2. Advances include amount given to various parties amounting to Rs. 1830.12 Lacs (Previous year Rs.1829.98 Lacs) process in respect of transfer of title of land is in progress and necessary sale deeds have not been executed so far in favour of the company.

3. An Amount of Rs.1887.92 Lacs(Previous year Rs.1887.91 Lacs) was given to various parties on account of franchise fees and other expenses for acquiring rights of Realogy Corpn. Inc USA for their brand (Century 21 ) which is recoverable in due course of time from its subsidiary century 21 properties India Pvt . Ltd. as and when the rights are transferred to it.

4. Export debtors of merchant trade transactions amounting to ' 14171.29 lacs are overdue for more than nine months. The Company has extended credit from time to time as per market practice. Regular follow up is being done to recover the amount. The management is confident of recovery and hence no provision is considered necessary.

5. Contingent Liabilities not provided for

Particulars                                       Current     Previous
                                                     Year         Year

Bills Discounted with bank since not realized        Nil          Nil

Bank Guarantees/Counter Guarantee issued             Nil          Nil

c)  Estimated amount of contract
remaining to be executed                             Nil          Nil

Letter of Credit un-expired                          Nil          Nil

The company has only one reportable primary segment i.e. sale/purchase of Construction equipments and materials and development/consultancy of real estate and hence no separate segment disclosures made.

7. Related Party Disclosures

As per Accounting Standard 18, the disclosure of transactions with the related parties are given below.

(i) List of related parties with whom transactions have taken place.

S.    Name of the Related Party                          Relationship
No.

1     Alchemist Hill Resorts Limited                       Subsidiary

3     Alchemist Airways Private Limited                    Associates

4     Alchemist Limited                                    Associates

5     Alchemist Foods Limited                              Associates

6     Alchemist Touchnology Limited                        Associates

7     KDS Corporation Private Limited                       Promoters

8     Alchemist Media Limited                              Associates

9     Technology Parks Limited                             Associates

10    Ms. Kaajal Aijaz                         Key Managerial Personal

8 Managerial Remuneration Paid to Kaajal Aijaz Rs. 25.96 (Previous Year Rs.44.50 Lacs)

9 Inter Corporates Loan Paid to Alchemist Hill Resorts Private Limited Rs. 115.11 Lacs(Previous Year Rs. 94.52 Lacs) and Century 21 Properties India Private Limited Rs. 606.01 Lacs(Previous Year Rs. 264.00 Lacs)

10 Inter Corporates Loan Received from KDS Corporation Private Limited Rs. 18973.51 Lacs(Previous Year Rs. 16447.00 Lacs) and Technology Parks Limited Rs. 9683.00 Lacs (Previous Year Rs. 9683.00 Lacs)

11 Revenue from Operation from Alchemist Limited Rs. 19.06 Lacs (Previous Year Rs. 19.76 Lacs )

12 Reimbursement of Expenses include from Alchemist Food Limited Rs.0.88 Lacs (Prev. Year Rs. 0.94 Lacs), Alchemist Limited Rs. 10.79 Lacs (Prev. Year Rs. 18.52 Lacs)Alchemist Touchnology Limited Rs. 7.37 Lacs (Prev. Year Rs. 14.18 Lacs), Alchemist Media Limited Rs. Nil(Prev. Year Rs.3.88 Lacs).

13 Dividend paid to KDS Corporation Private Limited Rs. Nil (Previous Year Rs.33.67 Lacs)

14 Hire charges paid to Alchemist Airways Pvt. Ltd. Rs. 55.69 Lacs (Previous Year Rs. 53.81 Lacs)

15 As per Accounting Standard-28 impairment of Assets, the company has assessed the conditions of all assets used in its operation and is of the opinion that there is no impairment of assets, hence no provision was made.

16 In the opinion of the management current assets, loan and advances are of the value stated, if realized in the ordinary course of business.

17 Assets Taken on Operating Lease

Some of the office premises has been taken on operating lease for a period less than 10 years and are generally renewable at the option of the lessee. The lease Agreements have an escalation clause for renewal of lease. There are no Sub-Leases and leases are generally cancellable in nature.

18 Disclosure of Micro and Small Enterprises(Creditors)

The company is in the process of compiling information from the suppliers regarding their status as Micro/Small Scale Enterprises, so as to disclose the information as required by MSMED Act and Schedule VI of the companies Act relating to Micro, Small and Medium Enterprises. In the absence of confirmed information about the suppliers, it is practically not feasible to state the amount payable to them as on 31st March, 2014.

19 The Balances of debtors and creditors, loan and advances are subject to confirmation and their pending reconciliation. Such balances are reflected in the balance sheet as appearing in the books of accounts.

20 The Ministry of Corporate Affairs, Government of India, vide General Circular No. 2 and 3 dated 8th February 2011 and 21st February 2011 respectively has granted general exemption from compliance with section 212 of the Companies Act, 1956, subject to fulfillment of conditions stipulated in the circular. The Company has satisfied the conditions stipulated in the circular and hence is entitled to exemption. Necessary information relating to the subsidiary is disclosed in the consolidated financial statements.