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Notes to Accounts of DMC Education Ltd.

Mar 31, 2014

1.1 In the opinion of the Board, all the current assets, loans and advances are approximately of the value stated in the Balance Sheet, if realized in the ordinary course of the business.

1.2 The Company is in process of obtaining confirmation of Balance in respect of Trade Receivables, Trade Payables, Loans and Advances etc. Necessary adjustment, if any, will be made on receipts and reconciliation of such balance. In view of above, such balances are stated as per Books of Accounts only.

1.3 MANAGERIAL REMUNERATION:

Period/Year Ended 31-03-2014 31-3-2013 (Amount in Rs) (Amount in Rs)

1.4 CONTINGENT LIABILITIES: Nil Nil

1.5 SEGMENT REPORTING (AS-17)

As per management, there is only one reportable segment during the year.

1.6 RELATED PARTY INFORMATION (AS-18)

A. Related Party Relationship

i. Associate Company:

ii. Key Management Personnel:

Saroj Gupta (Whole Time Director)

Sham Sunder Gupta (Managing Director)

iii. Companies over which (ii) above has influence:

DMC Institute of Employbility Skills (P) Ltd.

Gupta & Rakesh Associates.

Shark Communications (P) Ltd.

Vsoft Services Pvt Ltd.

1.7 According to the information available with the company, there is no amount due to Micro, Small & Medium Enterprises as at 31st March, 2014.

1.8 Previous year figures have been reclassified & regrouped wherever necessary.


Mar 31, 2013

1.1 In the opinion of the Board, all the current assets, loans and advances are approximately of the value stated in the Balance Sheet, if realized in the ordinary course of the business.

1.2 The Company is in process of obtaining confirmation of Balance in respect of Trade Receivables, Trade Payables, Loans and Advances etc. Necessary adjustment, if any, will be made on receipts and reconciliation of such balance. In view of above, such balances are stated as per Books of Accounts only.

1.3 CONTINGENT LIABILITIES: Nil Nil

1.4 SEGMENT REPORTING (AS-17)

As per management, there is only one reportable segment during the year.

1.5 RELATED PARTY INFORMATION (AS-18)

A. Related Party Relationship

i. Associate Company:

Vsoft Services (P) Ltd

ii. Key Management Personnel:

Saroj Gupta (Whole Time Director) Sham Sunder Gupta (Managing Director)

iii. Companies over which (ii) above has influence:

DMC Institute of Employbility Skills (P) Ltd. Gupta & Rakesh Associates. Shark Communications (P) Ltd.

1.6 According to the information available with the company, there is no amount due to Micro, Small & Medium Enterprises as at 31st March, 2013.

1.7 Previous year figures have been reclassified & regrouped wherever necessary.


Mar 31, 2012

1.1 In the opinion of the Board, all the current assets, loans and advances are approximately of the value stated in the Balance Sheet, if realized in the ordinary course of the business.

1.2 The Company is in process of obtaining confirmation of Balance in respect of Trade Receivables, Trade Payables, Loans and Advances etc. Necessary adjustment, if any, will be made on receipts and reconciliation of such balance. In view of above, such balances are stated as per Books of Accounts only.

1.3 CONTINGENT LIABILITIES: Nil Nil

1.4 SEGMENT REPORTING (AS-17)

As per management, there is only one reportable segment during the year.

1.5 RELATED PARTY INFORMATION (AS-18)

A. Related Party Relationship

i. Associate Company:

Not Applicable

ii. Key Management Personnel:

Saroj Gupta (Whole Time Director) Sham Sundar Gupta (Managing Director) Ravi Saini (Additional Director) Babulal Vijay (Director)

iii. Companies over which (ii) above has influence:

Not Applicable

1.6 Information pursuant to part II of the Companies Act 1956:

i) No of employees who are in receipt of remuneration of Rs. 60,00,000/- or more if employed full year or Rs. 5,00,000/- or more per month if employed for part of the year. Nil ( Previous year Nil )

ii) Earning in Foreign Currency Nil ( Previous year Nil )

iii) Expenditure in Foreign Currency Nil ( Previous year Nil )

1.7 According to the information available with the company, there is no amount due to Micro, Small & Medium Enterprises as at 31st March, 2012.

1.8 Previous year figures have been reclassified & regrouped wherever necessary.

 
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