Mar 31, 2015
1. Contingent Liabilities : NIL
2. The confirmation of balance has not been received in respect of
balance outstanding of Sundry Debtors, Sundry Creditors, Deposit, Loans
and Advances
3. Auditors Remuneration :
4. The company has huge unabsorbed losses and depreciation as at
31/03/2015 and they are eligible for set off against Income of future
year under income tax act and uncertainty of having taxable income
under normal provision of the income tax act, 1961. No deferred tax
assets in recognized in the books. The position will be reviewed every
financial year and deferred tax assets when considered realizable will
be recognized in the books.
Provision for MAT Rs. 1401398/- Has been made in accordance with
section 115 JB.
5. Previous year figures have been regrouped / rearranged wherever
necessary to confirm to current year's presentation.
6. Figures have been rounded off nearest to the Rupees.
7. A Writ petition filled in year 2012 before Hon'ble High Court M.P.
Bench at Indore against Madhya Pradesh Adyogik Kendra Vikas Nigam
(Indore) Limited, (MPAKVN Ltd) Indore and other parties with respect to
vacant land admeasuring 94462 Sq Mts, situated at Kheda Industrial
Area, Pithampur (M.P.)
8. There are no Micro, small and Medium enterprises , as defined in
the Micro , small and Medium Enterprises Development Act, 2006 to whom
the Company owes dues on account of principal amount together with
interest and accordingly no additional disclosures have been made
The above information regarding micro, small and medium enterprises
have been determined to the extent such parties have been identified on
the basis of information available with the Company. This has been
relied upon by the auditors.
Mar 31, 2014
1. Contingent Liabilities : NIL
2. The confirmation of balance has not been received in respect of
balance outstanding of Sundry Debtors, Sundry Creditors, Deposit, Loans
and Advances
3. Auditors Remuneration :
(Amount in Rs.)
Current Year Previous Year
Audit Fees Rs. 15000/- Rs. 15000/-
4. The company has huge unabsorbed losses and depreciation as at
31/03/2014 and they are eligible for set off against Income of future
year under income tax act and uncertainty of having taxable income
under normal provision of the income tax act, 1961. No deferred tax
assets in recognized in the books. The position will be reviewed every
financial year and deferred tax assets when considered realizable will
be recognized in the books.
Provision for MAT Rs. 1239689/- Has been made in accordance with
section 115 JB.
5. Previous year figures have been regrouped/rearranged wherever
necessary to confirm to current year''s presentation.
6. Figures have been rounded off nearest to the Rupees.
7. There are no Micro, small and Medium enterprises , as defined in
the Micro , small and Medium Enterprises Development Act, 2006 to whom
the Company owes dues on account of principal amount together with
interest and accordingly no additional disclosures have been made The
above information regarding micro, small and medium enterprises have
been determined to the extent such parties have been identified on the
basis of information available with the Company. This has been relied
upon by the auditors.
Mar 31, 2013
1. Contingent Liabilities : NIL
2. The confirmation of balance has not been received in respect of
balance outstanding of Sundry Debtors, Sundry Creditors, Deposit, Loans
and Advances
3. Auditors Remuneration :
(Amount in Rs.)
Current Year Previous Year
Audit Fees Rs. 15000/- Rs. 10000/-
4. The company has huge unabsorbed losses and depreciation as at
31/03/2013 and they are eligible for set off against Income of future
year under income tax act and uncertainty of having taxable income
under normal provision of the income tax act, 1961. No deferred tax
assets in recognized in the books. The position will be reviewed every
financial year and deferred tax assets when considered realizable will
be recognized in the books.
Provision for MAT Rs. 1276863/- Has been made in accordance with
section 115 JB.
5. Previous year figures have been regrouped / rearranged wherever
necessary to confirm to current year''s presentation.
6. Figures have been rounded off nearest to the Rupees.
7. There are no Micro, small and Medium enterprises , as defined in
the Micro , small and Medium Enterprises Development Act, 2006 to whom
the Company owes dues on account of principal amount together with
interest and accordingly no additional disclosures have been made
The above information regarding micro, small and medium enterprises
have been determined to the extent such parties have been identified on
the basis of information available with the Company. This has been
relied upon by the auditors.
8. Related Party Disclosures
Relatives of Key Management Personnel
Ketan Shah -
Associate Company
Cyano Finance & Sales Pvt Ltd. Sedate Mercantile Pvt Ltd.
Mar 31, 2012
1. Contingent Liabilities : NIL
2. The confirmation of balance has not been received in respect of
balance outstanding of Sundry Debtors, Sundry Creditors, Deposit, Loans
and Advances
3. None of the employees paid / payable salary exceeding Rs
24,00,000/- p.a.
4. Auditors Remuneration : Audit Fees : Rs. 10000/- 5. The company
has huge unabsorbed losses and depreciation as at 31/03/2012 and they
are eligible for set off
against Income of future year under income tax act and uncertainty of
having taxable income under normal provision of the income tax act,
1961. No deferred tax assets in recognized in the books. The position
will be reviewed every financial year and deferred tax assets when
considered realizable will be recognized in the books.
5. Previous year figures have been regrouped / rearranged wherever
necessary to confirm to current years presentation.
6. Figures have been rounded off nearest to the Rupees.
7. There are no Micro, small and Medium enterprises , as defined in
the Micro , small and Medium Enterprises Development Act, 2006 to whom
the Company owes dues on account of principal amount together with
interest and accordingly no additional disclosures have been made.
The above information regarding micro, small and medium enterprises has
been determined to the extent such parties have been identified on the
basis of information available with the Company. This has been relied
upon by the auditors..
8. During the financial year 2010-11 Company had reissued of 5712500
forfeited equity shares to the promoters and non promoters @ Rs. 7 each
and remaining amount has been transferred from forfeited reserve
account.
9. Related Party Disclosures :- Relative of Key Management Personnel
Ketan Shah : Salary : 357000/-
Mar 31, 2010
1. Contingent Liabilities : NIL
2. The confirmation of balance has not been received in respect of
balance outstanding of Sundry Debtors, Sundry Creditors, Deposit, Loans
and Advances.
3. None of the employees paid / payable salary exceeding Rs
24,00,000/- p.a.
4. Auditors Remuneration :
Audit Fees Rs. 10000/-
5. The company has huge unabsorbed losses and depreciation as at
31/03/2010 and they are eligible for set off against Income of future
year under income tax act and uncertainty of having taxable income
under normal provision of the income tax act, 1961. No deferred tax
assets in recognized in the books. The position will be reviewed every
financial year and deferred tax assets when considered realizable will
be recognized in the books.
6. The inventory of Rs. 13157.00 as on balance sheet date. During the
year stock amounting to Rs. 1544834.00 have been spoiled due to heavy
rains. Insurance claim of Rs. 1297985 00 have been taken against that
material which has been valued on cost or not
7. Previous year figures have been regrouped / rearranged wherever
necessary to confirm to current years
8. Figures have been rounded off nearest to the Rupees.
9. There are no Micro, small and Medium enterprises, as defined in the
Micro, small and Medium Enterprises Development Act, 2006 to whom the
Company owes dues on account of principal amount together with interest
and accordingly no additional disclosures have been made. The above
information regarding micro, small and medium enterprises has been
determined to the extent such parties have been identified on the basis
of information available with the Company. This has been relied upon by
the auditors..
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