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Particulars As At As At
31-Mar-15 31-Mar-14
Rs. Rs.
NOTE 1 : CONTINGENT LIABILITIES :
a. Estimated amount of liability
on capital contracts - -
b. Other Contingent Liabilities - -
- -
NOTE 2 : DEFERRED TAX LIABILITY :
As per the Accounting Standard (AS 22) laid down by the Institute of
Chartered Accountants of India, the Company is required to make a
provision for deferred tax liability.
NOTE 3 : OPERATING LEASES:
Total rental charges under cancelable operating lease was Nil (Previous
year Nil)
NOTE 4 : INFROMATIONS UNDER MICRO, SMALL AND MEDIUM ENTERPRISES
DEVELOPMENT ACT, 2006
The Company has not received information from vendors regarding their
status under the Micro, Small and Medium Enterprises Development Act,
2006 and hence disclosures relating to amounts unpaid as at the year
end together with interest paid / payable under this Act have not been
given.
NOTE 5 : SEGMENTAL REPORTING
As the Company has been operating only in one segment both in terms of
business and geographical operations, segmental reporting in terms of
Accounting Standard 17 is not applicable.
NOTE 6 : RELATED PARTIES DISCLOSURES
a) Key Managerial Personnel (KMP)
G Srinivasa Reddy - Director
b) Individuals having significant influence on the company
i. ) G R K Reddy
ii. ) V P Rajini Reddy
c ) Entities over which individual having significant influence
exercise control i) MARG Limited
NOTE 7 :
In accordance with the requirements of Schedule II to the Companies
Act, 2013, the company has reassessed the useful lives of the
depreciable asset. The depreciation for the year ended 31-Mar-2015 is
higher by Rs. 16,44,656/- due to change in useful lives. The
exceptional item of Rs. 42,172/- in the Statement of Profit or Loss
represents the amount charged off in respect of assets whose rmaining
useful life is nil as at 01-Apr-2014.
NOTE 8 : PRESENTATION OF PREVIOUS YEAR'S FIGURES
Previous year's figures have been regrouped / reclassified / rearranged
wherever necessary to bring them in conformity with the current year
figures.
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