అకౌంట్స్ గమనికలుHimatsingka Motor Works Ltd.

1. All Schedules form an integral part of the Balance Sheet and Profit & Loss Account,

2. Figures have been rounded off to the nearest rupee.

3. Comparative Figures of the Previous Year have been re-arranged and re-grouped wherever considered necessary.

4. Sales Tax & VAT actually paid during the year has been deducted from the Gross Sales as per Provision of Sec.43B of the Income Tax Act and there after the Net Sales have been taken to the Profit & Loss Account. VAT paid on purchase of goods is considered as input credit and adjusted with output tax arises on sale of goods. Also, VAT is not included in the valuation of inventory. Bonus, Commission etc. paid to the Employees and Provident Fund and ESI Contributions actually paid as accrued during the year have been taken to the Profit & Loss Account.

5. Quantitative Statement and item wise details of Stock. Input VAT. Output VA1. Purchase. Sales. Cost of Goods sold and Gross Profit etc. are in Schedule-15.

6. Additional information in respect of Paragraphs 4C. 41) of Part II of Schedule VI to the Companies Act. 1956. - NIL