Mar 31, 2014
1. Balance of Deposit, Loans & Advances and others are subject to
confirmation. However, in the opinion of the management these accounts
will fetch the mount as stated in the books of account on realisation
in the ordinary course of business.
2. In the opinion of the management and to the best of their
knowledge and belief, the aggregate value of the current assets and
loans & advances, on realization in the ordinary course of business,
will not be less than the amount at which they are stated in the
balance sheet.
3. Related Party Disclosures have been set out as below. The related
parties , as defined by Accounting Standard 18 related party
disclosure, issued by Institute of chartered Accountants of India .In
respect of which the disclosures have been made , have been identified
on the basis of information available with the company .
4. Previous year figures have been reworked, recast/re-stated to
confirm to the classification of the Current year.
Mar 31, 2013
1. CONTINGENT LIABILITIES
- Contingent liability that may arise due to delayed / non-compliance
of certain fiscal statutes amount unascertainable.
- The company has not provided for gratuity , privilege leave and other
retirement benefits as the company has follows the practice of
accounting for the retirement benefits as and when paid . This not in
accordance with accounting standards -15 issued by the Institute of
Chartered Accountants of India. The extent of non compliance in value
is not ascertainable and material.
- No Provision for Interest has been made on the Secured Loan given by
Dena Bank as the matter is in litigation and the same shall be
accounted on the setdement of case The extent of value is not
ascertainable..
2. Balance of Sundry Debtors, Sundry Creditors, Trade Deposit, Loans
& Advances and others are
subject to confirmation. However, in the opinion of the management
these accounts will fetch the amount as stated in the books of account
on realisation in the ordinary course of business.
3. No impairment loss has been booked in the books of accounts due to
recoverable amount (higher of an asset''s net selling price and its
value in use) is higher than carrying amount of asset as per the
Directors of company.
4. In the opinion of die management and to the best of their
knowledge and belief, the aggregate value of the current assets and
loans & advances, on realization in the ordinary course of business,
will not be less than the amount at which they are stated in the
balance sheet.
5. The Company has generally complied with the direction issued by
Reserve Bank of India and provisions of section 58A of die Companies
Act, 1956. The policy of provisioning for Non  performing Loans and
Advances has been decided by the management considering prudential
norms prescribe by the Reserve Bank of India
6. These financial Statements have been prepared in the format
prescribed by the Revised Schedule VI to the Companies Act, 1956.
Previous year figures have been reworked, recast/re-stated to confirm
to the classification of the Current year.
Mar 31, 2012
1. CONTINGENT LIABILITIES
- Contingent liability that may arise due to delayed / non-compliance
of certain fiscal statutes amount unascertainable.
- The company has not provided for gratuity , privilege leave and other
retirement benefits as the company has follows the practice of
accounting for the retirement benefits as and when paid . This not in
accordance with accounting standards -15 issued by the Institute of
Chartered Accountants of India. The extent of non compliance in value
is not ascertainable and material.
- No Provision for Interest has been made on the Secured Loan given by
Dena Bank as the matter is in litigation and the same shall be
accounted on the setdement of case The extent of value is not
ascertainable..
2. Balance of Sundry Debtors, Sundry Creditors, Trade Deposit, Loans
& Advances and others are subject to confirmation. However, in the
opinion of the management these accounts will fetch the amount as
stated in the books of account on realisation in the ordinary course of
business.
3. No impairment loss has been booked in the books of accounts due to
recoverable amount (higher of an asset's net selling price and its
value in use) is higher than carrying amount of asset as per the
Directors of company.
4. In the opinion of the management and to the best of their
knowledge and belief, the aggregate value of the current assets and
loans & advances, on realization in the ordinary course of business,
will not be less than the amount at which they are stated in the
balance sheet.
5. The Company has generally complied with the direction issued by
Reserve Bank of India and provisions of section 58A of the Companies
Act, 1956. The policy of provisioning for Non à performing Loans and
Advances has been decided by the management considering prudential
norms prescribe by the Reserve Bank of India
6. Related Party Disclosures have been set out as below. The related
parties , as defined by Accounting Standard 18 related party
disclosure, issued by Institute of chartered Accountants of India .In
respect of which the disclosures have been made , have been identified
on the basis of information available with the company .
7. These financial Statements have been prepared in die format
prescribed by die Revised Schedule VI to the Companies Act, 1956.
Previous year figures have been reworked, recast/re-stated to confirm
to the classification of the Current year.
Mar 31, 2011
1. The Company has generally complied with the directions issued by
the Reserve Bank of India and provisions of section 58A of the
Companies Act, 1956.
2. Contingent Liabilities :Nil (Previous Year - NIL)
3. Contingent Liabilities that may arise due to delayed/non Compliance
of certain fiscal Statuaries amount unascertainable.
4. The Company has not provided for gratuity, privilege leave and other
retirement benefits as the company follows the practice of accounting
for the retirement benefits as and when paid. This is not in accordance
with the Accounting standard-15 issued by the Institute of Chartered
Accountants of India. The extent of non compliance in value term is
not ascertainable and material.
8. Related Party Disclosures have been set out as below. The related
parties , as defined by Accounting Standard 18 related party
disclosure, issued by Institute of chartered Accountants of India .In
respect of which the disclosures have been made , have been identified
on the basis of information available with the company .
9. In the opinion of the management and to the best of their knowledge
and belief, the aggregate value of the current assets and loans &
advances, on realization in the ordinary course of business, will not
be less than the amount at which they are stated in the Balance Sheet.
10. Balances under the head Sundry Debtors, Creditors, Loans & Advances
and other are subject to confirmation with respective parties and
necessary adjustments and/or proper classification thereof, if any,
will be made on its reconciliation and/or settlement
11. No Provision for Interest has been made on the Secured loan given
by Dena Bank as the matter is in litigation and the same shall be
accounted for on cash basis on settlement of case.
11. Payment made to the auditors for the year ended as on 31.03.2011
for Rs.16545/- (2009-2010 Rs. 16545/-).
12 Previous year figures have been regrouped and rearranged, wherever
considered necessary so as to make them comparable.
Mar 31, 2010
1. The Company has generally complied with the directions issued by
the Reserve Bank of India and provisions of section 58A of the
Companies Act, 1956.
2. Contingent Liabilities nil (Previous Year - NIL)
3. Contingent Liabilities that may arise due to delayed/non Compliance
of certain fiscal Statuaries amount un ascertainable.
4. The Company has not provided for gratuity, privilege leave and
other retirement benefits as the company follows the practice of
accounting for the retirement benefits as and when paid. This is not in
accordance with the Accounting standard-15 issued by the Institute of
Chartered Accountants of India. The extent of non compliance in value
term is not ascertainable and material.
5. In the opinion of the management and to the best of their knowledge
and belief, the aggregate value of the current assets and loans &
advances, on realization in the ordinary course of business, will not
be less than the amount at which they are stated in the Balance Sheet.
6. Balances under the head Sundry Debtors, Creditors, Loans &
Advances and other are subject to confirmation with respective parties
and necessary adjustments and/or proper classification thereof, if any,
will be made on its reconciliation and/or settlement
7.Payment made to the auditors for the period ended as on 31.03.2010
for Rs.15500/- (2008-2009 Rs. 15500/).
8 Previous years figures have been regrouped and rearranged, wherever
considered necessary so as to make them comparable.