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-0.4 (-2.27%)| Notes to Accounts | Year End : Mar '12 |
31.03.2012 31.03.2011
Rs. in Lacs Rs. in Lacs
1. Capital Commitments Nil Nil
2. Claims made against the company but
not acknowledged as debts Nil Nil
3. Contingent Liabilities on
disputed Income Tax 2.57 20.27
4. Additional information pursuant to
para 3 & 4 of para ii of schedule VI
of the Companies Act, 1956.
31.03.2012 31.03.2011
Rs. in (''000) Rs. in (''000)
1. Expenditure in foreign currency Nil 22.41
2. Earning in foreign currency Nil Nil
3. Payment to Auditors :
- Audit Fees 105 105
5. The Company undertook activities for exploration of gold at various
sites. Commercial production of gold has not commenced and therefore it
is the Company''s intention to account for all the exploration
expenditure of Rs 967.65 Lacs as noted in schedule ''2 c'' to the Balance
Sheet as pre-operative expenditure which will be charged to the profit
& loss account as and when the commercial activities/production
commences.
6. The company has not received information from creditors regarding
their status under the Micro, Small and Medium Enterprises Development
Act, 2006 and hence disclosure relating to amount unpaid at the end of
the year under this act has not been given. There were no claims for
interest on delayed payments.
7. Segment Reporting:
The Company is mainly engaged in the business of gold exploration and
mining. Considering the nature of business and financial reporting of
the Company, the Company has only one segment viz; Gold Mining and
Exploration as reportable segment.
8. Previous year figures have been re-grouped, re-arranged wherever
considered necessary. |
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| Source : Dion Global Solutions Limited | |
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