Notes to Accounts of Yogi Infra Projects Ltd.

Mar 31, 2015

(1) Term/Right attached to Equity Shares

The company has only one class of equity shares having a par value of Rs.10/- per share. Each holder of equity shares is entitled to one vote per share. The dividend if any, proposed by the Board of Director is subject to the approval of the shareholders in the annual general meeting. However, no dividend has been proposed for the year.

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. However, no preferential amounts exists currently. The distribution will be in proportion to the number of the equity shares held by the shareholders

(2) The company does not have any Holding company.

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Mar 31, 2014

1. Corporate information

Yogi Infra Projects Ltd. is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956.

NOTE 2 : SHARE CAPITAL

(a) Term/Right attached to Equity Shares

The company has only one class of equity shares having a par value of Rs. 10/- per share. Each holder of equity shares is entitled to one vote per share. The dividend if any, proposed by the Board of Director is subject to the approval of the shareholders in the annual general meeting. However, no dividend has been proposed for the year.

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. However, no preferential amount exists currently.

The distribution will be in proportion to the number of the equity shares held by the shareholders

(b) The company does not have any Holding company.

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Mar 31, 2013

(a) Term/Right attached to Equity Shares

The Company has only one class of equity shares having a par value of Rs.10/- per share. Each holder of equity shares is entitled to one vote per share. The dividend if any, proposed by the Board of Director is subject to the approval of the shareholders in the annual general meeting. However, no dividend has been proposed for the year.

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. However, no preferential amount exists currently.

The distribution will be in proportion to the number of the equity shares held by the shareholders

(b) The Company does not have any Holding Company.

(c) Amount of Un-Paid Calls by:-

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Mar 31, 2012

Corporate information

Yogi Infra Projects Ltd. is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956.

(a) Term/Right attached to Equity Shares

The company has only one class of equity shares having a par value of Rs.10/- per share. Each holder of equity shares Is entitled to one vote per share. The dividend if any, proposed by the Board of Director is subject to the approval of the shareholders in the annual general meeting. However, no dividend has been proposed for the year.

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.However, no preferential amounts exists currently.

The distribution will be in proportion to the number of the equity shares held by the shareholders

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Mar 31, 2011

1. Previous year's Figures:

The Previous year's figures have been recast / restated, wherever necessary to confirm to current period classification.

2. Share Capital:

The Company has at present, only one class of shares i.e. Equity Shares.

3. Fixed Assets :

The company does not have any Fixed Assets.

4. Loans and Advances :

Advances recoverable in cash, kind or value to be received are primarily towards prepayments for value to be received. Advance income tax represents tax deducted at source. Advances amounting to Rs.759.94 Lakhs paid to various parties are towards the purchase of Land and Plots, required for the infrastructure and land development activities to be carried out by the Company and Company is yet to enter into agreement with the parties concerned.

5. Treatment of Contingent Liabilities :

Contingent Liabilities are disclosed by way of note to the Balance Sheet, Provision is made in accounts for those liabilities which are likely to materialize after the period end and having effect on the position stated in the Balance Sheet as at the period end.

6. Foreign Exchange : NIL

7. Contingent liabilities which can be reasonably ascertained are provided for, if in the opinion of the company the future outcome may be detrimental to the company.

8. The Provisions of Gratuity, as explained to us, will be provided in respect of Employees as and when they become eligible under the payment of Gratuity Act, 1972.

9. The Balance of Sundry Debtors, Advances, bank balances and Current Liabilities are subject to confirmation from parties.

10. In the Opinion of the Board, the Current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated in the financial statement.

11. No revaluation of fixed assets has been made since the date of incorporation of the Company.

12. There were no manufacturing activities of the Company during the period 2010-11.

13. In the opinion of the Management, the Provident Fund and ESI Acts are not yet applicable to the Company.

14. No Provisions has been made in respect of leave encashment and leave travel allowances.

15. Closing Stock of Equity Shares as on 31st March, 2011 are being valued at cost or market value, which ever is lower.

16. Segment Reporting :

The Segment wise details as per Accounting Standard 17 are not applicable as there are no separate segments.

17. Inventories.

Inventories are valued at the lower of cost and net realizable value. Cost is determined on a first in first out basis and includes all applicable overheads in bringing the inventories to their present location and condition. Excise Duty arising on finished goods and Customs Duty on imported raw materials in stock (excluding stocks in the bonded warehouse) is treated as part of the cost of inventories

18. Borrowing Costs.

Borrowing costs that are attributable to the acquisition and construction of qualifying assets are capitalized as a part of the cost of the assets. Other borrowing costs are recognized as an expense in the year in which they are incurred.

19. Deferred Tax

Pursuant to the Accounting Standard (AS-22) on "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India having been made mandatory, the Company has valued the various elements of tax computation to determine whether any deferred tax asset or liability needs to be recognized. In our opinion there are no deferred tax assets or liability.

20. Related Party Disclosures

Related Party Disclosure as required by AS-18 "Related Party Disclosure" are given below:

a. Individuals owing directly or indirectly an interest in the voting power that gives them control or significant influence : NONE

b. Key Management Personnel :

Bharath Phalanetra - Whole time Director

c. Related Parties and nature of Relationship : Associate Concerns

22. The additional information pursuant to Schedule VI Part II of The Companies Act, 1956 are not applicable to the Company.

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Mar 31, 2010

1. Previous years Figures:

The Previous years figures have been recast / restated, wherever necessary to confirm to current period classification.

2. Share Capital:

The Company has at present, only one class of shares i.e. Equity Shares.

3. Fixed Assets:

The company does not have any Fixed Assets.

4. Loans and Advances:

Advances recoverable in cash, kind or value to be received are primarily towards prepayments for value to be received. Advance income tax represents payments made towards tax deducted at source. Advances amounting to Rs.698.55 Lakhs paid to various parties are towards the purchase of Land and Plots, required for the infrastructure and land development activities to be carried out by the Company and Company is yet to enter into agreement with the parties concerned.

5. Treatment of Contingent Liabilities:

Contingent Liabilities are disclosed by way of note to the Balance Sheet, Provision is made in accounts for those liabilities which are likely to materialize after the period end and having effect on the position stated in the Balance Sheet as at the period end.

6. Foreign Exchange: NIL

7. Expenditure on employees in respect of salary not less then Rs. 6,00,000/- per year or Rs. 50,000/- per month when employed for the part of the year Rs. NIL.

8. Contingent liabilities which can be reasonably ascertained are provided for, if in the opinion of the company the future outcome may be detrimental to the company.

9. The Provisions of Gratuity, as explained to us, will be provided in respect of Employees as and when they become eligible under the payment of Gratuity Act, 1972.

10. The Balance of Sundry Debtors, Advances, bank balances and Current Liabilities are subject to confirmation from parties.

11. In the Opinion of the Board, the Current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated in the financial statement.

12. No revaluation of fixed assets has been made since the date of incorporation of the Company.

13. There were no manufacturing activities of the Company during the period 2009-2010.

14. In the opinion of the Management, the Provident Fund and ESI Acts are not yet applicable to the Company.

15. No Provisions has been made in respect of Gratuity, leave encashment and leave travel allowances.

16. Closing Stock of Equity Shares as on 31st March, 2010 are being valued at cost or market value, which ever is lower.

17. Segment Reporting:

The Segment wise details as per Accounting Standard 17 are not applicable as there are no separate segments.

18. Fixed Assets The company does not have any fixed assets.

19. Inventories.

Inventories are valued at the lower of cost and net realizable value. Cost is determined on a first in first out basis and includes all applicable overheads in bringing the inventories to their present location and condition. Excise Duty arising on finished goods and Customs Duty on imported raw materials in stock (excluding stocks in the bonded warehouse) is treated as part of the cost of inventories

20. Borrowing Costs.

Borrowing costs that are attributable to the acquisition and construction of qualifying assets are capitalized as a part of the cost of the assets.

Other borrowing costs are recognized as an expense in the year in which they are incurred.

21. Deferred Tax

Pursuant to the Accounting Standard (AS-22) on "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India having been made mandatory, the Company has valued the various elements of tax computation to determine whether any deferred tax asset or liability needs to be recognized. In our opinion there are no deferred tax assets or liability

23. Related Party Disclosures

Related Party Disclosure as required by AS-18 "Related Party Disclosure" are given below:

a. Individuals owing directly or indirectly an interest in the voting power that gives them control or significant influence: NONE

b. Key Management Personnel:

Bharath Phalanetra - Whole time Director

c. Related Parties and nature of Relationship : Associate Concerns

Sl. No. Category Name of the concern

1 Associate Kr anion Technologies Pvt. Ltd.

25. The additional information pursuant to Schedule VI Part II of The Companies Act, 1956 are not applicable to the Company.