Mar 31, 2014
Current Year Previous Year
(Rs.) (Rs.)
1. Contingent Liabilities provide NIL 13,10,000/-
2. In the opinion of the directors,
a) The current assets, loans and advance are approximately of the value
stated, if realized in the ordinary course of the business.
b) The provisions of all the known liabilities are adequate and not in
excess of the amount reasonably necessary.
3. Depreciation
Fixed assets are valued at cost less depreciation. Depreciation has
been provided on the WDV method on the prorate basis as per the rates
prescribed in Schedule XIV of the Companies Act, 1956.
4. Deferred Revenue Expenditure amounting to Rs. 12, 95,OOO/- have been
incurred during the year under review. The Management has taken an
unanimous decision not to apportion such Deferred Revenue Expenditure
over the next four years. This will apply to the value of Deferred
Revenue Expenditure Balance Sheet as on 31/O3/2O14. The entire Deferred
Revenue Expenditure has been reflected under "Other Non- Current
Assets" since there is no program to apportion the same in the next
financial year.
5. Previous year''s figures have been regrouped and rearranged wherever
necessary to make them comparable with the current year''s figures.
6. The change of registered office has taken place during the year
under audit, post consent of the RD Gujrat.
Mar 31, 2013
1. Depreciation
Fixed assets are valued at cost less depreciation. Depreciation has
been provided on the WDV method on prorata basis as per the rates
prescribed in Schedule XIV of the Companies Act, 1956.
2. Deferred revenue expenditure amounting to Rs. 1,29,500/- have been
incurred this year. 20% of such expenditure has been amortised in the
current year and has been charged to Profit & Loss Account. 20% of the
balncing figure amounting to Rs. 20,720 /- will amortise in the next
financial year and thus has been shown as "other current assets" and
the balance of Rs. 82,880 /- has been shown as "other non-current
assets" since it won''t amortise in the next financial year.
3. Previous year''s figures have been regrouped and rearranged wherever
necessary to make them comparable with the current year''s figures.
4. The change of registered office has not taken place during the
year under audit. The matter is pending with the RD Gujarat till the
date of audit.
Mar 31, 2012
Current Year Previous Year
1) Contingent liabilities not provided for NIL NIL
2) In the opinion of the Directors:
a) The current assets, Loans and advances are approximately of the
value stated, if realized in the ordinary course of business.
b) The provisions for all known liabilities are adequate and not in
excess of the amount reasonably necessary.
I. Deferred Tax
The company has not created deferred tax assets in respect of brought
forward losses on prudence basis in accordance with Accounting
Standard-22 Accounting for taxes on Income as no certainty in respect
of future profitability of the company.
II. Depreciation.
The company does not have any fixed assets during the year under audit.
Additional information required under Para 3, 4-C and 4-D in part II of
schedule VI of the Companies Act, i9i6. (As certified by the managing
Director and upon by the Auditors) is NIL.
Previous years figures have been regrouped and rearranged wherever
considered necessary to make tnem comparable with the current year
figures.
Mar 31, 2009
1. Details of Traded Goods : Not Applicable
2. Additional information required under Schedule VI to the Companies
Act, 1956 ( As certified by the Director)
3. Additional information required under Para 4 (c), 4 (d) to Schedule
VI of the Companies Act, 1956 being not Applicable, Not given Schedules
A to T form an integral part of the account.
As per owe Audit report attached of even date.