Notes to Accounts of Emporis Projects Ltd.

Mar 31, 2014

Corporate Information

Emporis Projects Limited , is a company incorporated in March 1995 under the Indian Companies Act, 1956, to deliver customized logistics and supply chain management solutions based upon global best practices to its clients that improve service efficiency and reduce distribution cost throughout the supply chain, drive revenue and achieve global competitive advantage which allows clients to improve internal asset utilization and focus on their own distinct core competencies and to provide third party logistics (3PL) services including logistics solutions for inventory management, transportation management, strategic sourcing and procurement, warehouse management, risk management, product warranty processes and reverse logistics, IT solutions assessment and implementation which adds value to the product and provide increased visibility in to the supply chain. & Investment Activity in Shares & Securities & related instruments etc.

1 Research & Development Expenses

The expenditure on Research & Development is not separately ascertainable as the same has been included under various heads of expenditure in the Profit & Loss Account.

2 Segment Reporting:

Considering the organization structure, nature of products & risk and return profile based on geographical distribution, the formulation business is considered as a Single Segment.

3 Contingent Liabilities / Assets

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurency on non occurrence of one or more uncertain future events beyond the control of the company or a present obligation that is not recognised because it is not probable that an outflow of resources will be required to the settle the obligation. A contingent liability also arises in extremely rare cases where there is a liability that cannot be measured reliably. The Company does not recognise a contingent liability but discloses its existances in the financial statements. Contingent assets are not recognised in the financial statements. However contingent assets are assessed continually and if it is virtually certain that an economic benefit will arise, assets and related income are recognised in the period in which the change occurs.

4 Employee Benefits

Provident Fund & Gratuity is not applicable to the Company

5 Balances in the accounts of debtors, creditors and contracts and contractors, certain Bank Accounts are taken subject to confirmation and reconciliation and only upon such confirmation and reconciliation, the entries fordiscounts, claimsand writing off sundry balances etc. will be recorded in the books.

6 In the absence of detailed information from Small Scale and Ancillary Undertaking, included under the head Sundry Creditors dues there from are not ascertained as on the date of Balance Sheet.

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Mar 31, 2012

1 CORPORATE INFORMATION :

"Emporis Projects Limited , is a company incorporated in March 1995 under the Indian Companies Act, 1956, To deliver customized logistics and supply chain management solutions based upon global best practices to its clients that improve service efficiency and reduce distribution cost throughout the supply chain, drive revenue and achieve global competitive advantage which allows clients to improve internal asset utilization and focus on their own distinct core competencies and to provide third party logistics (3 PL) services including logistics solutions for inventory management, transportation management, strategic sourcing and procurement, warehouse management, risk management, product warranty processes and reverse logistics, IT solutions assessment and implementation which adds value to the product and provide increased visibility in to the supply chain. & Investment Activity in Shares & Securities & related instruments etc." "

a) Terms/ rights attached to the Equity Shares :

The Company has only one class of Equity Shares having a par value of '' 10 each. Each Shareholder is eligible one vote per share. Any Shareholder whoes name is entered in the Register of Members of the Company shall enjoy the same rights and be subject to the same liabilities as all other shareholders. The dividend, if any, proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. 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 to their shareholding.

2. CONTINGENT LIABILITIES / ASSETS :

A contingent liability is a possible obligation that arises from past events whose existance will be confirmed by the occurency on non occurrence of one or more uncertain future events beyond the control of the company or a present obligation that is not recognised becouse it is not probable that an outflow of resources will be required to the settle the obligation. A contingent liability also arises in extremely rare cases where there is a liability that cannot be measured reliably The Company does not recognise a contingent liability but discloses its existances in the financial statements

Contingent assets are not recognised in the finnacial statements. However contingent assets are assessed continually and if it is virtually certain that an economic benefit will arise, assets and related income are recognised in the period in which the change occurs.

3 EMPLOYEE BENEFITS :

Providend Fund & Gratuity is not applicable to the Company

4. Balances in the accounts of debtors, creditors and con-tracts and contractors, certain Bank Accounts are taken subject to confirmation and reconciliation and only upon such confirmation and reconciliation, the entries for discounts, claims and writing off sundry balances etc. will be recorded in the books.

5. In the absence of detailed information from Small Scale and Ancillary Undertaking, included under the head Sundry Creditors dues there from are not ascertained as on the date of Balance Sheet.

6. Previous year''s figures have been regrouped / rearranged wherever deemed necessary.

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Mar 31, 2011

1. Estimated value of Contract outstanding on Capital accounts Rs. NIL

2. Expenditure incurred relating to Public Issue is amortised over a period of 10 years.

3. Advance recoverable in cash or kind includes advance in the nature of loan which are without any stipulation regarding the interest and for which confirmations are not obtained. In the absence of stipulation as to interest no portions of the interest has been considered as accrued.

4. The purchase consideration for the Land and Building at Ahmedabad was paid to the Managing Director and the assets are yet to be transferred in the name of the Company.

5. In the opinion of the Board Current Assets, Loans and Advances will fetch the amount stated, if realized in the ordinary course of business.

6. Previous Year Figures have been regrouped or rearrange wherever necessary.

NOTE :- The Cash Flow Statement has been prepared under the Indirect method as set out in AS 3 on Cash Flow Statement issued by Companies (Accounting Standard) Rules, 2006.

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Mar 31, 2010

1. Contingent Liability:

Contingent Liabilities determined on the basis of the available information.

2. Investments: Investments are stated at cost

3. Miscellaneous Expenditure:

Consistent to the accounting policy adopted last year, preliminary and public issue expenses are nate amortised during the year (refer note 12.)

4. Taxation:

The provision for tax made during the year, is based on the assessable profits of the company computed in accordance with provisions of the Income-Tax Act, 1961.

5. Retirement Benefits:

These are accounted on cash basis.

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Mar 31, 2009

1) Previous Year figures have been regrouped wherever necessary.

2) The debit and credit balances in the Balance sheet are subject to the confirmation by the parties concerned and are subject to reconciliation if any.

3) No Provision for gratuity & Provident fund is made; as the actual valuation is not done the same is not quantified.

4) In the opinion of the board, Current assets, Loans and Advances are approximately of the value stated if realized in the ordinary course of business.

5) Contingent Liabilities not provided for:

Filing fees paid to ROC on increase of authorised capital NIL (NIL)

6) Estimated amount of capital contracts remaining to be executed on capital account: Rs. NIL (NIL)

7) According to the management, advances made to companies under section 370(i-B) or parties listed in register maintained under section 301 of the Companies Act, 1956 are as per the contractual obligations with the said party/company or trade advances.

8) According to the management, the company has entered into an agreement for sale in respect of land. Final sale deed will be executed upon certain statutory clearance.

9)All the debtors including those outstanding for more than one year are considered good by the management: hence no provision of doubtful debts is made during the year.