| 1. Deferred Tax Assets
In accordance with the accounting standard AS-22 " Accounting for tax
on income" issued by the institute of chartered accountant of india
consequently deferred taxes have been recognised in respect of
following items of timing difference between accounting income and
taxable income.
Contingent liability
2. Claims against the company not acknowledged as debts
CURRENT YEAR: NIL
PREVIOUS YEAR: NIL
3. Estimated amount of contracts remaining to be executed on
capital account and not provided for:
CURRENT YEAR: NIL
PREVIOUS YEAR: NIL
4.In the opinion of the Board of Directors, the current assets, loans
and advances have a value on realization in the ordinary course of
business at least equal to the amount at which they are stated in the
Balance Sheet.
5. Balance with Trade Payable and Loans and Advances Are Subject
to Confirmation.
6. Foreign Currency Transection
Earning in Foreign Currency Current Year : Nil
Previous Year: Nil
Expenditure in Foreign Currency Current Year : Nil
Previous Year: Nil
7. Previous year's figures have been regrouped /rearranged
wherever necessary to make them comparable with current year's figures.
1.7 NOTES FORMING PART OF ACCOUNTS
8. In the opinion of the Management, all the current assets, loans and
advances are approximately of the value stated in the Balance Sheet, if
realized in the ordinary course of business.
9. The company is in the process of obtaining confirmation of Balance
in respect of Trade Receivables, Trade
Payables, Loans and Advances etc. Necessary adjustment, if any, will be
madeon receipts and reconciliation of such balance. In view of the
above, such balances are stated as per books of accounts only.
10. SEGMENT REPORTING (AS-17)
As per management, the company is engaged in one segments NBFC
activities only.
11. RELATED PARTY INFORMATION (AS -18)
A. Related Party Relationship
i) Associate Company Heena Developers Pvt Ltd
Aman Associates Pvt Ltd
Cusp Infra Projects Limited
Glory Construction Pvt Ltd
North India Securities Private Limited
Shikha Developers Pvt Ltd
Suman S S Rolling Mills Private Limited
ii) Related Parties
Bharat Gupta
12. According to information available with the company, there is no
amount due to Micro, Small & Medium Enterprises as at 31st March 2014.
1 Previous year figures have been reclassified & regrouped whenever
necessary.
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