Notes to Accounts of Kyra Landscapes Ltd.

Mar 31, 2014

Not Available.

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Mar 31, 2013

1 Contingent Liabilities & Provision :

(i) Contingent Liabilities : NIL

(ii) Provision : Provision for tax has been made in accordance with Income Tax Rules.

2 Details of Auditor * s Remuneration:

a) as an auditor

Audit fees : Rs.50,0007-

I ncome tax matters : NIL

3 Provision for Current & Deferred Tax:

Provision for current tax is made after taking into consideration benefits admissible under the provision of the Income Tax Act, 1961. Deferred tax resulting from "timing difference" between taxable and accounting income is accounted for using the tax rates and laws that are enacted or substantively enacted as on the balance sheet date.

4 The Directors have decided to declare a proposed dividend of Rs. 0.20 per share.

5 Balances of Loans, Advances, Deposits are subject to confirmation

6 Previous year''s figures are regrouped/ rearranged wherever necessary

7 Figures are rounded off to the nearest rupee.

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Mar 31, 2012

1 Contingent Liabilities & Provision :

(i) Contingent Liabilities : NIL

(ii) Provision : Provision for tax has been made in accordance with Income Tax Rules.

2 Preferential Issue of Equity Shares:

During the year the company has made a preferential issue of 88,55,000 equity shares of Rs. 10/- each at a share premium of Rs.4/- to investors who have Subscribed the issue for investing in real estate and infra projects with the aim of maximizing the returns to the shareholders.

3 Details of Auditor's Remuneration :

a) as an auditor

Audit fees : Rs. 15,000/- Income tax matters : NIL

4 Provision for Current & Deferred Tax:

Provision for current tax is made after taking into consideration benefits admissible under the provision of the Income Tax Act, 1961. Deferred tax resulting from "timing difference" between taxable and accounting income is accounted for using the tax rates and laws that are enacted or substantively enacted as on the balance sheet date.

5 Balances of Loans, Advances, Deposits are subject to confirmation

6 Previous year's figures are regrouped / rearranged wherever necessary

7 Figures are rounded off to the nearest rupee.

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Mar 31, 2009

Current Year Previous Year

1) Contingent liabilities not provided for NIL NIL

2) In the opinion of the Directors:

a) The current assets, Loans and advances are approximately of the value stated, if realized in the ordinary course of business.

b) The provisions for all known liabilities are adequate and not in excess of the amount reasonably necessary.

i. Deferred Tax

The company has not created deferred tax assets in respect of brought forward losses on prudence basis in accordance with Accounting Standard-22 Accounting for taxes on Income as no certainty in respect of future profitability of the company.

II. Depreciation.

The company does not have any fixed assets during the year under audit.

Additional information required under Para 3, 4-C and 4-D in part II of schedule VI of the Companies Act, 1956. (As certified by the managing Director and upon by the Auditors) is NIL.

Previous years figures have been regrouped and rearranged wherever considered necessary to make them comparable with the current year figures.