2. In the opinion of the management there is no such event occurred after the date of Balance sheet, which needs to be adjusted in these accounts.

3. In the opinion of the Board, the value on realization of loans, advances and current assets in the ordinary course of business will not be less than the amount at which they are stated in the Balance sheet.

4. There were no employee at any time during the year drawing Rs.500000/- or more per month.

5. No. of employees in the company is not more than 10. Hence Gratuity Act and ESIC Act is not applicable.

Since the no. of employees is less than 20, Provident fund Act is also not applicable.

6. Segment Reporting

a) Business Segment: - The Company has considered business segment as the primary segment to disclose. The company is engaged in the rendering Cargo handling Services, which the context of AS-17 is issued by the Institute of Chartered Accountants of India, is considered the only business segments.

b) Geographical Segment: - The Company provides Services within India. The condition prevailing in India being uniform No Separate geographical segment disclosure is considered necessary.

7. Deferred Tax:-

In accordance with the Accounting Standard -22 "Accounting for taxes on Income" issued by the Institute of Chartered Accountants of India, the company has accounted for deferred tax during the period. The cumulative net deferred tax assets of Rs. 22611.00 as on 31st March 2014 have been recognized. Consequently the excess Deferred Tax assets of Rs 1087.00 has been recognized & debited to Profit & Loss account.

8. Related Party disclosure: -

Disclosures as required by accounting standard 18 (AS-18) related party ' disclosures issued by the institute of chartered accountants of India are as follows and description of relationship.

a. Name of related parties

I.  Subsidiaries    -    NIL

1. Shri Ravi Kamra, Director

2. Shri Ravindra Pokharna, Director

3. Shri Rishi Dave, Director .

4. Shri Satyawati Parashar, Director

5. Shri Laxmi Narayan Kachavat, Director

6. Shri Mansoor Ahmed, Director

iii. Relative of key management personnel where transaction have been taken place during the year.

1. New Era Alkaloids & Export Limited '

Transaction with related parties referred to above in ordinary course of business.

(Rs. in Lakhs)

9. In respect of Micro / Small / Medium Enterprises Development Act, 2006, certain disclosure is required to make relating to Micro / Small / Medium Enterprises. The company could not get relevant information from its supplier about their coverage under the Act since the relevant information is not readily available, no disclosure have been made in the account. Hence disclosure, if any, relating to amounts unpaid as at the yearend together With interest paid/ payable as required under the said act have not been made

10. No interest has been recognized for the Earnest Money deposited with SBI.