| 1. The Company has not received the required information from suppliers
regarding their status under the Micro, Small, Medium Enterprises
Development Act, 2006. Hence disclosures, if any, relating to amounts
unpaid as at the year end together with interest paid / payable as
required under the said Act have not been made.
2. Balances of Trade Receivable , Loans and Advances and Creditors, are
subject to confirmation.
3. Company has an investment of Rs.71,47,980/- in the share capital of
Milestone Global (U.K.) Limited U.K a wholly owned subsidiary Company.
Milestone Global (U.K.) Limited U.K. has accumulated losses GBP 70832
equivalent to Rs. 7081734/-as on 31.03.2014 (Previous Year GBP 66538
equivalent to Rs. 54,87,420/-). The Management is, however, of the
opinion that with strategic plan on hand and long term involvement in
the subsidiary company, no provision is necessary in this account.
4. Disclosure in terms of Accoun ting Standard- 15 issued by the
Institute of Chartered Accountants of India has not been given as
required details have not been provided by Life Insurance Corporation
of India.
5. Acturial; valuation of leave encashment has not been carried out as
company has paid leave earned up to 31-03- 2014.
6. CONTINGENT LIABILITIES:
As at 31st As at 31st
March, 2014 March, 2013
Rs. Rs.
a) In respect of Claims (including
claims made by Employees) not Amount Amount
acknowledged as debts. Indeterminate Indeterminate
7. Previous year figures have been regrouped and recasted wherever
necessary to conform to the classification for the Year.
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