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Notes to Accounts of Genus Commu-Trade Ltd.

Mar 31, 2012

1. There are no creditors as defined under the Micro, Small and Medium Enterprises Development Act, 2006.

2. In our opinion the current assets, Loans & Advances are approximately of the value stated, if realized in the ordinary course of business. Investment is valued at cost of acquisition.

3. Provision for all known liabilities are adequate and are not in excess of the amount considered reasonably necessary.

4. Expenditure incurred in foreign currency is NIL.

5: As per AS-18, notified in the Companies (Accounting Standards) Rules 2006, there is no related party transaction during the year.

6: Claim against the Company not acknowledge as debts : Rs.Nil

7: Previous year figures have been re-grouped and re-arranged if required making them comparable with current year figures.


Mar 31, 2011

- The Company deals in trading in shares, securities and credit to other parties. There is closing Stock of shares of Rs. 15,10,87,500/- at the close of the year.

- Balance of cash on hand at the end is accepted as certified by the management of the company.

- Balance of sundry Debtors, Creditors, unsecured loans. Loans & advances are subject to the confirmation of parties.

- In view of the insignificant amount of Net deferred tax liability/ net deferred tax asset on the date of balance sheet, no adjustment in this regard has been made.

- The expense of electricity, telephone and maintenance include expense of properties owned by the company and occupied by the directors of the company.

- The figures of the previous year are regrouped or rearranged wherever it is necessary.


Mar 31, 2010

- The Company deals in trading in shares, securities and credit to other parties There is closing Stock of shares of Rs. 217331659/- at the close of the year.

- Balance of cash on hand at the end is accepted as certified by the management of the company.

- Balance of Sundry Debtors, Creditors, Unsecured Loans, Loans & advances are subject to the confirmation of parties.

- In view of the insignificant amount of Net deferred tax liability/ net deferred tax asset on the date of balance sheet, no adjustment in this regard has been made.

- The expense of electricity, telephone and maintenance Include expense of properties owned by the company and occupied by the directors of the company.

- The figures of the previous year are regrouped or rearranged wherever it is necessary.


Mar 31, 2009

1. The company has not employed any employee who was in receipt of remuneration of Rs. 2, 00,000/- or more per month when employed for the year or Rs. 24, 00,000/- or more per year.

2. In the opinion of the board, current assets, loans and advance are approximately of the value stated if realized in the ordinary course of the business. Provision for all known liabilities are adequate and not in excess of amount reasonably necessary.

3. Previous year figures have been regrouped and re-arranged wherever necessary so as to confirm to current year grouping.

4. Closing balance of sundry Creditors, sundry Debtors and advance are subject to confirmation.

5. Related Parties Disclosure;

Related party disclosure is in accordance with the Accounting Standards (AS) 18 on "Related Party Disclosure" notified by Companies (Accounting Standards) Rules, 2006

C. Related party relationship is as identified by Management and related upon by Auditors.

5. Segment Reporting:

Segment Information as required by Accounting Standards (AS) 17 on "Segment Reporting" notified by Companies (Accounting Standards) Rules 2006 is not applicable as company is in the business of one segment only.

6. Deferred Tax:

Company does not have any deferred tax liability.

7. The information required by para 3 & 4 of Part ll of Schedule VI to the Companies Act 1956:-

a. Expenditure in Foreign Currency - Rs, Nil (Previous Year Rs. Nil)

b. Earning in Foreign Currency - Rs. Nil - (Previous year Rs. Nil)

c. Amount remitted during the year in foreign currency - Rs. Nil ( Previous Year Rs. Nil)

d. Previous year figures have been regrouped and re-arranged wherever necessary so as to confirm to current year grouping.

e. The other clauses of the above referred para are not applicable.

8. No further information pursuant to paragraph 4C and 4D of the part II of the Schedule VI of the Companies Act, 1956 is given, as the same does not apply to the company.

9. Company is not contingent liable for any other.

10 The Company does not possess information as to which of its suppliers are ancillary industrial undertakings/small scale industrial undertakings holding permanent registration certificate issued by directorate of Industries of a State of Union Territory. Consequently the liability if any of interest which would be payable under "the interest on Delayed payments to small Scale and Ancillary Industrial Undertaking Act. 1993" cannot be ascertained. However the company has not received any claims in respect of interest.

11. Balance Sheet abstract and companys general business profile as per schedule VI Part (IV) of the Companies Act.

 
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