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Notes to Accounts of Platinum Corporation Ltd.

Mar 31, 2011

1. Loans and advances - Rs 20,90,48,405/- includes: -

(a) A sum of Rs, 68,17,898/- out standing from a Company in respect of sale of assets, which amount, in the opinion of Directors are good of recovery.

(b) A sum of Rs. 20,22,00,000/- paid to a Company as advance for setting up a unit of Gold / Jwellery as per the agreement executed with the said Company.

All the above loan amounts have been given for the business purpose/outstanding for business transaction only and hence they are non-bearing interest and subject to their balance confirmations.

2. INFORMATION PURSUANT TO THE PROVISIONS OF PART II OF SCHEDULE VI OF THE COMPANIES ACT, 1956 (VIDE NOTIFICATION DATED 30TH OCTOBER 1973 OF THE DEPARTMENT OF COMPANY AFFAIRS/GOVERNMENT OF INDIA)

As during the year no Trading or Manufacturing Activities have been carried out by the company the matters are not applicable.

3. Previous years figures have been regrouped / rearranged wherever necessary to confirm to the current year classification.


Mar 31, 2010

1. INFORMATION PURSUANT TO THE PROVISIONS OF PART II OF SCHEDULE VI OF THE COMPANIES ACT. 1956 (VIDE NOTIFICATION DATED 30TH OCTOBER 1973 OF THE DEPARTMENT OF COMPANY AFFAIRS. GOVERNMENT OF INDIA)

As during the year no Trading or Manufacturing Activities have been carried out by the company the matters are not applicable.

2. Previous years figures have been regrouped / rearranged wherever necessary to confirm to the current year classification.

 
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