Notes to Accounts of Winmore Leasing & Holdings Ltd.

Mar 31, 2014

1. Corporate Information

Win more Leasing and Holdings Limited Is a public limited company Incorporated under the Companies Act, 1956 having Its registered office at New Delhi. Its shares are listed on the Delhi Stock Exchange. The Company is engaged In the business of Leasing, Investments and Trading.

2. Share Capital

2.1 Rights, Preferences and Restrictions attached:

Equity Shares

The Company has issued only one class of equity shares having a par value of Rs 10 per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividends In Indian Rupees. The dividend proposed by the Board of Directors Is subject to approval of the shareholders In the ensuing Annual General Meeting.

in the event of liquidation of the Company, the holders of equity shares be entitled to receive remaining assets of the Company, after to all preferential payments / distribution. The distribution will be proportion to the number of the equity shares by the shareholders.

During the year ended 31st March 2014, the amount of dividend proposed by the Board of Directors for distribution to shareholders is Re 0.20 (Previous Year Re 0.20) per share.

Redeemable Preference Shares

The Preference Shares would be redeemable at any time within 20 years from 14th March, 2014 at the option of the Company by giving a 48 hours prior written notice to the shareholders) at the applicable redemption price as appearing hereunder.

3. Gratuity and other post employment benefit plans

No provision for gratuity has been made since the Company had no employee as at the end of the year who had completed the mandatory qualifying period of five years of continuous service for gratuity entitlement.

4. Segment Information:

The Company has disclosed Business Segments as the primary segment. Segments have been identified taking Into account the nature of the products, the differing risks and returns, the organisation structure and internal reporting system.

Management has identified three reportable segments namely Trading, Leasing and Investing.

Secondary Segment Information - Geographical Segments

Entire Business Activities being In India, hence there are no reportable Geographical Segments.

5. Related Party Disclosures (AS-18)

A- Related Parties and nature of relationship:

1) Person Having Control

Shri. Ban wan Lai Jatla (Promoter)

2) Relatives of Person Having Control

Smt. Usha Devi Jatia (Wife of Shrl. Banwah Lai Jatla)

Mr. Ayush Jatla (Grandson of Shrl. Banwari Lal Jatla)

3) Subsidiary Company

West Pioneer Properties (India) Private Limited (w.e.f. 19.03.2014)

which are significantly Influenced by the Company (either individually or with others) with whom transactions have taken place during the year:

Westpoint Leisure parks Pvt. Ltd. (since dissolved)

Hard castle Petrofer Private Limited

Hard castle Waud Mfg Co. Limited

Concept Highland Business Pvt. Ltd

West life Development Ltd

6. Contingent Liabilities

There are no contingent liabilities as on the Balance Sheet date.

7. Details of dues to Micro, Small and Medium Enterprises

The Company has not received any Information from the concerned entities regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure, required under the said Act has not been made.

8. In the opinion of the Board of Directors, the Current Assets and Non-current Assets have values on realization in the normal course of business atleast equal to the values at which they are stated In the Balance Sheet.

9. Debtors, Creditors, Advances and other debit balances are subject to confirmation.

10. There are no shares In Unclaimed Suspense Account.

11. Promotor Group

Achal Exim Private Limited, Akshay Ayush Impex Private Limited, Acacia Impex Private Limited, Anand Veena Twisters Private Limited, Concept Highland Business Private Limited, Hard castle & Waud Mfg Co. Limited, Hard castle Petrofer Private Limited, Hawcoplast Investments a Trading Limited, Horizon Impex Private Limited, Houghton Hard castle (India) Limited, Hawco Lubricants Private Limited, Saubhagya Impex Private Limited, Shri Ambika Trading Co. Private limited, Subh Ashish Exim Private Limited. Vandeep Trade links Private Limited, Vlshwas Investment Trading Co. Private Limited, West Leisure Resorts Limited, West Pioneer Properties (India) Private Ltd, Amit BL Properties Private Ltd, Ridhika Properties Private Ltd, West life Development Ltd, Mad castle Restaurants Pvt. Ltd, Makino Holdings Ltd, J & K Speciality Chemicals LLP, Hawco Petrofer LLP, Smt Lalita Devi Jatla, Smt Usha Devi Jatia, Shri Amit Jatla, Smt Smita Jada, Shri Akshay Jada, Shri Ayush Jada, Shri Anurag Jada, Smt Shalinl Jada, Miss Ridhika Jada, Banwarilal Jada - HUF, Amit Jada - HUF and Anurag Jada - HUF.

12. Previous year figures

a) Figures of the previous year have been re-grouped and re-classified wherever necessary to correspond with the figure of the current period.

b) Figures have been rounded off to nearest rupee.