Mar 31, 2015
1) The deferred tax assets has not been recognized as the company has
huge unabsorbed deprecation and carry forwards losses under the income
tax Act and there is no virtual certainty supported by convincing
evidence that sufficient future taxable income will be available
against which such deferred tax asset can be realized.
2) The activities of the Hatchery, Aquaculture and Processing unit
have been suspended in general.
3) Loans and Advances include an amount of Rs2,62,807/- being ESI
paid under Protest.
4) Contingent Liabilities
a) Claim against the company towards listing fee for stock exchange not
acknowledged as debts, as the trading of the shares of the Company is
under suspension. Since claims against the company are not available,
the liabilities have not been ascertained. The company is taking
necessary steps for lifting of suspension and dues to stock exchanges
shall be paid in due course time.
b) ESI has made claim against the Company amounting to Rs.9, 63,627/-
against which Rs. 2, 62,807/- is paid under protest. The matter is
under sub-judice.
5) No provision has been made for impairment of Assets as the
realizable value of assets has been increased substantially.
6) The Company does not owe to any micro, small scale and medium
enterprises for which disclosure is not required under Micro, Small and
Medium enterprises Development Act, 2006.
Mar 31, 2014
I) The deferred tax assets has not been recognised as the Company has
huge unabsorbed depreciation and carry forward losses under the Income
Tax Act and there is no virtual certainty supported by convincing
evidence that sufficient future taxable income will be available
against which such deferred tax asset can be realised.
ii) The activities of the Hatchery, Aquaculture and Processing unit
have been suspended in general.
iii) Loans and Advances include an amount of Rs.2,62,807/- being ESI
paid under protest.
iv) Contingent Liabilities
a) Claim against the Company towards listing fee for stock exchanges
not acknowledged as debts, as the trading of the shares of the Company
is under suspension. Since claims against the company are not
available, the liabilities have not been ascertained. The company is
taking necessary steps for lifting of suspension and dues to stock
exchanges shall be paid in due course of time.
b) ESI has made claim against the Company amounting to Rs.9,63,627/-
against which Rs.2,62,807/- is paid under protest. The matter is under
sub-judice.
iv) No provision has been made for impairment of Assets as the
realisable value of Assets has been increased substantially.
v) The Company does not owe to any micro, small scale and medium
enterprises for which disclosure is not required under Micro, Small and
Medium enterprises Development Act, 2006.
Mar 31, 2013
I) The deferred tax assets has not been recognised as the Company has
huge unabsorbed depreciation and carry forward losses under the Income
Tax Act and there is no virtual certainty supported by convincing
evidence that sufficient future taxable income will be available
against which such deferred tax asset can be realised.
ii) The activities of the Hatchery, Aquaculture and Processing unit
have been suspended in general.
iii) Loans and Advances include an amount of Rs.2,62,807/- being ESI
paid under protest.
iv) Contingent Liabilities
a) Claim against the Company towards listing fee for stock exchanges
not acknowledged as debts, as the trading of the shares of the Company
is under suspension. Since claims against the company are not
available, the liabilities have not been ascertained. The company is
taking necessary steps for lifting of suspension and dues to stock
exchanges shall be paid in due course of time.
b) ESI has made claim against the Company amounting to Rs.9,63,627/-
against which Rs.2,62,807/- is paid under protest. The matter is under
sub-judice.
v) No provision has been made for impairment of Assets as the
realisable value of Assets has been increased substantially.
iv) The Company does not owe to any micro, small scale and medium
enterprises for which disclosure is not required under Micro, Small and
Medium enterprises Development Act, 2006.
Mar 31, 2012
1. The deferred tax assets has not been recognised as the Company has
huge unabsorbed depreciation and carry forward losses under the Income
Tax Act and there is no virtual certainty supported by convincing
evidence that sufficient future taxable income will be available
against which such deferred tax asset can be realised.
2. The activities of the Hatchery, Aquaculture and Processing unit
have been suspended in general.
3. Loans and Advances include an amount of Rs. 2,62,807/- being ESI
paid under protest.
4. Contingent Liabilities:
a) Claim against the Company towards listing fee for stock exchanges
not acknowledged as debts, as the trading of the shares of the Company
is under suspension. Since claims against the company are not
available, the liabilities have not been ascertained. The company is
taking necessary steps for lifting of suspension and dues to stock
exchanges shall be paid in due course of time.
b) ESI has made claim against the Company amounting to Rs.9,63,627/-
against which Rs.2,62,807/- is paid under protest. The matter is under
sub-judice.
5. No provision has been made for impairment of Assets as the
realisable value of Assets has been increased substantially.
6. The Company does not owe to any micro, small scale and medium
enterprises for which disclosure is not required under Micro, Small and
Medium enterprises Development Act.2006.
Mar 31, 2010
1. The deferred tax assets has not been recognised as the Company has
huge unabsorbed depreciation and carry forward losses under the Income
Tax Act and there is no virtual certainty supported by convincing
evidence that sufficient future taxable income will be available
against which such deferred tax asset can be realised.
2. The activities of the Hatchery, Aquaculture and Processing unit
have been suspended in general.
3. Loans and Advances include an amount of Rs. 2,62.807/- being ESI
paid under protest.
4. Contingent Liabilities:
a) Claim against the Company towards listing fee for stock exchanges
not acknowledged as debts. as the trading of the shares of the Company
is under suspension. Since claims against the company are not
available, the liabilities have not been ascertained. The company is
taking necessary steps for lifting of suspension and dues to stock
exchanges shall be paid in due course of time.
b) ESI has made claim against the Company amounting to Rs.9,63,627/-
against which Rs.2,62,807/- is paid under protest. The matter is under
sub-judice.
5. No provision has been made for impairment of Assets as the
realisable value of Assets has been increased substantially.
7. The Company does not owe to any micro, small scale and medium
enterprises for which disclosure is not required under Micro. Small and
Medium enterprises Development Act,2006.
V. Generic Names of Three Principal Products/Services of
Company (as per monetary terms)
6. Figures are rounded of to the nearest rupee and previous years
figures have been regrouped wherever necessary to conform to current
years classification.
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