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Notes to Accounts of Boston Bio Systems Ltd.

Mar 31, 2015

1. Under the Micro, Small and Medium Enterprises Development Act, 2006, certain disclosures are required to be made relating to Micro, Small and Medium Enterprises. The company is in the process of compiling relevant information from its suppliers about their coverage under the said Act. Since the relevant information is not readily available, no disclosure has been made in the accounts. However, in view of the management, the impact of interest, if any, that can be payable in accordance with the provisions of this act is not expected to be material.

2. In the opinion of the management and to the best of their knowledge and belief, the value on realization of loans and advances and other current assets, in the ordinary course of business, will not be less than the amount at which they are stated in the Balance Sheet.

3. Balance of Sundry Debtors, Sundry Creditors, and Loans & Advances are subject to Conformation.

4. Considering the deductions and exemptions available as per the provisions of Income Tax Act, 1961 no provision made in the accounts towards current income tax for the year..

5. Of the total creditors, amount due to Small Scale Industrial Undertaking can not be segregated pursuant to the Notification issued by the Department of Company Affairs, as the necessary information regarding suppliers status is not available with the company.

6. Previous years figures have been regrouped and rearranged wherever necessary. A monetary value at all places, except where other-wise stated, are in terms of rupees.

7. Disclosure of Related Parties/Related Party Transactions:-

A. Relationship:

I Key Management Personals

Name of Related parties Nature of Relationship

Mr. Kushal Rathore Managing Director

Mr. Amit Ashwinbhai Panya Director

Mr. Ramesh Kumar G Dave Director

Mr. Savita Disoja Director

Mr. Ankit Sanjay Disoja Director

Mr. Sanjay Sodani Director & C.F.O.

II Associate Entities : NIL

III Relations of Key Management Personnel: NIL

B. The following transactions were carried out with the related parties' retured in above in the ordinary Course of business:

Particulars Relative of Key Management Personal

Managerial Remunertion & Nil

Sitting Fees Nil

Note:- The company has identified three reportable segments viz. Trading, Brokerage Share Transactions and Others have been identified and reported taking into account nature of products and services, the differing risks and returns internal business reporting systems.

8. Earning per share (EPS) :

In terms of Accounting Standard-20, the calculation of EPS is given below:-

9. The Company has advances certain amount to Various Party. Such advances are outstanding on which interest has not been charged.

10. There is no contingencies liabilities no provision is made.

11. Depreciation has not been provided on assets by the company.

12. As per information and explanation given to us, Long term loan and advances is given for purchase of land so interest is not provided.


Mar 31, 2014

1. Under the Micro, Small and Medium Enterprises Development Act, 2006, certain disclosures are required to be made relating to Micro, Small and Medium Enterprises. The company is in the process of compiling relevant information from its suppliers about their coverage under the said Act. Since the relevant information is not readily available, no disclosure has been made in the accounts. However, in view of the management, the impact of interest, if any, that can be payable in accordance with the provisions of this act is not expected to be material.

2. In the opinion of the management and to the best of their knowledge and belief, the value on realization of loans and advances and other current assets, in the ordinary course of business, will not be less than the amount at which they are stated in the Balance Sheet.

3. Balance of Sundry Debtors, Sundry Creditors, and Loans & Advances are subject to Conformation.

4. Considering the deductions and exemptions available as per the provisions of Income Tax Act, 1961 no provision made in the accounts towards current income tax for the year..

5. Of the total creditors, amount due to Small Scale Industrial Undertaking can not be segregated pursuant to the Notification issued by the Department of Company Affairs, as the necessary information regarding suppliers status is not available with the company.

6. Previous years figures have been regrouped and rearranged wherever necessary. A monetary value at all places, except where other-wise stated, are in terms of rupees.

7. Disclosure of Related Parties/Related Party Transactions:-

A. Relationship:

I Key Management Personals

Name of Related parties Nature of Relationship

Mr. Kushal Rathore Managing Director

Mr. Amit Ashwinbhai Panya Director

Mr. Ramesh Kumar G Dave Director

Mr. Savita Disoja Director

Mr. Ankit Sanjay Disoja Director

II Associate Entities : NIL

III Relations of Key Management Personnel: NIL

B. The following transactions were carried out with the related parties' retured in above in the ordinary Course of business:

Particulars Relative of Key Management Personal

Managerial Remunertion & Nil

Sitting Fees Nil

8. The Company has advances certain amount to Various Party. Such advances are outstanding on which interest has not been charged.

9. There is no contingencies liabilities no provision is made.

10. Depreciation has not been provided on assets by the company.

11. As per information and explanation given to us, Long term loan and advances is given for purchase of land so interest is not provided.


Mar 31, 2013

1) There are no contingent liabilities nor provided for.

2) Depreciation has not been provided on assets by the company.

3) The value of realization of Current Assets, Loans and Advances in the ordinary course of business will not be less than the value at which they are started in the balance sheet.

4) Auditors remuneration is as under : a) Audit fees Rs. 3000/- b) Tax adit fees Rs. NIL/- c) Other matter Rs. NIL

5) The Company has made arrangement of settlement with Guj. State Financial Corporation, Ahmedabad and entire payment of secured loan has been done by the company under a scheme of settlement and there is no outstanding secured loan at the end of the fin. Yr. 11- 12.

6) The additional Information pursuant to the provision of the paragraph 3, 4C, and 4D of Part-II of schedule Vi to the companies Act, 1956 has been furnished to the extend possible and applicable because of the nature of the business of the company.

7) The previous year figure has been regrouped and/or rearranged wherever necessary.


Mar 31, 2012

1) There are no contingent liabilities nor provided for.

2) Depreciation has not been provided on assets by the company.

3) The value of realization of Current Assets, Loans and Advances in the ordinary course of business will not be less than the value at which they are started in the balance sheet.

4) Auditors remuneration is as under :

a) Audit fees Rs. 3000/-

b) Tax adit fees Rs. NIL/-

c) Other matter Rs. NIL

5) The Company has made arrangement of settlement with Guj. State Financial Corporation, Ahmedabad and entire payment of secured loan has been done by the company under a scheme of settlement and there is no outstanding secured loan at the end of the fin. Yr. 11- 12.

6) The additional Information pursuant to the provision of the paragraph 3, 4C, and 4D of Part-II of schedule Vi to the companies Act, 1956 has been furnished to the extend possible and applicable because of the nature of the business of the company.

7) The previous year figure has been regrouped and/or rearranged wherever necessary.

 
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