1. (a) Previous year figures have been reworked, rearranged, regrouped
and reclassified, wherever considered necessary.
(b) Figures have been rounded off to the nearest Rupees.
2. In the opinion of the Board of Directors, Current Assets, Loans &
Advances have a value of realization in the ordinary course of business
at least equal to the amount at which they have been stated in the
Balance Sheet. The provisions for all known liabilities are adequate
and not in excess of amount considered reasonably necessary.
3. In compliance of Accounting Standard 22 on 'Taxes on Income'
issued by the Institute of Chartered Accountants of India (ICAI), an
amount of Rs NIL has been recognized as Deferred Tax Credit as at
31.03.2015 (Previous Year Rs. NIL Deferred tax Credit).
4. The amount owed to Small Scale Industries outstanding for more than
30 days as at 31st March 2015 and the sum exceeding Rs. 1 lacs in each
case was Rs. NIL (Previous Year- Rs. NIL).
5. Contingent Liabilities:
Estimated amount of contracts remaining to be executed on Capital
Account not provided for Rs.NIL
6. Related Party Disclosure:
Disclosure of Related Party transactions as per Accounting Standard 18
issued by ICAI:
(a) Name of related party and nature of related party relationship
where control exist:
(i) Holding Company : Genus Paper & Boards Ltd.
(ii) Subsidiary Company : Sansar Infrastructure Private Limited
: Star Vanijya Private Limited
: Sunima Trading Private Limited
(b) Name of related party and nature of related party relationship
other than those referred to in (a) above in transaction with the
company :
(i) Joint Ventures etc : Nil
(ii) Key Management Personnel : Amit Agarwal (Whole Time Director)
(iii) Corporate entities over which key management personnel are able
to exercise significant influence: Genus Apparels Ltd. & J.C.Textiles
Pvt. Ltd.
7. In terms of Accounting Standard (AS-28) on 'Impairment of Asset'
issued by the Institute of Chartered Accountants of India (ICAI), the
company during the year carried out an exercise of identifying the
assets that may have been impaired in accordance with the said
Accounting Standard. However, no such asset has been discarded during
the year.
9. Financial information of Subsidiary Companies as required by the
first proviso to section 129 (3) read with rule 5 of companies
(Accounts) rules 2014 of the Companies Act, 2013 for the year ended
31-03-2015 are separately enclosed.
10. It has also no import, expenditure/earning in foreign currency
during the year or during the Previous year.
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