-0.05 (-0.05%)| Notes to Accounts | Year End : Mar '10 |
1 There is no contigent liabilities during this year as well as in the previous year. 2 The accounts of the sundry debtors, sundry creditors and certain Loan & Advances are subject to confirmation and reconciliation, if any. The difference as may notice on reconcilation will be duly accounted for on completion thereof. In the option of management , the ultimate difference will not be material . 3 Provision for gratuity has not been made in the books of accounts since none of the employees has completed the qualifying period of service. 4 In the opinion of the Board and to the best of their knowledge and belief, the value of realisation of current assets, loans and advances , in the ordinary course of businees would not be less then the amount at which they are stated in the Balance-Sheet and provision for all known and determined liabilities is adequate and not in excess of amount reasonable required. 5 The Company has a Authorised Service Centre of Ashok Leyland at Asangaon, Dist. Thane which is a part of transportation business and it is included in the transportation business activity in the segment reporting. 6 Segment Reporting The Companys operations relate to the business segments namely transportation, service centre, Power Generation by Windmill and Manufacturing of Bitumens & Bituminous Products. These business segments represents primary basis of information set out in the financial statements. In accordance with the Accounting Standard 17 on Segment Reporting issued by the ICAI, the segment information for the year ended March 31,2010 is as follows: Segment assets include all operating assets used by a segment and consist primarily of debtors,current assets and fixed assets net of provisions and allowances.Segment liabilities include all operating liabilities and consist principally of creditors and other payables. 7 RELATED PARTIES DISCLOSURES: I RELATED PARTIES A Key Management Personnel Mr.Jaiprakash Agarwal , Managing Director B Relatives of the Key Management Personnel Mr.Lalit Agarwal Mr.Ramchandra Agarwal Mr.Mahendra Agarwal Related parties relationships as stated in (A) to ( B) above are identified by the Company as required under Accounting Standard 18(AS-18) and realted upon by the Auditors 8 The Company has not appointed a Company Secretary as per provisions of section 383 A of the Companies Act, 1956. 9 Additional information pursuant to the provision of paragragh 3 , 4 C and 4 D of Part II of Schedule VI of the Companies Act, 1956 are not applicable to the company. 10 (A) Previous year figures have been regrouped whenever necessary . (B) Figures in bracket are of the previous year . Schedule A to N have been signed by the Board of Directors and Auditors and form an integral part of of Balance Sheet and Profit & Loss Account |
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| Source : Dion Global Solutions Limited | |
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