Mar 31, 2013
1.1 Provision, Contingent Liabilities and Contingent Assets
Provisions involving substantial degree of estimation in measurement
are recognized when there is a present obligation as a result of past
events and it is probable that there will be an outflow of resources.
Contingent liabilities are not recognized but are disclosed in the
notes. Contingent assets are neither recognized nor disclosed in the
financial statements.
1.2 The Current Assets. Loans & Advances has value equal to the amount
at which they are stated and provisions for known liabilities have been
made.
1.3 Notes are integral part of the Balance Sheet and Profit & Loss
Account.
1.4 The company does not have any suppliers under the Micro, Small &
Medium Enterprises Development Act, 2006 and hence disclosures, if any,
relating to amount unpaid as at the yearend together with interest
paid/payable as required under the said Act have not been provided.
1.5 All known liabilities have been provided for on the basis of
available information/ estimates.
1.6 Foreign exchange: There is no foreign exchange expenditures of the
company.
1.7 Estimated amount of contracts remaining to be executed capital
accounts is NIL.
1.8 Earning in Foreign Currency is NIL.
1.9 The Current Assets, Loans & Advances has value equal to the amount
at which they are stated and provisions for known liabilities have been
made.
* In the opinion of the Board the Current Assts, Loans & Advances have
been valued on realization in the ordinary course of Business.
Mar 31, 2012
1.1 The UPFC loan has been settled & all the assets have been released
by the UPFC.
1.2 Company has entered one time settlement scheme under UPSC has paid
off the settlement amount against by selling Fixed assets, Land,
Building and Plant & machinery.
1.3 The Current Assets, Loans & Advances has value equal to the amount
at which they are stated and provisions for known liabilities have been
made.
1.4 Notes are integral part of the Balance Sheet and Profit & Loss
Account.
1.5 The company does not have any suppliers under the Micro, Small &
Medium Enterprises development Act, 2006 and hence disclosures, if any,
relating to amount unpaid as at the yearend together with interest
paid/payable as required under the said Act have not been provided.
1.6 All known liabilities have been provided for on the basis of
available Information/ estimates.
1.7 Foreign exchange: There is no foreign exchange expenditures of the
company.
1.8 Estimated amount of contracts remaining to be executed capital
accounts is NIL.
1.9 Earning in Foreign Currency is NIL.
1.10 The Current Assets, Loans & Advances has value equal to the amount
at which they are stated and provisions for known liabilities have been
made.
1.11 A company does not have any information regarding status of
supplier under Micro, Small or Medium.
* All known liabilities have been provided.
* Contingent liabilities NIL.
* In the opinion of the board the Current Assts, Loans & Advances have
been valued on realization in the ordinary course of Business.
* Company has paid Rs 661408/- Income tax for the year 2004-05 under
the protest and matter is under appeal at CIT.
Mar 31, 2010
1 The possession of the plant of company at sikandarabad (U.P.) has
been taken over by the U.P.F.C.
2 The company has not provided for interest on term loan from UPFC from
F.Y. 2003-2004 onwards.
3 Estimated amount of contracts remaining to be executed on capital
accounts and not provided (net of advances) is Rs. NIL and previous
year also Rs. NIL.
4 Earning in Foreign Currency-NIL
5 The Companies does not own any amount to small scale Industrial
Undertaking as on 31st March, 2010.
6 Contingent Liability:
(a) The company has not provided for interest on term loan from UPFC.
The company is in negotiation for one time settlement with UPFC.
(b) There was one Income Tax demand against the company which the
company has won in ITAT, New Delhi now the case is being contested
through appeal in High Court of delhi by the IT department against the
company.
7 In the opinion of the Board, the current asstes, Loans & Aadvances
have been valued on realization in the ordinary course of business
equal to the aggregate amount stated in the balance sheet and all known
liabilities have been provided for.
8 Balances of sundry debtors, sundry creditors, loans and advances
recoverable are subject to reconciliation and confirmation.
9 The comparative figures have been regrouped and / or rearranged
wherever necessary and possible.
Mar 31, 2009
Not Available
Mar 31, 2008
1. The possession of the plant of company at Sikandrabad (U.P.) has
been taken over by the UP financial corporation.
2. The company has not provided for interest on term loan form UP
Financial corporation from financial year 2003-2004 onwards.
3. Estimated amount of contracts remaining to be executed on capital
accounts and not provided for (net of advances) Rs. NIL (Previous year
Rs. NIL)
4. CONTINGENT LILABILITY
(a) The Company has not provided interest on term loan from UP
financial Corporation. The Company is in negotiation for one time
settlement with the UP financial corporation.
(b) There are various Income Tax & Sales Tax demand which are being
constructed by the company.
5. In the opinion of the Board, the current Assets, Loans & Advances
have value on Realization in the ordinary course of business at least
equal to the aggregate amount states in the Balance Sheet and all
known liabilities have been provided for.
6. Balances of sundry Debtors, sundry Creditors, Loans & Advances
Recoverable are subject to re-conciliation and confirmation.
7. Remuneration paid to the Directors is as follow :
CURRENT PERIOD PREVIOUS PERIOD
Salary and Allowances NIL NIL
Sep 30, 1995
Contingent Liability not provided for- (Nil).
In the opinion of the Board, the Current Assets, Loans and Advances have a value on realisation in the ordinary course of business at least equal to the aggregate amount stated in the Balance Sheet and all known liabilities have been provided for.
The Company has extended its financial year from ending 31-03-95 to ending 30-09-95 and accordingly the financial year is a period of 18 months.
During the year under review, the Company's project to manufacture Plastic Roto Moulded products is under implementation. The Company, however, commenced its trading operations with effect from 1st October, 1994 and therefore, the Profit and Loss Account has been prepared for the period from 1st October, 1994 to 30th September, 1995.
All expenditure for the period from 1st April, 1994 to 30th September, 1994 and thereafter expenses attributable to the project under implementation has been transferred to Project and Pre-operative Expenditure (pending allocation) to fixed assets/other appropriate heads.
No provision has been made in respect to Technical Know-how Fees payable to Foreign Collaborators amounting to Rs. 5.20 lace. The same will be capitalised as and when paid.
In the absence of confirmation from various parties, the debit and credit balances of various parties included under "Sundry Debtors" and "Sundry Creditors" in the Balance Sheet are as per Ledger.
The Company has closed its financial year on 30th September for the purpose of compliance with the provisions of the Companies Act, 1956 as against 31st March being the previous year for Tax purposes as per provisions of Section 3 of Income Tax Act, 1961. Accordingly, in the absence of profit for the year ended on 31st March, 1995 no provision
has been made for the assessment year 1995-96.
The Company's profit for the period 1st April, 1995 to 30th
September, 1995 together with those for the subsequent period to 31st March, 1996 will be assessable as one composite income for the Assessment Year 1996-97 and in view of this, no provision for taxation has been made as the tax liability in respect of said period of six months cannot, be quantified at present.
Mar 31, 1994
Information not Reported