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Notes to Accounts of Unishire Urban Infra Ltd.

Mar 31, 2015

1. Unishire Urban Infra Limited (the Company) was incorporated on 23th April, 1991. The principal activity of the Company is real estate development and construction. Our company is also engaged in equity shares trading and investing activities. In September, 2013 Mr. Pratik K Mehta, Mr. Vinay K Mehta, Mr. Kirti K Mehta and Mrs. Nutan K Mehta took over our company and accordingly our company entered in the business of construction.

2a Terms/Rights attached to Shares

The Company has issued only one class of equity shares having par value of Rs. 10 each per share. Each shareholder is entitled to one vote per share held in the meeting of shareholder. The dividend proposed by the board of director is subject to the approval of shareholders in the ensuring annual general meeting. In the event of liquidation, the equity shareholders are eligible to receive remaining assets of the Company after distribution of all prefential amount in proportion to their shareholding.

3 The previous years figures have been re-arraged/re-grouped, wherever found necessary.


Mar 31, 2014

1. Unishire Urban Infra Limited (the Company) was incorporated on 23th April, 1991. The principal activity of the Company is real estate development and construction. Our company is also engaged in equity shares trading and investing activities. In September, 2013 Mr. Pratik K Mehta, Mr. Vinay K Mehta, Mr. Kirti K Mehta and Mrs. Nutan K Mehta took over our company and accordingly our company entered in the business of construction.

2. SHARE CAPITAL

2a. Reconciliation of Shares outstanding at the beginning and at the end of the reporting period

2b. Terms/Rights attached to Shares

The Company has issued only one class of equity shares having par value of Rs. 10 each per share. Each shareholder is entitled to one vote per share held in the meeting of shareholder. The dividend proposed by the board of director is subject to the approval of share holders in the ensuring annual general meeting. In the event of liquidation, the equity shareholders are eligible to receive remaining assets of the Company after distribution of all prefential amount in proportion to their shareholding.

2c. Details for preceding Five Years of Equity Shares:

During the preceding five year our company has issued Rs. 241.577 Lacs of equity shares of the face value Rs. 10/- each.

3. The company was converted to public limited company in terms of Section 31/21 read with Section 44 of the Companies Act, 1956. Fresh certificate of incorporation consequent upon change of name on conversion to public limited company is issued pursuant to Section 23(1) of the said act as on January 23, 2013.

4. The company has no employee to whom the provision of Section 217(2A) of the Companies Act, 1956 is applicable.

5. The company is a Small and Medium Sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 1956. Accordingly the company has complied with the Accounting Standards as applicable to a Small and Medium Sized Company.

6. In the opinion of the board of directors, all current assets, loans & advances have a value on realisation in the ordinary course of business atleast equal to the amount at which they are stated.

7. Based on information available with the company, there are no clients/creditors who are registered under Micro, Small and Medium Enterprises Development Act, 2006.

8. There is no small scale industrial undertaking to whom the company owes amounts outstanding for more than 30 days as at 31st March, 2013.

9. Related party disclosures as required by Accounting Standard 18 in accordance with the Companies Accounting Standards Rules, 2006:

The company has not entered into any transaction with related parties pursuant to Accounting Standard AS-18 issued by the Companies Accounting Standards Rules, 2006 in current financial year and in previous financial year. Hence no disclosure is required under the clause.

10. The previous years figures have been re-arraged/re-grouped, wherever found necessary.

Summary Statement of Cash Flow:

Notes:

1. The above Cash Flow Statement has been prepared under the "Indirect Method" as set out in the accounting standard 3 "Cash Flow Statement".

2. Previous year figure have been regrouped/rearranged/re casted wherever necessary to make them comparable with those of current year.

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