Notes to Accounts of Family Care Hospitals Ltd.

Mar 31, 2025

13.4 Rights, Preferences and Restrictions attaching to each class of shares Equity Shares having a face value of? 10 a As to Dividend: -

The Shareholders are entitled to receive dividend in proportion to the amount of paid up equity shares held by them, The Company has not declared dividend during the year,

b As to Repayment of Capital: -

In the event of liquidation of the Company, the holders of equity shares are entitled to receive the remaining assets of the Company after distribution of all preferential amounts. The distribution will be in proportion of the number of shares held by the shareholders, c As to Voting:-

The Company has only one class of shares referred to as equity shares having a face value of ? 10. Each holder of the equity share is entitled to one vote per share.

29. Disclosures pursuant to Indian Accounting Standard 108 âOperating Segmentsâ

The Company operates in a single business segment viz. Healthcare Services; accordingly, there is no reportable business or geographical segments as prescribed Under Indian Accounting Standard 108 âOperating Segmentsâ.

32. Disclosures pursuant to Indian Accounting Standard 17 âLeasesâ

The Company does not have any lease transaction as on 31st March, 2025 (Previous year 31st March, 2024) and the disclosures pursuant to Indian Accounting Standard 17 âLeasesâ does not arise.

33. Basic and diluted earnings per share [EPS] computed in accordance with Indian Accounting Standard 33 âEarnings per Shareâ34. Disclosure required under the Micro, Small and Medium Enterprises Development Act, 2006 (the Act)

There are Micro, Small and Medium Enterprise to whom the Company owes dues which were outstanding as the balance sheet date. The above information regarding Micro, Small and Medium Enterprise has been determined to the extent such parties have been identified on the basis of the information available with the Company. This has been relied upon by the Auditors.

36.2 Fair Value measurement

Fair Value Hierarchy and valuation technique used to determine fair value:

The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable and are categorized into Level 1, Level 2 and Level 3 inputs.

36.3 Financial risk management objectives and policies

The Companyâs principal financial liabilities comprise loans and borrowings, trade and other payables. The main purpose of these financial liabilities is to finance the Companyâs operations and to provide guarantees to support its operations. The Companyâs principal financial assets include trade and other receivables, and cash and cash equivalents that derive directly from its operations.

The Companyâs business activities expose it to a variety of financial risks, namely liquidity risk, market risks and credit risk. The Company''s senior management has the overall responsibility for the establishment and oversight of the Company''s risk management framework. The top management is responsible for developing and monitoring the Company''s risk management policies. The Company''s risk management policies are established to identify and analyze the risks faced by the Company, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company''s activities 36.4.1 Management of Liquidity Risk

Liquidity risk is the risk that the Company will face in meeting its obligations associated with its financial liabilities. The Companyâs approach to managing liquidity is to ensure that it will have sufficient funds to meet its liabilities when due without incurring unacceptable losses. In doing this, management considers both normal and stressed conditions. The following table shows the maturity analysis of the Company''s financial liabilities based on contractually agreed undiscounted cash flows as at the Balance Sheet date.

36.4.2 Market Risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of risk: interest rate risk, currency risk and other price risk, such as equity price risk. Financial instruments affected by market risk include loans and borrowings, deposits, FVTOCI investments.

The sensitivity analyses in the following sections relate to the position as at March 31,2025 and March 31,2024.

36.4.3 Credit Risk

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The company is exposed to credit risk from its operating activities (primarily trade receivables) and from the deposits with banks and financial institutions and other financial instruments.

Trade Receivables

Customer credit risk is managed by each business unit subject to the Company established policy, procedures and control relating to customer credit risk management. Credit quality of a customer is assessed based on an extensive credit rating scorecard and individual credit limits are defined in accordance with this assessment. Outstanding customer receivables are regularly monitored. at March 31, 2025.

An impairment analysis is performed at each reporting date on an individual basis for major clients. In addition, a large number of minor receivables are grouped into homogenous groups and assessed for impairment collectively. The calculation is based on exchange losses historical data. The maximum exposure to credit risk at the reporting date is the carrying value of each class of financial assets. The Company does not hold collateral as security. The Company evaluates the concentration of risk with respect to trade receivables as low, as its customers are located in several jurisdictions and industries and operate in largely independent markets.

37. Capital management

Capital includes issued equity capital and share premium and all other equity reserves attributable to the equity holders. The primary objective of the Companyâs capital management is to maximize the shareholder value.

The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants. The Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt. The Company includes within net debt, interest bearing loans and borrowings, trade and other payables, less cash and cash equivalents, excluding discontinued operations. The company monitors capital using gearing ratio, which is total debt divided by total capital plus debt.

In order to achieve this overall objective, the Companyâs capital management, amongst other things, aims to ensure that it meets financial covenants attached to the interest-bearing loans and borrowings that define capital structure requirements. Breaches in meeting the financial covenants would permit the bank to immediately call loans and borrowings. There have been no breaches in the financial covenants of any interest-bearing loans and borrowing in the current year.

No changes were made in the objectives, policies or processes for managing capital during the years ended March 31,2025 and March 31,2024.

40. Value of Imports on C.I.F. Basis Rs. Nil (previous year Rs. Nil), Expenditure in Foreign Currency Rs. Nil (previous year Rs. Nil), Earning in Foreign Currency Rs. Nil (previous year Rs. Nil).

41. Contingent liabilities

The Company has received the order from Hon''ble Small Causes Court at Mumbai dated October 14, 2024 in I.E. Suit No. 58 of 2019 that the movable properties of the Company be attached for the recovery to the extent to Rs. 368.00 lakhs further the Small Causes Court has directed the Company to maintain status quo and has granted stay for the execution of the said order.

The Company had received demand notice from State GST department of Rs. 76.55 lakhs from the Assistant Commissioner of State Tax Mumbai for the financial year 2018-19. The Company had filed appeal against said demand. The management is of the view that the outcome of these proceedings/ notices has no material adverse impact on the Company''s financial statements.

During the year, the Company has received an intimation under section 143(1) of the Income-tax Act, 1961 for Assessment Year 2021-22 & 2022-23 raising a demand of Rs. 98.34 lakhs & Rs. 63.97 lakhs.

43. The Company has decided withdrawn Leave and License Arrangement with M/s. Dealmoney Commodities Private Limited for office premises situated at Plot No. A356 and A357 in the Thane Industrial Area (Within Wagle Industrial area) Panch Pakhdi Taluka, Thane.

44. The Company has decided to withdraw its plan of acquiring hospital property from related party i.e, M/s. Dealmoney Real Estate Private Limited at Mira Road Thane.

45. The Companyâs major income-generating unit at Mira Road Hospital has been currently closed pursuant to the termination of the Operation and Management Agreement. Consequently, sales returns of discount coupons were made to M/s. Dealmoney Distribution and Emarketing Private Limited. The stock of discount coupons, amounting to Rs. 3803 lakhs, is subject to realisation upon the restart of hospital activities and prevailing market conditions and accordingly, its realisation is considered uncertain at present.

46. The company has vacated its only premises of Mira Road hospital and all hospital activities are closed since October 2024, Only facilities where tie ups with other hospitals for diagnostic and pharmacy related services has been offered.

47. The Company has not paid any interest to MSME vendors during the year. Based on the information available with the Company, the details of amounts outstanding for more than 45 days and the related interest, if any, are presently not ascertainable.

49. The Company has regrouped / reclassified the previous year figures to conform to the current yearâs reclassification / presentation.

Mar 31, 2024

2.15 Provisions, Contingent Liabilities and Contingent Assets

Provisions are recognized when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting year, taking into account the risks and uncertainties surrounding the obligation. When a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows.

Contingent assets are disclosed in the Financial Statements by way of notes to accounts when an inflow of economic benefits is probable.

Contingent liabilities are disclosed in the Financial Statements by way of notes to accounts, unless possibility of an outflow of resources embodying economic benefit is remote.

2.16 Cash Flow Statement

Cash flows are reported using the indirect method. The cash flows from operating, investing and financing activities of the Company are segregated.

2.17 Earnings Per Share

Basic earnings per share are computed by dividing the net profit after tax by the weighted average number of equity shares outstanding during the year. Diluted earnings per share is computed by dividing the profit after tax by the weighted average number of equity shares considered for deriving basic earnings per share and also the weighted average number of equity shares that could have been issued upon conversion of all dilutive potential equity shares.

2.18 Income Taxes

The income tax expense or credit for the year is the tax payable on the current yearâs taxable income based on the applicable income tax rate adjusted by changes in deferred tax assets and liabilities attributable to temporary differences and to unused tax losses, if any.

The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the end of the reporting year. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It

establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.

3. Critical Accounting Estimates and Judgments

The preparation of restated financial statements requires the use of accounting estimates which, by definition, will seldom equal the actual results. This note provides an overview of the areas that involved a higher degree of judgment or complexity, and of items which are more likely to be materially adjusted due to estimates and assumptions turning out to be different than those originally assessed. Detailed information about each of these estimates and judgments is included in relevant notes together with information about the basis of calculation for each affected line item in the financial statements.

The areas involving critical estimates or judgments are:

1. Useful life of tangible asset Note No. 2.5

2. Useful life of intangible asset Note No. 2.6

3. Impairment of financial assets refer Note No. 2.7

4. Impairment of non - financial assets refer Note No. 2.8

5. Provisions, Contingent Liabilities and Contingent Assets refer Note No. 2.15

Estimates and judgments are continually evaluated. They are based on historical experience and other factors, including expectations of future events that may have a financial impact on the Company and that are believed to be reasonable under the circumstances.

37.3 Financial risk management objectives and policies

37.4.1 Management of Liquidity Risk

37.4.2 Market Risk

37.4.3 Credit Risk

Trade Receivables

38. Capital management

No changes were made in the objectives, policies or processes for managing capital during the years ended March 31, 2024 and March 31, 2023.

41. Value of Imports on C.I.F. Basis Rs. Nil (previous year Rs. Nil), Expenditure in Foreign Currency Rs. Nil (previous year Rs. Nil), Earning in Foreign Currency Rs. Nil (previous year Rs. Nil).

42. Contingent Liabilities

The Company has received the order dated 03rd May, 2021 passed by the learned Judge, Small Causes Court at Mumbai inter alia directing the Company to deposit arrears of license fees from 1st February 2019 till 25th October 2021 amounting to Rs. 4,27,73,382/-. Further the order of Small Causes Court has been confirmed by the Appellate Bench by dismissing Revision No. 208 of 2022 by Judgement and order dated 23rd October, 2023. The Company has filed the Writ Petition No. 1114 of 2024 at High Court of Mumbai, challenging the order passed by the Appellate Bench on 23rd October, 2023.

The Company had received demand notice from State GST department of Rs. 76,55,268/- from the Assistant Commissioner of State Tax Mumbai for the financial year 2018-19. The Company had filed appeal against said demand. The management is of the view that the outcome of these proceedings/ notices has no material adverse impact on the Company''s financial statements.

Note: During the current and previous year, the Company holds Inventory of medicines for as consumables accordingly. Ratios for Inventory Turnover has not be presented.

45. The Company has regrouped / reclassified the previous year figures to conform to the current yearâs reclassification / presentation.

As per our report of even date

For and on behalf of the board of Directors of Family Care Hospitals Limited

For S. M Gupta & Co. Pandoo Naig

Chartered Accountants Managing Director

Firm Reg. No. 311015E DIN No. 00158221

Neena Ramgarhia Lucy Maqbul Massey

Partner Director

Membership No. 067157 DIN No. 09424796

Mohini Waghade

Date: 29th May, 2024 Company Secretary

Place: Mumbai

Amit Tyagi

Chief Financial Officer

Place: Thane Date: 29th May, 2024

Mar 31, 2018

1.1 Rights, Preferences and Restrictions attaching to each class of shares Equity Shares having a face value of Rs. 10 a As to Dividend: -

The Shareholders are entitled to receive dividend in proportion to the amount of paid up equity shares held by them. The Company has not declared any dividend during the year.

b As to Repayment of capital: -

c As to Voting: -

The Company has only one class of shares referred to as equity shares having a face value of Rs. 10. Each holder of the equity share is entitled to one vote per share.

2 Disclosure pursuant to Indian Accounting Standard (Ind AS) 19 âEmployee Benefitsâ

The following table sets out the status of the gratuity plan and the amount recognized in the financial statements as at March 31, 2018.

3 Disclosures pursuant to Indian Accounting Standard 108 âOperating Segmentsâ

The Company operates in a single business segment viz. Healthcare Services; accordingly there is no reportable business or geographical segments as prescribed Under Indian Accounting Standard 108 âOperating Segmentsâ.

4 Disclosures pursuant to Indian Accounting Standard 17 âLeasesâ a Operating Lease (Expenditure)

As at the year end, the Company has following non-cancellable lease arrangement in respect of leased premises: -

b the total of future minimum lease payments under non-cancellable operating leases for each of the following periods

5 Basic and diluted earnings per share [EPS] computed in accordance with Indian Accounting Standard 33 âEarnings per Shareâ

6 Disclosure required under the Micro, Small and Medium Enterprises Development Act, 2006 (the Act)

There are no Micro, Small and Medium Enterprise to whom the Company owes dues which were outstanding as the balance sheet date. The above information regarding Micro, Small and Medium Enterprise has been determined to the extent such parties have been identified on the basis of the information available with the Company. This has been relied upon by the Auditors.

7 Details of Loans given, covered u/s 186 (4) of the Companies Act, 2013 and disclosure pursuant to clause 34 of the (Listing Obligations and Disclosure Requirements) Regulations, 2015

There was no such transaction during the year.

8 The expansion of Business into primary healthcare and support services:

For the Expansion of Business of the company, it was proposed to enter into primary healthcare and support services. The goal behind this is to deliver, credible and affordable first level of medical support to patrons. Company has opened new âFAMILY CAREâ centers to provide Modern day convenience, care and basic support to the masses. This effort will also help company consolidate lead and grow on its existing business in a better manner.

9 In view of losses and unabsorbed depreciation, in the opinion of the Management considering the grounds of prudence, deferred tax assets is recognized to the extent of deferred tax liabilities and balance deferred tax assets have not been recognized in the books of account.

10 Financial Instruments

10.1 Financial Assets and Liabilities

10.2 Fair Value measurement

Fair Value Hierarchy and valuation technique used to determine fair value:

10.3 Financial risk management objectives and policies

The Companyâs business activities expose it to a variety of financial risks, namely liquidity risk, market risks and credit risk. The Companyâs senior management has the overall responsibility for the establishment and oversight of the Companyâs risk management framework. The top management is responsible for developing and monitoring the Companyâs risk management policies. The Companyâs risk management policies are established to identify and analyze the risks faced by the Company, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Companyâs activities.

10.3.1Management of Liquidity Risk

Liquidity risk is the risk that the Company will face in meeting its obligations associated with its financial liabilities. The Companyâs approach to managing liquidity is to ensure that it will have sufficient funds to meet its liabilities when due without incurring unacceptable losses. In doing this, management considers both normal and stressed conditions. The following table shows the maturity analysis of the Companyâs financial liabilities based on contractually agreed undiscounted cash flows as at the Balance Sheet date.

10.3.2Market Risk

The sensitivity analyses in the following sections relate to the position as at March 31, 2018 and March 31, 2017.

10.3.3Credit Risk

Trade Receivables

11 Capital management

No changes were made in the objectives, policies or processes for managing capital during the years ended March 31, 2018, March 31, 2017 and March 31, 2016.

12 The Company has Regrouped / Reclassified the previous year figures to confirm to the current yearâs reclassification / presentation.

Mar 31, 2016

1. Rights, preference and restrictions attached to each class of shares Equity Shares having a face value of Rs. 10/As to Dividend: -

The Shareholders are entitled to receive dividend in proportion to the amount of paid up equity shares held by them. The Company has not declared any dividend during the year.

As to Repayment of capital: -

As to Voting: -

The Company has only one class of shares referred to as equity shares having a face value of Rs. 10/-. Each holder of the equity share is entitled to one vote per share.

2. The Company operates in a single business segment viz. Sale of Services; accordingly there is no reportable business or geographical segments as prescribed Under Accounting Standard 17 "Segment Reporting".

3. There are no Micro, Small and Medium Enterprise to whom the Company owes dues which were outstanding as the balance sheet date. The above information regarding Micro, Small and Medium Enterprise has been determined to the extent such parties have been identified on the basis of the information available with the Company. This has been relied upon by the Auditors.

4. Related Party Disclosure as required by AS -18, is given below:

Gautam Deshpande

Sowmya Deshpande

Doctors Dental Services Limited

Relationships:

5. Key Management Personnel Gautam Deshpande Sowmya Deshpande

6. Company Under Same Management Doctors Dental Services Limited

Additional disclosure in accordance with Regulation 32 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, ³Â°. 2015:

7. Revenue from operations are from new activities i.e., Dental Services. There are no revenue from old activities i.e, textile business.

8. The Company has received new Certificate of Incorporation from ROC for change of name from Count N Denier (India) Limited to Scandent Imaging Limited w.e.f from 17th March, 2015.

9. In the opinion of the Board, the value of realization of Current Assets, Loans and Advances in the ordinary course of the business would not be less than the amount at which they are stated in the Balance Sheet and the provision for all known and determined liabilities are adequate and not in excess of the amount reasonably required.

10. Deferred tax assets has not been recognized in view of uncertainty.

11. Figures of the previous year have been regrouped, reclassified and recanted wherever necessary to make them comparable with those of current year.

Mar 31, 2015

1. Rights, preference and restrictions atatched to each class of shares Equity Shares having a face value of '10/- As to Dividend: -

The Shareholders are entitled to receive dividend in proportion to the amount of paid up equity shares held by them. The Company has not declared any dividend during the year.

As to Repayment of capital: -

In the event of liquidation of the Company, the holders of equity shares are entitled to receive the remaining assets of the Company after distribution of all preferential amounts. The distribution will be in proportion of the number of shares held by the shareholders.

As to Voting: -

The Company has only one class of shares referred to as equity shares having a face value of '10/-. Each holder of the equity share is entitled to one vote per share.

2. The Company operates in a single business segment viz. Sale of Services; accordingly there is no reportable business or geographical segments as prescribed Under Accounting Standard 17 "Segment Reporting".

3. There are no Micro, Small and Medium Enterprise to whom the Company owes dues which were outstanding as the balance sheet date. The above information regarding Micro, Small and Medium Enterprise has been determined to the extent such parties have been identified on the basis of the information available with the Company. This has been relied upon by the Auditors.

4. Related Party Disclosure as required by AS -18, is given below:

Gautam Deshpande

Doctors Dental Services Limited

Relationships:

1 Key Management Personnel

Gautam Deshpande

2 Company Under Same Management

Doctors Dental Services Limited

5. Revenue from operations are from new activities i.e, Dental Services. There are no revenue from old activities i.e, textile business.

6. The Company has received show cause notice dated 3rd December 2013 from SEBI under Rule 4 of SEBI (Procedure for Holding Inquiry and imposing penalties by Adjudicating Officer) Rule 1995, read with Section 15I of the Securities and Exchange Board of India Act, 1992 for violation of take over regulation 1997 and 2011. The Company has filed consent applications on 13th February, 2014 without prejudice to its rights to defend the same. The Company has received consent order dated 05th November,2014 and paid Rs. 7.10 lacs as consent application fees paid to SEBI and the same is reflected under the head other expenses .

7. The Board of Directors of the Company has approved allotment of 2.91 Cr. equity shares of the Company on Preferential basis as per approval of the shareholders of the Company and the Company Law Board/High court. The Shareholders of the Company has passed the resolution for allotment of equity shares @ Rs. 1.50 for the face value of Rs. 10/- each. The Company has filed application for approval of the Company Law Board. Company Law Board dated 15th January 2014 dismissing our Petition under Section 79 of Companies Act 1956 for issue of equity shares at discount. The Company had filed appeal against the said order before Honoruable Bombay High Court. The Honoruable Bombay High Court has passed the order and allowed the Company to allot equity shares @ Rs. 1.50 for the face value of Rs. 10/- each and accordingly Company has alloted 2.91 Cr. equity shares.

8. The Company has received listing and trading approvals of 2,91,00,000 Equity Shares allotted on preferencial basis on 23rd December, 2014.

9. The Company has received new Certificate of Incoropration from ROC for change of name from Count N Denier (India) Limited to Scandent Imaging Limited w.e.f from 17th March, 2015.

10. In the opinion of the Board, the value of realization of Current Assets, Loans and Advances in the ordinary course of the business would not be less than the amount at which they are stated in the Balance Sheet and the provision for all known and determined liabilities are adequate and not in excess of the amount reasonably required.

11. Deferred tax assets has not been recognised in view of uncertainty.

12. Figures of the previous year have been regrouped, reclassified and recasted wherever necessary to make them comparable with those of current year.

Mar 31, 2014

1. CURRENT TAX

The provision for Income Tax is made after taking into consideration, the benefits addressable under the provisions of the Income Tax Act, 1961 and the same is in the opinion of the Management adequate.

The Minimum Aleternate Tax (MAT) paid by the Company is entitled to be carried forward in subsequent years. In the opinion of management, on the bais of projections, estimates of future taxable income and extension of period of utilization of MAT credit as per the amendment made by the Finance Act (No. 2), 2009, the Company would have normal teax liability within the secified period to avail such MAT credit. Consequently, the Company has recognized the MAT credit entitlement.

2. The Company operates in a single business segments viz. Sale of Services; accordingly there is no reportable business or geographical segments as prescribed Under Accounting Standard 17 "Segment Reporting".

3. There are Micro, Small and Medium Enterprise to whom the Company dues which were outstanding as the balance sheet date. The above information regarding Micro, Small and Medium Enterprises has been determined to the extent such parties have been identified on the basis of the information available with the Company. This has been relied upon by the Auditors.

4. Related Party Disclosures are required by AS-18, is given below:

Relationships:

1. Companies in which the directors are directors

Count N Denier Exim Pvt Ltd

2. Key Management Personnel

Gautam Despande

5. The Equity share of the Company are delisted from Ahmedabad Stock Exchange Limited w.ef. January 22, 2014.

6. The Company has received show cause notice dated 3rd December 2013 from SEBI under Rule 4 of SEBi (Procedure for Holding Inquiry and imposing penalties by Adjudicating Officer) Rule 1995, read with Section 15l of the Securities and Exchange Board of India Act, 1992 for violation of take over regulation 1997 and 2011. The Company has filed consent applications on 13th February, 2014 without Prejudice to its rights to defend the same. The Company has not received any further communication in this regard from SEBI till date.

7. During the year Authorized Shares Capital of the Company increased from Rs 3,50,00,000/- to Rs. 33,50,00,000/-. The expenses of Stamp Duty of Rs. 6,00,000/- and RDC fees of Rs. 15,00,000/- debited to the Profit and Loss Account under the head "RDC Expenses" as required by Accounting Standard-26.

8. The office of the Directors of the Company has approved allotment of 3 Cr. equity shares of the Company on Preferential basis subject to approval of the shareholders of the Company and the Company Law Board. The Shareholders of the Company has resolution for allotment of equity shares @ Rs. 1.50 for the face value of Rs. 10/- each. The Company has failed application for approval of the Company Law Board. Company Law Board dated 15th January 2014 dismissing our Petition under Section 79 of Companies Act 1956 for issue of equity shares at discount. The Company had filed appeal against the said order before Honourable Bombay High Count. The Company is awaiting the order from Honourable High Court of Bombay.

9. In the opinion of the Board, the value of realization of Current Assets, Loans and Advances in the ordinary course of the business would not be less than the amount at which they are stated in the Balance Sheet and the provision for all known and determined liabilities are adequate and not excess of the amount reasonably required.

10. Deffered tax assets has not been recognized in view of uncertainty.

11. Figures of the previous year have been regrouped, reclassified and recasted wherever necessary to make them comparable with those of current year.

Mar 31, 2013

1. The Company has no Business during the year except Commsiion & Misc.Income shown as other Income. Therefore Segment reporting is not applicable.

2. Related Party Disclosure as required by AS -18, is given below: Relationships:

1 Companies in which directors are directors

Count N Denier Exim Pvt Ltd Count N Denier Yarns Pvt Ltd

2 Key Management Personnel

Anil Agrawal - Director

3. During the year under review an agreement for share purchase has been entered,details of the same is mentioned in Directors Report.

4. Board of Directors has paased the resolution for delisting of Equity Shares from Ahmedabad Stock Exchange Limited. The process of delisting is in progress.

5. Figures of the previous year have been regrouped, reclassified and recasted wherever necessary to make them comparable with those of current year.

Mar 31, 2012

Not Available

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