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Nidhi Polyester Ltd. Notes to Accounts, Nidhi Polyester Ltd. Company
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Notes to Accounts of Nidhi Polyester Ltd.

Mar 31, 2010

1. On sale of long term investments, cost of investments sold are credited to Investment account instead of Weighted Average Cost as recommanded in Accounting Standard (AS 13) issued by the Institute of Chartered Accountants of India.

2. As the Company does not have distinguishable business segments, the requirement to give segment reporting as per Accounting Standard (AS 17) on Segment Reporting issued by the Institute of Chartered Accountants of India is not applicable.

3. No related party transactions are identified by the management.

4. Deferred tax liability of Rs. 2,27,733 as on 31-03-10 is in respect of unabsorbed losses and timing difference in claim of depreciation.

5. Balance of debtors, creditors and other advances are subject to confirmation. However, in the opinion of the Board, Current Assests, Loans and Advances have value which on realisation, in the ordinary course of business would atleast be equal to the amount at which they are stated.

6. Previous years figures have been regrouped wherever necessary.

 
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