| 1. Basis of preparation
The financial statements of the company have been prepared in
accordance with generally accepted accounting principles (Indian GAAP).
The company has prepared these financial statements to comply in all
material respects with the accounting standards notified under
Companies (Accounting Standards) Rules, 2006 (as amended from time to
time) and the relevant provisions of the Companies Act, 2013.
The financial statements have been prepared on accrual basis and under
the historical cost convention. The accounting policies not
specifically referred, are consistently applied from the past
accounting periods.
2. Terms and rights attached to equity shares
The company has issued only one class of equity share having a par
value of Rs. 10 per share. Each holder of equity shares is entitled to
vote per share. The company declares and pays dividend if any, in
Indian Rupees. The dividend proposed by the Board of Directors is
subject to approval of the shareholders in the ensuing Annual General
Meeting.
In the event of liquidation of the company, the holders of equity
shares will be entitiled to receive remaining assets of the company,
after distribution of all the preferential amount. The distribution
will be in proportion to the number of equity shares held by the
shareholder.
3. There is no Micro, Small and Medium Enterprises as defined under
Micro, Small & Medium Enterprises Development Act, 2006 to which
Company owes dues which are outstanding for a period more than 45 days
as on Balance Sheet Date.
The above information regarding Micro, Small and Medium Enterprises has
been determined on the basis of information availed with the Company
and has been duly relied by the auditors of the Company.
4. Provisions of Accounting Standard (AS) - 17 issued by the ICAI on
'Segment Reporting' are not been applicable to the Company.
5. In view of present uncertainty regarding generation of sufficient
future income, net deferred tax asset or liability has not been
recognized in these accounts on prudent basis.
6. In the opinion of the management, the current assets, loans and
advances have a realizable value in the ordinary course of business is
not less than the amount at which they are stated in the Balance Sheet.
7. Related party disclosures/ transactions
(a) Related Parties Covered: -
Mr. Pankaj Bansal Ms. Charu Aggarwal Ms. Varsha Bharti
(ii) Individuals owining directly or NO
indirectly interest in voting
power that gives them control
(iii) Enterprises owned or significantly RMS Mosquto
influenced by the Private Limited
persons as stated in (i) & (ii) Above.
8. Balance shown under head Sundry Debtors, Creditors and Advances
are subject to confirmation.
9. Particulars Current Period Previous Year
(Rs.) (Rs.)
Contingent Liability not provided for Nil Nil
10. Previous Year's Figures have been re- arranged or re- grouped
wherever considered necessary.
11. Figures have been rounded off to the nearest rupees.
12. Figures in brackets indicate negative (-) figures.
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