1. During the current accounting year the Company has not amortized
the preliminary expenses, share issue expenses and deferred revenue
expenditure in view of losses.
2. The Company has not calculated depreciation on fixed assets, as
there was no business operation during the current year.
3. The company has not provided for Gratuity for the year, as there
were no employees
4. Related Party Transactions The Company has received unsecured
loans from the following related parties:
5. Contingent Liabilities:
Citibank has filed a suit for import bin settlement of Rs.7.66 lakhs
and got orders in their favour along with interest.
6. Segment Reporting
As the Company has no business operations during the year, no Segment
Reporting is made.
7. There are no dues to Small Scale industrial Undertakings
outstanding above Rs.1,00,000 and exceeding 30 days.
8. Figures of the previous year have been regrouped wherever
necessary.
9. Figures have been rounded off to the nearest rupee.
10. Quantitative details: The Information as required under paragraphs
3. 4C and 4 D of Part ll of Schedule VI of the Companies Act, 1956 Is
not provided as the Company was not in operation during the current
year.
Mar 31, 2010
1. During the current accounting year the Company has not amortized
the preliminary expenses, share issue expenses and deferred revenue
expenditure in view of losses.
2. The Company has not calculated depreciation on fixed assets, as
there was no business operation during the current year.
3. The company has not provided for Gratuity for the year, as there
were no employees
4. Contingent Liabilities:
Citibank has filed a suit for Import bill settlement of Rs.7.66 lakhs
and got orders in their favour along with interest
5. Segment Reporting
As the Company has no business operations during the year, no Segment
Reporting is made.
6. There are no dues to Small Scale Industrial Undertakings
outstanding above Rs. 1,00,000 and exceeding 30 days.
7. Figures of the previous year have been regrouped wherever
necessary.
8. Figures have been rounded off to the nearest rupee.
9. Quantitative details: The information as required under paragraphs
3, 4C and 4 D of Part II of Schedule VI of the Companies Act, 1956 is
not provided as the Company was not in operation during the current
year.
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