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Notes to Accounts of Safal Securities Ltd.

Mar 31, 2015

1. None of the employees of the Company has crossed the Limits Prescribed u/s. 217 (2A) of the Companies (Particulars of Employees) Amendment Rules, 1988 during the year.

2. In the opinion of the Board, Current Assets, Loans and Advances have the value at which they are stated in the Balance Sheet, if realised in the ordinary course of business and are subject to confirmation.

3. Additional Information under Schedule III of the Companies Act, 2013: Nil

4. Previous Year's figure have been re-grouped / rearranged wherever essential.

5. Cash on hand at the year end certified by the management. Moreover we are not physically verified the Cash Balance as on 31-03-2015.

6. We are unable to express our opinion regarding diminution, if any, in the value of the investments as no documentary evidence were available or verification / judgment of the same


Mar 31, 2014

1. None of the employees of the Company has crossed the Limits Prescribed u/s. 217 (2A) of the Companies (Particulars of Employees) Amendment Rules, 1988 during the year.

2. In the opinion of the Board, Current Assets, Loans and Advances have the value at which they are stated in the Balance Sheet, if realised in the ordinary course of business and are subject to confirmation.

3. Additional Information under Schedule VI of the Companies Act, 1956: Nil

4. Previous Year''s figure have been re-grouped / rearranged wherever essential.

5. Cash on hand at the year end certified by the management. Moreover we are not physically verified the Cash Balance as on 31-03-2014.

6. We are unable to express our opinion regarding diminution, if any, in the value of the investments as no documentary evidence were available or verification / judgment of the same


Mar 31, 2013

1. Deferred Tax

There is no Differed Tax hence not applicable Deferred Tax Liability/Assets On account of Depreciation on Fixed Assets Rs. Nil

2. None of the employees of the Company has crossed the Limits Prescribed u/s. 217 (2A) of the Companies ( Particulars of Employees ) Amendment Rules, 1988 during the year.

3. In the opinion of the Board, Current Assets, Loans and Advances have the value at which they are stated in the Balance Sheet, if realized in the ordinary course of business and are subject to confirmation.

4. Additional Information under Schedule VI of the Companies Act, 1956 : Nil

5. Previous Year''s figure have been re-grouped / rearranged wherever essential.

6. Cash on hand at the yearend certified by the management. Moreover we are not physically Verified the Cash Balance as on 31-03-2012.

7. We are unable to express our opinion regarding diminution, if any, in the value of the investments as no documentary evidence were available or verification / judgment of the same


Mar 31, 2012

1. None of the employees of the Company has crossed the Limits Prescribed u/s. 217 (2A) of the Companies ( Particulars of Employees ) Amendment Rules, 1988 during the year.

2. In the opinion of the Board, Current Assets, Loans and Advances have the value at which they are stated in the Balance Sheet, if realised in' the ordinary course of business and are subject to confirmation.

3. Additional Information under Schedule VI of the Companies Act, 1956 : Nil

4. Previous Year's figure have been re-grouped / rearranged wherever essential.

5. Cash on hand at the year end certified by the management. Moreover we are not physically Verified the Cash Balance as on 31-03-2012.

6. We are unable to express our opinion regarding diminution, if any, in the value of the investments as no documentary evidence were available or verification / judgment of the same.


Mar 31, 2010

I. Previous years figures have been regrouped wherever necessary.

II. Balances of creditors, Loans & Advances and Debtors are subject to confirmation by the parties concerned.

III. In respect of sales tax / income tax liability company does not expect any more liability than provided in the books of accounts.

IV. Expenditure on Employees getting remuneration not less Rs.300000/- per year employed throughout the year and Rs.25000/- per month employed for part of year :

VII.We relied on vouchers duly certified by the Assessee wherever original bills are not available during the test checked conducted in the course of our audit.

VIII. In the opinion of the Directors of the Company the current assets, Loats & Advances appearing in the balance sheet are approximately of the value as stated if realized in the ordinary course of business.


Mar 31, 2009

I. CONTINGENT LIABILITIES:

No Provision is made for liabilities, which are contingent in nature but Biometerial, the same all disclosed by way notes to the accounts.

i. Previous years figures have been regrouped wherever necessary.

ii. Balances of creditors, Loans & Advances and Debtors are subjected to confirmation by the parties concerned.

iii. In respect of sales tax/ income tax liability company does not expect any more liability than provided in the books of accounts.

iv. Expenditure on Employees getting remuneration not less Rs. 300000/- per year employed throughout the year and Rs.25000/- per month employed for part of year:

 
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