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Notes to Accounts of Azure Exim Services Ltd.

Mar 31, 2015

1. Segment

Based on the guiding principles states in Accounting Standard -17 "Segment Reporting", the management does not recognize any distinguishable component of the company that is engaged in providing a an individual products or services. Hence the disclosure requirement of AS-17 issued by the Institute of Chartered Accountants of India in this regard is not applicable.

2. There are no contingent liabilities (Previous year Nil)

19. Sundry Creditors do not include any amount due to small scale undertakings/micro media and small company as no information is available from the creditors as to whether any of them is cover under micro or small enterprises category

3. Previous Year's figures have been regrouped / rearranged wherever necessary


Mar 31, 2013

1. Segment

Based on the guiding principles states in Accounting Standard -17 "Segment Reporting', the management does not rerognbe any distinguishable component of the company that is engaged in providing a an individual products or services. Hence the disclosure requirement of AS-17 issued by the fnstitule of Chartered Accountants of Indie in this regard is not appbcabte.

2. There are no contingent liabilities (Previous year Nil)

3. Sundry Creditors do not include any amount due io small scale undeftakings/mrcro media and smalt company as no information is available from the creditors as to whether any of them is cover under micro or small enterprises category.

4. Previous Veer's figures heve bean regrouped/rearragnged wherever necessary.


Mar 31, 2012

1. In the opinion of the Board, all the assets other than fixed assets and non-current investments have a value on realization in the ordinary course of business at least equal to the amount at which they are stated. The Provision of all known liabilities is

2. Balances of the trade receivables, trade payables, advances and balances of deposits are subject to confirmation, ''¦ reconciliation and adjustments, if any. The management does not expect any material difference affecting the current year''s - financial statements.

3. Segment Information

Based on the guiding principles stated in Accounting Standard - 17 "Segment Reporting", the management does not recognize any distinguishable component of the company that is engaged in providing a an individual products or services. Hence the disclosure requirement of AS - 17 issued by the Institute of Chartered Accountants of India in this regard is not applicable.

4. Related Party Disclosure

There is no related party transactions incurred during the year as per Accounting Standard - 15 "Related Party Disclosure" issued by the Institute of Chartered Accountants of India.


Mar 31, 2010

1. Some of the Sundry Debtors, Sundry Creditors and loans and advances are subject to confirmation and reconciliation. Consequential adjustments thereof, if any, will be given effect into the books of accounts in the year of such adjustments.

2. Contingent Liabilities

There is no contingent liability for the year 2009-10.

3. In the opinion of the Board, the Current Assets, Loans and Advances are approximately of the value stated as realisable in the ordinary course of business. The provisions for all known liabilities are adequate.

4. As on 31st March, 2010, the Company does not owe any amount to any small scale industrial undertaking. The above information has been compiled in respect of the parties to the extent to which they could be identified as Small Scale and Ancillary Undertakings on the basis of the information available with the Company.

5. Segment Information

Basis of preparation: As the Company is engaged in only one Business Segment, there is no reportable Business Segment as per Accounting Standard 17 issued by the Institute of Chartered Accountants of India.

6. Taxes on Income

Provision for Current Income Tax for the year under audit is computed at Rs. 5.50 Lacs [Previous Year Rs. 5.60 Lacs] has been charged to Profit and Loss Account.

7. Related Party Disclosures

There is no related party transactions incurred during the year as per "Accounting Standard - 18: Related Party Disclosures" issued by the Institute of Chartered Accountants of India.

8. None of the employees has been entitled for gratuity under the Provisions of Gratuity Act, 1972 hence no provision is made for the same.

9. Previous year figures have been recast / regrouped wherever necessary to confirm the classification of the current year.

10. Additional information as required under part IV of schedule VI of the Companies Act, 1956 is given herewith.