for the year ended 31st March, 2017 and the opening Ind AS Balance Sheet as at 1st April, 2016, the date of transition to Ind AS.

In preparing these Ind AS financial statements, the Company has availed certain exemptions and exceptions in accordance with Ind AS 101, as explained below. The resulting difference between the carrying values of the assets and liabilities in the financial statements as at the transition date under Ind AS and Previous GAAP have been recognised directly in equity (retained earnings or another appropriate category of equity). This note explains the adjustments made by the Company in restating its financial statements prepared under previous GAAP, including the Balance Sheet as at 1st April, 2016 and the financial statements as at and for the year ended 31st March, 2017.

e. Re-Classifications

The Company has done the following reclassifications as per the requirements of Ind AS:

i. Assets/ liabilities which do not meet the definition of financial asset/ financial liability have been reclassified to other asset/ liability.

ii. Long Term Trade receivables and other receivables have been reclassified to non-current financial assets.

f. Ind AS 101 Exemptions Applied

Ind AS 101 allows first-time adopters certain exemptions from the retrospective application of certain requirements under Ind AS. Exemptions applied by Company are detailed here under:

With regard to Property Plant and Equipment the Company has elected to continue with carrying value as recognised in its Indian GAAP Financial Statements as deemed cost at the transition date, viz., 1st April, 2016.

g. Mandatory Exceptions from retrospective application

The Company has applied the following exceptions to the retrospective application of Ind AS as mandatorily required under Ind AS 101:

(i) Estimates On assessment of the estimates made under the Previous GAAP financial statements

The Company has concluded that there is no necessity to revise the estimates under Ind AS, as there is no objective evidence of an error in those estimates. However, estimates that were required under Ind AS but not required under Previous GAAP are made by the Company for the relevant reporting dates reflecting conditions existing as at that date.

(ii) Classification and measurement of financial assets

The classification of financial assets to be measured at amortised cost or fair value through profit and loss is made on the basis of the facts and circumstances that existed on the date of transition to Ind AS.

ii) Terms / rights attached to Equity shares

The Company has only one class of equity shares having a par value of Rs.10/- per share. Each equity shareholder is entitled to one vote per share. The Company declares and pays dividends in Indian rupees. The Company has not declared any dividends for the year ended 31st March,2018. In the event of liquidation of the Company, the holders of the equity shares will be entitled to receive the remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the numbers of equity shares held by the share holders.

iii) The Company does not have any Holding/ Ultimate Holding Company. As such, no shares are held by them or their Subsidiaries/Associates.

v) There are NIL (P.Y. NIL) shares reserved for issue under option and contracts / commitment for the sale of shares / disinvestment.

vi) During the period of five years immediately preceding the reporting date:

a. No shares were issued for consideration other than cash

b. No bonus shares were issued

c. No shares were bought back

vii) There are NIL (P.Y. NIL) securities convertible into Equity/ Preference Shares.

viii) There are NIL (P.Y. NIL) calls unpaid including calls unpaid by Directors and Officers as on the balance sheet date.

Nature and Purpose of Reserves Securities premium reserve:

Securities premium reserve is used to record the premium on issue of shares. These reserve is utilised in accordance with the provisions of the Act.

2. Other Notes to Financial Statements

- During the financial year 2017-18, there were no transactions with any suppliers /parties who are coveredunder ‘The Micro Small and Medium Enterprises Development Act, 2006’.

- Related Party Disclosure

a. Name of related parties and their relationship:

b. Transaction which took place with the related parties during the year:

c. Outstanding balances with the related parties:

- 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.

- Payment to Auditors (Including GST/Service Tax)

- In compliance with the Accounting Standard Ind AS-12 relatingto “Income Tax” issued by The Institute of Chartered Accountants of India, the Company had provided for Deferred Tax Assets arising out of timing difference. Accordingly, the said item has been credited to the Statement of Profit & Loss for the year under report (Refer Note No. 5).

- 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:

- The Company is exposed to market risk and credit risk. The Company has a Risk management policy and its management is supported by a Risk management committee that advises on risks and the appropriate risk governance framework for the Company. The audit committee provides assurance to the Company’s management that the Company’s risk activities are governed by appropriate policies and procedures and that risks are identified, measured and managed in accordance with the Company’s policies and risk objectives.

a. Market Risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises two types of risk: interest rate, currency risk and other price risk, such as commodity price risk and equity price risk. Financial instruments affected by market risk include FVTPL investments, trade payables, trade receivables, etc.

i. The Company had made the Long-Term Investments either in quoted or unquoted scrip’s of certain companies in earlier years. The Company has fairly valued the investments under level 3 Valuation technique as stated in significant accounting policies.

ii. The Company had made the current investments in quoted equity shares of certain companies during the year. The Company has fairly valued the investments under level 1 valuation technique as stated in significant accounting policies.

iii. In the Opinion of the Board, all the current assets, loans and advances have a value on realisation 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.

b. Credit Risks

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables).

i. The Company has Other Receivables which are outstanding for a considerable period of time and considered good for recovery by the management. The management has worked out expected credit losses which were provided on transition. For the available exposure, the management has ensured that the Company has been continuously persuading to settle the amount /recovered the receivables, accordingly no further provision is being considered by the management.

ii. Certain Debit Balances as stated in the financial statements are being subject to confirmation and reconciliation thereof, and the same have been taken as per the balances appearing in the books. The consequent necessary adjustments, either of a revenue nature or otherwise, if any, will be made, as and when these accounts are reconciled and confirmed.

- The Company has one reportable business segments i.e. Consultancy & Other Services. The Company operates mainly in Indian market and there are no reportable geographical segments.

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

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

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Mar 31, 2016

Other Notes to the Accounts:

- 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''.

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

- 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.

- Payment to Auditors (Including Service Tax)

- 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.

- Contingent liability not provided for in respect of Income Tax matter relating to A/y 2013-14 amounting to Rs.2,32,880/-.The Company have preferred appeal before higher authorities. The Company is contesting the same and is of view that the disputed demand will not sustain in view of various legal pronouncements in the related matter.

- 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.7, 329/-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.

- The Company has one reportable business segments i.e. Consultancy & Other Services. The Company operates mainly in Indian market and there are no reportable geographical segments.

- 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.

- The Company had made the Long Term Investments either in quoted or unquoted scrips of certain companies in earlier years. Presently, these companies are either delisted / suspended from trading in recognized stock exchanges. Keeping in view the long term business potential, the management estimates that the diminution in the value of certain Long Term Investments is temporary in nature.

Other Notes to the Accounts:

- The quantity of Long Term Investments is subject to physical verification. However, the management represented that all the Long Term Investments are in the name of the Company.

- The Company is in the process of disposal/selling in the forthcoming period its old, slow -moving, unmoved, unusable stock -in hand. As such, the management has not considered any diminution in the value of inventories.

- The Company has Other Receivables which are outstanding for a considerable period of time and considered good for recovery by the management. The management ensured that the Company has been continuously persuading to settle the amount /recovered the receivables.

- The Statutory Authorities had been filed suit against Company and its erstwhile Directors in the respective Courts. Hence, the matter was dispose of. However, some cases are under process for disposal. As such, the outcome of pending legal suits would not impact its affairs as well as financial position of the Company.

- Certain Debit Balances including balances of non-operative bank accounts that are being subject to confirmation and reconciliation thereof, and the same have been taken as per the balances appearing in the books. The consequent necessary adjustments, either of a revenue nature or otherwise, if any, will be made, as and when these accounts are reconciled and confirmed.

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

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