| 1. Rights, preferences and restrictions attached to the shares-
Company has one class of Equity shares having a par value of Rs 10A per
share. Each share- holder is entitled to one vote per share held.
Dividend proposed by the Board is subject to approval of the
shareholders in the ensuing annual general meeting. In the event of
liquidation, the equity shareholders are eligible to receive the
remaining assets of the company in proportion to their shareholdings.
2. Contingent Liabilities not provided for in respect of:-
Particulars Current Previous Year
Year
(1) Estimated Amount of Contacts Nil Nil
remaining to be executed.
(2) Sales Tax/Customs/other statutory Nil Nil
claims.
Pending with respective authorities
(3) Unexpired bank guarantee Nil Nil
(4) Disputed demand of Income Tax Nil Nil
3. Deferred Tax Liabilities/(Assets)
Deferred Tax Asset/Liability has been created on the amount of
difference which is due to liming difference.
4. The Company has been carried on the business of trading of
precious metals & Ornaments. The quantity has been shown as an annexure
to the Balance Sheet
5. Expenditures on Employees
Break up of expenditure incurred on employees who were employed
throughout financial year and were in receipt of remuneration
aggregating to not less than Rs.24,00.000/-per annum,or if employed for
a part of financial year were in receipts of remuneration aggregating
to not less than Rs.2.00,000/-per month.
6. In the opinion of the board , the current assets,loans and advance
,if realized in the ordinary course of business have value on
realization at least to the amount at which these are staled in the
balance sheet, the provision for all known liabilities are adequate and
not in excess of the amount reasonably necessary.
7. Confirmation for Balances Grouped under the head "Sundry Creditors"
and "Sundry Debtors" and "Advances" has been confirmed by the
Management.
8. The MCX license which was in the name of Mr. Satish Kumar Goyal,
has been surrendered during the last financial year, so there is no
transaction in MCX during the year under audit.
9. As informed to us by the management no balances arc outstanding for
more than 45 days at the balances sheet date to the suppliers
registered themselves under the micro, Small and Medium Enterprises
development (MSMED) Act,2006.
10. Schedule 'A' to 'S' form integral part of Balance Sheet and profit
& loss accent and have been duly annexed .
11. Previous years comparative figures have been grouped wherever
necessary.
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