RELATED PARTY DISCLOSURES
In compliance of Accounting Standard 18 on "Related Party Disclosures"
issued by the Institute of Chartered Accountants of India, the required
information is given below:
[1] Relationship:
[A] Key Management Personnel:-
Shri Ramesh G. Deora Director
[B] RELATIVES :- NIL
[C] Associate Body Corporate :- NIL
[D] Associate Concerns :- NIL
[E] Subsidiaries or Investing Companies: - NIL
[2] Transactions with Related Parties:- (In Rs.)
DISCONTINUED OPERATIONS
No Disclosure is required under the Accounting Standard 24 on
"Discontinuing Operations" as the company has not discontinued any line
of its activity/product line during the year.
IMPAIRMENT OF ASSETS
During the year, the company has undertaken a review of all fixed
assets inline with the requirements of AS 28 on "Impairment of Assets"
issued by the Institute of Chartered Accountants of India. Based on
such review, no provision for impairment is required to be recognized
for the year.
b. Terms/rights attached to equity shares
The company has only one class of equity shares having par value of Rs.
10/- per share. Each holder of equity shares is entitled to one vote
per share. The company declare and pays dividend in Indian rupee.
As per records of the company, including its register of share
holders/members and other declaration received from the share holders
regarding beneficial interest, the above share holding represents both
legal and beneficial ownership of shares.
2. The Revised Schedule VI has become effective from 1 April, 2013 for
the preparation of financial statements. This has significantly
impacted the disclosure and presentation made in the financial
statements. Previous year's figures have been regrouped / reclassified
wherever necessary to correspond with the current year's classification
/ disclosure
3. Figures have been rounded off to nearest rupee.
4. Balance of Sundry Debtors, Creditors, Loans and advances, unsecured
loans are subject to confirmation.
5. C.I.F. value of imports NIL NIL
6. Earning/expenditure in foreign currency NIL NIL
7. Contingent liabilities &Commitments NIL NIL
8. Quantitative Information
9. Break up of expenditure incurred on employess who were in receipt
of remuneration aggregating Rs. 2400000/- or more for year or Rs. 200000/-
or more per month, where employed for a part ofthe yearRs. Nil (Previous
YearRs. Nil).
10. Micro & Small Enterprises Dues
As per information given to us there were no amount overdue and
remaining outstanding to small scale and /or ancillary Industrial
suppliers on account of principal and/or interest as at the close of
the year. Based on the information available with company, there are no
dues outstanding to Micro and Small Enterprises as defined under Micro,
Small and Medium Enterprises Development Act, 2006 for more than 45
days as at March 31,2014.
11. The Revised Schedule VI has become effective from 1st April, 2013
for the preparation of financial statements. This has significantly
impacted the disclosure and presentation made in the financial
statements. Previous year's figures have been regrouped/reclassified
wherever necessary to correspond with the current year's
classification/disclosure.
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