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Notes to Accounts of Alstone Textiles (India) Ltd.

Mar 31, 2015

Note : 1

The company has only one class of equity Shares having Par Value of Rs 10 per Share. All these Shares have Same right & preferences with respect to payment of dividend, repayment of Capital & Voting.

Note : 2

Previous years figures have been reworked, regrouped, & reclassified wherever necessary to confirm to the current year presentation.

Note : 3

Balance standing to debit & credit of parties are subject to confirmation.

Note : 4

As per AS-13, all long term investments are to be carried at cost less diminution in the value except for temporary diminution.

Note : 5

As per the Provision of AS-2, Accounting of Inventories, Stock in trade should be valued at cost or market price whichever is lower, so that the company has valued it's currently purchased all stock in trade at less value that is cost.

Note : 6

The company's business activity falls within single primary/ secondary business segment trading in fabric & textiles viz. . The disclosure requirement of Accounting standard (AS) -17 "Segment Reporting "issued by the Institute of chartered Accountants of India, therefore is not applicable.

Note : 7

Related Party Disclosure:

As per Accounting Standard 18 on related Party disclosure issued by the Institute of chartered Accountants of India, there is no related party transaction recognized during the year.

Note : 8

Payment to Auditor 2014-2015 2013 -2014

Audit Fee 6,742/- 4,494/-

Note : 9

There are no micro, Small and Medium Enterprises, to whom the Company owes dues which outstanding for more than 45 days as at 31st March 2015. This information as required to be disclosed under the micro, small and medium Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with company.

 
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