| Note 1: Contingent Liability
Contingent liabilities as may arise on account of non/delayed
compliance of certain fiscal statutes - Amount unascertainable
(Previous year - Amount unascertainable)
Note 2: Segment Accounting
Since the Company has neither more than one business segment nor more
than one geographical segment, segment information as per Accounting
Standard 17 is not required to be disclosed.
Note 3: Related party Transactions
(A) Names of the related parties and nature of relationship which
exists.
(i) Associates
- Sumadhu Traders Pvt. Ltd.
- Sumadhu Estate Developers Pvt. Ltd.
- Suvimal Properties Pvt. Ltd.
Ý - India Food Company Pvt. Ltd.
- National Tiles & Industries Pvt. Ltd.
- Madhu Construction Pvt. Ltd.
(ii) Subsidiaries: None.
(iii) Kev Managerial personnel and their relatives
(a) Shri Pradeep Kumar Sarda Chairman
(b) Shri Gopal Somani Director
(c) Shri Parag Sarda
(Son of Shri Pradeep Kumar Sarda) Director
(iv) Relatives of Kev Management Personnel-None
Note : Related party relationships are identified by the Company and
relied upon by the auditors.
Note 4: Taxation
(a) The Company has not provided for Current tax in view of losses
incurred by the Company during the year under review.
(b) Deferred Tax Assets arising due to timing difference have not
been provided for in the accounts during the year, considering the
principle of prudence. As a consequence, no Deferred Tax provision
is appearing in the Company's books as at the Balance sheet date.
Note 5:
Micro, Small and Medium Enterprises Development Act, 2006:
Micro Small and Medium Enterprises in the Current as well in the
has been amended on the basis of mformatton . provided by the Company
and relied upon by the Auditors.
Note 6: Retirement Benefits:
No provision is constdered necessary in the accounts towards Gratuity
and Leave encashment since there are no employees with the Company.
Note 7: The Company is in the process of obtaining Service Tax
registration for payment of Service tax under reverse charge mechanism.
Note 8: Non-compliance of Clanse 41 of the Listing Agreement
Reports to the concerned Stock Exchanges.
Note 9: The previous year's figures have been reworked, regrouped,
rearranged and reclassified wherever necessary.
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