| NOTE : 1
a. In the opinion of the Board of Directors, the current assets, loans
and advances are approximately of the value stated if realized in the
ordinary course of business. The provisions for all known liabilities
are adequate and are not in excess of the amount considered reasonably
necessary.
b. No provision is considered necessary in the accounts towards
appreciation / erosion in the book value of investments, since the same
are considered as long term in nature.
c. The additional liability, if any, arising pursuant to respective
assessments under various fiscal statutes shall be accounted for in the
year of assessment.
d. Contingent liabilities as may arise due to delayed/non compliance of
certain fiscal statutes - amount unascertainable
e. There are no Micro, Small and Medium Enterprises, as defined in the
Micro, Small and Medium Enterprises Development Act, 2006 from whom the
Company has made any purchases and accordingly no additional
disclosures have been made. The information regarding Micro, Small and
Medium Enterprises has been determined to the extent such parties have
been identified on the basis of information available with the Company.
This has been relied upon by the auditors.
f. Balance of debtors and creditors are subject to confirmation and
reconciliation, if any.
h. In the opinion of the Management, the company is mainly engaged in
the Printing business. All other activities of the company revolve
around the main business and as such, there are no separate reportable
segments that require reporting under Accounting Standard 17.
I. Related Party Disclosure:
A) Relationships:
(i) Enterprises over which key management personnel are liable to
exercise significant influence:
Kiran Business Forms Print Pvt. Ltd.
Kohinoor Securities & Investments Pvt. Ltd.
Cyber Trade Securities Pvt. Ltd.
Thunder Finvest Pvt. Ltd.
Skylight Finvest Pvt. Ltd.
K. K. Enterprises
B) T ransactions carried out with related parties referred in (a)
above, in ordinary course of business:
b) CIF Value of Imports: Rs. Nil (Previous Year Rs. Nil)
k. Figures for the previous year have been regrouped, recast and
rearranged wherever considered necessary to conform to the layout of
accounts of the current year.
|