Mar 31, 2015
1. shareholders:
The company has only one class of equity shares having face value of
10/- each. Every shareholder is entitled for one vote per share. The
dividend proposed by the Board of Directors is subject to approvalof
shareholder except in case of interim dividend. In the event of
liquidation, the equity shareholders are entitled to receive the
remaining assets of the company, after distribution of all preferential
amounts, in proportion of their shareholding.
Mar 31, 2013
A BASIS OF PRESENTATION
The Company maintains its accounts on accrual basis following
historical cost convention to comply in all material respects with the
Accounting Standards notified by Companies (Accounting Standards)
Rules, 2006 (as amended) and the relevant provisions of the Companies
Act, 1956 and the Rules. Management makes estimates and technical and
other assumptions regarding the amounts of income and expenses, assets
and liabilities, and disclosure of contingencies, in accordance with
Generally Accepted Accounting Principles in India in the preparation of
the financial statements. Differences between the actual results and
estimates are recognized in the period in which they are determined.
Mar 31, 2011
1. There is no estimated amount of the contracts remaining to
executed net of advances and not provided for on capital accounts as
at the balance sheet date. The Company does not have any contingent
liabilities as on the balance sheet date.
2. The balances of Sundry Creditors, Sundry Debtors, Loans & Advances,
secured and unsecured loans and other current Assets & Liabilities
appearing in the book of account are subjects to confirmation &
reconciliation, if any
3. In the opinion of Board and as certified by the Managing Director
all the expenses charged to revenue are genuine and have been solely
and exclusively incurred for the business of the company. Ail the cash
transaction covering receipts and payments are genuine and carried
out of business expediency.
4. The company is in the process of identifying suppliers covered
under the Interest on Delayed Payment to Small Scale & Ancillary
Industrial Undertaking Act, 1993 and is yet to ascertain and account
for the liability.
5. As required by AS-22, no deferred tax assets is created as in the
view of the management, the company may not have any tax liabilities in
near future to compensate the deferred tax assets.
6. During the year the company has written off Rs. 8.12 Laces due to
other liability, the same is shown in other income as the same is no
longer payable.
7. Sundry Debtors include the following amount due from directors,
their relatives, other parties and companies in which directors or
their relatives are interested as proprietors, partners or directors.
8. All the figures are rounded off to the nearest rupee.
9. Previous year''s figure have been regrouped and recast to correspond
with the figure of current year wherever necessary.
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