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Notes to Accounts of Fraser & Company Ltd.

Mar 31, 2015

1. Payment to Auditors Rs. 25000/- (prev. year- Rs. 1124/-).

2. (i) Expenditure in Foreign Currency Rs. NIL.

(ii) Earnings in Foreign Currency Rs. NIL.

3. Estimated amount of contract remaining to be executed on capital accounts and not provided for - NIL. ( Prev.year – NIL).

4. Contingent liability as on 31/03/2015 - NIL

5. The company has not received any intimation from vendors regarding their status under the Micro Small & Medium Enterprises Act, 2006 and hence disclosures relating to their outstanding amount and interest have not been made.

6. Balances of Sundry Debtors and Sundry Creditors, Advance from customers and advances are subject to confirmation.

7. In the opinion of the Board of Directors, the current Assets, Loans & Advances are approximately of the value stated if realized in the ordinary course of business. The provisions for depreciation and all know liabilities are adequate and not in excess of the amounts reasonably necessary.

8. Previous Year's figures have been regrouped and rearranged wherever necessary to conform to the classification adopted for the current year.

9. No employees of the company are in receipt of or are entitled to receive remuneration more than or equal to the rates prescribed under 217(2A) of the Companies Act,1956.f


Mar 31, 2014

1. Payment to Auditors Rs. 1124/- (prev. year- Rs. 1124/-).

2. (i) Expenditure in Foreign Currency Rs. NIL.

(ii) Earnings in Foreign Currency Rs. NIL.

3. Estimated amount of contract remaining to be executed on capital accounts and not provided for NIL. ( Prev.year - NIL).

4. Contingent liability as on 31/03/2014 - NIL

5. The company has not received any intimation from vendors regarding their status under the Micro Small & Medium Enterprises Act, 2006 and hence disclosures relating to their outstanding amount and interest have not been made.

6. Balances of Sundry Debtors and Sundry Creditors, Advance from customers and advances are subject to confirmation.

7. In the opinion of the Board of Directors, the current Assets, Loans & Advances are approximately of the value stated if realized in the ordinary course of business. The provisions for depreciation and all know liabilities are adequate and not in excess of the amounts reasonably necessary.

8. Previous Year's figures have been regrouped and rearranged wherever necessary to conform to the classification adopted for the current year.

9. No employees of the company are in receipt of or are entitled to receive remuneration more than or equal to the rates prescribed under 217(2A) of the Companies Act,1956.


Mar 31, 2013

Not Available.


Mar 31, 2012

1.1 Certain debit / credit balances have been set-off depending on their similar nature.

1.2

The revised Schedule VI has become effective from 1st April, 2011 for the preparation of financial statements. This has significantly Impacted the disclosure and presentation made In the financial statements.

Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classificatlon/ disclosure.


Mar 31, 2011

A) No Provision has been made in respect of Gratuity accrued and payable under the payment of Gratuity Act, 1972. The Company follows the practice for payment of gratuity on cash basis.

b) Previous year''s figure have been regrouped and re-arranged wherever necessary.

 
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