Notes to Accounts of SVC Resources Ltd.

Mar 31, 2015

1. Rights, preferences and restrictions attached to shares:

Ordinary shares of Rs. 1 each:

(a) In respect of every Ordinary share (whether fully paid or partly paid), voting right shall be in same proportion as the capital paid upon such Ordinary share bears to the total paid up ordinary capital of the Company.

(b) The dividend 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.

(c) In the event of liquidation, the shareholders of Ordinary Shares are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholdings.

2. Information regarding issue of shares in the last five years:

(a) The Company has not issued any shares without payment being received in cash.

(b) The Company has not issued any bonus shares.

(c) The Company has not undetaken any buy-back of shares.

(d) The Company Law Board, Delhi has, by its order dated June 4, 2015, declared illegal and cancelled allotment of following shares of the company; 10,844,426 alloted on May 8, 2013 and 29,700,000 alloted on August 5, 2013.

3. Other Notes

(a) Previous year figures have been regrouped/reclassified wherever necessary to correspond with the current year classifications/disclosure.

(b) Current year figures are shown in bold prints.

---

Mar 31, 2014

Note : 1

Rights, preferences and restrictions attached to shares:

Ordinary shares of Rs. 1 each:

(a) In respect of every Ordinary share, voting right shall be in same proportion as the capital paid upon such Ordinary share bears to the total paid up ordinary capital of the Company.

(b) The dividend 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.

(c) In the event of liquidation, the shareholders of Ordinary Shares are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholdings.

Note : 2

Information regarding issue of shares in the last five years:

(a) The Company Law Board, Delhi has, by its order dated June 4th, 2015, declared illegal and cancelled allotment of following shares of the company; 10,844,426 alloted on May 8, 2013 and 29,700,000 alloted on August 5th, 2013.

(b) The Company has not issued any bonus shares.

(c) The Company has not undetaken any buy-back of shares.

Note : 3

Related Party Disclosures for the year ended 31st March, 2014 (a) Related party and their relationship

(i) Key management personnel

Ashok Gupta (MD)

Independent Directors

Note : 4

Other Notes

(a) Previous year figures have been regrouped/reclassified wherever necessary to correspond with the current year classifications/disclosure.

(b) Current year figures are shown in bold prints.

---

Mar 31, 2013

1. None of the raw materials, stores, spares and components consumed or purchased during the year have been imported.

2. None of the expenditure has been incurred in foreign currency.

3. None of the earnings are in foreign currency

4. Balance of Debtors, Creditors, Depositors, Loans and Advances are subject to confirmation.

5. In the opinion of the Board, the Current Assets, Loans & Advances are approximately of the value stated if realized in the ordinary course of business. The provision for depreciation and all known liabilities are adequate and not in excess of the amounts reasonably necessary.

6. Investments of the Company have been considered by management to be of a long term nature and hence they are long term investments and are valued at cost of acquisitions.

SEGMENT REPORT

7. Segment Accounting Policies are in line with the accounting policies of the Company.

DEFFERED TAX ON INCOME

8. The deffered tax has not been recognized in financial statement, as there is no reasonable certainty of future taxable income.

RELATED PARTY TRANSACTIONS

9. Following Transactions are effected with related parties during the financial year under review.

10. Previous year''s figures have been regrouped, rearranged wherever necessary to make them comparable with those of current year.

---

Mar 31, 2012

NOTE 1.1 :

The Company has only one class of equity shares having a par value of Re.l per share .

Each equity Shareholder is eligible for one vote per share . The dividend proposed by the Board of Directors is subject to the approval of shareholders , except in case of interm dividend .In event of liquidation , the equity shareholders are eligible to receive the remaining assets of the company , after distribution of all preferential amounts ,in proportion of their shareholding.

ACCOUNTING POLICIES & NOTES FORMING PART OF THE ACCOUNTS:

The Audited accounts are prepared on the basis of material available with the Company . The Company has filed a complaint with the MIDC Police station for missing/stolen of all the statutory records and books of accounts from the registered office of the company.

1. None of the raw materials, stores, spares and components consumed or purchased during the year have been imported.

2. None of the expenditure has been incurred in foreign currency.

3. None of the earnings are in foreign currency

4. Balance of Debtors, Creditors, Depositors, Loans and Advances are subject to confirmation.

5. In the opinion of the Board, the Current Assets, Loans & Advances are approximately of the value stated if realized in the ordinary course of business. The provision for depreciation and all known liabilities are adequate and not in excess of the amounts reasonably necessary.

6. Investments of the Company have been considered by management to be of a long term nature and hence they are long term investments and are valued at cost of acquisitions.

SEGMENT REPORT

7. Segment Accounting Policies are in line with the accounting policies of the Company.

DEFFERED TAX ON INCOME

8. The differed tax has not been recognized in financial statement, as there is no reasonable certainty of future taxable income.

9. Previous year''s figures have been regrouped, rearranged wherever necessary to make them comparable with those of current year.

---

Mar 31, 2011

CONTINGENT LIABILITIES

1. Contingent liabilities: Nil

OTHERS

2. None of the raw materials, stores, spares and components consumed or purchased during the year have been imported.

3. None of the expenditure has been incurred in foreign currency.

4. None of the earnings are in foreign currency

5. Balance of Debtors, Creditors, Depositors, Loans and Advances are subject to confirmation.

6. In the opinion of the Board, the Current Assets, Loans & Advances are approximately of the value stated if realized in the ordinary course of business. The provision for depreciation and all known liabilities are adequate and not in excess of the amounts reasonably necessary.

7. Investments of the Company have been considered by management to be of a long term nature and hence they are long term investments and are valued at cost of acquisitions.

SEGMENT REPORT

8. Segment Accounting Policies are in line with the accounting policies of the Company.

DEFFERED TAX ON INCOME

9. The differed tax has not been recognized in financial statement, as there is no reasonable certainty of future taxable income.

RELATED PARTY TRANSACTIONS

10. Following Transactions are effected with related parties during the financial year under review.

11. Previous year's figures have been regrouped, rearranged wherever necessary to make them comparable with those of current year.

---

Mar 31, 2010

CONTINGENT LIABILITIES

1. Contingent liabilities are not provided for : Nil

OTHERS

2. None of the raw materials, stores, spares and components consumed or purchased during the year have been imported.

3. None of the expenditure has been incurred in foreign currency.

4. None of the earnings are in foreign currency

5. Balance of Debtors, Creditors, Depositors, Loans and Advances are subject to confirmation.

6. In the opinion of the Board, the Current Assets, Loans & Advances are approximately of the value stated if realized in the ordinary course of business. The provision for depreciation and all known liabilities are adequate and not in excess of the amounts reasonably necessary.

7. Investments of the Company have been considered by management to be of a long term nature and hence they are long term investments and are valued at cost of acquisitions.

SEGMENT REPORT

8. Segment Accounting Policies are in line with the accounting policies of the Company. DEFFERED TAX ON INCOME

9. The differed tax has not been recognized in financial statement, as there is no reasonable certainty of future taxable income.

10. Previous years figures have been regrouped, rearranged wherever necessary to make them comparable with those of current year.