అకౌంట్స్ గమనికలుLila World Wide Ltd.

Mar 31, 2014

1. SHARE CAPITAL

1. Rights, preference and restrictions attached to each class of shares

a. The Company has only one class of equity shares having right as to voting and dividend.

2. OTHER NOTES ON ACCOUNT :

1. CONTINGENT LIABILITIES AS MAY ARISE DUE TO :

(I) DELAYED/NON COMPLIANCE OF VARIOUS FISCAL STATUES- AMOUNT UNASCERTAINABLE

(II) CERTAIN CLAIMS AGAINST THE COMPANY, NOT ACKNOWLEDGED AS DEBTS AMOUNTS - UNASCERTAINABLE

2. BALANCES APPEARING IN SOME ACCOUNTS UNDER THE HEAD SUNDRY DEBTORS, BANK BALANCE, SUNDRY CREDITORS, LOANS & ADVANCES, ARE SUBJECT TO CONFIRMATION AND THEREFORE ADJUSTMENTS, IF ANY, WILL BE MADE IN THE ACCOUNTS ON THE RECEIPT OF SUCH CONFIRMATIONS.

3. THE COMPANY 'S FINANCIAL YEAR FOR THE PURPOSE OF COMPLIANCE WITH THE PROVISIONS OF THE COMPANIES ACT, 1956 ENDS ON 31ST MARCH 2014. THE COMPANY DOES NOT EXCEPT ANY TAXABLE INCOME RELEVANT TO THE PREVIOUS YEAR ENDED ON 31/03/2013 AND THEREFORE, NO PROVISION FOR TAX, IS CONSIDERED NECESSARY, FOR THE SAID YEAR.

4. PREVIOUS YEARS FIGURES HAVE BEEN REARRANGED/GROUPED, WHEREVER NECESSARY.

5. THE COMPANY HAD NOT AMORTISED ITS SHARE ISSUE EXPENSES, REPRESENTED UNDER THE HEAD PRELIMINARY EXPENSES DURING THE YEAR.

6. IN THE OPINION OF THE MANAGEMENT THE CURRENT ASSETS, LOAN AND ADVANCES, ARE EXPECTED TO REALIZE, AT LEAST AT THE VALUE STATED IN THE BALANCE SHEET AND ADEQUATE PROVISION HAVE BEEN MADE, FOR ALL KNOWN LIABILITIES UNLESS OTHERWISE STATED.

7. ADDITIONAL INFORMATION PURSUANT TO PARAGRAPH 3 & 4 OF PART II OF SCHEDULE VI OF THE COMPANIES ACT, 1956 TO THE EXTENT APPLICABLE.

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Jul 31, 2012

1. CONTINGENT LIABILITIES AS MAY ARISE DUE TO :

(I) DELAYED/NON COMPLIANCE OF VARIOUS FISCAL STATUES - AMOUNT UNASCERTAINABLE

(II) CERTAIN CLAIMS AGAINST THE COMPANY, NOT ACKNOWLEDGED AS DEBTS AMOUNTS- UNASCERTAINABLE

2. BALANCES APPEARING IN SOME ACCOUNTS UNDER THE HEAD SUNDRY DEBTORS, BANK BALANCE, SUNDRY CREDITORS, LOANS & ADVANCES, ARE SUBJECT TO CONFIRMATION AND THEREFORE ADJUSTMENTS, IF ANY, WILL BE MADE IN THE ACCOUNTS ON THE RECEIPT OF SUCH CONFIRMATIONS.

3. THE COMPANY'S FINANCIAL YEAR FOR THE PURPOSE OF COMPLIANCE WITH THE PROVISIONS OF THE COMPANIES ACT, 1956 ENDS ON 31ST JULY 2012. THE COMPANY DOES NOT EXCEPT ANY TAXABLE INCOME RELEVANT TO THE PREVIOUS YEAR ENDED ON 31/07/2012 AND THEREFORE, NO PROVISION FOR TAX, IS CONSIDERED NECESSARY, FOR THE SAID YEAR.

4. PREVIOUS YEARS FIGURES HAVE BEEN REARRANGED/GROUPED, WHEREVER NECESSARY.

5. THE COMPANY HAD NOT AMORTISED ITS SHARE ISSUE EXPENSES, REPRESENTED UNDER THE HEAD PRELIMINARY EXPENSES DURING THE YEAR.

6. IN THE OPINION OF THE MANAGEMENT THE CURRENT ASSETS, LOAN AND ADVANCES, ARE EXPECTED TO REALIZE, ATLEAST AT THE VALUE STATED IN THE BALANCE SHEET AND ADEQUATE PROVISION HAVE BEEN MADE, FOR ALL KNOWN LIABILITIES UNLESS OTHERWISE STATED.

Notes :

1. The Cash Flow Statement has been prepared in accordance with the requirements of Accounting Standard - 3 "Cash Flow Statement" issued by the Institute of Chartered Accountants of India.

2. Figures of the previous year have been regrouped/reclassified, wherever necessary.