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Notes to Accounts of Sudev Industries Ltd.

Mar 31, 2013

1.1 Provision, Contingent Liabilities and Contingent Assets

Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources. Contingent liabilities are not recognized but are disclosed in the notes. Contingent assets are neither recognized nor disclosed in the financial statements.

1.2 The Current Assets. Loans & Advances has value equal to the amount at which they are stated and provisions for known liabilities have been made.

1.3 Notes are integral part of the Balance Sheet and Profit & Loss Account.

1.4 The company does not have any suppliers under the Micro, Small & Medium Enterprises Development Act, 2006 and hence disclosures, if any, relating to amount unpaid as at the yearend together with interest paid/payable as required under the said Act have not been provided.

1.5 All known liabilities have been provided for on the basis of available information/ estimates.

1.6 Foreign exchange: There is no foreign exchange expenditures of the company.

1.7 Estimated amount of contracts remaining to be executed capital accounts is NIL.

1.8 Earning in Foreign Currency is NIL.

1.9 The Current Assets, Loans & Advances has value equal to the amount at which they are stated and provisions for known liabilities have been made.

* In the opinion of the Board the Current Assts, Loans & Advances have been valued on realization in the ordinary course of Business.


Mar 31, 2012

1.1 The UPFC loan has been settled & all the assets have been released by the UPFC.

1.2 Company has entered one time settlement scheme under UPSC has paid off the settlement amount against by selling Fixed assets, Land, Building and Plant & machinery.

1.3 The Current Assets, Loans & Advances has value equal to the amount at which they are stated and provisions for known liabilities have been made.

1.4 Notes are integral part of the Balance Sheet and Profit & Loss Account.

1.5 The company does not have any suppliers under the Micro, Small & Medium Enterprises development Act, 2006 and hence disclosures, if any, relating to amount unpaid as at the yearend together with interest paid/payable as required under the said Act have not been provided.

1.6 All known liabilities have been provided for on the basis of available Information/ estimates.

1.7 Foreign exchange: There is no foreign exchange expenditures of the company.

1.8 Estimated amount of contracts remaining to be executed capital accounts is NIL.

1.9 Earning in Foreign Currency is NIL.

1.10 The Current Assets, Loans & Advances has value equal to the amount at which they are stated and provisions for known liabilities have been made.

1.11 A company does not have any information regarding status of supplier under Micro, Small or Medium.

* All known liabilities have been provided.

* Contingent liabilities NIL.

* In the opinion of the board the Current Assts, Loans & Advances have been valued on realization in the ordinary course of Business.

* Company has paid Rs 661408/- Income tax for the year 2004-05 under the protest and matter is under appeal at CIT.


Mar 31, 2009

Not Available

 
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