12. Provisions, Contingent Liabilities and Contingent Assets: - (AS-29)
Provisions are recognized only when there is a present obligation as a result of past events and when a reliable
estimate of the amount of the obligation can be made.
Provision for Audit Fees and ROC Filing Charges has not been incorporated in the books.
Contingent Liabilities is disclosed in Notes to the account for:-
(i) Possible obligations which will be confirmed only by future events not wholly within the control of
the company or
(ii) Present Obligations arising from past events where it is not probable that an outflow of resources will
be required to settle the obligation or a reliable estimate of the amount of the obligation cannot be
made.
Contingent assets are not recognized in the financial statement since this may result in the recognition of the
income that may never be realized.
General:
Except wherever stated, accounting policies are consistent with the generally accepted accounting principles
and have been consistently applied.
(B) Notes on Financial Statements
1. The SSI status of the creditors is not known to the Company hence the information is not given.
2. Salaries includes directors remuneration on account of salary Rs.48,00,000/- (Previous Year
Rs.48,00,000/-)
3. Trade receivables, Trade payables, Loans & Advances and Unsecured Loans have been taken at their
book value subject to confirmation and reconciliation.All the Unsecured Loans (Liability) takenon
interest free.
No Provision for Statuary Audit Fees, Tax Audit fees and GST Audit Fees had been made during the year.
5. Loans and Advances are considered good in respect of which company does not hold any security.
6. No provision for retirement benefits has been made, in view of accounting policy. The impact of the same
on Profit & Loss is not determined.
7. Advance received from others includes advances received from concerns in which directors are interested:
(II) Relative of Key Management Personnel
1. Nil
10. Company has made no provision in respect of penalty imposed during the year. No penalty has imposed
during the year on pending litigations.
11. Additional Regulatory Information/disclosures as required by General Instructions to Schedule III to the
Companies Act, 2013 are furnished to the extent applicable to the Company.
12. % of imported & indigenous raw material Consumed & consumables
13. Value of Imports
Raw Material Nil Nil
Finished Goods Nil Nil
14. Expenditure in Foreign Currency Nil Nil
15. Earning in Foreign Exchange Nil Nil
16. Previous year figures have been regrouped/rearranged wherever necessary.
Signature to notes 1
In terms of Our Separate Audit Report of Even Date Attached.
For Saboo Sodium Chloro Limited
Sd/- Sd/-
Girdhar Gopal Saboo Madan Singh Jain
Director Director
DIN :00364750 DIN : 09601140
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