Notes to Accounts of Mahavir Advanced Remedies Ltd.

Mar 31, 2014

1. Disclosure for Payment to Micro, Small & Medium Enterprises

The Company has not received any intimation from their suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure, if any, relating to the amount unpaid as at the year end together with interest paid / payable as required under the said Act, have not been given.

2. Impairment of Assets

Company Management during the year have carried out technographical evaluation for identification of Assets, if any, in accordance with Accounting Standard 28. Based on the judgement of the Management and as certified by Directors, no provision for impairement is found to be necessary in respect of any Assets as all the assets were sold off during the year

Note : 1

The revised Schedule VI has been become effective from 1st April 2011 for the preparation of Financial Statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous Years'' figures have been regrouped/re-classified wherever necessary to the correspond with the current year classifications / disclosures.

---

Mar 31, 2013

1.1 Related Parties Disclosures (As per Accounting Standard 18)

1. Relationship

a. Wholly Owned Company - Not Any

b. Associate Company - None

c. Company under the Common Control of Promoters

d. Key Management Personnel

2. Transactions

There has been no related parties transactions during the year under review except normal share transactions executed through

1.2 Disclosure for Payment to Micro, Small & Medium Enterprises

The Company has not received any intimation from their suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure, if any, relating to the amount unpaid as at the year end together with interest paid / payable as required under the said Act, have not been given.

1.3 Impairment of Assets

Company Management during the year have carried out technographical evaluation for identification of Assets, if any, in accordance with Accounting Standard 28. Based on the judgement of the Management and as certified by Directors, no provision for impairement is found to be necessary in respect of any Assets as all the assets were sold off during the year.

---

Mar 31, 2012

A.The company has one class of Equity shares having a par value of Re. 10/- each. Each shareholder is eligible to one vote per share held.

1.1 Related Parties Disclosures (As per Accounting Standard 18)_

1. Relationship

a. Wholly Owned Company - Not Any

b. Associate Company - None

c. Company under the Common Control of Promoters

d. Key Management Personnel

2. Transactions

There has been no related parties transactions during the year under review except normal share transactions executed through

b. Secondary Segment

The Company operates predomentaly within the geographical limits of India. It has no secondary segment revenue.

1.2 Disclosure for Payment to Micro, Small & Medium Enterprises_

The Company has not received any intimation from their suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure, if any, relating to the amount unpaid as at the year end together with interest paid / payable as required under the said Act, have not been given.

1.3 Impairment of Assets

Company Management during the year have carried out technographical evaluation for identification of Assets, if any, in accordance with Accounting Standard 28. Based on the judgement of the Management and as certified by Directors, no provision for impairement is found to be necessary in respect of any Assets as all the assets were sold off during the year

Note : 1.4

The revised Schedule VI has been become effective from 1st April 2011 for the preparation of Financial Statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous Years'' figures have been regrouped/re-classified wherever necessary to the correspond with the current year classifications / disclosures.

---

Mar 31, 2010

1. Depreciation is charged on fixed assets as per The Companies Act, 1956.

2. In the opinion of the Board of directors, current assets, loans and advances have value on realization in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet. The provisions for all known liabilities are adequate and not in excess of the amount reasonably necessary.

3. Balances of Sundry debtors, Sundry creditors, loans and advances are subject to confirmation.

4. Previous Years figures are regrouped or rearranged wherever necessary to make them comparable with the current years figures.