10.08.2011 LIST OF ASSETS & LIABILITIES AND BUSINESS INTERESTS AS ON 31ST MARCH, 2011

IX

Shri Kamal Nath

(List of Assets & Liabilities enclosed vide Annexure 'A')

Smt. Alka Nath (Wife of Kamal Nath)

(List of Assets & Liabilities enclosed vide Annexure 'B')

Shri Nakul Nath (Son of Kamal Nath)

(List of Assets & Liabilities enclosed vide Annexure 'C')

Shri Bakul Nath (Son of Kamal Nath)

(List of Assets & Liabilities enclosed vide Annexure 'D')

Smt. Simran Nath (Daughter in law of Kamal Nath)

(List of Assets & Liabilities enclosed vide Annexure 'E')

Shri M. Nath & Sons (HUF of Late Mahendra Nath Father of Kamal Nath)

(List of Assets & Liabilities enclosed vide Annexure 'F')

Shri Kamal Sons (HUF of Kamal Nath)

(List of Assets & Liabilities enclosed vide Annexure 'G')

Nath Benefit Fund (Private Trust for benefit of Nakul Nath and Bakul Nath)

(List of Assets & Liabilities enclosed vide Annexure 'H')

Companies in which the above (List of Assets & Liabilities enclosed as per latest have business interest available audited Balance Sheet vide Annexure 'I')

ANNEXURE-A LIST OF ASSETS & LIABILITIES AS ON 31.03.2011 SHRI KAMAL NATH PARTICULARS

AMOUNT (Rs.

ASSETS IMMOVABLE PROPERTY Land & Building (at cost)

Village Sultanpur, Delhi

15,063,180

MOVABLE PROPERTY Equity Share in Companies (at cost)

- Quoted/Listed Companies - Unquoted/Companies

1,750 1,173,710

LIC Annuity Policy for sum assured LIC Policy for sum assured

400,000 200,000

Bonds (at cost)

450,000

Others (at cost

)

Computer Car - TATA Nano LX Car - Ambassador Cash & Bank Balance

45,000 196,332 484,822 23,975,257

Jewellery (at cost)

300 Gram Gold Jewellery Loans, Advances & Other Receivables LIABILITIES

300,000 47,869,780 1,500,000

Annexure - B LIST OF ASSETS & LIABILITIES AS ON 31.03.2011 SMT. ALKA NATH PARTICULARS

AMOUNT (Rs.)

IMMOVABLE PROPERTY Land & Building (at cost) At Village Sikarpur, Chindwara S-5, 3rd Floor, Panchsheel Park, New Delhi

689,000 18,720,000

MOVABLE PROPERTY Equity Share in Companies (at cost) Quoted/Listed Companies Unquoted/Companies

9,917,428 1,916,000

Bonds & Other Investments (at cost)

8,570,000

Jewellery (at cost)

925,000

Cash & Bank Balance

14,120,000

Loans & Advances

16,875,000

LIABILITIES

29,000,000

ANNEXURE-C LIST OF ASSETS & LIABILITIES AS ON 31.03.2011 SHRI NAKUL NATH PARTICULARS

AMOUNT (Rs.)

ASSETS MOVABLE PROPERTY Equity Share in Companies (at cost)

- Quoted/Listed Companies - Unquoted/Companies LIC Future Plus Bonds and Other Investments(at cost) Jewellery (at cost)

Cash & Bank Balance

7,369,905 2,480,976 200,000 1,507,990

675,538 4,143,795

Loans, Advances & Other Receivables

18,206,154

LIABILITIES

10,666,100

ANNEXURE-D LIST OF ASSETS & LIABILITIES AS ON 31.03.2011 SHRI BAKUL NATH PARTICULARS

AMOUNT (Rs.)

ASSETS IMMOVABLE PROPERTY Land and Building (at cost) 1/2 Share in Flat No. A-201, Zen Garden, Bangalore (Measuring 2300 sq. fts.) 1/2 Share in Flat No. 003, Rays of Light, Bangalore (Measuring 3310 sq. fts.)

3,971,880 8,740,500

MOVABLE PROPERTY Equity Share in Companies (at cost) - Quoted/Listed Companies - Unquoted/Companies Bonds and Other Investments(at cost) Cash & Bank Balance

3,222,152 2,217,100 647,996 6,441,473

Loans, Advances & Other Receivables

18,643,740

LIABILITIES

18,018,935

Annexure - E LIST OF ASSETS & LIABILITIES AS ON 31.03.2011

SMT. SIMRAN NATH PARTICULARS

AMOUNT (Rs.)

IMMOVABLE PROPERTY Land and Building (at cost)

Vila No. 10, Gurgaon One, Gurgaon, Haryana - 122001 (Measuring 4762 sqft)

10,913,873

1/2 Share in Property No. 114, Sunder Nagar (Measuring 866.67 sq. yds.)

31,561,760

1/2 Share in Flat No. A-201, Zen Garden, Bangalore (Measuring 2300 sq. fts.)

3,971,880

1/2 Share in Flat No. 003, Rays of Light, Bangalore (Measuring 3310 sq. fts.)

8,740,500

MOVABLE PROPERTY Equity Share in Companies (at cost)

Quoted/Listed Companies Unquoted/Companies

86,000 10,751,350

Jewellery (As per Wealth Tax Return)

Gold & Silver Cash & Bank Balance Loans, Advances & Other Receivables

LIABILITIES

18,935,518 2,061,145 73,508,295

2,940,000

ANNEXURE - F LIST OF ASSETS & LIABILITIES AS ON 31.032011

SHRI M. NATH & SONS PARTICULARS

AMOUNT (Rs.)

ASSETS MOVABLE PROPERTY Equity Share in Unquoted Companies (at cost)

107,760

Cash & Bank Balance

142,750

Loans, Advances & Other Receivables

1,518,300

ANNEXURE - G LIST OF ASSETS & LIABILITIES AS ON 31.03.2011

SHRI KAMAL SONS PARTICULARS

AMOUNT(Rs.)

ASSETS

MOVABLE PROPERTY Equity Share in Unquoted Company (at cost) Cash & Bank Balance

40

195,311

ANNEXURE - H LIST OF ASSETS & LIABILITIES AS ON 31.03.2011

NATH BENEFIT FUND PARTICULARS

AMOUNT (Rs.)

ASSETS IMMOVABLE PROPERTY Land (at cost) Chindwara, Madhya Pradesh

285,784

MOVABLE PROPERTY Equity Shares in Companies (at face value) - Quoted/Listed Companies - Unquoted/Companies

1,000 546,870

Cash & Bank Balance

175,590

Loans, Advances & Other Receivables

6,186,192

ANNEXURE - 'I' COMPANIES IN WHICH MR. KAMAL NATH & HIS FAMILY HAVE BUSINESS INTEREST

S. No.

Name of Companies

1 Span Motels Pvt. Ltd. 2 Span Air Pvt. Ltd. 3 Span Agro Properties Pvt. Ltd. 4 Span Plantations Pvt. Ltd. 5 Span Beach Resorts Pvt. Ltd. 6 Shaka Properties Pvt. Ltd. 7 Shaka Estate & Finance Pvt. Ltd. 8 Greenhill Properties Pvt. Ltd. 9 Green Valley Properties Pvt. Ltd. 10 Ramkanta Properties Pvt. Ltd. 11 Magnum Associates Pvt. Ltd. 12 EMC Alloys Pvt. Ltd. 13 EMC Projects Pvt. Ltd. 14 EMC Steelal Ltd. 15 Netvantage Technologies Pvt. Ltd. 16 International Management Technologies Pvt. Ltd. 17 Institute of Management Technology FZ L.L.0 Dubai - UAE 18 IMT FZC 19 Neelkamal Realty Pvt. Ltd. 20 Unique Technobuild Pvt. Ltd. 21 Robinson Realty Pvt. Ltd. 22 Centenary Trading Pvt. Ltd. 23 ALZO Investments Pvt. Ltd. 24 Nakul Securities Pvt. Ltd. 25 Bakul Holdings Pvt. Ltd.

SPAN MOTELS PVT.LTD. BALANCE SHEET AS AT 31ST MARCH 2010

PARTICULARS

SCH. CURRENT YEAR AMOUNT(Rs.)

I. SOURCES OF FUNDS 1

PREVIOUS YEAR AMOUNT(Rs.)

Shareholders' Funds

a) Capital

1 2

9,141,000 49,478,360

9,141,000 28,987,404

80,000,000 172,560,000 1,897,717 313,077 077

22,623,966 91,500,000 172,560,000 1,734,947 326,547,317

4

69,416,197 25,265,074 44,151,123 5,120,555 49,271,678

64,005,076 22,950,437 41,054,639 36,970,756 78,025,395

2 Investments

5

249,314,135

248,859,335

3 a) b) c) d) e)

6 7 8 9

691,126 20,280,107 1,739,856 2,496,247 25,207,336

575,870 128,575 2,545,107 1,921 2,077,936 5,329,409

5,354,072 5,362,000 14,491,264

4,356,342 1,310,480 (337,413)

b) Reserves and Surplus 2 Loan Funds a) Secured Loans b) Unsecured Loans c) Debenture (Unsecured) 3 Deferred Tax Liability( Net of Assets)

3

TOTAL II. APPLICATION OF FUNDS 1 Fixed Assets a) Gross Block b) Less: Depreciation 6) Net Block d) Capital Work in Progress

Current Assets,Loans & Advances Inventories Sundry Debtors Cash & Baiik Balances Other Current Assets Loans and Advances

Less:Current Liabilities & Provisions a) Liabilities b) Provisions Net Current Assets

10 11 TOTAL

313,077,077

326,5473317

Accounting Policies and Notes on Accounts form integral part of the Balance Sheet. AUDITOR'S REPORT As per our Separate report of even date For S.P.Sharma & Associtates Chartered Accountants FRN - 000744N t//.4,/ CA. S.P.SHARMA PARTNER M.NO.15921 PLACE: NEW DELHI DATED: August 10. 2010

/;"DIRECTOR 71"

DIRECTOR

SPAN AIR PRIVATE LIMITED BALANCE SHEET AS AT 31st March, 2010 PARTICULARS

SCHEDULE

SOURCES OF FUNDS Shareholders Funds Share Capital Reserve & Surplus

1 2

Loan Funds Secured Loans

3

AMOUNT RS. AS AT AS AT 31.03.2009 31.03.2010 285,629,000 147,388,183

22,623,966 33,216,456

Deferred Tax Liability(Net of Assets)

APPLICATION OF FUNDS ri4ed Assets GtOss Block Less: Depreciation Net Block Capital Work in Progress

285,629,000 134,354,088

466,233,639

40,880,106 483,487,160

4 563,907,546

562,418,502 194,445,069 367,973,433 367,973,433

125,657,115 438,250,431 32,215,974 470,466,405

Investments

5

10,200,000

10,200,000

Current Assets.Loans & Advances Sundry Debtors Cash & Bank Balances Other Current Assets Loans & Advances

6 7 8 9

48,120,799 25,288,116 163,031 162,535,486 236,107,432

11,974,646 40,699,003 117,412 128,679,921 181,470,982

Less: Current Liabilities & Provisions Liabilities , Provisions

10

142,369,149 5,678,077 148,047,226 88,060,206

163,748,304 14,901,923 178,650,227 2,820,755

NET CURRENT ASSETS

483,487,160 466,233,639 Accounting Policies and Notes on Accounts form an integral part of the Balance Sheet. AUDITOR'S REPORT As per our separate report of even date For and on behalf of the Board FOR S.P. SHARMA & ASSOCIATES CHARTERED ACCOUNTANTS F R N 000744N 414,Y ' oes_ 4eAdfrd4 '5'.■ (BAKUL NATH) (NAKUL NATH) ELM V :,;‘) N (CA S.P. SHARMA) DIRECTOR DIRECTOR 0 PARTNER MEMBERSHIP NO. 1592 ***•.4tepAccoov (HITESH BANSAL) PLACE : NEW DELHI COMPANY SECRETARY DATED : 10th August, 2010

/IA

,v`ICt C)

SPAN AGRO PROPERTIES PVT, LTD. BALANCE SHEET AS AT 31ST MARCH, 2010

SCHEDULE

PARTICULARS

AS AT 31.03.2010 (RUPEES)

AS AT 31.03.2009 (RUPEES)

I. SOURCES OF FUNDS Shareholders Funds Share Capital Reserve & Surplus

1 2

Loan Funds Unsecured Loan

3 TOTAL

100,400 6,784,498

100,400 6,706,396

2,000,000 6,884,898

8,806,796

20,568,396 30,041 20,538,355

1,642,753 27,944 1,614,809

16,134,935

16,134,935

1,027,004 24,227,544 25,254,548

1,075,425 25,031,651 26,107,076

55,014,457 28,483 55,042,940 (29,788,392)

35,017,148 32,876 35,050,024 (8,942,948)

6,884,898

8,806,796

II. APPLICATION OF FUNDS Fixed Assets Gross Block Less: Depreciation Net Block

4

Investments

5

Current Assets. Loans & Advances Cash and Bank Balances Loans and Advances

6

Less: Current Liabilities & Provisions Current Liabilities Provisions

7

Net Current Assets TOTAL

Accounting Policies and Notes on Accounts form an integral part of the Balance Sheet. As per our report of even date attached. For S.P.SHARMA & ASSOCIATES CHARTERED ACCOUNTANTS

For SPAN AGRO PROPERTIES PVT. LTD.

ry. (S.P.SHARMA) F.C.A. PARTNER M.No. 15921 PLACE: NEW DELHI DATED: 10.08.2010

DIRECTOR

SPAN PLANTATIONS PVT,LTD. BALANCE SHEET AS AT 31ST MARCH. 2010

Schedule

Particulars I. SOURCES OF FUNDS Shareholders Funds Share Capital Reserve & Surplus

1 2

Loan Funds Unsecured Loan

As At 31.03.2010 (Rupees)

As At 31.03.2009 (Rupees)

100,000 466,806

100,000 437,604 827,000

3 566,806

TOTAL II. APPLICATION OF FUNDS Fixed Assets Gross Block Less: Depreciation Net Block

4

4,604 12,6=

153,300 153,300

153,300 153,300

Current Assets, Loans and Advances Cash and Bank Balances Loans and Advances Total (A) Less: Current Liabilities and Provisions Current Liabilities Provisions Total (B) Net Current Assets

.

5 869,415 14,970,386 15,839,801

862,922 14,970,876 15 833,798

15,413,236 13,059 15,426,295

14,606,618 15,876 14,622,494

6

(A)-(B)

413,506

1,211,304

TOTAL

806 56 611

1„ 364 604_

Significant Accounting Policies and Notes 7 to the Accounts Schedule 1 to 7 referred above form an integral part of this Balance Sheet. As per our report of even date attached. For L.B.JHA & CO. CHARTERED ACCOUNTANTS

For SPAN PLANTATIONS PVT. LTD. / 1/

SATYABRATA PARTNER M # 95080 PLACE: NEW DELHI DATED: 10.08.2010

DIRECTOR

SPAN BEACH RESORTS PVT. LTD. BALANCE SHEET AS AT 31ST MARCH. 2010

As At 31.03.2010 (Rupees)

As At 31.03.2009 (Rupees)

100,000

100,000

225,000

225,000

325,000

325,000

93,001 93,001

102,139 102,139

Total (B)

13,236 13,236

6,618 6,618

(A)-(B)

79,765

95,521

245,235

229,479

325 000

325,000

Schedule

Particulars I. SQUFCES OF FUNDS Shareholders Funds Share Capital Loan Funds Unsecured Loan

2 TOTAL

II. APPLICATION OF FUNDS Current Assets, Loans and Advances Cash and Bank Balances

3 Total (A) 4

Less: Current Liabilities and Provisions Current Liabilities Net Current Assets

5

Miscellaneous Expenditure (To the extent not written off or adjusted) Preliminary & Pre-operative Expenses TOTAL

,

Significant Accounting Policies and Notes 6 to the Accounts Schedule 1 to 6 referred above form an integral part of this Balance Sheet. As per our report of even date attached. For L.B.JHA & CO. CHARTERED ACCOUNTANTS

SATYABRATA PARTNER M # 95080 PLACE: NEW DELHI DATED: 19.07.2010

For SPAN BEACH RESORTS PVT. LTD.

DIRECTOR

DIRECTOR

SHAKA PROPERTIES PVT. LTD. BALANCE SHEET AS AT 31ST MARCH 2010

Particulars I. SOURCES OF FUNDS ,Shareholders Funds Share Capital Reserve & Surplus Loan Funds Unsecured Loans

Schedule

AS AT 31.03.2010 (Rupees)

AS AT 31.03.2009 (Rupees)

1 2

100,040 35,104,866

100,040 32,867,266

3

41,000,000

TOTAL II. APPLICATION OF FUNDS Fixed Assets Gross Block Less: Depreciation Net Block

4✓

32,967,306

38,269,169 38,269,169

24,687,968 24,687,968

84,235,258

92,450,131

4

Investments

5

Current Assets. Loans & Advances Cash and Bank Balances Loans and Advances Total (A)

6

Less: Current Liabilities & Provisions Current Liabilities Provisions Total (B)

7

Net Current Assets

76,204,906

703,512 3,441,306 4,144,818

3,736,977 17,604,327 21,341,304

50,015,339 429,000 50,444,339

105,011,167 500,930 105,512,097

(A)-(B)

(46,299,521)

(84,170,793)

TOTAL

76,204,906

32,967,306

Significant Accounting Policies and Notes to the Accounts 12 Schedule 1 to 7 and 12 referred above form an integral part of this Balance Sheet. As per our report of even date attached. For L.B.JHA & CO. CHARTERED ACCOUNTANTS

SATYABRATA PATI PARTNER M # 95080 PLACE: NEW DELHI DATED: 10.08.2010

7...

? For SHAKAP OPERTIES PVT. LTD.

DIRECTOR

DIRECTOR

SHAKA ESTATE & FINANCE PVT. LTD. BALANCE SHEET AS AT 31ST MARCH, 2010

AS AT 31.03.20W (Rupees)

AS AT 31.03.2009 (Rupees)

1 2

100,040 7,108,923

100,040 6,895,480

3

38,450,000

38,750,000

45,658,963

45,745,520

21,474,140 21,474,140

21,474,140 21,474,140

20,466,222

20,466,222

Schedule

Particulars I. SOURCES OF FUNDS Sbareholders Funds Share Capital Reserve & Surplus Loan Funds Unsecured Loan TOTAL

dot

II. APPLICATION OF FUNDS Fixed Assets Gross Block . Less : Depreciation Net Block

4

jnvestments

5

Current Assets. Loans & Advances Cash and Bank Balances Loans and Advances Total (A)

6

Less: Current Liabilities & Provisions Current Liabilities Provisions Total (B) (A)-(B) Net Current Assets

7

3,732,589 82,248 3,814,837

3,732,390 178,186 3,910,576

14,236 82,000 96,236 3,718,601

6,618 98,800 105,418 3,805,158

45,658,963

45,745,520

TOTAL Significant Accounting Policies and Notes 8 to the Accounts Schedule 1 to 8 referred above form an integral part of this Balance Sheet. As per our report of even date attached. For L.B.JHA & CO. CHARTERED ACCOUNT NT

SATYABRATA PAT PARTNER

M # 95080 PLACE: NEW DELHI DATED: 10.08.2010

For SHAKA ESTATE & FINANCE PVT. LTD.

DIRECTOR

DIRECTOR

GREENHILL. PROPERTIES PVT. LTD. BALANCE SHEET AS AT 31ST MARCH, 2010 AS AT 31.03.2010

Schedule

Particulars I. SOURCES OF FUNDS 5hreholders' Funds Share Capital Reserve & Surplus Loan Funds Secured Loan Unsecured Loan

1 2

100,000 32,555,614

100,000 24,061,121

3 4

76,144,153 10,500,000

84,949,779 14,500,000

119,299,767

123,610,900

114,438,648 2,141,320 112,297,328

114,438,648 275,970 114,162,678

12,674,935

12,674,935

TOTAL II. APPLICATION OF FUNDS Fixed Assets Gross Block Less: Depreciation Net Block

AS AT 31.03.2009

5

investments

6

Current Assets, Loans & Advances Cash and Bank Balance Loans and Advances Total (A)

7

Less: Current Liabilities & Provisions Current Liabilities Provisions Total (B) (A)-(B) Net Current Assets

8

1,058,946 4,572,128 5,631,074

2,342,776 4,038,025 6,380,801

9,580,570 1,723,000 11,303,570 (5,672,496)

5,816,684 3,790,830 9,607,514 (3,226,713)

119,299,767

123,610,900

TOTAL

Significant Accounting Policies and 10 Notes to the Accounts Schedules 1 to 8 and 10 referred above form an integral part of this Balance Sheet. As per our report of even date attached. For L.B.JHA & Co. CHARTERED ACCOUNTANTS

For GREENHILL PROPERTIES PVT. LTD. /V

SATYABRATA P PARTNER M # 95080 PLACE: NEW DELHI DATED: 10.08.2010

DIRECTOR

GREEN VALLEY PROPERTIES PVT. LTD. BALANCE SHEET AS AT 31ST MARCH. 2010

Schedule

Particulars I. SOURCES OF FUNDS Shareholders Funds Share Capital Loan Funds Unsecured Loans

100,000

100,000

2

16,500,000

16,500,000

16,600,000

16,600,000

16,228,140

16,228,140

16,228,140

16,228,140

20,000

20,000

151,943 24,750 176,693

161,136 24,750 185,886

13,236 13,236 163,457

6,618 6,618 179,268

188,403

172,592

16,600,000

16,600,000

3

Investments

4

Current Assets. Loans and Advances Cash and Bank Balances Loans & Advances

5

Total (A) 6

Less: Current Liabilities and Provisions Current Liabilities Net Current Assets

AS AT 31.03.2009 (Rupees)

1

TOTAL II. APPLICATION OF FUNDS Fixed Assets Gross Block Less: Depreciation Net Block

AS AT 31.03.2010 (Rupees)

Total (B) (A)-(B) 7

Miscellaneous Expenditure (To the extent not written off or adjusted) Preliminary & Pre-operative Expenses TOTAL

Significant Accounting Policies and Notes 8 to the Accounts Schedules 1 to 8 referred above form an integral part of this Balance Sheet. As per our report of even date attached. For L.B.JHA & CO. CHARTERED ACCOUNTANTS

SATYABRATA PA I PARTNER M # 95080 PLACE: NEW DELHI DATED: 10.08.2010

For GREEN VALLEY PROPERTIES PVT. LTD.

Ad'.1

DIRECTOR

,v

,ecc__

,,,

e

DIRECTOR

RAMKANTA PROPERTIES PVT. LTD. BALANCE SHEET AS AT 31ST MARCH, 2010

AS AT 31.03.2010 (Rupees)

AS AT 31.03.2009 (Rupees)

1

1,050,020

1,050,020

2

42,125,000 43,175,020

42,125,000 43,175,020

41,961,900 3,769,354 38,192,546

41,961,900 3,085,375 '38,876,625

Schedule

Particulars I. SOURCES OF FUNDS Shareholders Funds Share Capital Loan Funds Unsecured Loans TOTAL II. APPLICATION OF FUNDS Fixed Assets Gross Block Less: Depreciation Net Block

3

Current Assets. Loans & Advances Cash and Bank Balances Loans and Advances Total (A)

4

Less: Current Liabilities & Provisions Current Liabilities Total (B) Provisions

5

Net Current Assetas

664,784 42,071 706,855

695,186 44,731 739,917

13,236 5,891 19,127

10,868 6,530 17,398

(A)-(B)

687,728

722,519

TOTAL

4,294,746 43,175,020

3,575,976 43,175,020

Profit & Loss Account As per Profit & Loss Account

Significant Accounting Policies and 6 Notes to the Accounts Schedules 1 to 6 referred above form an integral part of this Balance Sheet. As per our report of even date attached. For L.B.JHA & CO. CHARTERED ACCOUNTANTS

SATYABRATA PATI PARTNER M # 95080 PLACE: NEW DELHI DATED: 10.08.2010

For RAM KANT,A,OPERTIES PVT. LTD.

DIRECTOR

DIRECTOR

MAGNUM ASSOCIATES PVT, LTD. BALANCg SHEET AS AT 31ST MARCH. 2010 AS AT 31.03.2010 (Rupees)

AS AT 31.03.2009

100,200

100,200

Reserve & Surplus Profit & Loss Account

2,469,664

2,183,703

Deferred Tax Liability

1,560

1,696

2,571,424

2,285,599

12,500 6,589 5,911

12,500 5,995 6,505

40,000

40,000

Schedule

Particulars I. SOURCES OE FUNDS Shareholders' Fynds Share Capital

1

TOTAL H. APPWCATIQN OF FUNDS Fixed Assets Gross Block Less: Depreciation Net Block

2

ItrilliMAPA

3

Current Assets. Loans & Advances Cash and Bank Balances Loans and Advances Total (A) Less: Current Liabilities & Provisions Current Liabilities Provisions Total (B)

4

Net Current Assets

(Rupees)

150,889 2,530,404 2,681,293

2,255,428 167,020 2,422,448

26,780 129,000 155,780

31,954 151,400 183,354

5

(A)-(B)

2,525,513

2,239,094

TOTAL

2,571,424

2,285,599

Significant Accounting Policies and Notes 6 to the Accounts Schedules 1 to 6 referred above form an integral part of this Balance Sheet. As per our report of even date attached. For L.B.JHA & CO. CHARTERED ACCOUNTANTS

For MAGNU 1SSOCIATES PVT. LTD.

01:1/4/ SATYABRATA PATI

pARTRER M # 95080 PLACE: NEW DELHI DATED: 10.08.2010

DIRECTOR

DIRECTOR

gMC ALLOYS PRIVATE LIMITED

PA LA N C E SHEET AS AT 31ST MARCH, 2010

Particelars

AS AT 31.03.2010 (Rupees)

AS AT 31.03.2009 (Rupees)

1

100,000

100,000

2

2,400,000

Schedule

I. SOURC S OF FUNDS Shareholders Funds Share Capital Loan Funds Unsecured Loan TOTAL II. APPLICATION OF FUNDS Fixed Assets Gross Block Less: Depreciation Net Block

2,500,000 3 52,564,371

24,660,144 52,564,371

Current Assets. Loans & Advances Cash and Bank Balances Loans and Advances

24,660,144

4 Total (A)

Less: Current Liabilities & Provisions Current Liabilities Provisions Net Current Assets

100,000

337,412 44,516,320 44,853,732

25,312,062 36,936 25,348,998

95,013,236 10,859 95,024,095

50,006,618 32,800 50,039,418 (24,690,420)

5 Total (B) (A)-(B)

(50,170,363)

PROFIT & LOSS ACCOUNT Profit & Loss Account TOTAL

105,992

130,276

2,500,000

100,000

Significant Accounting Policies and Notes to the Accounts 6 Schedules 1 to 6 referred above form an integral part of this Balance Sheet. As per our report of even date attached. For L.B.JHA & Co. CHARTERED ACCOUNTANT

SATYABRATA PATI PARTNER M # 95080 PLACE: NEW DELHI DATED: 10.08.2010

For EMC ALLOYS PRIVATE LIMITED

DIRECTOR

DIRECTOR

EMC PROJECTS PRIVATE LIMITED

Balance Sheet as at 31st March 2010 Schedule No.

SOURCES OF FUNDS Shareholders' Funds Share Capital Reserves & Surplus Unsecured Loan

As at 31st March 2010 Rs. Rs.

1 2 6 Total:

APPLICATION OF FUNDS Fixed Assets Gross Block Less: Depreciation Net Block Investments Deferred Tax Assets. - Net ( Read with note no. B (5) of Schedule - 12 ) Current Assets, Loans & Advances Cash and Bank Balances Loans and Advances

Less: Current Liabilities & Provisions Current Liabilities Sundry Creditors Other Liabilities Provisions

1,030,040 89,181,948 36,650,000 126,861,988

1,030,040 37,053,048 28,744,600 66,827,688

47,474,500

69,572,747 823,356 68,749,391

32,418,695

32,418,695

114,133

130,798

3 48,320,374 845,874 47,474,500 4

5 414,193 51 833,784 52,247,977

1,648,426 316,304 1,964,730

506,490

319,704 36,000,000 116,222 36 435,926 (34,471,196)

7

4,886,827 5,393,317

Net Current Assets

46,854,660

Total: Significant Accounting Policies & Notes on Accounts

126,861,988 12

Note: The Schedules referred to above form an integral part of the Balance Sheet. As per our report of even date attached. For G. Basu & Co. For Emc Projects Pvt Ltd For Emc Projects Pvt Ltd Chartered Accountants R.N0.-301174E

. ,

( .J.N. DHAR) Partner (M. No.007117 ) Place : Kolkata Dated : 4th August , 2010

As at 31st March 2009 Rs.

( L. C. BANSAL ) Director

GHOSH) Director

66,827,688

EMC STEELAL LIMITED BALANCE SHEET AS AT 31st MARCH, 2010 Schedule : No. SOURCES OF FUNDS ghareholders' Funds Share Capital Reserve & Surplus

As at 31.03.201.0 Rs.

1 1A

Deferred Tax Liability (Depreciation ) Total::

As at 31.03.2009 Rs.

55,020,000

55,020,000

129,526,229 15,232

45,694

184,561,467:

APPLICATION OF FUNDS Fixed Assets Gross Block Less: Depreciation Net Block

55,065,694

2 253,350 191,777 61,573

Investment

3

13,783,872 1,437,289 61,573

12,346,583

4,050,000

12,346,583 4,050,000

Current Assets,Loans & Advances Cash and Bank Balances Loans and Advances

5

LESS: Current Liabilities & Provissions

2,486,081 179,560,222

793,347 9,036,828

182,046,303

9,830,175

6

Current Liabilites Provisions

1,296,326 300,089_

/

Net Current Assets Profit and Loss Account

'MN

Total: Significant Accounting Policies & Notes on Account

1,219,619 21,884_

I

180,449,888

8,588,672 30,080,439

184,561,461

55,065,694

12 The Schedule referred to above form an integral part of the Balance Sheet As per our report of even date For G. Basu & Co. Chartered Accountants For EMC STEELAL LIMITED For EMC STEELAL LIMITED

R.“0-

l74 E-

( J. N. DHAR) Partner (M. No. 007117 ) Kolkata Dated : 27th*July 2010.

NAKUL NATH (Director)

P S V RAJAN (Director)

NETVANTAGE TECHNOLOGIES PVT. LTD. BALANCE SHEET AS AT 31pT MARCH. 2010

Particulars

Schedule

I. SOURCES OF FUNDS Shareholders Funds Share Capital

1

Reserve & Surplus Profit & Loss Account Loan Funds Unsecured Loan

2 TOTAL

II. APPLICATION OF FUNDS Fixed Assets Gross Block Less : Depreciation Net Block

AS AT 31.03.2010 (Rupees)

AS AT 31.03.2009 (Rupees)

100,000

100,000

602,427

618,519

76,300,000

76,300,000

77,002,427

77,018,519

76,803,890

76,803,890

76,803,890

76,803,890

3

Current Assets. Loans & Advances Cash and Bank Balances Loans and Advances Total (A)

4

Less: Current Liabilities & Provisions Current Liabilities Provisions Total (B) Net Current Assets (A)-(B)

5

211,773 211,773

228,080 226 228,306

13,236

13,677

13,236

TOTAL

198,537

13,677 214,629

77,002,427

77,018,519

Significant Accounting Policies and Notes to the Accounts 6 Schedule 1 to 6 referred above form an integral part of this Balance Sheet. As per our report of even date attached. For L.B.JHA & CO. CHARTERED ACCOUNTANT

SATYABRATA PATI PARTNER

M # 95080 PLACE: NEW DELHI DATED: 10.08:2010

For NETVANTAGE TECHNOLOGIES PVT. LTD. A/YE DIRECTO

DIRECTOR

INTERNATIONAL MANAGEMENT TECHNOLOGIES PVT. LTD. BAL./?■ NCE SHEET AS AT 31ST MARCH, 2010

Particulars

Schedule

AS AT 31.03.2010 (Rupees)

AS AT 31.03.2009 (Rupees)

1 2

10,000,000 139,000,458

10,000,000 71,269,445

3

176,292,924 44,078 325,337,460

35,000,000 367,667 116,637,112

294,280,767 13,446,796 280,833,971

39,570,981 2,417,640 37,153,341

69,469,331

67,533,704

I SOURCES OF FUNDS S hareholders Funds Share Capital Reserve & Surplus Loan Funds Unsecured Loan Deferred Tax Liability TOTAL II APPLIPATION OF FUNDS Fixed Assets Gross Block Less : Depreciation Net Block

4

Investments Current Assets. Loans & Advances Sundry Debtors Cash and Bank Balances Loans and Advances

5 6

Total (A) Less: Current Liabilities & Provisions Current Liabilities Provisions Total (B) Net Current Assets (A)-(B) TOTAL

433,350 2,106,488 36,804,274 39,344,112

40,872 1,024,443 52,350,079 53,415,394

32,737,954 31,572,000 64,309,954

12,915,327 28,550,000 41,465,327 11,950,067 116,637,112

7

(24,965,842) 325,337,460

Significant Accounting Policies and Notes to the Accounts 14 Schedule 1 to 7 and 14 referred above form an integral part of this Balance Sheet. As per our report of even date attached. For L.B.JHA & CO. CHARTERED ACCOUNTANT

For INTERNATIONAL MANAGEMENT TECHNOLOGIES PVT. LTD. 10

(CA SATYABRATA PA PARTNER M # 95080 PLACE: NEW DELHI DATED: 10.b8.2010

DIRECTOR

DIRECTOR

Institute of Management Technology FZ Dubai international Academic City, Dubai - United Arab Emirates Statement of financial position as at March 31, 2011 (In Arab Emirates Dirham) N.91e.s

2011

2010

Assets Current assets: Cash and bank balances Accounts receivable Other receivables Total current assets

1,667,337 32,927 ,5,967,208 7,667,472

2,676,015 36,512 9,576,440 12,288,967

8

91,198,876 98,866,348

74,688,297 86,977,264

q 10

4,124,012 13,032,919 17,156,931

6,112,387 13,511,159 19,623,546

6,064,593 16,359,513 23,861,500 46,285,606 63,442,537

8,694,994 23,861,500 32,556,494 52,180,040

Non-current assets: Property, plant and equipment Total assets Liabilities and equity Current liabilities: Borrowings Accounts and other payables Total current liabilities Non-current liabilities: Loans from related parties Borrowings Debentures Total non-current liabilities Total liabilities

9 II

Shareholders' equity Share capital Share Premium Accumulated (losses) Shareholder's loan account Total shareholders' equity Total liabilities and shareholders' equity

12

1t

24,375,000 13,350,000 (5,051,189) 2,750,000 35,423,811 98,866,348

24,375,000 13,350,000 (2,927,776) 34,797,224 86,977,264

The accompanying notes form an integral part of these financial statements. The report of the auditors is set out on page 5 & 6. The i:11

1: t t't: 11. 11

o.

(11:1 pages 7 to 22 w recapproved on May 18, 2011 and signed on bchal f of the Entity by:

IrOALAto..410...t.w.4%.11 4.1.4 ARDOUR'S/ON ANO ASSOCIATES

Ppl. A R IS'

PAGE 3

I.M.T FZC Balance Sheet As at 31 March 2011

Notes

ASSETS Non -current assets Fixed assets Current assets Other receivables Cash and cash equivalents Total current assets

3

4&10 5

Current liabilities Other payables Total current liabilities

4 81Q,$56

49.000 148 400 197,40(1

Total assets EQUITY AND LIABILITIES Capital and reserves Shareholders' funds Share capital Accumulated profits Total Equity and Shareholders' funds

2011 AKI?

_54.012.5A

6

450,000 580 156 1,030,156

7& 10

Total equity and liabilities

3 978,10(1 3 978 10.0

..5,911.142.„56

The accompanying notes farm an integral part of these financial statements. The report of auditors is set forth on page 2. We confirm that we are responsible for these financial statements, including selecting the accounting policies and making the judgments underlying them. We confirm that we have made available all relevant accounting records a information for their compilation. Apps'

he director on 3O" fitly 2011.

ER

OUR ASSOCIATES: OREGON ASSOCIATION OF INDEPENDENT ACCOUNTANTS, PORTLAND, U.S.A.

NEELKAMAL REALTY PRIVATE LIMITED BALANCE SHEET AS AT 31ST MARCH, 2010

Particulars

As At 31.03.2010 (Rupees)

As At 31.03.2009 (Rupees)

1

100,000

100,000

2

8,700,000

8,500,000

8,800,000

8,600,000

Schedule

I. SOURCES OF FUNDS Shareholders Funds Share Capital Loan Funds Unsecured Loans TOTAL II. APPLICATION OF FUNDS Fixed Assets Gross Block Less: Depreciation Net Block

3 8,598,242 • 8,598,242

Current Assets, Loans & Advances Cash and Bank Balances Loans and Advances Total (A)

4

Less: Current Liabilities & Provisions Current Liabilities Total (B)

5

Net Current Assets

95,490

8,598,242 8,598,242

95,490

23,520 23,520

193,236 193,236

262,368 262,368

(A)-(B)

Profit & Loss Account Loss as per Profit & Loss Account TOTAL

(97,746)

(238,848)

299,504

240,606

8,800,000

8,600,000

Significant Accounting Policies and Notes 6 to the Accounts Schedules 1 to 6 referred above form an integral part of this Balance Sheet. As per our report of even date attached. For L.B.JHA & CO. CHARTERED ACCOUNTANTS

SATYABRATA PA PARTNER M # 95080 PLACE: NEW DELHI DATED: 10.08.2010

For NEELKAMAL REALTY PRIVATE LIMITED

DIRECTOR

UNIQUE TECHNOBUILD PVT. LTD. BALANCE SHEET AS AT 31ST MARCH. 2010

Schedule

Particulars I. SOURCES OF FUNDS Shareholders Funds Share Capital

1

Reserve Surplus Profit & Loss Account Loan Funds Secured Loan Unsecured Loan

2 3 TOTAL

II. APPLICATION OF FUNDS Fixed Assets Gross Block Less: Depreciation Net Block

AS AT 31.03.2010 (Rupees)

AS AT 31.03.2009 (Rupees)

100,000

100,000

134,342,080

74,232,020

212,552,105 47,052,627 394,046,812

240,041,676

209,497,156 6,772,522 202,724,634

114,080,206 4,123,630 109,956,576

52,177,246

50,241,619

314,373,696

4

Investments

5

Current Assets. Loans and Advances Sundry Debtors Cash and Bank Balances Loans & Advances Total (A)

6

Less: Current Liabilities and Provisions Current Liabilities Provisions Total (B) (A)-(B) Net Current Assets TOTAL

7

11,815,019 1,638,616 186,503,460 199,957,095

2,303,593 192,535,499 194,839,092

30,972,163 29,840,000 60,812,163 139,144,932 394,046,812

22,863,591 17,800,000 40,663,591 154,175501 314,373,696

Significant Accounting Policies and Notes 8 to the Accounts Schedule 1 to 8 referred above form an integral part of this Balance Sheet. As per our report of even date attached. For L.B.JHA & CO. CHARTERED ACCOUNTANTS

For UNIQUE TECHNOBUILD PVT. LTD.

DIRECTOR

SATYABRATA PA PARTNER M # 95080 is

PLACE: NEW DELHI DATED: 10.08.2010

ea AG°

DIRECTOR

ROBINSON REALTY PVT. LTD. BALANCE SHEET AS AT 31ST MARCH, 2010

Schedule

Particulars I. SOURCEB OF FUNDS Shareholdets Funds Share Capital Loan Funds Unsecured Loans

2 TOTAL

AS AT 31.03.2010 (Rupees)

AS AT 31.03.2009 (Rupees)

100,000

100,000

200,000

200,000

300,000

300,000

96,417 96,417

105,555 105,555

13,236 13,236 83,181

6,618 6,618 98,937

216,819

201,063

300,000

300,000

II. APPLICATION OF FUNDS 3

Current Assets. Loans and Advances Cash and Bank Balances Total (A)

4

Less: Current Liabilities and Provisions Current Liabilities Net Current Assets

Total (B) (A)-(B) 5

Miscellaneous Expenditure (To the extent not written off or adjusted) Preliminary & Pre-operative Expenses TOTAL

Significant Accounting Policies and Notes 6 to the Accounts Schedules 1 to 6 referred above form an integral part of this Balance Sheet. As per our report of even date attached. For L.B.JHA & CO. *CHARTERED ACCOUNTANTS ,

SATYABRATA PATI PARTNER

M #95080 PLACE: NEW DELHI DATED: 10.08.2010

For ROBINSON REALTY PVT. LTD.

il/e AA/

DIRECTOR

DIRECTOR

CENTENARY TRADING PVT. LTD. pALANCE SHEET AS AT 31ST MARCH, 2010

Particulars

Schedule

I. SOURCES OF FUNDS Shareholders Funds Share Capital Loan Funds Unsecured Loans

100,000

100,000

2

65,100,000

64,400,000

65,2 00 , 000

64,500,000 =========

64,150,345 213,154 63,937,191

64,150,345 183,342 63,967,003

875,324

154,090

875,324

154,090

9,118 11,737 20,855 854,469

25,868 25,868 128,222

130,787

174,382

277,553

230,393

65,200,000

64,500,000

3

Current Assets. Loans and Advances Cash and Bank Balances

4 Total (A)

Less: Current Liabilities and Provisions Current Liabilities Provision Net Current Assets

AS AT 31.03.2009 (Rupees)

1

TOTAL II. APPLICATION OF FUNDS Fixed Assets Gross Block Less: Depreciation Net Block

AS AT 31.03.2010 (Rupees)

5 Total (B) (A)-(B)

Miscellaneous Expenditure (To the extent not written off or adjusted) Preliminary Expenses

6

Profit & Loss Account As per Profit & Loss Account TOTAL

Accounting Policies and Notes on Accounts form an integral part of the Balance Sheet. As per our report of even date attached. For S.P.SHARMA & ASSOCIATES CHARTERED ACCOUNTANTS FRN - 000744N

(S.P.SHARMA) C.A. PARTNER M No. 15921 PLACE: NEWDELHI DATED: 10.08.2010

For CENTENARY TRADING PVT. LTD.

(DIPANKAR CHATTERJI) DIRECTOR

(AJAY SHARMA) DIRECTOR

'WO INVESTMENTS INT. LTD. 5, SIRI FO,RT ROAD, NEW DELHI -,110049 BALANCE SHEET AS AT MARCH 31, 201p Sch.

Particulars SOURCES OF FUNDS SHAREHOLDERS FUND Share Capital Share Application Money Reserves & Surplus

Amount As At 31.3.2010 (Rupees) (Rupees)

No.

1 2

LOAN FUNDS Unsecured Loans

2,852,000.00 20,000,000.00 3,990,285,60

3

AJPLICATI9N OF FUNDS FIXED ASSETS

Amount As At 31.3.2009 (Rupees) (Rupees)

2,852,000.00 26,842,285.60

4,814,374.27

7,666,374.27

856,592.00

216,592.00

27,693,877.60

7,882,966.27

4

Gross Block Depreciation Met Block

3,479,966.00 535,998.07

114VEST/vIENTS

5

CURRENT ASSETS, LOANS AND ADVANCES Current Assets a) Closing Stock b) Cash & Bank Balances

6

Loans and Advances

7

16

2,729,966.00 261,247.98 2,943,967.93

2,468,718.02

6,096,440.00

396,160.00

1,672,951.36 4,250,775.90

1,843,063.00 944,092.46

12,709,354.00 18,633,081.26

2,378,728.00 5,165,883.46

65,605.00

27,000.00 145,000.00 172,000.00

LESS:- CURRENT LIABILITIES AND PROVISIONS Current Liabilities 8 Provisions

65,605.00 NET CURRENT ASSETS

DEFERRED TAX ASSETS ,nificant Accounting Policies & Notes to the ounts

18,567,476.26

4,993,833.46

90,993.43

24,204.80 .

12 27,698,877.60

7,882,966.27

In terms of our report of even date attached FOR ALZO INVESTMENTS PVT. LTD.

0,u4

Jaz

DIRECTOR Place: New Delhi, Dated:16/08/2010

FOR NATH AHUJA & COMPANY CHARTERED TANTS

Afi DIRECTOR

(N. PROPRI .

M.No.: 080178

NA.KUL SECURITI,ES AMVATE ummp

5, SD2.1 FORT ROAD, NEW DELHI - 110049 BALANCE SHEET AS AT MARCH 31,2010 .,! Sch. Particulars Na SOURCES OF FUNDS SHAREHOLDERS FUND, Share Capital 1 Share Application Money Reserves & Suephis

Amount As At 1.3,2010 (Rupees) (Rupees) 100,000.00 5,016,575.00 691,140.73

DEFERRED TAX LIABILITY LAAN FUNDS linsecured Loans

2

Amount As At 31.3.2009 (Rupees) cRuPee.) 100,000.00 16,515.00 449,163.20

5807715,73

565,738,20

14,01)7.00

15,305.00

40,000.00

20,000.00

APPLICATION OF FUNDS FIXED ASSETS Gross Block Depreciation Net Block _of

3

200,761.90 120,864.66

200,761.90 105,752.02

79,897,24

IMVESTMENTS:

95,009.88

1,000,000.00

cuRRNNT Assrrs, 1,,00s AND ADVANCES

Current Assets a) Closing Stock h) Cash and Bank Balances c) Sundry Debtors

4

Loans and Advances LESS:- curmaa LIABILITIES AND PEOVISIQNS Current Liabilities 5 Provisions NET CURRENT ASSETS

514,000,53 682,467.71

292,365.00 86,885.04 250.03

3,742.011.25 4,998,470.49

330262.25 709,162.32

159.334,00 57 320.00 216,654.00

120,729.00 83,000.00 203,729.00 4,781,825.49 5,861,722.73

=======ft====== Significant Accounting Policies & Notes to the Accounts

506,03342 maws.

8

the Schedules & Notes to Accounts - annexed hereto form an integral part of the Balance Sheet. In terms of our report of even date attached FOR NAKUL SECURITIES PRI VA LIMITED

DIRECTOR Place: New Delhi Dated: 16!03/2010

DIRECTOR

FOR NATH Al CHARTF,

COMP Y

iCq POLDLNGS PRWATE LIMCT D! 5, WI FORT ROAD, NEW DELHI - 110049 BALANCE SHEET AS AT MARCH 31,2010 Sch.

Na.

Particulars

Amount As At 31.3.2010 (Rupees) (Rupees)

Amount As At 31.3.2009

(Rupees)

(Rupees)

SOURCES QF FUNDS

SHAREHOLDERS Eulip Share Capital Share Application Money Reserves & Surplus

100,000.00 5,040,000.00 582 I S2 36

DEFERRED TAX LIABILITY LOAN FUND Ungantlitd140010

2

5,722,152.36

100,000.00 40,000.00 539,277.20

7,249.00

7,663.00

12,03,00

20,000.00 106,940,20

..jfr6rSr4 :'w

Attitzemuzium

679,277.20

3

leir

Gross Block

247,925.60

aepreciation Block

31,658.44

239,175.00 23,867.98

216,266.56

d

DIVESTMENTS

215,307.02

1,000,000.00

cURIOT ASSETS, LOANS ANII-AIMAINKE5

CurentAs

4

a)Closing Stock b)Cash & Bank Balances 0) Sundry Debtors

423,154.50

418,929.85 65,005.12 243.21

3,554 31.00 4,664,636.80

153,Q39,00 ciU,117,18

687,451.30

Loans and Advances

gi:SUBBalltajjanawg2229NEMM Current Liabilities

5

39,984.00 116,500.09, 1.56,Z4 ,o0

78,589.00 78,58 DO

NET CURRENT ASSETS ,weglificant Accounting Policies & Notes to the Accounts

4,586,047.80

491,633.18

5,802,314.36

706,940.20

8

In terms of our report of even date attached FOR BAKUL HOLDINGS PVT. LTD.

DIRECTOR

FOR NATH AH CHARTE

COMPANY TANTS

DIRECTOR

PROPRIETOR Place: New Delhi, Dated: 16/09/2010

M•No.: 080178