Notes to Accounts of Nardhana Infrastructure Ltd.

Mar 31, 2013

N0TE-A1 CORPORATE PROFILE

Nardhana Infrastructure Limited (the ''Company") is engaged in business of Trading of Fabrics & related products & Infrastructure project & related developments. The Company''s equity shares are listed on the Bombay Stock Exchange.

The Company has first incorporated with the Name "Pithampur Steels Limited" under Companies Act, 1956. The Shareholders of the Company passed a Special Resolution to change the Name of Company to Nardhana Infrastruture Limited, and a fresh certificate of Incorporation with Name "Nardhana Infrastructure Limited" has been obtained from Registrar of Companies, Madhya Pradesh and Chattisgarh, on 2nd July, 2010.

The new Name of the Company has not been updated in Bombay Stock Exchange and Income Tax Department. As clarification received by Management, the Management is in process of updating the Name.

2. Foreign Exchange Transactions

It is explained to us that No Foreign Exchange Transaction has been carried out during the year.

3. Quantitative Details

During the previous financial year 2012-2013 the company has traded VAT free goods (Fabrics, Shirting''s and Suiting)

The details of SALES, OPENING STOCK AND CLOSING STOCK of VAT free goods are as under:-

4.Relating to Current Assets, Current Liabilities, Loans and Advances

In the opinion of the management the balances of current assets, current liabilities, loans and advances have a realizable value in the ordinary course of business at least equal to the value at which they are stated in the balance sheet. The balance standing the said accounts are subject to confirmation and reconciliations.

5.Related Party Transactions -

The Disclosure as per AS - 18 ''Related Party Transactions''

a) Key Managerial Person/ Directors/ Persons having significant influence in the company - Suresh Sharma

b) Relatives of a) above

- Sachin Sharma

c) Entities over which Company or Key Managerial Personnel or their relatives, exercise significant influence.

- Brakes Auto India Limited

- S S Forgings & Engineering Limited

- Vertex Spinning Limited

In view of the management of the company the transactions entered, payments received and given are in ordinary course of business and are done at arm length price.

6.Micro, Small and Medium Enterprises Development Act, 2006

Based on the information available with the company, there are no suppliers who are registered under the Micro, Small and Medium Enterprises Development Act, 2006 as at March 31, 2013. Hence, the information as required under the Micro, Small and Medium Enterprises Development Act, 2006 is not disclosed.

7.Previous year figures have been regrouped or rearranged wherever necessary so as to make them comparable with current year classifications.

---

Mar 31, 2012

NOTE-A CORPORATE PROFILE

Nardhana Infrastructure Limited (the ''Company'') is engaged in business of Trading of Fabrics & related products & Infrastructure project & related developments. The company''s equity shares are listed on the Bombay Stock Exchange.

The Company has first Incorporated with the Name "Pithampur Steels Limited" under Companies Act 1956. Then Shareholders of the Company passed a Special Resolution for change of Name of Company to Nardhana Infrastructure Limited and a fresh Certificate of Incorporation with Name "Nardhana Infrastructure Limited " has been obtained from Registrar of Companies, Madhya Pradesh and Chhattisgarh, on 2nd July 2010.

The new Name of the Company has not been updated in Bombay Stock Exchange and Income Tax Department. As clarification received by Management, the Management is in process of updating the Name.

1. Foreign Exchange Transactions

It is explained to us that No Foreign Exchange Transaction has been carried out during the year.

2. Relating to Current Assets, Current Liabilities, Loans and Advances

In the opinion of the management the balances of current assets, current liabilities, loans and advances have a realizable value in the ordinary course of business at least equal to the value at which they are stated in the balance sheet. The balance standing the said accounts are subject to confirmation and reconciliations.

3. Related Party Transactions -

The Disclosure as per AS - 18 ''Related Party Transactions''

a) Key Managerial Person/ Directors/ Persons having significant influence in the company

- Suresh Sharma

b) Relatives of a) above.

- Sachin Sharma

c) Entities over which Company or Key Managerial Personnel or their relatives, exercise significant influence.

- Brakes Auto (India) Limited

- S. S. Forgings & Engineering Limited

- Vertex Spinning Limited

In view of the management of the company the transactions entered, payments received and given are in ordinary course of business and are done at arm length price.

4. Micro, Small and Medium Enterprises Development Act, 2006

Based on the information available with the company, there are no suppliers who are registered under the Micro, Small and Medium Enterprises Development Act, 2006 as at March 31, 2012. Hence, the information as required under the Micro, Small and Medium Enterprises Development Act, 2006 is not disclosed.

5. Previous year figures have been regrouped or rearranged wherever necessary so as to make them comparable with current year classifications.

---

Mar 31, 2011

1. Contingent Liabilities

- Claims against the Company disputed and not acknowledged as debts - NIL

- The contingent liability which might arise from pending assessments under various statutes. In view of the management the effect of same is not ascertainable.

2.Information as required Current Year Prev. Year

a) Estimated amount of Capital Contract outstanding NIL NIL b) Claim against Company not acknowledged as NIL NIL

c) Advance against capital goods NIL NIL

d) Contingent liability not acknowledged NIL NIL

e) Loans & Advances include due from Direct NIL NIL

f) Balance of Debtors, Creditors, Unsecured Loans, Loans & Advances* are subject to confirmation and reconciliation and are stated in the ordinary course of business. Many of the accounts in which there is no movement/transactions during the previous financial years, are

3. Quantitative Details -

The details of SALES, OPENING STOCK AND CLOSING STOCK are as under. -

4. In the opinion of the management the balances of current assets, current liabilities, loans and advances have a realizable value in the ordinary course of business at least equal to the value at which they are stated in the balance sheet. The balance standing the said accounts are subject to confirmation and reconciliations,

5. Earning Per Share -

6. Related Party Transactions -

The Disclosure as per AS - 18 'Related Party Transactions'

a) Key Managerial Person/ Directors/ Persons having significant influence in the company

Suresh Sharma

b) Relatives of b) and c)' above.

Sachin Sharma

c) Entities over which Company or Key Managerial Personnel or their relatives exercise significant influence.

- Brakes Auto India Limited

- S S Forgings & Engineering Limited

- Vertex Spinning Limited

Transactions with Related Parties during the year ended on 31.03.2011:

In view of the management of the company the transactions entered, payments received and given are in ordinary course of business and are done at arm length price.

7. Segmental Reporting -

The reporting requirements of Segmental Reporting (AS-17) are not applicable on the company.

8. Differed Tax

The computation of Deferred Tax Liability as on 31.03.2011 is as mentioned he reunden-

9. Share Application Money Pending Allotment -

At the start of financial year the company has Rs. 2780000 lying to the credit of Share Application Money pending allotment from last few years from certain parties. In the view of the management the same needs to be paid back and will be paid back and consequently the same has been regrouped in Unsecured Loans.

10. Secured Loans -

The company has Rs. 14390439 standing to the credit of SBI, Indore as Outstanding Term Loan secured against the hypothecation of Stock & Book Debt & Second Charge over the Plant and Machinery of the Company. The mater of settlement is sub judicial.

11. Micro, Small and Medium Enterprises Development Act. 2006

Based on the information available with the company, there are no suppliers who are registered under the Micro, Small and Medium Enterprises Development Act, 2006 as at March 31, 2011. Hence, the information as required under the Micro, Small and Medium Enterprises Development Act, 2006 is not disclosed.

The Schedules referred to above form an integral part of the Balance Sheet & Profit & Loss Account.

---

Mar 31, 2010

1. Contingent Liabilities

- Claims against the Company disputed and not acknowledged as debts -NIL

- The contingent liability which might arise from pending assessments under various statutes. In view of the management the effect of same is not ascertainable.

2. Information as required

Current Year Prev. Year

a) Estimated amount of Capital Contract outstanding NIL NIL

b) Claim against Company not acknowledged as debts NIL NIL

c) Advance against capital goods NIL NIL

d) Contingent liability not acknowledged as debt NIL NIL

e) Loans & Advances include due from Directors NIL NIL

f) Balance of Debtors, Creditors, Unsecured Loans, Loans & Advances are subject to confirmation and reconciliation and are stated in the ordinary course of business. Many of the accounts in which there is no movement/transactions during the previous financial years, are 100% recoverable and/payable in view of the management.

3. In the opinion of the management the balances of current assets, current liabilities, loans and advances have a realizable value in the ordinary course of business at least equal to the value at which they are stated in the balance sheet. The balance standing the said accounts are subject to confirmation and reconciliations.

4. Related Party Transactions -

The Disclosure as per AS -18 Related Party Transactions

a) Key Managerial Person/ Directors/ Persons having significant influence in the company

- Suresh Sharma

b) Relatives of b) and c) above.

- Sachin Sharma

c) Entities over which Company or Key Managerial Personnel or their relatives, exercise significant influence.

- Brakes Auto India Limited

- S S Forgings & Engineering Limited

- Vertex Spinning Limited

5. Segmental Reporting -

The reporting requirements of Segmental Reporting (AS-17) are not applicable on the company.

6. Share Application Money Pending Allotment -

At the start of financial year the company has Rs. 2780000 lying to the credit of Share Application Money pending allotment from last few years from certain parties. In the view of the management the same needs to be paid back and will be paid back and consequently the same has been regrouped in Unsecured Loans.

7. Secured Loans -

The company has Rs. 14390439 standing to the credit of SBI, Indore as Outstanding Term Loan secured against the hypothecation of Stock & Book Debt & Second Charge over the Plant and Machinery of the Company. The mater of settlement is subjudicied.

8. Regrouping/Rearrangement

Previous year figures have been regrouped or rearranged wherever necessary so as to make them comparable with current year classifications.

9. Micro. Small and Medium Enterprises Development Act, 2006

Based on the information available with the company, there are no suppliers who are registered under the Micro, Small and Medium Enterprises Development Act, 2006 as at March 31, 2010. Hence, the information as required under the Micro, Small and Medium Enterprises Development Act, 2006 is not disclosed.

The Schedules referred to above form an integral part of the Balance Sheet & Profit & Loss Account.