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Notes to Accounts of Creative Merchants Ltd.

Mar 31, 2015

1 Balances of certain debtors, creditors, loans and advances are subject to confirmation.

2 In the opinion of the Management current assets, loans and advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated except where indicated otherwise.

3 RELATED PARTY DISCLOSURES

In accordance with the Accounting Standards (AS-18) on Related Party Disclosures, where control exists and where key management personnel are able to exercise significant influence and, where transactions have taken place during the year, alongwith description of relationship as identified, are given below:-

A) Relationships

1) Key Management Personnel

2) Associates / Enterprises over which key management personnel are able to exercise significant influence


Mar 31, 2014

1. Previous year figures have been re-grouped and rearranged wherever necessary for proper presentation of accounts.

2. Sundry debit and credit balances of loans and advances are subject to confirmation and Bank Balances as per reconciliation, if any. As per view of management the same are shown at realizable value and necessary precaution of actual and realizable value has been taken care of.

3. As informed to us, there are no contingent liabilities as on Balance Sheet Date.

4. Auditors Remuneration relating to audit work Rs.21,100/- (P.Y. Rs.1500/-) is provided at the end of year.

5. As informed to us there are no estimated amounts of contracts remaining to be executed on Capital Amount.

6. Company has no fixed Assets at the end of financial year.

7. As certified by the management of the Company, all amounts in the Balance Sheet relating to Sundry Debtors, Sundry Creditors, Unsecured Loans, Deposits, Loans and advances are shown at net realizable or net payable as the case may be.

8. As Certified by Company that it has received written representation from All the Directors, that Companies in which they are Directors had not defaulted in terms of section 274(1)(g) of the Companies Act,1956, and that representation of Directors taken in Board that no Director is disqualified from being appointed as Director of the Company.

9. Income in Foreign Currency is NIL.

10. Expenditure in Foreign Currency is NIL.

11. Share Application Money Account and Share Allotment are Subject to reconciliation.

12. Number of employees who were:

(a) Employed throughout the year and were in receipt of remuneration of Rs. 60,00,000/- per annum or more are nil. (Previous Year Nil)

(b)Employed for part of the year and were in receipt of remuneration of Rs 5,00,000/ -per month or more are nil. (Previous Year Nil)

13. Particulars of licensed Capacity or Production Capacity is not applicable to the Company.

As per our Auditor''s report of even date attached herewith.


Mar 31, 2013

Note As at 31st March, As at 31st March, N0 2013 Amount ('') 2012 Amount ('')

1 Contingent liabilities and commitments (to the extent not provided for)

Contingent liabilities

Sales Tax Demand 0 0

Income tax Demand 0 0

Total 0 0

2. Previous year figures have been re-grouped and rearranged wherever necessary for proper presentation of accounts.

3. Sundry debit and credit balances of loans and advances are subject to confirmation and Bank Balances as per reconciliation, if any. As per view of management the same are shown at realisable value and necessary precaution of actual and realisable value has been taken care of.

4. As informed to us, there are no contingent liabilities as on Balance Sheet Date.

5. Auditors Remuneration relating to audit work Rs.1500/- (P.Y. Rs.1500/-) is provided at the end of year.

6. As informed to us there are no estimated amounts of contracts remaining to be executed on Capital Amount.

7. Management of the Company has physically verified the Fixed Assets and Investments in the Form of Shares and no discrepancy were found in Books and physical existence of Assets and Investments.

8. As Certified by the Directors all amounts in the Balance Sheet relating to Sundry Debtors, Sundry Creditors, Unsecured Loans, Deposits, Loans and advances are shown at net realisable or net payable as the case may be.

9. As Certified by Company that it has received written representation from All the Directors, that Companies in which they are Directors had not defaulted in terms of section 274(1)(g) of the Companies Act,1956, and that representation of Directors taken in Board that no Director is disqualified from being appointed as Director of the Company.

10. Income in Foreign Currency is NIL.

11. Expenditure in Foreign Currency is NIL.

12. No Transaction has been made except filing of Statutory papers to concerned authorities.

13. As per information & Explanation given to us the shares for which allotment cum call money has not paid is under the process of forfeiture.

14. Share Application Money Account and Share Allotment are Subject to reconciliation.

15. No employee is getting any remuneration.

16. No quantitative details are possible in absence of Commercial Activities during the year.

17. No information relating to licensed Capacity or Production Capacity is available at this stage.

18. No Status Change is occurred during the year in the matter of GLFL Loan.


Mar 31, 2012

1. Previous year figures have been re-grouped and rearranged wherever necessary for proper presentation of accounts.

2. Sundry debit and credit balances of loans and advances are subject to confirmation and Bank Balances as per reconciliation, if any. As per view of management the same are shown at realisable value and necessary precaution of actual and realisable value has been taken care of.

3. As informed to us, there are no contingent liabilities as on Balance Sheet Date.

4. Auditors Remuneration relating to audit work Rs.1500/- (P.Y. Rs.1500/-) is provided at the end of year.

5. As informed to us there are no estimated amounts of contracts remaining to be executed on Capital Amount.

6. Management of the Company has physically verified the Fixed Assets and Investments in the Form of Shares and no discrepancy were found in Books and physical existence of Assets and Investments.

7. As Certified by the Directors all amounts in the Balance Sheet relating to Sundry Debtors, Sundry Creditors, Unsecured Loans, Deposits, Loans and advances are shown at net realisable or net payable as the case may be.

8. As Certified by Company that it has received written representation from All the Directors, that Companies in which they are Directors had not defaulted in terms of section 274(1)(g) of the Companies Act,1956, and that representation of Directors taken in Board that no Director is disqualified from being appointed as Director of the Company.

9. Income in Foreign Currency is NIL.

10. Expenditure in Foreign Currency is NIL.

11. No Transaction has been made except filing of Statutory papers to concerned authorities.

12. As per information & Explanation given to us the shares for which allotment cum call money has not paid is under the process of forfeiture.

13. Share Application Money Account and Share Allotment are Subject to reconciliation.

14. No employee is getting any remuneration.

15. No quantitative details are possible in absence of Commercial Activities during the year.

16. No information relating to licensed Capacity or Production Capacity is available at this stage.

17. No Status Change is occurred during the year in the matter of GLFL Loan. As per our Auditor''s report of even date attached herewith.


Mar 31, 2011

1. Contingent Liabilities not provided for NIL (Previous Year NIL).

2. Estimated amounts of contract remaining to be executed on capital Account Nil (Previous Year NIL)

3. Administrative and other expense include audit Remuneration Rs. 1500 (Previous Year Rs. 1500) paid / payable to the auditor of the Company.

4. The Company has neither paid / nor made provision for listing fee payable for the year, to the stock exchanges where the shares of the Company are listed.

5. Previous years'' figures have been regrouped / rearrange wherever necessary to confirm to current years classification.

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