Notes to Accounts of N B Footwear Ltd.

Mar 31, 2015

1 Related party djactoaure under Accounting Standard -18

(I) The list of related parties as identified by the Management are as under:

Enterprises owned by/over which Key Management Personnel (KMP) is able to exercise significant influence:-

1 Chameleon Commodities Private Limited

2 Grandeur Corporation Private Limited

3 Aditya Investments and Communication Limited -

(ii) There were no transactions with the related parties.

3 Accounting Standard 22

Accounting Standard for taxes on income issued by the Institute of Chartered Accountants of India is applicable to the Company. However, due to substantial looses, on principles of prudence, the Company has not recognised any deferred tax asset.

4 Accounting Standard 28 - Impairment of Aaaeta

During the year 2011-J2, the entire block of assets were sold and hence there is no impairment of assets observed.

5 Consequent to the notification under the Companies Act 1956, the financial statements for the year ended 31 st March 2015 are prepared under revised Schedule

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Mar 31, 2014

(i) The list of related parties as identified by the Management are as under:

Enterprises owned by/over which Key Management Personnel (KMP) is able to exercise significant influence:-

1 Chameleon Commodities Private Limited

2 Grandeur Corporation Private Limited

3 Aditya Investments and Communication Limited

(ii) There were no transactions with the related parties.

3 Accounting Standard 22 Accounting Standard for taxex on income issued by the Institute of Chartered Accountants of India is applicable to the Company. However, due to substantial losses, on principles of prudence, the Company has not recognised any deferred tax asset.

4 Accounting Standard 28- Impairment of Assets

During the year 2011 12, the entire block of assets were sold and hence there is no impairment of assets observed.

5 Consequent to the notification under the Companies Act 1956, the financial statements for the year ended 31st March 2014 are prepared under revised Schedule

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Mar 31, 2013

1 Related party disclosure under Accounting Standard -18

(I) The list of related parties as identified by the Management are as under:

Enterprises owned by/over which Key Management Personnel (KMP) is able to exercise significant influence:-

1 Chameleon Commodities Private Limited

2 Grandeur Corporation Private Limited

3 Accounting Standard 22- Accounting for taxed on income issued by the Institute of Chartered Accountants is applicable to the Company. However, due to substantial losses, on principles of prudence, the Company has not recognized any deferred tax asset.

4 Accounting Standard 28 - Impairment of Assets

During the year 2011-12, the entire block of assets were sold and hence there is no impairment of assets observed.

5 Consequent to the notification under the Companies Act 1956, the financial statements for the year ended 31 st March 2013 are prepared under revised Schedule (annexed to and forming part of the financial statements for the year ended 31.03.2013)

1 These financial statements have been prepared on an accrual basis and under historical cost convention and in compliance with all materials aspects, with the applicable accounting principles in India, the applicable accounting standards notified under Section 211 (3C) and the other relevant provisions of the Companies Act 1956.

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Mar 31, 2010

1 Contingent liabilities

1. Sales tax Rs. 1,71,533/-(Previous year Rs. 1,71,533).

2. Customs duty Rs. 57,429/- (Previous year Rs. 57,429).

2 The Company operates in only one segment-Footwear.

3 Related party disclosure under Accounting Standard -18

(I) The list of related parties as identified by the Management are as under:

Enterprises owned by/over which Key Management Personnel (KMP) is able to exercise significant influence:-

1 Grandeur Corporation Limited

2 Transchem Limited

3 Aditya Investment and Communication Limited

4 Chameleon Commodities Limited

4 Accounting Standard 22 - Accounting for taxes on income issued by The Institute of Chartered Accountants of India is applicable to the Company. However, due to substantial losses, on principles of prudence, the Company has not recognised any deferred tax asset.

5 Accounting Standard 28 - Impairment of Assets The Company has taken up a study on impairment of assets to with the Accounting Standard - 28 issued by the The Institute of Chartered Accountants of India.

ii Capital raised during the year (Amount in Rs.Thousands)

Public Issue - -

Rights Issue - -

Bonus Issue - -

Private placement - -

6 Previous years figures have been regrouped/recast, wherever necessary, to confirm to this years classificaton

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Mar 31, 2009

1 Contingent liabilities

1. Sales tax Rs. 1,71,533/- (Previous year Rs. 1,71,533).

2. Customs duty Rs. 57,429/- (Previous year Rs. 57,429).

3 The Company operates in only one segment-Footwear.

4 Related party disclosure under Accounting Standard -18

(I) The list of related parties as identified by the Managemenigre as under:

Enterprises owned by/over which Key Management Personnel (KMP) is able to exercise significant influence:-

1 Grandeur Corporation Limited

2 Transchem Limited

3 Aditya Investments and Communications Limited

4 Chameleon Commodities Limited

8 Accounting Standard 22 - Accounting for taxes on income issued by The Institute of Chartered Ac- countants of India is applicable to the Company. However, due to substantial losses, on principles of prudence, the Company has not recognised any deferred tax asset.

9 Accounting Standard 28 - Impairment of Assets The Company has taken up a study on impairment of assets to comply with the Accounting Standard - 28 issued by the The Institute of Chartered Accountants of India.

13 Previous years figures have been regrouped/recast, wherever necessary, to confirm to this years classification