Mar 31, 2015
1. Investments have been verified and certified by the
management. Investments of the company in the form of shares and Govt.
securities are either lodged or transferred or held with valid transfer
forms as certified.
2. No provision has been made of interest on short term loans and
advances given.
3. No deposit has been accepted from the public under Section 73
of the Companies Act 2013.
4. Previous year figures have been regrouped or rearranged
wherever necessary.
5. Figures are rounded off to nearest rupee.
6. Accounting for Taxes on income -
7. In accordance with the requirements under the Accounting Standard 22
- "Accounting for taxes on income", there is no timing difference arises
during the year hence the Company has not created any Deferred Tax
asset/liability during the year.
8. The deferred tax assets arisen on account of unabsorbed
depreciation and Carry Forward Losses have been recognized and carried
forward only to the extent where there is reasonable extent & where
there is reasonable certainty that sufficient future taxable income
will be available against which such deferred tax assets can be
adjusted. The deferred tax liability has arisen principally on account
of the time difference between the depreciation admissible under the
Income Tax Act and the depreciation adjusted in the accounts.
9. There was no due as at 31.03.2015 under Micro Small and Medium
Enterprises Act. 2006.
Mar 31, 2013
Note:1 Investments have been verified and certified by the management.
Investments of the company in the form of shares and Govt. securities
are either lodged or transferred or held with valid transfer forms as
certified.
Note:2 No provision has been made of interest on short term loans and
advances given.
Note:3 No deposit has been accepted from the public under Section
58(A) of the Companies Act 1956 and the Companies (Acceptance of
Deposits) Rules, 1975.
Note:4 Previous year figures have been regrouped or rearranged
wherever necessary
Note:5 Figures are rounded off to nearest rupee.
Note:6 Accounting for Taxes on income-
In accordance with the requirements under the Accounting Standard
22-"Accounting for taxes on income", the Company has created Deferred
Tax Liability of Rs. 134473/- during the year.
Note:24 The deferred tax assets arisen on account of unabsorbed
depreciation and Carry Forward Losses have been recognized and carried
forward only to the extent where there is reasonable extent & where
there is reasonable certainty that sufficient future taxable income
will be available against which such deferred tax assets can be
adjusted. The deferred tax liability has arisen principally on account
of the time difference between the depreciation admissible under the
Income Tax Act and the depreciation adjusted in the accounts.
Note:7 There was no due as at 31.03.2013 under Micro Small and Medium
Enterprises Act. 2006
Mar 31, 2012
Note "1" Director Remuneration
31.03.2012 31.03.2011
Salary NIL NIL
Note "2" Investments have been verified and certified by the
management. Investments of the company in the form of shares and Govt.
securities are either lodged or transferred or held with valid transfer
forms as certified.
Note "3" No provision has been made of interest on short term loans
and advances given.
Note "4" No deposit has been accepted from the public under Section
58(A) of the Companies Act 1956 and the Companies (Acceptance of
Deposits) Rules, 1975.
Note"5" Previous year figures have been regrouped or rearranged
wherever necessary
Note"6" Figures are rounded off to nearest rupee.
Note"7" Accounting for Taxes on income -
In accordance with the requirements under the Accounting Standard
22-"Accounting for taxes on income", the Company has created Deferred
Tax Assets of Rs. 45174/-- during the year.
Note"8" The deferred tax assets arisen on account of unabsorbed
depreciation and Carry Forward Losses have been recognized and carried
forward only to the extent where there is reasonable extent & where
there is reasonable certainty that sufficient future taxable income
will be available against which such deferred tax assets can be
adjusted. The deferred tax liability has arisen principally on account
of the time difference between the depreciation admissible under the
Income Tax Act and the depreciation adjusted in the accounts.
Note"9" There was no due as at 31.03.2012 under Micro Small and Medium
Enterprises Act. 2006
Mar 31, 2011
1. Investments have been verified and certified by the management.
Investments of the company in the form of shares and Govt. securities
are either lodged or transferred or held with valid transfer forms as
certified.
2. No provision has been made of interest on short term loans and
advances given.
3. No deposit has been accepted from the public under Section 58 (A)
of the Companies Act 1956 and the Companies (Acceptance of Deposits)
Rules, 1975.
4. Previous year figures have been regrouped or rearranged wherever
necessary.
5. Figures are rounded off to nearest rupee.
6. The deferred tax assets arisen on account of unabsorbed
depreciation and Carry Forward Losses have been recognized and carried
forward only to the extent where there is reasonable extent & where
there is reasonable certainty that sufficient future taxable income
will be available against which such deferred tax assets can be
adjusted. The deferred tax liability has arisen principally on account
of the time difference between the depreciation admissible under the
Income Tax Act and the depreciation adjusted in the accounts.
7. There was no due as at 31.03.2011 under Micro Small and Medium
Enterprises Act. 2006
Mar 31, 2010
1. Investments have been verified and certified by the management,
investments of the company in the form of shares and Govt, securities
are either lodged or transferred or held with valid transfer forms as
certified.
2. No provision has been made of interest on short term loans and
advances given.
3. No deposit has been accepted from the public under section 58 (A)
of the Companies Act 1956 and the Companies (Acceptance of Deposits)
Rules, 1975.
4. Previous year figures have been regrouped or rearranged wherever
necessary.
5. Figures are rounded off to nearest rupee.
6. Accounting for Taxes on income -
In accordance with the requirements under the Accounting Standard
22-"Accounting for taxes on income", the Company has provided for
deferred tax Assets / liabilities of Rs. 20, 30,916/- during the year.
The deferred tax assets arisen on account of unabsorbed depreciation
and carry forward Losses have been recognized and carried forward only
to the extent where there is reasonable extent & where there is
reasonable certainty that sufficient future taxable income will be
available against which such deferred tax assets can be adjusted. The
deferred tax liability has arisen principally on account of the time
difference between the depreciation admissible under the Income Tax Act
and the depreciation adjusted in the accounts. 9. There was no due as
at 31.03.2010 under Micro Small and Medium Enterprises Act. 2006
Mar 31, 2009
1. Some of the balances stated in current assets, loan & advances ,
sundry debtors and sundry creditors are subject to confirmation and
reconciliation.
2. Investments have been verified and certified by the management,
investments of the company in the form of shares and Govt, securities
are either lodged or transferred or held with valid transfer forms as
certified.
3. No provision has been made of interest on short term loans and
advances given.
4. No deposit has been accepted from the public under section 58 (A)
of the Companies Act 1956 and the Companies (Acceptance of Deposits)
Rules, 1975.
5. Previous year figures have been regrouped or rearranged wherever
necessary. Jl. Figures are rounded off to nearest rupee.
6. Accounting for Taxes on income
In accordance with the requirements under the Accounting Standard
22-"Accounting for taxes on income", the Company has provided for
deferred tax liabilities of Rs, 1489170/- during the year Deferred Tax
Assets & Liabilities as on 31st March,2009 are as under
The deferred tax assets arisen on account of unabsorbed depreciation
and carry forward. Losses have been recognised and carried forward only
to the extent where there Is reasonable extent & where there is
reasonable certainty that sufficient future taxable income will be
available against which such deferred tax assets can be adjusted. The
deferred tax liability has arisen principally on account of the time
difference between the depreciation admissible under the Income Tax Act
and the depreciation adjusted in the accounts. It is the reason that
amount shown as deferred tax liabilities in the financial statements
for the F.Y. 2007-08 was less by Rs.22,72,294/- and amount of Profit &
Loss carried forward was more.
Mar 31, 2002
1. Current Assets including balance Loans & Advances and current
1iabilities are subject to confirmation & reconci1iation , if any.
2. In the opinion of Board of Directors current assets, loans and
advances have the value at which they were stated in the Balance Sheet,
if realised in the ordinary course of business.
3. Previous year figures have been regrouped/recasted wherever
considered necessary.
4. Remittance in foreign currency during the year Nil
(Previous year ............. NIL)
5 Expenses in foreign Currency during the year Nil
(Previous year.............. Ni1)
6 . Earning in foreign currency during the year Nil
(Previous year.............. Nil )
7. Amount overdue to SSI units at the year end Nil
8. Contigent liability NIL. at the end of the accounting year.
9. Related party disclosure, as required by As-18, "Related party
Disclosures" are given below.
Key management personnel
Mr. J. P. Jain Director
Mr. Sukhbir Singh Director
Mr. Jasrsj Jain Director
10. Additional information are required under 3 and 4 of part II of
schedule III of the companies Act, 1956 has been give to the extent it
is applicable
11. Schedule A to L forms an integral part of the Profit and Loss
Account and Balance Sheet as at 31st March, 2002.