NOTE - 1 :
Conart Engineers Limited
listed company and is engaged providing full range of General
Contracting and Project Management Services for Industrial, Commercial,
and Residential Construction projects. We service to sectors like Heavy
Machinery, Pharmaceuticals, Chemicals, Textiles, and Educational. Our
experience has been Four decades long. Majority of our projects are
awarded from Private Sectors clients and are based on At-Risk
NOTE - 2 :
(a) SHARE CAPITAL
a) Terms / rights attached to equity shares :
The Company has only one class of shares referred to as equity shares
having a par value of Rs.10/- per share. Each holder of equity shares
is entitled to one vote per share.
In the event of liquidation of the Company, the equity share holders
will be entitled to receive remaining assets of the Company, after
distribution of all preferential amounts. The distribution will be in
proportion to the number of equity shares held by the shareholders.
NOTE - 3 :
DETAILS OF DEFERD TAX LIABILITY
The Company has during the year in accordance with Account Standard
AS-22 Accounting for Taxes on Income issued by the Institute of
Chartered Accountants of India , Recognized in the profit & loss
accounts a difference of Rs.16,05845/- Between net, deferred tax
liabilities of Rs.12,50,539/- As on 31st March 2015 and on the deferred
tax liabilities of Rs.28,56,384/-As on 31st March,2014
NOTE - 4 :
Guarantee given to the Bank Rs.19,00,000/-(Previous Year Rs.
NOTES - 5
Estimated amount of contract remaining to be executed on capital
account and not provided for is Nil (Previous year Nil).
Since the company is operating in one segment i.e. construction,
segment wise reporting is not applicable.
Sundry Debtors and Creditors & advance are subjected to confirmation by
the respective parties. Necessary Adjustments in account will be made
in the year in which discrepancy, if any, may be noticed.
NOTE - 6
Sundry Loan & Advances and other assets are, in the opinion of
management stated at the amount realizable in the ordinary course of
business and provision for all known and determined liabilities are
adequate and not in excess of the amounts reasonably required.
NOTE - 7
There are no delays in payments to Micro and Small enterprises as
required to be disclosed under the Micro, Small and Medium enterprises
development act 2006. This information has been determined to the
extent such parties have been identified on the basis of information
available with the Company. This has been relied upon by the auditors.
Figures have been rounded off to the nearest rupee.
NOTE - 8
Previous year figures have been regrouped / reclassified wherever