Mar 31, 2014
1. ACCOUNT BALANCES
Balances of Sundry Debtors, Sundry Creditors, Loans & Advances and
Unsecured Loans are still subject to reconciliation and confirmations.
2. In the opinion of the Board, the Current Assets, Loans and Advances
have a value on realization in the ordinary course of business, which
may fluctuate from time to time.
3. The accumulated losses of the company exceed the paid-up capital of
the company.
4. SEGMENT REPORTING
The company is operating in a single line of product namely
manufacturing and trading of medicines. Since there is no reporting
Segment, the requirements of Accounting Standard (AS-17 ''Segment
Reporting'') issued by the Institute of Chartered Accountants of India
are not applicable for the company.
5. CONTINGENT LIABILITIES
Contingent liabilities not provided for in the financial statements for
the current year are NIL (Previous year NIL).
6. TAXES ON INCOME
The company has not earned profit during the year and have Losses in
previous years. Provision for Deferred Tax Assets has not been made due
to uncertainty of profit earning by company in near future. Provision
for MAT is not required.
7. RELATED PARTY TRANSACTION
As per accounting standard No. 18 issued by the Institute of Chartered
Accountants of India, related parties in terms of the said standard are
disclosed below.
No Transaction with related party has been made during the year.
8. RENT OF FACTORY PREMISES
Mr. Ajai Goyal is allowing use of his factory premises at no rent.
9. Figures for the previous year have been regrouped wherever
considered necessary to conform to the current year''s presentation.
10. Schedules No 1 to 21 form an integral part of the Balance Sheet and
the Profit & Loss Account of the Company.
Mar 31, 2013
1.1.ACCOUNT BALANCES
A total of Rs. 17.92 lacs of Sundry Debtors, Sundry Creditors, Loans &
Advances and Unsecured Loans are still subject to reconciliation and
confirmations.
1.2.In the opinion of the Board, the Current Assets, Loans and Advances
have a value on realization in the ordinary course of business, which
may fluctuate from time to time.
1.3.The accumulated losses of the company exceed the paid-up capital of
the company.
1.4.SEGMENT REPORTING
The company is operating in a single line of product namely
manufacturing and trading of medicines. Since there is no reporting
Segment, the requirements of Accounting Standard (AS-17 ''Segment
Reporting'') issued by the Institute of Chartered Accountants of India
are not applicable for the company.
1.5.CONTINGENT LIABILITIES
Contingent liabilities not provided for in the financial statements for
the current year are NIL (Previous year NIL).
1.6.TAXES ON INCOME
The company has not earned profit during the year and have Losses in
previous years; Provision for Deferred Tax Assets has not been made due
to uncertainty of profit earning by company in near future. Provision
for MAT is not required.
1.7.RELATED PARTY TRANSACTION
As per Accounting standard No. 18 issued by the Institute of Chartered
Accountants of India, related parties in terms of the said standard are
disclosed below :- No Transaction with related party has been made
during the year.
1.8.RENT OF FACTORY PREMISES
Mr. Ajai Goyal is allowing use of his factory premises at no rent.
1.9.Figures for the previous year have been regrouped wherever
considered necessary to conform to the current year''s presentation.
1.10.Schedule Nos. 1 to 21 forms an integral part of the Balance Sheet
and the Profit & Loss Account of the Company.
Mar 31, 2012
1.1. ACCOUNT BALANCES
Balances of Sundry Debtors, Sundry Creditors, Loans and Advances and
Unsecured Loans are subject to reconciliation and confirmations.
1.2. In the opinion of the Board, the Current Assets, Loans and
Advances have a value on realization in the ordinary course of
business, which may fluctuate from time to time.
1.3. The accumulated losses of the company exceed the paid-up capital
of the company.
1.4. SEGMENT REPORTING
The company is operating in a single line of product namely
manufacturing and trading of medicines. Since there is no reporting
Segment, the requirements of Accounting Standard (AS-17 'Segment
Reporting') issued by the Institute of Chartered Accountants of India
are not applicable for the company.
1.5. CONTINGENT LIABILITIES
Contingent liabilities not provided for in the financial statements for
the current year are NIL (Previous year NIL).
1.6. TAXES ON INCOME
The company has earned profit during the year and Losses in previous
years; however, neither provision for Deferred Tax Liability & Deferred
Tax Assets nor provision for MAT has been made.
1.7. RELATED PARTY TRANSACTION
As per Accounting standard No. 18 issued by the Institute of Chartered
Accountants of India, related parties in terms of the said standard are
disclosed below :-
Names of Related parties and description of relationship:
Key Managerial Personnel: Shri Ajai Goyal, Managing Director
During the year Mr. Ajai Goyal gave an additional Loan to the Company
as detailed in 2.11 below.
Actual Production
It is not practical to furnish quantitative information in respect of
raw material consumed, finished goods produced and sold and opening and
Closing stocks in view of considerable number and size of Items
involved.
1.8.UNSECURED LOAN FROM MR AJAI GOYAL, MANAGING DIRECTOR
During the current financial year Mr Ajai Goyal, has paid on behalf of
the Company to various parties an amount equal to Rs. 1,08,606/- which
has been credited to his account as an unsecured loan. Mr. Ajai Goyal
is also allowing use of his factory premises at no rent.
1.9.Figures for the previous year have been regrouped wherever
considered necessary to conform to the current year's presentation.
1.10.Schedule Nos. 1 to 21 form an integral part of the Balance Sheet
and the Profit & Loss Account of the Company.
Mar 31, 2010
1.1. ACCOUNT BALANCES
Balances of Sundry Debtors, Sundry Creditors, Loans and Advances and
Unsecured Loans are subject to reconciliation and confirmations.
1.2. In the opinion of the Board, the Current Assets, Loans and
Advances have a value on realization in the ordinary course of
business, which may fluctuate from time to time.
1.3. The accumulated losses of the company exceed the paid-up capital
of the company.
1.4. SEGMENT REPORTING
The company is operating in a single line of product namely
manufacturing and trading of medicines. Since there is no reporting
Segment, the requirements of Accounting Standard (ASÃ17 ÃSegment
Reporting) issued by the Institute of Chartered Accountants of India
are not applicable for the company.
1.5. CONTINGENT LIABILITIES
Contingent liabilities not provided for in the financial statements for
the current year are NIL (Previous year NIL).
1.6. TAXES ON INCOME
The company has earned profit during the year and Losses in previous
years; however, neither provision for Deferred Tax Liability & Deferred
Tax Assets nor provision for MAT has been made.
1.7. RELATED PARTY TRANSACTION
As per Accounting standard No. 18 issued by the Institute of Chartered
Accountants of India, related parties in terms of the said standard are
disclosed below :-
Names of Related parties and description of relationship:
Key Managerial Personnel: Shri Ajai Goyal, Director
1.8. ADDITIONAL INFORMATION PURSUANT TO THE PROVISIONS OF PARAGRAPH 3,
4C, AND 4D OF PART II AND PART IV OF SCHEDULE VI TO THE INDIAN
COMPANIES ACT, 1956 (AS CERTIFIED BY THE MANAGEMENT)
Licensed Capacity
Particular Current Year Previous Year
Injectable 86.40 lacs (vial/ampl) 86.40 lacs (vial/ampl)
Installed Capacity
Particular Current Year Previous Year
Injectable 86.40 lacs (vial/ampl) 86.40 lacs (vial/ampl)
Actual Production
As per management, it is not practical to furnish quantitative
information in respect of raw material consumed, finished goods
produced and sold and opening and Closing stocks in view of
considerable number and size of Items involved.
1.9. UNSECURED LOAN FROM MR AJAI GOYAL MANAGING DIRECTOR
During the current financial year Mr Ajai Goyal, has paid on behalf of
the Company to various parties an amount equal to Rs. 50,000/- which
has been credited to his account as an unsecured loan. Mr. Ajai Goyal
is also allowing use of his factory premises at no rent.
1.10. Figures for the previous year have been regrouped wherever
considered necessary to conform to the current years presentation.
1.11. Schedule Nos. 1 to 14 form an integral part of the Balance Sheet
and the Profit & Loss Account of the Company.
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