Notes to Accounts of Mega Nirman & Industries Ltd.

Mar 31, 2015

1. Terms/ Rights attached to Securities:

1) The Company has only one class of Equity Shares having a 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 holders 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 shares held by shareholders.

2. In the opinion of Board of Directors, the aggregate value of Current assets, Loans and Advances are realizable in ordinary course of business and will not be less than the amount at which these are stated in the balance sheet.

3. Deferred Tax Assets for the year of Rs.45015/- as per Accounting Standards 22 on Accounting for Taxes on income pertaining to the timing between the accounting income and the taxable income has been recognized by the management in the Profit & Loss Account.

4. In the opinion of the company management, the operations of the company are considered as single segment hence AS-17 on Segment reporting issued by the Institute of Chartered Accountants of India is not applicable.

5. Contingent Liabilities

There is no contingent liability as on 31st March, 2015.

6. Previous year figures have been re-grouped/re-classified wherever necessary to make them comparable with the current year figures.