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Notes to Accounts of Rajani Extraction Ltd.

Mar 31, 2014

Not Available.


Mar 31, 2011

1. figures for the previous year has been re-grouped and / or re-arranged where ever considered necessary so as to make them comparable with the current year's figures.

2. In the opinion of the Board, The Current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated in the balance sheet and that the provision for known liability is adequate and not in excess of amount reasonably necessary.

3. No provision has been made in the books towards the claim lodged against the company by an ex-director in the year 1997-98 towards his remuneration of Rs. 2,25,000/- not acknowledged as debt.

4. Contingent Liabilities

31-03-2011 31-03-2010

Claim against the company, not acknowledged as Debts - -

Estimated amount of contractor remaining to be - - Executed on capital account

Guarantee and counter guarantee outstanding - -

5. There were no dues to small scale Industrial undertaking to whom the Company owes a sum exceeding Rs. 1.00 Lac which is outstanding for more than 30 days.

6. Taxation

i) Deferred Tax

There are no liabilities of Deferred Taxation of the Company.

ii) Current Tax

Current Tax Liabilities of the Company is estimated in accordance with the provisions of the income-tax Act, 1961.


Mar 31, 2010

1. Figures for the previous year has been re-grouped and / or re-arranged where ever considered necessary so as to make them comparable with the current year's figures.

2. In the opinion of the Board, The Current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amounts at which they are stated in the balance sheet and that the provision for known liability is adequate and not in excess of amount reasonably necessary.

3. No provision has been made in the books towards the claim lodged against the company by an ex-director in the year 1997-98 towards his remuneration of Rs. 2,25,000/- not acknowledged as debt.

4. Contingent Liabilities

31-03-2010 31-03-2009 Claim against the company, not acknowledged as debts - -

Estimated amount of contractor remaining to be executed on capital account - -

Guarantee and counter guarantee outstanding - -

5. There were no dues to small scale Industrial undertaking to whom the Company owes a sum exceeding Rs. 1.00 Lac which is outstanding for more than 30 days.

6. Taxation

i) Deferred Tax

There is no liability of Deferred Taxation of the Company.

ii) Current Tax

Current Tax Liabilities of the Company is estimated in accordance with the provisions of the income-tax Act, 1961.

 
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