| 1. Figures have been rounded off to the nearest rupee, wherever
required.
2. Accounting standards as prescribed have been followed & reported
wherever applicable.
3. In the Opinion of the Board the current assets, loans and advances
will fetch the amounts stated, if realized in the ordinary course of
business and adequate provision for all known liabilities of the
company has been made. Balances shown under Loans, Advances, Sundry
Debtors & Creditors are subject to confirmation, reconciliation and
subsequent adjustment if any.
4. According to management, Company has not given any guarantee on
behalf of the Directors or other officers.
5. The Company has not received information from vendors/suppliers
regarding their status under the "Micro , Small & Medium Enterprises
Act, 2006" and hence disclosure relating to amount unpaid for the
period end together with interest paid or payable under this Act has
not been given.
6. According to management, No litigations are filed against or
pending against the Company. Company does not have any present
obligation arising out of any past event. Hence no provision arises or
is made for contingent liabilities.
7. Previous Year's figures have been regrouped / reclassified wherever
considered necessary to make them comparable with the current year
figures.
9. Earning Per Share (on Face Value of Rs.10/ - each)
In determining the Earnings Per share, the company considers the net
profit after tax which includes any post tax effect of any
extraordinary / exceptional item. The number of shares used in
computing basic earnings per share is the weighted average number of
shares outstanding during the period.
The number of shares used in computing Diluted earnings per share
comprises the weighted average number of shares considered for
computing Basic Earnings per share and also the weighted number of
equity shares that would have been issued on conversion of all
potentially dilutive shares.
In the event of issue of bonus shares, or share split the number of
equity shares outstanding is increased without an increase in the
resources. The number of Equity shares outstanding before the event is
adjusted for the proportionate change in the number of equity shares
outstanding as if the event had occurred at the beginning of the
earliest period reported.
Basic Earning Per Share - 0.60
Profit/(Loss) after Tax / Weighted Avg. Shares Outstanding =
2966544/4940400 = Rs.0.60 Diluted Earning Per Share - 0.60
Profit/(Loss) after Tax / Weighted Avg. Shares Outstanding =
2966544/4940400 = Rs.0.60 Diluted EPS is similar to Basic EPS as there
are no potential equity share as on date.
10. Loan amounting to Rs.11.60Lacs was outstanding as on 31.03.15 which
was taken in earlier year from one of the Ex-Director of the Company.
11. To the best of knowledge of the management, there are no events
occurring after the Balance Sheet date that provide additional
information materially affecting the determination of the amounts
relating to the conditions existing at the Balance Sheet Date that
requires adjustment to the Assets or Liabilities of the Company.
13. As none of the employees have completed the minimum length of
service as provided in payment of gratuity Act, 1972, no provision for
gratuity is made by the Management.
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