01. Figures have been rounded off to the nearest rupee.
02. Figures of previous year have been re-grouped and rearranged
wherever necessary to conform to those of current year''s
03. No Depreciation provided for the year under report as there were
no fixed assets left with the company as on 31-3-2012.
04. No provision for Income Tax have been made in the books since the
company had incurred losses in earlier years'' which were eligible for
carry forward and set off.
05. Capacity of Production '' Raw Material Consumed and Sales:
As the textile business was closed down the capacity of production is
not applicable. No stocks are left with.
06. Number of persons employed throughout the financial year who were
in receipt of remuneration which in aggregate was not less than
Rs.24''00''000 for the year.
07. No commission was paid to the Managing Director. No sitting fees
was paid to Directors
08. Payment to Statutory Auditors : Audit fees Rs25''000/-
09. Contingent Liabilities:
a) Counter Guarantee to Bankers in respect of Guarantee Given by the
Bankers Rs.1.64 lakhs. (Previous year Rs.23''70''096/-)
b) Customers Bills discounted with Bankers Rs. 0.00 lakhs. ( Previous
year Rs.0.00 lakhs)
10. Earnings per share : : Negative
11. The information as required to be disclosed under the Micro''
Small and Medium Enterprises Development Act'' 2006 has been determined
to the extent such parties have been identified on the basis of
information available with the company. Based on this information''
there are no Micro'' Small and Medium Enterprises to whom the company
owes dues'' which are outstanding for more than 45 days as at 31st
12. Accounting for Taxes on Income
As there was uncertainty that sufficient future taxable income will be
available'' no deferred tax asset had been created.