Notes to Accounts of Ekam Leasing & Finance Company Ltd.

Mar 31, 2013

Note: 1 Background

Ekam Leasing And Finance Co. Ltd. is a Company registered with Registrar of Companies, Delhi & Haryana, New Delhi. The Company is a Public Limited Company whose shares are listed in BSE, DSE and LSE. Ekam Leasing And Finance Co. Ltd. is on NBFC subject to relevant RBI Guidelines applicable.

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Mar 31, 2012

1. There is no inflow & outflow of Foreign Exchange during the year.

2. Provisions of Provident Fund Act & Employee State Insurance are not applicable for the period under consideration.

3. No provision for gratuity is required to be made.

4. Balances of parties to whom loans given and taken are subject to confirmation & reconciliation from the parties concerned.

5. Stock in trade as on 31.03.2012 has been physically verified by the management. The stock of shares is held in physical form.

6. Provision for deferred Tax liability in accordance with AS 22 has been provided.

7. Contingent liabilities not provided for: NIL

8. Cash Flow statement for the year ended 31* March 2012 is annexed.

9. Previous Year's figures have been regrouped/rearranged/recasted in view of revised schedule VI of Companies Act, 1956 wherever considered necessary to make them comparable with the current year's figures.

10. There is no related party transaction as defined under accounting standard 18 issued by the Institute of Chartered Accountants of India.

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Mar 31, 2010

1. Contingent liabilities not provided for: NIL

2. Cash Flow statement for the year ended 31s1 March 2010 is annexed

3. In view of Losses no deferred tax has been worked out.

4 Previous years figures have been regrouped/rearranged/recasted wherever considered necessary to make them comparable with current year s figures.

5 There is no related party transaction as defined under accounting standard 18 issued by the Institute of Chartered Accountants of India.