31.03.2015 31.03.2014
1. Capital Commitments : Nil Nil
2. Contingent Liability :
a. Interest on Loan from Financial Institution Nil Nil
b. If demand by Income Tax (Pending Appeal) Nil Nil
c. Guarantees given by Company (if any) Nil Nil
d. Estimated amount of Royalty, Payable Nil Nil
in Future year (if any)
1. Stock have not been verified and valued by us, the same has been
taken in books, physically verified, certified and confirmed by the
Management of the Company.
2. The Company makes annual contributions to the Employee's Group
Gratuity Assurance Scheme administered by the LIC, a funded defined
plan for qualifying employees. The scheme provides for lump sum payment
to vested employees at retirement, death while in employment or on
termination of employment of an amount equivalent to fifteen days
salary payable for each completed year of services or part thereof in
excess of six months. Vesting occurs on completion of five years of
service.
3. Particulars in respect of goods traded as per information required
by Part II of Schedule VI have been furnished hereunder: -
31.03.2015 31.03 2014
Items Particulars Qty. Value Qty. Value
(In Nos.) (In Lacs.) (In Nos.) (In Lacs.)
Computer & Opening Stock 0 0 0 0
Peripherals
Purchases 955 1396.10 1235 1562.13
Sales 955 1477.23 1235 1673.60
Closing Stock 0 0 0 0
4. Income Tax has been provided according to tax liabilities
determined as per the financial statements prepared as at 31st March,
2015.
5. No creditor of the Company has informed the company of their status
being SSI Units.
6. There are no Micro, Small and Medium Enterprise to whom the Company
owes dues which are outstanding for more than 45 days at the Balance
Sheet date.
7. The management has certified that same as above there are no other
matter or claims involving the company and for which liabilities may
arise at present or in future and/or which may otherwise require any
disclosure on the face of the accounts and/or in auditors report etc.
8. Earnings per share are computed in accordance with Accounting
Standard-20 issued by the Institute of Chartered Accountants of India.
31.03.2015 31.03.2014
(Rs In Lacs) (Rs In Lacs)
a) Profit after Tax as per Accounts 0.19 0.22
b) Weighted Average of Shares
Outstanding during the period 43,76,94,813 43,76,94,813
c) Earnings Per Share 0.00 0.00
11. (a) Earning in Foreign Exchange Nil Nil
(b) Expenditure in Foreign Currency Nil Nil
9. The remuneration paid to the Whole Time Director during the year
is Rs. 2.40 Lacs (P.Y. Rs.2.00 Lacs). Remuneration paid is well within
the limits prescribed under schedule XIII of the Companies Act, 1956.
10. Related Party Disclosures as required by Accounting Standard
(AS-18) issued by the Institute of Chartered Accountants of India, are
given below:
A. Particulars of Related Parties :
Subsidiary Companies : NIL
Associate Companies : NIL
Enterprises in which key Management
personnel have significant influence : NIL
B. Key Management Personnel:
1. Mr. T. Chowdhury : W.T. Director
2. Mr. Vivek Kumar : Chief Financial Officer
C. Relatives of Key Management personnel:
During the year the company does not entered into any transaction with
the key relative of the Management personnel.
11. Previous figures have been regrouped / rearranged wherever
considered necessary.
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