Notes to Accounts of Kuber Udyog Ltd.

Mar 31, 2015

1.(ii) Terms/ right attached to Equity Shares

The Company has Only one Class of equity shares having par value of Rs.10 per Shares. Each holder of Equity Shares is Entitled to one vote per share. In the event of liquidation of the company, the holders of equity share will be entitled to receive remaning assets of the Company, after distribution of all preferential amount. The distribution will be in proportion to the number of equity shares held by the shareholders.

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Mar 31, 2014

1. SHARE CAPITAL:

a) Terms/ Right attached to the Equity Shares:

The company has only one class of equity shares having par value of Rs.10/- per share. Each holder of equity share is entitled to one vote per share. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The equity shareholder is entitled for dividend as and when approved in the annual general meeting of the company.

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Mar 31, 2013

1. BASIS OF ACCOUNTING AND PREPARATION OF FINANCIAL STATEMENTS:

The financial statements have been prepared on the historic cost convention, on an accrual basis and in accordance with the Accounting Standards notified by the Companies (Accounting Standard) Rules 2006 and the relevant provisions of the Companies Act, 1956.

The Preparation of the financial statements requires the management to make estimates and assumptions considered in the reported amounts of assets and liabilities and income and expenses during the reported period. The management believes that the estimates used in the preparation of the financial statement are prudent and reasonable. The difference between the actual results and the estimates are recognized in the periods in which the results are materialized.

2. REVENUE RECOGNITION:

INCOME:

The Company recognizes income on accrual basis, However where the ultimate collection of the same lacks reasonable certainty, revenue recognition is postponed to the extent of uncertainty.

i) Income from dividend is recognized as and when such dividend has been declared and the Company's right to receive payment is established.

ii) Profit/ loss on sale of investments if any is recognized on the contract date.

3. INVESTMENTS:

Long Term Investments are stated at cost.

4. Deferred Tax Assets have not been recognized, as there is no reasonable certainty for setting off the same.

5. Contingent liability as at the close of the year- NIL

6. Auditors' remuneration as Audit fee for the year Rs. 1,685/- (Previous year Rs. 1,685/-).

7. Estimated amount of contracts remaining to be executed - NIL

8. The information required to be given pursuant to the provisions of the paragraph 3, 4, 4-A, 4-C and 4-D of Part II of Schedule VI of the Companies Act, 1956 is not applicable to the Company.

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Mar 31, 2012

1. TERMS OF RIGHT ATTACHED TO EQUITY SHARES:

THE COMPANY HAS ONLY CLASS OF EQUITY SHARES HAVING PAR VALUE OF RS. 10/- PER SHARE. EACH HOLDER OF EQUITY SHARE IS ENTITLED TO ONE VOTE PER SHARES. IN THE EVENT OF LIQUIDATION OF THE COMPANY, THE HOLDERS OF EQUITY SHARES WILL BE ENTITLED TO RECEIVE REMAINING ASSETS OF THE COMPANY AFTER DISTRIBUTION OF ALL PREFERENTIAL AMOUNTS. THE EQUITY SHAREHOLDERS ARE ENTITLED FOR DIVIDEND AS AND WHEN APPROVED IN THE ANNUAL GENERAL MEETING OF THE COMPANY.