(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
(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.
(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.