Contingent Liabilities are disclosed when the Company has a possible
obligation or a present obligation and it is probable that a cash
outflow will not be required to settle the obligation.
Note: 1. No remuneration has been paid to the directors during the
year.
Note: 2. Related Party Transaction. No related party transaction were
carried out during the year
Note: 3. Segment Information: There is no reportable segment as per the
contention of the management.
Note: 4. CONTINGENT LIABILITIES:
A Demand of Income Tax of Rs. 21,50,51,870/- is pending for the A.Y.
2012-13 against the company Aggrieved by the order, an appeal was filed
before the CIT. The said Appeal is yet pending for disposal. The
company is hopeful of getting a favorable decision from the Appellate
authorities.
Note: 5. Basic and Diluted Earning per share (EPS) computed in
accordance with Accounting Standard (AS) 20 "Earning Per Share"
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