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You can view the entire text of Notes to accounts of the company for the latest year

BSE: 517356ISIN: INE167B01025INDUSTRY: IT Equipments & Peripherals

BSE   ` 2.96   Open: 2.96   Today's Range 2.96
2.96
+0.14 (+ 4.73 %) Prev Close: 2.82 52 Week Range 0.77
2.96
Year End :2016-03 

1. Terms & Right attached to equity shares

The company has only one class of equity shares having a par value of Rs.1/- per share. Each Holder of equity share is entitled to one vote per share. In the event of liquidation, shareholder will be entitled to receive remaining assets of the company after distribution of all preferential amount. The distribution will be in proportion to the member of equity share held by the share holder.

2. Earnings per share

Basis earning per share are calculated by dividing the net profit or loss for the period attributable to equity shareholder by the weighted average number of equity share outstanding during the period.

For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholder and the weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive equity shares.

3. Contingent Liability- Demand of Rs 6,27,764 Interest under Custom Act 1962 relating to FY 198485. The matter is pending before competent authority.

4. Balances are relied upon as per books of accounts wherever the confirmations from debtors/creditors/ Loans/Advances are not available.

5. There is no availability of information about the amount dues to small/micro undertaking, we are unable to comment that the interest if any is due to such undertaking or not.

6. As certified by the Management there is no obligation in respect of gratuity and leave encashment during the year.

7. Auditor's Remuneration including service tax is Rs.85,875/-. (Previous Year Rs.84, 270/-).

Statutory Audit Fees - Rs. 85,875 (Rs. 56,180)

Tax Audit Fees - Nil (Rs. 28,090)

8. The Company is required to appoint a whole time company secretary as per section 383A of the Companies Act, 1956. The Company is in the process of appointment of company secretary.

9. Expenditures & Earning in Foreign Currency- Nil

10. Sundry Balance Written off (net) of Rs. 30,929 Credit (Previous year NIL) include Rs.7299- Debit (Previous year NIL) and Rs. 38,228- Credit (Previous year NIL).

11. Prior period adjustment (Net) amounting to Rs 3867/- (credit) (Previous year NIL)

12. Segment Information-

The Company operates in a single business and geographical segment i.e. “Construction and Allied Activities” within India. Accordingly, no separate disclosures for primary business and secondary geographical segment are required as per AS 17 issued by ICAI

13. Previous year figures have been regrouped and rearranged wherever necessary to confirm with the current year presentation.