Notes to Accounts of Luminaire Technologies Ltd.

Mar 31, 2014

1. a. Terms & Conditions

The Company has only one class of equity shares having a par value of Re. 1 per share. Each holder of equity share is entitled to one vote per share.

Note 2: In the opinion of the Board, the Current Assets, Loans & Advances are approximately of the value stated and are realizable in the ordinary course of business. The provision for all known liabilities is adequate and not in excess of the amount reasonably necessary.

Note 3: Some of the sundry debtors, sundry creditors, Loans and advances are subject to confirmation and reconciliation. Consequential adjustment thereof, if any, will be given effect into the books of accounts in the year of such adjustment.

Note 4: Previous figures have been regrouped/rearranged wherever necessary.

Note 5 Other Additional information required as per revised Schedule VI Part II as either nil or not applicable to the company during the year.

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Mar 31, 2013

Note 1 : In the opinion of the Board, the Current Assets, Loans & Advances are approximately of the value stated and are realizable in the ordinary course of business. The provision for all known liabilities is adequate and not in excess of the amount reasonably necessary.

Note 2 : Some of the sundry debtors, sundry creditors, Loans and advances are subject to confirmation and reconciliation. Consequential adjustment thereof, if any, will be given effect into the books of accounts in the year of such adjustment.

Note 3 :Previous figures have been regrouped/rearranged wherever necessary.

Note 4 : Other Additional information required as per revised Schedule VI Part II as either nil or not applicable to the company during the year.

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Mar 31, 2010

A) In the opinion of the Board, the Current Assets, Loans & Advances are stated approximately at the value, if realized in ordinary course of business.

b) Estimated amount of contracts remaining to be executed on capital account and not provided for Rs NIL (previous year Rs. NIL) against which advance has been paid Rs. NIL - (previous year Rs. NIL)

c) Additional information required under Part-11 ofScheduleVl of the Companies Act, 1956 to the extent relevant.

Note: The Company is engaged in the business of development of computer software and diversified into media and entertainment activities. The production of computer software and rendering of the said activities cannot be expressed in generic unit. Hence it is not possible to give the quantitative details of sales and other information as required under paragraph 3,4C, and 4D of Part II of schedule VI of the Companies Act, 1956.

e) During the year, company does not have any eligible employee for gratuity and leave encashment, hence disclosure required as per AS-15(revised) are not applicable and accordingly not given.

h) Information as required by Part IV of Schedule VI to the Companies Act, 1956 relating to the Balance Sheet Abstract and Companys General Business Profile has been given in separate sheet.

i) Previous year figures have been regrouped/re-arranged wherever considered necessary.

j) There are no dues owed to Micro, Small and Medium undertakings as defined under the Micro, Small and Medium Enterprises Development Act, 1996.

I) As per Accounting Standard 18 (AS-18) "Related Party Disclosures" issued by ICAI, the disclosures of transaction with the related parties as defined in AS-18 are give below:

(i) List of related parties and relationships:

Sr.No. Name of the Related Party Relationship

1 IndiaNivesh TV Network Pte. Ltd. Subsidiary Company

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Mar 31, 2009

A) In the opinion of the Board, the Current Assets, Loans & Advances are stated approximately at the value, if realized in ordinary course of business.

b) Estimated amount of contracts remaining to be executed on capital account and not provided for Rs NIL (previous year Rs. 14.00 Lakh) against which advance has been paid Rs. .NIL -(previous year Rs. 515000/-)

c) Additional information required under Part-11 of Schedule VI of the Companies Act, 1956 to the extent relevant.

Note : The Company is engaged in the business of development of computer software and diversified into media and entertainment activities. The production of computer software and rendering of the said activities cannot be expressed in generic unit. Hence it is not possible to give the quantitative details of sales and other information as required under paragraph 3,4C, and 4D of Part II of schedule VI of the Companies Act, 1956

Other additional information are either nil or not applicable to the company.

e) During the year, company does not have any eligible employee for gratuity and leave encashment, hence disclosure required as per AS-15(revised) are not applicable and accordingly not given.

f) Earning Per Share:

g) Information as required by Part IV of Schedule VI to the Companies Act, 1956 relating to the Balance Sheet Abstract and Companys General Business Profile has been given in separate sheet.

h) Previous year figures have been regrouped/re-arranged wherever considered necessary.

i) There are no dues owed to Micro.Small and Medium undertakings as defined under the MicrcSmall and Medium Enterprises Development Act, 1996.

j) As per Accounting Standard 18 (AS-18) "Related Party Disclosures" issued by ICAI, the disclosures of transaction with the related parties as defined in AS-18 are give below:

(i) List of related parties and relationships:

Sr. No. Name of the Related Party Relationship

1 IndiaNivesh TV Network Pte.Ltd. Subsidiary Company

2 Rajesh Nuwal Chairman

(ii) Transactions during the year with Related Parties (Excluding reimbursements):]