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Notes to Accounts of Yash Innoventures Ltd.

Mar 31, 2015

1. No equity shares have been allotted without receipt of cash at allotted as because shares or shares bought back.

2. There is no calls unpaid bust at the beginning or as the end of the year concerned.

3. No shares have been forfeited during the year or prior period.

Income tax companies of current tax provisions and the net change in the differed tax asset or liability in the year. the differed tax assets and liabilities are calculated on the accumulated timing differences at the end of an accounting period based on prevailing enacted tax rates is a virtual certainty that sufficient future taxable will be available again offered tax assets can be realized.


Mar 31, 2012

Balances in customers.suppliers.deposit accounts and loans from banks and financial institution taken as per book are subject to confirmation/E.M.D. Reconcilation and consequential adjustments.

In the opinion of Board of directors .current asset.Loans and Advances are approxmately of the value stated,if realised in ordinary course of business and there is no need of recording of impairment of assets at this stage as the amount stated are generally recoverable.The provision for all known and determine liabilities is adequate and not in excess of the amount reasonably required.

Whenever external documentary evidence was not available.we have relied on the managements authentication.

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


Mar 31, 2010

A. 1. Balances in the customers, suppliers, deposit accounts and loans from banks and financial institutions taken as per books are subject to confirmation / E.M.D. reconciliation and consequential adjustments. Unpaid Dividend in Bank is-subject to confirmation.

2. The management does not consider it appropriate to account for the deferred tax asset or liability in view of the accumulated losses and due to uncertainty of future profits.

3. Bank balance includes Rs.4, 81, 464/- towards unpaid dividend which is subject to confirmation with respective banks.

4. There are no transactions with related parties except the following advances to:

Name Nature

Gnanesh Bhagat Advances

R. D. Bhagat Advances

Vikram D. Bhagat Advances

Yash Shelters Advances

Yash Systems Debtors

Amit Bhagat Unsecured Loan

Hansaben R. Bhagat Unsecured Loan

Ashok D. Bhagat Unsecured Loan

Angaria Bhagat Advances

(Note: Related party relationship have been identified by the management and relied upon by the auditors.)

a) In the opinion of the Board of Directors, Current Assets, Loans and Advances are approximately of the value stated, if realised in the ordinary course of business and there is no need for recording of impairment of assets at this stage as the amounts stated are generally recoverable subject to Point no. F above. The provision for all known and determined liabilities is adequate and not in excess of the amounts reasonably required.

b) Wherever external documentary evidence was not available, we have relied on the managements authentication.

c) Previous years figures are re-grouped / re-arranged wherever considered necessary.


Mar 31, 2009

1. Balances in the customers, suppliers, deposit accounts and loans from banks and financial institutions taken as per books are subject to confirmation / E.M.D, reconciliation and consequential adjustments. Unpaid Dividend in Bank is subject to confirmation.

2. The management does not consider it appropriate to account for the deferred tax asset or liability in view of the accumulated losses and due to uncertainty of future profits.

3. Bank balance includes Rs.4, 81, 464/- towards unpaid dividend which is subject to confirmation with respective banks.

b) In the opinion of the Board of Directors, Current Assets, Loans and Advances are approximately of the value stated, if realised in the ordinary course of business and there is no need for recording of impairment of assets at this stage as the amounts stated are generally recoverable subject to Point no. F above. The provision for all known and determined liabilities is adequate and not in excess of the amounts reasonably required.

c) Wherever external documentary evidence was not available, we have relied on the managements authentication.

d) Previous years figures are re-grouped / re-arranged wherever considered necessary.

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