The Company has only one class of shares having a par value of Rs 10 per share. Each shareholder is eligible for one vote per share held and will rank pari passu with each other in all respects. The dividend, if and when declared by the Company, will be paid in Indian Rupees after approval of the approval of shareholders in the annual general meeting. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion in their shareholding.

2. ADDITIONAL NOTES TO THE ACCOUNTS

1 In respect of investments, no provision has been made in the accounts for the diminution in the value of investments of Rs 0.50 lakhs.

2 Cash on hand, as at March 31, 2015, was physically verified by the Management and a certificate in respect of such verification has been duly furnished to the Auditors.

3 Balances of some of the bank accounts, which are inactive for a considerable period of time, are subject to confirmation.

4 No provision for taxation has been made in the accounts in view of the losses for the year.

5 Deferred tax liability or asset has not been recognized in the accounts in view of the absence of any timing differences..

6 As the Company's business activity falls within a single primary segment, the disclosure requirement of Accounting Standard 17 "Segment Reporting", issued by the Institute of Chartered Accountants of India, is not applicable.

7 Related party disclosures - i Name of the related party and nature of relationship :

Ritesh H Patel Executive Director

Akash H Patel Non Executive Director

Pratik J Mehta Non Executive Director

Vijay I Patel Non Executive Director (Resigned w.e.f March 31, 2015)

Meena Mistry Non Executive Director (Appointed wef March 31, 2015)

Hem Exim Private Limited Company under the same management