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Notes to Accounts of Econo Trade (India) Ltd.

Mar 31, 2015

1. Terms/Rights Attached to Equity Shares

The Company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share and ranks pari passu.

2. Contingent Liabilities:- Nil

3. Earning in Foreign Exchange:- Nil

4. Expenditure in Foreign Exchange:- Nil

5. NO Provison has been made on accout of leave salary to the credit of employees at the end of the year

6. No provion has been made on account of fall in the market value of quoted Investment held long term as the fall is considered to be temporary in nature as.

7. The Figures of previous Year have been regrouped and/or re arranged whereever necessary

30. The company Is engaged in Business of Non Banking Financial Companies and there is no Separate reportable segment as per Accounting Standard-17 Segment Reporting" Notified by the Companies Accounting Standard Rule, 2006

31. Particulars required to be furnished as per the paragraph 13 of Non Banking Financial (Non Deposit Accepting or Holding ) Companies Prudential norms (Reserve bank) Directions, 2007 issued by the RBI are given as per Annexure Attached Hereto


Mar 31, 2014

1. Previous year figures has been re-arranged or re-cast wherever necessary, however the same are not strictly comparable with that of the current year as the previous year.

2. The Company operates solely in one Geographic Segment only and hence no separate information for Geographic Segment wise disclosure is required.

3. There are no related party transaction during the year.

NOTE :-4 Contingent Liabilities

income Tax Demand Under Appeal- Rs. 7,17,540 ( 2009-2010). The Management believes that the Company has a good case for Success in the matter and therefore no provisions thereagainst is considered necessary.


Mar 31, 2012

1. Previous year figures has been re-arranged or re-cast wherever necessary, however the same are not strictly comparable with that of the current year as the previous year.

 
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