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Notes to Accounts of Anar Industries Ltd.

Mar 31, 2014

Note 1 CORPORATE INFORMATION

The company is based in Ahmedabad and is primarily involved in trading of Mobile Tracking Devices/ computer hardweres/I.T. Services/Investing.

2. a) Terms/ Rights attached to Equity Shares

The company has only one class of equity shares having par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company.

b) Shares held by holding/ ultimate holding company and/ or their subsidiaries/ associates - NIL

c) Bonus shares issued, shares issued for consideration other than cash and shares bought back during the period of five years immediately preceding the reporting date - NIL

3. The Company has circulated letters to all its suppliers requesting them to confirm whether they are covered under the Micro, Small and Medium Enterprises Act, 2006 (''MSMED''). However from the majority of the suppliers these confirmations are still awaited. Hence disclosure relating to amount unpaid as at the yearend together with interest paid/payable as required under the said act has not been made.

NOTE 4 OTHER DISCLOSURES

a) Sundry Creditors, Receivables and Loans and Advances for which confirmations are yet to be received. Provision for doubtful debts, if any, in respect of above and the consequential adjustments, arising out of reconciliation will be made at the appropriate time. The object & purpose of loans & advances given to various parties is not on record.Interest is also not recovered. The total outstanding of loans & advances exceeding the limit as prescribed u/s 372 of the companies Act, 1956.

b)

In the opinion of the Management and to the best of their knowledge and belief the value under the head of Current and Non Current Assets (other than fixed assets and non current investments) are approximately of the value stated, if realised in ordinary course of business, except unless stated otherwise. The provision for all the known liabilities is adequate and not in excess of amount considered reasonably necessary.

c) a) Contingent liabilities not provided for:

31-03-2014 41,364

In respect of Bills of Exchange Discounted 0 0

b) Estimated amount of contracts remaining to be executed on capital account and not provided for is Rs. Nil (Previous Year - Rs.NIL).

d) The company has reclassified previous year figures to confirm to this year''s classification. The adoption of revised Schedule VI does not impact recognition and measurement principles followed for preparation of financial statements. However, it significantly impacts presentation and disclosures made in the financial statements, particularly presentation of balance sheet.


Mar 31, 2013

Note: 1 CORPORATE INFORMATION

The company is based in Ahmedabad and is primarily involved in trading of Mobile Tracking Devices / Computer Hardwares / I.T. Services / Investment as well as in construction and finance business.

a) I) Sundry Creditors, Receivables and Loans and Advances include certain items for which confirmations are yet to received.

The Company has given long term loans to parties from where Company may get benefit in business in future, hence no interest is charged. Provision for doubtful debts, if any, in respect of above and the consequential adjustments arising out of reconciliation will be made at the appropriate time.

ii) The company has won the matter of I. Tax at ITAT for the A. Y. 2006-07 and now there is no I. Tax liability of I. Tax up to assessment years A.Y.2011-12.

b) In the opinion of the Management and to the best of their knowledge and belief the value under the head of Current and Non Current Assets (other than fixed assets and noncurrent investments) are approximately of the value stated, if realized in ordinary course of business, except unless stated otherwise. The provision for all the known liabilities is adequate and not in excess of amount considered reasonably necessary.

c) The company has reclassified previous year figures to conform to this year''s classification. The adoption of revised Schedule VI does not impact recognition and measurement principles followed for preparation of financial statements. However, it significantly impacts presentation and disclosures made in the financial statements, particularly presentation of balance sheet, assortment principles followed for preparation of financial statements. However, it significantly impacts presentation and disclosures made in the financial statements, particularly presentation of balance sheet.

 
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