| 1. Under the Micro, Small and Medium Enterprises Development Act,
2006, certain disclosures are required to be made relating to Micro,
Small and Medium Enterprises. The company is in the process of
compiling relevant information from its suppliers about their coverage
under the said Act. Since the relevant information is not readily
available, no disclosure has been made in the accounts. However, in
view of the management, the impact of interest, if any, that can be
payable in accordance with the provisions of this act is not expected
to be material.
2. In the opinion of the management and to the best of their knowledge
and belief, the value on realization of loans and advances and other
current assets, in the ordinary course of business, will not be less
than the amount at which they are stated in the Balance Sheet.
3. Balance of Sundry Debtors, Sundry Creditors, and Loans & Advances
are subject to Conformation.
4. Considering the deductions and exemptions available as per the
provisions of Income Tax Act, 1961 no provision made in the accounts
towards current income tax for the year..
5. Of the total creditors, amount due to Small Scale Industrial
Undertaking can not be segregated pursuant to the Notification issued
by the Department of Company Affairs, as the necessary information
regarding suppliers status is not available with the company.
6. Previous years figures have been regrouped and rearranged wherever
necessary. A monetary value at all places, except where other-wise
stated, are in terms of rupees.
7. Disclosure of Related Parties/Related Party Transactions:-
A. Relationship:
I Key Management Personals
Name of Related parties Nature of Relationship
Mr. Kushal Rathore Managing Director
Mr. Amit Ashwinbhai Panya Director
Mr. Ramesh Kumar G Dave Director
Mr. Savita Disoja Director
Mr. Ankit Sanjay Disoja Director
Mr. Sanjay Sodani Director & C.F.O.
II Associate Entities : NIL
III Relations of Key Management Personnel: NIL
B. The following transactions were carried out with the related
parties' retured in above in the ordinary Course of business:
Particulars Relative of Key Management Personal
Managerial Remunertion & Nil
Sitting Fees Nil
Note:- The company has identified three reportable segments viz.
Trading, Brokerage Share Transactions and Others have been identified
and reported taking into account nature of products and services, the
differing risks and returns internal business reporting systems.
8. Earning per share (EPS) :
In terms of Accounting Standard-20, the calculation of EPS is given
below:-
9. The Company has advances certain amount to Various Party. Such
advances are outstanding on which interest has not been charged.
10. There is no contingencies liabilities no provision is made.
11. Depreciation has not been provided on assets by the company.
12. As per information and explanation given to us, Long term loan and
advances is given for purchase of land so interest is not provided.
|