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.