a) Corporate Guarantee issued to the banker of Mefcom Securities Ltd. (subsidiary company) for securing guarantee issued by their banker ' 1,00,00,000/- (Previous Year Rs. 1,00,00,000/-).

b) Capital Commitments: Estimated amount of contracts to be executed on capital account but not provided for - Rs.2,70,00,000/-(Previous Year-Rs.2,70,00,000/-)

2. PROVISION FOR TAXATION

a) . Provision for Income-tax has been made in accordance with the provisions of the Income-tax Act, 1961.

b) . The Company has carry forward losses under tax laws. In absence of virtual certainty of sufficient future taxable income, net deferred tax asset has not been recognized in accordance with the Accounting Standard - 22 on "Accounting for Taxes on Income'.

3. The Company has identified that there is no material impairment of assets and as such no provision is required in terms of Accounting Standard-28 on "Impairment of Assets".

4. No amount was due to the suppliers registered under The Micro, Small and Medium Enterprises Development Act, 2006 as on 31st March, 2015.

5. SEGMENT REPORTING

The company has considered business segment as the primary segment. Segments have been identified taking into account the nature of the activities, the differing risks and returns, the organisation structure and internal reporting system. There are no reportable geographical segments.

Segment Revenue, Segment Results, Segment Assets and Segment Liabilities include the respective amount identifiable to each segment and also amount allocated on a reasonable basis. Assets, Liabilities, Incomes and Expenses that can not be allocated between the segments are shown as part of Unallocable Assets, Liabilities, Incomes and Expenses respectively.

6. RELATED PARTY DISCLOSURE

Related Party Disclosure in accordance with the Accounting Standards (AS-18) on "Related Party Disclosures" are as under:

i) Related Parties : List of related parties where control exists and related parties with whom transactions have been taken place and relationships:

Kev Management Personnel: Subsidiary:

Mr. Vijay Mehta - Chairman Mefcom Securities Ltd.

                                     Enterprise over which
                                     key management personnel can
                                     exercise significant influence:

                                     IKMA Infoway Private Ltd.

7. EMPLOYEES BENEFITS

a) Denned Contribution Plan

There was no employee in the company who was eligible for contribution to Providend Fund or any other Fund.

b) Defined Benefit Plan

Gratuity is being provided on cash basis. During the year no gratuity was paid.

c) The company does not have practice of carry forward and encashment of unavailed leaves. Therefore, no disclosures are required in this regard.

8. Pursuant to the enactment of Companies Act 2013, the company has applied the estimated useful lives as specified in Schedule II, except in respect of certain assets as disclosed in Accounting policy on Depreciation and Amortization. Accordingly the unamortized carrying value is being depreciated/ amortized over the revised/ remaining useful lives. The written down value of Fixed Assets whose lives have expired as at 1 st April 2014 have been adjusted on the opening value of General Reserve Account amounting to Rs.3,04,800.67.

Due to change in useful life of the assets as per Schedule II to the Companies Act, 2013, there is a higher charge of depreciation of Rs.1,13,104.35 and a corresponding impact on the written down value of the assets.

9. In the opinion of the management, Current/Non Current Assets, Loans and Advances shall have a value on realisation in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet and provision for all known liabilities have been made and contingent liabilities disclosed properly.

10. Previous years' figures have been regrouped / rearranged wherever considered necessary to conform to current years' classification.