Mar 31, 2014
I. SYSTEM OF ACCOUNTING
The Company adopts the Mercantile System of Accounting in the
preparation of Accounts.
ii. FIXED ASSETS
There are no Fixed Assets in the Company.
iii. RECOGNITION OF INCOME & EXPENDITURE
Revenues/ incomes and Costs/ Expenditures are generally accounted
for on accrual basis.
2. NOTES ON ACCOUNTS:-
i. In the opinion of the Board:-
a. The current assets, loans and advances are approximately of the
value stated, if realised in the ordinary course of business.
b. The provision for all known liabilities is adequate and not in
excess of the amount reasonably necessary.
ii. Deferred Tax Asset - NIL
iii. In absence of taxable profits, no provision for tax liability has
been made.
iv. Related Party Discloser - Loans availed or Advances granted with
the Following entities that are part of promoter group companies:
v. Auditors information pursuant to the part II of the Schedule - VI
to the Companies Act, 1956 (as certified by the management and relied
upon by the auditors) is as follows:-
Auditor''s remuneration
Details 2013-2014 2012-2013
Audit Fee 22,472 19,102
Other Matters
Total 22,472 19,102
vi. The company being a trading concern, quantitative information with
regard to the licensed capacity, installed capacity and production of
principle items manufactured are not applicable.
3. Previous year figures have been regrouped/ recast, wherever
necessary.
4. Information pursuant to the provision of Part-ll of Schedule-VI of
the Companies Act, 1956 should be read as Nil/ Not Applicable.
Mar 31, 2013
I. SYSTEM OF ACCOUNTING
The Company adopts the Mercantile System of Accounting in the
preparation of Accounts.
ii. FIXED ASSETS
There are no Fixed Assets in the Company.
iii. RECOGNITION OF NCOME & EXPENDITURE
Revenues/ Incomes and Costs/ Expenditures are generally accounted for
on accual basis.
Mar 31, 2012
I. SYSTEM OF ACCOUNTING
The Company adopts the Mercantile System of Accounting in the
preparation of Accounts. ''
ii. FIXED ASSETS
There are no Fixed Assets in the Company.
iii. RECOGNITION OF INCOME & EXPENDITURE
Revenues/ Incomes and Costs/ Expenditures are generally accounted for
on accrual basis.
Mar 31, 2010
I. SYSTEM OF ACCOUNTING
The Company adopts the Mercantile System of Accounting in the
preparation of Accounts.
ii. FIXED ASSETS
Fixed Assets are stated at cost of Acquisition less depreciation
determined on the written down value method at the rates specified in
Schedule - XIVof the Companies Act, 1956. However, there are no Fixed
Assets as at the end of the accounting period.
iii. RECOGNITION OF INCOME & EXPENDITURE
Revenues Incomes and Costs Expenditures are generally accounted for on
accrual basis.