Notes to Accounts of Indo Pacific Projects Ltd.

Mar 31, 2015

1. in accordance with the provision of AS-22 the deferred tax liability for the year under audit has been made as per the provisions of AS-22 by 1CAI.

2. As Per Information & Explanations given tu us there is no contingent Liabilities against the Company.

3. Information required under Revised Schedule VI to the Companies Act, 1956 has been given only to the extent applicable.

4. Previous year's figures are regrouped, reclassified and rearranged wherever required.

a) Rights and Preference attached to Equity shares

The Company has equity shares having a par value of Rs 1/-. Each Shareholder is entitled for one vote per share. The Shareholders have the right to receive interim Dividends declared by the board of the Directors and final dividend proposed by the Board of Directors and approved by the Shareholders.

In Event of Liquidation by the company, the shareholders will be entitled in proportion to the number of Equity shareholders held by them to receive remaining assets of the company, after dissolution to those it w3s secured,

The Shareholders have all the other rights as available to Equity Shareholders as per the provision of the Companies Act 19S6 read together with the Memorandum and Articles of Association of the company, as applicable.

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Mar 31, 2014

1. As per the information and explanation provided by the management, the Company h« no contingent liability,

2. Estimated amount of contracts remaining to be executed on capital accounts not provided for- MIL (P Y - NIL)

3. In the opinion of the Board current assets, leans and advances are approximately of the value stated, if realized in the ordinary course of business- Confirmation of Balances in respect of the deposits and Advances, Sundry Creditors, Sundry Debtors and other payablesefc were not available for verification at the time of audit

4. REMUNERATION TO STATUTORY AUCTION

Audit Fees: Rs 25000 /- (FY te, 10000/1

5. MANAGERIAL REMUNERATION .

1, Mr, Nandkumer liarchandani Fts.8,00,000/

2. Ms. Archer* D Wart Rs 5,00,000/

6. SEGMENT REPORTING:

The Company serves to business segments i,e. Construction, Entertain merit and other related Business, which is governed by the same set of risk and returns.

7. RELATES PARTY DISCLOSURE

Related parly Disclosures have been made as applicable In the Tax Audit Report & the Annentre thereto.

8. In accordance with the provision of AS-72 the deferred tax liability for Ihe year under audit has been made as per the provisions of AS-22 by IGAL

9. AS PER INFORMATION AND EXPLANATION GIVEN TO US THERE IS NO CONTINGENT LIABILITIES AGAINST THE COMPANY

10. Information required under Revaed Schedule VI to the Companies Act, 1956 Isas been given only to the extent applicable.

11. Previous year's figures are regrouped, reclassified and rearranged wherever required.

12 Rights and PrefHente attached to Equity Shares

The Company hat equity sham having * par value of Rs If-. Each Shareholder is entitled lor one vote per share The SharthotitTi have the right to receive interim Dividends declared by lhe board of the Directors end final dividend proposed by the fioard of Director's and approved by I he Shareholders.

m Event tsf Liquidation bv the company, the shareholders wMI be entitled in proportion In the number of Equity shareholders held by them to receive remaining assets of the comply, after dissolution to those it was secured.

the 5ftaeehokler5 have all the other right available to Equity Shareholders as per the provision of the Companies Act 1956 read together with the IVtemenndu m and Articles of Association of I hr company, as applicable.

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Mar 31, 2013

1. As per the information and explanation provided by the management, the Company has no contingent liability.

2. Estimated amount of contracts remaining to be executed on capital accounts not provided for – NIL (P.Y. – NIL)

3. In the opinion of the Board current assets, loans and advances are approximately of the value stated, if realized in the ordinary course of business. Confirmation of Balances in respect of the Deposits and Advances, Sundry Creditors, Sundry Debtors and other payables etc. were not available for verification at the time of audit.

4. REMUNERATION TO STATUTORY AUDITOR

Audit Fees: Rs.25000 /- (PY Rs. 10000/-)

5. MANAGERIAL REMUNERATION :

1. Mr. Nandkumar Harchandani Rs.8, 00,000/-

2. Ms. Archana D. Wani Rs. 8,00,000/-

6. SEGMENT REPORTING :-

The Company serves to business segments i.e. Construction, Entertainment and other related Business, which is governed by the same set of risk and returns.

7. RELATED PARTY DISCLOSURE :-

Related party Disclosures have been made as applicable in the Tax Audit Report & the Annexures thereto.

8. EARNING PER SHARE (EPS)

Divisible Profit for the year 2012-2013 Rs.1,03,78,210.61

No. of Equity Shares 10,05,08,000

Earning Per Shares Rs.0.103

9. In accordance with the provision of AS-22 the deferred tax liability for the year under audit has been made as per the provisions of AS-22 by ICAI.

10. AS PER INFORMATION AND EXPLANATION GIVEN TO US THERE IS NO CONTINGENT LIABILITIES AGAINST THE COMPANY

11. Information required under Revised Schedule VI to the Companies Act, 1956 has been given only to the extent applicable.

12. Previous year figures are regrouped, reclassified and rearranged wherever required.

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Mar 31, 2012

A Rights and Preference attached to Equity shares

The Company has equity shares having a par value of Re 1. Each Shareholder is entitled for one vote per share. The Shareholders have the right to receive interim Dividends declared by the board of the Directors and final dividend proposed by the Board of Directors and approved by the Shareholders.

Bin Event of Liquidation by the company, the shareholders will be entitled in proportion to the number of Equity shareholders held by them to receive remaining assets of the company, after dissolution to those it was secured.

The Shareholders have all the other rights as available to Equity Shareholders as per the provision of the Companies Act 1956 read together with the Memorandum and Articles of Association of the company, as applicable.

1. As per the information and explanation provided by the management, the Company has no contingent liability.

2. Estimated amount of contracts remaining to be executed on capital accounts not provided for - NIL (P.Y. - NIL)

3. In the opinion of the Board current assets, loans and advances are approximately of the value stated, if realized in the ordinary course of business. Confirmation of Balances in respect of the Deposits and Advances, Sundry Creditors, Sundry Debtors and other payables etc. were not available for verification at the time of audit.

4. MANAGERIAL REMUNERATION :

1. Mr. Nandkumar Harchandani Rs. 10,00,000/-

2. Ms. Archana D. Wani Rs. 5,00,000/-

5. SEGMENT REPORTING :-

The Company serves to business segments i.e. Construction, Entertainment and other related Business, which is governed by the same set of risk and returns.

6. RELATED PARTY DISCLOSURE :-

Related party Disclosures have been made as applicable in the Tax Audit Report & the Annexures thereto.

7. EARNING PER SHARE (EPS)

Divisible Profit for the year 2011-2012 Rs. 18,757,676

No. of Equity Shares 10,05,08,000

Earning Per Shares Rs.1.865

8. In accordance with the provision of AS-22 the deferred tax liability for the year under audit has been made as per the provisions of AS-22 by ICAI.

9. Information required under Schedule VI to the Companies Act, 1956 has been given only to the extent applicable.

10. Previous year''s figures are regrouped, reclassified and rearranged wherever required.

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Mar 31, 2011

1. As per the information and explanation provided by the management, the Company has no contingent liability.

2. Estimated amount of contracts remaining to be executed on capital accounts not provided for - NIL (P. Y. - NIL)

3. In the opinion of the Board current assets, loans & advances are approximately of the value stated, if realized in the ordinary course of business. Confirmation of Balances in respect of the Deposits and Advances, Sundry Creditors, Sundry Debtors and other Payables etc. were not available for verification at the time of audit.

4. SEGMENT REPORTING

The Company serves to only one segment i.e. entertainment and other related business which is governed by the same set of risk and returns.

5. RELATED PARTY DISCLOSURE:

Related party disclosures have been made as applicable in the Tax Audit Report & the annexures thereto.

6. In accordance with the provisions of AS-22 the provision for deferred tax liability for the year under audit has not been made as per the provision of AS-22 by ICAI. in the current years as it is not required for.

7. Previous years figures have been regrouped, reclassified and rearranged wherever required.

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Mar 31, 2010

1. As per the information and explanation provided by the management, the Company has no contingent liability.

2. Estimated amount of contracts remaining to be executed on capital accounts not provided for - NIL (P.Y. - NIL)

3. In the opinion of the Board current assets, loans & advances are approximately of the value stated, if realized in the ordinary course of business. Confirmation of balances in respects of the deposits and advances, sundry creditors, sundry debtors and other payables etc. were not available for verification at time of audit.

4. MANAGERIAL REMUNERATION:

1. Mr. Nandkumar K. Harchandani Rs.5,00,000/- p.a.

2. Ms. Archana D. Wani Rs.5,00,000/- p.a.

5. SEGMENT REPORTING

The Company serves to only one segment i.e. entertainment and other related business which is governed by the same set of risk and returns.

6. RELATED PARTY DISCLOSURE:

Related party Disclosures have been made as applicable in the Tax Audit Report & Annexures thereto.

7. EARNING PER SHARE (EPS)

Divisible Profit for the year 2009 - 2010 : Rs.16,313,143/-

No. of Equity Shares : 10,05,08,000

Earning Per Share 0.16 per share

8. In accordance with the provisions of AS-22 the deferred tax liability for the year under audit has been made as per the provisions of AS-22 by ICAI.

9. Previous years figures are regrouped, reclassified and rearranged wherever required.

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Mar 31, 2009

1. As per the information £t explanation provided by the management, the Company has no contingent liability.

2. Estimated amount of contracts remaining to be executed on capital accounts not provided for - NIL (P.Y. - NIL)

3. In the opinion of the Board current assets, loans & advances are approximately of the value stated, if realized in the ordinary course of business. Confirmation of balances in respect of the deposits and advances, sundry creditors, sundry debtors and other paybles etc. were not available for verification at the time of audit.

4. AAANAGERIAL REMUNERATION:

1. Mr. Nandkumar K. Harchandani Rs.5,00,000/- p.a.

2. Ms. Archana D. Warn Rs.5,00,000/- p.a.

5. SEGMENT REPORTING-

The Company serves to only one segment i.e. Entertainment and other related Business, which is governed by the same set of risk & returns.

6. RELATED PARTY DISCLOSURE: -

Related party disclosures have been made as applicable in the tax audit report & annexures there on

7. EARNING PER SHARE (EPS):-

Divisible Profit for the year 2008-2009: Rs. 2,22,64,535.

No. Of Equity Shares: 10,05,08,000.

Earning Per Share Rs. 00.22.

8. In accordance with the provisions of AS-22 the provision for deferred tax liability for the year under audit has been made as per provisions of AS-22 by ICAI.

9. Previous years figures are regrouped, reclassified and rearranged wherever required.