| 1. Company has not appointed company secretary in terms of section
203 of the companies Act of 2013.
2. The balances in the parties accounts under Sundry Creditors,
Sundry Debtors, Advance from Customers, Loans & Advances, Deposits
etc., are subject to confirmation./ Reconciliation/ Adjustments if
any.
3. Sundry creditors dues to Micro, small and Medium enterprisers
development Act,2006, could not be ascertained due to lack of
information.
4. Expenditure incurred in foreign currency- Rs. NIL
5. C I F Value of imports of raw material Rs NIL.
6. Previous years figures have been regrouped and reclassified
wherever necessary in order to be in conformity with current years
presentation.
7. As the company has brought forward taxable losses, no provision
for tax has been made. Taking into account the consideration of
prudence, no asset or liability is anticipated on account of Deferred
tax.
8. The Company has taken a Ginning unit on lease basis with effect
from 29.08.2008, the operating results were incorporated in the
accounts
OTHER DISCLOSURES -
1. Segments have been identified in line with the accounting standard
17 "Segment Reporting" taking into account the organisation structure
as well as the differing risks and returns.
2. Company has disclosed business segment as the primary segment.
3. Composition of business segment
Comprises
Name of the segment of
a) Cotton Yarn
b) Cotton Lint
c) Others Wastes, Cotton seeds & Kappas
9. The segment revenue results, assets and liabilities include the
respective amounts identifiable to each of the segments and amounts
allocated on reasonable basis.
10. The accounting policies of the segments are the same as those
described in the significant accounting policy as referred in schedule
18 to the accounts.
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