| 1. Related Party Disclosure
As per AS-18 "Related Party Disclosure" issued by the Institute of
Chartered Accountants of India, the disclosures of transaction with the
related parties as defined in the Accounting Standard are given below.
2. Key Management Personnel:
1) Sudhir Naheta - Managing Director
2) Rajkumari Sudhir Naheta - Director
3. Segment Reporting:
As per Accounting Standard (AS) 17 on "Segment Reporting", segment
information has been provided under the Notes to the Financial
Statements.
4. Contingent Liabilities:
As reviewed by management, there was no contingent liability as at the
end of the Financial Year reported.
Fixed Deposit of ' 7,00,000 is pledged in favour of "President of
India- Development Commissioner Indore SEZ" on behalf of M/s. CT Cotton
Yarn Limited.
The aforesaid Fixed Deposit is duly matured but is yet to be released
by the said Authority. Balance of FDR as stated in Balance sheet is
subject to confirmation from UCO Bank.
5. These financial statements have been prepared in the format
prescribed by the Schedule III to the Companies Act 2013. Previous
period figures have been recast/ restated to confirm to the
classification of the current period.
6. The balance lying with the Share Broker agents represents excess
exchange margin lying with them against derivative transactions.
7. Micro, Small & Medium Enterprises:
As required by section 22 of the Micro, Small & Medium Enterprises
Development Act 2006 there is no amount overdue to any Micro, Small &
Medium Enterprises and hence no disclosure required.
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