Notes to Accounts of Real Eco-Energy Ltd.

Mar 31, 2016

(a) Terms/Rights attached to Equity Shares

The company has only one class of equity shares having a per share value of Rs. 10/- per share. Each holder of equity shares 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 the shareholders.

A Allahabad Bank - Term Loan

1 Term Loan of Allahabad Bank is secured against the land area of bungalow no 1-23, 25, 27-29, 31-35, 38-41 having total land area of 16479.72 sq mtrs.

2 Rate of Interest on loan from Allahabad Bank is 4.5% over base rate.

3 Loan from Allahabad Bank is repayable in 15 months including initial moratorium period of 3 months from the date of first disbursement i.e. 20/06/2013.

4 Company has defaulted in repayment of Term loan from Allahabad Bank. Term Loan was to be repaid in September 2014. However, it was repaid in January, 2016.

B AU Financiers Ltd - Term Loan

5 Term Loan is secured by registered mortgage on the property situated at consolidated "Windsor Wood" Plot No 1, R S No 37 paiki 1 paiki 2 of Village Jivapar, near Beiti Bridge, Taluka Chotila Dist. Surendranagar admeasuring 12535.65 sq mtrs.

6 Loan from AU Financiers Ltd is repayable in 18 EMI of Rs. 57,42,520/- after completion of moratorium period of 24 months.

7 Rate of interest on Loan from AU Financiers Bank is 18% rate.

C Unsecured Loan from Directors / ex-directors

8 Unsecured loan from directors / ex-directors are interest free and repayable on demand.

Balance Outstanding with MSMED Suppliers -

The Management of the Company represents that, based on the information and suppliers profile available with the Company as at March 31, 2016, the management believes that no trade payable is covered under Micro, small and Medium Enterprise Development Act, 2006. As a result, no interest provision or payments have been made by the company to such suppliers, if any and no related disclosures are made in these accounts.

Trade payable is subject to balance Confirmation.

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Mar 31, 2015

1. Nature of Operations

Real Realty Management Company Limited [ Earlier known as Hill lock Agro Foods (India) Limited] was incorporated on 03/08/1993 is a manufacturer of Brass & Copper Extrusion and Components.

2. Basis of Preparation

The financial statements have been prepared to comply in all material respects with the standards specified under Section 133 of the Companies Act, 2013 ("Act"), read with Rule 7 of the Companies (Accounts) Rules, 2014 and the relevant provisions of the Act. The financial statements have been prepared under historical cost convention on an accrual basis except in case of assets for which provision for impairment is made. The accounting policies have been consistently applied by the Company and except for the changes in accounting policy discussed below, are consistent with those used in the previous year.

3. PREVIOUS YEAR FIGURES

Previous year figures have been regrouped / reclassified, where necessary, to conform to this year's classification.

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Mar 31, 2014

1 Nature of Operations

Real Realty Management Company Limited [Formerly known as Hillock Agro Foods (India) Limited], incorporated on 03/08/1993. The company is engaged in business of Real Estate development

2 Basis of Preparation

The financial statements have been prepared to comply in all material respects with the standards notified under The Companies (Accounting Standards) Rules, 2006 and the relevant provisions of the Companies Act, 1956. The financial statements have been prepared under historical cost convention on an accrual basis except in case of assets for which provision for impairment is made. The accounting policies have been consistently applied by the Company and except for the changes in accounting policy discussed more fully below, are consistent with those used in the previous year.

3 Amalgamation and Demerger

A The company has applied for scheme of demerger of its agro division into Deepvandana Tradelink Private Limited and amalgamation of Real Realty Management Company Private Limited with the company on 13/04/2011 and filed petition on 16/05/2011. The Scheme is approved by Honourable High Court of Gujarat vide order dated 01/11/2012 with appointed date as 01/07/2010 and company has filed the copy of High Court Order with Registrar of Companies on 07/02/2013. Hence, as per scheme of arrangement it is effective from 07/02/2013.

B Pursuant to scheme of arrangement, the company''s share capital is reduced from Rs.4,01,06,000/- to Rs.1,20,31,800/-. However, record date for reduction of share capital is fixed on 14/05/2013.

C Pursuant to scheme of arrangement the company has allotted 36,00,000 fully paid up equity shares of Rs. 10 each at price of Rs. 19.67 to the shareholders of Real Realty Management Company Private Limited on 17/05/2013. Hence, as at 31st March, 2013 36,00,000 pending to be issued is shown as Equity Share Suspense.

D The net impact of income accruing and expense incurred by the transferor companies from appointed date till the date of high court order is incorporated in the statement of profit and loss of current financial year, as the transferor companies carried on the existing business in "trust" on the behalf of the company and all the vouchers, documents, etc. for that period were made in the name of the transferor companies.

E Excess of liability over transfer Assets on demerger of agro Division into Deepvandana Tradelink Private Limited is to credited to General Reserve

F Excess Consideration paid on amalgamation with Real Realty Management Company Private Limited is treated as Goodwill and Shown as Intangible Assets in Balance sheet.

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Mar 31, 2013

1 Nature of Operations

Real Realty Management Co. Pvt. Ltd [Formerly known as Hillock Agro Foods (India) Limited], incorporated on 03/08/1993. The company is engaged in business of Real Estate development

2 Basis of Preparation

The financial statements have been prepared to comply in all material respects with the standards notified under The Companies (Accounting Standards) Rules, 2006 and the relevant provisions of the Companies Act, 1956. The financial statements have been prepared under historical cost convention on an accrual basis except in case of assets for which provision for impairment is made. The accounting policies have been consistently applied by the Company and except for the changes in accounting policy discussed more fully below, are consistent with those used in the previous year.

3 Amalgamation and Demerger

A The company has applied for scheme of demerger of its agro division into Deepvandana Tradelink Private Limited and amalgamation of Real Realty Management Company Private Limited with the company on 13/04/2011 and filed petition on 16/05/2011. The Scheme is approved by Honourable High Court of Gujarat vide order dated 01/11/2012 with appointed date as 01/07/2010 and company has filed the copy of High Court Order with Registrar of Companies on 07/02/2013. Hence, as per scheme of arrangement it is effective from 07/02/2013.

B Pursuant to scheme of arrangement, the company''s share capital is reduced from Rs.4,01,06,000/- to Rs.1,20,31,800/-. However, record date for reduction of share capital is fixed on 14/05/2013.

C Pursuant to scheme of arrangement the company has allotted 36,00,000 fully paid up equity shares of Rs. 10 each at price of Rs. 19.67 to the shareholders of Real Realty Management Company Private Limited on 17/05/2013. Hence, as at 31st March, 2013 36,00,000 pending to be issued is shown as Equity Share Suspense.

D The net impact of income accruing and expense incurred by the transferor companies from appointed date till the date of high court order is incorporated in the statement of profit and loss of current financial year, as the transferor companies carried on the existing business in "trust" on the behalf of the company and all the vouchers, documents, etc. for that period were made in the name of the transferor companies.

E Excess of liability over transfer Assets on demerger of agro Division into Deepvandana Tradelink Private Limited is to credited to General Reserve

F Excess Consideration paid on amalgamation with Real Realty Management Company Private Limited is treated as Goodwill and Shown as Intangible Assets in Balance sheet. G The Figures of Previous Year of Balance sheet and Profit and Loss Account is not Comparable with the Figure of Current Year because of the effect of Scheme of Demerger and Amalgamation given in the Current year.

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Mar 31, 2012

1 Nature of Operations

Hillock Agro Foods (India) Limited, incorporated on 03-08-1993 is engaged in manufacturing, processing and dealing as exporters for Floor, food Agro business.

2 Basis of Preparation

The financial statements have been prepared to comply in all material respects with the standards notified under The Companies (Accounting Standards) Rules, 2006 and the relevant provisions of the Companies Act, 1956. The financial statements have been prepared under historical cost convention on an accrual basis except in case of assets for which provision for impairment is made. The accounting policies have been consistently applied by the Company and except for the changes in accounting policy discussed more fully below, are consistent with those used in the previous year.

3 Other Notes

(a) Previous years figures are regrouped and rearranged wherever necessary to meet current year classification.

(b) Going Concern

The net worth of the company has eroded. However, the company expects to revive its financial position and expects to venture into some new area of business. The business plans are under consideration and when implemented it is expected that the same shall lead to improvement in its operational performance in future. Considering these facts, the accounts of the comapny are prepared on going concern basis.

Further, the company has applied for scheme of demerger and amalgamation on 13/04/11 and petition date on 16/05/11 with effect from 01/07/10. Final approval for the scheme is pending with the High Court.

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Mar 31, 2009

1.Previous Years Figures have been regrouped and rearranged wherever necessary and they are not comparable with the Current years Figures.

2.Balances of Receivables, Other Current Assets, Loans and Advances, Creditors, Current Liabilities are shown on the basis of book value, and subject to confirmation.

3.In the opinion of the Board of Director Current Assets and Loans and Advances are approximately of the value stated, if realized in the ordinary course of business.

4. Provision for Income Tax :

Company has not provided for Incometax or MAT as the same is not applicable because of accumulated losses and unabsorbed depreciation.