Notes to Accounts of Nirbhay Colours India Ltd.

Mar 31, 2015

PARTICULARS As at 31st March As at 31st March 2015 Amount (Rs.) 2014 Amount (Rs.)

1. Contingent liabilities and commitments (to the extent not provided for)

Contingent liabilities

Sales Tax Demand 0 0

Income tax Demand 0 0

Total 0 0

2. OTHER NOTES ON ACCOUNTS:

1. Previous year figures have been re-grouped and rearranged wherever necessary for proper presentation of accounts.

2. Sundry debit and credit balances of loans and advances are subject to confirmation and Bank Balances as per reconciliation, if any. As per view precaution of actual and realizable value has been taken care of.

3. As informed to us, there are no contingent liabilities as on Balance Sheet Date.

4. Auditors Remuneration relating to audit works Rs.4500/- is provided at the end of year.

5. As informed to us there are no estimated amounts of contracts remaining to be executed on Capital Amount.

6. The Company has not disposed off any Fixed Assets during the year.

7. As certified by the Directors all amounts in the Balance Sheet relating to Sundry Debtors, Sundry Creditors, Unsecured Loans, Deposits, Loans and advances are shown at net realizable or net payable as the case may be.

8. As certified by Company that it has received written representation from all the Directors,

That Companies in which they are Directors had not defaulted in terms of section 164 (2) of the Companies Act, 2013, and that representation of Directors taken in Board that Director is disqualified from being appointed as Director of the Company.

9. Income in Foreign Currency is NIL.

10. Expenditure in Foreign Currency is NIL.

11. Number of employees who were:

(a) Employed throughout the year and were in receipt of remuneration of Rs. 60,00,000/-

per annum or more are nil. (Previous Year Nil)

(b) Employed for part of the year and were in receipt of remuneration of Rs 5,00,000/ -per month or more are nil. (Previous Year Nil)

12. Particulars of licensed Capacity or Production Capacity is not applicable to the Company.

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Mar 31, 2014

Note

PARTICULARS As at 31st March, As at 31st March, 2014 Amount ('') 2013 Amount (Rs.)

1 Contingent liabilities and commitments (to the extent not provided for) Contingent liabilities

Sales Tax Demand 0 0

Income tax Demand 0 0

Total 0 0

2. Previous year figures have been re-grouped and rearranged wherever necessary for proper presentation of accounts.

3. Sundry debit and credit balances of loans and advances are subject to confirmation and Bank Balances as per reconciliation, if any. As per view of management the same are shown at realisable value and necessary precaution of actual and realisable value has been taken care of.

4. As informed to us, there are no contingent liabilities as on Balance Sheet Date.

5. Auditors Remuneration relating to audit work Rs.4500/- (P.Y. Rs.3000/-) is provided at the end of year.

6. As informed to us there are no estimated amounts of contracts remaining to be executed on Capital Amount.

7. The Company does not own any Fixed Assets during the year.

8. As certified by the Directors all amounts in the Balance Sheet relating to Sundry Debtors, Sundry Creditors, Unsecured Loans, Deposits, Loans and advances are shown at net realizable or net payable as the case may be.

9. As Certified by Company that it has received written representation from All the Directors, that Companies in which they are Directors had not defaulted in terms of section 274(1)(g) of the Companies Act,1956, and that representation of Directors taken in Board that no Director is disqualified from being appointed as Director of the Company.

10. Income in Foreign Currency is NIL.

11. Expenditure in Foreign Currency is NIL.

12. Company has informed us that One Consultant Practicing Company Secretary is maintaining necessary registers required under Companies Act and Other Applicable Provisions but same are not produced before us for verification.

13. No Transaction has been made except filing of statutory papers to concerned authorities.

14. Share Application Money Account and Share Allotment are Subject to reconciliation.

15. The Company has not accounted for the Interest due on Loans Advances as the same are not recoverable and are also outstanding. This interest accounting will have an effect on Profit and Loss Account of the Company.

16. Number of employees who were:

(a) Employed throughout the year and were in receipt of remuneration of Rs. 60,00,000/- per annum or more are nil. (Previous Year Nil)

(b) Employed for part of the year and were in receipt of remuneration of Rs 5,00,000/-per month or more are nil. (Previous Year Nil).

17. No quantitative details are possible in absence of Commercial Activities during the year.

18. No information relating to licensed Capacity or Production Capacity is available at this stage.

As per our Auditor''s report of even date attached herewith.

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Mar 31, 2012

Note As at 31st March, As at 31st March, No 2012 Amount (Rs.) 2011 Amount (Rs.)

1 Contingent liabilities and commitments (to the extent not provided for)

Contingent liabilities

Sales Tax Demand 0 0

Income tax Demand 0 0

Total 0 0

1. Previous year figures have been re-grouped and rearranged wherever necessary for proper presentation of accounts.

2. Sundry debit and credit balances of loans and advances are subject to confirmation and Bank Balances as per reconciliation, if any. As per view of management the same are shown at realisable value and necessary precaution of actual and realisable value has been taken care of.

3. As informed to us, there are no contingent liabilities as on Balance Sheet Date.

4. Auditors Remuneration relating to audit work Rs.1500/- (P.Y. Rs.1500/-) is provided at the end of year.

5. As informed to us there are no estimated amounts of contracts remaining to be executed on Capital Amount.

6. Management of the Company has physically verified the Fixed Assets and Investments in the Form of Shares and no discrepancy were found in Books and physical existence of Assets and Investments.

7. As Certified by the Directors all amounts in the Balance Sheet relating to Sundry Debtors, Sundry Creditors, Unsecured Loans, Deposits, Loans and advances are shown at net realisable or net payable as the case may be.

8. As Certified by Company that it has received written representation from All the Directors, that Companies in which they are Directors had not defaulted in terms of section 274(1)(g) of the Companies Act,1956, and that representation of Directors taken in Board that no Director is disqualified from being appointed as Director of the Company.

9. Income in Foreign Currency is NIL.

10. Expenditure in Foreign Currency is NIL.

11. Company has informed us that One Consultant Practicing Company Secretary is maintaining necessary registers required under Companies Act and Other Applicable Provisions but same are not produced before us for verification.

12. No Transaction has been made except filing of Statutory papers to concerned authorities.

13. As per information & Explanation given to us the shares for which allotment cum call money has not paid is under the process of forfeiture.

14. Share Application Money Account and Share Allotment are Subject to reconciliation.

15. As per the Information and explanation given to us the loans made in the nature of ICD are now within the prescribed Limit.

16. The Inter-Corporate Deposits though matured are not fully recovered.

17. The Company has not accounted for the Interest due on Loans Advances and Inter Corporate Deposits as the same are not recoverable and are also outstanding. This interest accounting will have an effect on Profit and Loss Account of the Company.

18. The T.D.S outstanding account on interest earned is yet to be reconciled.

19. No employee is getting any remuneration.

20. No quantitative details are possible in absence of Commercial Activities during the year.

21. No information relating to licensed Capacity or Production Capacity is available at this stage.

22. No Status Change is occurred during the year in the matter of GLFL Loan.

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Mar 31, 2010

1. Previous year figures have been re-grouped and rearranged wherever necessary for proper presentation of accounts

2. Sundry debit and credit balances of loans and advances are subject to confirmation and Bank Balances as per reconciliation, if any. As per view of management the same are shown at realisable value and necessary precaution of actual and realisable value has been taken care of.

3. As informed to us, there are no contingent liabilities as on Balance Sheet Date.

4. Auditors Remuneration relating to audit work Rs.1500/- (P.Y. Rs.1500/-)is provided at the end of year.

5. As informed to us there are no estimated amounts of contracts remaining to be executed on Capital Amount.

6. Management of the Company has physically verified the Fixed Assets and Investments in the Form of Shares and no discrepancy were found in Books and physical existence of Assets and Investments.

7. As Certified by the Directors all amounts in the Balance Sheet relating to Sundry Debtors, Sundry Creditors, Unsecured Loans, Deposits, Loans and advances are shown at net realisable or net payable as the case may be.

8. As Certified by Company that it has received written representation from All the Directors, that Companies in which they are Directors had not defaulted in terms of section 274(1)(g) of the Companies Act,1956, and that representation of Directors taken in Board that no Director is disqualified from being appointed as Director of the Company.

9. Income in Foreign Currency is NIL.

10. Expenditure in Foreign Currency is NIL.

11. Company has informed us that One Consultant Practicing Company Secretory is maintaining necessary registers required under Companies Act and Other Applicable Provisions but same are not produced before us for verification.

12. No Transaction has been made except filing of Statutory papers to concerned authorities.

13. As per information & Explanation given to us the shares for which allotment cum call money has not paid is under the process of forfeiture.

14. Share Application Money Account and Share Allotment are Subject to reconciliation.

15. As per the Information and explanation given to us the loans made in the nature of ICD are now within the prescribed Limit.

16. The Inter-Corporate Deposits though matured are not fully recovered.

17. The Company has not accounted for the Interest due on Loans Advances and Inter Corporate Deposits as the same are not recoverable and are also outstanding. This interest accounting will have an effect on Profit and Loss Account of the Company.

18. The T.D.S outstanding account on interest earned is yet to be reconciled.

19. No employee is getting any remuneration.

20. No quantitative details are possible in absence of Commercial Activities during the year.

21. No information relating to licensed Capacity or Production Capacity is available at this stage.

22. No Status Change is occurred during the year in the matter of GLFL Loan.