| 1. In the opinion of the management, the Current Assets, Loans &
Advances are approximately of the value stated, if realized in the
ordinary course of business. The provisions for all known liabilities
are ascertained.
2. Balance of Creditors and Loans & Advances and balances of Bank
current account are subject to confirmation.
3. The Company did not have any transaction with small scale industrial
(SSI) undertaking during the year ended March 31st, 2015 and hence there
are no amounts due to such undertaking. Further the identification of
SSI undertaking is based on the management's knowledge of their status.
4. In accordance with the Accounting Standard 22 (AS 22) issued by
the Institute of Chartered Accountants of India, the Company has
accounted for deferred income tax during the year. The deferred Income
Tax provision during the year amounts to Rs. (6,42,386) as compared to
Rs. (16,325) for the previous year.
5. Detailed information regarding quantitative particulars under part
II of Schedule III to the Companies Act, 2013.
(AS PER DETAILS ENCLOSED)
6. Related Party & Related Party Transactions Disclosures: a. Related
Parties:
Name of the Related Party Nature of Relationship
Daniel Solomon Bondugula Managing Director
Vinay Madhukar Ganu Executive Director
Rajaram Arjun Rambade Executive Director
Sangeeta Dyanoba Savane Non Executive - Independent Director
Surendra Naidu Rayapati Non Executive - Independent Director
Dr. Thakur Ramesh Singh Non Executive - Independent Director
Chouhan
Amit Tarach and Shah Non Executive - Independent Director
Jigar Premchand Motta Non Executive - Independent Director
S L M Chowdary Palempati Non Executive- Non-Independent
Director
7. Previous year's figures have been regrouped wherever necessary.
8. The figures have been rounded off to nearest rupee.
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