| (i) Previous year's figures have been regrouped/ re-arranged wherever
necessary.
(ii) The Company is listed on Calcutta Stock Exchange.
(iii) There is no Contingent Liability for the year under review.
(iv) There is no employee eligible for the benefit of gratuity; hence
no such provision is made.
(v) In the opinion of the Board and to the best of their knowledge and
belief, the value of realization of current assets in the ordinary
course of business will not be less than the amount at which they are
stated in the Balance Sheet.
(vi) Accordance with the Accounting Standard AS-22 "Accounting for
Taxes on Income" issued by the Institute of Chartered Accountants of
India, Deferred Tax Asset is not created as a matter of prudence as
there is no reasonably certainty of future profit.
(vii) As per information and explanation provided by the Management
there are no outstanding dues of SSI undertakings as required by
Schedule VI of the Companies Act, 1956.
(viii) The Company has no amount to be paid to Micro, Small and Medium
Enterprises in accordance with provisions of Micro, Small & Medium
Enterprises Development Act, 2006.
(ix) In terms of Accounting Standard 20, the calculation of EPS is
given below:-
(a) Profit/(Loss) after Taxation:- Rs. 4160.00
(b) Weighted Average number of Equity Shares outstanding during the
year: - 2,40,000 shares.
(c) Normal value of shares:- Rs 10/- share
(d) Basic and Diluted EPS:- Rs 0.02
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