Notes to Accounts of Yash Management & Satellite Ltd.

Mar 31, 2015

1 SEGMENT REPORTING

The company is mainly engaged in the business of trading activities. All the activities of the company revolve around the main business, and as such, in the opinion of the management, there are no separate reportable segments.

2 AM

Under the Micro, Small and Medium Enterprises Development Act, 2006 certain disclosures are required to be made related to micro, small and medium enterprise. The company does not have any transactions with such entities.

3 Previous year's figures have been regrouped / reclassified, wherever necessary to correspond with current year's classification / disclosure

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Mar 31, 2014

1 SEGMENT REPORTING

The company is mainly engaged in the business of trading activities. All the activities of the company revolve around the main business, and as such, in the opinion of the management, there are no separate reportable segments.

2 RELATED PARTY TRANSACTIONS

List of related parties with whom transactions have taken place:

i. Particulars of Associate Companies Nature of relationship Name of Related Party Yash Securities Pvt. Ltd. Associate Company

Sankalp Properties Pvt. Ltd Associate Company

ii. Key Management Personnel

Name of Related Party Nature of Relationship

Shri Anurag Gupta Managing Director

3 AMOUNT DUE TO MICRO SMALL AND MEDIUM ENTERPRISES:

Under the Micro, Small and Medium Enterprises Development Act, 2006 certain disclosures are required to be made related to micro, small and medium enterprise. The company does not have any transactions with such entities.

4 Previous year''s figures have been regrouped / reclassified, wherever necessary to correspond with current year''s classification / disclosure

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Mar 31, 2013

1 SEGMENT REPORTING

As the company has no activities other than trading activities the segment reporting under Accounting Standard 17 – "Segment Reporting" is not applicable.

2 RELATED PARTY TRANSACTIONS

List of related parties with whom transactions have taken place:

i. Particulars of Associate Companies Nature of relationship Name of Related Party

Yash Securities Pvt. Ltd. Associate Company

Sankalp Properties Pvt. Ltd Associate Company

ii. Key Management Personnel

Name of Related Party Nature of Relationship

Shri Anurag Gupta Managing Director

3 AMOUNT DUE TO MICRO SMALL AND MEDIUM ENTERPRISES:

Under the Micro, Small and Medium Enterprises Development Act, 2006 certain disclosures are required to be made related to micro, small and medium enterprise. The company does not have any transactions with such entities.

4 Previous year''s figures have been regrouped / reclassified, wherever necessary to correspond with current year''s classification / disclosure

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Mar 31, 2012

A) Detailed note on the terms of the rights, preferences and restrictions relating to each class of shares including restrictions on the distribution of dividends and repayment of Capital.

i) The Company has only one class of Equity Shares having a par value of Rs. 10/- per share. Each holder of Equity Share is entitled to one vote per share.

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

b) Detailed note on shares reserved to be issued under options and contracts / commitment for the sale of shares / divestments including the terms and conditions. The company does not have any such contract / commitment as on reporting date.

c) Detailed terms of any securities convertible into shares, e.g. in the case of convertible warrants, debentures, bonds etc.

The company does not have any securities convertible into shares as on reporting date.

1 SEGMENT REPORTING

The company is mainly engaged in the business of trading activities. All the activities of the company revolve around the main business, and as such, in the opinion of the management, there are no separate reportable segments.

2 AMOUNT DUE TO MICRO SMALL AND MEDIUM ENTERPRISES:

Under the Micro, Small and Medium Enterprises Development Act, 2006 certain disclosures are required to be made related to micro, small and medium enterprise. The company does not have any transactions with such entities.

3 In view of the revision to the Schedule VI as per notification issued by the Central Government, the financial statements for the year ended 31st March 2012 have been prepared as per the requirement of the Revised Schedule VI of the Companies Act, 1956. The previous year's figures have been accordingly regrouped/reclassified to conform to the current year's classification

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Mar 31, 2010

1. For the purpose of calculating market value of investments as well as closing stock of shares where quotations are not available on the last day of the year, die latest available quotations are taken as the market value. Further in case of shares held in stock in trade which are delisted and where the company in liquidation the same are valued at Nil. Stock in trade has been taken, valued and certified by the Management.

2. Investment in shares of delisted companies where the market value is Nil is stated at negligible value.

3. As on 31st March 2010, the Company does not have any employees to whom gratuity or any retirement benefits are payable.

4. Segment Reporting:

The company is engaged in the business of trading, finance and consultancy related services in the field of nanotechnology. The companys income derived mainly from Trading and Finance activities there is no income from consulting and related activities; hence in the opinion of the management, there are no separate reportable segments.

5. Deferred Taxation:

The company has unabsorbed depreciation & carried forward Losses under taxes Laws. In absence of virtual certainty of sufficient future taxable income, net deferred tax assets has not been recognized by way of prudence in accordance with Accounting Standard (AS22) "Accounting for taxes on Income" issued by the Institute of Chartered Accountants of India.

6. Related party Disclosure:

List of related parties with whom transactions have taken place & relationship:

(i) Particulars of Associates Companies

Name of Related Party Nature of Relationship

Yash Securities Pvt. Ltd. Associate Company

Sankalp Properties Pvt. Ltd. Associate Company

(ii) Key Management Personnel

Name of Related Party Nature of Relationship

Shri Anurag Gupta Chairman & Managing Director

7. There are no Micro and Small Enterprises to whom the Company owes sums, which are outstanding more than 45 days as at 31st March 2010. This Information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company.

8. Interest income is shown net of interest paid to banks Rs.4,61,954/- (Previous Year Rs. 9,25,589/-)

9. Balances of some of the sundry debtors, loans & advances and sundry creditors are subject to confirmation and resultant reconciliation if any.

10. In the opinion of the management the Current Assets, Loans & Advances have not less than the value stated in the Balance Sheet if realized in the ordinary course of business unless otherwise stated.

11. Previous Year Figures have been regrouped / rearranged/reclassified wherever necessary.