| Note 1 Other Disclosures
1.1
a) Balances in Loans and advances, TDS certificates Receivables /
Recoverable, Advance from customers, Sundry Creditors, Advances from
Customers and Sundry Debtors are subject to reconciliation,
confirmation and consequential adjustments, if any. However it is to be
noted that no movement in Sundry Debtors or Sundry Creditors has been
observed during the year as such we doubt the recoverability or the
payments of the same. However the management is confident that they
would be able to recover the same.
b) It is also observed that there has not been any discernible movement
visible in the movement of Non Current Assets, Current Assets and Non
Current Liabilities and Current Liabilities.
1.2 The company has not made any deposits at the Balance Sheet date to
the Investors Education and Protection Fund.
1.3 There are no delays in payments to Micro and Small Enterprises as
required to be disclosed under the Micro, Small and Medium Enterprises
Development Act, 2006. The above information and that given in
Schedule 11 "Current Liabilities" regarding Micro and Small Enterprises
has been determined to the extent such parties have been identified on
the basis of information available with the company. This has been
relied upon by the auditors
1.4 Deferred Tax
In compliance with the AS 22 on "Accounting for taxes on Income" issued
by the Institute of Chartered Accountants of India, the company has
provided necessary Income Tax as applicable in accordance with
provisions of the Income Tax, 1961. The Company has not recognized
Deferred Tax Asset /Liability during the year.
1.5 Additional information pursuant to paragraphs 5 (viii) of Part II
of Schedule VI to the Companies Act, 1956 are follows:
Comparatives:
Comparative Financial information, presented in accordance with the
Corresponding Figure Financial Reporting Framework set out in Auditing
and accounting Standards AS 25 on "Comparatives Figures of the Previous
Year" issued by the Institute of Chartered Accountants of India, have
been regrouped and reclassified wherever necessary to correspond to
Figures to the Current Year as per New Schedule VI.
As per our report of even date annexed hereto.
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