Notes to Accounts of Capital Finvest Ltd.

Mar 31, 2014

RIGHTS 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 Directors and approved by the shareholders in the Annual General Meeting will be paid in Indian rupees. 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.

1 Remittance in foreign currency during the year (Previous Year__NIL)

2 Earnings in foreign exchange during the year (Previous Year____NIL)

3 Tax deducted at source on interest (Previous Year Rs. 20000/-) RS. 21 Inventories consisting of securities and commodities are valued at lower of cost or market price.

4 In the opinion of the Directors, Current Assets, loans and advances have the Value at which they are stated in the Balance Sheet, if realised in the ordinary course of business.

5 The company did not owe any sum to any small scale Industrial undertaking.

6 Dividends received consist of Rs. 2,03,291.60 from stock in trade (Previous year Rs. 1,17,818.70) and Rs. 3,28,626/- from Long Term Investments (Previous Year Rs.2,06,250.50).

7 Figures of previous year have been recast /re-arranged to make them comparable with that of current year.

8 In the opinion of the Company, there is mainly only one identified segment i.e. activities of NBFC for the purpose of Accounting Standard 17 and all the operations of the company were conducted within India as such there is no separate reportable geographical segment.

9 Depriciation on fixed assets has been provided on the written down values at the rates prescribed under the Companies Act 1956 which is higher by Rs. 17,615/- had it been provided at the rates prescribed under the IT Rules, 1962.

10 Disclosure of transactions with related parties as required by the Accounting Standard 18

Transactions at the National Spot Exchange Limited of which it is a member, were carried out in the ordinary course as a broker only. There was no outstanding balance at the end of the year.

11 Earning Per Share is calculated by dividing the profit after tax attributable to equity shareholders by the outstanding aggregate equity shares in accordance with the prescribed accounting statndard

12 No provision has been made for the shortfall, if any, in respect of the cost value and the market value of long term investments as the Directors are of the opinion that diminution, if any, in value is not permanent.

13 Information pursuant to Non-Banking Financial ( Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions 2007 is appended in the annexure.

14 There is no deferred tax liability as per Accounting Standard 22 issued by the Institute of Chartered Accountants of India in respect of accounting for taxes on income.

15 Additional information for disclosure required to be made pursuant to the provisions of paragraph 3,4C and 4D of part II of Schedule VI of the Companies Act, 1956 and Accounting Standards has been given to the extent applicable.

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Mar 31, 2013

RIGHTS 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 Directors and approved by the shareholders in the Annual General Meeting will be paid in Indian rupees. 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.

1 Licensed capacity /installed capacity/actual production N A

2 Expenses in foreign currency incurred during the year (Royalty, Knowhow, Professional and Consultation Fee, Interest and other) (Previous Year.... NIL) NIL

3 Remittance in foreign currency during the year (Previous Year ....NIL) NIL

4 Earnings in foreign exchange during the year (Previous Year ....NIL) NIL

5 Tax deducted at source on interest (Previous Year Rs. 15000/-) Rs. 20000/-

6 Inventories consisting of securities and commodities are valued at lower of cost or market price.

7 In the opinion of the Directors, Current Assets, loans and advances have the Value at which they are stated in the Balance Sheet, if realised in the ordinary course of business.

8 The company did not owe any sum to any small scale Industrial undertaking.

9 Dividends received consist of Rs. 1,17,818.70 from stock in trade (Previous year Rs. 1,93,093) and Rs. 2,06,250.50 from Long Term Investments (Previous Year Rs. 1,02,970/-).

10 Figures of previous year have been recast /re-arranged to make them comparable with that of current year.

11 In the opinion of the Company, there is mainly only one identified segment i.e. activities of NBFC for the purpose of Accounting Standard 17 and all the operations of the company were conducted within India as such there is no separate reportable geographical segment.

12 Disclosure of transactions with related parties as required by the Accounting Standard 18 Key Management Personnel

Rattan Singhania Director

Lalit Kumar Director

Arun Kumar Garg Director

Transactions at the National Spot Exchange Limited of which it is a member, were carried out in the ordinary course as a broker only. There was no outstanding balance at the end of the year.

13 Earning Per Share is calculated by dividing the profit after tax attributable to equity shareholders by the outstanding aggregate equity shares in accordance with the prescribed accounting statndard

14 No provision has been made for the shortfall, if any, in respect of the cost value and the market value of long term investments as the Directors are of the opinion that diminution, if any, in value is not permanent.

15 Information pursuant to Non-Banking Financial ( Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions 2007 is appended in the annexure.

16 There is no deferred tax liability as per Accounting Standard 22 issued by the Institute of Chartered Accountants of India in respect of accounting for taxes on income.

17 Additional information for disclosure required to be made pursuant to the provisions of paragraph 3,4C and 4D of part II of Schedule VI of the Companies Act, 1956 and Accounting Standards has been given to the extent applicable.

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Mar 31, 2012

1. Share Capital

RIGHTS 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 Directors and approved by the shareholders in the Annual General Meeting will be paid in Indian rupees. 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.

2. Licensed capacity/installed capacity/actual production N.A.

3. Expenses in foreign currency incurred during the year (Royalty, Knowhow, Professional and Consultation Fee, Interest and other) (Previous Year NIL) NIL

4. Remittance in foreign currency during the year (Previous Year ... NIL) NIL

5. Earnings in foreign exchange during the year (Previous Year NIL) NIL

6. Tax deducted at source on interest (Previous Year Rs. 11250/-) Rs. 15000/-

7. Inventories consisting of securities and commodities are valued at lower of cost or market price.

8. In the opinion of the Directors, Current Assets, loans and advances have the Value at which they are stated in the Balance Sheet, if realised in the ordinary course of business.

9. The company did not owe any sum to any small scale Industrial undertaking.

10. Dividends received consist of Rs. 1,93,093/- from stock in trade (Previous year Rs. 1,41,789.90) and Rs. 1,02,970/- from Long Term Investments (Previous Year Rs.1,08,615/-).

11. Figures of previous year have been recast /re-arranged to make them comparable with that of current year.

12. "In the opinion of the Company, there is mainly only one identified segment i.e. activities of NBFC for the purpose of Accounting Standard 17 and all the operations of the company were conducted within India as such there is no separate reportable geographical segment."

13. Disclosure of transactions with related parties as required by the Accounting Standard 18 Key Management Personnel

Rattan Singhania Director

Lalit Kumar Director

Arun Kumar Garg Director

Nature of Transactions with related Parties

This Year (Rs.) Previous Year (Rs.)

Remuneration to Rattan Singhania 900000.00 600000.00

Transactions at the National Spot Exchange Limited of which it is a member, were carried out in the ordinary course as a broker only. There was no outstanding balance at the end of the year.

14. Earning Per Share is calculated by dividing the profit after tax attributable to equity shareholders by the outstanding aggregate equity shares in accordance with the prescribed accounting standard

15. No provision has been made for the shortfall, if any, in respect of the cost value and the market value of long term investments as the Directors are of the opinion that diminution, if any, in value is not permanent.

16. Information pursuant to Non-Banking Financial ( Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions 2007 is appended in the annexure.

17. There is no deferred tax liability as per Accounting Standard 22 issued by the Institute of Chartered Accountants of India in respect of accounting for taxes on income.

18. Additional information for disclosure required to be made pursuant to the provisions of paragraph 3,4C and 4D of part II of Schedule VI of the Companies Act, 1956 and Accounting Standards has been given to the extent applicable.

19. The financial statements for the year ended March 31,2011 had been prepared as per the then applicable, pre- revised Schedule VI to the Companies Act, 1956, Consequent to the notification of Revised Schedule VI under the Companies Act, 1956, the financial statements for the year ended March 31,2012 are prepared as per Revised Schedule VI. Accordingly, the previous year figures have also been reclassified to conform to this year's classification. The adoption of Revised Schedule VI for previous year figures does not impact recognition and measurement principles followed for preparation of financial statements.