Notes to Accounts of Vikalp Securities Ltd.

Mar 31, 2013

1.Right,Preferences and Restrictions attached to Equity Share:-

The company has one class of equity shares having a par value of R s. 10 per share each Shareholder is eligible for one vote per held 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 propartion of their shareholding

2. Company purchased membership of U P Stock Exchange Association Limited in the year 1995-96 for Rs.10,00,000 (face value Rs 2000.0O & Security deposit Rs. 10000 00) The Company has surrendred the same during the year to UPSE and received back security deposit of Rs. 10000/- only as per UPSE letter no UPSE/2012-13/Margin/2371 Dated 11-12-12 Further the Company had during the year paid Rs 1563758/- against SEBI Turnover fees & interest thereon of previous years as finilised by SEBI on surrender of the membershipof the U.PStoek Exchange Assn Ltd

3. There is no permanent dimunition in the value of Investments as on 31 st March, 2013 as per the guidelines of AS-13 Issued by the ICAI Thus the company has valued investments at cost as The company is doing business of shares & securities The profit /loss will be accounted for on sale of these securities as it is the main business of the company The company has not accounted for diminution in the value of the investment of unquoted equity shares if any as it could not be ascertained in want of the final accounts of the companies in which investments were being made, therefore market value of unquoted equity share is taken as nil.

4. Company invested Rs. 1,45,100.00 in Holiday Resorts of sterling Securities Ltd. on time sharing basis and valued at cost (Market value not known).

5. Debtors,Creditors,Loans&Advances accounts are subject to confimnation

6. (a) U.P.S.E. Delivery account amounting Rs. 109131.13 is irrovercoverable and transferred to bad debts accounts as the company surrendered UPSE Membership card and on surrender the U.P Stock Exchange has not taken cognigance of same.

(b) The company has written off the long term loan account of Late Vibhash Agarwal amounting to Rs 500000/- by making provision for bad debts as this is not recoverable

7. Based on information available with the company as at March 31, 2013 there are no dues to Micro, Small & Medium Enterprises Development Act, 2006 as at March 31,2013.

Based on the information available with the company as at 31 st March, 2013, there was neither any interest payable nor paid to any supplier under the aforesaid Act 4 similarty there is no such amount remaining unpaid as at March 31.2013

8. Impairment of Assets:-

The indicators listed in paragraph 8 to 10 of accounting standard (AS-28) " Impairment of Assets" isued by the Institute of Chartered Accountants of India have been exaimened and on such examination, it has been found that none of the indicators are present in the case of the company

9. Related Party Disclosures -

A. Related Party 4 their relationship as per accounting standard 18 of the Institute of Chartered Accountants of India

1. Directors Arun Kejriwal Shared Tandon Ashish Dixit T.NAgarwal Vinod Kumar Sharma

2 Enterprises in which key management personnel & their relatives are interested-

a) Vrindavan Construction Mr Arur Kejriwal Managing Director Pvt Ltd. of the company is a director in this company

b) Transaction during the period with related parties are as under. -

c. The maximum balance in the account of Mr Arun Kejriwal Managing Director Is Rs 13399558/- during the year Note:- Related party relationship is as identified by the company and relied upon by the auditors

10. Employee Benefit

(i) Since the Company have only One , is not eligible for gratutity 8 other benefits, except Managing Director during the year provision of Gratuity, Leave encashment 8 other benefits are not required as per the recommendations of Accounting Standard (AS-15) prescribed by the Institute of Chartered Accountants of India. No provision of gratuity is being made on the salary of managing director.

(ii) The company is not covered under Providend Fund Act and Employes Estate Insurance Act

11. The other applicable accounting standard as per the provision of Companies Act, has been followed by the company

12. The figures of previous year has been regrouped and / or rearranged wherever necessary

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Mar 31, 2010

1. CONTINGENT LIABILITIES 2009-2010 2008-2009 NIL NIL

1.1 Company purchased membership of U.P Stock Exchange Association Limited in the year 1995-96 for Rs. 10,00,000/-(face value Rs. 2000/-& Security deposit Rs. 10000/-)

There is no permanent dimunition in the value of Investments as on 31st March, 2010 (Previous Year dimunition is Rs. NIL) as per the guidelines of AS-13 issued by the ICAI Thus the company has valued investments at cost as The company is doing business of shares & securities & is a broker of Stock Exchange. The profit /loss will be accounted for on sale of these securities as it is the main business of the company. The company has not accounted for diminution of the investment of unquoted equity shares if any as it could not be ascertained in want of the final accounts of the companies in which investments are made, therefore market value of unquoted equity share is taken as nil..

1.2 During the year company has not done any business of Share & Investment of any kind except sale of Shares of Rs. 16,00,000/-outofopeningstockintrade.

1.3 Company deposit & Withdraw shares & Securities as Margin money with U.P.S.E Ltd. time to time as per norms of Stock Exchange.

1.4 Company invested Rs. 1,45,100/-in Holiday Resorts of sterling Securities Ltd. and valued at cost (Market value not known).

1.5 Debtors,Creditors,Loans & Advances accounts are subject to confirmation. Debts due to Mr. Arun Kejriwal, Managing Director Rs. 665000/- & maximum balance during the year Rs. 1600000/-

1.6 In our opinion the debtors outstanding for more than six months amounting to Rs. 16.96 Laks (Previous Year) 38.77 Lacs) seems to be irrecoverable but has not been provided for as the management informed that they are recoverable. The . management has written off one account of Rs. 11.62 laks as bad debts during the year. The loan given to six parties amounting Rs. 33.15 laks were outstanding since long & seems irrecoverable but management informed, that these loans are recoverable and has taken steps to realise the same.

1.7 Based on information available with the company as at MArch 31, 2010 there are no dues to Micro, Small & Medium Enterprises Development Act, 2006 as at March 31, 2010. Based on the information available with the company as at 31 st March, 2010, there was neither any interest payable nor paid to any supplier under the aforesaid Act & similarly there is no such amount remaining unpaid as at March 31,2010.

Closing stock of equity shares of A B B Limited is 70 shares of Rs. 21- each insted of 14 equity shares of Rs. 10/- each due to corporate action of the company.

The company has received 250 equity shares of centum electronics & 250 equity shares of solectron EMS India in demate account of the company the details of receipt of those shares are not available as these are neither purchase nor any other transaction.

2. Impairment of Assets:-

The indicators listed in paragraph 8 to 10 of accounting standard (AS-28)" Impairment of Assets" issued by the Institute of Chartered Accountants of India have been examined and on such examination, it has been found that none of the indicators are present in the case of the company.

3. Related Party Disclosures:- A.Related Party & the irrelationship as per accounting standard 18 of the lnstitute of Chartered Accountants of lndia.

1. Directors

Arun Kejriwal

SharadTandon

Lalta Prasad Dixit

T.N.Agarwal

Shiv Kumar Trivedi

4. Enterprises in which key management personal & their relatives are interested:-

a) Vrindavan Construction Pvt Ltd. Mr. Arun Kejriwal Managing Director of the company is a director in this company.

5. Employee Benefit: Since the Company do not have any employee except Managing Director during the year provision of Gratuity, Leave encashment & other benefits are not required as per the recommendations of Accounting Standard (AS-15) prescribed by the lnstitute of Chartred Accountants of lndia.

6. The other applicable accounting standard as per the provision of Companies Act, has been followed by the company.

7. Previous year figures have been regrouped/rearranged wherever necessary, to make them comparable.