| 1. Previous years figures have been re-grouped and re-arranged whenever
necessary.
2. In the opinion of the Board, the Current Assets, loans and Advances
are approximately of the value stated, If realised in the ordinary
course of business. Provision has been made for all known liabilities.
3. Company operates only in one segment, that is Trading, hence
separate segmentwise reporting is not applicable.
4. Relate Party Disclosures (as certified by management)
A. Associate Concerns
Mercury Paints & Varnishes Limited, (MVPL):
Investment in the associated concern Rs. 8,90,266
B. Key Managerial Personnel (KMP): None
There are no transaction with the related party.
5. The Ministry of Corporate Affairs, Govt. of India vide its General
Notification No. S.O. 301 (E) dated 8th Feb 2011 issued u/s 211 (J) of
the Companies Act, 1956 hat exempted certain class of companies from
disclosing Certain information in their Statement of Profit & Loss. The
Co. being an Export Oriented is entitled to the exemption. Accordingly,
Disclosures mandated by paragraphs 3(i)(a), 3(ii)(a), 3(ii)(b) and
3(ii)(d) of Part II of Schedule VI of the Companies Act, 1956 have net
been provided.
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