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Notes to Accounts of Pagaria Energy Ltd.

Mar 31, 2014

1. The Key management personnel are the directors, whose names are mentioned in the Corporate Governance Report.

2. The Major components of Deferred Tax Liability arising on account of timing difference are Depreciation: Rs.153, 274/- (P.Y Rs. 103,300/-)

3. The Company is operating in Single business segment; therefore requirement with regard to segmental reporting as per AS-17 is not applicable to the Company. The Company operates mainly in Indian Market and there is no reportable geographical segment.

4. Earning Per Share

Earnings per share are calculated by dividing the profit attributable to the equity shareholders by the number of equity shares outstanding during the year, as under:

5. In the opinion of the Board, all the current assets, loans and advances have a value on the realization in the ordinary course of business at least equal to the amount stated in the Balance Sheet and all the known liabilities have been provided for.

6. Related Party Disclosure A. List of Related Parties

i) Key Managerial Personnel

Rajesh Kumar Pagaria, Managing Director Ranjit Singh Pagaria , Non Executive Director Jaydeb Mondal, Non Executive Director Manash Bose, Non Executive Director

ii) Enterprises in which Key Managerial Personnel have significant influence:

Bengal Barge P. Ltd.

Bhawana Impex P. Ltd.

Bird Aviation Ltd.

Kargil Steel P. Ltd.

RSP Business P. Ltd.

Shivshankar Vanijya P. Ltd.

Sri Anand Vinayak Coal Filed Ltd.

Super Entertainment P. Ltd.

Zebra Consultancy P. Ltd.

Zebra Infrastructure P. Ltd.

Zebra Mining P. Ltd.

Pagaria Power P Ltd.

Pagaria Properties P. Ltd.

B. The List of related parties and nature including amount of their transaction have been taken place during the year are given below:

7. Debit and Credit Balances are being subject to confirmation and reconciliation thereof and the same have been taken as per the balances appearing in the books. The consequent necessary adjustments, either of a revenue nature or otherwise if any, will be made as and when these accounts are confirmed.

8. The figures appearing in the Financial Statements have been rounded off to nearest rupee.

9. Previous year''s figures have been regrouped /reclassified wherever necessary to correspond with the current year''s classification/ disclosure.


Mar 31, 2013

Note: - 1

(a) In the opinion of the management, there are no contingent liabilities as on Balance Sheet date and nor any events occurred after the Balance Sheet date that affects the financial position of the Company.

2. During the financial year 2012-13, there are not any transactions with any suppliers /parties who are covered under ''The Micro Small and Medium Enterprises Development Act, 2006''.

3. Key Management Personnel

The Key management personnel are the directors, whose names are mentioned in the corporate governance report.

4. Related Party Disclosures:

The List of related parties and nature including amount of their transaction have been taken place during the year are given in the Annexure attached

5. There are not any particulars which are required to be furnished pursuant to Clause VIII of part II of the Schedule VI of the Companies Act, 1956.

6. The Mazor Components of Deferred Tax Liability arising on account of timing difference are- Depreciation :: Rs.l03,300/-(P.YRs. 25,067/-)

7. The Company is operating in Single business segment, therefore requirement with regard to segmental reporting as per AS-17is not applicable to the Company. The Company operates mainly in Indian Market and there is no reportable geographical segment.

8. In the Opinion of the Board, all the current assets, loans and advances have a value on realization in the ordinary course of business at least equal to the amount stated in the Balance Sheet and all the known liabilities have been provided for.


Mar 31, 2012

1. During the financial year 2011-12, there are not any transactions with any suppliers /parties who are covered under 'The Micro Small and Medium Enterprises Development Act, 2006'.

2. Key Management Personnel

The Key management personnel are the directors, whose names are mentioned in the corporate governance report.

3. There are not any particulars which are required to be furnished pursuant to Clause VIII of part II of the Schedule VI of the Companies Act, 1956.

4. The Company is operating in Single business segment, therefore requirement with regard to segmental reporting as per AS-17is not applicable to the Company.The Company operates mainly in Indian Market and there is no reportable geographical segment.

5. In the Opinion of the Board, all the current assets, loans and advances have a value on realization in the ordinary course of business at least equal to the amount stated in the Balance Sheet and all the known liabilities have been provided for.

6. Certain Debit and Credit Balances are being subject to confirmation and reconciliation thereof and the same have been taken as per the balances appearing in the books. The consequent necessary adjustments, either of a revenue nature or otherwise if any, will be made as and when these accounts are confirmed.

7. The figures appearing in the Financial Statements have been rounded off to nearest rupee.

8. The Revised Schedule VI has become effective from 1st April, 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.


Mar 31, 2010

(a) Provision for taxation Including FBT) has been made during the year of Its. 56.087/- as per minimum alternative tax provision of income tax. (Previous Year Rs. 65,800/- ).

(b) There is no contingent liability during the year(Previous year NIL)

(c) Estimated amount of contracts remaining to be executed on capital account and not provided are NIL.

(d) Figure of previous year has been re-grouped or rearranged whenever deemed necessary.

(e) In the opinion of the directors, current assets, loans and advances have the value on which they are stated in the Balance sheet realised in the ordinary course of business.

(f) Additional information pursuant to paragraph 3 & 4 of Part II of Schedule VI In the Companies Act. 1956 ;

(i) The providing of quantitative information in respect on software business and oilier trading is not practically possible, bence not furnished.

(ii) C-I.F value of Imports ; NIL (iiiExpenditure in Foreign Currency : NIL

(g) Accounting Standard Compliance :

(i) No provision in respect of retirement benefits has been made during the year, as none of the above said Acts are applicable to the Company. (Previous Year NIL)

(ii) The segmental reporting as specified in the Accounting Standard 17 is not required to be given as the Company remained engaged in single line of activity during the year

(iii)Related Party Disclosures as per Accounting Standard 18 ; There are no related party disclosures to be made in the Company.

(iv)Earning per share as per Accounting Standard 20 : Basic and dilmed earning per share for the year is Rs. 0.0l. (Previous Year Rs. 0.01)

 
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