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Notes to Accounts of Omansh Enterprises Ltd.

Mar 31, 2015

1.1 Compliance with Accounting Standards

(i) Related Party Transaction

During the financial year, the Company has not entered into transaction with related parties.

(ii) As per Accounting Standard 22 on accounting for taxes on Income issued by Institute of Chartered Accountants of India, the Company has not accounted for asset/liability for the year as the amount involved was not material.

1.2 Earning Per Share

Basic & Diluted EPS is 0.01

Basic earning per equity share has been computed by dividing net profit after tax by the weighted average number of equity shares outstanding during the period. There are no potential equity shares outstanding and as such the Diluted earning per share is same as basic earning per share.

1.3 Amortisation of Preliminary Expenses

The Preliminary Expenses are amortised over a period of 5 years in equal instalment as per the provision of Section 35B of the Income Tax Act, 1961. The fees paid to the Bombay Stock Exchange for the Direct Listing of the Securities of the Company has been categorized as Preliminary Expenses and will be amortised over a period of 5 years.

1.4 Other Information

Previous year figures heve been rearranged/regrouped, wherever necessary, to comply with the disclosure requirements of Revised Schedule VI of the Companies Act, 1956.

Sundry Debit and Credit Balance are subject to confirmation.


Mar 31, 2013

Previous year figures have been rearranged/regrouped to comply with the disclosure requirements of (i) Revised Schedule VI of the Companies Act, 1956 wherever necessary.

i Sundry Debit and Credit Balance are subject to confirmation.

ii The unsecured loan have been taken on interest free basis.


Mar 31, 2012

Previous year figures have been rearranged/regrouped to comply with the disclosure requirements of

i Revised Schedule VI of the Companies Act, 1956 wherever necessary.

ii Sundry Debit and Credit Balance are subject to confirmation.

iii The unsecured loan have been taken on interest free basis.

 
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