Notes to Accounts of Ardi Investment & Trading Company Ltd.

Mar 31, 2012

1. Contingent Liabilities (AS-4)

There is no Contingent Liability in the opinion of the Management.

2.Changes After Date Of Balance Sheet

There is no material change occurred after the date of Balance sheet till date of audit affecting the financial statements as on 31.03.2012.

3.Other Long Term Liabilities, Other Currents Liabilities, Other Current Assets, Cash & Cash Equivalents are subject to confirmation.

---

Mar 31, 2011

1. In the opinion of the Board of Directors, the Current Assets, Loans & Advances have realizable value in the ordinary course of business at least equal to the amount at which they are stated in the balance sheet.

Balances of sundry Advances and balances of bank current account are subject to reconciliation, since confirmations have not been received from them. Necessary entries shall be passed on the receipt of same if required.

2. There are no dues to small scale industrial undertaking more than 1 lac under Sundry Creditors.

3. Certain provisions for The Income Tax has been made by the company, it does not contemplate any tax liabilities for the year on account of tax losses available for carry forward. There is no reasonable certainty that the sufficient taxable income will be available in future against which deferred tax assets on account of accumulated carry forward losses at the beginning of the year and losses for the year can be realized. Accordingly deffered tax assets as at the beginning of the year has not been recognized in the accounts as prescribed by the Accounting Standard AS22 "Tax on income" prescribed by the Institute of Chartered Accountants of India.

4. Provisions of the payment of Gratuity Act,1972 is not applicable to the Company.

5. Previous period figures have been appropriately reclassified/recast to confirm to the current period''s presentation.

6. Additional information pursuant to paragraph 3 of Part II of schedule VI of the Companies Act, 1956 is not applicable to the Company.

7. Current Assets, Loans & Advances & Current liabilities are subject to confirmation.