| 1. DIRECTOR'S REMUNERATION
Mr. K.C. Raghunathan continues as Managing Director without
remuneration w.e.f 21st August 2011
2. No provision has been made pending disposal of rectification
petition filed u/s.154 of Income Tax Act,1961 and waiver petition filed
for waiver of interest.
3. No provision has been made towards Tax in view of the Loss incurred
by the Company.
4. The Company created Employees' Gratuity Trust and Group Gratuity
Policy has been taken with Life Insurance Corporation of India. The
Annual Premium calculated by LIC as per acturial assessment has been
charged to revenue. During the year the Company has not made any
payment from Gratuity fund.
5. Sundry Debtors and Sundry Creditors and Advances are as per books
subject to confirmation and reconciliation.
6. Deferred Tax for the Year 2013-14
Deferred Tax Asset has not been created in respect of Losses including
depreciation incurred by the Company during the year on a conservative
basis.
7. Investment in SIP Florals Private Limited has been valued at cost.
The decline in value of investment is temporary and non-significant,
hence not provided for.
8. Previous year's figures have been regrouped and reclassified
wherever necessary.
9. Figures have been rounded off to the nearest Rupee.
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