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Notes to Accounts of Golden Carpets Ltd.

Mar 31, 2014

1. Contingent Liabilities and commitments - (AS-29):

i) Guarantees and letters of credit: Nil

ii) Bank Guarantees: Rs. Nil

2. Other Disclosures:-

a) The Previous year''s figures have been regrouped and recast wherever necessary to bring them in line with the current year''s figures.


Mar 31, 2013

1. The value of Inventory is considered based on the valuation made by the Management

2. Sundry Debtors, Sundry Creditors and Advances are subject to the confirmation from the respective parties.

3. Sales Income includes trading of goods, which excludes duties and taxes. The sales are recognized only in the basis of goods dispatched and invoices raised.

4. Deferred Tax Liability has been reviewed and necessary adjustments made, during the current financial year and deferred Tax asset/liability was considered as per the provisions of AS-22.

5. There were no dues repayable to small/medium scale industries for the year ending 31.03.2013.

6. Details of sales, raw materials and components consumed capacities and production.

7. Figures have been rounded off to nearest rupee.

8. Schedule 1 to 14 form an integral part of the Balance Sheet and have been duly authenticated.

9. Figures of previous year have been regrouped wherever necessary to conform to the current year''s presentation/classification.


Mar 31, 2012

1. The value of Inventory is considered based on the valuation made by the Management.

2. Sundry Debtors, Sundry Creditors and Advances are subject to the confirmation from the respective parties.

3. Sales Income includes trading of goods, which excludes duties and taxes. The sales are recognized only in the basis of goods dispatched and invoices raised.

4. Deferred Tax Liability has been reviewed and necessary adjustments made, during the current financial year and deferred Tax asset/liability was considered as per the provisions of AS-22.

5. There were no dues repayable to small/medium scale industries for the year ending 31.03.2012.

6. Details of sales, raw materials and components consumed capacities and production.

7. Figures have been rounded off to nearest rupee.

8. Schedule 1 to 14 form an integral part of the Balance Sheet and have been duly authenticated.

9. Figures of previous year have been regrouped wherever necessary to conform to the current year's presentation/classification.


Mar 31, 2010

1. The value of Inventory is considered based on the valuation made by the Management.

2. Sundry Debtors, Sundry Creditors and Advances are subject to the confirmation from the respective parties.

3. Sundry Debtors include Rs.l 5,73,196 /- include of Rs. 15,27,596/- which are more than six months and in the opinion of the management the debts are considered good and hence no provision for doubtful debts is made.

4. Other liabilities under the head Current Liabilities include an amount of Rs. 67,59,307/- due to the Directors & Promoters on which no interest is provided.

5. The liability for Expenses consists of provisions of Rs. 2,91,968/- made for the expenses etc. payable as on 31.03.2010.

6. Sales Income includes trading of goods, which excludes duties and taxes. The sales are recognized only in the basis of goods dispatched and invoices raised.

7. Deferred Tax Liability has been reviewed and necessary adjustments made, during the current financial year and deferred Tax asset/liability was considered as per the provisions of AS-22.

8. There was no dues repayable to small/medium scale industries for the year ending 31.03.2010.

9. Figures have been rounded off to nearest rupee.

10. Schedules 1 to 14 form an integral part of the Balance Sheet and have been duly authenticated.

11. Figures of previous year have been regrouped wherever necessary to conform to the current years presentation/classification.

 
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