1. Terms/ Rights attached to Securities:
1) The Company has only one class of Equity Shares having a par value
of Rs. 10/- per share. Each holder of Equity Share is entitled to one
vote per share.
In the event of liquidation of the Company, the holders of Equity
Shares will be entitled to receive remaining assets of the Company
after distribution of all preferential amounts. The distribution will
be in proportion to the number of Equity shares held by shareholders.
2. In the opinion of Board of Directors, the aggregate value of
Current assets, Loans and Advances are realizable in ordinary course of
business and will not be less than the amount at which these are stated
in the balance sheet.
3. Deferred Tax Assets for the year of Rs.45015/- as per Accounting
Standards 22 on Accounting for Taxes on income pertaining to the timing
between the accounting income and the taxable income has been
recognized by the management in the Profit & Loss Account.
4. In the opinion of the company management, the operations of the
company are considered as single segment hence AS-17 on Segment
reporting issued by the Institute of Chartered Accountants of India is
not applicable.
5. Contingent Liabilities
There is no contingent liability as on 31st March, 2015.
6. Previous year figures have been re-grouped/re-classified wherever
necessary to make them comparable with the current year figures.
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