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Notes to Accounts of Aarya Global Shares & Securities Ltd.

Mar 31, 2014

1. Contingent Liabilities not provided for:

Liabilities in respect of TDS, Income Tax and Service Tax has been accounted for on the basis of respective returns filed with relevant authorities. Additional demand, if any, arising at the time of assessment is accounted for in the year in which the assessment is completed.

2. In the opinion of the board of Directors of the Company, the current assets, loans and advances, if realized in the ordinary course of business, have a realizable value which is at least equal to the value t which these are stated in accounts.

3. There was no employee employed for full year or part of the year who was getting salary in excess of limit laid down under section 217(2A) oftheCompaniesAct, 1956.

4. Related Party Disclosures

Disclosures issued by the Institute of Chartered Accountants of India are given below:

Key Management Personnel Relationships

Bhavesh Makhwana Director

Deepak Rathod Director

Relatives of Key Management Personnel: NIL

5. Deferred Tax Liability: Nil

6. Income and Expenditurein Foreign Currency: Nil (Previous Year Nil)

7. Previous year''s figures have been regrouped/rearranged wherever considered necessary.


Mar 31, 2013

1. Contingent Liabilities not provided for:

Liabilities in respect of TDS, Income Tax and Service Tax has been accounted for on the basis of respective returns filed with relevant authorities. Additional demand, if any, arising at the time of assessment is accounted for in the year in which the assessment is completed.

2. In the opinion of the board of Directors of the Company, the current assets, loans and advances, if realized in the ordinary course of business, have a realizable value which is at least equal to the value t which these are stated in accounts.

3. There was no employee employed for full year or part of the year who was getting salary in excess of limit laid down under section 217(2A) of the Companies Act, 1956.

4. Deferred Tax Liability: Nil

5. Income and Expenditure in Foreign Currency: Nil (Previous Year Nil)

6. Previous year''s figures have been regrouped/rearranged wherever considered necessary.


Mar 31, 2011

1. Contingent Liabilities not provided for: Nil

2. Current Assets

In the opinion of the Board, all current assets, loans and advances have value on realization of an amount equal to the amount at which they are stated in the Balance Sheet.

3. Details of Auditors Remuneration Audit Fees: Rs. 22060/-

4. Provision for Taxation has been made of Rs. and provision for FBT of Rs. in view of the provision of the Income Tax Act, 1961.

5. Balance of Loans, Advances, Deposits are subject to confirmation.

6. Previous year's figures are regrouped / rearranged whenever necessary.

7. Figures are rounded off to the nearest rupee.


Mar 31, 2010

31.03.2010 31.03.2009

i) Contingent Liabilities not provided for in the accounts Nil Nil

ii) Capital Commitment- Estimated cost of contract remaining to be executed on capital account Not provided for: - Rs Nil (Previous Year - Nil)

iii) In the opinion of the Board and to the best of its knowledge and belief the value on realization of current assets, loans & advances in the ordinary course of business would not be less than the amount at which they are stated in the balance sheet.

iv) Previous years figures have been regrouped and/or rearranged wherever considered necessary so as to make them comparable with those of current year.

v) There is no amount due to small scale industrial undertaking at the end of the year.

vi) Sundry Debtors balances are subject to confirmation

vii) Additional information pursuant to the provisions of the part II of Schedule VI of the Companies Act.

a) Particulars Of Capacities And Production - NOT APPLICABLE

b) Particular Of Stocks & Turnover Of Goods

c) Details Of Consumption Of Materials- NOT APPLICABLE

d) Details Regarding Imported And Indigenous Material Consumed- NOT APPLICABLE

e) Value of Imports calculated on CIF basis Dyes Rs. NIL NIL

f) Expenditure in foreign currency Rs. NIL 59930

g) Earning in foreign currency Rs. NIL NIL

viii) Exchange difference in respect of forward contracts to be charge or capitalized in the subsequent period amount to Rs. NIL (P.Y. Rs NIL)

Deferred Tax Asset

Business Losses & Unabsorbed depreciation NIL NIL

NIL NIL

Deferred Tax Liability

Accumulated Depreciation NIL NIL

Net Deferred Tax Balance NIL NIL

ix) Related Party Transactions : NIL

Enterprises where control exists: None

Key Management Personnel: 31.03.2010

- Bhavesh Makwana (Managing Director)

- Deepak Rathod (Joint Managing Director)

- Praveen Rastogi (Non Executive Director) Retired on 13th April, 2010

- Viranchi Trivedi (Non Executive Director)

- Nayan Bhinde (Non Executive Director) Retired on 13th April, 2010

- Sameer Bhatti (Non Executive Director) Retired on 13th April, 2010S

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