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Notes to Accounts of Alka Diamond Industries Ltd.

Mar 31, 2015

1. Contingent Liabilities : --- NIL --- --- NIL ---

2. Earnings Per Share (As per AS - 20) --- NIL --- --- NIL ---

v. Taxes on Income

In terms of Accounting Standard 22 on "Accounting for Taxes on Income" as notified by the Companies (accounting standard) Rules, 2006 the Company has recognized Deferred Tax Assets Rs. NIL/- for the year ended 31st March, 2015 in the Profit & Loss A/c.

The accumulated balance in Net Deferred Tax Liability/ (Assets) comprises of:-

3. No Dividend declared in the current year.

4. Disclosure under Micro, Small and Medium Enterprises Development Act, 2006 (MSMED ACT, 2006)

As required to be disclosed under Micro, Small & Medium Enterprises Development Act, 2006 and to the extent such parties are identified on the basis of information available with the Company, there are no Micro enterprises or Small Scale enterprises to whom the Company owes any due which are outstanding for more than 45 days as at 31st March 2015

5. In the opinion of the board any of the current assets, Loan and Advances etc. have value on realization in ordinary course of business at least equal to the amounts at which they are stated.

6. Previous year's figures have been regrouped, rearranged and recast wherever found necessary.

7. Books of Accounts of the Company have been prepared on the basis of details of Corporate Office branch only. Head office (Jaipur) accounts Details were not available with the directors of the company, Hence Head office Account balance has been shown as per last audited statements.

8. The Accumulated Losses of the company as at end of the financial year have resulted in erosion of more than fifty per cent of its net worth.


Mar 31, 2014

1. Contingent Liabilities — NIL — — NIL —

2. Payment against supplies from Small Scale Industrial undertakings are made in accordance with the agreed terms and to the extent ascertained from the available information, there is no overdue amount outstanding for more than 30 days.

3. No Dividend declared in the current year.

4. Balance of Sundry Debtors/Creditors and Loans & Advances are subject to Confirmation/ reconciliation.

5. In the opinion of the board any of the current assets, Loan and Advances etc. have value on realization in ordinary course of business at least equal to the amounts at which they are stated.

6. Previous year''s figures have been regrouped, rearranged and recast wherever found necessary.

7. The company has not revalued import creditors at the exchange rate prevailing at the end of the year and accordingly the creditors are understated and the profit is overstated to the same extent. We are unable to work out the figure as necessary documents were not produced to us.

8. Earning Per Share (As per AS - 20)

In accordance with Accounting Standard 20 - Earnings per Share notified by Companies Accounting standard), Rules, 2006, computation of earning per share is set our below.


Mar 31, 2013

1. Contingent Liabilities : - --- NIL

--- ---

NIL ---

2. Payment against supplies from Small Scale Industrial undertakings are made in accordance with the agreed terms and to the extent ascertained from the available information, there is no overdue amount outstanding for more than 30 days.

3. No Dividend declared in the current year.

4. Balance of Sundry Debtors/Creditors and Loans & Advances are subject to Confirmation/ reconciliation.

5. In the opinion of the board any of the current assets, Loan and Advances etc. have value on realization in ordinary course of business at least equal to the amounts at which they are stated.

6. Previous year''s figures have been regrouped, rearranged and recast wherever found necessary.

7. The Company has not revalued export receivables at the exchange rate prevailing at the end of the year and accordingly the debtors are overstated by Rs 12308245/- (previous year 68.92 Lacs overstated) and the profit overstated to the extent of Rs 12308245/- (Previous Year 68.92Lacs overstated)

8. The company has not revalued import creditors at the exchange rate prevailing at the end of the year and accordingly the creditors are understated and the profit is overstated to the same extent. We are unable to work out the figure as necessary documents were not produced to us.


Mar 31, 2012

1. Payment against supplies from Small Scale Industrial undertakings are made in accordance with the agreed terms and to the extent ascertained from the available information, there is no overdue amount outstanding for more than 30 days.

2. No Dividend declared in the current year.

3. Balance of Sundry Debtors/Creditors and Loans & Advances are subject to Confirmation/ reconciliation.

4. In the opinion of the board any of the current assets, Loan and Advances etc. have value on realization in ordinary course of business at least equal to the amounts at which they are stated.

5. Previous year's figures have been regrouped, rearranged and recast wherever found necessary.

6. The Company has not revalued export receivables at the exchange rate prevailing at the end of the year and accordingly the debtors are overstated by Rs 68,92,362/- (previous year 0.5 Lacs overstated) and the profit overstated to the extent of Rs 68,92,362/- (Previous Year 0.50 Lacs overstated)

7. The company has not revalued import creditors at the exchange rate prevailing at the end of the year and accordingly the creditors are understated and the profit is overstated to the same extent. We are unable to work out the figure as necessary documents were not produced to us.

8. Contingent Liabilities :- --- NIL --- --- NIL ---


Mar 31, 2009

1. Contingent Liabilities :- -- NIL -- -- NIL --

2. Payment against supplies from Smail Scale Industrial undertakings are made in accordance with the agreed terms and to the extent ascertained from the available information, there is no overdue amount outstanding for more than 30 days.

3. No Dividend declared in the current year.

4. Balance of Sundry Debtors/Creditors and Loans & Advances are subject to Confirmation/ reconciliation.

5. The Company has not revalued export receivables at the exchange rate prevailing at the end of the year.

6. In the opinion of the board any of the current assets, Loan and Advances etc. have value on realization in ordinary course of business at least equal to the amounts at which they are stated.

7. Previous years figures have been regrouped, rearranged and recast wherever found necessary.

 
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