| 1. The Short Term Borrowings are Nil and Hence not Shown on the face of
Balance Sheet.
2. Provision for Payment of Gratuity to employees is not made. The same
is accounted in the year in which it is paid. Current Year an amount of
49,902/- has been paid. Contributions to defined contribution schemes
such as gratuity are charged to Profit and Loss account as incurred.
The Company also provides for retirement benefits in the form of
gratuity and leave encashment.
3. Deferred Tax Asset for the Current Year has been provided in
accordance with AS-22 & the same has been charged to Profit & Loss
Account.
4. Provision for current tax is made after taking into consideration of
benefits admissible under the provisions of Income Tax Act, 1961.
Deferred tax resulting from "timing difference" between book and
taxable profit is accounted for using the tax rates and laws that have
been enacted as on the balance sheet date. The deferred tax asset is
recognized and carried forward only to the extent that there is a
reasonable certainty that the assets will be realized in future.
All the loans mentioned above are unsecured and are receivable on
demand as and when required. All the above loans and advances is
provided to employees and the same is provided free of Interest.
5. The Current Investments and Inventories are Nil and Hence not Shown
on the face of the Balance Sheet.
6. In the opinion of the Board of Directors, the value on realization
of Current Assets, Loans and Advances and Receivables if realized in
the ordinary course of business, shall not be less than the amount at
which they are stated in the Balance Sheet and Receivables and Loans
and Advances including Capital Advances are Considered good and
recoverable on an ongoing basis.
7. The balances of Deposits Given, Loans and Advances and Receivables
are subject to Confirmation. There was no stock at start and close of
accounting year.
As On As On
Particulars 31.03.2015 31.03.2014
I) Contingent liability not
provided for Nil Nil
II) Estimated amount of contracts
remaining to be executed on capital
account and not provided for. Nil Nil
III) Payments to auditors
(i) As Auditors 75.00 75.00
IV) C.I.F.Value of Imports,Expenditure
and Earning in Foreign Currencies
(a) C.I.F. Value of Imports Nil Nil
(b) Expenditure in foreigh
Currencies Nil Nil
(C) Earnings in Foreign Currencies
Export Sales Nil Nil
V) Details of Licenced & Installed
Capacity,Production,Stocks & Turnover
(a) Licenced Capacity
(b) Installed Capacity
(c) Production - Press Parts N.A. N.A.
(excluding on labour charges basis) N.A. N.A.
(d) Stocks at commencement
Goods Traded in Nil Nil
Finished Goods Nil Nil
(e) Stocks at close
Goods Traded in Nil Nil
Finished Goods Nil Nil
(f) Imported and indigenous raw
material consumption
Indigenous Nil Nil
Imported Nil Nil
The additional information pursuant to the provisions of paragraphs
3,4C and 4D of part II of the schedule VI of
8) the Companies Act, 1956 to the extend they are applicable are given
below :
I. Company is mainly engaged in the job work of Decoiling,
Straightening, Cutting, Shearing of Hr. CR and MS Coils / Sheets. It
has no precise licensed capacities and installed capacities as such.
II. Company has earned gross receipt of Rs.1,13,30,234/- (Previous year
Rs.1,07,08,558.25/- ) on account of job work in respect of Decoiling,
straightening and warehousing.
III. Details as regards trading Activities in finished goods. As there
was no trading activity done during the year, the figures for current
year would be NIL.
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