Notes to Accounts of J. Taparia Projects Ltd.

Mar 31, 2016

B. TERMS/ RIGHTS ATTACHED TO EQUITY SHARES

The Company has only one class of equity share having par value of Rs. 10/- per share. Each holder of Equity share is entitled to one vote per share.

In the event of liquidation of the company, the holder of equity shares will be entitled to receive remaining assets of the Company after distribution of all preferential amounts. The Distribution will be in proportion to the number of equity share held by the shareholders._

As per the records of the Company, including its Register of Members and other declarations received from the shareholders regarding beneficial interest, the above shareholders represents legal ownership of shares._

SHARES ISSUED FOR CONSIDERATION OTHER THAN CASH

Out of the above 1,60,00,000 (1,60,00,000) Equity Shares have been allotted as fully paid up for consideration other than cash.

i Based on the information / documents available with the Company, no creditor is covered under Micro, Small and Medium Enterprise Development Act, 2006. As a result, no interest provision/payments have been made by the Company to such creditors, if any, and no disclosures thereof are made in these accounts.

ii Loans & advances and trade receivables balances are subject to confirmation by the respective parties.

iii The management has assessed that there is no impairment of Fixed Assets requiring provision in the Accounts. Accordingly, there is no debit to the Profit & Loss Account for the impairment of Assets.

iv The Financial Statements and Notes on Account has been prepared as per the Companies Act, 2013 with their Schedule as the same is effective from 1st April, 2014

v The Company has an Investment of? 2,00,000/- in equity shares of M/S SHREE LAXMI NARAYAN MILLS LIMITED, which is under liquidation. 100% provision has been made in the books as there is permanent diminution in the value of investment.

vi The Company is engaged in the business of Consultancy Services and accordingly there are no separate reportable segments as per AS -17 issued by The ICAI.

vii Related Party Disclosure :

As per accounting standard 18 the information for related parties is given below:

Name of the related parties

KEY MANAGEMENT PEROSNNEL ( KMP)

1. Sanjit Dhawa - Managing Director

2. Mahavir Jain - Chief Financial Officer

3. Sudha Agarwal - Company Secretary

viii The Company has Complied this information based on the current information in its possession. As at 31.03.2016, No supplier has intimated the Company about its status as a Micro or Small enterprise or its Registration with the appropriate authority under under Micro, Small and Medium Enterprise Development Act, 2006.

Amount due to Micro Small and Medium Enterprises as on 31.03.2016 NIL ( P.Y NIL )

ix No provision has been made for Deferred Tax assets on account of carried forward loss for the year as per the Income Tax Act, in view of uncertainty of income that will be available in future for realization of the said assets

x The company will recognize the deferred tax liabilities/assets on the timing differences for the period in which there is virtual certainty of future income by way of prudence in accordance with AS-22 " Accounting For Taxes On Income " issued by the Institute of Chartered Accountants of India.

xi No provision has been made on account of leave salary as there are no leave to the credit of employees as at the end of the year.

xii No provision has been made on account of gratuity as there are no employees who have completed the required number of years as per the Payment of Gratuity Act, 1972.

xiii Previous Year figures have been regrouped, rearranged or recanted wherever considered necessary.

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Mar 31, 2011

01 The Company has an Investment of Rs 2,00,000/- in equity shares of M/S SHREE LAXMI NARAYAN MILLS LIMITED, which is under liquidation and No provision has been made in the accounts for the doubtful amount of Investment as the amount of doubtful debt is uncertain .

02 The Company is engaged in the business of Investing activities and there are no separate reportable segments as per AS-17.

03 As the Company has not paid / entered into any transaction with the related parties during the year under audit, no separate information is disclosed as per the requirements of AS-18.

04 None of the employees have completed five years of continued service making them eligible for Gratuity. Hence No provision has been made in the accounts for the same .

05 There are no outstanding leaves to the credit employees at the end of the year . Hence No provision has been made in the accounts for leave salary .

06 Figures in Brackets represent previous Year figures.

07 Previous Year figures have been regrouped, rearranged or recasted wherever considered necessary.