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Notes to Accounts of Ranklin Solutions Ltd.

Mar 31, 2011

1. The Balances to the debit or credit of parties are subject to confirmation.

2. In the opinion of the Board the current assets & loans and advances are approximately of the value stated if realized in the ordinary course of business. The provisions for depreciation and all known liabilities are adequate and not in excess of the amounts considered reasonably necessary.

3. Segment Reporting :

The Company operates in a single primary business segment namely ITES [Information Technology Enabled Services]. The Segment-wise details as per Accounting Standard 17 are not applicable. Hence, no separate disclosure is required.

4. Quantitative Details

The company is primarily engaged in ITES. The production and sale of such services cannot be expressed in any generic unit. Hence, it is not possible to give the quantitative details of services and certain information as required under paragraphs 3, 4C and 4D of Part II of Schedule VI of the Companies Act, 1956.

5. Particulars of Employees

There are no employees whose particulars are required to be furnished U/s 217 (2A) of the Companies Act, 1956 read with Companies Act (Particulars of Employees) Rules, 1975 as the remuneration of none of the employees has crossed the limits specified therein.

6. Contingent Liabilities

There are no contingent liabilities to be disclosed as on the date of balance sheet.

7. Related Party Disclosure

There are no transactions with the parties that are related in nature to be disclosed as per Accounting Standard 18.

8. Deferred Tax :

In accordance with Accounting Standards - 22 on "Accounting for Taxes on Income" issued by ICAI, the company has accounted for Deferred Tax.

9. Previous year figures have been regrouped and rearranged wherever considered necessary.

10. Paises are rounded off to the nearest rupee.


Mar 31, 2010

1. The Balances to the debit or credit of parties are subject to confrmation.

2. In the opinion of the Board the current assets & loans and advances are approximately of the value stated if realized in the ordinary course of business. The provisions for depreciation and all known liabilities are adequate and not in excess of the amounts considered reasonably necessary.

3. Earnings Per Share

Partly paid shares are treated as a fraction an equity share to the extent that they are entitled to participate in dividends relative to a fully paid equity share. This implies that the concept of equivalent unit is to be adopted.

4. Segment Reporting :

The Company operates in a single primary business segment namely ITES [Information Technology Enabled Services]. The Segment-wise details as per Accounting Standard 17 are not applicable. Hence, no separate disclosure is required.

5. Quantitative Details

The company is primarily engaged in ITES. The production and sale of such services cannot be expressed in any generic unit. Hence, it is not possible to give the quantitative details of services and certain information as required under paragraphs 3, 4C and 4D of Part II of Schedule VI of the Companies Act, 1956.

6. Particulars of Employees

There are no employees whose particulars are required to be furnished U/s 217 (2A) of the Companies Act, 1956 read with Companies Act (Particulars of Employees) Rules, 1975 as the remuneration of none of the employees has crossed the limits specifed therein.

7. Contingent Liabilities

There are no contingent liabilities to be disclosed as on the date of balance sheet.

8. Related Party Disclosure

There are no transactions with the parties that are related in nature to be disclosed as per Accounting Standard 18.

9. Previous year figures have been regrouped and rearranged wherever considered necessary.

 
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