1 Provisions. Contingent Liabilities And Contingent Assets

(Provisions are recognised only when there is a present obligation as a result of past events and when a reliable estimate of the amount of obligation can be made.

(ii) Contingent liability is disclosed for

(1) Possible obligations which will be confirmed only by future events not wholly within the control of the Company or

(2) Present obligations arising from past events where it is not probable that an outflow of resources will be required to settle the obligation or a reliable estimate of the amount of the obligation cannot be made.

(iii) Contingent Assets are not recognised in the financial statements since this may result in the recognition of income that may never be realised.

2 Segment Reporting

(i) Business Segments have been identified on the basis of nature of products/services. The Company's operations relate to trading of goods, trading in shares, selling of film rights and consultancy.

(ii) Revenue and expenses have been identified to a segment on the basis of relationship to operating activities of the segment. Revenue and expenses which relates to enterprise as a whole and are not allocable to a segment on reasonable basis have been disclosed as "unallowable".

(iii) Segment Assets and Segment Liabilities represents assets and liabilities in respective segments. Investments, tax related assets and other assets and liabilities that cannot be allotted to a segment on reasonable basis, have been disclosed as "unallowable"

3 Impairment of Assets

The Company assesses at each Balance Sheet date whether there is any indication that an asset may be impaired. If any such indication exists ,the Company estimates the recoverable amount of the assets. If such recoverable amount of the asset or the recoverable amount of the cash generating unit to which the asset belongs is less than its carrying amount, the carrying amount is reduced to its recoverable amount. The reduction is treated as an impairment loss and is recognised in the Profit and Loss Account. If at the Balance Sheet date there is an indication that if a previously assessed impairment loss no longer exists, the recoverable amount is reassessed and the asset is reflected at the recoverable amount.

Other additional information required as per Schedule III of the Companies Act,2013 is either Nil or Not Applicable to the Company during the year.

ii Balance of Debtors & Creditors and loans & Advances are subject to confirmation & Reconciliation.

iii Share application money given is subject to confirmation.

iv Odyssey Group PTE Ltd. ceased to be subsidiary company on 31st March, 2015.

vi Related Party Disclosures: -

In accordance with 'Accounting Standard -18' relating to Related Party Disclosures, information pertinent to related party transaction is given as under:-

© Enterprise owned or significantly influenced by key management personnel or their relatives:-

1. Alacrity Securities Limited

2. Pooja Equi-Research Private Limited

3. Earth Stone Resources Zambia Limited

Figure in bracket relates to previous year.

vii The above information regarding Micro, Small And Medium Enterprises has been determined to the extent such parties have been indentified on the basis of the information available with the company.

This has been relied upon by the Auditor.

viii Segment Reporting

During the year the company operated in signal business segment of trading business in India. Hence there are no separate reportable business or geographical segments as per Accounting Standard (AS-17) on Segmental Reporting.

ix Previous Years figures have been regrouped/reclassified wherever necessary to confirm to the current years classification.