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Notes to Accounts of Scope Industries (India) Ltd.

Mar 31, 2010

1. Provisions and Contingent Liabilities

The Company recognizes a provision when there is a present obligation as a result of an obligating event that probably requires an outflow of resources and a reliable estimate can be made of the amount of the obligation. A disclosure of a contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not, require an outflow of resources. Where there is a possible obligation or a present obligation that the likelihood of outflow of resources is remote, no provision or disclosure is made.

Provisions for onerous contracts i.e contracts where the expected unavoidable costs of meeting the obligations under the contract exceed the economic benefits expected to be received under it, are recognized when it it probable that an outflow of resources embodying economic benefits will be required to settle a present obligation as a result of an obligating event, based on a reliable estimate of such obligation.

2. Quantitative Details:

The Company has sold all of its fixed assets and it has not carried on any activity during the current period. Similarly there are no stocks of Finished Goods, Work in Progress and Stores as per the books of accounts and hence quantitative details of the information required under paragraphs 3 and 4 C of Part II of Schedule VI of the Companies Act, 1956 are not furnished.

3. Foreign Currency Transactions:

There are no Foreign Currency Transactions during the period.

4. Figures have been rounded off to the nearest rupee.

5. Sundry creditors include Rs. Nil due to suppliers covered under the "Small, Micro and Medium Enterprises Development Act, 2006". The Company has not received any claim for interest from any supplier under the said Act. This is based on the information available with the Company.

6. Previous Year figures have been regrouped or reclassified, wherever necessary.

7. Balance Sheet abstract and Companys general business profile are attached sepa rately.


Mar 31, 2009

1. Contingent Assets and Liabilities:

There is no Contingent Asset or Liability for or against the Company not acknowledge as debt during the period.

2. Quantitative Details:

The Company has sold all of its fixed assets and it has not carried on any activity during the current period. Similarly there are no stocks of Finished Goods, Work in Progress and Stores as per the books of accounts and hence quantitative details of the information required under paragraphs 3 and 4 C of Part II of Schedule VI of the Companies Act, 1956 are not furnished.

3. Foreign Currency Transactions:

There are no Foreign Currency Transactions during the period.

4. Figures have been rounded off to the nearest rupee.

5. There are no outstanding over dues to small-scale industrial undertakings and/or ancillary industrial suppliers on account of principal and /or interest at the close of the financial year. This disclosure is based on the documents/ information available with the company.

6. Balance Sheet abstract and Companys general business profile are attached separately.

7. Previous Year figures have been regrouped or reclassified, wherever necessary.

 
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