| 1. Employee benefits
Provision for retirement benefits to employees was not provided on
accrual basis, which is not in conformity with Accounting Standard-15
issued by ICAI and the amount has not been quantified because actuarial
valuation report is not available. However, in the opinion of the
management the amount involved is negligible and has no material impact
on the Profit & Loss Account.
2. CONTINGENT LIABILITY:
2013-2014 2012-2013
Amount in Rs. Amount in Rs.
Contingent Liabilities not provided for NIL NIL
Others NIL NIL
3. RELATED PARTY TRANSACTION:
List of Related Parties:-
a) Key Management personnel :-
i) Giriraj Kishor Agrawal ii) Tanu Agrawal
b) Related parties over which Key Management personnel have significant
influence :-
i) Axon Finance Ltd (Formerly Axon Infotech Ltd)
ii) Banas Finance Limited
iii) Rockon Fintech Limited
iv) Rockon Capital Market Pvt Ltd
v) Tilak Finance Limited (Formerly Out of City Travel Solutions Ltd)
vi) Five X finance & Investment Ltd
vii) Kayaguru Health Solutions Limited
viii) Kayaguru Capital Market Pvt Ltd
ix) Handful Investrade Pvt Ltd
x) Girraj Kishore Agarwal HUF
xi) Saloni Agarwal
4. Income in Foreign Currency : NIL
5. Expenditure in Foreign Currency : NIL
6 As per information available with the Company, none of the
creditors has confirmed that they are registered under the Micro, Small
and Medium enterprises Development Act, 2006.
7. Trade Receivable, Trade Payable, Short Term Borrowings and Short
Term Loans and Advances balances are subject to confirmation and
reconciliation.
8. Segment Information: The Company is engaged in single segment and
there are no separate reportable segments as defined in AS-17.
9. Previous year's figures have been regrouped, rearranged and
reclassified wherever necessary to conform to the current's
classification/ presentation.
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