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Notes to Accounts of Nidhi Granites Ltd.

Mar 31, 2014

1 NATURE OF OPERATION

The company''s operation is share trading and investment in shares and mutual funds.

2. (a) There is no variation or change in the issued, subcribed and fully paid up equity share capital structure during the year .Therefore, no separate disclosure of reconciliation of the number of equity shares oustanding as at the beginning and at the end of the year is required.

(b) The Company has issued only one class of shares referred to as equity shares having nominal value of Rs. 10/-. The holder of equity shares are entitled to one vote per share.

3. Deferred Tax Liability/Assets have not been provided in the books of accounts as per Accounting Standards AS-22 on Accounting for Taxes on Income issued by the Institute of Chartered Accountants of India

4. Previous year figures have been regrouped and/or rearranged wherever necessary to make them comparable with current year figures.

Figures in brackets indicate figures of previous year.

The Companyis exclusively in the business of Trading and Investing in Shares and Mutual Funds which in the contest of AS 17 on Segment Reporting constitutes a single reportable segment.

As per the management there are no related party transactions. Hence disclosure regarding related party transactions is not given.


Mar 31, 2013

1 NATURE OF OPERATION

The company''s operation is share trading and investment in shares and mutual funds.

2 Previous year figures have been regrouped and/or rearranged wherever necessary to make them comparable with current year figures.

3 Figures in brackets indicate figures of previous year.

4 The Companyis exclusively in the business of Trading and Investing in Shares and Mutual Funds which in the contest of AS 17 on Segment Reporting constitutes a single reportable segment.


Mar 31, 2010

1. All borrowing costs are charged to Profit & Loss a/c, since they are not directly atributable to acquisition, construction or production of qualifying assets.

2. The Company has not provided for deferred tax liability on account of current year depreciation on fixed assets. Deferred tax assets are recognised only if there is a reasonable certainty that sufficient future taxable income will be available against which they can be realised.

 
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