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Notes to Accounts of SV Trading & Agencies Ltd.

Mar 31, 2015

1.1 Other notes -

a) There is no impairment of assets as per AS 28 issued by ICAI.

b) There are no due to Small/Micro undertaking.

c) Contingent Liabilities: - NIL

d) In the opinion of the Board, the Current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount which they are stated in the Balance Sheet and provision for all known and determined liabilities is adequate and not in Excess of amount reasonably required. Further balances are subject to confirmation.

e) Previous year figures have been regrouped, reclassified and recast wherever considered necessary.

f) Figures have been rounded off to nearest rupee.

As per our attached report of even date


Mar 31, 2014

1. Some of the balances of sundry debtors, sundry creditors, deposits, loans and advances and unsecured loan are subject to confirmation and adjustments necessary upon reconciliation, if any consequential impact thereof on the financial statement is not ascertainable.

2. In the opinion of the Board, the Current Assets, Loans, and advances are approximately of the value stated in the Balance Sheets if realised in ordinary courses of the business and the provision of all known liabilities is made and is adequate and is not in excess of the amount reasonable considered necessary.

The Company does not have any outstanding dilutive potential equity shares. Consequently, the basic and diluted earning per share of the company remain the same.

3. In view of time limitations on carry forward of losses and as a matter of prudence Deferred Tax Assets arising on account of brought forward losses and unabsorbed Depreciation under tax laws has not been recognised.

4. The Accounts are prepared on a going concern basis inspite of accumulated losses exceeding the paid up share capital and reserve & surplus.

5. Other additional information pursuant of the provisions of paragraph 3, 4C and 4D of part II of schedule VI of Companies Act, 1956, are not applicable to the company.

6. Previous years figures are regrouped, reclassified and recasted whenever necessary.


Mar 31, 2013

1. Contingent Liabilities not provided for in respect of partly paid shares Rs.3,990/- (Previous Year Rs.3,990/-)

2. Some of the balances of sundry debtors, sundry creditors, deposits, loans and advances and unsecured loan are subject to confirmation and adjustments necessary upon reconciliation, if any consequential impact thereof on the financial statement is not ascertainable.

3. In the opinion of the Board, the Current Assets, Loans, and advances are approximately of the value stated in the Balance Sheets if realised in ordinary courses of the business and the provision of all known liabilities is made and is adequate and is not in excess of the amount reasonable considered necessary.

4. Investment includes 8,626 shares (Cost Rs.5,48,017/-) of Orison Enterprises limited (previous Year 8,626 shares cost Rs.5,48,017/-) held by the Company on behalf of the subscribers


Mar 31, 2012

1. Contingent Liabilities not provided for in respect of partly paid shares Rs.3,990/- (Previous Year Rs.3,990/-)

2. Some of the balances of sundry debtors, sundry creditors, deposits, loans and advances and unsecured loan are subject to confirmation and adjustments necessary upon reconciliation, if any consequential impact thereof on the financial statement is not ascertainable.

3. In the opinion of the Board, the Current Assets, Loans, and advances are approximately of the value stated in the Balance Sheets if realized in ordinary courses of the business and the provision of all known liabilities is made and is adequate and is not in excess of the amount reasonable considered necessary.

4. Investment includes 8,626 shares (Cost Rs.5,48,017/-)of Orison Enterprises limited (previous Year 8,626 shares cost Rs.5,48,017/-) held by the Company on behalf of the subscribers.

5. Earnings per shares:

Particulars Year ended Year ended

31.03.2012 31.03.2011

Net Profit/(Loss) attributable to share holder (in Rs.) 16,53,659 (11,62,316)

Weighted average number of equity shares (in No.) 1,00,000 1,00,000

Basic earning per shares of Rs. 10/-each 16.54 (11.62)

The Company does not have any outstanding dilutive potential equity shares. Consequently, the basic and diluted earning per share of the company remain the same.

6. In view of time limitations on carry forward of losses and as a matter of prudence Deferred Tax Assets arising on account of brought forward losses and unabsorbed Depreciation under tax laws has not been recognized.

7. The Accounts are prepared on a going concern basis in spite of accumulated losses exceeding the paid up share capital and reserve & surplus.

8. Quantitative details of Inventories (Shares & Debentures)

9. Other additional information pursuant of the provisions of paragraph 3, 4C and 4D of part II of schedule VI of Companies Act, 1956, are not applicable to the company.

10. Previous years figures are regrouped, reclassified and recasted whenever necessary.


Mar 31, 2010

1. Contingent Liabilities not provided for in respect of partly paid shares Rs.3,990/- Previous Year Rs.3,990/-)

2. Some of the balances of sundry debtors, sundry creditors, deposits, loans and advances and unsecured loan are subject to confirmation and adjustments necessary upon reconciliation, if any consequential impact thereof on the financial statement is not ascertainable.

3. In the opinion of the Board, the Current Assets, Loans, and advances are approximately of the value stated in the Balance Sheets if realised in ordinary courses of the business and the provision of all known liabilities is made and is adequate and is not in excess of the amount reasonable considered necessary.

4. Investment includes 8,626 shares (Cost Rs.5,48,017/-) of Oricon Enterprises limited (previous Year 8,626 shares cost Rs.5,48,017/-) held by the Company on behalf of the subscribers

5. Related Party Disclosure

Disclosure requirement as per Accounting Standard 18(AS-18) "Related Party Discloures" issued by the institute of Chartered Accountants of India .

List of Related Parties:

a) Key Management Personnel

1 Mr. Rajendra Somani Director

2 Mr. Surendra Somani Director

3 Mr. Adarsh Somani Director

6. In view of time limitations on carry forward of losses and as a matter of prudence Deferred Tax Assets arising on account of brought forward losses and unabsorbed Depreciation under tax laws has not been recognised.

7. The Accounts are prepared on a going concern basis inspite of accumulated losses exceeding the paid up share capital and reserve & surplus.

8. Quantitative details of Inventories (Shares & Debentures)

9. Other additional information pursuant of the provisions of paragraph 3, 4C and 4D of part II of schedule VI of Companies Act, 1956, are not applicable to the company.

10. Previous years figures are regrouped, reclassified and recasted whenever necessary.

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