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Current Year Previous Year
(Rs.) (Rs.)
1. Contingent Liabilities provide NIL 13,10,000/-
2. In the opinion of the directors,
a) The current assets, loans and advance are approximately of the value
stated, if realized in the ordinary course of the business.
b) The provisions of all the known liabilities are adequate and not in
excess of the amount reasonably necessary.
3. Depreciation
Fixed assets are valued at cost less depreciation. Depreciation has
been provided on the WDV method on the prorate basis as per the rates
prescribed in Schedule XIV of the Companies Act, 1956.
4. Deferred Revenue Expenditure amounting to Rs. 12, 95,OOO/- have been
incurred during the year under review. The Management has taken an
unanimous decision not to apportion such Deferred Revenue Expenditure
over the next four years. This will apply to the value of Deferred
Revenue Expenditure Balance Sheet as on 31/O3/2O14. The entire Deferred
Revenue Expenditure has been reflected under "Other Non- Current
Assets" since there is no program to apportion the same in the next
financial year.
5. Previous year's figures have been regrouped and rearranged wherever
necessary to make them comparable with the current year's figures.
6. The change of registered office has taken place during the year
under audit, post consent of the RD Gujrat.
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