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Notes to Accounts of Sudar Industries Ltd.

Mar 31, 2015

The previous year figures have been regrouped/reclassified whenever necessary to confirm the current year presentation.

1. Sundry Creditors, Sundry Debtors, Loans & Advances have been taken at their book value subject to confirmation and reconciliation.

2. Loans and Advances are considered good in respect of which company does not hold any security other than the personal guarantee of person.

3. Additional information pursuant to the provisions of Paragraph 3, 4C and 4 D of schedule VI of the companies Act, 1956

4. Earnings per Shares (EPS)

As per Accounting Standard 20 “Earnings Per Share”, the disclosures as defined in the Accounting Standard are given as below:

5. The SSI status of the creditors for goods is not known to the company hence the information is not given.

6. Previous year figures have been regrouped or rearrange whenever necessary.

7. Provision is recognized in the accounts when there is a present obligation as a result of past event(s) and it is probable that an outflow of resources will be required to settle the obligation and a reliable estimate can be made. Provisions are not discounted to their present value and are determined based on the best estimate required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

8. Contingent liabilities are disclosed unless the possibility of outflow of resources is remote. Contingent assets are neither recognized nor disclosed in the financial statement.


Mar 31, 2014

1. The SSI status of the creditors for goods is not known to the company; hence the information is not given.

2. Previous year figures have been regrouped or rearrange whenever necessary.

3. Provision is recognized in the accounts when there is a present obligation as a result of past event(s) and it is probable that an outflow of resources will be required to settle the obligation and a reliable estimate can be made. Provisions are not discounted to their present value and are determined based on the best estimate required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

Contingent liabilities are disclosed unless the possibility of outflow of resources is remote. Contingent assets are neither recognized nor disclosed in the financial statement.


Mar 31, 2013

1. Basis of Preparation of financial statement:

i) The financial statements are prepared under the historical cost convention on accrual basis of accounting in accordance with the generally accepted principles prevalent in India.

ii) Accounting policies not specifically referred to otherwise are in consonance with prudent accounting principles.

iii) All income and expenditure having material bearing on the financial statement are recognized on an accrual basis.

iv) Use of Estimate: -

The presentation of financial statement requires estimates and assumptions to be made that affect the reported amounts of asset and liabilities on the date of financial statement and the reported amount of revenue and expenses during the relevant period. The estimates are made to the best of management''s ability considering all necessary information. Differences, if any, between actual result and estimate are recognized in the period in which results are ascertained.

2. The SSI status of the creditors for goods is not known to the Company; hence the information is not given.

3. Previous year figures have been regrouped or rearranged whenever necessary.


Mar 31, 2012

1. Sundry Creditors, Sundry Debtors, Loans & Advances have been taken at their book value subject to confirmation and reconciliation.

2. Related party disclosures: There is no related parties' transaction within the meaning of AS 18 during the period.

3. Loans and Advances are considered good in respect of which company does not hold any security other than the personal guarantee of persons

4. Contingent Liabilities

(Rs. In lakhs)

Particulars 31.03.2012 31.03.2011

Guarantees given by banks -- --

Bill discounted -- --

5. Segment Information

Company's activities during the year, of manufacturing, reselling exporting, whole selling of readymade garments and fabrics constitutes the single reportable business segment. All assets of the Company are located in India

6. The SSI status of the creditors is not known to the company; hence the information is not given.

7. Previous year figures have been regrouped or rearranged whenever necessary.


Mar 31, 2010

1. During the year, company has issued 35,95,900 bonus share in the ratio of 4:1 to

the existing share holder our of share premium account and General Reserve.

2 In the opinion of the Board, carrying value of all current assets, loans & advances and other receivable are not less than realizable value in the ordinary course of business.

3 Related Party Disclosures

4 Contingent Liabilities

(Rs in lakhs)

Prarticulars 31.03.2010 31.3.2009

Guarantees given by banks - -

Bill discounted - -



5 Additional information pursuant to the provisions of Paragraphs 3, 4C, and 4D OF Schedule VI of the Companies Act 1956 :

6 Segment Information

Companys activities during the year. of reselling exporting, whole selling of Readymade Garments and fabrics constitutes the single reporuble business segment. All assets of the company are located in India.

7 Based on the information available with the company, as at the balance sheet date, there are no amounts due to small-scale industrial undertakings.

8 Employee benefits

Liability in respect of gratuity is recognized in respect of eligible employees, in term of the payment of Gratuity Act, 1972, Leave encashment benefits are recognized to the extent of leave standing to the credit of each employee as at the year-end.

9 Previous year figures have been regrouped, reclassified and recast wherever necessary to confirm to current years classification.

 
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