Notes to Accounts of United Leasing & Industries Ltd.

Mar 31, 2025

i. Provisions and contingent liabilities

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of
resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. When
the Company expects some or all of a provision to be reimbursed, for example, under an insurance contract, the reimbursement is recognised as a separate
asset, but only when the reimbursement is virtually certain. The expense relating to a provision is presented in the statement of profit and loss net of any
reimbursement.

If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, when appropriate, the risks specific
to the liability. When discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost.

A provision for onerous contracts is recognised when the expected benefits to be derived by the Company from a contract are lower than the unavoidable
cost of meeting its obligations under the contract. The provision is measured at the present value of the lower of the expected cost of terminating the
contract and the expected net cost of continuing with the contract. Before a provision is established, the Company recognises any impairment loss on the
assets associated with that contract.

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence of one or
more uncertain future events beyond the control of the Company or a present obligation that is not recognized because it is not probable that an outflow of
resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is a liability that cannot be
recognized because it cannot be measured reliably. The Company does not recognize a contingent liability but discloses its existence in the financial
statements.

Provisions and contingent liability are reviewed at each balance sheet.

j. Retirement and other employee benefits

Retirement benefit in the form of provident fund, pension fund and superannuation fund are defined contribution scheme. The Company has no obligation,
other than the contribution payable. The Company recognizes contribution payable to provident fund, pension fund and superannuation fund as
expenditure, when an employee renders the related service. If the contribution payable to the scheme for service received before the balance sheet
reporting date exceeds the contribution already paid, the deficit payable to the scheme is recognized as a liability after deducting the contribution already
paid. If the contribution already paid exceeds the contribution due for services received before the balance sheet date, then excess is recognized as an asset
to the extent that the pre-payment will lead to, for example, a reduction in future payment or a cash refund.

Accumulated leave, which is expected to be utilized within the next twelve months, is treated as short-term employee benefit. The Company measures the
expected cost of such absences as the additional amount that it expects to pay as a result of the unused entitlement that has accumulated at the reporting
date.

The Company treats accumulated leave expected to be carried forward beyond twelve months, as long-term employee benefit for measurement purposes.
Such long-term compensated absences are provided for based on the actuarial valuation using the projected unit credit method at the year-end.

The Company presents the leave as a current liability in the balance sheet, to the extent it does not have an unconditional right to defer its settlement for
twelve months after the reporting date.

k. Financial Instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contract embodying the related financial instruments. All
financial assets, financial liabilities and financial guarantee contracts are initially measured at transaction cost and where such values are different from the
fair value, at fair value. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities (other than
financial assets and financial liabilities at fair value through profit and loss) are added to or deducted from the fair value measured on initial recognition of
financial asset or financial liability. Transaction costs directly attributable to the acquisition of financial assets and financial liabilities at fair value through
profit and loss are immediately recognised in the statement of profit and loss.

Effective interest method

The effective interest method is a method of calculating the amortised cost of a financial instrument and of allocating interest income or expense over the
relevant period. The effective interest rate is the rate that exactly discounts future cash receipts or payments through the expected life of the financial
instrument, or where appropriate, a shorter period.

(a) Financial assets

Financial assets at amortised cost

Financial assets are subsequently measured at amortised cost if these financial assets are held within a business model whose objective is to hold these
assets in order to collect contractual cash flows and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely
payments of principal and interest on the principal amount outstanding.

Financial assets measured at fair value

Financial assets are measured at fair value through other comprehensive income if these financial assets are held within a business model whose objective
is to hold these assets in order to collect contractual cash flows or to sell these financial assets and the contractual terms of the financial asset give rise on
specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

Financial asset not measured at amortised cost or at fair value through other comprehensive income is carried at fair value through the statement of profit
and loss.

Impairment of financial assets

Loss allowance for expected credit losses is recognised for financial assets measured at amortised cost and fair value through profit or loss.

For financial assets whose credit risk has not significantly increased since initial recognition, loss allowance equal to twelve months expected credit losses
is recognised. Loss allowance equal to the lifetime expected credit losses is recognised if the credit risk on the financial instruments has significantly
increased since initial recognition.

De-recognition of financial assets

The Company de-recognises a financial asset only when the contractual rights to the cash flows from the financial asset expire, or it transfers the financial
asset and the transfer qualifies for de-recognition under Ind AS 109.

If the Company neither transfers nor retains substantially all the risks and rewards of ownership and continues to control the transferred asset, the
Company recognises its retained interest in the assets and an associated liability for amounts it may have to pay.

If the Company retains substantially all the risks and rewards of ownership of a transferred financial asset, the Company continues to recognise the
financial asset and also recognises a collateralised borrowing for the proceeds received.

On de-recognition of a financial asset in its entirety, the difference between the carrying amount measured at the date of de-recognition and the
consideration received is recognised in statement of profit or loss.

For trade and other receivables maturing within one year from the balance sheet date, the carrying amounts approximate fair value due to the short maturity
of these instruments.

(b) Financial liabilities and equity instruments
Classification as debt or equity

Financial liabilities and equity instruments issued by the Company are classified according to the substance of the contractual arrangements entered into
and the definitions of a financial liability and an equity instrument.

Equity Instruments

An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments
are recorded at the proceeds received, net of direct issue costs.

Financial Liabilities

Financial liabilities are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost, using the effective
interest rate method where the time value of money is significant. Interest bearing bank loans, overdrafts and issued debt are initially measured at fair
value and are subsequently measured at amortised cost using the effective interest rate method. Any difference between the proceeds (net of transaction
costs) and the settlement or redemption of borrowings is recognised over the term of the borrowings in the statement of profit and loss.

For trade and other payables maturing within one year from the balance sheet date, the carrying amounts approximate fair value due to the short maturity
of these instruments.

De-recognition

A financial liability is derecognised when the obligation under the liability is discharged or cancelled or expires. When an existing financial liability is
replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange
or modification is treated as the de-recognition of the original liability and the recognition of a new liability. The difference in the respective carrying
amounts is recognised in the statement of profit and loss.

Off-setting of financial instruments

Financial assets and financial liabilities are offset and the net amount is reported in the balance sheet if there is a currently enforceable legal right to offset
the recognised amounts and there is an intention to settle on a net basis, to realise the assets and settle the liabilities simultaneously.

l. Cash and cash equivalents

Cash and cash equivalent in the balance sheet comprise cash at banks and on hand and short-term deposits with an original maturity of three months or
less, which are subject to an insignificant risk of changes in value.

For the purpose of the statement of cash flows, cash and cash equivalents consist of cash and short-term deposits, as defined above.

m. Foreign currencies

In preparing the financial statements, transactions in the currencies other than the Company’s functional currency are recorded at the rates of exchange
prevailing on the date of transaction. At the end of each reporting period, monetary items denominated in the foreign currencies are re-translated at the
rates prevailing at the end of the reporting period. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at
the rates prevailing on the date when the fair value was determined. Non-monetary items are measured in terms of historical cost in a foreign currency are
not retranslated.

Exchange differences arising on translation of long term foreign currency monetary items recognised in the financial statements before the beginning of
the first Ind AS financial reporting period in respect of which the Company has elected to recognise such exchange differences in equity or as part of cost
of assets as allowed under Ind AS 101-“First time adoption of Indian Accounting Standard” are recognised directly in equity or added/ deducted to/ from
the cost of assets as the case may be. Such exchange differences recognised in equity or as part of cost of assets is recognised in the statement of profit and
loss on a systematic basis. Exchange differences arising on the retranslation or settlement of other monetary items are included in the statement of profit
and loss for the year.

n. Earnings per share

Basic earnings per share is calculated by dividing the net profit or loss for the year attributable to equity shareholders (after deducting attributable taxes)
by the weighted average number of equity shares outstanding during the year. The weighted average number of equity shares outstanding during the year is
adjusted for events including a bonus issue.

For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders and the weighted average
number of shares outstanding during the period are adjusted for the effects of all dilutive potential equity shares. Potential ordinary shares shall be treated
as dilutive when, and only when, their conversion to ordinary shares would decrease earnings per share or increase loss per share from continuing
operations.

o. Corporate social responsibility (‘CSR’) expenditure

The Company charges its CSR expenditure during the year if any, to the statement of profit and loss.

p. Extraordinary Items

An item of income or expense which due to its size, type or incidence requires disclosure in order to improve an understanding of the performance of the
Company is treated as an extraordinary item and the same is disclosed in the financial statements.

* CSR Expenditure

(a) Gross amount required to be spent by the Company during the year ended March 31, 2025 Rs. Nil (March 31, 2024: Rs. Nil)

(b) The Company has incurred on CSR activities during the year ended March 31, 2025 Rs. Nil (March 31, 2024: Rs. Nil).

Although the Company has met the criteria as specified under sub-section (1) of section 135 of the Act read with the Companies (Corporate Social Responsibility
Policy) Rules, 2014, however, in the absence of average net profits in the immediately three preceding years, there is no requirement for the Company to spend any
amount under sub-section (5) of section 135 of the Act.

26 Earnings per share (''EPS'')

Basic EPS amounts are calculated by dividing the profit/loss for the year attributable to equity shareholders by the weighted average number of equity shares outstanding
during the year. Partly paid equity shares are treated as a fraction of an equity share to the extent that they were entitled to participate in dividends relative to a fully paid
equity share during the reporting period. The weighted average number of equity shares outstanding during the period is adjusted for events such as bonus issue, bonus
element in a rights issue, share split, and reverse share split (consolidation of shares) that have changed the number of equity shares outstanding, without a corresponding
change in resources.

Diluted EPS amounts are calculated by dividing the profit attributable to equity shareholders (after adjusting for interest on the convertible securities) by the weighted
average number of equity shares outstanding during the year plus the weighted average number of equity shares that would be issued on conversion of all the dilutive
potential equity shares into equity shares.

(b) Fair value hierarchy

The following table provides an analysis of financial instruments that are measured subsequent to initial recognition at fair value, grouped into Level 1 to Level 3, as described below:

Quoted prices in an active market (Level 1)

This level of hierarchy includes financial assets that are measured by reference to quoted prices (unadjusted) in active markets for identical assets or liabilities. This category consists of investment in
quoted equity shares, and mutual fund investments.

Valuation techniques with observable inputs (Level 2)

This level of hierarchy includes financial assets and liabilities, measured using inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e.,
as prices) or indirectly (i.e., derived from prices).

Valuation techniques with significant unobservable inputs (Level 3)

(c ) Financial risk management objectives and policies

In the course of its business, the Company is exposed primarily to fluctuations in foreign currency exchange rates, interest rates, equity prices, liquidity, and credit risk, which may adversely impact
the fair value of its financial instruments. The Company has a risk management policy that not only covers foreign exchange risks but also other risks associated with financial assets and liabilities,
such as interest rate risks and credit risks. The risk management policy is approved by the Board of Directors. The risk management framework aims to:

- Create a stable business planning environment by reducing the impact of currency and interest rate fluctuations on the Company’s business plan.

Achieve greater predictability to earnings by determining the financial value of the expected earnings in advance.

(i) Market risk

Market risk is the risk of any loss in future earnings, in realisable fair values or in future cash flows that may result from a change in the price of a financial instrument. The value of a financial
instrument may change as a result of changes in interest rates, foreign currency exchange rates, equity price fluctuations, liquidity and other market changes. Future specific market movements cannot
be normally predicted with reasonable accuracy.

(a) Market risk- Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company’s exposure to the risk of changes in
market interest rates relates primarily to the Company’s long-term debt obligations with floating interest rates. The Company manages its interest rate risk by having a balanced portfolio of fixed and
variable rate loans and borrowings.

(ii) Interest rate sensitivity

The Company does not have any borrowings linked to variable interest rates. Accordingly, fluctuations in market interest rates have no impact on the Company’s finance costs, as there is no variable
component in its borrowings.

(b) Market Risk - Foreign Currency Risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates. The Company’s exposure to the risk of changes in
foreign exchange rates relates primarily to the Company’s investing and financing activities. The Company’s exposure to foreign currency changes from operating activities is not material.

The Company does not have any foreign currency exposure as there is no foreign currency risk to the company.

(iii) Credit risk

Credit risk is the risk of financial loss arising from counterpart’s failure to repay or service debt according to the contractual terms or obligations. Credit risk encompasses both the direct risk of default
and the risk of deterioration of credit worthiness as well as concentration risks. The Company has a policy of dealing only with credit worthy counter-parties and obtaining sufficient collateral, where
appropriate as a means of mitigating the risk of financial loss from defaults.

Financial instruments that are subject to credit risk and concentration thereof principally consist of trade receivables/ unbilled revenue, loans receivables, investments in debt securities of group
companies, balances with bank, bank deposits, derivatives and financial guarantees provided by the Company. None of the financial instruments of the Company result in material concentration of
credit risk except investment in preference shares/debentures made by the Company in its group companies and loans provided to its group companies. The credit risk in respect of such investments in
preference shares/ debentures and loans are assessed on the basis of the fair value of the respective group companies determined based on their business plans.

The carrying value of financial assets represents the maximum credit risk. The maximum exposure to credit risk was Rs. 345.74 lakhs as at March 31, 2025 (March 31, 2024: Rs. 428.98 lakhs ), being
the total carrying value of investments, loans, trade receivables, balances with bank, bank deposits and other financial assets.

Customer credit risk is managed by each business unit subject to the Company’s established policy, procedures and control relating to customer credit risk management. An impairment analysis is
performed at each reporting date on an individual basis for major customers. The Company does not hold collateral as security.

(iii) Liquidity risk

Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The objective of liquidity risk management is to maintain sufficient liquidity and ensure that funds are available
for use as per requirements. The Company has obtained fund and non-fund based working capital lines from various banks. Furthermore, the Company has access to funds from debt markets through
commercial paper programs, non-convertible debentures and other debt instruments. The Company invests its surplus funds in bank fixed deposit and in mutual funds, which carry no or low market
risk.

The Company monitors its risk of shortage of funds on a regular basis. The Company’s objective is to maintain a balance between continuity of funding and flexibility through the use of bank
overdrafts, bank loans, debentures, preference shares, sale of assets and strategic partnership with investors, etc.

The following table shows a maturity analysis of the anticipated cash flows (excluding interest obligations) for the Company’s financial liabilities on an undiscounted basis, which therefore differ
from both carrying value and fair value.

35 Segment Reporting

Operating segments are reported in such a manner which is consistent with the internal reporting provided to the Chief Operating Decision Maker (‘CODM’). As per the evaluation carried out by
CODM, the Company has only one reportable business segment, viz., "Textile Embroidery" and its new venture of Sports Academy. Accordingly, the amounts appearing in the financial statements
relate to the single business segment.

36 The Comparative financial statement of the Company for the year ended March 31, 2024 prepared in accordance with IND AS, included in this Statement has been reviewed/ audited, as applicable, by
M/s Ravi Ranjan & Co. LLP (''the predecessor auditor''). The report of predecessor auditor on these comparative financial statement. expressed qualified opinion, as applicable.

37 Capital Management

The Company’s capital management is intended to create value for shareholders by facilitating the meeting of long term and short term goals of the Company.

The Company determines the amount of capital required on the basis of annual business plan coupled with long term and short term strategic investment and expansion plans. The funding needs are
met through equity, cash generated from operations and sale of certain assets, long term and short term bank borrowings and issue of non-convertible debt securities and strategic partnership with
investors.

For the purpose of the Company’s capital management, capital includes issued equity capital, convertible preference shares and debentures, share premium and all other equity reserves attributable to
the equity holders of the Company.

The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants. To maintain or adjust the capital
structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares. The Company monitors capital using a gearing ratio, which is total debt
divided by total capital plus total debt. The Company’s policy is to keep the gearing ratio at an optimum level to ensure that the debt related covenant are complied with .

41 Additional disclsosure pursuant to schedule III of Companies Act 2013

(i) The Company does not have any Benami property, where any proceeding has been initiated or pending against the company for holding any Benami property.

(ii) The Company does not have any transactions/ balances with companies struck off under section 248 of Companies Act, 2013 to the best of knowledge of the management.

(iii) The Company has not traded or invested funds in Crypto currency of Virtual currency.

(iv) The Company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or
entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner by or on behalf of the Group (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

(v) The Company has not received any fund from any person(s) or entity(ies), including foreign entities(Funding Party) with the understating (whether recorded in writing or
otherwise) that the Group shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries

(vi) The Company has not been declared willful defaulter by any bank or financial institution or other lender.

(vii) The quarterly return/ statement of current assets filed by the Company with bank and financial institutions in relation to secured borrowings wherever applicable are in
agreement with books of accounts. During the year ended March 31, 2025 there is no requirement to file the quarterly statement with the bank.

(viii) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

(ix) The Company has not granted any loans or advances in nature of loan, either repayable on demand or without specifying any terms or period of repayment, to promoters,
directors, KMPs and the related parties.

(x) The requirement of Section 2(87) of the Companies Act, 2013 read with the Companies (Restriction on number of Layers) Rules, 2017 is not applicable on the Company.

(xi) The Company does not have any such transaction which is not recorded in books of account that has been surrendered or disclosed as income during the year in the tax
assessments (such as, search or survey or any other relevant provisions) under Income Tax Act, 1961.

(xii) There is no scheme of compromise/arrangement in the current year which is to be approved by the competent authority in terms of section 230 to 237 of the Companies Act,
2013.

(xiii) The Company has used borrowings from banks and financial institutions for the specific purpose for which it was taken at the balance sheet date.

(xiv) The Company did not carried the revaluation of its Property, Plant and Equipment during the year ended March 31, 2025. (Also refer note 41)

42 The Company has adopted the policy of revaluation of its Land in accordance with IND AS 16. The Company is using the land as part of Property, plant and equipment. The last
valuation done by the Company for the said land was during the FY 2021-22. The management of the Company is confident that the there is no significant change in the value of
the land and hence the carrying value of land is appropriate.

43 The Company has provided various loans to its group companies. The loans carries an interest @9.25% per annum. No such income has been booked by the Company during the
year. Due to this the other income of the Company has been understated by Rs 6.55 lakhs (approximately)

44 The Company taken various borrowings from its group companies and key management personnel and its relatives. The loans carries an interest @9.25% per annum. No such
expense has been booked by the Company during the year. Due to this the finance cost of the Company has been understated by Rs 7.35 lakhs (approximately)

45 The Ministry of Corporate Affairs (MCA) has prescribed a new requirement for companies under the proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 inserted by
the Companies (Accounts) Amendment Rules 2021 requiring companies, which uses accounting software for maintaining its books of account, shall use only such accounting
software which has a feature of recording audit trail of each and every transaction, creating an edit log of each change made in the books of account along with the date when such
changes were made and ensuring that the audit trail cannot be disabled.

The Company uses an accounting software for maintaining its books of account which has a feature of recording audit trail (edit log) facility and the same has operated throughout
the year for all relevant transactions recorded in the accounting software except for privileged access to specific users to make direct changes to audit trail setting. Further, there is
no instance of audit trail feature being tampered with in respect of the accounting software where such feature is enabled. Additionally, the audit trail has been preserved by the
Company as per the statutory requirements for record retention.

46 The company was carrying investment allowance reserve in its financial statement since previous periods. The management of the company has decided to transfer the reserve to
retained earning in accordance with Company Act, 2013. This old oustanding reserves was created out of investment at the time when the company held investment. In the
current scenario there is no requirement for this reserve as the company not holding any investment in its financial statement during the year ended March 31, 2025.

47 Certain amounts (currency value or percentages) shown in the various tables and paragraphs included in the financial statements have been rounded off as deemed appropriate by
the management of the Company.

48 Previous year’s figures have been regrouped/ reclassified, to conform to the classification adopted in the current year classification. The impact of the same is not material to the
users of the financial statements

The accompanying notes form an integral part of the financial statements.

RK Bhalla & Co. For and on behalf of the Board of Directors of UNITED LEASING

Chartered Accountants AND INDUSTRIES LIMITED

ICAI Firm registration No.: 024798N

Sd/- ^Sd/- Sd/-

CA Rajat Kalsi Ashish Khanna Aditya Khanna

(Partner) Managing Director Director

Membership No.: 518515 DIN: 01251582 DIN: 01860038

Sd/- Sd/-

UDIN: 25518515BMHYJN8453 CFO Company Secretary

Place: New Delhi Place: New Delhi

Date: 29-05-2025 Date: 29-05-2025

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Mar 31, 2024

9. Provision for Current and Deferred Tax:

Provision for Current Tax is made on the basis of estimated taxable income for the current
accounting period and in accordance with the provisions as per Income Tax Act, 1961.
Deferred tax resulting from “timing difference” between book and taxable profits for the
year is accounted for using the tax rates and laws that have been enacted or substantially
enacted as on the balance sheet date. The deferred tax asset is recognized and carried forward
only to the extent that there is reasonable certainty that the assets will be adjusted in future.

10. Earnings per share (EPS)

Basic EPS:

The earnings considered in ascertaining the Company’s basic EPS comprise the net profit/
(loss) after tax. The number of shares used in computing basic EPS is the weighted
average number of shares outstanding during the year.

Diluted EPS:

The net profit/ (loss) after tax and the weighted average number of shares outstanding
during the year are adjusted for all the effects of dilutive potential equity shares for
calculating the diluted EPS.

21.8 Previous year figures have been regrouped where necessary.

21.9 As per information available with the management, there are no dues payable to enterprises
that are covered under “The Micro, Small and Medium Enterprises Development Act,
2006”.

As per our report of even Date Attached For and behalf of the Board

For Ravi Rajan & Co. LLP
(Chartered Accountants)

FRN. 009073N Sd/-

Anil Kumar Khanna

(Managing Director)

Sd/- DIN - 00207839

B.S. Rawat
(Partner)

Membership No.034159 Sd/- Sd/-

Harish Rawat Nishant Tomar

(Director & CFO) (Company Secretary)

rn ^N-06918651 ACS. No.:67654

Place : New Delhi

Date : May 30, 2024

UDIN: 24034159BKCPNP3702

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Mar 31, 2015

1. Related Party Disclosure under Accounting Standard 18

Relationship: Associate Concern RLF Limited Saurer Embroidery Systems (India) Pvt.Ltd. Telecom Finance [India] Ltd. ULL Securities Pvt.Ltd.

2. Previous year figures have been regrouped where necessary.

3. Loan from others include a sum of Rs.36,50,000 which has been borrowed from Mr.Anil Kumar Khanna Director of the company .

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Mar 31, 2014

1. The company has paid advance tax of Rs.1,57,26,775 and the provision for taxation is Rs.96,68,655. The company has filed appeals in relation to various taxation matters before different Appellate Authorities.

2. Previous year figures have been regrouped where necessary.

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Mar 31, 2013

1.1 Related Party Disclosure under Accounting Standard 18 Relationship:

Associate Concern

RLF Limited

Saurer Embroidery Systems (India) Pvt.Ltd.

Telecom Finance [India] Ltd.

ULL Securities Pvt. Ltd.

1.2 Related party transactions

Saurer Embroidery Systems Income on building & machinery received. 15,00,000/= (India) Pvt. Ltd.

1.3. Related party closing balances

1.4. Previous year figures have been regrouped where necessary.

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Mar 31, 2012

1.1 Related Party Disclosure under Accounting Standard 18

Relationship:

Associate Concern

a) RLF Limited

b) Saurer Embroider Systems (India) Pvt. Ltd.

c) Telecom Finance (India) Ltd.

d) ULL Securities Pvt. Ltd.

1.2 Previous year figures have been regrouped where necessary.

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Mar 31, 2011

1. The Company has paid Advance Tax of Rs. 1,65,85,684/= and the provision for Taxation is Rs.96,68,655/=. The company has filed appeals in relation to various Taxation matters before different Appellate Authorities.

2. Related Party Disclosure under Accounting Standard 18

Relationship

1. Associate Concern

a) RLF Limited

b) Saurer Embroidery Systems (India) Pvt.Ltd.

c) Telecom Finance [India] Ltd.

d) ULL Securities Pvt. Ltd.

6. Additional Information (to the extent applicable)

a) Details of Capacity and Production

Class of goods Licensed Capacity Actual Production Installed Capacity Embroidery - Not Applicable -

3. Previous Year Figures have been regrouped where necessary.

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Mar 31, 2010

1. Directors Remuneration

Current Year Previous Year

Rs. Rs.

A. Directors Meeting Fee Nil 27,000/=

B. Directors Insurance Premium 1,458/= 1,605/=

2. The Company has paid Advance Tax of Rs. 1,68,28,393/= and the provision for Taxation is Rs.96,68,655/=. The company has filed appeals in relation to variousTaxation matters before different Appellate Authorities.

3. Earnings in Foreign Currency

Current Year Previous Year

Rs. Rs.

Nil Nil

4. Related Party Disclosure under Accounting Standard 18

Relationship

I. Associate Concern

a) RLF Limited

b) Saurer Embroidery Systems (India) Pvt.Ltd.

c) Telecom Finance [India] Ltd.

d) ULL Securities Pvt. Ltd.

2A. Related Party Transactions

Saurer Embroidery Systems Rent on Building & Machinery Reed. 27,00,000/= (India). Ltd.

a) Details of Capacity and Production Class of goods

b) Particulars in respect of Production, Sales, Opening and Closing Stock of goods produced.

5. Additional Information (to the extent applicable)

c) Information in respect of Raw Material Consumed

d) Information in respect of Imported and indigenous material and percentage thereof.

e) CI F Value of Imports

6. Previous Year Figures have been regrouped where necessary.

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Mar 31, 2005

1. Other Loans for Rs. 6,04.992/- are secured by Hypothecation Agreement against Plant & Machinery.

2. Contingent Liability of Rs. 1.99 Lacs exists in respect of Sales Tax.

3. The Company has paid Advance Tax of Rs. 1,56,45,042/- and the provision for Taxation is Rs. 96,44,680/-.The company has filed appeals in relation to various Taxation matters before different Appellate Authorities.

4. Related Party Disclosure under Accounting Standard 18 Relationship

1. Associate Concern

a) ULL Securities Pvt. Ltd.

b) Saurer Embroidery Systems (India) Pvt. Ltd.

2. Other Entities

a) Aquarius Travels Pvt. Ltd

b) Asahi Components Ltd.

c) R. K. Khanna & Company

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Mar 31, 2004

1. Other Loans for Rs. 18,33,319/- are secured by Hypothecation Agreement against Plant & Machinery.

2. Contingent Liability of Rs. 1.99 Lacs exists in respect of Sales Tax.

3. The Company has paid Advance Tax of Rs. 1,53,96,936/- and the provision for Taxation is Rs. 96,10,592/-. The company has filed appeals in relation to various Taxation matters before different Appellate Authorities.

4. Deferred Tax Assets/Liabilities

The Company has brought forward losses which result in deferred tax assets in view of future years profitability which exceeds the deferred tax liabilities on account of timing difference of depreciation and hence the same is no provided for.

5. Related Party Disclosure under Accounting Standard 18 Relationship

1. Associate Concern

(a) ULL Securities Pvt. Ltd.

(b) Saurer Embroidery Systems (India) Pvt. Ltd.

2. Other Entities

(a) Aquarius Travels Pvt. Ltd.

(b) Asahi Components Ltd.

(c) R. K. Khanna & Company

6. Additional Information (to the extent applicable)

a) Details of Capacity and Production

Class of goods Licensed Capacity Installed Capacity Actual Production

Embroidery - Not Applicable -

e) CIF Valve of Imports Current Year Previous Year

Raw Material Nil Nil

Capital Goods Nil Nil

Components & Spare Parts Nil Nil

Maintenance Machinery Nil Nil

---

Mar 31, 2003

1 Other Loan for Rs. 20,34,984/- are secured by hypothecation agreement against Plant & Machinery.

2. Contingent Liability of Rs.1.99 Lacs exists in respect of Sales Tax.

3. Additional Depreciation of Rs. 45,00,000/- has been provided during the year on all Leased Assets irrespective of Lease Rentals accruing or not.

4. The Company has paid Advance Tax of Rs.1,56,73,6767- while the provision for Taxation is Rs.96,35,1227-.The Company has filed appeals in relation to various Taxation matters before different Appellate Authorities.

5. Related Party Disclosure under Accounting Standard 18

Relationship

1. Associates Concern

(a) ULL Securities Pvt. Ltd. (b) Saurer Embroidery Systems (India) PVt. Ltd.

2. Other Entities

(a) Aquarius Travels Pvt. Ltd. (b) Asahi Components Ltd. (c) R.K. Khanna & Company

8. Additional Information (to the extent applicable)

a. Details of Capacity and Production

Class of Goods Licensed Installed Actual to be produced Capacity Capacity Production

Embroidery Not Applicable

e.CIF Value of Imports

Raw Material Nil Nil

Capital Goods Nil Nil

Components & Spare Parts Nil Nil

Maintenance Machinery Nil Nil

---

Mar 31, 2002

1. Loan from Banks are secured by hypothication of assets.

2. Other loans includes a sum of Rs. 1,77,18,382/- on account of write back of secured loans of Punjab National Bank, as per the firm on time settlement (OTS), Sanctioned by the Bank Under the OTS the Company had to pay Rs. Twenty Lacs immediately, and Rs. Seventy Lacs by 30th Sept, 2002. The Company has already paid Rs. Twenty Lacs on 27th June, 2002.

3. Other loans for Rs.27,52,759/- are secured by Hypothecation Agreement against Plant & Machinery.

4. Contingent Liability of Rs.1.99 Lacs exists in respect of Sales Tax.

5. Additional Depreciation of Rs. 1,40,27,177/- has been provided during the year on all leased assets irrespective of lease rentals accruing or not.

6. The Company has paid Advance Tax of Rs. 1,55,48,067/= while the provision for Taxation is Rs.96,00,122/=.The Company has filed appeals in relation to various Taxation matters before different Appellate Authorities.

7. Related Party Disclosure under Accounting Standard 18

Relationship

1. Associates Concern

(a) ULL Securities Pvt. Ltd.

(b) Saurer Embroidery Systems (India) PVt. Ltd.

2. Other Entities

(a) Aquarius Travels Pvt. Ltd.

(b) Asahi Components Ltd.

(c) R.K. Khanna & Company

---

Mar 31, 2001

1. Loan from Banks are secured by hypothication of assets.

2. Other loans for Rs.51,38,749/= are secured by Hire Purchase Agreement against Plant & Machinery.

3. Contingent Liability of Rs.1.99 Lacs exists in respect of Sales Tax.

4. Depreciation has been charged on leased assets where income is accruing.

5. Prior Period Adjustment represents an adhoc provision of Rs.25 Lac on leased assets where income is not accruing.

6. The Company has paid Advance Tax of Rs.1,62,15,228/= while the provision for Taxation is Rs.96,00,122/=.The Company has filed appeals in relation to various Taxation matters before different Appellate Authorities.