| 1. Corporate Information
master Chemicals Limited is a public company domiciled in India and
incorporated under the provisions of Companies Act, 1956. Its shares
are listed on Bombay stock exchange in India. the company's main object
of business is mentioned in the memorandum and Articles Association of
the company.
2. Basis of Preparation
the financial statements of the company have been prepared in accordance
with generally accepted accounting principles in India (Indian GAAP).
the company has prepared these financial statements to comply in all
material respects with the accounting standards notifed under the
Companies (Accounting standards) Rules, 2006, (as amended) and the
relevant provisions of the Companies Act, 1956. the financial statements
have been prepared on an accrual basis and under the historical cost
convention.
3. Related party disclosures
Related parties with whom transactions have taken place during the year
is NIL
4. Capital and other commitments
Estimated amount of contracts remaining to be executed on capital
account and not provided for are Rs -NIL (31st march 2013: Rs NIL)
5. Contingent liabilities
Contingent liabilities of the company as on 31st march 2014 is Rs -NIL
(31st march 2013: Rs NIL)
6. Details of dues to micro and small enterprises as Defined under the
MSMED Act, 2006
As per the information available with the company, no amounts are due
to micro, small and medium enterprises as per msmeD Act, 2006 as at
31st march 2014 (31st march 2013 : Rs -NIL)
7. Previous year figures
Previous year's figures have been regrouped where necessary to conform
to this year's classification.
|