Notes to Accounts of Rishab Financial Services Ltd.

Mar 31, 2013

1. As on 31st March 2013, there are no micro and small business enterprises, to whom the Company owes dues and which are outstanding for more than 45 days. This information as required under the Micro, Small and Medium Enterprises Development Act, 2006, has been determined to the extent such parties have been identified on the basis of information available with the Company.

2. Compliance with Accounting Standards :

In addition to the appropriate Accounting Standards which have been already considered while preparing the financial statements the following significant Accounting Standards have also been duly compiled with:

a) Related Party Disclosures (AS 18): During the year under review,there were no transactions with any related parties.

c) Consolidated Financial Statements : (AS 21)

As the Company has no subsidiary, the question of preparation of consolidated financial statement does not arise. Accordingly, there is nothing to report with respect to AS 21 relating to Consolidated Financial Statements.

d) Accounting for Taxes on Income : (AS 22)

Deferred Tax Assets / Liabilities are recognized as per Accounting Standard AS 22 on Accounting for taxes on Income issued by the Institute of Chartered Accountants of India. Provision for deferred tax is made for timing differences arising between the taxable incomes and accounting income computed at currently applicable tax rates. sum to any Small Scale Industrial undertakings.

3. Pevious yearS fi9UreS h3Ve been re3rouPed and rearranged wherever necessary, to confirm to the current year''s classification.

---

Mar 31, 2012

1. As on 31st March 2012, there are no micro and small business enterprises, to whom the Company owes dues and which are outstanding for more than 45 days. This information as required under the Micro, Small and Medium Enterprises Development Act, 2006, has been determined to the extent such parties have been identified on the basis of information available with the Company.

2. Compliance with Accounting Standards :

In addition to the appropriate Accounting Standards which have been already considered while preparing the financial statements the following significant Accounting Standards have also been duly compiled with :

a) Related Party Disclosures (AS 18): During the year under review, there were no transactions with any related parties.

c) Consolidated Financial Statements : (AS 21)

As the Company has no subsidiary, the question of preparation of consolidated financial statement does not arise. Accordingly, there is nothing to report with respect to AS 21 relating to Consolidated Financial Statements.

d) Accounting for Taxes on Income : (AS 22)

Deferred Tax Assets / Liabilities are recognized as per Accounting Standard AS 22 on Accounting for taxes on Income issued by the Institute of Chartered Accountants of India. Provision for deferred tax is made for timing differences arising between the taxable incomes and accounting income computed at currently applicable tax rates.

3. As on March 31, 2012, the Company does not owe any sum to any Small Scale Industrial undertakings.

4. Previous year's figures have been regrouped and rearranged wherever necessary, to confirm to the current year's classification.

---

Mar 31, 2011

1. As on 31st March 2011, there are no micro and small business enterprises, to whom the Company owes dues and which are outstanding for more than 45 days. This information as required under the Micro, Small and Medium Enterprises Development Act, 2006, has been determined to the extent such parties have been identified on the basis of information available with the Company.

2. Compliance with Accounting Standards :

In addition to the appropriate Accounting Standards which have been already considered while preparing the financial statements the following significant Accounting Standards have also been duly compiled with :

a) Consolidated Financial Statements : (AS 21)

As the Company has no subsidiary, the question of preparation of consolidated financial statement does not arise. Accordingly, there is nothing to report with respect to AS 21 relating to Consolidated Financial Statements.

b) Accounting for Taxes on Income: (AS 22)

Deferred Tax Assets / Liabilities are recognized as per Accounting Standard AS 22 on Accounting for taxes on Income issued by the Institute of Chartered Accountants of India. Provision for deferred tax is made for timing differences arising between the taxable incomes and accounting income computed at currently applicable tax rates.

3. As on March 31, 2011, the Company does not owe any sum to any Small Scale Industrial undertakings.

4. Previous year's figures have been regrouped and rearranged wherever necessary, to confirm to the current year's classification.

---

Mar 31, 2010

1. Income-tax assessments have been completed upto the Assessement Year 2007-08.

2. As on 31sl March 2010, there are no micro and small business enterprises, to whom the Company owes dues and which are outstanding for more than 45 days. This information as required under the Micro, Small and Medium Enterprises Development Act, 2006, has been determined to the extent such parties have been identified on the basis of information available with the Company.

3. Compliance with Accounting Standards

In addition to the appropriate Accounting Standards which have been already considered while preparing the financial statements the following significant Accounting Standards have also been duly compiled with:

c) Consolidated Financial Statements: (AS 21)

As the Company has nosubsidiary, the question of preparation of consolidated financial statement does not arise. Accordingly, there is nothing to report with respect to AS 21 relating to Consolidated Financial Statements.

d) Accounting for Taxes on Income: (AS 22)

Deferred Tax Assets / Liabilities are recognized as per Accounting Standard AS 22 on Accounting for taxes on Income issued by the Institute of Chartered Accountants of India. Provision for deferred tax is made for timing differences arising between the taxable incomes and accounting income computed at currently applicable tax rates.

4. As on March 31, 2010, the Company does not owe any sum to any Small Scale Industrial undertakings.

5. Previous year's figures have been regrouped and rearranged wherever necessary, to confirm to the current year's classification.