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0 | Notes to Accounts | Year End : Sep '11 |
(a) In the view of the Management, No Provision is required to be made for Depreciation on fixed assets except Depreciation on Computer. The effect of which can not be quantified, to that extent Profit for the year and balance in Profit & loss account is over stated. (b) The Company has not made any Provision regarding Gratuity liability as prescribed by the accounting standard 15 (Revised) on employee benefits. (c) Investments are long term and unquoted in nature and hence in the view of the management no provision for diminution in the value of investments is required to be made. (d) Segment Reporting: The Company Operates in single Segment. i.e. Media. (e) Related Party Disclosure : There is no transaction that has taken place during the year with related parties to be disclosed as required by Accounting Standard -18 Related party Transaction issued by the Institute of Chartered Accountants Of India and notified by the Companies Accounting standard Rules – 2006. (f) The balances shown in the Balance sheet under the head of unsecured loans, Creditors, Debtors and Loans and Advances are each subject to confirmation from respective parties and are subject to adjustment if any, on receipt of confirmation. (g) The Company has not received any intimation from Suppliers regarding their status under Micro and Medium Enterprises Development Act, 2006 and hence disclosure , if any, relating to amounts unpaid as at year end together with interest paid/payable as required under the said Act have not been given. |
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| Source : Dion Global Solutions Limited | |
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