Mar 31, 2014
1) The previous year''s figures have been reworked, regrouped,
rearranged and reclassified wherever necessary.
2) All the investments made by the company are valued at Cost .
3) Managerial Remuneration: Nil
4) The inventories of the company are valued as per cost price and
market price whichever is less.
5) Deferred tax arising on account of timing difference and which are
capable of reversal in one or more subsequent periods is recognized
using the tax rates and tax laws that have been enacted or
substantively enacted. Deferred tax assets are recognized unless there
is virtual certainty with respect to the reversal of the same in future
years.
6) The revised Schedule VI as notified under the companies Act, 1956,
has become applicable to the company for the presentation of its
financial statements for the year ending March 31,2013. The adaptation
of the revised Schedule VI requirements has significantly modified the
presentation and disclosure which have been complied with in these
financial statements Previous year figures have been reclassified in
accordance with current year requirements.
7) All schedules annexed to and from integral part of the Balance Sheet
and Profit & Loss Account.
8) Minimum Alternative Tax (MAT) is recognized as an asset only when
and to the extent there is convicting evidence that the company will
pay normal income tax during the specified period. The Company reviews
the same at each balance sheet date and writes down the carrying amount
of MAT Credit Entitlement to the extent there is no longer convincing
evidence to the effect that company will pay normal Income Tax during
the specified period.
9) Value of Import on CIF Basis Nil
10) Earnings in Foreign Exchange (FOB Value) Nil
11) Expenditure in Foreign Currency Nil
12) The Company has no employee to whom the provisions of section 217
(2A) of the Companies Act, 1956 are applicable.
Mar 31, 2013
1) The previous year''s figures have been reworked, regrouped,
rearranged and reclassified wherever necessary.
2) Reconcilation of Nos. Of Shares 2012-13 2011-12
Number of Equity Shares at the beginning 10,000 10,000
Add:- Number of Shares Issued 4,050,000
Number of Equity Shares at the end 4,060,000 10,000
3) Below are the name of the shareholders holding more than 5% of
Shares of the company
4) All the investments made by the company are valued at Cost .
5) Managerial Remuneration: Nil
6) The inventories of the company are valued as per cost price and
market price which ever is less.
7) Deffered tax arising on account of timing differeance and which are
capable of reversal in one or more subsequent periods is recognised
using the tax rates and tax laws that have been enacted or
substantively enacted. Deffered tax assests are recognised unless there
is virtual certainty with respect to the reversal of the same in future
years.
8) The revised Schedule VI as notified under the companies Act,1956,
has become applicable to the company for the presentation of its
financial statements for the year ending March 31,2013. The adoptation
of the revised Schedule VI requirements has significantly modified the
presentation and disclosurs which have been complied with in these
financial statements Previous year figures have been reclassified in
accordance with current year requirements.
9) All schedules annexed to and form integral part of the Balance Sheet
and Profit & Loss Account.
10) Minimum Alternative Tax (MAT) is recognised as an asset only when
and to the extent there is convicing evidence that the company will pay
normal income tax during the specefied period. The Company reviews the
same at each balance sheet date and writes down the carrying amount of
MAT Credit Entilement to the extent there is no longer convicing
evidence to the effect that company will pay normal Income Tax during
the specified period.
Mar 31, 2012
1 Contingent Liability
The contingent liabilities, if any. are disclosed In the Notes to
Accounts. Provision is made in the accounts, if it becomes probable
that there will be outflow of resouces for settling the obligation.
2 Events occurring after the balance sheet date
Adjustments to assets and liablities are made for events occurring
after the balance sheet date to provide additional information
materially affecting the determination of the amounts of assets or
liabilities relating to conditions existing at the balance sheet date.
3 Earnings Per Share
Basic earnings per share are calculated by dividing the net profit or
loss for the year/ period attributable to equity shareholders by the
weighted average number of equity shares outstanding during the year/
period.
4 Use of estimates
The preparation of financial statements, In conformity with generaily
accepted accounting principles, requires management to make estimates
and assumptions that affect the reported amounts of assets and
liabilities and the disclosure of contingent assets and liabiiities on
the date of the financial statements and the results of operations
during the reporting year. Actual results could differ from those
estimates. Any revision to accounting estimates is recognised
prospectively in current and future periods.
5 Foreign Currency Transaction
Transactions denominated in foreign currencies are normally recorded at
the exchange rate prevailing at the time of the transaction. Monetary
Items denominated in foreign currencies at the year end are translated
at the rate ruling at the year end rate.
1) The previous year''s figures have been reworked, regrouped,
rearranged and reclassified wherever necessary.
2) All the investments made by the company are valued at Cost.
3) Managerial Remuneration:
4) The inventories of the company are valued as per cost price and
market price which ever is less.
6) Oeffered tax arising on account of timing differeance and which are
capable of reversal in one or more subsequent periods is recognised
using the tax rates and tax Saws that have been enacted or
substantively enacted. Deffered tax assests are recognised unless there
is virtual certainty with respect to the reversal of the same in future
years,
7) The revised Schedule VI as notified under the companies Act,1956,
has become applicable to the company for the presentation of its
financial statements for the year ending March 31,2012. The adoptation
of the revised Schedule VI requirements has significantly modified the
presentation and disciosurs which have been complied with in these
financial statements Previous year figures have been reclassified in
accordance with current year requirements.
8) All schedules annexed to and form Integral part of the Balance Sheet
and Profit & Loss Account.
9) Minimum Alternative Tax (MAT) Is recognised as an asset only when
and to the extent there is convicing evidence that the company will pay
normal income tax during the specefied period. The Company reviews the
same at each balance sheet date and writes down the cairying amount of
MAT Credit Entilement to the extent there is no longer convicing
evidence to the effect that company wiil pay norma! Income Tax during
the specified period.
10) Value of Import on CIF Basis Nil
11) Earnings in Foreign Exchange {FOB Value) Nil
12) Expenditure in Foreign Currency Nil
13) The Company has no employee to whom the provisions of section 217
(2A) of the Companies Act, 1956 are applicable.
Mar 31, 2011
1. Previous year figures have been re-grouped and re-arranged wherever
necessary.
2. No. provision has been made for gratuity as none of the employee of
the company qualifies for gratuity.
3. Balances of Sundry Debtors, Creditors, advances and unsecured loans
are subject to confirmation.
4. Foreign Exchange Earning : NIL Previous Years : NIL
5. Foreign Exchange Expenditure , : NIL Previous Years : NIL
6. Total Expenditure on Employee(s), who were in receipt of
remuneration of not less than Rs. 24, 00,000/- per annum for the year
or Rs. 2 lacs per month employed for part thereof.
Current Year : Nil Previous Year : Nil
Schedule 1 to 5 form integral part of the Balance Sheet and Profit &
Loss Account and have been authenticated as such.