| NOTE NO.1- GRATUITY
Company has not gone for the actuarial valuation of gratuity which is
the only form of long term defined benefits to the employee. Provision
of the same has been thus not provided as the amount is uncertain. The
company has a policy of accounting for gratuity as and when it is paid.
However, during the year company has paid Rs. 106088 (Previous Year Rs.
147917) as gratuity which has been accounted for in the corresponding
year
NOTENO.2- SEGMENT REPORTING
In the opinion of Management the company is engaged only in the
business of fabrics, As such there is no Reportable Segment as per AS
17 "Segment Reporting" notified by Ministry Of Corporate Affairs".
NOTENO.3- CAPITAL COMMITMENTS & CONTINGENT LIABILITIES
i) Estimated amount of contracts remaining to be executed on Capital
Accounts Nil (P.Y. Nil),
ii) The Banker of company has given guarantee of Rs 90000/-(P YNil) to
the DGFT for wchich company has given conter guarantee & FDR of Rs
90000/-.
NOTENO.4- SUNDRY CREDITORS, DEBTORS & OTHER ADVANCES
The balances of Sundry creditor, Debtors & other advance are subject to
confirmation
NOTENO.5- Previous year figure has been regrouped and rearranged
whenever necessary and to make them comparable with current year's
figures.
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