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Notes to Accounts of Surya Marketing Ltd.

Mar 31, 2015

1) The previous year's figures have been reworked, regrouped, rearranged and reclassified wh erever necessary.

2) Below are the name of the shareholders holding more t han 5% of Shares of the company

3) All the investments made by the company are valued a t Cost .

4) Managerial Remuneration: -

5) The inventories of the company are valued as per cost price and market price which ever is less.

6) Deferred tax arising on account of timing difference an d which a re capable of reversal in on e or more subsequent periods is recognised usi ng the tax rates and tax laws that have been enacted or substantively enacted. Deferred tax assets are recognised unless there is virtual certainty with respect to the reversal of the same in future years.

7) All schedules annexed to and form integral part of the Balance Sheet and Profit & Loss Account.

8) Minimum Alternative Tax (MAT) is recognised as an a sset only when and to the extent th ere is convincing evidence that the company will pay normal income tax during the specified period. The Company reviews the same at each balance sheet date and writes down the carrying amount of MAT Credit Entitlement to the extent there is no longer convincing evidence to the effect that company will pay normal Income Tax during the specified period.

9) Value of Import on CIF Basis Nil

10) Earnings in Foreign Exchange (FOB Value) Nil

11) Expenditure in Foreign Currency Nil

12) No Relative Party Transactions has made during th e year except Managerial Remuner ation paid to Key Managerial Remuneration as disclosed

*The Company has sub-divided the face value of shares from Rs. 10/- to Re. 1/- as per provisions of Companies Act 2013


Mar 31, 2014

1) The previous year''s figures have been reworked, regrouped, rearranged and reclassified wherever necessary.

2) All the investments made by the company are valued at Cost .

3) Managerial Remuneration: -

4) The inventories of the company are value d as per cost price and market p rice which ever is less.

5) Deferred tax arising on account of timing difference and which are capable of reversal in one or more subsequent periods is recognised using the tax rates and tax laws that have been enacted or substantively enacted. Deferred tax assets are recognised unless there is virtual certainty with respect to the reversal of the same in future years.

6) The revised Schedule VI as notified under the companies Act,1956, has become applicable to the company for the presentation of its financial statements for the year ending March 31st, 2013. The adaptation of the revised Schedule VI requirements has significantly modified the presentation and disclosures which have been complied with in these financial statements Previous year figures have been reclassified in accordance with current year requirements.

7) All schedules annexed to and form integral part of the Balance Sheet and Profit & Loss Account.

8) Minimum Alternative Tax (MAT) is recognised as an asset only when and to the extent there is convincing evidence that the company will pay normal income tax during the specified period. The Company reviews the same at each balance sheet date and writes down the carrying amount of MAT Credit Entitlement to the extent there is no longer convincing evidence to the effect that company will pay normal Income Tax during the specified period.

9) Value of Import on CIF Basis Nil

10) Earnings in Foreign Exchange

(FOB Value) Nil

11) Expenditure in Foreign Currency Nil

12) The Company has no employee to whom the provisions of section 217 (2A) of the Companies Act, 1956 are applicable.


Mar 31, 2013

1) The inventories of the company are valued as per cost price and market price which ever is less.

2) Deferred tax arising on account of timing difference and which are capable of reversal in one or more subsequent periods is recognised using the tax rates and tax laws that have been enacted or substantively enacted. Deferred tax assets are recognised unless there is virtual certainty with respect to the reversal of the same in future years.

3) The revised Schedule VI as notified under the companies Act, 1956, has become applicable to the company for the presentation of its financial statements for the year ending March 31st, 2013. The adaptation of the revised Schedule VI requirements has significantly modified the presentation and disclosures which have been complied with in these financial statements Previous year figures have been reclassified in accordance with current year requirements.

4) All schedules annexed to and form integral part of the Balance Sheet and Profit & Loss Account.

5) Minimum Alternative Tax (MAT) is recognised as an asset only when and to the extent there is convincing evidence that the company will pay normal income tax during the specified period. The Company reviews the same at each balance sheet date and writes down the carrying amount of MAT Credit Entitlement to the extent there is no longer convincing evidence to the effect that company will pay normal Income Tax during the specified period.


Mar 31, 2012

1 PAYMENT TO AUDITORS

PARTICULARS As at March As at March

31, 2012 (Rs.) 31, 2011 (Rs.)

Audit Fee (All inclusive) 5,000 5,000

2 Provision for tax is based on the assessable profits of the company compute In accordance with the Income Tax Act, 1961.

3 In the opinion of the Board of Director all current assets, loans and advances have a value of realization in the ordinary course of business at least Equivalent of the amount of which they are stated unless otherwise and these are these are subject to confirmation.

4 As of March 31, 2012, the company had no outstanding dues to small scale Industrial undertakings.

5 Figures of the previous year have been regrouped or re-arranged wherever necessary.


Mar 31, 2011

1 PAYMENT TO AUDITORS

PARTICULARS As at March As at March 31, 2011 (Rs.) 31, 2010 (Rs.)

Audit Fee (All inclusive) 5,000 3,000

2 Provision for tax is based on the assessable profits of the company compute In accordance with the Income Tax Act, 1961.

3 In the opinion of the Board of Director all current assets, loans and advances have a value of realization in the ordinary course of business at least Equivalent of the amount of which they are stated unless otherwise and these are these are subject to confirmation.

4 As of March 31, 2011, the company had no outstanding dues to small scale Industrial undertakings.

5 Figures of the previous year have been regrouped or re-arranged wherever necessary.

 
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