Mar 31, 2014
Not Available
Mar 31, 2013
1 Under the Micro Small and Medium Enterprises Development Act ,2006,
certain disclourses are required to be made relating to Micro,Small and
Medium Enterprises. There is no amount outstanding/payable to any
micro, small and medium enterprise.
2 The company has suspended manufacturing activities during the
financial year 2003-2004 and there are no intentions to resume the
manufacturing activities. In spite of these facts the accounts have
been prepared on the basis of going concern.
3 Corresponding figures of the previous year have been regrouped or
rearranged to make it comparable with this years''s figure, wherever
necessary.
4 In view of the fact that the company has suspended manufacturing
operations, particulars required to be furnished as per part-III of
Schedule-6 of the Companies Act, 1956 has not been furnished.
5 Tax expense comprises deferred taxes. :
Deferred income taxes reflects the impact of current year timing
differences between taxable income and accounting income for the year
and reversal of timing differences of earlier years. Deferred tax is
measured based on the tax rates and the tax laws enacted or
substantively enacted at the balance sheet date. Deferred tax assets
are recognised only to the extent that there is reasonable certainty
that sufficient future taxable income will be available against which
such deferred tax assets can be realised Deferred tax assets are
recognised on carry forward of unabsorbed depreciation and tax losses
only if there is virtual certainty that such deferred tax assets can be
realised against future taxable profits. Unrecognised deferred tax
assets of earlier years are re-assessed and recognised to the extent
that it has become reasonably certain that future taxable income will
be available against which such deferred tax assets can be realised
6 A. Provisions :
A provision is recognised when an enterprise has a present obligation
as a result of past events; it is probable that an outflow of resources
will be required to settle the obligation, in respect of which a
reliable estimate can be made. Provisions are not discounted to its
present value and are determined based on best estimate required to
settle the obligation at the balance sheet date. These are reviewed at
each balance sheet date and adjusted to reflect the current best
estimates. Contingent Liability is not recognized in the financial
statements but is disclosed.
Mar 31, 2012
1 Under the Micro Small and Medium Enterprises Development Act ,2006,
certain disclourses are required to be made relating to Micro,Small and
Medium Enterprises. The company is in the process of compling relevant
information from its suppliers about their coverage under the Act .
Since the revelant information is not presently available, no
disclosures have been made in the accounts.
2 The company has suspended manufacturing activities during the
financial year 2003-2004 and there are no intentions to resume the
manufacturing activities. In spite of these facts the accounts have
been prepared on the basis of going concern.
3 Corresponding figures of the previous year have been regrouped or
rearranged to make it comparable with this years''s figure, wherever
necessary.
4 In view of the fact that the company has suspended manufacturing
operations, particulars required to be furnished as per part-III of
Schedule-6 of the Companies Act, 1956 has not been furnished.
5 The company is having net deferred tax assets. Deferred tax assets,
which have arisen mainly on account of unabsorbed depreciation and
carried forward losses, have been considered for recognition, as there
is no virtual certainity that sufficient furture taxable income will be
available against which such deferred tax assets can be realized.
Therefore, net deferred tax asset has not been recognized in the
accounts of the company.
Mar 31, 2010
Not Available
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