| (1) There is no payment overdue to small-scale industries.
(2) The balance of advances, debtors and creditors are confirmed by
majority of parties and efforts are being made for obtaining
confirmations from remaining parties
(3) CENVAT: Capital expenditure and raw materials have been taken at
net value after adjusting cenvat, wherever applicable as per guidelines
issued by The Institute of Chartered Accountants of India..
(4) Contingent Liabilities and Commitments (to the extent not provided
for) :
(Rs.in Lacs
Particular As at 31st As at 31st
March 2015 March 2014
(5) Contingent Liabilities :
(a) Claims against the company not 153.00 153.00
acknowledge as debt
(b) Guarantees given by the Company
(c) Corporate Guarantee Given : 4000.00 4000.00
e) The company has only one business segment that is "Textile" and
hence Segment reporting as required under AS-17 issued by ICAI is not
applicable.
(f) AS-18 Related Party Disclosure:
Related party disclosures as required by AS-18 "Related Party
Disclosures" are given below. [Related parties are as identified by the
Company and relied upon by the Auditors]:
6. List of Related Parties.
1. Parties where control exists : Nil
2. Other parties with whom the company has entered into transaction
during the year.
i) Associates where key management personnel and their relatives have
significant
influence; - Nil
ii) Key Management Personnel: - a. Trivendra Singh - Managing Director
iii) Relative of Key Management Personnel: - Nil
(7) In the opinion of the Board, Current Assets, Loans and Advances are
approximately of the value stated, if realised in the ordinary course
of business, the provisions for all known liabilities are adequate and
not in excess than reasonably necessary.
(8) Break-up Expenditure on employees who were in receipt of
remuneration aggregating not less than Rs. 2400000/-, if employed
through-out the year or not less than Rs. 200000/- p.m. if employed for
part of the year
a Employed throughout the year - Number of Employees NIL NIL
b. Employed for the part of the year-Number of Employees NIL NIL
(9) Figures of previous year have been re-grouped/re-arranged wherever
necessary.
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