Notes to Accounts of Vandana Knitwear Ltd.

Mar 31, 2015

Not available

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Mar 31, 2014

1. In the opinion of the Board, the current assets, loans and advances are approximately of the value stated if realized in the ordinary course of the business, the provision for all known liabilities is adequate and no in excess of the amount considered reasonably necessary.

2. Contingent Liabilities not provided for : Nil. (Previous Year :NIL)

3. There is no liability in respect of retirement benefits as on 31.03.2014.

4. Auditor''s Remuneration

Sr No. Particulars 31.03.2014 31.03.2013

1 Statutory Audit Fees 25,000 20,000

2 Tax Audit Fees 20,000 10,000

3 Other Charges 31,000 10,000

Total (Excluding Service Tax) 76,000 40,000

5. DEFERRED TAX

In view of the uncertainty attached with the future profitability of the Company and lack of any convincing evidence that sufficient future taxable income would be available, company has decided not to recognize any Deferred Tax Asset in respect of the timing differences outstanding at the beginning of the year as well as those arisen during the year.

However the company has recognized the Deferred Tax Liability in respect of Depreciation excess charged in the Income tax:

6. EARNING PER SHARE

Sr No. Particulars 31.03.2014 31.03.2013

1 Net Profit as per 14,20,239 11,41,121 Profit and Loss Account

2 Number of Shares: 10,69,85,070 10,69,85,070 Weighted (Re.1/- per share) (PY Rs.1/- per share)

3 Basic and Diluted 0.01 0.01 Earning Per Share

7. Expenditure in Foreign Currency - NIL

(Previous year Rs. NIL/-)

8. Based on the information available with the company, no creditors have been identified as "supplier" within the meaning of "Micro, Small and Medium Enterprises Development (MSMED) Act, 2006."

9. Figures ofthe previous year have been regrouped rearranged and recast wherever necessary, to make them comparable with the figures or the current year.

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Mar 31, 2013

1. In the opinion of the Board, the current assets, loans and advances are approximately of the value stated if realized in the ordinary course of the business, the provision for all known liabilities is adequate and no in excess of the amount considered reasonably necessary.

2. Contingent Liabilities not provided for : Nil. (Previous Year :NIL)

3. There is no liability in respect of retirement benefits as on 31.03.2013.

4. DEFERRED TAX

In view of the uncertainty attached with the future profitability of the Company and lack of any convincing evidence that sufficient future taxable income would be available, company has decided not to recognize any Deferred Tax Asset in respect of the timing differences outstanding at the beginning of the year as well as those arisen during the year.

However the company has recognized the Deferred Tax Liability in respect of Depreciation excess charged in the Income tax:

5. Expenditure in Foreign Currency - NIL (Previous year Rs. NIL/-)

6. Based on the information available with the company, no creditors have been identified as "supplier" within the meaning of "Micro, Small and Medium Enterprises Development (MSMED) Act, 2006."

7. Figures of the previous year have been regrouped rearranged and recast wherever necessary, to make them comparable with the figures or the current year.

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Mar 31, 2012

A. CORPORATE INFORMATION

Vandana Knitwear Limited (Formerly known as Trendy Knitwear Limited) is a public limited company domiciled in India incorporated under the provisions of the Companies Act, 1956. Its shares are listed on Bombay Stock Exchanges in India. The company is engaged in Textile Garment & Fabrics. The company caters to domestic markets.

1 . The balances of sundry debtors & sundry creditors are subject to confirmation.

2. In the opinion of Board of Directors, the Current Assets, Loans and advances have value on realization in ordinary course of business at least equal to the amount at which they are stated.

3. There are no amounts payable to any small scale industrial undertaking as identified by the management from the information available with the company and relied upon by the Auditors.

4. Figures of the previous year have been regrouped, recast and rearranged wherever necessary to make them comparable with those of current year.

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Mar 31, 2009

1. The Balances of the Sundry Debtors and Sundry Creditors are subject to confirmation.

2. In the opinion of the Board of Directors, all Current Assets, Loans & Advances are expected to realize at lease equal to the amount at which they are stated, if realized in the ordinary course of business and provisions of all known liabilities have been adequate made in accounts.

3. There are no amounts payable to any small scale industrial undertaking as identified by the management from the information available with the company and relied upon by the Auditors.

4. Opening stock, Purchases, sales and closing stock in respect of goods

5. Figures of the previous year have been regrouped, recast and rearranged wherever necessary to make them comparable with those of current year.

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Mar 31, 2008

1. Contingent Liabilities :

Particulars 2007-2008 2006-2007

Contingent Liabilities Nil Nil

2. In the opinion of the Board of Directors, all the Current Assets, Loans & Advances are expected to realize, in the ordinary course of business, at least equal to the amount at which they are stated in the Balance Sheet.

3. Loans & Advances and Deposits are subject to confirmation/reconciliation and consequential adjustments, if any.

4. There are no amounts payable to any small scale industrial undertaking as identified by the management from the information available with the company and relied upon by the Auditors.

5. Figures of the previous year have been regrouped, recast and rearranged wherever necessary to make them comparable with those of current year.