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Notes to Accounts of Oscar Global Ltd.

Mar 31, 2014

COMPNAY OVERVIEW

OSCAR GLOBAL LIMITED (here in after referred as ''OGL'' or ''company'') was incorporated in 1990 and is engaged in the business of manufacturing and export of Leather Garments and Accessories for men and women. The company is exporting its goods mainly to the European countries such as Germany, France, Holland etc. The manufacturing facilities are located at Noida, Uttar Pradesh.

Amounts in the financial statements are presented in Rupees and are exact amount unless and otherwise stated in the relevant note

The previous year figures have been re-grouped/classified, wherever necessary to conform to the current period presentation.

1. CONTINGENT LIABILITIES AND COMITMENTS (to the extent not provided for)

Disclosure pursuant to Note No. 6(T) of Schedule VI of the Companies Act, 1956

Particulars As at As at 31 March 2014 31 March 2013 Rs. Rs.

(i) Contingent Liabilities

(a) Claims against the company not acknowledged as debt - -

(b) Guarantees - -

(c) Other money for which the company is contingently liable - -

(ii) Commitments

(a) Estimated amount of contracts remaining to be executed on capital account and not provided for - -

(b) Uncalled liability on shares and other investments partly paid - -

(c) Other commitments (specify nature) - - 2. Contingent liabilities and commitments (to the extent not provided for)

Particulars As at As at 31 March 2014 31 March 2013 Rs. Rs.

(i) Contingent Liabilities

(a) Claims against the company not acknowledged as debt - -

(b) Guarantees - -

(c) Other money for which the company is contingently liable - -

(ii) Commitments

(a) Estimated amount of contracts remaining to be executed on capital account and not provided for - -

(b) Uncalled liability on shares and other investments partly paid - -

(c) Other commitments - -

Total - -

3. Segment information

The company is operating in only one product i.e. leather garments and accessories. Hence there is no need to present financial information segment wise as required by AS-17.


Mar 31, 2013

COMPNAY OVERVIEW

OSCAR GLOBAL LIMITED (here in after ''OGL'' or ''company'') was incorporated in 1990 and is engaged in the business of manufacturing and export of Leather Garments and Accessories for men and women. The company is exporting its goods mainly to the European countries such as Germany, France, Holland etc. The manufacturing facilities are located at Noida, Uttar Pradesh.

1.1 CONTINGENT LIABILITIES AND COMITMENTS

(to the extent not provided for) Disclosure pursuant to

Note No. 6(T) of Schedule VI of the Companies Act, 1956

As at As at Particulars 31 March 2013 31 March 2012

(i) Contingent Liabilities

(a) Claims against the company not acknowledged as debt

(b) Guarantees

(c) Other money for which the company is contingently liable

(ii) Commitments

(a) Estimated amount of contracts remaining to be executed on capital account and not provided for

(b) Uncalled liability on shares andd other investments partly paid

(c) Other commitments (specify nature)

Total

1.2 Segment information

The company is operating in only one product i.e. leather garments and accessories. Hence there is no need to present financial informations segmentwise as required byAS-17.


Mar 31, 2012

COMPNAY OVERVIEW

OSCAR GLOBAL LIMITED (here in after 'OGL' or 'company') was incorporated in 1990 and is engaged in the business of manufacturing and export of Leather Garments and Accessories for men and women. The company is exporting its goods mainly to the European countries such as Germany' France' Holland etc. The manufacturing facilities are located at Noida' Uttar Pradesh.

Amounts in the financial statements are presented in Rupees and are exact amount unless and otherwise stated in the relevant note The previous year figures have been re-grouped/classified' whereever necessary to conform to the current period presentation.

1.1 Contingent liabilities and commitments (to the extent not provided for)

As at As at Particulars 31st March 2012 31st March 2011

(i) Contingent Liabilities

(a) Claims against the company not acknowleged as debt - -

(b) Guarantees

(c) Other Money for which the company is contingently liable - -

(ii) Commitments

(a) Estimated amount of contracts remaining to be executed on capital account and not provided for - -

(b) Other commitments - -

Total - -


Mar 31, 2010

1. Previous year figures have been re-arranged / re-grouped wherever necessary for comparison purposes.

2. There is no pending liability on capital account to be executed.

3. Contingent Liabilities not provided for in the accounts - Nil

4. Balances outstanding to the parties accounts (including personal accounts) as on 31.03.2010 and the squared up accounts during the year are subject to confirmation and reconciliation.

5. The Company is dealing in only one segments i.e. manufacturing of leather garments; hence no separate reporting is required.

6. In view of the carried forward losses, no provision has been made for deferred tax.

 
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