1. Segment Reporting
In accordance with Accounting Standard 17 on Segment Reporting, issued
by The Institute of Chartered Accountants of India, the Company has
only one reportable business segment. Hence segment reporting is not
applicable to the company.
2. Disclosure regarding related parties as required under AS-18 on
Related Party Disclosure
A. Related Party Relationship
A) Associates:
Pan India Corporation Ltd.
K.K.Kargomail (India) Pvt Ltd.
Vizwise Commerce Pvt. Ltd
Ujjwal ltd
Prurient IT Solutions Pvt Ltd.
C) Key Management Personnel:
Omprakash Pathak
Ankit Rathi
3. Earnings per share
The basic and diluted earnings per share of the company are same
because the company does not have any outstanding options, warrants,
convertible debentures or any other instrument which may result in
issue of equity shares at a price less than their fair market value.
4. Accounting for Taxes on Income
In accordance with Accounting Standard 22 "Accounting for Taxes on
Income" issued by the Institute of Chartered Accountants of India the
Company has accounted for deferred tax during the year.
During the year Deferred tax assets has emerged on depreciation which
has not been recognized as stated below.
Net Deferred tax asset on account of brought forward losses and
disallowed expenditures has not been recognised as there is no
reasonable certainty that sufficient future taxable income will be
available against which such deferred tax asset can be realised.
5. Additional information pursuant to the provision of part II of
Schedule VI to the Companies Act 1956:
6. Contingent liabilities
i) Claims made against the company not acknowledged as debt Nil (PY :
Nil)
ii) Capital Commitments Nil(PY:Nil)
7. The previous year figures have been regrouped/ reclassified
wherever necessary to render them comparable.
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