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Notes to Accounts of Inertia Steel Ltd.

Mar 31, 2014

1. There are no contingent liabilities.

2. In the opinion of the board, Current Assets are approximately of the value stated if realised in the ordinary course of business. The provision for all known liabilities is adequate and not in excess of the amount considered reasonably necessary.

3. There is no separate reportable segment within the meaning of Accounting Standard 17 issued by Institute of Chartered Accountants of India.

4. Previous Year''s figures have been reworked / regrouped / rearranged / reclassified wherever necessary to make them comparable with those of current year.


Mar 31, 2013

1. There are no contingent liabilities.

2. In the opinion of the board, Current Assets are approximately of the value stated if realised in the ordinary course of business. The provision for all known liabilities is adequate and not in excess of the amount considered reasonably necessary.

3. There is no separate reportable segment within the meaning of Accounting Standard 17 issued bv Institute of Chartered Accountants of India.

4. Previous Year''s figures have been reworked / regrouped / rearranged / reclassified wherever necessary to make them comparable with those of current year.

5. RELATED PARTY DISCLOSURES :

A. List of related parties :

(As certified by the Company)

I. Key Management Personnel

Shri Hari Gopal Joshi Shri Dhanesh B_ Ajmera

Shri Suresh J. Ajmera


Mar 31, 2011

1. Disclosure of related parties / related party transactions :

a) A List of related parties with whom transactions have taken place during the year :

Key Management Personnel :

Shri H.G. Joshi

Shri Suresh J.Ajmera

Shi Dhanesh B Ajmera

b) Disclosure of related party transaction :

Unsecured Loans

Balance as on 01-04-2010 Rs. 19,000/-

Taken during the year NIL

Balance as on 31 -03-2011 Rs. 19,000/-

2. There is no separate reportable segment within the meaning of Accounting Standard 17 issued by Institute of Chartered Accountants of India.

3. Previous years figures have been re-grouped and/or rearranged wherever necessary to make them comparable with those of the current year.


Mar 31, 2010

1. Disclosure of related parties / related party transactions :

a) A List of related parties with whom transactions have taken place during the year: Key Management Personnel:

Shri H.G. Joshi

Shri Suresh J.Ajmera .

Shi Dhanesh B Ajmera

b) Disclosure of related party transaction : Unsecured Loans

Balance as on 01 -04-2009 Rs. 19,000/-

Taken during the year NIL

Balance as on 31-03-2010 Rs.19,000/-

2. There is no separate reportable segment within the meaning of Accounting Standard 17 issued by Institute of Chartered Accountants of India.

3. Previous years figures have been re-grouped and/or rearranged wherever necessary to make them comparable with those of the current year.

The above Cash Flow Statement has been prepared under the "Indirect Method" as set out in Accounting Standard -3 "Cash Flow Statements" issued by the Institute of Chartered Accountants of Figures in brackets indicate Outflows.