Mar 31, 2014
1) The previous yearÂs figures have been reworked, regrouped, rearranged
and reclassified wherever necessary
2) All the investments made by the company are valued at Cost.
3) Managerial Remuneration: 63,226.00
4) The inventories of the company are valued as per cost price and
market price which ever is less.
5) Deferred tax arising on account of timing difference and which are
capable of reversal in one or more subsequent periods is recognised
using the tax rates and tax laws that have been enacted or
substantively enacted. Deferred tax assents are recognised unless there
is virtual certainty with respect to the reversal of the same in future
years.
6) The revised Schedule VI as notified under the companies Act,i9S6,
has became applicable to the company for the presentation of its
financial statements for the year ending March 31.2013. The adaptation
of the revised Schedule VI requirements has significantly modified the
presentation and disclosure which have been complied with in these
financial statements Previous year figures have been reclassified in
accordance with current year requirements.
7) All schedules annexed to and from integral part of the Balance Sheet
and Profit & Loss Account.
8) Minimum Alternative Tax (MAT) is recognised as an asset only when
and to the extent there is convicting evidence that the company will pay
normal income tax during the specified period. The Company reviews the
same at each balance sheet date and writes down the carrying amount of
MAT Credit Entitlement to the extent there is no longer convicting
evidence to the effect that company will pay normal Income Tax during
the specified period.
9) Value of Import on CIF Basis Nil
10) Earnings in Foreign Exchange (FOB Value) Nil
11) Expenditure in Foreign Currency Nil
12) The Company has no employee to whom the provisions of section 217
(2A) of the Companies Act, 1956 are applicable.
Mar 31, 2013
1) The inventories of the company are valued as per cost price and
market prica which ever is less.
2) Deffered tax arising on account of timing differeance and which are
capable of reversal in one or more subsequent periods is recognised
using the tax rates and tax laws that have been enacted or
substantively enacted. Deffered tax assests are recognised unless there
Is virtual certainty with respect to the reversal of the same in future
years.
3) The revised Schedule VI as notified under the companies Act.1956,
has become applicable to the company for the presentation of Its
financial statements for the year ending March 31.2013. The adoptation
of the revised Schedule VI requirements has significantly modified the
presentation and disclosure which have been complied with in these
financial statements Previous year figures have been reclassified in
accordance with current year requirements.
4) All schedules ennexed to and form integral part of the Balance Sheet
and Profit & Loss Account.
5) Minimum Alternative Tax (MAT) is recognised as an asset only when
and to the extent there is convicing evidence that the company will pay
normal income tax during the specefied period. The Company reviews the
same at each balance sheet date end writes down the carrying amount of
MAT Credit Entilement to the extent there is no longer convicing
evidence lo the effect that company will pay normal Income Tax during
the specified period.
Mar 31, 2012
1) Minimum Alternative Tax (MAT) is recognised as an asset only when
and he pay normal income tax during the specefied period. The Company
reviews the same at eawill pay normal carrying amount of MAT Credit
Entilement to the extent there is no longer conv.c.ng evidence to the
effect that company will pay normal Income Tax during the specified
period.
2) Value of Import on CIF Basis Nil
3) Earnings in Foreign Exchange (FOB Value) Nil
4) Expenditure in Foreign Currency Nil
5) The Company has no employee to whom the provisions ot section 217
(2A) of the Companies Act. 1956 are applicable.
Mar 31, 2011
A Retirement Benefits
Employees Provident Fund Act and Payment of Gratuity Act are not
applicable; hence no provision has been made.
B) Contingent Liability
As explained to us, there are no liabilities of a contingent nature.
Accounting policies not specifically referred to otherwise are
consistent and in consonance with generally accepted accounting
principles.
Additional information pursuant to provisions of para 3 and 4. of part
II of schedule - VI of the Companies Act. 1956 are not applicable to
the Company.