Note 1 - Amounts due to Micro, Small and Medium Enterprises:
Under the Micro, Small and Medium Enterprises Development Act, 2006
certain disclosures are required to be made related to micro, small and
medium enterprise. The company does not have any transactions with such
2. Contingent liabilities & Commitments:
Particulars 2014-2015 2013-2014
Claims against the Company / Disputed
Liabilities, not acknowl- 5 5
edged as Debt
3 Profit / loss from F&O and Non Delivery transactions are accounted
on net of brokerage paid.
4. Balances of the Sundry Debtors, Loans and Advances and Sundry
Creditors are subject to confirmation and resultant reconciliation, if
5. There are no dues to Micro and Small Enterprises as at 31st March,
2015. This 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.
6. The company had bought back the capital investment made in its
wholly owned subsidiary i.e. 1,00,000 AED and the amount is still lying
in the Axis Bank Nostro Account.
7. The Previous year figures have been regrouped / rearranged /
reclassified wherever necessary. Amounts and other disclosures for the
preceding financial year are included as an integral part of current
year''s financial statements.
8. Segment Reporting
In the opinion of the Management, the Company is operating in a single
segment only as per the provisions of the accounting standard AS-17,
issued by the Institute of Chartered Accountants Of India.