Notes to Accounts of Checkpoint Trends Ltd.

Mar 31, 2014

1. Terms / Rights attched to equity shares

The Company has only one class of equity shares having par value at Rs.10/- per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in ensuing Annual General Meeting.

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 all preferential amounts. The Distribution will be in proportion to the number of equity shares held by the shareholders.

2. There are no creditors as defined under the Micro, Small and Medium Enterprises Development Act, 2006.

3. In our opinion the current assets, Loans & Advances are approximately of the value stated, if realized in the ordinary course of business.

4. Provision for all known liabilities are adequate and are not in excess of the amount considered reasonably necessary.

5. Expenditure incurred in foreign currency is NIL.

6. The disclosure requirements under Part II of Revised Shedule VI of the Companies Act, 1956 are given to the extent applicable to the Company.

7. As per AS-18, notified in the Companies (Accounting Standards) Rules 2006, there is no related party transaction during the year.

8. Claim against the Company not acknowledge as debts : Rs.Nil

9. Previous year figures have been re-grouped and re-arranged if required making them comparable with current year figures.

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Mar 31, 2013

1. There are no creditors as defined under the Micro, Small and Medium Enterprises Development Act, 2006.

2. In our opinion the current assets, Loans & Advances are approximately of the value stated, if realized in the ordinary course of business.

3. Provision for all known liabilities are adequate and are not in excess of the amount considered reasonably necessary.

4. Expenditure incurred in foreign currency is NIL.

5: The disclosure requirements under Part II of Revised Shedule VI of the Companies Act, 1956 are given to the extent applicable to the Company.

6: As per AS-18, notified in the Companies (Accounting Standards) Rules 2006, there is no related party transaction during the year.

7: Claim against the Company not acknowledge as debts : Rs.Nil

8: Previous year figures have been re-grouped and re-arranged if required making them comparable with current year figures.

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Mar 31, 2012

1. There are no creditors as defined under the Micro, Small and Medium Enterprises Development Act, 2006.

2. In our opinion the current assets, Loans & Advances are approximately of the value stated, if realized in the ordinary course of business.

3. Provision for all known liabilities are adequate and are not in excess of the amount considered reasonably necessary.

4. Expenditure incurred in foreign currency is NIL.

5: The disclosure requirements under Part II of Revised Shedule VI of the Companies Act, 1956 are given to the extent applicable to the Company.

6: As per AS-18, notified in the Companies (Accounting Standards) Rules 2006, there is no related party transaction during the year.

7: Claim against the Company not acknowledge as debts : Rs.Nil

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Mar 31, 2010

1. Current liabilities do not include any amounts outstanding to small scale industrial units.

2. Balances of Sundry Debtors, Creditors, Loans and Advances which were not confirmed, are as per books of accounts only.

3. Previous year figures are regrouped or reclassified wherever necessary to confirm to the presentation of the current year.

4. From the current year, the company has recognized Rs. 3.76 crores as advance receivable from capital work in progress, by differentiating advances given to vendors for capital work in progress as advance receivable, company is in adanced stage of negotiations with the vendors for returning the amount as company does not intent to complete the capital work in progress, Accordingly, an amount of Rs.3.30 crores has been classified as advance receivable.

5. RELATED PAI DISCLOSURES:

Parties with when the company had transactions Key Management Personnel: Mr. Narender Kumar Gupta Mrs. Nirupa Gupta

Defferred Tax Asset: On timing differences of Defferred Revenue Expenditure

6. SEGMENT REPORT:

There are no various segments all are classified under one category i.e. Pharmaceuticals

7 ADDITIONAL INFORMATION REQUIRED UNDER PARA 3 & 4 OF APRT II OF SCHEDULE VI TO THE COMPANIES ACT, 1956.