| 1. Debit & Credit balances in sundry debtors, loans & advances and
creditors are subject to confirmation.
2. Current Liabilities 30.06.2014 30.06.2013
Dues to Micro and Small Enterprises: NIL NIL
3. Foreign Exchange Inflow/Outflow
During the year company entered into an agreement with foreign company
related to software. Based upon the agreement only the company has
recognized a portion of revenue.
4. Related Party Transactions
The following persons are directors/ related parties in the company.
N.V.Rama Raju - - Managing Director.
N.Srinivasa Raju - - Director.
K.V.Narasimha Raju - - Director.
A.Chandrasekhar - - Director.
K.Manohar Raju - - Director.
K.Ramakrishna Raju - - Director.
During the Year there are no related party transactions.
5. Deferred Taxation
Deferred tax will be accounted based on the virtual certainty on the
profit earning capacity of the company.
6. Contingent Liabilities 30.06.2014 30.06.2013
Contingent liabilities as at end of the year: NIL NIL
7. Quantitative Details
During the company has not dealt with any material / goods hence
particulars to be given such as quantitative details of sales and the
information as required under paragraph 3, 4c, and 4d of part II of
Schedule VI to the Companies Act, 1956 may be treated as NIL.
8. General
During the year ended June 30, 2013 the revised Schedule VI notified
under the Companies Act 1956, has become applicable to the company,
for preparation and presentation of its financial statements. The
adoption of revised Schedule VI does not impact recognition and
measurement principles followed for preparation of financial
statements. However, it has significant impact on presentation and
disclosures made in the financial statements. The company has also
reclassified the previous year figures in accordance with the
requirements applicable in the current year. and all figures are
adjusted to nearest rupee.
|