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Notes to Accounts of Citi Port Financial Services Ltd.

Mar 31, 2014

1. (a) Rights, preferences and restrictions attached to shares:

The company has one class of equity shares having a par value of Rs.10/- each. Each shareholder is eligible for one vote per share held. The dividend proposed by the board of directors is subject to the approval of the shareholders in the ensuing Annual General Meeting except in the case of interim dividend. In the event of liquidation, the equity sharesholders are eligible to receive the remaining assets of the company after distribution of all preferential amounts, in proportion to their shareholding.

2. Note : Segment Reporting

The company''s operations consist one line of activity year by year. The Company is primarily operating in India which is considered as a single geographical segment. Hence there are no reportable segments under Accounting Standard - 17, issued by Institute of Chartered Accountants of India, during the year under report.

The conditions prevailing in India being uniform, no separate geographical disclosures are considered necessary.

3. Note:

Estimated amount of contracts remaining to be executed on capital account and not provided for (net of advances) is: Nil (Nil)

4. Note:

In the opinion of the Board, current assets, loans and advances are stated at a value which could be realized in the ordinary course of business. The provision for all known liabilities made is adequate and not in excess of the amount reasonably necessary.

5. Note:

Additional information pursuant to Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 is annexed.


Mar 31, 2013

1 Note : Segment Reporting

The company''s operations consist one line of activity year by year. The Company is primarily operating in India which is considered as a single geographical segment. Hence there are no reportable segments under Accounting Standard – 17, issued by Institute of Chartered Accountants of India, during the year under report. The cond itions prevailing in India being uniform, no separate geographical disclosures are considered necessary.

2 Note:

Estimated amount of contracts remaining to be executed on capital account and not provided for (net of advances) is: Nil (Nil)

3 Note:

In the opinion of the Board, current assets, loans and advances are stated at a value which could be realized in the ordinary course of business. The provision for all known liabilities made is adequate and not in excess of the amount reasonably necessary.

4 Note:

Additional information pursuant to Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 is annexed.

* Provision for Standard Assets has been made @ 0.25% on standard assets as per Reserve Bank of India direction, vide its notifcation no. DNBS.223/CGM (US) - 2011 dated 17.01.2011


Mar 31, 2012

1 Note : Segment Reporting

The company's operations consist one line of activity year by year. The Company is primarily operating in India which is considered as a single geographical segment. Hence there are no reportable segments under Accounting Standard - 17, issued by Institute of Chartered Accountants of India, during the year under report. The conditions prevailing in India being uniform, no separate geographical disclosures are considered necessary.

2 Note:

Estimated amount of contracts remaining to be executed on capital account and not provided for (net of advances) is: Nil (Nil)

3 Note:

In the opinion of the Board, current assets, loans and advances are stated at a value which could be realized in the ordinary course of business. The provision for all known liabilities made is adequate and not in excess of the amount reasonably necessary.

4 Note:

Additional information pursuant to Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 is annexed.


Mar 31, 2010

1. All amounts in the financial statements are presented in Rupees as otherwise stated. Figures in brackets represent corresponding previous year figures in respect of Profit & Loss items and in respect of Balance Sheet date of previous year. Figures for the previous year have been regrouped / rearranged wherever considered necessary to confirm to the figures presented in the current year.

2. Contingent Liabilities not provided for;

Particulars 2009-10 2008-09

Bank Guarantees Nil Nil

Corporate Guarantees Nil Nil

Letter of Credit Nil Nil

Demands against the company not acknowledgedas debts and not provided for in respect of which the Company has filed appeal

-Income Tax

-Sales Tax Nil Nil

Claims against the Company not acknowledged as debts Nil Nil

8. Based on the information available with the Company, there are no dues outstanding in respect of Micro, Small and Medium enterprises at the balance sheet date. No amounts were payable to such enterprises which were outstanding for more than 45 days. Further, no interest during the year has been paid or payable in respect thereof. The above disclosure has been determined to the extent such parties have been identified on the basis of information available with the Com- pany. This has been relied upon by the auditors.

9. In the opinion of the Board, current assets, loans and advances are stated at a value which could be realized in the ordinary course of business. The provision for all known liabilities made is adequate and not in excess of the amount reasonably necessary.

10. The companys operations consist one line of activity year by year. The Company is primarily operating in India which is considered as a single geographical segment. Hence there are no reportable segments under Accounting Standard - 17, issued by Institute of Chartered Accoun- tants of India, during the year under report. The conditions prevailing in India being uniform, no separate geographical disclosures are considered necessary.

11. Reporting on Related parties; In accordance with the Accounting Standard - 18 issued by Insti- tute of Chartered Accountants of India, Name of related parties and description of relationship.

Relationship Name of the Personnel / Entity

Key Management Personnel Suraj Thammineni, Prattipati Parthasarathi, Minjur Doraisamy Ethirajan, Anil Kumar Talasila, Ratan Kishan Musurnur

Relative of Key Management Personnel Nil

Enterprises own or significantly Phat Phish India Private Ltd, Talus Infra Ventures influenced by Key Management Private Ltd, Seven Hills Wellness Pvt Ltd, Personnel or their relatives Golden Valley Holdings Ltd, Northgate Technologies Ltd, Social Media India Ltd, Andhra Electronics Ltd, Citizen Communication Ltd, Manjeet Chemicals Private Ltd, Madhuha Designer Wear Private Ltd, Infrastructure and Developers Private Ltd.

12. There was no impairment loss on fixed assets on the basis of review carried out by the manage- ment in accordance with Accounting Standard - 28 issued by Institute of Chartered Accountants of India. Further during the review of assets of the company, those assets which were found to be having nil market value will be provided as per the adopted policy.

13. Debit and Credit balances of parties are subject to confirmation by the respective parties.

14. Additional information pursuant to provisions of Para 3, 4C and 4D of Part - II of Schedule VI of Companies Act, 1956 - Not Applicable.