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Notes to Accounts of Pan India Corporation Ltd.

Mar 31, 2015

1. ADDITIONAL INFORMATION :

1 In the opinion of the Board, all the current assets, loans and advances are approximately of the value stated in the Balance Sheet, if realized in the ordinary course of the business.

2 The Company is in process of obtaining confirmation of Balance in respect of Trade Recievables, Trade Payables, Loans and Advances etc. Necessary adjustment, if any, will be made on receipts and reconciliation of such balance. In view of above, such balances are stated as per Books of Accounts only.

2 CONTINGENT LIABILITIES: Nil Nil

3 SEGMENT REPORTING (AS-17)

As per management, there is only one reportable segment during the year.

4 RELATED PARTY INFORMATION (AS-18)

A. Related Party Relationship

i. Key Management Personnel:

Ankit Rath i V.P. Shukla

ii. Companies over which (ii) above has influence:

K.K Kargomail Pvt Ltd Prurient IT Solutions Pvt Ltd Vizwise Commerce Pvt Ltd Bits Ltd

5 VALUATION OF INVESTMENT (AS-13)

The investments held by the company are non current investments. In the opinion of the management there is no permanent decline in the value of Investments and therefore no provision is required to be made as per Accounting Standard-13 on Investments.

6 Information pursuant to part II of the Companies Act, 2013:

i) No of employees who are in receipt of remuneration of Rs. 60, 00,000/- or more if employed full year or Rs. 5, 00,000/- or more per month if employed for part of the year. Nil (Previous year Nil)

ii) Earning in Foreign Currency Nil (Previous year Nil)

iii) Expenditure in Foreign Currency Nil (Previous year Nil)

Purchase & Sales of Goods Traded under broad heads:

7 According to the information available with the company, there is no amount due to Micro, Small & Medium Enterprises as at 31st March, 2015.

8 Previous year figures have been reclassified & regrouped wherever necessary.

9 Note 1 to 18 forms an integral part of the accounts for the year ended March 31, 2015.


Mar 31, 2014

1.1 In the opinion of the Board, all the current assets, loans and advances are approximately of the value stated in the Balance Sheet, if realized in the ordinary course of the business.

1.2 The Company is in process of obtaining confirmation of Balance in respect of Trade Recievables, Trade Payables, Loans and Advances etc. Necessary adjustment, if any, will be made on receipts and reconciliation of such balance. In view of above, such balances are stated as per Books of Accounts only.

1.3 CONTINGENT LIABILITIES: Nil Nil

1.4 SEGMENT REPORTING (AS-17)

As per management, there is only one reportable segment during the year.

1.5 According to the information available with the company, there is no amount due to Micro, Small & Medium Enterprises as at 31st March, 2014.

1.6 Previous year figures have been reclassified & regrouped wherever necessary.


Mar 31, 2013

1.1 In the opinion of the Board, all the current assets, loans and advances are approximately of the value stated in the Balance Sheet, if realized in the ordinary course of the business.

1.2 The Company is in process of obtaining confirmation of Balance in respect of Trade Recievables, Trade Payables, Loans and Advances etc. Necessary adjustment, if any, will be made on receipts and reconciliation of such balance. In view of above, such balances are stated as per Books of Accounts only.

1.3 CONTINGENT LIABILITIES: Nil Nil

1.4 SEGMENT REPORTING (AS-17)

As per management, there is only one reportable segment during the year.

1.5 RELATED PARTY INFORMATION (AS-18)

A. Related Party Relationship

i. Associate Company:

Bits Ltd

ii. Key Management Personnel: Ankit Rathi

iii. Companies over which (ii) above has influence: K.K Kargomail Pvt Ltd Prurient IT Solutions Pvt Ltd Vizwise Commerce Pvt Ltd

1.6 ACCOUNTING FOR TAXES ON INCOME (AS-22):

Company has written back provision of Rs. 228606/- for deferred taxes as required in AS-22 on Accounting for taxes on Income.

1.7 Information pursuant to part II of the Companies Act 1956:

1.8 According to the information available with the company, there is no amount due to Micro, Small & Medium Enterprises as at 31st March, 2013.

1.9 Previous year figures have been reclassified & regrouped wherever necessary.


Mar 31, 2012

1.1 In the opinion of the Board, all the current assets, loans and advances are approximately of the value stated in the Balance Sheet, if realized in the ordinary course of the business.

1.2 The Company is in process of obtaining confirmation of Balance in respect of Trade Recievables, Trade Payables, Loans and Advances etc. Necessary adjustment, if any, will be made on receipts and reconciliation of such balance. In view of above, such balances are stated as per Books of Accounts only.

1.3 CONTINGENT LIABILITIES: Nil Nil

1.4 SEGMENT REPORTING (AS-17)

As per management, there is only one reportable segment during the year.

1.5 RELATED PARTY INFORMATION (AS-18)

A. Related Party Relationship

i. Associate Company: Bits Ltd

ii. Key Management Personnel:

Ankit Rathi

iii. Companies over which (ii) above has influence.

K.K Kargomail Pvt Ltd

Prurient IT Solutions Pvt Ltd ,

Vizwise Commerce Pvt Ltd :

1.6 Information pursuant to part II of the Companies Act 1956:

i) No of employees who are in receipt of remuneration of Rs. 24,00,000/- or more if employed full year or Rs. 2,00,000/- or more per month if employed for part of the year. Nil: (Previous year Nil)

ii) Earning in Foreign Currency Nil ( Previous year Nil)

iii) Expenditure in Foreign Currency Nil ( Previous year Nil)

1.7 According to the information available with the company, (here is no amount due to Micro, Small & Medium Enterprises as at 31st March, 2012.

1.8 Previous year figures have been reclassified & regrouped wherever necessary.


Mar 31, 2010

1.1 in the opinion of the Board, alt the current assets, loans and advances are approximately of the value stated in the Balance Sheet, if realized in the ordinary course of the business.

1.2 The Company is in process of obtaining confirmation of Balance in respect of Sundry Debtors, Sundry Creditors, Loans and Advances etc,. Necessary adjustment, if any, Will be made on receipts and reconciliation of such balance. In view of above, such balances are stated as per Books of Accounts only.

1.3 SEGMENT REPORTING (AS-17)

As per management, there is only one reportable segment during the year.

1.4 RELATED PARTY INFORMATION (AS-18)

A. Related Party Relationship

i. Associates & Promoters:

AJD Leasing & Finance Ltd.

First India Capital Service Ltd.

BITS Ltd.

Shri Deoraha Finfease Pvt. Ltd.

Shri Ram Sevak Finvest Pvt. Ltd.

Dreamland Entertainment Network Ltd

Ravico (India) Ltd

Shri Devdas Capital Pvt Ltd.

ii. Subsidiary Companies

Neat Developer Ltd.

Shalani Dhoop Pvt Ltd

Aggarwal Fincap Pvt. Ltd

iii. Key Management Personnel:

Ankit Rathi

Ashok Agarwal

V.P.Shukla

B. Related Party transactions

All the aforesaid Related Party transactions are in the nature of Finance except:

* transactions relating Purchase of Shares / Fabric.

** including Rs 8791460 which has been shown as payment against credit balance.

1.5 ACCOUNTING FOR TAXES ON INCOME (AS-22):

Company has made provision of Rs. 7,35,696/- for deferred taxes as required in AS.-22 on Accounting for taxes on Income.

1.6 SEBI had cancelled the STAI/RTI license of the company vide its order dated 17th May, 2002 against which the Company has filed an appeal with SAT Hence the Company has discontinued its STA/RTI since that date As per the order declared by SAT. Our cancellation has been restricted upto the coming five years.

1.7 information pursuant to para 3 and 4 of part II of the companies Act 1956:

i) No of employees who are in receipt of remuneration of Rs 24,00,000/- or more if employed full year or Rs 2,00,000/- or more per month if employed for part of the year. NIL (Previous year nil)

ii) Earning in Foreign Currency NIL ( Previous year nil}

iii) Expenditure in Foreign Currency NIL ( Previous year nil)

1.8 According to the information available with the company, there is no amount due to Micro, Small & Medium Enterprises as at 31st March, 2010.

1.9 During the financial year 2008-2009 Neat Developers had become wholly owned subsidiary of the company. Stock in trade includes 8300 shares of Neat Developers Ltd. Which have already been purchased.

1.10 Previous year figures have been reclassified & regrouped wherever necessary.

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