Beryl Securities Limited (The Company) is a Publice Limited Company Domiciled in India and its Shares are listed on Stock Exchange. The Company is principally Engaged in providing Loans & Advances and is registered as an NBFC under section 45 IA of RBI Act, 1934.

2. BASIS OF PREPATION

The financial statements of the company have been prepared in accordance with generally accepted accounting principle in India (India GAAP). The company has prepared these financial statement to comply with all material respect with the accounting standard notified under section 133 of the companies act 2013,Read with rule 7 of Companies (Accounts) Rules,2014. The Financial Statement has been prepared under the Historical cost convention on the Accrual Basis Except in case of the Asset which has been recorded on fair value and Assets for Which Provision for Impairment is Made. The accounting policy have been consistently applied by the company and are consistent with those used in the Previous Year.

3. Previous year figures have been regrouped, rearranged, reclassified and recasted wherever considered necessary to confirm with current year figure.

4. Investment are classified as non current investment and same are carried at carrying Cost Company has made the investment amounting to Rs.6.61 lakhs (P.Y. Rs.6.61 lakhs) (aggregating 13.99% of their equity shares) in Beryl Drugs Ltd., a Company under the same management.

5. Loans and advances other than doubtful have been considered as good and fully recoverable. However in terms of Reserve Bank of India Guidelines applicable to Non-Banking Finance Companies, a provision for standard assets Rs. 10827.48 and for Sub-standard & doubtful finance aggregating to Rs. 113037.50 has been made by charging them to Profit & Loss Account. Moreover, the receipts, if any, from such old NPA borrowers have been appropriated in order of (a) Principle (b) Interest.

6. The Current Assets, Loan & Advances have a value of realization in the ordinary course of business at least equal to the amount at which they are stated in the books of accounts.

7. The Company has been classified as loan and investment Company by the Reserve Bank of India pursuant to registration as a Non-Banking Finance Company and as per information of the management said registration as Non Banking Finance Company with RBI is also continued for the year.

8. Balances under sundry debtors, sundry creditors and loans and advances are subject to confirmation.

9. Particulars of employees who are in receipt of remuneration aggregating to more than Rs.60,00,000.00 per annum or Rs.5,00,000.00 p.m. are not given since there is no such employees.

10. The Company has filed its return of Income Tax up to F.Y 2014-2015 but assessment up to 2013-14 has been completed.

11. There is no impairment of assets, accordingly no adjustment in respect of loss or impairment of assets is required to be made in the accounts.

12. The Company has paid advance against purchase of one residential flat at JAYPEE GREENS, Noida for Rs.3319966.97/- and one flat at Gurgaon at (Delhi) for Rs. 1779776/-. But the possession and registry of said Flat was pending till 31st march 2015. Thus the amount has been shown as Capital advance. Further Provisional Allotment letter of said flat is subject to verification.

13. Company has created special reserve by Rs. 899228.04/- (P.Y. Rs. 601938.79/-) as stipulated by RBI.

14. Term loan of HDFC Bank is without filing of Charges Document with ROC, M.P., hence classified as unsecured loan.

15. Since the Company's entire business is conducted within India. Hence there is no reportable geographical segment. Moreover the Company's is mainly engaged in the business of "Finance & Investment". All the activity of the Company revolves around the main business and there are no separate reportable segments.

16. Disclosure in respect of related parties as defined in accounting standard (AS-18) issued by the ICAI with whom transaction have taken place in during the year are give below:-

A. List of Related Parties:

Key Management Personnel

* Mr. Sudhir Sethi,Managing Director

* Mr. Kamlesh Gupta, C.S

* Mr. Neeraj Khanwelkar, CFO Entities Having Significant Influence

* Beryl Drugs Ltd.

* Kanchan Developer

17. The company has given advances of Rs. 3600460.00/- to Yogendra Jain but same Advance is subject to Confirmation & Verification of relevant agreement.

18. Contingent Liabilities and Capital Commitments

a) Estimated amount of Rs. 1172098.03 contract remaining to be executed on capital advance not provided.

b) As per 1 stAppeal order of CIT (A), Company have written back the provision of income tax for assessment year (2008-09) in the previous year financial statement of the company. But income tax department has filed the 2nd Appeal before ITAT Indore against 1st Appeal Order. Cash outflow for the said tax effect is determinable after in respect of judgment pending before ITAT Indore.

c) Company has given capital advance of Rs. 3319966.97 for purchase of plot however as per agreement amount payable is Rs. 4492064.00 hence remaining amount of Rs. 1172098.03 as capital commitment require to be executed.

19. Company has classified various loans & Advances & Liabilities as Current asset & Current Liabilities even no realization has been affected from loan & Advance and not repaid to the current liability by the company upto audit period.

20. Provision for current income tax has been made as per provision of the income tax act but liability has been shown net of MAT credit availed amount of entitlement.

21. Company has created MAT credit entitlement assets in accordance with the recommendation contained in the guidance notes issued by ICAI. In pursuance of this Company has recorded the MAT credit entitlement of earlier years as prior period item and net off availed amount i.e. remaining MAT credit is shown under loans and advances in the current year.

22. The Company did not have any long term contract including derivatives contract for which there were any material foreseeable losses.