1) Notes on Accounts:

a) Contingent liabilities provided for : Nil

b) Auditors Remuneration: 31.03.2016 31.03.2015 Statutory Audit fees Rs.19, 000/- Rs. 19,000/

c) Managerial Remuneration: 31.03.2016 31.03.2015

Ramesh Chandra Partani Rs. 1,20,000/- Rs.1,20,000/-

d) Balances of parties are taken as they appear in the book of accounts produced and are subject to confirmation.

e) In the opinion of the board and to the best of their knowledge and belief, the value of current assets, loans and advances, in the ordinary course of business would not be less than the amount at which they are stated in the balance sheet.

f) Accounting of Intangible assets: Intangible asset was not written off in period of five years.

g) The Company has not provided Interest from Loans & Advances of Rs.13.61 crores outstanding in the books of accounts as on 31.03.2016.

h) Company has been providing Depreciation at the rates prescribed in the Income Tax Act 1961 instead of providing depreciation as per schedule II of Companies Act 2013. If the company followed the method of depreciation as per Companies act 2013 the difference is not more than a lakh of rupees.

i) The Accounting policies for segment reporting are in conformity with accounting policies adopted for the company. The Company is operates in only one segment i.e. in India hence separate information on geographical segment is not required.

j) Related Party Disclosures:

As required by Accounting Standards as per AS-18, the related party's disclosure issued by the Institute Of Chartered Accountants Of India is as follows:

a) List of related parties and relationships:

i) Enterprises Controlled by the Key Management Personnel:

1) Ramesh Chandra Partani

2) Pemlata Partani

ii) Relatives of Key Managerial Personnel:

1. Vikas Partani.

2. Pushkar Partani.

3. Poojapartani.

4. Laxmi Partani.

5. Ram Chander Partani.

6. Nitin Partani.

7. Kavita Partani.

iii) Key Managerial Entities:

1. Partani Appliances Limited

2. Unnati Industrial Co-Operative Society

3. RU Education Private Limited

k) Closing stock is taken as certified by the management. l) Expenditure in Foreign Currency: NIL m) Earnings in foreign currency: NIL

n) Previous year's figures have been regrouped/ reclassified where ever necessary to correspond with the current year's classification/ disclosure.