Notes to Accounts of Macro International Ltd.

Mar 31, 2015

1. Rights, Preference and Restrictions attached to equity shares:

The company has one class of equity shares having a par value of Rs. 10/= per share Each shareholder is eligible for one vote per share held. The dividend if any proposed by the Board of Directors is subject to approval of the Shareholders in the ensuing Annual General Meeting.

2. RELATED PARTY TRANSACTION :-

In accordance with accounting standard 18, the disclosures required are given below Names of related party, description of relationship and amount: -

3. (I) Advance of Rs. 3,85,57,551.00 given to Bhuramal Durgi Devi Parasrampuria Public Charitable Trust ( Associate concern ) in the earlier years and received back Rs.2,05,000.00 during the year & Interest Rs. 23,11,879.00 earned on the same closing balance of advances is Rs.4,04,33,242.00 only.

(ii) Advance of Rs. 1,36,69,529.00 including opening balance Rs. 1,17,69,529.00 given to Parasrampuria Gems International School a unit of Bhuramal Durgi Devi Parasrampuria Public Charitable Trust (Associate concern ) and received back Rs. 25,50,000.00 during the year & earned interest Rs. 7,06,977.00 on the same closing balance of advances is Rs. 1,17,55,808.00 only.

(Mr. Sudhir Kumar Parasrampuria (M.D.) his wife Mrs. Parwati Parasrampuria (Director) & Smt. Chandra Kala Parasrampuria mother of M.D. are trustees of the trust.

4. EMPLOYEE BENEFIT (ACCOUNTING STANDARD 15)

a) The company has not provided leave encashment as the employees are not entitled for that due to availment of leaves & there Is no dues in this account.

b) The provision of gratuity is being made as 15 days salary of completed years of service of employees. The gratuity provided during the year is Rs.62,882/-. The total provision of gratuity amounts to Rs. 3,09,397.00. The management does not see any need of actuarial valuation of the same as the number of employees are very few.

c) The company has not provided the provident Fund & ESI as the company is not covered under E.P.F. & ESI Act.

5. Payment against suppliers from small scale and ancillary under taking are made in accordance with agreed credit terms and to the extent as ascertained from available information, there was no amount overdue as on 31 st March 2015.

6. The company do not have any dues of micro, small and medium enterprises as on 31 ST March 2015 as per provision of the Section 16 of the micro, small and medium enterprises Act.2006.

7. IMPAIRMENT OF ASSETS:

The carrying amounts of assets are reviewed at each balance sheet date if there is any indication of impairment based on internal/ external factors. An asset in impaired when the carrying amount of the assets exceeds the recoverable amount. An impairment loss is charged to the Profit and Loss Account in the year is which an assets in identified as impaired. An impairment loss recognised in prior accounting periods is reserved if there has been change in the estimate of the recoverable amount.

8. Significant Accounting Polices and practices adopted by the Company are disclosed in the statement annexed to these financial statements as Annexure-1.

9. Previous year figures have been regrouped and /or rearranged wherever found necessary.

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Mar 31, 2014

Note No. ''1'' - SHARE CAPITAL

1. Rights, Preferences and Restrictions attached to equity shares:

The company has one class of equity shares having a par value of Rs. 10/- per share Each shareholder is eligible for one vote per share held. The dividend if any proposed by the Board of Directors is subject to approval of the Shareholders in the ensuing Annual General Meeting.

Note No. ''2'' - CASH AND BANK BALANCES

CASH & CASH EQUIVALENTS:

Cash & Cash equivalents includes deposits maintained by the Company with Banks, which can be withdrawn by the company at any point of time without prior notice or penalty on the principal.

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Mar 31, 2013

1. (a) No provision of Income Tax is being made during the year due to losses ( previous year Rs. 12,849.00 on account of MAT has been provided ) as per provisions of Income Tax Act, 1961.

(b) During the year a major part of building converted in to inventory as per registered Valuers Report at fair market value & the appreciation is being credited to capital reserve . The tax will be paid/ provided as and when transfer of property will be made as per the relevant previous of the Income Tax Act, 1961.

2. Investments :-

(i) The company has invested in the long term investments of Mutual Funds. The investment of Mutual Funds are valued at cost during the year and the company has invested in long term equity shares which are unquoted and are valued at cost price.

(ii) As per accounting standards 13 issued by the Institute of Chartered Accountants of India the investment during the year has been valued at cost as there is no diminution of permanent nature.

3. Related Party Transaction :-

In accordance with accounting standard 18, the disclosures required are given below

Names of related party, description of relationship and amount: -

a) Sales to BeoparSahayak(P) Ltd. Rs. 41,27.200.00

b) Remuneration to M.D. Rs. 1,80,000.00

c) RenttoSudhirKumarParasrampuriaH.U.F. Rs. 24,000.00

d) RenttoBeoparSahayak(P)Ltd. Rs. 9,000.00

e) RenttoAmberMercantilesLtd. Rs. 12,000.00

(In which Sudhir Kumar Parasrampuria, M.D. & Smt. Parwati Parasrampuria, Director are Directors)

e) (i) Advance Rs. 3,55,90,091.00 including opening balance Rs. 3,09,40,091.00 given to Bhuramal Durgi Devi Parasrampuria Public Charitable Trust ( Associate concern ) and received back Rs.27,10,000.00 during the year & Interest Rs. 18,32,092.00 earned on the same closing balance Rs.3,47,12,183.00

(ii) Advance Rs. 1,80,65,014.00 including opening balance Rs. 73,65,014.00 given to Parasrampuria Gems International School a unit of Bhuramal Durgi Devi Parasrampuria Public Charitable Trust (Associate concern) and received back Rs. 94,50,000.00 during the year & earned interest Rs. 4,87,941.00 on the same closing balance is Rs. 91,02,955.00

(Mr. Sudhir Kumar Parasrampuria (M.D.) his wife Mrs. Parwati Parasrampuria (Director) & Smt. Chandra Kala Parasrampuria mother of M.D. are trustees of the trust.

4. Employee Benefit (Accounting Standard 15)

a) The company has not provided leave encashment as the employees are not entitled for that due to availment of leaves & there is no dues in this account.

b) The provision of gratuity is being made as 15 days salary of completed years of service of employees as there is only one eligible employee and Managing Director in the Company. The gratuity provided during the year is Rs.28,500/-. The total provision of gratuity amounts to Rs. 2,13,515.00. Since the Company has only few eligible employee. The management does not see any need of actuarial valuation of the same.

c) The company has not provided the provident Fund & ESI as the company is not covered under P.F. & ESI Act.

5. Payment against suppliers from small scale and ancillary under taking are made in accordance with agreed credit terms and to the extent as curtained from available information, there was no amount overdue as on 31 st March 2013.

6. The company do not have any dues of micro, small and medium enterprises as on 31 ST March 2013 as per provision of the Section 16 of the micro, small and medium enterprises Act.2006.

7. Intermsof Note 3 to Part 11 of Schedule VI of the Companies Act, 1956 quantitative and other details are-NIL

8. Impairment of Assets

The carrying amounts of assets are reviewed at each balance sheet date if there is any indication of impairment based on internal/ external factors. An asset in impaired when the carrying amount of the assets exceeds the recoverable amount. An impairment loss is charged to the Profit and Loss Account in the year is which an assets in identified as impaired. An impairment loss recognised in- prior accounting periods is reserved if there has been change in the estimate of - the recoverable amount.

9. Significant Accounting Polices and practices adopted by the Company are disclosed in the statement annexed to these financial statements as Annexure-1.

10. Previous year figures have been regrouped and/or rearranged wherever found necessary.

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Mar 31, 2012

A) (i) Advance Rs. 3,12,24,954.00 including opening balance Rs. 2,00,29,954.00 given to Bhuramal Durgi Devi Parasrampuria Public Charitable Trust ( Associate concern ) and received back Rs. 14,45,000.00 during the year & Interest Rs. 12,89,041.00 earned on the same closing balance Rs.3,09,40,091.00.

(ii) Advance Rs. 77,61,184.00 including opening balance Rs. 74,11,184.00 given to Parasrampuria Gems International School a unit of Bhuramal Durgi Devi Parasrampuria Public Charitable Trust (Associate concern ) and received back Rs. 8,00,000.00 during the year & earned interest Rs. 4,48,700.00 on the same closing balance is Rs. 73,65,014.00.

Maximum Balance during the year is Rs. 3,83,05,105.00 (Mr. Sudhir Kumar Parasrampuria (M.D.) his wife Mrs. Parwati Parasrampuria (Director) & Smt. Chandra Kala Parasrampuria mother of M.D. are trustees of the trust.

1 Employee Benefit (Accounting Standard 15)

a) The company has not provided leave encashment as the employees are not entitled for that due to availment of leaves & there is no dues in this account.

b) The provision of gratuity is being made as 15 days salary of completed years of service of employees as there is only one eligible employee and Managing Director in the Company. The gratuity provided during the year is Rs.20,950/- and Rs. 5,010.00 paid to employees who left the company and thus total provision of gratuity amounts to Rs. 1,85,015.00. Since the Company has only few eligible employee. The management does not see any need of actuarial valuation of the same.

c) The company has not provided the provident Fund & ESI as the company is not covered under P.F. & ESI Act.

2. Payment against suppliers from small scale and ancillary under taking are made in accordance with agreed credit terms and to the extent as curtained from available information, there was no amount overdue as on 31 st March 2012.

3. The company do not have any dues of micro, small and medium enterprises as on 31ST March 2012 as per provision of the Section 16 of the micro, small and medium enterprises Act.2006.

4. Intermsof Note 3 to Part 11 of Schedule VI of the Companies Act, 1956 quantitative and other details are - NIL

5. Impairment of Assets

The carrying amounts of assets are reviewed at each balance sheet date if there is any indication of impairment based on internal/ external factors. An asset in impaired when the carrying amount of the assets exceeds the recoverable amount. An impairment loss is charged to the Profit and Loss Account in the year is which an assets in identified as impaired. An impairment loss recognised in prior accounting periods is reserved if there has been change in the estimate of the recoverable amount.

6. The company has field application with Bombay Stock Exchange for revocation of suspension in trading of equity shares of the company and the exchange has - approved the same thus shares of the company are now tradable on the Bombay Stock Exchange.

7. The financial Statements for the year ended 31st March, 2011 had been prepared as per the then applicable pre- revised schedule VI to the Companies Act, 1956. Consequent to the notification under the Companies Act, 1956, the financial statements for the year ended 31st March, 2012 are prepared under revised Schedule VI. Accordingly, the previous year figures have also been reclassified to conform to this years classification.

8. Significant Accounting Polices and practices adopted by the Company are disclosed in the statement annexed to these financial statements as Annexure-1