Notes to Accounts of G D Trading & Agencies Ltd.

Mar 31, 2014

1 The Company operates only in one business segment viz.trading in shares & securities. Further, there are no geographical segments. Hence, no disclosure are required under Accounting standard 17 on segment Reporting prescribed by Companies (Accounting Standards) Rules, 2006.

2 Related parties

(i) Names of Key management personnel

Director - Mr. Shekhar Somani

(ii) Individuals owning, directly or indirectly, an interest in the voting power of the reporting enterprise that gives them control or significant influence over the enterprise, and relatives of any such individual.

Mr.Shekhar Somani

(iii) Other enterprises where Key management personnel exercise significant influence.

Ceres Company Private Limited

Shree Vindhya Paper Mills Limited

3 No contract on capital account remains to be executed.

4 There are no amounts payable to Small Scale Industrial Undertaking to whom the company owes a sum exceeding Rs. 1 lac which is outstanding for more than 30 days.

5 Managerial Remuneration paid to Directors Rs. NIL during the year.

6 Certain debit/credit balances in the accounts are subject to cofirmation.

7 In the opinion of the Board, the Current Assets, Loans & advances are approximately of the value stated if realised in ordinary course of business. The provision of all known liabilities is adequate and not in excess of the amount reasonably necessary.

8 Expenditure in Foreign Currency during the year amounted to Rs.NIL/- for Travelling & other expenses (Previous Year Rs. NIL).

9 Earning in Foreign Currency during the year amounted to Rs. NIL of Export of Services (Professional charges in connection with outsourced research on Indian companies) (Previous Year Rs. NIL).

10 Figures have been rounded off to the nearest rupees.

11 There has been a diminution in the value of long term quoted investments to the extent of Rs.7,40,70,921/-(P.Y. Rs. 7,40,70,921/-). No provision has been made for the same since in the opinion of the management the diminution if any will be accounted at the time of final settlement of the investments.

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Mar 31, 2013

1.1.1 The Company operates only In one business segment v1z.trading 1n shares & securities. Further, there are no geographical segments. Hence, no disclosure are required under Accounting Standard 17 on segment Reporting prescribed by Companies (Accounting Standards) Rules, 2006.

1.1.2 Related parties

(I) Names of Key management personnel

Director - Mr. Shekhar Somani

(II) Individuals owning, directly or indirectly, an interest in the voting power of the reporting enterprise that gives them control or significant influence over the enterprise, and relatives of any such individual.

Mr. Shekhar Somani

(ill) Other enterprises where Key management personnel exercise significant influence.

Ceres Company Private Limits

Shree Vindhya Paper Mills Limited .

1.1.3 No contract on capital account remains table executed.

1.1.4 There are no amounts payable to Small Scale industrial Undertaking to whom the company owes a sum exceeding Rs. 1 ac which is outstanding for more than 30 days. .

1.1.5 Managerial Remuneration paid to Directors Rs.NIL during the year.

1.1.6 Certain debit/credit balances in the accounts are subject to confirmation.

1.1.7 In the opinion of the Board, the Current Assets, Loans & advances are approximately of the value stated if realized in ordinary course of business. The provision of all known liabilities is adequate and not in excess of the amount reasonably necessary.

1.1.8 Expenditure in Foreign Currency during the year amounted to Rs.NIL/- for Travelling & other expenses(Prev1ous Year Rs.N1L).

1.1.9 Earning in Foreign Currency during the year amounted to Rs.NIL of Export of Services (Professional charges in connection with outsourced research on Indian companies) (Previous Year Rs.NIL).

1.1.10 Figures have been rounded off to the nearest rupees.

1.1.11. There has been a diminution In the value of long term quoted investments to the extent of Rs.7,40,70,921/-(P.Y. Rs. 7,40,70,921/-). No provision has been made for the same since in the opinion of the management the diminution if any will be accounted at the time of final settlement vestments.

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Mar 31, 2012

1.1.1 The Company operates only in one business segment viz. trading in shares & securities. Further, there are no geographical segments. Hence, no disclosure are required under Accounting Standard 17 on segment Reporting prescribed by Companies (Accounting Standards) Rules, 2006.

1.1.2 Related parties

(i) Names of Key management personnel

Director - Mr. Shekhar Somani

(ii) Individuals owning, directly or indirectly, an interest in the voting power of the reporting enterprise that gives them control or significant influence over the enterprise, and relatives of any such individual.

Mr. Shekhar Somani

(iii) Other enterprises where Key management personnel exercise significant influence.

Ceres Company Private Limited

Shree Vindhya Paper Mills Limited

1.1.3 No contract on capital account remains to be executed.

1.1.4 There are no amounts payable to Small Scale Industrial Undertaking to whom the company owes a sum exceeding Rs. 1 #ac which is outstanding for more than 30 days.

1.1.5 Managerial Remuneration paid to Directors Rs. NIL during the year.

1.1.6 Certain debit/credit balances in the accounts are subject to confirmation.

1.1.7 In the opinion of the Board, the Current Assets, Loans & advances are approximately of the value stated if realised in ordinary course of business. The provision of all known liabilities is adequate and not in excess of the amount reasonably necessary.

1.1.8 Expenditure in Foreign Currency during the year amounted to Rs. NIL/- for Traveling & other expenses(Previous Year Rs. NIL).

1.1.9 Earning in Foreign Currency during the year amounted to Rs. NIL of Export of Services (Professional charges in connection with outsourced research on Indian companies) (Previous Year Rs. NIL).

1.1.10 Figures have been rounded off to the nearest rupees.

1.1.11. There has been a diminution in the value of long term quoted investments to the extent of Rs. 7,40,70,921/-(P.Y. Rs. 7,40,70,921/-). No provision has been made for the same since in the opinion of the management the diminution if any will be accounted at the time of final settlement of the investments.

1.1.12 Loans and Inter-corporate deposits given include- loans given to Shree Vindhya Paper Mills Ltd. Rs. 2,94,12,416/- (P.Y Rs. 2,98,94,499/-) in which relatives of director are director

1.1.13. Contingent liability not provided in respect of Preference Dividend amounting to Rs. NIL/- P.Y. (66,00,000/-). During the year, Board of directors has amended the terms of payment of dividend in respect of Preference shares.

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Mar 31, 2011

Notes annexed to and forming part of Balance Sheet as at and Profit & Loss Account for the year ended 31st March 2011:-

1. Contingent liability not provided in respect of Preference Dividend amounting to Rs 66,00,000/- P.Y.(60,50,000/-)

2. Some of the balances of debtors, creditors, loans and advances and deposits, given and taken are subject to confirmation.

3. In the opinion of the Board, the current assets, loans and advances have the value, at which they are stated in the balance sheet, if realised in the ordinary course of business. Provision or all known liabilities made are adequate and not in excess of the amount reasonably required.

4. There has been a diminution in the value of long term quoted investments to the extent of Rs7,40,70,921/- (P.Y. Rs. 7,40,70,921/-). No provision has been made for the same since in the opinion of the management the diminution is on account of temporary market feature and the said investments are not intended to be traded.

5. Loans and Inter-corporate deposits given includes loans given to Shree Vindhya Paper Mills Ltd. Rs.2,98,82,725/- (P.Y Rs. 2,98,82,725/-) in which relatives of director are director.

6. Related Party Disclosure pursuant to Accounting Standard - 18;

A) List of Related Parties whose the Company has entered into transaction during the year.

1. Key Management Personnel & Relatives of Key Management Personnel Mr. Sanjay Somani, Director

Mr. Shekhar Somani Mr. Vinod Mimani

2. Associates

Ceres Company Pvt. Limited Shree Vindhya Paper Mills Limited Shekhar Somani, HUF Hotel Empire Ltd.

7. In view of time limitations on carry forward losses and as a matter of prudence Deferred tax Assets arising on account of brought forward losses and unabsorbed depreciation under tax laws has not been recognised.

8. Earning per share (EPS) computed in accordance with Accounting Standard 20: "Earning Per Share"

The Company does not have any outstanding dilutive potential equity shares consequently for basic and diluted earnings per share of the Company remains the same.

9. Figures of previous year have been regrouped, recast and wherever necessary.

10. Additional information pursuant to the provision of Part II of Schedule - VI of the Companies Act, 1956:

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Mar 31, 2009

Notes annexed to and forming part of Balance Sheet as at and Profit &Loss Account for the year ended 31 st March 2009:-

1.Contingent liability not provided in respect of Preference Dividend amounting to Rs 55,00,000,-P.Y.(49,50,000/-).

2.Some of the balances of debtors,creditors,loans and advances and deposits,given and taken are subject to confirmation.

3 In the opinion of the Board,the current assets,loans and advances have the value,at which they are stated in the balance sheet,if realised in the ordinary course of business.Provision or all known liabilities made are adequate and not in excess of the amount reasonably required.

4.There has been a diminution in the value of long term quoted investments to the extent of Rs7,40,70,92.1/-(P.Y.Rs.7,40,70,921/-).No provision has been made for the same since iu iiic opinion of the management ,the diminution is on acuouui uf temporary market feature and the said investments are not intended to be traded.

5.Loans and Inter-corporate deposits given includes loans given to Shree Vindhya Paper Mills Ltd.Rs.2,87,88,916/-(P.Y Rf 2,52,29,491 -!in which relatives of director are director

6 Related Party Disclosure pursuant to Accounting Standard -18; A)List of Related Parties whose the Company has entered into transaction during the year

1 Key Management Personnel &Relatives of Key Management Personnel

Mr N K.Somani.Director

Mr Shekhar Somani

Mr Vinod Mimani

2 Associates

Ceres Company Pvt Limited

Shrce Vindhya Paper Mills Limited,

Shekhar Somani,HUF

7 In view of time limitations on carry forward losses and as a matter of prudence Deferred tax Assets arising on account of brought forward losses and unabsorbed depreciation under tax laws has not been recognised

9 No provision has been made in respect of Sundry Debtors of Rs 6,00,000/- which was outstanding since long As in the opinion of the management the same is still considered good .

10.Since company has not having any employee hence are not liable for fringe benefit tax and hence no provision for the same is being made.

11.Figures of previous year have been regrouped,recast and redassified wherever necessary.

12.Addition & informationpursuant to the provision of Part II of Schedule -VI of the Companies Act,1956: