Notes to Accounts of Venus Power Ventures (India) Ltd.

Mar 31, 2014

1. Particulars of Employees in accordance with sub-section (2A) of section 217 of the Companies Act, 1956 read with Companies (Particulars of Employees) Rule 1975.

2. There are no dues to SSI Units outstanding for more than 30 days.

3. The Company has not obtained confirmation from debtors / creditors as to the balances receivable from /payable to them as at year end.

4. In accordance with accounting Standard 22(AS 22) issued by the ICAI, the Company has accounted for deferred income tax during the year. The deferred income tax provision for the current year amounts to Rs.2,93,183/- towards deferred income tax Liability. (Previous year Rs.5,55,957/- towards deferred income tax Liability)

5. Secured Loans :

The company has taken vehicle loan from Axis Bank and Kotak Mahindra Prime Ltd and it was secured against hypothecation of vehicle.

6. Previous year''s figures have been regrouped wherever necessary.

7. The figures have been rounded off to the nearest rupee.

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Mar 31, 2013

1. There are no dues to SSI Units outstanding for more than 30 days.

2. Confirmations were obtained from debtors / creditors as to the balances receivable from payable to them as at year end.

3. In accordance with accounting Standard 22(AS 22) issued by the ICAI, the Company has accounted for deferred income tax during the year. The deferred income tax provision for the current year amounts to Rs.5,55,957/- towards deferred income tax Liability. (Previous year Rs.7,80,691/- towards deferred income tax Liability)

4. Secured Loans:

The company has taken vehicle loan from Axis Bank and it was secured against hypothecation of vehicle.

5. Previous year''s figures have been regrouped wherever necessary.

6. The figures have been rounded off to the nearest rupee.

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Mar 31, 2010

1. There are no dues to SSI Units outstanding for more than 30 days.

2 No Confirmations were obtained from debtors /creditors as to the balances receivable from/payable to them as at year end.

3. In accordance with accounting Standard 22(AS 22) issued by the ICAI, the Company has accounted for deferred income tax during the year The deferred income tax provision for the current year amounts to Rs.17,21,802/-towards deferred income tax Liability. (Previous year Rs.43,318/-towards deferred income tax Liability)

4. Previous yearsfigures have been regrouped wherever necessary.

5. The figures have been rounded off to the nearest rupee.

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Mar 31, 2009

1. There are not dues to SSI Units outstanding for more than 30 days.

2. No confirmations were obtained from debtors/creditors as to the balances receivable from/payable to them as at year end.

3. In accordance with Accounting Standard 22 (AS 22) issued by the ICAI, the Company has accounted for deferred income tax during the year. The deferred income tax provision for the current year amounts to Rs. 43,318/- towards deferred income tax Liability. (Previous year Rs. 2,75,751/- towards deferred income tax Liability).

4. Previous years figures have been regrouped wherever necessary.

5. The figures have been rounded off to the nearest rupee.