Mar 31, 2014
1. The confirmation of parties balances relating to sundry debtors,
sundry creditors, loans and advances has not been obtained. The sundry
debtors and advances are recoverable in the opinion of the management.
2. SEGMENT REPORTING
The company is operating in a single segment and hence the segment
reporting is not applicable to the company
3. MICRO, SMALL AND MEDIUM ENTERPRISES:
Sundry Creditors includes amount due to SSI as on 31.03.14: Rs.NIL
(NIL) with available information from Micro, Small and Medium
Enterprises regarding their registration with Central/State Government
authorities the disclosure as per Sec 23 of The Micro Small Medium
Enterprises Development Act 2006 is made.
4. During the year the company has written off its unused rights for
the value of Rs. 84,21,051
5. CONTINGENT LIABILITES:
Rs. in Lakhs
a) Disputed Income tax Demand for the Year 2001-2002 91.71
(out of which Rs.30 lakhs paid under protest)
6. The current financial year of the company relates to a period of 11
months and hence cannot be strictly compared to the previous year which
relates to twelve months.
Apr 30, 2013
A. Previous years figures have been regrouped / recast wherever
necessary.
b CONTINGENT LIABILITES:
Rs. in Lakhs
a) Disputed Income tax Demand for the Year 2001-2002 91.71
(out of which Rs.30 lakhs paid under protest)
c The current financial year of the company relates to a period of 11
months and hence cannot be strictly compared to the previous year which
relates to thirteen months
May 31, 2012
A. Fixed assets;
No depreciation has been claimed on fixed assets amounting to
Rs22,00,00,000/- in respect of which asssets are stated to have been
received but not installed. The software for these assets are to be
received and installed.
d. SEGMENT REPORTING
The company is operating in a single segment and hence the segment
reporting is not applicable to the company
c. MICRO, SMALL AND MEDIUM ENTERPRISES:
Sundry Creditors includes amount due to SSI as on 31.05.12: Rs.NIL
(NIL) with available information from Micro, Small and Medium
Enterprises regarding their registration with Central/State Government
authorities the disclosure as per Sec 23 of The Micro Small Medium
Enterprises Development Act 2006 is made.
g. SUNDRY DEBTORS, LOANS AND ADVANCES:
a. Sundry Debtors, Loans and Advances and Deposits are subject to
confirmation and reconciliation. However in the opinion of the
management, these Current Assets are realizable in the ordinary course
of the business at the values as stated in the accounts.
b. During the Year the company has written of its sundry debtors which
have been attached by the income tax department amounting to Rs.
19,31,35,673/-.
j. CONTINGENT LIABILITES:
Rs. in Lakhs
a) Disputed Income tax Demand for the Year 2001-2002 91.71
(out of which Rs.30 lakhs paid under protest)
k. The current financial year of the company relates to a period of 13
months and hence cannot be strictly compared to the previous year which
relates to twelve months.
l. Some of the bank accounts of the company and receivables from
debtors have been under attachment for recovery of tax dues by the
Income tax department which have been written off during the year. The
company has submitted a monthly scheme of settlement of tax dues which
is under consideration by the income tax department.
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