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Notes to Accounts of Archon Industries Ltd.

Mar 31, 2014

1. Contingent Liabilities:

2013-14 2012-13

Claims not acknowledged as debts Nil Nil

Estimated value of contracts remaining to be executed on capital account and Nil Nil not provided for

2. The Debit and Credit balances of debtors, creditors, loans and advances are subject to confirmation and reconciliation, if any and they are stated in the Balance Sheet if realized in the ordinary course of business. The provision for all known liabilities is adequate and not in excess of the amount reasonably necessary.

3. Related Party Disclosure-

a) Related Party And Their Relationship: Not Applicable

b) Transaction with Related Parties: Not Applicable

4. Segment Reporting

In the absence of operations details of segment wise revenue and expenses etc. have not been given.

5. Figures have been rounded off to the nearest rupee and figures of previous year have been regrouped, reclassified and readjusted wherever found necessary.


Mar 31, 2013

1. Sundry Creditors, Sundry Debtors, Loans & Advances have been taken at their book value subject to confirmation and reconciliation.

2. Loans and Advances are considered good in respect of which company does not hold any security other than the personal guarantee of persons.

3. Loans and advances includes amount outstanding from directors or/and Company in which directors are interested. Maximum Balance during the year:

4. Additional information pursuit to provision of paragraph 3 and 4 of part II of the schedule VI of the companies Act, 1956 is Nil or none except given below.

(a) Consumption of consumables and raw material have been arrived by adding purchases to opening stock and deducted closing stock there from.

5. unsecured loans & Advances:

(a) All the unsecured loans have been guaranteed personally by one of the director of company.

6. The SSI status of the creditors is not known to the company; hence the information is not given.

7. Previous year figures have been regrouped or rearranged whenever necessary.

Signature to Schedule "A" to "O" of Balance sheet and "1" to "8" of Profit and Loss account In terms of Our Separate Report of Even Date Attached


Mar 31, 2012

1. Sundry Creditors, Sundry Debtors, Loans & Advances have been taken at their book value subject to confirmation and reconciliation.

2. Loans and Advances are considered good in respect of which company does not hold any security other than the personal guarantee of persons.

3. Loans and advances includes amount outstanding from directors or/and company in which directors are interested. Maximum Balance during the year.

4. Unsecured loans & Advances:

(a) All the unsecured loans have been guaranteed personality by one of the director of company.

5. The SSI status of the creditors is not known to the company; hence the information is not given.

6. Pervious year figures have been regrouped or rearranged whenever neccessary.

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