Mar 31, 2015
1. Balance confirmation have not been received in certain cases. Thus
such balance due to or due from the parties are subject to necessary
adjustment on receipt of confirmation.
2. We relying the entry appearing in the books of accounts when ever
proper supporting not attached.
3. Additional information pursuant to the provision of paragraph 3 & 4
in part 11 of the Schedule vi of the companies act 1656 is not
applicable.
Mar 31, 2014
I) Pursuant to the Notification No.447 (E) dated February 28,2011 and
Notification No.653 (E) dated March 30, 2011, issued by the Ministry of
Corporate Affairs, the Company has prepared its financial statements
for the year ended March 31, 2014 as per revised schedules VI to the
Companies Act, 1956. Accordingly, the previous year''s figures have
been regrouped / reclassified, wherever required to align the financial
statements to the
1. Balance confirmation have not been received in certain cases. Thus
such balance due to or due from the parties are subject to necessary
adjustment on receipt of confirmation.
2. We relying the entry appearing in the books of accounts when ever
proper supporting not attached.
4. Additional information pursuant to the provision of paragraph 3 & 4
in part 11 of the Schedule vi of the companies act 1656 is not
applicable.
Mar 31, 2013
1. Balance confirmation have not been received in certain cases. Thus
such balance due to or due from the parties are subject to necessary
adjustment on receipt of confirmation.
2. We relying the entry appearing in the books of accounts when ever
proper supporting not attached.
3. Additional information pursuant to the provision of paragraph 3 & 4
in part 11 of the Schedule vi of the companies act 1656 is not
applicable.
Mar 31, 2012
(1) Figure for the previous year has been regrouped and re-casted
whenever necessary. Figures are rounded off to the nearest rupees.
(2) Depreciation has been provided on SLM basis by adopting the rates
prescribed under schedule XIV of the companies act, 1956. Deprecation
on addition for the year has been provided on prorate period of uses.
(3) In the absence of taxable profit arising in the foreseeable future,
deferred tax as per accounting standard-22 prescribed by the institute
of chartered accountants of India, arising on the timing difference on
account of carried forward losses has not been considered.
(4) During the year company has written of stores, coal and spares.
Actual capacity in terms of fabric is as per certificate given by
management of which Auditors have relied.
License required but the company is registered with textile
commissioner under Registration Certificate No. RC/(p)71 in the year
1983.
Manufacturing activities are suspended during the year due to labour
unrest there is no production.
SALES PURCHASE OPENING AND CLOSING STOCK
Sales
There are no sales during the year.
RAW MATERIAL CONSUMED
There is no consumption of raw material during the year.
No provision has been made for Income tax for the current year in the
absence of taxable profits.
In the opinion of Board, all the Current Assets, Loans & Advances have
a value on realization in the ordinary course of business at least
equal to the amount at which they are stated except as expressly stated
otherwise.
Balance of Sundry Debtors, Sundry Creditors and Loans & Advances are
subject to the confirmation which includes certain old balances.
Mar 31, 2010
(1) Figure for the previous year have been regrouped and recasted
whenever necessary. Figures are rounded off to the nearest rupees.
(2) Depreciation has been provided on SLM basis by adopting the rates
prescribed under schedule XIV of the companies act, 1956. Deprecation
on addition for the year has been provided on prorate period of uses.
(3) In the absence of taxable profit arising in the foreseeable future,
deferred tax as per accounting standard-22 prescribed by the institute
of chartered accountants of India, arising on the timing difference on
account of carried forward losses has not been considered.
(4) During the year company has written of stores, coal and spares.
Actual capacity in terms of fabric is as per certificate given by
management of which Auditors have relied.
License required but the company is registered with textile
commissioner under Registration Certificate No. RC/(p)71 in the year
1983.
Manufacturing activities are suspended during the year due to labour
unrest there is no production.
SALES PURCHASE OPENING AND CLOSING STOCK
Sales
There is no sales during the year.
RAW MATERIAL CONSUMED
There is no consumption of raw material during the year.
No provision has been made for Income tax for the current year in the
absence of taxable profits.
In the opinion of Board, all the Current Assets, Loans & Advances have
a value on realization in the ordinary course of business at least
equal to the amount at which they are stated except as expressly stated
otherwise.
Balance of Sundry Debtors, Sundry Creditors and Loans & Advances are
subject to confirmation which include certain old balances.
Figures in Bracket represent previous year figures.
Provision for gratuity has not been made since the company has decided
to follow accounting system on cash basis.