Notes to Accounts of Alchemist Corporation Ltd.

Mar 31, 2015

- No dividend has been proposed by the Directors of the Company due to nominal profits of the company.

- Balances of sundry creditors are subject to confirmation from the respective parties.

- There is no contingent liability existing on date of Balance Sheet.

- In the opinion of the Board, current assets, loans & advances have a value in the ordinary course of business at least equal to that stated in Balance Sheet.

- Deferred tax charge or credit reflects the tax effects of timing differences between accounting income and taxable income for the period. The deferred tax charge or credit and the corresponding deferred tax liabilities or assets are recognized using the tax rates applicable for the current year.

- Balances of Parag Overseas Marketing Pvt Ltd. and Paragaon Tradex Overseas Pvt. Ltd has been adjusted i.e Rs.1,17,17,501.00

- Sundry Debtor written off;

Real Stone Export Pvt. Ltd. Rs. 12,92,072.00

- Sundry credit balance written off;

Listing fee Rs. 63,000.00

Mr.Subhash Rastogi Rs. 8,97,500.00

Related party disclosures:-

Names of related parties

Rajendra Sec lease Limited Holding Company

Kautilya Infotech Limited Subsidiary Company

Maple E Solutions Limited Common Directors

NDR Hospitals Limited Common Directors

Anramu Finvest Pvt. Limited Common Directors

Supriya Securities Pvt. Ltd. Common Directors

Seagull Shares and Strocks Pvt. Ltd. Common Directors

Kasi Ram Softech (India) Limited Common Directors

Cyber On-line Softel Pvt. Ltd. Common Directors

Triton Corp Limited Common Directors

Previous year figures have been regrouped / recast wherever necessary to make figure comparable.

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Mar 31, 2014

Current Previous year year

(Rs. in lacs) (Rs.in lacs)

1.Capital Commitments and Contingent Liabilities Nil Nil

2. Sundry Creditors/ Debtors includes overdue amounts payable to small scale and ancillary industries. Nil Nil

3. Managerial Remuneration

a) Paid to Directors Nil Nil

b) The Computation of Net profit u/s 349 of the Companies Act, 1956 has not been made as no commission is payable to any directors.

c) Reimbursement of expenses to Directors : Nil Nil

4. In the opinion of the management, the current assets, loans and advances are expected to realize unless otherwise stated at least the amount at which they are stated, if realized in the ordinary course of business and provision for all known liabilities has been adequately made in the accounts.

5. Sundry Creditors

The Company has not received information from vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure relating to amounts unpaid as at the year end together with interest paid / payable if any under this Act, have not been given.

6. Sundry Debtors and Sundry creditors arc subject to confirmation.

7. No provision for gratuity has been made during the year.

8. During the year Rs. 6,50,0000/- as SAM-Pending Allotment Money due to non payment of Allotment Money to Ascent Pinnacle Capital Ltd. Party Forfeited the above amount now w/off during the year

9. Payments to auditors include the following:

Audit fees: (Inclusive of Rs. 3,090/- as service tax) Rs. 28,090/- (Previous Year - Rs. 28,090/-)

10. Related Party Disclosure

Related part)'' disclosures as required under Accounting Standard on "Related Party Disclosures" issued by the Institute of Chartered Accountants of India are given below: a) Relationship:

Holding Company:

Rajendra Seclease Limited

Subsidiary Company:

Kautilya Infotech Ltd.

Common Directors:

1. Maple eSolutions Limited.

2. NDR Hospitals Limited.

3. Anramu Fin vest Private Limited.

4. Supriya Securities Private Limited.

5. Seagull Shares & Stocks Private Limited.

6. Kasi Ram Softech (India) Limited.

7. Cyber On-Line Softel Private Limited.

8. Triton Corp Limited.

11. Previous Year figures have been regrouped / recast wherever necessary'' to make figures comparable.

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Mar 31, 2013

1. In the opinion of the management, the current assets, loans and advances are expected to realize unless otherwise stated at least the amount at which they are stated, if realized in the ordinary course of business and provision for all known liabilities has been adequately made in the accounts.

2. Sundry Creditors

The Com pany has not received information fro*wendors regarding their status under the Micro, Small and Medium Enterprise Development Act, 2006 and hence disclosure relating to amounts unpaid as at the year end together with interest paid / payable if any under this Act, have not been given.

3. Sundry Debtors and Sundry creditors are subjecMo confirmation.

4. No provision for gratuity has been made during the year.

5. Related Party Disclosure

Related party disclosures as required under Accounting Standard on "Related Party Disclosures" issued by the Institute of Chartered Accountants oflndia are given below: a) Relationship:

Promoter Company:

Rajendra Seclease Limited

Subsidiary Companies:

Kautilya Infotech Ltd.

Common Directors:

1. Maple eSolutions Limited.

2. NDR Hospitals Limited.

3. Anramu Finvest Private Limited.

4. Supriya Securities Private Limited.

5. Seagull Shares & Stocks Private Limited.

6. Kasi Ram Softech (India) Limited.

7. Cyber On-Line Softel Private Limited.

8. Triton Corp Limited.

6. Previous Year figures have been regrouped / recast wherever necessary to make figures comparable.

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Mar 31, 2011

1. In the opinion of the management, the current assets, loans and advances are expected to realize unless otherwise stated at least the amount at which they are stated, if realized in the ordinary course of business and provision for all known liabilities has been adequately made in the accounts.

2. Sundry Creditors

The Company has not received information from vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure relating to amounts unpaid as at the year end together with interest paid / payable if any under this Act, have not been given.

3. Sundry Debtors and Sundry creditors are subject to confirmation.

4. No provision for gratuity has been made during the year.

5. Revaluation of Land & Building Go down during the year Land & Building Go down of the company have been revalued by a govt. regd. Valuer and based on the report, a Revaluation Reserve of Rs. 15,16,90,870.10 has been created in the books of accounts. During the year no depreciation has been charged on the revaluation part of the Land & Building go down.

6. The annual accounts of the company could not be audited within the stipulated time under the provisions of section 159 read with section 166 of the Companies Act, 1956, as the part of the records / books of account pertains to the corporate office situated at B- 31, sector 5, NOIDA (U. P.), were not in possession of the company due to sealing of the premises by Bank of India, Asset Recovery Branch, Rani Jhansi Road, Jhandewalan, New Delhi Branch on 29-01-2011 under the SARFAESI Act.

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Mar 31, 2010

1. In the opinion of the management, the current assets, loans and advances are expected to realize unless otherwise stated at least the amount at which they are stated, if realized in the ordinary course of business and provision for all known liabilities has been adequately made in the accounts.

2. Sundry Creditors

The Company has not received information from vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure relating to amounts unpaid as at the year end together with interest paid / payable if any under this Act, have not been given.

3. Sundry Debtors and Sundry creditors are subject to confirmation.

4. No provision for gratuity has been made during the year.

5. Revaluation of Land & Building Godown

During the year Land & Building Godown of the company have been revalued by a govt. regd. Valuer and based on the report, a Revaluation Reserve of Rs. 15,16,90,870.10 has been created in the books of accounts. During the year no depreciation has been charged on the revaluation part of the Land & Building godown.

6. Payments to auditors include the following:

Audit fees: (Inclusive of Rs.2,575/- as service tax) Rs. 27,575/-

(Previous Year - Rs. 27,575/-)

7. Related Party Disclosure

Related party disclosures as required under Accounting Standard on "Related Party Disclosures" issued by the Institute of Chartered Accountants of India are given below:

a) Relationship:

Promoter Company:

Rajendra Seclease Limited

Subsidiary Companies:

Kautilya Infotech Ltd.

Common Director

1 Maple eSolution Ltd.

2 NDR Hospital Ltd

3 Seagull Shares & Stocks Private Limited.

4 Anramu Finvest Private Limited.

5 Supriya Securities Private Limited.

6 Kasi Ram- Softech (India) Limited.

7 Cyber On Line Softel Private Limited.

8 Triton Corp Limited.

8. Previous Year figures have been regrouped / recast wherever necessary to make figures comparable.