| 1.1 RELATED PARTY DISCLOSURE:
The Related parties as defined by Accounting standard 18 "Related
Party disclosure" issued by the Institute of Chartered Accountants of
India, in respect of which the Direclosure have been made and
identified on the basis of Disclosures made by the Company;
a) Key Managerial Personnel Mr. Kanhaiyalal Basotia
Mr. Rahul Bhutia
Mr. Kailash Chandra Jain
b) . Related Parties with whom Company has entered into transactions
during the year; - Nil
1.2 TAXES ON INCOME:
Tax expense comprises of current tax. Current tax is measured at the
amount expected to be paid to the tax authorities, using the applicable
tax rates. Deferred tax as on 31.03.2015 has not been recognized since
there is no certainty of sufficient taxable income being available
against which such deferred tax assets can be realised.
1.3 IMPAIRMENT OF ASSETS:
An asset is impaired when the carrying amount of the assets exceeds its
recoverable amount. An impairment loss is charged to Profit and loss
account in the year in which an asset is identified as impaired.
1.4 DETAILS OF REMUNERATION OF MANAGERIAL PERSONAL : - NIL
1.5 The financial statements have been presented in accordance with
the Revised Schedule VI, and accordingly, the previous years figures
have been regrouped and reclassified wherever found necessary to
confirm this year's classification.
1.6 Additional information pursuant to Revised Schedule VI to the
Companies Act, 1956:
Details of trading activities under taken during the year;
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