Mar 31, 2014
1) Notes 1 to 26 forms the integrated part of the Balance Sheet as at
31st March, 2014 and Profit and Loss Account for the year ending on
that date.
2) Estimated amount of contracts remaining to be executed on Capital
Account Rs. NIL (Previous Year Rs.NIL).
3) In the opinion of Board of Directors, the current assets are
approximately of the value stated if realized in the ordinary course of
business. The provisions for depreciation and all known and ascertained
liabilities are adequate and not in excess of the amounts reasonably
necessary.
4) Balances of Unsecured Depositors and Sundry Debtors are subject to
confirmation from respective parties. Provision for doubtful debts if
any, in respect of above and the consequential adjustment, if any
arising out of reconciliation is unascertainable at this stage.
5) Earning/Expenditure in Foreign Currency- Rs. NIL (Previous Year Rs.
NIL)
6) Previous Year's figures have been re-grouped and re-arranged
wherever necessary so as to confirm to current year grouping.
Mar 31, 2013
1. Previous year figures have been regrouped and readjusted wherever
necessary to confirm the current year's classification.
3. Figures have been rounded off to the nearest rupee.
4. No provision for bonus has been made in accounts as the Company does
not estimate any available surplus for bonus during the period.
5. Contingent Liabilities : The liabilities in respect of which the
company is not contigently liable.
6. Claims against the company not acknowledged as debts Rs.Nil
(Previous year Nil)
7. The Balance of Loans & Advances, Sundry Creditors, Deposits, Bank
Balance are subject to confirmation by the parties.
8. Investments :
i) The Physical verification of the shares, records and contract for
purchase of shares could not be verified.
ii) As per the information and explanations given to us the value of
quoted/unquoted shares could not be determined neither the share market
quote was available nor the relevant annual accounts were available for
arriving their intrinsic value.
In absence of such information, the diminutions in value of shares are
placed at 100% for which no provision is made in accounts.
9. i) Advances from Sesar Greenfield International Ltd. amounting to Rs
30,73,837/- as explained to us are free of interest.
ii) The said advances are doubtful of Recovery and has become time
barred for instituting any claim under statute. However no provision is
made for Bad & Doubtful Debts
10. No accounts (both debit & credit) during the year, forming advances
have been mutually set off or adjusted against sundry creditors or
unsecured loans for which no confirmation is available for our
verification. We have relied on the explanation given by the
management.
11. Particulars of expenditure on Employees:
There are no employees who were either in the employment for full year
or part thereof drawing salary exceeding Rs.3.00 lacs per annum or
Rs.25,000/0 per month as the case may be.
12. In the opinion of the Board and to the best of their knowledge and
belief, the value on realization of loans and advances, debtors and
other current assets in the ordinary course of the business will not be
less than the amount at which they are stated in balance sheet read
with the notes attached herewith.
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