Notes to Accounts of Doon Valley Rice Ltd.

Mar 31, 2013

Corporate Information

The Company is not in operation and the Reg. office of the company is situated at Outside Jundla Gate, Karnal-132 001 (Haryana).

(i) Rights, Preference and restrictions attaching to each class of shares 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.

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.

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Mar 31, 2012

NOTE '1'

Corporate Information

The Company is not in operation and the Reg. office of the company is situated at Outside Jundla Gate, Karnal-132001.

NOTE '2' SHARE CAPITAL

(i) Rights, Preference and restrictions attaching to each class of shares 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 Company declares and pays dividends in Indian Rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. During the year ended 31st March 2012, the amount of per share dividend recognized as distribution to equity shareholders was Rs. 0/- (Previous Year Rs. 0./-).

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.

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Mar 31, 2011

1. No Provision for Gratuity is considered necessary since none of the employees has completed the qualifying period of service.

2. Investment represents deposits with Sterling Holiday Resorts (I) Ltd. of Rs. 75,600/- 3. Bank Interest and Bank Charges are not provided by the company as the management considers it unreasonable and not payable as the company has lodged claim against the bank.

3. SEGMENT WISE RESULTS:

During the year the company has not made any sale outside India. So there is no need for giving Segment reporting during the year.

4. Outstanding as shown in the Balance Sheet in respect of the Bank (State Bank of India, Karnal) is subject to adjustment of the claim of the company amounting to Rs.15,41,60,780/- which has already been lodged against the bank and the matter is sub judice in the court of law, claim of the bank is also disputed.

5. Additional information pursuant to provisions of part-II & III of schedule VI of Companies Act, 1956.

(A) Particular of Capacity & Production

(a) Installed Capacity (Rice) 10 MT/Hr.

(b) Licensed Capacity 10 MT/Hr.

(c) Actual Production Nil (NIL)

Note: The installed capacities are as per the certificate given by the management on which the Auditors have relied, being a technical matters.

6 . Some of the Debtors and Creditors are subject to confirmation.

7. Figures in Parenthesis represent previous year figure.

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Mar 31, 2010

1. No Provision for Gratuity is considered necessary since none of the employees has completed the qualifying period of service.

2. Investment represents deposits with Sterling Holiday Resorts (I) Ltd. of Rs. 75600/-

3. Bank Interest and Bank Charges are not provided by the company as the management considers it unreasonable and not payable as the company has lodged claim against the bank.

4. SEGMENT WISE RESULTS:

During the year the company has not made any sale outside India. So there is no need for giving Segment reporting during the year.

5. Outstanding as shown in the Balance Sheet in respect of the Bank (State Bank of India, Karnal) is subject to adjustment of the claim of the company amounting to Rs.15,41,60,780/- which has already been lodged against the bank and the matter is in the court of law, claim of the bank is also disputed.

Note: The installed capacities are as per the certificate given by the management on which the Auditors have relied, being a technical matters.

6. Some of the Debtors and Creditors are subject to confirmation.

7. Figures in Parenthesis represent Previous year figure.