| 1. Previous years figures have been regrouped/rearranged to make them
comparable with those of current year.
2. Notes form an integral part of the Balance Sheet and Profit and Loss
Account and have been duly authenticated.
3. In the opinion of the Board, the current assets, loans & advances if
realized in ordinary course of business have a value at least equal to
the amount at which they are stated in the Balance Sheet.
4. Figures have been rounded off to the nearest Rupee.
5. The provisions of AS 15 issued by ICAI, /New Delhi are not
applicable to the Company since there are no employees.
6. The Directors have waived their sitting fees.
7. Retirement Benefits
Since the Company does not have any employee as such no accounting
policy in respect of Retirement Benefits is required.
8. Earnings per Share:
The Company reports Basic Earnings Per Share in accordance with
Accounting Standard - 20; "Earnings Per Share" issued by The
Institute of Chartered Accountants of India. Basic EPS is computed by
dividing the Net Profit after Tax for the year by the weighted average
number of Equity Shares outstanding during the year.
9. Sundry Creditors include a sum of Rs. Nil due to small Scale
Industrial Undertakings (Previous year Rs. Nil). The dues have been
determined to the extent such parties have been identified on the basis
of information available with the Company.
10. Auditors Remuneration relating to audit works Rs.2247/- is provided
at the end of year.
11. As per AS 22 issued by ICAI, regarding assessment of Deferred Tax
Assets as the Company does not hold any fixed assets the question of
timing difference pertaining to depreciation does not arise. As such
Deferred Tax Assets/Liabilities is Nil.
12. Number of employees who were:
(a) Employed throughout the year and were in receipt of remuneration of
Rs. 60.00. 000/- per annum or more are nil. (Previous Year Nil)
(b) Employed for part of the year and were in receipt of remuneration
of Rs 5.00. 000/-per month or more are nil. (Previous Year Nil)
|