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| Notes to Accounts | Year End : Mar '12 |
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 classification. 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 March'' 2012. 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. |
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| Source : Dion Global Solutions Limited | |
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